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Cryptocurrency Books You Must Read

Cryptocurrency Books You Must Read
When you go out into Internet space to look for some information on the crypto world, you may end up being confused and baffled. Suddenly, everyone’s an expert and each has something to say about it. Without a basic knowledge of the technology, your lack of knowledge may backfire on you one day if you get into the clingy paws of ICO internet scammers, so before you invest, it is important to learn some of the basics and fundamentals.
by StealthEX
Here is a heap of cryptocurrency books we recommend you to read to nurture your crypto side of the brain:

Digital Gold by Nathaniel Popper

In his shortlisted for the 2015 Financial Times and McKinsey business book of the year, Popper tells us the story of bitcoin since its early days. He tells the story through the eyes of famous and bright crypto influencers including South American and Asian millionaires, the Winklevoss twins and the legendary Satoshi Nakamoto. The author compares the digital currency to gold, claiming cryptocurrency to be the new global standard of storing the value.
Some readers say that Digital Gold book is a ready material for a thriller – unexpected plot twists, powerful influential organizations, drugs, blackmail make up the fascinating story to read and a really good starting point to understand what Bitcoin and Blockchain Technology is. The only downside that it only takes you up to 2015 but don’t worry, those were jam-packed years of growing.

The Internet of Money by Andreas Antonopoulos

Even though Andreas Antonopoulos is one of the world’s foremost bitcoin and blockchain experts, he has a unique talent to simply explain complicated materials herewith maintaining the significance of the topic. For readers who want to explore more theory, The Internet of Money book is actually a collection of talks given by technology-enthusiast Andreas Antonopoulos, where he surpasses all the technical “geeky” details. In each section he delivers complex discussions in average words, exploring the economic, political, social and philosophical sides of the technology that has forever affected our world.
By the way, the book was released in 3-volume series so you won’t miss out on any trivia.

The Little Bitcoin Book: Why Bitcoin Matters for Your Freedom, Finances, and Future by Alejandro Machado, Jimmy Song, Alena Vranova, Timi Ajiboye, Luis Buenaventura, Lily Liu, Alexander Lloyd, Alex Gladstein

Why does the price keep changing? Is Bitcoin worth investing my money into? How does it even have value? Why do people keep saying that it is the future of currency? The answers to all these questions you are going to find out in this book written by 8 experienced crypto experts. They finished it in just four days and they did well in accumulating their knowledge in a book format along with covering a lot of different questions and concerns around the digital currency. The book also explains how Bitcoin affects people’s freedom and opportunities. Also, there is a Q & A section with some of the most frequently asked questions about Bitcoin.

Cryptoassets: The Innovative Investor’s Guide to Bitcoin and Beyond by Chris Burniske & Jack Tatar

The book provides a useful framework on some popular cryptocurrencies such as Bitcoin, Litecoin, Ethereum, Ripple, etc. and also explains why and how to invest and what would be the best thing to invest into. The authors make a major focus on investment strategies that really work, and teach you on fundamental notions like volume, liquidity and volatility of crypto coins. The authors use infographics, equations, historical data and statistics to teach you about crypto assets and markets.
This crypto book is as suitable for the beginners as for the advanced investors. It’s written in a straight forward style and will probably serve as a good reference for the future.

Mastering Bitcoin: Programming the Open Blockchain by Andreas M. Antonopoulos

Another Andreas Antonopoulos book but at this time an intermediate level. If you want a technical explanation, with code samples – get this book, Mastering Bitcoin is for people who already have a programming or computer science background. Well-delivered, useful and enlightening – the book takes you through the intricate world of bitcoin, providing the knowledge you need to participate in the internet of money. Whether you’re a software developer, startup investor, or simply curious about the technology, this edition is definitely worth your attention!

The Bitcoin Standard: The Decentralized Alternative to Central Banking by Saifedean Ammous

This is a book written by a world-class economist Saifedean Ammous, where he explains how money works, why some money works better than the others and how monetary systems evolved throughout history – from ancient times to our days.
Some people call it an eye-opening book, which would make you overthink the concept of money in general. Anyway, the book certainly is thought-provoking and it might induce you to dive deeper into the crypto world. The author doesn’t try to predict the future of money but to widen our horizon, to understand the problem of our economic system, and see the possibility of having a decentralized alternative to central banking.

The Book Of Satoshi: The Collected Writings of Bitcoin Creator Satoshi Nakamoto by Phil Champagne

Have you ever wondered who stands behind the whole crypto industry? Who made it all possible? The fun thing is that nobody knows. All we know is the name – Satoshi Nakamoto. In his book, Champagne dives deeper into his mysterious personality and investigates who Nakamoto might be, whether it is one person or a group, and how it was possible for Nakamoto to create the game-changing Bitcoin while remaining completely anonymous. The book includes actual emails and internet posts by Nakamoto, presented in chronological order. Fine resource for anyone interested in Bitcoin, it gives insight into Satoshi’s thinking, and readers can look at Bitcoin from a whole new perspective!
And speaking of Bitcoin, if you need to exchange your BTC and many other coins, StealthEX is here for you. We provide a selection of more than 250 cryptocurrencies and constantly updating the list so that our customers will find a suitable option. Our service does not require registration and allows you to remain anonymous. Why don’t you check it out? Just go to StealthEX and follow these easy steps:
✔ Choose the pair and the amount for your exchange. For example ETH to BTC.
✔ Press the “Start exchange” button.
✔ Provide the recipient address to which the coins will be transferred.
✔ Move your cryptocurrency for the exchange.
✔ Receive your coins.
Follow us on Medium, Twitter, Facebook, and Reddit to get StealthEX.io updates and the latest news about the crypto world. For all requests message us via [email protected].
The views and opinions expressed here are solely those of the author. Every investment and trading move involves risk. You should conduct your own research when making a decision.
Original article was posted on https://stealthex.io/blog/2020/09/01/cryptocurrency-books-you-must-read/
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Crypto Industry is Betting Big on the Future of Stablecoins

Crypto Industry is Betting Big on the Future of Stablecoins

https://preview.redd.it/x3i0kbnavuk21.jpg?width=1000&format=pjpg&auto=webp&s=24e5620b93f0895f510c60b25533b14e754754ce
When merchants started introducing bitcoin and similar digital currencies as one of their payment methods, they quickly encountered a significant problem: price volatility.
There were instances like a luxury item dealership, which used to accept bitcoins for their products but saw the value their Ferrari cars jump by almost 33% during a test run. The company, dubbed as The White Company, later joined the popular trend of launching a “stablecoin,” a hybrid of blockchain and fiat money, which promised to protect its balance sheets from subtle influences.

WHAT IS STABLECOIN?

Rather than fluctuating on the whims of traders’ speculation, a stablecoin is a new blockchain-enabled breed that is characteristically pegged to stable real-world assets, from commodities to currencies. For instance, users can purchase one stablecoin for a dollar, and can also redeem it later for the same price, thus eliminating the notorious crypto price swings.
The stablecoin industry became popular in the wake of 2018’s crypto crash. The depression saw the market’s leading cryptocurrencies like Bitcoin and Ethereum losing 80-90% of their capitalization within a year. A majority of retail investors, who were holding these volatile crypto assets, decided to exchange them for stablecoins as a part of their risk management strategy. Once the volatility settled, traders were redeeming their stablecoins for digital currencies, as well as fiat currencies to exit the crypto market on minimized losses.

INBOUND INVESTMENTS

Stablecoins are not exciting as speculative assets, mainly because their backers supply only the portion that they can back against a stable real-world asset. They are highly attractive tools when it comes to retaining the qualities of blockchain-enabled payment networks for, say, remittance and hedging.
The institutional players have begun to realize the potential of stablecoins. As of November, the total investments made into the stablecoin space has touched $3 billion, per Stable Report, a crypto research group. It has led to the introduction of more than 120 stablecoin projects this year.
Winklevoss Twins, for instance, launched a stablecoin for their Gemini bitcoin exchange in September. Circle, a Goldman Sachs-backed crypto group, also partnered with a US bitcoin exchange Coinbase to launch a USD Coin.

DUE DILIGENCE

Almost every new player in the stablecoin market is coming with their audit reports in hand, a record that verifies that the company that intends to issue its stablecoins has sufficient assets to back them. Some coin projects have even introduced features that allow them to freeze or delete coins to tackle money laundering acts.
Popular stablecoin project Tether, meanwhile, has garnered criticism for refusing to get its balance-sheets audited by an independent party. It has enabled a whole new competition to flourish in response, which includes more modern stablecoin projects like TrueUSD, Paxos, and Maker, in addition to Gemini Dollar and USD Coin (as discussed above).
As the regulatory watch improves and companies begin to take due diligence seriously, 2019 could prove to the year of stablecoins. Advocates believe that in the long term, almost all the traditional industries would want to integrate a stablecoin solution.
“Insurance, lending . . . these are some of the categories that could start to grow into the trillions,” Garrick Hileman, head of research at Blockchain crypto wallet company, told FT.
Social media giant Facebook has already announced that it would introduce a stablecoin to power p2p payments on its WhatsApp messenger.
Featured image from Shutterstock.
https://www.ccn.com/crypto-industry-is-betting-big-on-the-future-of-stablecoins
submitted by dForceProtocol to u/dForceProtocol [link] [comments]

Cryptocurrency Investors

Hello! My name is Mihail Kudryashev, I am a frontend engineer at Platinum. We are a an international STO/IEO/ICO/POST ICO consulting, promotion and fundraising company with huge experience in STO and ICO marketing and best STO blockchain platform in the world! Learn more about it: Platinum.fund Our company gained popularity after launching the world’s number one online university with only practical knowledge on crypto economics. Now you can learn how to create and develop your own ICO and STO, how to market your campaign and make it super successful. Who are cryptocurrency investors? What drives people to invest in cryptocurrency? Read the extract of the UBAI lesson to get all the answers.
Introduction to the Investors §2
In 2017, the total cryptocurrency market capitalization was approaching $850B which begs the question:
Why are investors turning to cryptocurrencies?
A survey by Blockchain Capital indicated that at least 30% of millennials would rather invest in bitcoin than invest in traditional stocks. Cryptocurrency investors, like traditional investors, expect a return at least proportionate to the risk they take. Due to the fundamental lack of regulation, incredible volatility and astronomical relative risk, many cryptocurrency investors expect to earn meteoric returns. Returns in the ranges of multiples from 200% to 1000%.
Let us first begin by examining the kinds of people who invest in cryptocurrency, and then let’s see the reasons why each of them is investing in this relatively new market.
Types of Investors
The “Newbie” Cryptocurrency Investor
This investor is just starting out. They probably have not had any significant experience in any form of investing before and bitcoin is their first experience. They have heard about people making incredible returns from cryptocurrency investing, or some aspect of the entire blockchain and crypto revolution attracts them, and they decide they want to invest too.
Unfortunately, most of the newbie investors will end up losing their money, primarily because of one specific misconception; they think cryptocurrency investing is an easy way to make huge profits. “ “Types of Investors §2
“Gambler” or “Get Rich Quick” Investor
This is the second class of cryptocurrency investor, and is actually not really an investor at all.
This type of person is out to make a fortune as fast as possible. They will fall for whatever sweet-sounding scheme they hear. They love ideas that promise to double or triple their investment quickly. Like the Newbie, they do not understand how cryptocurrencies work, and they don’t care. The difference between this kind of investor and the successful individual or professional investor is that the gambler does not care about the management of risk, or about the timing of trades.
They place their money on the table, and they hope it will make a good return. They are gambling rather than creating an investment thesis and executing a well-thought out strategy. They might even have an infectious positive attitude, but unfortunately it is not backed by knowledge or the due diligence required to be a successful investor.
A good example of this style of thinking, outside of cryptocurrency, is high yield investment plans (HYIPs) that promise to multiply an investors capital by a certain factor. This is not to say that all HYIP programs are scams, but a good number of them are. Most importantly, the investors who flock into such plans have similar characteristics to that of the Get Rich Quick investor in that they will not take the time to learn about the field in which they are investing. They are just looking for fast money and an overnight success. “ “Types of Investors §3
Short Term Traders (Day/Swing Traders)
Short term traders must, without a doubt, be the most knowledgeable investors if they are going to succeed at their chosen profession. They have, or they should have, studied the art and science of trading more thoroughly than other people. This is the kind of investor who has taken the time to learn about cryptocurrencies and the markets on which they trade. Short term traders create deliberate and timed strategies in an attempt to profit from fast market movements. Maybe many of the short term traders started off as Newbies, but these are the individuals who took the time and effort to learn about the market. They wanted to know what they were doing. These are the people who survived and thrived to grow into the type of trader that they want to be.
Interestingly, the Day Trader does not attach emotion to any given coin. They do not need to believe in the sustainability/whitepapevision/road map, etc. of the project they are buying into at any particular time. They just need to be confident about the direction and timing of the potential price movement of the coin. “ “Types of Investors §4
Long Term Investors/ Hodlers
A great majority of successful cryptocurrency investors can be most properly classified as Long Term Investors, or HODLers in true crypto terminology. These are investors who understand quite a bit about cryptocurrency and blockchain technology and believe in the sustainability of the coins in which they are investing.
Think of the first few investors who bought bitcoin in the early days and years, when it was still deep under the radar for most people. These are the people who believed in the blockchain and cryptocurrency revolution. They didn’t sell their bitcoin for fast profit, although they had many chances to do so. They knew what they were doing, holding for the long term. These early investors and HODLers enjoyed astronomical growth all the way up to 2016 and 2017. But to be a long-term holder despite all the bad news and negative factors surrounding this brand new asset class, they must have really believed that bitcoin and the blockchain were going to change the world. This belief can only be established through study and research about the blockchain industry and the specific currencies and tokens in which you are going to invest.
Follow up and learn more on www.ubai.co!” “Types of Investors §5
Sophisticated/Professional Investors
These are experts in cryptocurrency investing. They most likely have a background in other forms of trading and investing, such as in stocks, bonds or options etc. They may also be earning fees by investing or managing money for other people.
The Iconomi fund managers are a good example. Each Fund Manager manages an array of digital assets. Investors might choose Iconomi because it offers a platform for the investor to allocate funds to specific fund managers, with the ability to swap between managers instantly if the investor desires to do so.
Each fund manager selects a number of coins in which they wish to trade or invest, with specified time horizons, short or long term. Investors can buy into the array of mutually held coins. This allows investors to utilize the knowledge and experience of professional fund managers to trade an allocated pool of capital, hopefully generating returns greater than the individual investor would be able to produce on his own.
The fund managers are motivated by the fees and commissions they earn, and perhaps a performance-linked bonus. You can certainly be properly classified as a Sophisticated Investor without any need to be a fund manager for other peoples’ money. But a professional fund manager has the ability to trade with a larger pool of capital, manage complicated risk, and diversify trading strategy to generate various streams of income. “ “Between Countries
A particular country’s participation in cryptocurrencies largely has to do with the legal regulations about blockchain projects and crypto currency investment in that jurisdiction.
When China banned the use of cryptocurrency, most Chinese nationals had to withdraw their investments. Many other countries have also placed bans on the use or trade of cryptocurrencies. Countries like Japan that have allowed the use of cryptocurrencies have witnessed a significant rise in cryptocurrency investments as a result. Japan and South Korea are home to several high-traffic cryptocurrency exchanges, meaning that a notable proportion of their population is investing in cryptocurrencies.
Another way to look at cryptocurrency investment demographics is to look at the bitcoin ATMs present in each country. The United States of America is the leading country, followed by Canada and then the United Kingdom.
According to a report by Google trends, the five top countries interested in bitcoin are: South Africa, Slovenia, Nigeria, Colombia and Bolivia.
Remember, cryptocurrency demographics can be a little tricky due to the anonymity involved. Many people may be afraid to participate in surveys, especially when their governments have placed legal restrictions on cryptocurrency investing.
The main point the research seems to validate is that the demographics of the cryptocurrency investor base is diverse. While the average investor may be a white or Asian male between the ages of 26-30 with at least a university degree, the entire investor base is so much larger than that. Many big investors are likely to be significantly older, and have connections and businesses in the traditional economy as well. “ “Notable Investors in Cryptocurrency
While many people have made fortunes from cryptocurrency investing, a handful of them stand out as being particularly remarkable. We will take a more detailed look at some of the biggest investment success stories to see how they did it and learn about their investing strategy.
The Winklevoss Twins
After being awarded their settlement from the lawsuit against Facebook, the Winklevoss twins decided to invest a significant portion of their money in Bitcoin. They invested $11million of the $65million they received. At that time, the price of a single bitcoin was about $120.
This high-risk investment paid off handsomely and they became the first publicly known Bitcoin Billionaires, perhaps owning more than 1% of the total bitcoin in circulation. In an interview with Financial Times in 2016, the twins jointly said that they consider “Bitcoin as potentially the greatest social network because it is designed to transfer value over the internet”. They also pointed out that compared to gold, bitcoin has equal or greater foundational traits of scarcity and portability. “ “Notable Investors in Cryptocurrency §2
Michael Novogratz
A self-made billionaire ex-Goldman Sachs investment banker, Novogratz has invested more than 30% of his fortune in cryptocurrency. In 2015, he announced a $500million cryptocurrency hedge fund, including $150million of his own money. Novogratz believes that “the blockchain, the computer code that underpins all cryptocurrencies, will reshape finance, just as the internet reshaped communication”.
The investment thesis of Mr. Novogratz is similar to that of the Winklevoss twins. He has taken and maintains a long-term position while he trades in and out of short term moves, based on his fundamental belief in the potential and likely application of the underlying blockchain technology. By starting an investment fund in addition to his other cryptocurrency related ventures, he is demonstrating a strong fundamental grasp of the technology, including its applicability and impact across so many industries. Slide
Barry Silbert
In December 2014 after the US Marshal’s office seized 50,000 bitcoins from the Silk Road, Barry Silbert purchased just 2,000 of those bitcoins at $350 per coin. A few years later of course, those coins were worth millions of dollars.
Barry is the founder and CEO of the Digital Currency Group (DCG) a cryptocurrency investment firm. Barry also made significant profits from Ethereum Classic, purchasing the coin in its very first days. He has invested in over 75 bitcoin related companies, including CoinDesk. As founder of the Digital Currency Group, Barry endeavors to support bitcoin and blockchain companies and accelerate the development of the global financial system. “ “Directly through Exchanges
Step One: Register on a reputable cryptocurrency exchange
To start investing, you first need to register on a reputable cryptocurrency exchange where you can buy bitcoin and other cryptocurrencies. Binance is a good exchange to use in this lesson. While it may or may not be the best, it is currently the largest, and they provide a very supportive layout and customer service department.
You should remember, to buy most altcoins (cryptocurrencies other than bitcoin), you specifically need to use an exchange like Coinbase or Kraken that allows you to convert fiat currency into cryptocurrency. From there, if you want to trade altcoins not listed on that exchange, you will have to transfer your BTC or ETH to a larger exchange like Binance, and buy the altcoin you want, using whichever trading pair that is best suited (BTC and ETH pairs are most common).
As we have already explained, if you are buying Bitcoin or any cryptocurrencies, you should invest in a wallet to safely store your coins. It is not advisable to store your BTC or other crypto on the exchanges for too long, due to hacking and other risks. “ “Directly through Exchanges
Step Two: Determine your Strategy
There are different ways to invest. You need to find a strategy that works for you and your specific set of skills. The value of a cryptocurrency is not defined by a formula or something out a textbook. If everyone was able to calculate the actual value of a share of stock, for example, or a bond, or other tradeable asset, then the price on an open market exchange would never move. Buyers and sellers would know exactly how much the asset is worth, so there would be no reason to sell lower or buy higher than the actual value.
You need to come up with your own ideas and strategies to take advantage of market moves. Sometimes you will have a position that is contrary to the general market. Other times you might be trading in agreement with a majority of other market participants. Investors are basically separable into one of two groups of thinkers. Contrarian investors go against the crowd, swimming against the current; Momentum investors ride the wave feeling secure in the majority. Being different can be good or it can be bad. You do not always want to necessarily get caught up in the most crowded trade. “ “Things to keep in Mind
Bitcoin Futures
We need to mention the bitcoin futures market as another potential way to invest. Toward the close of 2017, Bitcoin started trading on two fully recognized and well-established futures markets; the Chicago Board Options Exchange (CBOE), and the Chicago Mercantile Exchange CME.
The key quote from the exchanges was “because the futures can be traded on regulated markets, it will attract investors, making the market liquid, stabilizing prices and it will not suffer from low transaction speeds of Bitcoin Exchanges.”
For a risk averse investor, this offers a safer entry into cryptocurrency investing. A futures contract commits its owner to buy or sell the underlying asset, BTC, at a set price, and at a set date in the future. The investor in the futures contract does not actually own the underlying asset, but rather is trading on fluctuations in the price of the asset over a certain timeframe, as specified in the futures contract. “ “Things to keep in Mind §2
Common Pitfalls We cannot conclude this lesson without one more look at the common pitfalls a new cryptocurrency investor should avoid.
The problem areas are: -Falling for scams by failing to carry out due diligence. -Relying solely upon self-acclaimed crypto gurus and experts. If you want to trade, you must understand how to read news and charts for yourself. -Too much Greed. Not taking profit when you should. It is better to take a 20% gain, than wait for a 100% gain, only to lose it all in the end. -Lacking an investment strategy or exit plan. -Not sticking to your investment plan or strategy. -Allowing emotions to rule your decisions. Chasing your losses. -Investing what you cannot afford to lose.
And finally, some time-tested wisdom from Wall Street: Bulls make money. Bears make money. Pigs get slaughtered every time. (Don’t be greedy!)
We cannot overemphasize the risk involved in cryptocurrency investing. The potential to make huge gains over a short period of time does not come without risk. There is no doubt that significant players in the global financial markets are entering the cryptocurrency markets too. We are likely to witness more and more government authorities trying to regulate cryptocurrencies, hopefully to the overall benefit of a healthy market. It seems safe to say we will see cryptocurrencies become more mainstream due to the intense interest from the traditional financial industry and institutional investing community all over the world. What are better ways to successfully invest in cryptocurrencies? Which pitfalls should you avoid? Learn all on successful ICOs and STOs after reading the full lesson: UBAI.co How to start your STO/ICO campaign in 2019? Contact me via Instagram, Facebook, LinkedIn to know more about our education: Facebook LinkedIn Instagram
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Top Crypto Headlines of the Week

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Pump & Dump is "no longer" an acceptable term in crypto currency

Greetings Yung Astronauts!
I would like to start by saying, "There is no such thing as a bad child". I believe that children learn what they live and are products of their everyday surroundings whether it be poverty or prosperity. With that said, "There is a such thing as a bad child in crypto currency". A "wild child" who is rapidly creating new coins, mining at the speed of light and then reaping rewards through fraudulent methods of exchange trading. This means of trading is called a "Pump & Dump Scheme" and is a criminal offense on Wall Street that comes with fines, forfeiture, incarceration, parole and restitution. I know your yung minds are saying, "It's unregulated, we can do whatever we want!" But the reality is if crypto currency were regulated you would be considered a criminal. Understanding crypto is one thing, understanding securities law & regulation is another.
My point is obvious to a seasoned investor, but would be inconceivable to a yung crypto investor. NYS will be the first to basically take control of Bitcoin in the form of a license and adopted rules which I believe to be a hoax. They haven't a clue on what they are doing from the public eye and are cooperating wanting Bitcoin to work. I believe this to be true, but I also believe it to be a slight of hand on their behalf. Why? NYS regulation has nothing to do with CFTC, Federal, FINRA, or SEC regulation in the US. Ex: Medical Marijuana is legal in some US states, but not federally legalized in "any" US states, same premise will apply to Bitcoin. So now we have COIN? The brainchild of the Winklevoss stooges, a joke when they got robbed of Facebook and a still a joke today in my book. Money doesn't come with brains, these guys pay "so-called" trusted advisors, for me to take these guys serious would be a cardinal sin. They are giving Bitcoin away to it's natural born enemy, "the state" and selling it out commercially for their own personal financial agenda and objectives. Much like MC Hammer or Vanilla Ice were accused of. Hey, "Let's give this kitten to the pitbull's." I wonder what Satoshi Nakamoto is thinking? Remember Bitcoin was created for equality, not for the rich to get richer, while gaining MORE control. Why even support BTC? It will become another version of USD if we are not careful.
However, COIN which is an ETF created by the Winklevoss twins is a Bitcoin oriented Exchange Traded Fund based on the WinDex market price of Bitcoin which is Winklevoss created. I believe in the concept completely, but I believe COIN should have been launched on Coinbase as their "second" investment product which would have helped in the "self regulation" of Bitcoin, not the "joint regulation". Coinbase has enough capital and support to do this and the Winklevoss twins are in bed with them. Their sole reason for listing on NASDAQ is to gain mainstream "investor" exposure and trap real whales or bag holders they so "urgently seek" to profit tangibily on Bitcoin. The twins cannot possibly sell off their BTC, it would kill it! They need to "cross out" of their position at equal pricing (both buyeseller) to keep the price stabilized the old fashioned way, the Wall Street way. They need new blood, new money. The 2 stooges own a total of 1% of all Bitcoin's mined, so new capital will allow them to "gently liquidate" their valuable holdings and convert them to USD. They do not believe in Bitcoin, they believe in capitalism and this is their EXIT strategy. By their doing, Bitcoin will now be sanctioned by a whole "new" set of rules outside of NYS. These rules will be enforced by FINRA and the SEC if the COIN ETF gets a NASDAQ listing, it is mandatory or the Winklevoss ETF cannot list and that is a fact. My reasoning, You cannot get half pregnant!
Without boring you with all of the stock market rules and regulations, upon COIN's listing I would have to believe any NYS/US Bitcoin related exchange and/or investment vehicle will eventually fall under strict FINRA/SEC federal regulation. NYS regulation will act somewhat like the Investment Advisory Act Of 1940 to govern states individually. FINRA/SEC regulation will cover the markets in general like other investments. We might see CFTC regulation enforced if ever Bitcoin is reclassified as a commodity. So it is important to understand they are going to enforce similar regulation to Bitcoin as they did FOREX, gold, and other precious metals in which the physical side is still the wild west. They want to enforce the sale of Bitcoin, so they can weed out some who have made bad decisions in the past which is about 50% of adult crypto. Restricting people who have a criminal past or securities related charges is a standard position taking on Wall Street for investor protection purposes. While they appear to be protecting the public, their white shoe friends will take over Bitcoin and sell it through all the major wire houses generating commission checks and capital gain tax for everybody!!! I see Bitcoin's future, I really do. It's gonna work well, but we will lose our foot hold as a community, It will just become another form of Paypal.
So my rant on regulation is simple. When the IRS classified Bitcoin as an asset everything was "retroactive". Let's say they impose federal regulation and do the same thing? We are looking at many crimes committed in crypto currency and many people going to crypto prison. My main objective of this post is to educate our youth on the future laws to come. Pump & Dump is "no longer" an acceptable term in crypto currency, it cheapens this technological innovation that will change our financial landscape as we know it yesterday. When an investment trades higher in value on Wall Street it's called a "price increase", "surge in value" or something of that nature. Please understand Yung Astronauts you were taught wrong, choose your words wisely. Become the good children of crypto currency and make more money developing the alt coin side of Bitcoin, it is "our" only hope for a future with anonymity.
Talk at cha'
Gordan @GordanCrypto
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Subreddit Stats: top posts from 2013-05-02 to 2013-06-01 00:16 PDT

Period: 29.56 days
Submissions % Comments %
Total 1000 47511
Rate (per day) 33.84 1522.53
Unique Redditors 658 6162
Upvotes 117878 81% 229648 76%
Downvotes 26426 19% 69920 24%

Top Submitters' Top Submissions

  1. 2205 pts, 37 submissions: IWillNotBiteYourDog
    1. Thank You, Bitcoin Community | Electronic Frontier Foundation (245 pts, 33 comments)
    2. How 23-year-old Charlie Shrem became a millionaire through Bitcoin (224 pts, 266 comments)
    3. With $1.5M Led By Winklevoss Capital, BitInstant Aims To Be The Go-To Site To Buy And Sell Bitcoins (140 pts, 49 comments)
    4. Bitcoin now outguns all of Earth's supercomputers (132 pts, 53 comments)
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    6. Should You Trade Bitcoin? An Expert View (106 pts, 88 comments)
    7. Why PayPal is bullish on Bitcoin (81 pts, 34 comments)
    8. [scam alert] Startup Company Cryoniks Ramping Up Production of its 1000 GH/s Bitmining Solution (76 pts, 11 comments)
    9. Government Will Be As Successful At Regulating Bitcoin As Its Been With File Sharing (73 pts, 38 comments)
    10. $1 billion in bitcoin was traded in April—16 times the previous record (69 pts, 3 comments)
  2. 1867 pts, 20 submissions: waspoza
    1. Coinbase Nabs $5M in Biggest Funding for Bitcoin Startup - WSJ (262 pts, 57 comments)
    2. Why Bitcoin will succeed - MarketWatch (226 pts, 136 comments)
    3. The Most Important Early-Stage Investor Of The Last 10 Years Just Made A Huge Bet On Bitcoin (224 pts, 27 comments)
    4. Why won’t Bitcoin die? (220 pts, 97 comments)
    5. Bitcoin will continue to function beyond the reach of government and law (177 pts, 40 comments)
    6. Peter Thiel & Founders Fund lead $2m funding round in BitPay (141 pts, 13 comments)
    7. Your Bitcoins Are Finally Worth Something | TechCrunch (127 pts, 107 comments)
    8. Bitcoin has a good shot at being the currency of the future (60 pts, 20 comments)
    9. A Hungarian company is about to launch an enterprise-class software product designed to make it easy for businesses to create bitcoin-enabled applications (60 pts, 1 comments)
    10. Bitcoin finding its feet at first Silicon Valley conference (54 pts, 1 comments)
  3. 1484 pts, 9 submissions: elux
    1. Bill Gates: "[Bitcoin] is a techno tour de force." Charlie Munger: "I think it's rat poison." Warren Buffett: "I think either Charlie or Bill is right." (669 pts, 348 comments)
    2. Bitcoin: This article is ranked 35 in traffic on en.wikipedia.org (365 pts, 43 comments)
    3. Three Million Milestone (163 pts, 31 comments)
    4. WSJ: The Weekend Interview With Gavin Andresen - Bitcoin vs. Ben Bernanke (89 pts, 19 comments)
    5. CNET | Winklevoss twins on Bitcoin: "Time to work with the Feds." (78 pts, 103 comments)
    6. LA Times: Bitcoin concept is gaining currency (42 pts, 5 comments)
    7. Avalon ASIC Batch #2 Unboxing (38 pts, 15 comments)
    8. Bitcoin Fund aims to make bitcoin investing easy (22 pts, 4 comments)
    9. BitcoinATM Presentation: The Demo (18 pts, 3 comments)
  4. 1379 pts, 3 submissions: circuitry
    1. ASICMiner USB mining farm (727 pts, 272 comments)
    2. Seems legit. (618 pts, 148 comments)
    3. ASICMiner's "official unofficial" Excel sheet has been updated with an estimated weekly pay-per-share column. It looks good. (34 pts, 24 comments)
  5. 1377 pts, 1 submissions: im14
    1. Thanks for bringing # of votes for Dropbox Bitcoin acceptance from 3,500 to 7,200, Reddit! However, we need at least 16,000 to get to first page! Please vote if you haven't done so yet. Thanks! (1377 pts, 121 comments)

Top Commenters

  1. ferroh (1674 pts, 340 comments)
  2. btchombre (1161 pts, 130 comments)
  3. theymos (1107 pts, 93 comments)
  4. throwaway-o (970 pts, 245 comments)
  5. 7trXMk6Z (921 pts, 256 comments)
  6. bitcointip (883 pts, 361 comments)
  7. TheSelfGoverned (804 pts, 254 comments)
  8. Lentil-Soup (721 pts, 269 comments)
  9. bitfan2013 (669 pts, 132 comments)
  10. ELeeMacFall (643 pts, 220 comments)

Top Submissions

  1. Thanks for bringing # of votes for Dropbox Bitcoin acceptance from 3,500 to 7,200, Reddit! However, we need at least 16,000 to get to first page! Please vote if you haven't done so yet. Thanks! by im14 (1377 pts, 121 comments)
  2. Dwolla no longer allowed to do business with MtGox! by Rassah (863 pts, 863 comments)
  3. PayPal shut my account down for giving away free bitcoins with purchases. by NikolaiRimskyK (847 pts, 171 comments)
  4. ASICMiner USB mining farm by circuitry (727 pts, 272 comments)
  5. Update: Over 6000 Fed by SeansOutpost (708 pts, 112 comments)

Top Comments

  1. 221 pts: hollando's comment in Dwolla no longer allowed to do business with MtGox!
  2. 218 pts: vuce's comment in Guys, really... Chill out.
  3. 154 pts: cunnl01's comment in My miner!
  4. 144 pts: gavinandresen's comment in Thank you Gavin!
  5. 144 pts: deleted's comment in Bill Gates: "[Bitcoin] is a techno tour de force." Charlie Munger: "I think it's rat poison." Warren Buffett: "I think either Charlie or Bill is right."
Generated with BBoe's Subreddit Stats SRS Marker: 1370070984.0
submitted by subreddit_stats to Bitcoin [link] [comments]

How the Winklevoss twins made billions from bitcoin Winklevoss Twins Become Billionaires Through Bitcoin Investment Winklevoss Twins Team Up With Bitcoin Futures - Cboe $9,000 Bitcoin Bullish BTC Winklevoss twins Predict Bright Future for Crypto Winklevoss Twins Invest in Bitcoin

The Winklevoss Twins knew that for Bitcoin, and therefor their millions invested in the space, to be a winner, they’d have to work tirelessly with regulators and financial institutions on education and building proper financial market infrastructure. Cameron and Tyler believed, being visionaries and first-movers in their own right, that this was required heavy-lifting if Bitcoin would ever ... The Winklevoss twins have come forward in favor of crypto regulation despite the recent price tank in the market. The billionaire co-founders of the crypto exchange Gemini, Cameron and Tyler Winklevoss (the Winklevoss twins) are also still hopeful for a quick market recovery.. Expressing their views in an interview with Fortune, they also discussed comparisons of Bitcoin to gold, believing ... Winklevoss Twins Cover Their Assets. According to most experts, lack of insurance and proper custody services are hampering the mass adoption of crypto assets. So, to address this issue, the Winklevoss twins launched a captive insurance company, Nakamoto, Ltd. (Nakamoto). The purpose of Nakamoto is to insure crypto assets covered by Gemini Custody. The Winklevoss twins —the founders of the regulatory compliant Gemini, are convinced the U.S. dollar is no longer a reliable store of value. Instead, their confidence is on Bitcoin. Gold and Oil as Store of Value Assets On Aug 27, the Winklevoss twins penned an article detailing why the digital asset may… Bitcoin investment requires time and patience as all things that grow. With faith in the system and a bit of luck, the Winklevoss twins, Satoshi and these other richest bitcoin owners had the perfect recipe for success. With enough time and proper investment strategies, anyone can reap the benefits of cryptocurrency. As the saying goes, fortune ...

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How the Winklevoss twins made billions from bitcoin

Winklevoss twins become first bitcoin billionaire. Enjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube. Bitcoin Investment Plan: Ride the Great Coming Wave 23,754 views. 1:04:30 . Winklevoss Twins Back in Social Network Game - Duration: 11:58. Wall Street Journal 11,542 views. 11:58. World's Most ... My Bitcoin Investment Strategy: Should You Buy Bitcoin & Other Cryptocurrencies? ... Winklevoss Twins: Bitcoin Could Go Beyond One Trillion Market Cap + Gemini.com Announcement - Duration: 3:29 ... The Winklevoss Twins have officially teamed up with Cboe to allow their Gemini trading platform to be used as part of the XBT index. Going from being the first self-proclaimed Bitcoin billionaires ...

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