Is anyone else starting to become a bit excited?

stockshares · 19-01-2021 02:23PM

Some here might be interested in this. Coinshares have a new Exchange Traded Product on the Swiss Exchange(SIX)
https://www.bloomberg.com/news/articles/2021-01-18/coinshares-is-starting-an-exchange-traded-bitcoin-product

It does not give the ISIN but the ticker is BITC. Ive searched on Degiro and there are a number of products that come up but without the ISIN I can't say for certain that's it's on Degiro atm.

Bob24 · 19-01-2021 02:32PM

stockshares wrote: »

Some here might be interested in this. Coinshares have a new Exchange Traded Product on the Swiss Exchange(SIX)
https://www.bloomberg.com/news/articles/2021-01-18/coinshares-is-starting-an-exchange-traded-bitcoin-product

It does not give the ISIN but the ticker is BITC. Ive searched on Degiro and there are a number of products that come up but without the ISIN I can't say for certain that's it's on Degiro atm.

I know it isn't a showstopper for most institutions and some individual investors will be OK to pay for the convenience of holding this with their usual stock broker, but every time I look at those products the management fees get me perplexed.

0.98% is more than double what a typical gold ETF would charge ... and you would think storing Bitcoin is much cheaper than storing gold. I am wondering if there are some hidden expenses for the fund which I am not thinking of, or if they are just making fat margins due to the lack of conpetition.

keane2097 · 19-01-2021 03:11PM

Bob24 wrote: »

I know it isn't a showstopper for most institutions and some individual investors will be OK to pay for the convenience of holding this with their usual stock broker, but every time I look at those products the management fees get me perplexed.

0.98% is more than double what a typical gold ETF would charge ... and you would think storing Bitcoin is much cheaper than storing gold. I am wondering if there are some hidden expenses for the fund which I am not thinking of, or if they are just making fat margins due to the lack of conpetition.

I imagine there's a lot of overhead in rebalancing when the underlying assets are so volatile.

banie01 · 19-01-2021 03:31PM

Nice jump by LRC and some profit taken.

maninasia · 19-01-2021 03:38PM

Dohnjoe wrote: »

Yet they went down 95%+ in less than a year.

I was lucky enough to get alts like Neo when it was Antshares, but they are the most risky assets in an already risky sphere. None of which are a "sure thing".

No they are not a sure thing. This is cryptocurrency.
The point is, in this likely bull run, they have plenty of legs in em as the idea is to buy low sell high and not the other way around.

These Alts are NOT the riskiest assets by a long shot.
They are top 50 coins with foundations and many developers behind them. Not all of these will flourish but even if one takes off out of these four you are talking about major major upside.

Bruno Mannheim · 19-01-2021 04:34PM

cnocbui wrote: »

With 68% of the market cap of all cryptos put together, Bitcoins dominance has not gone anywhere. Tone down the hyperbole.

obviously its still dominant, but the fall off I'm referring to is an indication of the start of an alt season

No need to be so sensitive

Bruno Mannheim · 19-01-2021 04:37PM

with a max supply of 682,550 gZil and they will all be fully allocated by around Oct 2021, I feel this one could be a $1000 value at some point

And its free at the moment when you stake Zil

Dohnjoe · 19-01-2021 04:50PM

maninasia wrote: »

These Alts are NOT the riskiest assets by a long shot.
They are top 50 coins with foundations and many developers behind them. Not all of these will flourish but even if one takes off out of these four you are talking about major major upside.

Ah I'm a skeptic

alts go from "great project, excellent team" to "****coin" very quickly, most are solutions to problems that don't exist. We had a discussion a good while back, I think e.g. Numeraire was one of the few projects that actually generates revenue without the need to flog it's own tokens/coins, but most just make money by selling their artificial tokens or "fuel" for whatever blockchain to clueless investors.

More than a few of the 2017 top 50 alts are no longer in the top 50 or even top 200 now. Almost half of the entrants are "new". For the alts there since 2017 most have lost a significant amount of value relative to BTC and Eth and their ATH

Here's hoping they rocket up, but fundamentally most of them (in my opinion) are dog****.

OEP · 19-01-2021 04:54PM

Dohnjoe wrote: »

Ah I'm a skeptic alts go from "great project, excellent team" to "****coin" very quickly, most are solutions to problems that don't exist. We had a discussion a good while back, I think e.g. Numeraire was one of the few projects that actually generates revenue without the need to flog it's own tokens/coins, but most just make money by selling their artificial tokens or "fuel" for whatever blockchain to clueless investors.

More than a few of the 2017 top 50 alts are no longer in the top 50 or even top 200 now. Almost half of the entrants are "new". For the alts there since 2017 most have lost a significant amount of value relative to BTC and Eth and their ATH

Here's hoping they rocket up, but fundamentally most of them (in my opinion) are dog****.

Alts are a complete and utter gamble really. Nothing wrong with that but I believe that's how they should be approached.

Bruno Mannheim · 19-01-2021 05:00PM

when you get used to the speed of some networks like DGB, XRP in moving crypto around and then you move BTC, its extremely frustrating the speed difference

This for me is why BTC will never be more of a store of value

Bob24 · 19-01-2021 05:13PM

Interesting chart below (source) ... I can't explain it but it looks like Greyscale had paused BTC purchases for about 20 days over the holiday period and has now restarted. Lets wait and see but this looks pretty bullish to me in terms of resuming the upwards trend.

Dohnjoe · 19-01-2021 05:19PM

The lifetime chart is ****ing terrifying to look at

https://coinmarketcap.com/currencies/bitcoin/

Bob24 · 19-01-2021 06:10PM

Dohnjoe wrote: »

The lifetime chart is ****ing terrifying to look at

https://coinmarketcap.com/currencies/bitcoin/

Almost a perfect fractal :-)

|
|
v

May 2013 to June 2017:

December 2016 to Jan 2021:

BrandonBay86 · 19-01-2021 06:30PM

Bob24 wrote: »

Almost a perfect fractal :-)

|
|
v

May 2013 to June 2017:

December 2016 to Jan 2021:

It’s as if there is some maths backing it up.

Grumpypants · 19-01-2021 07:20PM

Bruno Mannheim wrote: »

with a max supply of 682,550 gZil and they will all be fully allocated by around Oct 2021, I feel this one could be a $1000 value at some point

And its free at the moment when you stake Zil

What is the easiest way to stake Zil? I think I'll take a punt.

Dohnjoe · 19-01-2021 08:11PM

BrandonBay86 wrote: »

It’s as if there is some maths backing it up.

Herd psychology

BrandonBay86 · 19-01-2021 08:20PM

Dohnjoe wrote: »

Herd psychology

The herd knew it would happen too, phenomenal.

Same after the next halving in that case.

Dnxncofiruwvx · 19-01-2021 09:47PM

Grumpypants wrote: »

What is the easiest way to stake Zil? I think I'll take a punt.

Buy on Binance and stake on Zillet. As straightforward as staking gets I’ve found. Keep in mind once it’s staked it’s a two week waiting period to unstake.

dirk_dangler · 19-01-2021 10:44PM

Dont say you did not know when they moon .

Tether on dodgy ground, may not have the $$$ to back up Tether, being investigated by US gov, at same time US gov gives green light for stable coins.
Enter the big boys, old and intuitional money, and their stable coin of choice is Paxos, PayPal use Paxos as custodians of their crypto, Societe Generale,Credit Suisse and Instinet are beginning to use Paxos for settling U.S. securities trades.
Some equity trades that are now being settled on a blockchain system created by Paxos
Paxos will use Chainlink for Proof of Reserve data feeds that attest to the off-chain reserves backing PAX.
Huge for Chainlink, it will become the de facto way to show your stable coin is solvent.

China’s Blockchain-Based Service Network to Integrate Central Bank Digital Currency
coindesk.com/chinas-blockchain-based-service-network-to-integrate-central-bank-digital-currency
This is using Chainlink, a Chinese Government digital currency!!!!! as they say back up the truck and buy with both hands.

Now for a potential moonshot, the moon of Jupiter!
Large rise in BTC could be because of Biden and the Dems, good chance they will print $$$ till the cows come home, Dems in Cali want to tax people 3 years after they leave Cali, could similar be rolled out nation wide by Biden?
So how do you hide you money from the Dems, you can put into Crypto but It can still be tracked, so you can use Monero to hide your wealth, problem is i dont see big money trusting this.
Enter Suterusu, shield.suterusu.io/, you can use your ETH or ERC-20 token, transfer it with Suterusu and it cant be tracked, only you the sender will know where it has gone.
The potential here is huge, a total game changer, current Market Cap $5.5m, $0.003397 at the moment, volume up 20% in 24 hours as they just launched Suter Shield v1, well worth picking up a bag, could easily be a 100x if all goes well.

Dnxncofiruwvx · 19-01-2021 10:55PM

dirk_dangler wrote: »

Dont say you did not know when they moon .

Tether on dodgy ground, may not have the $$$ to back up Tether, being investigated by US gov, at same time US gov gives green light for stable coins.
Enter the big boys, old and intuitional money, and their stable coin of choice is Paxos, PayPal use Paxos as custodians of their crypto, Societe Generale,Credit Suisse and Instinet are beginning to use Paxos for settling U.S. securities trades.
Some equity trades that are now being settled on a blockchain system created by Paxos
Paxos will use Chainlink for Proof of Reserve data feeds that attest to the off-chain reserves backing PAX.
Huge for Chainlink, it will become the de facto way to show your stable coin is solvent.

China’s Blockchain-Based Service Network to Integrate Central Bank Digital Currency
coindesk.com/chinas-blockchain-based-service-network-to-integrate-central-bank-digital-currency
This is using Chainlink, a Chinese Government digital currency!!!!! as they say back up the truck and buy with both hands.

Now for a potential moonshot, the moon of Jupiter!
Large rise in BTC could be because of Biden and the Dems, good chance they will print $$$ till the cows come home, Dems in Cali want to tax people 3 years after they leave Cali, could similar be rolled out nation wide by Biden?
So how do you hide you money from the Dems, you can put into Crypto but It can still be tracked, so you can use Monero to hide your wealth, problem is i dont see big money trusting this.
Enter Suterusu, shield.suterusu.io/, you can use your ETH or ERC-20 token, transfer it with Suterusu and it cant be tracked, only you the sender will know where it has gone.
The potential here is huge, a total game changer, current Market Cap $5.5m, $0.003397 at the moment, volume up 20% in 24 hours as they just launched Suter Shield v1, well worth picking up a bag, could easily be a 100x if all goes well.

Curious why would big money trust Suterusu, a $5.5m moonshot, over Monero, a $3bn crypto heavyweight?

dirk_dangler · 19-01-2021 11:01PM

Bruno Mannheim wrote: »

no surprise, tether has stopped printing

afraid not, 400,000,000 freshly minted Tether
whale-alert.io/transaction/tron/beb341d45e8efcab4d8e20b8e6312b46d6da7b2a2e06a375b55d8c8f716fe2c6

dirk_dangler · 19-01-2021 11:10PM

Dnxncofiruwvx wrote: »

Curious why would big money trust Suterusu, a $5.5m moonshot, over Monero, a $3bn crypto heavyweight?

FBI and other law agencies world wide have Monero on the radar for illegal money laundering, i cant see old or institutional money using it, Suterusu on the other hand can be used with ETH or any ERC-20 token, the powers that be are not going to ban all ERC-20 tokens , so the best way to hide your transactions and keep them away from prying eyes could be Susterusu

stockshares · 19-01-2021 11:27PM

Bankless have put up an article on how to avoid fees using Loopring.
https://newsletter.banklesshq.com/p/how-to-avoid-gas-fees-with-loopring

Bruno Mannheim · 20-01-2021 12:38AM

Grumpypants wrote: »

What is the easiest way to stake Zil? I think I'll take a punt.

Atomic wallet is another option
Piece of p!55

Plus it has a few other options on there for staking and has crypto exchange options so lots under one roof

cherrytaz · 20-01-2021 04:40AM

dirk_dangler wrote: »

Dont say you did not know when they moon .

Tether on dodgy ground, may not have the $$$ to back up Tether, being investigated by US gov, at same time US gov gives green light for stable coins.
Enter the big boys, old and intuitional money, and their stable coin of choice is Paxos, PayPal use Paxos as custodians of their crypto, Societe Generale,Credit Suisse and Instinet are beginning to use Paxos for settling U.S. securities trades.
Some equity trades that are now being settled on a blockchain system created by Paxos
Paxos will use Chainlink for Proof of Reserve data feeds that attest to the off-chain reserves backing PAX.
Huge for Chainlink, it will become the de facto way to show your stable coin is solvent.

China’s Blockchain-Based Service Network to Integrate Central Bank Digital Currency
coindesk.com/chinas-blockchain-based-service-network-to-integrate-central-bank-digital-currency
This is using Chainlink, a Chinese Government digital currency!!!!! as they say back up the truck and buy with both hands.

Now for a potential moonshot, the moon of Jupiter!
Large rise in BTC could be because of Biden and the Dems, good chance they will print $$$ till the cows come home, Dems in Cali want to tax people 3 years after they leave Cali, could similar be rolled out nation wide by Biden?
So how do you hide you money from the Dems, you can put into Crypto but It can still be tracked, so you can use Monero to hide your wealth, problem is i dont see big money trusting this.
Enter Suterusu, shield.suterusu.io/, you can use your ETH or ERC-20 token, transfer it with Suterusu and it cant be tracked, only you the sender will know where it has gone.
The potential here is huge, a total game changer, current Market Cap $5.5m, $0.003397 at the moment, volume up 20% in 24 hours as they just launched Suter Shield v1, well worth picking up a bag, could easily be a 100x if all goes well.

Just picked up some Suterusu, can it be stored on MEW? Have a ledger and would be more comfortable taking it off the exchange (Kucoin)

Mellor · 20-01-2021 05:05AM

Bruno Mannheim wrote: »

with a max supply of 682,550 gZil and they will all be fully allocated by around Oct 2021, I feel this one could be a $1000 value at some point

And its free at the moment when you stake Zil

What's gZil? ELI5 if you don;t mind.

Just looking on Binance,
To buy 100Zil Zil it's:
€60EUR
$70USD
$100AUD

Why are the numbers so even and exact? Don't seem to match changes to the market price.
For info, current price around $0.072, which is €0.059, A$$0.093
USD is below cost, and AUD getting hit with a mark up.

I've only just started using Binance, tbh I don't know if I like it yet.

Irish_rat · 20-01-2021 06:57AM

gZil is the governance token so you can be part of the decisions on the network upgrades I presume.

This could rocket in price assuming zilliqa keeps its market cap over the coming year.

Bruno Mannheim · 20-01-2021 10:20AM

Irish_rat wrote: »

gZil is the governance token so you can be part of the decisions on the network upgrades I presume.

This could rocket in price assuming zilliqa keeps its market cap over the coming year.

exactly

the mc on it is 682,550 and they estimate they will be all distributed by Oct 2021

after that there wont be any more so you can either swap them for Zil on zilswap.io or hold them

imo they will be a lot more valuable than their current price and as they are given out for free when you stake, its a no brainer

DeSelby83 · 20-01-2021 10:53AM

Bruno Mannheim wrote: »

Atomic wallet is another option
Piece of p!55

Plus it has a few other options on there for staking and has crypto exchange options so lots under one roof

Probably a very still question but how much should you be staking, is a case of the more you stake the greater your return?

Dnxncofiruwvx · 20-01-2021 11:07AM

DeSelby83 wrote: »

Probably a very still question but how much should you be staking, is a case of the more you stake the greater your return?

Minimum ZIL required to stake is 10, and the reward is the same whether you have 10 or 10 million. Currently it’s running at around 15%, but this amount goes down the more ZIL is staked, to a minimum of 6% if 80% (I believe) or more tokens are staked.

Is anyone else starting to become a bit excited?

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