Tron founder Justin Sun confirmed BitTorrent rumors

Justin Sun has finally confirmed the rumours about BitTorrent and stated that $tron has successfully acquired BitTorrent and all BitTorrent products. That makes  $tron the largest decentralized Internet ecosystem in the world right now.

BitTorrent protocol retains its status as the world’s largest decentralized protocol, once transmitting 40% of daily Internet traffic. BitTorrent created and shaped the protocol, with 70% of BitTorrent users using the product.BitTorrent is the genesis of the decentralization movement.

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Shill Report: Suppoman – 5 Cryptos DESTINED for the Top 10 (17/07/2018)

In this episode we feature one of the biggest crypto shillers of all time, Suppoman himself.

If you’re annoyed by his loud voice, terrible singing, pathological narcissism and silly antics, fret no more. You can now skip watching his life-sucking videos and just pay us a visit for the few bits of actually useful information that he provides.

The reason we feature him is because in spite of his clear self interest and course shilling, he has a very large and loyal following that eats up his every word. If he shills a small enough project they have the ability to pump it up for a few days, so why not go along for the ride, and take their money. Just don’t get carried away and forget to exit before it all comes crashing down.

He is also well informed when it comes to new up-and-coming projects, so it’s worth looking into them a bit more closely, to see if there’s perhaps some more substance behind them than usually, for a more medium to long term investment.

In crypto, it’s all about getting in on the action as early as possible, even if it means having to listen to Suppoman’s annoying screaming to get some early tips. In order to limit the hearing damage to the crypto community, we are willing to sacrifice our own for the benefit of you lot, so you better send us some love over on Facebook.

Anyway, enough babbling, let’s get into it. Here’s what Mr Suppo was shilling in his video entitled 5 Cryptos DESTINED for the Top 10, published on 17/07/2018.

He actually used a new, more hearing friendly format for this video thank god, so feel free to watch it if you want to lose 15 minutes of your life that you will never get back.

On the other hand, if you value your precious time, this is what what he was shilling:

– Ethos #4

– Nano #3

– VeChain #2

– Ontology #1

– BONUS: Revealed in Udemy course (#Facepalm – Yes, he’s back at it, shilling his Udemy courses. But no need to waste your heard earned money. Based on what he said, we are 99.9% sure it’s Hashgraph.)

OK that’s it for this edition of saving your precious time. If you enjoyed this piece, be sure to show us some love and hit that like button over at our Facebook page and we’ll see you all very soon in the next installment of Shill Report.

Shill Report: CNBC CryptoTrader – Do the big Crypto fund managers believe this bounce? (16/07/2018)

Welcome to our very first “Shill report”, where we take a look at what’s being promoted by influencers and industry giants from the crypto land.

A very popular program on CNBC Afria is Crypto Trader hosted by Ran Neu-Ner. They get exclusive access to crypto’s top experts and we highly recommend you subscribe to their YouTube channel.

The show is quite long though and you may want to keep a pen and paper handy to keep notes for further research. Lucky for you, we’ve already done that and are sharing every last juicy bit of them below for free.

This was a really good episode full of potential crypto unicorns, so well worth your time if you’re searching for the next Bitcoin or Ethereum.

The text is not perfect, and we take no responsibility for any errors or omissions, so make of it what you will, and don’t forget to do your own research.

CNBC CryptoTrader: Do the big Crypto fund managers believe this bounce? Published 16/07/2018

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Travel, write reviews, get paid in crypto

Futourist, the first travel review platform based on Ethereum that rewards users for creating and curating travel reviews with blockchain tokens.
People are creating content for free and businesses generate massive amounts of revenue for displaying this content. Futourist is challenging this unfairness by rewarding all users for their work, from superstar influencers to everyday reviewers.

They will start building on top of an existing and working platform called
OpenHours. It generates more than 1 million monthly users which are perfect for proving the concept.

THE FUTURE OF REVIEWS IS VIDEO

In the era of Youtube, Facebook, Instagram, Twitch and Snapchat, the video is the clear winner of all online content types. The Futorist will be focusing on video reviews. A picture says a thousand words and video is composed of thousands of pictures.
The video is the future of information sharing, because of the speed and convenience of how the information is
created and perceived. And as a bonus, video reviews are trustworthy and hard to fake. You know.. “record it or didn’t happen”.
With Futourist, influencers will have a place to display and directly monetize their content. And through Futourist’s
internal social network, they will have the ability to spread awareness about their content and increase their social
reach.

WHY REVIEWS
Reviews are one of the most globally spread and helpful kind of information found online. There is a direct correlation
between review content and revenue of the business behind the reviewed object or service. Despite this fact,
reviewers are rarely rewarded for their contribution in any way.
Reviews have an enormous impact on people’s decisions when considering a business to buy services from. People
nowadays tend to trust reviews more than anything else. Research shows that online reviews are as powerful
as any personal recommendation.

BUSINESS BENEFITS OF REVIEWS
Statistics show, that positive feedback from reviewers has an enormous impact on business revenue and can boost
the sales up to 5 times.
• A one-star rating increase on Yelp leads to a 5 – 9% increase in businesses revenue
• Customers are likely to spend up to 31% more on a business with top reviews
• 67% of travelers said they are willing to pay more for a hotel with higher review scores

TOKEN DISTRIBUTION

  • 18% of tokens to cover future team members, advisors, and experts. This will help us build a solid team with years of experience crucial to Futourist growth.
  • 5% of tokens will be reserved for OpenHours platform. Already existing platform that will give them a huge advantage when kickstarting the project was developed by the OpenHours company, but furthermore,
    with 1 mio monthly users, our platform will be ready to launch a lot faster.
  • 25% of tokens will be available for the ICO crowdsale.
  • 7% tokens will be available for future partners
  • 45% of tokens for the Community and for future projects.
    In the first year of runway, Futourist will reward users with a large percentage of reserved tokens. These tokens will be given back to community in form of contest rewards, each with different token amount, time period and
    objective.

 

 

 

 

 

TOKEN CROWDSALE INFORMATION

TOKEN CROWDSALE START DATE
20TH FEBRUARY 2018

 

  • Total token supply: 1.000.000.000 FTR
  • Tokens in crowdsale: 350.000.000 FTR (35%)
  • Crowdsale threshold: 700,000€
  • Crowdsale hard cap: 5,600,000€
  • Price per FTR: 0.016€
  • Tokens accepted in ICO Ether (ETH)

Market cap
If there is a hard cap of 5,6 M € for 35% of the tokens that means a total market cap of the project will be worth around 16M in the beginning, this can easily go 10x times the initial token price when the project will be up and running.

Community 
The project isn’t hyped but has some recognition it has 7415 telegram members and 3785 twitter followers, it has a lot of local support. There is great involvement of community true rewarding community with FTR tokens for sharing awareness of the project. You can get involved here.

Team
The team is quite young but they managed to establish Sailbrace, an international brand with a 250% year-over-year revenue growth for the last two years. have They have partnered with field specialists as well and have the board of advisors from ICONOMI first Digital Asset Management Platform which are experts in running ICO and cryptocurrencies field.

 

 

The One Graph That No One is Paying Attention To

If we’re being honest for a moment, we were all mesmerized by the hockey stick shaped exponential growth charts in crypto token prices on CoinMarketCap.com in November and December of last year, and for some strange reason we all thought the party would never end.

Recently however, we’ve been brought back down to Earth with a persistent and relentless downturn in prices, which even the granddaddy of them all, Bitcoin has not been immune from. So what’s going on here? Why is this happening?

First a little history lesson. After every boom there is always a bust. Always! The early investors always profit from the late investors. It’s that simple.

We don’t even have to go that far back to remember what happened to property prices and the economy as a whole less than 10 years ago. And this time it will be no different, trust me. Only in crypto-land it will take place much, much faster. In fact it’s already here, since the recent drop in prices is no ordinary “correction” and here’s why:

“Buy Bitcoin“ search volume on Google Trends.
“Buy Bitcoin“ search volume on Google Trends.

The only reason the prices of crypto tokens were going up like crazy throughout November and December 2017 was because there were tons of new buyers pouring in by the hundreds of thousands every single day. Bitcoin and other cryptocurrencies were the most talked about subjects on TV and at dinner tables across the word. But guess what? As the above chart shows, this is no longer the case.

The interest in Bitcoin has dropped very significantly after the new year and as the prices began to fall, new buyers were were no longer interested and this precipitated a further fall in price, which motivated “hodlers” to start selling. Here’s a quick chart to explain basic market psychology, that has proven true time and time again.

 

Classic market bubble chart
Classic market bubble chart

And now ask yourself, do you see any similarities between the two charts above! Do you think history is about to repeat itself?

1 Year Bitcoin Chart 1st Feb 2018.
1 Year Bitcoin Chart 1st Feb 2018.

Since its all time high price of $19,909 on 17th December 2017, Bitcoin has lost almost half of its value and now the altcoins are feeling the pain too, with most of them loosing around 30-50% recently. Many new entrants into the crypto market have bought at all time high prices and have suffered devastating losses. Their stories of financial ruin will scare away many new investors and a bear market is now likely to follow. Keep in mind though that this “crypto-bear” won’t last as long as it does in traditional markets.

It’s moments like, when all hope seems lost, and when prices are in what seems like a perpetual free-fall,  that will define you as the investor in the crypto economy. Are you a true believer in the blockchain revolution or did you just come along for the quick buck?

If you are the first, you will see this as a huge opportunity to add to your positions, whereas on the other hand, if you are the latter, you will run like the wind, until the next hype phase comes back. You will of course have missed the big opportunity and will again place yourself in a weak position by buying late.

Remember what Warren Buffett, one of the most successful investors of all time has said:

“Be fearful when others are greedy, and be greedy when others are fearful.“

This is not financial advice. Always do your own research. If you need help with the technical aspects of trading, please don’t hesitate to get in touch. We offer one on one consultations at very competitive rates.

Will Tether burst the Bitcoin bubble?

Teather is unique cryptocurrency, it’s like a bridge between crypto and fiat. The idea behind Tether is for every 1 Tether that exists there is 1 USD to back it up, sitting in reserves somewhere in Tethers bank accounts, always ready to be redeemed at  1:1 ratio.

This makes Tether basically digital cash bypassing financial institutions and regulations, money build for internet is perfect for traders and individuals trading cryptocurrencies, exchanges, and blockchain companies.

So far so good, but here is the tricky part, they started to print a lot of new Teather without proof of US dollar backing it. If in the near future it is found out that the newly printed tether doesn’t have 1:1 USD backup there will be a major problem.

How can this effect Bitcoin and crypto market?

Tether sends minted USDT directly to Bitfinex. While it’s unclear what exact transactions take place with them after, what was observed is that once these USDT enter the Bitfinex exchange, the price of bitcoin jumps, as has happened multiple times recently. That means it’s likely the new tethers are used to buy bitcoin. As demand for bitcoin surges, its price goes up, investors see that and want to get in on it, more bitcoin is bought, and the cycle continues. If there is no real USD backup of Tether these prices are pumped artificially. That means that when people find out about that there will be a massive dump in a price ob bitcoin from 30 – 80% and the whole crypto market will be crashing as well.

 

Bitfinex and Tether are essentially sister companies with overlapping ownership between the two

It was confirmed via the Paradise Papers — confidential electronic documents relating to offshore investments that were leaked to the public in Nov 2017, that Bitfinex and Tether are essentially sister companies with overlapping ownership between the two.

This confirmed long-held suspicions that a relationship between the two existed because whenever new USDT is printed out it is often sent straight to Bitfinex.

Summary of Tether investigation report

  • Author’s opinion – it is highly unlikely that Tether is growing through any organic business process, rather that they are printing in response to market conditions.
  • Tether printing moves the market appreciably; 48.8% of BTC’s price rise in the period studied occurred in the two-hour periods following the arrival of 91 different Tether grants to the Bitfinex wallet.
  • Bitfinex withdrawal/deposit statistics are unusual and would give rise to further scrutiny in a typical accounting environment.
  • If there is questionable activity, the author believes a 30-80% reduction in BTC price could be forecast.

How to get ahead of the crypto game

If you are new to crypto or just gathering more info to get ahead of the game this article is for you!

First thing first, first you have to gather info, best way is to get on social media like Twitter, Telegram, Facebook, Steem
then go register on forums like BitcoinTalk and Reddit

Follow influencers on Youtube

Read whitepapers of the projects, or at least onepagers (short wersion of WP)

Then you have to evaluate the project, this is my evaluation process:

  • Innovation  1-10
  • Value of the project in real-world use case 1-10
  • Progress of the project / Road map 1-10
  • Buissnies sector (market worth) (needs for the project) (competition) 1-10
  • Price, circulating supply – max supply, 24h volume, market cap 1-10    https://coinmarketcap.com
  • Team 1-10
  • Community 1-10
  • Google search 1-10

Then do the technical analysis when is the right time to enter the market, and remember :

“Be fearful when others are greedy, be greedy when others are fearful”

Do through investigation, this is your money you are putting on the line, and remember only invest money you are willing to lose!

This is not a professional advice, it’s my personal opinion, and I don’t encourage anyone to invest in cryptocurrencies.