Smart Options https://smartoptions.io Trade. Invest. Crypto. Mon, 19 Feb 2018 11:27:57 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.4 130401912 #BTFD – Three Scuba-Diving Great Coins To Pick Up Right Now! https://smartoptions.io/btfd-three-scuba-diving-great-coins-pick-right-now/ https://smartoptions.io/btfd-three-scuba-diving-great-coins-pick-right-now/#respond Mon, 19 Feb 2018 09:10:13 +0000 https://smartoptions.io/?p=4909 The market took a severe nosedive this year. BTC was breaking down to 6K – altcoins went scuba-diving. BTC recovers slowly into the direction of 12k – altcoins get hit by the flying fist of Judah again.  Especially for traders new to cryptocurrency trading, it is hard to develop trust in the belief that these markets will ever discover. The Damocles sword of a possible bubble is hovering over our heads and make us hesitate to enter a position. But if we believe in this technology and if we believe in the long-term outlook for some serious blockchain projects, it is actually…

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Disclaimer

This article is for educational purposes only. We are no financial advisors. Do not make investment decisions based on this informations. The information provided from Smart Options is for informational purposes only. It should not be considered legal or financial advice. You should consult with a financial advisor or other professional to find out what may be best for your individual needs and risk tolerance. Please do your own research and let never anyone trade for you. Please read this disclaimer and leave the website if you disagree with it.

The market took a severe nosedive this year. BTC was breaking down to 6K – altcoins went scuba-diving. BTC recovers slowly into the direction of 12k – altcoins get hit by the flying fist of Judah again.  Especially for traders new to cryptocurrency trading, it is hard to develop trust in the belief that these markets will ever discover. The Damocles sword of a possible bubble is hovering over our heads and make us hesitate to enter a position. But if we believe in this technology and if we believe in the long-term outlook for some serious blockchain projects, it is actually a great time to pick up legit coins and stake some of them for the upcoming better times, aka the next altcoin season (which we and many knowledgeable sources expect to happen in March).

Let’s pick some nice coins and hodl!

#1 Cardano $ADA

Cardano is a blockchain technology designed to build a new decentralized economy and democratize financial markets in emerging markets. Cardano enables a cost-effective, secure and scalable creation and execution of distributed applications and contracts.

The Cardano project is expected to set itself apart from many others in the industry: it is open to the need for regulatory oversight while maintaining privacy and consumer protection through innovative software architecture.
The project and development team consists of a large number of well-known names in the blockchain and finance industry. If the promises can be kept and the roadmap initiates further steps in the near future, this coin can make its way into the crypto world.

$Ada took a hard hit with the recent forth and back of Bitcoin and the falling wedge is nearing an excellent buy zone with strong support and massive upside for the coming months. The blue box is the buy zone.

Price @ time of writing: 0.00003476 sat
Current price:   ( )

New Economy Movement $XEM

NEM is a “smart asset” blockchain. The Blockchain project is designed to provide very efficient and secure ledgers, as opposed to other technologies, that deliberately address the business context as well. NEM comes with an API (programming interface) that can be addressed in any programming language. This makes it possible to create very flexible and modular applications based on NEM. The biggest concern about $nem is that it is no privacy coin, it is 100% traceable.

The recent $NEM robbery on a big Japanese exchange gave the coin a hard hit along with the BTC situation it recently broke huge support and dropped hard further. Since the project has much in the oven and tons of possible use-cases for the future, it might be a good pick and trades already in the buy zone (blue box).

Price @ time of writing: 0.00004806 sat
Current price:  ( )

Stratis $STRAT

Stratis is a blockchain-in-the-cloud project to put it in a nutshell. $Strat is a cryptocurrency that can be used on their own Stratis crypto platform. This allows transaction fees to be paid and stored as an asset. In total, $ 98,519,256 are in circulation on the market. Currently, the market capitalization is around $ 350 million and has a daily trading volume of approximately $ 5 million (as of mid-October 2017). On Stratis’ platform different programs and applications can be programmed and implemented on the Blockchain – for example, you can run ICOs on it. The first has just started, and much more are to come soon. Coded in C# the platform is pretty interesting to developers. There is also an API connection to a cloud hosting platform where developers can use the .Net framework to develop open source projects. This makes Stratis a great tool on the market – especially for experienced developers, as it offers many possibilities and a secure environment to develop in.  The fundamentals for Stratis are also pretty well, with the upcoming smart contracts solution for .Net devs, the Sidechains Alpha & the Identity iOS App.

After starting quite a small rally into the 200k direction but stopped by the Bitcoin dump. Now it is nearing a zone which has acted as strong resistance before and should serve now as solid support.

Price @ time of writing: 0.00084441 sat
Current price:   ( )

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HODL THAT! #9 – [NEO AIRDROP] We Will Take The Green Pill… https://smartoptions.io/hodl-9-neo-airdrop-take-green-pill/ https://smartoptions.io/hodl-9-neo-airdrop-take-green-pill/#respond Wed, 14 Feb 2018 12:16:20 +0000 https://smartoptions.io/?p=4882 In this issue of HODL THAT! we are going to take a look at NEO. After being hit hard by the recent dump fest, it has hit our buy zone, currently ranging from support levels. The community is split about NEO: many think it is Asian Ethereum, while some think it is an overhyped blockchain, based on garbage code. There are always many rumors around NEO – again and again.  The bottom line of those is most often, that NEO is the Chinese governments favorite domestic crypto project and it is regularly in the talk if it could be the default – or…

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Disclaimer

This article is for educational purposes only. We are no financial advisors. Do not make investment decisions based on this informations. The information provided from Smart Options is for informational purposes only. It should not be considered legal or financial advice. You should consult with a financial advisor or other professional to find out what may be best for your individual needs and risk tolerance. Please do your own research and let never anyone trade for you. Please read this disclaimer and leave the website if you disagree with it.

In this issue of HODL THAT! we are going to take a look at NEO. After being hit hard by the recent dump fest, it has hit our buy zone, currently ranging from support levels. The community is split about NEO: many think it is Asian Ethereum, while some think it is an overhyped blockchain, based on garbage code. There are always many rumors around NEO – again and again.  The bottom line of those is most often, that NEO is the Chinese governments favorite domestic crypto project and it is regularly in the talk if it could be the default – or even only allowed – platform to carry out ICOs in China. But we put the bla bla aside and focus on what we have for real.

Besides all those unconfirmed rumors, there is a strong fundamental around the coin founded by Da Hongfei. NEO will issue an airdrop for ONT tokens – and the great thing is, that this news is officially confirmed.

About the free ONT tokens:

Ontology is a next-generation multi-chained public chain infrastructure platform initiated by Onchain, a leading blockchain technology company in China. It is also a common platform that supports a decentralized trust ecosystem.

Ontology has provided 20 millions of its token to the NEO Council – and those pay it forward to the NEO holding community. Here are the facts for the airdrop:

  • For each NEO you hold, you will get 0.2 ONT, while you will receive firstly only 0.1 ONT.
  • 50% of the airdrop will be received and tradable right away (0.1 ONT per NEO), the other half will be locked until the Ontology MainNet has been released in Q2 – you can then claim this 50 % (again 0.1 ONT per NEO at time of the snapshot) there.
  • The snapshot for the airdrop will be taken at block height 1974823, which will be probably on March 1st, 2018, around 5:00 am PST. Check the NEO Tracker to find out at which block we are right now.

The Trade

The news seems to be not yet priced in with $NEO against USDT, and it is still near enough to the support zone to be a good profitable trade. In a nutshell, we have the verified news, which is likely to impact the price positively and an undervalued price of the coin – this is the magic mix we need for a HODL THAT! If you are happy to get some ONT you can keep your NEOs until the airdrop, if you are a day trader looking to increase your equity you should make use of the old rule “Buy the rumor, sell the news” and sell your NEOs before the airdrop.

Please note this setup is only valid against USDT or USD, not against BTC

Our Entry: We look for an entry >100 USDT
Current Price:
  ( )
Exchange: Binance (pays $GAS for holding $NEO)

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Bitcoin.Tax – Declaring Tax on Cryptos in the U.S. https://smartoptions.io/bitcoin-tax-crypto-usa/ https://smartoptions.io/bitcoin-tax-crypto-usa/#respond Tue, 13 Feb 2018 21:30:43 +0000 https://smartoptions.io/?p=4873 Oh yes, how we all love it, that cozy winter time when you have nothing better to do than to file your taxes. There are precisely two kinds of people on this earth when it comes to taxes: one that makes that tax stuff with ease and the other that want to kill their declaration paper with fire once they sit in front of it. Especially when you are a day trader in the US, it can become a real pain. An endless stream of painful hours and hours and hours. Some time ago, we recommended our favorite crypto portfolio tracker and…

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Oh yes, how we all love it, that cozy winter time when you have nothing better to do than to file your taxes. There are precisely two kinds of people on this earth when it comes to taxes: one that makes that tax stuff with ease and the other that want to kill their declaration paper with fire once they sit in front of it. Especially when you are a day trader in the US, it can become a real pain. An endless stream of painful hours and hours and hours. Some time ago, we recommended our favorite crypto portfolio tracker and wrote an extra post about its tax preparation abilities. However, some of you have already chosen a portfolio tracker and just want the option to export trades to TurboTax. TaxAct or simply present your tax advisor a convenient file instead of a messy list of unordered trades.  We found a very nice solution for you: Bitcoin.tax – Let us explain what it is and how you can work with this tool.

Firstable, if you are below 100 trades per annum, you are perfectly fine with the free version of Bitcoin.tax – that’s pretty generous as many of the more hesitant traders can quickly get their tax stuff done without paying a dime!

Bitcoin.tax offers a lot of bang for the buck:

  • You can choose from different cost-basis methodologies, including FIFO, LIFO, and average costing, as well as comparing like-kind treatment.
  • You can create a Capital Gains Report, which shows each transaction’s cost basis, sale proceeds, and gain.
  • If you are a miner, you can generate an Income Report for the calculated mined values.
  • And of course, you get a closing report to present your net profit and loss, as well as the cost basis report.
  • The capital gains report can be imported into tools like Turbotax or Taxact. Turbotax even offers an add-on, which reminds to a “Tax Audit Insurance” for just $45  (for the faint-hearted). It is called audit protection service and makes Turbotax taking care of your case if you are audited.

If you think now, “I just hodl my cryptos, didn’t convert back to fiat -> smart me has not to declare anything!” – we have to put you down, as you are not only taxed when cashing out to fiat. Thanks to god-like Trump you are now taxed as a percentage of your realized gains!  Means Uncle Sam officially owns a %  of your direct profits each and every time you sell a coin or token in profit.  But it gets even better – imagine you sell your $XLM after a cute 50% profit, and you then decide just to hold your freshly converted Bitcoin – yes, the worst thought that just came up is right –  the $ – gains made by hodling BTC are taxable as well. You are literally f#cked over the table back and forth. And you should not postpone that process as an amended return is something you don’t want to go through. Only death and taxes…

How to use Bitcoin.tax?

To make use of the platform you have to log in to your exchange and export your trades. For example, with Bittrex you open up your order history page and click on “LOAD ALL” below the completed headline. This will generate you a CSV file and download it to your computer. Open it with Excel or Numbers and remove all the items before and after taxable year.

To get the needed .txf file for Turbotax, you now upload the file into Bitcoin.Tax (you also can use the API connection, though it is a bit tricky as you have to implement Google Authenticator first to your account).  Once uploaded you head to Reports & Export -> Download -> Turbotax CD/Download. You should get now that needed .txf file.

Now open Turbotax and visit the Feder Taxes section. Look for Wages & Income -> Investment Income -> Stocks, Mutual Funds, Bonds, Other. Confirm that you have a 1099-B and upload the generated .txf file. That’s it – with the help of Bitcoin.tax and Turbotax you should now have everything needed ready. Man, that was pretty quick. If you are still unsure about doing this yourself, the Bitcoin.tax website has also a section, which recommends tax accountants, who know about crypto and can help you with their competence – a convenient place for everyone that is in search for bitcoin/crypto tax professional (those are still pretty rare).

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[Coincheck] …And What About ARDOR ($ARDR)? https://smartoptions.io/coincheck-ardor-ardr/ https://smartoptions.io/coincheck-ardor-ardr/#respond Mon, 12 Feb 2018 21:46:06 +0000 https://smartoptions.io/?p=4862 There is a history of next level developments, behind Ardor that stems from NXT ($NXT)- a blockchain available for public and private use, with a five-year history, proven technical stability, a healthy community, and a well established proof-of-stake model. Ardor launched in 2016, making it one of the first Blockchain-as-a-Service (Baas) programs, along with IBM’s Hyper Ledger and Microsoft’s Azure. The purpose of a progression Ardor was to use the solid foundation of NXT while solving the NXT issues of a single token, blockchain bloat, and lack of customizability. The NXT platform provides Ardor the capacity for creating vital, structured transactions.…

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There is a history of next level developments, behind Ardor that stems from NXT ($NXT)- a blockchain available for public and private use, with a five-year history, proven technical stability, a healthy community, and a well established proof-of-stake model.

Ardor launched in 2016, making it one of the first Blockchain-as-a-Service (Baas) programs, along with IBM’s Hyper Ledger and Microsoft’s Azure. The purpose of a progression Ardor was to use the solid foundation of NXT while solving the NXT issues of a single token, blockchain bloat, and lack of customizability. The NXT platform provides Ardor the capacity for creating vital, structured transactions.

A view words about NXT

NXT offers the ability to be used for monetary systems (i.e., for creating social coins), asset exchanges,  data cloud to manage digital storage,  voting systems,  smart contracts, conditioned (phased) transactions and encrypted messaging – a blockchain that has pretty much much to offer. With the recent IGNIS airdrop, NXT has sawn an explosive growth – with a dramatic dump afterward.

Key Aspects of Ardor

Ardor has been built on the NXT technology but is here to solve the blockchain bloat problem by dividing NXT into a forging chain and prunable childchains. Some additional features ARDR has to offer is the option to for the creation of a real DAO (decentralized autonomous organization,  POS consensus with Childchains and allows “forging”. ARDR is the parent chain token of the platform, and each child chain has its own token.

IGNIS, which gathered $15 M by an ICO on the NXT platform has been recently distributed as airdrop for NXT holders. Ignis is the first childchain of Ardor. Ardor is wholly built in Java and offers a well made, versatile wallet.

Important Background Details for ARDOR Investors

  • Since launching, the Ardor has been a fan favorite in the coding community but has not built much of the hype that other, very similar products have created. The features that Ardor already employs are precisely what some other coins, such as Lisk, Ethereum, Stratis, and Waves are still working on implementing.
  • There is significant competition for DAO platforms like these, but few have the established history of the Ardor/NXT relationship. It’s clear that the major focus here is on the product and its functionality, but at some point, the lack of marketing and public face could become a major pitfall.
  • Childchains compensate for the issues of “blockchain bloat.” These enable transactions of like items to be “bundled” and moved together. Utilizing Ardor’s BaaS, a given business will have all their transactions on their own chain. These transactions fees are incorporated as the childchain token, rather than the native coin – i.e. being charged ARDR – similar to a fee of ETH or gas for a transaction. As the network grows and diversifies, this distribution allows for the possibility for global scaling.
  • IGNIS is basically a template for individuals or businesses to quickly adopt the Ardor ecosystem and benefit from its capabilities. Developers with just basic HTML, CSS or .js skills can build on it, which offers a wide array of opportunities.
  • Example uses cases are:
    – Co-ownership of property
    – Decentralized Crowdfunding
    – Retail (such as vouchers for limited supply items)
    – Venture Capital
    – Forging is the NXT blockchain’s equivalent of mining.
    – Creates blocks consisting of Ardor transactions.
    – Collects fees from bundlers and from Ardor transactions
    – Minimum forging Ardor balance – 1000
    – Can choose to exclude transactions from their block.
    – Controls the order of transactions in their block, default is based on transaction arrival timestamp.
    – Fees are fixed, based on transaction type, cannot be changed

Social Networks to join if you are interested in ARDOR:

~ 6200 [Reddit subscribers]Visit ARDOR at Reddit

~ 65700 [Twitter followers] Visit ARDOR at Twitter

~ 2100 [Facebook likes] Visit ARDOR at Facebook

~ 1800 [Telegram members]Visit ARDOR at Telegram

An Investor’s View on ARDR

Fundamental-wise there is a positive outlook of a listing on Binance exchange in 2018.  ARDR has a low market cap with $524,92 M USD, but the circulating and total supply of almost one billion is very high and diminishes the possible earnings outlook.  Interesting is that ARDR has recovered ~17% since it’s lowest dip on February 10th (as of February 11).

Ardor is an organization built for long-term sustainability. Their commitment to the development aspect is crucial to maintain the highest level of security and keep up with the rapid pace of the blockchain space.

Their timeline shows an importance on childchains for the coming years. In this way, a kind of second-hand advertisement will always be coming their way.  New ICOs developed on their platform NXTs, or IGNIS will always draw attention between all three entities and might raise the price for shorter timeframes.  Right now ARDR trades at   ( ) and had an all-time high of 0.0002 sats, so there is much room on the upside.

 

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“Is The First Litecoin Hard Fork A Scam, Sir?” | Interview with LitecoinCash Dev Tanner https://smartoptions.io/interview-litecoincash/ https://smartoptions.io/interview-litecoincash/#comments Fri, 09 Feb 2018 12:37:32 +0000 https://smartoptions.io/?p=4846 A few days back we published a piece about the first Litecoin hard fork “LitecoinCash” and, oh boy, we have been grilled for that. Due to the not yet confirmed support of exchanges and existing Litecoin wallets, the LCC team describes a way of claiming the free coins on their website by the use of their wallet – which needs the private key. As one should know, you never put the private key into any other places like website or wallets, and as Crypto is nowadays wild west, the concerns of the community are not baseless. However, as we researched the…

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Tanner, Development Lead of LitecoinCash
Interview with Tanner, Development Lead of LitecoinCash

A few days back we published a piece about the first Litecoin hard fork “LitecoinCash” and, oh boy, we have been grilled for that. Due to the not yet confirmed support of exchanges and existing Litecoin wallets, the LCC team describes a way of claiming the free coins on their website by the use of their wallet – which needs the private key. As one should know, you never put the private key into any other places like website or wallets, and as Crypto is nowadays wild west, the concerns of the community are not baseless. However, as we researched the topic, we found several facts that made us think LitecoinCash is not a scam, but a team of knowledgeable nerds with profound mining experience and some kind of unfortunate marketing issues. While the slightly hysterical reaction by the community is understandable, we think it is important to stay grounded, take a deep breath and sober look at the facts to provide a balanced view – and we think it is just fair to give LitecoinCash a voice to clear the air. So, we sat down with Tanner, the development lead of the Litecoin Cash Team,  and asked them all the uncomfortable questions…

SmartOptions.io: Hello Tanner, thank you for taking the time to answer some questions. I think we should start with some basics to understand the history of LitecoinCash. Please explain how the idea for LCC was born. The purpose of an SHA256 mineable coins sounds somehow nuts nowadays.

Tanner [LitecoinCash]: Looking through the CoinMarketCap front page, we were really surprised that there were so few choices for SHA256 miners.

We couldn’t find a single coin that uses SHA256 while having fast block times and an effective retargeting algorithm, and that was very interesting to us. Wherever you weigh in on SHA256 vs Scrypt, you can’t deny there’s a whole lot of SHA256 mining hardware out there.

At the moment, those miners have extremely limited choices for where to send their hashpower; realistically, it’s going to be Bitcoin or Bitcoin Cash. In both cases, there are inconveniences. Blocks are slow. Difficulty retargeting, while improved in Bitcoin Cash, is not great.

There seemed to be a niche to be filled. While there is no point creating a coin just for miners, it’s true that what’s good for miners is good for the network, and good for everyday use. Bringing together the best ideas from different places, including Evan Duffield’s DarkGravity difficulty adjustment, creates a really practical coin for trade and everyday use, with enough benefits to attract SHA256 miners.

Community engagement is essential. We realised that a new, viable SHA256 option could encourage people with older generation SHA256 hardware that’s no longer capable of mining Bitcoin to dust off their rigs, which would help to create momentum for the project.

Given the above, we thought it would be great to have a large and well-distributed money supply from launch. We really don’t like the concept of doing an ICO, whether airdropping free coins to anyone who wants them or encouraging people to buy them.

We realised that what we really wanted was a mature, widely-spread distribution. And what better way to get that than to use a few years of blockchain from a popular coin?

Whether it’s for a quick profit or because they’re genuinely bringing something new to the table, everybody is forking Bitcoin, and the market has become saturated with Bitcoin forks. However, they have taught the market how hard forks generally work, and what to expect. Not to mention, while we want a wide distribution, we don’t feel the need to have 140Gb of it!

It seemed an obvious choice to look to Litecoin for our initial distribution.

Suddenly, this thought process had led to a SHA256 fork of Litecoin – which admittedly does sound nuts! The perverse cosmic joke of that only attracted us to the idea even more.

SmartOptions.io: Fast transactions and micro fees – that sounds almost too good to be true. How do you want to achieve those high goals?

Tanner [LitecoinCash]: Litecoin’s 2.5 minute block target is great and allows for fast transactions. The issue is the difficulty adjustment, which leads to that target block time not being met very accurately. This can be nicely demonstrated by the countdown to our fork block on our website, which has slipped over 6 hours earlier over the last few days, and is now looking like being Sunday evening instead of Monday morning!

All this is because Litecoin’s mining difficulty is only adjusted every 2016 blocks. This means the network can’t deal very effectively with rapid changes in available hashpower. We address that by using DarkGravity, which adjusts the difficulty target every block to give more consistent block times however much hashpower is available on the network.

Cutting transaction fees is a sweetener to encourage day-to-day usage, which of course is good for the whole community.

SmartOptions.io: We wrote about your hard fork and got many emails why we are supporting this “scam”. We also have been banned from some few Reddit groups for posting the link to our article. We are still confident that this assumption is wrong and think people smell a scam here due to multiple factors. The first point of critique is that you need to import your private key into your wallet, which is a no-go for the most. Why don’t you offer other possibilities to claim the coins?

Tanner [LitecoinCash]: Bringing a hard fork to Litecoin puts us first in the space and with that comes a great opportunity (even responsibility) to educate users.

At every step, we encourage “safe forking”. The golden rule is that you never, ever use a private key that holds live coins to claim fork coins — including ours! After the fork block, the very first thing you do is move your Litecoin to a new address, so that the private key which held your coins during the fork is now worthless on the Litecoin network. That key, worth zero Litecoin, is what you import into the Litecoin Cash wallet to claim your coins.

There will be Litecoin forks that are scams. I absolutely understand why people are screaming “scam!”. If absolutely nothing else, we’ll be the “tutorial level” for the Litecoin community, because we’re adamant that we’re going to teach people how not to get scammed.

Yes, the ideal solution is for exchanges to automatically credit LCC based on LTC balance at the fork block, and we are in active discussions. Yes, it would be absolutely wonderful to have some better advice for Ledger users than “send your coins to a desktop wallet just for the duration of the fork” (see our website for more detailed Ledger info). Again, we’re in discussions there. You can help by adding your voice! Contact your exchange or hardware wallet provider and ask when they’ll be adding support for Litecoin Cash

SmartOptions.Io: That makes sense, so we take that you need the support of exchanges to offer other opportunities (without the use of a private key) to claim the coins.  On another note,  the marketing leaves questions open and raised some eyebrows. No real whitepaper, the “unauthorized” use of the name Litecoin, the name that reminds of another unpopular hard forked coin (Bitcoin Cash). Can you understand that the summary of these points leaves the crypto community, let’s say skeptical?

Tanner [LitecoinCash]: Oh, absolutely. We’re claiming no association with or connection to the Litecoin dev team, apart from being fans (and the fact that we’ll share 1371111 blocks of transaction history). For the record, we’re not connected to the BCH guys either.

Litecoin Cash isn’t intended to attack Litecoin in any way. Before the first Bitcoin hard forks, it was unclear whether both blockchains would survive or one would be killed off. Some BTC forks were launched aggressively with the intent that they would displace or even replace Bitcoin; some were launched with explicitly complementary intents and no desire to dethrone the parent coin. We’re very much in the latter category. Remember the origin story of Litecoin itself, an experimental code fork of Bitcoin that turned out great.

As to the name itself, the LCC team understands the knee-jerk negative reaction. However, it’s become customary in recent months to prefix the name of a blockchain-level fork with the name of the coin you’re forking from. I’m not saying that’s an ideal situation, but it’s a convention that has formed very quickly. What we do like is that it’s instantly understood: “Litecoin Cash? Oh, must be a Litecoin fork.”

The specific choice of “Cash” is very bold. There were three reasons behind that. The symmetry was nice; the first BTC fork was Bitcoin Cash. The sheer poke-the-wasp-nest effect does appeal to the team’s collective sense of humour, in the same way that forking Litecoin and making it SHA256 does. I think there’s value in branding that has some inherit crooked humour in it if you look at it a certain way, without going out-and-out meme based or being too obviously “funny”.

The final reason for the “Cash” is really the most brazen. Googling around shows many things named “Litecoin Cash” that are not us. Here are a few:

https://twitter.com/ltccash?lang=e

https://github.com/litecoincash/LitecoinCash/tree/master/litecash

http://litecoincash.io/ (This one’s an Ethereum token!)

http://litecoincash.co/ (May be offline; here’s a video: https://www.youtube.com/watch?v=jMkOZpzmSDo)

Those do indeed look incredibly scammy. Apologies to any of those projects who are actually genuine, but having seen them we decided it was best to prevent them existing by claiming the Litecoin Cash brand and racing past them. We completely understand how audacious that is, and that we would initially meet the same ridicule I can only imagine those projects did.

SmartOptions.Io: There have been quite a few airdrop and “hard fork” scams. Do you have a message for all the doubters? How do you want to gain the trust back from the community?

Tanner [LitecoinCash]: Really, it all comes down to safe forking. If there’s any message we’d send to doubters, it would just be “that’s great – doubt is good”.

Our code will be made open the same instant we release the wallet. There’s no need to claim instantly; if you’re not sure, take your time and see how the experience of others goes. Your LCC aren’t going anywhere, they’ll still be there for you.

SmartOptions.Io: In research for the article we requested some exchanges if they will support the hard fork. The answers (if we got any) have been negative. Are you still trying to convince the exchanges to support the hard fork? Which exchanges are you currently negotiating with for a listing?

Tanner [LitecoinCash]: Yes, we are actively negotiating with several exchanges. It wouldn’t be fair for me to name any names at this point.

SmartOptions.Io: We know you are fans of the original Litecoin and Charlie Lee. He was unfortunately not very happy about the hard fork news. Actually, he even called you out as a scam indirectly. How did that feel for you when you read that?

Tanner [LitecoinCash]: We expected this. Charlie Lee’s right to be as skeptical as anyone else. We’re certainly not offended!

The thing is, it’s not really necessary to trust us. Practice safe forking, and don’t trust any fork wallet with a private key that holds active coins from the parent chain.

I hope that if nothing else, Mr. Lee will appreciate our efforts at user education.

SmartOptions.Io: Which plans do you follow for the future of LitecoinCash? Where do you see LCC in 2-3 years?

Tanner [LitecoinCash]: We’re very keen to stay as close as possible to upstream code, to be able to keep very up to date and include in LCC all the fun new toys that the Bitcoin network enjoys.

The view at 2-3 years out really depends on how much adoption Litecoin Cash gets.

It’s much easier to talk about the next 2-3 months, which will see us growing the team, continuing to liaise with exchanges, and launching SPV wallets (light wallets). We’ll also be examining transaction privacy layers. That’s an aspect that’s seen even more experimentation in the altcoin space than difficulty adjustment, but none of the existing solutions quite nail it.

As for the next 2-3 weeks, I think they’re going to be a wild ride 🙂

SmartOptions.Io: Thank you so much for taking the time to answer our questions.

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CryptoPredicted | AI-Driven Crypto Price Forecasts Using Big Data And Machine Learning https://smartoptions.io/cryptopredicted-ai-driven-crypto-price-forecasts-using-big-data-machine-learning/ https://smartoptions.io/cryptopredicted-ai-driven-crypto-price-forecasts-using-big-data-machine-learning/#respond Tue, 06 Feb 2018 09:39:06 +0000 https://smartoptions.io/?p=4818 It is every stocks trader’s dream to always make the perfect investments. Unfortunately, technology has not yet reached the stage of predicting future events in fluctuating markets. But we are able to increase our chances of making better trading decisions, this is exactly what CryptoPredicted does. CryptoPredicted is an early stage startup with one core purpose: helping you to trade better and worry less. They provide a service based on pseudo real-time data pulled from hundreds of external sources. Apart from their ability to make pretty accurate short-term predictions, they allow you to look at data in completely new ways.…

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It is every stocks trader’s dream to always make the perfect investments. Unfortunately, technology has not yet reached the stage of predicting future events in fluctuating markets. But we are able to increase our chances of making better trading decisions, this is exactly what CryptoPredicted does.

CryptoPredicted is an early stage startup with one core purpose: helping you to trade better and worry less. They provide a service based on pseudo real-time data pulled from hundreds of external sources. Apart from their ability to make pretty accurate short-term predictions, they allow you to look at data in completely new ways. Do not fear any complex formulas or indexes, because most of their charts are very intuitive, even a 12-year-old kid can read them.

General chart

On the general chart, you can toggle a wide array of graphs by clicking on the labels. Every x-axis tick consists of data aggregated for the selected interval (“1 hour” on our screenshots)

General Chart Cryptopredicted
General 2D Chart Cryptopredicted

A few useful graphs which you can toggle include but are not limited to: sentiment analysis from social and news channels, trading volume of the past 24hrs, social mentions, and news mentions. These graphs allow traders to view many different indicators on a single graph and understand where the market is headed.

Another useful feature they provide is trendlines. Some graphs can be reshaped into partial trendlines with a variable size. On the image below we have selected 6-point trendlines and enabled two trendlines: social sentiments (in blue) and the average price (in black). As you can see both trendlines look quite alike, this means that Bitcoin’s price is partially influenced by the social mentions and/or vice versa.

The trendlines appear to be quite useful for detecting trends in the market, but also to see which types of data are related to one another. Below is an animated GIF illustrating how the graphs transform as we change their trend size. In this example, we have toggled on the average price (yellow), social mentions trendline (blue) and trading volume delta trendline (dark red).

Predictions chart

Let’s move on to the predictions chart. This tool contains many more settings to play around with, but it’s recommended to use the default ones. Their predictions tool is based on advanced machine learning techniques. It’s still in an early stage but already produces some nice results.

On the predictions chart, there are three types of graphs: the black line is the actual average price. The brown lines are the future predictions, the red line is simply the average of the predictions. The green lines we ignore as they are solely for development. Another thing you notice is the signal indicators of when to buy and/or sell. These signals are based on the predicted average.

A very useful feature on the predictions chart is the ability to look at historical predictions. On the image below you can see that the price’s line overlaps the predictions region. This allows us to see how accurate a certain prediction was at some historical date and time. In the end, it all comes down to buying low and selling high, preferably with a very high margin. Just keep in mind that it is still an early stage tool, thus not every prediction will be accurate.

The reason why there are multiple brown prediction lines is that each of these was generated using a different combination of features. The predictions themselves are generated by means of training an artificial brain, also known as a neural network. This brain is trained by feeding it data as seen on the general chart. Basically, it learns how the price went up and down throughout time and taking into account many other features such as the sentiments, mentions, traded volume and more. We did notice that the short-term predictions (i.e. first 3 to 5 intervals) are more accurate than long-term ones (i.e. beyond 10th interval) — making this tool ideal for active day traders.

Crypto Analysis in 3D

If you are bored of looking at graphs all day, then try staring into their 3D plots and be mind blown. There are several 3D plots available right now, we will only look at two of them.

The first one is the “time-price-volume” plot, using 5-minute intervals with 6 days worth of data. What makes this plot interesting is that we can see how the price and volume change throughout time. It’s quite a different experience than looking at a two-dimensional plot of the same data. What’s even more interesting is that we can see a wave-like formation. It appears to be quite useful for making trading decisions because one can see when there is a turning point in the data, i.e. a trader can decide when it’s time to sell or buy. And since the data is quite cyclic we can visually detect patterns and compare them against historical cycles.

Below is an animated GIF of this plot:

The second plot is called “stages”, and it shows the price, social hype, news hype and volume for every tracked cryptocurrency.

The philosophy behind this plot is that each cryptocurrency can be categorized by a certain stage. The stage of a crypto is determined by its popularity and worth. What Bitcoin was worth in 2013 is not the same as what it is worth right now. Their idea is to categorize the coins and track their evolution throughout time. This allows us to see which coins are more mature and stable than others. But it also allows us to see when a certain coin has reached a new phase relative to other coin(s).

Even though the “stages” concept is a great idea, its execution needs to be refined and made clearer, with a simpler 2D chart maybe?

Conclusion

Overall CryptoPredicted is making fast progress, considering the fact that they started their development in late December 2017. And in less than a month already released a public beta which you can freely access here: http://cryptopredicted.com .

On first sight, the predictions seem to be pretty accurate for most intervals. So that appears to be their most valuable asset. Since their service is in public beta phase it is a golden opportunity to make the most of it.

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Bitcoin, you can call me Al https://smartoptions.io/bitcoin-can-call-me-al/ https://smartoptions.io/bitcoin-can-call-me-al/#comments Tue, 06 Feb 2018 06:13:23 +0000 https://smartoptions.io/?p=4803 This is the end, my only friend – the end Quote: Jim Morrison, “The End” Maybe you bought Bitcoin when it was approaching the 20k, just took a mortgage on your house, sold your 105′ curved plasma TV, your kids, your liver and your stamp collection to hop on the Bitcoin frenzy – and now? At first, you felt as a smart investor, seeing yourself as one that takes the signs of time before it is too late. Even worse if you bragged about your first whole bitcoin at the cocktail party full of nay-sayers. Now they stand there with…

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This is the end, my only friend – the end

Quote: Jim Morrison, “The End”

Maybe you bought Bitcoin when it was approaching the 20k, just took a mortgage on your house, sold your 105′ curved plasma TV, your kids, your liver and your stamp collection to hop on the Bitcoin frenzy – and now? At first, you felt as a smart investor, seeing yourself as one that takes the signs of time before it is too late.

Even worse if you bragged about your first whole bitcoin at the cocktail party full of nay-sayers. Now they stand there with a Martini in one hand, the other one used to point their old Mr. Burns-a-like finger at you and you can hear that two words, that drive you crazy: “told ya.”

“It’s a bubble. It’s a bubble. Oh my, it’s a goddamn bubble”

Quote: Hysterical investor

“Whenever there is blood in the street. We buy it.”

Quote: too-cool-to-show-that-he-is-scared investor

Yes, this is the reason, why everyone and his farting dog told you not to invest money you can’t afford to lose. It is not primarily because of the chance to go zero, but especially because of the chance, that if you can’t afford to lose it, the chances are high that your emotions kick in, helping you to decide for the probably wrong thing. Yes, basically it is the same emotion like buying the top in FOMOde. And now this emotion might fool you again, selling the bottom.

For whatever reason BTC is dropping like it’s investors jaws, it doesn’t matter. The only truth you can find within these bloody days is: We, the f#ck, don’t know the reasons. No technical analyst will show you the bottom. No fundamentals will give you the reason. Aliens told Cliff High that Bitcoin will hit 64k in April. Another crypto YouTuber called the bottom at 3.5K.   You can decide what you want to believe, but it has no impact on the outcome, it instead indicates merely if you are more of an optimist or pessimist. See, everyone tries to put up a catchy clickbait title right now, and wants to be that guy who predicted the bottom, predicted the phenomenal upward move coming next. It is a 50/50 gamble to be able to beat on your chest and dance on the wall if you have chosen the right thing, so why don’t take a chance?

The hard truth is that there is nothing to predict the future. The only thing you can do right now is to drink your milk with water to save some money and watch what happens.

But, but, but, I was told that…

“…it is the Chinese New Year, everyone is cashing out to purchase gifts!!!”

Yes, sure. Chinese billionaire investors cashing out to pay for a diamond-encrusted Bobby Car for the kids.

“…it is facebook! They prohibited Crypto ads!”

So are ads showing penises. Did all the penises in the world drop? Based on personal observations, we doubt that.

“…it is the tactical spread of FUD and fake news!!! Media gets paid to publish bad news about Bitcoin. Wealth is only for the rich, and they want to stay us on the ground.”

Possible, but also possible you have your tinfoil hat on. It is true, bankers love to game with the small man’s money. But where is the FUD for the stock markets, which are dropping as well right now?

This is the question nobody wants to answer, maybe because the answer might not deliver the wanted optimistic outlook for the upcoming months.  The stock market as well, entered bubble territory (for a much longer timeframe than cryptos). Of course, the stock market is very different to cryptos, but the price-driving force with both corrections is the same: the current overall sentiment is changing and the more pumped it became, the more their price action relied on the sentiment.

It’s the end of the world as we know it

Quote: REM, “It’s the end of the world”

See yourself, what do the markets and your money sitting in, do with your sentiment? Dreaming of price explosions after the correction? Seeing yourself with a copper can walk through the streets washing car windows?

Having money in cryptos right now does something with you. Your emotions are tricked: one day your crypto holdings have the power to let you dream to sit in your very own lambo in a few days, on the other day they have the power to make you shit your pants. One has to accept there will be no news outlet, no technical analyst, no leaked document, no smart “connecting-the-dots” help you in this situation. Sit down, watch the white wall and get your facts straight:

  • Did I invest money, I didn’t have and am I suffering now from perma-sweaty palms due to that? Well, you have been told. You took the risk anyway. What would be the following action to do now?
  • Am I clear that if I want high returns, I have to bear with high losses as well?
  • Do I really believe in blockchain technology in the frame of a currency usage?
  • Do I consider both ways of my investment?  The option of going up again, plus the option it can stay down now?

These are the days of miracle and wonder
This is the long distance call
The way the camera follows us in slo-mo
The way we look to us all

The way we look to a distant constellation
That’s dying in a corner of the sky
These are the days of miracle and wonder
And don’t cry baby, don’t cry
Don’t cry

Quote: Paul Simon,  Boy in the bubble

So what is the bottom line of this pamphlet? Shall I sit on my hands or shall I get the f#ck outta here? We can’t tell you that, that is it. You are entirely alone with your decision, and your only choice is to decide it on your own. You will find countless opinions, but consider them to be in the same boat like you. Most of them are also victims of their emotions, which leads them to wishful thinking or to pessimism. We don’t have an answer, nor a recommendation. Bitcoin can just call us Al. Or Bob.

 

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Litecoin Is Getting Lit With The LitecoinCash Hard Fork (1:10 Ratio) https://smartoptions.io/litecoin-litecoincash-hard-fork/ https://smartoptions.io/litecoin-litecoincash-hard-fork/#comments Sat, 03 Feb 2018 23:17:55 +0000 https://smartoptions.io/?p=4786 Those of you that bought Litecoin ($LTC) in the dip, might be able to make some attractive returns on that buy. One could think crypto is a kitchen business with all that forks and knives to catch, and now the time has come for a sleeping giant: LTC.There is LitecoinCash to come, which brands themselves as Litecoin Hard Fork, but this is just a marketing ploy due to Charlie Lee.  However, this means free coins – and the project sounds pretty promising. Truth to be told,  everyone is crying SCAM right now – we think it is just clumsy marketing in…

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Those of you that bought Litecoin ($LTC) in the dip, might be able to make some attractive returns on that buy. One could think crypto is a kitchen business with all that forks and knives to catch, and now the time has come for a sleeping giant: LTC.There is LitecoinCash to come, which brands themselves as Litecoin Hard Fork, but this is just a marketing ploy due to Charlie Lee.  However, this means free coins – and the project sounds pretty promising. Truth to be told,  everyone is crying SCAM right now – we think it is just clumsy marketing in combination with an unfortunate distribution of the free coins, by the help of the developed LCC wallet (which will need your private key). Good news for miners:  you can search your old Bitcoin SHA256 mining hardware in the cellar and get ready for SHA256 Litecoin with fast transactions and minimal fees.

LitecoinCash seems to offer lots of advantages in comparison to other coins, like a target block time of 2.5 minutes and 90% cheaper transaction fees than Litecoin. Fast transactions & low fees? This is very lit of you, LitecoinCash. Even better if we can get our first coins for free. As firm believers & holders of Litecoin (which we see as a “slow-and-steady-grow-coin” to hold) we are excited that we will receive LiteCash in a 1:10 ratio, which means for every LTC we hold on the blockchain on the hard fork, we will receive 10 LCC for free.

Basic Information about LitecoinCash:

  • LitecoinCash can be mined with SHA256 mining hardware
  • Block Time of 2.5 minutes
  • 90% cheaper than Litecoin
  • Replay attack protection for the hard fork
  • Hard fork comes with address prefix to prevent confusion and inter-chain issues.
  • Segwit & Lightning ready
  • The mining difficulty will be recalculated every block (as known from DASH)
  • Smooth and fair launch for miners
  • Maximum supply of 840 million
  • No real white paper yet
  • Ticker Symbol will be LCC
  • Official website: https://litecoinca.sh/

When will the Litecoin/LitecoinCash Hard Fork happen?

The fork will happen at block 1371111. The fork is expected for Monday, February 19, 2018. The current Litecoin Block can be seen here: https://live.blockcypher.com/ltc/

How to claim the free LitecoinCash coins?

Once the desktop wallets have been released, it will be quite easy to claim your free LCC, though it comes with a risk as the private key is needed. We would never encourage anyone to use your private key, therefore you will find a second alternate solution below, which is more safe.

  1. Export your private key from your Litecoin Wallet. If you use the Exodus desktop wallet, you will have to hit CTRL + SHIFT + D to activate the dev menu at the top. You will find it then under Exodus -> Developer -> Assets -> Litecoin -> Export Private Keys.
  2. Download and install the LitecoinCash wallet for your system. This will be available here: https://litecoinca.sh/#download
  3. Import the private key under File -> Import Private Key
  4. Enjoy free LCCs
  5. If you had your LTC on an exchange you would have to mess around with their support to get your LitecoinCash credited.

How to minimize the risk when claiming LCC?

We would never recommend you to share your private keys anywhere. At this point of time, the LitecoinCash Team offers only this way of claiming on their website, but we could imagine that other options might come later. Despite the scam yelling everywhere, we chose to stay with the facts and don’t think it is a scam as the code of the wallet will be open. If you want to go the extra safe way, please follow this steps:

  1. Open a second Litecoin wallet.
  2. Transfer your LTC there and hold it until the hard fork block has passed.
  3. Transfer your LTC back to your original wallet, so the wallet from step 1 is empty again.
  4. Import the private key of the empty, temporary wallet into your LCC wallet.

Comment by Tanner,  lead LCC dev on Reddit:

Hi. I’m Tanner, lead LCC dev. While I don’t expect you to attach any weight to this post, I wanted to say that I hope when we open our code you’ll be able to see that there’s nothing amiss.

We will stress at every point that you should absolutely move your coins into a fresh wallet before claiming any fork, and never paste private keys that are currently holding currency into ANYTHING.

To be slightly more candid than elsewhere: It’s true that the whole idea originated as a joke; an sha256 fork of Litecoin is patently ridiculous to anyone familiar with the history of LTC.

However the more we thought about it, the more it made sense. We’re big fans and supporters of LTC and Charlie Lee. Other alts have addressed LTC’s main issue, which to my mind is difficulty adjustment. However they haven’t combined that fix with fair distribution — ie, distributing to existing LTC holders. Combined with the fact that there’s a lot of SHA256-specific hardware out there that isn’t up to modern BTC difficulty targets, but doesn’t have many worthwhile alternative options (beyond BCH) – suddenly the joke made sense.

I don’t claim that we’re doing anything new yet. What we’re trying to do is to present the best of everything that’s gone before, distribute it fairly, and create a great currency for trading and day-to-day use.

Update: It is confirmed that this is not an official Litecoin Hard Fork. We don’t think it is an actual scam, though. It is unfortunate that LitecoinCash needs the private key to claim (until now). Of course, Charlie Lee is not happy about the unauthorized use of his brand name for a hard fork his coin has nothing to do with. Despite his tweet, we don’t see the usual red flags for a scam, but of course, it is always better to play safe. We honor the awareness of Charlie Lee to warn for such a case, even if this could have a negative influence on the price of LTC.

The post by Charlie Lee might be a hit for the LCC – team as they often stated to be fans of him.

So, is Litecoin Cash a scam?

Right now, everyone is screaming SCAM – and frankly, this is understandable. However, let’s get the facts straight and see what we have here:

  • The private key is needed (until now) to claim the coins.
  • As the LCC Team seems to consists of Litecoin fans, they used the brand name of this coin. In combination with all the hate Bitcoin Cash faces, the naming has been a bad marketing decision.

So it is basically these two things, which leads many people to yell “SCAM!” across the boards. We don’t have any advantages to protect them, nor are we affiliated with LitecoinCash, though we think this is a bit thin. Miners and technically more versed confirmed that the concept itself makes sense. Without knowing the truth behind all of this, our take is that the LCC – team is a bunch of funny nerds, that had a good idea, developed out of an actual joke. Sometimes the flow works like this, you joke around, think a bit more about it in a serious way and then you say – hey, let’s try that! Let’s observe what the future brings and how this all develops.

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Cryptolume.Co – Advanced Data-Based Crypto Analysis https://smartoptions.io/cryptolume-co-advanced-data-based-crypto-analysis/ https://smartoptions.io/cryptolume-co-advanced-data-based-crypto-analysis/#respond Thu, 01 Feb 2018 08:25:55 +0000 https://smartoptions.io/?p=4726 There is a new tool around that brings fresh air into the business of Crypto Tools. Cryptolume.co is data-fed dashboard with tons of visualized information and can provide some excellent insights and convenient overview for the advanced trader. Trading cryptos is different to trading FX due to the lower volume in general. This makes technical analysis, in general, a bit tougher and one is right to consider volume-based data before entering trades. Crypto is a young market, and therefore easy to manipulate. Volume and some indicators can give you hint if something is in the bush – Cryptolume.co can help with…

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There is a new tool around that brings fresh air into the business of Crypto Tools. Cryptolume.co is data-fed dashboard with tons of visualized information and can provide some excellent insights and convenient overview for the advanced trader. Trading cryptos is different to trading FX due to the lower volume in general. This makes technical analysis, in general, a bit tougher and one is right to consider volume-based data before entering trades. Crypto is a young market, and therefore easy to manipulate. Volume and some indicators can give you hint if something is in the bush – Cryptolume.co can help with that. However, you should find your nerd glasses first!

What is Cryptolume in a nutshell?

CRYPTOLUME is a smart cryptocurrency analysis tool. CRYPTOLUME helps users make knowledgeable trades and assists with finding fast moving, profitable cryptocurrencies. SAVE HOURS per day looking at volume and price action through the use of a web-application graph and notification system.

 

So, what you get is the ultimate dashboard for what is going on in the markets. Cryptolume.co is not a tool which spreads signals, it is more of a research tool, that helps you to find excellent trading opportunities by various indicators. Basically, Cryptolume pulls data by exchanges like Bittrex, processes these and visualizes it conveniently. This enables you to get an overview of the markets without having to have 100s of tabs open charts and order books. Do you want to know where the party is going on and what is being traded right now by the masses? This tool helps to spot where the action is.

Insightful data of the buyer/seller ratio on glance for 100s of cryptocurrencies is quite useful, combined with RSI data for several timeframes it is even better. Furthermore, it provides its formula, based on price action, volume, and RSI,  to present you hints on what is interesting right now. There is an additional Slack channel you can opt-in to receive alerts once their indicator triggers. Currently Cryptolume.co pulls data from the following exchanges: Bittrex, Binance, Bitfinex, Poloniex, HitBTC, KuCoin & Cryptopia.

Let’s take a look at the several features.

The Dashboard

Let’s take a look at XEM, which pretty depressing at the moment.

I took it for the last seven days, as XEM had a hard time with the hack along the dropping Bitcoin. Let’s assume I want to know if it is an appropriate time to buy some at this oversold levels. While the price of XEM might seem to be attractive, we can see that the market cap of this token has dropped. We have mostly neutral social sentiments, and the volume history shows us that, after the selloff spike it plummeted. So I’d interpret it to stay away.

Table of Movement

The table of movement is a very cool overview of what is going on in the world of cryptocurrency. With a comprehensive page like this, fed by live data, you know what is going on, and which coin has momentum right now. At a glance, you have all the percentage movements of coins and tokens concerning volume and price for the 5, 15, 30 and 4-hour timeframe as well as their RSI values,

Table of Events

The table of events is a handy tool for fundamental traders. Several crypto calenders are feeding this page, and it shows the upcoming news for several cryptocurrencies at a glance. You can select the coins you have put an eye on very conveniently and see what is coming up. Again, this is a real timesaver – instead of checking coinmarketcal.com and the likes you have all the data right at your fingertips, along with an additional column that shows you the recent price change against BTC. This is very helpful to find coins where the news have not already priced in or to find a cryptocurrency in a dip with juicy news upcoming.

The Buyer/Seller Percentage

A feature that comes in handy for all the traders, that like to consider buy and sell walls. Cryptolume offers buyer/seller pages for several exchanges like Bittrex, Binance, Bitfinex, KuCoin, HitBTC, Poloniex and Cryptopio. If you are more a numbers guy then a visual one, you will appreciate this feature. You will see the current sentiment of the order book by that you will be able to estimate your chances better if, for example, a support line is likely to hold or not. Example: The price of particular coin/token nears your figured support line, and you see that the buyer percentage is increasing, it is more likely that this support will hold and versa vice.

Twitter Sentiments

While we would refrain from making any trade decisions directly from this feature, it is a useful tool for checking the current sentiments on Twitter. Trading is always also a reflection of the mass psychology, and this tool can help you to estimate it better. You can run several coins/tokens against each other to determine which of the ones has more positive hype around. Let’s say you have two trades in mind, both with promising TA and other intriguing factors. You could check the twitter sentiments for additional input, to get a hint which is more likely to move faster / more in general due to the hype factor behind it. The Twitter sentiments tool is also interesting from another point of view: You can check it against your impression and remove the subjective bias you may have built.

Here is an example of the cryptos with strong communities behind.

The RSI Analyzer

Sure, you have an RSI indicator already on your charts so that you might ask about the purpose of this feature. Again, it comes to correlation here and how to put the cryptos into the big picture. It is very convenient to have several RSIs on one graph for a direct comparison. This can give you interesting insights, for example how closely the RSI of $xyz ties to BTC or if they move maybe even inverted. Again, an ultimate time-saver as you have all the coins with their RSI data for multiple timeframes (5M/15M/30M/4H) at your fingertips.

 

Besides that, there is also a handy alerts page for each of the timeframes, uncovering all the oversold / overbought cryptos on the market for you:

The Volume Analyzer

Crypto markets are young; therefore there is an essential difference between trading FX pairs: the volume. More volume usually means that your technical analysis becomes more reliable. More volume usually means more significant price moves. Volume is that thing you have to keep an eye on when trading cryptos – the volume analyzer helps you with that. You can get historical volume stats on 1H, 1D, and 7D, and you directly run the volume of several cryptocurrencies against each other on the graph. 

The Volume/Price/RSI Spike alerts

This tool is a nifty one: it spits out alerts off three uptrends in volume/price along with the RSI showing at oversold levels on the three candles before the uptrend has started.

Conclusion

Cryptolume is a comprehensive tool for the day trader, or for the investor that likes to plan the perfect entry point and has some knowledge in trading. This tool can save you tons of time – you can see it as your new market scanning assistant. There are many valuable insights to gain and here lies your opportunity by using Cryptolume. The used data is compiled in a good logical flow, and one can see that the app was developed under the counseling of real, active and knowledgeable crypto traders. The price is pretty low for the value you get here: $19 / month can make you live as day trader easier. If you don’t want to hit F5 on the app all the time there is also an advanced plan for $29, which gives you access to a slack channel, where bots inform you about the generated alerts, along with personal chat support by the admins. Furthermore, they just added a bot-driven notification once new coins enter exchanges. Right now there has been an Arbitrage scanner added, which we didn’t review here, but it is good to see the team active and continuously adding new features.

However, we also want to stress that Cryptolume might be not for everyone. It is a tool to present data in a convenient, time-saving way for traders who know what they are doing. People, who expect a simple signal service, or who don’t have a sufficient trading knowledge won’t be satisfied with their purchase. Pro-Traders surely will enjoy the many convenient features, and with that price, it is a no-brainer.

Website: Cryptolume.co

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[Press Release] Spectre.ai forms strategic alliance with Blitzpredict.io https://smartoptions.io/spectre-ai-alliance-blitzpredict-io/ https://smartoptions.io/spectre-ai-alliance-blitzpredict-io/#comments Thu, 01 Feb 2018 08:00:52 +0000 https://smartoptions.io/?p=4745 1st February, Tortola, British Virgin Islands: Spectre.ai, the world’s first broker-less trading platform has announced a strategic alliance with prediction market data aggregator, Blitzpredict.io. Blitzpredict.io will provide predictive tools for a range of events and markets to allow bettors/traders to garner insights about a range of prediction markets, on their platform. If users wish to trade financial prediction markets, they will be forwarding non-U.S traffic to the Spectre.ai trading platform. Blitzpredict.io has a growing reach in the cryptocurrency and traditional gambling space with an estimated user base of over 20,000. Athol Nourse, business development director at Spectre.ai stated “This is…

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1st February, Tortola, British Virgin Islands: Spectre.ai, the world’s first broker-less trading platform has announced a strategic alliance with prediction market data aggregator, Blitzpredict.io.

Blitzpredict.io will provide predictive tools for a range of events and markets to allow bettors/traders to garner insights about a range of prediction markets, on their platform. If users wish to trade financial prediction markets, they will be forwarding non-U.S traffic to the Spectre.ai trading platform.

Blitzpredict.io has a growing reach in the cryptocurrency and traditional gambling space with an estimated user base of over 20,000. Athol Nourse, business development director at Spectre.ai stated “This is a great partnership which optimizes the value for the end user client. Blitzpredict is an exciting project with a good team which is focused on bringing transparency to the online betting markets. Offering their non-U.S clients the opportunity to trade on the Spectre.ai platform is a natural progression since we share the same values & I am confident their clients will reach maximum satisfaction by trading with Spectre which is one of the world’s safest online trading environments. I believe that our platform will grow in popularity and this partnership takes us one step forward in our mission.”

Brett Richey, CEO of Blitzpredict.io, echoed Nourse’s sentiments “We are excited to work with Spectre.ai as we explore new frontiers in trading and prediction markets. There is a lot of synergy and overlap between sports, crypto, and financial trading, so the partnership is a natural fit. Our users will benefit from the margins and safety of the Spectre platform.”

The Spectre.ai trading platform launches on March 31st, 2018. It is strictly closed to U.S citizens. Blitzpredict.io is currently under way with its token generation event and aims to launch its platform in Q1 2018.

More information can be found about Spectre.ai here www.spectre.ai and Blitzpredict.io here www.blitzpredict.io

Company Contact: Ian Buck, Head of Investor Relations
Email: ir@spectre.ai

¬Disclaimer: This press release may contain forward-looking statements and is not to be deemed as investment advice.

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