Bitcoin Trading and Investing - A Beginners Guide to ...

UK specific cryptocurrency chat

This subreddit is for UK specific cryptocurrency discussion. Please note that this is not a place for pumping specific coins or disrespecting others. Focus should be on UK specific content but we aim to be a free and open place.
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SwC Poker: #1 Bitcoin Poker Site

SwC Poker is the largest Bitcoin online poker site in the world.
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Cryptocurrency & Blockchain

CryptoCurrency Cryptocurrencies Blockchain Crypto Currency Bitcoin Ethereum News Price Market Cap Coinbase Ripple Exchange Wallet Mining Reddit New USD Value Top List Best Invest BTC ETH BCH XRP DASH LTC XMR MIOTA NEO XEM ETC QTUM LSK EOS ZEC OMG ADA XLM HSR USDT BCC WAVES PPT STRAT BTS POWR ARK ARDR REP KMD BCN DCR STEEM PAY MONA FCT MAID VERI GNT GAS SALT RDN DOGE PIVX VTC BAT SCAE GBYTE BNB TRX DGD KNC BTCD
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i want to get into trading/investing in crpyto currency and bitcoin, is coinbase the best place to get started for a 'beginner, what else would yall reccomend?'

is this a good time or bad time to get into it or is there ever a good or bad time?
what else would yall recommend?
submitted by jkc000 to Bitcoin [link] [comments]

06-24 16:45 - 'It is. Because Whales invest in it like the stock market. Once it went from a currency to a store of value (like stocks), the trading behavior becomes the same.' by /u/subduderecords removed from /r/Bitcoin within 42-52min

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It is. Because Whales invest in it like the stock market. Once it went from a currency to a store of value (like stocks), the trading behavior becomes the same.
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Author: subduderecords
submitted by removalbot to removalbot [link] [comments]

The Everything Guide to Investing in Cryptocurrency: From Bitcoin to Ripple, the Safe and Secure Way to Buy, Trade, and Mine Digital Currencies

submitted by arabahrami to FreeForBook [link] [comments]

Don't sit out there doubting while investors making withdrawals on daily basis, start investing now a journey of a thousand miles begins in one day . . DM me for a start, and start earning big profits on Bitcoin, crypto currency, Binary option trade .

Don't sit out there doubting while investors making withdrawals on daily basis, start investing now a journey of a thousand miles begins in one day . . DM me for a start, and start earning big profits on Bitcoin, crypto currency, Binary option trade . submitted by Fxtrade_with_layla to u/Fxtrade_with_layla [link] [comments]

Don't sit out there doubting while investors making withdrawals on daily basis, start investing now a journey of a thousand miles begins in one day . . DM me for a start, and start earning big profits on Bitcoin, crypto currency, Binary option trade .

Don't sit out there doubting while investors making withdrawals on daily basis, start investing now a journey of a thousand miles begins in one day . . DM me for a start, and start earning big profits on Bitcoin, crypto currency, Binary option trade . submitted by Fxtrade_with_layla to u/Fxtrade_with_layla [link] [comments]

Don't sit out there doubting while investors making withdrawals on daily basis, start investing now a journey of a thousand miles begins in one day . . DM me for a start, and start earning big profits on Bitcoin, crypto currency, Binary option trade .

Don't sit out there doubting while investors making withdrawals on daily basis, start investing now a journey of a thousand miles begins in one day . . DM me for a start, and start earning big profits on Bitcoin, crypto currency, Binary option trade . submitted by Fxtrade_with_layla to u/Fxtrade_with_layla [link] [comments]

In simple terms, bitcoin trading is the buying and selling of bitcoin. Bitcoin trading adds a new dimension to currency trading with its dynamic force and the volatility it experiences as it settles into the global market. #bitcointrading #bitcoinmining #forextrading #investment

In simple terms, bitcoin trading is the buying and selling of bitcoin. Bitcoin trading adds a new dimension to currency trading with its dynamic force and the volatility it experiences as it settles into the global market. #bitcointrading #bitcoinmining #forextrading #investment submitted by bazler-frank to u/bazler-frank [link] [comments]

Bitcoin investment is no waste of time just like some people see it to be in the forex world. It has gone wide year after year raising to incredible rate among the world currencies. $200 investment can yield up a whole lot of profit up to $3850 within 48hours of trading.

submitted by DonaldMc12 to u/DonaldMc12 [link] [comments]

Govt warns against bitcoin trading, equates virtual currencies with ponzi schemes. Ministry of finance cautions against risks of investing in virtual currencies such as bitcoin which lack government fiat, comparing them with ponzi schemes.

Govt warns against bitcoin trading, equates virtual currencies with ponzi schemes. Ministry of finance cautions against risks of investing in virtual currencies such as bitcoin which lack government fiat, comparing them with ponzi schemes. submitted by KathakQuala to india [link] [comments]

How to view trading/ investing in Bitcoin. Stock, Commodity, Currency, Other... /r/Bitcoin

How to view trading/ investing in Bitcoin. Stock, Commodity, Currency, Other... /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Cryptocurrency trades in India show no sign of slowing despite clampdown: Far from dumping their investments in bitcoins and altcoins, Indian virtual currency investors double down on the market, driving local prices higher than global trends

Cryptocurrency trades in India show no sign of slowing despite clampdown: Far from dumping their investments in bitcoins and altcoins, Indian virtual currency investors double down on the market, driving local prices higher than global trends submitted by usafo to india [link] [comments]

Has anyone in r/investing considered trading/daytrading Bitcoins or other alternative currencies?

submitted by rickytw100 to investing [link] [comments]

BITCOIN FOREX. With our platform you can trade on the largest list of assets in the industry; including currency pairs (forex), stocks, indices and commodities. Invest $500 get $5,000weekly Invest $800 get $9,000weekly Invest $1000 get $10,500weekly Invest $2000 get $18,000 weekly #Forex

BITCOIN FOREX. With our platform you can trade on the largest list of assets in the industry; including currency pairs (forex), stocks, indices and commodities. Invest $500 get $5,000weekly Invest $800 get $9,000weekly Invest $1000 get $10,500weekly Invest $2000 get $18,000 weekly #Forex submitted by KaroVybz to u/KaroVybz [link] [comments]

DO YOU TRADE IN CRYPTO CURRENCY. BITCOIN ETHEREUM LITECOIN. HERE'S AN INVESTMENT PLATFORM FOR YOU. invest with any amount with in the minimum and maximum ranges for each currency and earn 1.6% daily for 90days. INVEST NOW

DO YOU TRADE IN CRYPTO CURRENCY. BITCOIN ETHEREUM LITECOIN. HERE'S AN INVESTMENT PLATFORM FOR YOU. invest with any amount with in the minimum and maximum ranges for each currency and earn 1.6% daily for 90days. INVEST NOW submitted by humblekred to u/humblekred [link] [comments]

Can I get some educated advice about what people think about rothcoin.io idk how I feel about trading in my bitcoin to invest in a currency controlled by a Rothchild although they are only 1.6USD worth of BC per RC

submitted by Tyedyehero0992 to u/Tyedyehero0992 [link] [comments]

Hello everyone! My name is Michael Kinatu, a crypto/bitcoin specialist. Digital currency is the next evolution in online trading and many have already joined Kinatu.com. Millions who are already using Kinatu for their Cryptocurrency investments, enjoying the online market revolution globally!

submitted by kinatu to CryptCoin [link] [comments]

Is there ANY possible way to trade TBC (TheBillionCoin) for BTC or USD or even anything!? I've been told it's a scam and now I just want to withdraw everything I have in my web wallet and invest in a completely different crypto currency ASAP! But I don't know how to trade it. /r/Bitcoin

Is there ANY possible way to trade TBC (TheBillionCoin) for BTC or USD or even anything!? I've been told it's a scam and now I just want to withdraw everything I have in my web wallet and invest in a completely different crypto currency ASAP! But I don't know how to trade it. /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Nine Countries That Don’t Tax Bitcoin Gains- time to move

Tax liability is a major source of concern for anyone invested in Bitcoin and other digital assets. In sum, some have described it as nothing short of a nightmare.
But while some countries are putting pressure on investors and levying taxes on income and capital gains from Bitcoin transactions, many are taking a different approach—often with the aim of promoting better adoption and innovation within the crypto industry. They’ve implemented friendlier legislation, and allow investors to buy, sell, or hold digital assets with no tax liability.
Here’s our list of the nine most crypto-friendly tax jurisdictions.
———————
  1. Belarus 🇧🇾
Belarus is taking an experimental approach to cryptocurrencies. In March 2018, a new law legalized cryptocurrency activities in the East European state, exempting individuals and businesses involved in them from taxes until 2023 (when it will come up for review.)
Under the law, mining and investing in cryptocurrencies are deemed personal investments, and so exempt from income tax and capital gains.
The liberal laws aim to boost the development of a digital economy, and technological innovation. The country was recently ranked third in Eastern Europe and 19th globally in levels of P2P crypto trading.
  1. Germany 🇩🇪
Germany offers a unique take on taxing digital currencies such as Bitcoin. Unlike most other states, Europe’s biggest economy regards Bitcoin as private money, as opposed to a currency, commodity, or stock.
For German residents, any cryptocurrency held for over a year is tax-exempt, regardless of the amount. If the assets are held for less than a year, capital gains tax doesn’t accrue on a sale, as long as the amount does not exceed 600 euros ($692).
However, for businesses it’s a different matter; a startup incorporated in Germany still needs to pay corporate income taxes on cryptocurrency gains, just as it would with any other asset.
  1. Hong Kong 🇭🇰
Hong Kong’s tax legislation on cryptocurrencies is a broad brush affair, even after new guidance was issued earlier this year.
Essentially, whether cryptocurrencies are taxed or not depends on their use, according to Henri Arslanian, a global crypto leader at PwC.
“If digital assets are bought for long-term investment purposes, any profits from disposal would not be chargeable to profits tax,” he wrote in March when the directive was introduced. But he added that this doesn’t apply to corporations—their Hong-Kong sourced profits from cryptocurrency business activities are taxable.
  1. Malaysia 🇲🇾
In Malaysia, cryptocurrency transactions are currently tax-free, and cryptocurrencies don’t qualify for capital gains tax, because digital currencies are not considered assets or legal tender by the authorities.
But the law is currently fluid; it only applies to individual taxpayers, and businesses involved in cryptocurrency are subject to Malaysian income tax.
And things may soon change. Mohamad Fauzi Saat, director of Malaysia’s tax department said in 2018 that Malaysia was committed to working towards issuing comprehensive guidelines on the tax treatment of cryptocurrency by the end of 2020.
  1. Malta 🇲🇹
The government of the so-called “Blockchain Island” recognizes Bitcoin “as a unit of account, medium of exchange, or a store of value.”
Malta doesn’t apply capital gains tax to long-held digital currencies like Bitcoin, but crypto trades are considered similar to day trading in stocks or shares, and attract business income tax at the rate of 35%. However, this can be mitigated to between five percent and zero, through “structuring options” available under the Maltese system.
Malta’s fiscal guidelines, published in 2018, also discriminate between Bitcoin and so-called “financial tokens,” equivalent to dividends, interest or premiums. The latter are treated as income and taxed at the applicable rate.
  1. Portugal 🇵🇹
Portugal has one of the most crypto-friendly tax regimes in the world.
Proceeds from the sale of cryptocurrencies by individuals have been tax-exempt since 2018, and cryptocurrency trading is not considered investment income (which is normally subject to a 28% tax rate.)
However, businesses that accept digital currencies as payment for goods and services are liable to income tax.
  1. Singapore 🇸🇬
Capital gains tax does not exist in Singapore, so neither individuals nor corporations holding cryptocurrency are liable.
But companies based in Singapore are liable to income tax, if their core business is cryptocurrency trading, or if they accept cryptocurrency as payment.
The authorities consider payment tokens such as Bitcoin to be “intangible property” rather than legal tender, and payment in the cryptocurrency constitutes a “barter trade” where the goods and services are taxed, but not the payment token itself.
  1. Slovenia 🇸🇮
Slovenia is another country that treats individuals and businesses separately under its cryptocurrency tax system.
No capital gains tax is levied on individuals when they sell Bitcoin, and gains are not considered income. However, companies that receive payment in cryptocurrencies, or through mining, are required to pay tax at the corporate rate.
Notably, the Mediterranean country doesn’t permit business operations in cryptocurrency alone (such as only accepting Bitcoin as payment.)
  1. Switzerland 🇨🇭
It’s no surprise that Switzerland, home to the innovation hub known as “Crypto Valley”, has one of the most forward-thinking tax policies too.
Cryptocurrency profits made by a qualified individual through investing and trading are treated as tax-exempt capital gains.
For the complete link to the written article - click here
Edit: hey thanks for the award, that was so awesome. Have a nice day everyone.
submitted by girlshero to CryptoCurrency [link] [comments]

Bitcoin's next 15 years : Year 2020–2035

2020 4Q

~ More companies follow in Microstrategy’s footsteps. Rumors of more corporate treasurers investing in BTC in boardrooms globally. A few listed large corporates announce accumulation of BTC after their buddies have all bought in (Board members, C-suite executives, family, and friends, etc.)
~ Money printing does not stop as the deflationary force of technology is too severe; the new US government formed after Biden’s win begins to adopt MMT as its primary guidance of future economic theory, led by Steph Kelton.
~ The holiday season and strong seasonality pump BTC back to $20k for the first time. Hard rejection and price fall back to $14k.

2021

~ BTC finally breaks $20k after multiple retests of overhead resistance sometime in spring
~ Almost weekly we see another corporation announcing vested interest in BTC
~ No longer in doubt that the asset class is in a bull market. Macro funds pile in. By year-end, we’re at $55k. Newspaper reports Bitcoin has now broken the $1 trillion mark. Most institutions begin scrambling to understand the asset class and set up “Digital Asset Investment teams”
~ Retail money flows to altcoins; Bitcoin is becoming too expensive for “retail” investors. The bitcoin community discusses possibly denoting BTC as sats, but majority of exchanges not interested as they derive most income from alt flows. However, most Bitcoin-only platforms switch to sats as the primary display format led by bitcoiners who now have considerable wealth and influence
~ Increasing talk that some smaller nations are now discussing the prospect of including Bitcoin on their central bank balance sheet
~ The first BTC-denominated corporate bond is launched

2022

~ Those in power have established full BTC positions, and we begin to see subtle clues that some countries are possibly accumulating BTC
~ Private banks selling BTC structured products now out in full force; custody solutions are now institutional-grade. 50% of the world’s banks have some product/solution tailored around bitcoin. The other 50% scramble.
~ Marks the top as BTC momentarily exceeds the most valuable company by market cap (~$2.5 trillion in 2022 @ $130K price). The final days of the frenzy are filled with rumors that central banks have accumulated 10% of global supply, and that it may even form part of the IMF’s global recognized reserve currencies. Crypto Twitter reaches peak “I told you so”

2023

~ The next bear market isn’t as severe as the last few; as the digital asset teams of various institutions are accumulating up to 2-5% of their AuM. It’s now commonly accepted that this asset class is here to stay and that even deploying $10 billion is no longer an issue in an asset class worth an aggregate $5 trillion.
~ BTC finds a floor 60% lower at $50K as smart money accumulates. CT screams for a 80% correction because mUh bItCoIn cYcLeS aNd fRaCtAls
~ Investment banks now have full-fledged research teams dedicated to digital assets. Calls for 80% correction too, so the smart money front-runs.
~ The middle class latches on to the wholecoining meme. “1 Bitcoin to secure a retirement; stack those sats”
~ The wealthy who are now increasingly composed of inherited wealth begin selling real estate/equities/bonds for Bitcoin but holds their BTC with their private bank. Realizing that Bitcoin supply is truly limited and sensing the “1 bitcoin to retire” meme; and that not every millionaire can own 1 bitcoin, many of the rich/ultra-rich scramble to buy 5–100 BTC each if only to cement their status as rich. 5–100 BTC costs $500K-10M (at $100k per BTC)
~ The winning product of the year is an automatic savings plan in bitcoin.

2025

~ Bitcoin is back to trading near its all-time highs of $130K after the 2024 halving cycle, however, the effect is marginal but the markets wrongly attribute it to the halving supply squeeze, building a false narrative for the next cycle in 2028.
~ Institutional money now in full-play; on hindsight we’ll realize the 10-year steady bull-run has actually begun since last year in 2023, similar to the gold bull run from 2000 to 2011
~ More exchanges finally denominate BTC in sats. $100K BTC = 0.1 cent per sat. Logging into platform displays your stack as:
“11.7m satoshis ≈ $17,500”

2028

~ Retail attempts to trade around the 2028 halving cycle. The halving cycle no longer have much of an impact, as demand now far outstrips supply changes
~ Many earlycoiners now sell between $200–400K, only to see it continue its relentless climb at a 30% annual rate
~ The first central bank announces the official addition to their balance sheets; all other central bank begins to FOMO. Cements BTC as a global reserve asset.
~ Governments ask that private ownership of bitcoin be transferred to regulated financial institutions such as their local bank where it will be held under custody. 70% of people do so.

2033

~ Many of the early-coiners now buyback at near to $1M ($20 trillion market cap), finally equaling gold’s market cap at a price of $4000+
~ Bitcoin peaks and meanders under $1M for the next decade
~ Volatility is now <10% per year, merchants begin adopting it en-masse as a medium of exchange

2035

~ 5 years of price stability leads to some merchants re-pricing certain goods in sat-terms
~ The lightning network crosses a billion channels created
~ Fiat does not go away, but most G20 countries decide to ban bitcoin as a medium of exchange for economic transactions. Ownership of bitcoin as an asset is encouraged as a store of wealth; private ownership is frowned upon and in some cases made illegal.
submitted by laobuggier to CryptoCurrency [link] [comments]

Decred on Quora

For anyone who is active on Quora and finds this to be a good thing to get done, there are quite a few unanswered questions about Decred.
https://www.quora.com/unanswered/Is-a-Decred-trading-discount-still-ongoing
https://www.quora.com/unanswered/Could-a-decred-currency-be-a-scam
https://www.quora.com/unanswered/What-is-a-Decred-crypto
https://www.quora.com/unanswered/What-is-the-future-of-Decred-cryptocurrency
https://www.quora.com/unanswered/What-are-the-differences-between-Bitcoin-and-Decred
https://www.quora.com/unanswered/How-likely-is-Decred-to-double-in-price-or-more-by-2020
https://www.quora.com/unanswered/Will-Decred-ever-reach-100
https://www.quora.com/unanswered/Is-it-safe-to-invest-with-Decred
https://www.quora.com/unanswered/What-is-Decred-Is-it-a-good-investment
https://www.quora.com/unanswered/Is-there-any-future-for-Decred-coin
https://www.quora.com/unanswered/Did-Decred-listed-KuCoin-good-to-invest
https://www.quora.com/unanswered/What-is-Decred-How-does-it-work-Is-it-a-good-investment
https://www.quora.com/unanswered/What-s-Decred-DCR-going-be-worth-in-a-year
https://www.quora.com/unanswered/What-price-could-we-expect-Decred-to-hit-by-2020
https://www.quora.com/unanswered/Is-Decred-finally-a-good-long-term-investment-now-that-they-are-investing-in-marketing
submitted by AnadalIIacd to decred [link] [comments]

An attepmt at explaining DeFi (this week...)

Warning, long post from my mornings contemplation. See https://twitter.com/markjeffrey/status/1300175793352445952 (Mark Jeffery 30 mins) for a video explaining DeFi.
This is my attempt at explaining DeFi.
I’m still learning this stuff, so any corrections are welcomed.
Links are provided for information, none are recommendations, nor referral links. Do your own research (DYOR) before investing :)
I’ll try not to shill YFI too much...
Not all platforms use the same mechanics as I describe, but I think I’ve covered the most common ones.

Stable coins
Crypro currency that is intended to maintain a level value. Normally with respect to USD $. Some rely on a trusted third party who has actual USD sitting in a bank account (USDT aka Tether, USDC…), others are trustless (DAI)

Maker
Lock collateral into the smart contract. Then DIA can be generated, and used for other things. DAI is designed to match the USD, and is completely trustless. You must have more value staked than the DAI removed (at least 150% over collateral) or you will get liquidated.

BTC on ETH
Bitcoin can not be directly used on the etherium chain. So, there are a number ways to make the value availble. Most involve trusting a 3rd party and the most common is wrapped BTC wBTC.
Notes WETH (Wrapped ETH) is used by some contracts to use ETH (direct use of ETH is not possible in some contracts) Unlinke WBTC, WETH is trustless as evrythign is done on the etherium blockchain (I think).

Lending
You deposit a valuable token onto a pool on platform, someone else borrows it. They pay interest to the pool. You get a proportion of the pools interest over time. When there is high demand for a particular token, the interest rate increases dynamically.
e.g. look at the interest rate model and click on the figure for
https://compound.finance/markets/USDC
Borrow rates increase lineally as more of the available pool is loaned. 2% at zero and 12.5% when the pool is emptied.
Earnings are lower than the borrowing rates because: There is more in the pool than borrowed. The platform takes a cut.
e.g. 50% of the pool is borrowed, the borrower pays 7.25%, but the lenders only get 3.38%. 3.38/0.5 = 6.76%, so about 0.5% of the interest is being taken by compound.
Different pools have different interest rate functions, DAI has an inflection point to maintain a buffer https://compound.finance/markets/DAI
The interest rate increases slowly to 4% until 75% of the available pool is loaned out. Then it’s much more expensive to borrow e.g. 16% APR at 90% utilisation.
When lending a single token into a single pool, you should always get the (slightly ?) more of same token back.

How lending works
You deposit ETH, you are given a token back as proof of participation in the pool (cETH for comound.finance).
The exchange rate for cETH to ETH is NOT fixed. Rather is changes over time. As the ETH interest is paid into the pool the cETH becomes more valuable compared to the initial deposit.
e.g. you deposit 10 ETH, and get 499.52 cETH. In a months time, you repay the 499.2 cETH cETH and get 10.1 ETH back. You have just gained 1%.

Taxes
In many jurisdictions, converting ETH to cETH would be classed as a taxable event (DYOR ! )

Lego Bricks
The cETH represents your ETH, so it has value. This means it can be used for other things...
Lego bricks is taken to mean that all these things fit together and you can sue them in different ways.

How borrowing works
You need to be over colarteralised to borrow from most platforms. So, if you deposit 10.0 ETH into a smart contract, you (currently) have $4,000 of collateral to work with. The platform may then let you borrow a % of your collateral in other tokens.
So, you can borrow $2,000 of USDC, to buy more 5 ETH. Then when ETH price goes up you sell $2100 back to USDC and repay the interest. Now you have 10.x ETH.
This is a form of Leverage, when the price goes up, you win. However, if the ETH price goes down, you risk being Liquidated. This means part of your collateral will be sold at the (lower) market price to repay your loan. There will likely be a penalty for you. (e.g. @ ETH = $300, 7.33 of your ETH is sold for $2,400, your USDC loan is repaid, and you keep the remaining 2.67 ETH and the 5 ETH you purchased.

Shorting
Deposit $8,000 collateral, Borrow 10 ETH and sell for $400 each. If the price drops to $380, buy 10.1 ETH and repay the loan and interest. You have just made $162 profit. However, if the price goes up you will still need to buy 10.1 ETH.

Flash Loans
A technomage creates a single transaction that borrows lots of money. Then within the same single ~13 second block uses it to do lots of complex things to hopefully make a profit. As it’s all within a single block, collateral is not required.
See https://mobile.twitter.com/nanexcool/status/1297068546023993349 for a transaction that made ~46,000 USDC profit (without collateral)
If this post is introducing you to the possibilities of flash loans, you are very unlikely to ever do one in the near future.
I think Aave is the most common source for flash loans.

Simple farming lending:
Simply put you token in which ever platform offers the largest interest rate. Moving to the best option costs gas (and attention).

Complex lending farming
Some platforms offer tokens in return for using a platform, so simple APR comparisons aren’t sufficient. If the additional platform token has high value it can distort the market.
E.g. when COMP was initially offered, it was profitable to:

  1. Place collateral on compound.finance
  2. Borrow BAT at 30%
  3. Lend the BAT back to the same platform at 15%
  4. Collect the COMP accrued due to interest paid and interest earned.
  5. Sell the COMP on the open market.
This technique was made less favourable by compound changing the distribution model so smaller pools (like BAT) couldn’t be exploited in this way.

DEX
Decentralised exchanges range from ones that operate with depositing assets, trading with an order book and then withdrawing, to simple interfaces that allow you to swap tokens. of the latter, the most popular is uniswap.

Liquidity provision
The swap based DEX’s rely on liquidity providers (LP). Here you deposit equal values of two tokens e.g. USDC and ETH.
Then any time someone wants to swap USDC for ETH on the exchange, they add USDC and remove ETH from the pool.
Each time someone does a swap, they pay a fee to the liquidity pool and you get a share.

Impairment loss
However, if the price of one asset goes up, the pool with stabilise to have less of it. So you see an overall increase, but not as much as if you had just hold’ed.
See https://twitter.com/ChainLinkGod/status/1270046868932661248 for an example.
Hopefully, the fees accrued are greater than the losses.
https://twitter.com/Tetranode/status/1300326676451057664/photo/1

Stable coin pairs
If you restrict yourself to similar things (e.g. USD stable coins, or different versions of BTC on Ethereum), then the impairment loss is much reduced. Curve.finance focuses on such like for like pools and allows multiple tokens in a single pool.

Complex farming liquidity pools
Taking advantage of governance token rewards for using certain exchanges / pools. This can be done to boot strap liquidity and / or allow a decentralisation of the governance of the DEX.
The tokes received have value because of expected future income, or governance rights (which may be exploited for future income)

Yearn
Yearn is a group of smart farmer protocols that allow pooling to reduce gas costs and benefit from smart developers / contracts.
The simplest EARN take tokens / stable coins and place them in the highest yielding platform for that token. https://yearn.finance/earn
The yCRV vault provides USD stable coin liquidity within curve for trading fees, but also lending fees via Yearn pools for each stable coin (oh and it gets CRV governance tokens…).
Other vaults use more complex strategies. The collateral is used to generate stable coins that then generate income from interest rates, Liquidity provision fees, and accrual of governance tokens. Some governance tokens are sold, others are used to optimise the rewards from other platforms.
For example, see this video on the Link Vault (Mark Jeffrey 13 mins).
https://twitter.com/markjeffrey/status/1300175793352445952
I expect the ETH vault may be similar, but may include Maker to generate the stable coins (rather than borrowing on Aave).
This video is a good intro on curve / yearn products (DeFIDad 31 mins) https://www.youtube.com/watch?v=yP-4pJpKbRU
All of these steps can be done by yourself, however, gas costs would be significant unless you have a large amount invested. Yearn, and vaults pay fees to the YFI protocol.

YFI
YFI is the token for yearn. There are only 30,000 issued. So, you can not earn them, you can:
1) Stake them for governance rewards
2) place in a yYFI vauly to gain more FYI
3) Use them as long term Ventrue capital funds within a DAO (coming soon (tm) ).

YFII, YVFV etc.
Forks of the YFI with different tokens / fees.

YAM, Sushi, YFII, etc.
To be completed…

Synthetix
To be completed...

Finally:
This is not financial advice.
There are multiple risks which get larger as more moving parts are added.
Errors and omissions expected.
Do you own research.
Comments and corrections welcomed
submitted by Over-analyser to ethfinance [link] [comments]

Forex Trading in Kenya.

Someone posted on here a few days ago asking about forex and forex trading in Kenya, I have gone through the responses and clearly, most people don’t have an idea. It is 3am in the morning and am in a good mood so let me make this post. This will be a comprehensive and lengthy post so grab a pen and paper and sit down. We’ll be here a while.
FIRST OF ALL, who am I..?
I am a forex trader, in Nairobi, Kenya..i have been actively involved in forex since I found out about it in Feb 2016 when I somehow ended up in a wealth creation seminar (lol) in pride inn Westlands, the one close to Mpaka Rd. Luckily for me, it was not one of those AIM global meetings or I’d be on Facebook selling God knows what those guys sell. I did not take it seriously till August of the same year and I have been active ever since.
I don’t teach, mentor or sell a course or signals, I trade my own money. I am also posting from a throwaway account because I don’t want KRA on my ass.
What the fuck is forex and forex trading.
In simple plain English, forex is like the stock market but for currencies. Stock Market = Shares, forex = currencies. If you want more in-depth explanation, google is your friend.
These currencies are pegged on specific countries, united states- dollar, UK- pound, euro zone- euro, Switzerland- Swiss franc, Kenya- Kenya shilling.. you get the point. Now, there are specific events and happenings between these economies that affect the movement and values of the currencies, driving their value (purchasing power up and down). Forex trading exploits these movements to make money. When the value is going up, we buy and vice versa (down –sell)
Is forex trading illegal in Kenya? Is it a scam?
Illegal, no. scam, no. All the banks in the world do it (KCB made about 4 billion from trading forex in 2019)
Have there been scams involving forex in Kenya?
Yes. Here is one that happened recently. This one is the most infamous one yet. Best believe that this is not the end of these type of scams because the stupidity, greed and gullibility of human beings is unfathomable.
However, by the end of this post, I hope you won’t fall for such silliness.
What next how do I make it work..?
Am glad you asked. Generally, there are two ways to go about it. One, you teach yourself. This is the equivalent of stealing our dad’s car and hoping that the pedal you hit is the brake and not the accelerator. It is the route I took, it is the most rewarding and a huge ego boost when you finally make it on your own. Typically, this involves scouring the internet for hours upon hours going down rabbit holes, thinking you have made it telling all your friends how you will be a millionaire then losing all your money. Some people do not have the stomach for that.
The second route is more practical, structured and smarter.
First Learn the basics. There is a free online forex course at www.babypips.com/learn/forex this is merely an introductory course. Basically it is learning the parts of a car before they let you inside the car.
Second, start building your strategy. By the time you are done with the babypips, you will have a feel of what the forex market is, what interests you, etc. Tip..Babypips has a lot of garbage. It is good for introductory purposes but not good for much else, pick whatever stick to you or jumps at you the first time. Nonsense like indicators should be ignored.
The next step is now the most important. Developing the skill and building your strategy. As a beginner, you want to exhaust your naivety before jumping into the more advanced stuff. Eg can you identify a trend, what is a pair, what is position sizing, what is metatrader 4 and how to operate it, what news is good for a currency, when can I trade, what are the different trading sessions, what is technical analysis, what is market sentiment, what are bullish conditions what is emotion management, how does my psychology affect my trading (more on this later) an I a swing, scalper or day trader etc
Mentors and forex courses.. you have probably seen people advertising how they can teach and mentor you on how to trade forex and charging so much money for it. Somehow it seems that these people are focused on the teaching than the trading. Weird, right..? Truth is trading is hard, teaching not quite. A common saying in the industry is “Those who can’t trade, teach” you want to avoid all these gurus on Facebook and Instagram, some are legit but most are not. Sifting the wheat from the chaff is hard but I did that for you. The info is available online on YouTube, telegram channels etc. am not saying not to spend money on a course, if you find a mentor whose style resonates with you and the course is reasonably priced, please, go ahead and buy..it will cut your learning curve in half. People are different. What worked for me might not work for you.
Here are some nice YouTube channels to watch. These guys are legit..
  1. Sam sieden
  2. Cuebanks
  3. TheCoinFx
  4. The trading channel
  5. Astro
  6. Forex family
  7. Wicksdontlie
Advanced stuff
  1. ICT
After a short period of time, you will be able to sniff out bs teachers with relative ease. You will also discover some of your own and expand the list. Two tips, start with the oldest videos first and whichever of these resonates with you, stick with till the wheels fall off.
How long will it take until things start making sense
Give yourself time to grow and learn. This is all new to you and you are allowed to make mistakes, to fail and discover yourself. Realistically, depending on the effort you put in, you will not start seeing results until after 6 months. Could take longeshorter so there is no guarantee.
Social media, Mentality, Psychology and Books
Online, forex trading might not have the best reputation online because it takes hard work and scammers and gurus give it a bad name. However, try to not get sucked into the Instagram trader lifestyle as it is nowhere close to what the reality is. You will not make millions tomorrow or the day after, you might never even make it in this market. But that is the reality of life. Nothing is promised, nothing is guaranteed.
Your mentality, beliefs and ego will be challenged in this market. You will learn things that will make you blood boil, you will ask yourself daily, how is this possible, why don’t they teach this in school..bla bla bla..it will be hard but growth is painful, if it wasn’t we’d all be billionaires. Take a break, take a walk, drink a glass of whatever you like or roll one..detox. Chill with your girl (or man) Gradually you will develop mental toughness that will set you up for life. Personally, I sorta ditched religion and picked up stoicism. Whatever works for you.
Psychology, this is unfortunately one of the most neglected aspects of your personal development in this journey. Do you believe in yourself? Can you stand by your convictions when everyone is against you? Can you get up every day uncertain of the future? There will be moments where you will question yourself, am I even doing the right thing? the right way? It is normal and essential for your growth. People who played competitive sports have a natural advantage here. Remember the game is first won in your head then on the pitch.
Books: ironically, books that helped me the most were the mindset books, Think and grow rich, trading for a living, 4 hour work week, the monk who sold his Ferrari..just google mindset and psychology books, most trading books are garbage. Watch and listen to people who have made it in the investing business. Ray Dalio, warren, Bill Ackman and Carl Icahn.
This is turning out to be lengthier than I anticipated so I’ll try to be brief for the remaining parts.
Brokers
You will need to open up an account with a broker. Get a broker who is regulated. Australian ones (IC Market and Pepperstone) are both legit, reliable and regulated. Do your research. I’d avoid local ones because I’ve heard stories of wide spreads and liquidity problems. International brokers have never failed me. There are plenty brokers, there is no one size fits all recommendation. If it ain’t broke..don’t fix it.
Money transfer.
All brokers accept wire transfers, you might need to call your bank to authorize that, avoid Equity bank. Stanchart and Stanbic are alright. Large withdrawals $10k+ you will have to call them prior. Get Skrill and Neteller if you don’t like banks like me, set up a Bitcoin wallet for faster withdrawals, (Payoneer and Paypal are accepted by some brokers, just check with them.)
How much money can I make..?
I hate this question because people have perceived ceilings of income in their minds, eg 1 million ksh is too much to make per month or 10,000ksh is too little. Instead, work backwards. What % return did I make this month/ on this trade. Safaricom made 19.5% last year, if you make 20% you have outperformed them. If you reach of consistency where you can make x% per month on whatever money you have, then there are no limits to how much you can make.
How much money do I need to start with..?
Zero. You have all the resources above, go forth. There are brokers who provide free bonuses and withdraw-able profits. However, to make a fulltime income you will need some serious cash. Generally, 50,000 kes. You can start lower or higher but if you need say 20k to live comfortably and that is a 10% return per month, then you can do the math on how big your account should be. Of course things like compound interest come into play but that is dependent on your skill level. I have seen people do spectacular things with very little funds.
Taxes..?
Talk to a lawyer or an accountant. I am neither.
Family? Friends?
Unfortunately, people will not understand why you spend hundreds of hours watching strangers on the internet so it is best to keep it from them. Eventually you will make it work and they will come to your corner talking about how they always knew you’d make it.
The journey will be lonely, make some trading buddies along the way. You’d be surprised at how easy it is when people are united by their circumstances (and stupidity) I have guys who are my bros from South Africa and Lebanon who I have never met but we came up together and are now homies. Join forums, ask questions and grow. That is the only way to learn. Ideally, a group of 5-10 friends committed to learning and growth is the best model. Pushing each other to grow and discovering together.
Forex is real and you can do amazing things with it. It is not a get rich quick scheme. If you want a quick guaranteed income, get a job.
And now it is 5am, fuck.
This is oversimplified and leaves out many many aspects.
Happy to answer any questions.
submitted by ChaliFlaniwaNairobi to Kenya [link] [comments]

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