This seemed relevant : https://tokenbox.io/ https://tokenbox.io/docs/Tokenbox-LightPaper-En.pdf This is an ICO. Private presale is on now for those with $50k min. Public crowdsale starts in 16 hours.
I just want to make clear, almost all ICOs are scams. Reading the source code should be the first step in a vetting process.
There are ICO stats sites tracking the history of (all?) ICO's in spreadsheets. I will look for a column denoting whether an ICO was a "scam" (but not the Jamie Dimon definition). There are columns, however, that keep track of ROI to date and it appears almost any portfolio, even with L's, could be positive with a generally expected return of about 3x, or the opportunity to grab 3x on average. If this is doable within a cycle of 3 months, then there appears to be an opportunity to do 10-12x annual (USD risk capital), despite the losers (and/or scammers), with a relatively smooth curve. About your projected 10x return, we have to consider the performance of BTC, which went up 10x this past year, for buy-and-holders. I know of a good trader, currently migrating from stocks to cryptos, who admits he did not make as much as the BTC buy-and-holders, but can boast of a steady equity curve instead. This is because his style is more like volatility pumping, which does great in a sideways market, but falls behind in a strong uptrend. He ladders in and out, discussing his method in YouTube and on Steemit, to an enthusiastic following. Of note is his discipline and patience to wait for those sizable dips that come along maybe only 8 times a year. It's nice to know there are people like him just waiting to buy up any 30% dip with a relatively high % of risk capital. I hope you will be adding to that weight, for the sake of us who may prefer to buy and hold. But the big, elusive prize is how to accumulate more BTC, and 10x BTC annual would be epic, so i hope you can clarify. Through the Jan-July BTC bull, a portfolio of 100 alts, purchased on Jan 1st, would have gotten 2x BTC (depite a handful of L's...scams?). Then the alt market died for 4 months. So it is very challenging to get 10x BTC, although a small handful of alts did, and some will continue to outperform. Regarding this particular ICO, one of many trading oriented ICO's coming out, just because they are from Russia, and will be conducting their ICO under Caymen Island jurisdiction doesn't mean they are a scam! Er...
What exchanges do you recommend? What coins do you like to trade? On GDAX, ETH going from around $300 to .10c was something. It's probably things like that you're seeking in this crazy crypto land. lol Coinbase has had instances where it goes "service unavailable" during many big sell offs as well so I'm wary of crypto exchanges at this point. Have seen a lot of customer issues with coinbase and poloniex. Deposit, withdrawal process problems, customer service taking weeks to respond ect. Bitfinex being hacked, Bitfinex making USD Tethers out of thin air. Things like that make me wary. Definitely don't hold too much at any one exchange, IMO. Haven't tried Bitmex, they don't take US customers. They offer 100x leverage and seem to have some crazy blowouts over there. Wild west I tell ya. CME futures come 2nd week in DEC. Will be interesting.
Just saw this as well this morning... "Clients of San Francisco-based Kraken are seeing slow responses from the website, connection timeouts and delays in withdrawals, the cryptocurrency exchange said in a statement late Tuesday." https://www.bloomberg.com/news/arti...nge-that-cme-plans-to-use-for-futures-is-down Again, my question to Garachen, what exchanges do you recommend at this point ? Do you have a list of exchanges you're hooked up to that you could rank from most reliable to least reliable?
I connect to the top 12 by volume. But not Kraken or Poloniex. I prefer ones outside the US because they are more competitive.
I started trading bitcoins last week in sim. You are 100% correct. Trade with a big stop loss and take profit with good risk to reward ratio.
When I looked at one of the brokers the depth of market didn't match actual price. I guessed it wasn't accurate.