Square's Major Bitcoin Buy: Puts 1% of Total Assets Worth ...

Ethereum Classic

Ethereum Classic is an open, decentralized, and permissionless public blockchain, that aims to fulfill the original promise of Ethereum, as a platform where smart contracts are free from third-party interference. ETC prioritizes trust-minimization, network security, and integrity. All network upgrades are non-contentious with the aim to fix critical issues or to add value with newly proposed features; never to create new tokens, or to bail out flawed smart contracts and their interest groups.
[link]

Square sold over half a billion dollars worth of bitcoin in 2019, outpacing broader crypto exchange volume growth in Q4. Square volumes were more inline with Binance U.S. which saw ~$250 million worth of bitcoin volume in 4Q.

Square sold over half a billion dollars worth of bitcoin in 2019, outpacing broader crypto exchange volume growth in Q4. Square volumes were more inline with Binance U.S. which saw ~$250 million worth of bitcoin volume in 4Q. submitted by jeffyal to CryptoCurrencyTrading [link] [comments]

Daily Crypto Morning Update – Square, Binance Institute, Bitcoin Cash ABC vs Bitcoin SV- BTC $6400

Daily Crypto Morning Update – Square, Binance Institute, Bitcoin Cash ABC vs Bitcoin SV- BTC $6400 submitted by Rufflenator to 3bitcoins [link] [comments]

Daily Crypto Morning Update – Square, Binance Institute, Bitcoin Cash ABC vs Bitcoin SV- BTC $6400

Daily Crypto Morning Update – Square, Binance Institute, Bitcoin Cash ABC vs Bitcoin SV- BTC $6400 submitted by ososru to Bitcoin4free [link] [comments]

Square Reveals 72% Surge in Bitcoin Buys – BTC, Ethereum, XRP, Litecoin, Binance Coin, Bitcoin Cash, Tron, EOS, Cardano, Stellar Forecasts

Square Reveals 72% Surge in Bitcoin Buys – BTC, Ethereum, XRP, Litecoin, Binance Coin, Bitcoin Cash, Tron, EOS, Cardano, Stellar Forecasts submitted by n4bb to CoinPath [link] [comments]

Crypto Tidbits: Square Looks To Bolster Bitcoin, Binance Goes Down Under, SBI Delves Into Mining

Crypto Tidbits: Square Looks To Bolster Bitcoin, Binance Goes Down Under, SBI Delves Into Mining submitted by leftok to atbitcoin [link] [comments]

Crypto Tidbits: Square Looks To Bolster Bitcoin, Binance Goes Down Under, SBI Delves Into Mining - newsBTC

Crypto Tidbits: Square Looks To Bolster Bitcoin, Binance Goes Down Under, SBI Delves Into Mining - newsBTC submitted by prnewswireadmin to cryptonewswire [link] [comments]

Crypto Tidbits: Square Looks To Bolster Bitcoin, Binance Goes Down Under, SBI Delves Into Mining

Crypto Tidbits: Square Looks To Bolster Bitcoin, Binance Goes Down Under, SBI Delves Into Mining submitted by ThrillerPodcast to thrillerpodcast [link] [comments]

Crypto Tidbits: Square Looks To Bolster Bitcoin, Binance Goes Down Under, SBI Delves Into Mining - newsBTC

Crypto Tidbits: Square Looks To Bolster Bitcoin, Binance Goes Down Under, SBI Delves Into Mining - newsBTC submitted by ulros to fbitcoin [link] [comments]

Binance Moves More Bitcoin In A Day Than Square Did in All of 2018

Binance Moves More Bitcoin In A Day Than Square Did in All of 2018 submitted by cryptoallbot to cryptoall [link] [comments]

Binance Moves More Bitcoin In A Day Than Square Did in All of 2018

Binance Moves More Bitcoin In A Day Than Square Did in All of 2018 submitted by ulros to fbitcoin [link] [comments]

Binance Moved More Bitcoin In A Day Than Square Did In All Of 2018

submitted by ThrillerPodcast to thrillerpodcast [link] [comments]

Binance Moves More Bitcoin In A Day Than Square Did in All of 2018

Binance Moves More Bitcoin In A Day Than Square Did in All of 2018 submitted by leftok to atbitcoin [link] [comments]

Binance Moves More Bitcoin In A Day Than Square Did in All of 2018

Binance Moves More Bitcoin In A Day Than Square Did in All of 2018 submitted by Ranzware to BitNewsLive [link] [comments]

02-05 09:12 - 'Here’s why Square’s Cash App is the most SECURE way to buy BTC (and why you should STOP using Binance, Coinbase, Bitfinex etc)' (self.Bitcoin) by /u/xav-- removed from /r/Bitcoin within 315-325min

'''
After seeing crypto exchange after crypto exchange getting hacked... I wanted to write the following.
So here’s my top #3 reasons why Square’s Cash App is much, much more secure than any other exchange right now (at least centralized exchange):
And you know why they are well capitalized? Because they aren’t a freaking bank like a Crypto exchange. They are a payment processing company. They are just doing BTC on the side.
I don’t know the balance sheet of coinbase or Bitfinex, but there is no way that you are going to see that kind of leverage. Expect more likely $1 of equity for every $10 of crypto. Square probably has more like $10 of equity for every $1 of crypto.
And that’s my point with Square.... their Bitcoin is pocket change for them. They are like Coinbase with a proper insurance. They would probably lose more money in PR relation from having their BTC stolen than by the hack itself.
I doesn’t seem conceivable to me that bitcoin holders would not get their BTC back in the event of a hack.
That in my opinion is what makes Square by very far the more secure way to buy BTC (at least as a centralized exchange).. their BTC is pocket change to them!!!
I would highly recommend those who keep their BTC on exchanges to simply use them.
Not to mention: - NO SHITCOIN - just BTC! - Jack Dorsey is a Bitcoin maximalist
[link]1
...disclaimer: Square’s Cash App is only available in the US I believe :(
'''
Here’s why Square’s Cash App is the most SECURE way to buy BTC (and why you should STOP using Binance, Coinbase, Bitfinex etc)
Go1dfish undelete link
unreddit undelete link
Author: xav--
1: *o*tu.be/***1Wi42E9E
Unknown links are censored to prevent spreading illicit content.
submitted by removalbot to removalbot [link] [comments]

Daily Crypto Morning Update - Square, Binance Institute, Bitcoin Cash ABC vs Bitcoin SV- BTC $6400

Daily Crypto Morning Update - Square, Binance Institute, Bitcoin Cash ABC vs Bitcoin SV- BTC $6400 submitted by InMarvin to CryptoCurrency [link] [comments]

I bought $1k of the Top 10 Cryptos on January 1st, 2018 (Oct Update - Month 34)

I bought $1k of the Top 10 Cryptos on January 1st, 2018 (Oct Update - Month 34)

EXPERIMENT - Tracking Top 10 Cryptos of 2018 - Month Thirty-Four - Down -74%
See the full blog post with all the tables here.
tl;dr
  • I'll give the first one to find the four hidden cultural references some moons.
  • What's this all about? I purchased $100 of each of Top Ten Cryptos in Jan. 2018, haven't sold or traded. Did the same in 2019 and 2020. Learn more about the history and rules of the Experiments here.
  • October - BTC and Litecoin had a very good month and crypto as a whole did much better than traditional markets.
  • Overall since Jan. 2018 - Bitcoin still far ahead. And, for the first time since I started this experiment back in Jan. 2018, I'm happy to report: BITCOIN HAS BROKEN EVEN!!!
  • Combining all three three years, Top Ten cryptos is tied with the S&P if I'd taken a similar approach.

Month Thirty Four – Down 74%

2018 Top Ten Summary for October
After an all-red September, it’s nice to see a bit of green this month. Thanks mainly to Bitcoin, the 2018 Top Ten Portfolio finished October with modest gains overall.
But, STOP THE PRESS, what is that!??! Green in the “Total % Change” column!?!? Yes indeed: for the first time in 34 monthly updates, I’m happy to announce that BTC ended October worth more than the price I paid for it on the 31st of December, 2017. Although only up +4% overall, it’s been a long road: this small 2018 Top Ten victory is to be celebrated.

Question of the month:

In October, this global payment service announced it will support cryptocurrency buying, selling, and shopping through its platform.

A) Paypal
B) Square
C) Stripe
D) Alipay
Scroll down for the answer.

Ranking and October Winners and Losers

Rank of 2018 Portfolio - 40% of cryptos are drop outs
Not much movement this month, a bit strange for the 2018 Top Ten Portfolio. Only three cryptos shifted positions in October: NEM’s Top Twenty hopes seem to be fading fast (it dropped from #22 to #24); XLM picked up one spot (#18 to #17); and, much to the relief of long time crypto-ers with a soft spot for the silver to BTC’s gold, Litecoin was able to stop its freefall, rebounding back into the Top Ten nicely, picking up four spots (#12 to #8). Welcome back LTC.
Drop outs: After thirty-four months of this experiment 40% of the cryptos that started 2018 in the Top Ten have dropped out. NEM, Dash, IOTA, and Stellar have been replaced by Binance Coin, Tether, LINK, and most recently, DOT.
October Winners – For the second month in a row, this month’s W goes to Bitcoin, up +25% for the month. Litecoin finishes the month in second place, up 17% and climbing back into the Top Ten.
October Losers – For the second month in a row, this month’s L goes to NEM, down -16%. IOTA finished down -11%, the second worst performer of the month.
For the overly competitive nerds, below is a tally of the winners of the first 34 months of the 2018 Top Ten Crypto Index Fund Experiment. Bitcoin still has the most monthly wins (9) and Cardano in second place with 6 monthly wins. With another poor performance in October, NEM now has 8 monthly losses.
Every crypto has at least one monthly win and Bitcoin is unique as the only cryptocurrency that hasn’t lost a month yet since January 2018.
Ws and Ls - One coin to rule them all

Overall update – BTC far ahead and breaks even, ETH in distant second place. Dash in last place.

So here we are: point break even. On the 31st of December, 2017, I bought $100 worth of BTC (0.008) at $13,170. Nearly three years later that same 0.008 is worth $13,665. Although only 4%, it’s a symbolic victory and one that’s been a long time coming. The initial investment of $100 thirty-three months ago is now worth about $83. A distant second place, Ethereum is down -45% since January 2018.
At this point in the 2018 Top Ten Experiment, Dash is at the bottom. It has lost -93%. The initial $100 invested in Dash 34 months ago is now worth $6.52.
The 2018 Portfolio welcomed LTC back Top Ten in October. September 2020 was the first time since I started the experiment back in January 2018 that Litecoin had fallen out of the Top Ten.

Total Market Cap for the entire cryptocurrency sector:

Total market cap - back over the $400B mark for the first time in over 2.5 years
The crypto market gained about $50B in finished October over the psychologically important $400B mark, a level we haven’t seen since the end of April 2018.

Bitcoin dominance:

BitDom - growing
After a few months of dipping, BitDom shot back up to 63.1% in October. A big move, but for context, it was up over 68% earlier in 2020.
For even more context: since the beginning of the experiment, the range of Bitcoin dominance has been quite wide: we saw a high of 70% BitDom in September 2019 and a low of 33% BitDom in February 2018.

Overall return on $1,000 investment since January 1st, 2018:

2018 Top Ten ROI
The 2018 Top Ten Portfolio gained about $25 bucks in October. Despite BTC breaking even, the portfolio overall is still struggling: if I cashed out today, the $1000 initial investment would return about $264, down -74% from January 2018.
Down -74% sounds bad (and it is), but the overall direction lately has been encouraging and a nice break from the negative eighties. Here’s a look at the ROI over the life of the experiment, month by month, for some context:

2018 Top Ten Monthly ROI - Red, red, red
The absolute bottom was -88% back in January 2019.
So the Top Ten Cryptos of 2018 are down -76%. What about the 2019 and 2020 Top Tens? Let’s take a look:
So overall? Taking the three portfolios together, here’s the bottom bottom bottom line:
After a $3000 investment in the 2018, 2019, and 2020 Top Ten Cryptocurrencies, my combined portfolios are worth $‭3,537‬ ($264+ $1,660 +$1,613).
That’s up about +18% for the three combined portfolios, compared to +11% last month.
Here’s a table to help visualize:
Combined 2018, 2019, 2020 ROI
That’s a +18% (actually +17.9%) gain by investing $1k on whichever cryptos happened to be in the Top Ten on January 1st for three straight years.
But surely you’d do better if you went all in on one crypto, right?
Depends on your choice. Let’s take a look:
Three year club: BTC and ETH tied
Only five cryptos have started in the Top Ten for all three years: BTC, ETH, XRP, BCH, and LTC. Knowing what we know now, which one would have been best to go all in on?
As of this month, it’s basically a tie between BTC and ETH. Both are up +121%, (although BTC is technically $21 ahead of ETH).
So: with $3,000 USD, dropped in $1k chunks on January 1st three times in a row since New Year’s Day 2018, you would be up +121%, by going all in on either BTC or ETH.
The worst choice? At this point in the experiment, that would be XRP, down -32%.

Comparison to S&P 500:

I’m also tracking the S&P 500 as part of the experiment to have a comparison point with other popular investments options. The S&P 500 Index continued its fall from an all time high in August. It ended October up +22% since January 2018.

Monthly S&P since January 2018
The initial $1k investment into crypto on January 1st, 2018 would have been worth about $1220 had it been redirected to the S&P.
But what if I took the same invest-$1,000-on-January-1st-of-each-year approach with the S&P 500 that I’ve been documenting through the Top Ten Crypto Experiments? Here are the numbers:
  • $1000 investment in S&P 500 on January 1st, 2018 = $1220 today
  • $1000 investment in S&P 500 on January 1st, 2019 = $1300 today
  • $1000 investment in S&P 500 on January 1st, 2020 = $1010 today
Taken together, here’s the bottom bottom bottom line for a similar approach with the S&P:
After three $1,000 investments into an S&P 500 index fund in January 2018, 2019, and 2020, my portfolio would be worth $3,530.
That is up +17.6% since January 2018. Compared to a +17.9% gain of the combined Top Ten Crypto Experiment Portfolios. You can compare against five individual coins (BTC, ETH, XRP, BCH, and LTC) by using the table above if you want.
Gentlemen and lady (hello lady, I see you back there) we have a tie.
Well, not quite a tie, crypto is up .3% so crypto gets the win:
Three year S&P vs. Top Ten Crypto Experiments Combined ROI
That’s seven monthly victories for the S&P vs. three monthly victories for crypto. The largest gap so far was a 22% difference in favor of the S&P in June.

Conclusion:

October saw a bit of divergence between crypto and the S&P: crypto up, S&P down. That separation is nice to see when it often seems that crypto moves in tandem with traditional markets. Two more months left in the year. What more will 2020 throw at us? And how will crypto and traditional markets respond?
Thanks for reading and for supporting the experiment. I hope you’ve found it helpful. I continue to be committed to seeing this process through and reporting along the way. Feel free to reach out with any questions and stay tuned for progress reports. Keep an eye out for my parallel projects where I repeat the experiment twice, purchasing another $1000 ($100 each) of two new sets of Top Ten cryptos as of January 1st, 2019 then again on January 1st, 2020.

And the Answer is…

A) Paypal
Paypal announced in October that it will allow customers to buy, sell, and hold Bitcoin and other cryptocurrencies. Customers will also be able to pay with crypto at 26 million merchants on its network starting in early 2021.
submitted by Joe-M-4 to CryptoCurrency [link] [comments]

This is it! Bull run is here....

Huge waves have been this month in the bitcoin market.
Companies such as Greyscale, Square, Coinshares, and more purchased almost 7 billion worth of bitcoin.
Paypal started supporting Bitcoin and other cryptocurrencies.
If this isn't enough to convince you to about bitcoins legitimacy then I am not sure what is.
This is the time to get into Bitcoin!
Want to store bitcoin? Try...
Hardware: Ledger, Trezor,
Desktop: Electrum, Exodus
Mobile: MyCelium
Want to buy bitcoin? Try...
Exchanges: Coinbase, Kraken, Binance, Bitstamp, Bitpanda, WazirX
P2P: LocalBitcoins, Paxful
Bitcoin ATM
Want to accept bitcoin payments on your website? Try...
CoinPayments, Blockonomics, Coingate, BTCPay Server
Want to create bitcoin invoices? Try...
Blockonomics, Crypto Invoice

Some safety measures to take care of when dealing with bitcoin.
submitted by primalfabric to Bitcoin [link] [comments]

Bitcoin Supply

With all these companies buying/selling bitcoin now (Square, Paypal, Venmo) and the already tens of exchanges (Binance, coinbase, etc) how do all of them have enough bitcoin on hand to sell to its customers. 21 million (not even all mined yet) I feel like they don't actually all have the amounts of bitcoin/crypto. Maybe someone can enlighten me.
submitted by TAKgod123 to CryptoCurrency [link] [comments]

Merchandise idea: Moonopoly!

In response to the post about merchandise pinned here , I was wondering would it be possible to create a custom cryptocurrency version of Monopoly called (of course) Moonopoly! Christmas is just around the corner and it would make a great gift to a fellow crypto enthusiast, or could even be given out as prizes!  
Anyway, regardless of whether or not this is a good idea that can be taken seriously, or something completely ridiculous, I figured we could have some fun now deciding how this game would hypothetically be played and allocating the squares for the board. Here are my ideas:  
It would work just like normal Monopoly which we're all familiar with. But instead of being handed out a set amount of $ or whatever, the currency for Moonopoly could be Dai/Satoshis...or even Moons!  
Instead of the 28 properties we could have 28 cryptos. (Just like in standard monopoly, their value doesn't have to be exact to real life.) Bitcoin and Etherum are the equivalent of the premium properties (Mayfair and Park Lane on UK Monopoly). Perhaps nano could be the cheap Old Kent Road (Don't hate me nano fans, I love nano really. In fact nano could be the Free Parking square!)  
So let's say you land on the Bitcoin (Mayfair) square and want to buy it. That will cost you 0.1 BTC. If someone lands on it, they have to give you 0.01 BTC. Instead of building houses and hotels, you can add more Bitcoins/Eth etc, which would then increase the amount someone would have to pay when they land on your crypto.  
The 4 railroads could be exchanges (Binance, Coinbase etc.) and perhaps the two utilities could be something deFi like Uniswap and Honeyswap.  
We could have a lot of fun with the Chance and Community Chest cards. Here are some ideas:  
-You entered your seed in a phishing site. Pay 0.3 BTC.  
-You've received an airdrop. Collect 0.2 BTC.  
-Binance has been hacked. Pay 0.5 BTC.  
-Bullrun confirmed! Collect 0.4 BTC.  
-The ICO you invested in has exit scammed. Pay 0.2 BTC.  
-You didn't file your crypto taxes. Go to jail. Don't pass Go. Don't collect 0.1 BTC...  
For the pieces (i.e. the dog, the boot, the hat..) we could have:  
-Doge  
-Carlos Matos  
-Bogdanoff  
-Victor Cobra?  
Alright, it might sound a bit silly. I mean who are we going to play this with? But let's not worry about that. I want to know, what would you have on your Moonopoly board?
submitted by crypto_grandma to CryptoCurrency [link] [comments]

Recommended place to buy bitcoin here?

Hello there, first time lurker. I’ve been looking at crypto for a bit since the start of covid and am amazed at recent news of publicly listed companies like MicroStrategy and Square using their treasury to buy bitcoin. Even more so it was me missing the opportunity to buy btc at P200k in march!
Anyway, i’ve been looking at local options and have found Coins, Bloom, Buybitcoin, PDAX, etc. which would you recommend and why? I find that Binance keeps their currency in USD so i’m not exactly comfortable trading there.
Thanks in advance!
submitted by perrythedogwalker to phinvest [link] [comments]

Tiền ảo tăng giá - Bitcoin liên tục tăng giá trong năm 2020, giá Bitcoin áp sát 14.000 USD/BTC

Tiền ảo tăng giá – Khi nghe đến điều này chắc hẳn các nhà đầu tư tiền ảo sẽ rất vui mừng. Trong đó Bitcoin là đồng có giá trị tăng trưởng nhiều nhất và vượt trội hơn hẳn. Bạn có biết rằng Bitcoin sắp cán mốc 14.00 USD/BTC? Vậy hôm nay chúng ta hãy cùng nhau điểm lại chút tin tức về sự kiện đồng Bitcoin tăng giá này nhé!
Mục lục
  1. 1. Tiền ảo tăng giá – Bitcoin sắp cán mốc 14.000USD/BTC
  2. 2. Lý do tiền ảo Bitcoin tăng giá
  3. 3. Các loại tiền ảo tăng giá theo Bitcoin
  4. 4. Lời kết

Tiền ảo tăng giá – Bitcoin sắp cán mốc 14.000USD/BTC

📷
Tiền ảo tăng giá - Bitcoin sắp chạm mốc 14.000 USD/BTC

Lý do tiền ảo Bitcoin tăng giá

Nguyên nhân khiến tiền ảo tăng giá gần đây là do ngày càng nhiều tập đoàn, công ty lớn để mắt đến đồng coin này. Họ coi nó như một loại tài sản an toàn và chấp nhận Bitcoin trong các giao dịch mua sắm.
Một số giao dịch gần đây đã kích hoạt sự tăng trưởng của Bitcoin có thể kể đến như Square đã mua hơn 50 triệu đô la Bitcoin như một phần dự trữ của mình. Không chỉ Square mà còn cả Micro Strategy đã mua 38.250 BTC như một khoản dự trữ. Paypal chính thức bước vào không gian tiền điện tử bằng cách cho phép người dùng thanh toán các dịch vụ bằng tiền điện tử vào năm 2021.
Và tin tức gần đây nhất là một trong những ngân hàng lớn nhất ở Singapore, Ngân hàng DBS cũng đã tham gia thị trường tiền kỹ thuật số bằng cách tung ra các dịch vụ giao dịch và lưu ký tiền điện tử. Nó còn triển khai một nền tảng để cung cấp mã thông báo bảo mật.
Dịch vụ tiền điện tử của Ngân hàng DBS sẽ là một sàn tiền ảo tốt nhất với sự hỗ trợ cho năm loại tiền chính "BTC, ETH, XRP, BCH và ETC".
Tin vui liên tiếp đã khiến giá Bitcoin tăng vọt và gần chạm mốc 14.000 USD. Theo Raoul Pal, cựu giám đốc quỹ đầu cơ của Goldman Sachs và Giám đốc điều hành của Realvision, nếu giá Bitcoin vượt mốc 14.000 USD thì rất có thể nó sẽ thiết lập lại kỷ lục cũ là 20.000 USD. Điều này khá hợp lý, vì từ 14.000 USD trở đi, sẽ có rất ít vùng ngăn cản giá Bitcoin.
📷
Lý do khiến tiền ảo tăng giá - Bitcoin đạt mốc quan trọng

Các loại tiền ảo tăng giá theo Bitcoin

Nói tóm lại, thị trường tiền ảo hôm nay đang chứng kiến ​​sự phân hóa mạnh mẽ. Bất chấp những tin tức bất lợi đến từ thị trường tài chính toàn cầu, giá Bitcoin vẫn bay cao, cùng với sự tăng trưởng tốt của 10 đồng tiền hàng đầu.

Lời kết

Thị trường tiền ảo luôn luôn đầy sự biến đồng và tiền ảo tăng giá hoặc giảm giá bất cứ lúc nào. Nhưng như chúng ta đây thấy đây, thì lúc này tiền ảo đang trên đà vực dậy và khởi sắc thêm lần nữa. Khi mà hàng loạt đồng tiền ảo liên tục tăng giá, đặc biệt trong đó là Bitcoin. Bạn cũng có thể tham khảo bài viết về giá tiền ảo, dự đoán giá tiền ảo tại đây.
Cập nhật thông tin mới nhất về tiền ảo tại website: https://santienaototnhat.com/
submitted by Background_Hearing56 to u/Background_Hearing56 [link] [comments]

$1,000 invested in Top 10 Cryptos of 2019 now worth $1,260 (UP +26%)

$1,000 invested in Top 10 Cryptos of 2019 now worth $1,260 (UP +26%)
EXPERIMENT - Tracking Top 10 Cryptos of 2019 - Month Eighteen - UP +26%
See the full blog post with all the tables here.
tl;dr - Tether (as it's designed to do) holds its ground, all others finish the month in negative territory. Tron finishes June in second place, down -2%. BSV loses nearly 25% of value in June. Overall, since January 2019, BTC in lead, ETH takes over second place, XRP still worst performing. The 2019 Top 10 is up +26% almost equal to the the gains of the S&P 500 over the same time period (+24%).

Month Eighteen – UP 26%

Not a great month for the 2019 Top Ten
After a strong April and a mixed May, June was bloody for the 2019 Top Ten Cryptos. Stablecoin Tether was the only crypto to hold its ground, as it was designed to do.

Question of the month:

According to a June article citing unnamed sources, which two FinTech companies are planning to allow their users to buy and sell crypto directly?

A) Paypal and Venmo B) Square and Cashapp C) Robinhood and Revolut D) Sofi and Coinbase
Scroll down for the answer.

Ranking and June Winners and Losers

XRP and Stellar slipped one place each in the rankings in June, now at #4 and #14 respectively. EOS fell two spots to #11 and joins Stellar and Tron as the only three cryptos to have dropped out of the 2019 Top Ten since January 1st, 2019. They have been replaced by Binance Coin, Cardano, and newcomer CRO.
Tether was the only crypto to move up in rank in June.
Not a good sign when Tether is the only crypto to move up.
Not a good sign when Tether enters the Top 3.
June WinnersTether. Second comes Tron, which basically held its ground at -2%.
June LosersBSV lost -23% of its value in June making it the worst performing of the 2019 Top Ten portfolio. EOS had a rough month as well, down -17%, dropping two spots in the rankings, and falling out of the Top Ten.
If you’re keeping score, here is tally of which coins have the most monthly wins and loses during the first 18 months of the 2019 Top Ten Experiment: Tether is still in the lead with six monthly victories followed by BSV in second place with three. BSV also holds the most monthly losses, finishing last in seven out of eighteen months. The only crypto not to win a month so far? XRP. (In fairness, XRP has also not lost any month yet).

Overall update – BTC in lead, ETH takes over second place, XRP still worst performing

BTC is out front for the second straight month and ETH has taken over second place from BSV. Ahead until April, BSV has simply not keep up with the pack over the last two months. Bitcoin is up +144% since January 2019. The initial $100 investment in BTC is currently worth $249.
Eighteen months in, 50% of the 2019 Top Ten cryptos are in the green since the beginning of the experiment. The other five cryptos are either flat or in negative territory, including last place XRP (down -50% since January 2019).

Total Market Cap for the entire cryptocurrency sector:

The crypto market as a whole is down about $20B in June, but still up +106% since January 2019.

Bitcoin dominance:

BitDom finally wobbled in June, but not by much – it’s been in a very familiar zone for months now, indicating a lack of excitement (or at least a low risk tolerance) for altcoins. Taking a wider view, the Bitcoin Dominance range since the beginning of the experiment in January 2019 has ranged between 50%-70%.

Overall return on investment since January 1st, 2019:

The 2019 Top Ten Portfolio lost almost $175 in June. After the initial $1000 investment, the 2019 group of Top Ten cryptos is worth $1,259. That’s up about +26%.
Here’s a look at the ROI over the life of the first 18 months of the 2019 Top Ten Index Fund experiment, month by month:
18 months of ROI, mostly green
Unlike the completely red table you’ll see in the 2018 Top Ten Experiment, the 2019 crypto table is almost all green. The first month was the lowest point (-9%), and the highest point (+114%) was May 2019.
How does the 2019 Top Ten Index Fund Portfolio compare to the parallel projects?
Taking the three portfolios together, here’s the bottom bottom bottom line:
After a $3000 investment in the 2018, 2019, and 2020 Top Ten Cryptocurrencies, the combined portfolios are worth $2,710‬.
That’s down about -10% for the three combined portfolios. Last month that figure was +4%. Better than a few months ago (aka the zombie apocalypse) where it was down -24%, but not yet back at January (+13%) or February (+6%) levels.
Here’s a new table to help visualize the progress of the combined portfolios:
ROI of all three combined portfolios - not exactly inspiring
How do crypto returns compare to traditional markets?

Comparison to S&P 500:

Good thing I’m tracking the S&P 500 as part of my experiment to have a comparison point with other popular investments options. Even with unemployment, protests, and COVID, the US market continued to rebound in June. It’s now up +24% in the last 18 months.
The initial $1k investment I put into crypto would be worth $1,240 had it been redirected to the S&P 500 in January 2019.
As a reminder (or just scroll up) the 2019 Top Ten portfolio is returning +26% over last 18 months, just about equal to the return of the S&P 500 over the same time period. Just last month the ROI of the 2019 Top Ten crypto portfolio was nearly double the S&P 500 since January 1st, 2019.
But what if I took the same world’s-slowest-dollar-cost-averaging/$1,000-per-year-in-January approach with the S&P 500? It would yield the following:
  • $1000 investment in S&P 500 on January 1st, 2018: +$170
  • $1000 investment in S&P 500 on January 1st, 2019: +$240
  • $1000 investment in S&P 500 on January 1st, 2020: -$40
Taken together, here’s the bottom bottom bottom line for a similar approach with the S&P:
After three $1,000 investments into an S&P 500 index fund in January 2018, 2019, and 2020, my portfolio would be worth $3,370.
That $3,370 is up over+12% since January 2018, compared to the $2,710 value (-10%) of the combined Top Ten Crypto Experiment Portfolios. Here’s another new table that compares the ROI of the combined crypto portfolios to a hypothetical similar approach with the S&P 500:
We see in June the largest difference in favor of the S&P since the beginning of 2020: a 22% gap. Compare that February, when there was only a 1% difference in ROI.

Implications/Observations:

Since January 2019, the crypto market as a whole has gained +106% compared to the 2019 Top Ten Crypto Portfolio which has gained +26%. That’s an 80% gap.
At this point in the 2019 Experiment, an investor would have done much better picking different cryptos or investing in the entire market instead of focusing only on the 2019 Top Ten. Over the course of the first 18 months of tracking the 2019 Top Ten, there have been instances this was a winning strategy, but the cases have been few and far between.
The 2018 Top Ten portfolio, on the other hand, has never outperformed the overall market, at least not in the first thirty months of that Experiment.
And for the most recent 2020 Top Ten group? The opposite had been true: the 2020 Top Ten had easily outperformed the overall market 100% of the time…up until the last two months.

Conclusion:

As the world continues to battle COVID, traditional markets seem to be recovering. Will crypto make a significant move in the second half of 2020?
Final word: Stay safe and take care of each other.
Thanks for reading and for supporting the experiment. I hope you’ve found it helpful. I continue to be committed to seeing this process through and reporting along the way. Feel free to reach out with any questions and stay tuned for progress reports. Keep an eye out for the original 2018 Top Ten Crypto Index Fund Experiment and the recently launched 2020 Top Ten Experiment.

And the Answer is…

A) Paypal and Venmo
According to a Coindesk report in June, three sources familiar with the matter say that Paypal and Paypal-owned Venmo are planning to allow their users to buy and sell crypto. Paypal has declined to comment.
submitted by Joe-M-4 to CryptoCurrency [link] [comments]

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#565 Binance 100k für DEX Tester, Bitcoin Erpressung mit ...

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