Can you Make Money Online Via Drop Shipping For Bitcoin?

Your Pre Market Brief for 07/23/2020

Pre Market Brief for Thursday July 23rd 2020

You can subscribe to the daily 4:00 AM Pre Market Brief on The Twitter Link Here . Alerts in the tweets will direct you to the daily 4:00 AM Pre Market Brief in this sub.
Morning Research and Trading Prep Tool Kit
The Ultimate Quick Resource For the Amateur Trader.
Updated as of 3:30 AM EST
-----------------------------------------------
Stock Futures:
Wednesday 07/22/2020 News and Markets Recap:
Thursday July 23rd 2020 Economic Calendar (All times are Eastern)
(JOBLESS NUMBERS TODAY)
News Heading into Thursday July 23rd 2020
NOTE: PLEASE DO NOT YOLO THE VARIOUS TICKERS WITHOUT DOING RESEARCH. THE TIME STAMPS ON THE FOLLOWING ARTICLES MAY BE LATER THAN OTHERS ON THE WEB. THE CREATOR OF THIS THREAD COMPILED THE FOLLOWING IN A QUICK MANNER AND DOES NOT ATTEST TO THE VERACITY OF THE INFORMATION BELOW. YOU ARE RESPONSIBLE FOR VETTING YOUR OWN SOURCES AND DOING YOUR OWN DD.
Upcoming Earnings:
Commodities:
COVID-19 Stats and News:
Macro Considerations:
Most Recent SEC Filings
Other
-----------------------------------------------
Morning Research and Trading Prep Tool Kit
Other Useful Resources:
The Ultimate Quick Resource For the Amateur Trader.
Subscribe to This Brief and the daily 4:00 AM Pre Market Brief on The Twitter Link Here . Alerts in the tweets will direct you to the daily brief in this sub
It is up to you to judge the accuracy and veracity of these headlines before trading.
submitted by Cicero1982 to pennystocks [link] [comments]

Understanding Bitcoin Futures: How they work and why they are NOT going to crash the crypto market

Recently there has been a lot of talk about Bitcoin futures causing downward pressure for prices, especially with expectations of a crash around expiry date. Its clear that not many understand how derivatives work or why the specific structure of the CME/CBOE future contracts makes it so there is a pretty much no chance that there is a collusive scheme by futures traders to crash Bitcoin.
So I wrote up a quick description of how it works, and why there are 3 major reasons that futures are not to blame for Bitcoin's decline in price.

How futures contracts work

Futures contracts are an agreement to buy or sell an asset on a specific date in the future at a specified price. If you take a long position, you agree to buy an asset in the future at a specific price when the contract expires. When you take a short position, you agree to sell an asset at a set price when the contract expires.
A simple example to illustrate: Think of a shipping company who has a bunch deliveries planned in a year. The price of fuel is $2 per gallon today. They can enter a futures contract on an exchange that will allow them to buy say 10,000 gallons of fuel at $2.5 per gallon. A fuel wholesaler might be willing to take this contract on to lock in the $2.5 price guarantee. If a year from now the price of fuel rises to $4 dollars a gallon, the shipping company will save (4-2.5) x 1000 = $15,000. In this case its a risk management tool, often used in financial markets to hedge against the risk of changing prices. However it can also be used by speculators, simply to profit off expected changes in price and these are generally cash settled.
Bitcoin futures are cash settled, meaning no bitcoins actually change hands when a contract expires. The differential between spot prices (ie. current price) and the contract price is settled with cash. Winning traders effectively collect their gains from the losers.
A key point to realize is that futures markets are a zero-sum game. For every long there is a short. For every winner, there’s a loser. Every dollar of one trader’s profit is a dollar lost by another trader. If someone wants to bet big that bitcoin is going down, say, by shorting 1,000 bitcoin contracts, there needs to be one or more traders willing to take the opposite side.
Bitcoin futures trade on two exchanges: CME and CBOE.
The CME is the big one and offers contracts with a unit size of 5 BTC per contract. It has a contract limit of 1,000, meaning that no one party can have more than 1,000 contracts.
The CBOE offers contracts with a unit size of 1 BTC per contract. It has a contract limit of 5,000 contracts.

Why Bitcoin Futures aren't crashing Bitcoin

Reason #1: There simply isn't enough open interest position or volume
You can look at the total open interest and volume for BTC Futures on the CME for January 25th, a day before expiry:
http://www.cmegroup.com/trading/equity-index/us-index/bitcoin_quotes_volume_voi.html?marginsTab=SOM
The total volume for January was 769, the total volume for all months up to June 2018 is 1,223 contracts. The "open interest" number is the number of contracts which are still open (ie. haven't settled) and its only 139. If you go back to the beginning of the period just after the prior expire date, there were only 560 open contracts for the January 26th expiration date.
What this means that the total market on CME for shorting futures for the end of January period was only 560 x 5 = 2,800 BTC.
What if those evil Wall Street suits had the brilliant idea to buy Bitcoin back when it was $8,000 and then now flash sell it to bring the price down to profit off the short side? On January 19 the open interest was 560 contracts and the BTC price was $11,500, lets say the entire open interest is actually one group of people colluding to profit off the short positions. That means there is a total of 2,800 BTC value is contractually at stake, with a total nominal value of $32.2 million. Futures markets have something called "margin requirements", which is the minimum amount you have to pony up as collateral when taking a futures position. For Bitcoin its 43%, which means that they would need to put in $13.8 million of capital to short 2,800 Bitcoin.
According to Bitcointy, the volume traded in Bitcoin/USD on January 19 was around 134,000, with about 16 million BTC in circulation. This actually drastically underestimates the total volume of BTC traded since it excludes the big Asian markets, but let actually give the scenario this benefit. Lets imagine that someone would need to purchase just half of the daily volume (about 77K BTC) or about 0.5% of the total Bitcoin supply and then dumped it, and lets say this caused a huge $3K drop in Bitcoin price from its $11,500 price level back to about $8,500. They would need to pony up $616 milion to purchase just 77K BTC (0.5% of the supply) at $8,000. Assuming they achieve the $3K drop in price, that would net them a profit of 2800 BTC x $3,000 = $8.4 million from a $11,500 settlement price, or about 1% profit on their BTC purchase investment, less than a guaranteed government bond. All of this is assuming that 0.5% of the outstanding float would be enough to drive the price down $3K, and that they could somehow not experience substantial loses themselves in the dump. Basically it doesn't make any sense, the volume of open interest for futures available is simply too low to make this anything akin to profitable. Even if we assume there was a collusion scheme by everyone participating in the short market.
You can look at the Settlements to see the total open interest for all remaining months:
http://www.cmegroup.com/trading/equity-index/us-index/bitcoin_quotes_settlements_futures.html?marginsTab=SOM
The total open interest for all months up to June on January 25th is only 1,459 contracts. That's means the entire market for shorting Bitcoin up to June is only 7,295 BTC. No matter where you set the entry point, the return simply doesn't justify the risk or initial investment required.
Reason #2: The margin requirements are too high to offer enough leverage to manipulate the market
One attraction of trading futures is the ability to use relatively small amounts of money to potentially achieve outsized returns. In a lot of futures market, the margin (the amount of money that your broker requires up-front) can be quite small compared to the ultimate value of the contract. For example looking at CME Futures market for S&P 500 futures, each contract is worth about $143,000 (50 x S&P 500 value) and the margin requirement is only $4,800 (as of writing this) or about 3.3% nominal margin rate.
Your margin account balance is adjusted at the end of every trading day to account for the winnings or losses of the day, this is called daily settlement. If your account balance falls below the margin minimum of $4.8K you'll need to quickly add money to your account or your position will be summarily closed out by your broker. On the plus side, if you've predicted the S&P's direction correctly your profits will be that same as if you completely owned the underlying stocks in the index. A +1% daily move in the S&P500 would yield $1430 (1% of $143,000) in profit even though you only have $4800 invested - a huge return on. Margin requirements this low are only possible because the volatility of the S&P 500 is pretty low and well understood.
On the other hand Bitcoin futures have massive maintenance margin rates. The CBOE requires 40% of the notional amount for maintenance margin, the CME requires 43%. Your broker will likely require more than that.
Because of the high margin requirements, Bitcoin futures don't offer much leverage compared to just buying Bitcoins outright. You would need to place a huge amount of capital at risk just to get one Bitcoin contract on CME, the equivalent of 5 x (BTC USD value) x 0.43. If you wanted to short just 5 BTC and the price was 11K, that would require a margin of $23,650 to be maintained.
Reason #3: The big Wall Street Levered Funds aren't actually that into shorting Bitcoin
The CBOE is smaller than CME, but one neat thing about it is that it releases statistics on groupings for its futures markets, it gives out information on long vs short positions among Levered Funds, Other Reportable entities and Non-reportable.
The Levered Funds is what we would call "Wall Street", large hedge funds that invest other people's money. The "Other Reportable" would be other institutional investors but not necessarily trading with other's people's money, and the "Non Reportable" are small time investors and speculators. Here is the breakdown of Bitcoin Futures open interest contracts by these categories:
Levered Funds (Large Wall Street hedge funds)
Long Short
1142 518
Other Reportable (Other trading firms that don't necessarily manage money for outside investors)
Long Short
1243 3668
Non Reportable (ie. small speculators)
Long Short
2665 919
http://www.cftc.gov/dea/futures/financial_lf.htm
As you can see 68% of the Levered Funds actually go long on Bitcoin!
For "Other Reportable" you do have more short interest, but it only adds up to 3668 contracts and at 1 BTC/contract its only 3668 BTC, against 1243 BTC that are long. Finally the non-Reportable are the small time speculators and they're overwhelmingly long. There are a few other smaller categories that make up the difference, but overall there isn't any wide spread of short vs. longs between the big levered funds and the more retail investors.

So what did cause Bitcoin's correction around the first expiry date?

There was a plethora of factors that compounded around that mid-January expiry date: the cyclical selloff period that we usually see combined with FUD headlines coming out quickly regarding regulation out of China, Korea and Europe. Its highly unlikely that futures actually caused any of the sell off, they actually provide stability by helping with price discovery.
If futures do have any downward price pressure on Bitcoin, its largely psychological. Let face it, most Bitcoin investors don't understand anything about finance or derivatives, to them the CME futures are this big scary Wall Street boogeyman that is trying to take Bitcoin down. In essence you got a self fulfilling prophecy, lots of people feared the futures expiration would cause a crash so they panicked and sold, bringing the price down. Its a perfect thing to scapegoat after the huge bubble we saw started to correct. This is what I fear, that a lot of people will now look to anything to point their finger at to blame for Bitcoin and cryptocurrency price declines. Everything will be scapegoated, from the CME futures to "weak hand Asians" to governments to Wall Street.
As we inevitably revert to the mean, very few will be willing to accept that it was their own unrealistic expectations of returns that are continually parabolic that is the sole reason for the gross mispricing of most cryptocurrencies.
submitted by arsonbunny to CryptoCurrency [link] [comments]

Advice for a young student wanting a side business

I am 15 i am in high school and i play a lot of sports but i generally have at least a few hours a day of free time. I have about 1000$ id be willing to invest in things but am wondering what i could do. i have looked into things like drop shipping but it seems to be over-saturated. what would be a good business preferably online that i could start?
submitted by bigpapi29 to Entrepreneur [link] [comments]

Why Bitcoin Futures aren't a conspiracy against Bitcoin

Recently there has been a lot of talk about Bitcoin futures causing downward pressure for prices, especially with expectations of a crash around expiry date. Its clear that not many understand how derivatives work or why the specific structure of the CME/CBOE future contracts makes it so there is a pretty much no chance that there is a collusive scheme by futures traders to crash Bitcoin.
So I wrote up a quick description of how it works, and why there are 3 major reasons that futures are not to blame for Bitcoin's decline in price.

How futures contracts work

Futures contracts are an agreement to buy or sell an asset on a specific date in the future at a specified price. If you take a long position, you agree to buy an asset in the future at a specific price when the contract expires. When you take a short position, you agree to sell an asset at a set price when the contract expires.
A simple example to illustrate: Think of a shipping company who has a bunch deliveries planned in a year. The price of fuel is $2 per gallon today. They can enter a futures contract on an exchange that will allow them to buy say 10,000 gallons of fuel at $2.5 per gallon. A fuel wholesaler might be willing to take this contract on to lock in the $2.5 price guarantee. If a year from now the price of fuel rises to $4 dollars a gallon, the shipping company will save (4-2.5) x 1000 = $15,000. In this case its a risk management tool, often used in financial markets to hedge against the risk of changing prices. However it can also be used by speculators, simply to profit off expected changes in price and these are generally cash settled.
Bitcoin futures are cash settled, meaning no bitcoins actually change hands when a contract expires. The differential between spot prices (ie. current price) and the contract price is settled with cash. Winning traders effectively collect their gains from the losers.
A key point to realize is that futures markets are a zero-sum game. For every long there is a short. For every winner, there’s a loser. Every dollar of one trader’s profit is a dollar lost by another trader. If someone wants to bet big that bitcoin is going down, say, by shorting 1,000 bitcoin contracts, there needs to be one or more traders willing to take the opposite side.
Bitcoin futures trade on two exchanges: CME and CBOE.
The CME is the big one and offers contracts with a unit size of 5 BTC per contract. It has a contract limit of 1,000, meaning that no one party can have more than 1,000 contracts.
The CBOE offers contracts with a unit size of 1 BTC per contract. It has a contract limit of 5,000 contracts.

Why Bitcoin Futures aren't crashing Bitcoin

Reason #1: There simply isn't enough open interest position or volume
You can look at the total open interest and volume for BTC Futures on the CME for January 25th, a day before expiry:
http://www.cmegroup.com/trading/equity-index/us-index/bitcoin_quotes_volume_voi.html?marginsTab=SOM
The total volume for January was 769, the total volume for all months up to June 2018 is 1,223 contracts. The "open interest" number is the number of contracts which are still open (ie. haven't settled) and its only 139. If you go back to the beginning of the period just after the prior expire date, there were only 560 open contracts for the January 26th expiration date.
What this means that the total market on CME for shorting futures for the end of January period was only 560 x 5 = 2,800 BTC.
What if those evil Wall Street suits had the brilliant idea to buy Bitcoin back when it was $8,000 and then now flash sell it to bring the price down to profit off the short side? On January 19 the open interest was 560 contracts and the BTC price was $11,500, lets say the entire open interest is actually one group of people colluding to profit off the short positions. That means there is a total of 2,800 BTC value is contractually at stake, with a total nominal value of $32.2 million. Futures markets have something called "margin requirements", which is the minimum amount you have to pony up as collateral when taking a futures position. For Bitcoin its 43%, which means that they would need to put in $13.8 million of capital to short 2,800 Bitcoin.
According to Bitcointy, the volume traded in Bitcoin/USD on January 19 was around 134,000, with about 16 million BTC in circulation. This actually drastically underestimates the total volume of BTC traded since it excludes the big Asian markets, but let actually give the scenario this benefit. Lets imagine that someone would need to purchase just half of the daily volume (about 77K BTC) or about 0.5% of the total Bitcoin supply and then dumped it, and lets say this caused a huge $3K drop in Bitcoin price from its $11,500 price level back to about $8,500. They would need to pony up $616 milion to purchase just 77K BTC (0.5% of the supply) at $8,000. Assuming they achieve the $3K drop in price, that would net them a profit of 2800 BTC x $3,000 = $8.4 million from a $11,500 settlement price, or about 1% profit on their BTC purchase investment, less than a guaranteed government bond. All of this is assuming that 0.5% of the outstanding float would be enough to drive the price down $3K, and that they could somehow not experience substantial loses themselves in the dump. Basically it doesn't make any sense, the volume of open interest for futures available is simply too low to make this anything akin to profitable. Even if we assume there was a collusion scheme by everyone participating in the short market.
You can look at the Settlements to see the total open interest for all remaining months:
http://www.cmegroup.com/trading/equity-index/us-index/bitcoin_quotes_settlements_futures.html?marginsTab=SOM
The total open interest for all months up to June on January 25th is only 1,459 contracts. That's means the entire market for shorting Bitcoin up to June is only 7,295 BTC. No matter where you set the entry point, the return simply doesn't justify the risk or initial investment required.
Reason #2: The margin requirements are too high to offer enough leverage to manipulate the market
One attraction of trading futures is the ability to use relatively small amounts of money to potentially achieve outsized returns. In a lot of futures market, the margin (the amount of money that your broker requires up-front) can be quite small compared to the ultimate value of the contract. For example looking at CME Futures market for S&P 500 futures, each contract is worth about $143,000 (50 x S&P 500 value) and the margin requirement is only $4,800 (as of writing this) or about 3.3% nominal margin rate.
Your margin account balance is adjusted at the end of every trading day to account for the winnings or losses of the day, this is called daily settlement. If your account balance falls below the margin minimum of $4.8K you'll need to quickly add money to your account or your position will be summarily closed out by your broker. On the plus side, if you've predicted the S&P's direction correctly your profits will be that same as if you completely owned the underlying stocks in the index. A +1% daily move in the S&P500 would yield $1430 (1% of $143,000) in profit even though you only have $4800 invested - a huge return on. Margin requirements this low are only possible because the volatility of the S&P 500 is pretty low and well understood.
On the other hand Bitcoin futures have massive maintenance margin rates. The CBOE requires 40% of the notional amount for maintenance margin, the CME requires 43%. Your broker will likely require more than that.
Because of the high margin requirements, Bitcoin futures don't offer much leverage compared to just buying Bitcoins outright. You would need to place a huge amount of capital at risk just to get one Bitcoin contract on CME, the equivalent of 5 x (BTC USD value) x 0.43. If you wanted to short just 5 BTC and the price was 11K, that would require a margin of $23,650 to be maintained.
Reason #3: The big Wall Street Levered Funds aren't actually that into shorting Bitcoin
The CBOE is smaller than CME, but one neat thing about it is that it releases statistics on groupings for its futures markets, it gives out information on long vs short positions among Levered Funds, Other Reportable entities and Non-reportable.
The Levered Funds is what we would call "Wall Street", large hedge funds that invest other people's money. The "Other Reportable" would be other institutional investors but not necessarily trading with other's people's money, and the "Non Reportable" are small time investors and speculators. Here is the breakdown of Bitcoin Futures open interest contracts by these categories:
Levered Funds (Large Wall Street hedge funds)
Long Short
1142 518
Other Reportable (Other trading firms that don't necessarily manage money for outside investors)
Long Short
1243 3668
Non Reportable (ie. small speculators)
Long Short
2665 919
http://www.cftc.gov/dea/futures/financial_lf.htm
As you can see 68% of the Levered Funds actually go long on Bitcoin!
For "Other Reportable" you do have more short interest, but it only adds up to 3668 contracts and at 1 BTC/contract its only 3668 BTC, against 1243 BTC that are long. Finally the non-Reportable are the small time speculators and they're overwhelmingly long. There are a few other smaller categories that make up the difference, but overall there isn't any wide spread of short vs. longs between the big levered funds and the more retail investors.

So what did cause Bitcoin's correction around the first expiry date?

There was a plethora of factors that compounded around that mid-January expiry date: the cyclical selloff period that we usually see combined with FUD headlines coming out quickly regarding regulation out of China, Korea and Europe. Its highly unlikely that futures actually caused any of the sell off, they actually provide stability by helping with price discovery.
If futures do have any downward price pressure on Bitcoin, its largely psychological. Let face it, most Bitcoin investors don't understand anything about finance or derivatives, to them the CME futures are this big scary Wall Street boogeyman that is trying to take Bitcoin down. In essence you got a self fulfilling prophecy, lots of people feared the futures expiration would cause a crash so they panicked and sold, bringing the price down. Its a perfect thing to scapegoat after the huge bubble we saw started to correct. This is what I fear, that a lot of people will now look to anything to point their finger at to blame for Bitcoin and cryptocurrency price declines. Everything will be scapegoated, from the CME futures to "weak hand Asians" to governments to Wall Street.
As we inevitably revert to the mean, very few will be willing to accept that it was their own unrealistic expectations of returns that are continually parabolic that is the sole reason for the gross mispricing of most cryptocurrencies.
submitted by arsonbunny to Bitcoin [link] [comments]

Recap of AMA with Zac on July 3 and Q2 report

Dear Pundians,
Thank you for participating in the AMA session with Pundi X co-founder and CEO Zac Cheah.
For those of you who may have missed it, the live recording of the AMA session held on July 3 at 10:00 am GMT+8, tackling Q2 progress and addressing questions and concerns by the community members, can be viewed here. A side note that today’s AMA video quality and setting was not ideal. We acknowledge this situation and will make improvement for our next AMA session.
You may also find a summary of the Q2 progress presentation as well as all the detail Q&A below.
## Pundi X Q2 2019 Highlights
* Pundi X has integrated more public chains into our products. In Q2, we completed integration of Binance Chain. NEM chain is in the work. As of today we’ve launched BNB, the Binance Chain native Coin and XEM, NEM native coin on Pundi X payment platform. We will integrate at least one more public chain in Q3.
* The transactions on XPOS for Q2 is 15.5 million in USD, which is close to 300% quarterly growth. The number of transactions is 29,367, which leads to a 11% growth QoQ.
* XPOS has successfully received FCC and KC certifications. A new certification for Latin American market is on the way. * To expand XPOS footprint, Pundi X’s integration with a new leading mainstream point-of-sales device is in the work. Stay tuned for the announcement.
* Pundi X Open Platform was launched in May, 2019, which now supports ERC20 and BEP2 token listing. Moving forward, we will continue to support tokens from other public chains.
* A 3,000 XPASS order from DigiX, a gold-based token, and a 10,000 XPASS order from BitCobie this quarter.
* XPOS is spread in use in over 30 countries. We’ve published a map of XPOS location of self-report XPOS merchant directory. You can find a list of selected XPOS merchants at [https://www.pundix.com/products\](https://www.pundix.com/products). * The QoQ growth of XWallet is tremendous at 43%. In the previous quarter, we have less than 20k users, whereas in Q2 we have hit 297k XWallet users.
More updates on XWallet:
* Supported BNB and NEM tokens; 2FA, face ID, and optimized SMS serviceAvailable on iOS, Android as well as in Samsung Galaxy Store
New features coming up in Q3:- DApp integration - Decentralized wallet- In-app crypto payments - Chat service, which will be compatible with a commonly used chat app- f(x) testnet features to be rolled out first in XWallet
## Other notices coming up in Q3 2019
* The Q2 token removal will take place on July 14, 2019, which will involve in total 34 billion of NPXS and NPXSXEM (22 million worth in USD) removal. In the past 365 days, we’ve removed a total of 36.1 million US dollar worth of NPXS and NPXSXEM.
Before Q2 removal, the total supply of NPXS ERC20 is 266,962,422,906.53 and NPXSXEM is 95,816,218,929. [See Q1 removal here.](/pundix/recap-of-ama-with-zac-on-july-3-and-q2-report-a23de165dd28)
* [NPXSXEM will be ported to Binance Chain from July 20](/pundix/npxsxem-will-be-on-binance-chain-c6485f17726b). * XPhone pre-order will start in late July with a new product name. Stay tuned. Check out the teaser video that we are releasing it across our communication channels. ## Q&A
## On XPOS
* **Where are we on official global location of XPOS?**
Zac: We have made a map on our official website that merchants can self report and feature their locations. It’s at [https://www.pundix.com/product\](https://www.pundix.com/product). We’ll be increasing and updating the map once we have permission form the merchants to update their locations.
* **The marketing from pundi has shifted from 100,000–700,000 xpos units by 2021 to 100,000. I understand the bear market has affected this but please share the strategy moving forward to hit your goal. How do you feel about hitting this goal?**
Zac: The 100K XPOS target has always been the initial goal and it’s stated in our whitepaper. And we are still working on achieving the goal by the end of 2021. Part of our growth strategy is to also explore the possibility to port our platform to traditional POS manufacturers to increase the adoption, which is ongoing at the moment.
* **1 year ago you sent 5000 XPOS somewhere. When, at least half of them, will be working? 3 year target was 100,000 by 2021. Now we have only 150 units, how do you expect to reach this goal?**
Zac: Yes, we have shipped thousands of XPOS to over 30 countries in the world. The 150 you’ve mentioned are the featured merchants which are published on the map. The active XPOS devices are deployed over 33 countries and we are actively talking to B2B partners to have higher wholesale and big deployments.
* **How many XPOS are live and used?**
Zac: We have gone through a very serious bear market, and some of the initial inbound requests for XPOS are not delivered. However, we are working slowly but surely with our Business Development team to not just roll-out into individual buyers, such as what we did on Pizza Day, but also to B2B partners. With the certifications approved, that will also help us to officially roll out to some of the key markets.
Individual merchants can use XWallet collection feature to accept crypto payment with QR code. For the merchants who have physical offline storefronts, they can use XPOS to enable the instant crypto transaction seamlessly. Moreover, as mentioned previously, we are exploring the integration on leading traditional POS terminal so that their distributors have option to enable crypto transaction feature. As for the challenge to adopt XPOS, it is the regulatory compliance in different countries. For this, our legal team think ahead and encourage our merchants to complete KYC.
I must be very honest to say the activation takes longer time than we expect but it will be worth at the end.
* **What’s the average number of transactions per xpos in use?**
Zac: The transaction number has increased very well. The number of each XPOS differs, due to the frequency of using crypto currency to purchase item or crypto assets. There’s no standard answer to this, but overall we see the transaction number and volume are going up.
* **How do you plan to reach the target of 100,000 by 2021?**
Zac: One of the challenges that we have is regulatory compliances in different countries. There are certain markets that do not allow crypto currencies and some require a clear approval for us to deploy XPOS. We are working on both challenges by talking to governments and applying for certifications. So how we plan to reach 100,000 XPOS user by 2021 is to work with distributors, B2B partners on a government / business level, and with existing POS companies to integrate our software solution into the system.
* **We understand as there was bear market and hence Xpos usage demand was low. Are you guys seeing growth of Xpos usage with current market conditions. Can you guys put some statistics comparison like last 30 days Xpos usage vs any month from bear market usage?**
Zac: It is very clear that as we moved out from the bear market, the demand for XPOS has been increasing. As we’ve shared just now both the transaction number and volume of Q2 have beaten Q1. We’ll be able to share more transaction numbers once we receive approval from our XPOS merchants.
One exciting thing is that, with the listing of different tokens, we also see users using these tokens as a way to transact on XPOS, which means we will be having more ways to transact and this is a growth point for XPOS.
* **When will there be more details for XPHONE and XPOS HANDY?**
Zac: For XPOS handy, we have finished production and it will be released in Q3
* **When will the iOS version of XWallet and XPOS be fully translated to other languages?**
Zac: Right now, the XWallet has Traditional Chinese, Korean, Spanish, German and English. With the latest version update, it now includes Portuguese. XPOS also comes with many languages and we hope to finish with more language, either working with professionals or volunteers. If you’re interested in volunteering, please contact us.
* **When will the Merchant back office have Product Registration and SKU id ability and also integrate with other POS software?** * **When will the top-up feature go away for XPOS to allow liquidity for XPOS**
Zac: We constantly update features in XPOS and merchant backend to make it easier for distributors and merchants to use. We understand that one of the ways for mass adoption is to enhance our distributor management system. With that, the distributors can manage manay XPOS at one time with different merchants.
Please stay tuned as we announce more and more functions of this feature.
## On Dubai
* **When will we see the deployment of the XPOS in Dubai?** * **Can we spend NPXS on the Dubai XPOS?**
Zac: As with all big projects there are a lot of moving parts, that includes working very closely with the local government, in Dubai’s case, the Credit Bureau of the Finance Ministry. Things are progressing for the Dubai project but due to confidentiality agreements with the parties involved, we cannot reveal much. All we can say is that we and our Dubai partners are working hard to have XPOS roll-out in the Dubai market and the UAE.
We are also discussing aggressively with Dubai partners whether to include crypto assets in the XPOS in Dubai. That clearly will involve local compliance and legal for that to happen.
* **Your system upgrades expect merchants to have downtime on their XPOS terminals, can you explain if you plan to run a business why this would be considered feasible (specially at the rate you have been doing your upgrades)?**
Zac: Yes, the benefit / strength of the XPOS is that most of the updates can be done on the fly. For example, when we have a token update on our XPOS where developers submit their tokens on Open Platform, the updates of this token are on the fly, which means that once we approve the token on our Open Platform, it will automatically appear on XPOS without any software updates.
The great thing that we believe about XPOS is not just the support of crypto assets, but also the ability to update most things on the fly, which means that whenever we have a good feature or a new token, the updates will be done instantaneously.
* **Can you guys arrange at least a community voting which is the next blockchain we would like to see next in XPOS? Voting will help to prioritize to chose the projects.**
Zac: One of the reasons why BNB is being listed on the XPOS is simply because of its popularity and also our user demand, in a way that we are already answering to our community’s request.
Right now, our main focus is getting all the tokens submitted on Open Platform to be listed on the XPOS. The submission process includes legal and compliance valid, so our legal and compliance teams are working hard to make sure that we have more tokens to roll out onto Open Platform, which means that they will be on XPOS, XWallet, and XPASS.
As to a specific voting mechanism, we’d like to consider that and hopefully we’ll be able to run a specific voting for the chain which users would like to see.
* **While comparing Xpos handy to Square POS devices at least with mobile it’s very cheap like under $30 and easy to use. When can we expect such light weight and cheaper version for XPOS? Is team working on such devices ?**
Zac: There are different POS companies around the globe and pour focus is to work with these POS companies with our software, so that a crypto sales feature will be part of the existing POS system. The more support of crypto asset usage using our software on existing POS, the better it is for global adoption.
We actually strongly believe that the pricing of our POS system is competitive in the market. And one of the great features of the XPOS is that the merchants will not need not to pay a certain percentage to existing acquirer but to be able to earn certain percentage from each transaction. That is the key differentiator for merchant to want to adopt this.
* **From the website with some of the key Countries for XPOS adoption looks great. However, the concern is for Venezuela, there is no reference link like the others have. Can you guys add the link with details to clear the ambiguity?**
Zac: Let’s give a little bit more patience so that we can actually release more information about our Venezuelan partnership. The good news is that we expect concrete news from Venezuela in the coming 2 weeks. So stay up-to-date about our Venezuelan roll out on XPOS, the best way is to subscribe to our telegram group for Venezuela.
## On Partnerships
* **Are there some major partnership in the works? I’m also interested in how you do immediate transactions? Do you anticipate scaling issues?**
Zac: The way XPOS is being designed is that when you use your crypto assets to purchase, it will have instantaneous confirmation because the action is an off-chain process. An on-chain action happens when a user who owns crypto assets in our system transferring the assets out of the Pundi X ecosystem to their own wallets; or to transfer crypto assets in Pundi X from an off-chain to a private wallet, which we will have very soon on XWallet itself.
That is why we are able to handle scaling. When a person wants to use crypto currency to buy a coffee, the transaction will happen instantaneously.
For specific partnership, especially with B2B partnership, we oblige to the NDA that we have signed. But if you follow us closely, you’ll know that we go to different parts of the world, talking to major companies to try to land more deals so that NPXS usage will increase dramatically.
* **Any big partnerships for making xphone or using the software for xBlockchain?**
Zac: These partnerships are also subjected to NDA, so please be patient for us to release more news.
* **When will XPOS have approval to process Visa and MasterCard payments?**
Zac: We have met representatives from these players including some of the key management people. They are obviously looking into crypto currency attentively, and we hope that there’s something we can do with MasterCard and/or Visa.
This is something that the community has suggested and we agree fully. Please allow us with some time to work on this. We have also showcased XPOS to the CEO of MasterCard. For what or when will anything happen, please wait for our official announcement.
* **What’s the status on Quantum fund and their contribution or involvement with Pundi’s project?**
Zac: We announced last year that we are creating a fund to invest in projects beneficial to our ecosystem. We’ve identified some interesting projects, and we have invested in at least 1 project. The reason why we’re investing in that project is because of the services that it will bring onto the Pindi X ecosystem. So the purpose of the investment of the companies is that these companies in turn will benefit on our ecosystem. This is our key consideration.
The team has evaluated the projects that will benefit the Pundi X / Function X ecosystem. Vic and his team will be able to reveal more details on the companies we have invested in and how they will contribute to our ecosystem in Q3.
* **Recent update on NPXSXEM is highly ambiguous as mentioned that it will be now BEP token and later once FX goes live it will get back to Fx platform. Why you guys had so rush to use Binance chain only for few months? Isn’t you guys switching to much in a short time span?**
Zac: Liquidity and utility have been an issue for NPXSXEM. Due to the design philosophy and the limit of token that can be created on NEM’s smart contract, we are only able to create a small number of tokens on NPXSXEM. By moving into the Binance chain for NPXSXEM, the BEP2 token version will be able to support all the NPXSXEM tokens, which means that we’ll migrate and also be able to make sure all the NPXSXEM tokens are under the same contract address.
We believe with the strong liquidity, we will be able to give our NPXSXEM token holders a good reason of what the token holders have been waiting for. We hope to bring NPXSXEM to match the level of NPXS.
* **When #XRP?**
Zac: Our OpenPlatform is a currency agnostic platform, which means that we will work on integrating public chain as well as tokens that are most requested by the users. We’ll also be looking into the listing of different tokens that are being mentioned by the community.
As said, we will have at least one more public chain integration in Q3, perhaps even more.
* **Are you as a company going to try and connect with libra? If they have said they want to be a payment remittance service, have Square, PayPal, Visa on board I as an investor would prefer you try to join them rather than beat such large competitors**
Zac: Of course, we’ll be delighted to work with Facebook and also the Libra coin. Pundi X and XPOS is a currency agnostic / currency neutral platform, if there’s opportunity to list Libra coin or work with Facebook in different ways to promote crypto currency adoption, we’ll certainly look into that and work on reaching out to them.
## On Trading
* **Can you confirm during AMA, Pundi team is not involved with any trading with their own token like selling over time to manage the fund to run the company.**
Zac: All the wallet addresses of the team holdings are disclosed and transparent. This is one of the first things that we did after ICO. Hence, our token holdings are transparent and everyone can monitor our fund transactions. Also, we have strict internal financial regulation and compliance, shows that we are here to build a long-term project.
The best way to make NPXS or the NPXSXEM to rise is real daily life use case.
* **When will you stop manipulating NPXS chart?**
Zac: Our focus has always been and will be building great products. The more product usage, the demands for NPXS and NPXSXEM will increase. Let’s address again that, Pundi X the company is NOT involved in any manipulation of the NPXS price.
There are trading teams, market makers, financial institutions that profit from the drop and rise of token prices in the crypto market. The good thing about NPXS is that we have managed to create a high liquidity by listing on 40+ exchanges and having global trades and demand from all over the world. We hope this and coupled with the fact that we are a solid product and roll out the use cases, the demand of NPXS will only continue to rise and will be able to deter any of the traders or speculators there is for NPXS.
These traders gain profit from manipulating tokens whether BTC or other tokens. In fact, the traditional financial markets have similar challenges as well. What I want to stress is that, we at Pundi X, do NOT speculate or manipulate the price. We work very hard to create demands for NPXS and as a company, it is only beneficial for us to see the prices of NPXS and NPXSXEM rise.
* **Can we please address the elephant in the room which is the Binance bot with huge sell walls and buy walls causing huge distress and concern among users?**
Zac: First, I cannot confirm nor deny that whether Binance has a bot. I think this is something that you need to ask Binance. We need to work with Binance because Binance has one of the biggest liquidities, if not the greatest liquidity, for NPXS. The best way to counter manipulators is to create more use case, more demand and more acceptance of our tokens.
* **Why on almost all exchanges do you not offer a USDT trading pair?**
Zac: We have USDT trading pairs on Bittrex, Bittrue, and more. In addition, we have fiat pairs in Korean Won, IDR, INR, and Turkish liras. We will continue to work on adding trading pairs for NPXS to make it more liquidate.
* **Why don’t you offer a stable coin sell and purchase on the xpos to help with adoption? Places in Africa with volatile currencies would go crazy for this.**
Zac: It’s a great observation. This is a request that’s been asked from many users. We’re working on stable coin listing on XPOS and hopefully it’ll come soon. Stable coin requires a greater compliance and legal validate, which we have been working on since months ago and we hope to have the stable coin up in XPOS soon.
* **When will you add an active tracker for coin burn, whether its measured in usd, NPXS or whatever you choose. The community has been asking for this on twitter, reddit and telegram for this entire year.**
Zac: It will be hard for us to have a daily tracker of the coin burn, but what we might be able to work on is a tracker which have shown all of the tokens that have been removed from the usage. Thank you for giving us this great suggestion and we will work on it in some form.
Zac: Our token supply has always been specified in our white paper, and as promised in our white paper, we will continue to remove tokens through usage and use cases, which we’re working on all the time.
* **Price movement. When will NPXS go to which price?**
Zac: We cannot comment on the change of the price. Our focus is on building products. We hope by doing that the NPXS value will go up. Again, there’s no way that we can comment on the price.
**I believe that burning tokens every 14 weeks keeps the price suppressed and will only lead to huge pumps and dumps. Imo, If the burns were more frequent, the price would move organically.**
Zac: We continue removing tokens quarterly per advised by our legal and compliance team.
**Is it mandatory npxs swap? What happens for token we have in binance?**
Zac: No it’s not a mandatory NPXS swap for FX.
**How many NPXS or NPXSXEM was converted?**
Zac: In Q2, we will remove 29B NPXSXEM and 9B NPXS.
## On XWallet
* **Why not put in XWallet like the place where we can buy and sell like restaurants and shops?**
Zac: You are correct. In fact, if you look at XWallet, there is a merchant feature, whereby you can register as a merchant. By becoming a merchant, you will be able to print out your QR code and stick it on your restaurant. People are able to make payment through this QR code. This will act like a mini-XPOS.
* **In addition to that having multiple different blockchain in XWallet will increase the XWallet adoption. Hence, we would like to see aggressive game plan and execution from the team and would like to hear that**
Zac: That’s a great suggestion. Every day we want to increase use cases for XWallet. In fact, our XWallet update is one of the most frequent in the market. Within 5 months, we have over 10 updates on iOS and Google Play. This does not include soft update which happens every several days. In my view, the effort is very tremendous.
* **Is there any plan to add Swap option within XWallet so that people can trade the coins within XWallet?**
Zac: Yes, there’s such plan and in fact there is an upcoming feature that people will be able to use coins in XWallet to exchange into other things. The exact form and format have not been reviewed. We hope to share more when we have concrete example. But what you suggested is what we are planning for months ago.
* **When will XPOS and XWallet have fiat on ramps?**
Zac: This is a good question. It’s not only involved with regulatory compliance but also involved the technical part. This is also something we are planning for months. Once approved, hopefully we are able to support fiat currency on ramps and off ramps on XWallet.
**On Others*\*
* **How is the internal organization doing? Currently how many employees work for Pundi? Currently how many job positions are open?**
Zac: Pundi X has grown tremendously. We are now having over seven offices around the globe. I’m sitting in the Singapore office. We have office in Jakarta, Taiwan, Tokyo, Shenzhen, São Paulo and London. These are the places we have physical offices and house approximately 100 full time employees of Pundi X.
The positions open from Pundi X are legal associate in Singapore and other offices. We are looking for more R&D people, especially in Taiwan. We are looking at marketing and PR people in different parts of the world. And we are looking for POS distributors. As a POS distributor, you will work with our business development team and also our technical team to roll out many XPOS which you have a network to control in your local market.
* **Would you consider removing the KYC to allow u.s. holder to stake and be rewarded?**
Zac: We would love to have more users, including US. However, our compliance and legal advisors have not allowed us to accept US holders to stake and be rewarded.
I’m sorry to say that but this is after serious consideration to make such a decision. In fact, it is a very hard decision because we have healthy user base in the US.
will continue to monitor the situation in the different markets and be compliant. There are also ways to be rewarded when using XWallet service without KYC. We are looking into to explore more on this and launch new features. Hopefully we are able to bring the beta version for you to test this week or next.
**On XPhone*\*
* **Where are we on pre-sale announcement of Xphone? It was highlights of Q2 goal. If we are getting delay, that’s ok. But at least community will have some clarification why it’s getting late and when approximately it coming?**
Zac: Pre-sale order will start this month. It’s likely the end of July. Pre-sale will take place in different channel including the official website and XWallet. Apart of our own channel, the pre-sale will go live on a 3rd party channel. People will be able to pre-order crypto either in crypto or in fiat.
* **Can you discuss in AMA, is participants can pay with Crypto or Credit/debit card or in both ways?**
Zac: As a crypto company, we prefer payment in crypto, but fiat, Visa, MasterCard, and other traditional payment methods will be accepted on different pre-order channels. Stay tuned for pre-order which will happen in late July.
* **Will the Xphone be open to purchase in all regions of the world?**
Zac: Yes, pre-orders will be able to be done on-line, and products will be shipped from our offices to users in different parts of the world.
* **Will the blockchain mode on the Xphone be operable during the testnet or will this function not work until mainnet?**
Zac: XWallet and XPhone are the first channel and avenue for Function X testnet, so once the testnet is operateble, we will start to engage certain services on XWallet and XPhone into Function X testnet, and ultimately into mainnet. Slowly but surely.
* **Does Xphone have hard protective cover,extra Sim slot, also is it enhanced with ip68 water rating?**
Zac: XPhone will not be waterproof, so please do not submerge XPhone into water. XPhone will definitely be eavesdrop-proof because we’re using a blockchain mode, only you and you control your own conversation.
* **Which country accept the Xphone?** * **Will I also be able to use the SIM-card?** * **The blockchain modus will work in every country (what in the absense of nodes)?** * **Will the XPhone I buy now support updates in the future?**
Zac: People from any country will be able to buy XPhone on-line. You will be able to use a SIM for we have built a SIM slot. Wherever you are, the XPhone can be turned on to become a node.
Will XPhone support future updates? Yes, of course. Just like the XPOS, we support silent update. It will be like how we support XPOS, many updates. The updates will always be supported on XPhone.
**On Function X*\*
* **When is the detail white paper coming for FunctionX? Why the team is very resistive to have well documented white paper? We need scientific approach and well documentation on FunctionX to have developers to be more involved.**
Zac: Yes, developer involvement is a key criterion of the growth of Function X. We have done 2 things, one is that we have set up Function X Foundation which is led by David Ben Kay and will involve third party adviser and board members. Second, we have set up a developer relations team led by one of our own members as well. This team will work on creating developer documents, developer demos and sample, so that excellent developers can tap into working with Function X resources.
The first version of developer documentation is ready in English and Chinese. We are still polishing up the documents and hopefully to release them soon.
We are also working with third party developers, and are engaging at least 2 third party developer companies, so that we can help create their services on Function X and also XWallet.
We are hoping to showcase a smooth and usable service to the audience, we think this is the key criterion of the Function X growth.
Thank you for this suggestion. We need to update more often on github developer documentation as well.
As for the white paper, we did not have one per se because Function X did not do an ICO. But we will continue to update our white paper and include not only technical details, but also details on the chain and how we can get more developers and users so that the future hardware will be added as a node and you will be rewarded financially, at least through our ecosystem genesis fund. Please stay tuned and there are a lot of things going on in the company. Each and one of us is working hard.
* **Why does the FX ecosystem need a decentralized OS?**
Zac: The mantra of Function X is decentralization and having private control of your data. A full private control of your data comes with a decentralized system not just in transmission of your data, but with the operating system built fully for decentralization , which includes a transmission protocol replacing http. The apps uploaded into Function X will be decentralized as well as the data that is stored on the app, which means that how BitCoin or crypto assets are verified on different nodes will also be part of the way we store data and content.
The decentralized OS is key to fulfilling a decentralized environment for a more private and free usage.
* **What about FX are you most excited about?**
Zac: We are actually creating a shift of how people view of blockchain and how decentralization is not just about transacting commercial commodity, but also data, including your identity, are all decentralized. That is what we are most excited about.
The only way for us to achieve this is to have developer support, for we need the developers to build on the foundation we have to offer those exciting services.
* **We understand that developing a new blockchain is time consuming. As a community we are in a dark space to understand where exactly the development of FX right now.**
Zac: We are working hard on creating the testnet and eventually the mainnet. For the latest updates of Function X, what I can encourage you to do is to go on and subscribe to the Function X telegram group where discussions are made. We have formed the Function X Foundation and created the developer relations team, so that the Function X progress will go smoother and with more partnership from outside, whether it’s developers, third party companies, teleco, etc.
* **When FX goes live on the mainnet, will FX coin be used to stake and earn NPXS? how will staking work on that new mainnet?**
Zac: The NPXS/NPXSXEM staking will last till March 9, 2020 as announced. What we are committed is to create more use cases. For FX tokens, the use cases will be focusing on the Function X Chain and the use cases on Function X that include DApp on Function X and different hardware/software services.
* **When fx testnet will be available?**
Zac: First I would like to thank you for your constant support. In Q3, we plan to open Function X testnet so that we will be migrating and creating certain use cases that can be used on Function X testnet, starting with our own XWallet. Which means, the XWallet will migrate some features into Function X testnet, and slowly followed by our other Pundi X products, including XPhones, XPASS, Open Platform and Function X own developer related products from third parties.
submitted by crypt0hodl1 to PundiX [link] [comments]

Another update on my solar powered farm and bitcoin mining in the desert

Tl;Dr - Just skip to the bottom where I lay out my solabattery requirements for mining and my solabattery requirements for vertical farming. Oh...and costs and earnings.
Well, Summer is here and we have had some extremely hot weeks. This has given us a chance to test our greenhouses at temperatures of 126F/52C. We are still up and running quite well. Our energy requirements have gone up quite a bit. But the electricity we are consuming is right in line with our estimates. We do not feel that the temperatures will be any higher than the numbers we have seen so far. Unless Global Warming is for real...because now that I think about it, we did blow through our all-time-high in temperatures...and this was the last day of Spring, if I recall.
We are ordering all of our equipment directly from China. Our 40' greenhouses are extremely cheap to build in China. We are building them for about 40% of what companies like Freight Farms and Bright-Agro-Tech are selling their systems for. Our system is at least 90% as good as their systems. But we do have many bugs, it seems when we first receive them from China. Perhaps my main complaint. They can be a bit finicky. I would not want to sell these as the customer service would consume me.
Our most simple greenhouse uses between 250 and 450 kwh per day. I am in San Diego. Our residential rates from SDG&E are $0.43 per kwh. That is crazy high, for the record. This would cost between about $105 and $190 per DAY. Between about $3,000 and $5,500 per month. Most people in the US pay about $0.11 per kwh. This would equate to a monthly bill of $750 and $1350 per month. The Arizona desert pays that rate, for example.
Next, these greenhouses grow about 4,000 heads of lettuce per month. Wholesale price for this lettuce is $1. We sell direct to the end user. We charge $1.50. But at wholesale prices, this generates $4,000 per month in revenue. Labor is 10 hours per greenhouse. We pay $20 per hour. When you add all the California bullshit taxes and fees for employees this puts us at about $30 per hour. We also have insurance and Workers Comp. This is about $40 per month for each greenhouse.
Ok, now for the solar and battery requirements. We use 150 panels of 300 watt panels. I know...this is a lot. It takes a lot of space. You need a lot of cheap land. We spend about $0.45 per watt for solar panels from China. Our lettuce greenhouses run for 8 hours per day with lights. The other 16 hours we go "dark" and do not use much energy (just pumps, air conditioning and a few devices). We run the lights and everything during the peak sun hours. This allows us to not purchase as many batteries because we are turning the sun directly into the farming and lighting. Then, when the sun starts to wane, we turn most systems off and just remain in a well-insulated state. The battery requirements are still large, however. We currently use 50 lead acid batteries for each greenhouse. Each battery is 24V and 200 amp hours. Each battery costs us $180 from China.
Ok, how does this all tie into bitcoin and bitcoin mining? Here's the answer. Each Antminer S9 uses about 1400 watts when it is placed in the environment of our lettuce greenhouse. We place between one and four miners in each greenhouse. We need about 6,000 watts in solar panels to charge up the batteries and simultaneously run one S9 for 24 hours straight. We need 15 of the 24V/200 amp hour batteries for each miner. Cost for panels is $3,000. Batteries are $2750. The miner, when you buy from Bitmain is $1225 delivered to your door in the US. I have over-clocked the miners as high as I am comfy with. I am generating 0.007 btc per miner per day right now. That is about $18 per day at today's rate.
So here is how it all breaks down for the vertical farm: cost for one lettuce farm that is 100% off grid is about $90k. This includes EVERYTHING... solar, batteries, control systems, installation and framing for the solar, greenhouse, all equipment, air conditioners a water cooler...everything. Monthly labor, insurance, nutrients and supplies is $1500. Shipping of the lettuce is about $400. Total net profit is about $2100 per month. And $25,000 per year.
Mining...ok...this is the wobbly one to predict. Just remember this and it'll make it all easier to accept these numbers: bitcoin is probably headed to $10,000 within 3 years. If you don't believe that then much of this will just be comical to you (if it isn't already). One miner will cost (miner + solar panels + batteries + power control systems + cooling equipment and the solabatteries to support it) = $8000. The solar and battery system costs a total of $6800. The miner is $1200. Once you have purchased the solar and batteries, you own them forever. They can be used to mine for 25 years for solar and at least 6 years with the lead acid batteries. You can amortize these costs. If bitcoin drops to $0 then you can instantly switch your solar and batteries to your farm. This is how I backstop my potential losses.
Now, here is the magical way we have figured out how to avoid the "decay" that is built into the miners: we run them for 4 to 8 weeks then we sell them on the open market at a premium over cost. When you purchase large numbers from Bitmain, they will offer you a discounted price. The miners seem to always go up in value in between releases fom Bitmain. After 6 to 9 months of reselling at this pace, you will make all of your initial investment back in the miners. You will also stay current with the miners. So, one miner will generate about 2 btc per year (when you stay ahead of decay). That is $5,000 per year at today's rate. If bitcoin follows the trend (and you believe) then I expect that you will generate $6500 or more within one year from mining today. This means the system will completely pay for itself (including solar and batteries) in about one year. Oh...and then after a year, you own a brand new miner (cuz you have been constantly reselling them to stay current and slightly profit). Oh...and you how have 6kw of solar AND batteries...just keep mining til bitcoin is outlawed. You are now in a unique position...your mining rig costs you $0 from this point forward.
I have calculated the amount of profit you can make if you build your own solabattery array and point this array to different businesses. One business is a modern, vertical farm which is good for the environment and makes healthier food. The other is a bitcoin mining operation. Both businesses have energy as their single largest cost of doing business. I like the idea of having two businesses that I can just point an energy source towards and they start making money. Isn't that kinda cool to think about? Farming generates a net profit of $0.22 per kwh from a solabattery system. Bitcoin mining generates $0.51 per kwh for the exact same system. Think about that for a minute.
Also, what the fuck? If bitcoin actually does take off, imagine how it will pollute the world with miners in places with shitty but cheap fossil fuel. Shouldn't we be mining on renewable energy since...let's be honest, bitcoin shouldn't really exist? It only exists because people lie a bunch. It seems like protecting ourselves from our despicable selves shouldn't turn the world into a toilet that may become uninhabitable.
I just wanted to share everything with this community. If it weren't for this community, I would have been nervous about trying this crazy idea. What I mean by this is that I appreciate the handful of people here who have a lot of bitcoin and just handed them over to me so that I could test this TOTALLY insane and HIGHLY SPECULATIVE business model. I told you (those who lost their btc to me) that I will make it up to you. For the couple of you who didn't threaten to kill me, I will return your btc when my profits from mining hit 4,000 btc, unless the price is under $3100 per btc...seems fair...you did lose...and it was a fair bet.
I hope for several things from this post. (1) The nice people who are here hopefully will take this info and appreciate what went into getting these numbers. (2) Someone will read this, run the numbers themselves and decide to do the exact same thing. (3) Someone in an area with good sun, year round, will set up a mining operation based on my model. (4) Someone will bet me publicly again that I am lying. (5) Someone interesting will buy the land next to mine and compete head-to-head with me...I seem to perform better under competition.
To;Dr - To take a miner off grid, in a sunny place, will cost $8,000 (including the miner). You'll break even in a year if you follow my plan (and if fate complies as well). One 40' greenhouse that is off grid costs me $90k. Least amount of net profit per greenhouse is $25,000 per year. Average net profit is $36,000per year, typically from blending lettuce and other crops such as basil.
Farming generates a net profit of $0.22 per kwh from a solabattery system. Bitcoin mining generates $0.51 per kwh for the exact same system. Think about that for a minute. We sell energy back to the grid for about $0.05. Does anyone look at this the way I am looking at it?...I am just curious.
Anybody have any questions?
submitted by dan_from_san_diego to Bitcoin [link] [comments]

Buying in China and selling in USA. The New American Dream | My Story

Hi entrepreneur I've followed this sub for quite a while, I enjoy the (rare) good posts, and I'd like to tell my story and hope you takeaway some useful knowledge. I was a 2009 college graduate, so I didn't even have a chance to join the workforce in any meaningful way. Entrepreneurship is just natural to me and I hope I can sustain it over a lifetime
My entrepreneur journey began selling football tickets during college at U of Florida. Imagine an 18-year old white kid standing next to the veteran scalpers and hawking tickets. It was the best experience I could imagine. I think of it as rejection therapy Learning to not be afraid of a 'no' is a very important part of being an entrepreneur. After college, I started buying and selling tickets online using TicketMaster and Stubhub. Selling tickets could be its own thread, it's such an interesting space. There are fortunes being made buying tickets to in-demand events online. It's just rather tedious (imagine entering 50,000 captcha phrases a year) Also, scalping tickets online doesn't provide 'value' to anyone. I read the domain parking thread today and it makes me proud to be making money by delivering value, not withholding it for profit.
I grew tired of tickets and decided to visit a friend in China. I stayed for 6 weeks and bought some watches to bring back for gifts. One watch was especially cool and people asked about it everywhere I went. I got back in touch with my friend in China (who was just teaching English at the time) and he traced it back to a supplier. I thought I needed an investopartner so I contacted the only rich guy I knew and he gave me $4,000 to be my 50/50 partner. I ordered 800 watches for $3 each, and paid some guy $3,000 to make me a website.
Lesson 1 DON'T SPEND MORE THAN $300 ON YOUR FIRST WEB PRESENCE
I scrapped that site in less than a month and built my own on Shopify. If you can operate your facebook page, you can setup a Shopify account, it's stupid easy. I set the price at $65.
Lesson 2 PRICE HIGH
It gives you so many advantages. Better customers, less returns, room for wholesale/distributors, and a higher perceived value. Anyway, I created a fun brand around this. We did fun photoshoots, ran contests in the community (facebook ads were really cheap back then), and we really gained some customers. In a stroke of good luck, I got in touch with a Groupon rep and they agreed to run a deal for my watches. I was one of the first products to run on Groupon. (Remember, Groupon was mainly for services like spas and meals at the time) This went well initially, and they slated me for a Black Friday national deal. They sold 7,000 of my 'deals' in 3 days. Turns out my supplier back in China was just a trade company, and he couldn't pull off a deal of my size on his 'credit' He almost completely screwed up the whole deal, and it was literally one of the lowest points of my life. In the end, I fulfilled about 70% of the orders successfully, and the other 30% basically told me I ruined their Christmas and got refunds. Funny thing was, Groupon still paid me out the entire amount even though there were almost 2,000 really upset customers (an omen that Groupon did not have their house in order and had their own crash coming) This company was called TIKKR by the way. The site is still up but I'm not really in business anymore. I might try to revive it someday. But I could see the writing on the wall. There were at least 50 companies I knew of that sold the exact same watch, including Walgreens which sold it without a brand name for $4.99. I dropped my price and got what I could out of it, but I needed a new idea. Also I had returns and warranties like mad and it cost me a ton of cash, the watches were just cheap...
I honestly don't remember how it came about, but I became aware of bamboo sunglasses being a thing. I was approached by my China friends to start something together. We were hanging out in Chicago that summer (2012 I think) which happened to be Groupon headquarters. I had a friend who worked there, and he got me access to their sales floor so I just kind of hung around and bothered people until I found the girl who sold fashion accessories.
Lesson 3 To get that big break, sometimes you just have to hang around until something happens to you. Not sure if that really qualifies as a legit 'lesson' but whatever.
I got her to agree to run us on a national scale. She told us to prepare 10,000 units for sale. I don't know how, but we got $180,000 together between 3 partners . The China guys, the Groupon insider, and me. (Actually I do know how, I used my TIKKR money with a big boost from Bank of Mom. Hi mom!) The China guys handled production, I handled branding, marketing, and everything else and the Groupon guy was the Groupon guy. I came up with Woodies (and I even bought Woodies.com for $4,000 from some Canadian dude who was selling hockey stick chairs) The idea came from the old Woodie station wagons where the frame was made from wood. I rented a few cars for the photoshoots I was obsessed with Ashley Sky at the time and I had the crazy idea to hire her for a photoshoot. I contacted her people and to my amazement, she was only like $600 for a day and she had 100k instagram followers! I figured we would make that money back with one post from her. The Groupon sale went live and we sold like 4,000 instead of 10,000.
Lesson 4 Be optimistic in general, but be realistic when it comes to forecasts.
I can't remember how many times I had a deal setup where I was like, yea I'm going to pay off all my student loans with this deal. It was usually mildly successful, but after all the bills were paid off, I wasn't as far ahead as I thought I would be. It reminds me of the Old Man and the Sea. You land this HUGE deal, but by the time you drag it to shore, a bunch of little things have brought it back to size. Overhead, customer service time, returns/warranties, new orders, customs fees, shipping really add up. So with that 'poor' sales showing, the China guys ran into their own cash-flow problems. Groupon guy and I were forced to buy them out basically. But we had a real business with real customers and we were rolling. We now had $140,000 capital base after paying off the China guys, not enough for a big order, so I noticed Kickstarter was really blowing up, and thought I could bridge our cash-flow with a blockbuster kickstarter campaign. This is where things get pretty interesting. I got it in my head I wanted to hire Kendall Jenner for this campaign. Somehow I tracked down her modeling agency and eventually her direct manager. They quoted me $100,000 for the day. I created a Pinterest board and sent it to her and asked if she would do it for $25,000 plus a bunch of incentives and they said YES! I was completely thrown off and not sure what to do. I ran some projections and thought that I could make up most of that money if we raised a lot of kickstarter money. I hired Ashley Sky, Damaris Aguiar, Kendall Jenner, Aygemang Clay, Lyall Aston photographed it, Sagette Van Embden videoed it, Lina Palacios styled it, Mary Guthrie was hair and makeup. It was a giant production. I couldn't believe it. I flew everyone out to Malibu, CA using Southwest Airlines buddy passes! Imagine Ashley Sky and Damaris Aguiar (so hot) standing at the Southwest ticket counter like wtf is standby? I'm over here sweating bullets hoping we don't get stuck in New Orleans and I look like a fraud. Actually I fought those type of feelings a lot during this period.
Lesson 5 Don't ever put yourself down.
Entrepreneurship is a crazy, improvisational dance. Sometimes I would look around at my competition and think they had it figured out, they were following a plan, they were 'professionals' and I was just doing my best to pretend. That's BS, we're ALL making it up as we go! Don't put this process on a pedestal, fake it til you make it! Anywho, I rent out a Malibu HQ using Airbnb and rented a van for the day. I still can't help but laughing when I remember this scene: I'm driving a large van with Kendall Jenner, Ashley Sky, Damaris Aguiar, and some bros, in the mountains of Malibu, I'm driving kind of fast around the curves because we're late for the call time I set for us. I'm wearing a captain's hat because that was my thing during that time. and Kendall's manager scolded me for taking the turns too fast. Fun times
Here is how the campaign turned out
So, I got Kendall to agree to Instagram/tweet/facebook the kickstarter campaign, but what I didn't realize is kickstarter is not mainstream and it just didn't convert. I raised like $30,000 in revenue against a cost of like $70,000. I can't say whether I would do it again given hindsight. It has led to great brand recognition because Kendall has kind of blew up and become a mega celebrity. AND her management let me write that contract so I have rights to those photos forever. One tweet by her got me close to 20,000 email subscribers which has been a stream of income ever since. (Shoutout Mailchimp!) *Monkeyrewards fyi Since then, I've been trying to come up with new designs, build on the brand, and leverage the list that came from Kendall Jenner's gravity to make sales. It's pretty seasonal, coming mostly during the summer and Christmas season. I have some big plans for 2015, but I have to keep them quiet for the time being, maybe there will be a follow-up post this next year
All that was a year ago and Woodies has had some good times and some slow times. I got into wood watches which have been really good sellers. I started selling on Amazon *affiliate, which has been a great boost to the bottom line.
Keep in mind that during this whole time I barely took a paycheck, and moved back in with mom in Tulsa, OK during a dry spell. I don't spend a lot of money, I have zero savings (except for a few Bitcoins) I actually travel most of the year, I'm in Thailand right now writing this to you. So to summarize, I've been an entrepreneur for a long time, and my success is best characterized by a few BIG wins, and mostly small, gradual losses. In between, my life has been great, I get to travel, work remotely, perform autonomous, creative work, do photoshoots with hot models, and learn a lot about myself and the world around me. I wouldn't trade it back and I'm optimistic about he future
Tech that makes all this possible:
Shipwire & Amazon FBA (Amazon FBA > Shipwire if you're wondering)
All Google Products: Gmail, Google Drive, Google Forms, Analytics
Xero for accounting
Shopify for e-commerce
[Fiverr](Fiverr.com) to boost online reviews
Alibaba for finding suppliers. Once you find them, visit them, and invest in a relationship with them
Mailchimp for Email marketing (the best thing going in my opinion)
Flexport for freight forwarding, definitely changing the game
Other takeaways:
Wholesale business and international shipping are both great if you like to waste huge amounts of time chasing small amounts of money. Stick to domestic until you're really big-time.
Never commit to big upfront costs. Always start small and test
Have a solid accounting system and data management system. It'll come in handy when you need it
I've got to shout out my friend and one-time employee Joanna (she just started OnceBitten ) I was rarely as productive as when I had someone else keeping me accountable and adding great ideas and hard work to the process. I guess the lesson is if you're going to hire somebody, make sure they're really, really good and pay them well
Things I haven't quite solved yet:
Customer Service management (I hate answering emails for real)
Taxes
CRM like Salesforce or something (is this necessary guys?)
I could go on, but I think this is enough. If you're still reading this, I'll answer questions if anyone wants to ask about business in China, solo-travel, branding, ecommerce, etc I'm not an expert in many things, but I know a little bit about a lot
See you at the Beach!
Cory Stout, Owner Woodies
A couple shout-outs: My other entrepreneur homies doing big things! RevelryDresses(group orders of sorority dresses)
OtisandEleanor(bluetooth speakers from bamboo)
OriginalGrain(wood watches, prob better than mine :) )
edit: Just want to say I'm enjoying hearing from you all. I'm doing solo travel right now, so it's nice to connect with other entrepreneurs out there
submitted by sigmaschmooz to Entrepreneur [link] [comments]

We are running our first CONTEST! Enter to win an MVP2 kit + a free bottle of juice! Comment here for an entry!

This business is my baby and I want to make it as successful as possible. My definition of success would be happy customers that came back time and time again. I am happy to be helping save peoples lives and give them a product that will help them stop a harmful habit.
To help promote my site, I am running my FIRST EVER contest for a Black MVP2 kit with iClear30 and a free bottle of juice. This promotion is going well on my facebook but has not generated any customers for me. This is why I am posting it to reddit now! My site got 150 views the past 2 days but has begun to decrease again back to 10-15 people per day.
To enter you can either use our facebook page to enter, or just leave a comment here stating your thoughts or what you'd like to see, anything really, and I will add your username to the excel list I randomly pick the winner with. The contest will end on Thursday April 17.
To do this, I need to know what YOU want me to carry. The next genre of items I will be adding soon is mechanical mods, RBA/RDAs, batteries, and perhaps more juice options.
What improvements can I make that would make you use my site? I haven't gotten many orders yet, and am still figuring out how to reach more customers. I accept cryptocoins like dogecoin and bitcoin, I think that helps to make me unique. I also beat any prices(not officially but if I see another site with my products, I adjust my price to be the same or similar).
Are you happy with my simple 5$ flat shipping rate via USPS, with free shipping for orders over 75$? Should I offer shipping internationally? (I wanted to start with USA first to get the hang of shipping things efficiently)
If you are a siteowner and have any advice I would LOVE it. If you are a customer or viewer, tell me why you didn't make a purchase or what I can do to make this a place you would like to visit regularly!
TLDR: Comment here for a chance to win a Black MVP2 kit with iClear30 + free juice. Winner picked April 17th 2014
EDIT: Thank you for your input. I have corrected a few images/typos. I have reduced 75$ free shipping down to 50$ free shipping. The MVP2 price has dropped to 45. I received my first bitcoin order and my first unexpected credit card order. I have ideas for new products like mech mods and rbas/rdas, sony batteries, chargers, KFL+, aspire nautilus, nemesis clone by hcigar, driptips, and more.
As for juice, everyone keeps saying to get more. Making juice is an art and very time consuming. I mainly want to be a shop that sells hardware, with a little bit of juice as a convenience for my customers so they can at least get everything in one spot to get started, or to at least have SOME juice in case the mailman comes a day early with just the vaporcrypt order(we all know how that feels >:( )
I'm going to listen to your advice and write some New Vaper FAQ or beginner guide on the site, and put together some kits of my OWN with parts I pick and a reason stating why I chose them.
Anyways THANK YOU ALL SO MUCH!!! You have all driven so much traffic, and given me weeks of work to begin making changes, talking to suppliers, and fixing small annoyances.
MUCH LOVE AND HAPPY VAPING, MAY YOUR WICKS STAY EVER SATURATED
EDIT2: People seem to be missing this. I do not intend to be a juice shop. I do not want to carry a lot of juices, as it is not profitable unless you are the one producing them, which I do not have the time or desire to do. I carry a SMALL selection of juices from Mount Baker Vapor currently, all are 12mg nic, 5050pgvg, and 15 ml bottles. I do this as a convenience for new vapers to get some juice with their order before they decide where they want to try ordering more flavors from. If you can suggest to me more places that have decent wholesale prices like MBV or know someone that is looking to get their flavors out there and wants to partner up with me, I would love to hear about it. If you are going to say "hey you should carry more juices", I have already been told and will not be answering that question anymore. I am mainly interested in hardware and want to focus on that so that I can deliver the best possible experience to you. There are too many combinations of juice flavor, strength, ratio, and size, for me to handle at this point in my business journey. I hope you can all understand.
Time for bed for me, I will do one last round of question answering in the morning before I am finished. You guys have been amazing and I really love this community and how generous and honest you all are. Happy vapor trails <3
EDIT: For those not following on facebook, the winner was announced there. My reply to a few comments: Winner was announced on facebook page after the contest ended, go see. I compiled a list of all the reddit usernames entered as well as the entries from facebook, removed duplicates in excel, and randomly selected one. The entry came from facebook so I contacted her there.
submitted by VaporCrypt to electronic_cigarette [link] [comments]

[uncensored-r/CryptoCurrency] Understanding Bitcoin Futures: How they work and why they are NOT going to crash the crypto market

The following post by arsonbunny is being replicated because some comments within the post(but not the post itself) have been openly removed.
The original post can be found(in censored form) at this link:
np.reddit.com/ CryptoCurrency/comments/7tdc3w
The original post's content was as follows:
Recently there has been a lot of talk about Bitcoin futures causing downward pressure for prices, especially with expectations of a crash around expiry date. Its clear that not many understand how derivatives work or why the specific structure of the CME/CBOE future contracts makes it so there is a pretty much no chance that there is a collusive scheme by futures traders to crash Bitcoin.
So I wrote up a quick description of how it works, and why there are 3 major reasons that futures are not to blame for Bitcoin's decline in price.

How futures contracts work

Futures contracts are an agreement to buy or sell an asset on a specific date in the future at a specified price. If you take a long position, you agree to buy an asset in the future at a specific price when the contract expires. When you take a short position, you agree to sell an asset at a set price when the contract expires.
A simple example to illustrate: Think of a shipping company who has a bunch deliveries planned in a year. The price of fuel is $2 per gallon today. They can enter a futures contract on an exchange that will allow them to buy say 10,000 gallons of fuel at $2.5 per gallon. A fuel wholesaler might be willing to take this contract on to lock in the $2.5 price guarantee. If a year from now the price of fuel rises to $4 dollars a gallon, the shipping company will save (4-2.5) x 1000 = $15,000. In this case its a risk management tool, often used in financial markets to hedge against the risk of changing prices. However it can also be used by speculators, simply to profit off expected changes in price and these are generally cash settled.
Bitcoin futures are cash settled, meaning no bitcoins actually change hands when a contract expires. The differential between spot prices (ie. current price) and the contract price is settled with cash. Winning traders effectively collect their gains from the losers.
A key point to realize is that futures markets are a zero-sum game. For every long there is a short. For every winner, there’s a loser. Every dollar of one trader’s profit is a dollar lost by another trader. If someone wants to bet big that bitcoin is going down, say, by shorting 1,000 bitcoin contracts, there needs to be one or more traders willing to take the opposite side.
Bitcoin futures trade on two exchanges: CME and CBOE.
The CME is the big one and offers contracts with a unit size of 5 BTC per contract. It has a contract limit of 1,000, meaning that no one party can have more than 1,000 contracts.
The CBOE offers contracts with a unit size of 1 BTC per contract. It has a contract limit of 5,000 contracts.

Why Bitcoin Futures aren't crashing Bitcoin

Reason #1: There simply isn't enough open interest position or volume
You can look at the total open interest and volume for BTC Futures on the CME for January 25th, a day before expiry:
http://www.cmegroup.com/trading/equity-index/us-index/bitcoin_quotes_volume_voi.html?marginsTab=SOM
The total volume for January was 769, the total volume for all months up to June 2018 is 1,223 contracts. The "open interest" number is the number of contracts which are still open (ie. haven't settled) and its only 139. If you go back to the beginning of the period just after the prior expire date, there were only 560 open contracts for the January 26th expiration date.
What this means that the total market on CME for shorting futures for the end of January period was only 560 x 5 = 2,800 BTC.
What if those evil Wall Street suits had the brilliant idea to buy Bitcoin back when it was $8,000 and then now flash sell it to bring the price down to profit off the short side? On January 19 the open interest was 560 contracts and the BTC price was $11,500, lets say the entire open interest is actually one group of people colluding to profit off the short positions. That means there is a total of 2,800 BTC value is contractually at stake, with a total nominal value of $32.2 million. Futures markets have something called "margin requirements", which is the minimum amount you have to pony up as collateral when taking a futures position. For Bitcoin its 43%, which means that they would need to put in $13.8 million of capital to short 2,800 Bitcoin.
According to Bitcointy, the volume traded in Bitcoin/USD on January 19 was around 134,000, with about 16 million BTC in circulation. This actually drastically underestimates the total volume of BTC traded since it excludes the big Asian markets, but let actually give the scenario this benefit. Lets imagine that someone would need to purchase just half of the daily volume (about 77K BTC) or about 0.5% of the total Bitcoin supply and then dumped it, and lets say this caused a huge $3K drop in Bitcoin price from its $11,500 price level back to about $8,500. They would need to pony up $616 milion to purchase just 77K BTC (0.5% of the supply) at $8,000. Assuming they achieve the $3K drop in price, that would net them a profit of 2800 BTC x $3,000 = $8.4 million from a $11,500 settlement price, or about 1% profit on their BTC purchase investment, less than a guaranteed government bond. All of this is assuming that 0.5% of the outstanding float would be enough to drive the price down $3K, and that they could somehow not experience substantial loses themselves in the dump. Basically it doesn't make any sense, the volume of open interest for futures available is simply too low to make this anything akin to profitable. Even if we assume there was a collusion scheme by everyone participating in the short market.
You can look at the Settlements to see the total open interest for all remaining months:
http://www.cmegroup.com/trading/equity-index/us-index/bitcoin_quotes_settlements_futures.html?marginsTab=SOM
The total open interest for all months up to June on January 25th is only 1,459 contracts. That's means the entire market for shorting Bitcoin up to June is only 7,295 BTC. No matter where you set the entry point, the return simply doesn't justify the risk or initial investment required.
Reason #2: The margin requirements are too high to offer enough leverage to manipulate the market
One attraction of trading futures is the ability to use relatively small amounts of money to potentially achieve outsized returns. In a lot of futures market, the margin (the amount of money that your broker requires up-front) can be quite small compared to the ultimate value of the contract. For example looking at CME Futures market for S&P 500 futures, each contract is worth about $143,000 (50 x S&P 500 value) and the margin requirement is only $4,800 (as of writing this) or about 3.3% nominal margin rate.
Your margin account balance is adjusted at the end of every trading day to account for the winnings or losses of the day, this is called daily settlement. If your account balance falls below the margin minimum of $4.8K you'll need to quickly add money to your account or your position will be summarily closed out by your broker. On the plus side, if you've predicted the S&P's direction correctly your profits will be that same as if you completely owned the underlying stocks in the index. A +1% daily move in the S&P500 would yield $1430 (1% of $143,000) in profit even though you only have $4800 invested - a huge return on. Margin requirements this low are only possible because the volatility of the S&P 500 is pretty low and well understood.
On the other hand Bitcoin futures have massive maintenance margin rates. The CBOE requires 40% of the notional amount for maintenance margin, the CME requires 43%. Your broker will likely require more than that.
Because of the high margin requirements, Bitcoin futures don't offer much leverage compared to just buying Bitcoins outright. You would need to place a huge amount of capital at risk just to get one Bitcoin contract on CME, the equivalent of 5 x (BTC USD value) x 0.43. If you wanted to short just 5 BTC and the price was 11K, that would require a margin of $23,650 to be maintained.
Reason #3: The big Wall Street Levered Funds aren't actually that into shorting Bitcoin
The CBOE is smaller than CME, but one neat thing about it is that it releases statistics on groupings for its futures markets, it gives out information on long vs short positions among Levered Funds, Other Reportable entities and Non-reportable.
The Levered Funds is what we would call "Wall Street", large hedge funds that invest other people's money. The "Other Reportable" would be other institutional investors but not necessarily trading with other's people's money, and the "Non Reportable" are small time investors and speculators. Here is the breakdown of Bitcoin Futures open interest contracts by these categories:
Levered Funds (Large Wall Street hedge funds)
Long Short
1142 518
Other Reportable (Other trading firms that don't necessarily manage money for outside investors)
Long Short
1243 3668
Non Reportable (ie. small speculators)
Long Short
2665 919
http://www.cftc.gov/dea/futures/financial_lf.htm
As you can see 68% of the Levered Funds actually go long on Bitcoin!
For "Other Reportable" you do have more short interest, but it only adds ...
submitted by censorship_notifier to noncensored_bitcoin [link] [comments]

US Futures Jump On Fresh Hopes For China Trade Deal, Dovish Powell Speech

In a generally quiet overnight session, renewed hopes for a thaw in U.S.-China trade relations at the upcoming G20 summit helped global shares rise to a one-week high on Wednesday, though lingering fears of a no-deal outcome weighed on European bourses. U.S. futures rose, extending on Tuesday's rebound and tracking gains in Asia as investors rekindled their risk appetite before a key speech by Fed chair Powell who many hope will reverse yesterday's hawkish rhetoric by Clarida, and come off as dovish, especially after this morning's report that Steve Mnuchin has been pushing for a shift from hiking rates to balance sheet reduction. The dollar and Treasuries were steady.

While President Donald Trump talked tough on the trade tariffs issue ahead of a meeting with Chinese President Xi Jinping on Saturday, markets focused on comments by White House economic adviser Larry Kudlow, who held open the possibility that the two countries would reach a trade deal. Kudlow’s comments helped Wall Street close higher and allowed Chinese and Japanese shares to rally 1% as the MSCI index of Asian shares ex-Japan gained 0.7%.
The mood however fizzled into the European session, with the pan-European index giving up opening gains to trade flat and Germany’s DAX trading unchanged. Technology companies and retailers were the best performers in the Stoxx Europe 600 Index, which struggled to maintain early gains as a Tuesday report that Trump may soon decide about new taxes on imported cars, still weighed on sentiment, keeping Europe’s auto sector shares 0.6 percent in the red.

"An expectation is being priced into markets ahead of the G20 meeting that we will see some deal or at least a framework for a deal between Trump and (Chinese President) Xi Jinping,” said Bernd Berg, global macro strategist at Switzerland-based Woodman Asset Management. “But if they come out with nothing this weekend, it’s going to be very bad."
Traders are also focusing on a speech at 12pm ET by Fed Chair Jerome Powell to see if he offers clues on how many more times the Fed could raise interest rates, following yesterday's modestly hawkish if cautious take from vice chair Clarida.
While Fed Vice Chair Richard Clarida took a less dovish stance on Tuesday than some had expected and backed more rate rises, Powell and his colleagues have in recent weeks alluded to global volatility, leading many to speculate the bank’s three-year-long rate rise campaign could pause in 2019.
Continued uncertainty over global trade as well as Brexit and Italy’s ongoing conflict with the European Union, have supported the U.S. dollar, which rose to a two-week high and approached the highest level hit in 2018.
While the main driver for the greenback is the U.S. interest rate path, Rodrigo Catril, senior strategist at National Australia Bank, said it was also benefiting from the uncertain mood. “Markets seem to be jumping at shadows at the moment and against this backdrop of uncertainty, the dollar remains the preferred option for weathering the storm,” Catril said.
Investors are also monitoring developments in Italy’s row with the EU over its budget spending, with Germany’s Handelsblatt and Italy’s La Stampa quoting EU commissioner Valdis Dombrovskis as saying the draft budget needed “substantial correction”.
The 10-year Treasury yield drifted ahead of Jerome Powell’s speech as European bonds nudged higher and the Euro was range bound. Italian bond yields flatlined after sharp rallies that were triggered by what appeared to be a more conciliatory stance from the government over the issue.
The dollar was mixed versus its Group-of-10 peers, trading in narrow ranges ahead of key events this week and EUUSD hovered below 1.1300; Treasuries were little changed with the 10-year yield at 3.05%. Sweden’s krona gained even after retail sales and an economic tendency survey missed estimates. The pound trimmed some of the previous session’s losses as U.K. Prime Minister Theresa May appeared to back down in a key Brexit battle with Parliament.
Brent crude handed back earlier gains to trade little changed. Brent (-0.4%) and WTI (-0.1%) are lower heading into the US open after initially trading positive. A larger than expected build in API crude stockpiles of +3.453mln compared to the expected build of +0.8mln had little impact on the price rebound at the time which instead focused on the larger than expected gasoline draw. Additionally, three North Sea forties crude cargoes which were scheduled to load in December have been cancelled due to the temporary closure of the 150,000 BPD capacity Buzzard oilfield. Saudi Energy minister Al Falih stated this morning that Saudi will not and cannot reduce output on their own, and is hopeful that upcoming meetings will result in agreement to stabilise the market.
Gold is slightly lower as the dollar continues to firm, although the yellow metal has rebounded from lows of USD 1211.3/oz in the previous session. Separately, copper is higher following a 3-session decline although, gains for the metal have been restricted by ongoing US-China tensions, with the most recent comments coming from White House Economic Advisor Kudlow saying that US President Trump is prepared to raise tariffs if G20 talks are not constructive.
On other markets, cryptocurrency bitcoin jumped 6 percent to above $4,000, its biggest one day jump since the summer, and extending its rebound from a low of $3,475 touched on Sunday.
Today's expected data include mortgage applications, wholesale inventories, and new home sales. Burlington Stores, Royal Bank of Canada, Tiffany, and Weibo are among companies reporting earnings.
Market Snapshot
Top Overnight News from Bloomberg
Asian equity markets traded mostly positive following a similar lead from Wall St. but with the session initially mired by lingering uncertainty regarding US-China trade relations. Nikkei 225 (+1.0%) outperformed as the index coat-tailed on the recent advances in USD/JPY, while ASX 200 (-0.1%) was subdued by weakness in miners after the metals complex felt the brunt of the recent USD strength and with financials subdued by AMP Capital amid risk of further mischarging cases and provisions. Elsewhere, Hang Seng (+1.3%) and Shanghai Comp. (+1.0%) were higher but with price action choppy in early trade amid tentativeness heading into the Trump-Xi showdown at this week’s G20 and as participants mulled over various comments from officials including White House Economic Adviser Kudlow who affirmed that Trump could hike tariffs if no constructive talks occur at G20 and that the White House is disappointed in China's response to the trade issue. However, Kudlow also noted that Trump is open to a deal with China and there were recent comments from China’s Vice Premier Liu that China wants a negotiated solution on trade based on mutual respect. Finally, 10yr JGBs weakened amid a lacklustre tone in T-note futures and with the BoJ’s presence in the bond market overshadowed by the outperformance of Japanese stocks. China's US envoy said selling or reducing purchases of US Treasuries would be very dangerous like playing with fire, while the envoy doesn't think anybody in Beijing is seriously thinking about pulling back from US Treasury debt market should tensions worsen. Furthermore, there were reports that China’s Ambassador to the US warned of dire consequences if the trade war leads to economic separation and that China prefers a negotiated solution, while the Ambassador warned that China will retaliate in proportion to any US sanctions regarding Muslim Uighurs in Xinjiang.
Top Asian News - Bank of Thailand Minutes Signal an Interest-Rate Hike Is Coming - Furor Over Gene-Altered Babies Deepens With China Project Halted - Pakistan’s Umar Says No Hurry for IMF Deal as Talks Resume - Turkey Sinks to Last on Emerging-Market Scorecard; Malaysia Tops - Brookfield Is Said to Be in Talks to Invest in Dubai’s Meraas
In a slightly choppy session thus far, European equities (Eurostoxx 50 +0.3%) have held on to opening gains seen in the wake of the upbeat US and Asia-Pac sessions, despite lingering trade concerns. The most recent interjection came from White House Economic Adviser Kudlow who commented that Trump is open to a deal with China and that the raising of tariffs to 25% is not a "certainty" but will be implemented if no constructive talks occur at the G20. In terms of sector specifics, IT names are the clear outperformers at this stage of the session with Wirecard (+1.3%) and Dialog Semiconductor (+3.1%) notable gainers in the tech-space after trying to recoup recent losses with not much else in the way of key newsflow. Noteworthy individual movers include EDF (+3.1%) with shares buoyed by reports that that a potential increase in the French government’s stake in the Co. would take place next year. To the downside, Tenaris (-8.2%), sit at the foot of the Stoxx 600 after the Co.’s chairman was indicted in a graft case, whilst Continental shares (-5.4%) have been weighed on by negative comments from Redburn who have warned over the group’s EBIT prospects in 2019.
Top European News
In FX, the DXY was off bet levels but retaining an underlying bid with supportive month end flows alongside HIA and SOMA redemption (24.9bln comes due on Friday) all impacting, while market participants keep a close eye on Fed Chair Powell’s speech scheduled for later today where he may stop the USD in its tracks or exacerbate the rally. The index has gained more ground above 97.000 to just over 97.500 before losing some momentum but still on the course to challenge the YTD high at 97.693, technically if not fundamentally. EUR: more choppy trade for the single currency with EUUSD trading around the middle of a 1.1267-1.1304 range having taken out stops at 1.1275. Italian politics keep weighing on the currency with the European Commission unimpressed as it will begin disciplinary actions on Italy regarding debt before Christmas. EU Commissioner Dombrovskis also added that a cut of 0.2% of the 2019 budget target is not enough. EUUSD is being drawn towards a large amount of option expiries between 1.1275 – 1.1300 (1.5bln). Looking ahead, markets will be keeping a close eye on the budget discussion between the Italian PM, two Deputy PM and Finance Minister for any hints of a budge towards EC’s direction. CAD – Another victim of the USD strength and global trade jitters as Trump’s economic advisor Kudlow said the USMCA agreement is to be signed on Friday at the G20 summit, but sticking points remain in regards to dairy. Note, choppy oil prices have hardly helped the Loonie slide to fresh multi-month lows around 1.3330. JPY ­ - Edging closer to 114.00 vs. the buck with heavy option expiries around 113.50-55 (1.47bln) and 114.00 (1.9bln). EM – Mostly weaker as the greenback hold firm with RUB as the standout underperformer amid the ongoing escalation between Russia and Ukraine, though Germany and France stated they are against stricter Russian sanctions for now, while there were witness reports of a Russian minesweeper ship heading towards the Sea of Azov share by Russia and Ukraine. On the flip side, the Russian Central Bank governor emerged earlier with a hawkish tilt whilst keeping options open for the next meeting. Note, USD/RUB is at 67.4000.
In commodities, Brent (-0.4%) and WTI (-0.1%) are lower heading into the US open after initially trading positive. A larger than expected build in API crude stockpiles of +3.453mln compared to the expected build of +0.8mln had little impact on the price rebound at the time. Additionally, three North Sea forties crude cargoes which were scheduled to load in December have been cancelled due to the temporary closure of the 150,000 BPD capacity Buzzard oilfield. Saudi Energy minister Al Falih stated this morning that Saudi will not and cannot reduce output on their own, and is hopeful that upcoming meetings will result in agreement to stabilise the market. Gold is slightly lower as the dollar continues to firm, although the yellow metal has rebounded from lows of USD 1211.3/oz in the previous session. Separately, copper is higher following a 3-session decline although, gains for the metal have been restricted by ongoing US-China tensions, with the most recent comments coming from White House Economic Advisor Kudlow saying that US President Trump is prepared to raise tariffs if G20 talks are not constructive.
Looking at the day ahead, the focus for the market is likely to be squarely with Fed Chair Powell’s speech. Away from that we also have the second revision of Q3 GDP in the US where no change from the +3.5% qoq saar estimate is expected. The October advance goods trade balance reading should also be closely watched with the consensus expecting a widening in the deficit to $77bn from $76bn last month. Also due out in the US will be October new home sales and the Richmond Fed manufacturing index print. It is another busy day for ECB speakers however with Coeure, Guindos and Praet all due to speak. The BoE’s Carney will also speak at the Financial Stability Report press conference this afternoon when we will also get the latest annual bank stress test results.
US Event Calendar
DB's Jim Reid concludes the overnight wrap
One thing I haven’t heard much about this year is a Santa Claus rally but the US has now had two up days in a row for the first time since mid month so maybe Santa is trying to get some momentum going. In fact given the conviction with which markets have moved in recent weeks, yesterday was a actually a rare calmer day with US equities opening lower but floating upward into their close. The S&P 500 ended +0.33% despite opening down -0.66%, while the DOW gained +0.44% and the NASDAQ closed flat. Attention continues to focus on this weekend’s meeting between Presidents Trump and Xi. The White House’s top economic advisor Larry Kudlow confirmed today that the two leaders will have dinner on Saturday night at the G-20 in Buenos Aires. He said that “there is a good possibility that we can make a deal” and “I don’t want to go overboard, but he [Trump] has indicated some optimism.” So hopes are continuing to build, and emerging market equities, which would benefit from a benign trade outcome, outperformed yesterday gaining +0.70%.
Apple continues to struggle and traded -0.22% lower yesterday as concerns continue regarding the company’s demand outlook and possible tariffs on components for their goods. Notably, Microsoft overtook it to become the world’s largest company by market cap again for the first time since October 2003! The last time Microsoft was larger than Apple was back in May 2010 (though at that time, Exxon Mobile was larger than either of the tech giants). Since Apple peaked in early October, it has shed around $300 billion of market cap, while Microsoft has shed ‘only’ $60 billion, or the equivalent of Pakistan’s GDP to the equivalent of Panama’s respectively. So in 7 weeks Apple has lost the entire annual GDP of a country with 197 million people in terms of market cap.
Europe struggled after an early positive open to close slightly lower across the board with the STOXX 600 ending -0.26%. Part of the reason for the dip in Europe seemed to lie with a story in the German business magazine WirtschaftsWoche (WiWo) which reported that President Trump may, as soon as next week, impose tariffs on cars imported into the US. However the details of the story appeared vague with the source also referencing “EU circles,” while the EU later rebutted the story. That said, autos lagged the wider market in the STOXX 600 yesterday with the sector down -2.52% with EU Trade Commissioner Malmstrom also repeating the warning of the risk of US tariffs on cars.
Making much less of impact on markets yesterday than his speech from two weeks ago were the comments from Fed Vice-Chair Clarida. It’s hard to argue that there was much new information for the market with many of his points a rehash from the October speech. Interestingly, there was no mention of financial conditions, global growth, or recent market volatility which is perhaps a touch hawkish at the margin, as it potentially signals the Fed isn’t hugely concerned about recent developments. Also, Clarida had previously outlined both upside and downside risks to the inflation outlook, but yesterday he dropped his reference to the downside scenario. The flip side however was Clarida’s mention that market- and survey-based measures of inflation expectations had slipped and also that, with an uncertain r-star, the Fed should infer its level from incoming market and economic data. Treasuries appeared fairly nonfussed though with 10-year yields moving as much as +1.8bps higher but quickly snapping back before ending the session close to flat at 3.055%. The USD index gained +0.31%. Later in the session, Chicago Fed President Evans highlighted that inflation is at target and said he favours getting policy back to neutral. The market did not react, but his comments are significant as he will be a voting member of the FOMC in 2019. His most recent vote was a dissent against the rate hike in December 2017.
Staying with the Fed, today the baton passes to Fed Chair Powell when he speaks at the Economic Club of New York at 5pm GMT on “The Federal Reserve’s framework for monitoring financial stability.” Our US economists previously highlighted that they expect Powell to reiterate the Fed’s plan to get back to neutral. However, since Powell has previously emphasized that neutral is highly uncertain, they are also watching for any hints that Powell sees recent market developments and/or slower activity in rate sensitive sectors like housing and capex as evidence that neutral could be lower than previously thought.
This morning in Asia markets are following Wall Street’s lead with Nikkei (+0.96%), Hang Seng (+0.91%), Shanghai Comp (+0.86%) and Kospi (+0.30%) all up with a rally largely driven by technology shares. Elsewhere, futures on S&P 500 (+0.03%) are pointing towards a flat start.
Moving on. Yesterday’s slew of data in the US was unlikely to move the dial for policy makers much at the Fed. The S&P CoreLogic National Home Price Index rose 0.33% mom and 5.15% yoy on a seasonally adjusted basis, roughly in line with expectations. The FHFA purchase only house price index rose +0.2%, the third weakest month since January 2015. Higher interest rates and tax changes continue to weigh on the housing sector. On the other hand, consumer confidence and the labour market continue to look strong, with the Conference Board Consumer Confidence index printing at 135.7 as expected, down 2.2pts but near its multi-decade high. The labour market subindex rose to 34.4, a new cycle high.
In other news, the daily Italy update consisted of another comment from the League suggesting that the deficit could be lowered to the 2.2% to 2.3% range, this time from Armando Siri. Reuters also reported that EU government delegates are today expected to back the EC’s disciplinary move against Italy, however a formal disciplinary proceeding may not begin until February. Also out yesterday was an MNI article suggesting that the ECB might be willing to consider OMT as an option for Italy should spreads come under further pressure. The story did appear to be rightly ignored by the market however, especially considering that OMT is conditional on an ESM programme. We are not close to being there yet, even if our head of research David Folkerts-Landau believes that the ESM and structural reforms will need to eventually be negotiated together in a grand bargain to deal with the Italian problem (see the op-ed here from David).
After a good run, BTPs were slightly weaker yesterday with two-year yields closing +3.3bps higher and 10-year yields +2.0bps. As we go to print Italian daily Corriere Della Sera reported PM Conte as saying that dealing with the EU over the budget wont be easy while adding that Italy will push ahead with reforms as social stability is more important for Italy. Elsewhere, the EC VP Dombrovskis said in an interview with La Stampa that Italy needs a “significant correction” of its budget. Indeed as we’re pressing the send button HB is reporting that the EU will open deficit procedures before Christmas. So the pressure is still high even if the news flow has improved of late.
Over to Brexit, where Prime Minister May continues to try to sell her Brexit Withdrawal Agreement to the public and to lawmakers. The leader of the DUP, Arlene Foster, said yesterday that “as far as I can see, this [deal] is not going through parliament” and the pound dropped -0.73% versus the dollar, as passage looks less and less likely and a hangover from the Trump comments the previous night on it being a better deal for the EU and that it precludes a UK/US free trade deal percolated. Nevertheless, a reminder that we turned bullish on the pound on Monday due to two key factors: first, the Government will allow amendments during the legislation process, and second, Labour has signaled their willingness to work through the amendment channel rather than try to topple the government. Together, these ingredients should enable the ‘soft Brexit’ majority in Parliament to coalesce around a non-disruptive exit plan. Voting on the motion to accept or reject the Brexit deal will start in the House of Commons at 7 p.m. on December 11 but the “Meaningful Vote” debate will start on December 4. There will be five days of 8hrs debate, each led by a different cabinet minister. So we may get an idea of potential amendments from next week.
As far as the day ahead is concerned, as noted earlier the focus for the market is likely to be squarely with Fed Chair Powell’s speech. Away from that we also have the second revision of Q3 GDP in the US where no change from the +3.5% qoq saar estimate is expected. The October advance goods trade balance reading should also be closely watched with the consensus expecting a widening in the deficit to $77bn from $76bn last month. Also due out in the US will be October new home sales and the Richmond Fed manufacturing index print. This morning in Europe it’s quiet with December consumer confidence in Germany and the October M3 money supply reading for the Euro Area the only data due. It is another busy day for ECB speakers however with Coeure, Guindos and Praet all due to speak. The BoE’s Carney will also speak at the Financial Stability Report press conference this afternoon when we will also get the latest annual bank stress test results.
submitted by rotoreuters to zerohedge [link] [comments]

NB: Каталог onion сайтов

Русскоязычные ресурсы, или где есть ссылки на русскоязычные ресурсы в TOR.
Каталоги, wiki, поисковики:
http://hss3uro2hsxfogfq.onion/ Поисковик в сети TOR
http://zqktlwi4fecvo6ri.onion — HiddenWiki
http://dirnxxdraygbifgc.onion/ — Каталог онион сайтов
https://ahmia.fi/search/- домен в клирнете, но ищет в tor. По факту каталог с мордой поисковика
http://kpynyvym6xqi7wz2.onion/links.html— Сборник адресов сайтов, в том числе и онион. Много мертвого, но покопаться можно
Торговые площадки и сервисы:
https://blockchainbdgpzk.onion — Зеркало в онион известного онлайн биткоин-кошелька. Дает из под тора регистрировать кошелек и делать переводы. Есть миксер. Интерфейс русифицирован.
http://rusilkusru6f57uw.onion —Russian SilkRoad. Торговая площадка на базе форума.Работает без JavaScript. Для продавцов статус дилера бесплатный, ежемесячных платежей нет, комиссия по факту сделки(платит продавец или покупатель по договоренности). Есть автоматический прием платежей. Моментальные магазины есть.
http://r2d2akbw3jpt4zbf.onion —R2D2. Торговая площадка на базе форума. Раньше регистрация была по инвайтам. Для работы требует включенного в браузере JavaScript. Статус продавца платный + комиссия (платит продавец или покупатель по договоренности). Автоматического приема платежей нет. Моментальных магазинов нет.
http://amberoadychffmyw.onion —Amberoad. Торговая площадка на базе форума. Для работы частично требует включенного в браузере JavaScript. Для продавцов статус дилера платный + комиссия(платит продавец или покупатель по договоренности) + ежемесячные платежи. Автоматического приема платежей нет. Моментальных магазинов нет.
http://www.lwplxqzvmgu43uff.onion— Runion. До недавнего времени информационный ресурс по безопасности. Сейчас добавили платные услуги по торговле. Написано, что есть автоматическая торговля. Комиссию платит продавец или покупатель по договоренности.
http://malina2ihfyawiau.onion —Malina. Торговая площадка на базе форума. Для работы требует включенного в браузере JavaScript. Статус продавца платный + комиссия (платит продавец или покупатель по договоренности). Автоматического приема платежей нет. Моментальных магазинов нет.
Разное:
http://rospravovkdvaobr.onion —Росправосудие. Зеркало известного сайта в онионе.
http://ajyltarwd6xmvhlu.onion —Русский чат. Тематика не указана.
http://xz5sdhbwrm4vvkxh.onion —Киберберкут в онионе.
Englisn onion
Introduction points, forums, links, search engines, information, chat, personal blogs”normal sites”
The Hidden Wiki http://zqktlwi4fecvo6ri.onion/wiki/index.php/Main_Page
The Uncensored Hidden wiki http://uhwikih256ynt57t.onion/wiki/index.php/Main_Page
Vault 43 (useful) http://vault43z5vxy3vn3.onion/
Imperial Library of TOR http://xfmro77i3lixucja.onion/
Yet another tor directory http://bdpuqvsqmphctrcs.onion/
Grams (search) http://grams7enufi7jmdl.onion/
The Hub (forum) http://thehub7dnl5nmcz5.onion/
Agora Forum http://lacbzxobeprssrfx.onion/
Onion soup (links n stuff) http://soupksx6vqh3ydda.onion/
TORUM (forum) http://torum4kqr55yqui6.onion/
Overchan (alittle of everything it seems) http://oniichanylo2tsi4.onion/
TORCH (search) http://xmh57jrzrnw6insl.onion/
French IRC Tor http://fitwebwmjekqsyrw.onion/
TORsearch http://kbhpodhnfxl3clb4.onion/
Yacy (search) http://yacy2tp5a2dhywmx.onion/
OnionDir (links) http://dirnxxdraygbifgc.onion/
Burnout (links) http://burnoutxf6o2yvsw.onion/
TOR Hidden Service (search) http://msydqstlz2kzerdg.onion/search/
Q&A(like yahoo answers) http://pequ3i77q5l4w4sw.onion/
Benji’s Blog http://sonntag6ej43fv2d.onion/en
Secret Stash (blog) http://dn4hcr3qhlpaiygr.onion/
Cruel Onion forum (forum for “bad* things) http://cruel2ijkqggizy5.onion/forum/
The Plague (links and things) http://zseijor556d5t4yf.onion/
Dark News (forum) http://xhb4vpn4a67sug7t.onion/
Spreadit (looks alittle like reddit) http://jdl3nf2hr3ehzyoc.onion/
Wizardry & Steamwork (search) http://kaarvixjxfdy2wv2.onion/
Myles Braithwaite http://gvvsa367g2zkzjj3.onion/
TOR links http://torlinkbgs6aabns.onion/
Nudist Paradise (site for nudists) http://qvchmzewlf4efhcw.onion/
DeepWeb Ministries (religios site) http://hxnibog5m2ocjeef.onion/
SIN Strategic INtelligence Network (be prepared for any situation) http://4iahqcjrtmxwofr6.onion/
Add any link (links) http://vizpz65utiopch7t.onion/
Shadow Life (news) http://shadow7jnzxjkvpz.onion/
Usenet file search http://wbyi72yt6gitdcqd.onion/
Liberty blog (free blogs) http://crylibertytwta4s.onion/
Intel Exchange (forum) http://rrcc5uuudhh4oz3c.onion/
GUROChan (message board) http://gurochanocizhuhg.onion/
Maxima Culpa (virtual confessions) http://nsmgu2mglfj7za6s.onion/
Onion DIR (links) http://chl7b5p6rr64po3s.onion/
Leonhard Weese (personal blog) http://liongrasr5uy5roo.onion/
YHIMA (links) http://ogbinmlotgjwgkeo.onion/
Sanctioned Suicide (forum) http://suicideocymrgxq7.onion/
anon confessions http://confessx3gx46lwg.onion/
OnionNet (links news etc) http://ubbchzof2pxs4swi.onion/
Surveilance Law http://7vrl523532rjjznj.onion/
BLue Onion (books) http://blue3237xytrz5rk.onion/blueonion/
The Hidden Forum http://ewd5a7hnvc4necnf.onion/index.php
SImple Store http://dharyyzdhok5eudi.onion/store/
Bad Ideas Forum http://7x5rg44gkhtovwjt.onion/forum/index.php
FUD (discussion board) http://bssjumzkbj3vlhiy.onion/
Hidden links http://hidhost5gk6w7ahf.onion/hidlinks/links.php
Facebook on tor? https://facebookcorewwwi.onion/
FBI Chan http://fbichanc6yfagl4l.onion/
Readers Club http://c3jemx2ube5v5zpg.onion/
Weblog http://6e3i6bqjgnmtn3fu.onion/
Marketplaces and stores
EasyCoin – Bitcoin Wallet with free Bitcoin Mixer. http://easycoinsayj7p5l.onion/
WeBuyBitcoins – Sell your Bitcoins for Cash, PP and more. http://jzn5w5pac26sqef4.onion/
OnionWallet – Anonymous Bitcoin Wallet and Bitcoin Laundry. http://ow24et3tetp6tvmk.onion/
EuCanna – ‘First Class Cannabis Healthcare’ http://rso4hutlefirefqp.onion/
Peoples Drug Store – The Darkweb’s Best Drug Supplier! http://newpdsuslmzqazvr.onion/
Smokeables – Finest Organic Cannabis shipped from the USA. http://smoker32pk4qt3mx.onion/
CannabisUK – UK Wholesale Cannabis Supplier. http://fzqnrlcvhkgbdwx5.onion/
DeDope – German Weed and Hash shop. (Bitcoin) http://kbvbh4kdddiha2ht.onion/
BitPharma – EU vendor for cocaine, speed, mdma, psychedelics. http://s5q54hfww56ov2xc.onion/
Brainmagic – Best psychedelics on the darknet. http://ll6lardicrvrljvq.onion/
NLGrowers – Coffee Shop grade Cannabis from the netherlands. http://25ffhnaechrbzwf3.onion/
Kamagra for Bitcoin – Same as Viagra but cheaper! http://k4btcoezc5tlxyaf.onion/
Mobile Store – unlocked iphones and other smartphones. http://mobil7rab6nuf7vx.onion/
UK Guns and Ammo – Selling Guns and Ammo from the UK. http://tuu66yxvrnn3of7l.onion/
Rent-A-Hacker – Hacking, DDOS, Social Engeneering etc. http://2ogmrlfzdthnwkez.onion/
Onion Identity Services – Selling Passports and ID-Cards. http://abbujjh5vqtq77wg.onion/
HQER – High quality euro bills replicas / counterfeits. http://y3fpieiezy2sin4a.onion/
USD Counterfeits – High quality USD counterfeits. http://qkj4drtgvpm7eecl.onion/
USA Citizenship – Get a real USA passport. http://xfnwyig7olypdq5r.onion/
Apples4Bitcoin – Cheap Apple products for Bitcoin. http://tfwdi3izigxllure.onion/
ccPal – CCs, CVV2s, Ebay, Paypals and more. http://3dbr5t4pygahedms.onion/
EuroGuns – Your #1 european arms dealer. http://2kka4f23pcxgqkpv.onion/
UK Passports – Original UK Passports. http://vfqnd6mieccqyiit.onion/
USfakeIDs – High quality USA Fake Drivers Licenses. http://en35tuzqmn4lofbk.onion/
Tech, technology, computers, hackers for hire, hacking/anarchy related materials
MacLemon (security, news, links) http://fzybdgczph7xfdnr.onion/
TOR Status – Tor network status http://jlve2y45zacpbz6s.onion/
TorPGP public key server http://torpgp3ujaysucll.onion/
Altera Praxis (not sure what this is tbh) http://ncivdawfxihoh7sj.onion/about.html
keybase (some sort of hackestalker tool idk) http://fncuwbiisyh6ak3i.onion/
Tor Web Devolper (for hire) http://qizriixqwmeq4p5b.onion/
Web Programmer (for hire) http://kobrabd77ppgjd2r.onion/
Ozy’s Hacking Service (hacker for hire) http://ozy7mnciacbc5idc.onion/
Pioopioo’s Services (hacker for hire) http://rowtogxp2akwem6n.onion/
Hacker place http://hackerw6dcplg3ej.onion/
Parazite (anarchy info mainly) http://kpynyvym6xqi7wz2.onion/
DNS support forum http://mj6vjwhtyahcj6fx.onion/
BitMessage mail gateway http://bitmailendavkbec.onion/
Keys Open Doors http://wdnqg3ehh3hvalpe.onion/
Hidden Service howto http://nfokjgfj3hxs4nwu.onion/
JRAT (java remote administration tool) http://jratoc334zo7zgis.onion/
FILTH (fuck i love to hack) http://om2ak3coziov3dbc.onion/forum/index.php
Onion Domains & MD5sums http://xlmvhk3rpdux26dz.onion/
Soylent News http://skgmctqnhyvfava3.onion/
Bluish Coder http://mh7mkfvezts5j6yu.onion/
Cable Viewer (idk what this is but its techy) http://leakager742hufco.onion/
Xerbot http://xfthw4bq7lx2y726.onion/
Hack Canada http://hackcanl2o4lvmnv.onion/
Imperial anarchist despotism http://rgeo5wj7gneidzh3.onion/
Directory Listing Denied (anon web ftp) http://wtutoxfznz45gf6c.onion/
Anarplex (some kind of computer anarchy) http://y5fmhyqdr6r7ddws.onion/
GhostDeveloper (freelance programmer) http://develggxuazrcokn.onion/
SKS Onion key server http://lbnugoq5na3mzkgv.onion/index.html
GNUPG http://ic6au7wa3f6naxjq.onion/
Cat facts http://2v7ibl5u4pbemwiz.onion/
Chess (game) http://theches3nacocgsc.onion/
Necro town (links n stuff) http://nekrooxwwskakacj.onion/
Encryption Password Generator http://pwgenmwi7eqsys76.onion/
rows.io jabber http://yz6yiv2hxyagvwy6.onion/
M5S leaks http://33pvcdba2nm3afnj.onion/
A cgi proxy http://x5yd2gfthlfgdqjg.onion/
FIT French IRC TOR http://fit2v7z4plpfyh2h.onion/
The Linux Documentation Project http://3c2rvufmbcggnqi6.onion/
Crypto Party http://cpartywvpihlabsy.onion/
Hive Archives http://thehivemwon6a5mp.onion/
txtorcon (python contril library for tor) http://timaq4ygg2iegci7.onion/
Rhodium (science stuff) http://rhodiumio4b7b4rm.onion/
Hackerspace Prague http://pmwdzvbyvnmwobk5.onion/
Political, activists, groups, journalism, whistle blowing etc
Youth Rage forum http://neyigf7eragkp5nq.onion/forum/
Associated Whistleblowers http://w6csjytbrl273che.onion/#/
Community X recruitment http://gp5tycij54ri7xcz.onion/
Code Green (ethical hacktivism) http://pyl7a4ccwgpxm6rd.onion/
Infodio Leaks http://ymi7h25hgp3bj63v.onion/#/
Wiki Leaks http://zbnnr7qzaxlk5tms.onion/
Zwitterion’s Domain http://3il6wiev2pnk7dat.onion/
Secure wildlife whistle blowing http://ppdz5djzpo3w5k2z.onion/#/
Freedom of the press foundation http://freepress3xxs3hk.onion/
the loli advocacy server http://lolikaastbgo5dtk.onion/
Global Leaks http://h73hx2munq7q465s.onion/#/
Tactical Technology http://hrkdpwrkh3lbow2l.onion/
Fund the islamic struggle http://teir4baj5mpvkg5n.onion/
Internet Governance Transparency http://k52lcjc5fws3jbqf.onion/
We fight censorship http://3kyl4i7bfdgwelmf.onion/
Anon Insiders http://imtrjn3qe2tzh5ae.onion/
Map Mos Maiorum (refugee help) http://iuektur6bicvfwcq.onion/ushahidi/
wiki leaks http://jwgkxry7xjeaeg5d.onion/
Anonymity, Security
includes secure email, chat, etc Anonet wiki http://xz2rtmpjjwvdw44p.onion/
Secure Messaging http://sms4tor3vcr2geip.onion/
MailTor http://mailtoralnhyol5v.onion/src/login.php
Lelantos email http://lelantoss7bcnwbv.onion/
Onion Mail http://p6x47b547s2fkmj3.onion/
JitJat (messaging) http://jitjatxmemcaaadp.onion/login.php
TOR PasteBin http://postits4tga4cqts.onion/
RetroShare chat server http://chat7zlxojqcf3nv.onion/
ProtectTOR55 http://protector55z5s7j.onion/
Zerobin http://zerobinqmdqd236y.onion/
TOR chat roulette http://tetatl6umgbmtv27.onion/
SIGAINT (email) http://sigaintevyh2rzvw.onion/
Offshore mail server http://inocncymyac2mufx.onion/
web/irc chat thing http://6ejbuiwnp77gu67h.onion/
FreeFor (chat) http://tns7i5gucaaussz4.onion/
Volatile (chat n stuff) http://vola7ileiax4ueow.onion/
Hosting, web, file, image
Onionweb File Hosting (100mb limit) http://3fnhfsfc2bpzdste.onion/
Hidden Hosting http://7zzohostingx4mes.onion/
Free Hosting links http://a5ok374pjcq7bsyp.onion/
Darknet services http://darknet4x3hcv5zp.onion/
Infernet Dark Hosting http://a5ok374pjcq7bsyp.onion/
IMG.BI (image hosting) http://imgbifwwqoixh7te.onion/
Secure Drop http://v6gdwmm7ed4oifvd.onion/
CYRUSERV http://cyruservvvklto2l.onion/
Free TOR Hosting http://zuxtem3jcv2fvmgk.onion/
Home Hosting (how to) http://dmru36nvfgtywx47.onion/
Real Hosting http://hosting6iar5zo7c.onion/
TorSafe (file hosting) http://torsafeiwttlkul6.onion/accounts/login/
Real Hosting http://ezuwnhj5j6mtk4xr.onion/
TOR VPS http://torvps7kzis5ujfz.onion/index.php/TorVPS
Kowloon (hosting) http://kowloon5aibdbege.onion/
Onion Pastebin http://pastetorziarobi7.onion/
Popfiles (file hosting) http://popfilesxuru7lsr.onion/
Hidden Hosting http://offshore6gq7ykr7.onion/
Darknet Solutions (hosting and design) http://darknet47je5xwm6.onion/
Onion uploader (file hosting up to 100mb) http://nk3k2rsitogzvk2a.onion/
Media, music, movies, art, cartoons, comics etc*
Skeletor.bit http://okzatvfk2jzgvmf4.onion/
Yay Ponies http://ponieslzi3ivbynd.onion/
HFS (music) http://wuvdsbmbwyjzsgei.onion/
Sea Kitten Palace (torrents) http://wtwfzc6ty2s6x4po.onion/
Manga http://negimarxzov6ca4c.onion/
Comics http://7etxnv26hro7mmuu.onion/
Deep Tune (music) http://tune4xs6mj2evcr6.onion/
TorFlix (movies) http://jl4m7ubpotnu2yos.onion/
No name, not sure if its music or speak but its mp3’s http://xf3fjq4b7j6pswuq.onion/
Gone Things (printable images) http://32ixi6myw3things.onion/
ORVoice (music) http://orvoicemur72h7rx.onion/TO
Index of (music) http://uuxrei5or65anucg.onion/
My little pony http://mlpfimf74svi6y4q.onion/s01/
The audiobook vault http://xmctuxj7dsymumwf.onion/
Разное:
DOXBIN http://doxbinbircrfbqvg.onion/ This is a big list of peoples personal information basicly, seems like a dump for info that hackers might want to retreive at a later date, but also seems like a show off site. Im not sure how to interpret all this
Riseup http://zsolxunfmbfuq7wf.onion/rc/
Thunder’s Place (penis enlargement) http://thundersplv36ecb.onion/
Smart5 (forum, for what idk though) http://smart5ywvuwbmzfd.onion/
German TOR Library (documents, files, on what subject idk) http://pqfja3rzroprkfq6.onion
Dying Breed (forum, idk what for) http://g6o7aurv4c3ixalq.onion/index.php
Hers some random cords. lat/long http://4k2oq3fswx35a72s.onion/
Zyprexa kills http://tdkhrvozivoez5ad.onion/
Cat out of the bag http://vkpriz2cjzymgpsp.onion/
XL33tVill3 (links and idk what) http://tt75atziadj4duff.onion/sindex.html
i really dont know what to say http://rjzdqt4z3z3xo73h.onion/
Solar display http://zgypn3izock2oqny.onion/
GIF files (global intelligence files) http://gkqmy7ioqptiru5o.onion/gifiles/
Hacked http://7o46qra2jkz3k3kx.onion/
GreatDumps http://www.greatobxvv7etokq.onion/?login.do/
International journal of proof of concept or GTFO http://pocgtfo7tu77thrp.onion/
Elize chatbot http://opnju4nyz7wbypme.onion/
Cryptome (im not sure where to put this so its here) http://y6q2mnorhmsfdm3r.onion/
Pastebin http://5aklnwbibkhrtbs6.onion/
submitted by Jayson_Roger to JRHarbor [link] [comments]

Bitcoin Drop Shipping Business? - Buying.com Is Drop Shipping a Scam or can You Make Money Drop Shipping eBay ebid and Amazon What You NEED To Know Before Dropshipping In 2020 - YouTube How does dropshipping work I Tried Shopify Dropshipping for 100 Days - YouTube

Drop shipping companies, which simply takes customer orders in and lets manufacturers and wholesalers take care of the actual transfer of goods, are also opening up to the idea of accepting bitcoin payments. These companies can offer anything and everything – from fashion items to gadgets – as drop shippers typically have a low cost outlay and focus mainly on marketing the products. Other ... How to Spot Fake Dropshipping Wholesalers. Depending on where you're searching, you'll likely come across a large number of “fake” wholesalers. Unfortunately, legitimate wholesalers are harder to find and tend to not have a strong online presence. This results in the non-genuine wholesalers – usually just middlemen – appearing more frequently in your searches, so you'll want to be ... Working with dropshipping wholesalers in the USA gives you a big advantage since more of the retail in the USA is headed toward “in-house” development. So if you’re looking for “made in the USA dropshipping wholesale suppliers” here is a free list of some vendors you can use to jump start the process for you: We have extensive experience with dropshipping and you can rest ensured that your customers will be taken care as well or even better than our own customers! We make no attempts to take customers from our retailers, we include none of our business information in all dropshipping orders. Retailers are welcome to provide us with their own business materials and we will gladly include those in ... Shop wholesale Bitcoin Miners, Networking & Communications, Computers & Networking and more from china best cheap wholesalers on DHgate and get worldwide delivery. - Page 4

[index] [29541] [13638] [9597] [16365] [13091] [25158] [10104] [44840] [13118] [24143]

Bitcoin Drop Shipping Business? - Buying.com

Where To Find Dropshipping & Wholesale Suppliers UPDATED! Part 1 - Duration: 15:57. Wholesale-Help.com 88,252 views. 15:57. What is Bitcoin? Bitcoin Explained Simply for Dummies - Duration: 12:49 ... List of Wholesale & Liquidation Websites to Buy Inventory from to Resell on Amazon, ... The Best Example of Bitcoin Drop Shipping Business - Duration: 0:54. Bitcoin World 228 views. 0:54. Armada ... http://21stepstowealth.com dropshipping - Drop shipping is a supply chain management method in which the retailer does not keep goods in stock but instead tr... This video is unavailable. Watch Queue Queue. Watch Queue Queue Over the past 100 days, I set out to make as much money as I could Shopify Dropshipping. INSTAGRAM: @liamthompsonofficial TIKTOK: @liamthompsonofficial Shopi...

#