Bitcoincharts

For Dec 31st

For Trading December 31st
Sellers Take Control Midday Bounce Fails
Bonds Rally Off Lows
RAD Falls Back To Earth
Join Us Every Day, Link Below
Today’s market started off slightly to the downside as futures were weak overnight. We started right around unchanged but by 10:30 we were at the lows of the day -216, and then spent until 1:00 grinding higher to make it back to the H.O.D. -76, and then fell back to -210 in late trading, finally closing -183.12 (.64%), NASDAQ -60.63 (.67%). S&P 500 -18.73 (.58%), the Russell down for the second day -4.88 (.29%) and the DJ Transports -63.12 (.57%). Internals were week, but not terribly at NYSE 4:3 lower and NAZ 3:2 down. The DIA was a dramatic 29:1 DOWN with only AAPL higher adding only 11 DPs. The biggest losers were BA -25, HD -18, IBM -17 and UNH -15 DP’s. As I’ve written both here and in the Weekly Strategies, this market is well overbought and needs (and deserves) a rest of either a pullback or at least some relatively sideways action to work off the gains. We have gotten a bit of a reprieve lately as we get to year-end, and buying continued. Sellers seemed to want to hold off taking gains this year, especially in the biggest names with the biggest gains, but not everyone got the memo. As I have mentioned, I believe that the consumer has downgraded their buying in favor of the discounters like WMT, TGT, TJX, and ROST, as well as even the nest level down, like FIVE, DLTR and DG, leaving the majors to heavily discount just to move inventory. We won’t know for a few weeks if that is the case, but consumer debt is at very high levels, and that’s the group that the talking heads have told everyone has helped buoy business. It certainly hasn’t been industrials and manufacturing. Again: CAUTION IS REQUIRED.
Our “open forum” on Discord, which allows me to interact with subscribers and others to allow direct questions and chart opinions on just about any stock, continues to grow with more participants every day. It is informative and allows me to share insights as the market is open and moving. The link is: https://discord.gg/ATvC7YZ and I will be there and active from before the open and all day. It’s a great place to share ideas and gain some insights.
SECTORS: Other names in the news: Several times last week I discussed the dramatic rise in RAD. Here’s the story:
RiteAid (RAD), also a major turnaround to actual earning that was reversed 1:20 in April had already worked its way from $5.02 in August to close last Wednesday $8.32, and blasted higher to close $11.84 +3.52 (42.31%). It continued higher again every day since and today finished $19.19 +3.05 (19.8%) and traded as high as $21.30 in extended hours. Besides the earnings last week, the stock was recommended by Zack’s this morning, but I think more important is the fact that there is a 26.6% short interest in the stock. We got short the stock on Friday with the purchase of puts as well as an actual short of 300 at $22.52 after the stock had made its new intraday high of $23.88, a move of over 300% in 8 trading days. The stock closed on the low on Friday at $20.30 +1.11, having left a gap to the upside for the day. This morning’s gap to the downside left what I think is an “island reversal” and if you saw my comments on page 6 in yesterday’s Weekly Strategies, you can see I was looking for $17. We bought back 100 each at $17.89, 16.95, and 16.51 for a total gain of $16.02. I may have been a little early, since if that reversal holds we could see single digits again. It finished $15.99 -4.31 (21.23%).
There was good news for patients of Pancreatic Cancer as the FDA approved a drug from MRK and AZN (AstraZenaca) but the stocks which were both higher early finished to the downside with the market. Part of the issue was that the FDA recommendation occurred 2 weeks ago and both stocks had moved higher since then.
And, the HOMERUN OF THE DAY was Savara (SVRA) who was granted a “Breakthrough Therapy Designation” for Molgradex, for treatment of Autoimmune Pulmonary Alveolar Proteinosis. The stock has been around since 2004 and has been reversed twice, 1:25 in 2010, and 1:70 in 2017, giving it an adjusted high of $9,415 in 2006, fell from $11.38 to 2.62 in April of this year and had closed $1.73 on Friday and opened today $4.14, traded to $5.20 and finished $4.91 + $3.18 (183.82%) and has traded $6.25 in extended hours tonight. The last is $5.56 +3.83 or 221%.
BIOPHARMA: was LOWER with BIIB -4.08, ABBV -.68, REGN +.38, ISRG -6.56, MYL -.23, TEVA -.24, VRTX -2.00, BHC -.28, INCY -.34, ICPT -.29, LABU -2.61 and IBB $119.94 -1.62 (1.33%).
CANNABIS: stocks were LOWER with TLRY -.57, CGC -.42, CRON -.25, GWPH +1.08, ACB unchanged, PYX +.68, APHA -.17, NBEV -.03, ACRGF -.72, CURLF +.15, KERN -.21 and MJ $16.21 -.49 (1.92%). This may be a good group for January trades after tax-selling.
DEFENSE: was MIXED with LMT -1.70, RTN -.77, GD -1.48, TXT +.13, UTX -.40, NOC +2.63, BWXT -.09, TDY +.55 and ITA $222.93 -.80 (.38%).
RETAIL was MIXED with M +.26, JWN -.24, KSS -.32, DDS +.85, JCP -.01, WMT -.19, TGT -.32, TJX +.30, KR +.30, RL -.83, UAA -.42, LULU +.63, TPR -.29, CPRI +.02 and XRT $45.93 -.31 (.67%).
FAANG and Big Cap: were LOWER across the board with AAPL +1.64 the only exception. GOOGL -15.84, AMZN -24.20, FB -3.59, NFLX -6.09, NVDA -4.87, TSLA -17.38(4.04%), BABA -2.47, BIDU -.16, BOX -.27, IBM -2.46, BA -3.45, CAT -.76 and XLK $91.38 -.53 (.58%).
FINANCIALS were LOWER with GS -.86, JPM -.49, BAC -.20, MS -.13, C -.07, PNC -.79, AIG -.07, TRV -.31, AXP -.89, and XLF $30.68 -.09 (.29%).
OIL, $61.68 + .04. Today’s action was a rally to $62.34 before settling back to just slightly higher. The stocks were LOWER with the profit taking in the general market and XLE was $59.78 -1.90 (3.08%).
METALS, GOLD: $1,518.60 +.50 after breaking out “of the box” earlier in the week, and has moved higher, and is now approaching the resistance around the $1,520 to $1,525 range. Today’s action was a short range “inside” day without any real direction.
BITCOIN: closed $7385 + 45. We broke to the upside but ran into a brick wall just under $8,000. I was very disappointed to see the break, although we are right back to the lower Bollinger Band. After having a GTC order @ $9.85 since we sold on 11/5, we finally got filled on the first 350 shares. I added 400 GBTC at $8.06 bringing the average down to $8.99. GBTC closed $8.45 -.13 today.
Tomorrow is another day.
CAM
submitted by Dashover to optionstrading [link] [comments]

For Trading Dec 31

For Trading December 31st
Sellers Take Control Midday Bounce Fails
Bonds Rally Off Lows
RAD Falls Back To Earth
Join Us Every Day, Link Below
Today’s market started off slightly to the downside as futures were weak overnight. We started right around unchanged but by 10:30 we were at the lows of the day -216, and then spent until 1:00 grinding higher to make it back to the H.O.D. -76, and then fell back to -210 in late trading, finally closing -183.12 (.64%), NASDAQ -60.63 (.67%). S&P 500 -18.73 (.58%), the Russell down for the second day -4.88 (.29%) and the DJ Transports -63.12 (.57%). Internals were week, but not terribly at NYSE 4:3 lower and NAZ 3:2 down. The DIA was a dramatic 29:1 DOWN with only AAPL higher adding only 11 DPs. The biggest losers were BA -25, HD -18, IBM -17 and UNH -15 DP’s. As I’ve written both here and in the Weekly Strategies, this market is well overbought and needs (and deserves) a rest of either a pullback or at least some relatively sideways action to work off the gains. We have gotten a bit of a reprieve lately as we get to year-end, and buying continued. Sellers seemed to want to hold off taking gains this year, especially in the biggest names with the biggest gains, but not everyone got the memo. As I have mentioned, I believe that the consumer has downgraded their buying in favor of the discounters like WMT, TGT, TJX, and ROST, as well as even the nest level down, like FIVE, DLTR and DG, leaving the majors to heavily discount just to move inventory. We won’t know for a few weeks if that is the case, but consumer debt is at very high levels, and that’s the group that the talking heads have told everyone has helped buoy business. It certainly hasn’t been industrials and manufacturing. Again: CAUTION IS REQUIRED.
Our “open forum” on Discord, which allows me to interact with subscribers and others to allow direct questions and chart opinions on just about any stock, continues to grow with more participants every day. It is informative and allows me to share insights as the market is open and moving. The link is: https://discord.gg/ATvC7YZ and I will be there and active from before the open and all day. It’s a great place to share ideas and gain some insights.
SECTORS: Other names in the news: Several times last week I discussed the dramatic rise in RAD. Here’s the story:
RiteAid (RAD), also a major turnaround to actual earning that was reversed 1:20 in April had already worked its way from $5.02 in August to close last Wednesday $8.32, and blasted higher to close $11.84 +3.52 (42.31%). It continued higher again every day since and today finished $19.19 +3.05 (19.8%) and traded as high as $21.30 in extended hours. Besides the earnings last week, the stock was recommended by Zack’s this morning, but I think more important is the fact that there is a 26.6% short interest in the stock. We got short the stock on Friday with the purchase of puts as well as an actual short of 300 at $22.52 after the stock had made its new intraday high of $23.88, a move of over 300% in 8 trading days. The stock closed on the low on Friday at $20.30 +1.11, having left a gap to the upside for the day. This morning’s gap to the downside left what I think is an “island reversal” and if you saw my comments on page 6 in yesterday’s Weekly Strategies, you can see I was looking for $17. We bought back 100 each at $17.89, 16.95, and 16.51 for a total gain of $16.02. I may have been a little early, since if that reversal holds we could see single digits again. It finished $15.99 -4.31 (21.23%).
There was good news for patients of Pancreatic Cancer as the FDA approved a drug from MRK and AZN (AstraZenaca) but the stocks which were both higher early finished to the downside with the market. Part of the issue was that the FDA recommendation occurred 2 weeks ago and both stocks had moved higher since then.
And, the HOMERUN OF THE DAY was Savara (SVRA) who was granted a “Breakthrough Therapy Designation” for Molgradex, for treatment of Autoimmune Pulmonary Alveolar Proteinosis. The stock has been around since 2004 and has been reversed twice, 1:25 in 2010, and 1:70 in 2017, giving it an adjusted high of $9,415 in 2006, fell from $11.38 to 2.62 in April of this year and had closed $1.73 on Friday and opened today $4.14, traded to $5.20 and finished $4.91 + $3.18 (183.82%) and has traded $6.25 in extended hours tonight. The last is $5.56 +3.83 or 221%.
BIOPHARMA: was LOWER with BIIB -4.08, ABBV -.68, REGN +.38, ISRG -6.56, MYL -.23, TEVA -.24, VRTX -2.00, BHC -.28, INCY -.34, ICPT -.29, LABU -2.61 and IBB $119.94 -1.62 (1.33%).
CANNABIS: stocks were LOWER with TLRY -.57, CGC -.42, CRON -.25, GWPH +1.08, ACB unchanged, PYX +.68, APHA -.17, NBEV -.03, ACRGF -.72, CURLF +.15, KERN -.21 and MJ $16.21 -.49 (1.92%). This may be a good group for January trades after tax-selling.
DEFENSE: was MIXED with LMT -1.70, RTN -.77, GD -1.48, TXT +.13, UTX -.40, NOC +2.63, BWXT -.09, TDY +.55 and ITA $222.93 -.80 (.38%).
RETAIL was MIXED with M +.26, JWN -.24, KSS -.32, DDS +.85, JCP -.01, WMT -.19, TGT -.32, TJX +.30, KR +.30, RL -.83, UAA -.42, LULU +.63, TPR -.29, CPRI +.02 and XRT $45.93 -.31 (.67%).
FAANG and Big Cap: were LOWER across the board with AAPL +1.64 the only exception. GOOGL -15.84, AMZN -24.20, FB -3.59, NFLX -6.09, NVDA -4.87, TSLA -17.38(4.04%), BABA -2.47, BIDU -.16, BOX -.27, IBM -2.46, BA -3.45, CAT -.76 and XLK $91.38 -.53 (.58%).
FINANCIALS were LOWER with GS -.86, JPM -.49, BAC -.20, MS -.13, C -.07, PNC -.79, AIG -.07, TRV -.31, AXP -.89, and XLF $30.68 -.09 (.29%).
OIL, $61.68 + .04. Today’s action was a rally to $62.34 before settling back to just slightly higher. The stocks were LOWER with the profit taking in the general market and XLE was $59.78 -1.90 (3.08%).
METALS, GOLD: $1,518.60 +.50 after breaking out “of the box” earlier in the week, and has moved higher, and is now approaching the resistance around the $1,520 to $1,525 range. Today’s action was a short range “inside” day without any real direction.
BITCOIN: closed $7385 + 45. We broke to the upside but ran into a brick wall just under $8,000. I was very disappointed to see the break, although we are right back to the lower Bollinger Band. After having a GTC order @ $9.85 since we sold on 11/5, we finally got filled on the first 350 shares. I added 400 GBTC at $8.06 bringing the average down to $8.99. GBTC closed $8.45 -.13 today.
Tomorrow is another day.
CAM
submitted by Dashover to swingtrading [link] [comments]

A Beginners Guide to Bitcoin, Blockchain & Cryptocurrency

As cryptocurrency, and blockchain technology become more abundant throughout our society, it’s important to understand the inner workings of this technology, especially if you plan to use cryptocurrency as an investment vehicle. If you’re new to the crypto-sphere, learning about Bitcoin makes it much easier to understand other cryptocurrencies as many other altcoins' technologies are borrowed directly from Bitcoin.
Bitcoin is one of those things that you look into only to discover you have more questions than answers, and right as you’re starting to wrap your head around the technology; you discover the fact that Bitcoin has six other variants (forks), the amount of politics at hand, or that there are over a thousand different cryptocurrencies just as complex if not even more complex than Bitcoin.
We are currently in the infancy of blockchain technology and the effects of this technology will be as profound as the internet. This isn’t something that’s just going to fade away into history as you may have been led to believe. I believe this is something that will become an integral part of our society, eventually embedded within our technology. If you’re a crypto-newbie, be glad that you're relatively early to the industry. I hope this post will put you on the fast-track to understanding Bitcoin, blockchain, and how a large percentage of cryptocurrencies work.

Community Terminology

Altcoin: Short for alternative coin. There are over 1,000 different cryptocurrencies. You’re probably most familiar with Bitcoin. Anything that isn’t Bitcoin is generally referred to as an altcoin.
HODL: Misspelling of hold. Dank meme accidentally started by this dude. Hodlers are much more interested in long term gains rather than playing the risky game of trying to time the market.
TO THE MOON: When a cryptocurrency’s price rapidly increases. A major price spike of over 1,000% can look like it’s blasting off to the moon. Just be sure you’re wearing your seatbelt when it comes crashing down.
FUD: Fear. Uncertainty. Doubt.
FOMO: Fear of missing out.
Bull Run: Financial term used to describe a rising market.
Bear Run: Financial term used to describe a falling market.

What Is Bitcoin?

Bitcoin (BTC) is a decentralized digital currency that uses cryptography to secure and ensure validity of transactions within the network. Hence the term crypto-currency. Decentralization is a key aspect of Bitcoin. There is no CEO of Bitcoin or central authoritative government in control of the currency. The currency is ran and operated by the people, for the people. One of the main development teams behind Bitcoin is blockstream.
Bitcoin is a product of blockchain technology. Blockchain is what allows for the security and decentralization of Bitcoin. To understand Bitcoin and other cryptocurrencies, you must understand to some degree, blockchain. This can get extremely technical the further down the rabbit hole you go, and because this is technically a beginners guide, I’m going to try and simplify to the best of my ability and provide resources for further technical reading.

A Brief History

Bitcoin was created by Satoshi Nakamoto. The identity of Nakamoto is unknown. The idea of Bitcoin was first introduced in 2008 when Nakamoto released the Bitcoin white paper - Bitcoin: A Peer-to-Peer Electronic Cash System. Later, in January 2009, Nakamoto announced the Bitcoin software and the Bitcoin network officially began.
I should also mention that the smallest unit of a Bitcoin is called a Satoshi. 1 BTC = 100,000,000 Satoshis. When purchasing Bitcoin, you don’t actually need to purchase an entire coin. Bitcoin is divisible, so you can purchase any amount greater than 1 Satoshi (0.00000001 BTC).

What Is Blockchain?

Blockchain is a distributed ledger, a distributed collection of accounts. What is being accounted for depends on the use-case of the blockchain itself. In the case of Bitcoin, what is being accounted for is financial transactions.
The first block in a blockchain is referred to as the genesis block. A block is an aggregate of data. Blocks are also discovered through a process known as mining (more on this later). Each block is cryptographically signed by the previous block in the chain and visualizing this would look something akin to a chain of blocks, hence the term, blockchain.
For more information regarding blockchain I’ve provided more resouces below:

What is Bitcoin Mining

Bitcoin mining is one solution to the double spend problem. Bitcoin mining is how transactions are placed into blocks and added onto the blockchain. This is done to ensure proof of work, where computational power is staked in order to solve what is essentially a puzzle. If you solve the puzzle correctly, you are rewarded Bitcoin in the form of transaction fees, and the predetermined block reward. The Bitcoin given during a block reward is also the only way new Bitcoin can be introduced into the economy. With a halving event occurring roughly every 4 years, it is estimated that the last Bitcoin block will be mined in the year 2,140. (See What is Block Reward below for more info).
Mining is one of those aspects of Bitcoin that can get extremely technical and more complicated the further down the rabbit hole you go. An entire website could be created (and many have) dedicated solely to information regarding Bitcoin mining. The small paragraph above is meant to briefly expose you to the function of mining and the role it plays within the ecosystem. It doesn’t even scratch the surface regarding the topic.

How do you Purchase Bitcoin?

The most popular way to purchase Bitcoin through is through an online exchange where you trade fiat (your national currency) for Bitcoin.
Popular exchanges include:
  • Coinbase
  • Kraken
  • Cex
  • Gemini
There’s tons of different exchanges. Just make sure you find one that supports your national currency.

Volatility

Bitcoin and cryptocurrencies are EXTREMELY volatile. Swings of 30% or more within a few days is not unheard of. Understand that there is always inherent risks with any investment. Cryptocurrencies especially. Only invest what you’re willing to lose.

Transaction & Network Fees

Transacting on the Bitcoin network is not free. Every purchase or transfer of Bitcoin will cost X amount of BTC depending on how congested the network is. These fees are given to miners as apart of the block reward.
Late 2017 when Bitcoin got up to $20,000USD, the average network fee was ~$50. Currently, at the time of writing this, the average network fee is $1.46. This data is available in real-time on BitInfoCharts.

Security

In this new era of money, there is no central bank or government you can go to in need of assistance. This means the responsibility of your money falls 100% into your hands. That being said, the security regarding your cryptocurrency should be impeccable. The anonymity provided by cryptocurrencies alone makes you a valuable target to hackers and scammers. Below I’ve detailed out best practices regarding securing your cryptocurrency.

Two-Factor Authentication (2FA)

Two-factor authentication is a second way of authenticating your identity upon signing in to an account. Most cryptocurrency related software/websites will offer or require some form of 2FA. Upon creation of any crypto-related account find the Security section and enable 2FA.

SMS Authentication

The most basic form of 2FA which you are probably most familiar with. This form of authentication sends a text message to your smartphone with a special code that will allow access to your account upon entry. Note that this is not the safest form of 2FA as you may still be vulnerable to what is known as a SIM swap attack. SIM swapping is a social engineering method in which an attacker will call up your phone carrier, impersonating you, in attempt to re-activate your SIM card on his/her device. Once the attacker has access to your SIM card he/she now has access to your text messages which can then be used to access your online accounts. You can prevent this by using an authenticator such as Google Authenticator.

Authenticator

The use of an authenticator is the safest form of 2FA. An authenticator is installed on a seperate device and enabling it requires you input an ever changing six digit code in order to access your account. I recommend using Google Authenticator.
If a website has the option to enable an authenticator, it will give you a QR code and secret key. Use Google Authenticator to scan the QR code. The secret key consists of a random string of numbers and letters. Write this down on a seperate sheet of paper and do not store it on a digital device.
Once Google Authenticator has been enabled, every time you sign into your account, you will have to input a six-digit code that looks similar to this. If you happen to lose or damage the device you have Google Authenticator installed on, you will be locked out of your account UNLESS you have access to the secret key (which you should have written down).

Hardware Wallets

A wallet is what you store Bitcoin and cryptocurrency on. I’ll provide resources on the different type of wallets later but I want to emphasize the use of a hardware wallet (aka cold storage).
Hardware wallets are the safest way of storing cryptocurrency because it allows for your crypto to be kept offline in a physical device. After purchasing crypto via an exchange, I recommend transferring it to cold storage. The most popular hardware wallets include the Ledger Nano S, and Trezor.
Hardware wallets come with a special key so that if it gets lost or damaged, you can recover your crypto. I recommend keeping your recovery key as well as any other sensitive information in a safety deposit box.
I know this all may seem a bit manic, but it is important you take the necessary security precautions in order to ensure the safety & longevity of your cryptocurrency.

Technical Aspects of Bitcoin

TL;DR
  • Address: What you send Bitcoin to.
  • Wallet: Where you store your Bitcoin
  • Max Supply: 21 million
  • Block Time: ~10 minutes
  • Block Size: 1-2 MB
  • Block Reward: BTC reward received from mining.

What is a Bitcoin Address?

A Bitcoin address is what you send Bitcoin to. If you want to receive Bitcoin you’d give someone your Bitcoin address. Think of a Bitcoin address as an email address for money.

What is a Bitcoin Wallet?

As the title implies, a Bitcoin wallet is anything that can store Bitcoin. There are many different types of wallets including paper wallets, software wallets and hardware wallets. It is generally advised NOT to keep cryptocurrency on an exchange, as exchanges are prone to hacks (see Mt. Gox hack).
My preferred method of storing cryptocurrency is using a hardware wallet such as the Ledger Nano S or Trezor. These allow you to keep your crypto offline in physical form and as a result, much more safe from hacks. Paper wallets also allow for this but have less functionality in my opinion.
After I make crypto purchases, I transfer it to my Ledger Nano S and keep that in a safe at home. Hardware wallets also come with a special key so that if it gets lost or damaged, you can recover your crypto. I recommend keeping your recovery key in a safety deposit box.

What is Bitcoins Max Supply?

The max supply of Bitcoin is 21 million. The only way new Bitcoins can be introduced into the economy are through block rewards which are given after successfully mining a block (more on this later).

What is Bitcoins Block Time?

The average time in which blocks are created is called block time. For Bitcoin, the block time is ~10 minutes, meaning, 10 minutes is the minimum amount of time it will take for a Bitcoin transaction to be processed. Note that transactions on the Bitcoin network can take much longer depending on how congested the network is. Having to wait a few hours or even a few days in some instances for a transaction to clear is not unheard of.
Other cryptocurrencies will have different block times. For example, Ethereum has a block time of ~15 seconds.
For more information on how block time works, Prabath Siriwardena has a good block post on this subject which can be found here.

What is Bitcoins Block Size?

There is a limit to how large blocks can be. In the early days of Bitcoin, the block size was 36MB, but in 2010 this was reduced to 1 MB in order to prevent distributed denial of service attacks (DDoS), spam, and other malicious use on the blockchain. Nowadays, blocks are routinely in excess of 1MB, with the largest to date being somewhere around 2.1 MB.
There is much debate amongst the community on whether or not to increase Bitcoin’s block size limit to account for ever-increasing network demand. A larger block size would allow for more transactions to be processed. The con argument to this is that decentralization would be at risk as mining would become more centralized. As a result of this debate, on August 1, 2017, Bitcoin underwent a hard-fork and Bitcoin Cash was created which has a block size limit of 8 MB. Note that these are two completely different blockchains and sending Bitcoin to a Bitcoin Cash wallet (or vice versa) will result in a failed transaction.
Update: As of May 15th, 2018 Bitcoin Cash underwent another hard fork and the block size has increased to 32 MB.
On the topic of Bitcoin vs Bitcoin Cash and which cryptocurrency is better, I’ll let you do your own research and make that decision for yourself. It is good to know that this is a debated topic within the community and example of the politics that manifest within the space. Now if you see community members arguing about this topic, you’ll at least have a bit of background to the issue.

What is Block Reward?

Block reward is the BTC you receive after discovering a block. Blocks are discovered through a process called mining. The only way new BTC can be added to the economy is through block rewards and the block reward is halved every 210,000 blocks (approximately every 4 years). Halving events are done to limit the supply of Bitcoin. At the inception of Bitcoin, the block reward was 50BTC. At the time of writing this, the block reward is 12.5BTC. Halving events will continue to occur until the amount of new Bitcoin introduced into the economy becomes less than 1 Satoshi. This is expected to happen around the year 2,140. All 21 million Bitcoins will have been mined. Once all Bitcoins have been mined, the block reward will only consist of transaction fees.

Technical Aspects Continued

Understanding Nodes

Straight from the Bitcoin.it wiki
Any computer that connects to the Bitcoin network is called a node. Nodes that fully verify all of the rules of Bitcoin are called full nodes.
In other words, full nodes are what verify the Bitcoin blockchain and they play a crucial role in maintaining the decentralized network. Full nodes store the entirety of the blockchain and validate transactions. Anyone can participate in the Bitcoin network and run a full node. Bitcoin.org has information on how to set up a full node. Running a full node also gives you wallet capabilities and the ability to query the blockchain.
For more information on Bitcoin nodes, see Andreas Antonopoulos’s Q&A on the role of nodes.

What is a Fork?

A fork is a divergence in a blockchain. Since Bitcoin is a peer-to-peer network, there’s an overall set of rules (protocol) in which participants within the network must abide by. These rules are put in place to form network consensus. Forks occur when implementations must be made to the blockchain or if there is disagreement amongst the network on how consensus should be achieved.

Soft Fork vs Hard Fork

The difference between soft and hard forks lies in compatibility. Soft forks are backwards compatible, hard forks are not. Think of soft forks as software upgrades to the blockchain, whereas hard forks are a software upgrade that warrant a completely new blockchain.
During a soft fork, miners and nodes upgrade their software to support new consensus rules. Nodes that do not upgrade will still accept the new blockchain.
Examples of Bitcoin soft forks include:
A hard fork can be thought of as the creation of a new blockchain that X percentage of the community decides to migrate too. During a hard fork, miners and nodes upgrade their software to support new consensus rules, Nodes that do not upgrade are invalid and cannot accept the new blockchain.
Examples of Bitcoin hard forks include:
  • Bitcoin Cash
  • Bitcoin Gold
Note that these are completely different blockchains and independent from the Bitcoin blockchain. If you try to send Bitcoin to one of these blockchains, the transaction will fail.

A Case For Bitcoin in a World of Centralization

Our current financial system is centralized, which means the ledger(s) that operate within this centralized system are subjugated to control, manipulation, fraud, and many other negative aspects that come with this system. There are also pros that come with a centralized system, such as the ability to swiftly make decisions. However, at some point, the cons outweigh the pros, and change is needed. What makes Bitcoin so special as opposed to our current financial system is that Bitcoin allows for the decentralized transfer of money. Not one person owns the Bitcoin network, everybody does. Not one person controls Bitcoin, everybody does. A decentralized system in theory removes much of the baggage that comes with a centralized system. Not to say the Bitcoin network doesn’t have its problems (wink wink it does), and there’s much debate amongst the community as to how to go about solving these issues. But even tiny steps are significant steps in the world of blockchain, and I believe Bitcoin will ultimately help to democratize our financial system, whether or not you believe it is here to stay for good.

Final Conclusions

Well that was a lot of words… Anyways I hope this guide was beneficial, especially to you crypto newbies out there. You may have come into this realm not expecting there to be an abundance of information to learn about. I know I didn’t. Bitcoin is only the tip of the iceberg, but now that you have a fundamental understanding of Bitcoin, learning about other cryptocurrencies such as Litecoin, and Ethereum will come more naturally.
Feel free to ask questions below! I’m sure either the community or myself would be happy to answer your questions.
Thanks for reading!

Related Links

Guides

Exchanges

submitted by MrCryptoDude to Bitcoin [link] [comments]

Major Moon Math Update: 2017-12-05

Still waiting on more volatility to confirm the range of the current "Insane Bull Channel." However, we're continuing our explosive break through the previous log channel. Despite my best wishes, it's no longer reasonable to put the "Insane Bull Channel" at 1.2% CDPR. _chewtoy_ got it right, again. I'm still holding back from the 1.5% - 2.0% CPDR that he called, but that can easily change in an instant.
To illustrate exactly how insane the current growth rate is I added an extra row with a price target of one hundred million USD/BTC.
I'm also adding a price chart that projects Local Bitcoins global USD volume growth based on the last year of performance. I'll release an update to that every week in a major moon math update like this.
nannal 2020 isn't far from pushing up another few percentage points. I need to debug the nannal 's A+ column because it doesn't seem to be flipping at the right time. I'll keep you posted about any changes to that.
Good hunting.

Azop's Rainbow Charts

Moon Math Table

Label 30-day Performance 60-day Performance 90-day Performance 2017 - Present Performance 2016 - Present Performance 2015 - Present Performance 2014 - Present Performance 2013 - Present Performance 2012 - Present Performance 2011 - Present Performance July 2010 - Present Performance
Doubling Period in Days 48 44 68 99 154 212 386 189 202 172 165
Compounding Daily Periodic Rate 1.49% 1.65% 1.06% 0.7302% 0.45% 0.34% 0.19% 0.38% 0.3561% 0.42% 0.44%
Over $12,000.00 on 2017-12-07 2017-12-07 2017-12-08 2017-12-09 2017-12-12 2017-12-15 2017-12-23 2017-12-14 2017-12-14 2017-12-13 2017-12-13
Over $31,620.00 on 2018-02-10 2018-02-04 2018-03-10 2018-04-22 2018-07-16 2018-09-27 2019-05-28 2018-08-26 2018-09-13 2018-08-02 2018-07-23
Over $100,000.00 on 2018-04-29 2018-04-15 2018-06-27 2018-09-27 2019-03-30 2019-09-02 2021-02-04 2019-06-25 2019-08-03 2019-05-05 2019-04-13
Over $1,000,000.00 on 2018-10-02 2018-09-03 2019-02-01 2019-08-09 2020-08-23 2021-07-14 2024-06-25 2021-02-20 2021-05-12 2020-11-06 2020-09-21
Over $100,000,000.00 on 2019-08-10 2019-06-11 2020-04-13 2021-05-03 2023-06-15 2025-04-05 2031-04-04 2024-06-16 2024-11-27 2023-11-15 2023-08-13
nannal 's A+ on 2018-05-15 2018-04-29 2018-07-24 2018-11-18 2019-08-25 NEVER!!!! NEVER!!!! NEVER!!!! NEVER!!!! 2019-11-04 2019-09-21
The Nannaling 64% What the shit is this?
nannal 2020 64% Read about it

Local Bitcoins Global Weekly USD Volume

Label 30-day Performance 60-day Performance 90-day Performance 2017 - Present Performance
From Date 2017-10-28 2017-09-30 2017-09-02 2016-12-31
Starting Price USD 54030549 52133827 44570601 17629542
% Change 165% 171% 200% 505%
Doubling Period in Days 50 85 94 149
Days in period 35 63 91 336
Compounding Daily Periodic Rate 1.4352% 0.8520% 0.7625% 0.4829%
Over $100,000,000 on 2017-12-12 2017-12-17 2017-12-19 2017-12-28
Over $150,000,000 on 2018-01-09 2018-02-03 2018-02-10 2018-03-22
Over $316,200,000 on 2018-03-02 2018-05-02 2018-05-19 2018-08-24
Over $1,000,000,000 on 2018-05-22 2018-09-15 2018-10-18 2019-04-20
Over $100,000,000,000 on 2019-04-10 2020-03-11 2020-06-15 2021-12-01
Over $1,000,000,000,000 on 2019-09-19 2020-12-07 2021-04-14 2023-03-24
http://MoonMath.Win
submitted by jarederaj to BitcoinMarkets [link] [comments]

Your Daily Moon Math 2017-12-07

You're all a bunch of degenerate addicts... and I love you all.
I started making this when the price was at 16k. Damnit, guys. Help a brother out? Just slow down a bit. Everthing in moon math is fucked up, because the price hasn't ever moved this much while I've been making the charts. The 12 old hour values for the price are ancient. So, we're getting some mixed reporting today.
2 Moon Math tables. 1 for today's price action... kinda. Another normal chart. Rainbow charts a little messed up. Live with it.
We need a major moon math update tomorrow if we're going to be up here at the end of the day. Lots of changes are needed in the rainbow charts. Only a partial release of those.
Dat Nannaling, though...

Azop's Rainbow Charts

Moon Math Table

Label 30-day Performance 60-day Performance 90-day Performance 2017 - Present Performance 2016 - Present Performance 2015 - Present Performance 2014 - Present Performance 2013 - Present Performance 2012 - Present Performance 2011 - Present Performance July 2010 - Present Performance
Doubling Period in Days 32 38 60 93 147 204 366 185 198 170 163
Compounding Daily Periodic Rate 2.23% 1.90% 1.19% 0.77% 0.45% 0.35% 0.20% 0.39% 0.36% 0.42% 0.44%
Over $20,000.00 on 2017-12-23 2017-12-25 2018-01-07 2018-01-24 2018-05-02 2018-03-24 2018-06-20 2018-03-12 2018-03-20 2018-03-03 2018-03-05
Over $31,620.00 on 2018-01-12 2018-01-19 2018-02-14 2018-03-24 2018-08-12 2018-08-01 2019-02-08 2018-07-08 2018-07-24 2018-06-19 2018-06-17
Over $100,000.00 on 2018-03-05 2018-03-20 2018-05-22 2018-08-20 2019-04-24 2019-06-23 2020-09-14 2019-04-30 2019-06-06 2019-03-18 2019-03-04
Over $1,000,000.00 on 2018-06-16 2018-07-19 2018-11-30 2019-06-14 2020-09-17 2021-04-05 2023-11-27 2020-12-12 2021-03-02 2020-09-10 2020-08-06
nannal 's A+ on 2018-03-16 2018-04-03 2018-06-15 2018-10-07 2019-07-12 2020-03-07 NEVER!!!! 2020-03-07 NEVER!!!! 2019-08-31 2019-07-25
The Nannaling 82% What the shit is this?
nannal 2020 73% Read about it

Advance Copy Moon Math Table

Label 30-day Performance 60-day Performance 90-day Performance 2017 - Present Performance 2016 - Present Performance 2015 - Present Performance 2014 - Present Performance 2013 - Present Performance 2012 - Present Performance 2011 - Present Performance July 2010 - Present Performance
Doubling Period in Days 26 33 52 88 140 195 345 181 194 167 160
Compounding Daily Periodic Rate 2.80% 2.18% 1.38% 0.82% 0.45% 0.37% 0.21% 0.40% 0.37% 0.43% 0.45%
Over $20,000.00 on 2017-12-13 2017-12-15 2017-12-21 2017-12-31 2018-05-02 2018-02-02 2018-03-21 2018-01-27 2018-02-01 2018-01-22 2018-01-25
Over $31,620.00 on 2017-12-29 2018-01-05 2018-01-23 2018-02-25 2018-08-12 2018-06-06 2018-10-27 2018-05-22 2018-06-04 2018-05-08 2018-05-08
Over $100,000.00 on 2018-02-09 2018-02-27 2018-04-17 2018-07-15 2019-04-24 2019-04-15 2020-04-30 2019-03-07 2019-04-11 2019-01-30 2019-01-20
Over $1,000,000.00 on 2018-05-02 2018-06-12 2018-09-30 2019-04-21 2020-09-17 2020-12-29 2023-05-09 2020-10-05 2020-12-22 2020-07-18 2020-06-17
nannal 's A+ on 2018-02-17 2018-03-10 2018-05-06 2018-08-25 2019-05-23 2019-11-12 NEVER!!!! 2019-11-12 NEVER!!!! 2019-06-24 2019-05-25
The Nannaling 82% What the shit is this?
nannal 2020 91% Read about it
submitted by jarederaj to BitcoinMarkets [link] [comments]

Major Moon Math Update 2017-11-02

The Calculated Update

Several changes today, aside from the financial changes of consecutive ATH days.
Reddit is giving me more columns now, so I'm using them. Moon Math goes all the way back to July 2011. If we can agree on a price for January 1st, 2011, then I'll adjust to that.
I'm adjusting how the trends are determined in Azop's charts. The full rainbow trend will be updated daily to track with the 2012 CDPR. The 2017 trend will be drawn based on the 2017 CDPR. It's a subtle change, but you'd notice if you followed azop closely. He would adjust these rates periodically, too. I had them fixed at the values of his last post until today.
nannal 2020 and The Nannaling will now be calculated against all 11 columns. So, it's going to be a lot harder to score a 50%. As if it wasn't hard enough.

Azops Rainbow Charts

https://imgur.com/a/ZNs55

Full Moon Math Table

Label 30-day Performance 60-day Performance 90-day Performance 2017 - Present Performance 2016 - Present Performance 2015 - Present Performance 2014 - Present Performance 2013 - Present Performance 2012 - Present Performance 2011 - Present Performance July 2010 - Present Performance
From Date 2017-10-02 2017-09-02 2017-08-03 2017-01-01 2016-01-01 2015-01-01 2014-01-01 2013-01-01 2012-01-01 2011-01-01 2010-07-18
Starting Price USD $4,386.88 $4,580.39 $2,794.12 $997.73 $432.00 $312.00 $804.00 $12.50 $5.27 $0.30 $0.09
% Change 152% 146% 239% 668% 1543% 2136% 829% 53322% 126476% 2221769% 7405896%
Doubling in months 1.7 3.8 2.4 3.8 5.8 8.0 15.7 6.6 7.1 5.9 5.6
Doubling Period in Days 51 115 74 115 176 243 476 202 215 179 171
Days in period 30 60 90 304 670 1035 1400 1765 2132 2497 2664
Compounding Daily Periodic Rate 1.40409% 0.63% 0.97% 0.63% 0.45% 0.30% 0.15% 0.36% 0.33558% 0.40% 0.42%
Daily Periodic Rate 1.73% 0.76% 1.54% 1.87% 0.94% 0.53% 0.20% 0.73% 0.66% 0.91% 1.00%
Annual Rate of Investment 632% 277% 562% 682% 344.0% 194.4% 73.6% 266.4% 239.7% 331.9% 364.7%
Over $7,500.00 on 2017-11-10 2017-11-20 2017-11-14 2017-11-20 2017-11-28 2017-12-11 2018-01-19 2017-12-05 2017-12-07 2017-12-01 2017-11-30
Over $8,000.00 on 2017-11-15 2017-12-01 2017-11-20 2017-12-01 2017-12-12 2018-01-02 2018-03-02 2017-12-23 2017-12-26 2017-12-17 2017-12-15
Over $9,000.00 on 2017-11-23 2017-12-20 2017-12-03 2017-12-20 2018-01-07 2018-02-11 2018-05-19 2018-01-25 2018-01-30 2018-01-15 2018-01-12
Over $10,000.00 on 2017-12-01 2018-01-05 2017-12-13 2018-01-05 2018-01-31 2018-03-19 2018-07-28 2018-02-24 2018-03-03 2018-02-11 2018-02-06
Over $50,000.00 on 2018-03-26 2018-09-20 2018-05-29 2018-09-20 2019-01-24 2019-09-14 2021-06-27 2019-05-22 2019-06-26 2019-03-19 2019-02-23
Over $100,000.00 on 2018-05-15 2019-01-09 2018-08-09 2019-01-09 2019-06-28 2020-05-05 2022-09-29 2019-12-03 2020-01-19 2019-09-08 2019-08-07
Over $1,000,000.00 on 2018-10-27 2020-01-12 2019-04-04 2020-01-13 2020-11-22 2022-06-22 2026-12-01 2021-09-10 2021-12-06 2021-04-05 2021-02-04
nannal 's A+ on 2018-05-30 2019-03-24 2018-09-08 2019-03-25 2019-12-28 NEVER!!!! NEVER!!!! NEVER!!!! NEVER!!!! NEVER!!!! 2020-03-31
The Nannaling 54.5% What the shit is this?
nannal 2020 45.5% Read about it
http://moonmath.win
submitted by jarederaj to BitcoinMarkets [link] [comments]

Your Daily Moon Math - 2017-12-11

Futures trading is happening now, I guess. What a joke.
Here's Cramer being wrong, again.
https://www.cnbc.com/video/2017/12/08/cramer-there-could-be-more-shenanigans-after-bitcoin-futures-start-trading.html
Futures markets will not "kibosh" Bitcoin volatility until there's an actual asset that's traded behind the contract. Skin isn't in the game in those markets, yet. To impact trading you need to have a mechanism that directly includes you in the market.
Review evandaniel 's post history for a tempered view of futures.
My view is that what we're seeing is the first best move of the establishment to fight cooperatively against what they're starting consider a real and present danger. Apparently, they're divided and uncertain about being corralled into an ideological dispute and universally unwilling to put their money where their mouth is.

Azop's Rainbow Charts

Moon Math Table

Label 30-day Performance 60-day Performance 90-day Performance 2017 - Present Performance 2016 - Present Performance 2015 - Present Performance 2014 - Present Performance 2013 - Present Performance 2012 - Present Performance 2011 - Present Performance July 2010 - Present Performance
From Date 2017-11-10 2017-10-11 2017-09-11 2017-01-01 2016-01-01 2015-01-01 2014-01-01 2013-01-01 2012-01-01 2011-01-01 2010-07-18
Starting Price USD $6,719.40 $4,819.49 $4,248.09 $997.73 $432.00 $312.00 $804.00 $12.50 $5.27 $0.30 $0.09
% Change 221% 309% 350% 1490% 3442% 4766% 1849% 118958% 282159% 4956602% 16522006%
Doubling in months 0.9 1.2 1.7 3.0 4.7 6.6 11.7 6.0 6.5 5.5 5.3
Doubling Period in Days 27 38 51 91 144 200 355 183 196 169 162
Days in period 30 60 90 343 709 1074 1439 1804 2171 2536 2703
Compounding Daily Periodic Rate 2.68315% 1.90% 1.40% 0.7908% 0.45% 0.36% 0.20% 0.39% 0.36663% 0.43% 0.45%
Daily Periodic Rate 4.04% 3.48% 2.78% 4.05% 1.42% 0.74% 0.30% 0.87% 0.77% 1.02% 1.11%
Annual Rate of Investment 1476% 1269% 1014% 1480% 518.3% 271.8% 109.6% 319.0% 280.3% 374.0% 406.5%
Over $20,000.00 on 2017-12-20 2017-12-25 2017-12-30 2018-01-15 2018-05-02 2018-02-28 2018-05-03 2018-02-19 2018-02-25 2018-02-12 2018-02-15
Over $25,190.00 on 2017-12-29 2018-01-06 2018-01-15 2018-02-13 2018-06-22 2018-05-03 2018-08-25 2018-04-19 2018-04-29 2018-04-07 2018-04-08
Over $31,620.00 on 2018-01-06 2018-01-18 2018-02-01 2018-03-14 2018-08-12 2018-07-05 2018-12-15 2018-06-16 2018-06-30 2018-05-31 2018-05-29
Over $56,230.00 on 2018-01-28 2018-02-17 2018-03-14 2018-05-25 2018-12-17 2018-12-12 2019-09-24 2018-11-09 2018-12-04 2018-10-12 2018-10-06
Over $79,430.00 on 2018-02-10 2018-03-07 2018-04-07 2018-07-08 2019-03-04 2019-03-17 2020-03-13 2019-02-05 2019-03-09 2019-01-01 2018-12-22
Over $100,000.00 on 2018-02-18 2018-03-20 2018-04-24 2018-08-06 2019-04-24 2019-05-20 2020-07-04 2019-04-05 2019-05-10 2019-02-24 2019-02-12
Over $1,000,000.00 on 2018-05-15 2018-07-19 2018-10-05 2019-05-24 2020-09-17 2021-02-17 2023-08-13 2020-11-10 2021-01-27 2020-08-16 2020-07-14
nannal 's A+ on 2018-02-28 2018-04-02 2018-05-14 2018-09-21 2019-06-20 2020-01-09 NEVER!!!! 2020-01-09 NEVER!!!! 2019-07-31 2019-06-28
The Nannaling 81.8% What the shit is this?
nannal 2020 72.7% Read about it

LocalBitcoins Volume Moon Math Table

https://coin.dance/volume/localbitcoins/ALL
Label 30-day Performance 60-day Performance 90-day Performance 2017 - Present Performance
From Date 2017-11-04 2017-10-07 2017-09-09 2016-12-31
Starting Price USD 65851670 48861006 53429749 17629542
% Change 147% 199% 182% 550%
Doubling Period in Days 65 66 109 144
Days in period 35 63 91 343
Compounding Daily Periodic Rate 1.1132% 1.0947% 0.6577% 0.4984%
Over $100,000,000.00 on 2017-12-13 2017-12-13 2017-12-15 2017-12-17
Over $150,000,000.00 on 2018-01-19 2018-01-20 2018-02-15 2018-03-08
Over $316,200,000.00 on 2018-03-27 2018-03-29 2018-06-09 2018-08-05
Over $1,000,000,000.00 on 2018-07-09 2018-07-13 2018-12-01 2019-03-25
Over $100,000,000,000.00 on 2019-08-29 2019-09-09 2020-11-03 2021-10-06
Over $1,000,000,000,000.00 on 2020-03-24 2020-04-07 2021-10-20 2023-01-12
submitted by jarederaj to BitcoinMarkets [link] [comments]

Bitcoin Moon Math Update

Azop's Rainbow Charts

Moon Math Table

Label 30-day Performance 60-day Performance 90-day Performance 2017 - Present Performance 2016 - Present Performance 2015 - Present Performance 2014 - Present Performance 2013 - Present Performance 2012 - Present Performance 2011 - Present Performance July 2010 - Present Performance
Doubling Period in Days 47 43 67 99 154 213 389 190 203 172 165
Compounding Daily Periodic Rate 1.52% 1.66% 1.07% 0.7258% 0.45% 0.34% 0.18% 0.38% 0.3552% 0.42% 0.44%
Over $12,000.00 on 2017-12-07 2017-12-07 2017-12-09 2017-12-11 2017-12-16 2017-12-20 2018-01-03 2017-12-19 2017-12-20 2017-12-17 2017-12-17
Over $31,620.00 on 2018-02-09 2018-02-04 2018-03-10 2018-04-24 2018-07-20 2018-10-04 2019-06-12 2018-08-31 2018-09-19 2018-08-07 2018-07-27
Over $100,000.00 on 2018-04-26 2018-04-15 2018-06-26 2018-10-01 2019-04-02 2019-09-11 2021-02-24 2019-07-01 2019-08-10 2019-05-10 2019-04-17
Over $1,000,000.00 on 2018-09-26 2018-09-02 2019-01-28 2019-08-15 2020-08-27 2021-07-26 2024-07-24 2021-02-28 2021-05-20 2020-11-13 2020-09-27
nannal 's A+ on 2018-05-12 2018-04-28 2018-07-22 2018-11-22 2019-08-31 NEVER!!!! NEVER!!!! NEVER!!!! NEVER!!!! 2019-11-12 2019-09-28
The Nannaling 64% What the shit is this?
nannal 2020 64% Read about it
http://moonmath.win
submitted by jarederaj to Bitcoin [link] [comments]

Your Daily Moon Math - 2017-12-13

If futures markets were supposed to introduce stability to Bitcoin, they're failing terribly. All measures of stability have decayed to their lowest observed levels in some time.
http://bitcoinstability.github.io/bitcoinstability/#/stability
Volume in those markets are low, and it doesn't appear to be gaining traction. If Wall Street wants to play in these waters it will need to do more than gamble on the price. They need to get skin in the game. When, not if, that happens it's going to make the last 12 months look like a vacation cruise.
The first rainbow chart has become so steep that I needed to move the position of the entire rainbow down. I'll eventually find a better way to anchor that against the price. For now, I'm just trying to keep as much of the lower extremes in the rainbow as possible.
The change has pushed the price action solidly into the dark orange section of the rainbow. I may need to start posting two versions of that chart. This one has heavily deviated from azop 's creation, which many people use as a stable way to review and compare price performance.
I've removed the Bull Trend charts because they've effectively become identical to the 2017 trend. However, the bands on the 2017 chart have been adjusted to match the bands on the former bull trend chart. Basically, those two charts have been fully merged. When I started making the 2017 chart the CDPR was 0.60%. That's how far we've moved the price. It only took a couple months to dwarf the performance of an already stellar year.
The Insane Bull Run rate has been dropped from 1.4% to 1.25% and the bands have been tightened. This seems to better frame the price performance we've seen. I think we've narrowly avoided the near-term disaster scenario of sustained performance over 1.5%. _chewtoy_ can sigh a sigh of relief.
1.2% is still nuts, but we have and can continue to press on at this rate for months at a time.

Azop's Rainbow Charts

Moon Math Table

Label 30-day Performance 60-day Performance 90-day Performance 2017 - Present Performance 2016 - Present Performance 2015 - Present Performance 2014 - Present Performance 2013 - Present Performance 2012 - Present Performance 2011 - Present Performance July 2010 - Present Performance
From Date 2017-11-12 2017-10-13 2017-09-13 2017-01-01 2016-01-01 2015-01-01 2014-01-01 2013-01-01 2012-01-01 2011-01-01 2010-07-18
Starting Price USD $5,716.30 $5,563.81 $3,961.27 $997.73 $432.00 $312.00 $804.00 $12.50 $5.27 $0.30 $0.09
% Change 302% 311% 436% 1732% 3999% 5537% 2149% 138211% 327825% 5758798% 19195993%
Doubling in months 0.6 1.2 1.4 2.9 4.6 6.3 11.1 5.9 6.3 5.5 5.3
Doubling Period in Days 19 38 44 87 138 193 338 179 193 166 160
Days in period 30 60 90 345 711 1076 1441 1806 2173 2538 2705
Compounding Daily Periodic Rate 3.75553% 1.91% 1.65% 0.8300% 0.45% 0.37% 0.21% 0.40% 0.37322% 0.43% 0.45%
Daily Periodic Rate 6.74% 3.51% 3.73% 4.73% 1.55% 0.80% 0.32% 0.91% 0.79% 1.05% 1.14%
Annual Rate of Investment 2460% 1281% 1363% 1726% 564.3% 290.3% 117.5% 331.2% 289.5% 383.7% 416.3%
Over $20,000.00 on 2017-12-15 2017-12-19 2017-12-20 2017-12-28 2018-05-02 2018-01-18 2018-02-17 2018-01-13 2018-01-17 2018-01-10 2018-01-14
Over $25,190.00 on 2017-12-21 2017-12-31 2018-01-03 2018-01-25 2018-06-22 2018-03-20 2018-06-05 2018-03-12 2018-03-19 2018-03-04 2018-03-06
Over $31,620.00 on 2017-12-27 2018-01-12 2018-01-16 2018-02-21 2018-08-12 2018-05-20 2018-09-20 2018-05-08 2018-05-19 2018-04-26 2018-04-26
Over $56,230.00 on 2018-01-11 2018-02-11 2018-02-20 2018-05-01 2018-12-17 2018-10-21 2019-06-17 2018-09-28 2018-10-21 2018-09-06 2018-09-01
Over $79,430.00 on 2018-01-21 2018-03-01 2018-03-13 2018-06-12 2019-03-04 2019-01-22 2019-11-26 2018-12-23 2019-01-21 2018-11-24 2018-11-17
Over $100,000.00 on 2018-01-27 2018-03-13 2018-03-27 2018-07-10 2019-04-24 2019-03-24 2020-03-13 2019-02-19 2019-03-24 2019-01-17 2019-01-07
Over $1,000,000.00 on 2018-03-29 2018-07-12 2018-08-14 2019-04-13 2020-09-17 2020-11-29 2023-02-26 2020-09-14 2020-11-30 2020-07-02 2020-06-02
nannal 's A+ on 2018-02-03 2018-03-26 2018-04-12 2018-08-20 2019-05-10 2019-10-14 NEVER!!!! 2019-10-14 NEVER!!!! 2019-06-06 2019-05-09
The Nannaling 81.8% What the shit is this?
nannal 2020 90.9% Read about it
submitted by jarederaj to BitcoinMarkets [link] [comments]

Moon Math Update - 2018-02-02

The Last Great Bubble

Go to http://moonmath.win for the full update and rainbow charts
Taking a different approach today. I Published the Moon Math rant on tradingview with the analysis you see below. Today's wild speculation needs visual assistance to make much sense, and Trading View seemed the most practical way to communicate these ideas in a way that allows you all to call bullshit on me in a month or two.
Trading View: https://www.tradingview.com/chart/BTCUSD/HU1Vsylx-The-last-great-bubble/

Currently:

Bitcoin is in a period of consolidation at the bottom of the long-term channel. Movement will seem sideways and down until indicators signal the next wave of adoption. Sentiment will remain low.

A : Medium-term consolidation

Resistance to growth remains through February and part of March while bearish and moderate performance causes increased price stability. Two descending wedges are broken before bullish sentiment can return.

B : New ATH sometime between May and July 2018

Two descending wedges are broken--drawn from the 2017 ATH and the January 2018 breakdown—and moderate to bullish sentiment pushes bitcoin to a new ATH. ATH is established somewhere between 20K and 28K USD. A new wave of adoption from new markets is identified. Full capitulation from alt market speculation exposes frivolous Crypto Assets.
The ascending wedge between the 2017 and 2013 ATH is difficult to break. It’s EXTREMELY LIKELY that following scenarios take an additional 10 months. Price targets for an extended scenario are substantially higher.

C : Price is pushed over 50k sometime between June and August or as late as November 2018

Bitcoin's user base rapidly grows. It’s fueled by new growth and a new wave of users. Segwit and Lightning adoption demonstrate 100x increase in possible transaction support while significantly decreasing transaction fees. LocalBitcoin processes 20 to 40 million USD in transactions daily. Press praises Bitcoin as a tool ready or nearly ready for “Main Street.” A use case for Lightning in retail businesses is implemented in some markets.

D : Bounce off the top of the channel between July and October, or as late as March 2019

The speculative fever lasts and Bitcoin hits the top of the long-term channel for the first time since November 2015. The new ATH is somewhere between 90k and 200kUSD. The extended scenario sets a price target of 500k USD.
Hitting the top of the channel signals a long-term bear market and moves the price into a comparatively moderate range, well under 100K USD. Bouncing off the top of the channel completes before speculation about the halving takes hold of sentiment in early 2020.
By the end of 2020, 1 million USD price targets are commonly issued from established financial institutions in the United States.
Good hunting

Principles

Go to http://moonmath.win for the full update and rainbow charts
Label 7-day Performance 30-day Performance 60-day Performance 90-day Performance 2017 - Present Performance 2016 - Present Performance 2015 - Present Performance 2014 - Present Performance 2013 - Present Performance 2012 - Present Performance 2011 - Present Performance July 2010 - Present Performance
Starting Price USD $11,137.24 $14,740.76 $11,180.89 $7,161.45 $997.69 $434.46 $313.92 $770.44 $13.30 $5.27 $0.30 $0.09
Compounding Daily Periodic Rate -2.92% -1.61% -0.35% 0.26% 0.56% 0.40% 0.30% 0.17% 0.35% 0.34% 0.40% 0.42%
Over $10,000.00 on Never!!! Never!!! Never!!! 2018-03-11 2018-02-17 2018-02-24 2018-03-04 2018-03-31 2018-02-26 2018-02-26 2018-02-20 2018-02-18
Over $25,190.00 on Never!!! Never!!! Never!!! 2019-02-28 2018-08-02 2018-10-13 2019-01-07 2019-10-11 2018-11-15 2018-11-29 2018-10-10 2018-09-26
Over $100,000.00 on Never!!! Never!!! Never!!! 2020-08-10 2019-04-06 2019-09-24 2020-04-13 2022-01-23 2019-12-12 2020-01-13 2019-09-20 2019-08-20
Over $1,000,000.00 on Never!!! Never!!! Never!!! 2023-01-10 2020-05-22 2021-04-22 2022-05-24 2025-11-16 2021-09-26 2021-11-29 2021-04-18 2021-02-17
submitted by jarederaj to BitcoinMarkets [link] [comments]

Your Daily Moon Math - 2017-12-14

Azop's Rainbow Charts

Moon Math Table

EDIT: Added 7 day performance as requested by benthecarman. Nice suggestion. Good suggestions will be rewarded.
Label 7-day Performance 30-day Performance 60-day Performance 90-day Performance 2017 - Present Performance 2016 - Present Performance 2015 - Present Performance 2014 - Present Performance 2013 - Present Performance 2012 - Present Performance 2011 - Present Performance July 2010 - Present Performance
From Date 2017-12-06 2017-11-13 2017-10-14 2017-09-14 2017-01-01 2016-01-01 2015-01-01 2014-01-01 2013-01-01 2012-01-01 2011-01-01 2010-07-18
Starting Price USD $13,540.98 $6,550.23 $5,739.44 $3,319.63 $997.73 $432.00 $312.00 $804.00 $12.50 $5.27 $0.30 $0.09
% Change 124% 257% 293% 506% 1685% 3891% 5387% 2091% 134467% 318944% 5602789% 18675963%
Doubling in months 0.8 0.7 1.3 1.3 2.9 4.6 6.4 11.2 5.9 6.4 5.5 5.3
Doubling Period in Days 23 23 40 40 88 140 194 341 180 194 167 160
Days in period 7 30 60 90 346 712 1077 1442 1807 2174 2539 2706
Compounding Daily Periodic Rate 3.13612% 3.19111% 1.81% 1.82% 0.8196% 0.45% 0.37% 0.21% 0.40% 0.37178% 0.43% 0.45%
Daily Periodic Rate 3.45% 5.22% 3.21% 4.51% 4.58% 1.52% 0.78% 0.32% 0.90% 0.79% 1.05% 1.13%
Annual Rate of Investment 1258% 1905% 1173% 1648% 1672% 553.3% 286.2% 115.9% 328.5% 287.5% 381.5% 414.1%
Over $20,000.00 on 2017-12-18 2017-12-17 2017-12-22 2017-12-21 2018-01-01 2018-05-02 2018-01-26 2018-03-03 2018-01-21 2018-01-25 2018-01-17 2018-01-21
Over $25,190.00 on 2017-12-25 2017-12-25 2018-01-03 2018-01-03 2018-01-29 2018-06-22 2018-03-30 2018-06-21 2018-03-20 2018-03-28 2018-03-12 2018-03-14
Over $31,620.00 on 2018-01-02 2018-01-01 2018-01-16 2018-01-15 2018-02-26 2018-08-12 2018-05-30 2018-10-06 2018-05-16 2018-05-28 2018-05-03 2018-05-03
Over $56,230.00 on 2018-01-20 2018-01-19 2018-02-17 2018-02-16 2018-05-07 2018-12-17 2018-11-01 2019-07-06 2018-10-07 2018-10-30 2018-09-14 2018-09-09
Over $79,430.00 on 2018-01-31 2018-01-30 2018-03-08 2018-03-07 2018-06-19 2019-03-04 2019-02-02 2019-12-17 2019-01-02 2019-01-31 2018-12-03 2018-11-25
Over $100,000.00 on 2018-02-07 2018-02-06 2018-03-21 2018-03-20 2018-07-17 2019-04-24 2019-04-05 2020-04-04 2019-02-28 2019-04-03 2019-01-25 2019-01-15
Over $1,000,000.00 on 2018-04-22 2018-04-19 2018-07-26 2018-07-24 2019-04-24 2020-09-17 2020-12-16 2023-03-31 2020-09-27 2020-12-12 2020-07-12 2020-06-11
nannal 's A+ on 2018-02-15 2018-02-14 2018-04-04 2018-04-03 2018-08-28 2019-05-19 2019-11-01 NEVER!!!! 2019-11-01 NEVER!!!! 2019-06-18 2019-05-20
The Nannaling 83.3% What the shit is this?
nannal 2020 91.7% Read about it
submitted by jarederaj to BitcoinMarkets [link] [comments]

Your Daily Moon Math - 2017-12-15

There's a new 7-day performance column today. That's going to fluctuate wildly. The results of that column are being included in the nannal calculations. The new column should make higher nannal percentages even harder to achieve. Today vs yesterday is a good example of that.
Yesterday the rates of the 7-day performance column were basically identical to the results of the 30-day column. Today, it's showing basically sideways movement. Why is that? The closing prices we're using today came in before the price action we're seeing, and we went sideways for a week.
This week seems to be behaving surprisingly like last week; as if last week was a test run for what we expect to see this week. I'm not sure how much stock I put in repeating weekly fractal patterns, but it has become self-evident that ilovebeans23 fucks:
https://www.reddit.com/BitcoinMarkets/comments/7jgnty/daily_discussion_wednesday_december_13_2017/dr7dcuq
I'm adding a regular blurb to the bottom of the moon math table because a number of people keep asking if they should buy bitcoin based on the Moon Math table or Azop's charts. The answer is no, you should not. You should learn to hunt. Then you should learn to avoid being hunted.
Good hunting.

Azop's Rainbow Charts

Moon Math Table

Label 7-day Performance 30-day Performance 60-day Performance 90-day Performance 2017 - Present Performance 2016 - Present Performance 2015 - Present Performance 2014 - Present Performance 2013 - Present Performance 2012 - Present Performance 2011 - Present Performance July 2010 - Present Performance
From Date 2017-12-07 2017-11-14 2017-10-15 2017-09-15 2017-01-01 2016-01-01 2015-01-01 2014-01-01 2013-01-01 2012-01-01 2011-01-01 2010-07-18
Starting Price USD $16,501.97 $6,635.41 $5,647.31 $3,774.27 $997.73 $432.00 $312.00 $804.00 $12.50 $5.27 $0.30 $0.09
% Change 1.07% 151.36% 195.34% 341.91% 1571.68% 3760.85% 5245.80% 1974.49% 133331.14% 316387.51% 5559530.67% 18532002.22%
Doubling in months 15.0 0.7 1.3 1.4 2.8 4.4 6.2 10.8 5.7 6.1 5.3 5.1
Doubling Period in Days 455 23 38 42 85 135 188 330 174 187 161 155
Days in period 7 30 60 90 347 713 1078 1443 1808 2175 2540 2707
Compounding Daily Periodic Rate 0.1525% 3.12010% 1.82% 1.66% 0.8150% 0.45% 0.37% 0.21% 0.40% 0.37126% 0.43% 0.45%
Daily Periodic Rate 0.1532% 5.05% 3.26% 3.80% 4.53% 5.27% 4.87% 1.37% 73.75% 145.47% 2188.79% 6845.96%
Annual Rate of Investment 56% 1842% 1188% 1387% 1653% 1925% 1776% 499% 26917% 53095% 798909% 2498774%
Over $20,000.00 on 2018-04-12 2017-12-19 2017-12-23 2017-12-24 2018-01-03 2018-05-02 2018-01-30 2018-03-08 2018-01-24 2018-01-28 2018-01-20 2018-01-24
Over $25,190.00 on 2018-09-10 2017-12-26 2018-01-05 2018-01-07 2018-02-01 2018-06-22 2018-04-02 2018-06-26 2018-03-23 2018-04-01 2018-03-15 2018-03-17
Over $31,620.00 on 2019-02-06 2018-01-03 2018-01-17 2018-01-20 2018-03-01 2018-08-12 2018-06-02 2018-10-12 2018-05-19 2018-06-01 2018-05-06 2018-05-06
Over $56,230.00 on 2020-02-19 2018-01-21 2018-02-18 2018-02-24 2018-05-10 2018-12-17 2018-11-05 2019-07-13 2018-10-11 2018-11-03 2018-09-17 2018-09-12
Over $79,430.00 on 2020-10-02 2018-02-01 2018-03-09 2018-03-17 2018-06-22 2019-03-04 2019-02-07 2019-12-24 2019-01-05 2019-02-04 2018-12-06 2018-11-28
Over $100,000.00 on 2021-03-02 2018-02-08 2018-03-21 2018-03-30 2018-07-20 2019-04-24 2019-04-10 2020-04-11 2019-03-04 2019-04-07 2019-01-29 2019-01-18
Over $1,000,000.00 on 2025-04-21 2018-04-23 2018-07-26 2018-08-16 2019-04-28 2020-09-17 2020-12-23 2023-04-11 2020-10-01 2020-12-17 2020-07-16 2020-06-15
nannal 's A+ on NEVER!!!! 2018-02-17 2018-04-05 2018-04-15 2018-09-01 2019-05-23 2019-11-08 NEVER!!!! 2019-11-08 NEVER!!!! 2019-06-23 2019-05-25
The Nannaling 75.0% What the shit is this?
nannal 2020 83.3% Read about it
WARNING: Using Moon Math as a forecasting method is VERY dangerous and VERY tempting. I see no reason why we should expect to see past performance continue indefinitely. Don't make conclusion based entirely on what you see on some random post on reddit. It doesn’t matter how compelling you might find this, it's one lens among many. If this isn't already obvious to you, for the love of GOD, start learning what critical thinking is.
Also, yes, a website is coming someday.
http://moonmath.win
submitted by jarederaj to BitcoinMarkets [link] [comments]

Your Daily Moon Math - 2017-12-12

Azop's Rainbow Charts

Moon Math Table

Label 30-day Performance 60-day Performance 90-day Performance 2017 - Present Performance 2016 - Present Performance 2015 - Present Performance 2014 - Present Performance 2013 - Present Performance 2012 - Present Performance 2011 - Present Performance July 2010 - Present Performance
From Date 2017-11-11 2017-10-12 2017-09-12 2017-01-01 2016-01-01 2015-01-01 2014-01-01 2013-01-01 2012-01-01 2011-01-01 2010-07-18
Starting Price USD $6,362.85 $5,325.13 $4,219.04 $997.73 $432.00 $312.00 $804.00 $12.50 $5.27 $0.30 $0.09
% Change 263% 315% 397% 1680% 3880% 5372% 2085% 134097% 318067% 5587372% 18624574%
Doubling in months 0.7 1.2 1.5 2.9 4.6 6.4 11.2 5.9 6.4 5.5 5.3
Doubling Period in Days 22 37 47 87 139 194 341 180 194 167 160
Days in period 30 60 90 344 710 1075 1440 1805 2172 2537 2704
Compounding Daily Periodic Rate 3.28151% 1.93% 1.54% 0.8235% 0.45% 0.37% 0.21% 0.40% 0.37200% 0.43% 0.45%
Daily Periodic Rate 5.45% 3.58% 3.30% 4.59% 1.52% 0.79% 0.32% 0.90% 0.79% 1.05% 1.14%
Annual Rate of Investment 1988% 1307% 1206% 1676% 555.8% 286.8% 115.9% 329.0% 287.8% 381.9% 414.5%
Over $20,000.00 on 2017-12-15 2017-12-19 2017-12-21 2017-12-31 2018-05-02 2018-01-25 2018-03-03 2018-01-20 2018-01-24 2018-01-16 2018-01-20
Over $25,190.00 on 2017-12-22 2017-12-31 2018-01-05 2018-01-28 2018-06-22 2018-03-28 2018-06-20 2018-03-19 2018-03-27 2018-03-10 2018-03-12
Over $31,620.00 on 2017-12-29 2018-01-12 2018-01-20 2018-02-24 2018-08-12 2018-05-28 2018-10-06 2018-05-15 2018-05-27 2018-05-02 2018-05-02
Over $56,230.00 on 2018-01-16 2018-02-11 2018-02-26 2018-05-05 2018-12-17 2018-10-30 2019-07-05 2018-10-06 2018-10-29 2018-09-12 2018-09-07
Over $79,430.00 on 2018-01-26 2018-03-01 2018-03-21 2018-06-16 2019-03-04 2019-02-01 2019-12-16 2018-12-31 2019-01-30 2018-12-01 2018-11-23
Over $100,000.00 on 2018-02-02 2018-03-13 2018-04-04 2018-07-14 2019-04-24 2019-04-04 2020-04-03 2019-02-27 2019-04-02 2019-01-24 2019-01-13
Over $1,000,000.00 on 2018-04-14 2018-07-10 2018-09-01 2019-04-20 2020-09-17 2020-12-14 2023-03-29 2020-09-25 2020-12-11 2020-07-10 2020-06-10
nannal 's A+ on 2018-02-10 2018-03-26 2018-04-22 2018-08-25 2019-05-17 2019-10-28 NEVER!!!! 2019-10-28 NEVER!!!! 2019-06-16 2019-05-17
The Nannaling 81.8% What the shit is this?
nannal 2020 90.9% Read about it
submitted by jarederaj to BitcoinMarkets [link] [comments]

Moon Math Update

Futures trading is happening now, I guess. What a joke.
Here's Cramer being wrong, again.
https://www.cnbc.com/video/2017/12/08/cramer-there-could-be-more-shenanigans-after-bitcoin-futures-start-trading.html
Futures markets will not "kibosh" Bitcoin volatility until there's an actual asset that's traded behind the contract. Skin isn't in the game in those markets, yet. To impact trading you need to have a mechanism that includes you in the market.
Review evandaniel 's post history for a tempered view of futures.
My view is that what we're seeing is the first best move of the establishment to fight cooperatively against what they're starting consider a real and present danger. Apparently, they're divided and uncertain about being corralled into an ideological dispute and universally unwilling to put their money where their mouth is.

Azop's Rainbow Charts

Moon Math Table

Label 30-day Performance 60-day Performance 90-day Performance 2017 - Present Performance 2016 - Present Performance 2015 - Present Performance 2014 - Present Performance 2013 - Present Performance 2012 - Present Performance 2011 - Present Performance July 2010 - Present Performance
From Date 2017-11-10 2017-10-11 2017-09-11 2017-01-01 2016-01-01 2015-01-01 2014-01-01 2013-01-01 2012-01-01 2011-01-01 2010-07-18
Starting Price USD $6,719.40 $4,819.49 $4,248.09 $997.73 $432.00 $312.00 $804.00 $12.50 $5.27 $0.30 $0.09
% Change 221% 309% 350% 1490% 3442% 4766% 1849% 118958% 282159% 4956602% 16522006%
Doubling in months 0.9 1.2 1.7 3.0 4.7 6.6 11.7 6.0 6.5 5.5 5.3
Doubling Period in Days 27 38 51 91 144 200 355 183 196 169 162
Days in period 30 60 90 343 709 1074 1439 1804 2171 2536 2703
Compounding Daily Periodic Rate 2.68315% 1.90% 1.40% 0.7908% 0.45% 0.36% 0.20% 0.39% 0.36663% 0.43% 0.45%
Daily Periodic Rate 4.04% 3.48% 2.78% 4.05% 1.42% 0.74% 0.30% 0.87% 0.77% 1.02% 1.11%
Annual Rate of Investment 1476% 1269% 1014% 1480% 518.3% 271.8% 109.6% 319.0% 280.3% 374.0% 406.5%
Over $20,000.00 on 2017-12-20 2017-12-25 2017-12-30 2018-01-15 2018-05-02 2018-02-28 2018-05-03 2018-02-19 2018-02-25 2018-02-12 2018-02-15
Over $25,190.00 on 2017-12-29 2018-01-06 2018-01-15 2018-02-13 2018-06-22 2018-05-03 2018-08-25 2018-04-19 2018-04-29 2018-04-07 2018-04-08
Over $31,620.00 on 2018-01-06 2018-01-18 2018-02-01 2018-03-14 2018-08-12 2018-07-05 2018-12-15 2018-06-16 2018-06-30 2018-05-31 2018-05-29
Over $56,230.00 on 2018-01-28 2018-02-17 2018-03-14 2018-05-25 2018-12-17 2018-12-12 2019-09-24 2018-11-09 2018-12-04 2018-10-12 2018-10-06
Over $79,430.00 on 2018-02-10 2018-03-07 2018-04-07 2018-07-08 2019-03-04 2019-03-17 2020-03-13 2019-02-05 2019-03-09 2019-01-01 2018-12-22
Over $100,000.00 on 2018-02-18 2018-03-20 2018-04-24 2018-08-06 2019-04-24 2019-05-20 2020-07-04 2019-04-05 2019-05-10 2019-02-24 2019-02-12
Over $1,000,000.00 on 2018-05-15 2018-07-19 2018-10-05 2019-05-24 2020-09-17 2021-02-17 2023-08-13 2020-11-10 2021-01-27 2020-08-16 2020-07-14
nannal 's A+ on 2018-02-28 2018-04-02 2018-05-14 2018-09-21 2019-06-20 2020-01-09 NEVER!!!! 2020-01-09 NEVER!!!! 2019-07-31 2019-06-28
The Nannaling 81.8% What the shit is this?
nannal 2020 72.7% Read about it

LocalBitcoins Volume Moon Math Table

https://coin.dance/volume/localbitcoins/ALL
Label 30-day Performance 60-day Performance 90-day Performance 2017 - Present Performance
From Date 2017-11-04 2017-10-07 2017-09-09 2016-12-31
Starting Price USD 65851670 48861006 53429749 17629542
% Change 147% 199% 182% 550%
Doubling Period in Days 65 66 109 144
Days in period 35 63 91 343
Compounding Daily Periodic Rate 1.1132% 1.0947% 0.6577% 0.4984%
Over $100,000,000 on 2017-12-13 2017-12-13 2017-12-15 2017-12-17
Over $150,000,000 on 2018-01-19 2018-01-20 2018-02-15 2018-03-08
Over $316,200,000 on 2018-03-27 2018-03-29 2018-06-09 2018-08-05
Over $1,000,000,000 on 2018-07-09 2018-07-13 2018-12-01 2019-03-25
Over $100,000,000,000 on 2019-08-29 2019-09-09 2020-11-03 2021-10-06
Over $1,000,000,000,000 on 2020-03-24 2020-04-07 2021-10-20 2023-01-12
http://moonmath.win
submitted by jarederaj to Bitcoin [link] [comments]

Your Daily Moon Math - 2017-12-18

Today's update includes the LocalBitcoins USD Volume table. Volume there has been outperforming Moon Math pretty consistently, too. It makes sense to eventually start tracking the volume of all the various exchanges using this reflective measure of performance. You can apply the aproach to many different data sources. Total Exchange volume is an obvious usecase that I haven't followed through on. LocalBitcoins illustrates a different market, though.
I made a lot of good progress on the Moon Math website this weekend. The table and layout are completely done and will automatically update. Even the price targets will automatically update.
Rainbow Charts will require a fair amount more work to get fully rendered with d3. Probably done with all of that this week or next. Getting the bands of the rainbow to adjust autmatically based on the data that's passed in will probably prove difficult. Other than that we're getting close to an initial release in December.
Fuck spreadsheets, BTW. The Moon Math table renders instantly with Python. Excel almost chokes before it spits it out.

Azop's Rainbow Charts

Rainbow charts show the current price. Normally I wouldn't do that.

Moon Math Table

Label 7-day Performance 30-day Performance 60-day Performance 90-day Performance 2017 - Present Performance 2016 - Present Performance 2015 - Present Performance 2014 - Present Performance 2013 - Present Performance 2012 - Present Performance 2011 - Present Performance July 2010 - Present Performance
From Date 2017-12-10 2017-11-17 2017-10-18 2017-09-18 2017-01-01 2016-01-01 2015-01-01 2014-01-01 2013-01-01 2012-01-01 2011-01-01 2010-07-18
Starting Price USD $14,869.81 $7,786.88 $5,546.18 $4,093.32 $997.73 $432.00 $312.00 $804.00 $12.50 $5.27 $0.30 $0.09
% Change 29.72% 147.72% 247.80% 371.25% 1833.37% 4365.23% 6082.62% 2299.23% 154218.28% 365930.08% 6429828.33% 21432994.44%
Doubling in months 0.6 0.8 1.1 1.3 2.7 4.3 6.0 10.4 5.6 6.0 5.2 5.0
Doubling Period in Days 19 23 33 40 82 131 182 315 171 184 159 153
Days in period 7 30 60 90 350 716 1081 1446 1811 2178 2543 2710
Compounding Daily Periodic Rate 3.7877% 3.06996% 2.10% 1.74% 0.8498% 0.45% 0.38% 0.22% 0.41% 0.37745% 0.44% 0.45%
Daily Periodic Rate 4.2464% 4.92% 4.13% 4.13% 5.24% 6.10% 5.63% 1.59% 85.16% 168.01% 2528.44% 7908.85%
Annual Rate of Investment 1550% 1797% 1507% 1506% 1912% 2225% 2054% 580% 31082% 61324% 922881% 2886732%
Over $20,000.00 on 2017-12-17 2017-12-17 2017-12-18 2017-12-18 2017-12-19 2018-05-02 2017-12-24 2017-12-31 2017-12-22 2017-12-23 2017-12-20 2017-12-25
Over $25,190.00 on 2017-12-23 2017-12-25 2017-12-29 2017-12-31 2018-01-15 2018-06-22 2018-02-22 2018-04-15 2018-02-17 2018-02-22 2018-02-11 2018-02-14
Over $31,620.00 on 2017-12-29 2018-01-01 2018-01-08 2018-01-13 2018-02-11 2018-08-12 2018-04-23 2018-07-28 2018-04-13 2018-04-23 2018-04-04 2018-04-06
Over $56,230.00 on 2018-01-14 2018-01-20 2018-02-05 2018-02-15 2018-04-20 2018-12-17 2018-09-20 2019-04-15 2018-09-02 2018-09-23 2018-08-14 2018-08-11
Over $79,430.00 on 2018-01-23 2018-01-31 2018-02-21 2018-03-07 2018-05-31 2019-03-04 2018-12-20 2019-09-19 2018-11-26 2018-12-23 2018-11-01 2018-10-26
Over $100,000.00 on 2018-01-29 2018-02-08 2018-03-04 2018-03-20 2018-06-27 2019-04-24 2019-02-18 2020-01-02 2019-01-22 2019-02-22 2018-12-24 2018-12-16
Over $1,000,000.00 on 2018-03-31 2018-04-24 2018-06-22 2018-07-31 2019-03-25 2020-09-17 2020-10-12 2022-11-14 2020-08-11 2020-10-24 2020-06-04 2020-05-07
nannal 's A+ on 2018-02-05 2018-02-16 2018-03-17 2018-04-05 2018-08-05 2019-04-15 2019-08-27 NEVER!!!! 2019-08-27 NEVER!!!! 2019-05-05 2019-04-10
The Nannaling 83.3% What the shit is this?
nannal 2020 91.7% Read about it

LocalBitcoins USD Volume Moon Math Table

Label 30-day Performance 60-day Performance 90-day Performance 2017 - Present Performance
From Date 2017-11-11 2017-10-14 2017-09-16 2016-12-31
Starting Price USD 61916013 53883223 71864547 17629542
% Change 163% 187% 140% 572%
Doubling Period in Days 51 72 193 144
Days in period 35 63 91 350
Compounding Daily Periodic Rate 1.4017% 0.9989% 0.3723% 0.4994%
Over $150,000,000 on 2018-01-15 2018-01-27 2018-04-04 2018-03-07
Over $316,200,000 on 2018-03-10 2018-04-12 2018-10-21 2018-08-04
Over $1,000,000,000 on 2018-05-31 2018-08-05 2019-08-27 2019-03-23
Over $100,000,000,000 on 2019-04-27 2019-11-12 2023-01-17 2021-10-03
Over $1,000,000,000,000 on 2019-10-10 2020-06-30 2024-09-28 2023-01-08
submitted by jarederaj to BitcoinMarkets [link] [comments]

Your Daily Moon Math - 2017-12-08

Lots of changes today:

Azop's Rainbow Charts

Moon Math Table

Label 30-day Performance 60-day Performance 90-day Performance 2017 - Present Performance 2016 - Present Performance 2015 - Present Performance 2014 - Present Performance 2013 - Present Performance 2012 - Present Performance 2011 - Present Performance July 2010 - Present Performance
From Date 2017-11-07 2017-10-08 2017-09-08 2017-01-01 2016-01-01 2015-01-01 2014-01-01 2013-01-01 2012-01-01 2011-01-01 2010-07-18
Starting Price USD $7,092.13 $4,602.28 $4,310.75 $997.73 $432.00 $312.00 $804.00 $12.50 $5.27 $0.30 $0.09
% Change 233% 359% 383% 1654% 3820% 5289% 2052% 132016% 313130% 5500657% 18335524%
Doubling in months 0.8 1.1 1.6 2.9 4.6 6.4 11.2 5.9 6.4 5.5 5.3
Doubling Period in Days 25 33 48 87 139 194 342 180 194 167 160
Days in period 30 60 90 340 706 1071 1436 1801 2168 2533 2700
Compounding Daily Periodic Rate 2.85498% 2.15% 1.50% 0.8286% 0.45% 0.37% 0.21% 0.40% 0.37196% 0.43% 0.45%
Daily Periodic Rate 4.42% 4.31% 3.14% 4.57% 1.53% 0.79% 0.32% 0.90% 0.79% 1.05% 1.14%
Annual Rate of Investment 1614% 1573% 1147% 1668% 557.5% 286.7% 115.6% 329.0% 287.7% 382.0% 414.7%
Over $20,000.00 on 2017-12-13 2017-12-15 2017-12-19 2017-12-28 2018-05-02 2018-01-25 2018-03-06 2018-01-20 2018-01-24 2018-01-16 2018-01-19
Over $25,190.00 on 2017-12-21 2017-12-26 2018-01-03 2018-01-25 2018-06-22 2018-03-28 2018-06-24 2018-03-19 2018-03-27 2018-03-10 2018-03-12
Over $31,620.00 on 2017-12-29 2018-01-05 2018-01-18 2018-02-22 2018-08-12 2018-05-29 2018-10-10 2018-05-15 2018-05-27 2018-05-02 2018-05-01
Over $56,230.00 on 2018-01-18 2018-02-01 2018-02-25 2018-05-02 2018-12-17 2018-10-31 2019-07-10 2018-10-06 2018-10-29 2018-09-12 2018-09-07
Over $79,430.00 on 2018-01-30 2018-02-17 2018-03-20 2018-06-13 2019-03-04 2019-02-01 2019-12-21 2018-12-31 2019-01-30 2018-12-01 2018-11-23
Over $100,000.00 on 2018-02-07 2018-02-28 2018-04-05 2018-07-11 2019-04-24 2019-04-04 2020-04-08 2019-02-27 2019-04-02 2019-01-23 2019-01-13
Over $1,000,000.00 on 2018-04-29 2018-06-15 2018-09-05 2019-04-14 2020-09-17 2020-12-14 2023-04-06 2020-09-25 2020-12-11 2020-07-09 2020-06-09
nannal 's A+ on 2018-02-16 2018-03-11 2018-04-22 2018-08-20 2019-05-15 2019-10-28 NEVER!!!! 2019-10-28 NEVER!!!! 2019-06-14 2019-05-16
The Nannaling 81.8% What the shit is this?
nannal 2020 90.9% Read about it
submitted by jarederaj to BitcoinMarkets [link] [comments]

Console gaming is hardly different from PC gaming, and much of what people say about PC gaming to put it above console gaming is often wrong.

I’m not sure about you, but for the past few years, I’ve been hearing people go on and on about PCs "superiority" to the console market. People cite various reasons why they believe gaming on a PC is “objectively” better than console gaming, often for reasons related to power, costs, ease-of-use, and freedom.
…Only problem: much of what they say is wrong.
There are many misconceptions being thrown about PC gaming vs Console gaming, that I believe need to be addressed. This isn’t about “PC gamers being wrong,” or “consoles being the best,” absolutely not. I just want to cut through some of the stuff people use to put down console gaming, and show that console gaming is incredibly similar to PC gaming. I mean, yes, this is someone who mainly games on console, but I also am getting a new PC that I will game on as well, not to mention the 30 PC games I already own and play. I’m not particularly partial to one over the other.
Now I will mainly be focusing on the PlayStation side of the consoles, because I know it best, but much of what I say will apply to Xbox as well. Just because I don’t point out many specific Xbox examples, doesn’t mean that they aren’t out there.

“PCs can use TVs and monitors.”

This one isn’t so much of a misconception as it is the implication of one, and overall just… confusing. This is in some articles and the pcmasterrace “why choose a PC” section, where they’re practically implying that consoles can’t do this. I mean, yes, as long as the ports of your PC match up with your screen(s) inputs, you could plug a PC into either… but you could do the same with a console, again, as long as the ports match up.
I’m guessing the idea here is that gaming monitors often use Displayport, as do most dedicated GPUs, and consoles are generally restricted to HDMI… But even so, monitors often have HDMI ports. In fact, PC Magazine has just released their list of the best gaming monitors of 2017, and every single one of them has an HDMI port. A PS4 can be plugged into these just as easily as a GTX 1080.
I mean, even if the monitoTV doesn’t have HDMI or AV to connect with your console, just use an adaptor. If you have a PC with ports that doesn’t match your monitoTV… use an adapter. I don’t know what the point of this argument is, but it’s made a worrying amount of times.

“On PC, you have a wide range of controller options, but on console you’re stuck with the standard controller."

Are you on PlayStation and wish you could use a specific type of controller that suits your favorite kind of gameplay? Despite what some may believe, you have just as many options as PC.
Want to play fighting games with a classic arcade-style board, featuring the buttons and joystick? Here you go!
Want to get serious about racing and get something more accurate and immersive than a controller? Got you covered.
Absolutely crazy about flying games and, like the racers, want something better than a controller? Enjoy!
Want Wii-style motion controls? Been around since the PS3. If you prefer the form factor of the Xbox One controller but you own a PS4, Hori’s got you covered. And of course, if keyboard and mouse it what keeps you on PC, there’s a PlayStation compatible solution for that. Want to use the keyboard and mouse that you already own? Where there’s a will, there’s a way.
Of course, these aren’t isolated examples, there are plenty of options for each of these kind of controllers. You don’t have to be on PC to enjoy alternate controllers.

“On PC you could use Steam Link to play anywhere in your house and share games with others.”

PS4 Remote play app on PC/Mac, PSTV, and PS Vita.
PS Family Sharing.
Using the same PSN account on multiple PS4s/Xbox Ones and PS3s/360s, or using multiple accounts on the same console.
In fact, if multiple users are on the same PS4, only one has to buy the game for both users to play it on that one PS4. On top of that, only one of them has to have PS Plus for both to play online (if the one with PS Plus registers the PS4 as their main system).
PS4 Share Play; if two people on separate PS4s want to play a game together that only one of them owns, they can join a Party and the owner of the game can have their friend play with them in the game.
Need I say more?

“Gaming is more expensive on console.”

Part one, the Software
This is one that I find… genuinely surprising. There’s been a few times I’ve mentioned that part of the reason I chose a PS4 is for budget gaming, only to told that “games are cheaper on Steam.” To be fair, there are a few games on PSN/XBL that are more expensive than they are on Steam, so I can see how someone could believe this… but apparently they forgot about disks.
Dirt Rally, a hardcore racing sim game that’s… still $60 on all 3 platforms digitally… even though its successor is out.
So does this mean you have to pay full retail for this racing experience? Nope, because disk prices.
Just Cause 3, an insane open-world experience that could essentially be summed up as “break stuff, screw physics.” And it’s a good example of where the Steam price is lower than PSN and XBL:
Not by much, but still cheaper on Steam, so cheaper on PC… Until you look at the disk prices.
See my point? Often times the game is cheaper on console because of the disk alternative that’s available for practically every console-available game. Even when the game is brand new.
Dirt 4 - Remember that Dirt Rally successor I mentioned?
Yes, you could either buy this relatively new game digitally for $60, or just pick up the disk for a discounted price. And again, this is for a game that came out 2 months ago, and even it’s predecessor’s digital cost is locked at $60. Of course, I’m not going to ignore the fact that Dirt 4 is currently (as of writing this) discounted on Steam, but on PSN it also happens to be discounted for about the same amount.
Part 2: the Subscription
Now… let’s not ignore the elephant in the room: PS Plus and Xbox Gold. Now these would be ignorable, if they weren’t required for online play (on the PlayStation side, it’s only required for PS4, but still). So yes, it’s still something that will be included in the cost of your PS4 or Xbox One/360, assuming you play online. Bummer, right?
Here’s the thing, although that’s the case, although you have to factor in this $60 cost with your console, you can make it balance out, at worst, and make it work out for you as a budget gamer, at best. As nice as it would be to not have to deal with the price if you don’t want to, it’s not like it’s a problem if you use it correctly.
Imagine going to a new restaurant. This restaurant has some meals that you can’t get anywhere else, and fair prices compared to competitors. Only problem: you have to pay a membership fee to have the sides. Now you can have the main course, sit down and enjoy your steak or pasta, but if you want to have a side to have a full meal, you have to pay an annual fee.
Sounds shitty, right? But here’s the thing: not only does this membership allow you to have sides with your meal, but it also allows you to eat two meals for free every month, and also gives you exclusive discounts for other meals, drinks, and desserts.
Let’s look at PS Plus for a minute: for $60 per year, you get:
  • 2 free PS4 games, every month
  • 2 free PS3 games, every month
  • 1 PS4/PS3 and Vita compatible game, and 1 Vita-only game, every month
  • Exclusive/Extended discounts, especially during the weekly/seasonal sales (though you don’t need PS Plus to get sales, PS Plus members get to enjoy the best sales)
  • access to online multiplayer
So yes, you’re paying extra because of that membership, but what you get with that deal pays for it and then some. In fact, let’s ignore the discounts for a minute: you get 24 free PS4 games, 24 free PS3 games, and 12 Vita only + 12 Vita compatible games, up to 72 free games every year. Even if you only one of these consoles, that’s still 24 free games a year. Sure, maybe you get games for the month that you don’t like, then just wait until next month.
In fact, let’s look at Just Cause 3 again. It was free for PS Plus members in August, which is a pretty big deal. Why is this significant? Because it’s, again, a $60 digital game. That means with this one download, you’ve balanced out your $60 annual fee. Meaning? Every free game after that is money saved, every discount after that is money saved. And this is a trend: every year, PS Plus will release a game that balances out the entire service cost, then another 23 more that will only add icing to that budget cake. Though, you could just count games as paying off PS Plus until you hit $60 in savings, but still.
All in all, PS Plus, and Xbox Gold which offers similar options, saves you money. On top of that, again, you don't need to have these to get discounts, but with these memberships, you get more discounts.
Now, I’ve seen a few Steam games go up for free for a week, but what about being free for an entire month? Not to mention that; even if you want to talk about Steam Summer Sales, what about the PSN summer sale, or again, disc sale discounts? Now a lot of research and math would be needed to see if every console gamer would save money compared to every Steam gamer for the same games, but at the very least? The costs will balance out, at worst.
Part 3, the Systems
  • Xbox and PS2: $299
  • Xbox 360 and PS3: $299 and $499, respectively
  • Xbox One and PS4: $499 and $399, respectively.
Rounded up a few dollars, that’s $1,000 - $1,300 in day-one consoles, just to keep up with the games! Crazy right? So called budget systems, such a rip-off.
Well, keep in mind that the generations here aren’t short.
The 6th generation, from the launch of the PS2 to the launch of the next generation consoles, lasted 5 years, 6 years based on the launch of the PS3 (though you could say it was 9 or 14, since the Xbox wasn’t discontinued until 2009, and the PS2 was supported all the way to 2014, a year after the PS4 was released). The 7th gen lasted 7 - 8 years, again depending on whether you count the launch of the Xbox 360 to PS3. The 8th gen so far has lasted 4 years. That’s 17 years that the console money is spread over. If you had a Netflix subscription for it’s original $8 monthly plan for that amount of time, that would be over $1,600 total.
And let’s be fair here, just like you could upgrade your PC hardware whenever you wanted, you didn’t have to get a console from launch. Let’s look at PlayStation again for example: In 2002, only two years after its release, the PS2 retail price was cut from $300 to $200. The PS3 Slim, released 3 years after the original, was $300, $100-$200 lower than the retail cost. The PS4? You could’ve either gotten the Uncharted bundle for $350, or one of the PS4 Slim bundles for $250. This all brings it down to $750 - $850, which again, is spread over a decade and a half. This isn’t even counting used consoles, sales, or the further price cuts that I didn’t mention.
Even if that still sounds like a lot of money to you, even if you’re laughing at the thought of buying new systems every several years, because your PC “is never obsolete,” tell me: how many parts have you changed out in your PC over the years? How many GPUs have you been through? CPUs? Motherboards? RAM sticks, monitors, keyboards, mice, CPU coolers, hard drives— that adds up. You don’t need to replace your entire system to spend a lot of money on hardware.
Even if you weren’t upgrading for the sake of upgrading, I’d be amazed if the hardware you’ve been pushing by gaming would last for about 1/3 of that 17 year period. Computer parts aren’t designed to last forever, and really won’t when you’re pushing them with intensive gaming for hours upon hours. Generally speaking, your components might last you 6-8 years, if you’ve got the high-end stuff. But let’s assume you bought a system 17 years ago that was a beast for it’s time, something so powerful, that even if it’s parts have degraded over time, it’s still going strong. Problem is: you will have to upgrade something eventually.
Even if you’ve managed to get this far into the gaming realm with the same 17 year old hardware, I’m betting you didn’t do it with a 17 year Operating System. How much did Windows 7 cost you? Or 8.1? Or 10? Oh, and don’t think you can skirt the cost by getting a pre-built system, the cost of Windows is embedded into the cost of the machine (why else would Microsoft allow their OS to go on so many machines).
Sure, Windows 10 was a free upgrade for a year, but that’s only half of it’s lifetime— You can’t get it for free now, and not for the past year. On top of that, the free period was an upgrade; you had to pay for 7 or 8 first anyway.
Point is, as much as one would like to say that they didn’t need to buy a new system every so often for the sake of gaming, that doesn’t mean they haven’t been paying for hardware, and even if they’ve only been PC gaming recently, you’ll be spending money on hardware soon enough.

“PC is leading the VR—“

Let me stop you right there.
If you add together the total number of Oculus Rifts and HTC Vives sold to this day, and threw in another 100,000 just for the sake of it, that number would still be under the number of PSVR headsets sold.
Why could this possibly be? Well, for a simple reason: affordability. The systems needed to run the PC headsets costs $800+, and the headsets are $500 - $600, when discounted. PSVR on the other hand costs $450 for the full bundle (headset, camera, and move controllers, with a demo disc thrown in), and can be played on either a $250 - $300 console, or a $400 console, the latter recommended. Even if you want to say that the Vive and Rift are more refined, a full PSVR set, system and all, could cost just over $100 more than a Vive headset alone.
If anything, PC isn’t leading the VR gaming market, the PS4 is. It’s the system bringing VR to the most consumers, showing them what the future of gaming could look like. Not to mention that as the PlayStation line grows more powerful (4.2 TFLOP PS4 Pro, 10 TFLOP “PS5…”), it won’t be long until the PlayStation line can use the same VR games as PC.
Either way, this shows that there is a console equivalent to the PC VR options. Sure, there are some games you'd only be able to play on PC, but there are also some games you'd only be able to play on PSVR.
…Though to be fair, if we’re talking about VR in general, these headsets don’t even hold a candle to, surprisingly, Gear VR.

“If it wasn’t for consoles holding devs back, then they would be able to make higher quality games.”

This one is based on the idea that because of how “low spec” consoles are, that when a developer has to take them in mind, then they can’t design the game to be nearly as good as it would be otherwise. I mean, have you ever seen the minimum specs for games on Steam?
GTA V
  • CPU: Intel Core 2 Quad CPU Q6600 @ 2.40GHz (4 CPUs) / AMD Phenom 9850 Quad-Core Processor (4 CPUs) @ 2.5GHz
  • Memory: 4 GB RAM
  • GPU: NVIDIA 9800 GT 1GB / AMD HD 4870 1GB (DX 10, 10.1, 11)
Just Cause 3
  • CPU: Intel Core i5-2500k, 3.3GHz / AMD Phenom II X6 1075T 3GHz
  • Memory: 8 GB RAM
  • GPU: NVIDIA GeForce GTX 670 (2GB) / AMD Radeon HD 7870 (2GB)
Fallout 4
  • CPU: Intel Core i5-2300 2.8 GHz/AMD Phenom II X4 945 3.0 GHz or equivalent
  • Memory: 8 GB RAM
  • GPU: NVIDIA GTX 550 Ti 2GB/AMD Radeon HD 7870 2GB or equivalent
Overwatch
  • CPU: Intel Core i3 or AMD Phenom™ X3 8650
  • Memory: 4 GB RAM
  • GPU: NVIDIA® GeForce® GTX 460, ATI Radeon™ HD 4850, or Intel® HD Graphics 4400
Witcher 3
  • Processor: Intel CPU Core i5-2500K 3.3GHz / AMD CPU Phenom II X4 940
  • Memory: 6 GB RAM
  • Graphics: Nvidia GPU GeForce GTX 660 / AMD GPU Radeon HD 7870
Actually, bump up all the memory requirements to 8 GBs, and those are some decent specs, relatively speaking. And keep in mind these are the minimum specs to even open the games. It’s almost as if the devs didn’t worry about console specs when making a PC version of the game, because this version of the game isn’t on console. Or maybe even that the consoles aren’t holding the games back that much because they’re not that weak. Just a hypothesis.
But I mean, the devs are still ooobviously having to take weak consoles into mind right? They could make their games sooo much more powerful if they were PC only, right? Right?
No. Not even close.
iRacing
  • CPU: Intel Core i3, i5, i7 or better or AMD Bulldozer or better
  • Memory: 8 GB RAM
  • GPU: NVidia GeForce 2xx series or better, 1GB+ dedicated video memory / AMD 5xxx series or better, 1GB+ dedicated video memory
Playerunknown’s Battlegrounds
  • CPU: Intel Core i3-4340 / AMD FX-6300
  • Memory: 6 GB RAM
  • GPU: nVidia GeForce GTX 660 2GB / AMD Radeon HD 7850 2GB
These are PC only games. That’s right, no consoles to hold them back, they don’t have to worry about whether an Xbox One could handle it. Yet, they don’t require anything more than the Multiplatform games.
Subnautica
  • CPU: Intel Haswell 2 cores / 4 threads @ 2.5Ghz or equivalent
  • Memory: 4GB
  • GPU: Intel HD 4600 or equivalent - This includes most GPUs scoring greater than 950pts in the 3DMark Fire Strike benchmark
Rust
  • CPU: 2 ghz
  • Memory: 8 GB RAM
  • DirectX: Version 11 (they don’t even list a GPU)
So what’s the deal? Theoretically, if developers don’t have to worry about console specs, then why aren’t they going all-out and making games that no console could even dream of supporting?
Low-end PCs.
What, did you think people only game on Steam if they spent at least $500 on gaming hardware? Not all PC gamers have gaming-PC specs, and if devs close their games out to players who don’t have the strongest of PCs, then they’d be losing out on a pretty sizable chunk of their potential buyers.
Saying “devs having to deal with consoles is holding gaming back” is like saying “racing teams having to deal with Ford is holding GT racing back.” A: racing teams don’t have to deal with Ford if they don’t want to, which is probably why many of them don’t, and B: even though Ford doesn’t make the fastest cars overall, they still manage to make cars that are awesome on their own, they don’t even need to be compared to anything else to know that they make good cars.
I want to go back to that previous point though, developers having to deal with low-end PCs, because it’s integral to the next point:

“PCs are more powerful, gaming on PC provides a better experience.”

This one isn’t so much of a misconception as it is… misleading.
Did you know that according to the Steam Hardware & Software Survey (July 2017) , the percentage of Steam gamers who use a GPU that's less powerful than that of a PS4 Slim’s GPU is well over 50%? Things get dismal when compared to the PS4 Pro (Or Xbox One X). On top of that, the percentage of PC gamers who own a Nvidia 10 series card is about 20% (about 15% for the 1060, 1080 and 1070 owners).
Now to be fair, the large majority of gamers have CPUs with considerably high clock speeds, which is the main factor in CPU gaming performance. But, the number of Steam gamers with as much RAM or more than a PS4 or Xbox One is less than 50%, which can really bottleneck what those CPUs can handle.
These numbers are hardly better than they were in 2013, all things considered. Sure, a PS3/360 weeps in the face of even a $400 PC, but in this day in age, consoles have definitely caught up.
Sure, we could mention the fact that even 1% of Steam accounts represents over 1 million accounts, but that doesn’t really matter compared to the 10s of millions of 8th gen consoles sold; looking at it that way, sure the number of Nvidia 10 series owners is over 20 million, but that ignores the fact that there are over 5 times more 8th gen consoles sold than that.
Basically, even though PCs run on a spectrum, saying they're more powerful “on average” is actually wrong. Sure, they have the potential for being more powerful, but most of the time, people aren’t willing to pay the premium to reach those extra bits of performance.
Now why is this important? What matters are the people who spent the premium cost for premium parts, right? Because of the previous point: PCs don’t have some ubiquitous quality over the consoles, developers will always have to keep low-end PCs in mind, because not even half of all PC players can afford the good stuff, and you have to look at the top quarter of Steam players before you get to PS4-Pro-level specs. If every Steam player were to get a PS4 Pro, it would be an upgrade for over 60% of them, and 70% of them would be getting an upgrade with the Xbox One X.
Sure, you could still make the argument that when you pay more for PC parts, you get a better experience than you could with a console. We can argue all day about budget PCs, but a console can’t match up to a $1,000 PC build. It’s the same as paying more for car parts, in the end you get a better car. However, there is a certain problem with that…

“You pay a little more for a PC, you get much more quality.”

The idea here is that the more you pay for PC parts, the performance increases at a faster rate than the price does. Problem: that’s not how technology works. Paying twice as much doesn’t get you twice the quality the majority of the time.
For example, let’s look at graphics cards, specifically the GeForce 10 series cards, starting with the GTX 1050.
  • 1.8 TFLOP
  • 1.35 GHz base clock
  • 2 GB VRAM
  • $110
This is our reference, our basis of comparison. Any percentages will be based on the 1050’s specs.
Now let’s look at the GTX 1050 Ti, the 1050’s older brother.
  • 2.1 TFLOP
  • 1.29 GHz base clock
  • 4 GB VRAM
  • $140 retail
This is pretty good. You only increase the price by about 27%, and you get an 11% increase in floating point speed and a 100% increase (double) in VRAM. Sure you get a slightly lower base clock, but the rest definitely makes up for it. In fact, according to GPU boss, the Ti managed 66 fps, or a 22% increase in frame rate for Battlefield 4, and a 54% increase in mHash/second in bitcoin mining. The cost increase is worth it, for the most part.
But let’s get to the real meat of it; what happens when we double our budget? Surely we should see a massive increase performance, I bet some of you are willing to bet that twice the cost means more than twice the performance.
The closest price comparison for double the cost is the GTX 1060 (3 GB), so let’s get a look at that.
  • 3.0 TFLOP
  • 1.5 GHz base clock
  • 3 GB VRAM
  • $200 retail
Well… not substantial, I’d say. About a 50% increase in floating point speed, an 11% increase in base clock speed, and a 1GB decrease in VRAM. For [almost] doubling the price, you don’t get much.
Well surely raw specs don’t tell the full story, right? Well, let’s look at some real wold comparisons. Once again, according to GPU Boss, there’s a 138% increase in hashes/second for bitcoin mining, and at 99 fps, an 83% frame rate increase in Battlefield 4. Well, then, raw specs does not tell the whole story!
Here’s another one, the 1060’s big brother… or, well, slightly-more-developed twin.
  • 3.9 TFLOP
  • 1.5 GHz base clock
  • 6 GB VRAM
  • $250 retail
Seems reasonable, another $50 for a decent jump in power and double the memory! But, as we’ve learned, we shouldn’t look at the specs for the full story.
I did do a GPU Boss comparison, but for the BF4 frame rate, I had to look at Tom’s Hardware (sorry miners, GPU boss didn’t cover the mHash/sec spec either). What’s the verdict? Well, pretty good, I’d say. With 97 FPS, a 79% increase over the 1050— wait. 97? That seems too low… I mean, the 3GB version got 99.
Well, let’s see what Tech Power Up has to say...
94.3 fps. 74% increase. Huh.
Alright alright, maybe that was just a dud. We can gloss over that I guess. Ok, one more, but let’s go for the big fish: the GTX 1080.
  • 9.0 TFLOP
  • 1.6 GHz base clock
  • 8 GB VRAM
  • $500 retail
That jump in floating point speed definitely has to be something, and 4 times the VRAM? Sure it’s 5 times the price, but as we saw, raw power doesn’t always tell the full story. GPU Boss returns to give us the run down, how do these cards compare in the real world?
Well… a 222% (over three-fold) increase in mHash speed, and a 218% increase in FPS for Battlefield 4. That’s right, for 5 times the cost, you get 3 times the performance. Truly, the raw specs don’t tell the full story.
You increase the cost by 27%, you increase frame rate in our example game by 22%. You increase the cost by 83%, you increase the frame rate by 83%. Sounds good, but if you increase the cost by 129%, and you get a 79% (-50% cost/power increase) increase in frame rate. You increase it by 358%, and you increase the frame rate by 218% (-140% cost/power increase). That’s not paying “more for much more power,” that’s a steep drop-off after the third cheapest option.
In fact, did you know that you have to get to the 1060 (6GB) before you could compare the GTX line to a PS4 Pro? Not to mention that at $250, the price of a 1060 (6GB) you could get an entire PS4 Slim bundle, or that you have to get to the 1070 before you beat the Xbox One X.
On another note, let’s look at a PS4 Slim…
  • 1.84 TFLOP
  • 800 MHz base clock
  • 8 GB VRAM
  • $300 retail
…Versus a PS4 Pro.
  • 4.2 TFLOP
  • 911 MHz base clock
  • 8 GB VRAM
  • $400 retail
128% increase in floating point speed, 13% increase in clock speed, for a 25% difference in cost. Unfortunately there is no Battlefield 4 comparison to make, but in BF1, the frame rate is doubled (30 fps to 60) and the textures are taken to 11. For what that looks like, I’ll leave it up to this bloke. Not to even mention that you can even get the texture buffs in 4K. Just like how you get a decent increase in performance based on price for the lower-cost GPUs, the same applies here.
It’s even worse when you look at the CPU for a gaming PC. The more money you spend, again, the less of a benefit you get per dollar. Hardware Unboxed covers this in a video comparing different levels of Intel CPUs. One thing to note is that the highest i7 option (6700K) in this video was almost always within 10 FPS (though for a few games, 15 FPS) of a certain CPU in that list for just about all of the games.
…That CPU was the lowest i3 (6100) option. The lowest i3 was $117 and the highest i7 was $339, a 189% price difference for what was, on average, a 30% or less difference in frame rate. Even the lowest Pentium option (G4400, $63) was often able to keep up with the i7.
The CPU and GPU are usually the most expensive and power-consuming parts of a build, which is why I focused on them (other than the fact that they’re the two most important parts of a gaming PC, outside of RAM). With both, this “pay more to get much more performance” idea is pretty much the inverse of the truth.

“The console giants are bad for game developers, Steam doesn't treat developers as bad as Microsoft or especially Sony.”

Now one thing you might’ve heard is that the PS3 was incredibly difficult for developers to make games for, which for some, fueled the idea that console hardware is difficult too develop on compared to PC… but this ignores a very basic idea that we’ve already touched on: if the devs don’t want to make the game compatible with a system, they don’t have to. In fact, this is why Left 4 Dead and other Valve games aren’t on PS3, because they didn’t want to work with it’s hardware, calling it “too complex.” This didn’t stop the game from selling well over 10 million units worldwide. If anything, this was a problem for the PS3, not the dev team.
This also ignores that games like LittleBigPlanet, Grand Theft Auto IV, and Metal Gear Solid 4 all came out in the same year as Left 4 Dead (2008) on PS3. Apparently, plenty of other dev teams didn’t have much of a problem with the PS3’s hardware, or at the very least, they got used to it soon enough.
On top of that, when developing the 8th gen consoles, both Sony and Microsoft sought to use CPUs that were easier for developers, which included making decisions that considered apps for the consoles’ usage for more than gaming. On top of that, using their single-chip proprietary CPUs is cheaper and more energy efficient than buying pre-made CPUs and boards, which is far better of a reason for using them than some conspiracy about Sony and MS trying to make devs' lives harder.
Now, console exclusives are apparently a point of contention: it’s often said that exclusive can cause developers to go bankrupt. However, exclusivity doesn’t have to be a bad thing for the developer. For example, when Media Molecule had to pitch their game to a publisher (Sony, coincidentally), they didn’t end up being tied into something detrimental to them.
Their initial funding lasted for 6 months. From then, Sony offered additional funding, in exchange for Console Exclusivity. This may sound concerning to some, but the game ended up going on to sell almost 6 million units worldwide and launched Media Molecule into the gaming limelight. Sony later bought the development studio, but 1: this was in 2010, two years after LittleBigPlanet’s release, and 2: Media Molecule seem pretty happy about it to this day. If anything, signing up with Sony was one of the best things they could’ve done, in their opinion.
Does this sound like a company that has it out for developers? There are plenty of examples that people will use to put Valve in a good light, but even Sony is comparatively good to developers.

“There are more PC gamers.”

The total number of active PC gamers on Steam has surpassed 120 million, which is impressive, especially considering that this number is double that of 2013’s figure (65 million). But the number of monthly active users on Xbox Live and PSN? About 120 million (1, 2) total. EDIT: You could argue that this isn't an apples-to-apples comparison, sure, so if you want to, say, compare the monthly number of Steam users to console? Steam has about half of what consoles do, at 67 million.
Now, back to the 65 million total user figure for Steam, the best I could find for reference for PlayStation's number was an article giving the number of registered PSN accounts in 2013, 150 million. In a similar 4-year period (2009 - 2013), the number of registered PSN accounts didn’t double, it sextupled, or increased by 6 fold. Considering how the PS4 is already at 2/3 of the number of sales the PS3 had, even though it’s currently 3 years younger than its predecessor, I’m sure this trend is at least generally consistent.
For example, let’s look at DOOM 2016, an awesome faced-paced shooting title with graphics galore… Of course, on a single platform, it sold best on PC/Steam. 2.36 million Steam sales, 2.05 million PS4 sales, 1.01 million Xbox One sales.
But keep in mind… when you add the consoles sales together, you get over 3 million sales on the 8th gen systems. Meaning: this game was best sold on console. In fact, the Steam sales have only recently surpassed the PS4 sales. By the way VG charts only shows sales for physical copies of the games, so the number of PS4 and Xbox sales, when digital sales are included, are even higher than 3 million.
This isn’t uncommon, by the way.
Even with the games were the PC sales are higher than either of the consoles, there generally are more console sales total. But, to be fair, this isn’t anything new. The number of PC gamers hasn’t dominated the market, the percentages have always been about this much. PC can end up being the largest single platform for games, but consoles usually sell more copies total.
EDIT: There were other examples but... Reddit has a 40,000-character limit.

"Modding is only on PC."

Xbox One is already working on it, and Bethesda is helping with that.
PS4 isn't far behind either. You could argue that these are what would be the beta stages of modding, but that just means modding on consoles will only grow.

What’s the Point?

This isn’t to say that there’s anything wrong with PC gaming, and this isn’t to exalt consoles. I’m not here to be the hipster defending the little guy, nor to be the one to try to put down someone/thing out of spite. This is about showing that PCs and consoles are overall pretty similar because there isn’t much dividing them, and that there isn’t anything wrong with being a console gamer. There isn’t some chasm separating consoles and PCs, at the end of the day they’re both computers that are (generally) designed for gaming. This about unity as gamers, to try to show that there shouldn’t be a massive divide just because of the computer system you game on. I want gamers to be in an environment where specs don't separate us; whether you got a $250 PS4 Slim or just built a $2,500 gaming PC, we’re here to game and should be able to have healthy interactions regardless of your platform.
I’m well aware that this isn’t going to fix… much, but this needs to be said: there isn’t a huge divide between the PC and consoles, they’re far more similar than people think. There are upsides and downsides that one has that the other doesn’t on both sides. There’s so much more I could touch on, like how you could use SSDs or 3.5 inch hard drives with both, or that even though PC part prices go down over time, so do consoles, but I just wanted to touch on the main points people try to use to needlessly separate the two kinds of systems (looking at you PCMR) and correct them, to get the point across.
I thank anyone who takes the time to read all of this, and especially anyone who doesn’t take what I say out of context. I also want to note that, again, this isn’tanti-PC gamer.” If it were up to me, everyone would be a hybrid gamer.
Cheers.
submitted by WhyyyCantWeBeFriends to unpopularopinion [link] [comments]

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