Crypto Currencies Start Learning

[Pitcher]

XRP/USD

The bulls attempted to start a relief rally on Sep. 10 but could not sustain above $0.245, which shows that demand dries up at higher levels. As a result, XRP has again dipped back to the $0.235688 support.

XRP/USD daily chart. Source: TradingView

If the bears sink the XRP/USD pair below $0.229582, the next leg of the down move is likely to begin. The next support on the downside is the $0.19–$0.20 zone. 

The downsloping 20-day EMA ($0.257) and the RSI in the negative territory suggest that bears are in command.

However, if the pair rebounds off the current levels and rises above $0.250, it can move up to the 20-day EMA and above it to $0.268478. A break above this level will suggest that the bulls are back in the game.

[Pitcher]

Here is today’s charts on XRP

 

https://m.youtube.com/watch?v=9pKAXEmbGJo&t=3s

[Pitcher]

I think this will be big for Kraken and expect others like Binance and Coinbase to follow.  This will facilitate the emergence of marketing to the masses which the crypto world desperately needs imo.  To make Crypto work and not just be a Speculative Casino you need utility, regulations, big companies to accept it, and the masses to buy the new System.  We have 3 of those 4 now.  All we need is liquidity and it will come when we go to the New Financial System.  People will be able to buy and exchange their Cryptos at the new Crypto Banks.  Wow.  The last 2 days News has been very exciting.  ETH, XRM, BTC will be the big winners imo but that will probably change with time as new projects emerge.  

 

The Crypto World is moving extremely fast just like the Tech bubble in the late 90’s.  I originally bought these coins as a hedge but I am now starting to realize this will be what saves the Economy.   I am a Bull and a Long Term Investor.  Expect big swings as the volatility will be dizzying.  From my posts on the Stock Market you know I do not own one stock long at this time.  I have been waiting patiently for the right entry for me and have been instead Day Trading the Market.  ( it works for me, it’s not for 99% of people on this site).  I am trading my BTC but the other 5 Cryptos I own I am a Long investor.  When the masses catch on we will have liquidity and the top coins should go. Imo.

Always do your own DD and always filter in on any Long Term investment.

 

https://www.coindesk.com/kraken-crypto-exchange-secures-bank-charter-under-wyoming-law

 

 

https://www.coindesk.com/kraken-crypto-exchange-secures-bank-charter-under-wyoming-law

[Pitcher]

Just now, Pitcher said:

I think this will be big for Kraken and expect others like Binance and Coinbase to follow.  This will facilitate the emergence of marketing to the masses which the crypto world desperately needs imo.  To make Crypto work and not just be a Speculative Casino you need utility, regulations, big companies to accept it, and the masses to buy the new System.  We have 3 of those 4 now.  All we need is liquidity and it will come when we go to the New Financial System.  People will be able to buy and exchange their Cryptos at the new Crypto Banks.  Wow.  The last 2 days News has been very exciting.  ETH, XRM, BTC will be the big winners imo but that will probably change with time as new projects emerge.  

 

The Crypto World is moving extremely fast just like the Tech bubble in the late 90’s.  I originally bought these coins as a hedge but I am now starting to realize this will be what saves the Economy.   I am a Bull and a Long Term Investor.  Expect big swings as the volatility will be dizzying.  From my posts on the Stock Market you know I do not own one stock long at this time.  I have been waiting patiently for the right entry for me and have been instead Day Trading the Market.  ( it works for me, it’s not for 99% of people on this site).  I am trading my BTC but the other 5 Cryptos I own I am a Long investor.  When the masses catch on we will have liquidity and the top coins should go. Imo.

Always do your own DD and always filter in on any Long Term investment.

 

https://www.coindesk.com/kraken-crypto-exchange-secures-bank-charter-under-wyoming-law

 

 

 

 

[Pitcher]

I apologize.  I was not able to edit my mistakes on the last post

 

it should read XRP not XRM

 

[Pitcher]

 

[Floridian]

Brad Kimes

 

Brad Kimes and Digital Asset Investor are undoubtedly being paid by Unstoppable Domains for pushing their audiences to buy .crypto domain names.  Kimes has announced, many times, some of the .crypto domain names he’s bought.  Most, if not all, of them are trademarked names.  His audience has responded by posting all the trademarked .crypto domain names they’ve bought also.

 

On September 16th he advised his audience to BUY - 

“ANY KIND OF BRAND NAME, COMPANY NAMES, that you’re able to attain in a dot crypto”.

 

Listen from 1:15 minutes to 2:34

 

https://www.youtube.com/watch?v=nHds4ZSkImg&t=154s

 

After that video, he was advised of this:   "Trademark holders with proof of ownership can apply to claim ownership of any trademarked names.” (In other words, they can take the trademarked domain name from you.)

 

He said this on his video the following day "I wanted to let people know that I try to stay away from what I feel might be trademark infringement, like if somebody owns the trademark, and I try to think a little more outside the box…..”

 

This announcement was AFTER he and his listeners spent a fortune buying trademarked names, due to his lack of knowledge.

 

Listen from 0.30 minutes to 1:25

 

https://www.youtube.com/watch?v=Ty1z-hhGY9E

 

Brad Kimes is not too bright!

[Pitcher]

Thank you Floridian.  A lot of the youtubers have sponsors and they are always peddling something.  I like watching the vids but only for general info and a way to pick up ideas to do more in-depth research.  

 

It’s good advice and I appreciate you bringing your thoughts to this thread.  

[Pitcher]

This vid is interesting.  If you go to the interview around the 12 min mark the fellow states that the next wave of the Internet is upon us.  The first wave was the Internet of Information and the next wave is where things of value are put into a Digitalized or tokenized Form.  We are talking about financial, insurance, law, gaming, basically EVERYTHING!!!  Folks we are in the first inning of this Crypto deal. This is so fascinating to me.  What a great opportunity for those that can grasp it.  It’s not going to be given to you.  It requires work, study, learning.  Start, start tonight!!!

 

  It seems to me XRP will be a winner in this next wave but as always do your own DD.  

 

 

[Gypsygirl11]

Thank you for bringing your knowledge Pitcher. Keep it coming darling

[Pitcher]

This is a good idea of how XRP will be used in the future.  Pretty telling imo.  

 

 

 

Digital Assets Daily on Twitter: "One theory of a few. David said, an XRP backed stable coin. So back XRP with gold, use as needed. Back XLM with XRP. Payments Canada already labels XLM a stable coin. XLM stable coin already designed & in use similar to XRP. Escrow is locked up to borrow against with stable coin. https://t.co/EfokOeooG4" / Twitter

[Pitcher]

 

[Pitcher]

 

 

[Pitcher]

YouTube is littered with people who are eager to tells us who the top 10 Cryptos are and which ones we should consider buying.  I watch them to get ideas and then I go to their web pages and Twitter to see if I should consider buying them.   I’m going to share this vid so you can start your own research. I happen to agree with a number of his picks as they seem to offer a true utility and should grow as Crypto Currencies become discovered by the masses.  Don’t ever buy a project based on some fellow on you tube who put out a vid.  These people have agendas but they also have some good general information.  Always do your own DD.  

 

 

[Pitcher]

https://cointelegraph.com/news/not-your-keys-not-kucoin-s-red-flags-ignored
 

Not your keys, not KuCoin's: Red flags ignored

A dizzying lack of transparency as the crypto exchange is hacked and $150m in customer funds goes missing

1 hour ago

Back in April of 2020, Cointelegraph took a close look at the KuCoin cryptocurrency exchange. Investigating the apparent lock of the primary domain name, which was a result of a legal case under the jurisdiction of the High Court of Singapore, we concluded that:

In the absence of clarity from any of the individuals mentioned in this article, or from the company itself, users of the KuCoin cryptocurrency exchange will likely want answers on whether they are sending their money to Singapore, the Seychelles, China — or anywhere else in the world.

Now $150 million is missing from KuCoin in what has been described by the exchange as a "security incident", and while the directors of the exchange refused to answer our questions five months ago (and implied that our accurately-sourced reporting was untrue), perhaps their customers will hold them to account this time.

Lack of clarity

In March 2020 KuCoin was facing the possibility of a class action lawsuit focused on potentially "false and/or misleading statements to account holders". In another suit, Chase Williams v. KuCoin, filed in the Southern District of New York, the exchange was alleged to have engaged in an unlicensed securities offering. In addition to KuCoin, the latter suit named three individuals connected with KuCoin: Michael Gan, Johnny Lyu, and Eric Don. 

A few days before these legal woes began to surface, KuCoin announced a corporate restructuring which included reassigning the company's trademark from one Seychelles-registered entity to another, and appointing a new director whose affiliation with the exchange had previously been unclear.

If the opacity of the ownership is concerning, there's another perennial question that raises flags in virulent shades of crimson. Where is KuCoin, anyway? Chase Williams suggests that it began as a Seychelles business with headquarters in Hong Kong, before moving to Singapore, and that the three named directors in its suit are believed to reside there. But like many cryptocurrency exchanges, the actual location of its office (if it has one) and staff is unclear.

Missing funds, knowledge gaps

There's an old maxim in cryptocurrency. Or at least, as old as the industry itself. "Not your keys, not your coins." It simply means that when your funds are held by a third party, you don't control them.

Despite countless warnings about the perils of leaving funds on exchanges, crypto traders continue to trust that the security of exchanges (and the integrity of their staff) is sufficient to prevent the loss of their tokens. Despite countless warnings, they are wrong.

Whether it be a hack, a social engineering attack, or a plain old-fashioned exit scam, the allure of free money is too hard for criminals to resist. The bank robber Willie Sutton concisely (if apocryphally) explained "I rob banks, because that's where the money is." And exchanges will continue to represent an attractive target so long as crypto holders continue to leave their money lying around in hot wallets. 

Insurance fund

Johnny Lyu of KuCoin has insisted that customers should "Please rest assured that if any user fund is affected by this incident, it will be covered completely by KuCoin and our insurance fund." And as the misappropriated funds begin to move to other exchanges, evidence is beginning to appear that all may not be lost. Paolo Ardoino of Bitfinex noted via a tweetthat his exchange has frozen $13 million in USDT for instance, and this type of inter-exchange collaboration may help to deter thieves in the future.

Of course, I'm hoping that KuCoin has the resources in its insurance fund to cover losses of this magnitude. Johnny Lyu seems to think so: "Yes, it’s enough. Starting from early 2018, we have established the insurance fund to deal with unexpected security issues such as this." Perhaps the exchange will publish a wallet address to prove that such a fund exists, and that it will pay out against all valid claims. Then again, the principals couldn't be clear with us on such basics as their location, their corporate structure, the legal status of their domain name — so maybe this level of transparency would be a stretch.

But there's a simple fix that almost anyone can perform, a fix that ensures your funds cannot be stolen in an exchange hack. It's a fix so easy, so obvious, that the owners of around $150 million of cryptocurrency are right now kicking themselves for not performing it.

Don't keep your crypto on an exchange if you aren't using the service.

Not your keys, not your coins.

[Pitcher]

This is a solid vid on off line Crypto Wallets.  If you own Crypto and have it on your exchange I suggest you look into getting a Nano or any of the ones below.  As the article above shows, leaving your Crypto hot on an exchange leave you open to a possible hack.

 

 

[Pitcher]

A lot of people new to Cryptos ask me about Stablecoins.  This guy does a good job of describing them and gives you the top 5.  I use USDC.  

 

 

[Floridian]

1 hour ago, Pitcher said:

This is a solid vid on off line Crypto Wallets.  If you own Crypto and have it on your exchange I suggest you look into getting a Nano or any of the ones below.  As the article above shows, leaving your Crypto hot on an exchange leave you open to a possible hack.

 

 

 

Pitcher, listen from 8:30 to 8:44.  Is he saying that ledger Nano S is not good to use with iPhone?  I'm understanding that you need a ledger Nano X (not S) if you want to use it with mobile device.  I'm asking for my son, who wants to buy one.  He's just getting started and buys crypto on his phone. 

 

Also, thanks for posting all these great videos.  😊

 

[Pitcher]

I have a lot of my Crypto stored on my Nano S and for my IPhone I have the X.  I am a little leery of the Bluetooth being a port of entry for hackers but I have it. I don’t have a huge amount on my phone though.   I bought the combo pack from ledger.com. for about 150. You get both the S&X.  They are also on Amazon for the same price. I went thru ledger because I read some of the ax’s were tampered with.  I’m sure it is a minor deal but I went to ledger and had zero problems

 

I’m no expert on this but I do read and I am invested.  I’m stumbling my way through this new world. Maybe CL or NEPats would be a better source of information on the wallets.  

[Pitcher]

X’s not ax’s

[umbertino]

1 minute ago, Pitcher said:

I have a lot of my Crypto stored on my Nano S and for my IPhone I have the X.  I am a little leery of the Bluetooth being a port of entry for hackers but I have it. I don’t have a huge amount on my phone though.   I bought the combo pack from ledger crypto wallet" rel="external nofollow">ledger.com. for about 150. You get both the S&X.  They are also on Amazon for the same price. I went thru ledger crypto wallet" rel="external nofollow">ledger because I read some of the ax’s were tampered with.  I’m sure it is a minor deal but I went to ledger crypto wallet" rel="external nofollow">ledger and had zero problems

 

I’m no expert on this but I do read and I am invested.  I’m stumbling my way through this new world. Maybe CL or NEPats would be a better source of information on the wallets.  

 

 

Interesting material...Thanks as usual, Pitcher..

 

Have a great Saturday afternoon /  night and a fantastic Sunday

[Pitcher]

Thank you Umbertino.  It’s a beautiful weekend in Texas and I’m thoroughly enjoying It.  Hope yours is going well too.  

[Floridian]

1 hour ago, Pitcher said:

I have a lot of my Crypto stored on my Nano S and for my IPhone I have the X.  I am a little leery of the Bluetooth being a port of entry for hackers but I have it. I don’t have a huge amount on my phone though.   I bought the combo pack from ledger crypto wallet" rel="external nofollow">ledger.com. for about 150. You get both the S&X.  They are also on Amazon for the same price. I went thru ledger crypto wallet" rel="external nofollow">ledger because I read some of the ax’s were tampered with.  I’m sure it is a minor deal but I went to ledger crypto wallet" rel="external nofollow">ledger and had zero problems

 

I’m no expert on this but I do read and I am invested.  I’m stumbling my way through this new world. Maybe CL or NEPats would be a better source of information on the wallets.  

 

Okay, thanks Pitcher.  😊

[Shelley]

4 minutes ago, Pitcher said:

Thank you Umbertino.  It’s a beautiful weekend in Texas and I’m thoroughly enjoying It.  Hope yours is going well too.  

Hey Pitcher in Texas myself right now and I’m so happy the weather has gotten better here , it was ugly when I arrived on Tuesday 

[Pitcher]

1 hour ago, Shelley said:

Hey Pitcher in Texas myself right now and I’m so happy the weather has gotten better here , it was ugly when I arrived on Tuesday 

 

Yes, the early week was a little rainy from the tropical storm.   This is our best time of the year.  Oct-April.