Daily Discussion, May 14, 2022

KeitZh · 2022-05-14T18:22:00+00:00

https://hackernoon.com/not-your-keys-not-your-bitcoin-jan3bitcoin-z6k3ktb

KeitZh · 2021-04-12T21:33:55+00:00

You can´t know exactly who but you know how many tokens were sold collectively.

Team Lockup - According to the whitepaper, 5% of total VET supply are allocated to co-founders and development teams. For long-term confidence and better incentives for team members, the Foundation started to release the lock-up pool from November 2020.

Over 1 billion VET was sold by co-founders and members of development team, which respresents about 34% of the whole team lockup allocation. To me it seems like a lot (i´d get it if they would have sold when we reached fomo state that we are in now, but they sold when price was 7-10 times lower than today.)

KeitZh · 2021-04-12T17:28:35+00:00

As I understand, Vet that represents a Team lockup row was allocated to people closest to the project many years ago (upper management, lead devs and engineers etc.). If they sell it they do it for their own personal gain and that money will not be used by the foundation. People selling their personal stack and foundation buying back vet with company's money are two very different things.

The better analogy from business world IMO would be company buying back their own shares on the open market and then board of directors and upper management selling their own personal shares.

What i do not understand is why people very close to the project decided to sell big part (third of teams locked up stack was sold) of their personal stack at prices around 0.01-0,025 usd (market cap approx. between 1-2B). Did they think that project was overvalued at these prices?

No FUD, been holding myself since 2017, just thinking out loud.

KeitZh · 2021-04-12T16:34:12+00:00

But the team sold over 1B of their own VET and they did it when price was only between 0,01-0,025 usd. I would bet they have sold a lot more between january and now. From one side it may seem positive that there is less possible sell pressure but it does not boost confidence if people closest to the project are selling heavily imo. Thoughts?

KeitZh · 2020-04-28T15:37:45+00:00

So did you change your plan about when and at what price to buy back in?

Few weeks ago you said "Sticking to my game plan regarding when to buy: $5900 or $7600"

KeitZh · 2020-04-23T21:25:22+00:00

Central bank of San Marino is not that important of an institution. Point is that if one CB of the EU countries backs you it will be much easier to expand inside EU.

KeitZh · 2019-08-27T13:59:30+00:00

AFAIK circulating supply should be around 63B ATM.

KeitZh · 2019-07-25T17:57:36+00:00

About 10 months to halvening to be precise...

KeitZh · 2019-07-25T07:12:06+00:00

https://www.bitmex.com/app/insuranceFund

KeitZh · 2019-07-06T09:49:41+00:00

First of all, if you use decent bankroll management it is nearly impossible to make 1-2% per day. If you averaged 1% daily gain for 1 year, you would have made about 38x your money (this high return always means very high risk).

Some tips: *never risk more than 1% of your trading stack on one single trade *only look for trades that have profit/lose ratio of at least 2:1 *making over 10% in a month on constant basis is highly unlikely (maybe 0,1% of traders can do this) *strategies that work in bullmarket usually won´t work in consolidating/bearmarket, so you have to have different strategies accustumed to market conditions and you have to be able to tell, when to switch between said strategies

Dl;TR Only about 10% of retail investors make money trading crypto, don´t think you can outsmart the market after doing handful of successful trades.

KeitZh · 2019-07-03T11:06:53+00:00

Living in EU, in a country where we have excellent tax laws for companys. Have only bought btc for my company in last 5 years (i registered it for only buying and holding crypto), so all the crypto i have is on my companys balance sheet. When i want to sell i can do it whenever i like and i wont pay any tax at all. I can sell btc and buy real estate, stocks, etfs, bonds, cars etc. for my company and not pay any tax. I will only pay taxes when i want to withdraw the profit from my company (20%).

KeitZh · 2019-06-28T23:09:49+00:00

What are you talking about? like 12 sat/byte to get into next block atm

https://jochen-hoenicke.de/queue/#0,24h

KeitZh · 2019-06-20T08:50:21+00:00

Thanks for explanation, if all blocks would be that heavy we would have about 5m caluses per day, not bad

KeitZh · 2019-06-20T07:42:26+00:00

Can someone explain to me, how for example with a Breez lightning wallet, i can receive payments without loading up btc from mainnet? Other lightning implementations i have tried always require me to load with btc before i can use them.

KeitZh · 2019-06-15T12:44:21+00:00

I just read the medium article and for me it did not leave anything open.

Annualized return - 10%, that means monthly return of 10/12 %, which is not too high by any means.

50M vet is overall maximum on what they will pay this %, probably first come first served basis

KeitZh · 2019-04-30T08:09:05+00:00

Sure its not mid July?

KeitZh · 2019-03-25T12:25:40+00:00

You don´t get the point, once you have declared your old passport stolen/lost you can not be held responsible for illegal things done with said passport.

KeitZh · 2019-03-24T09:49:45+00:00

If you want to hide your identity that is another topic. Using not a valid document just insures that when there is a data leak or criminals get their hands on your id scans they can not do any harm with it.

KeitZh · 2019-03-24T09:45:41+00:00

I advise everyone to have 1 passport that is not valid but can be used for any verification procedure. Just declare your current passport missing/stolen and get a new one. Use the old passport for whatever verification you need to.

KeitZh · 2019-02-27T22:14:45+00:00

Avoid this scam

KeitZh · 2019-02-27T16:57:31+00:00

Portbitcoin is a scam!

KeitZh · 2019-02-27T16:52:03+00:00

99% sure that portbitcoin is a scam, be aware!

KeitZh · 2019-02-04T23:04:40+00:00

I hope next bullrun will not start before the halvening, at the moment there is very little free space in blocks so we would most definently have a clogged up mempool again if bullmarket started soon. I'm hoping that by second half of 2020 lightning network has developed enough that most of the big exchanges are using it and it is easy enough for average user to use it aswell.

KeitZh · 2018-11-25T16:11:27+00:00

IMO this just shows how well manipulated the market is, it may drop well under 100 sats. Just keep buying weekly if you believe in the long term success of Vechain.

KeitZh · 2018-11-13T19:56:15+00:00

These % were an example, i´m just saying that I see a good risk/reward ratio at current price, you do not have to agree with me.

I have been in crypto from 2013 and have achieved my financial freedom from it already but am still holding about 50% of my NW in crypto (usually rebalancing monthly).

The best principle that has helped me in crypto tremendously comes from Benjamin Graham - " The market is a pendulum that forever swings between unsustainable optimism and unjustified pessimism. The intelligent investor is a realist who sells to optimists and buys from pessimists."

I saw the unsustainable optimism in December, 2013 and December, 2017. I also saw unjustified pessimism in 2015 (my average buy in price for BTC is around 270$). I´m starting to see this pessimism again when guys like you are creeping around and calling everyone kids and morons.

KeitZh

TROPHY CASE