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MadMarketScientist

Off Topic and Moderation

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Although I can't recall any of these personal attacks you speak of, I certainly hope MMS deleted those as well. Actually, now that I think about it, offering to spend many hours of my time helping any TL member for free while vowing to NEVER ask nor accept any payment from any member at any time for anything was pretty mean-spirited and hateful.

 

I apologize, onesmith. That was obviously a very evil offer as anyone can tell and I should have shown more maturity. Just my deep seated meanness I guess...thanks for pointing it out.

 

:offtopic::hijacked::ban::wtf:

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I think we've come to a conclusion on this topic ... thanks everyone for your input.

 

I'm glad we are all in agreement that personal attacks and insults leads nowhere and will be moderated immediately. In addition, vendor advertisements will also be moderated immediately.

 

thx

MMS

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* * *personal attacks and insults leads nowhere and will be moderated immediately. In addition, vendor advertisements will also be moderated immediately.

* * *

 

Isn't this the status quo? MMS, have you worked in government by any chance? :D

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Isn't this the status quo? MMS, have you worked in government by any chance? :D

 

Funny! :)

 

And I forgot, off-topic posts will be moderated more closely and will be moved into its own thread, if I get requests to do so.

 

Just so everyone knows, the thread that prompted this discussion was the TA Debunked thread that got WAY off topic.

 

MMS

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Funny! :)

 

And I forgot, off-topic posts will be moderated more closely and will be moved into its own thread, if I get requests to do so.

 

Just so everyone knows, the thread that prompted this discussion was the TA Debunked thread that got WAY off topic.

 

MMS

 

LOL - that was probably one of the more way off topics (in all tangents by all persons), however IMHO it was reasonably tame, polite and cordial.

Doesn't that tell you that the topic was a non event?

 

If moderation is going to involve trying to take off topic discussions into the area of deleting off topic posts - as clearly the topic held little interest - then I hope that TL still remains a place for free and open discussion.....to me off topic is not necessarily a deviation from the thread title - its more about the nature of the posts being personal.....so for my :2c:,

(as clearly this is ok :) as its on topic)

 

you moth...r f...king censors should learn to watch out for all the lies, lies, lies and when i catch you i am going to come around and napalm the compost heap your ideas come from....have a nice day.

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Isn't this the status quo? MMS, have you worked in government by any chance? :D

 

Be careful......that could be construed as an "insult"...

 

hmmmm lets see....I haven't "attacked" anyone in a few minutes....and I seem to have misplaced my list of pre-written death threats....

 

Well no time to look for them now, I have to get back to my "illegal activities"..

Edited by steve46

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Funny! :)

 

And I forgot, off-topic posts will be moderated more closely and will be moved into its own thread, if I get requests to do so.

 

Just so everyone knows, the thread that prompted this discussion was the TA Debunked thread that got WAY off topic.

 

MMS

 

And the last person to post on "TA Debunked" was BluehorseShoe.

Its his fault.:haha:

regards

bobc

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LOL - that was probably one of the more way off topics (in all tangents by all persons), however IMHO it was reasonably tame, polite and cordial.

Doesn't that tell you that the topic was a non event?

 

If moderation is going to involve trying to take off topic discussions into the area of deleting off topic posts - as clearly the topic held little interest - then I hope that TL still remains a place for free and open discussion.....to me off topic is not necessarily a deviation from the thread title - its more about the nature of the posts being personal.....so for my :2c:,

(as clearly this is ok :) as its on topic)

 

...

 

 

 

Agree with Siuya 100% on the above.

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MMS,

 

Thank you for the opportunity to discuss this.

 

For me, I think the site is great. The reason why I think the site is great is because you have people on the site who I will refer to as teachers. This is a VERY small (1-2%) minority of the people on the site, but make up the reason why I come to the site. The majority of the rest of the people, including myself, are what could be identified as students. There are people who frequent and post on the site who are successful traders, but are not successful at teaching, and only a small select group (IMO) qualify as this role type.

 

So, what does this all have to do with your original question?

 

It is my belief that anything that fosters an environment to entice the 'teachers' to continue posting is a great thing, and anything that creates an environment where the these 'teachers' post less and less, or not at all is a bad thing. And, will ultimately cause many of the students, such as myself, not to frequent the site.

 

Unlike an academic institution, where a hierarchy and code of conduct exists between the students and the faculty, an online forum places everyone at the same level. In many cases, from an educational perspective, this is not conducive to learning, and is not very efficient.

 

I have noticed that some of the 'teachers' on this site are no longer posting. I would be very curious to determine why that is. If I were running the site, I would try to figure out why this is, as I would want to create an environment where they would continue to post. I do not know if it was or was not related to the sometimes constant probing/prodding of the students, but it may have been, and it would be good to know.

 

I for one favor a more hierarchical approach to my educational experience (and this is the reason why I am on this site, to educate myself - and when an appropriate opportunity arrives that I can educate others on the topic of interest). As such, I would be appreciative of an approach to moderating that 1) keep the 'teachers' on this site teaching, and 2) not allowing the site to even remotely begin to rival the likes of ET or others that have regressed by letting the students run off the teachers.

 

Thank you for your site, it is much appreciated.

 

Scott

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As an educator, I have a lot to share with this group and believe me I tried. I generously offered to give free and extensive personal training to any TL member in exchange for their honest evaluation of me and the degree to which I was able to help them. I specifically stated that I would NOT accept any payment from anyone here for any reason. This was to set aside any suspicion that my motives were anything but a legitimate desire to help others here at TL.

 

Hi Roger,

 

I would be happy to take you up on this kind offer, although your tuition would have to be provided in a form that was conveniently digestible for me (ie. not through live trading rooms). I would then provide an honest evaluation of your tuition, and publish it on TL if you wished for me to do so.

 

If this sounds an agreeable arrangement then please PM me.

 

Thanks,

 

BlueHorseshoe

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Just so everyone knows, the thread that prompted this discussion was the TA Debunked thread that got WAY off topic.

 

MMS

 

Ah . . . that was my fault, wasn't it? And yet . . .

 

It was for me one of the more beneficial and engaging interactions I've had on TL recently. I learned that tax avoidance is a far less simple affair than I imagined - trying to dodge the taxman and getting caught would surely cost me far more than any trading decision I am likely to make - if this tangent had been moderated away I would be worse off for it. And it was all pretty civil, wasn't it?

 

I think one factor you might consider is whether the thread starter has any grievance or is desperately trying to pull a thread back on topic. In the case of the above, as I recall, the thread starter never revisited the thread after their initial post, suggesting they had no ongoing interest in how discussion developed thereafter.

 

Another thing that you might consider is allowing an off-topic thread to run until the discussion burns itself out, and then deleting it. Some things are good at the time, for those who're involved, but will be of no interest at all to others in the future.

 

I come here for 'in the moment' discussion; I don't come here to produce monolithic documents for posterity. You could delete every single historic post on the site, and I'd still be back tomorrow . . .

 

BlueHorseshoe

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MMS,

 

Thank you for the opportunity to discuss this.

 

For me, I think the site is great. The reason why I think the site is great is because you have people on the site who I will refer to as teachers. This is a VERY small (1-2%) minority of the people on the site, but make up the reason why I come to the site. The majority of the rest of the people, including myself, are what could be identified as students. There are people who frequent and post on the site who are successful traders, but are not successful at teaching, and only a small select group (IMO) qualify as this role type.

 

So, what does this all have to do with your original question?

 

It is my belief that anything that fosters an environment to entice the 'teachers' to continue posting is a great thing, and anything that creates an environment where the these 'teachers' post less and less, or not at all is a bad thing. And, will ultimately cause many of the students, such as myself, not to frequent the site.

 

Unlike an academic institution, where a hierarchy and code of conduct exists between the students and the faculty, an online forum places everyone at the same level. In many cases, from an educational perspective, this is not conducive to learning, and is not very efficient.

 

I have noticed that some of the 'teachers' on this site are no longer posting. I would be very curious to determine why that is. If I were running the site, I would try to figure out why this is, as I would want to create an environment where they would continue to post. I do not know if it was or was not related to the sometimes constant probing/prodding of the students, but it may have been, and it would be good to know.

 

I for one favor a more hierarchical approach to my educational experience (and this is the reason why I am on this site, to educate myself - and when an appropriate opportunity arrives that I can educate others on the topic of interest). As such, I would be appreciative of an approach to moderating that 1) keep the 'teachers' on this site teaching, and 2) not allowing the site to even remotely begin to rival the likes of ET or others that have regressed by letting the students run off the teachers.

 

Thank you for your site, it is much appreciated.

 

Scott

 

Great post, Scott. You hit on a point that is more vital for further discussion than most members here may realize. I don't know anything of these other teachers that you speak of. Why they have left, or are leaving, might have something to do with how they were received. A good trading forum can only survive if there exists the ability to learn. The learning comes from unselfish teachers with no agenda other than to help because they can.

 

I hope others will pick up on this discussion. I personally think it deserves a whole new thread. It's that important.

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MMS,

 

if you review the instances of name calling, etc it is generally when a vendor is questioned about a claim and resorts to attempting to defame the person asking the question to diverge attention from the original question so that he doesn't have to answer it. The likely response for the poster is to respond defensively or in kind. So now all a vendor has to do is to begin name calling to diverge attention from the facts and the series of posts will be deleted.

 

TL then becomes a site that favors vendors who have nothing of real substance to offer who can be prey upon unsuspecting members.

 

This thread which is supposed to be about off topic and moderation is riddled with the constant advertising by the Roger guy and they do not get deleted. How in God's name are his advertizements a part of this friggin discussion? Why do you allow those posts and delete other posts, like mine, that address facets of the off topic discussions?

 

So, if I made a comment to roger about his incessant promotion on this very thread which he does under your nose since he has manipulated you into protecting him, he will whine to you and you will delete my post even though it is a post that others likely agree with and share a similar sentiment. This is BS!

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The reason I've pressed on with my Libel complaint is throughout our lives stuff happens that stays in our present and keeps us in the past (unless it's resolved). The libel is real and it's bad so I wanted closure, something that could enable me to experience the present and know bad things don't happen because they have consequences.

 

bob said don't let hatred or ill feelings eat me up. I totally get that. I have compassion for everyone. Any of you .. if you're ever in need of something and I can help I will. I've experienced negative emotions. I don't enjoy them so I choose my state. I don't have negative feelings toward anyone.

 

This has been beautiful, learning new things. Whatever closure I need will have to come through some other experience further along my path. Wish I understood why closure is so important to me in this situation. It goes something like, people do bad things. People aren't bad. Bad things still happen. The part about bad things still happen is where I'm needy. Deep inside I need to know with a higher level of certainty than some of you that people who do bad things pay the consequences. I hope it's unnecessary to argue there's no ill will in that last sentence. Just truth.

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Onesmith,

 

The problem may be that you really don't understand human nature. You seem to be idealizing people and expecting people to be good. Expecting that if you are nice then reciprocity will occur. And thinking that when you think that you're nice then other people will think you are too.

 

It ain't true. And it ain't true that you have to resolve shit. You have to get over it. Personally I want to come through the internet and kick you until you stop being such a .....

 

If you release your self-deception then you may let go of this libel stuff.

 

1% of people are psychopaths - they will hurt you for pleasure or gain without issue.

2% of people don't play the reciprocity game.

 

Those are both rough stats and imo Steve46 isn't in either of those categories but there are people who are. So accept reality and move on.

 

Enjoy the good and avoid the bad when practical.

Learn from negatives and get over everything asap.

 

 

But don't forget to take pleasure where you can, even it it's just the joy of poking a stick at a snake oil merchant. :2c:

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MMS,

 

if you review the instances of name calling, etc it is generally when a vendor is questioned about a claim and resorts to attempting to defame the person asking the question to diverge attention from the original question so that he doesn't have to answer it. The likely response for the poster is to respond defensively or in kind. So now all a vendor has to do is to begin name calling to diverge attention from the facts and the series of posts will be deleted.

 

TL then becomes a site that favors vendors who have nothing of real substance to offer who can be prey upon unsuspecting members.

 

This thread which is supposed to be about off topic and moderation is riddled with the constant advertising by the Roger guy and they do not get deleted. How in God's name are his advertizements a part of this friggin discussion? Why do you allow those posts and delete other posts, like mine, that address facets of the off topic discussions?

 

So, if I made a comment to roger about his incessant promotion on this very thread which he does under your nose since he has manipulated you into protecting him, he will whine to you and you will delete my post even though it is a post that others likely agree with and share a similar sentiment. This is BS!

 

MM, with all due respect, would you please explain how you merely "questioned" a "claim" that I had made and were responded to with name calling? It didn't happen that way and you know it. It was only after a bombardment of rude disrespectful comments by you and the others that I had to resort to defending myself and start stating the facts.

 

Otherwise, these nasty comments go forever on the Internet thru search engines and that's all people would see. It stinks, for sure, but the comments were so vile and untrue that it forced me to respond. If we can't agree on what actually occured here, then nothing will ever be accomplished. Go re-read the posts and refresh your memory of who cast the first stone.

 

This is what I believe MMS is trying to stop. Viscious, rude, unfounded attacks born out of ignorance and hatred. Let's all agree that this should stop now. I'm not asking you to like me, just stop with the "prey on others" comments. What is wrong with allowing other TL members giving me the benefit of a doubt and allow me to prove to them I have something of value to offer?...especially since there is zero chance that they could be taken advantage of in any way.

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* * * Just this evening here in this thread I turned down a TL member who wanted to become a tuition paying student. * * *

 

No one in this thread offered to become your "tuition paying student." LOL

 

Either you are a complete nincompoop or you are such a hardcore vendor that when someone says "tuition" you hear the loud sound of a cash register in your brain that overwhelms your ability to reason.

 

People who don't hear the KA-CHING! can see by the context that the person obviously meant "instruction, training, tutelage, etc." IOW, he was accepting your offer to provide such services that you keep dangling to the membership here like you would a carrot in front of a mule.

 

In any case, once again you have misstated facts to fit your narrative. Regardless, I give you credit for being a character.

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if you review the instances of name calling, etc it is generally when a vendor is questioned about a claim and resorts to attempting to defame the person asking the question to diverge attention from the original question so that he doesn't have to answer it. The likely response for the poster is to respond defensively or in kind. So now all a vendor has to do is to begin name calling to diverge attention from the facts and the series of posts will be deleted!

 

That is not true, I only delete posts where insults are being thrown around. If someone questions a vendor (without insults) and he doesn't respond appropriately (or not at all), the original question stays and the whole world will see the vendor doesn't like to answer questions. Further, when possible, I try to edit the posts to just remove the insults but to keep the intent of the post intact. This takes a lot of my time!

 

TL then becomes a site that favors vendors who have nothing of real substance to offer who can be prey upon unsuspecting members.

 

This thread which is supposed to be about off topic and moderation is riddled with the constant advertising by the Roger guy and they do not get deleted. How in God's name are his advertizements a part of this friggin discussion? Why do you allow those posts and delete other posts, like mine, that address facets of the off topic discussions?

 

I do not favor vendors at all. They are all identified and are told strictly any advertisements are not allowed and will be removed. If there are any posts where you believe there is an advertisement please report the specific post. I went through this entire thread and removed all mention of classes\etc by Roger. He has also been warned not to mention them again. In addition, we will be actively monitoring this.

 

So, if I made a comment to roger about his incessant promotion on this very thread which he does under your nose since he has manipulated you into protecting him, he will whine to you and you will delete my post even though it is a post that others likely agree with and share a similar sentiment. This is BS!

 

I am not protecting him - if you recall my previous post this subject came up because of an entirely different thread - the TA Debunked one. Roger has been dealt with - he will moderated more closely. All his advertisements have been removed.

 

MMS

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Okay for me , sir! Too much moderation might kill moderation.

 

 

 

 

Hi Members!

 

How much moderation do you all want on the threads? I've received a few recent 'complaints' that threads are getting off-topic too much. But on the flip-side, others have said they like the banter.

 

What does everyone else think? Please let me know here!

 

thanks,

MMS

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MM, with all due respect, would you please explain how you merely "questioned" a "claim" that I had made and were responded to with name calling? It didn't happen that way and you know it. It was only after a bombardment of rude disrespectful comments by you and the others that I had to resort to defending myself and start stating the facts.

 

 

You were not the vendor I was referring to. In your case, instead of name calling, your tactic is to play the victim. The claim was that you make 1000 a day daytrading, which you later corrected to an average of 1100 or 1200 a day. Asking you about an outrageous claim about making 1100-1200 a day trading 2 contracts is not a rude and disrespectful comment.

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That is not true, I only delete posts where insults are being thrown around. If someone questions a vendor (without insults) and he doesn't respond appropriately (or not at all), the original question stays and the whole world will see the vendor doesn't like to answer questions. Further, when possible, I try to edit the posts to just remove the insults but to keep the intent of the post intact. This takes a lot of my time!

 

 

 

I do not favor vendors at all. They are all identified and are told strictly any advertisements are not allowed and will be removed. If there are any posts where you believe there is an advertisement please report the specific post. I went through this entire thread and removed all mention of classes\etc by Roger. He has also been warned not to mention them again. In addition, we will be actively monitoring this.

 

 

 

I am not protecting him - if you recall my previous post this subject came up because of an entirely different thread - the TA Debunked one. Roger has been dealt with - he will moderated more closely. All his advertisements have been removed.

 

MMS

 

Post 19 is an advertisement, Post 36 is an advertisement. Post 49 is an advertisement, Post 63 I will call an advertizement, Post 67 is an advertizement. There are about 8 or 9 posts so about 1/2 are advertizements blended in with whining about being mistreated. It looks like he is a lot of work.

 

If you removed some, then there were a lot more.

 

I am not trying to be mean to the guy, but I do not recall a single post that he authored that added any value to this thread or this site in any way. Others, such as Steve46, whether you agree with his method or not, has added value to the site. I might be mistaken, but all I have seen Roger do is solicit and defend his business.

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Post 19 is an advertisement, Post 36 is an advertisement. Post 49 is an advertisement, Post 63 I will call an advertizement, Post 67 is an advertizement. There are about 8 or 9 posts so about 1/2 are advertizements blended in with whining about being mistreated. It looks like he is a lot of work.

 

If you removed some, then there were a lot more.

 

I am not trying to be mean to the guy, but I do not recall a single post that he authored that added any value to this thread or this site in any way. Others, such as Steve46, whether you agree with his method or not, has added value to the site. I might be mistaken, but all I have seen Roger do is solicit and defend his business.

 

My apologies, MM. I received a PM from MMS clarifying the matter. I didn't understand how offering to help TL members whom I can never under anycircumstances accept money from would be considered advertising. But, by the rules here, it is. I understand and will withdraw the free help offer and make no such offers going forward. My mistake and it will not happen again. Thanks.

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No one in this thread offered to become your "tuition paying student." LOL

 

Either you are a complete nincompoop or you are such a hardcore vendor that when someone says "tuition" you hear the loud sound of a cash register in your brain that overwhelms your ability to reason.

 

People who don't hear the KA-CHING! can see by the context that the person obviously meant "instruction, training, tutelage, etc." IOW, he was accepting your offer to provide such services that you keep dangling to the membership here like you would a carrot in front of a mule.

 

In any case, once again you have misstated facts to fit your narrative. Regardless, I give you credit for being a character.

 

When I went to college, I paid a tuition...a lot of tuitions, in fact. Technically, it was a tuition fee...a fee for knowledge. But it was always referred to as, "paid my tuition" and somehow that always meant "get out my wallet". If he did not mean it in that sense, then it was a misunderstanding, not a misstatement of facts. In any case, I declined his offer so I'll have to go with nincompoop.

 

So, to please everyone, all offers of free assistance are withdrawn and none will be made in the futrue here at TL. It was a very bad idea and I apologize for offending so many by offering free help. Kind gestures aren't always taken in the spirit they were given.

Edited by Roger Felton

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This is not an ideal practice per se as a boost in the volume of banknotes in circulation could result in the devaluation of that currency. Bitcoin’s “Block Reward” System New Bitcoin tokens are pumped into the market through a popular process known as cryptocurrency “mining”. Bitcoin miners get rewarded with a Bitcoin “block” allotment every time they successfully solve transactions. The blocks are allotted by the Bitcoin algorithm. The block rewarding process happens every ten minutes. So in fact, ten minutes from this moment, new Bitcoin tokens will be created. Mining is not an easy process. It requires a certain level of expertise, specific hardware, and a serious quantity of electricity. After the inception of Bitcoin, the first mining reward was fifty Bitcoin. This meant that every ten minutes, a Bitcoin miner received fifty Bitcoin tokens for solving transactions. That number has since been halved, twice, and is now at 12.5 Bitcoin token per block reward. By May this year, the halving will bring that figure down to 6.25 Bitcoin token per block reward. This feature has been pre-programmed into Bitcoin’s system. What This Could Mean for Mining Lesser block rewards are not the only reason Bitcoin is scarce. It has gotten significantly harder to mine Bitcoin and receive rewards. This is because mining is now more difficult as more miners are entering the system thereby increasing competition. Consequently, an increase in competition means miners require more sophisticated tools to solve cryptographic Algos. Over the years, miners have created what is known as “mining pools” to better handle the rising competition of mining. Mining pools are a network of miners, collectively working towards achieving block rewards. Block rewards in mining pools are distributed according to the percentage of effort put into earning a block. Improved Stock-To-Flow Ratio Halvings have several profitable impacts on Bitcoin. One such effect is that it boosts the Stock-To-Flow ratio of Bitcoin. A commodity’s STF ratio is calculated by dividing the quantity of the asset held in reserves, by the quantity manufactured in a year. The greater the STF ratio, the lesser the annual inflation on that asset. Commodities like gold possess a very impressive STF ratio as its available quantity is limited. Presently, Bitcoin has a significantly lesser STF ratio, unlike gold. Regardless, more halving occasions will boost the Bitcoin’s STF ratio. It is even believed that someday, Bitcoin will surpass gold in the STF ratio rating and will be an even better store of value. This is probably why Bitcoin is dubbed “digital gold”. After-Effects of Previous Halvenings 2012’s Halving The first Bitcoin halving happened on the 28th of November. On that day, the cryptocurrency recorded a 6.5% trade range. Regardless, to the surprise of many, the price remained at a consolidated state months after the occasion. This was partly because Bitcoin was still in its infancy and so, not many people were engaged with it. Also, media coverage at the time was not what it is today, which means many people were not informed of what was going on. Based on the information on Bitcoin’s BNC Liquid Index, the price of BTC attained a high of about $32 on the 8th of June 2011. The price of BTC never broke above the $32 mark until the 28th of February 2013 (4 months later), where price witnessed a climb to $260 after which a drop was experienced and the price stayed below that level for several months. Fast forward to the 30th of November 2013 (close to a year after the 2012 halving), Bitcoin rallied dramatically and peaked at $1,167, which was a whopping 9,686% increase from the initial price of $11 on halving. 2016’s Halving On the 9th of July 2016, the second halving, the price peaked at $664 but did not maintain that uptrend instead fell to $626 on the same day. Subsequently, the price continued on that downward trajectory for about three months. However, things started looking up for Bitcoin from the 27th of October 2016 when price closed above the previous halving’s high of $664. Bitcoin later proceeded to smash its last all-time high of $1,167 on the 23rd of February 2017. This spike started the famous bull rally of 2017 through 2018, which witnessed a peak at $20,000 sometime in December 2017. 2016’s halving shot Bitcoin’s price from $664 to $20,000 which was a growth of 2,912%. Possible Outcomes of this Year’s Halving? In the crypto sector, the Bitcoin halving is undoubtedly among the most talked-about and anticipated occasions of the year. Presently, there are mixed expectations as to what the outcome of the 2020 halving may be. Many in the crypto sector are very optimistic and believe that, just as in the past, the price will soar dramatically either before or after the occasion. Creator of Kraken, Jesse Powell expects the price of Bitcoin to rise close to $100k or 1 million after the halving. The CTO of Morgan Creek Digital Assets also shares the belief of Jesse and expects Bitcoin to reach the $100,000 mark by 2021. He says that scarcity is a driving force for the demand of any commodity. He explains that the 2020 halving will cause Bitcoin to be more scarce. Other crypto players believe that this year’s occasion will not have a similar trajectory with past occasions and would, instead, mar the price of Bitcoin. Another possible scenario that has been observed over time is the “buy and dump” case. This scenario usually plays out when there is a highly anticipated occurrence. It works exceptionally well when the upcoming occasion is sure to have a quantifiable effect on supply and demand dynamics. The price of the asset in question experiences a huge spike just days or a few weeks to the main event. This transpires because investors stock up on the asset towards the event. After the event, however, the price of the said asset drops significantly. This kind of activity has transpired frequently in the cryptocurrency space. One such occasion was the Bitcoin futures trading releases for the CBOE and CME. Just a few days to the CME’s release, the price of Bitcoin rallied from $6,400 and peaked close to its all-time high of $20,000 in a day. Not surprisingly, the price dropped considerably in the period that followed those releases. Furthermore, some cryptocurrency experts believe that the aftermath of the halving has already been priced in. It has been observed that demand is “missing” in the Bitcoin market, this could be a clear indication that the halving has been priced in. Usually, months before a halving, a boost in demand and price of Bitcoin is always noticeable. This time, however, no increase can be observed in neither of the stated areas. In this case, it could lead to a lateral trading period which might be a good thing for traders. At the moment, Bitcoin is still struggling to break above the $7,200 mark and there are no signs of a reversal happening soon. Whatever the result may be one thing is for sure, the price of Bitcoin is set to experience drastic changes this year.   Source: https://learn2.trade 
    • Your All-Round Guide To Security Token Offerings Security token offerings (STOs) are one of the most revered investment options in the crypto space at the moment. It has even been termed the “future of fundraising”. But what exactly are STOs and what is the rave all about? This article aims to break down STOs, what it is all about, and how it can be beneficial to you. What Exactly is a Security Token Offering? STOs, simply put, provide a means of tokenizing fungible financial assets such as stocks, bonds, and REITs, and introduces the tokens to the public through regulated channels. STOs are a lot like ICOs as they generally involve the same processes. However, the differentiating factor between STOs and ICOs is in the tokens being sold. With ICOs, the tokens are usually non-descriptive and could range from anything digital currencies to utility tokens. With STOs however, the token is a “security”, meaning that it is exchangeable and possesses a set monetary value. Breakdown of Security Tokens Security tokens function as digital versions of the assets they represent. Here’s a list of some popular security token representations: 1- Capital markets: Firms can convert their shares into tokens, allowing investors to own parts of the firm. In some cases, owners of tokens receive dividends and can execute votes on the affairs of the firm. 2- Equity funds: Equity funds can also tokenize their shares for sale. 3- Commodities: Commodities like gold, natural gas, coffee can be tokenized. 4- Real estate: The equity of this asset class can be tokenized, much like how REITs function. STOs do not change the underlying securities, instead, it makes these assets more readily accessible on a digital platform. Unlike other digital assets, security tokens can only be traded on certain regulated exchanges. Some exchanges require interested investors to meet some set qualifications. Advantages of STOs STOs are formulated with regulatory-compliance in mind, unlike ordinary token sales. Security tokens provide its owners with several legally binding rights. Some security tokens even bestow its owners with rights to dividends or other defined streams of income. Security tokens are also beneficial to their issuers. From the onset, the entities issuing the tokens are aware that their tokens are being purchased by accredited and verified investors and so, they don’t have to worry about the credibility of their investors. Other advantages of STOs include: 1- It is adequately regulated: Entities issuing security tokens must operate under the guidance of designated regulatory agencies in the region like SECs and FTCs. 2- You can rest assured that STOs won’t falter in the future: Unlike ICOs that cannot be guaranteed, STOs are sure to always deliver because it is properly regulated. 3- STOs offer great convenience: Procuring security tokens is easy, straightforward, and stress-free. All you need to do is to adhere to the STO requirement in your jurisdiction and you’re good to go. 4- It can be programmed: Security tokens are programmable and can be facilitated by smart contracts. 5- Automated dividend disbursement and voting: Some security tokens are structured to send dividends automatically through smart contracts. Also, some security tokens provide the bearer with exclusive voting rights in the affairs of the entity offering the tokens. 6- It is a globally accessible investment vehicle: Investors across the globe can procure security tokens regardless of their location. 7- It is not susceptible to manipulation: Considering the mode of operation STOs are run by, big players cannot manipulate its movements. 8- STOs are very liquid: It is a very promising investment option as it has an impressive liquidity quality and can be traded easily. With benefits like these, STOs are for sure transforming the fundamentals of the financial sphere. Disadvantages of STOs As with every other form of investment, security tokens has its limitations and shortcomings. Some of these limits are: 1- It is considerably more costly than utility tokens: STOs, unlike ICOs, hosts many organizations in their fundraising campaigns. Also, regulatory fees are not cheap which makes it more capital-intensive to host STOs. 2- Investor Qualifications: Countries like the US have certain qualifications an investor has to scale before becoming eligible to engage STOs. According to the SEC to be an “Accredited investor”, you must have an annual income rate of $200k and above or a minimum of $1 million in the bank. 3- Specific trading conditions: STOs can only be traded on certain designated exchanges. Also, these tokens are time-bound meaning that you are allowed to trade these tokens between investors for a set period after the STO. The Howey Test Usually, tokens are said to be securities, by law, when they pass certain thresholds. One such way to identify a security instrument is by applying the “Howey Test”. But first, let’s look at a piece of quick background information on how the Howey test came to be. In 1944, a citrus plantation called the Howey company of Florida leased out a large portion of its land to several investors in a bid to raise funds for much-needed developments. The buyers of the land were not skilled or versed in citrus farming in any way and decided instead to just be “speculators” and let the experts do their jobs. The lease was made on the premise that profits would be generated for the investors by the lessor. Not long after the business transaction the Howey company was sanctioned and accused by the United States SEC of failing to register the sale with the authority. The SEC maintained that the company was dealing with unregistered security. Howey denied the claims however, assuring that what it offered wasn’t a security. After much debate, the case ended up in the Supreme Court, which later ruled in favor of the SEC that Howey’s land leasing were undoubtedly securities. It remarked that investors were purchasing land mainly because they saw an opportunity to make a profit off the deal. Howey was then ordered to register the sale. This was the story of the enactment of the Howey test. Today, per the Howey test, anything is deemed to be a security if it satisfies the following criteria: 1- The investment included money. 2- The investment was made on an enterprise. 3- Profit will be made from the efforts of the providers of the investment. The Howey test has become a stronghold name in the crypto space. In 2017 and 2018 (during the “Heydey boom”), many ICO providers were completely consumed with scaling the Howey test as it was a major determinant used in ascertaining the legality of an ICO by the SEC. Failure to pass the test meant the offering was illegal and was sanctioned by the authorities. Some ICOs even advertised their tokens as investment instruments that had no value, describing their tokens as “utilities” used only for interactions on the platform. The Inception of STOs The very first STO was released by Blockchain Capital on the 10th of April 2017. The release pooled about $10 million in one day. Several STOs have been released following the first event including tZero, Sharespost, Aspen Coin, Quadrant Biosciences, and many more. STOs have since gained widespread acceptance and relevance in today’s market. Understanding the Distinction Between Security Tokens and Tokenized Security Confusing security token for tokenized securities is a common trap that people fall into. The main distinction between the two is that the former is usually a recently issued token that functions on a distributed ledger system while the latter is just a digital manifestation of pre-existing financial instruments. Apart from similarities in appearance and nomenclature, security tokens have absolutely nothing in common with tokenized securities. What Entities are Involved in an STO Issuance? Assuming a business entity plans on issuing security tokens as an embodiment of equity in its establishment, the next necessary step for that business would be to involve certain players and follow certain directives. It has to formally contact an issuance platform to serve as a medium for issuing the tokens. Popular issuance platforms include Polymath and Harbor, which consist of service providers like custodians, broker-dealers, and legal entities to carry out secure processes. Who Can Invest in STOs? STOs are available to the general public for the taking, regardless of location. However, as mentioned previously, the US has certain rules guiding STO investments. In the US, it is mandatory to be an “accredited investor” before you can invest in this instrument. An accredited investor is an individual with an annual cash flow of $200k and above for at least 2 years or a net worth of $1 million and above. More nations are starting to adopt the United States’ classification method and have begun restricting certain classes from investing in STOs. It is advisable to always research on the STO rules and regulations of the jurisdiction you’re planning on investing with. Final Word STOs provide businesses with the prospect of raising funds in an easy and regulated setting. It gives both investors and issuers a good deal of benefits, while also ensuring insurances against fraudulent or malicious practices, unlike ICOs. Issuers are not limited to any industry, they can vary from several sectors including real estate, VC firms, and small and medium enterprises. Moving forward, we will likely witness prominent firms venture into the STOs.   Source: https://learn2.trade 
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