MCI - Trading Ideas, News & Community

30 Dec 2020 04:45

OKEx announces mainnet launch of OKExChain — and how to earn its native OKT token

Good opportunity to earn OKT token
Read more at - https://www.okex.com/academy/en/okex-announces-mainnet-launch-of-okexchain-and-how-to-earn-its-native-okt-token

MCI - Trading Ideas, News & Community

27 Dec 2020 06:38

https://cryptopotato.com/6-reasons-for-the-ongoing-bitcoin-bull-run-beyond-20k/

MCI - Trading Ideas, News & Community

14 Dec 2020 07:53

Announcing an upcoming low cap project :

Playcent - Gaming platform built on Matic network, backed by India's first gaming incubator IMAGE COE

Playcent Overview:
Playcent is a blockchain-based UGC platform for interactive apps and games. It’s a remix tool that anyone can use to make interactive games, mini-apps, and memes based on the various templates created by independent developers.

Prototype: Yes

Site 👉 https://playcent.com
Chat 👉 @playcentglobal

MCI - Trading Ideas, News & Community

30 Nov 2020 16:10

Bitcoin breaks 2017 ATH 🚀🚀🚀

MCI - Trading Ideas, News & Community

24 Nov 2020 12:49

https://cryptopotato.com/ethereum-2-0-all-set-for-december-1st-launch-as-eth-rallies-past-600/

MCI - Trading Ideas, News & Community

20 Nov 2020 09:56

ETH hits $500 again 🚀🚀

MCI - Trading Ideas, News & Community

10 Nov 2020 15:00

https://cryptopotato.com/bitcoin-has-a-lot-of-attraction-as-a-store-of-value-billionaire-investor-druckenmiller/

MCI - Trading Ideas, News & Community

31 Oct 2020 11:12

⚡️Bitcoin has overcome $14,000.

MCI - Trading Ideas, News & Community

29 Oct 2020 12:09

https://www.bloomberg.com/news/articles/2020-10-29/central-banks-sell-gold-for-first-time-in-decade-as-virus-bites

MCI - Trading Ideas, News & Community

27 Oct 2020 13:18

Bitcoin Breaks INR 10 Lac Again

MCI - Trading Ideas, News & Community

25 Oct 2020 19:47

Please do follow our YouTube channel for getting all the tips and tricks in Crypto trading
We will be sharing those things that we have personally learnt after couple of years in trading, not from any book - Thanks :)
https://www.youtube.com/watch?v=sgOBX_459tM

MCI - Trading Ideas, News & Community

25 Oct 2020 11:03

Happy Dussehra guys!

MCI - Trading Ideas, News & Community

24 Oct 2020 08:08

How market runs

A Perfectly Timed Joke :
🤔🙃🙃
It was autumn, and the Red Indians asked their New Chief if the winter was going to be cold or mild.

Since he was a Red Indian chief in a modern society, he couldn't tell what the weather was going to be.

Nevertheless, to be on the safe side, he replied to his Tribe that the winter was indeed going to be cold and that the members of the village should collect wood to be prepared.

But also being a practical leader, after several days he got an idea. He went to the phone booth, called the National Weather Service and asked 'Is the coming winter going to be cold?'

'It looks like this winter is going to be quite cold indeed,' the weather man responded.

So the Chief went back to his people and told them to collect even more wood. A week later, he called the National Weather Service again. 'Is it going to be a very cold winter?'

'Yes,' the man at National Weather Service again replied, 'It's definitely going to be a very cold winter.'

The Chief again went back to his people and ordered them to collect every scrap of wood they could find.

Two weeks later, he called the National Weather Service again.

'Are you absolutely sure that the winter is going to be very cold?' 'Absolutely,' The man replied. 'It's going to be one of the coldest winters ever.'

'How can you be so sure?' the Chief asked.
The weatherman replied, 'The Red Indians are collecting wood like crazy.'
😆😆😆

_*Incidentally, this is how stock markets and currencies work*_
🤪🤣😂

MCI - Trading Ideas, News & Community

21 Oct 2020 16:54

https://in.reuters.com/article/paypal-cryptocurrency/paypal-to-allow-cryptocurrency-buying-selling-and-shopping-on-its-network-idINKBN2761MI?il=0

MCI - Trading Ideas, News & Community

17 Oct 2020 20:21

Kucoin Exposed - Part Two

3. Accusations of Price Suppression by Kucoin After the Hack, Financial Pressure and Delays

So taking the above into account, if there are a few resistant projects re token swaps, as Kucoin, what do you do? Obviously there is some basic math in play. You owe a certain amount of tokens, at a certain price, to the users of your exchange. The example used in this article makes it pretty clear -

"If VI was still trading on KuCoin at 10 cents and 10 million VI is stolen, KuCoin is at a loss of $1 million. But if the price of VI goes down to 1 cent, then now their loss is only $100,000."

So forcing the price down and purchasing tokens to cover the losses at a lower price is part of this, but this also puts a huge amount of pressure on a project, to see their token getting rekt on an exchange while they are powerless to do anything about it (except do a token swap at their own cost of course!). If you're doing this though, it takes some time, so how can you stall for more time to carry out this process?

By delaying withdrawals of the token of course! This has the added benefit of causing a cascading effect in which users will liquidate affected tokens (remember Kucoin still allowed trading on affected tokens while all this was happening...LOL) in order to purchase other tokens that could be withdrawn.

By drawing out this process and delaying the withdrawal of funds by users, this also gives Kucoin more capital in which they can operate in the meantime, so the dreaded run on the bank scenario doesn't happen, where users try to withdraw more funds than Kucoin actually has...

If that wasn't enough, the article also accuses Kucoin of locking affected projects/tokens funds, just to stick the knife in a little more and apply a little extra pressure...

4. Botted Brigading of Telegram Groups by Kucoin...

Bots and Telegram, name a more iconic duo...However having an exchange who's main priority should be dealing with a massive hack, attributed by some as the third biggest hack in crypto history, spending their valuable time and resources brigading Telegram groups of projects with bot accounts forcing their own agenda on projects and their users speaks volumes of Kucoin's ethics and business practices.

MCI - Trading Ideas, News & Community

29 Dec 2020 13:40

Okex two new announcements regarding OKT airdrop and Mainnet launch - OKEx is building OKExchain

Read all the details from here -

https://www.okex.com/support/hc/en-us/articles/360054824631


https://www.okex.com/support/hc/en-us/articles/360054376292

MCI - Trading Ideas, News & Community

17 Dec 2020 07:49

Bitcoin at INR 17 Lakh 🚀🚀🚀

MCI - Trading Ideas, News & Community

05 Dec 2020 20:00

https://www.youtube.com/watch?v=sh7jXV3nwUo&ab_channel=DhruvRathee

MCI - Trading Ideas, News & Community

27 Nov 2020 10:25

https://www.reddit.com/r/CryptoCurrency/comments/k1kzka/coin_holder_since_2013/

MCI - Trading Ideas, News & Community

23 Nov 2020 17:40

https://www.cnbc.com/video/2020/11/23/paypal-ceo-dan-schulman-on-why-the-company-is-getting-into-cryptocurrency.html

MCI - Trading Ideas, News & Community

13 Nov 2020 09:54

To celebrate the Diwali festival and thank for the unwavering support from all our valued loyal Partners and traders, we are having this Exclusive Feedback for Indian Partners & Community 👇
https://www.okex.com/promotion/MEDDZH

Campaign period: 0 AM, Nov 11, 2020 - 0AM, Nov 25, 2020 (UTC+8)

MCI - Trading Ideas, News & Community

04 Nov 2020 18:03

https://twitter.com/VitalikButerin/status/1324018999458295809

MCI - Trading Ideas, News & Community

30 Oct 2020 21:41

https://twitter.com/jdorman81/status/1322052869793619969

MCI - Trading Ideas, News & Community

28 Oct 2020 04:47

MicroStrategy has earned $78 million from their business in last 3.5 years.
They have earned $100 million from #bitcoin purchase in last 2 months.

Compare the earnings, decide accordingly!

https://twitter.com/MrCryptoIndia/status/1321297004635578376?s=19

MCI - Trading Ideas, News & Community

27 Oct 2020 12:03

DBS Singapore launching crypto exchange

https://twitter.com/MrCryptoIndia/status/1321042724359995392?s=19

MCI - Trading Ideas, News & Community

25 Oct 2020 15:49

How important is exit strategy

https://twitter.com/MrCryptoIndia/status/1320368989772697601?s=19

MCI - Trading Ideas, News & Community

24 Oct 2020 17:55

A small trading tip by @anandgarg
https://twitter.com/MrCryptoIndia/status/1320030556915159041?s=19

MCI - Trading Ideas, News & Community

21 Oct 2020 18:31

https://twitter.com/MrCryptoIndia/status/1318952382345007105?s=19

Retweet & support good people 🙏

MCI - Trading Ideas, News & Community

17 Oct 2020 20:21

Kucoin Exposed - Part Three

Mad respect to Jag Singh of VI for having the balls to call this out. Along with Stuart Farmer from Lamden, you two are our "Wolf Crypto Chads of the Week". It is only when respected voices in the community speak up in such a manner, with irrefutable evidence, that more of crypto's dirty secrets are exposed, and as such, helps move the space forward by exposing such tactics by some of the "Centralised Crypto Cabal" that pray and manipulate not just users, but projects also.

To all the project founders and leads who read this channel, of which there are many, and to those whom this post may be passed onto, this is a call to action for you. With the resurgence of DEX's and the supporting liquidity that has come with the DEX renaissance, projects no longer need to make a deal with the "CEX Devil". The challenge of CEX v DEX was always that with a CEX came the required and requested liquidity and this is no longer solely the case.

There is just as much, if not more liquidity that now lives on DEX's and unlike the CEX style devil's deal, DEX's allow a project to control it's own destiny, support and incentivise their own liquidity and not be beholden to the extortionary tactics of centralised exchanges.

MCI - Trading Ideas, News & Community

17 Oct 2020 20:21

Kucoin Exposed - Part One

The innocuous title makes this article seem like just another generic project update however it's really about all the shady stuff that went down between Kucoin and projects as part of the Kucoin hack, and other general shady processes along the way...It's a fairly long read but I encourage...implore...you to take a few minutes out of your weekend to read this...

KUCOIN EXPOSED (a much more appropriate title...) - https://medium.com/vid-foundation/kucoin-can-now-open-vi-withdrawals-d77c783f4541

Here's a semi TLDR with some extra information and analysis...

1. Accusations of Price Suppression by Kucoin Prior to the Hack...

How you say? Well this is the power of a CEX right, you have on-chain entry and exit, but once a token exists within their walled garden, it's essentially just an internal database...This means, and this is a direct accusation in the article, that an exchange can "mint" more tokens then they actually have and use these tokens are part of the internal trading on their exchange.

Remember infinite mint bugs in all those projects rugging over the last little while? It's essentially that...except because it's not on-chain and behind the walled garden, the "slow rug" is never uncovered...Of course except when there's a hack which exposes a bunch of on-chain data and forces reconciliation with the internal database...

VI accuse Kucoin of having SEVERAL MILLION extra tokens that were unaccounted for...hmm I wonder what they were using those for...

2. Kucoin's Insurance Fund (or lack thereof), Token Swaps and Bulling Tactics

Firstly, if you think Kucoin actually have an insurance fund that covers them for $150m/$200m...LOL...secondly, even if they did, it probably wouldn't cover the actions of an internal malicious actor and a private key leak, as admitted by Kucoin. So when you're put in a position like Kucoin is, what are your other available options?

The simplest one is to force the affected projects to do a token swap. This means that instead of Kucoin being liable for the lost amounts, they simply force the project to do a token swap and in the process reduce million dollar + liabilities down to almost nothing, as they then don't have to cover the cost of the lost tokens when new tokens can be issued.

Of course, you'd think that as part of that process, if we're talking the millions of dollars Kucoin would have to cover, that you'd cover the cost of the token swap on the projects behalf, however we have it on good authority from multiple projects that Kucoin didn't even want to do that, and instead forced the token swap costs back onto the projects themselves, in some cases to the tune of hundred of thousands of dollars.

This is why some projects have been resistant to token swaps, as they either don't have the money or the technical abilities to do the token swap, or they (fairly) feel that this is a ridiculous request from someone who should bear full responsibility and liability for any lost funds. After all, this comes with the assurances of listing on a centralised exchange right?

Bonus - Prior to the hack, Kucoin was asking projects to pay a $300K listing fee!

This doesn't even take into account the losses that both projects and users suffered as a result of affected tokens being liquidated on DEX's by the hacker and the associated losses to LP's on those DEX's.