Wednesday, 21 August 2019

A Analysis

Rate this item
(0 votes)

Veritaseum's beta 2 of its Bitcoin wallet, the UltraCoin wallet, is now available for download. It trades the derivative value of BTC and all major crypto currencies, all major forex pairs and individual currencies and over 75,000 tickers of stocks, bonds, commodities, indices, options and futures via smart contracts and optional micro-payment contracts - all on peer to peer basis with zero (or low) trust, counterparty and credit risk free basis.
New to the wallet is the ability to time entry into and exit from the smart contracts (ex. have the contract activate only at market open or end at market close), cancel them at a pre-conceived date and time (after earnings announcements), adjust collateral (think manipulate your own margin requirements) and track any transaction made (via the blockchain).
We recently pitched this to one of the world's largest money center banks and they claimed this was, by far, the best and most advanced bitcoin app they have every come across. I was, of course, elated to hear that! Download the newest beta here.
Screenshots of the new beta in action: 

UItraCoin Smart Contract Bitcoin Wallet - The Most Powerful Bitcoin Software In THE WORLD Blockchain tracker

UItraCoin Smart Contract Bitcoin Wallet - The Most Powerful Bitcoin Software In THE WORLD Portfolio

 

 

UItraCoin Smart Contract Bitcoin Wallet - The Most Powerful Bitcoin Software In THE WORLD Blockchain tracker

Rate this item
(0 votes)

What happens when you combine the world class analysis behind BoomBustBlog with bleeding edge tech behind Veritaseum's UltraCoin? Here's the answer...

On August 20th, 2014 I posted: Apple's Price Hits All-Time High On New Product Speculation, Take Your Positions Via UltraCoin, to wit:

Bloomberg reports: Apple Soars to Record Amid Optimism About Coming ProductsApple Soars to Record Amid Optimism About Coming Products

Apple Inc.’s stock soared to an all-time high, surpassing a 2012 record as investors look ahead to new products such as bigger-screen iPhones and a wristwatch-like device that may jump-start revenue growth.

Apple rose 1.4 percent to $100.53 yesterday, topping the split-adjusted record of $100.30 reached on Sept. 19, 2012, just before the iPhone 5 went on sale. The shares, which have advanced 25 percent this year, extended their gains today before the markets opened, trading as high as $100.98.

Here's my take on Apple back on that fateful iPhone 5 release date.

Here's my opinion at the iPhone 6 release date (go to the 15:16 marker)...

Now, back to Apple's Price Hits All-Time High On New Product Speculation, Take Your Positions Via UltraCoin...

This is what a bear (contrarian) trade on Apple looks like in UltraCoin...

AAPL short trade

To illustrate the flexibility of the UltraCoin trading system, I've presented a scenario where you can actually swap Apple returns for Google returns in lieu of simply going long Apple or short Apple.

AAPL for GOOG swap trade

You can also swap Apple returns for USD, EUR, GBP, or RMB - which is essentially shorting it in various currencies. If you are bullish on Apple, simple click the "switch" button, which will reverse the exposures.

Did it work? Well...

Apple Irrational exuberance You know what to do next...

Download the UltraCoin client here. Anyone who wants to try the system out with small trades of .01BTC can simple create them and email me to take the other side of the trade (I'll take the opposite side of any trade).

 

Rate this item
(0 votes)

 I sat down with about a dozen or so (legal, executiuon, KYC and AML) higher level executives of one of the world's largest banks today. It was a fruitful discussion. The following is the document that was given to serve as a guide to the discussion.

Banking Risk Reward and Demise - The Age of Programmable Currencies Page 03

It is interesting to notice how many truly competent individuals and companies truly believe that new technologies are what disrupts industries and markets. Trust me, it is not! Broad disruption occurs at the hands of astute operators that manipulate new (and often not so new) technologies to leverage an innovative business model that strikes at the weakness(es) of the extant market leadersBanking Risk Reward and Demise - The Age of Programmable Currencies Page 04Banking Risk Reward and Demise - The Age of Programmable Currencies Page 05Banking Risk Reward and Demise - The Age of Programmable Currencies Page 06Banking Risk Reward and Demise - The Age of Programmable Currencies Page 07Banking Risk Reward and Demise - The Age of Programmable Currencies Page 08Banking Risk Reward and Demise - The Age of Programmable Currencies Page 09Banking Risk Reward and Demise - The Age of Programmable Currencies Page 10Banking Risk Reward and Demise - The Age of Programmable Currencies Page 11Banking Risk Reward and Demise - The Age of Programmable Currencies Page 12Banking Risk Reward and Demise - The Age of Programmable Currencies Page 13Banking Risk Reward and Demise - The Age of Programmable Currencies Page 14Banking Risk Reward and Demise - The Age of Programmable Currencies Page 15Banking Risk Reward and Demise - The Age of Programmable Currencies Page 16Banking Risk Reward and Demise - The Age of Programmable Currencies Page 17Banking Risk Reward and Demise - The Age of Programmable Currencies Page 18Banking Risk Reward and Demise - The Age of Programmable Currencies Page 19Banking Risk Reward and Demise - The Age of Programmable Currencies Page 20

 

Rate this item
(0 votes)

Coindesk reports: Huobi’s Fixed-Return Financial Product Sells Out in One Hour

Huobi has sold all subscriptions to 'Dig-VC', a 60-day fixed-term product designed to fund its new mining platform. The latest product from the Beijing-based exchange, which is effectively a bitcoin ‘certificate of deposit‘, is called ‘Dig-VC‘ and offers a guaranteed interest rate for investors. Notably, returns are backed by Digcoin – a new bitcoin mining services platform built by Huobi.

For the less financially inclined in the audience, the important issue here is the credibility of the entity issuing the guarantee. Digicoin is your counterparty and the source of both counterparty and credit risk!

Both will form part of Huobi‘s Hong Kong-based trading and investment platform BitVC, which launched in June. Dig-VC subscribers will see a guaranteed return of 1.2% per month (which equates to an annualised rate of 16%), calculated on a daily basis and paid at maturity. Additionally, the first 100 subscribers will be rewarded with an additional 0.2% per month at the end of the 60-day term.

The interest-bearing product differs from ‘cloud mining’ shares offered by other companies, in that subscribers are not purchasing shares of the hashing power with return rates that vary according to the growth of the network. Instead, Dig-VC promises a simpler investment with a fixed return rate.

Huobi describes Dig-VC as “an attractive new high-yield, low-risk financial product” and offered 2,000 subscriptions for 1 BTC each, beginning this morning China time.

I'm afraid there is no such thing. Risk is the price of reward, and you must pay some risk to receive some reward. In other words, beware when someone offers you something for nothing!

A company representative told CoinDesk all the shares were sold within the first hour, with more than half sold in the first two minutes. There was also a large amount of international interest:

“It looks like 70% of investors were from China with the rest coming from the United States, Canada, Australia, Japan, Singapore, and Thailand.”

It's interesting that there was so much interest for a product with such a high risk profile (which is evident by the 16%+ annual return offered in a ZIRP [zero interest rate policy] environment). Anyone who feels they missed out in not getting in on this deal can easily roll their own high yield bitcoin investments. As a matter of fact you can get creative and take either side of the trade. If you're bullish on high yield bonds, bearish on high yield bonds, bullish or bearish on BTC prices, you can construct the vehicle that best suits your tastes.

To go high yield via BTC, see below. 

How to Creating a high yield vehicle based in Bitcoin

See The Easiest, Fastest Way To Short Bitcoin in order to do a similar setup without high yield bond market exposure.

This CNBC/Max Keiser video clip is now so appropo!

Now, all you need is the know how, which my team and I have provided in abundance over the years...

Go to the 4:00 mark...

Click here to download the UltraCoin client.

 

Rate this item
(1 Vote)

 I have been putting a lot of high level trading opinion on the Reddit Bitcoin forums. In answering one of the forum's patrons that has been trying out our platform, I put together a graphic that was quite enlightening as to several major advantages our platform has over practically any other in existence.

  1. Microtransactions are finally here! This trade was done for 45 cents (.0009 BTC) and the user can profit from a sharp move (over 10% in aggregate), despite fees. Nowhere else can you make a 45 cent trade and expect to profit.
  2. Flexibility is supreme! This particular trade was a swap of Argentinian peso exposure for bitcoin exposure. A very custom, and timely, trade indeed. The level of customization achievable by the platform was discussed in these four recent articles.
    1. Using Veritaseum's UltraCoin To Take Direct, Specific Positions On The Argentine Default For As Little As $5!"
    2. We've Successfully Recreated Wall Street Banks & Brokerages As P2P Software: See the Argentinian Default Trade Bear Fruit Through Bitcoin!
    3. If You Believe The Oil Bull Market Is Over, This Is How To Monetize It Through Ultra-Coin.com

    4. The Easiest, Fastest Way To Short Bitcoin

  3. Total, Absolute, Unequivocally Unmatched Transparency and Openness! Users of Veritaseum's UltraCoin Bitcoin wallet can easily trace his/her flow of funds through the blockchain for any given trade or smart contract generated on the platform. This is a very, very powerful feature that can't be matched by anyone who takes possession of the fund - such as exchanges (who have to be audited by 3rd parties to ensure trust), banks (who have to be audited by 3rd parties to ensure trust) and brokerages (who have to be audited by 3rd parties to ensure trust). We use the open power of the blockchain, distributed trust, to bring a level of transparency that is unheard of - particularly given the power and flexibility of the product at hand.

short peso long BTC - follow trade through blockchain

This CNBC/Max Keiser video clip is now so appropo!

Now, all you need is the know how, which my team and I have provided in abundance over the years...

Go to the 4:00 mark...

Click here to download the UltraCoin client.

Rate this item
(0 votes)

On July 30th, I posted "Using Veritaseum's UltraCoin To Take Direct, Specific Positions On The Argentine Default For As Little As $5!"

One month later we find Argentina's reserves are diminishing from their second default in 20 years, putting material pressure on the peso just as we anticipated:

For a trade as small as $5 or as large as $1 million, it would have paid off. This is the NEW power of bitcoin, and bitcoin smart contracts. It appears as if many don't understand the significance of this Veritaseum invention, but now everybody who has a computer or smart phone essentially has the same power at hand that Goldman Sachs or JP Morgan does when it comes to financial trades and deals.

This CNBC/Max Keiser video clip is now so appropo!

Now, all you need is the know how, which my team and I have provided in abundance over the years...

Go to the 4:00 mark...

Click here to download the UltraCoin client.

Thursday, 28 August 2014 00:00

Veritaseum's Value Trading Client Coming To Android! Featured

Written by
Rate this item
(0 votes)

The power to match JP Morgan and Goldman Sachs, stock for stock, bond for bond, gold bar for bar will soon be available to bitcoin wallet users through their smart phones. 

device-2014-08-28-132733device-2014-08-28-132854

Our UltraCoin product allows end users to create insanely powerful investment/hedging/speculative positions quickly and easily.

Here is the full video tutorial...

Go to the 4:00 mark to see the explanation on RT's Boom Bust show.

Friday, 22 August 2014 00:00

Using UltraCoin To Hedge Against Bitcoin Volatility Featured

Written by
Rate this item
(0 votes)

Coindesk reports: Wall Street Sees Opportunity in Bitcoin’s Volatility

A new report from Wedbush Securities suggests the price of bitcoin will continue to be volatile – but adds that this is necessary for the market’s growth and maturity.

Entitled Embracing Volatility: Trading as Bitcoin’s First Killer App, the latest report from the financial services firm concludes that fluctuations in bitcoin’s price, far from harming the currency, will benefit its underlying infrastructure.

Gil Luria, the author of the report, said:

“Volatility in the price of bitcoin should not impede retailer acceptance of bitcoin, in our opinion, as merchants and payment processors are entirely shielded, and we expect consumers will be shielded in the future.”

Luria noted that US bitcoin companies such as Coinbase and Circle are currently working on such solutions. When they are introduced, he said, it will become common for consumers to use wallets with small amounts of bitcoin for online transactions.

However, he added that the challenge for the wider bitcoin ecosystem will be to provide a volatile market for investors alongside a stable user experience for consumers.

End users of all types can use the UtlraCoin client to transform retail bitcoin risk into investor bitcoin risk and vice versa. As illustrated in our article "The Easiest, Fastest Way To Short Bitcoin", a short position in bitcoin does this quickly and simply with accurate price point lock in. 

BTC short in USD through Veritaseums UltraCoin client

 The scenario: Merchant provider Overstock.com receives 10,000 BTC per month in sales revenue from 3 major markets: Great Britain, US and EU. Overstock doesn't want to assume the market risk of holding that much BTC.

Digtal Oppurtunities Fund looks to dabble in the digitial currencies market and is looking for some raw BTC exposure. The two parties enter into one of two swaps using UltraCoin.

Swap 1:  Overstock pays (sells) BTC exposure (to Digtal Oppurtunities Fund) and recieves USD exposure, effectively locking in the market price of USD in exchange for offering BTC. The Digtal Oppurtunities Fund recieves (buys) BTC exposure from Overstock in exchange for USD exposure it sells to Overstock. This arrangement effectively shifts the appropriate market risks around to the participants who desire it the most.

Swap(s) 2: Overstock wants to retain the geo-specific currency risks of each subsidiary (British, American, continental Europe), thus sells its BTC exposure in exchange for pounds (British subsidiary), US dollars (American subsidiary) and euros (continental European subsidiary). The Digtal Oppurtunities Fund takes the other side of each of these swaps by paying (selling) the respective fiat currencies and recieving (buying) the BTC exposure.

Please keep in mind that in all of these scenarios, the only physical (actually, digital) holdings any of these participants need to have is BTC. No dollars, euroes or pounds are necessary to have, source, or acquire. 

The Coindesk article goes on to report:

Advanced financial trading to continue

Luria also suggested that this belief has been established through talks with Wall Street traders, who they say see an opportunity given that the market’s sometimes severe reactions to news.

Further, he added that the recent rise of advanced financial trading products in the bitcoin ecosystem is likely to continue to cater to these new participants, stating:

“We expect this activity to continue to draw more sophisticated tools borrowed from the equities trading world – such as derivatives, margin trading and computer trading – all of which have contributed volatility in the equities markets.”

Currently, there is no bitcoin-based derivatives system anywhere near the power and flexibility of Veritaseum's UltraCoin. Simply reference "If You Believe The Oil Bull Market Is Over, This Is How To Monetize It Through Ultra-Coin.com" for examples of the extreme capabilites of this system. 

Click here to download the UltraCoin wallet, quick start documentation, and a plethora of research reports.

Rate this item
(0 votes)

Bloomberg reports: Apple Soars to Record Amid Optimism About Coming ProductsApple Soars to Record Amid Optimism About Coming Products

Apple Inc.’s stock soared to an all-time high, surpassing a 2012 record as investors look ahead to new products such as bigger-screen iPhones and a wristwatch-like device that may jump-start revenue growth.

Apple rose 1.4 percent to $100.53 yesterday, topping the split-adjusted record of $100.30 reached on Sept. 19, 2012, just before the iPhone 5 went on sale. The shares, which have advanced 25 percent this year, extended their gains today before the markets opened, trading as high as $100.98.

After rising more than sevenfold following the 2007 debut of its smartphone, Apple’s stock lost a third of its value in the year after the iPhone 5’s release on concerns that the company was running out of hit product ideas without co-founder Steve Jobs. The tenor has changed, with analysts estimating record sales for the next batch of iPhones, set to be released later this year.

Those that follow me know that I've always been a contrarian on Apple. I've actually been quite accurate on the company's stock valuation over the last 4 years, calling the top within a week of its dramatic downward turn (reference Deconstructing The Most Accurate Apple Analysis Ever).

I personally do not see Apple's pipeline as comparable to its major competitors. Apple's anticipated larger screen phones are playing catch-up with the Android competition from three years ago, and their stock buybacks, Beats purchase and apparent dearth in innovative products (iWatch, 4.5 inch screens do not make the cut) pale in comparison to the pipelines from Google (Glass, self-driving cars, Project Ara $50 Modular Smartphone, etc.) and Samsung (flexible phones, foldable screens, quarterly hardware updates, etc.).

This is what a bear (contrarian) trade on Apple looks like in UltraCoin...

AAPL short trade

To illustrate the flexibility of the UltraCoin trading system, I've presented a scenario where you can actually swap Apple returns for Google returns in lieu of simply going long Apple or short Apple.

AAPL for GOOG swap trade

You can also swap Apple returns for USD, EUR, GBP, or RMB - which is essentially shorting it in various currencies. If you are bullish on Apple, simple click the "switch" button, which will reverse the exposures.

Download the UltraCoin client here. Anyone who wants to try the system out with small trades of .01BTC can simple create them and email me to take the other side of the trade (I'll take the opposite side of any trade).

Monday, 18 August 2014 00:00

The Easiest, Fastest Way To Short Bitcoin Featured

Written by
Rate this item
(0 votes)

Bitcoin's price has been dropping steadily over the past week, and has been on a downward trend for most of the month.   

BTC 30 days till 8-17-14      

Since there is no shortage of naysayers predicting the doom of bitcoin, nor is there a shortage of traders who prize the volatility of this asset, the ability to short should be quite sought after.  Even after years of development, the opportunity to short is still not straightforward. In a nutshell, you have to open an account at a cryptocurrency exchange, and if you're a US citizen, you have to do it at a firm that would have you. 

With the advent of the Mt. Gox debacle, you should also be aware of custody and risk management issues as well. To open account and fund it takes a minimum of 2 to 3 days, and to get funds out is a minimum of 24 hours, up to weeks. A more straight forward method is through Veritaseum's UltraCoin peer to peer trading system. Download what we consider to be the most powerful bitcoin wallet in existence here, and you can fund it immediately with bitcoin and start trading as soon as the transfer confirms (within minutes). No account openings, no waiting, just trading. 

Once set up, you can do a straight sell BTC buy (your asset of choice, ex. the USD) or lever up and sell and receive a forex pair. See below...

2x levered BTC short through Veritaseums UltraCoin clientBTC short in USD through Veritaseums UltraCoin client UltraCoin allows you to short bitcoin faster and cheaper than any other system. Simply observe the fees. These trades were performed this morning. Below are three trades as they were filled...

BTC short in USD trades filled through Veritaseums UltraCoin client

And these are the results of the trades as they were completed (P&L).BTC short in USD trades completed through Veritaseums UltraCoin client Download your copy of the UltraCoin Bitcoin Value Trading Wallet along with a quick start guide here. There are a plethora of trading examples in the guide, from a simple long/short Apple stock trade to extravagant energy hedging and speculation and everything in between. UltraCoin is capable of trading the value of over 75,000 global tickers in every major and many minor asset classes and markets.

Last week, we reviewed a methodology on speculating on the pop of a perceived oil price bubble, reference If You Believe The Oil Bull Market Is Over, This Is How To Monetize It Through Ultra-Coin.com.

My Twitter Updates

ReggieMiddleton Our response to SEC allegations has been filed and is now public. While it may appear voluminous, it should be cons… https://t.co/f3SH6jTNpo
Tuesday, 20 August 2019 10:17
ReggieMiddleton Asia Surprises With Cuts in Global Race to Monetary Bottom: New Zealand, India, Thailand cut rates today, which cau… https://t.co/bdY8cZqYqZ
Wednesday, 07 August 2019 11:05
From TweetDeck
ReggieMiddleton @fortunekr75 @venmo We have our own internal USD token. We actually use our metal tokens as private currency for transactions.
Tuesday, 06 August 2019 14:41
ReggieMiddleton @realDonaldTrump labeled china a currencymanipulator, but if one observes objectively, $CNY has held up to… https://t.co/c1XKE0s8ya
Tuesday, 06 August 2019 13:54
From TweetDeck
ReggieMiddleton @venmo Forgot to add this graphic https://t.co/vwb4pZlDmF
Tuesday, 06 August 2019 13:24

Right add

Newsletter

Tell Us What You Think

Which forensic research are you most apt to buy?
Right add (2)

Contact

Veritaseum

1-718-407-4751

info@veritaseum.com