CC - BB - Schedule and Rundown Show Notes 08-15-19 xx
 Share
The version of the browser you are using is no longer supported. Please upgrade to a supported browser.Dismiss

View only
 
ABCDEFGHIJKL
1
0:02:22Episode Title: The Chinese Ponzi Scheme Responsible For Bitcoin's Collapse - Is Binance Complicit?Episode number: XXXDate: 08/15/19Live Unedited Show Time StampPost Live Show Time StampsEST. Segment Length
2
3
JWTEASE: Yesterday's Server Maintainence on Binance left many cryptocurrency investors out in the cold as the entire crypto markets capitulated in one of the worst sell offs we've seen all year. News is beginning to circulate about a Chinese ponzi scheme that many claim is responsible for the sell off. Meanwhile XRP dumps another billion tokens on the market, and an ICO fights back against the SEC. Let's break it all down in today's exciting episode of Breaking Bitcoin.0:05:050:00:0010-15m
4
Intro Rolls
5
JWWelcome to Breaking Bitcoin, recorded live Wednesday, August 15th 2019. Your daily source for market updates, sentiment, and news for traders.
I am your host Justin Wise, Lead Analyst & Senior Mentor at CrackingCryptocurrency.com - Hope you're all doing well!
Shout out to everyone watching from across Youtube - Twitch - DLive - Facebook Live - and of course on Roku at the Investor News Channel app.
If you want to support the show make sure to subscribe, follow, share, and engage in the live chat. And hit that thumbs up button!
6
7
JW"This episode of Breaking Bitcoin is brought to you by… US!

If you are an aspiring trader or an experienced trader looking to sharpen your skills, and you want to work with a team with a proven track record who deal in the realm of probability, statistics, and verifiable edge, head over to premium dot crackingcryptocurrency dot com to see what the Premium Trading Group can do for you. Exclusive Setups and Trade Signals, the Pathways to Profit Strategy Building Course, Proprietary Indicators, Spreadsheets, and Tools as well as educational material and database library. Come join the fastest growing community of traders and investors, at premium dot cracking cryptocurrency dot com.
8
ask for 5 stars ratings on itunes and other podcatchers please

It's Not Just the Tools, It's The Rules!
Mention Premium Trading Group Updates - published two new PTP videos. upgrading to PS4 and tips and tricks for backtesting optimization.
9
EOS Competition is LIVE!
10
11
12
--Mention yesterday's comment winner:Mr. Ether
13
Cryptocurrency Market Analysis
14
12:15HighlightsLinksVIDEO20-30m
15
JW
16
--Tip random commenter from yesterday’s show.Ken D0:08:300:03:25
17
18
19
Bitcoin Analysis and Strategy0:12:000:06:55
20
21
22
23
24
25
Ethereum Analysis and Strategy0:59:400:54:35
26
27
28
Litecoin Analysis and Strategy
29
EOS Analysis and Strategy
30
31
BNB Analysis and Strategy
32
33
XRP Analysis and Strategy
34
35
36
As traders, selecting our exchange is one of the most important decisions we will make. I'm often asked as a profesisonal, what are the most important metrics when making this decision. My answer is always the same. The three major boxes that any exchange that I am considering must check are
1. Security
2. Ease of Use
3. Customer Service
The exchange that checks all of these boxes, that I use for trading Bitcoin Futures, is Bybit.
They are based out of Singapore, a country with some of the strictest financial regulation. Their platform is intuitive and simple to use, yet also has advanced order features for seasoned traders. Finally, their Customer Service live chat is in the corner of their main page, and on-demand support is a click away.
I've absolutely loved using this platform, and very much prefer it over the alternatives in this space.
If you would like to check out ByBit, you can visit bybit.crackingcryptocurreny.com and receive up to $60 from ByBit just to test their platform.
Again, that's bybit.crackingcryptocurrency.com
https://ByBit.CrackingCryptocurrency.com
37
38
Traditional Markets / Forex
39
12:45Tickers/NotesLinksVIDEO
40
JWYou can watch or listen to this discussion and more on Breaking Bitcoin, episode number ### at CrackingCryptocurrency.com. And remember to subscribe to our podcasts. Thanks for listening. We'll see you next time.
41
Indices - E Minis
42
43
Metals - Commodities - Oil
44
45
Forex
46
47
48
49
12:55Looking for your charting platform? Look no further! Trading View is amazing!

Follow us on Trading View and check out our Indicators:
TV.CRACKINGCRYPTOCURRENCY.COM
50
1:00 PMWhen We Return: Topics & Requests
Mentions:
-Giveaways
-Like, Subscribe, Follow, Share, and engage!
Break Time!1:09:551:04:50
51
1:00 PMLinksBack from break!1:13:521:08:47
52
JW
53
54
55
56
News/Overall Sentiments/Chat Engagement
57
1:05 AMLinksBack To The Show20-30m
58
JWBinance returns from scheduled maintenance amid price drop; users demand action on ponzi scheme dumping BTC
https://bitcoinist.com/chinese-ponzi-scam-floods-exchanges-and-hits-bitcoin-price/
Wednesday saw Binance go down for 6-8 hours for scheduled maintenance to implement Geoblocking for anyone shorting BNB, er sorry I mean for platform upgrades.
This left users upset because the outage coincided with the massive market sell off.
The biggest issue on Binancians minds however, appears to be reports that Chinese ponzi scheme PlusToken, is liquidating its supply of $3bn worth of BTC on Binance and other exchanges and have been since July.
If you haven't heard of PlusToken, don't worry. Neither have most involved in cryptocurrency.
Little is known about the PlusToken scam outside of China or South Korea , but it appears to be a massive ponzi scheme that's bilked investors of billions in crypto currency.
Started in mid-2018, PlusToken was a classic high-interest promising Ponzi scheme. One would invest their Bitcoin in the PlusToken platform and receive passive income in the form of interest.
It had four tiers of membership, pursuant to how much you invested. The more you invested, the higher interest rate you received.
Now the core team behind PlusToken was apprehended by Chinese authorities two months ago, however, chain analysis suggests someone still has access to the keys, and unconfirmed reports from Chinese traders suggest someone in control of the funds is consistently dumping 100BTC batches on Binance, in addition to 50-100 batches on Bittrex and Huobi.
Most of the BTC adresses found by authorities were P2SH, which is commonly used for multisig. Due to this the wallets cannot be opened by authorities, and this would strengthen the fact that someone or multiple someones are still free and have enough private keys to control the adresses.
There is rampant speculation right now, that the 200,000 in ill-gained BTC flooding the market from the PlusToken scam, lead to the latest sell off on the markets.
1:19:251:14:20
59
JWXRP pledging 1bn tokens for content creator grant
https://www.prnewswire.com/news-releases/ripples-xpring-makes-1-billion-xrp-grant-to-drive-xrp-adoption-and-advance-coils-monetized-platform-for-creators-300902194.html
Coil, a San-Francisco based startup created by former Ripple CTO Stefan Thomas, has received a 1 billion XRP pledge from Xpring.
For those of you who don't know, Xpring is Ripple's start up to invest and help develop the Internet of Value. They invest in blockchain startups and partner with companies to help them grow.
Coil's project is to disrupt the business model for content creators, advertisement and subscription based support popularized by YouTube, Twitch Patreon, and other platforms.
Their ideal solution is one in which real-time cryptocurrency micropayments will be an alternative to advertising and subscription based revenue.
The underlying tech behind Coil monetization is Interledger protocol, ILP, which supports multiple crypto currencies natively, in fact they allow users to send and receive many different types of currency, it's clear this grant worth 1b XRP is going to fund Coil in an XRP-centric direction, as well as possibly rain a lot of promotional XRP down on their ecosystem for some time to come.
Coil says they will use the 1 billion XRP to build an ecosystem of creators, developers, companies and nonprofits that are using XRP through the Web Monetization open standard.
A portion of the commitment will also be used to help build awareness of Coil among creators, consumers and strategic partner, that is advertisement.
Earlier this year, the company also announced its partnership and investment in Imgur, the community-powered entertainment platform, and Cinnamon, a video streaming service.
In addition, Xpring participated in Coil's $4 million seed round.

So this is pretty neat, I'm actually quite in favor of the micro payment disruption concept. I do think that the current scheme of running ads is outdated, and there's lots of good projects like Brave trying to solve that problem in unique ways. The ILP is an interesting concept, but as I said, I do feel that with XRP's involvement this will skew their entire user base toward that cryptocurrency, which I think is not a good solution.
I think this is a fantastic use case for the Lightning Network, which continues to grow, and offers everything that XRP claims to have, with greater privacy, greater security, and that little thing called...oh yes, decentrilization and use case.
1:32:001:26:55
60
JWKik Launches Scathing Rebuttal at SEC
https://btcmanager.com/kik-launches-rebuttal-sec/
The messaging app has filed a countersuit against the SEC, claiming the agency has deliberately twisted facts to make it seem like Kik had not complied with necessary regulations. The SEC launched an investigation into Kik and came to the conclusion that their token, Kin, was a security but did not comply with securities regulations. They further alleged company management knew they would not be able to sustain financially after posting $1.5 million in revenues and $32.3 million in expenses in 2016-17, as reported by Financial Times, August 7th, 2019. As previously reported by BTCManager, Bitfinex also hit out at New York state regulators for supposedly twisting facts and cherry-picking data points. If both of these instances prove true, it is clear evidence that American regulators are tying to malign crypto business in the public eye.

After tearing down Libra, these regulators face a new potential challenge from retail behemoth Walmart. The cryptocurrency space is just starting to bloom and the issue on regulators minds is finding a way to adequately impose authority over these companies.

One would hope that this isn’t the case and that regulators will act fairly, as they would against any other business or industry.

1:36:071:31:02
61
62
63
For a professional trader, it is absolutely essential that I have full control over all of my positions. Platforms like Binance, Coinbase Pro, and Bittrex, although amazing in their own right, do lack essential features for any serious trader. Whether it's setting a take profit and stop loss simaltenously, trailing a stop loss, or automating Trading View alerts, to maximize our returns in the market and simplify our trading we need better tools.
The platform that I choose for accessing these essential tools is 3 Commas.
3 Commas is the industry leader for providing Cryptocurrency traders access to these much needed tools.
If you would like to try 3 Commas, our link will provide you not only with a free trial, but a 10% discount off of your purchase.
Head on over to 3COMMAS.CRACKINGCRYPTOCURRENCY.COM to take advantage of this offer, that's 3COMMAS.CRACKINGCRYPTOCURRENCY.COM
https://3commas.CrackingCryptocurrency.com
64
Ready Chart Requests
65
66
1:25 AMChartsLinks
67
JWAnything from yesterday you'd like to talk on today
68
69
70
71
72
Psychological Levels - Tradeable?0:28:110:23:06
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
Member/Followers Email/Messages
91
JW
92
93
94
95
Ready End Music1:43:151:38:10
96
2:00SignoffLinks
97
-Thanks for joining us for another episode of Breaking Bitcoin Market Update!
98
-Premium Trading Group.
99
100
BB Plug: Do you like listening to your amazing Crypto Info Podcasts?

Well you might want to check out the Breaking Bitcoin podcast!

Scott has had many sleepless nights and tiering days to put everythign together to offer you another way to listen to the show at your conveneince!

https://BreakingBitcoin.CrackingCryptocurrency.com and see the current past shows,

Right now Google Music and Google Podcast now showing up for 'Breaking Bitcoin', Stitcher, Spotify, PodBean seem to be live and working, and NOW ITUNES!

iHeart radio and a few more coming soon as they are approved!

Let us know if you have a favorite podcatcher you would like scott to add the feed to! Otherwise, you may be able to manually add it into your favorite catcher by clicking the RSS Feed (audio or video) links on the Breaking Bitcoin show page!

https://BreackingBitcoin.money!!!!

You can now say "Hey google, let's listen to the latest breaking bitcoin podcast!"
Loading...