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Cindicator. Why are we excited about its future and why you should take a note?

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There are few projects out there that have great use case for blockchain.  And very few that have use case for their tokens.

Cindicator meets use case for both blockchain and the tokens.

This project has been on our radar since its ICO stage.  The way the ICO was handled without pulling a pre-sale bull and giving opportunity to as many contributors as possible set this project in the right rhythm from the get go.

They run monthly contests for people to share their knowledge, as of this writing, there were 100,000 contributors on Cindicator platform.

How does Cindicator predict the future?

Cindicator gets its name from Crowd Indicator.  At the time of this writing, there are three layers that are fed into the Cindicator engine.

Human contributors are the first base layer of the Cindicator machine.  People, like you and me, can join the forces with 100000s of contributors by downloading the app and answering the questions that are posed on the app.  Based on the accuracy of your predictions you will get points and rewards during each cycle.

The data from these contributors is then clustered into various categories.

Second layer involves applying linear regression models to the data that is categorized from first layer.  There are about 20 models running at this time.

Neural network forms the third layer which works on top of the 20 models from the second layer.  Neural network continues to learn from the data that is spit out of these models and then apply machine learning (AI) that quickly sorts the accuracy.

Each prediction is compared against the result.  This information is then fed back into second layer and third layer to further the learning of the system.

A perfect meaning of hybrid intelligence, amalgamation of human intelligence, mathematics and AI based machine learning is what makes Cindicator unique.

How accurate is it?

We have to understand that Cindicator is still in early stages of collecting and collating data, algorithm is evolving each day and the neural network is just getting into gear.  Even in such an infancy, they had an average accuracy of (Between January 2017 and June 2017) over 49%.  Remember, June 2017 was about a year ago.  They are continuously updating the platform and adjusting it for the changing complexities and variables.

The predictive analysis tools that Wallstreet uses costs billions (yes, billions) and only spits out 40% accuracy.  Funny thing is, access to such information is centralized and is kept with big players only.  Cindicator is completely decentralized and gives access to data to token holders.

Rare access to Wall Street money

Recently, Cindicator announced that their CTO will be speaking at Tedx Fidelity event in Hong Kong.   While at the event, Yuri is scheduled to talk to the senior management at Fidelity.

This hints to what might be ahead of Cindicator.  As the Wallstreet players set their foot into crypto space, Cindicator will play a very vital role for these deep pockets.

While no one has ever even hinted or thought about this, we will go out of our limb and say Cindicator maybe one of the projects that could potentially be taken over by a big player and try to make its access more centralized.  Even if those that acquire Cindicator don’t centralize, if they can buy out the token holders one by one, there will be few that have access to the intelligence that Cindicator can offer and those that manage to keep their access may benefit along the lines of big players.  Of course, this is pure speculation from us, but it is not a stretch IF Cindicator delivers on their plans and emerges as the leader in the AI enabled predictive analysis space.

How does the Cindicator token gain value?

Cindicator offers access to the amazing market intelligence data based on number of tokens one holds.  These plans include:

A special mention is needed for Cryptometer 2.2: “The Cryptometer 2.2 measures prices across multiple exchanges to anticipate and detect early signs of cryptocurrency market volatility and provides you with real-time price movements on your selected crypto assets.”  Cryptometer 2.2 requires 1 million tokens and will be amazing tool to have at the disposal of those that are dealing in millions or even billions in crypto space or traditional stock space.

While there are 1.4Billion tokens in total, when the platform gains popularity, there will be so much demand to gain access to the predictive data that getting hands on token could prove rather expensive.

For instance, if we assume all the 1.4Billion are used up by each package then there can be only 280,000 Beginner packages (5000 tokens required) OR 46,667 Explorer packages (30,000 tokens required) OR 7000 Trader packages (200,000 tokens required) OR 2000 Expert packages (700,000 tokens required) OR 1400 Cryptometer 2.0 packages (1 Million tokens required) that can exist.  These are elite numbers when you consider how many individuals are already in crypto space and how many more will join this in the coming years.

If Cindicator’s predictions achieve more than 50% overall accuracy rates, these limited seats could create exponential demand for Cindicator tokens.

Where is Cindicator headed?

Once Cindicator achieves a reliable and consistent predictive analysis stature, they will introduce a direct trading integration on the Cindicator platform.  To be fair, this feature is already available for Cryptometer 2.0 token holders.

Imagine a time when a platform that can predict 50-70% or more accuracy starts auto-trading your funds and it wins most of the time.  It is like putting $1000 on auto-pilot and coming back to see that your funds have multiplied manifold in a matter of month.

Hypothetically, if you are given access to a platform that can turn your $1000 into $100,000 in a year, how much are you willing to pay for such access?  What if you are sitting on a billion dollars and want to throw a million to experiment with such a platform?

Think about those questions because those would be real questions that people and big players will be asking themselves in a very near future.  When that happens, things will get quite exciting for Cindicator in our opinion.

Of course, we are not saying this will happen today or not even in a year but it looks like a matter of ‘when’ rather than if, for Cindicator.

Caveat and conclusion

Of course, anything can happen in the crypto space.  There can come a project that is backed by a Fortune 500 giant with direct access to Wallstreet and unlimited resources and throw Cindicator out of water.  Or, their algorithm may be made redundant and is not as accurate as we thought it would be.    These and other risks that we may have not thought of might exist which could prove detrimental to Cindicator.

However, barring those pessimistic probabilities, we are pretty excited for Cindicator and the promise of bright future it holds in crypto space.

Whitepaper: https://cindicator.com/Cindicator_WhitePaper_en.pdf

App (iOS): https://itunes.apple.com/us/app/cindicator-earn-money-by-predicting/id1050619919

App (Android): https://play.google.com/store/apps/details?id=com.cindicator

Web Application: https://app.cindicator.com/

Buy upto price: Available at QRIP.  Access FB group to view.

The HODL period:  Available at QRIP.  Access FB group to view.

Anticipated gains: Available at QRIP. Access FB group to view.

CryptoTapas is an initiative of creators of QRIP group.  QRIP group is FREE to join.

Do your own research before investing. Crypto space is very volatile, don’t invest more than what you can afford to lose.  Opinion, not an advice.

Stay in touch with us at: | |

Sources:

https://cindicator.com/

https://www.youtube.com/watch?v=jvGcgpraPXU&utm_campaign=website&utm_source=Email&utm_medium=email

CryptoSpace

Crypto Roundup: All Your YouTube Influencers in One Place

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Crypto Roundup

Visit our Crypto Roundup section daily for a dose of all your favorite Crypto YouTube influencers in one place.    

Worried about missing updates from your favorite YouTube crypto influencers?  

Welcome to the Crypto Roundup.  

On this page, we will post a quick summary of the videos from some of the most popular YouTube crypto influencers.

Ivan on Tech  Altcoin Daily

Crypto Zombie Box Mining

Ellio Trades Lark Davis

Data Dash Bitboy Crypto

MMCrypto Chico Crypto

Altcoin Daily

Video title: Bitcoin Will Be OVER $20,000 By Christmas 2020! BIGGEST WEALTH SHIFT OF OUR LIFETIME! Cryptocurrency

Date: 19-Nov-20

  • World’s biggest wealth shift of our lifetime is happening right now and no mainstream media is talking about it, except CNBC.

  • Preston Pysh predicted on August 26th that: “Bitcoin should be reaching its all time high by Christmas.”

  • If you are looking to buy a dip, there may not be one.
  • Ricardo Salinas Pliego, a mexican billionaire, has just revealed that 10% of his liquid assets are into bitcoin.

Lark Davis

Video Title: STOCKS HIT NEW HIGHS! WILL COVID VACCINES LEAD TO MEGA PUMP IN 2021? [Are You Ready?]

Date: 19-Nov-2020

  • Stock markets and bitcoin pumps higher on the news of the second successful covid vaccine.
  • There could be more chances for the new stimulus. Means more inflation, more debt and simultaneously pumps stocks, gold and bitcoin.

Crypto Zombie

Video Title: BITCOIN $18.5k TOP!!?! DON’T BE FOOLED!! HODL FOMO BEGINS!!! $TRILLIONS FLOOD!!

Date: 18-Nov-2020

  • Overall sentiment of Bitcoin has changed drastically from ICO craze in 2017 to a time where people are FOMOing to own more bitcoin.

Ivan on tech 

Video Title: BIG WARNING TO ALL HODLERS!!!!!!!!! DO NOT GET REKT!!! BITCOIN $18,500 REJECTED – NOW WHAT?

Date: 18-Nov-2020

  • Ivan expects bitcoin to shoot past $20K resistance before end of this year, giving it 85% probability

Chico Crypto

Video Title: World’s Most Powerful Turn BULLISH on BITCOIN

Date: 19-Nov-2020

  • All those who hold big bags of Bitcoin will come out of the shadows to talk up the Bitcoin rally, a $20K bitcoin could be on the cards before the end of this year
  • Ethereum mining could act as a big catalyst for Ethereum’s price
  • Big companies like google could play a bigger role in mass adoption of crypto

Let the FOMO begin…

Thank you for reading and sharing this article. We appreciate you.

Stay safe and healthy!

Top 5 Cryptocurrencies 2020

IMPORTANT DISCLAIMER

Everything in this article is an opinion, not an advice of any kind. This material has been prepared for general informational purposes only and it is not intended to be relied upon as accounting, tax, investment, legal or other professional advice. Please consult with a professional for specific advice.

We do not endorse or guarantee the accuracy of the information and claims made.

All product and company names are trademarks™ or registered® trademarks of their respective holders. Use of them does not imply any affiliation with or endorsement by them.

Continue Reading

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Lessons from the Veteran HODLERS to the Newbies!

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Lessons in Crypto

For all those who entered the crypto market after the 2017 bull run – here are few lessons from the HODLERS from the last bull run(s).

This is our attempt at making all you newbies aware of the mistakes veteran cryptoers did.

Let’s get started…

Don’t FOMO in to all the hype

FomoIt’s hard not to FOMO in crypto.  The trick is to make sure you don’t lose your shirt in crazy bets.  Always limit your bets to what you are comfortable losing.

The common ways you can become victim of FOMO are:

  • Following your favorite YouTuber without actually doing your own research on the project.
  • Investing into projects at the top.
  • Believing in promises of 100x or 1000x without any substance behind those claims.

HODLing far too long

Remember why you are into crypto – to make the money.

Never fall in love with your crypto, and HODL the tokens even when they are 10x and more.

Have a strategy to take your capital out before you become a HODLer.  

If you believe the project really has what it takes to go beyond 100x and more, just sell in instalments so as to not miss the ride.

One of the best ways to HODL is to take your capital in full and profit in tranches.

This rekt story will give you a right perspective of what it looks like, it’s one of many:

Don’t put all your eggs in one basket

Never go all in on one project. No matter how strong the project may look, even the projects with strong fundamentals don’t do well sometimes. 

And, you will be kicking yourself watching other projects go up and your portfolio just doesn’t seem to make a move.

And don’t over do it and have a portfolio with over 100 projects either. It is very difficult not to have invested in more than 15 projects but anything less than 20 is a good way to go, in our opinion. 

Put aside the share of Profits for Taxes.

One way you can get a good night’s sleep is by paying taxes. 

Always keep a habit of putting aside a % of your profits in USDT or other stable coins, as a reserve to take advantage of market volatility and also to meet your tax obligations. 

Exchanges are more evil during bull run

Foreign ExchangesDon’t trust exchanges. Yes we already know that, but they play more games during bullrun, some intentional and some technical. 

Many exchanges tend to go under maintenance when the prices shoot up too high too soon (Coinbase?), and you can’t sell. 

And the shady exchanges scam out before you know.

Regulators seem interested when the market cap of these projects goes through the roof, which then adds FUD around the project crashing the prices.  

Exchange may freeze funds pending investigations when such issues arise.

Take for example OKEx. Users are unable to withdraw their assets from the exchange for almost a month now, not certain if they ever will, and all that started with the legal dispute.

Never fall for Arbitrage gains

Arbitrage is when you buy in one exchange at a lower rate and sell on the other for a higher rate to take some profits. 

Some shady exchanges show a lot higher prices than the other genuine exchanges and when you deposit your assets to sell at those prices there won’t be actual volume to execute the trade. You may be stuck with either a high fee for withdrawal or other funky rules to take your own money out. 

Remember, there is no free Giveaway

Free CryptoScammers rise with the rising market.  

When the crypto market buzzes with all time highs – scammers cash in big time on newbies.

The most lucrative scam in crypto is ‘Free Giveaway’. Whether it be through YouYube ads or discussion groups and wherever they can get your attention.  Read this article on various sophisticated scams that are being deployed.

We hope these lessons help you through your trades and crypto life.  Stay safe and always DYOR.

Thank you for reading and sharing this article. We appreciate you.

Stay safe and healthy!

Top 5 Cryptocurrencies 2020

IMPORTANT DISCLAIMER

Everything in this article is an opinion, not an advice of any kind. This material has been prepared for general informational purposes only and it is not intended to be relied upon as accounting, tax, investment, legal or other professional advice. Please consult with a professional for specific advice.

We do not endorse or guarantee the accuracy of the information and claims made.

All product and company names are trademarks™ or registered® trademarks of their respective holders. Use of them does not imply any affiliation with or endorsement by them.

 

Continue Reading

CryptoSpace

Crypto Roundup: All Your YouTube Influencers in One Place

Published

on

crypto news

Visit our Crypto Roundup section daily for a dose of all your favorite Crypto YouTube influencers in one place.    

Worried about missing updates from your favorite YouTube crypto influencers?  

Welcome to the Crypto Roundup.  

On this page, we will post a quick summary of the videos from some of the most popular YouTube crypto influencers.

Ivan on Tech  Altcoin Daily

Crypto Zombie Box Mining

Ellio Trades Lark Davis

Data Dash Bitboy Crypto

MMCrypto Chico Crypto

Altcoin Daily

Video title: The United States Just Brought Bitcoin into the National Conversation!! | Cryptocurrency in 2021

Date: 16-Nov-20

  • Former National Treasurer and the new US Senator Elected, Cynthia Lummis, said Bitcoin fits the bill as a good store of value as it is finite and limited, unlike the inflationary fiat currency.

  • Grayscale adds over 7000 more bitcoin in just the last 24 hours.
  • Just over 16% ETH staked for ETH 2.0 launch on Dec 2 2020.
  • Bitcoin Cash hard fork takes place tomorrow.

Crypto Zombie

Video Title: WARNING!!! BITCOIN 2017 BEAR FRACTAL RETURNS!!! BTC WORST CASE SCENARIO…

Date: 14-Nov-2020

  • Institutional money starts flowing into bitcoin.

  • Paypal goes live with its crypto trading platform for eligible customers. They have also raised the buying limits from the initially set $10,000 to $20,000 per week.
  • DIA, an DeFI Oracle provider, integrates with Polkadot.

Ivan on tech 

Video Title: BITCOIN WILL DO SOMETHING INSANE THIS WEEK!!!! -30% DUMP AHEAD vs $20,000 PARTY – Programmer

Date: 16-Nov-2020

  • Bitcoin could make a big move this week, either hit 20K or we may see a 20% to 30% drop
  • Chainlink partners with Etherisc to deliver agricultural insurance in Kenya.

Ellio Trades

Video Title: UNLOCKING $100 TRILLION? This low cap gem seeks to bridge CeFi and DeFi

Date: 15-Nov-2020

  • DeFI could be similar to the ICO craze in 2017
  • Low cap gem: AllianceBlock
  • AllianceBlock is bridging the gap between DeFi and CeFi
  • AllianceBlock Partnership with Orion Protocol and Chainlink.

Chico Crypto

Video Title: WARNING! An “EVIL” Entity Wants Control of BITCOIN…

Date: 15-Nov-2020

https://www.youtube.com/watch?v=45Ac-5y2ofg

  • 90% of Bitcoin’s mining pools are controlled by China based mining pools
  • As the value of bitcoin goes up – there is a threat of push to ‘control’ the network from China
  • Binance is looking to push through the 50% mining share and Chico believes this could be dangerous

Visit our Crypto Roundup section daily for a dose of all your favorite Crypto YouTube influencers in one place. 

Thank you for reading and sharing this article. We appreciate you.

Stay safe and healthy!

Top 5 Cryptocurrencies 2020

IMPORTANT DISCLAIMER

Everything in this article is an opinion, not an advice of any kind. This material has been prepared for general informational purposes only and it is not intended to be relied upon as accounting, tax, investment, legal or other professional advice. Please consult with a professional for specific advice.

We do not endorse or guarantee the accuracy of the information and claims made.

All product and company names are trademarks™ or registered® trademarks of their respective holders. Use of them does not imply any affiliation with or endorsement by them.

Continue Reading

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