Is Bitcoin in a Bubble? - Fact / Myth

New to COSS? Check this out!

About myself: I am a crypto enthusiast just like many of you and I am very passionate about what I do. As many of you are new to the crypto space, it is like the Wild Wild West. I will list out a few points about the good, the bad, and the ugly.
(Update 1-11-2018) New engine update - Fast loading time! The team resolves problem lightning fast!
(Update 1-12-2018) UI Round #2: https://i.imgur.com/fXKOZde.png
(Update 1-17-2018) COSS team is aware of the limit order issue and has refunded everyone's losses during the 5 hour trading period. To compensate for the loss, COSS will allocate 100% of fee split for the next two weeks.
General FAQ
Q. What is COSS?
A. COSS stands for Crypto-One-Stop-Solution and represents a platform, which encompasses all features of a digital economical system based on crypto-currencies, e.g.: website payments, seller tools, a marketplace, financial modules, e-wallets, coin facilities, a mobile platform for iOS and Android (and this list can be extended in the future). The full spectrum of the COSS services is available on www.coss.io.
Q. What are COSS Token(COSS)?
A. COSS Token are the Exchanges ERC20 Tokens. They generate COSS Bonuses, which sit within the smart contract. As of now, 50% of the revenue is shared with COSS token owners. See my calculations below. If there are any questions or corrections needed, please feel free to PM or reply to the post and I will adjust it.
https://docs.google.com/spreadsheets/d/11Q8w-kziVT61BUPr8qOECW6fFLCFT9eQxlvQ1hfaFgg/edit?usp=sharing
(Update) - see this page for calculation: https://www.cosscalc.com/
Q. What are the fees on COSS?
A. All users start with a standard trading fee of 0.2% and as trading volume increase, the fee gradually declines to as low as 0.04%. See terms and conditions: https://coss.io/terms-and-conditions COSS Analysis / Review
For the newcomers to Bitcoin/Cryptocurrency, I like security tokens. I like them a lot. There are not many of them around. A big chunk of this space looks like the South Sea Bubble, where investors were promised great returns on projects that were too impossible to make happen.
The interesting thing about crypto is that it is software. In software, it is easier to make the impossible happen. It's truly yesterdays dream are today's reality. Right now exchange released tokens are pretty hot, Binance has BNB (not a security), Kucoin has Kucoin Share (does share on profit), and Cobinhood (does NOT share on profit). The explosive price increase on these tokens makes sense to me as these are real products with real users, real profits, and real traction. As larger exchanges are closing registrations, I'm expecting to see more people using these smaller exchanges.
How advanced is the project? [The Good]
COSS was created back in May 2016 and since then, the COSS platform has been developed and registered in Singapore as a company. In April 2017, COSS launched their exchange beta. The volume was not significant Q4 2017. The platform had big ideas, however COSS aimed to accomplish too much with their limited resources. For example: COSS aimed to become a one-stop platform including exchange, payment system, merchandising and so forth. Until recently, they have finally decided to move forward by focusing on the exchange.
That being said, COSS has strong growth potential with increasing daily trading volume and market cap and will eventually be noticed once their platform is fully functional. Key exchanges are struggling to keep with the scaling of new users to their platform. Binance has closed off registration to new applicants for several days and reopened on January 7, 2018. Bittrex has major customer support issues with no apparent end in sight. Other midcap exchanges are struggling to keep up as well. Additionally, a lot of users are avoiding KYC exchanges to avoid possible tax penalties. Underdogs (like KuCoin, Cobinhood, 0x etc.) have experience significant surges in value in the market in recent months.
The latest development is that they have released their new UI and strengthen performances within their exchange.
See link: https://pbs.twimg.com/media/DTGqvC6U0AEn7jC.jpg ||| https://pbs.twimg.com/media/DTGqvDNU0AM5C0z.jpg COSS Exchange Performance Issues [The Bad]
First of all, for newcomers, the major tokens such as Bitcoin and Ethereum is experiencing network congestion. Confirmation takes much longer to handle. Secondly, with political factors from china, mining has been banned, pushing miners to move/phase out of China slowly. This will affect the transaction process as well, at least it will show in the near future. Lastly, they are using 3 types of wallets: HOT, WARM and COLD Wallets. For security reasons, the deposits and withdrawals take a much longer period of time as per the confirmations of the blockchain.
Risk association with security law [The Ugly]
If a token is backed by an asset or has an expectation of profit, it is classified as a security. If the tokens are owned (meaning You, the Token Hodlers) by US, Canadian, or other persons in non-crypto-friendly jurisdictions, they are in violation of securities laws. Thus, if you issue a security, regardless of where you are domiciled, you need to permission your blockchain such that US/Canadian/Other investors cannot hold them, which would require KYC vetting as a prerequisite for each address on the network. If you violate securities, there is risk -that is my point. Regulators have shut down companies that violate laws and will continue to happen for issuers that attempt to circumvent securities law (e.g. PlexCoin). For this reason, the regulatory risk is too high for this class of investors. The issuer could get creative and use nested smart contracts to facilitate the distributions, but keep in mind this doesn't mean the issuer is compliant, even if smart contracts are immutable.
I hope this post helps you understand COSS Token a little bit more. Enjoy the crypto roller coaster and be careful with your investments. HODL!
Disclaimer: This is not a trading advice. I am not associated with COSS in any way. I am just an average Joe trader much like everyone else. I am maintaining some positions in COSS because I believe it is going to do very well given the amount of effort the COSS development team has put in and the growth it is experiencing.
submitted by noobpudge0 to CossIO [link] [comments]

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South Sea Bubble In 1711, Britain was £9,000,000 in debt and the government was dissatisfied with the services of the privately owned Bank of England. South Sea Company, thus named for its monopoly rights for trade between Britain and South America, was devised as a scheme to consolidate the debt whereby all debt holders would surrender it to the company in lieu of shares. We have had Tulip Mania, the South Sea Bubble, the Dot-Com Crash, and the 2008 Housing bubble. Now, we are potentially heading towards the ‘Everything Bubble’ — but does this include Bitcoin? The global economy is currently on tenterhooks. Central banks and the United States Federal Reserve are doing all they can to encourage spending and stimulate growth — but the overwhelming ... So yes the .com bubble is one to keep in mind (it is very relevant, especially long-term), but let’s throw out the insulting tulip futures bubble or South Sea bubble metaphors (that imply there is no worthwhile asset here). Bitcoin and some other cryptocurrencies are solid concepts, it is what is happening around them (not the coins themselves) that should be the concern. Bitcoin (BTC) and other virtual currencies have experienced an important bull run during 2017. At the end of the last year, Bitcoin reached $20,000 after starting the year close to $950 dollars. Because of this reason, several experts and financial analysts called Bitcoin and cryptocurrencies a bubble that could explode at any moment. The famous South Sea Bubble of 1719 to 1720 is often described as a sophisticated Ponzi scheme where old investors were paid high dividends not from operations but from new stock issuances with the hope of higher prices at future issuances (Hutcheson , Temin and Voth ). Binance.US looks to be far more limited than regular Binance, with only Bitcoin, Ethereum, Ripple, Bitcoin Cash, Litecoin, and Tether trading available to start. Further, Binance.US will require identification information to sign up in order to comply with regulations. The bank issued a chart analyzing bitcoin with great financial manias: the Mississippi Company and South Sea Company in the 18th century, gold, the U.S. stock market in 1929 and the Dutch tulip bubble in 1637. The researcher stated, the chart shows that the bitcoin bubble has the most significant asset price appreciation by a notable margin. At ... Bitcoin could be an even bigger bubble than tulip mania, the first recorded economic bubble, economist and author Jim Rickards has warned.. Speaking to Business Insider, he said: “Personally, I ... Bitcoin and the South Sea Bubble. The South Sea company turned out to be a Ponzi scheme. Established as a private-public company to consolidated national debt, the company offered a monopoly to trade with South America and the nearby islands. However, the company had no realistic plan on how to do the trading and guarantee the rights it sold. Moreover, the company spread misleading and ...

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IS BITCOIN RECESSION ? or hope remain - CRYPTOVEL - YouTube

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