Some thoughs about XRP (Ripples)

1. Is Ripple a scam?
If you invest, does it really matter for you what people are saying now? I'm more concerned what they will say few months or a year later.
"Buy When There's Blood In The Streets" Baron Rothschild

As nobody is going to a court against Ripple, I think people are motivated by two major reasons saying like this:
1) A similar reason as it was with Bitcoin in 2009-2010
2) Stock Bashing. Details are here: http://en.wikipedia.org/wiki/Market_manipulation

2. Ripple is not decentralized, so if something happens to RippleLabs it will cause a panic
Yes, Ripple is not fully decentralized, and this is similar to many alternative cryptocurrencies which have a central checkpoint aimed to resist 51% attack.

But think again about the cryptocurrencies. I know many examples when something happened to a development team (internal conflicts, external demotivators, etc.) and a coin was left with no support.

What will happen to Bitcoin if Bitcoin foundation suddenly disappear? Do you really believe Bitcoin will succeed in this case?

3. Ripple is 100% premined.
Compare it to QRK or MEC. These coins proposed equal opportunities for mining by everybody. BUT: Nobody knew they should waste their electricity to mine unprofitable coins because some big guys are consolidating and preparing a pump.

If somebody just created a coin, then he minied it hard before it was widely accepted, and then he started a promotion campaign and many other things to rise the price, would you treat it as premined? No! This is not premined. This is a complex pump-n-dump scheme.

In Ripple case, I think it's more fair. The strategy and the plans are well known. US-based company is behind of Ripple, so you can claim them if they lie.

Of course there are some risks, but imagine you buy/mine a coin which is unknown, and you don't really know any background. Which case would you find as more risky?

4. Have you seen riiplescam.org?
Yes, I have. And I'm thinking about their motivation to create this web-site, to pay for the hosting services. I think it's a bit more complicated than described in point 1.

They say: "It’s highly misleading and not what you think it is", "OpenCoin Inc dishonestly markets and presents Ripple as something that it isn’t".

I would question: Why they just don't claim to them?
It's a well know company. There are well known investors behind of Ripple including Andreessen Horowitz, Google Ventures, FF Angel IV, IDG Capital Partners, Lightspeed Venture Partners, Vast Ventures, and Bitcoin Opportunity Fund (see: http://en.wikipedia.org/wiki/Ripple_%28monetary_system%29)

Here in Russia and Ukraine we are very familiar to this kind of campaigns. All of them do have the only one goal: Money.

5. Why do you post this?
Okay, I haven't invested much into Ripple, only about 1 BTC as of 10th of December, 2013.
I haven't, because I'm not 100% sure I'm right in my decision.

But: I've learned many things about Ripple so far. And if I'm right, so If I see Ripple price is continuing to grow then I'm ready to invest more immediately.

Help to fight for the freedom in Ukraine

Guys, you probably know that some members of our team are from Ukraine!

In Ukraine it's illegal to have any funds abroad. So even if you mine or hold #Bitcoin s on any exchange you are a criminal.
In fact you have two options:
1) Risk and ignore the law in Ukraine – This is what the most of bitcoiners do
2) Obtain the license from the National Bank Of Ukraine – This is almost impossible if you don't have any friends there or money to buy them. And they are greedy and require huge bribes. So they take lots of your money before you even can't get them out of Ukraine.

Now we need your help to fight for the freedom in Ukraine.

There are already 114k signatures, but need more: https://petitions.whitehouse.gov/petition/impose-personal-sanctions-president-ukraine-viktor-yanukovych-and-cabinet-ministers-ukraine-members/h58Fz30V

This will push the president of Ukraine to open the financial borders in Ukraine and will help #Bitcoin businesses to arise!

If Ukrainians can't have any savings abroad, let's make sure the president of Ukraine also won't have any money abroad!
This is not only the case of Ukraine. Many post-USSR countries have the same problems due to their autocracy government.

How to short at Bitfinex.com using Limit Sell and Trailing Stop-Loss orders

While Bitcoin is going to a bubble zone, and many dummies are still sending their money to exchanges buying BTC, smart traders are already in BTC since $120 and they are looking for a moment to take profits.

Once they start taking profits, BTC growth will slow down and then as usual, we will see a double or tripple top with extremely high volume, before Bitcoin will go down hard.
I don't know how deep it will dive, it's unpredictable now, but markets always go down after they were pumped hard. Now Bitcoin market is still bullish but it's very late bullish stage.

So people probably will find this manual useful when the bullish market will switch to bearish.

Before reading this manual, please read

How to earn money using Margin Trade at Bitfinex.com

Also please read the DISCLAIMER. Beware trading is a risk. Shorting at bullish market while catching up the corrections is much greater risk than a regular trading.

But using short trades you can benefit on bearish market if you understand what you do.

1. Move some USD to Margin Trade page, in my case I use 1000 USD to go short. I'm doing this on the retracement to prepare this manual before the trend reversal.

2. Wait for a clear pattern of the bullish trend reversal. I usually use #doubletop or #trillpetop patterns and sell only after the second or third peak reached.

3. Go Margin Trade page and sell some Bitcoins slowly. Always use Limit order. Limit means you will only sell above the price you set. In my case I use limit sell order by 328.

3. If you see your understanding of the market conditions is right than sell more

4. If the price is still not going up on the 2nd or 3rd peak than sell more.

5. Just to show you my balance so far. When you sell, your unrealized P/L will probably be negative first due to the trading fee. It's the lowest at Bitfinex, 0.12% only. Your P/L will become green when price will go down.

6. Now it's time to set stop-loss orders. Always limit your losses. If you open your position at the right time and in the right direction it will go to profit zone fast. But if you are wrong, better let your stop-loss orders to limit your losses.

7. In my case I use Trailing Stop-Loss order by 3. It means that the price of stop-loss will be automatically determined by the exchange as the price of the latest peak + $3.  Current peak is at 328.79, so my stop-loss point will be determined by the exchange as 331.79.

8. Some transaction was executed at 328.5. Somebody set sell order at this level and it was bought. So now you see my Trailing Stop order has changed its price to 331.5. And because I see my understanding is right, I sell more.

9. Now the amount of my short position is 5 btc, which is 1640 USD. I have only 1000 USD on the balance buy I use a leverage.

10. I'm increasing my short position to 6 BTC (~1968 USD). So far it's not profitable yet as the price is not going down enough, but I'm calm because I have set a stop-loss order. But as you can see it goes down slowly and my stop-loss orders change the price.

11. Price is going down more.

12. And more.

13. My trailing stop-loss orders are already changed to 329 automatically. So now even if stop-loss orders will trigger I will be with small profit.

14. Price is going down more and my profit is increasing. My stop-loss orders are moving lower automatically.

So finally my stop-loss orders were triggered automaticaly and closed my short position with aprox. 3% profit.

I did this short to prepare this manual on a bullish market. But one day a reversal will come for sure and that time you may find this manual useful.

TRC major vulnerability fixed!

Tell this to everybody!
TRC major vulnerability fixed! https://github.com/terracoin/terracoin/issues/14#issuecomment-25087830 … Hashrate stabilized and grows!
TRC difficulty skyrocketed from 139k to 280k just in few days (http://www.coinwarz.com/cryptocurrency/coins/terracoin) as was predicted by the developer!

I have checked the network and it works fine. Blocks are generated, coins are moving fast.
I see the development team is active. They fixed the latest issue. The're redesigning web-site.
I believe TRC should recover after all the problems it experienced. The problems are gone.

If you missed BTC move from $120 to $300, consider TRC move from 46 to 130! And it will get there faster than BTC.
I already imagine what tweets I will post when TRC will reach 130 🙂 Something like "retweet if you followed" or "you are stupid if didn't buy it when I advised it so many times" 🙂

In fact TRC is already skyrocketing but together with BTC. My question is what will happen to TRC when BTC stabilizes?

TRC is a very useful coin. It already has many services supporting it: http://terracoin.org/services.htm

But now, somebody is pushing TRC down hard! A smart and rich guy has already realized that it's worth to buy now. TRC can double or even triple in value!

Somebody bigger than me is in the game now. He's already realized TRC price will recover. And he's doing a water torture for TRC holders.
I'm now watching what that guy is doing and learning 🙂 He's doing it in a very professional manner 🙂
Look how I see it: http://i.imgur.com/tRRfxVJ.png. Every move is clear 🙂

I have seen this many times. Now watch in the upcoming days all the sell orders will suddenly disappear and a big green candle will be formed

TRC is no more vulnerable to difficulty manipulation. It has the same safety as BTC except the hash rate. The development team team is active and ready to fix any issues. They have already proved it.

UPDATED: People are now switching their ASICs to TRC.
They mine it in solo mode and in bring more profit than TRC pool mining and than BTC mining.
So TRC is to be the next SHA256 coin for low end ASIC!

UPDATED: BTCE admins are talking about TRC & FTC delisting.
The screenshot from https://btc.penek.org/chatlog/

UPDATED 26-Nov-2013:
Oh my baby TRC! We have finally got there!

How to earn money using Margin Trade at Bitfinex.com

1. Read the disclaimer. And remember, trading is a risk.
Using this manual you can earn your money 4 time faster if you do it smart or you can lose your money 4 times faster if you don't understand what you do.

2. Why Margin Trade is better than a regular exchange?
– If you are in BTC, you still can buy Bitcoins if you expect the price to go up
– if you are in USD, you still can sell Bitcoins if you expect the price to go down
– you can make profit on both bullish and bearish market
– you can use 2.5:1 or 4:1 leverage at Bitfinex.com
– you can use automated stop-loss orders so you can sleep well if you have an open position

3. What is the difference between Margin Trade and a regular exchange?
With Margin Trade you don't buy Bitcoins for USD you have on your balance and don't sell Bitcoins you have on your balance.
Instead you use your balance as a guarantee and you buy/sell the funds you borrow. This allows you to use a leverage.
If you expect Bitcoin price to go up, you borrow USD and buy Bitcoins. Then the price go up and you sell your Bitcoins higher and return USD you have borrowed keeping the profit.
If you expect Bitcoin price to go down, you borrow Bitcoins and sell them. Then the price go down and you buy your Bitcoins lower and return BTC you have borrowed keeping the profit.

4. Some terms
Going long – buying Bitcoins and waiting for the price to go up
Going short – selling Bitcoins and waiting for the price to go down
Opening long position = BUY
Closing long position = SELL
Opening short position = SELL
Closing short position = BUY

5. How to start? Login to Bitfinex.com, deposit some money there and go to Margin Trade page

6. Check the charts and the orderbook, decide are you expecting the price to go up (go long) or go down (go short).

7. Decide your entrance price and the margin percent you expect to get. In our example we will go long starting from 117.25 and ending at 125 with x4 leverage. To do such trade you just have to have 0.5 btc on your balance.

8. Check the maximum leverage you want to use in your account settings. As mentioned, in our example we have 0.5 btc on balance and 4:1 leverage, so we can play with 2 btc volume.

9. Check your indicative rate as shown on the screenshot. You can also limit it. If the daily indicative rate is higher than your expected daily margin than it doesn't make any sense to open a position.

10. Submit Limit Buy order (Limit means you will only purchase at the specified price) and Stop order. Stop order is important if you were wrong in your estimation of the current market conditions. It will execute once the price reaches the level you set in the Stop order. We set stop loss at 115.

11. As a result you will see your orders bellow. Wait until your limit buy order executed.

12. Once your limit buy order is executed, you will see it in your active positions. You will also see P/L and Swap. P/L is the current profit or losses of your positions. Bitfinex calculates it automatically based on the orderbook. Swap is the interest you pay for your loan.

13. Then set up your sell order at your target price

14. After this you will only see your Stop and Limit Sell order at your active orders list.

15. Wait for the price to go up as you expect for your LONG position or to go down in your SHORT position.

16. Wait more 🙂

17. And more 🙂 Here if you doubt the price will go up more you can move your Stop order higher. So if the price goes back down your Stop order will close your position with the profit. However you can close your position any time you want pressing "Close" link.

As you can see we have made $10 with only 0.5 btc! It's 20% of profit!

We wish you successful trades!

And here are some rules we use (they may be useful for you as well):
1. Open a position only if you are sure (as much as possible) the price will move as you expect. Don't buy/sell too much if you are not sure
2. Never try to go against the market
3. Don't jump in on a big green candle – wait for the correction.
4. Don't buy on a big red candle – red candles come with friends
5. Better wait while the price has already started to go up before buying in order to be sure
6. Sell when the price has already started to go down after a big growth in order to be sure

SCAM WARNING: Do not lend any funds in twitter

I was suspecting @CryptoPumper in the beginning with his loan offers.
But I tried to test it with a small amount I'm okay to lose.

So I have lent 5 BTC to him with 20% of return. I didn't expect he will return actually. This is a very popular scam scheme.
Today I see he posted an offer with 45% of return for up to 80 btc. So I decided not to wait and to disclose this fraud today.

I tried to get my 5 btc back by offering him new 20 btc loan. And here you can see the screenshots of his messages.
I haven't got my 5 btc back but I'm not concerned with it.

I'm also observing @CryptoJack and @Altcoinpumper are offering the same suspicious loans. Be careful!

And be aware: Never lend money in twitter. In 90% this will be a fraud offer. So even you managed to get your money back it probably means that the scammer is just feeding you as a fish before the fishing.

And what to do if you have already lent money:
1) Don't hope they will return your money back. They will tell you many things: I'll return your money in 48 hours, I was scammed by someone else, …
2) If you are from US, EU, or Australia, contact police
3) if you are from Asia, former USSR countries, file the complaint here: https://www.ic3.gov/about/default.aspx

Remember that Germany recognizes Bitcoin as a currency and US court has also created precedent about that. PirateAt40 is going to jail now as he's taken real money.

I don't think they are so professional to maintain the anonymity in the internet. 99% they have kept some trails.
‏@RSGeeko reported his IP address. It appears to be 24.186.34.19 Optimum Online New York Mineola

And the latest update from @RSGeeko is that @CryptoJack actually controls @Altcoinpumper and @CryptoPumper account.

Find the screenshots proving the scam bellow.

How to buy Bitcoins with VISA in few minutes safely and with only 3% fee

1. Read the DISCLAIMER:

Use this manual on your own risk. I tested it and it worked for me, but there is absolutely no guarantee it will work for you.
I haven't verified this manual precisely so you have to be careful while following it.

This is not an offer or solicitation for investment advisory services, brokerage services, or other products or services. Any views expressed are provided for informational purposes only and represent only the opinions of Cryptorally team and should not be construed in any way as an offer, an endorsement, testimony, or inducement to invest.

All the information we use is obtained from Internet and from open sources. We do not have possibilities to verify all the information and links we use and post.
The only thing we can verify is that the link we post doesn't bring any harm to MacOS based PC if you click to the link.
It means we do not verify the page content neither the page download links.

The responsibility for the information and content of web-pages we post links here and tweet on https://twitter.com/CryptoRally is on the web-site owners.

Please do not download any software from the internet and do not install it to your computer until it is verified by antivirus software and tested in a safe environment. Do not pass your BTC-e and MtGox accounts and passwords neither API key to any application until it is 100% verified.

2. Go to https://liqpay.com and login with your phone number

3. Enter the password you get in SMS to this phone number

4. Go to "Link a card" menu and link your VISA or MasterCard here. LiqPay will withdraw a random small amount and will ask you to enter it to verify your card.

5. Go to MY LIQPAY > Top-Up LiqPAY Account menu and add money to your account from your card. Add 3% fee for Interkassa for the amount you deposit

6. Confirm the transaction

7. Then you should see your money on the balance

8. Keep LiqPay page open and login to btce.com and go to Finance page and press "Deposit" for USD, enter the amount excluding the 3% fee. Choose Interkassa.com method

9. You will be redirected to interkassa.com web-site. Choose LiqPay there and press Pay button.

10. You will be redirected to LiqPay site and you should see your phone number if the field bellow. Press "Send SMS" button

11. Enter the password from SMS you get

12. Confirm the payment

13. Confirm the payment again

14. You will need to press "Back to shop" button and you will be redirected back to Interkassa.com. Wait 1 minute and press this button

15. You will be redirected back to BTCE.com. You can see an error message but your money will be available on your balance

We do not pump, what we actually do

What does actually a pump mean?

When anybody's saying "I'm pumping", it usually means one of following, trolling, or being stupid to go against the market

What we do time to time is just showing a right direction to the market. We promote.
As we are not a charity institution, we try to buy before we start the promotion, but first we investigate everything about the coin.
We only choose undervalued coins and we never do this fundamentally to any coin that already has its real market recognition.

Then we announce what we have investigated to the market and we see how the market reacts.

Sometimes it happens that the market reaction is too intensive as it was to Fastcoin.
But sometime we see that our investigation results are too early for the market and this is what we see happening to CasinoCoin.

The only reason we buy sometimes above the market price is just to check the real resistance.

CasinoCoin campaign

First of all, that could be a very very good coin in the future!
And it's the most undervalued coin right now.

CSC global hashrate exploded from 20 to 80 MH/s in just few days and rising: http://csc.scryptmining.com

Right now there are only 2 millions of coins in existence and all the coins worth just $10k. So you just need 10 000 USD to buy all the coins!
Think about it! I can buy all the coins now! You probably can buy all the coins!

10 000 USD is completely nothing, it's not enough even for a single gambling web-site.

But! CasinoCoin is already supported by the gambling services:

• BitGrenade: http://www.bitgrenade.net/?coin_display=12
• Coin World Lottery: http://lotto.coinworld.us/CSC/
• Crypto Blackjack: http://cryptoblackjack.kicks-ass.net/index.php?coin_type=25

The problem of Bitcoin gambling services is that Bitcoin is too slow. When you gamble with an excitement you want to do you bets fast!

So here is my bet coming: http://betsofbitco.in/item?id=1700
It's under approval yet and this is why you can't see it yet. I expect it to be approved next week.

Here is the screenshot for you:

The reason I created this bet is to do not limit the promotion campaign just to twitter.
I expect a lot of visitors will see it and will be interested!

Join this bet once it's approved! If you join the promotion campaign and post a link to this article, you will make your bet happening!
The bet result will depend on how you will participate the promotion!

Previous Fastcoin promotion campaign raised its price x10 from 0.000025 to 0.00025: http://postimg.org/image/dzvup0953/
The problem was that there are lot of coins in existence and the inflation. But despite that many people made profit on this promotion campaign: http://postimg.org/image/gazm1h79t/

CasinoCoin has 1/7 coins in existence comparing to FST and the inflation of CSC is 1/2 of FST.
So I'm still buying this coin at 0.00005 and 0.00006, it's very cheap and my expectation that it can rise x20 to 0.0005 or even x30!

And CSC is fast. 30 sec. blocks comparing to 12 sec. FST blocks. It's not so fast as Fastcoin, but fast enough to be used in gambling services.

Fastcoin plan (postponed to next yeat)

First of all I have to say I like this coin!

Every time I deposit/withdraw coin from/to exchange I feel paranoid while waiting an hour for the confirmation.
Every time I buy bitcoins for cash I have to spend almost an hour!

Fastcoin does it so fast and so easy! Try it! It's fantastic! Less than 1 minute for a confirmation!
In addition Fastcoin is the only suitable coin to cover mobile payments. It's suitable for restaurants as you don't need to wait an hour while the restaurant gets all the confirmations.

But no emotions here. Just a comparison:

	Price	Max. Coins (m)	4 confirm	Promotion	Web-site	Store	Mobile App	Twitter followers	Facebook followers
FST	0.00005	165	48 sec	Good	Good	Soon	Soon	15000	1059
FTC	0.00089	336	7.5 min	Best	Good	Yes	No	269+71+221	193
PXC	0.00044	168	6 min	Some	Poor	No	No	20	2
CNC	0.00010	462	4 min	Some	Poor	No	No	25	?
CSC	0.00010	336	2 min	Some	Poor	No	No	?	?

This coin has a great potential.

I have already bought about 400k of FST and will buy more if it the price goes a bit down.
My partner owns about 100k FST.
My partner has 6000 Kh mining power fully dedicated to FST, so we mine 3% of all the coins.

We are going to hold FST for a long perspective as it can give 1000% of profit now.

And here is the plan we offer to public:
1. Buy FST now when it's cheap
2. Hold it. We expect it will reach 0.0004-0.0005 by the end of August, when Fastcoin store and Mobile App are available
3. Promote it! Post messages in BTCE chat, in your twitter.
4. Push BTC-e support to add Fastcoin, just ask them to add it! They will do this if there will be many people asking.
5. When Fastcoin is on BTC-e its price can easily reach 0.002 (2 times more than current FTC price)

Don't underestimate the power of a word!

In addition we will be arranging some giveaways for Fastcoin promotions soon.

Sincerely yours,
Cryptorally!

Fastcoin web-site: http://www.fastcoin.ca
Fastcoin specifications: http://www.fastcoin.ca/specifications.html
Fastcoin store soon: http://www.fastcoin.ca/fastcoin-store-coming-soon.html
Fastcoin exchange: https://www.cryptsy.com/markets/view/44