Woo math

CoinDesk Daily is sponsored by  🍂 🍂 November 30, 2017 🍂 🍂 "Never think that lack of variability is stability. Don't confuse lack of volatility with stability, ever." ― Nassim Nicholas Taleb Got this from a friend? SUBSCRIBE HERE THE FEATURE Just 400%? Willy Woo's Magic Math for Insane Crypto Returns Willy Woo sounds like a high stakes altcoin gambler. He's often looking for insane 100x to even 1,000x gains, and he's willing to stomach the kind of volatility that could wipe out three-quarters of his portfolio's value over a couple of weeks. And while everyday investors might be bewildered by those concepts, it's not too surprising for Woo, given his background. While now best known for his innovative philosophies on cryptocurrency, Woo got his start in the trading world buying derivatives during the run-up to the 2008 financial crisis — he started shorting bank stocks right before the banks collapsed. And that experience gave Woo a pretty solid understanding of how to trade markets when they're at their most volatile. Read the whole story Tweet Share ⭐ COINDESK SPONSOR ⭐ Custody for your Crypto Assets Protect and secure your assets with itBit, a regulated Trust Company, and Custodian. With itBit, all assets are backed by regulatory capital reserves, and you can verify custody account balance and holdings 24/7 with personalized access and customer support. Learn More Wait, there's more: Questions of Regulation, Taxation Loom Over Crypto Investors As the world of cryptocurrencies and ICOs heats up, there are many lingering questions about how tokens will fit within tax and regulatory frameworks. Topped Out? Bitcoin Flirts with Bearish Reversal Bitcoin prices are taking a hit at press time, and could suffer a deeper pullback over the weekend, the price charts indicate. Blockstack Counterattacked a Phishing Attempt on Its ICO When phishing sites tried to con investors during its recent ICO, Blockstack used its tech expertise to turn the tables on the tricksters. Investors Taking a Risk Buying Bitcoin, Says ECB Vice President The vice president of the European Central Bank said yesterday that investors are taking a risk buying bitcoin at current high prices. More Devs, More Destruction: Another Zcash Crypto Ceremony Is Underway Amid criticism of its first security ceremony, zcash has made changes as it prepares for a fork. But has it done enough to silence the skeptics? Just 400%? Willy Woo's Math for Insane Crypto Returns High stakes altcoin investor Willy Woo has the math to back up his (at times turbulent) investment thesis. Crypto Corrupts the Youth? South Korea Prime Minister Says So Prime Minister Lee Nak-yeon reportedly frets about kids selling drugs and pyramid schemes while regulators draft rules for South Korea's exchanges. ICO Pros Call for Self-Regulation Citing SEC Risk The ICO community must self-regulate to lessen the blows likely to come from enforcement and regulatory actions, said speakers at Consensus: Invest. Bitcoin Price Falls $1,000 in Minutes to Drop Below $10k The price of bitcoin experienced a dramatic decline today at a time when many major exchanges were showing signs of stress from new interest. Bitcoin 'Ought to Be Outlawed,' Economist Joseph Stiglitz Says Bitcoin "doesn't serve any socially useful function," says Joseph Stiglitz, a former World Bank chief economist and adviser to the U.S. president. Tokenized Fund-of-Funds to Raise $100 Million Via ICO A new tokenized fund-of-funds was announced yesterday that aims to raise up to $100 million via an initial coin offering. China State TV: OTC Bitcoin Platforms May Violate Law Commentary on China's state television suggests a ban on cryptocurrency trading platforms may extend further than startups originally thought. Getting Started? Ether Sets New High Above $500 Ethereum's native token is trading at all-time highs, but signs suggest the market may be becoming overheated. Wallet Demo Showcases Lightning-Like Network for Ethereum A Liquidity Network founder has demoed how an ethereum wallet could function using a new off-chain scaling solution. Go to CoinDesk 👋 CoinDesk is Hiring 👋 Come join our great team here in New York City! Copyright © 2017 CoinDesk, All rights reserved. You're receiving this email because you subscribed for updates on our website. Our mailing address is: CoinDesk 636 Avenue of the Americas New York City, NY 10011 Add us to your address book Want to change how you receive these emails? You can update your preferences or unsubscribe from this list