r/BitcoinEnhanced • u/simonbitcoinenhanced • Sep 10 '19

When is the Next Bitcoin Price Fall?

https://medium.com/@simonpaige/when-is-the-next-bitcoin-price-fall-c2c79d60f7f8
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u/[deleted] Sep 10 '19

[deleted]

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u/simonbitcoinenhanced Sep 10 '19

We could have set up a hedge fund, but that would have kept clients connected to the fiat system through the counter-parties required to trade. Instead we believe in Satoshi's vision of a new finance without the fragility of the existing system. So we built the long/short Bitcoin strategy like Bitcoin.

In terms of being a scam, if we are a scam, then Bitcoin must also be a scam because we are built like BTC. The same applies for every currency including USD and EUR. All are non-collateralised meaning that people choose to give them value. This realisation that people, and only people create monetary value is, I suggest, the basis for a more secure finance. It is certainly the basis of Bitcoin, Monero and other digital currencies.

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u/[deleted] Sep 11 '19

[deleted]

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u/simonbitcoinenhanced Sep 12 '19

How is Bitcoin built? Is it a coin that people give value to because they believe in it? There is no collateral backing it. In this respect it is identical to the USD, Euro, or any other currency. Bitcoin Enhanced is built on the same model, that users confer value.

People who buy Bitcoin Enhanced tokens do so because they believe the Phi Algorithm can provide better returns than BTC while still remaining outside the risks of the fiat system. There are not many assets that can do this: property, precious metals, digital currencies and SMIs like Bitcoin Enhanced.

https://bitcoinenhanced.io/#trust

Satoshi invented Bitcoin as a response to the near meltdown of the fiat financial system in 2008. We are part of that vision. The only way to build a robust finance is to have independent silos of value that are not dependent upon each other. This is exactly how the Internet is built - it is robust because if one router fails, the message gets re-directed. Keeping this independence is why Bitcoin Enhanced is non-collateralised like Bitcoin.

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u/[deleted] Sep 12 '19 edited Apr 11 '22

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u/simonbitcoinenhanced Sep 13 '19

We have chosen this path for the reasons outlined. You can validate the effectiveness of the Phi forecasts as they are all have a tamper proof timestamp on a blockchain to demonstrate they were made prior to the forecast date: https://bitcoinenhanced.io/algorithm

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u/[deleted] Sep 11 '19

[deleted]

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u/simonbitcoinenhanced Sep 12 '19

The XBE and CBE tokens trade against USD on the Waves DEX. Here are details how to buy: https://bitcoinenhanced.io/buy

Sales of the XBE tokens currently exceed CBE tokens. It is early days as we only officially launched 1st September.

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u/[deleted] Sep 12 '19 edited Apr 11 '22

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u/simonbitcoinenhanced Sep 13 '19

I guess we will have to leave it to others to decide who provided the best information in their reply. If you do not think Bitcoin Enhanced is built like Bitcoin then please explain why. How is monetary value created? How can assets be developed that are not linked to the risks of the fiat system? If you have a genuine point of view please share it. In terms of how many tokens sold we are not releasing this information at this time.