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    Cryptocurrency Daily General Discussion - November 20, 2017

    November 20, 2017

    Cryptocurrency Daily General Discussion - November 20, 2017

    Daily General Discussion - November 20, 2017

    Posted: 19 Nov 2017 10:05 PM PST

    Welcome to the Daily General Discussion thread!

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    • Breaking news should be posted separately from this thread.

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    submitted by /u/AutoModerator
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    Theme Contest Winners

    Posted: 19 Nov 2017 04:24 PM PST

    Theme Contest Winners

    Greetings holders. We're pleased to announce the mod team has finished voting on all the submitted entries for the theme contest and the winners have been selected. Obviously, there was a disparity in participation between the theme contest and the banner contest. The meager level of involvement might have been due to an increased challenge. People with CSS skills are probably harder to come by then people with graphic design skills. If that's the case, these volunteers deserve even more praise. Regardless, there's no doubt the few and exceptional contestants we had put plenty of time and effort into designing these themes and we want to give our appreciation and thanks them.

    So without further ado, here are the winners:

    1st place: u/Grily - entry

    2nd place: u/cellode - entry

    3rd place: u/shy - entry

    Also, thank you to u/Elderguard(entry) and u/trust_me_im_OPs_Mum(entry) for participating.

    No donations were collected from the community and only a few mods offered to donate. The prize money has been allocated in the same manner as last time. To assist with upgrading r/CryptoCurrency to the new theme as well as maintaining our stylesheet, u/Grily and u/cellode(backup/assistance) have been added to the mod team.

    Congratulations to our winners!

    Going Forward

    The new theme probably won't be pushed to the main sub until Wednesday at the earliest. Also, the latest word is it will take at least two weeks to rebuild the current ticker into the one on r/CryptoFever. It looks like the existing ticker tape will stay with us for the time being.

    Since there was a market reaction from the community over our top banner choice, we will allow feedback from the community in choosing which banner to implement in the new theme. You will only be able to choose from the top 3 winning banners. To help make your choice, u/Grily made screenshots of all three banners in both light and dark versions of his theme, see here. Please choose your banner by stating the name of artist, see this thread for help.

    Our next project on the horizon will be a recruiting campaign. We haven't decided on how we will carry out this endeavor, but we will make a decision soon. Stay tuned.

    Thank you for your attention.

    submitted by /u/CryptoCurrencyMod
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    Binance Adds $NEO/USDT and NEO/BNB Trading Pairs

    Posted: 19 Nov 2017 07:51 PM PST

    Does anybody miss when this sub was full of real discussion about cryptocurrencies, and not just a place for people to spam and pump their shitcoin of the week?

    Posted: 19 Nov 2017 10:40 PM PST

    Shady business of BitPay, buy $29 game on Steam, BitPay cancels transaction which took 2.5 hours to confirm, stating it is underpaid by 3 cents, refunds ~50% of money.

    Posted: 20 Nov 2017 02:13 AM PST

    Bitfinex/Tether must prove Solvency - Refuse UDST/Bitfinex

    Posted: 19 Nov 2017 11:25 AM PST

    There is a large amount of community concern with the legitimacy of Tether and the connection to Bitfinex. Most people have suggested launching investigations into the two, but lets be real, we are an unregulated community, so no authority is going to investigate in the near future.

    The Solution:

    The community as a whole has to demand that Tether and Bitfinex prove Solvency of both the exchange and the coin. We need to refuse to transact in USDT and refuse to transact on Bitfinex. What this means is take all of your trading to another exchange, and get rid of all of your Tether (I understand that in order to get rid of Tether someone else has to buy it, but I would recommend not being the one buying/holding it).

    If we want this company to prove legitimacy and solvency we must STOP USING THEIR PRODUCTS. The crypto community has enough troubles between Bitconnect/Scam ICOs/the Public Media with proving the legitimacy of crypto that we don't need true fraud occurring on one of our biggest exchanges. Yes if we prove that Tether/Bitfinex have been printing USDT without USD backing it will hurt the community in the short term, but it will ultimately prevent a bigger disaster in the future. And if they are able to prove solvency/legitmacy it will reduce skepticism, which we all know, we don't need any more of that.

    submitted by /u/SgtDignam
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    My Alt portfolio.

    Posted: 19 Nov 2017 03:49 PM PST

    Confido just deleted everything proving their existence

    Posted: 20 Nov 2017 03:21 AM PST

    For people who don't know... Confido had a crash of 90% of their value last night after posting that they would halt the development of the project after a legal issue they didn't specify.

    Their Reddit and Twitter where full of angry investors. Do they took them down, along with their website.

    I guess it was a scam after all...

    submitted by /u/jolurove
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    Let's help Vitalik.

    Posted: 19 Nov 2017 02:05 PM PST

    NEO announces coding competition. Sign up starts today!

    Posted: 20 Nov 2017 12:23 AM PST

    POWER LEDGER in top 10 Australian startups for 2017!!

    Posted: 19 Nov 2017 10:12 PM PST

    It is my birthday & this is how my wife surprised me!

    Posted: 19 Nov 2017 02:59 PM PST

    1 in 1000 of all the money and wealth on Earth is now cryptocurrency, which only emerged 7 years ago.

    Posted: 19 Nov 2017 09:58 PM PST

    The cryptocurrency market today is $250b, and the total wealth of the world in 2015 was estimated to be $250trillion by Credit Suisse in their annual global wealth report.

    https://publications.credit-suisse.com/tasks/render/file/?fileID=F2425415-DCA7-80B8-EAD989AF9341D47E

    submitted by /u/987654321234567
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    To those that bought IOTA two weeks ago

    Posted: 20 Nov 2017 01:08 AM PST

    IOTA OKCoin event in Beijing

    Posted: 19 Nov 2017 10:36 PM PST

    Power Ledger heading to India

    Posted: 19 Nov 2017 07:24 PM PST

    NEO's Malcom Lerider: "we will present something new tomorrow"

    Posted: 19 Nov 2017 07:33 AM PST

    �� Congrats to Power Ledger team. POWR reached $200M market cap and gained 600% since the ICO!

    Posted: 20 Nov 2017 02:42 AM PST

    Lessons & Reminders When Investing

    Posted: 19 Nov 2017 03:12 PM PST

    Cryptocurrency and the market surrounding it is all the rage right now. It's exciting and volatile, yet dangerous and high risk. Additionally, it seems as though a lot of the younger generation are getting involved alongside the older. I am part of this younger generation, and am a little concerned about the risks that the majority of you (we) are taking with our investments/speculative investments. I wanted to write this to stir up a little bit of needed discussion and to highlight some valuable insights and reminders for when we participate in markets like these.

    I've been skimming through "The Intelligent Investor" by Benjamin Graham for the second time, and can't help but realize that the insights provided in this book are all the more relevant today. This is a book that Warren Buffet picked up and read thoroughly when he was nineteen years of age, and has up until this day stated that it is "by far the best book on investing ever written." Now, don't get it twisted, just because the beloved Warren Buffet has endorsed a book, doesn't mean you should take everything in it to heart. At least I haven't. But there are extremely valuable insights in this book that I want to share with everyone who hasn't had the luxury of reading this book.

    "It has long been the prevalent view that the art of successful investment lies first in the choice of those industries that are most likely to grow in the future and then identifying the most promising companies in these industries."

    Surely, the cryptocurrency market is the most exciting market to exist since the boom of the internet. However, only the lucky and skilled have survived that dot-com bubble with satisfying financial gains. Even the most promising of companies in that time have failed. We have to understand that for 95% of the current projects in this space, investments are speculative and dangerous. Just because your buddy's buddy's dad's friend from Tokyo has had enormous success with risky investments in cryptocurrency, doesn't mean that you should take similar risks with your savings when you are not financially viable of doing so.

    This is a new space of technology and you should be thankful that you are here this early to witness a potential revolution. This does not mean that you should rush into investments and spend money on ICOs just because there is a 15-page whitepaper written surrounding potential ideas.

    Be smart. Be intelligent with your investments, and do your own research. Do not follow hype, and practice a little bit of chart reading- look at the all time lows and highs. Do not day trade if you are inexperienced unless you are happy with losing money. Don't let yourself get emotionally attached to these investments, and have patience. I am so tired of hearing about these enormous losses people are having with their investments- it's very saddening. A lot of us are average Joe's hoping for extravagance.

    This topic of discussion is not new, but it needs to have prevalence.

    Let us be reminded of Graham's guidelines of investment:

    • You must thoroughly analyze a company, and the soundness of its underlying businesses, before you buy its stock;

    • You must deliberately protect yourself against serious losses;

    • You must aspire to "adequate," not extraordinary, performance."

      Furthermore, "An investor calculates what a stock is worth, based on the value of its businesses. A speculator gambles that a stock will go up in price because somebody else will pay even more for it."

    There needs to be emphasis on the legitimate value of a company, not the market price of it's stock.

    But I won't sit here and preach quotes from a singular book all day- I just want to promote positive discussion regarding the safety and value of our investments.

    With this being said, I have single-handedly witnessed millions of dollars be thrown away by this community, by the likes of scammers, poor investment decisions, emotional turmoil, etc. Please, if you've read this far, triple check your URL's, purchase a hardware wallet when handling more than $1,000 in cryptocurrency, do not click on Google AdWords links, do not click on links from personal messages, do not publicly announce that you're heavily invested, and do not let your emotions get the best of you.

    I'm just a young kid. Some of you have 100-10,000x more invested than me, yet I see some of you fall prey to these negative disturbances in the market. It kind of hurts, and for some reason, a lot of us will not learn until tragedy strikes.

    Stay safe, and I hope you prosper. Cheers.

    submitted by /u/usuallyrealistic
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    Come-from-Beyond (inventor of full Proof-of-Stake and co-founder of IOTA) once and for all prove he is BCNext after 4 years of speculation

    Posted: 20 Nov 2017 03:08 AM PST

    Hong Kong Banking Services Clamping Down on Bitcoin Companies

    Posted: 20 Nov 2017 01:46 AM PST

    Bitcoin $8,000!!!

    Posted: 19 Nov 2017 10:08 AM PST

    IOTA Mixer v1 Released

    Posted: 19 Nov 2017 02:15 PM PST

    Investigating Power Ledger

    Posted: 19 Nov 2017 11:50 PM PST

    What is happening with Power Ledger right now?

    Posted: 19 Nov 2017 10:38 PM PST

    It is going insanely high! Any particular reason?

    submitted by /u/yunginvest
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    Gladius adds Jim Brinksma and Dori Harpaz

    Posted: 19 Nov 2017 04:31 PM PST

    100 cryptocurrencies described in four words or less

    Posted: 19 Nov 2017 07:50 PM PST
    Read more
    at

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