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    Cryptocurrency Daily General Discussion - November 28, 2017

    November 28, 2017

    Cryptocurrency Daily General Discussion - November 28, 2017

    Daily General Discussion - November 28, 2017

    Posted: 27 Nov 2017 10:05 PM PST

    Welcome to the Daily General Discussion thread!

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    submitted by /u/AutoModerator
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    Bitcoin Price Hits $10,000

    Posted: 28 Nov 2017 03:21 AM PST

    When my friend asks me which coins to invest in

    Posted: 27 Nov 2017 12:29 PM PST

    IOTA Foundation partners with Lattice80, the world's largest FinTech Hub

    Posted: 27 Nov 2017 11:24 PM PST

    People are talking about staying up to watch BTC reach 10k

    Posted: 27 Nov 2017 10:22 PM PST

    Meanwhile I'm here thinking when the fuck am I ever going to sleep again since I got into crypto.

    submitted by /u/rben69
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    Let me regale you the story of Modum (MOD)

    Posted: 28 Nov 2017 12:42 AM PST

    TL;DR; Modum has been artificially surpressed by a whale on Binance for the last month but with volume picking up and an announcement by the CEO on 11/30, the whale is finally gone and we're seeing a strong rise in price

    What is Modum?

    Website: https://www.modum.io/

    Modum is a Swiss startup that provides data integrity for supply chain operations powered by blockchain.

    We have developed sensor devices that record environmental conditions while physical products are in transit. When a change in ownership occurs, the collected data is checked against a specific smart contract in the blockchain. This contract validates that the transaction meets all of the standards set out by the sender, their clients, or the regulator and triggers various actions: i.e. notifications to sender and receiver, release of goods, payment.

    What's this manipulation about?

    Over the past month we in /r/modum_io/ have noticed a whale consistently putting up giant sell walls whenever MOD price rises https://www.reddit.com/r/modum_io/comments/7ewswj/this_guy_has_been_single_handedly_controlling/

    This is a market manipulation technique to take advantage of low volume tokens. You keep taking 10-20% profits and over time you make a lot of money and accumulate a lot of tokens.

    Undoubtedly this has pissed a lot of investors off but you also gotta think, the whale is accumulating for a reason. The whale wants it to moon too.

    What changed? Volume has 4X'd

    Take a look at the volume chart https://i.imgur.com/I1FoWpD.png

    In the past day we've 4X'd the average volume trading $8M volume on a $43M market cap coin.

    This has proved to be too much for the whale and it's most recent wall of 200K MOD has finally been brought down (most likely removed) for the past few hours

    Since then, technicals have been looking good and we're steadily rising with strong buy limits on both the BTC and ETH pair on Binance

    https://www.binance.com/tradeDetail.html?symbol=MOD_BTC

    What's happening on Nov 30th?

    The new CEO, Simon Dössegger, will be providing the first of regular monthly updates https://modum.io/meet-simon-our-ceo/

    Many speculate that there will be an announcement of the first integration with a leading Swiss logistics company https://www.reddit.com/r/modum_io/comments/7fip30/modum_system_is_being_integrated_into_the_leading/

    Even if there is no announcement on Nov 30th, Dec or Q1 2018 should be the release of their first product line of sensors according to their roadmap https://www.reddit.com/r/modum_io/comments/78os54/modumio_milestones_roadmap/

    How should I trade this?

    As the old saying goes, buy the rumor sell the news. It's still early enough to profit immensely from the run up in the next few days

    MOD has the perfect maelstrom of artificially suppressed price, increasing volume, and alt renaissance as BTC FUD is over and it's stabilizing a bit

    You know what that means ┗(°0°)┛

    submitted by /u/darkally
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    Pump and Dumps? Bittrex Exchange Says Not On Their Watch

    Posted: 28 Nov 2017 01:08 AM PST

    [MOD]: 1st major project update since Modum's inception will be published on Nov 30th from CEO Simon Dössegger.

    Posted: 28 Nov 2017 01:54 AM PST

    As announced back on Nov 10th by Communications Officer Thilo Schweizer in the Modum slack:

    https://www.dropbox.com/s/of2298gidgu82zw/1A.png?dl=0

    Thilo said, "The monthly CEO update will include information for token holders from which they can build their own model to derive the value of the token. It is not clear yet to what extent we will include potential revenue or costs numbers as doing so would require a lot of resources."

    Link: https://www.dropbox.com/s/7p3lpaix6vcoiby/1B.png?dl=0

    In other words, although Modum won't actually give us figures for anticipated profits (since it might be illegal), they will in fact give us numbers such as what they will charge, their clients and the amounts of shipments anticipated, allowing us to do simple math to generate profit models ourselves.

    Speculation:

    This update will likely answer a lot of questions and trigger a break-out in MOD's price action, especially because this is the first major update published by the company since the ICO.

    BTC is geared to correct at $10k and the total market cap for crypto-currency is at an all time high. There couldn't have been a better time for this update.

    Also, there's a reddit/slack AMA around the corner:

    https://www.dropbox.com/s/p98jc2p8hb1ekvy/1C.png?dl=0

    submitted by /u/InNeedOfRedemption
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    In a bubble? Not yet..

    Posted: 27 Nov 2017 12:23 PM PST

    Non crypto youtuber isn't making Jack shit in ad revenue so he's misleading his viewers who don't know what bitcoin or crypto is into using Bitconnect. This fucking angers me.

    Posted: 27 Nov 2017 04:51 PM PST

    Qash being listed on Bitfinex, Binance and Bithumb

    Posted: 28 Nov 2017 12:57 AM PST

    READ THIS FIRST PLEASE!

    My goal here is to make you aware of the project. I couldnt care less if you invest or not, its going to attract institutional money just like Ripple did. (Softbank, Goldman Sach, Morgan Chase, PWC, VISA, Forex brokers - all these companies are strongly tied to this platform)

    Qash is also being referred as the bankers coin. Qash has solved the biggest issue for crypto to go mainstream, it lets users buy crypto from all over the world with the currency of their choice. Its implenting the worldbook on all the major exchanges and giving users the best possible price. Its regulated by the Japanese government, which makes the project even more impressive.

    How Qash describes its project:

    'LIQUIDITY, the lifeblood of every industry, is the single most important element lacking in the crypto economy today.'

    The only available resources of liquidity are siloed across:

    • Developed markets that have standalone exchanges operating in closed pools of liquidity, which are not available to non-residents.

    • Emerging markets which are underserved with illiquid local currencies that must interact with bigger liquidity pools to utilize crypto tokens in their home currencies.

    Solution: LIQUID Platform

    QUOINE is launching a single globally-sourced trading platform (World Book) with an associated suite of services (Prime Brokerage) that brings together the entire global network of cryptocurrency exchanges to enable the highest level of liquidity to all markets.

    Do a quick research on their team/background and you will be impressed. One of founders of Qash is Mike Kayamore; former Vice President of Softbank.

    Qash will be listed is now trading on Qryptos but will soon be listed on major exchanges such as Bitfinex, Binance and even Bithumb.

    Japans Richest man is one of the Qash investors; link below has a quick breakdown of Taizo Son.Mike Kayamore and Taizo Son both mentioned in the article below.

    Ladies and gentleman, this is one of the biggest projects crypto has witnessed and is exactly what we need to get crypto mainstream. Financial institutions are getting involved with Qash and will make this a multi billion marketcap very soon.

    DYOR and let me know below what you guys think.

    Coinmarketcap hasnt updated yet but as soon as they do Qash will most likely end up in the top 30 instantly. And again it will be listed on Bitfinex Dec 1st and is now available on Qryptos.

    Sources:

    http://blog.bitfinex.com/announcements/bitfinex-quoine-partnership/

    https://liquid-qash.zendesk.com/hc/en-us/articles/115013595687-Which-exchanges-can-I-trade-QASH-

    https://www.youtube.com/watch?v=wUa80idlxY4

    https://news.quoinex.com/articles/elusive-billionaire-taizo-son-is-an-investor-of-quoine/?lang=en

    Disclosure: The original text was posted here yesterday by someone and he deleted it, I got so impressed by the project that I tried to re-create it.

    submitted by /u/dttsomh
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    IOTA is up 40% and still rising!! Here is how to buy it.

    Posted: 27 Nov 2017 05:32 PM PST

    Waltonchain Introduces Guardian Masternodes

    Posted: 27 Nov 2017 12:05 PM PST

    In just over a week, Waltonchain will celebrate its 100th day of trading on Binance. Our hard work and long hours have led to many notable achievements including award-winning innovations and support from local governments in China. While we are very proud of our work, we are also tremendously humbled by the continuous commitment, enthusiasm and support we have received from the Waltonchain community. It is a great honor to have you all by our side.

    Our 100th day of trading falls on December 5th, and to mark the occasion, we are rolling out our Guardian Masternode program. These super-class Masternodes represent the greatest level of seniority achievable. Exceptionally high performing Guardian Masternodes have the opportunity to unlock even higher levels of rewards. These Guardian Masternodes will stand as the exemplars for the Waltonchain vision for VIoT. The incentives that come with running Guardian Masternodes will ensure that they remain the base of our blockchain, always on and guarding the chain from malice, now and in the future.

    Guardian Masternodes:

    • Are the most senior of Masternodes that WTC token holders can attain.
    • Stabilize the network using Proof of Work.
    • Can permanently enjoy the lowest mining difficulty and highest reward rating of any Masternodes.
    • Are rated based on a calculation of performance and reliability.
    • Are initiated at Guardian Masternode level I.
    • Can unlock new levels of rewards by extending performance and reliability over time.
    • Each successive promotion has an incremental increase in reward rating and/or decrease in mining difficulty.
    • The theoretical maximum achievable level for a Guardian Masternode is IX.

    How to attain Guardian Masternode status:

    • Hold a minimum of 5000 WTC tokens starting from 00:00:00 UTC on December 10th, 2017 in a trackable wallet (such as MEW). Registration is automatic.
    • Guardian Masternodes will transition from trackable Ethereum wallets to Waltonchain's own wallet at the time of its release.
    • The honorable title of Guardian Masternode will be bestowed once successful mining of its first block has been completed within a time frame to be determined.
    • Multiple wallets qualifying as Masternodes at 00:00:00 UTC on December 10th, 2017 will be subject to more rewards than singular wallets with higher levels of WTC. E.g., one 10k WTC Guardian Masternode will generate fewer rewards than two 5k WTC Guardian Masternodes.

    All distinctions are relinquished if the number of WTC held drops below 5000, and as with regular Masternodes, seniority will be reset.

    We believe that it's only fair to properly reward our early adopters by giving you a true reflection of your seniority, right from the start. With the issuance of Guardian Masternodes, the completion of our public beta in December, and the continuous support from our team and community, we can be certain of the safe and secure release of our parent chain. Our journey is only just beginning and we are humbled that you recognize and trust our vision.

    Thank you,

    Waltonchain Team

    submitted by /u/JoshuaSP
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    [UPDATE] ELIXIR Lending Project (MVP) Update - Smart Contract Interfacing

    Posted: 28 Nov 2017 01:11 AM PST

    ARK Creates a Unique Business Entity – First Crypto Foundation in France

    Posted: 27 Nov 2017 07:16 AM PST

    Top Bellator MMA fighter is requesting his $500K fight purse be paid in Bitcoin. (Article)

    Posted: 27 Nov 2017 08:21 PM PST

    Me trading alts

    Posted: 27 Nov 2017 05:34 AM PST

    Forbes: It's 1994 In Cryptocurrency

    Posted: 27 Nov 2017 05:27 PM PST

    A Cambridge study (partnered with VISA) on cryptocurrency & Blockchain. Proving not even 1% of the world is invested in crypto.

    Posted: 27 Nov 2017 09:54 PM PST

    Ripple haters 101: Food for thoughts

    Posted: 28 Nov 2017 01:32 AM PST

    South Korea's Largest Underground Shopping Mall Adds Bitcoin Payments to 620 Stores

    Posted: 27 Nov 2017 03:17 PM PST

    Me when Korea wakes up at 7 EST to start trading.

    Posted: 27 Nov 2017 03:56 PM PST

    Agrello (DLT) taking off, solid project, hugely undervalued, huge volume building

    Posted: 27 Nov 2017 10:51 PM PST

    RIP my account

    Posted: 27 Nov 2017 12:53 PM PST

    Well guys I hope this can be a lesson to you, I started investing in Bitcoin at $1200 AUD and Eth at at $70 AUD. I put in a total of $3.3k and since moving my coins to first poloniex then bitmax I pretty much have lost it all.

    I made all the rookie errors which you read about and should really pay attention to.

    I bought a sampler of alts for them all to melt in value over the next few weeks, I didn't set stop losses, I sold at the bottom and finally I over leveraged to try to chase profits to recoup my losses.

    I currently have about 0.1 of a BTC remaining and if I had stayed in cold storage I would have nearly 3.

    I'm broken and unable to reinvest at this time and was using this as my savings account putting myself in a financial hole I will need to dig myself out of.

    Please always set a stop loss and do not invest more than you are prepared to lose.

    Good luck and happy trading!

    Edit; Well this blew up which I guess is nice. I'm not posting wallet details or anything and I'm not exiting altogether. I'll grind again to try to climb back up and hopefully learn some trading discipline along the way. Thanks for the input and motivation my dudes.

    submitted by /u/rofio
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    Tip - Power ledger 1, 2, 3 and 4 hours charts have all bottomed and RSI parabolic has turned. If you want a solid coin with potential of $5 before implementation by January next year check it out. Always DYOR.

    Posted: 28 Nov 2017 01:36 AM PST

    WaBi ICO in CNBC News

    Posted: 27 Nov 2017 07:47 PM PST
    Read more
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