Cryptocurrency Daily General Discussion - January 3, 2018 |
- Daily General Discussion - January 3, 2018
- Sell walls: What they are, what they do, and how to spot them.
- 9 years ago block 0 was mined. Happy birthday Bitcoin!
- $XRB devs fixed the node bug for Bitgrails in less then 24 hours
- Another way of saying HODL
- Stellar just became #8 on Coinmarketcap, passing NEM
- When Binance really doesn't trust your deposit
- [X-post /r/Raiblocks] XABU.io is trying to pass off Raiblocks Whitepaper as their own.
- Stellar is going to pass 1$ by end of the week.
- WaltonChain, the most undervalued coin on the market by far.
- Not a lambo, but I'm excited that my $100 investment back in May reached 1K on New Years Eve! Can't wait to see where it goes in 2018
- VeChain most undervalued coin?
- Apparently Ripple sells XRP to institutional investors differently than retail investors who have to buy on the market. Not a good sign if you want XRP to be a transparent global settlement currency.
- BOSCH's industrial IoT division is likely going to have an AMA on IOTA subreddit.
- XRB now trading on Dubai's Leading Exchange - RightBTC
- REQ for a Dream
- PSA: Buyers of Stellar Lumens (XLM), don't forget to set your inflation pool to get free Lumens weekly.
- Reddit's altcoin logic summed up perfectly.
- A new coin with good business partners (VeChain)
- Screenshots from the Waltonchain AMA on slack. I just sold all my WTC after watching this shitshow play out.
- We reached 700 billion in total market cap!! By February we might get to 1 trillion :)
- Every time all of my holdings are up
- Oyster Pearl (PRL) Combines IOTA Tangle with Ethereum Blockchain
- ARK, looks as though a break out is imminent. E wave in completion. (Recent Dev efforts and Marketing Efforts support this move now too)
- How the passage of time feels in Crypto:
- Convert half of my XRB into VEN, REQ, and ICX ?
| Daily General Discussion - January 3, 2018 Posted: 02 Jan 2018 10:12 PM PST Welcome to the Daily General Discussion thread. Disclaimer Moderation is less stringent in this thread since it is exempted from the karma and age requirements. Therefore, consider all information posted here with a pinch of salt, and always cross check with known sources what information you find. Any trade information posted in this open thread may be highly misleading, and could be an attempt to manipulate new readers by known "pump and dump (PnD) groups" for their own profit. BEWARE of such practices and excercise utmost caution before acting on any trade tip mentioned here. PnDs and brigades are not sanctioned by the mod team in any way as they violate rule III. If you discover this thread is being used for these activities, bring it to the mod teams's notice via the modmail. Guidelines:
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Thank you in advance for your participation. Enjoy! [link] [comments]  | ||
| Sell walls: What they are, what they do, and how to spot them. Posted: 02 Jan 2018 04:34 PM PST Browsing reddit, see a lot of people asking what sell walls are, and an equal number of people giving a poor explanation of their actual purpose. I was going to reply in a comment, but I feel that a lot of people can benefit from a short write-up on them. What is a sell wall?A sell wall is a tool used by a rich individual,or group of rich individuals, to manipulate the price of a stock downwards. A large sell order is set at a specific price by the whale(s) to prevent higher sell orders from executing. A sell wall looks like this on the depth chart: http://brettwestbrook.com/wp-content/uploads/2017/07/Screen-Shot-2017-07-12-at-12.58.10-PM.png How does it work?This is best explained as an example. A wealthy person, we will call him Richard, tells a group of his wealthy friends that he wants to make money on a particular stock. This could be for a number of reasons such as:
Richard and his friends decide that it's a good idea. They all want 1 million of X cryptocurrency. Unfortunately, in the cryptocurrency market Richard and his friends can't execute all the buy orders at once or the prices will skyrocket! To achieve 1 million obtained goal, they decide to set up a sell wall, and manipulate the price downwards. They do this in steps:
What also happens next is the key: nobody else can sell above that sell wall price until it's gone. The result? People need to sell lower than the sell wall in order to liquefy their stock. This drives the price downwards. Richard and his friends can now safey all get to their 1m X crypto mark without raising the price exponentially! When they decide to rid their sell walls the price moves up accordingly! How can you use this to your advantage?A common thought is that the main goal of a sell wall is to instill fear into the weaker hands so that they sell by the thought that "Oh no everyone is selling!!" While it's not the main purpose, it probably does happen a little bit. People get nervous when things a large volume of crypto is being sold. As Warren Buffet said: Be Fearful When Others Are Greedy and Greedy When Others Are Fearful. For a real life example: VECHAIN. For those that don't know, about a month ago vechain was sitting around 29 cents. They had a pretty large announcement that was, yes, front page of reddit. The price nearly doubled to 70 cents (it actually happened right before the announcement). What happened after? Some people bought the rumor and sold the news. But, this news was really big. Masternodes, rebranding, big partnerships. Ask any VEN holder why the price didn't continue to rise after that and they will probably know why - price manipulation with sell walls. Such as: https://i.redd.it/bjaubsgn04601.png VECHAIN has had a lot of new partnerships, announcements, and generally great news to propel the crypto further, but has been held back by these sells walls constantly. Just recently buying pressure has been very high and the whales have been having trouble controlling it they way they would like. That's a real example of what has been happening. Take a look at roadmaps and see where different projects are at in development. Are any projects getting seemingly great news without moving in price? What about REQ? We saw a couple of front page posts about REQ moving to main net, quality pictures from the UI, etc etc. REQ was fairly stagnant around 30 cents before slingshotting to 80 cents in nearly a day. Sell walls and price manipulation.This field is speculative so any news drives buying pressure. Unfortunately, the very wealthy have a say as well. Look for great projects and determine if they solve a need. Look to see what's hitting the media's spot light, such as the front page here. THEN take a look at the depth charts on the exchanges. In crypto anything goes, and you better believe the very wealthy have difficult to obtain knowledge. When you see these obvious sell walls, you want to investigate and try to identify any trends. Perhaps you can look at volume of a cryptocurrency. A stagnant crypto with LOTS of volume is a huge indicator, sideways consolidation. Ripple did this for a few weeks, even months at certain stages. Once you find one that looks good - you'll need to hold at the mercy of the whales. Trust me, they want profit more than you do. The wait is almost always worth it because price will rise very rapidly once selling pressure is completely abolished. Hope this helps guys. P.s. I'm not a financial consultant, this is just helpful information or fun facts if you will. [link] [comments]  | ||
| 9 years ago block 0 was mined. Happy birthday Bitcoin! Posted: 03 Jan 2018 12:03 AM PST
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| $XRB devs fixed the node bug for Bitgrails in less then 24 hours Posted: 03 Jan 2018 02:57 AM PST
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| Posted: 02 Jan 2018 05:07 PM PST
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| Stellar just became #8 on Coinmarketcap, passing NEM Posted: 02 Jan 2018 04:48 PM PST
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| When Binance really doesn't trust your deposit Posted: 02 Jan 2018 06:35 PM PST
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| [X-post /r/Raiblocks] XABU.io is trying to pass off Raiblocks Whitepaper as their own. Posted: 02 Jan 2018 10:37 PM PST
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| Stellar is going to pass 1$ by end of the week. Posted: 02 Jan 2018 05:57 PM PST Mark my words boys, the way we progress every day appears to me like Stellar is going to follow the Ripple's growth. Stellar is of course little bit better. Smart contracts better consensus protocol which can exchange any asset for anything else. [link] [comments]  | ||
| WaltonChain, the most undervalued coin on the market by far. Posted: 02 Jan 2018 05:24 PM PST I'm sure you are all familiar with the recent VeChain post. Here's why its wrong: The essential difference between Walton and VeChain is the layer at which the blockchain is implemented. Walton has patents on the txID-reading RFID chips with memory, which allows the blockchain to be implemented in the foundational level through the RFIDs. They are world leaders in chip technology, and make their own chips. VeChain does not make their own chips. They outsource the hardware, and have the hardware made compatible with their blockchain via API. So their blockchain is implemented several layers up in the application layer, through business-centralized control. So, VeChain is inherently less decentralized and less secure. This is the essential difference, and it's not a deal-breaker for VeChain, but it is a fact, and it does matter. Walton is somewhat ironically better at authentication than VeChain for this reason, despite VeChain's original main use-case as an anti-counterfeiting product (they've since expanded their use-case into cold logistics and other areas). But there are other advantages to making your own chips. VeChain is using someone else's hardware and then repurposing it for their blockchain. Walton has built the chip from the ground up to be compatible with the blockchain and improved the standard chip to be much more advanced, with encryption, fine minute movement detection, anti-collision logic to prevent skipping, low voltage technology so the chips can last more than 20 years, and other advancements over standard chips. Making their own chips also makes them cheaper. Standard RFIDs are 15 to 20 cents. Walton's are less than 5. If we're comparing hardware and implementation, Walton has the clear advantage here. As for software, we can't compare yet because we don't know about what technology VeChain has for their blockchain. We do however know that Walton is scalable, due to their dual-chain + child chain structure, which also gives companies the option of keeping proprietary and other information private on their child chain, while only broadcasting needed public information to the parent chains. Lastly, you can compare partnerships and adoption. VeChain has some large partnerships and even national govt support to build a smart city as a pilot for quick expansion into larger scale implementation. I don't want to take anything away from that. It's impressive. Compared to other crypto projects, this should be a dream. Vechain should be much higher market cap due to these large partnerships. But Walton is no slacker, and while many people seem to just universally think that vechain is far ahead in partnerships, I simply disagree. I won't say who has better partnerships, but I will elaborate on Walton's. They have multiple provincial govt contracts to build smart cities, smart oceans, and smart air purification solutions, and they have won multiple awards from the National govt of China for their tech. They've received govt subsidies for mass production of their RFIDs as well. They have many multi-billion dollar partnerships with many different supply chains that are using their product right now in a testing phase, and with as many companies using their product, they are actually China's most adopted blockchain currently. They have many angel investors, and multiple from the Korean Chambers of Commerce. Their chief scientist is the recent ex-VP of Samsung, who also worked at Honeywell and Bell Labs. He himself holds 60 patents and has published over 250 academic papers. They recently partnered with NIDS for their air purification system, which works with many different big name supply chains, including Honeywell and Samsung, which was a strategic partnership to position themselves for expansion into multiple global supply chains. I could go on. The point is, Walton is not lacking in the partnership/connections arena. I don't know of any technological advantages that VeChain has over Walton, so it'll be interesting to see as more details about VeChain's blockchain are revealed. Until then, we can't compare. I'm obviously leaning far more on Walton's side, for the reasons I've just explained. But I don't think VeChain will have a problem getting adopted as well, as they clearly are being adopted, and I don't see either project pushing the other out. The market is too big. That said, it is an absolutely travesty that Walton is now rank 85, while VeChain sits at rank 43. There's even a not-so-small detail about their true circulating supply (495 million) that should be known to all investors, which puts their true market cap even higher. It's my opinion that Walton should be much higher market cap than it is currently, and even higher than VeChain's. But time will tell if this market comes to its senses. [link] [comments]  | ||
| Posted: 02 Jan 2018 05:28 PM PST
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| VeChain most undervalued coin? Posted: 02 Jan 2018 09:39 PM PST So this is a shill post but it can't be avoided. Vechain is absolutely the most undervalued coin on the market and it's not even close. I'll refrain from shitting on other coins but I will say that Ven has no business being out of the Top 20 and should really be in the top 10. Take a look at all of the partnerships and even just the news in the past week or so and tell me how big of a pump it would've gave coins like NEO or Iota and many more. I'm way too lazy to link to everything but this post does a good job of explaining https://steemit.com/iot/@neo12/top-eight-reason-s-i-m-buying-vechain-ven-vet The lack of big exchanges is the only thing from keeping Ven down right now. Whales have full control and are doing what whales do. If you haven't bought you are unbelievably lucky and have been given a gift from the crypto gods because the takeoff is imminent and when it goes it will go FAST. Vechain will be on Bittrex and Korean exchanges soon and if you know anything about crypto you know what that means. I will admit that I get impatient and can tend to swing trade to hit short term pumps but for the first time in a while I've promised myself I'll give Vechain however long it takes because I've done the research and everything points to it being a top 10 coin in the near to mid future. I refrain from price predictions but anyone that actually researches coins in depth should be able to see that this coin is "the next blah blah." The comparisons to $8 or so NEO are right on point and what finally kickstarted that breakout? The Anthshares to NEO rebrand. Ven will rebrand in 2 weeks or so and that could be the catalyst of the imminent breakout. Totally a shill post, I know, but I've held Vechain for a long time and will continue to because I know it will make me and many others a lot of money in the future. The momentum is undeniable. DO YOUR RESEARCH /shill [link] [comments]  | ||
| Posted: 02 Jan 2018 08:06 PM PST
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| BOSCH's industrial IoT division is likely going to have an AMA on IOTA subreddit. Posted: 02 Jan 2018 12:35 PM PST
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| XRB now trading on Dubai's Leading Exchange - RightBTC Posted: 02 Jan 2018 02:56 PM PST
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| Posted: 02 Jan 2018 04:42 PM PST
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| Posted: 03 Jan 2018 02:57 AM PST I'm reposting this since XLM is getting traction during its run. Even new comers in the stellar subreddit are not aware of this. I hope the mods keep it in the front page if it makes it there. Stellar awards 1% annual return of your current funds and a part of the lumens used as transaction cost weekly. It's not much but it helps offset the transaction cost. Not sure if my math is correct, but each lumen you hold should give you enough for 19 transactions minimum. Here's an explanation on how it works Stellar Inflation Documentation Assigning an inflation pool depends on the wallet your are using. One example of an inflation pool is XLMPool. Instructions to set your inflation pool is also here. Take note that you can use other inflation pools. I'm only putting this as an example as they also have a tutorial. You can also check this reddit post on how to do it if your wallet does not support it. This post is by a r/stellar mod. [link] [comments]  | ||
| Reddit's altcoin logic summed up perfectly. Posted: 02 Jan 2018 06:21 AM PST
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| A new coin with good business partners (VeChain) Posted: 02 Jan 2018 09:58 PM PST | ||
| Posted: 02 Jan 2018 08:47 PM PST
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| We reached 700 billion in total market cap!! By February we might get to 1 trillion :) Posted: 02 Jan 2018 10:58 PM PST
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| Every time all of my holdings are up Posted: 02 Jan 2018 03:21 PM PST
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| Oyster Pearl (PRL) Combines IOTA Tangle with Ethereum Blockchain Posted: 02 Jan 2018 05:28 PM PST For those of you not familiar with the Oyster Pearl project, it aims to combine the directed acyclic graph (DAG) technology of IOTA with the blockchain smart contract technology of Ethereum. From the whitepaper, the goal of the project is:
In other words, this gives websites an alternate way to generate revenue than using ads. No one likes ads, they distract from the content of websites and ad blockers are becoming more and more common. The Oyster protocol provides an alternative solution to this problem by allowing website visitors to contribute a portion of their CPU and GPU power to allow users' files to be stored on a decentralized and anonymous ledger. They take a very unique approach in this and in incentivizing users to maintain the network. IOTA Tangle Nodes with the Oyster network use the Tangle as a neutral third party to negotiate work performance, completion, and compensation. Data uploaded via oyster is ultimately retained across the distributed network topology of the Tangle. This ensures that the data is securely stored in a decentralized manner that exhibits great redundancy and failure resistance. Ethereum Blockchain The Oyster Pearl (PRL) token is an ERC20 token that exhibits unique qualities that are built upon the smart contract framework of Ethereum. Oyster nodes hunt for Pearls that are embedded accress file data structures that are retained on the Tangle. As the nodes search for Pearls via Proof of Work, they help maintain the data on the Tangle, therefor securing its retention. The Oyster smart contract only allows Pearls to be gradually released from their embedded state, therefore guaranteeing the data's integrity for the correct amount of time. My 2 cents I have tried to remain largely unbiased so far. This is a very ambitious project and could be quite impressive if the team can pull off what they have outlined in their whitepaper. This project has a test net that is supposed to come out in Q1 2018, and it could really take off from there. It's still at a relatively low market cap of ~$40mm (I believe Coinmarketcap has the incorrect circulating supply listed, it should be 62,366,927). Compared to similar projects like Sia ($930 mm), FCT ($540 mm) or even BAT ($560 mm), it certainly has room to grow. I think a large part of the reason why it hasn't hit the first page of Coinmarketcap yet is that people are hesitant to see how the test net looks. It's still in high risk, high reward territory, but the whitepaper was very well written, so I think this project has potential. I recommend reading the whitepaper if you want to learn more about the project. The whitepaper is a very interesting read: https://oyster.ws/OysterWhitepaper.pdf [link] [comments]  | ||
| Posted: 02 Jan 2018 08:35 PM PST
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| How the passage of time feels in Crypto: Posted: 02 Jan 2018 06:19 AM PST
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| Convert half of my XRB into VEN, REQ, and ICX ? Posted: 02 Jan 2018 10:29 PM PST I currently have 75% of my portfolio in XRB due to the growth over the past several weeks. I'm considering converting half of my XRB into VEN, REQ, and ICX (I hold small percentages of each already.) I'd like to hear some advice from this sub in regards to doing this, or alternative ideas. Thank you! [link] [comments]  |
![[X-post /r/Raiblocks] XABU.io is trying to pass off Raiblocks Whitepaper as their own.](https://b.thumbs.redditmedia.com/DyHKIfaudbDfC2L_bb8_lkzJwAYbKLliIvB902w7AbY.jpg "[X-post /r/Raiblocks] XABU.io is trying to pass off Raiblocks Whitepaper as their own.")
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