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    Friday, February 2, 2018

    Cryptocurrency Daily General Discussion - February 2, 2018

    Cryptocurrency Daily General Discussion - February 2, 2018


    Daily General Discussion - February 2, 2018

    Posted: 01 Feb 2018 10:13 PM PST

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    submitted by /u/AutoModerator
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    Buying Cryptos in 2018

    Posted: 01 Feb 2018 01:01 PM PST

    Before you panic sell, ask yourself 'who is about to buy this?'

    Posted: 01 Feb 2018 08:46 PM PST

    Seriously everyone, who do you think is buying when you panic sell? "Other assholes fuck them it's their problem now" ?? When you panic sell at times like this you are offloading your crypto to people who are very aware that the market will swing back up. Institutional money was never going to jump into crypto at the ATH and make all is little guys rich in the process, that not what they do. They manipulate markets, using the media, and they shake out the weak hands so they can scoop up everything they want for fractions of the price. The shit thing is it's working. Those guys you saw buying lambos and bullshit at the end of last year are the ones who didn't panic sell after the Mt Gox crash thinking "Atleast I'll come out of this with something". Look at the volumes at the moment, look at the amount of coins being accumulated right now, who do you think are the ones doing that? You think a bunch of investors with deep pockets just stumbled ass-backwards into the market and don't bother reading the news? Think. If you're selling right now you are selling to rich guys that know something you don't.

    Put the phone down, go an do whatever it was you were doing before crypto for the next month, for the next three months even. Or don't, panic sell to guys that know exactly what they are doing and lament it at the end of the year. We all saw the comments and posts of people warning that after the bull market will come days when everything drops 20% round the board. Well those days are here. No one ever got rich panic selling.

    I'm not frustrated cause my portfolio is dropping, it'll be back. I'm frustrated because all of us little guys have the possibility to ride this wave up because we got here early, and we're dropping like flies at the moment. It's going to be heartbeaking reading this sub in a year's time seeing everyone who sold now thinking it was the end. Look at the tech, look at the partnerships both corporate and government. This isn't pokemon go, it's not a fad that only lasts a few months. Crypto isn't going anywhere, please don't waste this opportunity.

    submitted by /u/Sendmyabar
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    Don't think of this as a "crash" or "dip". Think of it as going back in time. You've been given a glimpse into the future and now you're being given a chance to go back and buy at the lows. Take advantage.

    Posted: 01 Feb 2018 11:12 PM PST

    Rather than an x/y axis of time/price, imagine that you are in a time machine that can travel into the future to see what things will be like when we gain more adoption and then go back in time to buy up all the juicy coins at discounts. I can't believe the amount of FUD and discouragement I see in this sub. Is it caused by mostly noobs? Do you not actually believe in the technology you're investing in? If not, please sell and get out. You're not an early adopter and you don't need to be here. If you are an early adopter and not some noob looking for a lambo, then you're obviously here for a reason. Remember what brought you here to begin with and start stacking those coins like it's the Summer of 2017!

    submitted by /u/pepsidime
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    Stop saying everything is red when it's clearly not!

    Posted: 01 Feb 2018 09:28 AM PST

    We can finally put the Tether FUD to rest

    Posted: 01 Feb 2018 11:30 AM PST

    You guys need to lay off the "bought at $20k" jokes

    Posted: 01 Feb 2018 02:55 PM PST

    So many of you were rejoicing when BTC reached its ATH and sure, some greedy people got in and put in a lot of money and are possibly gone into debt to do that.

    Now its around 50% down and those people must be shitting bricks. And what do you guys do? Get busy making fun of them and making us look like a bunch of assholes rather than a helpful gateway to this developing market.

    Right now, most people think we're just a bunch of kids that use cryptos to buy drugs. So with sentiments like this showing up, we look like immature dumbasses. We are setting the wrong example when other people browse through and what they see is that we're busy making fun of people losing money

    I started participating when the Sub was a lot smaller and didn't see much of this before. So chances are it's a lot of you that are new here that are resorting to this behavior. So stop behaving like it's your baby and other newcomers are just suckers. Congratulate them on the investment and help them ride the tide. We're still in the early stages.

    I'm kindly asking to knock it off. Whether you like it or not, we're being watched and judged for shit like this.

    EDIT: To those of you trying to educate me that this is normal shit in Crypto, yes I know that and I'm not freaking out here. What I'm saying is that for people who just got in the game and haven't seen this volatility before, it's gonna be hell. It's a big drop at 50%. Those kinds of numbers during 2008 made people kill themselves. I'm not trying to be the thought police here, I believe in freedom of speech...I'm just asking to be more considerate in what's posted on here, use your right wisely. You never know if someone who's lost big reads this and you bring him/her down even more.

    submitted by /u/rayven1lk
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    Me trying to explain this dip to my family after getting them invested

    Posted: 01 Feb 2018 09:26 PM PST

    This is what we look like collectively trying to shill crypto into a market recovery.

    Posted: 02 Feb 2018 01:12 AM PST

    Suicide hotline 1-800-273-8255 in case you need it

    Posted: 01 Feb 2018 08:00 PM PST

    DO NOT believe the India FUD. India's richest businessmen are all invested in Crypto.

    Posted: 01 Feb 2018 08:28 PM PST

    A very little bit of green

    Posted: 01 Feb 2018 09:17 PM PST

    LOL @ all the people who try to speculate why there's a bear or bull market

    Posted: 01 Feb 2018 06:02 PM PST

    This shit is so damn volatile that I don't even know what to believe anymore.
    I mean what the fuck - you would think that Korea legalizing crypto, followed by India introducing a large exchange, introduction of Robinhood and even China easing up on one would think that crypto prices would be rising to the moon...but NO!

    There is absolutely no way of knowing this shit. Even Bitconnect rose like $3 fucking dollars for crying out loud despite all the controversy going on.
    You might as well post a picture with all the coins and throw a dart at it and put all your money on whatever it lands on.

    I learned to stop stressing over stuff because there's really no way of knowing when it's going down or up

    submitted by /u/Top_Falcon
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    Nano / XRB Creator Colin LeMahieu Interview

    Posted: 01 Feb 2018 03:43 PM PST

    Came to make money, stayed for the tech

    Posted: 02 Feb 2018 12:31 AM PST

    I had numerous chances to cash out comfortably. A modest sum in a game of whales, but a lot for someone with low-income like me. The goal is still to make money, as it is a monetary investment, but ironically the more I researched the technology for the purpose of making money, the more I fell in awe of the technology and the chills that I sometimes felt for being a part of the future. It's no longer just about the money, it's about a movement that can very well change how the world may function.

    We have decentralized currencies that aren't controlled by governments.

    We have decentralized platforms for apps and smart-contracts.

    We have RFID technology linked with the blockchain to reduce costs and increase reliability.

    We have decentralized private currencies, messengers, and data stores.

    There're so many projects that I can't keep up with them all. Granted, there are a lot of scams and vaporware, too.

    The value I lost in this dip or crash, whatever you want to call it, is really a non-factor because the technology and potential hasn't changed. I think everyone would be happier, if they just remind themselves of that.

    submitted by /u/Mongooseroo
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    When I hodl and just don‘t give a fuck anymore

    Posted: 02 Feb 2018 12:35 AM PST

    Why Sell?

    Posted: 02 Feb 2018 12:50 AM PST

    Why would anyone sell?

    • Bitcoin now costs the same as it did the day after Thanksgiving.

    • Ethereum costs the same as it did on Jan 2.

    • Neo is currently twice as much as it was Dec 21.

    • Monero is at 233 and it never broke 200 until this past December.

    • Cardano is now right where it was in mid December.

    It's too bad people are glued to their hourly account balance and missing out on the big picture. Emotionally distraught people are selling. Financially wise people are buying. This summer, there is going to be alot of bitter folks that wish they never logged into their accounts on Feb 1 2018. Countries around the world are not banning crypto. They are simply cleaning things up and gearing up for full blown legal crypto. Sure, there will be new rules but crypto is here to stay. If tomorrow marked the final day of cryptocurrency history, I could understand the panic and the selling. However, do you think the Canadian gov't would be using Ethereum for record keeping if crypto was in trouble? Would IBM be partnering with Stellar if crypto was doomed? Would Microsoft be sponsoring NEO dev competitions if crypto was ending? Would Samsung be pouring big money into building and selling cryptocurrency mining chips if Crypto was truly in trouble? Politicians are pumping the breaks until they figure out how to cash in. They did they same thing with daily fantasy sports, online poker, gambling, and cannabis. In 2015, Daily Fantasy Sports was legal in 45 states. In 2016, it was legal in only 10 states because politicians wanted to shut it down until they figured out how to make money off it for themselves. Today, DFS is legal in 41 states. That's right, from an unregulated 45 (2015), cracked down to 10 (2016), and now that politicians can make money off the regulated industry, it's legal in 41. Folks, crypto is going through the growing pains of becoming a full blown accepted industry. Check out online poker...

    • 1995: The first online poker websites appear. Everyone made money except governments.

    • 1999: Republican from Virginia, Robert Goodlatte, tried to shut it down with a new law. People panicked and cashed out. His law never passed. It was defeated.

    • 2003: Thanks to pressure from the Justice Department, most banks blocked customers from sending money to poker sites

    • 2005: The world's largest online poker site (PartyGaming) went live on the London Stock exchange the same year that a Republican from Iowa tried to ban credit card payments on gambling sites. His bill never reached the Senate floor.

    • 2006: Goodlatte is back again. Tries to ban online poker/gambling. He is defeated again.

    • 2006: President Bush signs the Unlawful Internet Gambling Enforcement Act, banning the transfer of money to gambling sites. Everyone cashes out.

    • Today: New Jersey, Nevada, and Delaware have legalized it. People in every state freely use offshore sites. Banks are no longer blocking payments.

    Whether it's online poker, cannabis, daily fantasy sports, or cryptocurrency, the people vote with their wallets. Sure, governments always get involved so they can make a buck too (if it was about our safety, health, and well being then guns would be outlawed). Hold your coins if you haven't sold. Buy coins this weekend at a massive discount. Embrace the future. Expect dips along the way. We are riding a climate change graph that continually trends up. So what if there is a record cold winter here or there. The zig-zagging line is trending up from year to year. Hold and/or buy. You will have major profits should you choose to sell this summer, fall, or in 2019. Keep your eye on the prize, stay off reddit, stay away from "news", and trust your instincts when you realized months or years ago that this was an unstoppable revolution: the future.

    submitted by /u/MeteoriteMerman
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    The EU embraces blockchain, looking to invest 340 mil euro until 2020

    Posted: 01 Feb 2018 10:42 AM PST

    A LITERAL pyramid coin has just launched after being delayed for 2 days.

    Posted: 01 Feb 2018 09:04 PM PST

    This could have a major influence on the market.

    Posted: 01 Feb 2018 10:00 PM PST

    IOTA Due Diligence Report | DRC Community - independent group in China rates IOTA AA

    Posted: 01 Feb 2018 04:21 PM PST

    Bitcoin Rick

    Posted: 01 Feb 2018 09:39 PM PST

    EU will invest 340 million in to crypto till 2020

    Posted: 01 Feb 2018 11:38 PM PST

    BRUSSEL -The europian union sees a lot of potential in blockchaintechnology That stores data in decentralized way . Blockchain can form a new fundamentel for big parts of our economy spoken by Mariya Gabriel (Digital economics and society) at the launch of eu blockchain obseravtory and form That should bring together the best people in the industry

    Blockchain technology offers security in business transactions and has already gained a foothold in the financial sector, but also in the healthcare, logistics and insurance world. The technique is the basis of cryptocurrency as the bitcoin. Blockchain is an child's digital log. Through 2020, the EU will invest 340 million euros in blockchain related projects through research programs.

    I took the time to translate but i am dutch and my english sucks

    submitted by /u/Ricogek
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    Doge knows it

    Posted: 02 Feb 2018 01:29 AM PST

    NANO (XRB) Now Available on OKEx

    Posted: 01 Feb 2018 05:26 AM PST

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