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    Home Unlabelled Crypto Currency Markets [r/CryptoMarkets Daily Discussion] - 19/Mar/2018

    Crypto Currency Markets [r/CryptoMarkets Daily Discussion] - 19/Mar/2018

    March 19, 2018

    Crypto Currency Markets [r/CryptoMarkets Daily Discussion] - 19/Mar/2018

    [r/CryptoMarkets Daily Discussion] - 19/Mar/2018

    Posted: 18 Mar 2018 11:05 PM PDT

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    submitted by /u/AutoModerator
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    Crypto defined as a legal currency in Wyoming? It looks like it happened!!!!!

    Posted: 19 Mar 2018 12:40 PM PDT

    Came across this in another thread and found it interesting.

    Hey everyone! I have recently decided to get as direct to the sources from what I have been seeing and hearing in the news regarding crypto. Recently I Interviewed Tyler Lindholm, a State Representative from Wyoming. He had a large part in constructing the crypto bills that were passed just recently. They are the first in the world to do this and it may have a huge impact.

    6:00- We start to talk about the Bills.

    10:20- Set up file 111. This is very interesting.

    12:00- Virtual currency defined as a legal currency in Wyoming.

    http://bitbetterhavemymoney.com/legal-currency-in-wyoming-interview-with-state-representative/

    submitted by /u/fetusovaries
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    U.S. Congress 2018 Joint Economic Report Devotes Whole Chapter to Blockchain | Key Points Summarized

    Posted: 19 Mar 2018 06:10 PM PDT

    Help Cryptocurrencies Become Tax free

    Posted: 19 Mar 2018 01:38 PM PDT

    More than 70% of all the projects are scams

    Posted: 19 Mar 2018 06:46 AM PDT

    This is now the buzzword in r/cryptocurency. I do get, that a lot of people entered the market to be millionaire in a fortnight like say CryptoNick or Trevon James (Yeah, these people have damaged the credibility of the millennials who invest in Crypto), but to be so salty as to call the entire space an outright scam is actually Self Denial. DYOR is the most "stated" and least "used" term in cryptocurrency. Rightfully, with just a bit of common sense, people wont even spend a penny on bitconnect.

    I do agree that >1000 projects wont even come to fruition. But apart from a few, if we look at the top 50, well, I can say, atleast 20 of them are pretty massive projects. In an entirely new ecosystem, thats developing, even if we end up getting 10 projects that serve the world some good, would that not be awesome?

    The Bears are ruling the market, but they wont rule forever. The boom continued from November to say, mid January, and it seemed never ending. This too will end.

    Here I would try to lay down some of my opinions for all the doubts and FUD that media propagate:

    1. NOT BACKED : Fiat, you will find is essentially backed by IMFs Currency Basket. The Currency Basket in itself is backed by Fiat. Thus, ultimately it pegs the whole concept of Fiat down to single entity, Trust. USD has major stronghold on the basket. This ultimately leads to a situation wherein the Currencies of other countries too, are to an extent pegged to USD, which we know is prone to whims of the FED.

    Bitcoins underlying value is in the used Protocol. Bitcoin as such is just a protocol, using a distributed, decentralized ledger and a POW based consensus mechanism for its existence. Same for ethereum, the ether protocol. While people might argue, whats the REAL asset underlying , remember its the same logic used by Brick and Mortar shops against Amazon.

    1. NOT GREEN : Lets calculate the entire energy spent by the Banking corporations, plus the energy consumption for Fiat printing, and the energy consumption for maintaining the security , and add to that the devaluation impact of fiat, and devise a parameter. Now lets compute the entire energy required for maintaining the Cryptosphere, and subtract the deflationary impact of a fixed total supply. I think Green Bankers will wet their pants in fear if such a study is conducted.

    If you hate POW, Crypto communities are working their ass out for POS, which if proven secure like POW, will end this debate forever.

    1. High Transaction Fees and Lack of scalability : This is a problem. To have utmost decentralization, low transaction fees, and high scalability all at the same time seems impossible. An optimum solution will be there. Probably we will have to do away some decentralization and security for purpose of efficiency. We are already seeing solutions like Nano, Cardano, Lightning Network. Its interesting to find out where we end.

    2. Terrorism : Bitcoin is used for Drugs and Terror Funding. Internet is used for Porn. Sound synonymous? You decide.

    3. Lack of faith in the technology : When i see most of the cryptocurrency subs, its all about "when will we break even" Or "Am selling all this since its going to zero". Try speaking logic, they will spew Venom. As if buying Bitcoin at 20k dollars and keeping it in Bitconnect was the collective fault of the crypto community. Although am just over 7-8 months in this market, i can tell the only secret to make some money here, is your Conviction. Read the whitepaper, check the team, think about it, rate it. If you cant rate it DONT invest in it. Just like I dont keep Monero, simply because i fear regulatory crackdown might come hard on it. I might be completely wrong. But then, as long as you dont have the Conviction, you will end up losing. Always, yes always, dollar cost average while buying, and take profits, if you have doubled or tripled. Set the goalposts, and dont keep on changing them. Never buy all at a time. Never sell all at a time.

    submitted by /u/Fullthrottle19
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    Our Crypto Champion in Congress - Tom Emmers; R-Minnesota

    Posted: 19 Mar 2018 10:27 AM PDT

    With the market bouncing a little.. whats your favourite altcoin today?

    Posted: 19 Mar 2018 05:57 PM PDT

    Crypto Markets rebounds due to speculations regarding cryptocurrency

    Posted: 19 Mar 2018 02:03 AM PDT

    Kevin O’Leary Will Launch The First Hotel Asset-Backed ICO

    Posted: 19 Mar 2018 03:51 PM PDT

    Peter Thiel on Crypto Investing

    Posted: 19 Mar 2018 04:33 PM PDT

    HappyTax is either a scam or very shady

    Posted: 19 Mar 2018 07:11 PM PDT

    So long story short, I signed up for HappyTax after seeing their CEO's AMA on here. I had also heard him on a podcast and he seemed knowledgeable.

    I signed up for their main plan, on Feb 5th. I was looking to get my taxes out of the way early this year, so a few days passed and I didn't hear anything (not even a confirmation), until Feb 9th.

    If you go on their site and use their mapping tool, they apparently have several preparers in my area (Bay Area, CA - so not surprised). However, the person who finally contacted me, ended up being located in the UK. Okay no problem, it's not ideal however they don't have to be in the US in order to prepare my taxes.

    I was sent basically a copypasta email with instructions on how to link my account from bitcointax / cointracking.info - which I did. A week passed I heard nothing, then a second, then a third. Finally i hear back on March 1st, from a NEW person with the exact same copypasta message as the one I received nearly a month earlier from a different @happytax email account.

    I go ahead and answer those questions, and of course I hear nothing back - and now I've received yet another email with instructions on how to link my accounts (something which i've already done) - from a third @happytax email account.

    At this point, i'm running out of time to do my taxes to play the back and fourth email game. I'm not sure https://www.reddit.com/user/HappyTax was a worthwhile $650.00 investment. Which is a shame, because as I said Mario came across as very knowledgeable and honest previously.

    submitted by /u/1dayitwillmake
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    This is fine...I'm okay with the events that are unfolding currently...

    Posted: 19 Mar 2018 05:57 PM PDT

    Undervalued Crypto: Metal Pay (MTL) App Launch, Bittrex Relisting and more coming this month!

    Posted: 19 Mar 2018 04:38 PM PDT

    I don't often post on reddit but use it as a place to gather information and shills on coins that are worth looking into. One of the coins I found out a while back and have been quietly following is Metal (MTL), this coin has an incredible month ahead of it and I haven't seen it even mentioned here.

    I have gathered all the information that I have learnt over the past months that doesn't seem to be common knowledge outside of the small MTL community and wanted to share it with you guys.

    1). Bittrex Relisting Coming SOON

    MTL was delisted from Bittrex on January 12th 2018 which caused the price to quickly crash from $11 right down to $3 in just a matter of a few weeks. The delisting was down to MTL not having a functional product at the time.

    Bittrex Bill said they would look into relisting once the app was launched ( source ).

    From the comments from Bittrex and the comments by the Metal team on Discord it seems the relisting is imminent, possibly before the launch of the app.

    Discord Screenshot 1

    Discord Screenshot 2

    I'd expect a relisting within the next 2 weeks for sure.

    2). Metal Pay App Launch THIS MONTH

    The MetalPay app is scheduled to be launched this month. This has been widely confirmed.

    What is the Metal Pay app you ask? Here is an (unofficial) video that shows how the app works:

    https://www.youtube.com/watch?v=0Hqu2n9EEsE

    And a video of the app in use:

    (https://www.youtube.com/watch?v=tHfrOVVZNV0)

    I really like that unlike most cryptos MTL actually has a product that I would be happy to use. After having spent a few months following Metal I am convinced that it's a game changer.

    3). MTL -> FIAT In The App no BTC pairing or exchange needed

    MTL tokens can be bought and sold directly with fiat in the app, no need for exchanges and BTC pairing. I believe the advantages of moving away from the coin being paired solely with BTC are clear after the last few months. I still cry inside when I look at the BTC chart, I hate you BTC, you almost destroyed my portfolio of alts.

    4). New Metal Pay Site & Branding

    Metal have just launched a brand new website and branding. The website MetalPay.com really shows off the brand and app perfectly - you can also signup to the beta. The new previews of the ads for Metal Pay are just smooooooooth!

    (https://www.youtube.com/watch?v=wKPaJO8FDJQ)

    With the bear market, FUD and gloom around the crypto world this past week this hasn't really been noticed and deserves far more recognition.

    5). Metal Pay Can Launch in ALL STATES

    Banking regulations are tough and a lot of crypto companies seem to have trouble getting licences for every state. Metal was expected to launch very slowly as they got licences for each and every state, the initial states were expected to be small states like Montana, Vermont and Wyoming. Not exactly states known for having large tech loving populations.

    Today it was announced in the Metal discord group that Metal have got an agreement with a bank for Authority Delegation (AD) which means they no longer need the licences and can launch all states right away.

    Discord Screenshot 3

    So they can iron out any bugs and scale I don't think they will launch every state by the end of the month but this means they can open states and begin scaling MUCH faster than applying for licences for every state. This is a massive deal and not something that Robinhod even seem to have been able to achieve.

    On top of that the price and TA for MTL alone look delicious.

    And that ladies and gentlemen is why I think MTL is currently the most undervalued cryptocurrency out there. As I write this I am now 100% in MTL.

    (I am no way affiliated with MTL, just a follower of the coin and wanted to share some relatively unknown info with the community here who I am always pulling tips from)

    submitted by /u/CryptoSeeds
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    Venezuela's Petro token banned in USA...US citizens are not allowed to invest/trade on it

    Posted: 19 Mar 2018 12:47 PM PDT

    False Rumors Spreading About A Twitter Ban On Crypto Ads

    Posted: 19 Mar 2018 01:01 PM PDT

    Miners Manipulating Bitcoin Cash’s Circulating supply

    Posted: 19 Mar 2018 05:59 PM PDT

    The Most Straight Forward Guide To Cardano (ADA) In Cryptocurrency

    Posted: 19 Mar 2018 05:32 PM PDT

    Iconic

    Posted: 19 Mar 2018 06:57 PM PDT

    Me and a friend chill and chat about crypto, grab a beer and check it out..

    Posted: 19 Mar 2018 04:03 PM PDT

    Crypto Recap March 19: Your Must-Follow Daily Delivery of All the News That Matter

    Posted: 19 Mar 2018 05:38 PM PDT

    How to Trade Cryptocurrency Candlestick Patterns Like a Pro

    Posted: 19 Mar 2018 04:45 PM PDT

    Which exchange do you regard as the best?

    Posted: 19 Mar 2018 07:54 PM PDT

    'Best' is divided to several category:

    A.) Customer support respond rapidly with specifics (more than just 'we escalated the issue') B.) You trust that your deposits arrive within reasonable time. C.) You trust that you can withdraw your funds and it arrives within reasonable time. D.) You are confident that the exchange is secure or if it gets hacked they take responsibility and cover your funds. E.) You are confident to provide KYC and your privacy is safe and the exchange is representing you against external authorities. F.) You know that it maintains liquidity even for small coins and not delisting coins.

    Or any other dimensions not considered here from A-F. Which exchanges would give the winner in the most categories?

    submitted by /u/dzsman
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    Velix.id - A Data Breach Thаt Caused A Health Crіѕіѕ

    Posted: 19 Mar 2018 07:30 PM PDT

    Rating and Overview - Kora Network

    Posted: 19 Mar 2018 07:16 PM PDT

    Can crypto markets support all these new coins and ICOs? A comparison between IPOs in traditional markets and ICOs in cryptocurrency.

    Posted: 19 Mar 2018 06:56 PM PDT
    Read more
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