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    Sunday, March 25, 2018

    Crypto Currency Markets [r/CryptoMarkets Daily Discussion] - 25/Mar/2018

    Crypto Currency Markets [r/CryptoMarkets Daily Discussion] - 25/Mar/2018


    [r/CryptoMarkets Daily Discussion] - 25/Mar/2018

    Posted: 24 Mar 2018 11:05 PM PDT

    Welcome to the /r/CryptoMarkets Daily Discussion thread. The thread guidelines are as follows:


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    The only ICO resource you will ever need for researching and analysing upcoming ICO's. It is my collection of ICO spreadsheets, some are private or paid, some are public but together there is a wealth of knowledge in there and should help you immensely.

    Posted: 25 Mar 2018 08:34 PM PDT

    Currencies are just the start for blockchain, we have to remember that. Blockchain created decentralized trust.

    Posted: 25 Mar 2018 07:43 AM PDT

    Crypto make you rich but you didn't recognize it.

    Posted: 25 Mar 2018 08:02 PM PDT

    Ancient Romans On Cryptocurrency Investing

    Posted: 25 Mar 2018 11:44 AM PDT

    Waves Lab announces new residents

    Posted: 25 Mar 2018 07:21 AM PDT

    Cryptopia users, have you received emails about failed login attempts?

    Posted: 25 Mar 2018 08:24 PM PDT

    Edward Snowden Isn’t Keen On Bitcoin, Excited About Zcash & Monero

    Posted: 25 Mar 2018 06:02 PM PDT

    Here are things I look for in my potential cryptocurrency investments. What are your metrics and what would you add or take away from mine?

    Posted: 25 Mar 2018 07:27 AM PDT

    Team: I look for 3 superstar team members and 3 superstar advisors. The criteria I use to judge whether or not someone is a superstar is based on their experience in a relevant field. Typically this means a long history working for a large company or a successful small business. Typically 2 to 3 years of relevant experience is required. I specially look for 2 members on the team working on the tech, like software engineers or coders, and at least one business manager or someone with lead experience. This can include successful CEO's, team leads, business managers, etc. Finally we look for someone working on the project who has worked on blockchain before. Typically at least 6 to 12 months blockchain experience is enough to satisfy this metric.

    MVP: The presence of a product that is proof of the projects efforts. A demo may be good enough but ideally at least an alpha or something running on testnet.

    Ease of Research: How well the team, whitepaper, and roadmap are presented and how easy it is to find that information. This is particularly important because a product that doesn't know how to present these things gives us doubt about their ability to present other aspects of their projects. It makes us question whether they truly understand the value of themselves and what they are selling if they don't think to make those things easy and simply to find. The exception would be if the project has 40-50+ Employees.

    Solves an important problem: Here I will summarize the problem that they want to solve and give my personal assessment of whether the problem being solved by the potential blockchain project needs to be solved. So much so that the market would demand the projects success once it enters the market.

    Does it need a blockchain: My personal assessment of whether the function of the blockchain is already being done to an adequate degree or can be done to an adequate degree by a centralized product. The major benefits of blockchain are it's immutability, verifiability, decentralized governance, creates the possibility of peer to peer global services and transactions, security, high availability, transaction speed, and cheapness compared to centralized platforms. Details here: https://www.quora.com/What-is-the-benefit-of-blockchain-technology

    Token Use: Here I will summarize the use of the token and make an assessment of whether I think the token is essential to the function of the platform so much so that ETH/BTC/ or fiat couldn't be used in the token's place. Some projects don't need a token, some tokens provide very little utility to a platform or it's utility can be replaced by simply using ETH. Unless your token adds needed utility to a platform which can't be replicated efficiently without a token, then I don't think your platform needs this token and it seems like the token is simply being used to raise money and for speculation. This means that the price and value of the token won't necessarily rise with the increased use of the project.

    Roadmap: Are the company's future goals clearly laid out? Is there a history of accomplishments in the past? Have they kept deadlines and met expectations they've created? Do they have a visible and transparent plan for the future?

    Presentation: How well does the project present to me the value of their product? Do I get a good sense of the value they are offering by reading their website, watching their youtube video, reading their roadmap, or quickly reading their whitepaper. Do they give me a clear picture of not only the problem but the size of the problem? Do they give me a clear and easy to understand explanation of what their product does and how it solves an important problem?

    Token Vesting: Do they have a vesting program in place to incentivize performance and dedication on the team and punish the lack of these? Does their vesting period discourage or make impossible the team's ability to run away with everyone's money in the short term? When giving these points the score is heavily influenced by my opinion of the team. If I think the team is great I won't put much weight on their vesting period. If I think the team is lacking I'll be looking for a longer vesting period and put more weight on the importance of vesting.

    Competition: I don't like competition. This is where I list potential competitors in the crypto space and the basics about how they compete. The existence of those competing for the same market or a portion of the same market in the decentralised space automatically makes me hesitant to invest. This can be made up for in the "Best in field" category if I think that despite competition existing, this particular project either will fit in the market or has a high likelihood of becoming the largest. More about why I dislike investing in projects with competition here: https://www.youtube.com/watch?v=hVBi8rVkQms

    Community: Crypto currencies tend to experience tremendous growth when there is a strong community backing it. A strong community contributes to new ideas and new features to be incorporated into the coin, increasing trading volume and signifying growth towards a bigger market. (eg. Reddit, Facebook, etc.) A coin's Coingecko score is a key indicator in determining the size of the community. The average is about a 50% score. Anything near 50% or above is pretty good.

    Product being used actively on the market: Is it simply available on the test net or just an MVP. This usually involves seeing whether or not the product is making money or has been adopted by a portion of the market it is targeting. There is a difference between a product that is "ready" to be used and a product that is actually being used on the market.

    Partnerships: Here I'll list key partnerships and potential partnerships for the future and make an assessment about how important I think those partnerships are. Not every partnership has the same impact but the right partner can be a game changer. http://firstround.com/review/From-Zero-to-10000-clients-in-Two-Years-Using-Channel-Partners/

    Best in Field: Comparing the project to other similar projects in the crypto space. Whether I think this will be the largest because it has the best project. This is also where I would express personal doubts about the project's ability to succeed if I think the competition is too stiff for me to believe that the project will DEFINITELY be successful in the future. Or I can express the belief that the project may be able to fit within the market even if I don't think it will become the largest player in the field. Projects without working products on the market would need to develop one before I would consider them a viable competitor. Just having a good idea isn't enough. Most good ideas fail and I predict this to be especially true in the long term for Cryptocurrencies.

    Development: Looking at the development activity of the coins via public source code repositories like Github, Bitbucket, etc. The reason to look at this is because some coins are either no longer maintained by the developer or undergoing very little development, thus those coins would appear very unlikely to progress over time. By looking at how much interest and effort goes around the development community there is a chance that the coin will continue to innovate according to how the cryptocurrency market sees fit. A key indicator of this is the CoinGecko development score. The average is around 60%. Anything near or about 60% would be pretty good.

    Redflags: Anything that stood out to me that would give me pause before investing.

    submitted by /u/ProfessorGanymede
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    Elite university RWTH plans to build IOTA industrial use cases

    Posted: 25 Mar 2018 07:14 AM PDT

    Andreas Antonopolis: crypto needs better wallets, fiat in/out decentralized exchanges and ATMs.

    Posted: 25 Mar 2018 04:21 AM PDT

    Took Notice of a Great Article: Crypto Market Insights - Interest in the Space Continues to Increase Dramatically Despite Recent Bearish Tendencies

    Posted: 25 Mar 2018 10:01 PM PDT

    This Week In Bitcoin: A New Dawn

    Posted: 25 Mar 2018 10:00 PM PDT

    Eligma — Everything I never told you

    Posted: 25 Mar 2018 12:08 PM PDT

    Cryptocurrency Day Trading Tips for a Steady Income

    Posted: 25 Mar 2018 08:59 PM PDT

    Over 158,000 NEO raised in 24 hours. Stage 2 of the Effect.AI Token Sale is now live.

    Posted: 25 Mar 2018 03:55 AM PDT

    ICO Daily News Digest: Pablo Escobar brothers cryptocurrency, Benefits of Blockchain, Fujitsu’s “Blockchain Innovation Center”

    Posted: 25 Mar 2018 06:37 AM PDT

    Havven (HAV) Is Now Available On KuCoin

    Posted: 25 Mar 2018 04:01 AM PDT

    Passive Income for the Average Trader?

    Posted: 25 Mar 2018 12:19 PM PDT

    A lot of my time during bear markets is spent researching. I aim to find new and exciting opportunities to make the most of unfavourable market conditions. A lot of these are coins with real world adaptions and strong fundamentals. (NANO, VEN, ICX)

    One of my favourite ways to find articles I might normally miss is by setting up Google Alerts, every morning I wake up and check my email for a list of the most relevant articles based on my keywords. (Cryptocurrency, Blockchain, Bitcoin, Fintech etc.) This morning I was shown an article on Medium. "Top 5 Fintech Blockchain Projects of 2018" 4 of the 5 projects outlined were already in the top 50 of Coinmarketcap. Obviously this post isn't about any of those, it's #2, FIC Network. (https://medium.com/@professorpopo12/top-5-fintech-blockchain-projects-of-2018-17996ac95948)

    From their website "FIC is a blockchain-based network that will enable users to list, buy, and sell any type of crypto or fiat fixed income financial instrument including: Loans, Bonds, Collateral Loan Obligations, Loan Syndication, Credit Default Swaps and Futures." Which essentially will allow companies to raise money from crypto investors in the form of bonds. The companies then pay back what they've borrowed to all investing parties with an added interest. I see it sort of like depositing fiat to your bank account and letting it collect interest.

    With such unpredictable market conditions, if you're like me then you're trying to find the next best source of passive income, usually in the form of masternodes. However, passive income these days is ironically very expensive. I certainly don't have the capital to buy a VeChain X node, and personally don't feel the smaller nodes give enough of a return to be a worthwhile investment.

    What I like about FIC is their claim for Expected Cash Flows (ECF's) which is a new type of investment vehicle that is easilly accessible to the average investor. The general idea is that when a user loans money through the network, it can then be repackaged with similar pieces of debt (maturity times, interest rates, loan amounts) and bought in pieces by multiple investors. As the debts get repaid, each investor knows they will have an expected cash flow of X amount per month, or even have the freedom to choose when they receive payouts (E.g Lump sum at Christmas) until the loan is repaid.

    I see FIC potentially opening the door up to smaller stack investors like myself to receive passive income, without the insane initial capital requirements of Masternodes. Groups of investors could put forward what they want to invest, until the required amount is raised for the company, and then each individual receives a return on their investment in the form of interest. Sounds simple enough!

    Is this coin on anyones radar? Have you found a similar project that I should be looking at instead? I'd love to create a discussion.

    submitted by /u/Southlane
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    Kora - A blockchain-based infrastructure for inclusive financial systems

    Posted: 25 Mar 2018 07:02 PM PDT

    Mossland

    Posted: 25 Mar 2018 06:54 PM PDT

    StealthCryptoâ„¢

    Posted: 25 Mar 2018 06:41 PM PDT

    Understanding crypto market pairs question

    Posted: 25 Mar 2018 02:39 PM PDT

    Hey gang,

    I know the staying "no such thing as a stupid question", but I have one:

    On Gdax, the pair is ETH-BTC. I would expect that when I call "buy" on this, that the first item in the pair would be the Base and the second the market. Therefore, I would be "buying" BTC using ethereum -- This doesn't seem to be the case. When I buy, it appears as though I am purchasing Ethereum.

    On bittrex, the pair is reversed. BTC-ETH. When I call "buy" on there, it acts as I would expect -- I am purchasing Ethereum using Bitcoin. When I sell, I am selling ethereum for bitcoin because the second is the market.

    I think I'm just really confusing myself. If anyone could offer any sort of help explaining the pairs that would be most appreciated, or the reason for the discrepancy.

    Thanks in advance.

    submitted by /u/Dipsendorf
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    Golem: Software service marketplace for developers

    Posted: 25 Mar 2018 07:47 AM PDT

    Who owns all the bitcoins?

    Posted: 25 Mar 2018 06:16 PM PDT

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