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    Monday, March 5, 2018

    Crypto Currency Markets [r/CryptoMarkets Daily Discussion] - 05/Mar/2018

    Crypto Currency Markets [r/CryptoMarkets Daily Discussion] - 05/Mar/2018


    [r/CryptoMarkets Daily Discussion] - 05/Mar/2018

    Posted: 04 Mar 2018 10:05 PM PST

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


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    Thank you in advance for your participation. Enjoy!

    submitted by /u/AutoModerator
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    My portfolio before and after January (x-post from r/cryptocurrency)

    Posted: 05 Mar 2018 03:03 PM PST

    Bitcoin is one of the most traceable currencies, digital forensics expert says

    Posted: 05 Mar 2018 04:52 AM PST

    I hate it when coin holders beg others not to sell, speak of a “community,” and root for their coin like a football team/religion. It feels like the twilight zone

    Posted: 05 Mar 2018 06:19 PM PST

    As someone who does finance for a living, and understands how incredibly critical and proactive equity investors can be, these crypto fanboy posts seem like peak silliness, immaturity and idiocy. They also make cryptos seem like Ponzi-esque houses of cards that really depend on people not selling to support their prices.

    Whatever happened to market based valuations, objectivity and sober, rational and unsentimental analysis? I hate these "community" posts with the fire of a thousand suns.

    That is all. Have a nice day lol

    submitted by /u/kdot8686
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    Coinbase Hit By Lawsuit In Regards To Inside Trading

    Posted: 05 Mar 2018 06:44 AM PST

    Merriam-Webster Adds "Cryptocurrency", "Blockchain" and "ICO" to Their Dictionary

    Posted: 05 Mar 2018 03:31 PM PST

    Nothing turns me off more when researching a new Crypto.

    Posted: 05 Mar 2018 05:39 PM PST

    25 notable Cryptocurrencies

    Posted: 05 Mar 2018 06:49 PM PST

    Coinbase Profit Template

    Posted: 05 Mar 2018 08:26 PM PST

    Here it is! I made a public accounting template spreadsheet for Coinbase. It's in Google Sheets, which you can run from an internet browser with a Google account and you don't need a Google account. The idea is that anyone can copy this template, import their transaction history into it, and it will tell you how much USD money you made during a given time period (from Jan 1, 2017-Dec 31,2017 for instance).

    I've just been working on it for my own sake, but I figure others might appreciate it too. I think it'll be difficult for the IRS to actually audit/sue/tax users from Coinbase, but they have demanded Coinbase turn over their records, and I don't intend to be caught off guard. I am not encouraging you to do anything, just providing this option for those who are interested.

    Also, this is not an attempt to invade your privacy. Using the template would save your data to your browser. I don't know if the data is saved on Google servers, but I'm using them because Google Sheets is so convenient.

    You can see what the spreadsheet offers in the following images:

    https://imgur.com/a/E3CIc

    If you want to try it yourself, the link is below. I appreciate any feedback, either in the thread, or you can add comments to the spreadsheet itself.

    https://docs.google.com/spreadsheets/d/1OKMqr2G6bMrKu_Fpl9z15c-z82EZYAGoddSBnTd-leQ/edit?usp=sharing

    Updates

    Shucks, there was a minor mistake I made. The totals on the main page didn't add up everything, but they will now. You'll have to make a new copy to get it to work properly.

    submitted by /u/RaptorDoge
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    Intel Uses Blockchain Technology to Track Seafood Internationally

    Posted: 05 Mar 2018 08:01 PM PST

    Joker GIF - Everyone Loses Their Minds When There's a Bitcoin Correction

    Posted: 05 Mar 2018 07:49 PM PST

    Proof of Work vs. Proof of Stake Explained

    Posted: 05 Mar 2018 04:29 PM PST

    Full Educational Review of PoW vs. PoS - https://youtu.be/VTgi8lkPfv8

    Hope that this video can benefit the cryptocurrency community as a whole.

    Thanks!

    submitted by /u/CryptoLiveLeak
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    Crypto Disrupdate - Waltonchain, $POLY, Coinbase, $ICON

    Posted: 05 Mar 2018 03:00 PM PST

    How Token Sales Will Change The Way Startups Are Funded

    Posted: 05 Mar 2018 08:50 AM PST

    Experiment - Top 10 Crypto "Index Fund" 2018 - Feb. Update

    Posted: 05 Mar 2018 06:41 PM PST

    Video summary here

    Steemit summary here (Includes screenshot of detailed/nerdy spreadsheet)

    tl;dr/w - it's not going well. Only LTC and BTC up in February, only ETH in the green so far this year.

    The experiment: Instead of hypothetically tracking cryptos throughout the year, I made an actual $1000 investment, $100 in each of the Top 10 cryptocurrencies by market cap as of the 1st of January 2018. I'm trying to keep it simple and accessible for beginners, a type of homemade Index Fund (and hopefully a bit of a proxy for the entire cryptocurrency market) for those looking to get into cryptos but maybe not quite ready to jump in yet.

    The Rules: Buy $100 of each the Top 10 cryptocurrencies as of January 1st, 2018. Run the experiment 365 days. Hold only. No selling. No trading.

    Month two (February) update: February Winners - Litecoin, easily - up 42% in the month of February. Litecoin was followed by Bitcoin, up about 20%. February Losers - NEM wins first loser, cut nearly in half, down -45% followed by Cardano and Stellar Lumens both down about -32% in February.

    Overall update - Ethererum in the lead, NEM flailing Since the beginning of the year, only one of the Top Ten cryptocurrencies is in the green: Ethereum, up a total of about 20%. Worst performer so far this year? NEM, down a whopping 58%.

    Bitcoin dominance: Up to nearly 42%, a massive move from the end of January, when it held only 33% market dominance.

    Total Market Cap for the entire cryptocurrency sector: Shrunk further from 485B at the end of January to 462B currently (down about 5%).

    Overall return on investment from January 1st, 2018: $1000 initial investment is now worth about $680, a -32% decrease.

    Implications: Just look at the winners for the month and for the year so far: Bitcoin, Ethereum, Litecoin. The big three. With the overall market cap not shifting much over February (down 5%) there doesn't appear to be much new money coming into crypto. Instead, investors already in the space are shifting from altcoins to cryptos they perceive as less risky, namely BTC, ETH, and LTC.

    It also appears that just focusing on the Top Ten may not be a winning strategy in 2018 as the Top Ten are down -32% so far when the overall crypto market is down only -19%. Only!

    Another one of the underlying questions for the experiment is: considering how much growth there was in 2017, are cryptos still good place to put your money in 2018 compared to other investments? To have something common to compare the cryptosphere to, I will also be tracking the S&P 500. The stock market had a pretty rough February as well and the S&P is down quite a bit for the month. And since the beginning of the year, January the S&P 500 has only seen a 1% increase.

    Conclusion: If the experiment ended today, the story would be that 2017 boat had sailed and that crypto was a horrible investment decision in 2018. In fairness, the stock market hasn't been much fun either so far this year. With 20/20 hindsight, if re-given the choice to invest the initial $1k in the Top Ten cryptos and being down -32% or being up 1% (S&P 500) I'd probably pick: neither. I would have been better off in a high interest savings account! That said, a year is a long time. It does feel like crypto has bottomed out and the optimists are gearing up for a bull run. I'm committed to sticking it out so stay tuned.

    submitted by /u/Joe-M-4
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    How Blockchain Will Transform Accounting

    Posted: 05 Mar 2018 08:52 PM PST

    Expanding the world of products available on decentralized exchanges

    Posted: 05 Mar 2018 08:22 PM PST

    One issue with the existing decentralized exchange (dex) ecosystem is the limited offerings that are available to participants. Confined to the ERC20 world, traders must transition to a centralized service if they would like to gain access to cross chain assets (ETH/BTC for example). Additionally, there is no path for anyone to gain exposure from crypto to real world assets, like AAPL/USDT, even from a centralized service. Usually, traders are looking to gain price exposure to an asset and do not care about actually taking custody of that asset. For instance, if a trader thinks bitcoin will rise in value and wants to make a profit, they don't actually need or perhaps even want to hold bitcoin, rather just earn profit from its price appreciation.

    https://medium.com/market-protocol/expanding-the-world-of-products-available-on-decentralized-exchanges-2d908667268d

    submitted by /u/Surf4peace
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    A shirt that articulates what is in my heart

    Posted: 05 Mar 2018 08:19 PM PST

    How Wanchain can Replace Modern Day Banks

    Posted: 05 Mar 2018 05:43 PM PST

    The Crypto Bandwagon Experiment Week 9: Buying the top 7-day % increase (Up +94.57% overall. Down -1.99% this week)

    Posted: 05 Mar 2018 01:07 AM PST

    Paying and Receiving Commissions Easily With PumaPay

    Posted: 05 Mar 2018 09:54 AM PST

    Mar 05 2018 Important Crypto News

    Posted: 05 Mar 2018 10:17 PM PST

    $WFEE listed on okex.

    Posted: 05 Mar 2018 09:56 PM PST

    6 Reasons why TrueReply is headed for Success

    Posted: 05 Mar 2018 08:14 AM PST

    Requesting suggestions for coin tracking and trading app that can handle ICO, new tokens, etc? CoinTracking.info was my go to but they have issues.

    Posted: 05 Mar 2018 09:42 PM PST

    Is there anything new out there? I'm considering just rolling my own or using a fancy Excel sheet.

    CoinTracking does a lot, imports from many exchanges, bulk imports, etc. but they lack in a few key areas:

    1. Token matching - imports often have conflicting token identifiers and the wrong one is matched up
    2. Ignoring unknown tokens - If I have a ICO token or one that their API provider hasn't listed yet (even if it is on coinmarketcap) they totally ignore it. The line item is there, I give it a value at time of purchase, but they ignore it in all their reports. They have no suggestion except to refund me.
    3. No updates - The site has very little change to it. The layout hasn't changed since I started using it, years ago. The import list doesn't really get any longer.

    While they have a flexible import function, they are missing the mark on key issues for me. They let me save profiles for importing, so why not allow sharing of those profiles across all users? If they don't know a token, fine, don't give it updated values but at least acknowledge it in the report... otherwise it is just lost. If it isn't on my balance sheet how would I know it existed in my account? There is no way to find it in a myriad of trades that are inputted. It seems like a fairly basic concept, they allow any token name to be entered, just output what you know about it instead of ignoring it.

    I've checked out many.. Delta, a few other phone apps... phone apps are garbage, this is not the stuff for phone apps. Yes, a companion app but it has to be a software (meh) or web app to start. If CoinTracking got their shit together the would really own it. Sigh, I program for a living and I really don't want to do it at night and on weekends more than I do now. Someone, help!

    submitted by /u/whodkne
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    Location-based augmented reality(AR) Mobile game based on real estate

    Posted: 05 Mar 2018 06:11 AM PST

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