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    Cryptocurrency Daily General Discussion - March 24, 2018

    March 24, 2018

    Cryptocurrency Daily General Discussion - March 24, 2018

    Daily General Discussion - March 24, 2018

    Posted: 23 Mar 2018 11:12 PM PDT

    Welcome to the Daily General Discussion thread. Please read the disclaimer, guidelines, and rules before participating.

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    submitted by /u/AutoModerator
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    Binance To Add "USD To Crypto" Trading Pairs Soon

    Posted: 23 Mar 2018 03:07 PM PDT

    Binance Crypto Exchange to Offer Fiat-to-Crypto Pairing after moving to Malta - RIP Coinbase

    Posted: 23 Mar 2018 08:28 PM PDT

    NANO Milestone Hit: Release of Universal Blocks!

    Posted: 23 Mar 2018 10:11 AM PDT

    Pump and Dump for dummies

    Posted: 23 Mar 2018 11:55 PM PDT

    2018's Bull Run On the Way! A *MUST READ* Analysis

    Posted: 23 Mar 2018 11:48 PM PDT

    Disclaimer: DYOR and only trade on your own accord. I am currently not invested in BTC or LTC. This is just my opinion.

    So...I want to tell you why I think crypto's bull run is about to start from both a fundamental and technical viewpoint. Here we go!

    Fundamentals:

    Well, cryptocurrencies are currently undergoing a massive adoption period. Whereas the previous bull run was largely based on speculation and perceived value, this bull run will largely be dependent on use cases. Cryptocurrencies as a whole are gaining media attention every day. CNBC recently had a "Fast Money Goes Crypto" episode, Forbes & Bloomberg have at least one article on Bitcoin a day, I recently saw an IBM Blockchain ad on national television, and Trump even banned purchases of Venezuela's shitcoin (although this may look bad if someone doesn't know what crypto is). People are becoming more aware of crypto as a part of everyday life, even if the initial Bitcoin hype-train has died down. Litecoin and several other cryptos have launched payment processors that make it much easier for merchants and retailers to accept cryptos as real methods of payment.

    Moreover, given the additional attention that the United States' state and federal governments have paid to the market, crypto has gained legitimacy. A few states have now begun to accept tax payments in crypto, and the SEC has stated it would likely take a "regulate, don't hinder approach." Combined with the recent statements from the Congress' economic report on cryptos, the state of the market is overall bullish.

    Finally, the largest exchange, Binance, is moving to Malta in an attempt to avoid excessive regulations from the HK government. They have also announced a MAJOR development with possible altcoin/USD fiat pairing in the near future. This is yet another bullish event for all of crypto.

    Now for the technical analysis...

    I will be using BTC and LTC charts to further support my points. (I believe these are given the most legitimacy by their exposure and fiat pairing on Coinbase. I am avoiding ETH because I have a few fundamental issues with it.)

    Bitcoin: https://www.tradingview.com/x/KH05w6Ln/

    You see that bull flag on the hourly? It feeds into this inverse head and shoulders. --> https://www.tradingview.com/x/mQyJpScu/

    Now you see that inverse head and shoulders, it feeds into this inverse H&S. --> https://www.tradingview.com/x/ZmyPKYpZ/

    Now you see that inverse H&S? It feeds into THIS inverse H&S! --> https://www.tradingview.com/x/yaoFHvea/

    Now you see that inverse H&S? Look at it again. The neckline forms the resistance line of an absolutely gigantic symmetrical triangle. The lower support line of the symmetrical triangle of the symmetrical triangle is a very long-term support line.

    So what does this all mean? Bitcoin is all about the fractals! It's insane how many inverse head and shoulders patterns are feeding into each other, not to mention the huge symmetrical triangle that is forming the neckline. A breakout from the small bull flag in the right shoulder could set off a chain reaction resulting in a ton of successively larger breakouts. Given that these are all bullish formations, this is giving us a STRONG signal that BTC is headed up to possible new ATHs from here.

    You know what else? A very influential trader named Peter Brandt said that trades really work when all of the timeframes line up. Well, guess what...all of these formations are currently being validated by bullish MACD crossovers across all timeframes! Even the daily chart, which has been stuck in a bearish MACD crossover this whole bear market, recently crossed over in a bullish manner.

    Further proof: https://www.tradingview.com/x/BmRfYDlX/

    You see Litecoin's chart? THE EXACT SAME FORMATIONS ACROSS THE BOARD! The future of crypto is in the charts, it's in the symmetry, and it's all around us.

    I'll update as we go. If I'm wrong, I will admit that I'm wrong, but I am highly bullish as of now. We've gone through our moon, our retracement, and our consolidation. Now it's time to start a new chapter in crypto, one of mass adoption. There's beauty in the charts. Keep an eye out for the breakouts! Good luck all, happy trading, happy HODLing, happy whatever! :)

    TL;DR: Extreme confidence in bullishness.

    Update: Seems like there's always a price drop in the late night/early morning hours. It's almost like the bears read my post and are intentionally trying to ruin my reputation. Good news is, even if the bull flag is invalidated by the close of the next candle, we still have all of the inverse head and shoulders patterns that tell us a reversal is in the cards.

    submitted by /u/NYPoker
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    EOS is blatantly viewbotting its YouTube videos

    Posted: 24 Mar 2018 02:19 AM PDT

    Iota best choice I have made.

    Posted: 23 Mar 2018 10:07 PM PDT

    How can CoinMarketCap continue to market scam ads like this. "BunnyCoin - Price will double up by 25th May". This after all the money they made from Bitconnect banners SMH.

    Posted: 23 Mar 2018 04:08 PM PDT

    My opinion of the crypto currency markets lately...

    Posted: 23 Mar 2018 07:26 PM PDT

    Blockchain bill passes: Smart Contracts Now Recognized Under Tennessee Law

    Posted: 23 Mar 2018 03:52 PM PDT

    Ark and Nano are my favorite coins and theyre wrecking my portfolio.

    Posted: 23 Mar 2018 08:17 PM PDT

    Currently hodling 10k ark and 2k nano and they've wrecked my portfolio lately.

    Can someone give me a genuine reason to hodl my positions or give me a reason to sell low to buy other coins.

    I want to increase my positions in NEO, IOTA, XMR, PRL, ELA. Can someone give me genuine advice as to why or why not to sell half of my positions in these plummeting coins (in BTC value) instead of hodl.

    submitted by /u/Cryptorich13
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    ICON ($ICX) is a sleeping giant

    Posted: 23 Mar 2018 03:14 PM PDT

    BrainBlocks and Nano, two months on!

    Posted: 24 Mar 2018 01:22 AM PDT

    Holding only works if the asset goes back up. Many ICO buyers are down and saying "HODL" and grasping on to hope. Hope doesn't care. In many cases the money is gone forever and will never return no matter how long you hodl. Such is the peril of buying crap.

    Posted: 23 Mar 2018 02:02 PM PDT

    Co-Founder of IOTA, Dominik Schiener at Markus Lanz show (english subtitles)

    Posted: 23 Mar 2018 11:19 PM PDT

    Verge cryptocurrency asks users for $3M to reveal a ‘potential partnership’

    Posted: 23 Mar 2018 10:24 PM PDT

    BREAKING: Santander to be "first large retail bank to carry out cross-border payments at scale with blockchain" using Ripple

    Posted: 24 Mar 2018 03:35 AM PDT

    Fujitsu will have a live product presentation using IOTA at Hannover Industry Convention

    Posted: 23 Mar 2018 10:50 AM PDT

    Your coin increases 40% - 200% in value over night. What do you do?

    Posted: 23 Mar 2018 09:55 PM PDT

    I'm curious as to what people here do when they see their coin skyrocket in value. Do you continue to hold?

    I was heavily invested in XRP in late-October. I saw the coin go up to the high-3s (USD) probably 5x. I saw it do the same for 1.50 and the 2s probably another 5 to 10x.

    I stupidly followed the advice here to hold and not sell. I was new to this scene. I thought that it will continue to go up no matter what. It has already hit the high-3s. It will definitely hit it again and stay there and then hit 10, maybe even 100$. After all, that's what holding is all about, right?

    Let's say I had purchased 1000 XRP and sold it each time it had it hit 3.50 USD, and then bought back in when it hit 2 or mid 1.50s, I'd have a few thousand XRP. Had I done it every time it pumped, I'd have 10000+ XRP.

    When I made my purchase, I had never invested a penny before. So this was all new to me.

    I lost about 50% of USD investment but I now hold substantially more coins than I did when I made my initial purchases due to day and weekly trading.

    I have learned that holding is not always the best advice. If you see your coin go up 20% then down 30% then you 40 and then down 20% or whatever amount, I recommend you should consider tethering to Ethereum or Bitcoin. Wait for your coin to drop and then buy back in.

    Curious as to why people think holding is a good idea?

    submitted by /u/RoadTo91KG
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    If you're new. beware of Pump and Dump groups

    Posted: 23 Mar 2018 02:59 PM PDT

    The sole purpose of PnD groups is to make the organizer wealthy. In theory it sounds great, you and a few other people will buy and then rally behind one coin to drive up the price. Then when you hit the goal, the selloff begins. You might win a little, but you could lose a lot. In the end all you are doing is generating false profits for the one or few people that created the group. Not too mention that it makes the whole market more scammy.

    submitted by /u/HipOGear
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    Yahoo Japan is Launching a Cryptocurrency Exchange

    Posted: 23 Mar 2018 06:55 AM PDT

    Best platform for airdrops - Track, filter and report functions!

    Posted: 23 Mar 2018 09:55 PM PDT

    Blockport's (social-focused decentralized exchange) Beta launches in 6 days (March 29th) with fiat gateway and updated UX!

    Posted: 23 Mar 2018 03:41 PM PDT

    The BPT token is around ICO price right now; perfect entry point for a social/community-focused exchange which will utilize ARK's platform, allow you to maintain your own private keys, and will offer portfolio copy trading with other Blockport users. Lots of use-cases for the token, and the team (with 20 devs) is super transparent and driven.

    https://medium.com/blockport/beta-launch-article-2-3-1033e9c7a7df

    submitted by /u/Coelestia78
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    Yahoo (yeah the Tech giant from 2000s ) is launching their own crypto exchange

    Posted: 23 Mar 2018 11:54 PM PDT
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