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    Cryptocurrency Daily General Discussion - March 29, 2018

    March 29, 2018

    Cryptocurrency Daily General Discussion - March 29, 2018

    Daily General Discussion - March 29, 2018

    Posted: 28 Mar 2018 11:11 PM PDT

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    submitted by /u/AutoModerator
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    Ignore the conspiracies, this is why crypto crashed...

    Posted: 29 Mar 2018 12:06 AM PDT

    It's not that complicated tbh;

    • Majority of people who bought in dec/jan don't even understand what bitcoin is
    • Majority of people who bought in dec/jan bought to "get rich quick"
    • Majority of people who bought in dec/jan don't believe in bitcoin
    • They sell when price goes down and have very very very weak hands
    • Bitcoin goes down = Everything else goes down
    • This selloff is the result of these people being shaken out

    Bonus points:

    • Coinbase was #1 trending app on app store
    • Literally everyone I knew that I told to buy bitcoin at start of 2017 was calling me the "crypto expert" asking me to help them buy crypto
    • Crypto was in literally every major news outlet and all over social media to the point that it had become a meme

    While there may be a chance that whales are playing a part in this, the main reason for this crash is that we were overhyped and people expected too much from an asset class that has very little real-world adoption. Stop playing with conspiracy theories and trying to deny the most obvious facts.

    If you bought in dec/jan and are still here, congrats. The fundamentals behind bitcoin is at an all time high (LN, segwit, wallets etc.).

    It may be a few months/years before the hype has died down and then we will slowly crawl back to a new ATH.

    submitted by /u/Anonymous-Kid-Cookie
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    I just got this email at work. Company wide. Pardon my picture of the screen.

    Posted: 28 Mar 2018 01:30 PM PDT

    OmiseGo and Vitalik Buterin donating $1M to refugees. This quote from the relevant blog post stuck me as very special: "We hope the fortunes made in the crypto space will lead not to extravagant lifestyles but to extravagant generosity."

    Posted: 28 Mar 2018 03:29 PM PDT

    Coinbase truly has the worst customer service I have ever seen.

    Posted: 28 Mar 2018 09:40 PM PDT

    I am just absolutely appalled. I really don't see how I can continue my relationship with them.

    I will spare you the details, but a bug happened in their system. I have been a long time user with high limits (instant deposits of $25k a week etc.)

    I can easily spend $2k a day in gdax fees alone when I am really trading

    You would think they would try to help me?

    God no. 25 canned responses from junk customer service representatives. For the love of god what does it take to have an actual human try and help a good customer?

    I am done with you Coinbase. You really are the worst and we deserve better.

    Please upvote this.

    submitted by /u/cryptolovelife
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    I made a slack channel for people to talk trading and learn TA

    Posted: 28 Mar 2018 11:02 PM PDT

    Justin Sunerok (Verge CEO) has his funds frozen

    Posted: 28 Mar 2018 03:15 PM PDT

    For the first time since the official ICO ban in China, Chinese citizens are allowed to participate in an ICO (NEX), on NEO.

    Posted: 29 Mar 2018 01:00 AM PDT

    Does anyone else think it's highly suspicious that Verge's enigmatic crowdfunding campaign is occurring at the same time its creator is complaining about needing money because "taxes are due"?

    Posted: 28 Mar 2018 06:39 PM PDT

    I would normally don my tinfoil hat for a post like this, but the timing of the two occurrences seems too conspicuous for chance. First, disclosures: I own no cryptocurrency and don't plan to invest, but enjoy watching the space.

    As we all know, Verge recently sought to raise funds for a mysterious "joint venture" with an unknown partner. Without providing any form of proof, Verge leadership claimed that they needed to raise around $3 million dollars before the partner could be revealed. (This alone makes no sense.) To everyone's surprise, that goal was met. Then Verge balked, insisting it couldn't actually reveal the partnership until April 16th. In the meantime, the public is left with little or no information.

    Flash forward to today, and we find Verge's creator posting about needing to withdraw to fiat on Coinbase because "taxes are due."

    Coincidence?

    submitted by /u/Orbalisks
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    Forbes shills Bitcoin for us!

    Posted: 28 Mar 2018 04:07 PM PDT

    Before and After Bitcoin Futures

    Posted: 28 Mar 2018 11:42 AM PDT

    Why I think the Chinese Government might be reconsidering their Crypto Ban and how IOST & QTUM are involved

    Posted: 28 Mar 2018 02:16 PM PDT

    What's up, guys? Did any of you hear about the pro-crypto news coming out of China? This week, the country's largest newspaper, the People's Daily is hosting an event called the Chain, Future, Spring blockchain seminar.

    If you aren't familiar with the People's Daily; it is the official newspaper of the Chinese Communist Party and one of the largest publications in the region with a current circulation of 3 million readers. The paper is published in over 12-languages and provides direct insight into the Chinese Communist Party's intentions and views.

    This is a huge deal for the entire cryptomarket as the People's Daily is literately the voice of the Chinese government and the fact that they are hosting a crypto-event, signals a change in tide may be ahead. According to the newspaper's website, this event will include in-depth discussions on blockchain technology and how to implement it into the current economic situation.

    The conference features an epic line-up of FinTech professionals, developers, and founders. This event is truly a "who's-who" of the Chinese blockchain sector. Financial experts from multiple firms will be speaking throughout the seminar discussing different aspects of blockchain implementation. Some notable speakers are Yang Ning, the Founding Partner of LeBron Capital and the Chairman of Chenxin Technology, Feng Wenjie.

    Only two cryptocurrencies were invited to speak at this important conference that could potentially steer the entire cryptomarket over the coming months. The two cryptocurrencies that the Chinese government feels are most suitable for the tasks at hand - IOST and QTUM.

    It seems Chinese officials are ready to loosen the reigns on their ICO ban and I think they are planning to utilize IOST and QTUM as the only approved platforms at this moment. Chinese adoption would catapult both of these cryptocurrencies to new heights and an exclusive agreement with the Chinese government could mean both of these cryptos are about to see some movement.

    The market is responding well to the news and both currencies are showing strong signs of upside movement. IOST is up around 40% in the last 7 days, with QTUM showing similar upwards movement. Hodlers will have been very glad to see this in the sea of red most other coins have had.

    IOT projects are going to be really big in the future as IOT gains traction. You could see IOST gain some major value over the coming days as the news out of China continues to reverberate throughout the cryptomarket.

    The cryptomarket took a hit last August when Chinese officials decided to start enforcing anti-crypto legislations such as banning ICOs and closing all the locally operated exchanges in the country. Despite this obvious anti-crypto stance, the Chinese government has continued to fund blockchain-related projects that have been proven to increase the efficiency of their governmental process and China is still home to the largest BTC mining facilities in the world.

    If China is to re-enter the Cryptomarket it would definitely push the market capitalization through the roof. China was at one point the industry leader of the cryptomarket and you have to imagine that the government officials that sold the idea of anti-crypto legislation last year are now looking pretty dumb as their neighbours South Korea and Japan are experiencing market booms thanks to pro-crypto legislation.

    This latest seminar could signal a switch in the Chinese's stance on cryptocurrencies. You have to admit it is interesting that they extended an invitation to IOST and QTUM developers only. It appears that there are going to be at least some crypto platforms that will be approved to host ICOs in the future.

    There have been some clues that this may be exactly what is occurring, as earlier today, the People's Bank of China (PBoC) announced the launch of their Blockchain Registry Open Platform. This seems to be the first of many, blockchain platforms the PBoC has been secretly developing.

    It is awesome to see China start to change their stance towards the cryptomarket and it is really impressive that IOST and QTUM were able to get in, I think it's a really big deal. To me, its a code that the Chinese government is okay with people running ICOs through IOST and QTUM.

    You can bet this seminar will have the attention of the entire cryptomarket as analysts have been saying for months now that China's ban is only temporary. It looks as though a few coins may be getting the green light to operate in China. One thing is for sure, this is a huge opportunity for all the parties involved in the event, especially, IOST and QTUM; who could see some serious upside movement over the coming days.

    If the Chinese government are doing what I think they are doing, (allowing the launch of ICOs through QTUM and IOST) these projects will blow up. Chinese money reentering ICOs would be huge. I really am excited.

    What do you guys think? Are IOST and QTUM about to see some movement? Let me know, I want to hear it!

    submitted by /u/Scafell1
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    Monero Community has gotten together and made the Monero wallet supported in another 12 languages.. Like the coin or not, this is always a beautiful thing to see in open source projects :)

    Posted: 28 Mar 2018 09:46 AM PDT

    CEO of Abra Expects Mega Bull Run Rally Within Months "All Hell Will Break Loose"

    Posted: 28 Mar 2018 09:56 PM PDT

    This is nonsense... right? Conspiracy Theory: "4th Dimension: Bitcoin-Manipulation-Cartel — Price-Suppression is their Goal".

    Posted: 28 Mar 2018 07:35 PM PDT

    Oyster SHL Airdrop scheduled Apr.6 - 1:1 Ratio for PRL hodlers!

    Posted: 28 Mar 2018 02:56 PM PDT

    Sub-second transfer speed of Nano from Canoe to Canoe wallet

    Posted: 28 Mar 2018 11:37 AM PDT

    Guess what, the Chinese are back

    Posted: 29 Mar 2018 01:06 AM PDT

    https://www.ft.com/content/b9b3deb4-3184-11e8-b5bf-23cb17fd1498

    "After a two-year wait, Chinese regulators have revived a programme allowing global asset managers including JPMorgan Chase to raise funds from Chinese onshore clients for investment in offshore hedge funds."

    Guess where half of that money is gonna go to? Cryptos! Haha

    submitted by /u/chewchun
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    Julie Maupin of IOTA and Lman Chu of BiiLabs meet with the Taiwanese Parliament to discuss applications for IOTA in smart cities

    Posted: 28 Mar 2018 10:15 PM PDT

    China to Participate in ICO based on NEO (Nex) with Japan and South Korea

    Posted: 29 Mar 2018 01:50 AM PDT

    Haven’t cleaned out my old phone tabs in a while

    Posted: 28 Mar 2018 10:32 AM PDT

    CNBC article about 2018 crypto-slaughter's sole survivor: VeChain

    Posted: 28 Mar 2018 10:51 AM PDT

    May I guys remind you what a shitshow Dec/Jan was?

    Posted: 29 Mar 2018 01:38 AM PDT

    I would definitely pay the prize for the market getting mature. Begining of the year was flooded with PnD, pointless shilling. I just couldn't stand that. Right now I see articles about Monero, about VeChain. Bitconnect is dead, Davor as well. I know it may hurt you personally but cryptocurrencies are stronger than ever.

    submitted by /u/Destruktors
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    Bitfinex exchange negotiating moving to Switzerland

    Posted: 28 Mar 2018 05:59 AM PDT

    Down With The Ship...

    Posted: 29 Mar 2018 01:52 AM PDT
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