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    Cryptocurrency Daily General Discussion - March 31, 2018

    March 31, 2018

    Cryptocurrency Daily General Discussion - March 31, 2018

    Daily General Discussion - March 31, 2018

    Posted: 30 Mar 2018 11:12 PM PDT

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    submitted by /u/AutoModerator
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    Telegram Scammer trolled by Founder

    Posted: 30 Mar 2018 09:34 PM PDT

    When in doubt, zoom out

    Posted: 30 Mar 2018 10:20 AM PDT

    Facebook bans crypto ads? - Ok, lets delete facebook!

    Posted: 30 Mar 2018 12:06 PM PDT

    Why this drop means nothing.

    Posted: 31 Mar 2018 12:10 AM PDT

    Here is what I noticed whenever Cryptocurrency reaches an all time high.

    1. Cryptocurrency reaches an ATH unprecedented growth. Gets a bunch of news coverage for a few months. The world is watching. It just keeps rising.

    2. Too-late and FOMO investors moan and cry because they did not have the chance to invest in it when it was lower.

    3. They continually ask "Is it ever going to dip again, or should I just just buy now?"

    We see this often. Hundreds of posts asking if it will ever drop again so they can have a second try at investing. They look at the price months ago and think "Damn, I wish I had the chance to invest when it was only $X. Should I just buy now, or wait?"

    Crypto finally drops to $X, now giving those people a second-chance to invest

    "Welp. Cryptocurrency is dead now."

    Cryptocurrency makes a recovery, and then repeat above.

    submitted by /u/ProTruth
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    Bitcoin Monthly Trends Heatmap

    Posted: 30 Mar 2018 12:42 PM PDT

    Oyster PRL

    Posted: 30 Mar 2018 07:44 PM PDT

    In good spirits and excitement, I figured I would share a little bit of information and speculation from over in /r/oyster that some of you might appreciate. I know most of you have probably heard of PRL and while maybe it didn't interest you initially, I would highly recommend that maybe you take another look. Especially with mainnet and an airdrop of its mesh net token, SHL this next month.

    For the uninitiated, each PRL is going to be pegged to a certain amount of data storage (consistently increasing over time through the use of a smart contract to combat cheaper data storage in the future and secure it is an appreciating "asset") ranging from a minimum of 64 gigabytes to some potentially much higher initial value. One PRL token will give the owner the ability to store the pegged amount of data on IOTA's tangle (decentralized, secure and anonymously) for an entire year. This would obviously be an alternative to Dropbox and other online web storage services and you can make the calculations for yourself as to what the intrinsic value of each token could range between, as I don't want this to be monetary focused but rather implicative of potential usecase and transformation of crypto markets as the project improves and continues to deploy. Here is a post I made in /r/oyster a few days ago which really opened my eyes to how beneficial PRL could be to cryptocurrency as a whole, since we will have a more stable, secure and trusted market.

    I have been posting a lot lately, probably too much, but I was thinking that when PRL gets pegged to Gigabytes of storage, the price will likely stabilize. Market value of storage will stay pretty consistent and it seems PRL could be the new Tether. With the ability to buy and sell straight to fiat, this could really help decouple alts from Bitcoin. Maybe offer more liquidity to the market and more confidence. Just sharing my thoughts!

    This was the response that I received from one of the Oyster community managers, (if someone could comment instructing me on how to link their username that would be great because I don't know if I did it right) courtesy of u/MrRedPanda

    "You are summing up exactly what Oyster PRL is aiming to be. The free market will decide what the actual value of decentralized anonymous storage will be - however, with a peg the market will drive to an equilibrium, becoming a stable safe asset. (You could compare it to tether, but truly decentralized and not backed by centralized $ and you not have to rely on somebody handing you out e.g. $ - which they could simply deny)

    Bruno Block, 16.12.17:

    Anybody let me know if there is any coin out there that is both completely decentralized and pegged to something tangible (like data storage for PRL). I'm quite sure that Oyster is the first to accomplish this.

    All other tethers are centralized since they require a reserve and some 'trusted' party to enforce the peg. This obviously has a lot of counter-party risk and is not decentralized. This is even how scamcoin USD started out, claiming to be pegged to gold. Then one day oops, no more peg!

    If I invent honeycoin and say that I have 1m jars of honey at my house, and each honeycoin represents a jar and can be redeemed at anytime, there are obvious risks with regards to me managing the honey.

    Something from myself out of our telegram main chat, 06.03.18:

    And more data stored on the tangle with Oyster PRLs mean more PRLs can be claimed by web nodes. Those website owners can either sell the PRLs for ad revenue to users which want e.g. use them for storage, keep them or use them themselves for storage (and then those can be claimed again by web nodes) - the cycle continues. A closed ecosystem, where the token as a usecase, pegged to a certain amount of storage and can be claimed by website owners for doing the PoW that keeps the files reattached on the tangle for the year. This way Oyster PRL will calibrate most likely to an equilibrium, making it a truly decentralized safe asset. (Similar to tether, but backed by decentralized storage and not centralized $)"

    I am not an expert and I am sure that I have left you with more questions than answers but I figured I would spread some awareness on a potential "safehaven" for the next recession/dip/crash that we find ourselves in. If Bitcoin is having a bad day, it is unlikely that anonymous online data storage just got 50% cheaper and we will have the ability to lock our value into something tangible and backed by a service. Less volatility, more security and less speculative utility and value, is something we could all use a bit more of around here. I have linked the URL's to both whitepapers so that you can easily access the true source of greater information and look into it yourselves.

    *DISCLAIMER* PRL is also in a huge pump and while I cannot read the market because I dropped my crystal ball off a deer stand, I would recommend that you learn what you can now, and if interested, skip FOMO and purchase at another time.

    Pearl Whitepaper https://oyster.ws/OysterWhitepaper.pdf

    Shell Whitepaper https://oyster.ws/ShellWhitepaper.pdf

    submitted by /u/jbro12345
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    Lots of people losing interest

    Posted: 30 Mar 2018 07:57 PM PDT

    So I've noticed over the past week, less people are talking about crypto and my trading group on facebook messenger is dead quiet. Used to be pumping with chit chat everyday.

    Am I stupid to stay so positive even though things are so grim?

    submitted by /u/scottie_31
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    Why I will HODL.

    Posted: 30 Mar 2018 08:19 AM PDT

    I have been broke for the majority of my life. Last year I got divorced and began investing in BTC. I made some lucky trades and turned my meager savings into a quarter million dollars. I thought it would never stop.

    In the past 4 months I have gained and lost more money than I ever imagined having in my entire life and that's an amazing thing. I am still way up from my initial investment and even though I could cash out right now and pay off my loans and credit cards, I can do that anyways without needing to cash out my cryptos. I'm a college grad with a good job and make enough to chip away at debt every month and pretend like this crypto doesn't exist.

    My goal is to continue holding for the next 3-5 years (I probably shouldn't buy more but I did over the past week to top off my positions in my favorite coins. I couldn't resist having money in the bank and crypto being this cheap.

    This technology is revolutionary and I'd rather be broke again having believed in something than slave away for the rest of my life having not taken risks. My manager is 58, rich, and is still counting down the days to retirement. He claims he gets paid too much to quit, and he could probably retire now, but we only live once. To me, the ability to sleep in and spend quality time with family and friends and go on adventures is worth more than money. Bitcoin has bubbled and crashed so many times and I don't care if it takes 3 years to recover because if the next bull run is anything like 2017, I will absolutely be a millionaire. I've set myself up for that. I wish everyone else the best of luck except those who are selling. To you, I hope you watch BTC grow and flourish and get left on the sidelines haha.

    Edit: I don't really wish others get left behind, I just think it's foolish to be selling now. Also, yes, I cashed out a bit at peak.

    submitted by /u/Cryptorich13
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    I seriously don't know how you scumbags live with yourselves

    Posted: 30 Mar 2018 09:58 PM PDT

    Let's not forget that the top 20 economies in the world stated that cryptocurrencies have the potential to improve the global financial system and inclusiveness

    Posted: 30 Mar 2018 01:41 PM PDT

    Nvidia CEO: Cryptocurrency And Blockchain Is Here To Stay

    Posted: 30 Mar 2018 09:50 AM PDT

    Tron testnet release summary = hyped up fiasco

    Posted: 30 Mar 2018 09:44 PM PDT

    • Justin's hyped up conference streamed from cheesy hotel room.

    • says he doesn't care about price only CMC ranking. Seriously? Why even say this.

    • no demo, no working product.

    • an announcement of upcoming announcements

    • overall awkward presentation with no substance

    This is just getting silly. I honestly feel bad for anyone holding bags that fell for this hype. Justin is nothing more but a snake oil salesmen. I'm done with this project.

    submitted by /u/cryptoboy1
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    ICOs: Success Rate Dropping Every Month Since June 2017

    Posted: 30 Mar 2018 04:16 PM PDT

    Bitcoin Cash Gets the Axe - KuCoin Removes BCH Trading Pairs, Citing User Feedback

    Posted: 30 Mar 2018 02:50 PM PDT

    A very sorry Canadian

    Posted: 30 Mar 2018 03:41 PM PDT

    My bank has just informed me that I can no longer send MY money to virtual Currency Exchanges in Canada because they are too high risk. Well, let me tell you about these "high risk" clients. When I applied to Quadriga, they required me to provide picture ID and proof that I was who I said I was. This KYC step is NOT required in Canada but they did it anyways to ensure that their business remained in-line with future regulations. Further, this Exchange has never been viewed as complicit in a crime, nor has it ever been investigated for being part of any criminal activity. Despite the Exchanges doing more than is required by Canadian law, my bank believes that it is in my best interest to not allow me to send MY money to them.

    This means now that virtually all Canadian banking institutions have blocked access to Exchanges. As a result, I and other Canadians will be required to go underground and utilize Local Bitcoin to invest. This means I may unwittingly be supporting drug dealers, scammers and other criminal elements. I don't want to support any of this activity but if I am to continue investing in the future, I have no choice but to do so - thanks to the banks that are "protecting" the interests of Canadians.

    Please speak out if you are a Canadian that is frustrated by this stupidity. If there is a financial institution left in Canada that allows transfers to Exchanges, please let me know.

    submitted by /u/Keefer001
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    ICON update

    Posted: 30 Mar 2018 04:41 PM PDT

    Trying to understand the buying psychology of people in this Reddit

    Posted: 30 Mar 2018 12:55 PM PDT

    I remember reading countless of posts during the massive run-up from people stating "I wish I had bought in 6 months ago at (insert price/insert coin)...

    They were throwing money aimlessly at $100+ Neo, $200+ litecoin, $750+ ethereum etc

    Now prices are nearing summer 2017 prices and people are scared to buy at these prices.

    To make money in investing, you literally have to be in before (below) other investors. This is literally the chance you were begging for....

    I see so many other posts like "well, I'm going to wait to buy until the market stabilizes"... that's bad strategy. It's going to move so fast you won't have time to get in at near the bottom.

    6 months to a year from now, we're going to see the same posts over again. "I wish I bought when we had that massive crash at the start of the year".

    Don't say you weren't warned...

    submitted by /u/Boomroomguy
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    Mailchimp wants to ban cryptocurrency companies so here is a free email plugin that does the same thing...

    Posted: 30 Mar 2018 07:37 PM PDT

    I think we're at the "anger" stage right now. Your opinion?

    Posted: 31 Mar 2018 01:07 AM PDT

    Dragonchain launches it's commercial AWS serverless platform

    Posted: 30 Mar 2018 12:12 PM PDT

    BIC is a scam ico impersonating HOQU personnel

    Posted: 31 Mar 2018 02:17 AM PDT

    New ico called BitIlluminati-coin. They are in ico stage and accepting tokens. All they've done is photoshopped the HOQU webpage and marketing banners and also put their logos on the HOQU staff t-shirts. Should make sure everyone knows about these as I'm sure there are people who will send them crypto without checking them out first. This is the original HOQU staff https://ibb.co/cZsHZn This is the photoshopped BIC team https://ibb.co/n415LS I have some other photos aswell. They have actually done a pretty good job of setting up this scam, they just happened to pick a coin that had a lot of community members so it was spotted by one of those. Search bitilluminaticoin on fb or google and you'll see they've put quite a bit of effort into this.

    submitted by /u/SmellyFrontBum
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    Not Dead: There’s Good Reason to Be Long on Bitcoin

    Posted: 30 Mar 2018 12:47 PM PDT

    Abra’s founder and CEO – Markets Will Resume Growth This Year

    Posted: 31 Mar 2018 02:46 AM PDT

    Showdown of privacy protocols - Who uses what?

    Posted: 30 Mar 2018 04:55 PM PDT
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