Cryptocurrency Weekly Skeptics Discussion - March 18, 2018 |
- Weekly Skeptics Discussion - March 18, 2018
- Any other HODL'ers just not give a damn about the market at the moment..and barely even look at how things are doing?
- Everyone should really relax! Here’s why! (From a PhD student in Economics working on a dissertation that is about Crypto)
- For those that have been investing for more than a year, I salute you. Please keep up the "Been here before" posts.
- I would do it again in a heartbeat.
- Buying the dip experiment: Buying the biggest dip today (ERC20) . Just bought $200 worth. Lets see how this goes
- Reminder that these are the times you should be buying in
- I'll stop buying when this sub stops growing.
- Perspective of crypto market
- The Lightning Network's Elephant In The Room
- Daily General Discussion - March 18, 2018
- IOTA threads are removed although there were just one other thread on the 1st page. I even contacted the mods!?
- The problem with 2017...
- Big 4 Giant PwC announces blockchain auditing service
- Ripple’s new chief market strategist: Crypto regulation will ‘separate the wheat from the chaff’
- Dan Arbess gets cut off by CNBC anchor as he is saying the crypto may kill treasury bond demand
- Crypto March Madness: First Round Results
- The feeling now when you brought in the dip two weeks ago
- WEB 3.0 : The Internet of Blockchains
- No one knows where the bottom is
- This game is gonna end soon. Be prepared and be perfectly positioned for this coming big boom.
- MtGox trustee confirms he did not sell BTC at same time as moving them, also didn't affect price
- Investing in decentralized services?
- Brötconnect: Carlos is everywhere.
- You keep using that word. I do not think that word means what you think it means.
| Weekly Skeptics Discussion - March 18, 2018 Posted: 17 Mar 2018 11:13 PM PDT Welcome to the Weekly Skeptics Discussion thread. The goal of this thread is to promote critical discussion by challenging conventional beliefs and bring people out of their comfort zones. It will be posted every Sunday and prioritized over the Daily General Discussion thread. Guidelines:
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Thank you in advance for your participation. [link] [comments]  | ||
| Posted: 17 Mar 2018 10:07 PM PDT I've noticed how disinterested I've been in my crypto holdings for the last couple of weeks because of how the market has been behaving. I feel confident in the coins I own and intend to just hold them, and will check my overall account balance 1x / day..see it's -$300 and close it and move on. But I used to check this sub and my crypto stuff multiple times a day..and the passion has just left me because everything seems 'meh' right now. I can't be the only one. [link] [comments]  | ||
| Posted: 18 Mar 2018 01:15 AM PDT If you're worried about the price, don't be. I have been in the crypto-sphere since about 2014-ish. I originally bought my bitcoin for use on the internet. That was what started me on the path to studying and understanding how blockchain works and why it is such a huge deal. Blockchain's main purpose is to securely transfer value without the need for an intermediary. This isn't a stock or a traditional investment. In fact it's something that's never been seen in the history of the world. Throughout the history of money one would need SOME 3rd party (Gov., banks, etc...) to verify a transaction or to give the currency value. Blockchain, or more specifically cryptocurrency completely eliminates this aspect of currency. That being said, there is no assets or company backing (some exceptions) any crypto on the market. There is no earnings report that estimates the value; there is no technical analysis in the world that can predict the price; there is no relationship between a stock/bond and a cryptocurrency. These virtual assets are a utility. Utility in economics is the amount of time and money you save by choosing a certain financial path. For day to day consumers we want to maximize our utility I.e. get the most bang for our buck. Large corporations and governments would like to minimize it to cut out whatever that is not needed to increase the bottom line on their income statement. These currencies not only allow society to easily optimize utility for large entities, but for individuals as well. Corporations that solely exist to transfer/store value (visa, western union, Wells Fargo, etc...) marginally decrease our optimal utility and suck the liquidity out of an economy. I don't want to seem like I am attacking these corporations but this is literally the definition of a parasite. Which is an entity that receives benefits from a host while the host is in detriment. These corporations leech this money out of the economy. Sure their workers are paid and this increases their marginal prosperity to consume, but how many jobs are lost to efforts of cost reduction? How much investment is left on the sidelines due to fees and other stipulations these intermediaries create? If this leakage of utility and liquidity is patched our global economy will operate at a greater efficiency than it currently is; as there is no forced induction of funds into an industry that's only function is to transfer/store value. Since its established that this IS the future of finance, based on my extremely simplified explanation, the only question now is the question of rate of adoption. I have 3 brief points to make: 1.) Adoption curves do exist and they are found in a every thing that is used today. Cars, phones, the internet, Reddit, etc. All of these utilities follow the adoption curve (or S-curve) almost 1:1. 2.) Fractals are a branch of mathematics that explain the bigger picture by looking at smaller portions of the whole. ("As above, so below") This is rather difficult to explain, but it is basically repetition that grows with scale. 3.) Crypto is nowhere near full adoption, we are in the mania phase of early adoption where all the applications of the technology are being tried and vetted for use in the world. This aspect is known as the Gartner Hype Cycle. With these points, one puts together a puzzle. Since Crypto is so volatile and there is little knowledge in the world of it, along with patterns of repetition that appear to be fractal, we know this is only the beginning of a revolution. I believe we are in the beginning stages of the FIRST investable adoption curve to ever face humanity and the research I have gathered thus far supports this thesis immaculately. I know seeing these prices short-term hurt you greatly and it feels terrible thinking you made a bad choice. But time heals all and you and I will be the winners in the end. This is the internet of value being created right in front of us. In fact blockchain will do to finance, what the internet did for telecommunications. Invest in fundamentals, believe in yourself, understand the technology, and don't ever listen to the media (banks have a lot of money to spread fear to eliminate a threat). Sometime this year, we will have another bull run, and this one will not be as large percentage wise. But the value in fiat will be exponentially increased. Much love, good luck, and HODL. P.s. sorry about any errors I'm on mobile and it's 2 am and I just finished working on a paper. [link] [comments]  | ||
| Posted: 17 Mar 2018 08:57 PM PDT Thanks to everyone that has been around for more than a year that puts our current situation into perspective. There are a hundred guys for every one of you that started putting money into crypto in November of 2017 who are now crying about the end of crypto. Unfortunately they have a platform, and because they have been doing this for 4 months they are "experts". Thanks for adding your points of view, for people like me, who also got in in November, but actually listen to those that have a little experience and have been around a while. You have no idea the impact it makes to help us keep things in perspective among all the doomsday idiots. Honestly, you have no idea how much your "back in 2015..." stories help. Thank you. [link] [comments]  | ||
| I would do it again in a heartbeat. Posted: 17 Mar 2018 11:42 PM PDT I'm down what I would call a significant amount of money. It's not hurting my daily life at all and I can afford to loose it all if that happens (it's not). I look at it as one expensive learning experience. The last few month I have found something that I'm passionate about, what industry I want to work in next year and I have learned an incredible amount about finance, decentralized ledger technology, social economics and dApp development. I would have done it again in a heartbeat (this time with more patience when trading and dollar cost averaging of course). I'm currently involved in a dApp development group, working on a dApp whitepaper I'm presenting to a big company in two months and currently in talk with Cardano for a job interview. A get rich faster investment opportunity in 2017 turned out to be a career path and a new passion for me. [link] [comments]  | ||
| Posted: 17 Mar 2018 04:49 PM PDT
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| Reminder that these are the times you should be buying in Posted: 17 Mar 2018 10:21 AM PDT It's said to be "Fearful when others are greedy and greedy when others are fearful". This is the prime time now to be loading up on as much crypto as you can because when the bull run starts (and it eventually will), then you'd have gotten in near bottom. When most people FOMO in back long after the bullrun starts, you'd already have crazy gains. Put some trust in crypto a little more and believe you and it will succeed and it will take you to heights unimaginable. I want to remind you of the start of the biggest bitcoin drop in Nov 30 2013. There was 411 days of "correction". The price fell from $1163 to $152. That's a 86% drop in price. Bitcoin would have to reach over 660% to get back to where it was. And is eventually it did. Now I ask you who made the most money? They people who sold all their coins at the ATH of $1163? Or the people who bought all the way down to $152 and held all their coins until they reached their goal? I want to ask you why you got into crypto. It's fine if it's just for the money over the technology. A lot of people buy stocks not because they want to see the company succeed, but they want to see their bank accounts succeed. What is your target goal (it's fine not to say it here), and how will you change your life, and the life of others after reaching your goal? I believe brother, and I hope you do to. Let's keep our iron hands together and laugh about this day years later when we are finally free. I'll make it brother. Will you? [link] [comments]  | ||
| I'll stop buying when this sub stops growing. Posted: 17 Mar 2018 02:48 PM PDT Let's be real most of the investors and the recent subscribers are just waiting on the sidelines for this Market to start turning around. And maybe they'll catch it. Maybe they won't.
I do know though that when the market does start to turn around people won't want to buy higher than the lowest price that they saw prior to the reversal. "Who wants to buy then? Only chumps buy higher, there's probably another dip, right?" People want to get in when they see the trend is reversed. But what they don't want to do is buy higher than the bottom of the previous turn around.
That said they'll wait until the price gets up decent way before they start to fomo again, then buy at a premium because they were too scared or cautious to buy now slowly every week with each paycheck the price of they're coffee or game or whatever little indulgence when the market is near bottom of the recent Bull Run we've had over the last year-and-a-half.
I just want to post a link here that someone had put up earlier of massive amount of questions they asked. https://m.imgur.com/zAsGc8E
The above puts a nice image on the size of the cryptocurrency market cap and the size of other markets. Does this look like crypto still has room to grow? Or does this give off the impression that we're headed for a crash because the market is too big relative to utility crypto brings. Say nothing of potential.
The last thing I want to leave you guys with is this. Most people tend to claim in their various subreddits some various coins how their coin is outperforming the market. Quote yeah sure our coin is down but at least it's not like the rest of the market! Quote well that's b*******. Most of the market is all within the same price. Have a look for yourself.
https://athcoinindex.com/price/page/all
I'll stop buying when this sub stops growing. [link] [comments]  | ||
| Posted: 17 Mar 2018 09:22 PM PDT I recently got clean from being on heroin and a daily crack habit. I was on Methadone for 10 years. My counselor used to say no one ever got off Methadone. Well thanks to a certain fellowship and god I have been clean 3 years. My first year clean I saved money and managed a halfway house. I was able to save 30k. In 2017 I invested 17k into crypto. It's more than half of my savings. It's was up to 64k at one point. I think of bitcoin as me and the government and banks as those Counsler's that said I would never make it. My investment is down right now but I believe in crypto currency. Sometimes when times are bad all you have is hope. Hope and a dream can go very far in life. If I lose all my investment at least I gave it a chance to be a part of something that can change the world. I sir will hodl until these cryptos are useless or very valuable. My message is this. Never give up on your hope. Sometimes hope can make your dreams come true. [link] [comments]  | ||
| The Lightning Network's Elephant In The Room Posted: 17 Mar 2018 08:30 PM PDT
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| Daily General Discussion - March 18, 2018 Posted: 17 Mar 2018 11:13 PM PDT Welcome to the Daily General Discussion thread. Please read the disclaimer, guidelines, and rules before participating. Disclaimer: Though karma rules still apply, moderation is less stringent on this thread than on the rest of the sub. Therefore, consider all information posted here with several liberal heaps of salt, and always cross check any information you may read on this thread with known sources. Any trade information posted in this open thread may be highly misleading, and could be an attempt to manipulate new readers by known "pump and dump (PnD) groups" for their own profit. BEWARE of such practices and excercise utmost caution before acting on any trade tip mentioned here. PnDs and brigades are not sanctioned by the mod team in any way as they violate rule III. If you discover this thread is being used for these activities, bring it to the mod teams's notice via the modmail. Guidelines:
Rules:
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Thank you in advance for your participation. Enjoy! [link] [comments]  | ||
| Posted: 18 Mar 2018 02:28 AM PDT This thread has been shadowbanned. It was a legit announcement of the new Foundation member Prof. Gur Huberman. https://www.reddit.com/r/CryptoCurrency/comments/856cvz/welcome_gur_huberman_to_the_iota_foundation/ That means that the automoderator is on a rampage again or that old habits are coming up again. [link] [comments]  | ||
| Posted: 17 Mar 2018 07:06 PM PDT ...is that we lost our way. It seems that, to many, the war is lost. There are so many emotional posts expressing despair and hopelessness, and this makes me sad. I got involved in crypto some years ago, and at the time it came from a belief in a social economic revolution. A social economic revolution I still believe in. It seems that in 2016/7 it stopped being about the social/economic revolution and started being about how much money you could make and how quickly. This was never going to end well for those investing for specifically this purpose, especially in the later months of 2017. If the majority of later market investors don't have that fundamental belief and only focus on gains, then of course scams will flourish - scams work because people want something for nothing, and crypto brought together all those that believed this would be the way to get something for nothing, and those that could convince you they could provide it. Lots of scams provides an open door for regulators to apply pressure and provides the media with excellent headline material. You see, in my mind, the reward of the social economic revolution is far, far greater than a 1000% gain. In a fairer, better, more balanced world, our desire for great riches is much less likely to be a key driver in a person's life. I know it hurts now, but you gotta get your mind right. You gotta genuinely support and believe in the projects you invest in. If you can do that, then the exciting part isn't about the price of the token, but about the product they're building and what it means for you. My only advice is in this game is to invest in something you truly, truly believe in. If all you want to do - all you've ever really wanted to do - is to make mad gains then you need to accept, no, expect, to lose it all in the gamble. In the meantime, invest your time and money in something that actually means something to you. Then, and only then, will you free yourself from the heartache that comes from a bear market. The war is not lost, not yet. [link] [comments]  | ||
| Big 4 Giant PwC announces blockchain auditing service Posted: 18 Mar 2018 02:43 AM PDT
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| Ripple’s new chief market strategist: Crypto regulation will ‘separate the wheat from the chaff’ Posted: 18 Mar 2018 01:06 AM PDT
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| Dan Arbess gets cut off by CNBC anchor as he is saying the crypto may kill treasury bond demand Posted: 17 Mar 2018 12:35 PM PDT https://www.youtube.com/watch?v=Y6RSaa97gcg He never gets to fully make the point but it is clearly where he is going with his point - @ 6:20. words so as to not get the post taken down by the reddit bot...suhuidhfiudhfiudhfiudhfiudhfdfdfdfidnidunfvefverver er ferferferfergergrberntyntyntrnrtntyntyntyntyntyntyntyncnbc is a bunch ofpaidshills fvijfpovejfivje[irvj [link] [comments]  | ||
| Crypto March Madness: First Round Results Posted: 17 Mar 2018 08:14 AM PDT
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| The feeling now when you brought in the dip two weeks ago Posted: 18 Mar 2018 01:20 AM PDT
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| WEB 3.0 : The Internet of Blockchains Posted: 17 Mar 2018 12:10 PM PDT
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| No one knows where the bottom is Posted: 17 Mar 2018 06:12 PM PDT I love how everyone is saying next support level is 7.2k, 6.2k, 4.8k, 2k etc.. The truth is no one knows. This could be the bottom, this could also not be the bottom. If your long crypto buy some now. If your short crypto, panic sell and go do something else. I just think it's hilarious that everyone "knows" where this market is headed. Whales control this market, no one else does. When they think it's time for the next run up they will do so. All I know is you gotta be in the game to win & that's where I am. Time in the market > [link] [comments]  | ||
| This game is gonna end soon. Be prepared and be perfectly positioned for this coming big boom. Posted: 18 Mar 2018 01:08 AM PDT
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| MtGox trustee confirms he did not sell BTC at same time as moving them, also didn't affect price Posted: 17 Mar 2018 08:59 AM PDT
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| Investing in decentralized services? Posted: 17 Mar 2018 02:35 PM PDT Hey folks, I've been thinking lately that blockchain tech can be extremely disruptive to the big tech companies of today. Think how powerful decentralized versions of Google Drive, YouTube, Amazon could be; the potential in this field is huge. If anyone here has had similar thoughts and has already invested in such companies, can you share what made you do that and how it's going so far? [link] [comments]  | ||
| Brötconnect: Carlos is everywhere. Posted: 18 Mar 2018 02:57 AM PDT
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| You keep using that word. I do not think that word means what you think it means. Posted: 17 Mar 2018 08:37 PM PDT
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