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    Cryptocurrency Daily General Discussion - April 4, 2018

    April 04, 2018

    Cryptocurrency Daily General Discussion - April 4, 2018

    Daily General Discussion - April 4, 2018

    Posted: 03 Apr 2018 11:12 PM PDT

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    submitted by /u/AutoModerator
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    Why I personally believe Cryptocurrency is gonna fucking boom

    Posted: 03 Apr 2018 10:58 PM PDT

    • Loads of exchanges are trying to get Fiat pairings (QASH, Binance, even some DEXs!)
    • Adoption is just going up
    • Everyone knows about Bitcoin now - It's now about making them use it
    • Cryptocurrency isn't going anywhere, because projects like Stellar, Monero and VeChain are just too useful
    • Everyone is rushing to get merchant adoption for crypto, see Coinbase, BitcoinPay and more
    • Stores are beginning to accept it everywhere (just paid with BTC yesterday!)
    • I'm repeating all my points but I don't care
    • An absolute insane number of projects are going on with genuine development
    • Math, Computer Science and cryptography students are putting in tons of new work every single day (has there ever been such a revolution??)

    The future is now!!

    submitted by /u/OsrsNeedsF2P
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    Social experiment: 36% of employees would accept part of their salary in cryptocurrencies

    Posted: 03 Apr 2018 01:01 PM PDT

    What do you think about my Icons? (available for free)

    Posted: 03 Apr 2018 01:52 PM PDT

    "Bitcoin is a fraud and a scam"

    Posted: 03 Apr 2018 03:50 AM PDT

    Ark: An Ecosystem of Linked Blockchains

    Posted: 03 Apr 2018 11:45 PM PDT

    JPMorgan failed 175 times trying to patent their own version of blockchain tech

    Posted: 03 Apr 2018 08:08 AM PDT

    Verge scam theory: Anyone else thing sunerok is using XVG crowdfund to pay his taxes?

    Posted: 03 Apr 2018 10:43 PM PDT

    Here is a post he made which has since been deleted about Coinbase feeezing his funds and taxes being due soon: http://archive.is/jglVr

    Lord knows he probably sold a shit ton leading up to the NYE Wraith "release" and owes at least a few million. The initial bogus announcment pump wasn't big enough so he pushed it back a few more weeks. Interesting how the new date is also tax deadline day. Hmmmm...

    submitted by /u/wolfmangpuck
    [link] [comments]

    Expert Expects to See Bitcoin Rally in Second Quarter

    Posted: 04 Apr 2018 12:18 AM PDT

    Vitalik's absolute FIRE response to Craig Wright claiming that less than 0% of the BTC network is colluding with selfish miners

    Posted: 03 Apr 2018 12:59 PM PDT

    An update on ARKs progress

    Posted: 03 Apr 2018 11:47 PM PDT

    Crypto Resources Megalist V3

    Posted: 04 Apr 2018 01:41 AM PDT

    Jack Ma’s Alibaba sues AlibabaCoin For Using Trademark Name To Mislead Investors

    Posted: 03 Apr 2018 12:13 PM PDT

    Flippening happened. At least it did in India. Ethereum is now the King of crypto, more popular than bitcoin

    Posted: 04 Apr 2018 03:40 AM PDT

    Adoption levels will begin to cap if the user experience isn't improved. As bad as Coinbase is, it is the only choice for beginners that makes the process simple enough.

    Posted: 03 Apr 2018 01:59 PM PDT

    IBM Touts $3.1 Trillion Blockchain Future

    Posted: 03 Apr 2018 07:40 PM PDT

    EXPERIMENT - Top 10 Crypto "Index Fund" 2018 - (Month Three/Q1 Recap - down 63%)

    Posted: 03 Apr 2018 09:55 PM PDT

    Steemit summary here (with screencap of tracker)

     

    tl;dr - from bad to worse

     

    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* for those looking to get into cryptos but maybe not quite ready to jump in yet. (*without weighting and rebalancing it's not a true Index Fund - but hopefully still helpful as a sort of a proxy for the entire market).

     

    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. Report monthly.

     

    Month three (March) update:

    Nothing but red.

    March Winners - None. The top two performers in March lost "only" close to 1/3 of their value. Stellar has dropped the least (-34%) followed by Bitcoin (-38%). Stellar managed to climb up a position in the rankings going from #8 to #7 and IOTA went from #11 to #10. All others either maintained their position or dropped in ranking.

    March Losers - Everyone. Ethereum wins first loser down more than half at -55% followed by Dash and Cardano, both down about -50% for the month.

     

    Overall update/Q1 update - Stellar down the least while Cardano, Ripple, and NEM are getting crushed

    Since the beginning of the year not one of the Top Ten cryptocurrencies is in the green. Stellar, which has easily performed the best, is still down -34%. Interestingly, three of the most established cryptos (BTC, ETH, and LTC) come next - and all are down the same amount for the year (-46%).

    Losers? Cardano (-78%) is leading the race to the bottom followed closely by Ripple and NEM both down about -76%. Dash and NEM have both lost their places in the Top Ten.

     

    Bitcoin dominance:

    Bitcoin dominance continued to climb to new highs for 2018. At the end of March it stood at about 45.5%.

     

    Total Market Cap for the entire cryptocurrency sector:

    The overall crypto market shed about 200B in March (that's a loss of about -43% for the month) and is down over fifty percent (-54% to be exact) from January 1st.

     

    Overall return on investment from January 1st, 2018:

    My $1000 initial investment is now worth about $372, down about -63%.

     

    Implications:

    Stellar's recent run places it squarely in the lead so far in 2018, but being down -34% is a bit of a hollow victory. After Stellar, the Big Three (Bitcoin, Ethereum, Litecoin) continue to perform second "best" - all are down nearly 50% since the beginning of the year.

    Money continues to flee the crypto space. The total market cap shrunk from 464B to 263B in March alone (-43%) and is down -54% from January 1st, 2018.

    Focusing solely on holding the Top Ten continues to be a losing strategy. While the overall market is down -54% from January, the Top Ten are down -63% over the same period.

    As I've explained in previous posts, I'm also tracking the S&P 500 as part of my experiment to have a comparison point to other popular investments options. So far the S&P 500 is down -1.2% for the year.

     

    Conclusion:

    To say crypto had a rough first quarter of 2018 would be a massive understatement. While I (and many others) were hoping we reached bottom in February, that clearly has not been the case as another 200B was lost in March. While the stock market is down this year, a -1.2% loss (as measured by the S&P 500) is obviously much more palatable than being down -63% as I am so far in this experiment. Like last month, with perfect hindsight, the initial $1,000 would have been better placed in a high-yield savings account making 1.5% or so in interest.

     

    Many thanks for the moral support I've received for the experiment. A bleak picture so far but there are three more quarters to go - a lot can (and will) happen. I continue to be committed to seeing this process through and reporting along the way. I've been traveling a lot recently, so hope to find time to make my monthly update video sometime this week as well.

     

    Stay tuned for progress reports and wishing you all the best in your crypto adventures!

    submitted by /u/Joe-M-4
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    This week i am going to publish a new website useful for crypto daily traders. Tell me what do you think

    Posted: 04 Apr 2018 02:15 AM PDT

    “Blockchain” grabs attention of investors. Bitcoin = Bad, Blockchain = Good

    Posted: 03 Apr 2018 06:35 PM PDT

    Ontology Announces Venture Capital Cooperation to Co-Build a Next Generation Chain Network

    Posted: 04 Apr 2018 01:15 AM PDT

    Adoption: bitcoin price now listed in a lift for all to see!

    Posted: 03 Apr 2018 05:32 PM PDT

    Cryptocurrencies market in a nutshell

    Posted: 04 Apr 2018 01:26 AM PDT

    What is OmiseGO (OMG)? Check out our guide

    Posted: 04 Apr 2018 12:19 AM PDT

    As seen from San Francisco

    Posted: 03 Apr 2018 12:36 PM PDT

    The Most Loved Indicator In The Cryptocurrency Markets - RSI - What Is It? How Does It Work? What Can You Do With It?

    Posted: 04 Apr 2018 01:40 AM PDT

    Nvidia CEO, Jensen Huang, Describes Blockchain as a “Fundamental new Form of Computing”

    Posted: 04 Apr 2018 02:47 AM PDT
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