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    Cryptocurrency Daily Discussion Megathread - May 3, 2018

    May 03, 2018

    Cryptocurrency Daily Discussion Megathread - May 3, 2018

    Daily Discussion Megathread - May 3, 2018

    Posted: 02 May 2018 11:12 PM PDT

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    submitted by /u/AutoModerator
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    Join the official CryptoCurrency Discord!

    Posted: 02 May 2018 08:18 PM PDT

    Join us here: https://discord.gg/gExt35s

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    submitted by /u/crypto_buddha
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    NANO competition on Binance - 15,000 NANO to giveaway

    Posted: 03 May 2018 01:58 AM PDT

    Reddit Co-founder Predicts Ethereum To Reach $15,000 Landmark this Year

    Posted: 02 May 2018 11:21 PM PDT

    Tim Draper - "I think that cryptocurrencies will eventually grow to maybe $100 trillion and fiat currencies will fall from $80 trillion to $30 trillion."

    Posted: 03 May 2018 12:26 AM PDT

    Binance announces NANO competition - 15,000 NANO to be given away

    Posted: 03 May 2018 02:06 AM PDT

    New FIAT Exchange!

    Posted: 02 May 2018 09:49 PM PDT

    Hello!

    I just wanted people to be aware that there is a new exchange called COSS (https://coss.io/) that recently has enabled their fiat gateways on top of their existing exchange.

    They are a legally compliant exchange based out of Singapore that requires all new accounts to undergo KYC (note some countries are limited ATM).

    KYC does take a few days and is slightly more stringent that what most are used too, however, it is necessary for compliance.

    Currently there are fiat pairs with the COSS token, BTC, ETH, and LTC with more to come!

    The exchange engine is built from scratch by the team and is constantly undergoing upgrades with so much more to come in the near future.

    I believe any fiat gateway is great for the community as a whole so I thought I would share!

    Happy Trading!

    submitted by /u/ychok
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    Ambrosus is realeasing cryptoeconomic model tomorrow. POS/Masternodes/Token-burning

    Posted: 03 May 2018 02:40 AM PDT

    Request Network gone wild - London Letter's insanely good research of REQ

    Posted: 02 May 2018 02:01 PM PDT

    Barely 2 months after one of the worst hacks in crypto history, BitGrail re-opens as if nothing ever happened.

    Posted: 02 May 2018 04:23 AM PDT

    Reddit CTO Says Cryptocurrencies To Make a Comeback on Platform, Including BTC, LTC and ETH

    Posted: 02 May 2018 01:03 PM PDT

    Fiat trading for USD pairs is live on Coss.io!

    Posted: 03 May 2018 12:42 AM PDT

    The Coss exchange has finally gone live with their Fiat trading!

    This is something that a lot of people, myself included, have been waiting to happen. Coss.io has come a long way in a short period of time. They have a great team and the website is much, much better than it used to be.

    [I tried posting this from my Crypto Reddit account but it didn't seem to post]

    submitted by /u/mikesublime
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    FYI 90% of ONT is owned by private investors and the team. Ummm isn't that too much?

    Posted: 02 May 2018 03:50 PM PDT

    Waltonchain To Resolve IoT Development Issues With Silictec Chips

    Posted: 02 May 2018 09:45 PM PDT

    Horizon State-powered voting currently held to decide the RemTECH 2018 Industry Choice Award

    Posted: 03 May 2018 01:54 AM PDT

    The press release was already posted on medium, so go check it out for further information.

    In order to view a submitted vote:
    Go here and click on any Tx Hash that occured (first column). Then click on "Convert to UT8 data" and you are able to read the actual vote.

    The vote itself is ongoing until the 8th of May, so there will be some more transactions added to the contract. This is an actual vote happening on the Ethereum blockchain. You can clearly see the upsides of voting via blockchain:
    - transparency: votes can be re-checked by voters after the voting process, evaluating for the correct vote being registered in the blockchain.
    - immutability: The results are stored decentralised on ~20.000 nodes already.
    - anonymity: Identities are translated into SHAs, personal information are not held by Horizon State. Thus there is no way of re-translating the SHA into the identity behind it.

    Personally, I find this to be truly amazing to see results of ongoing votes, having the possibility of deliveringtransparent voting processes and the implications for corrupt or at least not working democracies. It's also a good example to explain how the blockchain is able to help current systems when speaking to people outside the blockchain- / crypto ecosystem.

    This, to me, feels like the future of voting, and it is happening right now. Although voting is not the only business case of HST, it offers a good insight into the benefits the blockchain as a technology can offer.

    submitted by /u/karawanga
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    BMW, GM, Ford and Renault launch blockchain research group with over 30 founding members that also include Bosch, Blockchain at Berkeley, Hyperledger, Fetch.ai, IBM and IOTA

    Posted: 02 May 2018 06:03 AM PDT

    My attempt at a 100x portfolio for 2018

    Posted: 03 May 2018 02:03 AM PDT

    As you might remember, last month, I took all Top100 coins and categorized them into their 12 markets. https://www.reddit.com/r/CryptoCurrency/comments/8a8lnr/which_are_your_top_5_favourite_coins_out_of_the/

    This was all done with the goal in mind to find a portfolio that can return 100x in 2018.

    The assumption for this portfolio is that Bitcoin will go up by 4x ($32,000) until the end of 2018 amassing a total market cap of 3$ trillion as a conservative estimate in comparison to our 6 last bull runs, which were

    Number Multiple Period Year Price Correction Correction period
    1 9x 5 days 2010 $0.008-$0.08 0% -
    2 10x 5 months 2010 $0.08-$1 -30% 2 months
    3 40x 2 months 2011 $0.07-$30 -90% 5 months
    4 14x 3 months 2013 $15-$213 -65% 3 months
    5 12x 2 months 2013 $139-$1132 -85% 13 months
    6 20x 7 months 2017 $1000-$19,800 -70% 3 months
    7 17x 4 months 2018 $5,800-100,000? -70% 5 months

    Source: www.99bitcoins.com/price-chart-history/

    As you can see, a 17x bull run on Bitcoin happens on average around once a year. Many altcoins went 100x in the last bull run, since altcoin always grow much stronger than the behemoth Bitcoin.

    Building a strong portfolio always boils down to the following 3 factors:

    1. Pick the best assets. In order to do that, I analyzed all top 100 cryptocurrencies, and picked the best ones within each market. Then, I looked for other coins that are within the Top1000 and that are actually better than the leaders in each market from the top 100, due to their short time in the market and being underdogs
    2. Diversify The whole portfolio is designed to catch 2-3 really good coins that return 300x-1000x. The rest of the coins will probably return 20x, 50x or some even only 2x. That's why you need at least 10 coins to make sure you to catch your top performers. 5 coins would be too few, since you might only catch 1 top performer if at all.
    3. Centralise You need to diversify, but also don't diversify too much, because then you are spread too thin. That's why 20 coins would be too many, because even if if you catch 3 top performers, you would only have 15% of your money in it.

    For these 3 reasons, the number of coins is set at 14 and is divided into

    1. 26% High risk high return coins
    2. 50% Medium risk medium return coins
    3. 24% Low risk low return coins

    Portfolio

    All coins are on Binance or KuCoin and their weights are listed on the second tab of my excel spread sheet: https://docs.google.com/spreadsheets/d/1s8PHcNvvjuy848q18py_CGcu8elRGQAUIf86EYh4QZo/edit#gid=1597706888

    High risk high return 26%:

    The point of a high risk high return portfolio is to catch one 1000x-coin among them. These 3 coins give a 1000x return when going to a $10B market cap for BNTY and Elix. These are the best <$10M from my research. Other contenders were Xspec, Sumo, Snovio, DeepOnion, Masari.

    1. 10% BNTY is a platform where you can earn money through finding bugs, a bug bounty. BNTY soon wants to expand into "bounties" for gigs, to become the new fiverr/freelancer.com.
    2. 10% Elix is a lending platform with a unjustified tiny market cap in comparison to its competitors LEND, SALT.
    3. 6% Havven is a stable coin. There are already 3 other stable coins with higher market caps, Maker, DGD, Bitshares, however, Havven is the 4th one with a 30x smaller market cap. Investing in a stable coins isn't investing in the coin itself obviously, since it is supposed to stay stable, but in the company that launched the stable coin.

    Medium risk medium return 50%:

    These coins are the backbone of the portfolio. They are all legit projects with a product out already, a strong team, strong community and a potent market. All of these coins will probably make a 20x return and some a 100x-200x return, possibly PRL, GAS and ENJ, that's why they have more weight than the others.

    1. 10% PRL is in the decentralized data storage market as Siacoin, Gbyte, Maidsafecoin, Storj, only that it has a 5x smaller market cap and that it actually makes the storage useful by allowing people who store other people's files to renounce ads and instead make their money through storing files.
    2. 13% 6 months ago GAS was at 50% of Neo's market cap. Now, it is at 5% and it has been rumoured that GAS market cap will surpass NEO's. For that reason, investing in GAS it is the same as investing in NEO, LISK, ARDR, etc. only that is has a 20x smaller market cap. If GAS ever goes back to 50% of Neo's market cap, it will have returned 7,5x more profit than NEO.
    3. 8% ENJ is the investment in the gaming market. Enjin has a platform with already 20 million players and has is already being used as a currency in Minecraft since 1 month ago.
    4. 6% Enigma is privacy for smart contracts on Ethereum
    5. 2% PIVX is privacy with slightly superior technology to Monero, but at a 10x smaller market cap.
    6. 5% Req is in the currency and liquidity exchange market just as QASH, Loopring, Cryptonex, Bitshares, Kyber network, Bancor, ZRX, Achain, only that Req has probably the strongest community of all, best partnerships and is also more feature rich
    7. 6% Steem is a social network, very similar to reddit, only that you can upvote with tokens/money. Steem has already an Alexa rank of 1,000. What's more, Steem also has a stablecoin, Steem Dollar, which adds additional potential to this investment

    Low risk low return 24%:

    These are the safest bets with a working product, a large community and among the most potential within the Top100. Out of these, BNB is probably the safest bet of all, because it is directly tied to Binance, the exchange that has made it as the undisputed number 1 exchange due to excellent professionalism, transparency and intelligent leadership.

    1. 8% Vechain is a supply chain platform and the coin with the most and strongest partnerships closed within the cryptosphere.
    2. 4% Nano is probably the fastest and most lightweight cryptocurrency right now with instant transactions, zero fees and one millionth the energy use of Bitcoin due to it's 3rd generation blockchain, the block lattice.
    3. 7% IOTA is similar to Nano with instant transactions, zero fees, very low energy usage thanks to its 3rd generation blockchain, the tangle. While it has bigger potential than Nano, it also still has some bugs and security issues to work out.
    4. 5% BNB, is probably the safest of all bets. It is among the only 5 cryptocurrencies that have turned a 10%+ profit this year. https://www.cointimemachine.com/top-100-best-cryptocurrency-list-2018/

    Here are the coins categorized into their respective markets.

    Currency 11%

    1. 4% Nano
    2. 7% IOTA

    Platform 26% =37%

    1. 8% Vechain
    2. 5% Req
    3. 13% GAS

    Ecosystem 10% = 47%

    1. 10% ELIX

    Misc 10% = 57%

    1. 10% BNTY

    Privacy 8% = 65%

    1. 6% Enigma
    2. 2% PIVX

    Data Storage 10% = 75%

    1. 10% PRL

    Gaming 8% = 83%

    1. 8% ENJ

    Fee token 5% = 88%

    1. 5% BNB

    Social Networking 6% = 94%

    1. 6% Steem

    Stablecoin 6% = 100%

    1. 6% Havven

    The only market not served is Cloud computing. Apart from that all other 11 markets are served, yielding a balanced portfolio with the best coin(s) of each market.

    I published the portfolio on cryptocompare at an investment of $1,000 for comparison: https://www.cryptocompare.com/portfolio-public/?id=385438

    submitted by /u/galan77
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    Bitgrail has been ordered to cease operations by a three-judge panel in Florence, Italy the same day it attempts to reopen

    Posted: 02 May 2018 06:13 AM PDT

    Don't only hodl. Educate your family and friends and share some of your coins with them.

    Posted: 02 May 2018 09:05 PM PDT

    Cambridge Analytica, the Trump-connected data firm that kicked off Facebook’s data privacy scandal, is shutting down. It's a big step towards the GDPR events at the end of this month. Liberdy will challenge the biggest tech companies in the world by decentralising the ads data industry

    Posted: 03 May 2018 03:05 AM PDT

    Very Soon in Vegas

    Posted: 02 May 2018 09:42 AM PDT

    Ethereum Sees Resistance at $700.00 No More

    Posted: 03 May 2018 02:46 AM PDT

    NY Times publishes article about Goldman Sachs to Open a Bitcoin Trading Operation

    Posted: 02 May 2018 02:56 PM PDT

    https://www.nytimes.com/2018/05/02/technology/bitcoin-goldman-sachs.html

    This is very bullish news for Bitcoin and crypto as not only is Goldman Sachs a well known and trusted investing firm, but NY Times is also one of the leading news sources in the US.

    submitted by /u/ifearcompileerrors
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    15,000 Nano competition on binance.

    Posted: 03 May 2018 01:58 AM PDT

    Anyone out there that thinks EOS is overvalued?

    Posted: 02 May 2018 09:30 AM PDT

    So I have been seeing EOS rise of the past months and I cannot understand how so many people are fomoing into this project. EOS is still in ico stage ffs. I understand that the project COULD do great if everything works out but what if the launch dissapoints. I think we will see a big decline in price after mainnet launch cuz you know the saying "buy the rumor sell the news". I wish all EOS holders the best of luck but just keep in mind that your buying at insane prices for a coin that is still in ICO but has a marketcap of billions.

    submitted by /u/jesse_VE
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    Request Network's WordPress Plugin Enables Crypto Payments on WooCommerce WordPress Sites

    Posted: 02 May 2018 12:00 PM PDT

    Still far from adoption: My neighbor never heard of Crypto, and our babysitter just said, "Bitcoin is illegal in the US"

    Posted: 02 May 2018 10:57 AM PDT

    Yes, she actually said that.

    I understand if someone never heard of Crypto Currency. After all our neighbor is in his late 50s .

    Seriously though, on my way out our baby sitter overheard my wife and I talking about Bitcoin . that's when she said it was illegal.

    She was dead serious about it. Before I can explain that it wasn't she insisted ...

    "You can get in alot of trouble doing that stuff, I was watching this documentary on it a while back"

    I showed her a CNBC news clip talking about BTC , then showed her how you can buy bullion with BTC. She quickly nodded her head...

    well I don't know, I heard it was illegal, and the government is cracking down on it"

    ME: when did they say that?

    HER: Just recently they said all over the news of strict regulations

    I came to a conclusion this is some sort of confirmation biasm that maybe she got it all in her head. She probably watch some anti Bitcoin video years ago, and whenever she hears "regulation" or "government cracking down on illegal transactions with crypto" she thinks "yup, its probably illegal"

    She's not dumb either . just blinded.

    This is the problem with following the system people have a preconception if something is officially approved by a credible source like NY times that it must not be legit.

    This is how we were raised as children we were raised to believe that you should trust the government and they're there to protect you when the truth is... Government officials, agencies, police departments, mayors have all been involved in corruption scandals .

    The government has a very long history of dirty doings. However none of this is discussed in our Common Core school system. You have to find all this out for yourself.

    We grow up being taught that the Easter Bunny and Santa Claus is real. Christopher Columbus discovered America.

    Its a dam shame.

    So I browse through my friends list on Facebook about 600 people. Turns out only about 10 are talking about Crypto.

    But I like this because that just means if 10% of the people on my Facebook friends list are talkin about crypto that's six times the amount.

    Maybe that means 6 times the market cap. I'm happy with 10%

    Peace

    submitted by /u/JuicySpark
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