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    Cryptocurrency Daily Discussion Megathread - May 4, 2018

    May 04, 2018

    Cryptocurrency Daily Discussion Megathread - May 4, 2018

    Daily Discussion Megathread - May 4, 2018

    Posted: 03 May 2018 11:14 PM PDT

    Welcome to the Daily Discussion Megathread. Please read the disclaimer, guidelines, and rules before participating.

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    submitted by /u/AutoModerator
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    PwC Hong Kong and PwC Singapore announce joint business relationship with VeChain

    Posted: 04 May 2018 02:55 AM PDT

    From a security guard In a warehouse to a full time crypto trader. Here are some of the best tools that helped me to get started

    Posted: 04 May 2018 12:34 AM PDT

    For the past 7 years I have been working overnight shifts as a warehouse security guard in my hometown. I have always wished that one day I can actually follow my dream for financial freedom by not having to work for anyone by myself. My day job was a very hard and demanding, that wasn't paying me so well. Unfortunately, I don't have any college degree, so I couldn't find any high-income job to provide me and my family with.

    But everything changed about a year ago, when a friend of mine introduced me to the cryptocurrency market. I was blown away from the amount of opportunities that was just around the corner. I was even more amazed by the fact that all regardless of my social and educational background and status, I could actually learn a lot about crypto trading and could actually make some money.

    Here are some of the best tools that helped me to get started:

    Step 1 – Learn the basics of Forex trading:

    Forex trading is very similar the crypto trading. in both of them we are applying day trading methodology that is based on quick swings(type of trading tactic). Learning how to trade in Forex is the best fundamental for crypto trading. This is pretty much the same. At https://www.babypips.com/ you can easily start learning about forex day trading that will give you the basics and the advance guidance you need in order to start trading.

    Step 2 – Understanding trading patterns:

    One of your biggest skills that are built along the road that you are doing to become a successful crypto day trader is to understand and recognize specific trading patterns. ThePatternSite(http://thepatternsite.com/) Is one of the best tools that you can find online in order to learn and practice your pattern recognition that will make you a better and much successful day trader.

    Step 3 – Automated Trading and Strategies: Trading is a zero-sum game. When you lose money some else is making money. If you won't build any advantage over other traders, it's more likely that you will be on the losing side.

    One of keys the building this advantage is using automated trading methods that are implemented by bots(similar to algotrading but on a very basic level)

    This is actually a really interesting part of trading thing but for the average person it will be something that is impossible to build nor implement. The average crypto day trader is not a coder from birth. When I searched the web for an automated trading tool that doesn't requires any coding skills in run into this great piece: Capitalise Crypto(https://www.capitalisecrypto.ai/).

    This great tool (currently runs on beta) helps users implement and automate any type of strategies, from the simplest to the highly complex using natural language and without the need for coding experience. This simple but really effective tool is a great add-on to your set of tools you can use to make your trading much more efficient and automated.

    Step 4 – Free chart and live quotes for traders:

    Every day trader needs to have online quotes and charts. Without having them we can't trade and therefore we can't do nothing. Tradingview(https://www.tradingview.com/) is a great website and also a fantastic free tool that presents live charts and quotes that we use as our base for crypto day trading.

    In conclusion, this is a huge world you are getting into, so I really tried to come up with the best and most basic tools for you to get started with. Just like every other thing in life, in order to succeed in this, you will have to practice over and over again and even fail and lose money sometime. Keep it in mind that day trading in the crypto market is a big risk so make sure you risk only a certain amount of your saving/earnings. For your safety, make sure you take is step by step and don't hesitate to ask any question.

    Good luck!

    submitted by /u/Madarosis
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    Iota tech deepdive

    Posted: 04 May 2018 12:34 AM PDT

    IOTA releases long awaited Project Q

    Posted: 03 May 2018 06:54 AM PDT

    PwC Announces Investment and Joint-Business Relationship with VeChain

    Posted: 04 May 2018 03:06 AM PDT

    Ethereum On the Brink of $800.00

    Posted: 04 May 2018 02:00 AM PDT

    ICON Partnerships and DApps - A Detailed List

    Posted: 03 May 2018 06:17 PM PDT

    Just finished installing this large art commission made from cut up fiat currency

    Posted: 03 May 2018 09:38 AM PDT

    One of the best Icon ICX Videos I've seen so far. In depth understanding in under 10 minutes

    Posted: 03 May 2018 08:31 PM PDT

    Binance adds XRP/USDT trading

    Posted: 04 May 2018 01:15 AM PDT

    Matrix AI Network (MAN) - A Summary of MATRIX main features

    Posted: 04 May 2018 12:12 AM PDT

    So I discovered MATRIX at the beginning of the week and must say its an insane concept/project and got pretty interested in it. I did some research about the project and tried to summarize the key elements for the project to decide if its worth to invest.

    Here is my little list of (imo) the most important features:

    - Matrix is an AI-Enabled autonomous self-optimizing Blockchain

    • It is a Design of the new Generation of Blockchain Technology

    • Uses Markov Chain Monte Carlo (MCMC) instead of the currently used Hash algorithm

      • Instead of doing useless calculations (HASH) with MCMC its possible to use the computing power for research purposes and "sell" the computing power of the whole Network to external Research facilities or any other Company which can use the computing Power.

        → Currently used for AI Cancer Image detection (Liver/Thyroid detection already used in Chinese Hospitals)

    • Unique Hybrid consensus Algorithm: Random POS selection of delegate node → nodes are then able/allowed to do POW. Cause of this hybrid POS/POW algorithm MATRIX is able to scale indefinitely (up to 1MM tp/s)

      • Because of this unique consensus Algorithm the waste of energy is getting significantly reduced cause only the nodes which are selected by the POS are mining a Block instead of the whole Network (Current POW)

    • Smart Contracts in Nativ Language: AI converts own Language into Code and smart contracts

    • Self Optimizing AI for automatic security audits to detect errors/exploits in smart contracts before deploying

      • This security audit would prevent hacks/exploits like the DAO hack or the current problem with Ethereum where it is/was possible to generate Coins by an integer overflow. If an smart contract doesnt pass the security audit it cant be deployed on the blockchain.

    • Own Mining Chip Company for the unique Algorithms

    • Already working Liver Cancer AI-Image Detection in multiple Hospitals

    • Already working Blockchain in Testlab with 50000 tp/s

    • One of the best Team in Crypto:

      • Steve Deng: Chief AI Scientist/Chinas High Speed train Project/Professor at NVIDIA/AI Cancer Image
      • Bill Li: Chief Network Architect/Major Contributor to 3G/4G/5G Standards/Chief Architect of Chinas first WiFi-Transceiver/...)
      • Owen Tao: CEO/Lead alot of very Successfully high-tech Startups
      • Alot of other Developers which came from the best Tech-Firms around the world (Microsoft/Facebook/Alibaba/Stanford and much, much more)

    • The Foundation got founded from following 3 Persons which are now current in the adviser board:

      • Michael Lai-Yick Ng: Was the Co-Founder of the Lenovo Group and has over 35 Years of experience in the technology sector in China.
      • Ignatius Cheng Kwok-Lap: He was the CFO (Chief Financial Officer) of the Lenovo Group and is a member of the association Certified Public Accountants United Kingdom & Hong Kong
      • Benedict Tai: Partner of a major US law firm with over 30 years of experience specializing in cross-border corporate finance.

    • Biggest Partnership in Crypto: One Road one Belt Infrastructure Project

    • Deep Connections to the Chinese Government - MATRIX ICO was the only Government approved ICO in China

    So these are the features/key elements I found while researching this Project and are most relevant imo. If I forgot something essential I gladly add it to the list.

    If you have any questions about this Summary or about the Project as a whole a gladly try to answer them or maybe even someone from the Team/Community is able to answer them.

    Thanks for reading and I hope it helps to understand the Project/Vision of MATRIX or even helps to decide wether you decide to invest.

    submitted by /u/depp1995
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    about 6 weeks ago we added ETH, BTC, and LTC payments to our art company's website. Because of it, we've exploded in sales and many of our limited pieces are completely selling out. A huge thank you to the entire crypto community!

    Posted: 03 May 2018 10:22 AM PDT

    Mastercard's quarterly report slumps due to cryptocurrency ban - Coin Star News

    Posted: 04 May 2018 12:59 AM PDT

    Reddit co-founder predicts Ethereum to reach $1,500 (NOT $15,000--earlier he misspoke in the article on the front-page here)

    Posted: 03 May 2018 04:04 PM PDT

    Bitcoin Smart Banknotes Launched in Singapore

    Posted: 04 May 2018 01:39 AM PDT

    I have started a dutch video series for practical use of Bitcoin & other cryptocurrencies to get people in Belgium and The Netherlands excited about using it for other things than just speculation.

    Posted: 04 May 2018 12:06 AM PDT

    Indonesia, SE Asia's largest economy, to embrace a blockchain solution from Horizon State. Will roll out services to millions.

    Posted: 03 May 2018 07:55 PM PDT

    coincall.io labels Bitcoin Cash a "scam"

    Posted: 03 May 2018 08:11 AM PDT

    This is how you do it...This street art in Paris has a QR code for donations in Bitcoin

    Posted: 03 May 2018 06:26 AM PDT

    IOTA Q and ETH Smart Contracts

    Posted: 04 May 2018 03:07 AM PDT

    We all agree that ETH has been the king of smart contracts and DApps.

    Now that IOTA announce Q and it will do smart contracts.

    I wonder how would this affect ETH?

    Would this boost both IOTA and ETH? (I noticed ETH price went up with the announcement)

    Would this mean that IOTA will put ETH at risk? (given the zero fee and speed of IOTA vs ETH)?

    Would both be integrating as both can handle smart contracts, can they handle the same contract? (example, a contract to exchange IOTA a and ETH directly)?

    Would this enable ETH to "use" the tangle?

    The only thing I am sure about is that it will boost IOTA incredibly thousands % even more than bitcoin in 2017.

    Any help in explaining this would be highly appreciated.

    P.S. ELI5 please.

    Thank you.

    submitted by /u/limopc
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    Genesis Vision ~ Platform for Trust Management: Top Crypto shillers can prove their skills with FULL transparency

    Posted: 04 May 2018 01:22 AM PDT

    GVT Alpha platform soon to go live from demo. Getting interest from some popular crypto influencers such as @CryptoChoe @PeterLBrandt @VentureCoinist @davidgokhshtein just to name a few.

    Now these guys can show off their skills and potentially monetize their following. Trades made via Metatrader 4/5, GV platform being on the blockchain will allow full transparency.

    Passive income opportunity, investors and managers profit share. GVT itself has a super low supply and a MC under 100mil, combined with a release of Genesis Markets i think investors in this platform should be pretty excited!

    https://blog.genesis.vision/genesis-markets-announcement-f520ea832168

    submitted by /u/elcryptonerd
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    Bitmain announced yet another Threat to Decentralization

    Posted: 04 May 2018 12:22 AM PDT

    Here we go again... Bitmain just announced their newest gadget to claim world dominance. The s9 mini 10.000sols/300watts in Equilhash algos. the the data reads it will totally crush the hobby/ supportive miners out there. So bye bye decentralized and hello bitmain monopoly...

    I really want to hear your guys opinions on this topic, since i havent seen people showing much attention to this topic outside from some YT videos.

    i dont want it to go down like ETH where they just go with it... I WANT TO FIGHT LIKE THE MONERO DEVS DID -we need HardForks for all those cool projects that are to come, i bet you mylast twocents that bitmain already uses those miners activly to drive up the network difficulty just like at cryptonight.

    submitted by /u/McSupergeil
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    Social mining vs bitcoin mining a side by side comparison.

    Posted: 04 May 2018 03:02 AM PDT

    IOST was just featured in the Korean Wall Street Journal (MK) - Meet Korea's new favorite coin!

    Posted: 04 May 2018 03:34 AM PDT

    New Flag of my City Looks suspiciously like Monero

    Posted: 03 May 2018 09:05 PM PDT
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    1 comment:

    1. Tam RichardJanuary 16, 2021 at 3:01 AM

      This content is written very well. Your use of formatting when making your points makes your observations very clear and easy to understand. Thank you.
      tornadocash

      ReplyDelete