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    Cryptocurrency Daily Discussion Megathread - November 25, 2018

    November 25, 2018

    Cryptocurrency Daily Discussion Megathread - November 25, 2018

    Daily Discussion Megathread - November 25, 2018

    Posted: 24 Nov 2018 09:39 PM PST

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

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    submitted by /u/CryptoCurrencyMod
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    Bitcoin breaches $4000 in 15 minutes. What is happening ��

    Posted: 24 Nov 2018 01:40 PM PST

    Time to buy, not to sell. Fidelity, bakkt, and etf in Jan

    Posted: 24 Nov 2018 10:10 PM PST

    That’s it folks. We did our best, but it’s time go work at Walmart again.

    Posted: 24 Nov 2018 08:03 PM PST

    I’ve learned so much from my time on Reddit and in the crypto scene in general. I really feel like I’m at a point where I can start giving rookies advice on how to make tons of cash in crypto. Here are a few things I’ve picked up along the way:

    Posted: 24 Nov 2018 03:59 PM PST

    1. Buy low and sell high, but make sure you hodl all the way down cause it's going back up to the moon.

    2. Never invest more than you're willing to lose, but if you lose all that make sure you buy more to dollar cost average.

    3. Bitcoin is the ultimate store of value, and don't let some noob pointing out that your $15k is now $3.7k in less than a year tell you otherwise. Ultimate volatility = ultimate store of value.

    4. YouTube is a fountain of expert knowledge and consistently accurate price predictions. Go there and rather than inquire into their level of expertise, pick your favorite based on their personality and theme song. And remember, FINANCIAL ADVICE IS NOT FINANCIAL ADVICE.

    These are just a handful of tips from me, a seasoned crypto expert, forged in the flames of Reddit and YouTube. I hope they serve you well on your journey.

    submitted by /u/protoman86
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    The strongest hands: Vitalik has lost more than $450M in less than a year and is now worth only $37M, down from $500M

    Posted: 24 Nov 2018 08:18 PM PST

    As relevant as it was in January.

    Posted: 24 Nov 2018 06:21 PM PST

    One Good Thing about all of this- Crypto is Funny again.

    Posted: 24 Nov 2018 08:35 PM PST

    I am just some dude who bought crypto a while back and rode this train into the hyperbole.

    The new Paradigm. Fiat over. /u/Sholtie here da new millionaire of the world along with all his reddit buddies.

    I was legit looking up which houses to buy which I felt I needed just another 10x to get to, at the rate things were going I that should've taken a couple of weeks by my estimation. Like everyone else here, I was in it for the tech...

    And by tech I mean new upgrade features they were adding to the Lamborghini Gallardo.

    Everyone on this sub was shilling, left, right, and centre. And ya boi here was buying. TRX worth 20 billion dollars because they released a tamogotchi Doggo game? Revolutionary.

    But then times got tough, I noticed I was only up 3% in a day. Sometime 2%, maybe 1%. Modest returns. But that was good right? I had a "stable investment". Until it started to drop.

    And with it, this sub got toxic, people were arguing, HODL vs weak hands, explanations for the losses, suicide hotlines. "OG experts" forecasting the future and demanding everyone listen to their prophetic wisdom- he's been here since 2011 bro he's basically psychic. Chinese New Year to Consolidation to Store of Value to Ride-or-Die, I stopped following this sub because it wasn't fun anymore.

    In the greed that blinded us through the decline, this sub lost its way. We lost what made this place so great in the first place...

    Mildly useful information but mainly lols.

    Ironically it was this exact sentiment that fuelled the pump in the first place. Good vibes, optimism and a dream. I am not rational. People are not rational. We get a good feeling about something, with others that are feeling the same way, we go for it.

    Today. r/CryptoCurrency was different. Shit was funny today. Top comments of 1.5k upvotes with people rueing their losses in pained laughter. Some dude posted a TA that he sees a "strong resistance point for BTC at 0$"- lol. Turning this random propbet by some arrogant guy into a meme- Quality. People are numb to the pain now. Its kind've beautiful. The price might not have recovered yet but the community certainly is. Im not an analysis guy but I do not underestimate the value of sentiment and from what I see, people seem a lot more positive. Which in my opinion is one of the most vital characteristics of a purely speculative investment.

    Keep it fun guys. Im enjoying this. This is the true spirit of /r/Crypto.

    submitted by /u/Sholtie
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    Bitcoin on Thanksgiving since 2010.

    Posted: 24 Nov 2018 05:43 PM PST

    I'm going to talk about the thing nobody seems to want to talk about.. or that nobody notices.....

    Posted: 24 Nov 2018 10:45 PM PST

    Why do we not put repeated pressure onto the central banks and BIS when it is clear they are the force pushing to kill the market. This isn't people "selling" or "leaving crypto". People don't leave crypto first of all. Even after they have lost all their money you can still find them defending it.

    ​

    The coordinated unrelenting sell pressure, along with the coordinated attempts to contain and prevent all possible breakouts in the market over the last ten months, is most likely a single coordinated entity. Pull up the 12 biggest exchanges onto a few monitors and just watch for half a day. That is all the convincing one really needs. it is a type of manipulation that has one objective, to completely erode sentiment towards cryptocurrency and permanently damage the publics perception towards it.

    ​

    These are the direct words from the mouth of the head of the Deutsche Central Bank " I am pretty confident that we will reduce most citizens' interest in digital currencies.""

    ​

    Or how about the head of the CME Group "We'll tame bitcoin...."

    ​

    Or in the words of the European Parliament Committee " "the market power of banks in traditional banking services can be used to limit competition in the cryptocurrency market through pre-emptive acquisitions or predatory pricing schemes."

    ​

    I am well aware that people will come in here and troll and talk of conspiracy theories, and those people are more than likely one of the many people on payroll. The central bank of poland, for instance, was caught spending $40,000 to pay a youtuber just to talk some FUD in his youtube video. Forty G's to a polish youtuber just to talk fud. If that's how broad and deep their budget is..... and that's one of the poorest central banks out there.

    ​

    Anyone who believes that these banks and the BIS aren't actively and aggressively trying to stomp out the ONLY THING that has ever truly threatened their power and control, you are either ignorant or lying.

    ​

    The most likely villian is the BIS, as the BIS is above the law, quite literally (the bank and it's members cannot be sued, charged with crimes, searched, arrested, and government officials from any country are not even allowed on the BIS land....being priveleges granted to the Bank by every country except iran and north korea essentially) Since The BIS is able to operate without any sort of regulatory oversight, and they have enough gold and cash reserves to buy the entire crypto market at full price a hundred times over.

    ​

    ​

    They have no interest in selling for the best price. They are willing to market sell 200,000 ETH at once. They are willing to let their presence be brazenly obvious, even gloating, it was no coincidence that hours after BTC finally broke below $6000, a week or so ago, the IMF gave a press conference speaking about the need for central bank cryptocurrencies. Shills like Nouriel Roubini meanwhile are given spots on national television, presenting in front of congress, despite the fact that over 7 years he has made no attempt to even hide his disgusting bias and alliance.

    He has called bitcoin a scam in 329 tweets. He has called gold a scam in over 150 tweets.

    Has he ever mentioned just one of the over 1800 violations for financial crimes and misdeeds since 2000? Nope. On a day when dankse bank is making "alt" news headlines for 200 billion in money laundering, instead he tweets about bitcoin being a scam 5 times.

    ​

    So the whole point of this, Is..... why are we just sitting back and accepting it. If we do nothing to combat the lies, to expose the manipulation, it will simply continue. We DO HAVE POWER. We do have voices. If they are aggressive in their attacks, we should be aggressive in our defenses. If all the public hears is the same bullshit narrative, that is what they will believe.

    ​

    WE MUST CHALLENGE THIS CRAP. When the head of the ECB calls bitcoin an evil spawn of the financial crisis, he should be getting 40,000 tweets asking him how bitcoin is an evil spawn, yet his bank, along with the us treasury, and the central bank of england, are all run by executives that used to work at the investment bank largely responsible for the 2008 collapse. He should have 40,000 tweets correlating his direct responsibility for the crash and the resulting 10,000 suicides that were ruled as fallout from it.

    ​

    Nothing is going to stop or change unless we find a way to organize together and start calling these losers out. Seriously

    submitted by /u/MuchWandering
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    $1000 bet Bitcoin does not fall below $3000 this year

    Posted: 24 Nov 2018 09:23 PM PST

    $1000 bet Bitcoin does not fall below $3000 this year, i'm pretty confident it won't.

    I cashed out $1k to make this bet http://prntscr.com/lmmzgo

    Mention me if it falls below $3k and i'll donate it to a charity of your choice and show proof of me donating it

    submitted by /u/Dubby_000
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    Interesting speculation from March

    Posted: 25 Nov 2018 04:32 AM PST

    While many are accepting their losses and thinking of quitting crypto, a lot of people see this as an opportunity to buy low. Conimama is even launching "Crypto Sunday" which will be a huge incentive for more people to enter the market.

    Posted: 25 Nov 2018 12:01 AM PST

    I'm riding this to $0

    Posted: 24 Nov 2018 09:08 AM PST

    I would not recommend doing this, but I'm young and stupid, so fuck it.

    I've only invested a few hundred dollars. Not enough to break the bank. But at the top, I had over ten thousand dollars, absolutely insane returns.

    Worst case, I lose everything, which isn't much to begin with. Best case, I do very well for myself. Either way, I won't lose sleep over it. I knew going into this that the market was unpredictable and volatile. It did not deter me then, and it will not deter me now. I expected to hold for at least 5 years anyway.

    Trust me, I feel as depressed as the rest of you. But I still plan to invest in this space, even if its not monetarily.

    Good luck and God bless.

    submitted by /u/pentakiller19
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    Stop your bitching

    Posted: 25 Nov 2018 12:30 AM PST

    Shopping days such as Black Friday, and Cyber Monday have seen a massive rise in popularity. The Crypto market is always trying new ways to gain exposure and become widely adopted. Now we can join the big leagues of marketing with Crypto Sunday.

    Posted: 24 Nov 2018 11:08 PM PST

    Binance CEO: 2019 Is The Ultimate Year For Crypto Mass Adoption....

    Posted: 25 Nov 2018 02:27 AM PST

    Something worth remembering in this market...

    Posted: 24 Nov 2018 09:12 PM PST

    HEY HEY HEEEEYYY

    Posted: 24 Nov 2018 01:14 PM PST

    The only Black Friday sale I give a f**k about.

    Posted: 24 Nov 2018 07:25 AM PST

    Coinbase is like “Everything is fine, look at this chart. A nice plateau. Ignore the -10.17%, just look at the nearly straight line.”

    Posted: 24 Nov 2018 03:21 PM PST

    Looks like 3.5k is coming!

    Posted: 24 Nov 2018 07:49 PM PST

    There is only one way for Crypto to start growing back.

    Posted: 25 Nov 2018 01:32 AM PST

    I was thinking about it after reading an article by Yoanis Varufakis, and I believe he was right.

    When asked about BTC in December last year, even as a fan of Crypto, he said it's value is fake because price started growing but consumption didn't. There was a huge dissproprtion of the two. Unlike in the previous period.

    Earlier, people were using Crypto to buy stuff and pay for services. But as a rapid growth started everything stoped. Noone wanted to spend a currency that was growing so fast. And the lack of usage of Cryptocurrencies as a payment method knocked down the price. Basically, hodling ruined the value of Cryptocurrencies.

    So now everything we need and can do is to start using Cryptos as a payment method again and it will steadily grow again.

    submitted by /u/milosmudric
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    I found a bitcoin wallet from early 2011 and...

    Posted: 24 Nov 2018 04:53 PM PST

    I purchased what I though was just a few Bitcoins privately in early 2011 because my nerdy brother convinced me it was a great idea.

    Two months later, life presented me with my first cardiac arrest, a year later - divorce, closely followed by my second cardiac arrest.

    Suffice to say, my BTC portfolio didn't get much attention for a few years.

    Today I went through my old Dell laptop which was apparently last booted in June 2011. I knew I had a "tiny amount" of BTC on it somewhere and I debated whether it was worth spending time on recovering it, since my brother did all the wallet setup (he passed away a few months ago). Then I noticed "wallet-0.3.21.txt" on the desktop and opened it in Notepad.

    And there it was: account number, amount and detailed instructions on how to use the wallet.

    ...AND OH MY GOD, THE WALLET HAS 180 BTC IN IT! I was 100% sure I had something in the vicinity of 0.1 BTC. Apparently 180 BTC in early January of 2011 was worth just about $60 and I never realized just how insane the price growth has been.

    To me, this is a life changing amount and I'm going to sell it all today once I figure out the exchange stuff.

    Thanks my dear brother, I knew you were watching out for me!

    submitted by /u/nugatty
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    Crypto is not the scam... day traders and powerful investors are trying to scam you

    Posted: 24 Nov 2018 04:55 AM PST

    "the bottom is 3k"

    Says who? Why the hell would the bottom be 3k? Why not 2k? Why not zero? Whenever you ask these questions, there's immediate objection to crypto being worthless because clearly it's revolutionary tech (otherwise why would ICE launch BAKKT? you think the company that runs NYSE doesn't partially control the future along with its other wallstreet buddies?), but the target is set to 3k for some reason....

    That's because it's the price people want to buy in at. People want in on crypto, but they'll do anything they can to drive the price down. You have discord groups with thousands of members trying (usually poorly) to manipulate prices, here and on other forums, and large investors are happy about it.

    I've been in cryptocurrency since the early days. It was NEVER about hype and advertising, it was about revolution, but now it's about fear mongering and futures trading. Disgusting. You have people cheering for bitcoin's failure so they can make a quick buck, then you have those very same people who reverse the tides in their shilling so they can earn on the upswing as well.

    WELL, something is definitely happening. The stock market is about to eat shit, Venezuela is literally a failed country, and our fiat debt-based currency is losing steam. Real estate markets are crashing (australia, canada, the US to follow soon probably) because all the money is propped up by Chinese investors with a faker economy (thus currency) than America's. We are going to enter a new world, and crypto is a transitionary technology that will lead us somewhere that no one knows yet, but it will be part of the new economy simply because it is money controlled by people, not bankers, government, or politicians.

    I'm not telling you to buy more, I'm not telling you to sell. Just try to see what is in front of you. And no, it's not going to be just bitcoin. The top alt coins will create their own micro-economies. Don't fall for the media manipulation, cryptocurrency is here and we're on the cusp of working crypto economies. Be safe, I love this community and the people behind it.

    submitted by /u/hellybeaner
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