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    [Daily Discussion] Friday, November 23, 2018 Bitcoin Markets

    November 23, 2018

    [Daily Discussion] Friday, November 23, 2018 Bitcoin Markets

    [Daily Discussion] Friday, November 23, 2018

    Posted: 22 Nov 2018 08:05 PM PST

    Thread topics include, but are not limited to:

    • General discussion related to the day's events
    • Technical analysis, trading ideas & strategies
    • Quick questions that do not warrant a separate post

    Thread guidelines:

    • Be excellent to each other.
    • Do not make posts outside of the daily thread for the topics mentioned above.

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    [Altcoin Discussion] Friday, November 23, 2018

    Posted: 22 Nov 2018 08:05 PM PST

    Thread topics include, but are not limited to:

    • Discussion related to recent events
    • Technical analysis, trading ideas & strategies
    • General questions about altcoins

    Thread guidelines:

    • Be excellent to each other.
    • All regular rules for this subreddit apply, except for number 2. This, and only this, thread is exempt from the requirement that all discussion must relate to bitcoin trading.
    • This is for high quality discussion of altcoins. All shilling or obvious pumping/dumping behavior will result in an immediate one day ban. This is your only warning.
    • No discussion about specific ICOs. Established coins only.

    If you're not sure what kind of discussion belongs in this thread, here are some example posts. News, TA, and sentiment analysis are great, too.

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    WHAT'S GOING ON WITH BITCOIN?

    Posted: 23 Nov 2018 09:23 AM PST

    Yes, I agree there are many different projects worth mentioning and I will write an article discussing the ones I consider to be the most promising, their advantages and problems. But for now, let's focus on Bitcoin. Not because of price, but due to adoption: no other cryptocurrency has as many users, developers and infrastructure support. Maybe Ethereum, which is closing in, but still Bitcoin is the most widely spread cryptocurrency and the base layer for the entire market.

    Today I will be discussing ways bitcoin is being improved and infrastructure changes happening in the near future, that can potentially help by lowering fees, by improving ease-of-use, by creating off-chain payments solutions or simply by adding more transactions to each block. There are ways of implementing each solution separately, but some core technology must be widely adopted, like Segregated Witnessing (SegWit).

    There will be three main topics I will approach today: batching, schnorr signatures and atomic swaps. I've been discussing the Lightning Network too much and I want to check different potential solutions, less prone to centralization.

    ​

    Speaking of the devil, that's definitely one of the features I believe we should be trying to avoid. Bitcoin's purpose is to be fully decentralized, so any action, update or improvement that won't go in that direction should be disregarded.

    submitted by /u/emma1890
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    some interesting thoughts from Morgan Creek founder

    Posted: 23 Nov 2018 04:28 AM PST

    Today we would like to share with you some interesting thoughts from Morgan Creek founder, Anthony Pompliano. In its largest analyses where he especially highlighted that Bitcoin price went down 15% in a day and currently sitting around $4,500 which is more than a 75% decline from the all-time high in December 2017, he also said: "Many crypto funds and ICO projects are about to race to shut down or declare bankruptcy". There's a tendency to see that as a stress-test situation that will clear the market from intruders that aren't interested in crypto enough to understand how it works.

    This situation makes people wonder if Bitcoin is going down completely. And here's another point of agreement we share with Morgan Greek founder, who said: "While price volatility can be emotionally painful, we continue to reiterate to our clients that Bitcoin is acting as we anticipated". On August 24 of this year, with Bitcoin around $6,500, Anthony Pompliano wrote "we are likely to see Bitcoin near $3,000 before we see Bitcoin at $10,000 again. If this is true, that means we still have ~50% price decrease to go. Things may get really, really ugly if this happens."

    The thing is we are looking at the market which is really volatile. Like, really volatile. So it's take it or leave it. We recommend you take it.

    And here's Anthony's tweet we would like to share with you:History lesson:

    - People feared electricity- People feared first train- People feared first plane- People feared the internet- People feared hedge funds- People feared Bitcoin

    People fear what they don't understand. Don't get caught on the wrong side of history.

    Best regards,

    /r/TrodaxCat

    submitted by /u/TrodaxCat
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