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    Home Unlabelled Crypto Currency Markets Weekly Discussion Megathread - 03/Dec/2018

    Crypto Currency Markets Weekly Discussion Megathread - 03/Dec/2018

    December 03, 2018

    Crypto Currency Markets Weekly Discussion Megathread - 03/Dec/2018

    Weekly Discussion Megathread - 03/Dec/2018

    Posted: 03 Dec 2018 09:11 AM PST

    Welcome to the /r/CryptoMarkets Weekly Discussion thread. The thread guidelines are as follows:

    The thread guidelines are as follows:

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    • Breaking news or other important content should be submitted as a separate post.
    • Cryptocurrency discussion not related to trading should be referred to the r/CryptoCurrency general discussion thread, see here.

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    Thank you in advance for your participation. Enjoy!

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    SEC Is Going to Fine Social Media Celebrities Who Promote Scam ICOs

    Posted: 03 Dec 2018 05:03 AM PST

    XRP (XRP) Gets Listed on KuCoin

    Posted: 03 Dec 2018 04:49 PM PST

    A Market Bottom We're Waiting For:

    Posted: 03 Dec 2018 05:30 PM PST

    • Developer companies - closing due to not enough funding

    • Miners - mostly not profitable

    • Shitcoins with PoW - 51% attacked due to the extremely low hashrate

    • Crypto news media - barely followed by anyone

    • Retail investors - in extreme fear and heavy bags -90% value from ATH, in average

      • Institutional investors - buying, ready to buy more and HODL for the next 10+ years

    Do you see all these signs? I'm starting to see everything mentioned above every other day, and this news is another part of the grand picture.

    https://cryptobriefing.com/etcdev-ethereum-classic/

    submitted by /u/Kashpantz
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    Coinbase Launches OTC Trading Desk Without Fanfare

    Posted: 03 Dec 2018 06:19 PM PST

    New Frontiers: ARK Desktop Wallet v2 Released

    Posted: 03 Dec 2018 12:50 PM PST

    Cryptocurrency Derivative Exchange LXDX Launches Referral Contest

    Posted: 03 Dec 2018 04:32 PM PST

    Cryptocurrency Market Analysis December 3, 2018; Top Coins see Red

    Posted: 03 Dec 2018 04:45 PM PST

    Yooya Integrates Factom (delivered through Wancloud, re-seller in China) For Online Video Performance Verification In China

    Posted: 03 Dec 2018 04:26 PM PST

    Take Care About Crypto Traders. Social Ads.

    Posted: 03 Dec 2018 12:41 PM PST

    EXPERIMENT - Tracking Top 10 Cryptocurrencies for One Year (2018) - Month Eleven - Bloody November, Stellar still in Lead - Overall Down 84%

    Posted: 03 Dec 2018 10:49 AM PST

    EXPERIMENT - Tracking Top 10 Cryptocurrencies for One Year (2018) - Month Eleven - Bloody November, Stellar still in Lead - Overall Down 84%

    Sideways no more/movement achieved

    tl;dr: After a few months of relative stability, we saw lots of movement in November, to the downside. NEM, Ripple, and Stellar and perform least horribly in November. Bitcoin Cash, easily the worst performer of the month, takes an absolute beating. Overall Stellar still on top.

    Click here for full blog post complete with charts, graphs, and charts of graphs.

    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. It began as a lazy man's Index Fund (no weighting or rebalancing), but I've moved away from that terminology as things have changed quite a bit since January 1st, 2018 (plus the term "Index Fund" seems to bring out the shills trying to sell their own Crypto Index Fund product).

    My experiment is less technical, more fun (for me at least), and hopefully still a proxy for the entire market- or at the very least an interesting snapshot of the 2018 crypto space. I'm trying to keep it simple and accessible for beginners and those looking to get into crypto but maybe not quite ready to jump in yet.

    The Rules:

    Buy $100 of each the Top 10 cryptocurrencies on January 1st, 2018. Run the experiment 365 days. Hold only. No selling. No trading. Report monthly.

    Month/Episode Eleven - Down 84%

    We could file November under "Be Careful What You Wish For." After a relatively dull September and October crypto watchers were feeling antsy and predicted a big move either up or down. We definitely got some movement in November, but not the positive kind: crypto absolutely tanked this month. As for this experiment, if September and October were a slow bleed, this month was akin to losing a limb: I am now down 84% since the beginning of the year - my $1k investment is now worth $161.

    November "Winners" - No one really. Performing least horribly were NEM, Ripple and Stellar, down -18%, -22%, and -29%, respectively. Each moved up in terms of ranking as well.

    November Losers - For the second straight month, Bitcoin Cash lost, but this month was something special. It was absolutely crushed, losing -62% of its value in November.

    Overall update – Stellar solidly in lead, BTC a distant second. Cardano and Bitcoin Cash at the bottom.

    Even though Stellar is down -50% for the year, it remains squarely in the lead, followed distantly by Bitcoin down almost -70% for the year. This is not a surprise to anyone who's been following the experiment - Stellar has been one of the strongest cryptos most if not all months this year.

    Although Cardano and Bitcoin Cash are the absolute worst performers at -94% and -93% respectively, they are closely followed by NEM IOTA and Dash. The takeaway? 5 out of the 10 cryptos that started the year in the Top Ten have lost over 90% of their value.

    We had a lot of movement this month in terms of ranking. The Ups were Stellar up from #6 to #4, NEM up from #17 to #15, and Ripple, up from #3 to reclaim the #2 spot it held at the beginning of the year.

    Most of the remaining Top Ten Cryptos went the other way. Ethereum dropped to #3 from #2, Bitcoin Cash slipped to #5 from #4, Cardano is now at #10, dropping two slots from #8 last month. IOTA is down to #13 from #12 and Dash down to #14 from #13.

    NEM, Dash, and IOTA are Top Ten dropouts - they have been replaced by EOS (now at #6), Tether (currently at #8), and Bitcoin SV (currently at #9).

    Total Market Cap for the entire cryptocurrency sector:

    November saw $75 billion in value erased in the crypto market or about -36%. Definitely a painful month, but not the worst of the year. March was worse in both overall amount and percentage lost. The total market cap for crypto is now at its lowest month-end point of the year and from January 1st the market has lost -77% of its total value. Crypto hasn't ended a month above $300B since the end of May.

    Bitcoin dominance:

    One of the few constants this month: Bitcoin dominance basically held the month-end high it recorded at the end of October. As we've seen this throughout the experiment, when the overall market dives, BTC's dominance increases.

    Overall return on investment from January 1st, 2018:

    If I cashed out today, my $1000 initial investment would return $161, down -84%. I'm officially at the lowest point in terms of value.

    Implications/Observations:

    After a few uncharacteristically dull months in crypto, the breakout we were expecting happened, but not the direction most were hoping to see. There definitely is a sense of hopelessness in the crypto space, an extremely sharp contrast to the mood this time last year. With only one month left to go in the year, it appears extremely unlikely that sentiment will change in the next 30 days. I'm also noticing more and more crypto commentators are disappearing or starting to change the subject.

    Stellar continues to outperform its peers and is in a good position to end the year at the top of this experiment.

    Focusing solely on holding the Top Ten continues to be a losing strategy. While the overall market is down -77% from January, the cryptos that began 2018 in the Top Ten are down -84% over the same period of time. At no point in the experiment has this investment strategy worked: the initial Top Ten continue to under-perform compared to the market overall.

    But this month that gap narrowed to a 7% difference, from last month's 11% difference.

    I'm also tracking the S&P 500 as part of my experiment to have a comparison point with other popular investments options. November was again a volatile month - the S & P 500 finished up about 3.3% on the year meaning my $1k investment would have given me $33 on the year.

    Conclusion:

    Although November wasn't the worst month of the year for crypto, it certainly felt especially tough. Maybe it's the result of being beaten down all year, of yet another consecutive down month (cyrpto hasn't had a green month since the end of July) or the realization that 2018 probably won't be salvaged. Many seem to be abandoning hope, while the optimist ask: is there more room to fall or have we finally hit the bottom?

    Thanks for reading and the support for the experiment. I hope you've found it helpful. I continue to be committed to seeing this process through and reporting along the way. Feel free to reach out with any questions and stay tuned for progress reports.

    Although I've received some interesting suggestions, I haven't decided yet what to do with the experiment after December. If any one has suggestions, let me know in the comments.

    submitted by /u/Joe-M-4
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    Where to invest for higher ROI?

    Posted: 03 Dec 2018 02:44 PM PST

    Hello there, I have some small amount (around $200) of "spare" money and I want to buy some crypto and "forget" about it for some time (3-6 months at least). I am thinking of buying ETH or XRP. I like Ether because its almost perfect cryptocurrency, its (reasonably) fast, it has a lot of possibilities etc. I also like XRP because its the most efficient cryptocurrency, its the fastest crypto, fees are almost non-existent, Ripple plans to decentralize its nodes. There are few things I don't like about Ether and XRP, Ether is still a inflationary currency, there are no plans for PoS or even hybrid PoS, there is no hardcap. I also don't like centralized nature of XRP, I don't like multi-billion dollars worth of coins in the company's hands.

    submitted by /u/r3310
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    ARK Core v2 Is Now Live On Mainnet

    Posted: 03 Dec 2018 12:51 PM PST

    When will we see independent price movements on coins?

    Posted: 03 Dec 2018 09:53 AM PST

    For now, everything moves in synchronization, when does this change? Some coins have individual value propositions, so it seems there are 0 fundamentals in this market.

    submitted by /u/SnazzyKhakis
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    Fintech Innovations of Banks in Singapore ��‍��

    Posted: 03 Dec 2018 07:31 PM PST

    McAfee 2020 Campaign Plans To Use Skycoin

    Posted: 03 Dec 2018 11:41 AM PST

    Well known crypto author of several books, Andreas Antonopoulos calls for ‘EXIT’ – from the Global Banking Cartel. “What do you call it when a bunch of companies collude to set prices, fix markets, captured regulators, and bribe politicians?”

    Posted: 03 Dec 2018 03:06 PM PST

    The New Blockchain Payment Gateway Ecosystem - Any Crypto, Any Device, Any Time

    Posted: 03 Dec 2018 06:07 PM PST

    Bitmax Exchange's Pioneering Trans-fee Mining Model

    Posted: 03 Dec 2018 02:04 PM PST

    OKEx Announces Crypto Perpetual Swaps at Seoul's Nextgen conference

    Posted: 03 Dec 2018 01:45 PM PST

    Intel Patents New Bitcoin Mining Process

    Posted: 03 Dec 2018 05:29 PM PST

    66,000 BTC JUST Sent From An Address Not Active Since 2014!

    Posted: 03 Dec 2018 05:26 PM PST

    MOBU — Using Distributed Ledger Technology to Increase Liquidity in Capital Markets

    Posted: 03 Dec 2018 03:53 AM PST

    BitBook ICO - Travel Platform

    Posted: 03 Dec 2018 04:59 PM PST

    What is good platform PARQToken?!

    Posted: 03 Dec 2018 10:34 AM PST

    What is good platform PARQToken?!

    When we choose ico, we look at the platform or product that will be implemented. So in ico PARQToken a platform is being implemented aimed at solving car parking. Moreover, the platform is based on blockchain technology and has its own ERC20 format token, which can be used on the platform, as well as earned. This is a very good offer and it has already attracted a lot of attention. https://www.parqtoken.com/

    ​

    https://i.redd.it/hpi8ndu4x3221.png

    submitted by /u/venbusiness
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