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    Cryptocurrency Daily Discussion - April 3, 2019 (GMT+0)

    April 03, 2019

    Cryptocurrency Daily Discussion - April 3, 2019 (GMT+0)

    Daily Discussion - April 3, 2019 (GMT+0)

    Posted: 02 Apr 2019 05:14 PM PDT

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

    Disclaimer:

    Though karma rules still apply, moderation is less stringent on this thread than on the rest of the sub. Therefore, consider all information posted here with several liberal heaps of salt, and always cross check any information you may read on this thread with known sources. Any trade information posted in this open thread may be highly misleading, and could be an attempt to manipulate new readers by known "pump and dump (PnD) groups" for their own profit. BEWARE of such practices and exercise utmost caution before acting on any trade tip mentioned here.

    Rules:

    • All sub rules apply in this thread. The prior exemption for karma and age requirements is no longer in effect.
    • Discussion topics must be related to cryptocurrency.
    • Comments will be sorted by newest first.
    submitted by /u/AutoModerator
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    Three 7,000 BTC buy orders seen as catalyst for recent pump

    Posted: 02 Apr 2019 11:40 AM PDT

    Reminders: learn from past mistakes

    Posted: 02 Apr 2019 04:18 PM PDT

    The don't's of a crypto bull market:

    • don't get too excited

    • don't trade more $ than you can afford

    • don't listen to price predictions, even from so-called experts

    • don't brag about your gains to others

    • don't try to convince others to get into crypto, you'll look like an idiot when everything goes south

    Edit:

    • taking profits earlier is better than holding and losing it all
    submitted by /u/Mortum1
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    Google Trends searches for Bitcoin up 117% in past week (Worldwide)

    Posted: 03 Apr 2019 01:50 AM PDT

    I got top post for two days here with my bubble chart. Now there is a website as you requested!

    Posted: 02 Apr 2019 06:26 AM PDT

    Share your favorite DApps

    Posted: 02 Apr 2019 10:34 PM PDT

    In light of this great price action, let's take a look at what's beuing built in this space. Whether it's built on ETH, EOS, or even TRX, no judgement here.

    Bonus points if the DApp has a good amount of users.

    It seems that many of the apps are in the gambling niche, which is fine but variation is always good.

    submitted by /u/madamepoisson
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    Elon Musk: Dogecoin rulz

    Posted: 02 Apr 2019 01:18 PM PDT

    Don't do it!!!

    Posted: 02 Apr 2019 09:29 PM PDT

    During the next bull run, please do not give ICOs money and listen to those 'influencers'. All the ICO companies do is take your BTC&ETH at horrendously inflated valuations and sell it to fund their extravagant lifestyles while achieving 0 milestones for the company.

    Just buy Bitcoin and hold.

    submitted by /u/Henrythe1st
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    BTC Explosion caused by local LA resident's decision not to buy 2 weeks ago

    Posted: 02 Apr 2019 06:10 PM PDT

    It's the poor decision of a local LA resident that is being reported as the cause of this most recent pump.

    It's also being reported that he's been linked to the Rams super bowl loss, by deciding not to wear the rams jersey to a party. The 2016 presidential election, by deciding not to vote, as well as the USA's world cup failure by forgetting to watch their game vs Trinidad and Tobago.

    Further investigation is being conducted. He's responded with a short statement saying "why does this keep happening? you're welcome I guess..", but declined to comment further on the allegations.

    submitted by /u/nolanj162
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    Ahhhh feel so relieved!!!

    Posted: 02 Apr 2019 09:10 PM PDT

    Finally sold out of my Shitcoin "BCHABC" and I've never felt better! 60% gainz today alone and I don't have to deal with the most toxic delusional community out there. Thank you Asian algos. You're really taking one for the team here!!! It's incredible how caught up they are in trying to destroy BTC which supposedly isn't the "real" bitcoin. I am selling out of it 100% due to the fact they are all brain washed. Good fucking riddens. Here's a big fuck you to Roger Ver and the worst community I have ever laid my eyes on.

    submitted by /u/iambabyjesus90
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    Crypto exchange Liquid says it is now valued at over $1 billion following new investment [TechCrunch]

    Posted: 03 Apr 2019 03:01 AM PDT

    IOTA at Hannover Messe with many real world applications!

    Posted: 02 Apr 2019 02:01 PM PDT

    Doesn't it look BEAU-TI-FUL?

    Posted: 02 Apr 2019 06:52 AM PDT

    QLC Chain: The Latest Blockchain Build-Up Heads For Mass Market

    Posted: 03 Apr 2019 02:21 AM PDT

    Massive Bitcoin Whale Triggered BTC Surge With $100 Million Order, Says Crypto Investment Firm CEO

    Posted: 02 Apr 2019 08:23 AM PDT

    Nimiq Acquires Stake in WEG Bank AG

    Posted: 03 Apr 2019 02:37 AM PDT

    Bitcoin when it first hit $5,000 vs. Bitcoin today

    Posted: 02 Apr 2019 08:18 PM PDT

    Wot r u doing, Bart?

    Posted: 02 Apr 2019 03:21 PM PDT

    Launch of the International Association of Trusted Blockchain Applications - INATBA - Digital Single Market - European Commission - IOTA is a founding member

    Posted: 02 Apr 2019 11:46 PM PDT

    Bitcoin continues rally, surpasses $5,000

    Posted: 02 Apr 2019 07:57 PM PDT

    Thank you Wirex, exchanging is only available when you feel like the price is beneficial for you.

    Posted: 02 Apr 2019 10:46 AM PDT

    HPB Xiaoming Wang: Competition among public blockchains will continue in a larger market yet to be discovered

    Posted: 03 Apr 2019 12:40 AM PDT

    BTC is now above the 1D cloud on massive volume and flipped bullish for the first time since early 2018. ��

    Posted: 03 Apr 2019 12:17 AM PDT

    Here it is before anyone else does

    Posted: 02 Apr 2019 05:43 PM PDT

    Someone is happy about the BTC rally

    Posted: 02 Apr 2019 04:48 PM PDT

    EXPERIMENT - Tracking Top 10 Cryptocurrencies for Two Years (2018 & 2019) - Month Fifteen - Down 83%

    Posted: 02 Apr 2019 09:38 PM PDT

    EXPERIMENT - Tracking Top 10 Cryptocurrencies for Two Years (2018 & 2019) - Month Fifteen - Down 83%

    ​

    Two good months in a row?

    tl;dr - Two good months in a row for the Top Ten, Cardano far outperformed the pack in March, Stellar overtakes Bitcoin for the overall lead.

    Click here for full blog post complete with lots of pretty colors.

    The Experiment:

    Instead of hypothetically tracking cryptos, I made an actual $1000 investment, $100 in each of the Top 10 cryptocurrencies by market cap as of the 1st of January 2018. Think of it as a lazy man's Index Fund (no weighting or rebalancing), less technical, more fun (for me at least), and hopefully still a proxy for the market as a whole - or at the very least an interesting snapshot of the 2018/2019 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.

    I have also started a parallel project: on January 1st, 2019, I repeated the experiment, purchasing another $1000 ($100 each) into the new Top Ten cryptos as of January 1st 2019.

    The Rules:

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

    Month Fourteen - Down 83%

    March marked two solid back to back months: besides Ripple (which is only down -2%) the entire field is green. And sixty percent of the field saw well over double digit gains in March.

    Ranking

    Not tons of movement this month. Both Dash and Cardano moved up two places in the rankings, great progress for these projects this month. Congrats to Cardano on reclaiming its Top Ten Spot, a position it hadn't occupied since November 2018.

    IOTA dropped a place and NEM continued it's steady descent - it now holds the dubious distinction of being the first crypto in the experiment to have fallen out of the Top Twenty.

    NEM, Dash, and IOTA are Top Ten dropouts - they have been replaced by EOS, Tether, and Binance Coin.

    March Winners - Cardano absolutely crushed the field this month, up nearly +63% in March, followed by Dash, up +33%.

    March Losers - Ripple was the only crypto in the red in March, down -2%.

    For those keeping score, here is tally of which coins have the most monthly wins and loses during the first 15 months of this experiment. Most monthly wins (3): Litecoin. Most monthly loses (4): NEM.

    Overall update – Stellar takes back the lead from Bitcoin. NEM and BCH at the bottom.

    Stellar, down -66% from January 2018, reclaimed the overall lead in the experiment, overtaking Bitcoin, down -69% over the same period. Yes, being down "only" this much qualifies both as the best performers.

    Although they bounced back a bit this month, NEM and Bitcoin Cashcontinue to occupy the bottom, down -94% and -93% respectively. My initial $100 investment in NEM is worth just $5.91 and Bitcoin Cash is worth $6.70.

    Total Market Cap for the entire cryptocurrency sector:

    The total crypto market cap increased $15B in March, up +11% for the month. It is down -75% since the beginning of the experiment, January 1st, 2018. At $145B, the market is at its highest point since November 2018.

    Bitcoin dominance:

    Bitcoin dominance dropped again in March, inching closer to the psychologically significant 50% mark. If experiment history is any indication, we can expect to see BTC dominance drop as/if the overall market gains strength and people feel more willing to risk investing in projects other than Bitcoin.

    Overall return on investment from January 1st, 2018:

    My Top Ten of 2018 portfolio increased nearly $25 in total value this month. Another tiny gain, but noteworthy, as ending two months in a row in positive territory unheard of thus far in the experiment. If I cashed out today, my $1000 initial investment would return about $165, down -83%. Another rare event: I have almost always ended the month setting a record low in terms of value over the life of the experiment. March marks back to back month where this has not the case.

    Implications/Observations:

    Back to back months seeing nearly all cryptos in positive territory is a welcome change for the experiment. Have we indeed bottomed out?

    After a few months of back and forth, Stellar, 2018's champion, stabilized, has reclaimed the lead over Bitcoin.

    The experiment's focus of solely holding the Top Ten continues to be a losing proposition. While the overall market is down -75% from January 2018, the cryptos that began 2018 in the Top Ten are down -83% over the same period of time. At no point in the experiment has this investment strategy worked: the initial 2018 Top Ten continue to under-perform compared to the market overall.

    The 8% difference is slightly down from last month. The widest gap was a 12% difference at one point last year (September 2018).

    I'm also tracking the S&P 500 as part of my experiment to have a comparison point with other popular investments options. After a pretty significant December dip, the stock market continues to rebound. It's up 6% since the beginning of 2018, so that $1k investment I threw into crypto would have yielded +$60.

    Conclusion:

    Both February and March have been solid months for crypto. These updates aren't about technical analysis, but I'm starting to see commentators highlight positive trends. That's encouraging, but I'd personally like to see a few more consecutive positive months before claiming a 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.

    submitted by /u/Joe-M-4
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