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    Cryptocurrency Daily Discussion - April 4, 2019 (GMT+0)

    April 04, 2019

    Cryptocurrency Daily Discussion - April 4, 2019 (GMT+0)

    Daily Discussion - April 4, 2019 (GMT+0)

    Posted: 03 Apr 2019 05:12 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 The prior exemption for karma and age requirements is no longer in effect.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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    When you where on vaccation for some days on a far away island and now come back and check how your cryptos have done

    Posted: 04 Apr 2019 01:03 AM PDT

    Cardano has a marketcap of $2.5 billion and 8th biggest cryptocurrency without a fully functional blockchain

    Posted: 03 Apr 2019 10:28 AM PDT

    Is it me or is something wrong here? It's a blockchain with a wallet nothing more. There is no staking, no other features other than only transfering funds, apart from that you can't do anything. Is it the 40 papers of research that make it the 8th biggest crypto? Please tell me what makes cardano worth 2.5 billion dollars. It had ico 4 years ago, it might be low key a scamcoin.

    submitted by /u/Timetraveler62540000
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    Sunny Lu Official statement: VeChain has not considered acquiring Ambrosus GmbH and is not acquiring any interest in Ambrosus GmbH.

    Posted: 03 Apr 2019 11:17 AM PDT

    SEC Announces “Framework for ‘Investment Contract’ Analysis of Digital Assets”

    Posted: 03 Apr 2019 08:02 AM PDT

    A PSA regarding the current state of the cryptocurrency market

    Posted: 03 Apr 2019 05:41 PM PDT

    I've seen a lot of comments on this sub with optimism for a bull market after the most recent spike, and since the most recent drop, more comments holding emotionally driven investors responsible for said downward movement. Therefore, I figured it would be a good idea to post about the mechanics of a sideways market and what fuels these large, sporadic movements given that this information was well received on a recent post by an emotionally susceptible investor.

     

    These massive movements are not even remotely closed to being initiated by emotion and fickle investors. In fact, these spikes are precisely calculated bullshit by the individuals with enough power to move the market on a whim. For the last couple months, we've been in a sideways market and these large spikes with sudden drops are not random and not the result of the "emotionally inept investors" that I've seen many blame for the lack of the sustained growth. While these emotional investors may help accelerate and catalyze a pump or a drop with their trading decisions, they are not why we are moving in the manner we are currently. We are in a sideways moving market cycle, and this up and down sporadic movement will continue for the months to come. This movement is not driven by those fueled by emotion. Rather it is driven by the prospect for big trades with relatively large gains by and for the whales when the market is at its most vulnerable. Traders and big players are going to and are already having a field day in this period with massive gains. If you want to be on the right side and ride the waves the whales generate, sell your BTC/ETH on these 20-30% spikes with 7-8% stop losses and buy back when they inevitably return to the floor.

     

    People say history doesn't repeat itself, but don't be surprised when it starts to rhyme. This sideways market will last for some time and the bulls won't be back any time soon. The market will continue to echo and BTC/ETH will pump really hard, slowly return to the floor (most likely slightly higher than the previous floor but with enough of a spread to generate large profitable trades), stagnate at a specific support level, and then repeat. This is a traders market rather than a holders market that we have going on right now, and currently big players and traders have no incentive for a bull run. It is simply put much more profitable for these players to simply swing the market 20-30% up and then back down again for compounded gains when selling and buying back than to start a bull run that makes executing any trade far too risky.

     

    If you've got your hopes up for a bull market in the near future, I would advise you to temper them. Trading windows are what big players are looking for in this current market. Whales can generate millions of dollars of profit from 3-4% swings. When they can manipulate a market into a pump as large as 20-30%, you can guarantee that they will be the ones to drop the market right back down for a profit most of us would never be able to conjure in our entire lives. They will continuously pump and crash the market until it is clear that the market is no longer weak enough to be manipulated by their level of influence . Only then will we start to see movement even slightly similar to that of the massive 2017 run. We are nowhere near that level of strength in the current market, so don't hold your breath for a bull run any time soon. Just because we may be exiting the bear market does not in any way mean we will instantly enter a bull market. Now comes the sideways market that will bore most holders to death, but will give most seasoned traders the boner of a lifetime.

    submitted by /u/thebindi
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    I tried testing Nanotwit.ch today for Nano. It was much faster and quicker than anticipated.

    Posted: 04 Apr 2019 03:53 AM PDT

    Why Bitcoin Cash? Don't we know it's scammy?

    Posted: 03 Apr 2019 08:51 AM PDT

    I thought it was pretty well established across the internet that Bitcoin Cash was a major scam. I'm not trying to fud or throw shade, I'm genuinely asking if people believe in the project. It is up 40% over 24 hours and frankly I'm very surprised. Tell me your opinions

    Edit: Jesus, I get it guys. My word choice was shitty. I rephrase to avoid triggering all of you hyper-sensitive crypto-savants:

    "Let us commence a discussion about the positives of BCH, so that I, a mere pleb, can learn from you, the wisest of all on this Earth, a different perspective than the one I previously attained (a perspective of which we shall not speak)"

    submitted by /u/TheRedBaron11
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    This morning's BBC World Radio's Business Daily dedicated a whole episode to crypto, including a great interview with a Redditor.

    Posted: 04 Apr 2019 02:01 AM PDT

    Bitcoin Is Catching On Fast Outside of U.S., BitPay's Singh Says

    Posted: 03 Apr 2019 11:27 PM PDT

    The State of the FLO — Q1 Report

    Posted: 04 Apr 2019 02:28 AM PDT

    Newcomers: beware the MLM scams!

    Posted: 03 Apr 2019 10:35 PM PDT

    With the market going up, I'm sure a lot of you are jumping in now. I would just like to give a quick word of warning. One prevalent scam is an MLM. These are easily recognizable because they always offer a steady daily payout.

    They'll usually say "We will pay out 2% daily if you put in X amount of dollaroos" This is never, and has never been true. The websites always go down before you can withdraw. If you just consider that if you'd put in 100 dollars today, you'd have $137,714.74 a year later. Anybody who found the magic formula to consistently get 2% daily, wouldn't be sharing it, or at least not for free.

    If you'd like an example this here is a pretty good one https://bankroll.network/

    They promise a daily payout of 3.33%, which would result in you having $15,580,839.59 in one years time if you put in 100 dollars. Again, this is of course utter nonsense. The website will shut down before you can withdraw.

    Usually the first week, you'll be able to withdraw, then something technical will supposedly go wrong and they promise you'll be able to withdraw soon, then it goes down.

    Another one that's been going around is https://www.doubly.io/

    This site promises that an "AI trading bot" will manage your funds and of course, promise a daily profit. Again, don't fall for this, it's a scam. Interestingly this scam is presented here on reddit in the form of, "you can scam the scammer!" What the posts claim is, just withdraw before they go under, which of course won't work.

    You'll see people shilling these kind of MLM scams all over the place, because they usually work with an incentive plan where people get paid to bring new people in.

    So be smart out there and remember, if it seems to good to be true, it probably is.

    If anybody else has words of wisdom for newcomers, post them below!

    submitted by /u/DygonZ
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    Bitpanda received the european payment service provider license (PSD2) - and wants to become Austria's first "unicorn"

    Posted: 04 Apr 2019 02:50 AM PDT

    This two day rally really makes me feel good

    Posted: 03 Apr 2019 05:43 PM PDT

    I've gotta say, even though most of us are still heavily underwater overall, it still really does feel nice to have two big positive days in a row.

    Who knows what will happen from here in the short term, but I'm happy to enjoy it while we're here.

    submitted by /u/shadowmoonguy
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    Facebook Exposes More Than 500 Million Personal Records to the Public Internet. 146 Gigabytes data storage of users’ activity, account names and IDs.

    Posted: 04 Apr 2019 02:45 AM PDT

    Cryptocurrency trade volume hits new all-time high

    Posted: 03 Apr 2019 08:21 AM PDT

    When you've just opened a huge leveraged long on Bitcoin and the price falls 5%

    Posted: 04 Apr 2019 01:44 AM PDT

    Don't Fall to Outside Pressure

    Posted: 03 Apr 2019 11:00 AM PDT

    Not sure how many of you felt this pressure, but as crypto went into the bear market. Everyone was losing money, hope, and their dreams. Throughout this period my family and everyone was saying to sell and just abandon the crypto market. I decided against it, to buy at lows and hold through. Well, as of today, I have finally come back to even. Alot of people in crypto seem to forget that you do not lose money until you sell your investment. Sure, it was stressful, but holding and turning to smarter buy prices helped negate my bear market losses (from buying at ath).

    ​

    Not saying crypto will make everyone money, but people often lose sight in this sub and cant see past some initial losses.

    submitted by /u/ScarletTarget
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    According to CMC crypto market had wqs traded with most volume in 2018 January 4th (64B). These days it spiked up to a 82B. What is going on?

    Posted: 04 Apr 2019 02:22 AM PDT

    The XBY scam continues. Creating a new token to suck money out of fools.

    Posted: 03 Apr 2019 01:27 PM PDT

    The Founders have decided upon a governance model that can result in 100% of the shares of XTRABYTES Intellectual Properties Inc. (XIP Inc.) being distributed to interested community members.

    This will be done in 4 stages over a total period of approximately 5.5 years:

    Stage 1 will involve tokenizing the XIP Inc. shares with the creation of the XIP token which will initially be tradeable on the Waves platform. In total there will be 1 million real shares and 1 million tokens (replicas of the real shares for trading).

    Stage 2 will consist of giving ( for free ) 11% of the XIP tokens to the existing STATIC owners at a rate of 300 XIP each. These tokens ( and eventually the real shares ) will be attached to their STATIC node via smart contract. If this contract is broken in any way, including breaking the STATIC node, the real shares are immediately returned to XTRABYTES Intellectual Properties Inc. and the token shares are automatically returned to the main supply for redistribution.

    submitted by /u/RuneKlan
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    Keep Calm and Carry On! - Update from Ambrosus' Angel Versetti

    Posted: 03 Apr 2019 02:00 PM PDT

    I have just received the following from the Rehabilitation Trustee of MtGox. Is this legit or a scam? I really do not remember how much money I had on MtGox, but I think that I moved nearly everything out of it before the problems arose.

    Posted: 04 Apr 2019 04:05 AM PDT

    Many developer teams are struggling to scale their DApps efficiently at an affordable cost which causing ideas to stuck in whitepapers and landing pages.

    Posted: 04 Apr 2019 03:44 AM PDT

    Binance Singapore, next Fiat to Crypto exchange servicing $SGD

    Posted: 03 Apr 2019 09:06 PM PDT

    Why do people listen to TA when 95% of wallstreet's best traders can't beat the market in the long term?

    Posted: 03 Apr 2019 06:41 AM PDT

    Bull or Bear

    Posted: 03 Apr 2019 06:41 PM PDT

    So BTC has rallied pretty strong and now is in an area with no real resistance and no real support unless you go all the way back to 2017 and that is only marked with one single high point. This is where the market decides on direction. Not debating which way. Just saying the market is about to truly establish direction NOW. Mostly clean air to 6000. It sure as hell needs to get there with little to no effort if we are shifting to a bull market.

    submitted by /u/gotanitche
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