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    Cryptocurrency Daily Discussion - April 8, 2019 (GMT+0)

    April 08, 2019

    Cryptocurrency Daily Discussion - April 8, 2019 (GMT+0)

    Daily Discussion - April 8, 2019 (GMT+0)

    Posted: 07 Apr 2019 05:18 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 The prior exemption for karma and age requirements is no longer in effect.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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    Anon predicts Bitcoin price

    Posted: 07 Apr 2019 04:25 PM PDT

    Minute marker 4:48 of Into the Spiderverse. This is the 2nd time I have noticed Bitcoin in the bottom ticker of the news in the movie.

    Posted: 07 Apr 2019 05:56 PM PDT

    I've been in since May 2017, lessons learned, and some real talk.

    Posted: 07 Apr 2019 12:29 PM PDT

    I've only been in the crypto game since mid 2017. I remember back then when I was assessing the market, BTC was below $1k a few months earlier, LTC was around $4 that January and by the time I finally got in BTC had more than doubled to around $2,500 and LTC was $30. I thought ETH and XRP (and everything else) were just shitcoins because I didn't know shit and I just listened to the herd (Back then the argument was "Bitcoin is digital gold and LTC is digital silver and everything else is a scam.") Now, I'm pretty invested in several coins, because this market is anything but rational.

    Screw off if you think otherwise. Try to think logically in this market, and you're going to get smacked in the face.

    After exchanging my first fiat for crypto, in the next couple of months the market "crashed" and I was fearful. By crashed, I mean BTC went from $2,800 to $1,800. I just decided to let my cryptos ride. I pretended that money was gone, but I'd check prices every day for whatever damn reason.

    I wasn't even putting that much in. Hell, I would spend more eating out and going to the bars every weekend with friends or work colleagues than I was dropping into BTC. It was pretty common that I'd drop $100 a night on sushi, beers, and Sake Bombs. But, when money you could get back loses value, it makes you feel dumb for putting money in. Logic is out the window when I can't get that $100 back from my sushi and drink purchases, but my crypto dropped 30% that week, so I was dumb for investing in crypto but not for my $500+ per month on eating out and drinking with friends.

    Several weeks later, I was back to even on my crypto investments. Well shit, that was fast. Then I was suddenly up 25%. "Fuck it, I'm just putting money in. I'm not missing out."

    By the the winter of 2017, I was up over 10x with my crypto speculation. My initial LTC went from $30 to over $350; my BTC went from $2,500 to $20,000. I also just threw $300-$1,000 here and there on random sub-200 market cap coins only to see them 6x in a few weeks.

    I remember thinking how stupid I was for not buying during that dip down to $1,800, but how good of an investor I was because my gains. What a fucking dope I was.

    I was sitting there looking at my account on December 10th, 2017. I was about to sell because I could have paid off my car and 50% of my student loans. I wasn't even using my car because I was in another country traveling.

    "Nah, I can't sell. This is just the beginning; let's wait until I can pay off all my student loans" my delusional self said.

    I never cashed out. I remember sitting there with a dude who had his GDAX account open after BTC "crashed" from $20k to $13k two weeks later. We just got back from surfing.

    He was still sitting at $250,000 in his account and was nervous as shit. "What should I do?" he asked rhetorically. Then immediately answered himself, "It will rebound," he said, "it always does." This guy had been through the MTGOX hack and gave me plenty of advice while we surfed.

    And I listened as if he was prophetic.

    What a fucking dope I was.

    When hopium is in the air, we all get irrational.

    I still wonder about that guy and his cryptos. He went north back home for the Christmas holiday, while I headed south for more traveling, and I've never seen him again.

    February 2018 was both euphoric and scary as shit. "Holy shit! BTC is under $10k I never thought it would be down here again. But it could keep dropping. But it was just $20k a month ago."

    I was skeptical that it wouldn't keep dropping so I waited. Then, I didn't want to miss out. BTC was making a run from $6,500 up to testing $10k. "If it breaks $10k, I'm getting back in."

    A short time later, it did break $10k, only to be hit a wall at $12k, then again...then, the inevitable crash to $6,200 happened where it fluctuated in August - November of 2018 up until, what, November 10th-ish when BCH shitfork shat out and then BTC-Shit-Vision and BTC-LMNOP started paying miners to mine their forked fork of BTC and everyone shat themselves as the market tanked yet again.

    That was it for me. That was the day I stopped caring. I remember thinking how stupid I was to invest so much time in this.

    You can't predict this shit.

    I didn't regret investing in crypto, I regret all the time spent looking at my portfolio, trying to time the market, pretending I was some guru in my head because I threw $300 at POE when it was less than a penny and weeks later it was selling for $0.21 and could buy another trip to whatever country I wanted.

    Sure, you can use TA to see what support or resistance is there, but it's still a 50-50 chance whether Fake Satoshi is going to spoof trade or some rando is going to drop three 7,000 BTC market buys to break through resistance.

    So, what did I learn through this whole experience?

    Other than what I've already stated (You have no way to predict whether it's breaking through resistance or crashing through support).

    I just remember the main thing that has persisted this last two years. "I wish I could go back in time to when BTC was around $3,000 and LTC was $30."

    When BTC dropped below, $4k that was heaven. I never thought it would get back to when I was buying when I first got into the market in 2017.

    So, I bought, and I bought hard.

    This time around, I have strong buy strategies and sell strategies.

    They are set; no question.

    For me, I'm not selling until two weeks before the LTC halving in August.

    Even then, I'm only selling my LTC for BTC. Then I'll sell 25% of my BTC for fiat 2 weeks before the BTC halving in 2020.

    I will never have less than my preferred number of BTC's, ETH's, LTC's and a few others.

    Don't follow my advice here, I'm just saying I know what I want and what my strategy is.

    You need to have a strategy to buy and strategy to sell. Be reasonable. I previously had a "strategy." It was once I could pay off my student loans with all of my crypto gains minus taxes, I would sell. Yeah, well, looking back if I would have just sold when could pay off my car and 50% of my student loans, I would have been able to invest even more when BTC was down in $3,xxx range and LTC was $22-$35, etc from December 2018 through March 2019.

    DCAing is the way to go. No question. You don't need to do TA, you don't need to check your portfolio, you don't need to do shit but either 1) setup an automatic buy order with your exchange or 2) login and buy whatever you want.

    You have your buy strategy (DCA at x interval) and you have your sell strategy.

    Figure it out. Don't pretend you're gonna time the market. Don't pretend you're some guru.

    Those people, like me, learn the hard way.

    No TA, no waiting for google searches of BTC to increase, no waiting for BAKKT, no waiting for Faktoshi to shut the fuck up.

    Before November 2018, I would only throw money when BTC was on a run. "Oh, we're finally on the way up. It's time to buy!" Like when it went from $2,800 up to $6,200 in the summer 2017, then from $10k to $20k in late 2017. Or when it went from $6,200 back up to $10,000 then to $11,900 in February of 2018.

    I would think I could time the market. What a pathetic loser, right?

    Some people grow up in this market like the cable version of themselves only to transition to the directv version. Listen to us dopes that have been there and done that.

    Learn from our mistakes, but also don't think that we have all the damn answers.

    Anyone that comes in here acting like the 2nd coming of Craig Wright's dumpster twin, you can be rest assured they are as delusional as Justin Sun. The problem is, even if they are delusional, this market is anything but rational, so they might just be proven right enough for you to think you should follow their advice.

    This shit is crazy. Stop acting like you've got it figured out.

    Nobody does, but it feels good to have confidence in this random speculation, right?

    I'm here to tell you this. My life has drastically improved since November 2018 when I started viewing Crypto investments like a bill. Every two weeks, I would send money from my paycheck to my exchange. Then, I'd buy a certain amount every single week after it had cleared.

    That money, is all but "gone." It was a "bill" I paid.

    When the market is going down, I send more fiat and I buy more crypto. When it is rising, I still buy, but not as much; I pull back. You may say I'm trying to catch a falling knife. I just learned that the way I was investing before was bad practice. I'd rather people think I'm trying to catch a falling knife than to feel that FOMO and only buy when the market is up.

    Right now for example, I'm not buying this week. Not because I think I know what hell is going to happen, but because it's my strategy to not chase a run, and to spend more when it drops.

    I'll wait until next weekend and see what the market is doing.

    What happens in between now and next weekend, I don't give a shit.

    Could I miss out on another run? Sure, but I don't give a shit. Maybe it's because I'm 2 years in and I've seen this shit before, or maybe it's because I've been buying BTC when it was around $3,000 both in 2017 and just about a month ago, so I feel fortunate to have gotten another chance at BTC at $3,xxx.

    I also learned my lesson that fakeouts happen. I've been burned enough to not give a shit about being BTC going from $3500 to $5,200 in the last, what, 5 weeks?

    Been here, done it, don't give a shit.

    I don't know if this helps anyone, but seeing the last two years of this shit, I don't care about some random 30% pump. I also don't care that BCH is up 86%, or ADA is up whatever it is. I'm not into them, but if you made gains, I'm happy for you.

    I'm serious too.

    Maybe you're new to this game, or maybe you've only been in since $20k. If so, you're still here, and there are plenty others like you. I'm not a BTC maximalist, I don't think LTC is the truth, I don't think only ETH is the dApp platform.

    I don't know shit. I'm just some speculator that is speculating on some of this sit.

    There are also plenty of people that were like me in 2017 that are waiting in the wings, only to buy when the market is on the rise. There are plenty more that buy when it's rising then set stop losses that whales will fish for only to wreck the market in a day then to see a bounce back even stronger while those people FOMO back in.

    Also, the turd version of satoshi could start shitting in public this week and the media could write about how Satoshi is literally shitting on a physical Bitcoin as we speak and some shitcoin creator then posts a Twitter video that goes viral about how the hashrate and energy consumption of the satoshi shit-pile is not sustainable and then some whale market sells down to below the new TA shit-support level of $4,400 and then all the dopes with stop losses in that range get shit fucked only to see a spoof limit order set at $4,400 of 10,000 BTC and everyone's dick shrinks into their stomach as they hurry to Tether as BTC drops back down to $3,500 before whale #2 shit fucks your emotions with a $1,500 green dildo in a 15 minute span sees the "sell wall" disappear which starts the next FOMO run on up to $6,200 a few weeks later while TAers say "We broke out on great volume" then other TAers agree and the self-fulling prophecy starts another run only to get hit with more whale fuckers.

    You can't predict this shit. Give it up.

    Market goes up, market goes down, can't explain that.

    With the LTC halving in August, the BTC halving in May 2020, I think we are about to get into the 2017 euphoria again though. We are getting closeTM to the point you could just thrown money at any coin and get 10x your investment.

    What does "close" mean? I have no idea. Eff anyone that thinks they know. Someone could predict it is this week, next month, or after this current fakeout bull run, or in December, or next Spring, and someone will be right.

    The only advice I have is to do your best to not get emotional about your money or crypto. It's going to do the exact opposite of what you think it will. Even when you try to do the opposite, crypto will shit-fuck you in your sleep.

    If you believe that the sentiment is changing, and let's be real, we are in speculation phase and this is all based on hopium and belief, then DCA at certain intervals.

    This isn't some cult. It's all based on sentiment. If you think people are starting to get interested, then that is a sign speculation is about to be in our favor.

    If you are putting money in that needs to be rent money, do yourself a favor and just walk into a casino and put it all on red. If you win, then put your winnings in crypto. If you lose, I saved you the anguish of checking your portfolio every hour only wish you would have done the opposite of what you did.

    You're welcome...

    Or, do the opposite. Check the market every hour for the next 12 months only to look back and realize that you kept buying on the way up, got scared and sold on the way down, and then FUD yourself in your sleep because of your stop loss sells were triggered while whales were fishing for fear.

    So, there are all of my shit thoughts. What are yours?

    What are your strategies?

    There are plenty of people that have been in longer than me, what are your strategies?

    Are we heading for a the next bull run? Is the bottom in? Do we still have a massive, short-lived capitulation event coming?

    Let's chat.

    TL;DR: You can't predict this shit, just DCA, live your life, get a buy strategy, choose a sell point, make this shit as simple as possible. If you try to complicate things by predicting the next run, the next drop, the next consolidation, then you're probably going to be wrong like 99% of people. And don't be that guy that ends up $250,000 in your account in the next bull run only to see it drop down $67,000 literally a week later.

    submitted by /u/KnownCoder
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    Buying Bitcoin is Now Made Extremely Easy for the Australians

    Posted: 07 Apr 2019 09:06 PM PDT

    A Moment of Appreciation for the Entire Crypto Community

    Posted: 07 Apr 2019 12:17 PM PDT

    Today I look past the chaos, rudeness, flippancy, manipulation and occasional nefarious interlopers, and feel gratitude and inspiration towards the entire crypto-space. Most of us, no matter which projects we favor, or how much we get at each others throats like rival siblings, are actively or at least unintentionally contributing in some way to make the world better. We are all working towards an amazing advancement that will improve the human experience. Take a moment to appreciate the crypto community as a whole and be mindful of the seeds we are planting today.

    submitted by /u/bstr156
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    Australian man has claimed he invented Bitcoin, and want to stop misinformation spreading.

    Posted: 07 Apr 2019 03:43 PM PDT

    Bitcoin is #1 Trending on China’s Biggest Search Engine During 2019 Highs

    Posted: 07 Apr 2019 05:09 AM PDT

    Profit taking/exit strategy

    Posted: 07 Apr 2019 08:57 PM PDT

    It's increasingly looking likely that the bottom was tested in December 2018. If the above holds true, we are quite possibly entering a new bullish phase in this market. Those of you who've been around for a while, what's been your profit taking strategy? I hope a discussion around this will also help a lot of newbies in this space who are lost and looking for some advice. So what's your profit taking strategy?

    I'll start with mine: selling 5% of my holdings when the price goes up 5x, repeat and rinse.

    submitted by /u/vg1302
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    Blockchain abuse also very real

    Posted: 08 Apr 2019 01:36 AM PDT

    Every time we've been here in the past, BTC has dumped HARD. Just a word of warning. Be careful.

    Posted: 07 Apr 2019 11:53 AM PDT

    Morpheus Labs – The bridge to adoption?

    Posted: 08 Apr 2019 02:45 AM PDT

    Latest Week in Ethereum News (April 5th)

    Posted: 07 Apr 2019 12:58 PM PDT

    Here we go!

    Posted: 08 Apr 2019 01:09 AM PDT

    Remember the Skycoin kidnapping incident last year? Court documents are now public.

    Posted: 07 Apr 2019 06:30 PM PDT

    There's rumor of this being posted in Telegram by a Skycoin developer. I did a little digging and was surprised to receive this information after inquiring. Thought you guys might be interested since this was a fairly big deal here last summer.

    Original Document: https://www.scribd.com/document/404355870/Skycoin-Kidnapping-Court-Documents-Original-Chinese-Version

    English Translation: https://www.scribd.com/document/404356396/Skycoin-Kidnapping-Court-Documents-Translated-English-Version

    English OCR'd: https://www.scribd.com/document/404360408/Skycoin-Kidnapping-Court-Documents-Translated-English-Version-OCR

    Presented Evidence: https://www.scribd.com/document/404358889/Skycoin-Court-Evidence

    submitted by /u/shadow_ban_score_1
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    PSA Kraken futures are great Bitmex sucks. Do not give money to people who counter trade and liquidate you.

    Posted: 08 Apr 2019 02:00 AM PDT

    Has Ethereum's Constantinople Hardfork Really Worked?

    Posted: 08 Apr 2019 01:56 AM PDT

    Quant Atlas: Open Banking + Blockchain/Distributed Tech + Atlas = Implications for the Future

    Posted: 07 Apr 2019 07:54 PM PDT

    Quant Atlas: Open Banking + Blockchain/Distributed Tech + Atlas = Implications for the Future

    What is Open Banking and Why Does It Matter ?

    "Open banking" is a phrase that has been coined to capture a current theme in financial sector innovation – one that some say is going to revolutionize banking. For years, banks have given their customers increasing access to account information. Now, with open banking, the access is opening to the point where customers can potentially obtain financial services in entirely novel ways, and the customer's expectations of their bank may shift.

    The push to open consumers' financial data goes back decades. In the 1990s and 2000s, financial institutions began giving customers online access to their accounts—and instantaneous access to information previously reserved for monthly statements. Card-based transactions gradually shifted away from signed papers with carbon copy receipts to electronic devices. With rapid access to financial information, debit cards that could immediately draw on bank accounts became more feasible. Meanwhile, third-party vendors, such as Intuit, Microsoft, and Checkfree, were among the providers who encouraged institutions to go even further by making financial data available in a format that could be imported into their software; their work led to the promulgation of the Open Financial Exchange ("OFX") data stream format, among others.

    In the past 10 years, the priorities in data exchange have incorporated the agenda of government proponents. Notably, in 2016, a U.K. regulatory authority required the country's nine largest banks to allow certain registered third-party developers to access certain customer data. In 2018, the European Economic Area began implementing the Second Payment Services Directive ("PSD2"), including its goal to provide financial data through a central register. In the United States, the Consumer Financial Protection Bureau has expressed its view that consumers should have timely, secure, and transparent access to their financial account information and to data sharing opportunities. During this same time, digitization has accelerated to unprecedented levels in all facets of life and commerce, and data privacy risk awareness and regulation has emerged.

    These historical developments led to the openness of today's open banking. At the most basic level, open banking presents banking customers with easier ways to obtain and use their financial data. For example, Mint.com, Quicken, Yodlee, and other third-party vendors provide mediums to aggregate customer information across accounts and in layouts tailored to those customers. In this way, open banking is, at least in part, an emphasis on the customer as the owner of financial data.

    ​

    https://i.redd.it/aoejlghkeyq21.jpg

    Open banking, however, offers more radical potential. In the payment space, open banking is reflected in the ever-increasing automation of financial transactions and the efficiencies and data mining that can be achieved. The connection between interfaces presents an opportunity to facilitate financial transactions outside the traditional credit and debit card networks.

    Open Banking has the power to revolutionize the way we move, manage and make more of our money.

    Applications:

    • Better financial advisory apps for next generation consumers.
    • Removal of payment services for merchants like Paypal to receive funds.
    • Faster and better loan/lending ecosystem, as services will have access to entire banking transaction history rather than only 3months bank statement.
    • Building competitive marketplace for banking services.
    • Plus, many more amazing cool apps which will literally flood banking ecosystem.

    As a technical matter, open banking is largely achieved through application programming interfaces ("APIs"). APIs allow one computer system to communicate with another. Various banks, including Bank of America, Citibank, JPMorgan Chase, and Wells Fargo, already use APIs to facilitate the exchange of data that creates the building blocks for open banking. In Europe, the promulgation of PSD2 is leading to a more centralized register of data. There, financial institutions first interface with the centralized register via APIs, and the register will make aggregated data available via its own API. An open banking platform is one which includes open bank APIs, permitting those outside the traditional banking system—including consumers—to control and leverage bank account and transaction data.

    International consulting giant Price Waterhouse Coopers forecasts the market or open banking could be catering to 8.1m consumers and 2.4m small businesses and worth £2.3bn by the end of 2018. By 2022, the Open Banking sector could quadruple its worth to generate £7.2bn of revenues, the research indicates.

    What does this have to do with Blockchain and Distributed Ledger Technology ?

    Integrating open banking specifications with blockchain protocol, will result in blockchain gaining access to a users bank information and operations. One of the uses is instant cross-border interbank settlement system, without having banks to change their legacy systems to blockchain. Cross-border payments represent a sweet spot for blockchain and Open Banking to deliver even greater efficiencies in International Payments and cash management. Cash management, banking and payments innovations provide an opportunity to build the treasury of tomorrow and over the next two to three years as the blockchain and Open Banking matures, forward-thinking corporates undertaking banking transformations will be able to realize significant cost efficiencies.

    Hybrid Blockchain

    Not all blockchains are alike. Private or permissioned blockchains are slightly different permutations of the public blockchain, with an additional layer of access control. This access control layer provides full control over who can read and/or write to the blockchain, provide consensus and validate blocks. This is important since there are corporate centric advantages to be gained with this variation of the blockchain, notably performance, governance, and cost-effectiveness.

    ​

    https://i.redd.it/3o8txvsleyq21.jpg

    Most blockchain implementations today are not suitable for real world applications and have instead been utilized to illustrate potential applications or prototypes. However, each of these implementations delivers desirable features that could be harnessed. Hybrid blockchain resolves the shortcomings of all private and public blockchains and makes blockchain suitable for real world applications, by combining the availability, transparency and decentralization benefits of public blockchain along with security, privacy and new features of private blockchain. Accenture has already created a redactable blockchain offering which enables blockchain to be edited under special circumstances to resolve human errors, accommodate legal and regulatory requirements, and address other issues, while preserving key privacy and permission issues.

    Hybrid blockchains can be distilled down into two forms, notably, "Ready Services" and "Platforms enabling services". An example of the first form or "Ready Service" is Ripple. An example of the second form or "Platform enabling service" is the SAP Cloud which delivers "Blockchain-as-a-service" (BaaS), allowing clients to rapidly develop their own blockchain permutations and applications without large upfront investments. In the second form, these types of platforms provide a service which is unconstrained and allows for multiple use cases to be imagined by corporates. Example use cases that could be developed using such a platform include:

    • Corporate reconciliation: Reconciliation information transmitted with external transactions and consumed by third parties, permanently stored on the blockchain, could significantly reduce reconciliation time and ultimately enable invoice discounting as well as payment terms negotiation. The automation of reconciliation processes and robotic digitization of the key steps in corporate reconciliation could yield substantial man-day cost savings.
    • Inter- and intra-company accounting: By orchestrating balances and settlements between internal divisions, blockchain and robotics could eliminate the need for manual reconciliations.
    • Procure-to-pay: Purchase order and goods receipt data could be exchanged via blockchain and help identify the nearest and most cost-effective vendor within a permissioned or private network. Reconciliations and vendor/end user enquiries could be minimised or eliminated due to complete transparency and real-time access to the shared database and thus disrupt standard T+30 days settlement deadlines.

    That's all great but how is this going to happen ?

    Quant Network's Overledger is the world's first blockchain operating system harness the power of multiple blockchains by interconnecting the world's networks to unlock business value. Overledger solves interoperability between blockchains, distributed ledger networks and existing legacy systems and networks, enabling enterprises to innovate and build these aforementioned new business models such as hybrid blockchains and next-generation multi-chain applications with just 3 lines of code.

    Quant Atlas

    The mission for Atlas is to create these Cross Border trade windows to make all of this possible by enabling interoperable banking powered by distributed ledger technologies. The Atlas architecture is using Overledger, enabling business interoperability, and network interoperability between Open Banking networks and TPPs (Third Party Providers, i.e. external financial service providers, external applications) and agnostic Distributed Ledgers.

    ​

    https://i.redd.it/z3lv6t5neyq21.png

    By leveraging the power of cross border open banking through Atlas, Quant Network has created a banking platform for core suppliers of data and banking services and regulated third-party providers to innovate new business models such as those I've mentioned and cross border solutions and services for consumers.

    Solutions such as Atlas enable IT-based solutions to challenge outdated financial markets. That's a market worth tens of trillions of dollars. Yes, that's right — trillions. Even tiny fractions at this scale makes up to millions of dollars worth of revenue.

    Quant Network's Atlas Announcement - https://www.quant.network/blog/quant-atlas-interoperable-banking-through-cross-border-open-banking/

    submitted by /u/RichBLACKIII
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    "Decentralized Finance" - Welcome To The World's First Fully-Transparent Bank

    Posted: 07 Apr 2019 06:46 PM PDT

    Investors as SEC begins regulation of ICO’s with MUN token (Dec. 11, 2017; Colorized)

    Posted: 07 Apr 2019 08:51 PM PDT

    Danish 33-year-old sentenced to four years in jail for laundering money with bitcoin

    Posted: 08 Apr 2019 03:36 AM PDT

    Open letter to CoinMarketCap about Mercatox

    Posted: 07 Apr 2019 01:10 PM PDT

    ​

    Dear CoinMaketCap,

    ​

    I have confirmed that Mercatox steals from it's users. Mercatox just stole about 1.3 ETH from me when I attemped to use it to purchase VIKKY token. I didn't find out until after I made the trade that withdrawals for VIKKY were disabled. I opened a support ticket about it and they just tried to string me along without giving a straight answer. You can read that correspondence here:

    https://files.catbox.moe/1wuz8w.png

    I later tried to login to Mercatox but I was locked out. And they've blocked all my attempts at communication since. I even tried to open a second support ticket and it didn't even generate the automatic email to say it was received, so I know they basically blacklisted my email address.

    ​

    I know exchanges usually use cold storage, but for what it's worth, I found the Mercatox address on etherscan and found that it holds about half of the amount of VIKKY listed on open orders on the exchange. Their total holding is only <$800 worth of VIKKY. You can see that here:

    https://etherscan.io/token/0xd2946be786f35c3cc402c29b323647abda799071?a=0xe03c23519e18D64F144d2800E30E81B0065C48B5

    ​

    I also found testimony of countless other victims asserting that they had similar experiences to mine, of being stolen from by Mercatox. You can read some of those in the comments section beneath this review article:

    https://www.forexbrokerz.com/brokers/mercatox-review

    ​

    I've also read that Mercatox is owned by a shell corporation and it's actual ownership is unknown. There is even a rumor that it is run by a drug cartel.

    ​

    1.3 ETH isn't much to lose, but it hurts to actually be stolen from rather than taking a loss in trading. But I would feel better about it if it led me to successfully appeal to you to de-list this criminal exchange off of CoinMarketCap. CoinMarketCap is the preeminent authority on where to go to buy cryptos, and you are doing your millions of users a great disservice and aiding criminal activity by legitimizing this criminal exchange by listing it on your website. No one should be using Mercatox, and no one would if it was not listed on CoinMarketCap.

    ​

    CoinMarketCap is the reason I took a look at Mercatox as a place to buy VIKKY, and the reason I was stolen from.

    ​

    Please do the right thing and de-list Mercatox from CoinMarketCap, so this crime does not happen to anyone else.

    ​

    ​

    UPDATE:

    Within minutes of me posting this here, Mercatox customer support replies to my second ticket telling me to check my all my email folders, then sends me 4 login confirmation emails that should have been sent hours ago. Suspicious timing to say the least.

    ​

    EDIT: Sorry I can't reply to your comments because this is a new account I just created today for this. Thanks to the mods anyway for letting the OP through.

    ​

    REPLIES (because I can't reply to comments):

    Hi u/CMCAdmin, thanks for replying here. At the time I posted this earlier I was completely locked out of my Mercatox account and that was the final proof for me that I'd been scammed. But as I mentioned in the update above, Mercatox has let me back onto the site since then, so I don't have any solid proof now, at least as long as they don't lock me out again. So I guess I'm gonna wait it out for now.

    ​

    submitted by /u/phachoslic
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    Best exchange to sell?

    Posted: 08 Apr 2019 01:25 AM PDT

    As above - what is the best route to convert crypto to fiat and withdraw to personal bank acc?

    UK/GBP or EUR, I have a Revolut acc but would prefer direct withdrawal to bank acc, not Coinbase please! Something quick and relatively cheap!

    submitted by /u/PrawnTyas
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    Coffee Art - Something Big is coming to Opacity.

    Posted: 07 Apr 2019 10:38 AM PDT
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