Cryptocurrency Daily Discussion - May 12, 2019 (GMT+0) |
- Daily Discussion - May 12, 2019 (GMT+0)
- Magical Crypto Conference Day 1 - Lightning Network & Bitcoin Without Internet
- Broke that 7k, and moving up fast !
- More Bitcoins were traded today than any other day in history.
- 99% of you won't hold through the entirety of the next bull run
- Ouch, $28 mil of shorts just got squeezed into liquidation
- Percentage of Supply Controlled by Top 10 Addresses:
- Are we ready ?
- Opacity IS Making a Comeback.
- Binance sell 900btc walls eaten alive, yet no deposit possible.
- The next logical step.
- This video again guys! Congratulations to my hodlers��
- Blockchain-business integration project Unibright holds webinar for Institute for Supply Management! (50,000+ members)
- You might be surprised at how difficult it is to get your crypto profits into your bank account. There are some crypto friendly banks out there that can make the cashout process much more simple.
- Why did I listen to Peter Schift
- One of the arguments against stablecoins becoming stable is because they derive value from fiat currencies. Just imagine if a stablecoin was pegged against the British Pound, it could experience volatility as the Pound and be affected by political factors.
- How likely is it that this pump is being caused by Bitfinex liquidating their tether into BTC? How do you see this playing out and is this a valid assesment of whats going on here?
- This is huge! HTC to release smartphone built to run bitcoin full node
- $40 Million Worth of Bitcoin Stolen from Binance Now Traced Using OriginTrail
- Crypto's insane pump continues; Fidelity will not abandon XRP or BTC; Next HTC smartphone to run full Bitcoin node; Bitcoin stolen funds traced with OriginTrail; Decryptionary helps you understand crypto terms; Latest news about BTC, XRP, ETH, Cardano and more.
- How should stolen crypto be treated?
- Bitcoin has soared 60% this year. Meet the new buy-and-hold investment
- Please don't hate me
- $400,000 Bitcoin (BTC) price predicted by prominent hedge fund manager | Crypto Insider
- crypto regulation is coming, here is most up to date FINCEN guidelines
| Daily Discussion - May 12, 2019 (GMT+0) Posted: 11 May 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:
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| Magical Crypto Conference Day 1 - Lightning Network & Bitcoin Without Internet Posted: 11 May 2019 09:58 AM PDT
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| Broke that 7k, and moving up fast ! Posted: 11 May 2019 03:23 PM PDT
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| More Bitcoins were traded today than any other day in history. Posted: 11 May 2019 06:00 PM PDT $29 Billion in Btc volume was traded today. Previous high of $25.5 billion was set on Jan 8 2018. Technically more Btc could have been moved as prices have historically been lower. But today was record volume. [link] [comments]  | ||
| 99% of you won't hold through the entirety of the next bull run Posted: 11 May 2019 05:09 AM PDT You think you'll hodl, you say you'll hodl, but you won't. Here's the thing, I don't know shit, and you don't know shit. So, now that we are both level headed, you and I both agree we are shitbrains that don't know what will happen in the market, let's talk about psychology. When BTC 2x, 3x or 5x, your little peepee will get tingly. The memes will be flowing, you'll be big dick swinging in your 1 bedroom basement apartment in the "up and coming" side of town as you check your crypto portfolio multiple times in the middle of the night while people you used to hang out with are out having a good time playing fortnite or whatever the fuck kids are playing these days. Despite the fact you've already said that you're "in this for the long haul," you're still checking your portfolio like an instagramer stalks people on their timeline. Why the fuck are you checking prices every 15 minutes still if you're a long term hodler? The passed10k.gif will come back out of retirement eventually, and you'll be picking colors for your lambo all from your $100 investment into bitshitnect coin. Then, it will happen. Nobody knows when, but all it takes is a sudden gush of short term traders to sell and wreck your hard hodl'd gains. You will rush to your favorite shitposting site and blast to the world, "I was just up 3x, now BTC is down 50% in the last week! What's going on? It's that damn whale again, isn't it!?" A few people will tell you to keep hodling, "This is just the beginning," they say. But you're smarter than that. You just held through a 3x gain, then lost 50% of those gains. You'll soon get your confirmation bias from a couple dipshit redditors, "Derp, 3x gains ain't nothing to sneeze at. Herp, you should have sold then rebought during this correction and you'd have doubled your stack, hurrrr." You'll think, "Wow, your hindsight is absolutely right. Next time it happens, I'll be prepared and I will predict the market with 100% accuracy. I'll say I'm a long term hodler, but I'll keep checking the prices 20 times a day hoping to perfectly time the top and bottom. I'm a very stable genius." Then, BTC will have a small bounce up of 15% the next week. You'll find someone that you agree with on Trading View that tells everyone, "It's going to go retest the shit support at shit level fibonichi 0.69. The pullout method is upon us, there is a 420% chance I'm right, and .007 chance I'm wrong. I'm not your financial adviser, I'm just a guy shilling my ideas hoping I get enough support to influence the market. No collusion!" You'll sell, the market will bounce back up another 20%, you'll fomo, the market will tank another 50%. You'll sell at another loss, it will drop another 10% and you'll run to reddit, "I knew it was going to drop, so I sold! I just made 10% more by selling"...but you didn't actually buy yet because you think it's going to drop a little bit further. You won't tell people you also just got wrecked your previous 4 times doing this and you're down more than 70% during a bull run because you kept trying to time the market. Of those that are reading this now, my guess is, at best, only 1 out of every 100 people will actually DCA or just hodl through the next bull run. There are going to be multiple, and I'm talking many month long shakeouts along the way to wherever BTC is going. I don't think 99% of people have the patience and the will to hodl through the gains and the massive selloffs. You're here now, you've been through a bear market. But, seeing gains is a much different beast. I suspect that once you deal with the 3rd or 4th major shakeout after 3x, 5x, 6x gains, I'm talking truly massive 50-75% selloffs in a few days, that you won't be able to stomach it for long. Some have $10,000-$50,000 invested down here. Imagine in a year that you have 2x, 3x, or 5x that. Then, you lose 70% of your gains in a week. This is a real possibility, multiple times. Whether you have $100, $1000, or $50,000 invested down here during the bear market, you need to prepare for that feeling of getting absolutely wrecked in a week. Some among us are going to have their $20,000 turn into $80,000 or $100,000, then drop to $30,000 or $25,000 in the next 12-18 months. Imagine this happening multiple times, this 3-6x then losing 70% of those gains, multiple times in a relatively short period of time. Imagine months long consolidation after a sell off, then another shakeout after you were just wishing you would have sold. It's nice to look at a chart in hindsight and say, "Zoom out," but going through it is a lot more difficult than just looking at the past history from a chart. You'll be able to hodl through 1 or 2 selloffs, but at some point you're going to be having a stressful week or a stressful month in the next few years. it's going to coincide with a massive selloff and you're going to be sitting there thinking, "shit, I would have been better off just selling last time. This shit is too stressful." For the record, there is nothing wrong with selling at a 2x, 3x, or 5x or whatever you choose, but I remain extremely skeptical that people will actually hodl all the way to the top or near the top of the next bull market, let alone being able to predict when and where that is. Even fewer among us will DCA all the way through and sell at whatever the next top will be. This is a cruel game, and you won't make it unscathed. Most will fail because of a lack of planning. Prove me wrong, fellow hodlers and DCAers. Prove me fucking wrong. TL;DR: Comment based on the title, otherwise read the shit. Edit 1: some people seem to think I'm saying the bull market has started. I never once said that. My only claim as that when the next bull run happens, 99% of people will not be able to stomach the ebbs and flow of a tumultuous market. Don't put words in my mouth, fool. Edit 2: For the record, I think the top of the next bull market will be $180,000 to $225,000. I have no idea what happens in between now and then. I'd expect it to be around August 2021 and January 2022 though. In a few years. I'll only have about 50% of my stack by that point because I have certain intervals I'm selling because I know I could be wrong. I'll be DCAing all the way through, and I'll see you all in crypto hell regardless, you filthy casuals. [link] [comments]  | ||
| Ouch, $28 mil of shorts just got squeezed into liquidation Posted: 11 May 2019 03:50 PM PDT
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| Percentage of Supply Controlled by Top 10 Addresses: Posted: 11 May 2019 03:29 PM PDT
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| Posted: 11 May 2019 07:46 PM PDT
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| Posted: 11 May 2019 08:15 PM PDT I have been overly present in Telegram over the past 6 months and I will say, the progress they are making is extremely impressive. If the new CEO, Jason, can't show his dedication to leading projects through to completion with his Linkedin profile and your mind isn't swayed with the team's Github commits, then you probably already have a negative view of the project that won't be changing anytime soon, which is absolutely respectable. They have been through the forging fires and at first, I thought the project was dead in the water. Many of you may think "oh okay anonymous storage, so what?" but I have a bundle of reasons for why this is game changing and should be important to all of us. Our data and privacy is being sold to the highest bidder, everywhere that we turn. Google, Face Book, Instagram and all the other companies providing us a "free" product are gaining more from our information than we are from having the privilege to continue using their services. We are the product, the services and platforms are the farms. With this said, not all of us approve of that, and soon more people will come around to see that in an age where technology and the internet rule supreme, we need to maintain our privacy, data security and our anonymity. First off, a successful cryptocurrency should at least have the following, 1) It should be an answer to a real problem. 2) The token should be necessary for the product to function. 3) The token should, in most part, provide a service or utility except in select cases. (Bitcoin Nano, etc.) 4) If it is a utility token, then it should have a true value. You shouldn't really have to speculate on the utility of a token if it is meeting these criteria. Opacity is the answer to data breaches. According to breach level index, 73 data assets are lost or stolen every second. Hackers gets better, companies get lazier, and this problem will continue. Opacity allows a user to store data with no personal information tied to them whatsoever. Zero-knowledge storage is important for the reason I make clear in these two scenarios. Scenario 1) Imagine that a large group of criminals were told that a specific person will be taking an international vacation for 2 months, leaving their entire residence and expensive possessions unattended. They all know the individuals home address and are familiar with the area. Given these circumstances, those criminals can focus on compromising the locks or finding another method of entry into the home. They can afford to risk time and resources, already knowing that they will eventually reap the rewards of their combined efforts. This is what happens when data is associated with a public entity. If the information is worth getting to, somebody will find a way in. Scenario 2) The same group of criminals is notified that somebody in the world will be taking a vacation for 2 months. At this point, the burglars have a few options. They could either attempt to spread their efforts over the billions of people whose homes might be unattended, hoping to find the empty residence, or they can focus their activity elsewhere. For argument's sake, let's imagine they go door to door, and by some miracle, find the home of the "vacationer." With adequate security, the criminals are surprised to see that not only is the entire property steel enforced, triple dead bolted and the windows are barred shut, but the homeowner was never even on a vacation. In scenario 1, Google, Facebook, Credit Karma, Yahoo, Experian etc. are the targets. Actors are aware that the information behind their security is valuable. They already know this and can target these entities until they are successful. When utilizing Opacity, you remain anonymous and your storage (while already secured with instant 256 bit encryption) cannot be associated with anyone, anywhere at any time. The token has value to the network because by using a token, Opacity does not need names, phone numbers, email addresses or credit card information to provide you the storage service. You choose the option that best fits you in acquiring the OPQ, whether that's through an exchange or some other way. If you are still reading, thank you for the attention and I've only got a bit left. As far as UI, it is being developed with the average user in mind. Not the average crypto user, but simple enough that anybody can use it. You are given an Opacity handle for your account, and a pin to access your data. Their will be an easy way to share links with others for specific files that you are granting them access to. You are able to take control of your own data security and actually share the information you want to with select parties. I am not trying to convince you guys to hoard Opacity because the price is "definitely going up" as I don't know that and am not going to guarantee that it will. However, beta testing is launching by the end of the month and full release shortly after. Throw 5 dollars in when the product is released and try it out. For the skeptics, keep your eye on their and also, find a way to secure your data so we aren't all just dollar signs to large corporate. Links [link] [comments]  | ||
| Binance sell 900btc walls eaten alive, yet no deposit possible. Posted: 12 May 2019 01:07 AM PDT I saw a sell wall of 900 btc eaten alive on binance about 10 hours ago and after that btc broke through 7k. The volume on binance is high and a lot of trading is going on. Yet, there are no deposits possible so where is this money coming from? Half of the alts are red against btc but against the dollar they are quite stable. Isn't this a bit suspicious or do you really think this is sideline money coming in? But in this case some people kept millions of tether or other fake usd on binance which sounds stupid and unsafe to me... [link] [comments]  | ||
| Posted: 11 May 2019 05:50 AM PDT
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| This video again guys! Congratulations to my hodlers�� Posted: 11 May 2019 08:29 AM PDT
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| Posted: 12 May 2019 03:39 AM PDT
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| Posted: 12 May 2019 02:41 AM PDT
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| Why did I listen to Peter Schift Posted: 11 May 2019 04:10 PM PDT
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| Posted: 12 May 2019 01:44 AM PDT
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| Posted: 11 May 2019 09:21 AM PDT This is meant as a genuine question to spur discussion. I feel as if the Tether matter is still not settled and what with everything that has gone down in the past month and now this parabolic run it makes me question everything. Especially since those text messages showed us that they would be hypothetically willing to manipulate markets. I.e. "we cant let btc go under 1k" Per the AG report for those of you who are saying this is some sort on conspiracy. These are facts....
Thoughts on this? Discussion? [link] [comments]  | ||
| This is huge! HTC to release smartphone built to run bitcoin full node Posted: 12 May 2019 02:49 AM PDT
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| $40 Million Worth of Bitcoin Stolen from Binance Now Traced Using OriginTrail Posted: 11 May 2019 06:57 PM PDT
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| Posted: 11 May 2019 11:04 PM PDT | ||
| How should stolen crypto be treated? Posted: 11 May 2019 07:15 PM PDT Lets look at the recent Binance hack, in which 7000 BTC was stolen (now worth $50m USD). Say I have 40m USD worth of XMR. Would it be okay for me to trade all my XMR for all the hackers BTC? Assuming the hacker would be okay with this, since he may struggle to sell it elsewhere. Would I get in trouble for buying 'stolen goods'? Would that BTC then be 'clean'? Or is 'hacked BTC' tainted forever? I don't really think BTC can be 'tainted'. 1 BTC = 1 BTC. How's this all work? [link] [comments]  | ||
| Bitcoin has soared 60% this year. Meet the new buy-and-hold investment Posted: 11 May 2019 11:15 AM PDT
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| Posted: 11 May 2019 06:32 AM PDT
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| $400,000 Bitcoin (BTC) price predicted by prominent hedge fund manager | Crypto Insider Posted: 11 May 2019 10:11 AM PDT
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| crypto regulation is coming, here is most up to date FINCEN guidelines Posted: 11 May 2019 02:55 PM PDT
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