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    Cryptocurrency Daily Discussion - June 24, 2019 (GMT+0)

    Cryptocurrency Daily Discussion - June 24, 2019 (GMT+0)


    Daily Discussion - June 24, 2019 (GMT+0)

    Posted: 23 Jun 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 The prior exemption for karma and age requirements is no longer in effect.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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    86% of all BSV volume came from 100 transactions yesterday. The network is a total ghost town.

    Posted: 23 Jun 2019 03:31 PM PDT

    ELI9: Introducing Azimuth (previously known as NB-PoW)

    Posted: 24 Jun 2019 12:59 AM PDT

    What would have happened if you had invested into the 12 coins recommended in the August 18, 2018 article: "To the Moon! 7 Crypto Experts Pick Their Top Moonshot Coins"

    Posted: 23 Jun 2019 10:58 PM PDT

    I won't link the article but you can google it (published by investinblockchain.com). Just a bit of fun - lets say we invested $10,000 into each of the 12 coins recommended in this article to see how "expert" the recommendations really were, and compare it to a $120,000 investment in bitcoin on the same date.

    My prices below are comparing August 18, 2018 from yesterday's prices (some have already fallen a lot more). Let's have a look at these gems!

    1) Request Network: -49%

    2) Oyster Pearl: -100% (I think the coin is completely dead)

    3) Kucoin Shares: +25%

    4) Maker: +75%

    5) Lux: -71%

    6) Espers: -34%

    7) Ren: +150% (hats off to this one, credit where credit is due)

    8) Original Trail: -55%

    9) Loom: -18.6%

    10) Neo: -6.2%

    11) TheKey: -50%

    12) Walton Chain: -43%

    All in, based on my calculations your total of $120,000 would have been reduced to $99,860. Now, had you invested in bitcoin over the same period you would have a very nice $201,000 - plus no hassles with dodgy exchanges, low liquidity, wallet hacks etc.

    The purpose of this post is to remind us to be very wary of all the "experts pick their top x coins for huge returns", the bad moonshots will often wipe out your gains from the good moonshots, and that even the best "expert" will struggle, on average, to predict returns in a highly unpredictable market.

    submitted by /u/kiwibitman80
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    Most useless things

    Posted: 23 Jun 2019 07:16 AM PDT

    Is crypto your main hobby?

    Posted: 23 Jun 2019 06:45 PM PDT

    I don't know about you all, but crypto might be my main interest/hobby. Sure I like other things (sports, reading, gaming), but there's nothing I like more than learning more about this space. For me, Bitcoin is what gets me excited (though I do have alts). For many of you, I know it's a different coin.

    How often does crypto invade your mindspace? Not in terms of price and getting rich, but in the potential of making the world a better place and protecting personal freedoms.

    A lot of the stuff I read on this sub annoys me, a lot sometimes. But we are all linked by this interest and hobby that has possibly changed our lives.

    submitted by /u/shadowmoonguy
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    Australian crypto tax shocker - $100,000 bill on $20,000 worth of coins

    Posted: 23 Jun 2019 07:31 PM PDT

    In 2017, I put my life savings into BTC. I now have half of it back. To the moon!

    Posted: 23 Jun 2019 09:28 AM PDT

    Suspicious, malicious, scammy code found in WHEN smart contract

    Posted: 24 Jun 2019 02:16 AM PDT

    Notes on Facebook Libra’s Technical Whitepaper

    Posted: 24 Jun 2019 01:50 AM PDT

    Oracle ($39.83 billion revenue in 2018) presents 'Oracle blockchain and Chainlink' at CloudEXPO

    Posted: 24 Jun 2019 12:18 AM PDT

    If you are new to crypto, do NOT email yourself your Seed / Private keys like this guy did. Short guide to safe storage inside.

    Posted: 23 Jun 2019 06:44 PM PDT

    Yesterday I was the first person to spend Bitcoin at Birks Jewelery!

    Posted: 23 Jun 2019 07:24 AM PDT

    Birk's, Canada's high end jeweler, announced last year that they would be accepting crypto. As I'm not allergic to spending BTC, I'd considered trying it occasionally but spending coins while they were at 5k wasn't appealing. With the current run and my wife's birthday coming, this made for a fun experiment.

    The sales associates were very excited someone was trying it as they told me about the training they received months ago to handle Bitcoin. There was a hiccup as I had to move my coins to a compatible wallet but then the staff all gathered around while I completed the transaction through bitpay. It took 10 minutes for a block to confirm and for me to get my receipt.

    The result!

    submitted by /u/NotYourMothersDildo
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    Sorry r/CC - Electric Forest is already sold out. But, thought you’d appreciate what u/drwillpowers does for the community...

    Posted: 23 Jun 2019 12:34 PM PDT

    EvryThng announced they are upgrading their partnership with OriginTrail and looking forward to larger deployments of supply chain data sharing on the main OriginTrail Decentralized Network (ODN). (Just look at who some of their clients are too.)

    Posted: 23 Jun 2019 05:14 PM PDT

    Ubisoft Taps Ethereum for Blockchain Gaming

    Posted: 24 Jun 2019 02:20 AM PDT

    BTC Dominance: what can we expect for next few months ?

    Posted: 24 Jun 2019 12:58 AM PDT

    Since the beginning of the year, Bitcoin has outperformed other cryptocurrencies by a mile. I was wondering if there was any sign of having a bull runs for the alt-coins like in November 2017. Now I am on the fence between selling my non shitty alt-coin and get more Bitcoin + Ethereum or wait. Here are some arguments:

    1 - I think dominance could go up to 65%, but I also think Bitcoin will fall harder if there is a pull back.

    2 - Going from 6K to 12K for a 100% return seemed possible. Going 12K to 20K for 66% performance seems more difficult to achieve due to the 20K logical barrier.

    BTC dominance sits around 59%. How is this possible considering the dominance in the past year. I thought the dominance would be greater. Could it be before many alt-coins have been added and dilutes the value of them ?

    Essentially, I am trying to understand why alt-coins have not performed very well compare to Bitcoin and what can we expect in few next months.

    submitted by /u/Gamleur84
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    When trying to tell people about crypto, does anyone else get the feeling from them that they'd rather be having a root canal?

    Posted: 23 Jun 2019 08:13 PM PDT

    It is extremely frustrating. I get so excited by this amazing thing that I believe will change the world and other people are just like, "meh, yeah, okay..."

    I'm old enough to remember the early days of the World Wide Web and being completely blown away. The issue back then was that I was only about 12 years old and a kid trying to tell adults about some new amazing technology just doesn't work.

    I'm older now, though, and yet people still could not possibly care less about blockchain tech & crypto.

    Their lack of enthusiasm, or even remote interest at all, sometimes makes me nearly lose faith in what I believe. =\

    submitted by /u/wheelzoffortune
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    No need for it now

    Posted: 24 Jun 2019 03:04 AM PDT

    Mark Zuckerberg Stole Facebook, Now He’s Stealing Bitcoin

    Posted: 24 Jun 2019 02:58 AM PDT

    Erik Voorhees, CEO of Shapeshift: Some people support KYC saying it legitimizes a company.. I disagree.

    Posted: 23 Jun 2019 11:04 AM PDT

    Enterprise Blockchain Computing (EBC) Partners - Dapps Inc., Salesforce, R3 Corda and Google

    Posted: 24 Jun 2019 02:16 AM PDT

    submitted by /u/QuantLink
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    British tax payers may have to pay to keep the fiat cash distribution network alive.

    Posted: 24 Jun 2019 04:04 AM PDT

    Britain's fiat cash distribution network dangerously close to collapse

    Posted: 24 Jun 2019 04:02 AM PDT

    Unus Sed Leo (LEO) From Bitfinex: The New Comer That Landed Top 13 Instantly

    Posted: 23 Jun 2019 11:58 PM PDT

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