Cryptocurrency Daily Discussion - June 13, 2020 (GMT+0) |
- Daily Discussion - June 13, 2020 (GMT+0)
- What we expected: cryptocurrency would normalize and become more like the stock market What happened: the outside world went crazy and the stock market became more like cryptocurrency
- Everyone's worst nightmare in crypto.
- Rotki, the portfolio tracker that respects your privacy, releases v1.5.0 with support for MakerDAO vaults, considerable UI improvements and more!
- Daaaaammmmmnnnnn
- Triffic is the world's first augmented reality app that rewards you in cryptocurrency called 'GPS Tokens'.
- Cryptocurrency Exchange CEO Ordered Employees to Make Fake Trades, Leaked Documents Show
- Ark just created a scooter rental app and service using iot and their blockchain, what else can they create?
- Are funds in danger if copy of ID got leaked to the internet? Coinbase / Binance
- Drug Dealer Just Sentenced to 25 Years Hoped to Build a Better Bitcoin Miner
- Robin Williams Compares Banks/Wall Street to Junkies
- NanoPaint- See the speed and network capacity of Nano with an interactive and fun UI
- Hackers blackmail exchange with $5 million of Ethereum fees - report
- CoinMetro Exchange Review
- Integrating Non-Bitcoin Applications with the Lightning Network (suggestions)?
- Did the Mt. Gox Bitcoin hacker finally reveal himself? - Craig Wright claims he owned the recipient addresses
- AceDcoin Will Be Switching to Ethereum Network With AceD Swapping to AceD Tokens
- Craig Wright Apparently Just Admitted to Hacking Mt. Gox
- Is Digibyte Coinbase bound? DGB eyeing coveted Top 25 Spot.
- Discussion of the Day: BEAM
- As many as 36% of large investors own crypto assets, and bitcoin is the most popular, Fidelity says
- What is Matic Network?
- Percentage Based Crypto Portfolio Template
- Chinese cryptocurrency question - YuanPay
| Daily Discussion - June 13, 2020 (GMT+0) Posted: 12 Jun 2020 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:
To see prior Skeptics Discussions, click here. [link] [comments]  | ||
| Posted: 12 Jun 2020 02:49 PM PDT
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| Everyone's worst nightmare in crypto. Posted: 12 Jun 2020 07:37 PM PDT
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| Posted: 13 Jun 2020 04:11 AM PDT
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| Posted: 12 Jun 2020 04:04 PM PDT
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| Posted: 12 Jun 2020 09:21 PM PDT
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| Cryptocurrency Exchange CEO Ordered Employees to Make Fake Trades, Leaked Documents Show Posted: 13 Jun 2020 02:11 AM PDT
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| Posted: 12 Jun 2020 09:37 PM PDT Ark just released a scooter rental using iot and the ark blockchain. Imagine renting scooters placed in your city with ark or another crypto. This is very interesting and opens up the possibility to use ark for things like car rentals or bike rentals. What would the limits be? Golfcarts and go-karts seem like a great option too. Imagine putting this into an arcade, making users use qrcodes specific to the games and issuing prize tickets via blockchain. No more faking tickets, no more carrying tickets, no more interactions. Touchless arcade transactions could even use nfc, would just need to clean the buttons on the games. Would be a fun retro, but modernized like experience. Anyone have any other ideas this could be used for? [link] [comments]  | ||
| Are funds in danger if copy of ID got leaked to the internet? Coinbase / Binance Posted: 13 Jun 2020 02:31 AM PDT If a copy of my ID has been acquired by a scammer, could he manage to get access to my coinbase / binance accounts by convincing their support that he is me? The scammer doesn't necessarily know that I have any coins, but could it be possible to reset my access / change the email addresses of my accounts by sending them a copy of my ID or does their support require some kind of video chat confirmation? [link] [comments]  | ||
| Drug Dealer Just Sentenced to 25 Years Hoped to Build a Better Bitcoin Miner Posted: 12 Jun 2020 09:22 PM PDT
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| Robin Williams Compares Banks/Wall Street to Junkies Posted: 12 Jun 2020 08:11 AM PDT
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| NanoPaint- See the speed and network capacity of Nano with an interactive and fun UI Posted: 12 Jun 2020 11:05 AM PDT
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| Hackers blackmail exchange with $5 million of Ethereum fees - report Posted: 12 Jun 2020 06:19 AM PDT
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| Posted: 13 Jun 2020 01:02 AM PDT Hi Cryptocurrency community. Have a look at the extensive CoinMetro review that has been published last week: CoinMetro Review — The Trade, Invest, and Earn Crypto Exchange Table of Contents
[link] [comments]  | ||
| Integrating Non-Bitcoin Applications with the Lightning Network (suggestions)? Posted: 12 Jun 2020 06:01 PM PDT | ||
| Posted: 12 Jun 2020 11:06 AM PDT
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| AceDcoin Will Be Switching to Ethereum Network With AceD Swapping to AceD Tokens Posted: 13 Jun 2020 12:17 AM PDT
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| Craig Wright Apparently Just Admitted to Hacking Mt. Gox Posted: 12 Jun 2020 11:22 AM PDT
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| Is Digibyte Coinbase bound? DGB eyeing coveted Top 25 Spot. Posted: 12 Jun 2020 11:23 PM PDT
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| Posted: 12 Jun 2020 02:13 PM PDT -Today's Crypto of the Day is BEAM, and it's current price is $0.4671. DUE TO SOME PERSONAL ISSUES, I AM TEMPORARILY BEHIND ON FOLLOW UP POSTS. I WILL EVENTUALLY CATCH UP AND POST MY OPINIONS ON ALL OF THEM. I AM NOT TRYING TO MAKE LOW EFFORT POSTS AND WILL DO MY BEST TO POST A NEW DISCUSSION DAILY FOR A WHILE. THANK YOU FOR YOUR UNDERSTANDING. -Since 2/18/20, I have posted a crypto/asset of the day for discussion. I typically begin by posting the current price, as well as the brief CoinMarketCap summary. If there is a video featuring it on Coin Bureau, I also post that. After a week or so, I usually post replies to some of the posts, and I also add an overall summary of my thoughts, if I plan to hold any, and is so how much. -I strongly encourage everyone to follow up on past discussions and you can still make comments on them. There is a lot of valuable information on many of these posts, so please check them out as you have time. You may learn a lot regarding some of these projects. I know I certainly did! https://www.reddit.com/r/CryptoCurrency/search?q=author%3Ajoenorwood77&restrict_sr=on -My first month or so I featured projects listed on some of the main exchanges. Now I plan to focus on the top 100 on CoinMarketCap. After that I expect to broaden to the top 200, and then some random moonshots. I will eventually create a post looking for any projects I should feature before I eventually close this project. -Just because I feature a project does not mean I like it. I feel discussion on bad projects are just as important as the good ones. It is useful to hear pros and cons about every project, even if you are simply playing devils advocate. -I would say a perfect reply would include at least one pro and at least one con for the project. However, I still feel it is acceptable if you post only pros or cons. If your post does not have any substance to it, "this coin is a scam", "avoid this shitcoin", "this coin will moon to $1000 by the end of 2020", then I will just assume you are posting for personal gain rather than helping the community. If you simply downvote the post without any comments, the only thing you accomplish is having less people view the post. I do not care about Reddit Karma, but if a post drops to zero early on, it can be extremely difficult for people to even find these discussions (which I assume is your intention). -These posts are not meant to be financial advice, but instead to be an educational discussion. Everyone is responsible for doing their own research. For each project, I am interested in learning if you have any investment in it, and if so, about what percentage of your portfolio does it carry. Most importantly, what should we all know; good, bad, and indifferent, about this project? [link] [comments]  | ||
| As many as 36% of large investors own crypto assets, and bitcoin is the most popular, Fidelity says Posted: 13 Jun 2020 02:06 AM PDT
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| Posted: 13 Jun 2020 01:47 AM PDT Matic Network brings massive scale to Ethereum using an adapted version of Plasma with PoS based side chains. Matic Network in contrast to numerous other Initial Coin Offerings (ICO's), has delivered on its promises. Matic Network is already live on mainnet and staking is going live within 2 weeks. In reality it provides a scaling for mass adoption to Ethereum and any other blockchain. Matic After Mainnet – What to Expect Matic Mainnet will result in increased adoption by Dapps, other blockchains and key institutional industries. Ethereum currently has over 2700 Dapps built on it. Matic layer 2 scaling option has now made it possible to scale Ethereum transactions and 2020 has already seen massive rise in ETH transaction fees. This is the beginning of numerous institutional partnerships. The Ethereum Blockchain is currently number 2 with regard to market cap and is gaining increasing attention as the shift of institutions moves away from only Bitcoin (as an investment) to blockchains with more practical usage. 2020 has been a great year for Ethereum due to its dominance as a blockchain and now because of Matic's ability to now scale Ethereum, its only going to get better. [link] [comments]  | ||
| Percentage Based Crypto Portfolio Template Posted: 12 Jun 2020 07:42 AM PDT Dear Crypto friends! Every few months I mention on Reddit how I use a percentage based portfolio management strategy and that I believe it is the "right" way to manage your portfolio. When this comes up I mention the google sheets document I've created over the past three years to organize, view, and react to my portfolio. Every time somebody asks me to share this document, but doing so takes a lot of effort and I've been too lazy. Well last night it happened again and this morning I finally wasn't too lazy. So without further ado here is a way too long post about how I view finances and why I believe you should try to adapt my strategy to fit your needs. *First things first, I am not a financial advisor, I am an internet bozo that you have never met. Don't invest more than you're willing to lose, do your own research, not your keys not your coin, feel free to comment more cliches and I can add them here.* I adhere to the belief that the very first step to proper financial management as an adult is to create a monthly budget for your life. I have used mint for years as a way to track my spending and help me figure out what a realistic monthly budget for my lifestyle is. Once I feel good that my monthly budget is accurate I put 3 months worth of my budget in my traditional credit union savings account, 1 months worth in my traditional checking account and then I direct deposit my paycheck into a third traditional savings account. I then place 3 more months of my budget into a high interest DeFi account. Now I want to pause here because everyone comes from very different financial backgrounds. We all hear "Don't invest more than you're willing to lose" but nobody likes to define this. Regardless of how you feel about USD stability (if you're in this community it's probably because you don't trust fiat) most "experts" believe you're first financial priority as an adult is accumulating a 6 month emergency fund. We live in crazy times and if the past 3 months didn't convince you that an emergency fund is necessary I don't know what to say. I understand that even if you have a minuscule $2,000 a month budget(good luck getting a studio apartment in NYC?) my strategy requires $14,000 before you even start investing in crypto. That is way more than most people actually have and I completely empathize if you are unwilling or feel unable to wait until you have that. If you absolutely can't wait that long, I hope you at least start building towards your emergency fund using a high interest DeFi account (I recommend Nexo, Blockfi or DefiSaver). I am not a financial advisor! Now that I have my bank accounts set up, it is time to invest in my favorite cryptocurrencies. Everyone has their own rules (DYOR!) my rule is, I only invest in coins I use. So for example I feel the C20 token is extremely interesting and I have thought about buying some, however it is an index fund not something I can spend, so at this time I'm not investing in it. I also feel EOS/Steller and some other chains are also really interesting, but same issue, I don't actually use them. What do I use? Personally I regularly spend USD(no shocker there), BTC (I've recently gotten into using the lightning network using the FOLD app), ETH(God's Unchained is better than Hearthstone, fight me!), BCH (Purse has been great!), Nexo, BNB, and Dash. Ok I don't actually spend Dash. Eventually I think I'm going to switch Dash to Monero, but either way I feel holding a privacy coin during extreme civil unrest is reasonable. I'm definitely not here to say one coin is better than another and that my choices are correct. If you want to tell me how much of an idiot I am for using the lightning network or that spending bcash is a scam feel free to do so in the comments, just know that I don't care and I wont read them. DYOR!! Once you have the coins you would like to hold I believe you should set a target % that you want each coin to take of your total portfolio. You can do this by saying everything is equal at 10% or as I do where each coin has it's own target percentage based on how I feel about them. DYOR!!! If the roller coaster meme gets posted and your actual percentage held goes from 10% to 15% using my strategy you would sell off that 5% and distribute it to a coin that hasn't skyrocketed(yet!). Conditional formatting in the document triggers a Green fill when a coin passes 103% of it's target % and a Red fill triggers when a coin drops below 96% of it's target %. That's it, that's my strategy. When the market goes up I trade for some USDC and when it goes down I spend that USDC to accumulate units for the next bull run. It is very simple, but forces you to not care about fancy technical analysis or dollar averaging. Just buy when the market tells you to buy and sell when it tells you to sell. At the end of each day I click the "History" tab, copy the days data and "paste values only(Ctrl+Shift+V)" on the bottom row. When my paycheck comes in I top off my checking account to a full months budget then look to see how much my sheet recommends sending from my traditional bank account to my DeFi savings account. Those of you who are interested I'm attaching a link to my google sheet. It is going to be able to be viewed but not edited so you will need to duplicate it to your own account to use yourself. I have added lots of tiny notes to explain different sections and help you learn how to interact with the data. One issue that may arise is if you try to copy paste the sheet. When pasting formulas, if you go to copy and paste and are only getting values click "view > show formulas" then copy paste. You wont get my many notes and pretty formatting but it's a start. Another issue is with adding the "CRYPTOFINANCE()" script. For instructions and more information. Hopefully you'll be able to duplicate this document without issue, but if not let me know and I'll do my best to troubleshoot. I'm really proud of this document and have put a lot of time and effort into it the past 3 years, so please be kind in your criticisms but by all means give me advice on ways I can improve it more. Percentage Based Crypto Portfolio Template I hope you found this interesting and useful, Sincerely, Clark Kent Edit: One tidbit that I forgot to touch on but that is absolutely necessary to share. The cyptofinance() data pull method isn't perfect. It is not unreasonable for the prices it shares to be 20 minutes delayed. For this reason you should only use the document as a guide. Double check that the price of the coin it is telling to sell is still close to what the document believes it is. [link] [comments]  | ||
| Chinese cryptocurrency question - YuanPay Posted: 12 Jun 2020 11:48 PM PDT Has anyone used China's YuanPay Group? They claim to sell China's Official Government-Backed Cryptocurrency but I'm having a hard time finding more info. Would like to purchase some, from a currency broker/exchange. If anyone has any tips or suggestions I would greatly appreciate it. [link] [comments]  |
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