• Breaking News

    Saturday, June 20, 2020

    Cryptocurrency Daily Discussion - June 20, 2020 (GMT+0)

    Cryptocurrency Daily Discussion - June 20, 2020 (GMT+0)


    Daily Discussion - June 20, 2020 (GMT+0)

    Posted: 19 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:

    • 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 The prior exemption for karma and age requirements is no longer in effect.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.

    To see prior Skeptics Discussions, click here.

    submitted by /u/AutoModerator
    [link] [comments]

    NY Fed just classified bitcoin & cryptocurrencies as “fiat”... they also misclassified “commodity” in their report “War is peace. Freedom is slavery. Ignorance is strength.” NY Fed is using classic 1984-esque doublespeak.

    Posted: 19 Jun 2020 11:29 PM PDT

    Greyscale BTC assets increased by 111% of bitcoin mined this week

    Posted: 19 Jun 2020 03:18 PM PDT

    Grayscale 'Assets Under Management' this week:

    • 2020-06-15 => +262 BTC
    • 2020-06-16 => +985 BTC
    • 2020-06-17 => +1,615 BTC
    • 2020-06-18 => +88 BTC
    • 2020-06-19 => +2,233 BTC
    • Average = +1,037 BTC per day (this week)
    • Mined ≈ 900 BTC per day

    Google Doc

    submitted by /u/amphibiousParakeet
    [link] [comments]

    Over $10 million in BAT borrowed on Compound. Lenders are currently collecting 19% interest.

    Posted: 19 Jun 2020 11:11 PM PDT

    Derivatives exchange Bybit adds insurance fund and TA market alerts for traders

    Posted: 19 Jun 2020 05:33 PM PDT

    New York Fed: Bitcoin just 'another example of fiat money'

    Posted: 19 Jun 2020 02:42 PM PDT

    How to get started with Statera. Check out our new explainer!

    Posted: 19 Jun 2020 08:59 PM PDT

    Change my mind: The "all premined coins are scams" discussion is, in and of itself, dumb.

    Posted: 19 Jun 2020 09:22 PM PDT

    Author's forenote: I totally get the logic behind the XRP argument. Anyone who has done enough research on the "birth" of XRP will see that, at one point, Ripple staff said XRP was gifted to them by an anonymous creator. Later on they say, "We created XRP..." bla bla bla. This discussion isn't about XRP, as I think if Ripple started from scratch in 2020 with the XRP token, many if not all exchanges and banks would laugh at them.

    Technically, gold was created before humanity ever was, and had no value before humanity discovered the properties that made it different from other metals. Mining gold did not give gold its value. Molting it, as well as discovering its scarcity, did this.

    The argument of, "Oh well, that just means they can mint more whenever they want." also seems a bit dumb. Who can do this and why would they do this? I mean, to the best of my knowledge I've only seen/heard of 51% attacks taking place on lower-market-cap coins like the odd bitcoin clone or even Ethereum Classic. Don't 51% attacks make more coins get minted to?

    At any rate, let's get some civil discussion going.

    submitted by /u/sgtslaughterTV
    [link] [comments]

    VISA blacklists a free speech social media platform

    Posted: 20 Jun 2020 01:35 AM PDT

    Charles Hoskinson's TED talk from 5 years ago

    Posted: 19 Jun 2020 10:10 AM PDT

    The Making of Vitalik Bieberin: One director’s long journey with deepfakes and blockchain

    Posted: 19 Jun 2020 04:46 PM PDT

    Why it's probably not a good idea to earn interest with the funding fee on Bitmex

    Posted: 20 Jun 2020 03:40 AM PDT

    I have been doing video's reviewing the options to earn interest in the crypto space, while researching the interest rate you might get on bitmex I was surprised to find that it was'nt that great.

    If you are not sure how to make interest on Bitmex check out my video posted at the bottom.

    https://imgur.com/5sshP26

    As you can see the only time you would of got a good rate is in 2017, and in that year btc went up 1300% which likely inflated the rate.

    If we ignore 2017 you would of actually lost 0.5% over the 3 years.

    While this is a bad indictment of earning interest on Bitmex it does mean that you would of been paid to go long on leverage, something any trader dreams of. Finally minus interest rates for the masses.

    Ultimately I think if you believe the crypto market will rise, you are better off buying crypto (maybe on Bitmex, risky).

    If you believe the market will fall, it is better to sell your crypto and lend out the funds, on say bitfinex, binance or other sites. Or even short on bitmex if you are feeling wild.

    Lending reviews / tutorials

    Earning interest on bitmex

    Bitfinex Funding

    Binance Savings

    submitted by /u/kilmarta
    [link] [comments]

    Statera: smart contract audit complete!

    Posted: 19 Jun 2020 08:43 PM PDT

    Stake & burn Reddit MOONs to help me provide liquidity to Ethereum and get early access to an xMOON game!

    Posted: 19 Jun 2020 08:28 AM PDT

    My neighbour(45) invested in this website, is it a scam?

    Posted: 19 Jun 2020 02:30 PM PDT

    https://coinbiz.me/

    He has 0 experience in crypto and doesnt know how they work. I checked the website and there are alot of red flags. This website was promited to him in church and older friends since they get a refferal comission.

    So many wrong things here:

    1. the website wasnt upated since 2018 see the bottom.
    2. it uses very braod terms when it comes to investing and shows no results.
    3. FAQ section is a joke
    4. no reviews online or anything similiar.
    5. social media links doesnt work

    Can someone help me prove this is a scam of somekind. He is going to invest alot of his savings into this,

    submitted by /u/xsizo
    [link] [comments]

    Discussion of the Day: Neblio (NEBL)

    Posted: 19 Jun 2020 11:52 AM PDT

    -Today's Crypto of the Day is Neblio (NEBL), and it's current price is $0.5856.

    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?

    submitted by /u/joenorwood77
    [link] [comments]

    Overcoming Systematic Racism with Bitcoin

    Posted: 20 Jun 2020 01:27 AM PDT

    European investors find Bitcoin appealing because it is a good hedge against government intervention, reveals survey of 800 institutional investors.

    Posted: 19 Jun 2020 08:51 AM PDT

    8 Ways to Overcome FOMO in Crypto Trading and Investing

    Posted: 19 Jun 2020 01:48 PM PDT

    Ripple, Brave and Huobi Join Instant Global Payments Network PayID

    Posted: 19 Jun 2020 09:11 AM PDT

    Binance Joins Internet and Mobile Association of India, continues to blaze trails

    Posted: 19 Jun 2020 11:45 AM PDT

    DeFinitely 9 - The Week in DeFi

    Posted: 19 Jun 2020 10:55 PM PDT

    Top 5 Universities Offering Courses in Blockchain in 2020

    Posted: 19 Jun 2020 11:27 AM PDT

    UNICEF Cryptocurrency Fund announces its largest investment of startups in developing and emerging economies

    Posted: 19 Jun 2020 08:57 AM PDT

    No comments:

    Post a Comment