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    Home Unlabelled Cryptocurrency Hey r/CryptoCurrency come chat about cryptocurrency with other r/CryptoCurrency users that like to chat about cryptocurrency on the r/CryptoCurrency Discord cryptocurrency server!

    Cryptocurrency Hey r/CryptoCurrency come chat about cryptocurrency with other r/CryptoCurrency users that like to chat about cryptocurrency on the r/CryptoCurrency Discord cryptocurrency server!

    July 27, 2020

    Cryptocurrency Hey r/CryptoCurrency come chat about cryptocurrency with other r/CryptoCurrency users that like to chat about cryptocurrency on the r/CryptoCurrency Discord cryptocurrency server!

    Hey r/CryptoCurrency come chat about cryptocurrency with other r/CryptoCurrency users that like to chat about cryptocurrency on the r/CryptoCurrency Discord cryptocurrency server!

    Posted: 26 Jul 2020 02:11 PM PDT

    Daily Discussion - July 27, 2020 (GMT+0)

    Posted: 26 Jul 2020 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:

    • 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 The prior exemption for karma and age requirements is no longer in effect.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
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    Was dropping off a delivery and this made my day

    Posted: 26 Jul 2020 06:08 PM PDT

    for those who are using exodus as a wallet, be carefull of this scamm ( shows up at the top of google " exodus " research )

    Posted: 27 Jul 2020 03:24 AM PDT

    Bancor V2 Mainnet launch is expected to release with this new UI. Users will be able to swap, provide liquidity, view APR & discover the best-performing pools on the Bancor Network

    Posted: 27 Jul 2020 12:18 AM PDT

    Finally got one myself!

    Posted: 26 Jul 2020 06:56 PM PDT

    Serious question: What is the current sentiment on NANO?

    Posted: 26 Jul 2020 02:19 PM PDT

    Just saw that it was heading out of the top 100!

    That's insane. But what do you guys think about it as a project in 2020? Do you expect it will die out or pick back up?

    Genuinely curious to hear opinions on this.

    submitted by /u/ExecutiveAlpaca
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    Congratulations to the MakerDAO team for reaching 1Bn value locked in vaults!

    Posted: 26 Jul 2020 09:10 PM PDT

    Second Stimulus Check Coming, But Will Americans Use It on Crypto?

    Posted: 27 Jul 2020 03:39 AM PDT

    The Preemptive Guide to Staking SWTH

    Posted: 27 Jul 2020 03:12 AM PDT

    Staking node cost just over $10k, It will end up somewhere near to $300k+

    Posted: 27 Jul 2020 04:27 AM PDT

    At the time of this post Staking node cost just over $10k

    Let's do some maths, Yearly reward will be paid in ETH ~ 5.8474 ETH (could be different if loads of people stake), If:

    | 1 ETH = $5k x 5.847 = ~$29k Yearly Reward

    | 1 ETH = $8k x 5.847 = $46.5k Yearly Reward

    | 1 ETH = $10k x 5.847 = $58k Yearly Reward

    Considering the above reward, staking nodes will end up close to ~$300k - $320k due to the demand and if you are not running your own node then you will use a pool of staking giving away your profit to the pool handlers

    submitted by /u/Gh0sta
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    The Future for Unregulated Exchanges

    Posted: 26 Jul 2020 07:04 PM PDT

    Cryptocurrency mentioned in GTA Online, bullish.

    Posted: 26 Jul 2020 03:05 PM PDT

    Bitcoin Dominance Drops To Levels Last Seen In July 2019

    Posted: 26 Jul 2020 02:21 PM PDT

    Crypto Trends 27 July 2020 �� Medalla - community testnet �� Backrunning spam ��️ Transaction fees (network security) + Black Thursday post mortem

    Posted: 27 Jul 2020 02:06 AM PDT

    Can we discuss "Be your own bank" and why it will never happen full scale?

    Posted: 26 Jul 2020 08:39 AM PDT

    One of the biggest pro arguments about crypto is "be your own bank", meaning you should be in charge of your funds and nobody should be able to stop you from your decisions. According to this post there is no reason for people to have so much power over their finance.

    https://www.theblockcrypto.com/post/72200/coinbase-says-it-prevented-over-1000-customers-from-sending-280000-worth-of-bitcoin-to-twitter-hackers

    Those centralized institutions saved more than 1000 people from their stupidity. While 1000 seams not a lot of people in the world, we still have mostly people in the space that are tech savy. So this number can only go up if we would ever reach world wide adoption.

    ​

    But lets assume there is a law or some event happening and everybody in the world has to use a crypto wallet for their finances. Do you think people, especially older ones, would be comfortable with all their life savings on hand? One bad decision or error and all gone. One bad actor scamming or mugging them. And in a blink of an eye all gone?

    What do you think about this?

    submitted by /u/onetimeonly11elf
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    The fact that AMPL isn't being explained or debated heavily on this subreddit is CRIMINAL

    Posted: 27 Jul 2020 04:40 AM PDT

    Listen, AMPL is a difficult crypto to figure out, and some have called it the "IQ test of crypto". Imagine if every time the government printed money it distributed to ALL wallets equally. That's AMPL.

    If you pull it up on Coingecko (which is more accurate than Coinmarketcap) you'll see a coin that has gone up some in price but doesn't look all that impressive. HOLD UP. Click on the button that says "Marketcap" and you'll see the true rise of this monster. It's been "stealth mooning" up nearly 100x in a month, from coin rank # 423 to #28 as of this writing, with little doubt among many people in crypto that it's going straight to the top 10 and probably higher. Question is whether you start learning about it now, or one day in a few weeks when you pull up your trusty Coinmarketcap (or Coingecko) and ask yourself what the hell that little A coin is with the weird name.

    Ampleforth. Time to go down the rabbit hole, read about it for a week, ponder its use case and economic implications for DeFi AND as an uncorrelated hedge asset for all of finance. How it can provide needed liquidity automatically for crypto even at massive scale. Maybe as you learn you'll begin to realize the power of this beast, why its momentum during this 100x run in a month is actually sustainable with its growing liquidity pool incentives, and why it could be the biggest thing in crypto since Ethereum and Bitcoin.

    Assuming everything I believe about AMPL actually comes to fruition, it could potentially do another 100x in my opinion before settling in the top 3. If you reach this point of understanding and decide to get a piece of the action, you'll probably watch the price for a few days waiting for a dip so you can be part of this revolutionary asset. It'll likely continue to rise, leaving you further behind as it has to almost everyone trying to buy in thus far. It just doesn't make sense but it's real.

    If you think this is financial advice, you're wrong, it is not. Read this post then decide if you want to research AMPL further. It can retract supply if it goes below $1 and some people think that will cause a spiral of sellers. It's true this is a volatile growing asset and requires a STRONG STOMACH to hold, but that's literally all anyone has to do to enjoy the ride.

    Reading:
    www.ampleforth.org/redbook

    submitted by /u/Zoomoo22
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    Almost 66% of BTC addresses have held for 1Y+

    Posted: 26 Jul 2020 06:04 AM PDT

    I tend to agree with him. What do you think? "Coinbase CEO Says Bitcoin and Cryptocurrency Must Evolve to Reach Mass Adoption & other BTC news"

    Posted: 26 Jul 2020 02:49 PM PDT

    Is this Sell Stop Loss Order filled in correctly ? I want Kraken to automatically sell the 22.16007 coins if the price of it drops to 5750 € ? Thx !

    Posted: 26 Jul 2020 05:25 PM PDT

    Exchange for US expats

    Posted: 26 Jul 2020 05:12 PM PDT

    I have had problems finding an exchange that I can use. Some exchanges require a US address and US phone number which I don't have. Other exchanges don't allow US citizens. Has anyone else had a similar problem?

    submitted by /u/tow-kneee
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    Long term stability and viability of stablecoins

    Posted: 26 Jul 2020 10:25 PM PDT

    Some exchanges offer interest rates on stablecoins like USDC. What's the risk of parking some money in USDC for a few years, besides the usual threats like getting your accounts stolen or the platform going under?

    submitted by /u/CaseyGuo
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