Cryptocurrency Daily Discussion - September 29, 2020 (GMT+0)

Daily Discussion - September 29, 2020 (GMT+0)
Something something be your own bank
Extremely relevant. Thanks Tyler
The ‘Data is the New Oil’ Thematic Investment Basket: Palantir, Tesla, Vectorspace & Snowflake
Interesting human psychology experiment
So True: Nearly No One is Interested in Understanding Bitcoin
Decentralized exchange services can provide cheap and efficient ways to fund new projects. However, It is still difficult to impose market standards in the DeFi ecosystem as illicit entities can take advantage of its flexible nature
Things I have learned along the way in Cryptocurrency spaces - My Guide to help others succeed
Coinbase Has Drawn a Line in the Sand for Its Activist Employees
Binance CEO Says He Fully Expects DeFi to Cannibalize His Crypto Exchange
Part of the design? Or an issue?
a Las Vegas based Italian restaurant.
Bitcoin vs. Ethereum: ETH Transaction Fees Eclipse BTC By $193 Million
Everyone is posting their new local BTC ATMs. This guy has been standing at my local shopping center since 2014.
$2B now locked in Uniswap - more money than the entire DeFi space was worth just two months ago
Bulgarian National Convicted For His Role in a Bitcoin-Related Crypto Exchage Scam
TFW you finally make money from r/cryptocurrency for the first time in 3 years.
Warning: KuCoin Hacker Is Using Uniswap to Launder Funds
Bitcoin And Blockchain Are The ‘Future’ Of Twitter, CEO Jack Dorsey Reveals
Whale FOMO'd into $EMN for $130,548 and sold it recently for $368
Total Value Locked in DeFi Surpasses $11 Billion
Fun Facts: The Top 100 Moon holders collectively own 68.55% of the total supply. Surprisingly only 7,721 holders total.
OpenBazaar Market Saved by Angel Investor
Ethereum 2.0 testnet 'Spadina' goes live ahead of the mainnet release - The Block
Bitpanda Raises $52M Series A Led by Peter Thiel’s Valar Ventures

Daily Discussion - September 29, 2020 (GMT+0)

Posted: 28 Sep 2020 05:09 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]

Something something be your own bank

Posted: 29 Sep 2020 01:30 AM PDT

submitted by /u/563847293810
[link] [comments]

Extremely relevant. Thanks Tyler

Posted: 28 Sep 2020 01:30 PM PDT

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

The ‘Data is the New Oil’ Thematic Investment Basket: Palantir, Tesla, Vectorspace & Snowflake

Posted: 29 Sep 2020 03:37 AM PDT

Summary:

A 3000% gain by a thematic investing basket
Data is a powerful theme including 3 stocks and 1 crypto
How to execute the trade

Our fund positions in IPO sympathy plays as a way to play IPOs indirectly. These kinds of plays are also known as thematic investing or thematic investment baskets.

The last thematic investment basket, the 'Coronavirus basket' resulted in a gain of over 3000%. Companies like Novavax (NVAX) and other pharmaceutical components were largely responsible for the gains.

The performance of the BMY-CELG basket is an example of how well a thematic investment basket can outperform the broader market. It's described in detail in the article titled, 'Generating Alpha from Information Arbitrage in the Financial Markets with NLP Datasets: 水涨船高'

That simply means trading stocks that are moving 'in sympathy" with another related stock, crypto or global event of some kinds like the 'Coronavirus basket' above.

Let's dig right in and let me show you our approach for our ultimate thematic investing basket based on current events.

Introducing the 'Data is the new oil' thematic investing basket...

https://medium.com/@christopheraberman/the-data-is-the-new-oil-thematic-investment-basket-palantir-tesla-vectorspace-snowflake-ad0412b62423

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

Interesting human psychology experiment

Posted: 28 Sep 2020 06:41 PM PDT

it just dawned on me that this whole MOON thing is a very interesting human psychology experiment. Now that people know that everything they do on this sub has monetary consequences (good or bad), such as upvoting someone will potential net them more MOON, so they are making other people richer (if only slightly), will people be as fast and loose with their upvotes?

Vice versa, knowing that downvoting someone will most likely cause them to receive less MOON, will people just start machine gun downvoting for the lols.

thoughts?

submitted by /u/phyx1u5
[link] [comments]

So True: Nearly No One is Interested in Understanding Bitcoin

Posted: 29 Sep 2020 04:07 AM PDT

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

Decentralized exchange services can provide cheap and efficient ways to fund new projects. However, It is still difficult to impose market standards in the DeFi ecosystem as illicit entities can take advantage of its flexible nature

Posted: 28 Sep 2020 11:46 PM PDT

submitted by /u/Ozi1992
[link] [comments]

Things I have learned along the way in Cryptocurrency spaces - My Guide to help others succeed

Posted: 29 Sep 2020 04:17 AM PDT

I thought I would write this up to help any newcomers or anyone interested in learning some new perspectives and ethics that keep me grounded and excited in this revolutionary era of crypto and decentralized currency we are currently living in.

I am not by any means an expert but I do have my own code I stick by within this space. Hopefully this is enlightening for some, although some may think these points are common sense. Really this is my foundation that makes me feel comfortable and confident in my judgement when investing into great cryptocurrency projects...

Do your best to suppress the FOMO urges and mindsets and also try not to DOMO (dwell on missing out) these feelings are negative, self defeating and will just cause anyone a lot of irrational unnecessary stress. Who cares if Joe Blow dumped 300 hundred dollars into some random new "shit coin" and made millions! Good for him, it was a one off and this isnt about his future its about yours. Chanting "Coulda woulda shouldas" is not the disposition to have when wanting to invest in cryptocurrency.

Anytime is a usually a good time to start investing in cryptocurrency. Pick a good reputable exchange to start with and test it out.

Find projects you like. Look for the positive ethics and innovation behind the project and also who the creators and custodians of the projects are. Some of them are really interesting people who follow a code of their own ethics.

DD or Due Diligence applies to crypto/defi projects similar as it does to investing in the stock market. Investigate. Gather as much information on a specific project you are interested in is probably the biggest attribute to having success and watching your finances grow.

Is the crypto technology improving or innovating something that benefits people or the space?
Does the project promote positive community values and growth opportunity?
Are the management teams behind the projects talented and of good character?
Does the crypto have a good foundation to thrive off of as it grows?

These are the main things I look for when doing my DD on any crypto.

When you research your chosen projects dig deep and be cautious of crazy hype promotions or biased articles on "These next 3 big cryptos and defi will moon in 2021!!!!1" Trust your research and sound judgement based on the facts not on knee jerk emotions ****this is actually really hard for me sometimes because I get really emotional when it comes to things I am passionate about but having a logical mindset will reward you and then you can be emotional and cheer about it later when you see your gains.

Have a solid financial foundation when you decide to invest in multiple crypto. I tend to keep the majority of my capital in Etherem as it is a proven product with a great track record that many other cryptos rely on...it isn't going anywhere. Stability is a helpful tool. That said, it is good to diversify and try fledgling projects for great opportunities and it doesn't matter how little you invest - testing the waters is a great way to get an idea of how the project will start to perform.

We hear this one a lot: "JUST HODL!" while holding is great so is variety and trading at certain times. Be on the lookout for indicators relating to the crypto market fluctuations such as a passing vote, public announcements from the managing teams and exchanges, new tech or software upgrades, even world events that could effect the value of the crypto you want to buy hold or sell. These are indicators or catalysts to always be looking for and will help you make better buying selling and trading choices with crypto.

"dont spend what you cant afford to lose" we see this a lot as well and while it is a good rule to follow, sometimes by taking risks we are greatly rewarded. So I say to this, yes follow that rule but also expand and evolve as crypto holder. This will mean taking some risks and then following the previous mentioned principles to mitigate that risk further.

Cutting losses. This is a tough one. Everyone has their own stop loss ideology or limit to which they feel they can tolerate. I would say if you were going to cut your losses do it for a reason that makes sense. A coin drops %30 percent today...that isnt a good reason. The reason is why did it fall that 30%, is it the market? Some sort of halving event, just the market is constantly ebbing and flowing. The point I am getting to is try to avoid rash decisions simply based on a percentage loss. Find the truth behind it and then act accordingly based on the facts. I have held through countless drops in the last several months and usually it just takes a bit of time to wait out the market re-calibrations and corrections as most of the time these bounce back and even better than before.

I think the most important rule of all is again, remember to have fun. Even when I see I am down for the week it just gets me excited for the next or even a potential buy opportunity on the dip. It is a chaotic up and down game. But if you can find some comfort and reason within that, then it can be really exciting and rewarding. Have fun and be passionate in the projects you believe will succeed, knowledge share and teach others things you have discovered. Passing on valid information can help others be successful and that is often a key component of a project becoming reliable and strong. Great crypto communities backing a good crypto project go hand in hand. support each other and drive for success this can and will most certainly create some MOONS in the process.

Good hunting to everyone and I wish you all great wealth in your endeavors!

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

Coinbase Has Drawn a Line in the Sand for Its Activist Employees

Posted: 29 Sep 2020 01:37 AM PDT