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    Cryptocurrency Daily Discussion - September 5, 2020 (GMT+0)

    September 05, 2020

    Cryptocurrency Daily Discussion - September 5, 2020 (GMT+0)

    Daily Discussion - September 5, 2020 (GMT+0)

    Posted: 04 Sep 2020 05:11 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 The prior exemption for karma and age requirements is no longer in effect.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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    Same story and so true.

    Posted: 04 Sep 2020 12:28 PM PDT

    To the moon!

    Posted: 05 Sep 2020 03:12 AM PDT

    It really do be like that tho.

    Posted: 05 Sep 2020 12:09 AM PDT

    A day in the life of a crypto investor...

    Posted: 05 Sep 2020 12:05 AM PDT

    Andreas Antonopoulos giving a speech about bitcoin in 2013

    Posted: 04 Sep 2020 02:22 PM PDT

    Anyone care to join me..... In the bloodbath?��☢️��

    Posted: 05 Sep 2020 02:53 AM PDT

    The rise of Bitcoin looks waaaaaay too similar to the rise of the internet. Exciting times ahead!!!

    Posted: 04 Sep 2020 11:31 AM PDT

    READ THIS NOW: My life of SHOULD'VE, WOULD'VE, COULD'VE until I discovered Crypto.

    Posted: 04 Sep 2020 04:24 PM PDT

    Mostly all here are invested into Crypto. We all have our own reasons, methods, values of how we invest our money. One thing in common is we all have one main goal. That is to get as much money as possible out of this with the time, and money we can spare.

    That's the dam truth##.

    We are all here together, and since we are all here on our own will , I want to tell you why you should be proud to hold all your crypto.

    I'm 40 years old. At 18 after I graduated HS I had about $7800. $1400 from my graduation party, and $6400 selling my MTG collection on EBay. I also managed a small arcade for about $350 a week.

    Back to my MTG collection...

    I sold it because it changed. The designs on the new series looked too modern. The original designs were a work of art.

    Anyway, I seriously wanted to hold those magic cards but I kept telling myself...

    "I can get them back if I want. The price isn't going to move anytime soon. The market is in slight decline. Some of these have been the same price for 2 years now."

    I was right, the price of my two Lotus's stayed the same for 5 more years. Not budging . 12 years later after that , those same two cards value at over $60,000ea I believe. If I held untill a few years ago or now, I would've been able to do a quick sale at $400,000. Yes at a discount.

    The same goes for all the first edition garbage pail kids I had.

    So, what did I do with all $7800##?

    I told myself I want to invest it into Microsoft. But I talked myself out of it by saying

    "Some people told me the market was a risk, and I had to prepare myself to lose it all"

    So I didn't do it. I was close, but I didn't. I could've had OVER A MILLION!

    I instead used that money for a school. Business computer programming. It was a waste because 90% of what they taught me came natural. I was doing basic programming at 13 for fun.

    I regret not going with my initial FOMO on Microsoft , I regret listening to my own FUD with the MTG cards.

    7 years later, I repeated the same mistake...

    I had about $15,000 in the bank. I wanted to invest $10,000 in apple after I read about the release of the iphone. Instead opted to do 5k over FUD I read. It was FUD about the risk since they never made phones, and alot of people were ridiculing their idea.

    Then I said to myself...

    "Fuck that, I don't want to do this. I could do so much more with this 5k"

    I instead used the 15k turbocharge my transam, add a racing transmission, tires, rims, new stero system, and I took a 2 week vacation ...GONE!

    I got what I wanted. Got laid a bunch of times, went to car shows. That could of been $500k by now.

    To top this off, I missed out on a quick $78,000 win at the racetrack because if my own FUD. Horses.

    I lost $200, and was left with only I $5 that night. I decided, "you know what, fuck it, I'm going to do a completely off the wall wild bet.

    I did a completely wild bet for $5. I picked all longshots in what they call a "Superfecta"(4 horses in that exact order 1st, 2nd, 3rd, 4th place prediction.

    1 minute before the race started, I Cancelled the bet. I told myself ...

    "this is stupid, 99:1, 78:1, 56:1, 38:1 long shots coming out in this order? THATS INSANE...Why am I blowing 5 away? Fuck that, I instead put $5 on the 10:1 to win hopefully my to maybe get $50 back "

    Well. Guess what? The 3nd largest superfecta payout in history. No body won it! It came out in the original order I out it in that's to a series of freak disqualifications in the race.

    I hate myself for cancelling that. But hey, maybe that happened for a reason. Maybe I wouldn't have ended up living on another country for 2 years. Learning another language.

    You see

    So many times in my life I had the perfect opportunity, and I didn't take it. I let Fear, Uncertainty, and Doubt make my Choices for me.

    Then came crypto currency. In late 2016, a client of mine told me he got rich off Bitcoin. He raved about it . He told me about ripple, ETH etc.

    I invested in his recommendation about XRP when it was $0.005. it FLEW UP from there. I took some of that massive gain and bought other things, and those FLEW. For someone like me, it was LOTS of money off my original $500.

    Sure this was a "lucky time" to get in but that's not the point I'm trying to make here. The point is that I finally did it! I didn't let FUD fuck with my head. I just did it. I cashed out already in late 2017. About 90% of what I gained. Payed off all my debt, and my truck, and had another $30k or so to put a down payment on a house. If I didn't just stick with my guns and let the FUD get to me, then I would still be in a whole bunch of debt. Especially with this whole lockdown bullshit. But now....

    NOW ,I never again I will tell myself...

    "IF ONLY I DID THAT WHEN I HAD THE CHANCE"

    NOW I NEVER HAVE TO SAY THAT AGAIN! I DONT GIVE A SHIT IF IT TANKS ANOTHER 50% FROM HERE because it's all house money. I NOW NEVER HAVE TO SAY ...

    "IF ONLY I DID IT"

    NOW I DID!

    Crypto Currency is severely undervalued. Its manipulated down right now. This about this logic, how can something increasingly popular with more and more support by the day drop in price? Crypto isn't human. Bitcoin isnt getting fired over sexual harrassement, there isn't a corporate takeover. Its manipulation.

    I don't care if this shit takes 5 years to recover. I'm holding . I don't care if BTC dips to $1000. I'm holding till this MCAP tops 10 trillion. so if you love your crypto, hold that F#%KING SHIT!

    The lesson here is never let FUD make choices for you. Stick to your original beliefs. If there's a voice in the back of your head telling you "I want to do this", then Listen to that voice. That's you! Listen to yourself, not the new voice that intrudes after your choice.

    submitted by /u/JuicySpark
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    Would you use this crypto reminder app?

    Posted: 04 Sep 2020 11:19 PM PDT

    I'm building an app that checks the Crypto Fear & Greed Index ("FGI") daily and tweets reminders to subscribers if it falls below <20 or rises above >70 on any given day.

    Since the FGI measures fear and greed on a scale of 0-100, the best buying opportunities exist when the FGI is at a low (extreme fear) and the best selling opportunities exist when the FGI is at a high (extreme greed).

    Historically, the FGI has been very strongly correlated to price tops and bottoms.

    My app helps traders to determine when to buy/sell and serves as an additional indicator they can use to gauge market sentiment.

    Would you use an app like this?

    submitted by /u/simplisticallysimple
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    Testing a 500,000sat(~50$) transaction fees on a few LN wallets.

    Posted: 05 Sep 2020 02:47 AM PDT

    WARNING: Binance refuses to pay out

    Posted: 04 Sep 2020 01:14 PM PDT

    Old account, used before without a problem. Didnt use it quite often though. Never had problems. Never had need to verify anything. Yesterday I deposited 1 BTC (so well below KYC limit requirement) to the account and bought BZRX. Wanted to withdraw it to ethereum wallet so I can stake BZRX and that is when problem starts.

    1. They asked me for documents and selfie. I provided both.

    2. They asked me to do facial recognition, via their app and I did that as well.

    3. On attempt to withdraw my funds to ethereum wallet, suddenly there was "waiting for aprooval" message I thought - what the hell but OK. Guess what - approval DENIED because of risk management (???)

    Their live support was useless, he doesnt know anything and he switched me to ticket. I know I will be waiting for ticket to be resolved for days / weeks / if it ever becomes resolved. I heard stories of Binance refusing to pay out customers for no particular reason and they couldnt help themselves since nobody even know where is Binance located. I personally know a guy who didnt get money from Binance for over 6 months now, they are not even answering his emails any more. And yes, I was that stupid to deposit money there.

    What do I do now?

    submitted by /u/bisti123
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    UMA went live on Coinbase Pro for a few minutes then the trades were deleted

    Posted: 04 Sep 2020 10:50 PM PDT

    Manage Risk, Not Money.

    Posted: 05 Sep 2020 03:54 AM PDT

    Kazakhstan to Make a $700 Million Bet on Bitcoin Mining

    Posted: 04 Sep 2020 08:22 PM PDT

    The ChainLink network was unsuccessfully attacked last weekend

    Posted: 04 Sep 2020 05:46 AM PDT

    mempool.observer - Useful site to find and see the current state of the mempool, bitcoin fees, and blocks

    Posted: 05 Sep 2020 02:45 AM PDT

    FOMO vs FEAR Trading Experiment - Week 8 Update with chart!

    Posted: 04 Sep 2020 05:06 PM PDT

    The daily BitMEX broadcast at 13:08 UTC - Using a fingerprint to reason about a footprint

    Posted: 05 Sep 2020 03:58 AM PDT

    Banking Difficulties in Latin America Fuel Crypto Adoption

    Posted: 04 Sep 2020 08:19 PM PDT

    Keep your security up to date

    Posted: 04 Sep 2020 08:17 PM PDT

    Countless hackers are roaming for crypto.

    If you have installed A program, could be from anything especially dodgy websites, you could be hijacked. These hackers might observe you for months and in a few minutes take everything especially if you have all your passwords and codes saved on your computer.

    There are programs out there that can remote access your computer literally looking at everything you do. Just because you have Google 2FA or a strong password and email notifications it won't matter if they can see everything you type and They see see your 2FA authentication code by taking a screen shot.

    Always use a separate computer that has not downloaded anything for all your crypto wallets and deposits And never save any passwords login details or information in a text file or a word file that doesn't have some severe encryption on your computer. Otherwise, save everything to a USB and keep it stored off-line. Preferably never connect to the Internet unless you need to send all withdraw your crypto.

    

    submitted by /u/Robby16
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    Countries of residence with Fiat currency funding no KYC

    Posted: 04 Sep 2020 11:25 PM PDT

    Without using verification, I intend to fund a Kraken account using fiat. In the US, this is not allowed. If anybody knows what countries would allow me to fund with fiat without verification.

    ​

    Or if anybody can suggest a fiat-crypto exchange without KYC.

    submitted by /u/tacctical
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    Looking for advice on an exchange to use given my circumstances

    Posted: 05 Sep 2020 02:51 AM PDT

    • I have a bank account with a Czech bank in CZK
    • I also have Revolut - I've done some investing in Revolut whilst I learn more about crypto
    • I'm now looking to go the exchange and wallet route and would like some advice

    I was hoping to deposit CZK straight into Revolut from my bank, exchange to the required currency, and then transfer that money to an exchange so that I could purchase cryptos.

    What would be the best approach here? I've read some exchanges are not supported by Revolut and I also don't want to go with an exchange with ridiculous fees.

    Any advice on this would be greatly appreciated.

    submitted by /u/productrocket
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    Tippin.me - Tip people on Twitter using Lightning using this webapp, which integrates easily with Twitter

    Posted: 05 Sep 2020 02:50 AM PDT
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