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    Cryptocurrency Daily Discussion - September 7, 2020 (GMT+0)

    September 07, 2020

    Cryptocurrency Daily Discussion - September 7, 2020 (GMT+0)

    Daily Discussion - September 7, 2020 (GMT+0)

    Posted: 06 Sep 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 The prior exemption for karma and age requirements is no longer in effect.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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    March Bitcoin Crash vs September Bitcoin Crash

    Posted: 06 Sep 2020 11:25 AM PDT

    The recent dump inspired me to make my first GIF - Just keep hodling!

    Posted: 06 Sep 2020 02:02 PM PDT

    Binance defends SUSHI listing after criticism

    Posted: 06 Sep 2020 04:24 PM PDT

    "Things I have learned" - Andre Cronje

    Posted: 06 Sep 2020 11:39 AM PDT

    The Absolute State of Sushi

    Posted: 07 Sep 2020 01:32 AM PDT

    Is cryptocurrency worth keeping for long term gains?

    Posted: 06 Sep 2020 11:15 PM PDT

    I'm 18 and I'm starting to dip my toes into the world of crypto in an attempt to make money when I'm a little older.

    I've bought EOS and received other coins through Bitcoin Earn, which makes up the entirety of my portfolio.

    I've heard of two straggles in regards to making money with crypto; holding it and letting it appreciate for a long amount of time, or day trading and selling it when market price is high. Which strategy is better for someone looking for long term gains?

    Any other advice would also be very much appreciated as I am very new to this. Thank you.

    submitted by /u/Hellyeah44
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    And just like that... the market cap of Tether rises by 4 billion in the past week alone and 10 billion since March 2020.

    Posted: 06 Sep 2020 02:11 PM PDT

    Keep holding onto USD if you don't know what's good for you because with breakneck printing, you get a tether buck that's only losing value in relation to a deflationary currency and crypto like BTC (This includes you, Ethereum).

    submitted by /u/JeremyLinForever
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    Litecoin is set to add MimbleWimble via Extension Blocks this month on Testnet

    Posted: 06 Sep 2020 02:51 PM PDT

    In the 2017 bull run, a random Guy made a joke ICO called Useless Ethereum Token. Told everyone not to invest. Still raised more than USD 300k.

    Posted: 06 Sep 2020 10:43 AM PDT

    CZ's view on Binance listing controversial DeFi project SUSHI

    Posted: 06 Sep 2020 02:04 PM PDT

    Microsoft warns digital currency owners to be aware of new malware

    Posted: 07 Sep 2020 03:51 AM PDT

    Bitcoin Is Braced For A Massive Week

    Posted: 07 Sep 2020 03:48 AM PDT

    Crypto Money Laundering

    Posted: 07 Sep 2020 03:43 AM PDT

    Band Protocol Response to SushiSwap Incident

    Posted: 06 Sep 2020 11:53 PM PDT

    U.K. FCA grants e-money license to Crypto-Friendly challenger Bank

    Posted: 07 Sep 2020 03:16 AM PDT

    Crypto Trends 7 September 2020 �� Phase 0 is coming �� Swap cloning �� MetaMask on Mobile + Thanks to the builders ��

    Posted: 07 Sep 2020 02:49 AM PDT

    Latest Week in Ethereum News ��

    Posted: 06 Sep 2020 10:59 AM PDT

    EXCLUSIVE: SBF Speaks Out On DeFi’s SUSHI Saga

    Posted: 06 Sep 2020 03:29 PM PDT

    South Korean government agency to use blockchain-based employee ID system

    Posted: 06 Sep 2020 08:06 AM PDT

    Have you memorized your seed phrase?

    Posted: 06 Sep 2020 09:32 AM PDT

    I had my 24 mnemonic seed phrase written down for about a year before I decided to have a go at memorizing it. Once I had it memorized, I don't know why I hadn't thought of doing it sooner. It didn't take me long to remember (I practiced reciting 6 words at a time. It took me under a week to be able to recite the whole 24 words with confidence, and now I rectite them silently to myself on a weekly basis. And that's coming from someone who hasn't even bothered to learn my own phone number, and I'm always forgetting my postcode!) I've got to say it gives me so much peace of mind knowing that I have a mental back-up to my physical copy.

    I know that relying solely on your memory isn't a good practice, so I want to be clear I'm talking about using your memory as an extra backup.

    Some people will say if you have a physical copy of your seed secured properly, then memorizing it isn't necessary. But surely having an extra backup (in addition to your physical copy) in your head is only a good thing? (Well, unless you talk a lot in your sleep). For example, I remember reading here recently about someone who was unable to access their funds after being stuck abroad longer than he planned due to covid. The same thing has happened to a friend of mine. He has his ledger, but after an update to the firmware he needed to restore his wallet but didn't have his seed with him, meaning he still can't access his crypto (his copy of his seed is still in his condo and he's been away a few months and is a bit anxious about it, even though it's well hidden). Having your seed memorized means it's with you wherever you go, ready in case of any unexpected emergency (especially good for people who travel a lot), and I find that kind of liberating.

    So I'm curious, how many of you have memorized your seed? And if you haven't done so yet, I'd like to encourage you to give it a go! If grandma can, anyone can.

    submitted by /u/crypto_grandma
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    Chef Nomi Transfers Control of SushiSwap to FTX Crypto Exchange CEO

    Posted: 06 Sep 2020 07:13 AM PDT

    Hardware Wallet Comparison

    Posted: 06 Sep 2020 10:17 AM PDT

    Marty Sullivan figured out how the world’s biggest companies avoided billions in taxes. Here’s how he wants to stop them.

    Posted: 06 Sep 2020 08:58 PM PDT
    Read more
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