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    Cryptocurrency Daily Discussion - October 22, 2020 (GMT+0)

    October 22, 2020

    Cryptocurrency Daily Discussion - October 22, 2020 (GMT+0)

    Daily Discussion - October 22, 2020 (GMT+0)

    Posted: 21 Oct 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 The prior exemption for karma and age requirements is no longer in effect.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
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    Goodbye banks ��

    Posted: 21 Oct 2020 04:08 PM PDT

    PayPal allowing cryptocurrency buying, selling and shopping.

    Posted: 21 Oct 2020 04:38 AM PDT

    Bancor has recently announced the launch of its v2.1 on Ethereum mainnet, aiming to solve impermanent loss, one of the biggest issues with DeFi liquidity pools

    Posted: 22 Oct 2020 01:40 AM PDT

    Satoshi's vision ��

    Posted: 21 Oct 2020 08:10 AM PDT

    My BTC has broken even for the first time since 2017. ☺️

    Posted: 21 Oct 2020 11:40 AM PDT

    Not much to add to the title really, but I am so grateful for whatever caused this pump.

    I found this sub on an old account and really got into crypto, so thanks lads.

    Also this sub was the reason I got my 400 UNI Airdrop, so I would like to thank everyone who recommended Uniswap and for people that educate the community.

    Good luck with your investments lads and stay smart. 🙏

    submitted by /u/alexdemc
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    Investors are More Interested in Bitcoin Than Stocks: TD Ameritrade

    Posted: 22 Oct 2020 02:00 AM PDT

    Dogecoin does more txn/day than Bcash

    Posted: 22 Oct 2020 01:50 AM PDT

    Dogecoin txn/day- around 39k

    BCash txn/day - Around 20k yesterday

    You can notice that Dogecoin has consistently more transactions per day than BCash.

    Bcash was supposed to "flippen" BTC. Instead it's barely 2% of BTC's value today.

    submitted by /u/DetroitMotorShow
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    The FOMOing Has Begun

    Posted: 21 Oct 2020 10:10 AM PDT

    I work at a large national bank. Recently, I've received several calls involving the purchase of cryptocurrency. Even more recently, like 2 minutes ago, I performed a wire for a woman frantically trying to get her money to Kraken.

    All this is to say: prepare yourselves, boys and girls. Strap on on your dildo shaped rockets and cast aside any doubts, our time to dump is near.

    submitted by /u/KryptoniK15
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    This is how much MicroStrategy bitcoin is worth today

    Posted: 21 Oct 2020 10:15 PM PDT

    Publicly traded business intelligence firm MicroStrategy purchased 21,454 bitcoin on Aug 11, 2020, effectively pouring all $250 million of its planned inflation-hedging funds into the digital currency.

    This is how much MicroStrategy bitcoin is worth today

    MicroStrategy's $250,000,000 (21,454BTC)

    Bitcoin fund is now worth $272,723,248 +9.09%

    | Current BTC price: $12,712

    submitted by /u/slywalkers
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    DeFi Reaches $12 Billion in Total Value Locked as Ethereum Transacts 2X More Than Bitcoin Daily

    Posted: 22 Oct 2020 02:22 AM PDT

    PSA: Paypal is a terrible custodian of both funds and personal information. They should never be trusted, with crypto most of all

    Posted: 21 Oct 2020 11:47 AM PDT

    TLDR: Paypal bullied me out of my life savings, and they won't hesitate to do the same to those who can't defend themselves.

    I know that this is a savvy community and that most people here already have access to cryptocurrency if they want it and have no need for paypal's watered down offerings. That said, we are the ones our communities will come to for advice on these matters and I think that despite all the fanfare surrounding Paypal, and despite all the market gains we are seeing due to their move, its extremely important that we remember how incredibly shitty of a company Paypal is.

    I stopped using them around 2012. Around 2010 is when they first bankrupted me. I was still a student, and didn't have much in the way of cash reserves, but what I did have I kept in a traditional checking account. I tied this account to Paypal so that I could sell some things on eBay. Later that year, I went to make a purchase on my debit card and was declined. When I looked at my balance, I saw that PayPal had made a penny perfect withdrawal 100% draining my bank account. They insisted that they would reverse the transaction, but never did. After weeks on the telephone, they mentioned that someone had all my personal information and was using that to continuously access my account. Whether it was an employee or hacker, I still don't know. I closed the account, and my bank account and moved on when it was clear they had no intention of helping me.

    In 2012, I figured they must have worked out their issues, and I again tied my new bank account to paypal so that I could use eBay. Same exact thing happens. About a year after using the service and forgetting about it, a paypal charge comes in clearing my bank account and causing overage fees. I got the same exact run around from customer service there. Nobody would give me any information whatsoever, despite weeks of calling on the phone. Eventually, they told me I was too high of a burden to be their customer and terminated my account, including access to any logs I had not exported. When I told them I needed this information to file my police report, they told me the information would be available only if I judge told them to hand it over - or in other words: "have fun taking this multibillion dollar company with a dedicated legal department to court, asshole."

    Never again, and DEFINITELY NOT WITH CRYPTO. They had the chance to help me, and wouldn't simply because doing so would confirm that they lost control of my banking information. With crpyto, I am sure they would just save time by sending a form letter explaining the immutability of the blockchain.

    If you have a paypal horror story of your own, feel free to share it here or at http://www.screw-paypal.com/ where a great diversity of paypal screwups are on display.

    Please please please, do not let your less knowledgeable friends use this terrible company. Not your keys, not your crypto!

    /rant

    submitted by /u/HashMoose
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    BTC reserves in publicly traded companies up by 25% in less than two weeks

    Posted: 22 Oct 2020 01:20 AM PDT

    https://bitcointreasuries.org/ shows close to two dozen firms with a large number of bitcoin reserves. Currently, the aggregate total bitcoin held in reserves by the 23 companies listed is roughly 785,999 BTC worth well over $10 bill dollars.

    It is close to 4% of the supply, but the growth is what's more impressive here - there were only 13 companies listed with a combined total of 598,237 BTC ($7.6B) or 2.85% of the total supply on Oct 10. Of course, the benchmark isn't that high to begin with, but it clearly shows we have some real dynamics here.

    submitted by /u/robis87
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    #FuckPaypal

    Posted: 21 Oct 2020 10:30 AM PDT

    I'm not hyping up this garbage. They seem to be explicitly removing the word, "withdraw" from their language. That's right. Paypal will own your cryptocurrency, and you'll never be able to withdraw it to or from a private wallet.

    ​

    Don't hype up their bullshit. They're just a cog in the wheel of the regulated illusion of financial freedom, trying to leech off real, public, private money. Don't hype them up. When family and friends ask about it, explain to them how private wallets work and what the point of all of this is.

    ​

    Paypal is not "good" for the environment. Paypal is only "good" for their investors and daddy bankers.

    #FuckPaypal.

    submitted by /u/gremlin0x
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    Danish crypto traders launch EU-regulated hedge fund ARK36

    Posted: 22 Oct 2020 01:30 AM PDT

    Crypto.com - possible data leak before the exit scam?

    Posted: 22 Oct 2020 02:40 AM PDT

    Since like 5 days I have been receiving bitcoin related spam messages to my email address used only for the CRC account. Any other similar issues? This email address is used only for the CRC and nothing else related with crypto. For other crypto services, exchanges etc. I have a separate email account.

    The same post was locked and removed from /r/Crypto_com/ that is the reason why I am posting it here, thank you.

    submitted by /u/adamlm
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    Monero is on the rise on Google Trends again

    Posted: 22 Oct 2020 02:31 AM PDT

    CFTC Issues Advisory Mandating New Rules for Crypto Deposits - You cant suddenly deposit large sums like 10 BTC into a new account anymore

    Posted: 21 Oct 2020 08:05 PM PDT

    Important note for FOMO investors

    Posted: 22 Oct 2020 01:03 AM PDT

    Right now the hype is tickling your dopamin receptors. You can almost feel LAMBO and MOON. Your intuition tells you to YOLO your life savings and ride the cryptowave ATH. You feel like you got it all, and that you are ready to rock, but just remember that the bull climbs the stairs and the bear jumps out of the window. And if the bear jumps out of the window and you get REKT, for God sake don't blame crypto, don't blame the bear, it's just your FOMO-YOLO moment that REKT your ass.

    submitted by /u/Roy1984
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    Investors are More Interested in Bitcoin Than Stocks: TD Ameritrade

    Posted: 22 Oct 2020 02:04 AM PDT

    Boston Consulting Group Says Ripple Tech Often Outperforms Banks, Cites Crypto As Increasingly Relevant in Cross-Border Payments

    Posted: 22 Oct 2020 03:31 AM PDT

    Well.. 13k... alright then!

    Posted: 21 Oct 2020 03:54 PM PDT

    Didn't expect that today. Way to go Bitcoin!

    I always try to temper my expectations, but there's been so much good news lately...

    And with PayPal dropping that out of nowhere... well it's been a nice few days that's for sure.

    Alts must be happy too! I'm seeing a lot of green out there. Don't get caught up in fomo of course, I don't want any of you lovely people going in harder then you can afford. But hey, let's enjoy what we have going on today!

    submitted by /u/no-ok-maybe
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    PayPal finally embraces cryptocurrencies with New York licence

    Posted: 21 Oct 2020 05:35 AM PDT

    Psychological biases that lead to losses in crypto trading and investment

    Posted: 21 Oct 2020 11:41 PM PDT

    Manufacturing FIAT sucks

    Posted: 22 Oct 2020 12:43 AM PDT
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