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    Cryptocurrency Daily Discussion - October 28, 2020 (GMT+0)

    October 28, 2020

    Cryptocurrency Daily Discussion - October 28, 2020 (GMT+0)

    Daily Discussion - October 28, 2020 (GMT+0)

    Posted: 27 Oct 2020 05:10 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 The prior exemption for karma and age requirements is no longer in effect.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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    no stress

    Posted: 27 Oct 2020 12:39 PM PDT

    In its 10-year history, this is the longest time Bitcoin has spent above the coveted $10,000 mark.

    Posted: 27 Oct 2020 10:58 AM PDT

    Exactly 3 years ago we were blessed with the legendary BitConnect ceremony

    Posted: 28 Oct 2020 12:13 AM PDT

    President Trump’s campaign website hacked. Monero demanded as payment for the release of secret documents.

    Posted: 27 Oct 2020 07:31 PM PDT

    Remember THIS during the upcoming bull run

    Posted: 27 Oct 2020 09:37 PM PDT

    I hope this doesn't get lost in the middle of all the meme posts and excitement, but here's a slightly more serious post. Food for thought:

    Be as greedy as possible.

    Remember that this is the most important investment of your lifetime. (it doesn't feel like it because JPowell has been pumping stockmarkets and rampantly printing money to stave off a deflationary spiral). Are you okay with sitting on the sidelines when your stock investments and 401ks lose value in comparison to the hyperinflation occurring in all the real price of necessities? Are you okay with owning only 0.1 btc at a million dollars when you could have bought 1 whole coin for $14k? Even if you think so, know that people vastly overestimate the ability of the government to control and issue money competently. No matter what you do, make sure you own enough crypto to where there will still be food on the table if your government keeps debasing its money. If you want to take a real leap of faith, look at the bubble the stock market is in, the amount of money printed globally without regard for consequence, and realize that there is no future where crypto doesnt gain widespread adoption, then go all-in.

    The next 14 months, you must stare at charts 24/7

    You will not have time to get out there and enjoy life. I'm not a hypocrite because I know in 2017 XRP and XLM both pulled massive rises in btc in short periods of time before retracing and then mooning again, allowing for opportunites of 1000x gains if the timing was right. The price of alts will always swing up or down so you must constantly watch charts especially btc and eth pairs to maximize your profits. Trading properly can change your life forever in an even shorter period of time. I bet most of you aren't actually trading - but you're glued to the charts due to all the excitement from BTC taking off--but hey, you and I both knew it would take off. You MUST grow some balls and you MUST trade. Do not let an altcoin go to ATH in sats without selling. Alts ALWAYS retrace in sats. AlWAYS. And remember, if you fall asleep for too long you could miss a 20% pump that you could follow with trailing stop losses. Stimulants and alarm clocks will be your friend. You can sleep in 2022.

    LASTLY, and by far the most important...

    Family, friends, loved ones should be put on the backburner this year. Theyve listened to you talk about crypto for years now yet wouldnt even invest $20 a week like you begged them to. Fuck em. They will get left in the dust. If your opinion was worth half a shit to them, theyd be by your side right now. They arent, so fuck em. The next year will literally define how the rest of your life plays out. You must not squander a single moment.

    If you're neglecting them and prioritizing staring at the price of your Crypto coins, your priorities should be recalibrated. ANY time focused on family is too much. Nothing matters more than the opportunity to escape a life of wage slavery and Aunt Karen calling you up and complaining to you about how the neighbor is breaking their HOA will do nothing but cause you stress and bring you down. In fact, if you are married or have a girlfriend it might be better to end the relationship now or "take a break" so you can focus for one year on never having to work again. Your wifes boyfriend will appreciate the extra time they get to spend together this year.

    Remember, true wealth is the freedom to choose what you do with your time. This crypto bull run, properly timed trades can put you in a position in which you will never have to work for someone else again. Realize that the rest of your life is worth more than your family, friends, mental health, and sanity for one single year. You can do this, I know I will.

    Thanks for reading and here's to hoping better 2021 than this shit of a bear market!

    submitted by /u/Cryptorich13
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    Remember this during the upcoming bull run

    Posted: 27 Oct 2020 12:05 PM PDT

    I hope this doesn't get lost in the middle of all the meme posts and excitement, but here's a slightly more serious post. Food for thought:

    • Stop being so greedy.

    Remember that this is a fairly risky investment (it doesn't feel like it because we are in a super bull market). Are you okay with losing 60% of your investment? Are you okay with losing 90% of it? Even if you think so, know that people vastly overestimate their ability to handle downturns.

    No matter what you do, make sure that there will still be food on the table if your Crypto investment goes to 0.

    • Stop watching the damn charts and hold

    Get out there and enjoy life. I'm a hypocrite because I spent more time on this sub than I've spent at work today, but the price will swing up or down whether you watch the charts or not. I bet most of you aren't actually trading - but you're glued to the charts due to all the excitement from BTC taking off--but hey, you and I both knew it would take off.

    LASTLY, and by far the most important...

    • Family, friends, loved ones should be the top priority in your life.

    If you're neglecting them and prioritizing staring at the price of your Crypto coins, your priorities should be recalibrated. Nothing matters more than those who give meaning to your life.

    Thanks for reading and here's to hoping better 2021 than this shit of an year!

    submitted by /u/why_dont_we_fuck
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    Guide to Trading Bots: a Stress-Free Way to Make Money on the Crypto-Market

    Posted: 28 Oct 2020 04:23 AM PDT

    Oh my! MicroStrategy's Bitcoin Gains Now Exceeds its 3.5 Year Earnings as a Company

    Posted: 27 Oct 2020 11:45 AM PDT

    Ethereum's network is not all DeFi and Speculation; it is also art, sports, and games

    Posted: 28 Oct 2020 12:18 AM PDT

    JPMorgan stable coin goes live, interbank group renamed to "Liink"

    Posted: 28 Oct 2020 12:18 AM PDT

    Pagi - monetize electrical devices using crypto payments! Pagi brings pay-per-use / pay-per-x to another level. For the first time exact payments are made possible, thanks to the usage of a dlt. Pay according to consumption or usage time - even with a fraction of a cent!

    Posted: 28 Oct 2020 02:59 AM PDT

    How a Decentralized Internet Can Power Latin America

    Posted: 27 Oct 2020 05:04 PM PDT

    IOTA joins Japanese gov’t on blockchain-based maintenance project

    Posted: 28 Oct 2020 03:48 AM PDT

    Tree fiddy

    Posted: 27 Oct 2020 03:52 PM PDT

    Coinbase Goes Down as Bitcoin Approaches 2019 Highs

    Posted: 27 Oct 2020 05:05 PM PDT

    IOTA Joins Project Funded by Japanese National R&D agency NEDO to Build AI and DLT-based Predictive Maintenance System

    Posted: 27 Oct 2020 07:09 AM PDT

    Is it worth holding on to the Coinbase reward tokens?

    Posted: 28 Oct 2020 12:23 AM PDT

    I just completed all those reward tasks on Coinbase and got around £40 in Celo, Compound, Stellar and Maker.

    I'm sure a lot of people just sell them off and buy other coins, but is that a good plan of action? My portfolio currently is 99% Bitcoin and that's where my interest is. Anyone got any predictions for these others?

    submitted by /u/AnthonyDawnwalker
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    Bitcoin Stays Above $10k For the Longest Period in History

    Posted: 27 Oct 2020 11:50 AM PDT

    BTC is sucking liquidity out of every major market, charts show

    Posted: 28 Oct 2020 01:23 AM PDT

    High DeFi yields threatening ETH 2.0 staking participation

    Posted: 28 Oct 2020 12:07 AM PDT

    Something I learned from the last bull run, picking winners in crypto isn't good enough by itself

    Posted: 27 Oct 2020 01:55 PM PDT

    It isn't good enough simply to pick a winner (whether it's crypto or stock), you also need to sell in order to lock in some profit. Since we can't time the top, consider employing a dynamic DCA strategy.

    For example, the people I respect in this ecosystem, create price bands, and then sell a higher percentage of their holdings as the price enters each band. It effectively locks in profit and it's weighted so that you're selling more as the price of the asset rises.

    An easy way to think about this is to create a table, with the bands, and the amount to sell. Divide your total holdings by 15 to get 'x', and then create 5 bands. For example, with BTC I might create a table like this:

    > $90k 1x
    > $100k 2x
    > $110k 3x
    > $125k 4x
    > $150k 5x

    You can create more or less bands as you see fit. The point is to start thinking about this stuff now to avoid making emotional decisions in the future. I'm still accumulating, and it could take 1.5 - 2.5 years for this cycle to peak, but anything can happen and you need a plan to avoid seeing your investments contract 80% when this cycle ends.

    Bitcoin is a winner, but crypto is very cyclical so don't forget to take some profits on the way up!

    submitted by /u/space_pope
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    1000 Days high - BTC breaks 13.6k usd

    Posted: 27 Oct 2020 09:01 AM PDT

    BTC is gaining alot of traction today.

    With everything going on today, Hashrate going down, JP Morgan talk about bitcoin, and just overall appreciation for crypto at the moment, gave BTC a big boost on the trading platforms.

    submitted by /u/DontGiveMeGoldKappa
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    Cred says it is cooperating with law enforcement agencies to bust corporate fraud

    Posted: 28 Oct 2020 04:39 AM PDT

    Where to start learning about Crypto?

    Posted: 28 Oct 2020 04:22 AM PDT

    Hey everyone,

    My interest in Crypto has always been there - but the complexity of it all has somewhat been the factor in never putting in the time to learn about the world of Crypto.. But after seeing my friends interest in Crypto starting to peak, I think it's finally time for me to start learning about it all.

    I'm not looking for some 'get rich QUICK!' tutorial or anything like that. It's more of a curiosity about it all really.

    submitted by /u/donnybooi
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