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    Cryptocurrency Daily Discussion - November 11, 2020 (GMT+0)

    November 11, 2020

    Cryptocurrency Daily Discussion - November 11, 2020 (GMT+0)

    Daily Discussion - November 11, 2020 (GMT+0)

    Posted: 10 Nov 2020 04:10 PM PST

    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 The prior exemption for karma and age requirements is no longer in effect.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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    Biden Confirms Crypto-Savvy Gary Gensler Will Lead Financial Policy Transition Team

    Posted: 10 Nov 2020 01:51 PM PST

    Since everyone here is extremely bullish, a word of warning to the many newcomers. Be careful.

    Posted: 11 Nov 2020 04:05 AM PST

    Since there are a lot of new people here, many of whom are clearly new to the crypto space, a word of warning.

    Everywhere I look, on Reddit/Twitter/Youtube I see people are WAY too bullish, which is understandable given the recent pumps. But the market tends to do the opposite of what the majority expect, so it helps to remain sceptical and DYOR.

    We've been going up for many weeks now. If you zoom out to the weekly chart for a bit of perspective, you'll notice even in bull markets we tend to retest previous resistance turned support, and things like the 20 week moving average. In the past bull run we retested it multiple times. Corrections of 20-30% are to be EXPECTED. And we are now also testing an important Fibonnacci level from the 2017 high to the 2019 lows, so be careful and never invest more than you can afford to lose. Stick to spot and DCA.

    I've been in way too many of these hype cycles and got burned a few times myself. So keep your head on straight, don't get too excited, and don't believe everything people say. And remember how fast the sentiment in the crypto space can literally change from one day to the next. Stay safe and zoom out! x

    Weekly Chart: https://imgur.com/WLoOWpA

    Bitcoin fear and greed index has also been on Extreme Greed for a while now. Remember the saying "be fearful when others are greedy, and greedy when others are fearful".

    It could keep pumping to 20k for all we know, but just bear this in mind. I wish people had warned me during the 2017 bull run. Got burned hard. But everywhere I looked there was nothing but positivity.

    submitted by /u/SilverHoard
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    Venezuela Announces Inclusion Of Bitcoin And Litecoin Wallets In Its National Remittances Platform

    Posted: 10 Nov 2020 02:49 AM PST

    �� Infuria is down, Exchanges have disabled Ether deposits and withdrawals. Metamask also affected, balances may be incorrect.

    Posted: 11 Nov 2020 01:35 AM PST

    Yes, Monero Was Attacked... But No, It Was Not "Broken"

    Posted: 11 Nov 2020 02:53 AM PST

    The majority of cryptocurrency traders lose money in their early days of trading, while a large proportion of these never return to profitability. Unfortunately very few take the time to learn the ropes before diving into a market that is more complex than it might first appear.

    Posted: 11 Nov 2020 01:21 AM PST

    Leaked KuCoin Exchange CEO Email To his Staff

    Posted: 11 Nov 2020 01:17 AM PST

    Leaked KuCoin Exchange CEO Email To his Staff

    A leaked email of KUCOIN Exchange CEO Johnny Lyu has been posted on the kucoin subreddit just recently.

    This email contain some updates and information that were were not revealed to the public.

    Source: https://np.reddit.com/r/kucoin/comments/js4egw/leaked_email_from_kucoin_ceo/

    https://preview.redd.it/2f47p785vky51.png?width=1534&format=png&auto=webp&s=42005117ea808bbbba4a907a3aeff1bc9f33d764

    submitted by /u/ScaryUnderstanding
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    Bitcoin Experts Claim Post-Halving Performance Is More Bullish Than Pre-2017

    Posted: 11 Nov 2020 01:19 AM PST

    Russian ‘whiz-kid’ hacker surprises everyone by pursuing stable banking job

    Posted: 10 Nov 2020 10:48 PM PST

    Saffron Finance: SFI a new DeFi bluechip? A very interesting contender in the Decentralized Finance space.

    Posted: 11 Nov 2020 01:15 AM PST

    What saying or phrases do you keep in mind while trading?

    Posted: 11 Nov 2020 01:55 AM PST

    I know there's many, and we probably all know the same most common ones. But do you have any words of wisdom that you keep in mind while trading?

    For me, Peter Brandt said "money is made between the 30 yard lines". It's not about catching the absolute bottom, or selling at the peak. Just because a token has already gone up 10-15%, doesn't mean you can't still ride it up. Or if it's dropped 20% from peak and your still in profit, it's still profitable to sell rather than ride it all the way down.

    Any that have made a real impact on you?

    submitted by /u/frequent__nomad
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    Just got hacked! Lost all ETH and WBTC and USDC and AAVE. Any suggestions?

    Posted: 10 Nov 2020 11:01 PM PST

    I faced an issue with one of the major project's staking mechanism. Posted the query on official telegram channel. Someone impersonating one of the admins by posting his profile pic and same name sent me a link to "Unlock Wallet". The URL looked legit, asked for the private key. It looked suspicious but IDK why I didnt doubt the guy since he "was admin" and maybe I was in a hurry that day but I shared the key.
    I IMMEDITALEY REGRETTED IT but 1 day later the staking issue I faced was resolved and I thought this was a legit operation.

    Today lost all ETH, staked WBTC, staked AAVE, staked USDC.

    I know I made a mistake, I used to tell people to be careful in last 2-3 years but still the dreadful day happened. So what I need right now is not "a lecture" but any possible suggestions.
    I am not in a hurry.

    submitted by /u/insanespiral17
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    Found a full lectures of Prof. Gary Gensler on Bitcoin/blockchain technology(2018)

    Posted: 11 Nov 2020 12:45 AM PST

    After the news popped up, about Gary Gensler joining the financial team of Biden.

    https://www.coindesk.com/biden-confirms-gary-gensler-will-lead-financial-policy-transition-team

    ​

    I started digging around to see what I could find, found these lectures of about 1 hour each, 23 sessions(1 is missing). Haven't had time myself, but if anyone wants to dig around. Whether it is good information for development on blockchain technology or perhaps political ideas for a government issued coin, I don't know. But there is 23 hours of lectures here:

    https://ocw.mit.edu/courses/sloan-school-of-management/15-s12-blockchain-and-money-fall-2018/video-lectures/

    submitted by /u/Rudivb
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    Ripple Executive Says He Lost $300,000 Trading 11 'Completely Worthless' Crypto Assets

    Posted: 10 Nov 2020 02:29 PM PST

    DeFi protocols have the ability to learn, adapt and evolve from each other, which is one of the reasons decentralized finance is moving so quickly.

    Posted: 11 Nov 2020 12:46 AM PST

    Nearly $360M in Bitcoin Moved to Ethereum in October Despite DeFi Cool Off

    Posted: 10 Nov 2020 01:59 PM PST

    Cuba’s exploding crypto interest comes amid an absence of regulation

    Posted: 11 Nov 2020 04:10 AM PST

    I just got my first Moons, guess I’ll be holding them.

    Posted: 11 Nov 2020 12:19 AM PST

    Since every website that I could find required you to be older than 18 years old and I've got a couple years. There's not much that I know I can do with this other than hold it as my first ever Crypto, yay.

    Just find that a bit funny.

    Also, just checked. It's probably best that I just hodl. The moons don't sell for too much since too many people sold off really early. Since I got these moons for practically nothing, it won't hurt at all to hold them and see where it goes.

    submitted by /u/Banana_Lion_Roar
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    Earn Nano from playing Just Cause 2 Multiplayer

    Posted: 10 Nov 2020 09:16 AM PST

    Acting Comptroller of the Currency testifies to the importance of crypto before US Senate

    Posted: 10 Nov 2020 01:37 PM PST

    Ethereum 2.0 deposits at 10% of launch threshold as deadline approaches

    Posted: 10 Nov 2020 11:34 AM PST

    Lebanon Central Bank Plans to Introduce Digital Currency in 2021

    Posted: 10 Nov 2020 06:18 AM PST

    Ergo Unveils Oracle Solution for Cardano (ADA) to Enhance Interoperability

    Posted: 10 Nov 2020 02:41 PM PST

    Lebanon Reveals When it Plans to Introduce Its Digital Currency

    Posted: 11 Nov 2020 02:27 AM PST
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