Cryptocurrency Daily Discussion - November 17, 2020 (GMT+0) |
- Daily Discussion - November 17, 2020 (GMT+0)
- Coinbase goes down as Bitcoin nears 17k
- Former EOS veteran loses faith in EOS.
- Classic coinbase going down unexpectedly (expectedly) when Bitcoin sees even the smallest spike.
- Bitcoin price will hit $65K as network effect has 'taken over' — Mike Novogratz
- Grayscale buys $240 million worth of Bitcoin again
- Game of Thrones’ Maisie Williams Asks Twitter About Bitcoin
- We Bought 50 ACRES to Build a SOLAR POWERED CRYPTO MINING FARM !!
- Liquidity pooling explained
- Bitcoin hits new 2020 high at $16.7K —Traders expect bigger breakout
- Another big player $9.3 Billion wants in. Skybridge Capital to buy Bitcoin
- Gastronomic and Other Wonders of DeFi or Mining: Which One Should You Choose?
- Crypto Community Rejoices as SEC Chairman Steps Down
- Can anyone ELI5 why Bitcoin is better when other cryptos are just built upon that technology?
- ShareRing (SHR) partners with tech giant, Tencent (OFFICIAL)
- We’ve just surpassed $17k guys!!!
- Bitcoin messages that claim Craig Wright is a ‘liar and a fraud’ won’t be heard over fears they may prejudice the jury
- Eth 2.0 Deposit contract is almost at 20% of the 500,000 necessary ether necessary for launch...
- Scaramucci’s Billion-Dollar Mega Hedge Fund Skybridge ‘May Hold Positions’ in Bitcoin
- What are some Altcoins you bought in 2017 that you still believe in?
- The world's largest money transfer service, WesternUnion, is suspending U.S. dollar transfers to Cuba following the latest sanction from the Trump administration.
- Years ago, I paid back debt to a friend with all the btc I had, directly from my exchange to his hardware wallet. Now worrying what if he sold/sells it and IRS thinks its me cashing btc somewhere else for profit?
- Inside the Competition That Will Save Bitcoin From Quantum Computers
- Legendary Technical Analyst John Bollinger Thinks Bitcoin Has Room to Move Higher
| Daily Discussion - November 17, 2020 (GMT+0) Posted: 16 Nov 2020 04:09 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:
To see prior Skeptics Discussions, click here. [link] [comments]  | ||
| Coinbase goes down as Bitcoin nears 17k Posted: 16 Nov 2020 02:29 PM PST
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| Former EOS veteran loses faith in EOS. Posted: 16 Nov 2020 10:35 PM PST I sold everything I had in EOS last week. And I'm not just some random moon kid. I worked for one of the founding BP's, made videos explaining how to register for the genesis block, was featured on EOSRad (before it was sold), and actually was paid in EOS by the BP. Essentially what I'm trying to say is I had DEEP involvement with EOS since about spring 2017, and I've lost all hope it will recover. In my opinion, the first blow came when the arbitration governance failed. It failed because it was poorly thought out, but was needed to prevent BPs from vote buying. If there was an outside entity stronger than the BPs it could keep them in check. Unfortunately what happened was the BPs took power and then with nothing to check their power but votes, the exchanges voting with other peoples deposits used their votes to set up voting cartels that ousted even the best BPs who contributed such incredible value to EOS (EOSNY, EOSCANADA, EOSDAC, EOSCAFE, and more that I'm probably forgetting). Once the BP voting cartels took over, they used the BP rewards as a money printing machine and created sell pressure. Not only that but all the airdrops seemed to create little to no value for either the holders or the projects and many of them died out. At this point, things were salvageable if Block.One came in with their 100m votes and voted back in good BPs and also fixed governance so vote buying couldn't happen. However, Block.One ignored the EOS mainnet problems, and the final nail began to drop, the slow, eroding of the community. Once community started to lose energy, excitement, and eventually hope, the slow death began and is still going on. I don't think EOS will go down in a blaze of flames, instead it'll be a token that slowly goes from a top 10 coin, down to a struggling top 20 coin, then to a depressed top 50 coin, and then into a ghost town top 200 coin. Some people will hold onto the dream but most will leave, just look at bitshares and steem if you want examples of what I believe EOS will become one day. It's extremely depressing to have to face reality, but this is where things have been heading and where they still are. Anyone holding EOS is just eroding their wealth hoping for a dream that will most likely never come. Snap out of your false hope, cut your losses and get out whatever you still can. [link] [comments]  | ||
| Classic coinbase going down unexpectedly (expectedly) when Bitcoin sees even the smallest spike. Posted: 16 Nov 2020 01:42 PM PST Mildly frustrated.... normally I have very few issues with coinbase but it really does seem to have more and more issues. I keep most of what I have on a hardware wallet but it's frustrating to not be able to take advantage of these spikes. Down for a couple hours now [link] [comments]  | ||
| Bitcoin price will hit $65K as network effect has 'taken over' — Mike Novogratz Posted: 17 Nov 2020 02:17 AM PST
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| Grayscale buys $240 million worth of Bitcoin again Posted: 16 Nov 2020 11:55 AM PST | ||
| Game of Thrones’ Maisie Williams Asks Twitter About Bitcoin Posted: 16 Nov 2020 02:13 PM PST
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| We Bought 50 ACRES to Build a SOLAR POWERED CRYPTO MINING FARM !! Posted: 16 Nov 2020 05:13 PM PST
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| Posted: 16 Nov 2020 11:15 PM PST I've seen multiple people trying to grasp how liquidity providers make money, what is impermanent loss, how to pool, etc. I thought it could be of interest to share an eli5 here. To pool in uniswap, you need to provide equal value of any 2 assets. The bigger the pool, the better is the liquidity and the more the pool will be used to transact because slippage will be smaller. Small pool = high slippage (transactions make the price vary a lot) Big pool = low slippage (transactions do not make the price vary a lot) DEX are usually coded to limit as much as possible the slippage, as to give you more bang for your buck. It is for that reason that Uniswap might make you do (random example) eth -> usdt -> link instead of eth->link. The eth-link pool might be small, while the eth-usdt and the usdt-link pools are both massive and you will get more bang for your buck by transacting through those 2 pools. What is impermanent loss. You have given equal value of eth and uni to start with (you pooled eth-uni). Eli5, when people buy uni from you, they give you eth. When people buy eth from you (with uni), you receive uni. Basically you're always accepting the trades because you're providing liquidity. You gain a small amount of fees on every trade, according to your share of the pool. It is basically the same as if you'd sell your uni all along the price rise or buy uni all along the price drop. Since the price has risen a lot, you "sold" a lot of uni to people and gained according eth. Because you sold uni along the way, it is basically like if you sold a bit of uni at 4$, then 4.01, then 4.02, etc. When the price moves too fast, the loss you make by "selling along the way" isn't compensated by the small fees you receive. That is impermanent loss, basically if the price drops back down to when you pooled, you will be winning from the fees. Or if the coin keeps moving and eventually stabilizes and trades for a long time at that price, you will accrue fees that will make up for the impermanent loss. Hopefully it helps. If you don't quite get it still, please post your questions and I'll do my best to get it clearer for you :) [link] [comments]  | ||
| Bitcoin hits new 2020 high at $16.7K —Traders expect bigger breakout Posted: 16 Nov 2020 10:08 AM PST
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| Another big player $9.3 Billion wants in. Skybridge Capital to buy Bitcoin Posted: 16 Nov 2020 12:44 PM PST
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| Gastronomic and Other Wonders of DeFi or Mining: Which One Should You Choose? Posted: 17 Nov 2020 03:45 AM PST The last half of the year was marked by De-Fi projects. Is it worth investing in them or is it better to invest in mining equipment? Hotdogs Are Bad Food for the Wallet The most reliable way to multiply your capital or to zero it is by investing in the De-Fi tokens. The price is often skyrocketing, but it also drops. It is difficult to choose a successful one, especially since there is no strict procedure for verifying tokens, which is great for scammers. The HotDog token was issued on September 2 and rose in price from $5 to $6,200 within 24 hours, and then dropped to almost zero within a few minutes. First come, first serve, eh? Pasta, Sushi – As a Gastronomic Bacchanalia Another way to part with your mined funds is "Profitable farming": the user makes a deposit on the platform in a cryptocurrency, for example, Ethereum. It pays a percentage in the native tokens of the project. Success lies in huge deposit rates. For example, the Spaghetti Money project in the first day of operation allowed users to receive up to 35,000% per annum in bitcoin. BUT! the more users, the less income per each; the cost of tokens falls upon sale, reducing the size of deposit rates; frequent vulnerabilities in the code - a loophole for scammers; the deposited currency can also become cheaper. High Leverage Trading It works like this: The trader gives the exchange $1 as collateral and chooses a leverage with a coefficient of 100 Receives $100 in return, automatically buying cryptocurrency on them And if its price rises by 1%, it receives 100% of the profit; if the asset becomes 1% cheaper, the platform closes the deal and takes both the issued funds and the collateral. If you're not a wizard, you'd better leave this damned financial Hogwarts alone, pick up a pickaxe and dig deeper. Good-Old Boring Mining Mining can guarantee stable development. But in addition to the right equipment and cheap electricity, you should pay attention to the profitability of the pool and its payment model. At CoinFly, we use the most profitable model for miners - FPPS. This is an improved version of PPS + as we pay for each accepted share, based on the average value of the blockreward in the network. Taking into account the current rate with 50 rigs, this is about 6 gh / s, you can earn about $180 per day. Purchasing such a farm will cost you (we assume that we have 250 AMD Radeon RX 480 8 Gb cards) $ 54,000. This way, at the current Ethereum rate, the payback period of the farm will be 12 months. Good luck with your investment! [link] [comments]  | ||
| Crypto Community Rejoices as SEC Chairman Steps Down Posted: 16 Nov 2020 12:12 PM PST
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| Can anyone ELI5 why Bitcoin is better when other cryptos are just built upon that technology? Posted: 17 Nov 2020 04:17 AM PST I'm not knocking Bitcoin, I own some too. But I'm just wondering if you could explain why Bitcoin is superior (other than what it's worth) and why it will be in the future when other cryptos are just built upon what Bitcoin is? It seems to me that Bitcoin will eventually be left in the dust in a few years time when people realize they're dealing with obsolete technology. But if someone can prove me wrong please do for me and everyone else. [link] [comments]  | ||
| ShareRing (SHR) partners with tech giant, Tencent (OFFICIAL) Posted: 17 Nov 2020 04:13 AM PST
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| We’ve just surpassed $17k guys!!! Posted: 17 Nov 2020 04:51 AM PST Another mark checked to the road to $100k. I'm really excited to see the market grow this quick. And it's not only BTC, the price of ETH has jumped above $470 as well. LTC is up with 10% so is Polka Dot. The market is mainly green at the moment. What do you think guys, what will be our next mark on the map? Are we going to see new ATH before 2021? The market is volatile so make transactions only at your own risk. Don't put amount of money that you can't afford to lose. [link] [comments]  | ||
| Posted: 17 Nov 2020 03:55 AM PST
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| Eth 2.0 Deposit contract is almost at 20% of the 500,000 necessary ether necessary for launch... Posted: 16 Nov 2020 04:35 PM PST | ||
| Scaramucci’s Billion-Dollar Mega Hedge Fund Skybridge ‘May Hold Positions’ in Bitcoin Posted: 16 Nov 2020 09:17 PM PST
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| What are some Altcoins you bought in 2017 that you still believe in? Posted: 16 Nov 2020 05:46 AM PST As the market went down, I'm sure a lot of us have recognized that many coins in our portfolio are nothing but trash. However, there are still some active and exciting projects that were also part of the 2017 hype. As I didn't keep track of the developments of each coin, it would be interesting to hear what the community thinks about their Altcoins. What are you still holding, what do you still believe in and why? [link] [comments]  | ||
| Posted: 17 Nov 2020 03:00 AM PST
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| Posted: 17 Nov 2020 04:50 AM PST Years ago, I paid back debt to a friend with all the btc I had, directly from my exchange to his hardware wallet. Now worrying what if he sold/sells it and IRS thinks its me cashing btc somewhere else for profit? [link] [comments]  | ||
| Inside the Competition That Will Save Bitcoin From Quantum Computers Posted: 17 Nov 2020 02:24 AM PST
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| Legendary Technical Analyst John Bollinger Thinks Bitcoin Has Room to Move Higher Posted: 17 Nov 2020 04:29 AM PST
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