Cryptocurrency Daily Discussion - November 19, 2020 (GMT+0) |
- Daily Discussion - November 19, 2020 (GMT+0)
- Nearly 25,000 Bitcoin Address Were Created in Just One Hour
- Co-workers, Parents, strangers are once again asking me about bitcoin.
- Trump Nominates Crypto Supporter to Serve as the Head Bank Regulator for 5 Years
- Comparing perpetuals liquidity across exchanges
- Evidence that this bull run is nothing like what we've seen before
- How Interoperability is Becoming the Hottest Topic in DeFi
- Bitcoin’s Blistering Run Cools but Investors Continue to Pour In
- The safest crypto wallet is no longer hardware
- Cointelegraph to auction digital collectibles inspired by famous works of art
- OKEx to resume cryptocurrency withdrawals on November 27
- What's your favourite CoinGecko feature?
- Why hasn't Ethereum kept track with BTC?
- 73% of millionaires invested or plan to invest in cryptocurrencies, survey reveals
- Cardano (ADA) Introduces Beefchain Track and Trace Solution for the Beef Market- Certainly, The Steaks are High
- Dollar Loses to Euro as Payment Currency for First Time in Years
- A dive into Grayscale
- Cryptocurrency Investors Will Be Part Of The Greatest Wealth Transfer In The History Of The World ������
- To all the alt hodlers out there in despair!
- Binance files US lawsuit against Forbes and two cryptocurrency journalists
- having a hard time purchasing crypto in canada help please.
- Someone Just Made a $47,000 Mistake With Bitcoin
- Someone hacked a prominent dota 2 streamer's computer, got access to their twitter, youtube, etc. and changed their names to justin sun tron
| Daily Discussion - November 19, 2020 (GMT+0) Posted: 18 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]  | ||
| Nearly 25,000 Bitcoin Address Were Created in Just One Hour Posted: 18 Nov 2020 09:53 AM PST
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| Co-workers, Parents, strangers are once again asking me about bitcoin. Posted: 18 Nov 2020 05:57 PM PST Has anyone else noticed the large influx of people finding you the "crypto savy" guy, I have probably had 5 coworkers and multiple family members asking me about it now that the price is going up. Its kind of mind-numbing seeing as how I have been trying to inform them near the lows. I love explaining bitcoin to people but HOW can I possibly better explain Ethereum and everything as a whole, I approach the "platform" Vs program approach with ethereum and try to compare it to JAVA for them to have the slightest idea of what im meaning, but maaaan do I feel like im confusing the shit out of people haha, I am a lover of BTC but I also want to teach people about Ethereum. What are your guy's SHORT pointers to draw someone to crpyto without accidently breaking the dam of 10 minute ramblings explaining smart contracts and blockchain consensus lol. I do my best to steer people away from random shitcoins. Thanks Gents. [link] [comments]  | ||
| Trump Nominates Crypto Supporter to Serve as the Head Bank Regulator for 5 Years Posted: 19 Nov 2020 01:13 AM PST
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| Comparing perpetuals liquidity across exchanges Posted: 19 Nov 2020 02:04 AM PST Anyone looking to get into/out of BTC perpetuals positions - we just built this page which gives a "combined order book" view, comparing prices and available volumes across 4 different exchanges: https://coinlobster.com/combined.html/ - it's interesting to see how much prices can still vary across exchanges at any one time! [link] [comments]  | ||
| Evidence that this bull run is nothing like what we've seen before Posted: 18 Nov 2020 10:32 AM PST
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| How Interoperability is Becoming the Hottest Topic in DeFi Posted: 18 Nov 2020 05:06 PM PST
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| Bitcoin’s Blistering Run Cools but Investors Continue to Pour In Posted: 19 Nov 2020 03:10 AM PST
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| The safest crypto wallet is no longer hardware Posted: 18 Nov 2020 02:09 PM PST
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| Cointelegraph to auction digital collectibles inspired by famous works of art Posted: 18 Nov 2020 07:50 PM PST
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| OKEx to resume cryptocurrency withdrawals on November 27 Posted: 19 Nov 2020 03:36 AM PST
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| What's your favourite CoinGecko feature? Posted: 19 Nov 2020 02:48 AM PST The CoinGecko website has lots of features from price alert to redeemable candies and more. We want to hear from you on what your favourite feature is and why. Also, are there any features you're interested in seeing on CoinGecko in the future? [link] [comments]  | ||
| Why hasn't Ethereum kept track with BTC? Posted: 19 Nov 2020 02:39 AM PST I am looking at the charts, and the only trend ETH follows is downwards, while upwards, ETH seems to just stall around 500 or when it comes close just crash back down... Any ideas on why this is? I have been looking at altcoins, and it makes sense that less known ones won't be as successful as BTC, but it's really bothering me that ETH, the second-best isn't as successful as its older brother... [link] [comments]  | ||
| 73% of millionaires invested or plan to invest in cryptocurrencies, survey reveals Posted: 18 Nov 2020 04:26 AM PST
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| Posted: 18 Nov 2020 07:17 PM PST
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| Dollar Loses to Euro as Payment Currency for First Time in Years Posted: 19 Nov 2020 03:44 AM PST
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| Posted: 18 Nov 2020 05:57 PM PST For those of us that have been around since and before Q4 of 2017, the feeling is all too familiar. It's nearing the end of the year and holidays, and bitcoin is roaring. I remember BTC hitting ATH December of 2017, and the glorious alt season that follows. About a month after the 2017 BTC ATH, ETH hit it's all time high. I have no doubt in my mind BTC is going to touch prior ATH and surpass it, but I'm left wondering if history is going to repeat itself when it comes to ETH. To me, this time, it's a little different. What's different this time is a lot of institutions are buying and holding bitcoin, but I also note they are doing the same to other crypto currencies. I like to closely follow Grayscale, one of the, if not the largest digital asset managers. They have been on a buying frenzy increasing their holdings. They then turn around and package securities together to sell on the OTC market "enabling investors to gain exposure to BTC in the form of a security while avoiding the challenges of buying, storing, and safekeeping BTC directly." How they work, in simpler terms, is they sell you a share in a trust of your choice. If you hold 1 share in the bitcoin trust, trading at $19.64 today at closing, you would own about 0.00095236 according to latest information. Doing simple math of Bitcoin at about $17,800 today, you're at just under $17 in value held per share. There is a slight price differential, but the share prices following the BTC market, BTC goes up, share prices go up. Grayscale currently offers the following trusts, with varying AUM, or assets under management. I've summarized them below sorted by AUM: $9.2B USD AUM - Bitcoin trust (GBTC:https://grayscale.co/bitcoin-trust/) $1.2B USD AUM - Ethereum trust (ETHE: https://grayscale.co/ethereum-trust/) $76.5M AUM - Etherum Classic (ETCG: https://grayscale.co/ethereum-classic-trust/) $59.7M AUM - Litecon (LTCN: https://grayscale.co/litecoin-trust/) $45.6M AUM - Bitcoin Cash Trust (BCHG: https://grayscale.co/bitcoin-cash-trust/) $10.2M AUM - Zcash (https://grayscale.co/zcash-trust/) $7.6M AUM -XRP (https://grayscale.co/xrp-trust/) $2.4M - Horizen (https://grayscale.co/horizen-trust/) $1.2M - Stellar Lumens (https://grayscale.co/stellar-lumens-trust/) Why does it matter to you and I? AUM is indicative of the demand of amateur investors (what we call normies) and what trust they're buying. It's also important to note they hold abut 2.69% of the total cap of BTC (as of 3 days ago) and 2% of all circulating ETH (10-15-20) Out of all their offerings, I am a holder of both BTC and ETH, and the past month has been really exciting. BTC has had a run up from about $12k usd to $18K usd, or a 50% run whereas ETH has had a run from about $380 to $480, or 26% run, same period. I also continue to keep a close watch on the AUM by Grayscale, at least on a quarterly basis. What is extremely interesting about the timing for ETH is the the 2.0 launch process where it will move from POW to POS and it is set to kick off on December 1, 2020, to which a staking will be required before it proceeds. As time of writing 104,288 ETH has been staked compared to the 524,288 ETH needed, deficit of about 420,000. You can check progress here: https://launchpad.ethereum.org/. The staking commit deadline is 7 days before December 1, or 11-24-20, which is literally less than a week from today. With the Uniswap liquidity mining rewards that just ended November 17, it is speculated that at least some of the ETH may move into the staking. However, I have not seen much movement in the ETH 2.0 staking yet, it leads me to believe the newly freed up ETH could be on hold for the next yield farming opportunity. Also we can count Grayscale's 450,000+ ETH out of that equation, they are held in a trust. However, Grayscale is closely following ETH 2.0. In an article that was published by Cointelegraph, https://cointelegraph.com/news/eth-2-0-represents-a-material-risk-to-grayscale-s-ethereum-trust-says-sec-filing, Grayscale recognized the upcoming change from POW to POS asa risk by stating the following in the latest SEC filing "A digital asset network's consensus mechanism is a material aspect of its source code, and any failure to properly implement such a change could have a material adverse effect on the value of ETH and the value of the Shares". All in all, the upcoming 7 days will be interesting and exciting for BTC and ETH. Will there be a rise in demand as people scramble for ETH to stake for 2.0 before the deadline, will we meet the 524,288 ETH staking needed to launch 2.0? What will BTC do, will it break prior ATH in the next 7 days? It's certainly possible given the history (IIRC it was 6 days). Just sharing some interesting look as a holder of both BTC and ETH, and someone who has been following Grayscale all year as they acquire massive assets in the crypto space. I am currenly contemplating how I adjust my core BTC and ETH holding accordingly. I am green on both, but I think ETH has ways to go and may rise higher (% wise) in the upcoming days, which would lead me to move some allocation from BTC to ETH. Disclaimer: Not offering investment advice. I'm just an enthusiast who have been a big follower of Grayscale and how they introduce crypto to the normies but would love to hear thoughts from other enthusiasts invested in both BTC and ETH and also other assets currently offered by Grayscale's trusts. What are your thoughts on their role in the cryptocurrency market, do you welcome them or do you have reservations? [link] [comments]  | ||
| Posted: 18 Nov 2020 04:49 PM PST
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| To all the alt hodlers out there in despair! Posted: 18 Nov 2020 05:30 PM PST Yeah it's hard hodling alts, BTC mooning (kinda) people all bullish AF hyping crypto and singing about lambos and the moon. But you're here, bag of alts, no BTC in sight, contemplating the fact that you may have screwed it all up. Maybe my alt will go to zero? Shit I'm selling, my alt is trash? Screw alts all in on BTC? If you have had these thoughts, remember this, you are not alone, reach out and we can help you recover. Don't bin your bag. The stronger the hand, the harder it is to hold. Alters in arms. [link] [comments]  | ||
| Binance files US lawsuit against Forbes and two cryptocurrency journalists Posted: 18 Nov 2020 10:31 AM PST
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| having a hard time purchasing crypto in canada help please. Posted: 18 Nov 2020 10:40 PM PST so I used to use coin base but I cant any more for some reason, coin base said they no longer support my Mastercard, something to do with the last few digits, I cant through binance anymore also and my credit card company said that binance is rejecting it. I opened a PayPal account to purchase on coin base to find out u cant buy on it. anyone know of a place that is east to purchase with a credit card Its been a 2 week long headache. any help is much appreciated thanks! [link] [comments]  | ||
| Someone Just Made a $47,000 Mistake With Bitcoin Posted: 18 Nov 2020 12:27 PM PST
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| Posted: 18 Nov 2020 11:17 PM PST |
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