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

    November 22, 2020

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

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

    Posted: 21 Nov 2020 04:11 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 The prior exemption for karma and age requirements is no longer in effect.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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    Bitcoin Nowadays

    Posted: 21 Nov 2020 04:42 PM PST

    We’ve made it, comrades. We’ve made it.

    Posted: 21 Nov 2020 06:13 PM PST

    Hating XRP is a favorite past time but a 40% gain in one day is insane

    Posted: 21 Nov 2020 03:27 PM PST

    New bitcoin investors discussing a recent 2% pullback with a 2017 ICO bag holder

    Posted: 21 Nov 2020 02:26 PM PST

    The speculation level is falling fast

    Posted: 21 Nov 2020 11:03 AM PST

    Since 2013, I and any intelligent investor with a brain has considered crypto to be "highly speculative". "It will go to a million or zero!", etc.

    So, this begs the question: When and for what reasons will the speculation surrounding the cryptocurrency market as an investible asset class be reduced. Well, certainly longevity, utility and market penetration (ownership) are large categories to be considered when measuring speculative risk.

    However, in this write-up I want to focus on Leaders by Example. For years and years we have heard primarily from individuals and organizations that have had a historical stake in crypto. Of course, Joseph Lubin is going to say that Ethereum is the best invention since the wheel, and of course the Media Company, Cointelegraph is going to have a positively biased stance on all things crypto.

    So, what I've been waiting for is for people and entities of substance to freshly enter the space with either new hard dollars or staking their reputation by recommending crypto to their investors, clients and customers.

    Folks, that has now happened. This list grows by the week, but below is just the few that are on the top of my head of what has transpired just over the past few months.

    These are not YouTubers, these are not OG crypto holder with bags. These are the big boys. The biggest of the boys.

    Playtime is over my friends:

    Financial Institutions

    Fidelity: ( $3.3 trillion in assets under management), Fidelity Digital Assets (FDAS) is part of Fidelity Investments, one of the world's largest financial services providers. They postulate that should investors allocate at least 5% of their portfolio to Bitcoin

    PayPal (The largest bank in the world by customer base {350M}): Now offers crypto purchase and custody (via Paxos) for its customers and recent itBit (Paxos) volume spike indicates PayPal may already be buying more than all the supply of newly issued bitcoin that's available

    Grayscale Investments: has surpassed $10 billion in cryptocurrency assets under management. About $8.85 billion are held in the Grayscale Bitcoin Trust, which now holds more than 500,000 bitcoins (an estimated 3.5% of all Bitcoins). They added $187M of BTC just yesterday. Grayscale also holds similar amounts (in %) of Ethereum.

    Deutsche Bank: Says Investors Increasingly Prefer Bitcoin Over Gold as Inflation Hedge

    BlackRock ( $7.4 trillion in assets under management): CIO- "Bitcoin will take the place of gold to a large extent"

    Visa: CEO – Crypto is a developing part of payments in the world.

    JPMorgan Chase: Analysts say its value could triple, challenging gold

    CitiGroup: Analyst Says Bitcoin Could Pass $300K by December 2021

    Billionaires

    Michael Saylor (CEO of MicroStrategy): Purchased $400M of crypto for his own companies' financial reserves and another $300M for his personal coffers. Total of $.7 Billion.

    **Stanley Freeman Druckenmiller (*****American investor, hedge fund manager): "***Frankly, if the gold bet works the bitcoin bet will probably work better because it's thinner, more illiquid and has a lot more beta to it"

    Ricardo Salinas Pliego (Mexico's 2nd richest man): has put 10% of his liquid assets into bitcoin—arguing it protects from "government expropriation

    Jack Dorsey (CEO of Twitter): Acquired 4,709 Bitcoin (~88M USD), saying Bitcoin has the potential to be a more "ubiquitous currency" in the future

    Paul Tudor Jones (American billionaire hedge fund manager): Paul Tudor Jones calls bitcoin 'the best inflation trade' and is like investing with Apple or investing in Google early. He has placed 2% of his total net worth into cryptocurrency

    submitted by /u/dashby1
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    Every coin has its day (especially for XRP holders, kudos to you!)

    Posted: 21 Nov 2020 04:50 PM PST

    We made it guys, crypto is mooning!

    Posted: 21 Nov 2020 07:16 AM PST

    Me getting dressed to go to work when theirs moon farmers making 9k a month from shit posting on Reddit

    Posted: 21 Nov 2020 03:05 PM PST

    Crypto trading

    Posted: 21 Nov 2020 09:16 PM PST

    3 years and 15 market crashes later

    Posted: 21 Nov 2020 07:42 AM PST

    Throwback to when Doge sponsored a Nascar entry in 2014

    Posted: 21 Nov 2020 08:55 PM PST

    ∞ Dollars

    Posted: 22 Nov 2020 02:41 AM PST

    Don't forget to flex on your families at Thanksgiving

    Posted: 21 Nov 2020 09:03 PM PST

    Almost that time again bois.

    Posted: 21 Nov 2020 05:52 AM PST

    Finally time to buy the dip

    Posted: 22 Nov 2020 12:50 AM PST

    How I feel after the past couple weeks

    Posted: 21 Nov 2020 08:03 PM PST

    Paypal Bought 70% of All Newly Mined Bitcoin Last Month as Demand Rockets

    Posted: 21 Nov 2020 01:40 PM PST

    How Crypto Non Believer Over the Years Be Acting in a Bull Market

    Posted: 21 Nov 2020 05:29 PM PST

    Staying above 20K is all that matters

    Posted: 21 Nov 2020 07:58 AM PST

    Whelp.. nothin to do now but learn how to trade I guess, right?

    Posted: 21 Nov 2020 10:34 PM PST

    Rubic Finance - A multichain DeFi platform that you should definitely look into (marketcap less than $1m)

    Posted: 22 Nov 2020 02:39 AM PST

    Hey all!

    So firstly, I want to start by saying I'm not trying to shill anything here but just want people to do their own research and have a look. I've a small bag but the more I look into the project, the more potential I see in it. Would love to hear other people's opinions on the project if they're familiar with it! I've posted here before and gotten great feedback on projects previously (some of which I went on to get quite large bags of that have done me well).

    The project is Rubic Finance; they have a working Multichain DeFi platform which has the potential to rival the likes of Uniswap. The exchange is fully functional and instant trading is due to be launched next week combined with an aggressive marketing campaign. The price has seen a steady uptick this week in anticipation of instant trades and their new marketing campaign but I think it has potential to grow a hell of a lot more (marketcap is still less than $1m).

    Please DYOR but I'd love to hear people's input also.

    Rubic organizes DeFi services to enable a project to create, manage and trade tokens decentralized in ONE PLACE.

    Working product

    • Rubic P2P trades is a decentralized P2P platform. Instant trades will be released next week.
    • Try here https://rubic.exchange/
    • For Ethereum, Binance Smart Chain, Matic blockchains

    Rubic P2P Trades Features

    • An option to lock liquidity allows projects to withdraw their liquidity before the trade is closed. This ensures the security of the users' funds.
    • Ability to make crowdsales. Up to 10 investors are admitted to participate on each side.
    • No volume limits, you can set any acceptable price and terms.
    • No need to list tokens, you can start trading immediately after creation.
    • Brokerage fees can be directly selected and set percentage, it is convenient for all, and brokers can get their commission.
    • Public/Private deals. Each trade has its own link and can be easily shared with other participants.

    You can create a token and manage it - https://rubic.finance/

    Experienced team

    • The team released several crypto projects since 2017 such as:

    MyWish platform — the leading platform for Smart contracts contracts builders for 6 blockchains (NEO, Ethereum, TRON, EOS, RSK, and WAVES) supported by Binance, Tron, Okex, Neo and others.

    Rubic coin (RBC) on etherscan: https://etherscan.io/token/0xa4eed63db85311e22df4473f87ccfc3dadcfa3e3

    submitted by /u/budw1ser
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    Are you ready after all?

    Posted: 22 Nov 2020 12:13 AM PST

    I still don’t feel ANYTHING. (A.k.a. 2017 PTSD)

    Posted: 21 Nov 2020 10:23 AM PST
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