Cryptocurrency Daily Discussion - November 6, 2020 (GMT+0) |
- Daily Discussion - November 6, 2020 (GMT+0)
- Bitcoin is about to break into the Top 20 assets by market cap.
- Are you waiting for the alt season? Read this.
- IMPORTANT: Things to expect in the next 1-4 years for this bull run in crypto ecosystem, centralized exchanges, etc.
- My Story: How I Went from Unemployed, $27k In Debt to Crypto Rich (Not Without Losses)
- First regulated bank to launch Tezos staking
- Funny to see bitcoin this high, yet my portfolio isn't even ¼ of what it was in 2017
- Update: Don't buy Bitcoin on Bitcoin.com, bait and switch tactics.
- I finally broke even!
- What crypto projects are actually solving real world problems
- Trump supporters threaten to withdrawal all cash from banks in retaliation if he loses the election.
- Fed calling for more stimulus is 'code for buy Bitcoin,' says Winklevoss
- If the US Voted With Blockchain, We'd Already Know the Election Winner
- This feels nothing like late 2017.
- Fidelity Digital Assets plans to hire over 20 engineers in the coming months to improve bitcoin custody services and build products to "support the ecosystem."
- US Government now a BTC holder with $1B Silk Road seizure
- Crypto trading platform Bybit's branding to appear and feature alongside soccer club Borussia Dortmund
- Iran Adopts Bitcoin for International Trade Amid Heavy Sanctions, Falling Rial, Soaring Inflation
- We crushed 15K guys!!!
- Square reports $1.63 billion in bitcoin sales for the third quarter via its Cash App
- 97% of Bitcoin Addresses Now in Profit Due to $15,000 Price Rally
- Team of Disney, EA, Ubisoft veterans using Enjin Platform to bring 3 new games to the blockchain
- Avoid over sharing how much crypto you hold to others during the hype
- Interview with Pteria DAO, the project behind PTERIA token?
- If you could go back in time, what token would you tell your past self to buy?
| Daily Discussion - November 6, 2020 (GMT+0) Posted: 05 Nov 2020 04:12 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]  | ||
| Bitcoin is about to break into the Top 20 assets by market cap. Posted: 05 Nov 2020 05:01 PM PST | ||
| Are you waiting for the alt season? Read this. Posted: 05 Nov 2020 08:23 PM PST
Hey! I've been taking a look at the charts again, this time to (try to) analyze what alts do when Bitcoin is on its way to break the ATH and realized something. Alt season starts AFTER Bitcoin has reached and surpassed its all time high. But first let's go back to 2013. Bitcoin reached an amazing milestone of $1,100 per Bitcoin (although it crumbled immediately after just like in 2017-18). We had to wait four long years, but in January 2017 Bitcoin touched again the $1,100 level and two months later, in March, surpassed it. What were alts doing in the meantime? Nothing. Alts were sitting there watching Bitcoin shine grabbing the headlines for months… but then, the magic happened. In this picture you can see what Bitcoin did during the first months of 2017, how it hits $1,100 two times during the first months of the year. And in the next links you can see how some of the most important alts by that time behaved during that time. (The red arrow points at the moment Bitcoin surpassed $1,200). XRP – Ethereum – Litecoin – Monero – Stellar – Augur – Dash – Factom – Golem – MaidSafeCoin – NEM – Steem If this is supposed to mean something, we can expect an alt season short after Bitcoin breaks its current ATH of $19,500. According to my sketchy calculations, we should be watching something exciting when Bitcoin moves between $22,000 and $30,000. I know, at this moment you're calling me an idiot because as everyone knows, "Past performance is no guarantee of future results". And while this is objectively true, we can't overlook the fact that there is something cyclical in Bitcoin's nature. Bitcoin comes in waves and each wave stablishes a new ATH. This is also objectively true. So if you hold heavy alt bags and are jealous of what Bitcoin is doing these days, maybe it's not a good idea to sell right now. History is in favor of those who wait… at least until today. [link] [comments]  | ||
| Posted: 05 Nov 2020 03:43 PM PST
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| My Story: How I Went from Unemployed, $27k In Debt to Crypto Rich (Not Without Losses) Posted: 05 Nov 2020 06:14 PM PST I was encouraged to put my story on here, though I don't think the story is that dramatic. I think my story is similar to many other men and women out there who lucked into discovering Bitcoin somewhat early, but not early days early. Be Me: 35 year old New York resident. Unemployed. Drawing a US$450 per week benefits check from the NYC government. Trying to pay the rent. Making just enough to pay the rent, buy some booze, and buy apple sauce and pork chops and cottage cheese for dinner three nights a week, the rest is pizza slices and, when I land a freelance gig, which I don't report to the government, a full week's worth of groceries. I also sometimes rent out my apartment on Airbnb, and in one case got really lucky with a Japanese girl who stayed with me for a week. But that's another story. Maybe for another sub. Well, anyway. I hear about bitcoin in 2013 when I am doing a story for Fast Company magazine. Some founder of a company tells me about it, tells me that some guys in San Francisco were actually giving away bitcoins, and didn't I think that was weird? Who wants money you can likely only use in video games? I don't play video games? Funny money. Weeks go by. Months go by. Things get really dicey financially, I end up deeper in debt. I think we are around 23k in the hole at this point. Look, I'll stop right here to say, you are right, poor financial decisions. My parents did not teach me finance. I didn't take finance in high school, even though it was required, because I moved the year before we had to take it in the city where I grew up. I just bought things, because I wanted to keep up with the Jones's and because in New York, if you want to get laid, you have to buy people drinks, buy them dinner. Wear nice clothes. I didn't consider myself the bohemian hipster sort, who thrived on being poor. I was poor, but I didn't think I deserved to be poor. So one day, someone hooks me up with a great job, and they move me out to Silicon Valley to work on a startup. And it's there that I start hearing more about the context of bitcoin -- decentralised, or something like it; algorithms that do the work, unhackable security. It starts to sound cool. It's 2015 by now, so I'm still in debt, because I have to buy furniture for the new place. I have to buy a car. So, on top of my credit card debt, I have to also pay a lease, which I count as debt, which puts me at around 27k. I get into a relationship, she starts paying my bills. I start buying bitcoin, a little at a time, until at one point I have like 24 bitcoins. Unfortunately, we broke up, and she demanded I pay her back for all the debt she paid for me. That, and she wanted me to pay her back for a couple of vacations we took together. I didn't want to, but a voice inside of me told me I should, so, just as I was ready to buy more bitcoin, I had to sell some, and used some of the earnings to pay off her demands. Did it suck? Oh, that was horrible. I hated her for it. I had to do it, though, because what happens next is where it gets interesting. So, I'm still in debt, I quit my job, and take a new job at an even bigger company, even better salary, but I have to move again to a new city. Fine. I sell the car back to the dealer, just as the lease got paid full. I don't get anything back, maybe a check for like US$450 or something, which I blow on gas for rental cars and my deposit for the new apartment. Still in debt. I start to buy more bitcoin, and then, I get fired. So, now I have about 12 bitcoin left, then seven. And I am taking unemployment again, and I start drinking again, sleeping with hookers, smoking weed. I start really hating myself. Now, I don't think money brings you happiness. I think spiritual things do. I think prayer and meditation and knowing yourself does. But, I am a recovered addict, and a drinker. I turned to things like sex and booze to comfort me. To medicate me. But I told myself. Don't sell the bitcoin. This was 2016. I kept feeling like, maybe they are right, maybe this thing is going to moon. I am starting to hit bottom though. I call my dad up and invite him to an NFL playoff game. He says yes, but then doesn't take the flight to see me. I wait at the airport. I bought him the ticket for the game. I scalped the tickets. He never even explained why he didn't come. I didn't bother to ask. so, at this point, I drink some more. I fuck some more. I wake up one morning at three a.m. and decide, "I'm done with this American life. I'm moving." I bought a ticket for Asia. I flew there a month later. I work for nothing for an old friend. She gives me a room to sleep in on the grounds of a university campus, illegally. I'm basically squatting. My monthly freelance checks at this point can help me buy some sandwiches in the morning, and some pizza and some asian takeaway at night. Plenty of coffee. But, I keep working. I can't get any alcohol because the professor who put me up tells me if they find it around the room they will throw me out. I somehow get clearheaded. I start looking for work online through Facebook posts and twitter. I find this team doing a token ICO, and I beg them, charm them, convince them to let me be a market advisor. Everyone is doing it. They give me a ton of coins. They moon, suddenly, all of my bills go away. I use it to buy more Bitcoin. Bitcoin starts mooning like crazy. I didn't sell right away, but I sold about half of what I had and then suddenly I have enough to pay off my credit cards and all of my debt, including, as it turns out, an old bill from tuition that I never paid at my university, which finds me through an email and just won't stop hassling me. at this point, I am starting to see the light. I start praying, I start asking God, or whatever it is, to hel me figure out how to make this work. I go to Bali one weekend, because I can now afford a plane ticket, and I need a break. While I'm there, I meet this girl, who tells me that I'm the perfect person to work with this company she knows, and I should call the guy. I call him. He hires me in a week. I'm suddenly making six figures again. I meet a girl a few months later, I cash out of my bitcoin. I think this is around 2018, but I keep like 2 bitcoin. The profits paid for: My credit card bills -- I am now zero debt for the past two years A redecorated and refurbished apartment -- it's owned by her father, who gave it to us because We got married, and I paid for the wedding So, what's the moral of the story? Bitcoin doesn't get you clean from drugs or alcohol, only a higher power or your own will power can do that. I am still an addict. I can pick up a drug or drink at any time, and it can all go away tomorrow. But Bitcoin did show me something that I don't think is related to finance or money. It showed me that something new can still be created in a world that seems like it's the same old thing, the same old trap, day after day. Bitcoin gave me hope. I think the hope is what helped me focus enough to make the money and manage the money the way that I do today. What do I do these days? Things I didn't feel capable of doing before. I buy vacations for my in laws and my wife and I. I pay the bills every month. I buy the groceries. Folks, this is really simple shit. But five years ago, I was literally on the floor of my NYC apartment, scratching itches caused by bedbugs, rolled up in a fetal position asking God why I am poor, why I am not successful. Truthfully, it had nothing to do with the money. It was the mindset. Bitcoin gave me a few months of light, so that I could see clearly, and the rest is my history. I wish the same and better for all of you. [link] [comments]  | ||
| First regulated bank to launch Tezos staking Posted: 06 Nov 2020 02:53 AM PST
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| Funny to see bitcoin this high, yet my portfolio isn't even ¼ of what it was in 2017 Posted: 05 Nov 2020 02:01 PM PST For the people that were here since 2016 or before and probably not the first one to tell but the alts are at such a low level compared to the last time bitcoin was at this price. NEO was around 75$, Ethereum was around 800$ and so on. Anyone else remembering those days? [link] [comments]  | ||
| Update: Don't buy Bitcoin on Bitcoin.com, bait and switch tactics. Posted: 06 Nov 2020 12:18 AM PST This is a follow up post to my post here: I decided to try again, after realizing that Bitcoin.com utilizes three providers for their "instant' bitcoin buys. Moonpay, Simplex and Cex. My initial post was completed using Moonpay, which is the actual bait and switch operator, not Bitcoin.com itself. Bitcoin.com is still culpable, but the actual sketchiness is done by Moonpay. Using Simplex or CEX works as it should. There is a fee, but that's the price of paying with a credit card. Whatever you do, if you're using Bitcoin.com to buy Bitcoin, don't use their Moonpay option or you'll be misled. You can use the other 2 payment processors. Hope this brings some clarity, fair is fair. [link] [comments]  | ||
| Posted: 05 Nov 2020 09:10 AM PST I bought bitcoin during the bull run in 2017. Shortly after I bought it went up and up... And then dropped to quite low. Everyone said to just sell and call it quits. But I HODL'ed and now I finally broke even. Having diamond hands paid off...or will pay off. Crypto is the future IMO. Even if you lose money in the short term, you will make money in the long run. Happy HODLing [link] [comments]  | ||
| What crypto projects are actually solving real world problems Posted: 06 Nov 2020 03:22 AM PST I just want your opinion about such projects which are actually going to solve real world issues. I have been out of touch for a while with crypto so would love some feedback from you guys. Also in more than 10 years of crypto I have yet to see the real world adoption of these crypto projects on a large scale. Why are we not progressing? Is it because the 'General' public /businesses doesn't trust crypto or what? It's just baffling to me Or is it that most projects just want their coins to increase in price rather than actually doing something revolutionary? Sorry it seems like a rant but I need someone to tell me about some projects which are actually going to help the world in the long run. [link] [comments]  | ||
| Trump supporters threaten to withdrawal all cash from banks in retaliation if he loses the election. Posted: 05 Nov 2020 04:06 PM PST This is trending on twitter and seems to be spammed on Trumps latest posts on Twitter. Their goal is to destroy the banking sector of the country and possibly hurt Biden's run as President. Would this really be a threat to the economy? Theoretically this could happen but what would be the effects? I could see a worldwide strike like this amid the growing wealth gaps of the disappearing middle class just fed up with the system. What do you think? What would this do if they actually did this? How would this affect crypto? [link] [comments]  | ||
| Fed calling for more stimulus is 'code for buy Bitcoin,' says Winklevoss Posted: 06 Nov 2020 01:42 AM PST
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| If the US Voted With Blockchain, We'd Already Know the Election Winner Posted: 05 Nov 2020 08:00 AM PST
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| This feels nothing like late 2017. Posted: 05 Nov 2020 08:54 PM PST We have institutional adoption which means a flip from viewing btc as a scam to its acceptance at the table of globally valued assets. However, retail adoption is still thin on the ground. I'm thinking this inflow of cash to btc is all just crypto degens who have been waiting 3 years for this which means this will run out of steam and crash back down. Institutions are simply not going to FOMO. I'm no bear, Just been burned sooo many times.... [link] [comments]  | ||
| Posted: 05 Nov 2020 12:08 PM PST
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| US Government now a BTC holder with $1B Silk Road seizure Posted: 06 Nov 2020 03:08 AM PST
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| Posted: 06 Nov 2020 04:34 AM PST
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| Iran Adopts Bitcoin for International Trade Amid Heavy Sanctions, Falling Rial, Soaring Inflation Posted: 05 Nov 2020 05:33 PM PST
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| Posted: 05 Nov 2020 08:08 AM PST
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| Square reports $1.63 billion in bitcoin sales for the third quarter via its Cash App Posted: 05 Nov 2020 01:22 PM PST
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| 97% of Bitcoin Addresses Now in Profit Due to $15,000 Price Rally Posted: 05 Nov 2020 07:57 AM PST
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| Team of Disney, EA, Ubisoft veterans using Enjin Platform to bring 3 new games to the blockchain Posted: 05 Nov 2020 04:32 PM PST
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| Avoid over sharing how much crypto you hold to others during the hype Posted: 05 Nov 2020 09:56 PM PST It's easy to want to tell your friends, relatives, internet people how much you crypto you hold, have realized, or have made. When the market is hot, so are the scams and those that try to steal your funds. Beware of posting screenshots with sensitive info, have your private key exposed, etc.. Ya ya most people know this here, but this is when larger volumes of first time crypto buyers enter the market. [link] [comments]  | ||
| Interview with Pteria DAO, the project behind PTERIA token? Posted: 06 Nov 2020 02:19 AM PST
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| If you could go back in time, what token would you tell your past self to buy? Posted: 06 Nov 2020 02:17 AM PST Now that the prices of BTC and ETH are on a major rise I'm sure there are people out there who regret not buying it earlier. Are there any other tokens besides these two that you regret not buying earlier? And what tokens do you think future you will regret not buying? [link] [comments]  |
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