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    Cryptocurrency Daily Discussion - December 4, 2020 (GMT+0)

    December 04, 2020

    Cryptocurrency Daily Discussion - December 4, 2020 (GMT+0)

    Daily Discussion - December 4, 2020 (GMT+0)

    Posted: 03 Dec 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 The prior exemption for karma and age requirements is no longer in effect.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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    Enjoy your "depreciating asset"

    Posted: 04 Dec 2020 12:41 AM PST

    "Great car OP, I'm really happy for you and all, but if you'd bought something else you could have made more money. May I recommend not buying a car in the future, but maybe a house instead or in fact maybe just keep hodling forever? That's how you maximize profit OP, buying that car was a financially unwise decision. But yeah really happy for you OP, big congrats"

    Don't be that guy. OP isn't a fucking moron, he didn't make hundreds of thousands by being retarded, he obviously didn't buy an expensive car without realising it will lose resale value. You're not adding anything useful, you're not giving solid advice, you're just being really petty. Meanwhile you probably got a gaming rig and a laptop and an android phone all "depreciating in value" while you're sharing this bullshit advice.

    Maybe this one time you bought a $20 pizza, but do you realise if you'd put those $20 into ETH when it was worth $5 you would have had over $2,500 now?! Have you been wiping your ass with 3-ply toilet paper? Yeah should have used your hand and put all those dollars into ETH. You've literally been wiping your ass with thousands of dollars! But yeah congrats, real happy you wiped your ass.

    submitted by /u/Alphagravity90
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    Help, I'm addicted!

    Posted: 03 Dec 2020 11:37 PM PST

    Hi,

    ​

    I've just come to the realization that I'm addicted to cryptos. I open my binance app and spend 100 euros as if it was nothing. Even though it's far above my budget. Like we're not struggling with money but could spend that money on a better place. My wife complains about me "spending" money and I refer to it as investing. It doesn't matter to her. I have great vision that my hodling some day will result in us being able to buy something nice but maybe it's just a distant dream.

    ​

    I spend all my free time watching staples, reading blogs and analyzing data. As to wether or not see if one of my HODLs will bring profit soon or not. I'm obsessed with the idea that my money could grow in a quicker pace than I could hope. With all this said, do you guys know any good shitcoins to dump another 100 into?

    submitted by /u/Izzeheh
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    This family bet everything on bitcoin when it was $900 – and bought more when it crashed in 2018

    Posted: 03 Dec 2020 09:40 AM PST

    In response to the disastrous #STABLEAct being proposed by Rohan Grey, u/coranos2 wrote a great starter letter for US Residents to send to their congressmen. I took the liberty to create it into a notion file so you all can share it, and use it easier

    Posted: 03 Dec 2020 09:31 PM PST

    Pakistan Moves to Legalize Bitcoin as Economy Tumbles

    Posted: 04 Dec 2020 02:48 AM PST

    Spotify to potentially start utilizing cryptocurrencies as a payment method

    Posted: 03 Dec 2020 08:28 AM PST

    CNN Business talking about ALT Coins: " Forget bitcoin. These cryptocurrencies are surging even more."

    Posted: 03 Dec 2020 11:51 PM PST

    S&P Dow Jones Indices to launch cryptocurrency indexes in 2021

    Posted: 03 Dec 2020 06:03 AM PST

    Major transfer of wealth: whales selling to institutions as Grayscale adds 7,188 BTC in 24 hours

    Posted: 04 Dec 2020 02:44 AM PST

    Reuters: Sudden influx of institutional interest in BTC creates a massive flow of coin to North America from East Asia

    Posted: 04 Dec 2020 02:24 AM PST

    Cryptocurrencies Prove Central Bank Models Are Obsolete, Says Professor

    Posted: 04 Dec 2020 03:37 AM PST

    Investors Scramble to Find Regulated Exchanges After Coinbase Drops Margin Trading

    Posted: 03 Dec 2020 05:26 PM PST

    What is the point of Bitcoin?

    Posted: 03 Dec 2020 08:55 PM PST

    From an investment viewpoint, I'm still struggling to understand why the value of BTC may rise.

    The only way I can feasibly understand it is as an analogue to gold: a non-productive asset for storage and maintenance of wealth.

    I've held BTC for almost 4 years and never really understood or seen examples of practical uses for it outside of esoteric explanations given by other Reddit users. Myself nor nobody I know has ever really used it for anything other than buying and holding.

    It's obviously getting a lot of mainstream attention again but again, I'm failing to see it's potential application on a large scale, even by big companies and traditional institutions.

    Can someone please make a case for it? I want to believe it will continue to grow but I need some good reasons why.

    submitted by /u/f-stats
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    PSA: Never copy/paste your private key or SEED on mobile. Any app running can read it.

    Posted: 03 Dec 2020 08:45 AM PST

    200-yr Old Traditional German Bank Set to Launch Crypto Fund in 2021

    Posted: 04 Dec 2020 03:57 AM PST

    CNN suggesting that we forget bitcoin and look at alts!

    Posted: 03 Dec 2020 01:16 PM PST

    Bitcoin Eyes $20K-Breakout as Morgan Stanley Predicts Dollar Crash

    Posted: 03 Dec 2020 11:19 PM PST

    David Schwarts, Ripple CTO, Says 48B XRP Could Be Burned By Community

    Posted: 04 Dec 2020 05:35 AM PST

    What’s the best strategy?

    Posted: 03 Dec 2020 06:37 PM PST

    I started trading this year with about $2400 to start with. I got in on LINK when it was sub $5, and soon had nearly $8k. I tried to make smart trades and before I knew it, I lost all my gains, now I'm sitting at $2200ish in my portfolio. I managed to LOSE money during this years bull run! Selling low and buying high! What do I do, HODL? Which coin? BTC and ETH are most dependable, but I missed their big runs so far.

    Basically, what's your advise to a discouraged noob?

    Thanks In advance.

    submitted by /u/Coconut_Patsy71
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    Ripple CTO says Billions of XRP held in escrow could be burnt in a Majority Vote!

    Posted: 04 Dec 2020 04:50 AM PST

    Grayscale Absorbs $137 Million More in Bitcoin in Last 24 Hours, $12.6 Billion AUM in Total

    Posted: 04 Dec 2020 04:41 AM PST

    What is your worst crypto investment?

    Posted: 04 Dec 2020 04:36 AM PST

    Bought xvg at 0.15 Trx at 0.05 And xrp at 2$ Lmao

    submitted by /u/martinbitter
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    Why Bitcoin and Stocks Went Wild During A Global Recession

    Posted: 04 Dec 2020 05:35 AM PST

    Institutions rushing into $19K Bitcoin as GBTC premium hits 6-month high

    Posted: 03 Dec 2020 11:38 AM PST
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