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    Tuesday, December 8, 2020

    Cryptocurrency Daily Discussion - December 8, 2020 (GMT+0)

    Cryptocurrency Daily Discussion - December 8, 2020 (GMT+0)


    Daily Discussion - December 8, 2020 (GMT+0)

    Posted: 07 Dec 2020 04:08 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 The prior exemption for karma and age requirements is no longer in effect.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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    Millennials Are Twice As Likely To Buy Bitcoin Than Gold As Safe-Haven Investment

    Posted: 07 Dec 2020 06:01 PM PST

    CoinGecko Looks to Overtake CoinMarketCap With Huge Uptick in Traffic

    Posted: 07 Dec 2020 08:05 AM PST

    Biden Administration Likely to Embrace Crypto to Make US More Competitive: Circle CEO

    Posted: 07 Dec 2020 07:04 AM PST

    If you were phished, you gave away your crypto. They werent hacked or stolen.

    Posted: 07 Dec 2020 09:11 AM PST

    That might sound like a harsh take but hear me out before you downvote me to oblivion.

    When new people come into this space and see all the posts about how coins got hacked and stolen. They are immediately going to lose faith in crypto. Crypto is already a foreign concept to most people and getting "hacked" is another scary term that most people dont understand. I have had conversations with multiple real life people regarding crypto currency getting hacked and that they dont trust owning it themselves because they could just lose it all one day. We have all seen the headlines. The average person doesnt know what private keys are, and how crypto is basically unhackable.

    Your Bitcoin/Ethereum wallet cannot be hacked. I think We should stop using this terminology when people lose access to their coins, because it's counter productive and scares new people away from the space. When we could be educating people on how not to get phished instead.

    submitted by /u/Chyeadeed
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    Following the launch of Bancor v2.1 and the announcement of BNT liquidity mining, the total value locked (TVL) increased 5X from $15M to over $85M, driving a 300% increase in weekly swap fees generated by the protocol

    Posted: 07 Dec 2020 11:13 PM PST

    MicroStrategy Raising $400M to Buy More Bitcoin

    Posted: 07 Dec 2020 01:25 PM PST

    Facebook's renamed cryptocurrency is still 'wolf in sheep's clothing': German Finance Minister

    Posted: 07 Dec 2020 08:21 AM PST

    Spain’s Second-Largest Bank Will Soon Launch Crypto Services: Sources

    Posted: 07 Dec 2020 03:41 PM PST

    Apple Co-Founder Steve Wozniak's Recently Launched Token Skyrockets 1500% in Days

    Posted: 07 Dec 2020 04:54 PM PST

    MicroStrategy will issue $400 million in securities to buy more Bitcoin

    Posted: 07 Dec 2020 06:28 PM PST

    Word of advice from a seasoned filthy casual

    Posted: 07 Dec 2020 10:08 AM PST

    Lot of new people here, so I wanted to pass on a few quick tips. As stated I'm a filthy casual, but I feel that I have enough credentials to pass advice along. 1) I made my first crypto purchase for $50 of bitcoin in April of 2014. 2) I've been semi-active/lurking on this sub since around that time and even won one of the 3 ledgers given away in the 100k subscriber contest. 3) I have HODL'd this entire time.

    With that out of of the way, here is my advice:

    1) Do invest weekly/bi-weekly/monthly even if it's just small amounts.

    2) Don't worry about what everyone else is doing, in terms of how much money they have and are able to invest. You do you, whether you are investing small because that's all you have, or if you are investing small because this is new technology, it's confusing and you want to start small while you learn.

    3) Be Careful, you will lose your money in a heartbeat. Real people have lost real money on this fake internet money everyday. Scam after Scam after Scam. Errors and Typos. Lost Wallets. Hang out on this sub long enough and hopefully you hear enough horror stories to scare you straight. If you have money in Crypto, you should be worried. You should have a heightened level of awareness around everything you do.

    4) Avoid small transactions. When I first started out, I was amazed by the fact that I could take $100, but it on an exchange and purchase $1 worth of 100 different Alt Coins. I might as well have taken that $100 and flushed it down the toilet. Most of those purchases went down in value until they were official defunk, then the coin was removed. Some are still there but there is no way for me to pull the money out due to fees.

    5) Despite number 4, don't put all your eggs in one basket. I don't care how much research you think you have done, you really don't know anything about what's gonna happen to the value of these coins. Have your safe stable of coins holding the majority of your funds, but also have some fun and throw a few dollars at something new or exciting. Most fail, but the ones that pay off usually make up for it and you get to say that you knew about it first.

    6) As they say, not your keys = not your crypto. There have been so many online exchanges that have gone under. If you take a little time off from watching the market, it feels like you blink and you're money is gone because the exchange is gone. Or the exchange decided not to deal with your coin anymore. Hard wallets are coming down in price, invest in one.

    That's my ramble. Thanks for reading

    submitted by /u/4_jacks
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    Ransomware Gang Demands $34 Million in Bitcoin from Foxconn

    Posted: 07 Dec 2020 05:17 PM PST

    Monero had 118.65 times as many transactions hiding the sender, receiver, and amount in November than Zcash

    Posted: 07 Dec 2020 12:51 PM PST

    Grayscale Bitcoin Survey Reveals More Than 50% of US Investors Are BTC Hungry, Clear Crypto Regulations May Onboard More

    Posted: 07 Dec 2020 09:59 PM PST

    Buy High, Sell Low

    Posted: 07 Dec 2020 05:20 AM PST

    March 2020 (bitcoin at $3800):

    • Nobody wanted to buy
    • Folks were predicting $1-2k price
    • Fear was at new highs

    December 2020 (bitcoin at $19,244):

    • Everyone wants to buy
    • Folks predicting $100k+ price
    • Greed is at new highs

    Really ironic and comedy to most, but this is the reality. At $3800, people are still not buying and looking for more dip, and majority are shouting that it is the end of bitcoin.

    Fast track to December, the opportunity to scoop cheap bitcoin is no longer present, and yet everyone wanted to join the bandwagon and extremely bullish to even predict a six digits as the next all time high.

    Just another proof that it's the best to be an "opposite" investor doing the exact opposite of what the majority is doing.

    submitted by /u/Roy1984
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    Cryptopia Account Recovery Limbo!

    Posted: 07 Dec 2020 08:21 PM PST

    Cryptopia Account Recovery Limbo!

    So finally Cryptopia sends me an email with the liquidation proceedings but they made it almost impossible to answer any 2 questions from this list. How could someone know what the answers to these could be without having access to their account?

    https://preview.redd.it/2fio7wsx3w361.png?width=901&format=png&auto=webp&s=af62f1785257ab89049c804943d00244298731a8

    Also there doesn't even seem to be a decent way to contact them about it.

    submitted by /u/sharatdotinfo
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    Apple co-founder Steve Wozniak's crypto token takes off—but you can't buy it in the US

    Posted: 07 Dec 2020 07:11 PM PST

    You Can Now Buy Tesla, Apple, Google and Nine Other Tokenized Stock on Bittrex Global

    Posted: 07 Dec 2020 03:59 AM PST

    Singaporean Gov Launches the Blockchain for Trade & Connectivity Network, Partners With The BSN, VeChain Founding Blockchain - SG Government Media Release

    Posted: 07 Dec 2020 06:16 AM PST

    Ethereum becomes a new darling of institutional investors

    Posted: 07 Dec 2020 05:46 AM PST

    82% Higher Volume, Market Cap Setting Yearly-High, Resurgence of DeFi and more - Coingecko November Report

    Posted: 08 Dec 2020 04:19 AM PST

    MicroStrategy Announces Proposed Private Offering of $400 Million of Convertible Senior Notes

    Posted: 07 Dec 2020 02:11 PM PST

    Libra Association’s rebrand to Diem faces possible legal challenge from London-based startup

    Posted: 08 Dec 2020 01:35 AM PST

    SBI's digital asset branch and SIX exchange plan joint crypto venture

    Posted: 08 Dec 2020 03:34 AM PST

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