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Updated: 16 hours 27 min ago

Daily Discussion, March 16, 2018

Fri, 03/16/2018 - 06:00

Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!

Daily threads are fast paced! If you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.

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Your price screenshots and repetitive submissions are being removed, so please stop submitting them!

Please check the previous discussion thread for unanswered questions.

submitted by /u/rBitcoinMod
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Bitcoin: If you cant handle my 20% drops, You don't deserve my 600% gains.

Fri, 03/16/2018 - 05:11

Bitcoin: If you cant handle my 20% drops, You don't deserve my 600% gains.

submitted by /u/incetivepro
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PSA: Xapo will freeze your bitcoin and demand documents AFTER you have deposited (self.Bitcoin)

Fri, 03/16/2018 - 03:57

Hi, I just wanted to echo the sentiments of this fine fellow and tell you that XAPO is not to be trusted and will freeze your funds with no warning once you reach a certain transaction threshold (somewhere around 10k). They will then demand social, ID, a credit card statement (the entire thing!) before they release your funds. They told me there was "no way" around any of this. I don't care that much bc I haven't done anything illegal so I just sent them the info but I won't be using them again due to this scummy tactic. I just wanted to post a friendly reminder to anyone in this subreddit who uses them.

2nd story like mine and who provided the title to this post"


submitted by /u/WootOwl12
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Trade, but don’t panic, and don’t panic trade.

Fri, 03/16/2018 - 01:45

It is not undeniable, but it is true nonetheless: The Tokyo whale changed market sentiment as even bad news from china in September couldn’t. Market sentiment and price were massively, if not madly, inflated anyway, and when they took the hit from his sales, it broke major trendlines. Now, the argument that those lines shouldn’t have broken is moot. The price will not magically recover, as none of its previous recoveries have been magic. The price move up last year was based on sentiment regarding an unbroken upsloping double-exponential trendline feeding itself, and now it is broken and so the market can no longer inflate based on it. For crypto, speculation has been a bigger driver than actual tech, and the now-negative sentiment from now-negative speculation has to play out. One the greatest trends in history has just been broken, and such a rise dictates a reasonable response, if only out of respect. But don't fear for the market long term! Unlike every other bubble in history, crypto has proven antifragile time and again over its short life, able to bounce back as only a true Saiyan can. It is only the bubble of sentiment that has popped, and were the worst to play out and BTC bears down to the high from its previous bull run, it would still be up more than 400% from the low of its most recent bear run, and still up some million % over the last decade. At the bottom of any bear run is still blockchain fundamentals, the technology, that is the greatest innovation since the computer and electricity before that.

submitted by /u/diadlep
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Fear and Greed, Necessities for Reversal?

Fri, 03/16/2018 - 00:20

So I was thinking again about the dichotomy of fear and greed (in both directions) in large scale market dynamics, of which I am certainly ignorant, lol. IMHO, to end a FUD trend without waiting for a full market cycle, it’s got to get to the point where people are FOMOing in. This means they must both think it is a good price AND think it is a price that may not soon be beaten. People will resist a good price, even if they love it, if they think the price might go a bit lower. This is the greed aspect of market dynamics, as opposed to fear, and to get a bounce (IMHO), greed must be abandoned for fear.

Am I willing to bet my entire stake in cryptocurrency on the market going up much higher than where we’ve been? Yes, else I would not be trading such a risky investment. Do I think this is a great price? For right now, I definitely do. So why have I not bought back in long? Because I am not yet scared of missing the boat going up. I still fear a lower price at least as much as I fear a higher price, and I am still greedy for a lower price as well. When the fear of and greed for a lower price are both overcome by FOMO, that’s when the market reverses. And if that never happens successfully, that is when the market bears. So where would it have to drop to in the next few days for it to be a reasonably unbeatable price? Me, at the price we’re at I am already satisfied, but I’m also still afraid of a drop. At 6.8 though I will be very happy to get such a low price, and for 4.5 I’d sacrifice someone to satan to buy in. For now.

submitted by /u/diadlep
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Aside from the identity of Satoshi Nakamoto, what is the biggest mystery surrounding Bitcoin?

Thu, 03/15/2018 - 23:40

I’ve always found it utterly fascinating that something which may potentially change the world was created by somebody that we may never know the name of. (Inb4 Hal) Pretty cool.

Besides this - what are some other creepy, cool, mysterious and all round interesting facts and stories surrounding Bitcoin and crypto in general?

Anyone here from the early days of Bitcointalk?

submitted by /u/uacGALACTIC
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