Thursday, July 11, 2019

[Daily Discussion] Friday, July 12, 2019

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[Altcoin Discussion] Friday, July 12, 2019

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  • This is for high quality discussion of altcoins. All shilling or obvious pumping/dumping behavior will result in an immediate one day ban. This is your only warning.
  • No discussion about specific ICOs. Established coins only.

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UPDATE 1-Trump blasts Bitcoin, Facebook's Libra, demands they face banking regulations

The U.S. Financial Stability Oversight Council, a panel of regulators that identifies risks to the financial system, is also expected to make a review. Hours earlier on Thursday, Trump criticized large technology companies at an event at the White House, who he said treated conservative voices unfairly. The Internet Association, a trade group representing...

* More Details Here


[Daily Discussion] Friday, July 12, 2019

Thread topics include, but are not limited to:

  • General discussion related to the day's events
  • Technical analysis, trading ideas & strategies
  • Quick questions that do not warrant a separate post

Thread guidelines:

  • Be excellent to each other.
  • Do not make posts outside of the daily thread for the topics mentioned above.

Other ways to interact:


[EVENT] John McAfee Works On Bitcoin in Cuba

Following John McAfee's entry into Cuba, the government has been allowing him to his own devices. Even after a clearly failed Presidential Election whose campaign motto was "Do not vote for me," the Republic has been warn to this man.

This man hasn't been the best to Cuba.

Within the first week of arriving on June 23rd (after his "cruise ship was 'sabotaged'") he demanded that Cuban officials escort him to destinations as "CIA agents were attempting to assassinate him." Despite Cuban Internet Laws, John McAfee bypassed this and posted on twitter public updates about himself, his surroundings and even some images of Cuban Government officials.

In early-July, he got into a fist-fight with a plain-clothes Cuban Police Officer who was questioning John McAfee's plans in Cuba. He presumed him to be a CIA spy. It reflected extremely poorly but was kept hidden from the Cuban public and world-wide.

Once he was brought to the higher estates in Cuba, he had become more politically active. He criticized and opinionated almost every Cuban Law, almost trying to encourage it in ways that Batista once reigned but he was almost always ignored.

Now, he was finally being asked to do what he came to do.

Working with the Ministry of Economy and Planning, specifically Minister Alejandro Gil Fernández, John McAfee started to work with existing founder BitcoinCuba Fernando Villar. Their first step was education.

"Cuba’s new mission is to inform average Cubans and the small tech community about the use of digital currencies like Bitcoin. Cubans have much to gain from using this currency and technology, especially now that they are in a position to leapfrog current financial and telecommunication infrastructures."

They offered another, realistic alternative that the currency could be used for, such as international transactions. "Cubans are not using credit or debit cards and most do not have a bank account. Bitcoin and blockchain can serve the needs of the unbanked, including entrepreneurs and individuals on the island. For instance, an entrepreneur in Cuba can offer their goods or services and get paid for it by a customer any where in the world instantly. A family wanting to send money to relatives in Cuba, using Bitcoin, would now have a method that is faster and cheaper than ever. This will take some time to be a reality but it’s already happening around the world. IT does not even have to be specifically bitcoin but another cryptocurrency that is more stable if their concerns are transfer times."

This is a reference to how quickly the bitcoin market numbers changes.


The Ministry also did reach out to Google, finally picking them up on their offer to expand faster internet services and specifically faster web-page speeds. John McAfee himself asked a favor of Google of "expanding Google Fiber across the island."

The Ministry has stated that they are willing to make a loan to pay it back in full. La Presidenta was initially unable to verify this statement but soon backed it.

Besides working with Google, massive educational campaigns expand around the island, even ranging to America's Gitmo Bay to properly teach the people on cryptocurrency and its benefits. "Think of it as another way to get income, an unregulated stock program that the Government is willing to back."


[Daily Discussion] Friday, July 12, 2019

Thread topics include, but are not limited to:

  • General discussion related to the day's events
  • Technical analysis, trading ideas & strategies
  • Quick questions that do not warrant a separate post

Thread guidelines:

  • Be excellent to each other.
  • Do not make posts outside of the daily thread for the topics mentioned above.

Other ways to interact:


LOEX Global 7.12 market: Bitcoin high adjustment, whether there is a trend of 28 conversion

https://i.redd.it/ottyzwktas931.png

Yesterday's trend has started to run around the key point of 11500 and the indicators are repaired. The high point goes to 12000, the low point is around 11100, the trend of thousands of points, the mainstream currency is once again collectively deep, this is a strong wash, of which BCH Both EOS and EOS have fallen by more than 10%.

Partial entry of institutional funds did not lead to the imitation of retail investors, resulting in insufficient market capital growth. When it smells a sign of falling, the short-term profit-seeking institutional funds immediately leave the market, causing this wave of digital currency to collectively dive. In the case of Bitcoin's 24-hour decline of more than 10%, BCH, BSV and other forked coins that are close to Bitcoin fell 18% of the price.

Bitcoin remains at a high of $11,500, a pretty good gain from the $3,000 range at the beginning of the year. However, if this plot develops, the rest of the digital currency will be basically finished. Institutional investors make money by bitcoin, and small money exchanges other currencies for bitcoin losses, which is tantamount to completing a wave of harvest in disguise.

From the situation in 2019, digital currency players are more sensible and have signs of speculative shifts to investment. Bitcoin and stable currency are becoming important investment targets, and both institutions and funds are more biased towards the two. On the one hand, it is also a good news, because the securities market has experienced a similar step-by-step process in the early days. And in the past, the investment market has gone through the way of the 28-year conversion.

Now the bitcoin market is in a high position adjustment. As long as the long-term holders of the currency are in a good state of mind, they are not afraid of the bull market adjustment. The short-term investors can make the market faster and faster with the shock. The market may also be similar to the two-eighth conversion to guide the small currency to rise. It is recommended that the currency of the bottom-selling is limited to EOS, BCH and other major currencies such as EOS and BCH.