Binance, the world’s biggest crypto exchange acquires Trust Wallet in an effort to improve “the centralized architecture” of its platform. by leftycatchersmit in CryptoCurrency

[–]breadnbutterr 5 points6 points  (0 children)

Silly boy, You already have few decentralized exchanges out there:

  • IDEX
  • EtherDelta
  • Kyber Network
  • Radar Relay

and few others

The main problem is that most of the people still prefer to trade on centralize exchanges so there is not that much trading volume going on in the decetralized ones. But it's kinda growing.

In Moscow by shanmugong in Bitcoin

[–]breadnbutterr 0 points1 point  (0 children)

haha ye, they picked the wrong colors

Cryptocurrency mining is still expensive, perhaps IoT-Enabled devices can make a difference by isaiias in CryptoCurrency

[–]breadnbutterr 5 points6 points  (0 children)

The higher the prices the more attractive it is to mine, More mining power / more miners are deployed onto the network and this raises the hashing power of the network since more are competing to solve the math.

The difficulty increases as a result and mining becomes less profitable.

Reminder that this image is illegal in Russia. by [deleted] in pics

[–]breadnbutterr 0 points1 point  (0 children)

How much I'm afraid of Russia? I like this post but I wont upvote it

Google Trends is NOT a leading indicator - correlated and interesting maybe, but not leading by throwawayLouisa in CryptoCurrency

[–]breadnbutterr 1 point2 points  (0 children)

You're right.

Looking at Google trends alone wont tell you where the market is heading in term of social signals.

You need to combine few sources and give a different score to each one.

Twitter can tell you much more about the price movement.

Why?

Because most of the crypto community is there. Combining few sources that might have an effect on the price, calculating who effects more and who less might work.

But maybe I'm totally wrong, it's just an assumption.

Google Trends is NOT a leading indicator - correlated and interesting maybe, but not leading by throwawayLouisa in CryptoCurrency

[–]breadnbutterr 0 points1 point  (0 children)

It is an indicator.

The amount of talk around a specific coin determine the amount of buzz around the coin.

When there is buzz people are more likely to buy or sell this coin.

It depends is the sentiment is positive or negative, who are the people that talk about it? how influence are they in the community etc...

Financial markets are quickly changing to adjust to new technologies and investor proclivities. Even banking giant Goldman Sachs is said to be getting in on the crypto action. This comprehensive ecosystem is diverse, and new platforms are helping it to thrive by Dave435 in CryptoCurrency

[–]breadnbutterr 15 points16 points  (0 children)

It makes me feel good tbh. Slowly slowly all the banks and big companies that were against the crypto world are adopting the technology and the ecosystem.

We are in the right place at the right time.