https://ift.tt/2HWowlK
Submitted December 01, 2020 at 10:37AM
The threat to Bitcoin that no one is talking about.
There have been two trends related to Bitcoin that pose a serious security threat to Bitcoin's longevity:Bitcoin's value proposition transformation from digital money to digital gold (reserve asset/collateral).Externalization of transactions to other blockchains (wrapped bitcoin tokens) and/or centralized digital custodian services like Paypal.To put it simply, the long-term security of Bitcoin protocol's depends on the value of transacting directly within the Bitcoin network. The lack of significant scalability of layer 1 along with trends that effectively reduces and diminishes the value of directly transacting in the network can be catastrophic in the long run. Every bitcoin that is externalized to Ethereum, Paypal and others is being indefinitely frozen in its native protocol. The remainder is being used more and more as a reserve asset and collateral. This is not good folks, and we cannot pretend it is not happening or that it is insignificant.Bitcoin's security economic incentives were not designed for it to be a reserve asset and have transactions externalized to other systems. Ultimately if this trend is to be reversed the network needs to scale at layer 1 and/or the utility value of transacting natively must increase - there are no tangible propositions to realize either in the foreseeable future. Another solution would be to change the consensus mechanism and/or monetary policy. Eventually something must give, but for now it is entirely up in the air.
Submitted December 01, 2020 at 05:04AM
Submitted December 01, 2020 at 05:04AM
This guy has created a totally random Ethereum based betting platform using his Hampster to power marble races
https://www.youtube.com/watch?v=ZH4jqS53TXE
Submitted December 01, 2020 at 06:29AM
Submitted December 01, 2020 at 06:29AM
Coinbase Reports Delays in Processing Bitcoin Withdrawals Due to Network Congestion, Everyone Shocked.
https://ift.tt/3fT8wgN
Submitted December 01, 2020 at 06:07AM
Submitted December 01, 2020 at 06:07AM
U.S. Intel Official: We "Cannot Allow China to Dominate" Digital Currencies
https://ift.tt/3fPvTI8
Submitted December 01, 2020 at 02:27AM
Submitted December 01, 2020 at 02:27AM
Daily Discussion - December 1, 2020 (GMT+0)
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 December 01, 2020 at 07:12AM
Submitted December 01, 2020 at 07:12AM
Monthly Skeptics Discussion - December 2020
Welcome to the Monthly Skeptics Discussion thread. The goal of this thread is to promote critical discussion by challenging popular or conventional beliefs.This thread is scheduled to be reposted on the 1st of every month. Due to the 2 post sticky limit, this thread will not be permanently stickied like the Daily Discussion thread. It will often be taken down to make room for important announcements or news.Rules:All sub rules apply here.Discussion topics must be on topic, i.e. only related to skeptical or critical discussion about cryptocurrency. Markets or financial advice discussion, will most likely be removed and is better suited for the daily thread.Promotional top-level comments will be removed. For example, giving the current composition of your portfolio or stating you sold X coin for Y coin(shilling), will promptly be removed.Karma and age requirements are in full effect and may be increased if necessary.Guidelines:Share any uncertainties, shortcomings, concerns, etc you have about crypto related projects.Refer topics such as price, gossip, events, etc to the Daily Discussion.Please report top-level promotional comments and/or shilling.Resources and Tools:Read through the CryptoWikis Library for material to discuss and consider contributing to it if you're interested. r/CryptoWikis is the home subreddit for the CryptoWikis project. Its goal is to give an equal voice to supporting and opposing opinions on all crypto related projects. You can also try reading through the Critical Discussion search listing.Consider changing your comment sorting around to find more critical discussion. Sorting by controversial might be a good choice.Click the RES subscribe button below if you would like to be notified when comments are posted.To see prior Daily Discussions, click here.-Thank you in advance for your participation.
Submitted December 01, 2020 at 07:12AM
Submitted December 01, 2020 at 07:12AM
Firefly - IOTA’s Next Generation Wallet
https://ift.tt/2KOnTLX
Submitted December 01, 2020 at 01:37AM
Submitted December 01, 2020 at 01:37AM
WE DID IT ALL TIME HIGH! next stop MARS!
i cant believe the journey this has been, congratulations to all the holders and thanks you for the sceptics, we couldn't have done it with out you... to all the newbies, welcome to the sub, this ride is just starting, try to enjoy every bit of it and HODL... next stop its the planet of mars, and then beyond....
Submitted November 30, 2020 at 09:53PM
Submitted November 30, 2020 at 09:53PM
Except for the "network effect" obviously still lacking, is there any more scarce, more fast, decentralized, scalable coin than NANO ? It looks like the perfect digital gold on top of being a superior e-cash
Could you give an opinion about NANO?I've tried NANO and found the UX simply amazing. It seems to exactly match with the definition of an instant P2P payment system, with sub-second transfer and no fee. Something looking more like the email and probably how cryptocurrencies should always behave.I also heard that release after release, they achieved +1,000CPS of parallel transactions, which sounds fair in comparison with the mainstream centralized systems (Visa, MasterCard, etc). This is made possible via its "blockchain of blockchain" architecture, making any transaction "independent" from the global network before it is relayed under a proof-of-voting algorithm.The feeless architecture also integrates a smart anti-spam and adjustable "micro PoW". And the result is rather interesting : 2 million times less energy than the most popular crypto, for 1 trx ! In practice, this preventive measure seems to work effectively by discouraging spammers; There is no "cat & mouse" playing here and therefore, no need to significantly increase the threshold for that "micro-PoW". The simple awareness that it is adjustable made all spammers fleeing.NANO was totally pre-mined and fairly distributed all around the word. It's supply is fully circulating, with a strong atomicity of holders (whales don't roam as with competitors). NANO seems to have achieved decentralization without having run intensive & useless PoW.In a way, it is also scarcer than Gold, the most famous crypto, diamond, all combined as it is certified having 0% inflation (a proof of burning was released online and audited).The WeNano community keeps growing. I've tried the app and was stunned by the thousands of spots posted on the word map. You simply have to walk around and collect NANO in the range assigned by the "spots" or you can equally distribute some NANO everywhere you want in the world.Nano seems also a perfect option for gambling and would be fit for the extremely fast and probably micro-payments requirements of IoT.The only bottlenecks I'm aware of is marketing, but is is rapidly changing with the growing community (tweets rising exponentially , Reddit, etc) and their WeNano app, a real game changer.I also hear about "network effect" of the no 1 crypto, but this can't last forever, would you have an even more scarce crypto.. not talking about more efficient e-cash.Last comment : I also found that the crypto world is full of haters for V2.0 revolutionary concepts like NANO. Is it part of a desperate attempt from the "old new elites" to protect their "not so decentralized" heavy bags? There are billions centralized out there, with highly concentrated mining too.. is it not a threat to the prosperity of such network, seen from the angle of the majority? Can't NANO be called the currency from "we-the-people"?Any opinion is welcome. Thank you
Submitted November 30, 2020 at 08:40PM
Submitted November 30, 2020 at 08:40PM
Respected Financial Historian Calls for Bitcoin Integration into U.S. Financial System
https://ift.tt/3fMP2ua
Submitted November 30, 2020 at 04:38PM
Submitted November 30, 2020 at 04:38PM
How much of your wealth is in crypto?
I'm 27, unemployed, and living in a country I can't legally work in. I have 80% of my money invested in this. Its not much anymore.I started putting money into various coins around march 2020 while I was employed and have since made the money I invested triple. And have since resorted to using it for bills.Degenerate gambler reporting in. Albeit marginally successful.Using coingecko, reddit posts, without any experience in any financial market other than the black market, and avoiding ico shitcoins I've managed to pay by bills, fix my teeth, and eat.Down to my last 1500 usd.Time to Yolo for the bills.Stonks are fucked, fiat is kill.BullgangEdit: thanks for the award. That makes this my most successful post to date. Lol. Thank you for the support.
Submitted November 30, 2020 at 04:25PM
Submitted November 30, 2020 at 04:25PM
Pizza Hut Venezuela Now Accepts Crypto Payments
https://ift.tt/2JskUs9
Submitted November 30, 2020 at 04:06PM
Submitted November 30, 2020 at 04:06PM
Former Goldman Sachs Exec Raoul Pal Now Going All-in Crypto
https://ift.tt/3qd4lkH
Submitted November 30, 2020 at 04:16PM
Submitted November 30, 2020 at 04:16PM
Niall Ferguson, most respected financial historian alive: Rather than seeking to create a Chinese-style digital dollar, Biden should integrate Bitcoin into US financial system (full piece)
https://ift.tt/3mlJIk4
Submitted November 30, 2020 at 02:53PM
Submitted November 30, 2020 at 02:53PM
Warning about buying BTC with Moonpay
If you're looking for a way to buy Bitcoin, I suggest that you avoid Moonpay and go with someone more reputable.I submitted a buy order for Bitcoin on Friday (for only 250USD) using Apple Pay.They contacted me sayingThe last order failed as you have not verified your Apple Pay payment card as per our request. We have asked you to upload a photo of you holding your physical card registered with Apple Pay next to your face and a screenshot of your Apple Pay page showing the last 4 digits of the card number and the Device Account Number.IMO this is crazy. They want a selfie of me holding the card and giving up the full card info. Apple Pay protects the customer by masking your details, so this completely bypasses the privacy protection. They also don't mention how they store your data.... this could turn into another Ledger database hack.After I didn't provide this information, they then cancelled my buy order, missing the price increase. Thanks, Moonpay! (not).Beware.
Submitted November 30, 2020 at 03:12PM
Submitted November 30, 2020 at 03:12PM
I am now bald, thanks to bitcoin
I wish it was a parody post but it isn't.So back in September 2018 I had a nice thick luscious head of hair. Fast forward 2 years and after all these ups and downs and FUDs and bears I now have nothing but a gray toilet bowl rim of frail wiry hair left.But I still HODL, not on to my hair though!
Submitted November 30, 2020 at 02:09PM
Submitted November 30, 2020 at 02:09PM
No coiners buying BTC off holders in 2025
https://ift.tt/2oZUClP
Submitted November 30, 2020 at 10:03AM
Submitted November 30, 2020 at 10:03AM
"We are living through a monetary revolution so multifaceted that few of us comprehend its full extent." || Bitcoin Is Winning the Covid-19 Monetary Revolution ||
https://ift.tt/2JnrAb7
Submitted November 30, 2020 at 08:00AM
Submitted November 30, 2020 at 08:00AM
$275bn+ Hedge Fund Guggenheim Considers $500 million Bitcoin Investment The investment firm could invest up to $500 million of investors’ cash in the cryptocurrency.
https://ift.tt/3q7widT
Submitted November 30, 2020 at 09:25AM
Submitted November 30, 2020 at 09:25AM
Visa CEO Alfred Kelly: ‘We Are Very Interested in Cryptocurrencies’
https://ift.tt/3o7ffXh
Submitted November 30, 2020 at 05:21AM
Submitted November 30, 2020 at 05:21AM
"Bridge' has millions of players worldwide, Jelurida is putting it on the blockchain
https://ift.tt/37nuRPE
Submitted November 30, 2020 at 07:33AM
Submitted November 30, 2020 at 07:33AM
Where to start if you are looking to invest 1k a month in crypto?
Finally graduated and making enough money to invest. I'd like to set aside roughly $1k a month into crypto. This is money I'm alright with loosing but would love if it have a chance of making money down the road. Where would you start if you were new to crypto for basic knowledge and investing strategies/advice? Thanks for the help!
Submitted November 30, 2020 at 05:05AM
Submitted November 30, 2020 at 05:05AM
Pizza Hut to accept crypto in all its stores in Venezuela
https://ift.tt/33tq3Hw
Submitted November 30, 2020 at 03:27AM
Submitted November 30, 2020 at 03:27AM
Enormous Bitcoin Whale Unloads Crypto Wallet in $386,000,000 Transaction
https://ift.tt/3qdR0IP
Submitted November 29, 2020 at 07:19PM
Submitted November 29, 2020 at 07:19PM
Exchange with good API support that allows U.S. citizens to trade?
Hello,I've decided to try and use my programming skills to (hopefully) make me some monies through algorithmic trading of cryptocurrencies. Originally I looked into Coinbase, only to find out that their API is deprecated and as such you can't access your own account through it. Next was HitBTC, but their documentation on rakuten.net seemed pretty poorly formatted (then again, that might just be me struggling to understand rakuten's layout). Lastly was Bitfinex... only to get a nice big message box that basically said "you appear to be from the U.S., if you are, you are a PROHIBITED PERSON and can't do anything".So yeah... any American-friendly exchanges out there with non-deprecated APIs that I can use to do algorithmic trading with? Ideally, they'd have official Python-based API's, but I'll learn a totally new language if need be.
Submitted November 30, 2020 at 07:17AM
Submitted November 30, 2020 at 07:17AM
U.S. government uses USDC stablecoin to bypass Nicolas Maduro and give funds directly to Venezuelan medical workers (Using Venezuelan funds)
Besides the news I will post.I know someone close, the process worked like this,If you are a medical worked and wanted to receive the funds you had to do the following:Register in a webpage (As most of the medical workers work in public places administred by Maduro, Maduro's goverment tried several times with phishing, intercept the register to have the database and know the workers that registered to press them). Around 65k workers registered.They cross check the data, to make sure everything was legit.Wait.You would get an email so you register at www.airtm.com (just after that website was blocked by Maduro, you had to use a VPN).Wait.Weeks later you would get an email, with the confirmation of the first part of the funds. It is 100 USD monthly for three months to any medical worker (medic, nurses and so on). To put things in context, one medic that fights COVID with maybe 10 years of exprience has a monthly wage of MAYBE 50 USD.You got the funds in AIRUSD (AirTM stable coin, 1 AIRUSD = 1 USD). After that you can do whatever you can. Keep them there, buy cryptos, cash out (sadly, considering the situation, ALMOST all of them cashed out to Bs. to spend in the supermarket). You can do all of that in AirTM.All of this against Maduro will, but he wasn't able of blocking it.Remember, this is a goverment that is against anyone that want to help.I'm a Venezuelan living here, crypto entusiast, you can AMA.Sources:https://www.coindesk.com/circle-usdc-venezuela-airtmhttps://www.nytimes.com/2020/11/26/world/asia/venezuela-charity-raid.html
Submitted November 29, 2020 at 08:19PM
Submitted November 29, 2020 at 08:19PM
One coin's commenters are not quite like all the other coins' commenters
https://ift.tt/3o0tSf0
Submitted November 30, 2020 at 01:34AM
Submitted November 30, 2020 at 01:34AM
Why doesn't anybody warn people that Changelly is a scam...
It's a site that allows you to set up and account and put money into it. Once you try to do a withdrawl they ask you to verify yourself. If the verification comes from a country they don't approve of, they hold your funds and there is no recourse. They also don't list the countries which you cannot be from before you sign up..
Submitted November 30, 2020 at 04:36AM
Submitted November 30, 2020 at 04:36AM
TwitchPlaysCryptoMarket goes live today. Use the chat to vote on what gets bought or sold every 5 minutes. Starting with $2200 USD lets see what the Twitch portfolio will be worth in weeks/months.
Hi everyone. Starting in 15 minutes or so TwitchPlaysCryptoMarket will go live.Type chat commands (!buy BTC, !buy ETH, !buy XRP, !buy ADA, !sell BTC, !sell ETH, etc) to cast votes. Every 5 minutes the asset with the most votes will have $20 USD bought (minus trading fees)Check out the stream and schedule here: https://ift.tt/2VhWhAS at the stream About tab for more.Lets see what the community can do. Will it be a nice balanced portfolio or trolls buying a bunch of dead coins (please be kind). Will big gains be sold back into USD at the top? Let's find out.Please consider following as I need to become a twitch affiliate to earn money and de-risk a little.Edit: Update #1 Just finished the first 4 hour stream. Thank you to all that attended. Check the link to the schedule for the next stream.Check out the TwitchPlaysCryptoMarket portfolio here: https://ift.tt/37cqIxS
Submitted November 29, 2020 at 11:44PM
Submitted November 29, 2020 at 11:44PM
Daily Discussion - November 30, 2020 (GMT+0)
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 November 30, 2020 at 07:14AM
Submitted November 30, 2020 at 07:14AM
When you buy bitcoin at $17990 and sell it at $18000
https://ift.tt/33rgIQe
Submitted November 29, 2020 at 09:13PM
Submitted November 29, 2020 at 09:13PM
Waking up to green candles on Sundays be like
https://ift.tt/3fKAEma
Submitted November 29, 2020 at 07:03PM
Submitted November 29, 2020 at 07:03PM
Daily Discussion - November 29, 2020 (GMT+0)
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 November 29, 2020 at 07:11AM
Submitted November 29, 2020 at 07:11AM
Its not 1 eth but finally I have this amount
https://ift.tt/37gh3GT
Submitted November 29, 2020 at 01:35AM
Submitted November 29, 2020 at 01:35AM
I'm out
So I sold the last of my 22ish BTC yesterday.I first got in around September of 2013 when the price was $130. I later set up a weekly buy on Coinbase buying the majority of my coins between $200 to $400. My original goal back then was to accumulate 21 BTC and be in the million club. I turned it off in 2015 once I was well over 21 coins. Of course looking back I wish I had never turned it off.So why did I sell? The value is now enough that I can pay my capital gains and still have enough to pay off my house leaving me completely debt free. I found myself constantly stressing over the fact I was storing close to 200K and I also fully expect a pull back at some point soon. Once my house is paid off I will most likely start buying back in again using money that would have been going towards a house payment.Things I learnedTest your recovery process. If you have a hardware wallet (and you should) send a small amount of crypto to it then wipe it and reload it using your seed. This made me much more confident using the wallet once I had done this and knew that recovery was pretty simple. Also use a passphrase, but make sure it is one you will never forget.Store your seed securely. I used a metal stamp to punch my seed into a ¼ inch steel plate. After that I dipped it in plastisol so it cannot be read and stored it in my safe with a description written on the outside. I also had another copy of the seed stored behind a picture at a trusted family member’s house just in case.Sending a BTC transaction for tens of thousands of dollars is extremely stressful. I first moved my coins from Coinbase to a hardware wallet before the BCH fork (yes, I was stupid and stored them on an exchange, although I did use their cold storage feature so there was a waiting period before they could be moved if my account was compromised). It was a long 15 minutes before the transaction showed up on the blockchain (I think Coinbase batches transactions up before sending) so I was freaking out that I had done something wrong and all my coins were gone. I wanted to save on transaction fees, but I should have moved them in smaller increments.Weekly buys and dollar cost averaging is the way to buy. I never had to think about the weekly buy so it was worth the small amount I paid for fees. Over time I was able to build a substantial sum.It takes a long time to get out due to limits. I was limited to 10K withdrawal per day so it is taking a while to transition to fiat. I applied for an increase but it was denied for some reason. I am pretty happy with Coinbase, but they are obviously dealing with growing pains. After withdrawing around 50K they quit letting me withdraw and said I needed to do some more verification. I tried uploading my license but the verification kept failing with a blank error message. I submitted a support ticket and heard nothing for several days. I finally remembered that they had recently added phone support so found the number and called. I only had to wait about 10 minutes until I talked to someone and they were very helpful. It turns out I was supposed to be prompted to use a web cam to take a selfie after uploading my license. Once I found that out I did it on my laptop that has a camera and was verified within 5 minutes. I had no problems with withdrawals after that.Capital gains suck. I took all the risk of buying into crypto yet I am going to be on the hook for close to 30K to the government for my long term gains. There is no way I am fucking around with the IRS though, so I will happily pay them. I still have some other crypto and will most likely start buying back in again in a few months. In a few years when I retire I will most likely try to live off of 37.5K income per year from selling crypto so I do not have to pay those capital gains. After a few years of that I will dip into my traditional retirement accounts. I still need to find out if I need to pay an estimated tax payment this quarter to avoid a penalty for not having enough taken out of my paycheck to cover my taxes for the year.My hat is off to those that are still hodling. It has already gone up quite a bit since I sold. I might look back at selling and kick myself in the future, but right now the thought of being debt free is pretty liberating. It has been one fucking hell of a ride and I will be back on the coaster with the rest of you soon!
Submitted November 29, 2020 at 02:32AM
Submitted November 29, 2020 at 02:32AM
My short term emotions are torn right now
https://ift.tt/37f25AP
Submitted November 28, 2020 at 09:04AM
Submitted November 28, 2020 at 09:04AM
This subreddit is Diego Maradona - RIP in peace to a legend
https://ift.tt/33k1LQ4
Submitted November 28, 2020 at 07:00AM
Submitted November 28, 2020 at 07:00AM
Negative Bitcoin headlines affect speculators, not HODLers says Morgan Creek CEO
https://ift.tt/3lgJEAJ
Submitted November 28, 2020 at 05:35AM
Submitted November 28, 2020 at 05:35AM
Daily Discussion - November 28, 2020 (GMT+0)
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 November 28, 2020 at 07:10AM
Submitted November 28, 2020 at 07:10AM
Bitcoin to ‘Easily’ Hit $60K in 2021, Pressing ECB for Digital Euro, Says German Bank
https://ift.tt/3q5KR1m
Submitted November 27, 2020 at 11:40PM
Submitted November 27, 2020 at 11:40PM
Russia To Recognize Crypto As Property
https://ift.tt/2HEHdKq
Submitted November 28, 2020 at 12:57AM
Submitted November 28, 2020 at 12:57AM
Bloomberg: "Even with a big selloff Thursday, Bitcoin’s rebound toward all-time highs this week is no sign of a speculative bubble but the growth spurt of a major asset class in the making." || Bitcoin Fights Back With Power, Speed and Millions of Users
https://ift.tt/37tuPGj
Submitted November 27, 2020 at 11:49PM
Submitted November 27, 2020 at 11:49PM
I Love This Guy - Never Ever (selling back to tether)
https://www.youtube.com/watch?v=RU4aHnZlHhM&feature=youtu.be
Submitted November 27, 2020 at 08:05PM
Submitted November 27, 2020 at 08:05PM
Ban all Libra posts
A lot of you think about Libra a lot, it’s apparent with the daily posts and speculation.Let’s clear some things up here so we don’t need to keep regurgitating these news articles and the same stupid questions:1) Libra would be a private centralized blockchain. That means you’ll never have access to keys or coins outside of the Facebook ecosystem.2) reiterating no. 1, you will not have access to Libra outside of the Facebook ecosystem.3) In case you still don’t understand, Libra will have no effect on the cryptocurrency market, it won’t be traded publicly, it’s a centralized private block chain.Any questions?
Submitted November 27, 2020 at 11:29PM
Submitted November 27, 2020 at 11:29PM
Chinese Police Seize 1% of BTC Total Supply from PlusToken Ponzi Crackdown
https://ift.tt/3fDQI9e
Submitted November 27, 2020 at 05:28PM
Submitted November 27, 2020 at 05:28PM
My bank is protecting me from a the scam that is Bitcoin.
I just got off the phone with my bank who wont let me use my account to purchase Bitcoin. Their reason is that they cannot trust the exchanges, there are too many scams and they are protecting against gambling or something along those lines. Its literally my money I want to spend. This is why we need crypto.
Submitted November 27, 2020 at 07:49PM
Submitted November 27, 2020 at 07:49PM
As someone who has lost a friend due to dark thoughts after loosing money in bitcoin, If you need someone to talk to seriously send me a DM or just leave a comment below.
It’s crazy but normal for most of us to watch the big dips in just a couple of days but if you’re new to this it and you lost a good bit of you’re investment just now, don’t do anything irrational. Don’t sell, don’t panic, don’t do the worst thing in your mind. Talk to someone. Look at the advice that most people have posted on this sub. There are various reasons to be investing in crypto but keep in mind to never put in what you’re willing to loose or just not touch for a couple of years.I lost a friend who fell into his dark thoughts and took what he thought was the easy way out. He bought back at the end of the 2017 bull run. He got in at around 12k back in January of 2018 and told me he was in it for the long run. I don’t know exactly how much he bought but he said it was a couple of bitcoins, probably all of his life savings. Bitcoin went down and he began to change. December 23 2018 I remember his mom called and asked if I knew where he was, I had no clue since he had become distante by then. Called me again a week later to let me know they found him in his car out in the country somewhere with a note explaining he couldn’t handle the stress of loosing everything and more. Turns out he had taken out a loan to buy Bitcoin thinking it was gonna go back up to 2017 December levels. Worst part for the family was aside from loosing a son, the bank was harassing them to pay of their dead son’s debt.Me personally I went through the opposite if you can believe it. I knew about Bitcoin back when it was less than a cent. I bough half a coin back when it was 200 and sold for a small profit because I had to pay for a new set of tires and forgot about it. When I saw how much it went up i fell into a weird depression thinking of how much money I could’ve had if I just kept it in the wallet. I kept struggling with thinking about how I could’ve paid off all my debts. To this day it still gets me sometimes because as someone that’s unemployed, that half of Bitcoin could’ve been a good “just in case” money to have.Idk if this is gonna be removed or just not get attention but if you need someone to talk to, reach out to me or leave a comment below.
Submitted November 27, 2020 at 07:26PM
Submitted November 27, 2020 at 07:26PM
The probability of getting rich in six months is low, and the risk is high. The probability of getting rich in six years is high, and the risk is low(ish).
There has been a recent flurry of posts trying to reassure newbies that thisisfine.jpeg. Whenever there is a dip, some old hands decide to help out/motivate/karma-farm/act high and mighty...These feel-good posts are all well and good, but once you've seen one, you've seen them all. So I'm going to try and add a bit more substance (though I am aware of the irony that I'm basically doing the same thing, only with better grammar and more references to peer-reviewed journals).Informative posts tend to get downvoted to hell though, so who knows if this will even be seen. I spent a bit of time trying to put it together, so if you think it's useful, please do give an upvote for visibility.Tl;dr If you play it safe - with boring strategies, such as dollar-cost averaging, diversifying in high-cap tokens, and taking advantage of compound interest - you will probably still get massive return on investment.Also, as I get older, I'm starting to realise a few years isn't that long. Traditional financial investment might make you rich over 30-40 years. I believe crypto can do it in 5-10. This might seem like a lot, but it's not. Stop thinking in days and weeks and start thinking in months and years. .First, some data on trading:The average individual investor underperforms a market index by 1.5% per year. Active traders underperform by 6.5% annuallyProfitable day traders make up a small proportion of all traders – 1.6% in the average year.The typical day trader loses money by a considerable margin after adjusting for transaction costsFurthermore, the authors of the second study write that "inconsistent with models of rational speculation and learning, we document that the aggregate performance of day traders is negative".This is all about regular stock trading, but you get the idea. .Second, some anecdata about crypto friends:Maybe academic papers aren't your thing. Fair enough.Back in 2017, two friends of mine got into crypto and we started a WhatsApp group to share tips. One friend invested steadily into Bitcoin and a few alts. The other friend invested heavily into altcoins and traded every day. In a bull market everybody thinks they're a genius. He made a lot of money then lost it all. In 2018, he tried to carry on trading, but this was now a bear market. He lost even more.Fast forward to this year, and he's now anti-crypto. Regrets all the money he lost. Thinks it's all a scam. At the first sign of recovery, he converted the dregs of his altcoins to BTC, sold via Coinbase and left the chat. If he'd held on for another month or two he might have recouped some losses, but he didn't.My other friend carried on DCA'ing into BTC and ETH and is now up considerably. .Third, some cognitive biasesSurvivorship bias means that we concentrate on the people who win. See some smug bastard proclaiming his shitcoin profits in the Daily? He won. What you don't see are the hundreds of Wojaks who tried different trades and lost. Badly. You are more likely to be one of those sad fucks. Sorry.Hyperbolic discounting is the preference for immediate payoffs to greater payoffs at a later date. Crypto is seen as a "get rich quick" scheme. If you're new to this game, reset your expectation to "get rich more slowly than I'd like, but still fairly quick all things considered" scheme and you'll do just fine. .Next, some info on Dollar Cost Averaging:Buying $100 of Bitcoin every month for 3 years starting 3 years ago would have turned $3,600 into $5,413 (+50%)That might not sound like much but the point is that even if you had bought bitcoin near the absolute peak, you would still be 50% up by now. That is INSANELY good.Let's play around a bit more.Dollar cost averaging Bitcoin biweekly from 07/09/2016 to 11/27/2020 gave 526.26% ROI and you would now own 4.3 BTC. 2016 was early, but it shows how a little time in the market works. .Can you beat the market by buying the market?Check out the top ten crypto fund posts. The answer is... probably.There is a lot of data to comb through here and I bloody love this guy's monthly updates. They're honestly the best posts on this whole subreddit.I hope he doesn't mind me attempting to summarize, but the main points appear to be:BTC and ETH have generally outperformed the other picksCrypto is still beating the stock market(This depends on buy-in times)Despite it being a three-year bear marketThe upside in a bull market is huge. .Longterm predictionsMathematical analysis of crypto gets a bad rap. John McAfee famously got it wrong. But that doesn't mean it's all nonsense. Patterns tend to repeat.Here are various predictions for a $100,000 Bitcoin.The logarithmic regression band shows a steady upward trend, with decreasing volatility. It's a reasonable assumption that this will continue. There will be bubbles, there will be corrections, but BTC will continue going up. And if you iron out the swings, it will give greater returns than any other asset class. Crypto as a whole will also go up and other coins will give even greater return. These will be hard to predict. Diversifying a small amount into a few other coins will give some exposure to this effect without too much risk. .Finally, some thoughts on compoundingOK, not your keys, not your crypto.But... Someone once said compound interest is the eighth wonder of the world and the key to wealth.The reason for the boom this summer is DeFi. For the first time, it's possible to earn interest on crypto. There are risks involved, but it is a force multiplier that can massively improve your success, and it would be remiss of you to not consider it.Compound interest is great on its own. But using compound interest to accumulate more units of an asset that is itself appreciating, will accelerate the process dramatically.Consider the following:You bought one Bitcoin at $10,000.You HODL for ten years and it reaches $100,000.Go you.Or:You put that Bitcoin into DeFi/CeFiYou get 6.5% compounding interest.You HODL for ten years and BTC reaches $100,000But you now have 1.91 BTCYou have $191,000That's 19x your initial buy-in. Nearly twice as good as just HODLING.I urge you to play around with a compound interest calculator.If nothing else, it should show you the value of thinking in longer timeframes.Currently, the best bank accounts are offering under 1% interest. Which means you're actually losing money after inflation. On the other hand, staking is coming to Eth and DeFi isn't going anywhere. There are risks with DeFi, and using crypto custodians is philosophically at odds with the dream of pseudonymous digital cash.That's for you to think about. But use the calculator above, plug in some numbers, and see where 12% interest gets you in 20 years. Even if you just used fiat, that would get you pretty far. Now think about getting even 5% return on Eth or BTC. Now think about what 1 BTC or 1 ETH will be worth then. Factor in dollar cost averaging on top of that. And you're risking it all chasing pumps every day?Slow down, and consider the safe, boring, options. You might be surprised where you get to in a few years.
Submitted November 27, 2020 at 06:18PM
Submitted November 27, 2020 at 06:18PM
Facebook’s Libra to reportedly launch in January 2021 as USD stablecoin
https://ift.tt/2Jd7Iam
Submitted November 27, 2020 at 03:02PM
Submitted November 27, 2020 at 03:02PM
NEW: Chinese police have seized $4.2 billion cryptos from PlusToken Ponzi crackdown, according to a new court ruling (Includes over 1% of Supply of Bitcoin)
https://ift.tt/3odvtOX
Submitted November 27, 2020 at 04:23PM
Submitted November 27, 2020 at 04:23PM
Cryptocurrency Black Friday Sale!!! All coins now 10 - 30% off!
Don't miss out on this limited time offer. The bull market is taking the day off for a Thanksgiving holiday. At your local exchange, you can get many popular coins for quite a discount right now. These offers are going by fast, and before you know it, we'll be at more ATHs for the holidays.just sayin :-)
Submitted November 27, 2020 at 08:21AM
Submitted November 27, 2020 at 08:21AM
Monero Is The Way Forward...
I was showing some of my friends and family how fast NANO was compared to BTC over our Thanksgiving lunch today (yes, it was mostly outdoors and everyone was wearing masks while not eating/drinking) and I realized that this was not the way when one of my cousins asked me to buy him a PS5 out of the blue. I see this person like once every two years and we don’t talk otherwise, so it was kind of a weird request.Turns out he SUPER quickly learned how to view my transactions history and saw that I was funding my “hot” wallets for the purposes of showing everyone the different transaction speeds between NANO and BTC. Well one of my “cold” wallets had more value than my unemployed cousin so he thought he could ask me to buy him a PS5 since I had “extra” money.This is not the way.I thought privacy was for criminals or scammers but it’s really not. Our money should be private by default. The idea of leaving funds on exchanges or constantly juggling a dozen different wallets and trying to “mix” your funds is ridiculous.I’ve also been reading out PayPal’s plans to hold BTC but slow confirmation times won’t matter because PayPal won’t actually be sending BTC between buyers and sellers, it’ll just be used as an alternate currency in their internal currency rate exchange. So NANO’s speed doesn’t have any advantage if non-privacy cryptos are just going to be handled the way PayPal is going to do it.Now there’s rumors of KYC being required for your own private BTC wallets?! This is crazy. I cannot fathom holding any meaningful amount of crypto to actually use, if everyone can see my balances.This is out of control. Digital gold? Ok, maybe BTC can be a hedge against inflation for forex traders and people in countries with devalued currencies looking for an (eventually) more stable currency. But otherwise, for actual spending on goods or P2P payments with friends/family, I don’t think so.With that all being said, it looks like Monero is the king of privacy, right? If there’s going to be a real decentralized, P2P cryptocurrency free from central banker control, then Monero is probably it.Im not a criminal/hacker and I would still prefer privacy.
Submitted November 27, 2020 at 08:29AM
Submitted November 27, 2020 at 08:29AM
If this dip has made you uneasy, your the weak hands it's trying to shake out.
Bitcoin has always had ups and downs, the market corrects so often I have lost count.It went up 100% in a matter of weeks and corrected by 5% in a matter of hours.If this dip makes you feel uneasy, take this time to read more about why this technology matters, why it changes the game, why it was created in the first place. Because I don't know anyone who fully understands Bitcoin and doesn't own some.Don't get so lost in the euphoria of a rising market, and when you do start to feel your steps becoming lighter on the high of a rising market take a step back and prepare yourself for a correction.The best thing you can do is to keep reading, keep learning, find and fight your biases, don't get emotions on board. The heart is for loving, use your mind of everything else.
Submitted November 27, 2020 at 07:36AM
Submitted November 27, 2020 at 07:36AM
Thankful
I'm 60 and have been a longterm bitcoin investor ever since I stumbled upon this community.i want to thank all those who have given me the motivation and the information that a person my age (53 then) needed to get started and get somewhat knowledgeable with this new technology money thing.I was, 7 years ago, in crippling debt and praying The Lord to find a way to send my children to college one day. After discovering this community and reading up on all the posts I scrapped together all I could, sold my car, my wife's car (with her consent of course) and invested all of it into bitcoin.The stress on my shoulders was unreal, I don't know what I would have done had this failed. But one day I saw the light at the end of the tunnel. I couldn't believe it. The next few years of my life were simply beyond anything I could have imagined. I paid off my debts, bought a house for me and my family, and sent 2 of my kids to college. (Last one graduates this year from high school)Yesterday my house burned down. My stuff is pretty much a loss and ill have to find a new place to live, but my kids are ok, my wife is ok and all of the pets are ok. Pictured is my 13 year old cat after being rescued by the Fire Department.Sadly I kept my crypto offline on a laptop that was in the room the fire started in. I'm told it's gone.After losing my job this year due to lockdowns and everything that happened yesterday I'm really not sure what I'm supposed to do or what the future holds for me and my family. I got lucky in the past and have faith I'll get lucky again. But all I care about right now is letting this community know how thankful I am for everything they have done to make my past 7 years the happiest I could have ever asked for. Thank you for talking to me and explaining to an out of touch old fart how this whole thing worked. I wish all of you a happy crypto journey and life ahead!Rob.( I would have liked to thank a few users personally so I apologize for the throwaway account but people I know follow me on my main one)
Submitted November 27, 2020 at 07:18AM
Submitted November 27, 2020 at 07:18AM
Daily Discussion - November 27, 2020 (GMT+0)
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 November 27, 2020 at 07:12AM
Submitted November 27, 2020 at 07:12AM
Coin holder since 2013
I bought my first coin of btc in 2013....I see people freaking out. The best lesson I've learned all these years2fa account Get u2fa when you can affordDont sell and dont get greedy. I buy for my daughter NOT ME. buy stable and use profits for alt. This way as alt drops you didn't lose the investment just the profitBunch of my friends who bought in this month are freaking out over buy 600$ of xrp and losing. I said "buy btc and eth, roll profits down to alt"I've lost alot and I've made alot. Simple thing is I dont buy to get rich. I buy because I want decentralized currency for my daughter. This is a revolution not a stock marketMy grandfather taught me when I was very young "dont ever lend money or invest it unless you can live with never getting it back"Buy to start a revolution. Buy to topple government. Buy because you believe....but hey I'm just an idiot hoping for a better future maybe I'm wrong
Submitted November 27, 2020 at 01:50AM
Submitted November 27, 2020 at 01:50AM
You have to remember PayPal CEO said BTC is a scam in 2018
https://ift.tt/37cCubO
Submitted November 26, 2020 at 10:40PM
Submitted November 26, 2020 at 10:40PM
I’m NOT F***** selling !!!!
To be honest I love seeing some guys getting rekt because they fomo’ed into crypto these past days, but back then they were talking s*** how bitcoin is a bubble and how it could get to new ATH’s.Like most of you I’ve been here since 2017 and if you get my point, the price doesn’t affect usThe point of bitcoin/crypto is to have liberty and a financial system that doesn’t work under governments control. If you get this you’ll get why hodlers will not f*** sell
Submitted November 26, 2020 at 10:28PM
Submitted November 26, 2020 at 10:28PM
CEO of Coinbase is concerned about the regulations that Trump’s government still wants to implement
https://ift.tt/3nZAbPU
Submitted November 26, 2020 at 08:24PM
Submitted November 26, 2020 at 08:24PM
So you think this is a correction?
So you think that 10% dip counts as a correction?Let me give you a helpful hint..We're not in a correction until the sweat falling down your neck meets the sweat of your ass crack in a pool on your desk chair while your sitting up at 3am staring at a stamp chart 3 inches from your face trying to convince yourself thats its going to reverse any second now. Your hand shaking like a Parkinson's patient over an oily mouse when suddenly you feel the dire need to take a shit but you vomit in your mouth a little bit instead and before you have time to question how those two bodily functions could possibly be related we've already dropped another 20%. You've now got a big red dildo candle showing a 60% loss in a matter of minutes staring back at you as price has dipped far below your buy in spot, all the profits you made over the past several weeks, dreams of that new car, that new house disappear in an instant and you cant imagine what possibly could have caused this.You default to erroneously blaming the Chinese but that doesn't quite add up so you take to twitter with panicked breath searching for anyone, anything that might have the answer as to what the F is happening. Of course no one has any more of a clue then you do so you immediately start to internalize the struggle. What starts as a whisper of "why didn't I just sell" turns into a rampage scream in the back of your mind, after all its so obvious that this was the top, it's so clear now looking back, of course that was the top how the hell didn't I see that 15 minutes ago? Meanwhile we're down another 5% and you just can't take it anymore. Tears are rushing from your eyes, something that looks like dried blood is all over your arm emanating from the spot you didn't realize you were subconsciously digging your fingernail into. You close your eyes just for a moment but when they reopen you realize you've somehow already logged into your Coinbase account and punched in a sell order. Thats it. You sold. Your devastated, but manage to breathe a small sigh of relief. Well at least i can't lose anymore you say, at least i walked away with something. Your emotionally and physically exhausted now but you manage to drag yourself across the room, you fall flat on your bed with one final thought passing through your mind before you let the darkness overtake you..."why didn't i just sell the top?"In the morning you wake to the realization that you slept fully clothed and at an odd enough angle that your neck is surely going to feel exactly as bad if not worse for the rest of the day. The events of the previous night come back to you in a flurry of blurred emotions and while you almost can't bring yourself to check the price you just have to know. How much lower did it go? After all, there is still a glimmer of a hope, you think well, perhaps it isn't all bad, perhaps I can buy back in a bit lower and make the losses back in the long term. You begrudgingly open a chart and whatever small amount of hope that remained escapes your lungs before the sigh hits your lips. Price has fully recovered, it's actually trading up 10% from yesterdays highs...Thats a correction.
Submitted November 26, 2020 at 10:00PM
Submitted November 26, 2020 at 10:00PM
Pantos and IOTA support government backed Christian Doppler Laboratory in Vienna for joint research
https://ift.tt/2JawZSy
Submitted November 26, 2020 at 06:09PM
Submitted November 26, 2020 at 06:09PM
A few friendly tips for the newcomers
Over the last few weeks we've seen a huge amount of price movement in almost every coin in the top 100 and beyond. Along with the new bullish market sentiment, I've seen quite a few new users commenting in the daily who are new to crypto and have just brought in during the recent hype, I thought that now might be a good time to share some knowledge I've picked up over the last few years.These market corrections are brutal - but necessary! - No market just goes straight up, no matter how much we wish it could. In order for BTC and crypto in general to grow and flourish its important that markets break new ground before having a correction or some sideways movement to cool off a little bit. The current market rally is a classic case of over extension and many of us were expecting a cooldown, we just didn't know when! Don't look at your portfolio for a few days and take some time off. Although these corrections are brutal, once they bottom the recovery is often fairly swift!When in doubt, zoom out - Along a similar vein to my last tip, we've seen crazy gains over the last two weeks, if your worried about losses, just zoom out and look at where we were two weeks ago. Most coins are still up a significant amount in the last 7-14 days. At the current rate BTC could dip another 25% before the end of the month and we'd still finish November with the highest monthly close IN HISTORY! So try not to fret too much.This is just the beginning - If you're invested, your still an early adopter (congrats!). If 2017 was anything to go by this is still just the very early stages of this new bull market. Expect to see even crazier gains as we break all time highs and beyond, also expect more 10/20/30% even 40% retracements as BTC and alts break new ground.Only invest what you can afford to lose - I made a thread around a week ago along the same lines as this comment, remember to only pony up what you can afford to lose, especially with all the economic uncertainty at the moment. Crypto is still a very young market and it could all crumble to 0 with the wrong combination of events! (although this is unlikely).Enjoy the ride - Crypto and this sub is a great place to crack jokes, learn new things and chat with others about your shared interest in crypto. Enjoy the ride, learn some new things and don't stress too much!Hope this helps newcomers/anyone feeling disheartened about the dip today.Stay safe xo
Submitted November 26, 2020 at 06:08PM
Submitted November 26, 2020 at 06:08PM
Proposal to remove moons gained/lost from the daily
Since Moons have been implemented, we've seen "upvote rings" at work in the daily discussion, while at other times seeing mass downvotes. We're also seeing a lot of posts that don't add to the discussion, but are fishing for upvotes such as "POPULAR COIN TAKE MY ENERGY", "Upvote crew, time to get to work" and such. This happens far less in posts outside the daily, which makes sense as moderation is also less stringent on the daily than on the rest of the subreddit. Realistically, we also have a chatroom for this, but the Daily Discussion seems to have become our de facto chat room.The actual valuable posts and discussions happen outside the daily, while the daily is used mostly to spam. In my opinion this is okay and gives everyone a nice outlet for these sort of comments, but I think that we should reward moons to the valuable posts and discussions rather than to spamming. This is why I propose to not award Moons for karma gained in the daily posts. The net effect of this would be more Moons going to people creating posts and comments outside the daily, while we can keep the daily for chat and spam, and not care about the upvotes/downvotes there.View Poll
Submitted November 26, 2020 at 04:54PM
Submitted November 26, 2020 at 04:54PM
History does not disappoint
History does not disappoint.https://ift.tt/3l96QAX expected we got rejected like last time, will be interesting to see where we end up.
Submitted November 26, 2020 at 02:22PM
Submitted November 26, 2020 at 02:22PM
I'm literally not going to look for 7 days.
Yeah. This is stressful. I bought in recently after I enlightened myself on blockchain and blah blah blah and now I'm down a lot of money.Bought the dip and it dipped even more, I have no more cash and I refuse to sell at a loss because I believe in it but I keep staring at my losses as if looking at them makes it go away. All I can do is stare.One of you guys come wake up in 7 days and hopefully my portfolio is not fucking dead. I'm not looking here or anything to do with crypto in the mean time.Godspeed.
Submitted November 26, 2020 at 03:52PM
Submitted November 26, 2020 at 03:52PM
Just a reminder to everyone that HitBTC is a SCAM exchange
I was holding some old tokens from around 3 years ago that I bought in an ICO, looked on CMC to find what exchanges were trading it and only HitBTC was. So I signed up, seeing that their withdrawal limits for unverified accounts were over the amount that I was trading (around $5,000 worth of coins).Deposited my tokens, sold them for ETH, went to withdraw. It randomly says "failed" after about 3 hours, with no email notification or explanation. So I tried to withdraw again, then it says that my account has been disabled.I've emailed support, still no response after nearly a week even though their support page says responses happen within 24 hrs. Went over to their subreddit and see that they've been scamming people like this for a LONGGG time now. Some people have been trying to get their money for over a year.Why is this shitty exchange still listed on coinmarketcap?
Submitted November 26, 2020 at 01:08PM
Submitted November 26, 2020 at 01:08PM
Important things to note about the Spark airdrop
Hi there, this is my first post here so go easy on me. I realized that there’s a lot of hype surrounding the upcoming Spark airdrop which is why I made this post to highlight the stuff that no one’s talking about.12/12 is the snapshot date, not the network launch. You can only claim your tokens after the network launch. The date of the launch is unknown but it’s said to be soon after the snapshot date.You’ll have to claim your tokens within 6 months after the network launch otherwise your tokens will be burnt.After the network launch, you’ll only be able to claim 15% of the Spark tokens you’re eligible to and the rest will be distributed over the course of 25-34 months. For example, if you’re eligible for 10000 Spark, you’ll get 1500(15%) at network launch. Then the balance at 2-4% every month. So that would be 8500*3% = 255 Spark tokens a month. It’ll taken around 34 months to get the full amount.For all you whales, there’s a 1Bn cap for the amount of tokens you can receive.More details here: https://ift.tt/2Jctzys
Submitted November 26, 2020 at 11:10AM
Submitted November 26, 2020 at 11:10AM
"An upcoming story about Coinbase on New York Times" - Coinbase
https://ift.tt/39iwuB4
Submitted November 26, 2020 at 10:22AM
Submitted November 26, 2020 at 10:22AM
New Research Suggests Satoshi Nakamoto Lived in London Creating Bitcoin
https://ift.tt/2HALy1d
Submitted November 26, 2020 at 07:35AM
Submitted November 26, 2020 at 07:35AM
USA Regulation Regarding Self-Hosted Crypto Wallets
https://twitter.com/brian_armstrong/status/1331744884856741888?s=20
Submitted November 26, 2020 at 07:36AM
Submitted November 26, 2020 at 07:36AM
MOON Proposal: Double Comment Karma
This proposal would cut post karma weight in half, or double comment karma (same effect). The purpose of this would be to encourage more thorough discussion as well as acknowledge the difference in relative effort/karma between posts and comments. No matter how well thought out or helpful a comment is, it won’t get the same visibility/karma as a post.This has been submitted three times before however it did not reach the required amount of moon to pass despite receiving overwhelming support in favor (not one poll had less than 90% of votes in favor):123View Poll
Submitted November 26, 2020 at 05:49AM
Submitted November 26, 2020 at 05:49AM
MOON Proposal: Limit MOON distribution for memes
This proposal would work with the current half karma for posts vs comments, but it would cap the amount of karma gained towards moon distribution to 200(after post karma is halved). There are so many reposted memes, and I wish reposts could get 0 moons but I feel that would be hard to implement.Under this system, here are some examples:-Meme poster gets 100 karma from a single post: 50 karma goes towards moon distribution-Meme poster gets 400 karma from a single post: 200 karma goes towards moon distribution-Meme poster gets 1000 karma from a single post: 200 karma goes towards moon distributionEdit: the first option would be half karma until reaching the 400 karma threshold, following the examplesView Poll
Submitted November 26, 2020 at 06:53AM
Submitted November 26, 2020 at 06:53AM
MOON PROPOSAL: Meme posts weight
This proposal was already sent by me in the last month here, however I made some mistakes like giving too many options and forgot to put the "Keep as is" option.I've listen to all the criticism and reduced to only 3 options. I hope it's more straightforward and easier to understand now.As we all know there are people organizing in Discord to selectively upvote and downvote posts, this is much more evident in Memes but happens all across this sub but... we need to start somewhere.The point of the poll is to try to reduce the number of people spamming Memes and to discourage the organized upvoters/downvoters.We need 4,081,037 Moons for the voting to pass.Make sure to check the other moon proposals as well:Poll to double comment karmaView Poll
Submitted November 26, 2020 at 06:09AM
Submitted November 26, 2020 at 06:09AM
Daily Discussion - November 26, 2020 (GMT+0)
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 November 26, 2020 at 07:09AM
Submitted November 26, 2020 at 07:09AM
New Moons Distribution (Round 7 Proposal)
UPDATES:As we mentioned in the last distribution, we’ve lowered the requirement for distribution polls.For a poll to pass, its winning option needs to have enough Moons to meet a Decision Threshold. This Decision Threshold has been set to a minimum of 10% of the Moons supply to start with.The decision threshold will automatically update once a week. The new decision threshold will be calculated as the average of the existing threshold and the number of Moons cast in favor of the most highly-voted option in governance polls over the last 4 weeks. There will still be a 10% minimum of the existing Moons supply (it can't go lower than that).When you create a poll, there is a new option to mark it as a Governance poll. These are the polls that will be used to make decisions and to update the decision threshold. If you are making a poll on Moons distribution, make sure to mark it as a Governance poll.We also wanted to provide some more data points that might be useful as you think about different ways to distribute Moons.There have been multiple polls on changing the weighting of comment karma and post karma. In the current round, 65% of the karma is from comments, 35% is from posts.There have been questions about changes in voting behavior. Since the introduction of Moons, there are 52% more upvotes on a weekly average, while only 25% more downvotes. There are 40% more unique users upvoting than before and 10% more downvoting.--Moons are r/CryptoCurrency's version of Community Points. Community Points are a way for users to be rewarded for their contributions to the subreddit, and they can be used on premium features in the community.Moons are distributed every 4 weeks based on contributions people make to r/CryptoCurrency. For every distribution, Reddit publishes karma data as a default measure of contribution. The community can review the data and optionally propose an alternative distribution, if they wish.This distribution is based on karma earned from 2020-10-28 to 2020-11-24. Here is the data.To propose an alternative distribution:You can create a CSV with alternative contribution scores or propose changes to the algorithm used to calculate them from karma (as long as the changes can be implemented easily).The amount of Moons distributed to a user will be proportional to their contribution score. Contribution scores cannot be negative.Make a poll to have the community vote on your proposal. Include an accurate description of the changes you are proposing.In order to pass, the winning option in the poll must meet the decision threshold (minimum number of Moons in support). If it is in favor of the change, it becomes the official contribution measurement (unless there is evidence of abuse in the vote, such as bribery). Algorithm changes will carry forward to future distributions.In case of multiple polls passing, the one with the most Moons cast in favor will be the official one.If no alternative passes, the data provided here will become official.The contribution scores for this round will be finalized on 2020-12-02. Any poll proposing an alternative needs to be completed before then.After the scores are finalized, Reddit will sign the data and publish the final, official data. After that, people will be able to claim their Moons through the Vault in the Reddit mobile app.
Submitted November 26, 2020 at 05:23AM
Submitted November 26, 2020 at 05:23AM
Want to Know if the Bitcoin Price Is on the Move? Just Check if Coinbase Is Down …
https://ift.tt/2JhbOOU
Submitted November 26, 2020 at 12:38AM
Submitted November 26, 2020 at 12:38AM
Fidelity Executive Says Investment Giant Will Support Ethereum, Launch Bitcoin and Crypto Trading Services for Retail Clients
https://ift.tt/3nWtPkj
Submitted November 26, 2020 at 12:08AM
Submitted November 26, 2020 at 12:08AM
U.S. intelligence chief John Ratcliffe has reportedly written to the SEC over fears China's dominance in digital currencies could put the U.S. at a disadvantage.
https://ift.tt/39exrdj
Submitted November 25, 2020 at 09:27PM
Submitted November 25, 2020 at 09:27PM
'Everyone should put 2% to 3% of their net worth in bitcoin': Mike Novogratz
https://ift.tt/2V2XgoB
Submitted November 25, 2020 at 07:11PM
Submitted November 25, 2020 at 07:11PM
Did You Notice? Bitcoin is Almost at $20K and Fees are Still Ridiculously Cheap
This in my opinion is a simple way for anyone to understand that the current price action is way different from what we saw in 2017.During the last ATH, many people were already heading for the exits once Bitcoin crossed $10k. That caused heavy price volatility, a spike in transaction fees, and longer confirmation times (Some had to wait for up to a week for their transaction to confirm.)Average Confirmation Time in 2017 vs NowSome people paid over $50 USD in fees at a point, and miners got filthy rich.Fast forward to 2020, Bitcoin is at $19200, fees are still very cheap, the network is not clogged.What Changed?Did the Bitcoin Network Become More Efficient?NahIt simply means that the current crop of Bitcoin investors differs from the 2017 retail crowd.These current crops are mainly investors whose perception of an ideal exit price is significantly higher. They're not ready to let go at $19k and I don't know at what price they will.But one thing for sure is that the longer they hold, the more FOMO kicks in and the real retail folks will jump in.How high can we go?https://ift.tt/3fwWw4q
Submitted November 25, 2020 at 08:41PM
Submitted November 25, 2020 at 08:41PM
Russian Hospitalized After Bitcoin Mining Farm Sets Apartment on Fire
https://ift.tt/2JffG2z
Submitted November 25, 2020 at 07:05PM
Submitted November 25, 2020 at 07:05PM
PayPal permanently banned my account due to CryptoCurrency buy/sells being treated as "item SALES" this thread is for others to be aware and to hopefully help all of us recover THIS IGNORANCE FUELED MISUNDERSTANDING
My account recently got limited and asked for like 10 explanations of "sales" which all were cryptocurrency dip buys and high sells (as is normal) all within a period of one week.The system flagged my account thinking I was selling items worth $10000 in one week when I hadn't done so in the last 6 years I've held a PayPal account. (US account btw).So I knew the developers didn't account for this shit when they released PayPal Crypto so I submitted the stuff for review with my photo ID and wrote "PayPal Crypto" for each crypto transaction BECAUSE WHAT ELSE could I say?I called their phone and he said he's expedited the review. I went to sleep, the next day (today) my account is permanently limited due to ...."After a review, we've decided to permanently limit your account due to potential risk. You’ll not be able to conduct any further business using PayPal."180 days hold on my $462 in my balance.No appeals. No explanation. No consideration that their reviewer may be an ignorant 60 year old with no knowledge of PayPal's own crypto service. Whenever I've called their support about PayPal Crypto in the past they had no idea what I was talking about (even after weeks after release).Now I haven't called yet because phone support is offline, but I'm writing this thread because many others will be in the same spot as I am.How do we start our journey to get them to understand what the fuck they did. I genuinely 100% know I did nothing wrong and its a misunderstanding because they think I made 50+ buy/sell transactions in a span of 1 week of items, when its just crypto.Feeling a little suicidal right now, not gonna lie, because I know how bad PayPal is in resolving these things and I've used them regularly for everything.
Submitted November 25, 2020 at 07:52PM
Submitted November 25, 2020 at 07:52PM
All I want for Christmas is for Neo and Icon to go up
What do you think of these coins? Been holding since 2017. I still believe in them.I already saw that the price started to go up. (icon is +50% this week).I still think they are way underpriced, especially NEO.
Submitted November 25, 2020 at 04:22PM
Submitted November 25, 2020 at 04:22PM
Stellar Lumens doubles in price following upgrade
https://ift.tt/360Pv8L
Submitted November 25, 2020 at 05:16PM
Submitted November 25, 2020 at 05:16PM
Beware of Ledger Phishing Email
Bought Ledger for my friend, meaning I don’t have a Ledger nor do I have a Ledger account. Received an email from support@ledger.com-e1-server-s57-secure-44 with my friend’s FULL NAME (don’t know how we are associated besides me buying the ledger for him). Unfortunately, can’t get a photo on this sub:Email #2Withdrawal DelayedTo: (My Friend’s Full Legal Name)Subject: You just sent 0.017814 BTC (0/24 confirmations).Ledger AlertTo: 3uy.....etc*** Amount: 0.017814 Network Fee: 0.00004973As a security precaution, this transaction will be delayed for 4 hours. If you didn’t make this transaction, cancel it immediately.CancelEmail #1Subject: You just sent 0.0120680 BTC (0/40 confirmations).Ledger AlertTo: 3AB....etc*** Ledger Fee: 0.00 Network Fee: 0.00002533 Note: Suspicious location Ip, country: Ukraine, KievDear (friend’s full legal name) As a security precaution, this transaction will be delayed for 4 hours. If you didn’t make this transaction, cancel it immediately. Please confirm or cancel transaction.Cancel Confirm
Submitted November 25, 2020 at 12:46PM
Submitted November 25, 2020 at 12:46PM
What Is Bitcoin's Actual All-time High Price?
https://ift.tt/362Vryj
Submitted November 25, 2020 at 10:13AM
Submitted November 25, 2020 at 10:13AM
Coinbase, Citing Regulations, Ends Margin Trading Services
https://ift.tt/2KsQZ3l
Submitted November 25, 2020 at 06:55AM
Submitted November 25, 2020 at 06:55AM
‘No debate’ that Bitcoin will increase 20X says gold industry insider
https://ift.tt/3q0xcZm
Submitted November 25, 2020 at 09:52AM
Submitted November 25, 2020 at 09:52AM
Google Trends shows ‘Bitcoin’ searches at 2020 high as BTC tops $19.4K
https://ift.tt/376Ykxm
Submitted November 25, 2020 at 04:33AM
Submitted November 25, 2020 at 04:33AM
Almost 100% of people who has bought BTC and held to it is in profit and still feels early, how do you feel today?
How do you guys feel? Doesnt it feel early still like this is starting? Are you taking profits or holding? I want to know your feelings, lets share.For me this is a monumental day, validates the crypto space.
Submitted November 24, 2020 at 11:16PM
Submitted November 24, 2020 at 11:16PM
3 days ago, a leaked document which belongs to Greystone Capital appeared on largest Korean cryptocurrency forum Coinpan, it revealed their bullishness on Monero, Zcash, Zcoin and PIVX, these coins started rising above the market average today
Few days ago, a document which belongs to Greystone Capital got leaked. The document revealed their plans to go heavy into Monero, Zcash, Zcoin and PIVX. From these 4, PIVX had the largest expected growth in 2021. It all make sense now, PIVX 5.0 is rumored to be released on testnet in the upcoming days, aligned with the Ethereum 2.0 soft launch on December 1st.I have been doing some research, the technology behind PIVX is really impressive same as what they are intending to achieve in the upcoming months: anonymous masternodes, anonymous governance model with anonymous voting, anonymous staking and and a major improvement in their Proof of Stake consensus to decentralize the network further and incentivize shielded staking.As always, DYOR.
Submitted November 25, 2020 at 05:54AM
Submitted November 25, 2020 at 05:54AM
Daily Discussion - November 25, 2020 (GMT+0)
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 November 25, 2020 at 07:10AM
Submitted November 25, 2020 at 07:10AM
Coinbase Just Broke into the Top 100 Free Apps on the App Store
https://ift.tt/3l3EYhB
Submitted November 25, 2020 at 02:14AM
Submitted November 25, 2020 at 02:14AM
Can we all unanimously agree to boycott TRON during the upcoming bull run?
Can we all unanimously agree to boycott TRON during the upcoming bull run?While we are at it, let's make a (trash-)list by popular vote.I'll make a start:1 - Tron (self explanatory)2 - Bitcoin Cash (self explanatory)3 - Ethereum Classic (self explanatory)Submissions added at 5 upvotes (net):4 - Ripple (nominated by u/Schapsouille)5 - Bitcoin SV (nominated by u/Pughie24)6 - HEX (nominated by u/rezuler)7 - EOS (nominated by u/nanoisinferior-)8 - STEEM (nominated by u/fbslo)9 - Tether (nominated by u/BitTShirts)10 - Verge (nominated by u/CryptoBanano)11 - Sushi (nominated by u/mrkez)Submissions added at 10 upvotes (net):12 -13 -14 -15 -RULES:Let's stick to the top 100-200, otherwise we might as well copy paste 90% of Coingecko's 5987 coins.I'll add the nominations that receive 5 upvotes. If the post gets popular, I'll increase it to 10 upvotes.Don't agree with a specific entry? Let your voice be heard by downvoting the nomination!
Submitted November 25, 2020 at 12:52AM
Submitted November 25, 2020 at 12:52AM
Square and PayPal may be the new whales in the crypto market as clients flock to buy bitcoin
https://ift.tt/35WQMOi
Submitted November 24, 2020 at 09:25PM
Submitted November 24, 2020 at 09:25PM
Well, if this isn't bloody bullish, then I don't know what is: The Queen of England is expressing an interest in blockchain.
https://ift.tt/3m3k0jY
Submitted November 24, 2020 at 10:23PM
Submitted November 24, 2020 at 10:23PM
Well, if this isn't bloody bullish, then I don't know what is: The Queen of England is expressing an interest in blockchain.
https://ift.tt/3m3k0jY
Submitted November 24, 2020 at 10:23PM
Submitted November 24, 2020 at 10:23PM
Bitcoin just broke $19,000. Next stop $20,000?
https://ift.tt/3m5hQQU
Submitted November 24, 2020 at 07:25PM
Submitted November 24, 2020 at 07:25PM
CNBC’s Ran Neuner launches world’s first 24/7 media channel devoted exclusively to cryptocurrency
https://ift.tt/3kUjZh6
Submitted November 24, 2020 at 08:14PM
Submitted November 24, 2020 at 08:14PM
XLM Skyrockets To A Two-Year High As Stellar Announced Major Protocol Upgrade
https://ift.tt/2J4Jm2s
Submitted November 24, 2020 at 08:06PM
Submitted November 24, 2020 at 08:06PM
Bitcoin Spikes $1K In Hours To New 2020 High: Only 5% From 2017 All-Time High
https://ift.tt/35Xji28
Submitted November 24, 2020 at 04:56PM
Submitted November 24, 2020 at 04:56PM
Pay attention on Dec 10th: After almost 3 years, NANO will finally be free of the stain known as Bitgrail.
Those of us who have been around for the last 4 years or longer remember the revolutionary idea of NANO (formerly known as RaiBlocks) and how quickly it gained a following for its fast, feeless, green, protocol.Many of us also remember the craziness of the last bull run and the chaos that followed the Bitgrail exchange insolvency (“we have suffered a stolen”).The matter of Bitgrail will—after almost 3 years—finally be finished soon.After Italian investigators and courts determined that the infamous owner of Bitgrail was at fault, all of his assets and Bitgrail’s remaining funds were collected and the matter of identifying and reimbursing user claimants who lost their funds was underway.It may be weird timing with the current price rises but in approximately 2 weeks, on Dec 10th, the Italian courts will hold hearings with the trustees to finalize the bankruptcy procedure to return the recovered funds.The ongoing litigations and drawn out bankruptcy proceedings related to Bitgrail were inextricably linked to NANO. Well, this will all finally be behind us soon.The ongoing bankruptcy hearings and other legal proceedings may have been the reason why some of the largest exchanges (Coinbase/Gemini) have avoided listing NANO despite showing huge interest in the project before the Bitgrail fiasco.This may be the rebirth of NANO.
Submitted November 24, 2020 at 04:46PM
Submitted November 24, 2020 at 04:46PM
XRP - let me get this straight?! (Rant)
So, let me get this straight, XRP has been releasing 1 billion XRP from escrow accounts, every month, for the entire bear market.They used this to dump on investors and used the money to build Ripple, the physical company.Then, after most of this original community and investors capitulate, they announce a buyback, times with a BTC rally and they pump the price, causing another retail FOMO and gains of like 100% in a week.How the fuck is this legal? Btw, full disclosure, I have XRP holdings and I am in profit, even though it's a total shitcoin, I knew it would pump. The number go up was obvious, so despite my distaste for XRP, I like making money. So this post doesn't come from some angry XRP Army moron who capitulated last month.I genuinely just think this type of market practice is unethical and should be highlighted to the community.If there are typos, I only ever use mobile, apologies in advanced.
Submitted November 24, 2020 at 07:13AM
Submitted November 24, 2020 at 07:13AM
Charlie Shrem: Bretton Woods 2.0 is knocking at our door, and it’s not here to help - can blockchain tech present a solution?
https://ift.tt/395KZYP
Submitted November 24, 2020 at 09:47AM
Submitted November 24, 2020 at 09:47AM
101% - Phase 0 Launch will happen December 1st!
https://ift.tt/38xxaBU
Submitted November 24, 2020 at 09:42AM
Submitted November 24, 2020 at 09:42AM
Insurance claim success. 282,035 DAI will be redeemable for Cover protocol's first claim on Pickle hack
Cover Protocol's first claim on Pickle Finance was validated by the community & also by the CVC members. Total turnaround: 5 days. This will be a 100% payout (282,035 DAI), which goes to all Pickle Finance Nonce 0 - CLAIM token holders (link)Cover Protocol can always guarantee a 100% payout to all CLAIM token holders in the event of an accepted claim. Protocol will never have a lack of collateral to payout.COVER Protocol (COVER) (Launched 2020) is the governance cryptocurrency token created on the Ethereum blockchain to operate within the COVER's Protocol. The COVER Protocol offers its users a Peer-to-peer coverage (insurance) with its fungible tokens, thus allowing markets to set coverage prices as opposed to a bonding curve.
Submitted November 24, 2020 at 09:40AM
Submitted November 24, 2020 at 09:40AM
Eth2 Deposit Contract has reached 100%
The Eth2 Beacon Chain network has reached the required minimum 524,288 ETH and 16,384 validators to launch the mainnet. Congratulations and thanks to all the early stakers!Sources:etherscanlaunchpad.ethereum.orgbeaconscan.com
Submitted November 24, 2020 at 09:26AM
Submitted November 24, 2020 at 09:26AM
Daily Discussion - November 24, 2020 (GMT+0)
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 November 24, 2020 at 07:09AM
Submitted November 24, 2020 at 07:09AM
PayPal CEO: 28 Million Merchants Will be Able to Use Cryptocurrency for Transactions in 2021
https://ift.tt/39f60QV
Submitted November 24, 2020 at 04:01AM
Submitted November 24, 2020 at 04:01AM
＄６００ ｐｅｒ ＥＴＨ
Ethereum crushed $600 finally,Big green dildos everywhere we are heading towards new ATHBinanceLove You ETH * 999999999999999999999999999999999999999Waiting for ETH 2.0. It's expected to release before December at this rateEdit: Congrats to hodlers
Submitted November 23, 2020 at 09:02PM
Submitted November 23, 2020 at 09:02PM
Ethereum 2.0 Deposits Hit 60% as Launch Looms
https://ift.tt/3frMdyC
Submitted November 23, 2020 at 08:35PM
Submitted November 23, 2020 at 08:35PM
5 GOLDEN Rules of Markets !!!
This is not me, just quoting the wizards and gurus who have spent donkey years in markets. With everything pumping and making welcome gains, here are some harsh but valid reminders for all levels of traders and investors.Markets know how to humble participants, education is your best friend.____________________________1) Prices never go up or down in straight line. Always expect reversals when euphoria is high.2) Any move is never certain - anyone who says "definitely" is misleading you. You can only get better probability in any move, that is all you have - your edge.3) Always have an exit strategy - there is no such thing as HODL (I am serious) - even if you are cashing out in 20 years time, you are just a long term trader.4) Invest or trade what you can afford to lose (especially in crypto), this is a high risk market, you can lose your equity quick.5) Best investment is in yourself. Learn, educate and nurture your skills. Markets will always be full of opportunities, you just need to be prepared to avail those.Good Luck.
Submitted November 23, 2020 at 07:21PM
Submitted November 23, 2020 at 07:21PM
Hardware-Grade Security to Mobile Cryptocurrency Portfolios
https://ift.tt/394YqYU
Submitted November 23, 2020 at 05:30PM
Submitted November 23, 2020 at 05:30PM
Decentralized insurance protocol Cover holds vote to cover Pickle hack
https://ift.tt/3flImTP
Submitted November 23, 2020 at 11:37AM
Submitted November 23, 2020 at 11:37AM
With BTC close to 20k, investors are looking into a potential 5x from here going into the next cycle. This is where the multiples on altcoins become attractive.
At 20K and beyond BTC will be keep being pumped mostly by institutional money flowing in. Those are veteran investors and they prefer the proven track record of bitcoin as a hedge for their money against the growing inflation of the dollar.Mid-scale investors will look for other projects that outlived the 2018-2020 bear market and still have active development, good technology that will shape the future. Those projects are still ways away from ATHs and can probably see a 100x (maybe)Crypto veterans same thing. They are risk takers. A lot is still on the sidelines in tether or other stable coins and i would bet that a large chunk of this will be going into solid altcoins instead of BTC
Submitted November 23, 2020 at 12:11PM
Submitted November 23, 2020 at 12:11PM
What’s you #1 pick for 2021?
Please don’t delete this mods, this is meant to be fun and slightly educational. Curious what everyone’s top pick is for the next 12 months. I don’t care why or how, just post the ticker, nothing else.Hopefully this is enough text to pass through the ridiculous auto-mod.Edit: I don’t care about moons, I’ll give all mine to top comment. Just don’t let the snowflakes downvote this to oblivion!
Submitted November 23, 2020 at 10:24AM
Submitted November 23, 2020 at 10:24AM
Paypal Bought 70% of All Newly Mined Bitcoin Last Month as Demand Rockets | News Bitcoin News
https://ift.tt/3356uF1
Submitted November 23, 2020 at 10:29AM
Submitted November 23, 2020 at 10:29AM
Are there crypto mentors? I think I need one.
So, due to some unavoidable circumstances and bad investments etc, I've got next to no retirement. And I'm 50. I keep trying to get into this and I follow this sub, but a lot of the terminologies are alien to me and I don't really know where to start. I plan on investing a little every month and I need to know where to start. I kinda want someone to hold my hand explain the hows and whys, and give me an idea how to differentiate between shitcoins, promising coins, and blue-chip stuff. I have a bittrex account and trade back and forth once in a while. When I see something trending.I feel like I'm a little late for the show on bitcoin, but wanna get involved.Are there any reputable teachers, mentors, learning courses etc?
Submitted November 23, 2020 at 07:36AM
Submitted November 23, 2020 at 07:36AM
Potentially one of the biggest news stories in crypto history, Andrew Yang rumored to be named secretary of commerce
https://ift.tt/3lX4BSv
Submitted November 23, 2020 at 09:03AM
Submitted November 23, 2020 at 09:03AM
World Economic Forum Selects Elastos Foundation for Global Innovators Community
https://ift.tt/3nE3Pdj?
Submitted November 23, 2020 at 08:49AM
Submitted November 23, 2020 at 08:49AM
$20 Billion in Crypto Under Custody: Coinbase Sees 'Explosion of Capital' From Institutional Investors
https://ift.tt/3fmzPQi
Submitted November 23, 2020 at 06:35AM
Submitted November 23, 2020 at 06:35AM
Bitcoin Price Set to Surge in 2021 as US Dollar Expected to Fall 20% Even with Vaccine Rollout
https://ift.tt/36YbcG2
Submitted November 23, 2020 at 07:40AM
Submitted November 23, 2020 at 07:40AM
Morgan Creek CEO Says Bitcoin Doing ‘Extremely Well’ Due to Fed Reserve’s Dollar Devaluation
https://ift.tt/36WQQgp
Submitted November 23, 2020 at 03:46AM
Submitted November 23, 2020 at 03:46AM
To ETH holders
Congrats.Personally, I've been selling all mined ETH to buy gear. But had I hodl'd instead of sold i could have got more gear. No regrets cause gear, just saying.I know alot of you have been waiting awhile for this and will continue to wait. 👏
Submitted November 23, 2020 at 06:05AM
Submitted November 23, 2020 at 06:05AM
OriginTrail (TRAC) Food Data Market goes global with EU Commission’s NGI Atlantic
Food Data Market (FDM) is a decentralized marketplace that incentivizes data sharing with the goal of contributing to sustainable supply chains. Now, Trace Labs, together with our partners Kakaxi Inc., is taking the next step for FDM within the EU Commission’s NGI Atlantic initiative.The beyond-state-of-the-art privacy-enabling technology will contribute to the development of a more fair and inclusive data economy in EU and US agrifood supply chains. This EU-US partnership will result in the development of new ways of incentivizing data capture in global supply chains by using a decentralized data marketplace and a business model to ensure sustainability. Trace Labs and Kakaxi are also proud to announce that their joint solution has been supported by the NGI Atlantic initiative, which is funded by the European Commission and whose main goal for the NGI Atlantic project is to bridge EU-US research on the Next Generation Internet. Trace Labs and Kakaxi are planning to kick-off the NGI Atlantic project on the 1st of December. In the following six months of the project’s execution, we will see at least three supply chains globally benefiting from the implementation of Kakaxi devices on the field and their data being monetized using the FDM.https://ift.tt/2IWPaem
Submitted November 23, 2020 at 03:09AM
Submitted November 23, 2020 at 03:09AM
Grayscale's BTC Investor Study: wealth transfer from baby boomers to Gen X and millennials will be worth $68 T. Guess what they are most inclined to consider as an investment?
The wealth transfer from baby boomers to Gen X and millennials could be as much as $68 trillion over the next 25 years. Our study shows millennials are most inclined to consider BTC as an investment.Over the course of a single year, Bitcoin seems to be gaining acceptance among the investing public. More than half of U.S. investors - a market of nearly 32 million households, each with more than $10,000 in investable assets - have expressed interest in investing in Bitcoin. As equity markets experience sustained volatility and once-strong correlations between various asset classes have begun to unravel, Bitcoin appears to be gaining steam as market participants seek investments that can act as safe havens within a portfolio. Currencies that are immune from government-controlled monetary policies have been an idea that is looking more promising by the day—even in developed nations.And while financial advisors play an important role in this ecosystem, and may play a bigger role in the years ahead, the data shows that this digital currency revolution has largely been driven from the ground up, by a new generation of well-educated investors who leverage the vast amount of information available online to inform their investment choices.As this digital generation grows up, it’s only natural that they may turn to more digital forms of value. The fact that the majority of current and potential Bitcoin investors haven’t even reached their prime earning years yet, coupled with the $68 trillion dollar wealth transfer set to take place over the next 25 years, reveals a potentially huge opportunity for those who see the possibility for long-term growth in Bitcoin. Digital currencies have come a long way in the last decade—but the growing momentum from investors interested in this digital asset class suggests that its brightest days may still be ahead.https://ift.tt/3nQStTl
Submitted November 22, 2020 at 11:17PM
Submitted November 22, 2020 at 11:17PM
286 BTC were traded in Venezuela using LocalBitcoin (last week, lowest since 2018), down from 361. That equals 2,754,000,000,000 Bs. (ATH in Bolivares again in Venezuelan currency "VES"), traded volume is a constant USD amount. One BTC is around 15,000,000,000 Bs. Monthly minimum wage is 1.50 USD.
Hi, guys remember I'm Venezuelan living here.We are very far from the 500 BTC weekly we were trading months ago.The reason (I think) is the value traded in LocalBitcoin is fixed to USD, so as the BTC price goes up the volume gets down.If I were abroad and want to send money to my relatives in Venezuela for example, 200 USD monthly it would be a fixed amount in USD but lower BTC amount, I think that is the reason.Not everything is good, I'm sure a part of the traded BTC come from the goverment itself (they use that as a way of circunvent sanctions) the percentaje is impossible to determine.Remember, this is only measured by LocalBitcoin (For sure the biggest exchange here).I'm Venezuelan "living" here, crypto entusiast. A lot of redditors have helped me somehow! And moons in the crypto subreddit (by the way I see its price is really down, will have to hodl even when I always will need to cash out)!By the way, the price drop of the MOONS hit me hard, sadly I cannot HODL them I have to cash them out because I NEED they money (When they 6th round was distributed price was around 0.04 USD now it is around 0.02 USD, what do you suggest to do? Wait or cash at 0.02 USD? The total drop is around 80 USD, that is A LOT OF money for me!)You can ask me anything!Sources:https://ift.tt/3kc6M3w
Submitted November 22, 2020 at 07:24PM
Submitted November 22, 2020 at 07:24PM
Privacy coins no more? CipherTrace files patents for tracing Monero transactions
https://ift.tt/2J5Af1l
Submitted November 23, 2020 at 06:44AM
Submitted November 23, 2020 at 06:44AM
Welcome to Newcomers + Beginner Resources
With bitcoin nearly reaching all-time highs we are seeing a lot of renewed interest in cryptocurrencies. There is a lot of newcomers to the space and I want to remind everyone to be helpful and welcoming to them. I joined this sub and bought my first coins during the last big bullrun in December 2017. I remember how lost I felt when I first joined.If you are new to the sub, WELCOME!! If you have any questions you can make a text post (if you have 500 comment karma) or post a comment in the daily discussion thread that is pinned daily to the top of the sub. There are many knowledgeable users here who will be happy to answer your questions or give advice. There is a list of beginner resources below. If you know of any other resources or would like to add anything to the list below, please leave a comment and I will add it to the list (Nothing with Referral Links Please).Here are some things newcomers should watch out for that I have learned during my time here:Don't put in more money then you are comfortable losing. There have been many large drops in bitcoins history and some even larger ones for alts. Some of the alts I bought a few years ago are still -90% from the ATH. Cryptocurrencies are still very volatile. If a big drop in prices will cause you financial stress you should reconsider your position. Here is a screenshot from my old portfolio from 2017-2018. If I had not bought anything since, I would still be down roughly 20% and was down over 50% at one point even with half of my holdings in bitcoin.Most, if not all reputable exchanges require KYC, which is the process of verifying your account. This is a common practice, but make sure you are signing up to a reputable exchange. You need to trust these people with your personal data and identity. There is most likely a waiting period to get verified on exchanges so be patient. Stick to the larger more reputable exchanges such as Kraken, Coinbase, Gemini or whatever exchange is reputable in your local area. Don't make hasty decisions when it comes to choosing an exchange. Watch out for scam exchanges that offer lower then spot rates and have no KYC you may see advertised on social media.Do not base your decisions off price alone. Some peoples first instinct is to buy coins that are under a dollar thinking they will someday be valued at the same price in dollars as bitcoin. Marketcap is a much better metric to determine if a coin is over-priced or not. Market cap is the price of the coin times the number of coins in circulation. Some coins are cheap because they have literally billions of coins in circulation but still have a massive marketcap. XRP is a good example of this. I would suggest sticking to BTC and ETH until you understand the market better.Be very weary of trading groups. These groups mostly exist to dump on the people they give the signals to. These groups were very prevalent last bullrun. They load up on a low-cap alt with low liquidity, signal a pump to the followers, then dump on them as they buy in.Scammers. Everywhere in this space is scammers waiting for you to make a mistake and steal or trick you into sending them your coins. Consider everything a scam until you can prove otherwise. Do not make any hasty decisions. The term "if its too good to be true it most likely is" really holds true in this space. Watch out for fake support staff trying to trick you into revealing your private keys or mnemonics and You-tube videos offering to double your bitcoin. There is no such thing as free money (unless you got the uni airdrop 🦄). Be especially careful on social media sites like twitter, facebook and discord.Watch out for phishing websites when doing google searches. Scammers will often use special characters to make the domain look similar to the real domain. If the site is one you visit often save a bookmark to that site instead of using google search.Mining these days is mostly a waste of time unless you have the newest equipment and very cheap source of electricity. Watch out for cloud mining schemes as these will become very unprofitable as the mining difficulty rises. These are targeted at newcomers who do not know how mining works and the contract will run way longer then it's profitable.Consider picking up a hardware wallet if you have a good amount of coins. These are highly recommended by users of this sub and for good reason. Hardware Wallets will offer a much higher level of protection then software wallets and are very user friendly. Trezor and Ledger are the two most popular models. Keep your 24 words safe in a secure offline location. If you forego getting a HW wallet, make sure the device you use is free of malware and viruses. Do not save backups of private keys in plaintext on your computer.Use good two-factor authentication wherever possible. SMS 2FA is not good enough. You can search all the horror stories of people who have had their exchange accounts hacked because they only had SMS 2FA and got sim-swapped. TOTP 2FA such as Google Authenticator or AUTHY are much better solutions or if you want to go even more secure get a hardware key like yubikey. Do not re-use common passwords, consider using a password manager like 1password or lastpass as these will also help mitigate phishing attacks because they will only input your password if you are at the correct domain.Beginner Resources/r/bitcoinbeginnershttps://bitcoin.org/en/getting-startedhttps://ethereum.org/en/what-is-ethereum/https://ift.tt/3m82cEk Guide to MetaMaskWhat is DEFI?Beginner’s Guide to (Getting Rekt by) Impermanent LossLedger 101: Do You Really Need a Hardware Wallet?Guide to Cryptocurrency SecurityGlossary of Cryptocurrency Terms
Submitted November 23, 2020 at 07:17AM
Submitted November 23, 2020 at 07:17AM
We have reached 50% of the staking threshold towards launching Ethereum 2.0 mainnet!
264,544 ETH already staked and counting.The eth2 network needs to reach at least 524,288 ETH, 16,384 validators, to launch the mainnet.Read more about staking here: https://ift.tt/34Y0eQW
Submitted November 23, 2020 at 01:02AM
Submitted November 23, 2020 at 01:02AM
Daily Discussion - November 23, 2020 (GMT+0)
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 November 23, 2020 at 07:14AM
Submitted November 23, 2020 at 07:14AM
When Bitcoin hasn’t increased by more than $1000 in 24 hours...
https://ift.tt/2Hqaxo1
Submitted November 23, 2020 at 01:22AM
Submitted November 23, 2020 at 01:22AM
I can try but.. I don't even understand it well enough to be that concise, honestly..
https://ift.tt/2UX2Bxr
Submitted November 23, 2020 at 12:37AM
Submitted November 23, 2020 at 12:37AM
Me now greeting nocoiners who annoyed and trolled me last 3 years
https://ift.tt/3lPa6T7
Submitted November 22, 2020 at 06:51PM
Submitted November 22, 2020 at 06:51PM
Every coin has its day (especially for XRP holders, kudos to you!)
https://ift.tt/3pYmind
Submitted November 22, 2020 at 07:50AM
Submitted November 22, 2020 at 07:50AM
We’ve made it, comrades. We’ve made it.
https://ift.tt/2UMUROu
Submitted November 22, 2020 at 09:13AM
Submitted November 22, 2020 at 09:13AM
New bitcoin investors discussing a recent 2% pullback with a 2017 ICO bag holder
https://ift.tt/373zTB0
Submitted November 22, 2020 at 05:26AM
Submitted November 22, 2020 at 05:26AM
Hating XRP is a favorite past time but a 40% gain in one day is insane
https://ift.tt/3lUdYSW
Submitted November 22, 2020 at 06:27AM
Submitted November 22, 2020 at 06:27AM
Daily Discussion - November 22, 2020 (GMT+0)
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 November 22, 2020 at 07:11AM
Submitted November 22, 2020 at 07:11AM
The speculation level is falling fast
Since 2013, I and any intelligent investor with a brain has considered crypto to be “highly speculative”. “It will go to a million or zero!”, etc.So, this begs the question: When and for what reasons will the speculation surrounding the cryptocurrency market as an investible asset class be reduced. Well, certainly longevity, utility and market penetration (ownership) are large categories to be considered when measuring speculative risk.However, in this write-up I want to focus on Leaders by Example. For years and years we have heard primarily from individuals and organizations that have had a historical stake in crypto. Of course, Joseph Lubin is going to say that Ethereum is the best invention since the wheel, and of course the Media Company, Cointelegraph is going to have a positively biased stance on all things crypto.So, what I've been waiting for is for people and entities of substance to freshly enter the space with either new hard dollars or staking their reputation by recommending crypto to their investors, clients and customers.Folks, that has now happened. This list grows by the week, but below is just the few that are on the top of my head of what has transpired just over the past few months.These are not YouTubers, these are not OG crypto holder with bags. These are the big boys. The biggest of the boys.Playtime is over my friends:Financial InstitutionsFidelity: ( $7.4 trillion in assets under management), Fidelity Digital Assets (FDAS) is part of Fidelity Investments, one of the world's largest financial services providers. They postulate that should investors allocate at least 5% of their portfolio to BitcoinPayPal (The largest bank in the world by customer base {350M}): Now offers crypto purchase and custody (via Paxos) for its customers and recent itBit (Paxos) volume spike indicates PayPal may already be buying more than all the supply of newly issued bitcoin that’s availableGrayscale Investments: has surpassed $10 billion in cryptocurrency assets under management. About $8.85 billion are held in the Grayscale Bitcoin Trust, which now holds more than 500,000 bitcoins (an estimated 3.5% of all Bitcoins). They added $187M of BTC just yesterday. Grayscale also holds similar amounts (in %) of Ethereum.Deutsche Bank: Says Investors Increasingly Prefer Bitcoin Over Gold as Inflation HedgeBlackRock ( $7.4 trillion in assets under management): CIO- “Bitcoin will take the place of gold to a large extent”Visa: CEO – Crypto is a developing part of payments in the world.JPMorgan Chase: Analysts say its value could triple, challenging goldCitiGroup: Analyst Says Bitcoin Could Pass $300K by December 2021BillionairesMichael Saylor (CEO of MicroStrategy): Purchased $400M of crypto for his own companies’ financial reserves and another $300M for his personal coffers. Total of $.7 Billion.**Stanley Freeman Druckenmiller (*****American investor, hedge fund manager): “***Frankly, if the gold bet works the bitcoin bet will probably work better because it’s thinner, more illiquid and has a lot more beta to it”Ricardo Salinas Pliego (Mexico’s 2nd richest man): has put 10% of his liquid assets into bitcoin—arguing it protects from "government expropriationJack Dorsey (CEO of Twitter): Acquired 4,709 Bitcoin (~88M USD), saying Bitcoin has the potential to be a more "ubiquitous currency" in the futurePaul Tudor Jones (American billionaire hedge fund manager): Paul Tudor Jones calls bitcoin 'the best inflation trade' and is like investing with Apple or investing in Google early. He has placed 2% of his total net worth into cryptocurrency
Submitted November 22, 2020 at 02:03AM
Submitted November 22, 2020 at 02:03AM
A simple CONGRATS to all the bear market hodlers! You earned this rally!
https://ift.tt/3fjUuEB
Submitted November 21, 2020 at 01:54PM
Submitted November 21, 2020 at 01:54PM
YouTube crypto is ridiculous...don't get fooled.
https://ift.tt/333kCin
Submitted November 21, 2020 at 02:00PM
Submitted November 21, 2020 at 02:00PM
Let that sink in for a moment! JPMorgan vs Bitcoin
https://ift.tt/3kK41WM
Submitted November 21, 2020 at 09:05AM
Submitted November 21, 2020 at 09:05AM
Nano is on the front page of Triller (US TikTok clone) right now
https://ift.tt/392WRKU
Submitted November 21, 2020 at 07:48AM
Submitted November 21, 2020 at 07:48AM
Why is everything so quiet?
Is it just me or is everything significantly more quiet than it was in 2017 when we reached ATH? For those of us who were here for the 2017 bull market, it honestly seemed like a complete frenzy. Moon boys were pumping everything into the stratosphere. We have essentially reached those ATHs, yet everything seems significantly more subdued.I like it. It seems like our market is maturing a bit.
Submitted November 21, 2020 at 06:07AM
Submitted November 21, 2020 at 06:07AM
Daily Discussion - November 21, 2020 (GMT+0)
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 November 21, 2020 at 07:10AM
Submitted November 21, 2020 at 07:10AM
Crypto Taxes Coming Up
Hey all, I just wanted to share what I’ve been learning in regards to taxes for all these sweet sweet gains we’ve been getting these past few months.This is for US based only, so it might be helpful for other countries but I’m in the US and that’s what I’m focused on.If you are terrible like me, you have basically been running around the crypto space doing whatever you find that could make some money. I have a crap ton of weird services and wallets to compile. I started to try and exporting all my transaction history from all the exchanges that I’ve used and going to the blockchain trackers to download the data. All of this was getting pretty overwhelming and most of it doesn’t have fair market value, which you need.WHAT YOU NEED TO SHOW Basically you need to be able to show the Tax Man the fair market value you bought the crypto you have at and how long you held it, and what you sold it at, and that’s for EVERY transaction you’ve made for the year. It’s almost a given that you will have wallet transactions as well as trades and swaps on exchanges. Maybe even some purchases of real world goods(i.e. I bought a few hardware wallets with my crypto, totally fun! But that’s a sale of your asset and you have to keep track of those.)So the crazy thing about this is that if you forget a service you used or lose track of a wallet, it kind of breaks the chain of custody and takes credibility out of your data. So the best thing is to has as complete if not completely complete data if at all possible. All the way from when you fiat on ramped to where your value sits now.The reason it’s important how long you’ve held is if you hold a specific token without trading it for over a year you can actually save a lot of taxes on it.WHERE THE INFORMATION IS STOREDYour Data is going to be on centralized off chain exchanges where you’ve traded. Decentralized on chain exchanges. Wallet addresses that you have used or still use. And any other weird services you’ve used(custodial wallets mostly, I use a wallet connected to a tip bot on Telegram, this is an off chain wallet)HOW TO GET IT INTO THE CORRECT FORMATThe Tax Man wants it in IRS form 8949 all nice and neat. But there needs to be backup as well. I don’t know at this point if the back up is specifically for audits or you have to submit it with your tax returns. I am assuming just in case of audit.So I went on a few of the exchanges and I’ve used and attempted to get the info I needed, but to my surprise they don’t make it very easy. None of the trades I could see had any fair market value on them. So I was kind of lost. I will tell you. If you’ve only done a few trades in crypto, for instance you just went on Coinbase and bought some ETH and have not traded it or moved it since you should have a very easy time. If you’ve never sold it, then you don’t even need to claim any gains until you do sell it. But I’ve been going nuts the last few years and last year I had a lot of losses and although I may need to eventually file backwards, I didn’t make enough to even warrant a 1099(less than 500$) so I’m not too worried about prior years. This year is different though and I’m I’ve got to weed through a load of weird transactions and trades.WHAT I FOUND AS MY BEST SOLUTION A lot of you might be annoyed that you had to read all the way for this solution, but for me I had to get through all logic that I was not going to be able to or it’s not worth my time to unravel all of the trades and swaps and transactions that I have made.I did some research and I found a few tax specific services that really made me breath a sigh of relief. To any of you out there who are overwhelmed by all the crazy stuff youve been doing in the crypto space and don’t have a clue how you are going to unravel it. There are services out there that work.The ones I have found so far, and I would love to hear of any others that people use that they have had success with. I have not used any of these yet, so I don’t have knowledge of the experience, but from just signing up and what they let you do as a tutorial, there is hope out there for us!I played around with cryptoTrader.tax and found that I liked the interface a lot, they let you chose the services that you use right at the beginning and then walk you through the import process for each one. I was able to find most of the services I use, but was unable to figure out how to account for transactions between wallets and also Uniswap. I was able to find one called TokenTax.co that has Uniswap support and looks like it will be easier to import wallet data as well as most of the exchanges I use.A lot of them are really easy because on popular exchanges they allow you to use an API to import them all. This means you just go to the exchange and create a read only API. Wallets it looks like you can import by entering in your wallet public address and it can read the data from the blockchain.There are some other things I haven’t quite figured out yet and I’m not sure which service I’m going to use yet, but I feel a lot better about the prospects of everything that these services exist. These services do cost money though. Anywhere from 49$ for a very basic account to 199 for a premium. I also found TokenTax has a service you can have them do all your taxes including crypto with a crypto knowledgeable CPA for $499 or $799 for more complicated returns. Or if you are running some sort of crazy operation that I can’t even comprehend it would be $2.2k. If you just want to calculate your crypto and do your return somewhere else you can probably get by with a basic 65$ plan or a $199 premium but it sounds like it’s more manual.I’m just happy I can pay for something that can get this done without me sifting through thousands of transactions. Next year I’m going to be a TON more careful about how I use the space. Document everything and make sure I have everything accounted for.What have you guys found?
Submitted November 21, 2020 at 03:32AM
Submitted November 21, 2020 at 03:32AM
Subscribe to:
Posts (Atom)