https://ift.tt/3fWcKEP
Submitted June 01, 2021 at 02:57AM
I said I would donate $1k to my local library if VET crossed 50c. It didn't but I went and donated the money anyways.
Proof: https://ift.tt/2TyxDyr had made a bet with some random redditor at the beginning of may that if VET crossed 50c in may, I would donate $1000 to the children's section of my local library.VET let me down (I kid, I still love VET), but I went ahead and made the donation anyways (annoymously, and in memory of /r/CryptoCurrency ).Edit: Reposted because direct image links are not allowed. Sorry for the confusionFor the kids!
Submitted June 01, 2021 at 07:53AM
Submitted June 01, 2021 at 07:53AM
Don't Overclock your Body for Mining Fiat!
Just as the title says, please don't overclock your body too much from mining inflationary fiat! I've seen some posts and comments working their human RAM for two or even three mining rigs in one body and I can't help but see the damages it will lead to the future in there hardware.Remember to discard some cookies and replace them with wholefoods.exe and delete unnecessary files and spam that might cause stress to your Human PC. Give some time to clean and pamper it (like giving it a salad.exe and a warmbath.exe). I know we're all overclocking ourselves to convert those mined fiat into crypto but let's not forget to take care of our human operating systems. Reconnecting with your FAMILY Network might also lessen the RAM usage and cool it off a bit.We are only granted one human operating system and it won't last very long if you keep overclocking it for just some fiat that just decreases in value every 4 years or so. Take your human PC to the website "PARK.org" and let it scan for canines and felines up and about, that should alleviate it's system and relieve the stress caused by mining fiat.>>>print("Cheers Everyone!") Cheers Everyone! >>>
Submitted June 01, 2021 at 02:29AM
Submitted June 01, 2021 at 02:29AM
Daily Discussion - June 1, 2021 (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.Please be careful about what information you share and the actions you take. Do not share the amounts of your portfolios (why not just share percentage?). Do not share your private keys or wallet seed. Use strong, non-SMS 2FA if possible. Beware of scammers and be smart. Do not invest more than you can afford to lose, and do not fall for pyramid schemes, promises of unrealistic returns (get-rich-quick schemes), and other common scams.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.Behave with civility and politeness. Do not use offensive, racist or homophobic language.Comments will be sorted by newest first.Useful Links:Beginner ResourcesIntro to r/Cryptocurrency MOONs 🌔MOONs Wiki PagerCryptoCurrency Discordr/CryptoCurrencyMemesPrior Daily DiscussionsMonthly Skeptics Discussion thread
Submitted June 01, 2021 at 07:00AM
Submitted June 01, 2021 at 07:00AM
Ethereum will be the backbone of the new internet and it's not even started yet
Each month, another company publishes a whitepaper, claiming to have solved the scalability problems faced by Ethereum.These new blockchains claim to be better, faster, and smarter than Ethereum — they say they can handle thousands, even millions of transactions per second (TPS), have no transaction fees, and have near-instant confirmation times.This article on medium “Ethereum Will Be the Backbone of the New Internet” by James Martin Duffy, although about three years old, is really insightful. It provides solid reasons why Ethereum has already won the race to become the foundation of Web 3.0, and will become the fundamental base layer that all major DApp platforms will choose to build on top of in the future.This is basically just like a summary of the article, you can read it here for more.So, these are almost the same reasons why ETH currently makes up most of my portfolio:1. Ethereum has way more developers building on it than any other platform — and this gap is widening by the day.And why's this important?To summarize it all, at the end of the day, it doesn’t matter how many transactions per second your blockchain can handle if no one is actually using it.And in order to have applications worth using, you need to attract enough developers to build them. If you don’t have developers building applications on your blockchain, you’re effectively building a ghost town. The blockchain platform that has the most developers building real-world applications on top of it will be the platform that gains the widest mainstream adoption. And not only does Ethereum have a massive head start in this area, but the gap is widening with each day that passes.2. Ethereum has better tools and infrastructure for DApp development than any other platformMetcalfe's law states that the value of a telecommunications network is proportional to the square of the number of connected users of the system (n2).Basically, in less nerdy terms, the more developers building useful stuff, the easier (and more enjoyable) it becomes for new developers to build, and the effect compounds on itself.3. Ethereum does not sacrifice decentralizationWith blockchains, there's some kind of scalability trilemma at play. The trilemma claims that blockchain systems can only at most have two of the following three properties: •Decentralization (defined as the system being able to run in a scenario where each participant. only has access to O(c) resources, ie. a regular laptop or small VPS) •Scalability (defined as being able to process O(n) > O(c) transactions). •Security (defined as being secure against attackers with up to O(n) resources).So in more friendly terms, it’s kind of like a law of physics that says a blockchain can only have 2 of these 3 properties: decentralization, scalability, and security.What that means is, given the same level of security, if you want to increase a blockchain’s scalability, you must sacrifice its decentralization.Pretty much every platform that’s been touted as the “Ethereum Killer” has simply decided to trade off decentralization in favor of higher scalability, and advertise it as if it’s a feature.4. It will be impossible to run all the world’s decentralized applications on a single blockchain: Scaling has to occur on Layer 2It would be absurd to try to run the Internet’s 100 most popular games and social apps all on one giant supercomputer.Likewise, it’s absurd to assume all the world’s decentralized applications in the foreseeable future will run on one blockchain.It doesn’t matter if a blockchain can do a thousand transactions per second or a million transactions per second — no single blockchain will be fast enough to handle all the world’s decentralized applications on the same chain.Scaling has to occur on Layer 2. The solution is obvious — these applications will need to be split up across multiple blockchains.If you put DApps that require thousands of transactions per second on their own standalone blockchains, they would be vulnerable scalability issues. But if you put them on a sidechain to a blockchain that is sufficiently decentralized (like Ethereum) — you get the best of both worlds.Sidechains provide higher scalability without sacrificing security. A sidechain can use a different consensus algorithm (like DPoS) optimized for DApps that require very high TPS or low-latency, while storing any tokens or data requiring a high level of security on the main chain.5. New platforms are unproven, while Ethereum‘s security has already stood the test of time.Pretty much summarises itself.Conclusion: "Ethereum isn’t perfect — but at this point, it’s hard to imagine it being displaced as the de facto Layer 1 for decentralized applications"I really suggest you read the article from beginning to end and also check out the comments against some of its points. I'm saying this cos I don't believe in just blindly shilling and shutting out the opposing views. Some of the arguments against it will help bring a new perspective and maybe force you to do more research on some of the points presented here.Btw, could also be a great place to start DYOR on Ethereum if you've been interested for a while without really looking into it.
Submitted June 01, 2021 at 03:29AM
Submitted June 01, 2021 at 03:29AM
Algorand releases version 1.0 of their dApp builder including upgrades to their Smart Contracts
https://ift.tt/3vDmNWb
Submitted June 01, 2021 at 03:39AM
Submitted June 01, 2021 at 03:39AM
The IRS has a $625,000 bounty out to anyone who can deanonymize Monero. If someone succeeds, will it hit 0?
Or, can the validators just roll back the code and fix the exploit after the fact, reanonymizing any new data? You don't have to be a Nobel Laureate to see we're living in an Orwellian dystopia here. Privacy coins look more and more like humanity's last bastion of freedom. If Uncle Sam "cracks the code", is the jig up, and what can we do as a community to not get thrown in the gulag so to speak and reclaim privacy?
Submitted June 01, 2021 at 02:07AM
Submitted June 01, 2021 at 02:07AM
Kraken became the first digital asset company in U.S. history to receive bank charter recognized under federal and state law!
Kraken Bank is planning a phased launch in Q3 2021Frequently asked questionsWait, Kraken is becoming a bitcoin bank?Kraken has always been on the frontier of finance. Now we’re blazing a new trail by opening a Wyoming-based crypto bank.We were calling it Kraken Financial, but due to overwhelming demand, it will be known as Kraken Bank. We’re the first (ever) crypto company to be awarded a U.S. state banking charter. It’s known as a Special Purpose Depository Institution or SPDI. What is an SPDI?It’s a bank focused on clients’ interest in a forward-facing regulatory framework with oversight from the Wyoming Division of Banking.Can I open a bank account with Kraken? When will it launch?We are planning a phased launch in 2021, we’ll roll out to existing U.S. Kraken clients first and will provide more information as it becomes available.In the meantime, you can visit www.kraken.com/sign-up to create your Kraken trading account if you don’t have one.What products will the crypto bank offer?Our bank charter allows us to launch digital-first traditional and crypto banking products, with cryptocurrencies represented as a first-class citizen. We're looking into products like deposit accounts in USD and crypto assets (ex. Bitcoin), multiple funding and payments options, institutional custody products (qualified custody for advisors and broker dealers), IRAs and many more.Where will this be available and could I visit a branch?We will initially focus in the U.S. roll out services to existing clients in the U.S., with potential international expansion in the future.Our plan is to serve our existing clients’ needs online and via mobile devices - we don’t anticipate servicing any in-person, customer-serving activities in our Cheyenne office. Customer support and service will be available 24/7/365.Will my investments be FDIC insured?No. However, Kraken Bank will be fully reserved (i.e., no fractional reserve banking or associated re-hypothecation and lending activities). All assets will be kept on hand and available as cash or the least risky, most liquid cash equivalents. We will also maintain significant capital reserves and surpluses of our own capital to cover the full balance of all clients, even in the event of a “bank run.”We will operate in a safe and sound manner that prioritizes customer fund protection. Therefore, we will not have insolvency risk the FDIC is intended to safeguard. We will never need a bailout or any public-funded backstop, because our goal is to serve your needs and the needs of the community.Sources:https://www.kraken.com/bankhttps://www.youtube.com/watch?v=pxxAlAwcXsQ
Submitted June 01, 2021 at 03:25AM
Submitted June 01, 2021 at 03:25AM
Reserve bank of India tells Bank that they cannot stop people from dealing in cryptocurrency | This comes after so many users received noticed from their banks which were used to buy/sell crypto
https://ift.tt/3p4DSWu
Submitted May 31, 2021 at 09:39PM
Submitted May 31, 2021 at 09:39PM
Why Vitalik is the GOAT
In my opinion, Vitalik Buterin is THE crypto goat, and by that I mean litteraly the Greatest Of All Time, and here is why you should consider him as the goat, or at least one of the greatest :He created Ethereum, which is by itself enough to make him a legendHe launched Ethereum at 20 years oldHe founded Bitcoin Magazine in 2011, making him one of the first to see the potential of cryptos, and he did that at 17 years oldWhen he was 6 years old (yes, 6), he made a very complex and detailed encyclopedia about bunnies on Microsoft ExcelHe dropped out of college to work on the Ethereum blockchain (don’t get me wrong, don’t drop out, I’m just saying that man knew how strong was his project)He litteraly gave A BILLION DOLLAR in Shiba to help the India to fight the covid-19 pandemy, trolling at the same times all the Shiba holders that gave him this money in order to pump the coinHe made donations to other charities for a total of more than 400 millions of dollar (in addition to the previous billion)Ha has an honorary doctorate at the University of Basel, which is cool for someone who dropped out from schoolHe received the Peter Thiel fellowship, I don’t know what it is but it definitely looks coolMan is russian-canadian, that’s coolThis guy is really well known in the crypto community, but I wanted to show you guys a bit of how talented and generous he is, he really is one of the people we as a community should raise :)Have a great day and God bless y’all :)edit : this is just my opinion, but don’t get me wrong, Satoshi is an absolute legend and what he did is also phenomenal
Submitted May 31, 2021 at 10:50PM
Submitted May 31, 2021 at 10:50PM
The last crash showed me that people who said "I would have bought cheap during the March 2020 crash, and would be filthy rich now" would most likely not have bought then
Back then, Bitcoin was dirt cheap, ETH was under $100, ADA under a few pennies. I've been watching the general human pattern in the crypto world and the crash we had a few weeks ago, and I'm fairly confident most people would not have put in a single penny to accumulate during March.It's true what the wise people say: "Watch what people do, not what they say". If you're truly trying to find patterns to make sense of any problem with human pyschology and the crypto world, follow that wise saying. This allows you to know a good time to buy or sell.
Submitted June 01, 2021 at 12:44AM
Submitted June 01, 2021 at 12:44AM
A pilot program is now providing crop insurance to over 10,000 farmers in Kenya, powered by Ethereum and Chainlink
https://ift.tt/3vGUd67
Submitted May 31, 2021 at 10:53PM
Submitted May 31, 2021 at 10:53PM
The only thing more volatile than Bitcoin is this sub.
If there are red candles, 5 out of every 6 posts is why the bull is over and oh cometh great bear. The other 1 post is about hodling.But when there are green candles, it's nothing but upbeat happy thoughts and articles showing even the most minor crypto victories "Fred's ChickenShack 400 miles from downtown Winnipeg now accepts Bitcoin!"It was all extremely confusing when I first got on here, and really helped me make some bad spontaneous decisions (of course any buy/sell choice heavily influenced by reddit is 100% on me) but nonetheless this sub really is a very powerful FOMO/FUD tool.With all that being said...I'm happy for the break in apocalyptic rhetoric (very Eeyore-esque). Now if you'll excuse me, I have a Chicken Shack to visit. unfolding map hmmm...where the hell is Winnipeg.....
Submitted May 31, 2021 at 11:21PM
Submitted May 31, 2021 at 11:21PM
India just unbanned Crypto (today)
It has come to our attention through media reports that certain banks/ regulated entities have cautioned their customers against dealing in virtual currencies by making a reference to the RBI circular DBR.No.BP.BC.104/08.13.102/2017-18 dated April 06, 2018. Such references to the above circular by banks/ regulated entities are not in order as this circular was set aside by the Hon’ble Supreme Court on March 04, 2020 in the matter of Writ Petition (Civil) No.528 of 2018 (Internet and Mobile Association of India v. Reserve Bank of India). As such, in view of the order of the Hon’ble Supreme Court, the circular is no longer valid from the date of the Supreme Court judgement, and therefore cannot be cited or quoted from.https://ift.tt/3yLs7c1
Submitted May 31, 2021 at 09:35PM
Submitted May 31, 2021 at 09:35PM
An unexpected turn of events! The Reserve Bank Of India said banks cannot intimidate their customers anymore who are dealing with cryptocurrencies. Earlier, these banks were quoting from an expired circular from 2018 which was later struck down by the Supreme Court. Bullish!
https://ift.tt/2S1OFEy
Submitted May 31, 2021 at 09:02PM
Submitted May 31, 2021 at 09:02PM
Nano backlog has been cleared!
Nano’s Network was flooded with Spam attacks which got Nodes out of Sync.Developers encouraged node operators to throttle their bandwidth in response, so the targeted nodes could catch up.This made Nano transactions slow down but this has been resolved now!The backlog has been cleared, the network got upgraded and the nodes are all synced up again!Thanks to all the developers, beta testers and everyone who helped to make Nano stronger!
Submitted May 31, 2021 at 08:17PM
Submitted May 31, 2021 at 08:17PM
On this day we remember BTC at 64k and the people who bought the top
It was only 6 weeks ago that BTC reached its ATH of 64,863.10$. For many of us it feels like much longer and the past 2 weeks have been tough especially for people who only joined crypto this year (like me). Lets take a moment and remember that glorious day, April 14th, and remember all the people who fomod the top.
Submitted May 31, 2021 at 04:50PM
Submitted May 31, 2021 at 04:50PM
Thank you, just that.
I wanted to say thanks, some people here on Reddit change my life sending me some doge coins few month ago and that really push my life.I live in Argentina and doge is now worth more than our national currency, imagine. Now ive been holding doge, moons and a couple more cheap coins but I want to start giving back what I can.I'm not a lurker anymore, let's chat
Submitted May 31, 2021 at 02:05PM
Submitted May 31, 2021 at 02:05PM
I built a trading algorithm that detects the most volatile coins on Binance and aims to buy before a potential mooning, other devs are helping making this into a web app.
This trading bot will automatically place trades on the Binance exchange by detecting the most volatile coins in a given timeframe.The project gathered significant attention from the GitHub dev community, and have helped to make significant improvements to the original codebase, and I thought you guys might like it as well.The code was built with customisability in mind, where each user can modify parameters like:Define what % increase constitues a buy signalTime elapsed between price checksTrailing stop loss / take profitStop buying when the market is bearishIn addition to the core functionality, the algorithm is now able to receive and act on external signals which are fully customisable.It uses data from Tradingview, and this returns buy signals according to the most relevant indicators. BY default if at least 18 out of 26 indicators agree that it's a good time to buy a certain coin, this will tell the bot to go buy that coin.The bot also has a newly-implement pause functionality. It essentially analyses 15 moving average indicators and if half of them show that's a bearish market, the bot will not buy during this period.You can also choose and pick any number of custom indicators from oscillators to moving averages and more. Those require a bit of coding, and I'm hoping to make it more user-friendly in the future but the core functionality is there.If you're comfortable with Python and would like to inspect the source code please be my guest:https://ift.tt/3uz8Kzh, if you would like a more detailed guide, and want to try this out start here:https://ift.tt/3i6B7Cj currently working on a roadmap to turn this into a working web-app, so there's no steep learning curve for anyone trying this out. You can follow the development progress on GitHub, or here as I will be posting updates on the progress.
Submitted May 31, 2021 at 02:42PM
Submitted May 31, 2021 at 02:42PM
To those who like to spread love via upvotes in the daily, let’s come up with a hashtag or slogan for the underground group.
I’m not too hip so I said hashtag. But I’ve noticed a lot of people who like to upvote everyone for X amt of mins like I do. In case you don’t know you get MOONS for every upvote received. It’d be fun to have the lighter side of this community to have a name.
Submitted May 31, 2021 at 12:09PM
Submitted May 31, 2021 at 12:09PM
The crypto finance system is surreal and other worldly
I just spent 2 weeks moving money out of a big financial institution and into my crypto brokerage. 2 weeks. Wire transfer fees, limits, and processing times. Then, 24 hours into a wire something is flagged due to "suspicious activity." Cool, I get it, and I appreciate the security. But phone calls and wasted time isn't necessary - give me 2FA and IP Whitelisting and call it a day.Finally go all my fiat moved, and I've been DCAing into my positions all week.I decided to take a sum, convert to stablecoin, and move to an interest bearing account as a portion of my portfolio. It literally took me 5 minutes to convert fiat to stablecoin, enter and approve the withdraw address (2FA and IP whitelist), and for the blockchain to confirm and for the transfer to settle. 5 minutes.5 minutes versus days.Traditional finance doesn't have a chance. I'm done with traditional finance, and I'm all in for the future of blockchain powered financial systems and services.This is the future, there is zero doubt. It's like discovering fire. Can't put that genie back in the bottle.
Submitted May 31, 2021 at 08:32AM
Submitted May 31, 2021 at 08:32AM
Millennials Own More Crypto Than Any Other Generation
https://ift.tt/3p3hnBf
Submitted May 31, 2021 at 08:19AM
Submitted May 31, 2021 at 08:19AM
Why do people think that Cardano is faster than Ethereum?
OK can we please have a technical discussion regarding the scalability of Cardano? Instead of the regular super highly upvoted moontalk (I know this thread will probably be downvoted to oblivion).Cardano currently only handles 7 transactions per second on-chain. Ethereum currently handles 12-15 transactions per second on-chain. By tweaking some parameters in the future Cardano could potentially scale to 50 transactions per second on-chain which obviously still isn't enough for real world adoption. Cardano will scale off-chain with layer 2 solutions (Hydra). But they are awfully behind their competition in developing layer 2 support.Don't take my word for it, even Cardano devs on their own subreddit admit all this.See here: https://ift.tt/3wIDBen here: https://ift.tt/3uzUExU why do so many people think that Cardano is faster than Ethereum?Also, I made this same post intended to discuss the scalability of Cardano two days ago. It quickly rose into the top 50 posts until a bot deleted it from the frontpage stating "there are already 2 posts about this coin in the top 50". But guess what, there are always 2 non-critical moonboy posts about Cardano in the top 50. So it's very unfortunate that technical discussions about this coin have no place on r/CryptoCurrency. I will therefore keep posting this daily, until the day a bot doesn't delete it.Edit: Since this time, this post didn't get deleted, I will add this. I have nothing against Cardano. But I have noted that there currently exists a widespread lack of knowledge regarding the scalability of blockchains in general and Cardano in particular. This is an extremely hard technical problem that haven't been solved for over 10 years. Cardano is not offering a unique quick fix to this anytime in the near future. But I am happy that we now have more projects than ever (including Cardano) that are working on it.
Submitted May 31, 2021 at 06:49AM
Submitted May 31, 2021 at 06:49AM
Daily Discussion - May 31, 2021 (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.Please be careful about what information you share and the actions you take. Do not share the amounts of your portfolios (why not just share percentage?). Do not share your private keys or wallet seed. Use strong, non-SMS 2FA if possible. Beware of scammers and be smart. Do not invest more than you can afford to lose, and do not fall for pyramid schemes, promises of unrealistic returns (get-rich-quick schemes), and other common scams.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.Behave with civility and politeness. Do not use offensive, racist or homophobic language.Comments will be sorted by newest first.Useful Links:Beginner ResourcesIntro to r/Cryptocurrency MOONs 🌔MOONs Wiki PagerCryptoCurrency Discordr/CryptoCurrencyMemesPrior Daily DiscussionsMonthly Skeptics Discussion thread
Submitted May 31, 2021 at 07:00AM
Submitted May 31, 2021 at 07:00AM
Just Left From The Indy 500 - The Bitcoin Car Lead Around 20-30 Laps In Front Of 135k People
Wasn’t that exciting of a race as it was a very clean race with only 2 minor cautions. Either way, it was super exciting to watch and the end was thrilling!As for the reason for this post, I think it needs to be emphasized how big of a deal it was to see Bitcoin sponsor an Indy car. On top of that, the driver of the Bitcoin car, Rinus Veekay, started in 3rd place and lead around 20-30 laps of the total 200 laps.What that means is that 135k in person, saw Bitcoin leading the pack. That doesn’t include the hundreds of thousands watching it on TV too.Exposure is the first step, adoption is next.
Submitted May 31, 2021 at 04:30AM
Submitted May 31, 2021 at 04:30AM
VeChain Foundation: VeChain (VET) Continues To Drive Innovation, Transforming the World for the Better
https://ift.tt/34wNjVi
Submitted May 31, 2021 at 01:15AM
Submitted May 31, 2021 at 01:15AM
‘I felt like a moron’ for not buying Bitcoin, says billionaire Stanley Druckenmiller
https://ift.tt/3fyZBTj
Submitted May 30, 2021 at 11:36PM
Submitted May 30, 2021 at 11:36PM
Lads and Gents grab some popcorn 🍿 Nashville couple sues IRS over Staking rewards tax
https://ift.tt/3p1qYIM
Submitted May 31, 2021 at 12:59AM
Submitted May 31, 2021 at 12:59AM
Cardano (ADA) Price Gains 15% Following Smart Contracts Rollout Plan
https://ift.tt/3wWSeLp
Submitted May 31, 2021 at 12:31AM
Submitted May 31, 2021 at 12:31AM
If you ever feel dumb, just remember there's always people like me.
I used to surf the darkweb in highschool where I learned about the silk road, and in turn learned about bitcoin.I bought $50 worth at roughly $3 bucks a pop. Almost 17 coins worth around $600,000 today.I sold them all for $100 to buy modern warfare 3 and some snacks with some left over for candy.Now don't get me wrong, the mountain dew voltage and dorito fueled madness of MW3 multiplayer was fun, but I don't know if it was half a million dollars worth of fun.Just imagine how many double XP boosters I could've bought with the money? :(
Submitted May 31, 2021 at 12:02AM
Submitted May 31, 2021 at 12:02AM
You absolutely need to be doing a 401k or IRA as well as investing in crypto
The recent rash of anti traditional retirement vehicles is absolutely astounding, short sided, and stupid. Some of you are going to get absolutely wrecked financially because you are all in on crypto and don't know what you are doing.401ks and IRAs offer fantastic tax advantages that straight investing does not. Also if you have an employer who matches you are leaving money on the table by not taking advantage of that. It's foolish. Crytpo is great and should definitely be in your portfolio but it should not be your whole portfolio.I realize this is going to be hugely unpopular here but maybe someone will get it. Take advantage of the tax advantage retirement accounts set up by your govt.
Submitted May 30, 2021 at 11:32PM
Submitted May 30, 2021 at 11:32PM
Goldman Sachs: Ethereum Could Be the World’s Dominant Crypto
https://ift.tt/3fy2BPK
Submitted May 30, 2021 at 05:41PM
Submitted May 30, 2021 at 05:41PM
Advice to guys going to Jail for more than 4 years
Anyone going behind steel bars? This is for you. Sell everything you have and buy the Bitcoin dip. The only thing that you will have grown in value after you serve your term is Bitcoin. Bitcoin will have a new ATH in 4 years time after the 2024 halving. Let those SATS work for you as dungeon eats into your years and productivity.BEHIND STEEL BARS = DIAMOND HANDS!
Submitted May 30, 2021 at 08:16PM
Submitted May 30, 2021 at 08:16PM
Real, mainstream crypto adoption is happening right now. You just haven't realized.
Yes, that's quite the title, I know. But after seeing the hundredth post on the frontpage talking about altcoins that have real use cases, I can't stop thinking about this one.You all know Venezuela, right? The country with space-high inflation rates, the one that /r/cryptocurrency says crypto adoption is feasible.Well, it's finally really happening.I'm Venezuelan, so let me explain some weird things about our economy. First, prices double every 3 months. Second, we don't have access to USD bank accounts in the country. And third, physical cash is scarce: Bolivares because you need a lot of them to pay for little, and USD because the "dollarization" isn't official, small change simply doesn't exist (coins, for example). This creates the perfect variables for digital, exact payment. This is where the Reserve Protocol comes in.We have been using some digital payments app since a while ago, apps like Zelle, PayPal or Transferwise. The problem with those apps is that they often close accounts in Venezuela to avoid problems with the US government. Simply put, those companies just didn't want to deal with the problem that is Venezuela related legislation.Enter Reserve. The team at Reserve created a stablecoin alongside an easy to use app for mainstream use. The app allows people to deposit Bolivares (the local currency) from their bank account and instantly exchange them for dollars (RSV stablecoins!). You might be thinking, well, that isn't that big of a deal, is it? Thing is, it is. Venezuelans can't just exchange Bolívares to USD legally because there aren't any bank accounts in USD inside Venezuela. The only way to save in USD would be to open an account in Panamá or risk your money getting lost in Zelle or PayPal. The app allows people to send RSV, pay with RSV, receive any crypto and convert it to RSV or Bolivares and so on. Reserve is literally saving people from hyperinflation.Well, why do I say mainstream crypto adoption is happening? Because people aren't paying in bolivares anymore. It is estimated that in 2020, 55% of transactions were made in foreign currency, and that number just keeps growing everyday. Now, the great part.The Reserve app has more than 100k downloads. People are using crypto, not as a way to invest, not as a store of value, but as it was intended: a currency. And it's happening right in front of us, but we're too worried about the price going up or down so much that we missed the real reason crypto is here: to serve as a currency when fiat fails us. In my case, fiat failed me. And crypto, for me and many more, is the way.
Submitted May 30, 2021 at 08:45PM
Submitted May 30, 2021 at 08:45PM
Extra quick Nano update: Average CPS of 80 (!!!!) with backlog to be cleared in 12 hours!!!
Edit: Check my first post about Nano's recovery here: Nanolooker just reported a CPS of 32, fluctuating from 16 - 30 CPS (In contrast to >1 CPS before upgrades)https://ift.tt/34vUOM2 a site from a user of the Nano subreddit, average CPS has shot up to above 80 and the backlog will be clear by the end of today if it stays that high!Edit 2: What is CPS and what does this mean?I'm sure there's other people who can describe it better, but basically, CPS (Confirmations Per Second) is how many transactions the network is confirming per second, meaning that it is currently tearing through the backlog of millions of unconfirmed transactions.Before the upgrades, the network could barely break 5 CPS, with it often dipping below 1 CPS, with a backlog of millions and millions of transactions piling up from the spam attack. This basically crippled the entire network. Lots of services using Nano either temporarily shut down, or were working at less than 1/10 the speed (or not at all.)Now, not only is the network able to confirm transactions faster than they are coming in, but it's getting through the backlog faster and faster. Just a few days ago the CPS was around 15 - 30 with the backlog expected to take about a week to clear at minimum.Yesterday I think it was around ~45, and today we're seeing speeds from 70-90 CPS with the backlog expected to be cleared today. Transaction confirmation time seems to be back under a second, but some nodes are still catching up. Hope that helps some :)
Submitted May 30, 2021 at 06:27PM
Submitted May 30, 2021 at 06:27PM
A comprehensive guide to building up your nest egg and earn passive income from your crypto. (Repost)
The last post died in new because it was stuck in a mod queue for 6 hours. So reposting it for more visibility. Would love suggestions for next week's update!I have seen amazing responses on the last post which so now we getting weekly updates! Weekly updates will serve the purpose to update tables as new information comes in, onboard new users to the 8th wonder of the world: compound interest, and also answer your important questions!The 3 methods mentioned below are by far the most popular ways to earn a yield on your cryptocurrency:Question: What is Cryptocurrency Staking?Staking generally refers to the holding of your cryptocurrency funds in a wallet or an exchange and hence supporting the functionality of a blockchain system. The cryptos are being locked in their wallets by the stakeholders. They are then rewarded by the network in return. Staking provides a way of making an income.Question: What is Cryptocurrency Lending?Crypto Lending is a transaction in which you can lend your crypto and earn interest rates that accrue over a period of time. The transaction is supported by Crypto Lending Platforms selling loans to various cryptocurrencies such as Ether, Bitcoin, and Stable Coins.Question: What is Liquidity Providing?Liquidity Providing is a way of earning money on your coins in a decentralized manner which is managed by the smart contract. The pool is used for liquidity to power the swapping ability of a DEX. Investors are encouraged to deposit into liquidity pools because they earn revenue from the swaps that happen on the DEX platform.Question: How do I choose what is best for me?Go through the pros and cons of each and you will get to know which is the best for you!Pros:Cryptocurrency StakingCryptocurrency LendingLiquidity ProvidingNon-Custodial which means you are in control of all your coins at all times.Easy to use and very low learning curve. It is just a deposit and you earning interest.Non-Custodial which means you are in control of all your coins at all times.Many options you can stake in the safety of your own wallet or stake on an exchange to get instant liquidity for sellingThe reward we are compensated for FAR outweighs the non-custodial aspect of the services.Potential to earn the governance coin just by participating which boosts yield.High APY for certain coinsLow barrier to entry which means you can start with a small number of coins tooHighest APY out of all other optionsCons:Cryptocurrency StakingCryptocurrency LendingLiquidity ProvidingHigh barrier to entry for some coins. where you got to deposit a lot of coins if you want to stake non-custodial.It is a custodial Service. So you are not in control of your coins at all timesExtremely High fees right now to deposit and withdraw liquidity from a pool.Vulnerable to Exploits and Hacks in the smart contractVulnerable to bad decision making in the company or inside jobsVulnerable to Exploits and Hacks in the smart contractThe high learning curve for some coins like ETH2 where you have to set up validatorsWithdrawals are usually not instantYou have to worry about slippage high gas fees and impermanent loss. So I would only suggest LPing if you are more experienced.Note: Don't get scared by the cons as the hacks and inside jobs are virtually non-existent for good exchanges, services, and smart contracts. If you DYOR effectively this should not be a problem for you.Question: How to earn a yield on Bitcoin?You cant stake bitcoin so you have to rely on lending services for nowDecentralized lending services exist but the APY is too low to consider (0.26%)Here are a few reputable services that provide a yield on BitcoinServiceBlockfiCrypto.comCelsius Network/VoyagerLedn.ioNexo.ioSwissborgAnnual interest rate5%1.5%6%6.1%4%3%LockupNo lockupNo lockup normally but Lock up is also available for boosted rewardsNo lockupNo lockupNo lockup normally but Lock up is also available for boosted rewardsNo lockupService has its own token for boosted rates?NoYesYesNoYesYesNote:Celsius and Voyager are together because Celsius has partner with Voyager to provide yield for Voyager customers.Celsius yield is only 6% for US customers. Internationally it's 3.51%Question: How to earn a yield on Ethereum?The best way right now is to partake in ETH2 staking APY is currently between 6-8%. If you have less than 32 ETH you should stake it on a reputable exchange like Kraken or Binance.Important: ETH 2 rewards will be locked till ETH2 hard launches. But you can still trade back your locked eth to normal eth by the respective pairs on the exchangeAnother way is to do it is via rocket pool when it launches.If you don't like the idea of locking up your coins here are some services and the yield they provide on Ethereum.ServiceBlockfiCrypto.comCelsius Network/VoyagerNexo.ioSwissborgAnnual interest rate4.55%2.5%5.05%4%3.5%Question: How to earn a yield on Stablecoin?You could use the services mentioned below or you can dip your toes in DEFI lending like Anchor protocol (over 20% APY on UST !) or use the Compound protocol.Liquidity providing is also a good option but you have to worry about slippage high, gas fees, and impermanent loss. So I would only suggest LPing if you are more experienced.ServiceBlockfiCrypto.comCelsius Network/VoyagerLedn.ioNexo.ioSwissborgAnnual interest rate9.3%6%10%12.5%8%7.25%Question: How to earn a yield on other coins?Some coins can be staked in your wallet in your custody. Some can be staked on exchanges like Kraken and Binance. Please do not miss out on these rewards, they compound and will help you reach financial freedom quicker.Note: some of the services I mentioned above are non-custodial. The "not your keys not your crypto" comes to mind. But I feel that the reward we are compensated for FAR outweighs the non-custodial aspect of the services.Good websites to learn more about rates and places to earn a yield on other coins are:interest.coinmarketcap.comstakingrewards.comNow for some questions that I got from the previous update.Question: I only have a small amount in crypto should I still stake my coins?A: credit to AhwahneeBanffMost people underestimate the power of compound interest, especially when being turbocharged by a rapidly appreciating asset.Let's say you buy 5000 Cardano at $2 and 5 years later it becomes $20. Given a 5.5% APR (The most common number I see on the stake pools) you would be earning:Year 1: 275 Cardano earned from staking, or $550 in fiat earning, 5.5% fiat return (550/10,000) Year 5: 275 Cardano earned from staking, or $5,500 in fiat earning, a 55% return! (5,500/10,000)And this is not assuming compound interest, on year 5 I would actually have 6,534 Cardano which gives 359 Cardano given a 5.5% compounded return. This means $7,180 in fiat return (359x20), which is a 71.8% return on my initial $10,000 investment into Cardano, annually!Even if you have a small portfolio you should definitely start. Magic of compound interest + appreciating asset price will help you reach your own goal a lot quicker and with a lower amount of capital than if you were to ignore it.The best part is that you're usually earning it in kind, so even if the current USD value seems insignificant, I suppose you're not invested in anything you don't expect will increase in value, so every dollar this week will hopefully be worth way more. Just a nice passive DCA basically.This means even if you think staking is insignificant right now you would be surprised if crypto adoption keeps rising a couple of years down the line.Question: Where's the catch for the >10% yields on stablecoins? It sounds a little too good to be true, so I'm skeptical...A: There are a few ways that service can offer rates like this when other savings accounts offer fractions of this return rate:No FDIC Insurance. Without this restriction, these services can take larger risks on the assets that they hold, while traditional banks are required to hold a large amount of Treasury Bond/Cash. This also means that if these services go broke, the US Government will not step in, and reimburse our deposits.They offer loans to other companies doing business in the crypto space. Since these companies have trouble getting loans through traditional banking, these services are able to charge premium interest rates on these companies.It seems that they are also using their Crypto assets, and their novel position in the market to offer other products to consumers, like offering loans backed by your crypto, or a credit card. I would expect these offerings to expand over time.Question: What is the better way, staking through a wallet or through a DEX?A: Depends on what's easier for you personally. DEX has higher rates but more complicated to set up. CEFI is easier and just deposit and forget about it but fewer rates and centralized. It's up to you!Question: How much do you think you will need to have invested for a return of 4k a month?A: Depends on what coin you earning interest on. If it's a stable coin Around 400000 dollars If it is in Bitcoin it would be more like 1 million dollars worth of BTC.Question: What is binance savings?A: It is flexible savings on Binance, which supports a couple of dozens of coins, and takes seconds to activate.I hope you find the guide helpful and see you next week!
Submitted May 30, 2021 at 03:40PM
Submitted May 30, 2021 at 03:40PM
BitBoy Crypto's Ben Armstrong made a video to announce how he sold $2M of his alts earlier this morning to get "ready". He probably panic buying right now. Sell low buy high is the name of his game.
He made a point to let everyone know this morning, when people were very uneasy already, how he sold off his $2M in alts. Basically trying to encourage people to sell their stack too.Ben's stuff is unbearable with his cringyness as it is and lately the FUD he is stirring up. Please don't listen to this guy who likes to sell low buy high.not going to link his video to give him views but if you are curious you can look up the video from this morning
Submitted May 30, 2021 at 01:00PM
Submitted May 30, 2021 at 01:00PM
Some of us need to go touch grass.
So many of us will say "I will hold no matter what". And you know what? That's awesome. I really do think we will be rich in a few years time. But that's the thing. It will take a few years. Are we really going to check the charts and the daily thread 20 times a day? I mean what's the point, if we aren't going to sell no matter what?Lately crypto has been a lot of what I think about, and I don't want that to be the case for years at a time. I'm gonna go touch grass, live my life, mine some fiat, and just consistently keep buying. If crypto goes way up, I'm sure I'll find out, and come right back here. If it plummets, same thing. But I'm going to make a conscious effort to pay less attention to it and focus on the rest of my life, and I feel like maybe some of you could benefit from that as well.Anyways,See you in a few years, or in the daily thread tomorrow if I fail.
Submitted May 30, 2021 at 03:06PM
Submitted May 30, 2021 at 03:06PM
Two years ago my grandpa told me I was an idiot for investing in cryptocurrency. Today I sold some BTC to help him pay for his hospital bills.
My grandpa currently doesn't have private healthcare, he fell off the stairs and luckily only broke his arm, it was a triple fracture, he is covered by universal healthcare but we were told he needed to wait between 2 to 5 months for a team of specialists to perform the surgery, so my family opted for a private clinic instead.Grandpa insisted he wanted to pay all by himself, but in order to do so he would have had to spend all of his life savings since it's a really expensive surgery and he needs a prosthesis. So we split the bills between my dad, my uncle and I. Now, I won't tell my grandpa I used crypto money to help him, the biggest satisfaction was being able to help my family, and all because of my initial investment in crypto. I'm still HODL and DCAing btw. But no amount of money/cryptocurrency can replace the people you love, remember why you got into crypto in the first place, people matter, money comes and goes.I needed to tell somebody, so I'm sharing my story here. I don't come from wealth so, hadn't I invested in early 2019, I would've never been able to help my family financially. That's why I'm so thankfull with the whole Crypto ecosystem, and you people are all part of it.So I guess this is the same piece of advice we are constanly repeating on this sub, but it's the truth, if you DYOR and understand what you are getting into, no matter what the project if you believe it has potential they don't let anybody discourage you, invest wisely what you can afford to lose and HODL.Edit: Spelling.
Submitted May 30, 2021 at 03:47PM
Submitted May 30, 2021 at 03:47PM
Hope this doesn't count as insider trading but I overheard a couple guys in County jail talking about an Etherium fork..
Apparently there's a token coming out called mETH. These two guys were so bullish on it that they literally wouldn't talk about anything but mETH for entire days at a time. One of the guys even stole his mom's silverware to sell for more mETH. (Buy the dip amiright?)My only concern is the environmental factor. The other investor was pretty burned. Apparently his mining center overheated and legit exploded. (They're called mETH labs btw). Anyways, wanted to share that here with y'all.💎🙌 keep those Crystal Hands!
Submitted May 30, 2021 at 12:26PM
Submitted May 30, 2021 at 12:26PM
Crypto .com is advertised on ice during tonight’s Montreal vs Toronto hockey game
This is the first time I’ve noticed a crypto company advertised during a sport and just wanted to bring it to attention. I don’t use crypto .com but I still think this is huge for the movement. Very excited for the years to come.
Submitted May 30, 2021 at 08:13AM
Submitted May 30, 2021 at 08:13AM
I bought a shitcoin that was pretty popular during the last bull run - it’s still 99% down from ATH
Wayyy back I bought a coin called xtrabytes - it was actually popular (shilled) for a short period on this sub in 2017. It was hailed as the next ethereum. The team was talking about a patent - everybody was waiting for it… but it never came.Anyway it’s clear that it’s a shitcoin and it never recovered this bull run. It’s still 99% down and still bleeding. I bought such a small amount it doesn’t matter to me but it is kind of funny in hindsight.Here’s a reminder that not all coins recover from a bear market. If you want to gamble on a shitcoin then go ahead but don’t expect a recovery like btc or eth in the next bull market.Stay safe out there my humans!
Submitted May 30, 2021 at 10:50AM
Submitted May 30, 2021 at 10:50AM
I built a site that combines social media and keeps track of the most talked about crypto symbols
I built a site that takes posts from 14 different subreddits on reddit as well as from thousands of popular crypto investing twitter, YouTube, and tiktok users and places them into one searchable and organized place. The site keeps track of the most talked about cryptos and places them under “Trending”. You can see the performance of all the different symbols across the crypto market. The site is a great way to find new crypto projects to invest in as well as find more information about projects you are already interested in. Simply search for a ticker symbol and see all posts containing that symbol across social media. It also comes with a lot of different tools to build custom alerts and analyze the correlation between social media trends/sentiment and crypto prices.This has been a super useful tool in helping with my investments and learning more about the crypto space in general and I felt like it could benefit you guys as well.CryptoCompiler
Submitted May 30, 2021 at 10:32AM
Submitted May 30, 2021 at 10:32AM
I found the oldest known cryptocurrency post on Reddit.
Inspired by an earlier post on the front page I did some digging and found the earliest known thread on Reddit regarding cryptocurrency and bitcoin. I thought this was really interesting. Some of the comments are similar to this subreddit at the moment.I made a mistake with the timing, it looks like it was posted around January 2010.https://ift.tt/3vyF1bl
Submitted May 30, 2021 at 04:14AM
Submitted May 30, 2021 at 04:14AM
Daily Discussion - May 30, 2021 (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.Please be careful about what information you share and the actions you take. Do not share the amounts of your portfolios (why not just share percentage?). Do not share your private keys or wallet seed. Use strong, non-SMS 2FA if possible. Beware of scammers and be smart. Do not invest more than you can afford to lose, and do not fall for pyramid schemes, promises of unrealistic returns (get-rich-quick schemes), and other common scams.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.Behave with civility and politeness. Do not use offensive, racist or homophobic language.Comments will be sorted by newest first.Useful Links:Beginner ResourcesIntro to r/Cryptocurrency MOONs 🌔MOONs Wiki PagerCryptoCurrency Discordr/CryptoCurrencyMemesPrior Daily DiscussionsMonthly Skeptics Discussion thread
Submitted May 30, 2021 at 07:00AM
Submitted May 30, 2021 at 07:00AM
Do we dip on Sundays? Here's how Bitcoin has fared on every Sunday so far this year...
Hey guys, there's a lot of talk about the mythical Sunday dip going around so I thought I'd see how BTC has fared so far this yearAll prices were taken from CoinMarketCap and I used the opening and closing price to gauge how well it performed. Any gain/loss that was less than 1% is classed as breakeven. I did double check everything but I apologise in advance if anything is incorrectHere we go...Sun 23rd May 8% lossSun 16th May BreakevenSun 9th May 1% lossSun 2nd May 2% lossSun 25th April 2% lossSun 18th April 6% lossSun 11th April breakevenSun 4th April 2% gainSun 28th March BreakevenSun 21st March 1% lossSun 14th March 3% lossSun 7th March 3% gainSun 28th February 2% lossSun 21st February 3% gainSun 14th February 3% gainSun 7th February BreakevenSun 31st January 3% lossSun 24th January BreakevenSun 17th January 1% lossSun 10th January 4% lossSun 3rd January 2% gainAs you can see, we've had more losses than gains but most of the losses were insignificant amounts like 1-2%. You've essentially got the same chance of breaking even or making a profit if you don't sell in anticipation of the Sunday dipHope some of you find this useful!
Submitted May 30, 2021 at 12:30AM
Submitted May 30, 2021 at 12:30AM
More companies are investing in Bitcoin, reveals SEC filings - Globant bought $18 million worth BTC
https://ift.tt/3c3RBHM
Submitted May 30, 2021 at 01:02AM
Submitted May 30, 2021 at 01:02AM
Dear Bitcoin
Dear Bitcoin, I bought some of you but you still ain't moonedI sold my car, my valuables and the coins from the couch that were at the bottomI sent two bitcoin To Bill Gates in exchange for 10 but he must not-a got 'emThere probably was a problem on the exchange or somethin'Sometimes I scribble addresses too sloppy when I jot 'emBut anyways, fuck it, when lambo man? When's your bottom?My girlfriend's buying too, I'm 'bout to be a financial advisorIf I make my own token, guess what ima call it?Something with a dog.I read about the China news too I'm sorryI had a friend sell his Bitcoin and say he didnt want emI know you probly hear this every day, but I'm your biggest fanI just lost all my bitcoin in some scamI had a drive full of your coins and your wallets manSo i bought some more with my latest paycheck, that shit was fatAnyways, I hope you moon soon man, hit some greenJust to stack, truly yours, your biggest fanDiamond hand
Submitted May 30, 2021 at 01:07AM
Submitted May 30, 2021 at 01:07AM
Crypto gave me lifesavings (over 100k)
Last year I finished my university and I started my worklife with a student loan which needs to pay off.I was lucky and got a good paid job directly after university. I dumped every month around 1k into crypto ( mostly BTC and ETH ) . Now (after 1,5 years) i got paid off my student loan and have a life saving amount which I would take usually 10 years to pile up in a normal life. I am so thankful for every day. I just wanted to sayEdit: Wow ! Thank you so much for your awards and feedback! Makes me speechless:)
Submitted May 30, 2021 at 02:29AM
Submitted May 30, 2021 at 02:29AM
Crypto Whales Just Bought $2,850,000,000 in Bitcoin
https://ift.tt/3vKExi4
Submitted May 29, 2021 at 08:07PM
Submitted May 29, 2021 at 08:07PM
If You Can Hold a 401K Plan for 30-40 Years, You Can Hold Bitcoin for 3-4 Years.
You also only have to buy into BTC once, unlike a 401K where most people keep buying back in every pay check only to lose what you earned in interest by paying a penalty if you withdraw too early. Because that's the trick. The trick to a 401K is to get everyone to hold because if everyone sells, then everyone else who didn't sell fast enough will lose money and the whole thing will crash. That's why they charge penalities.It's like investing in safemoon and they charge you penalities for selling In order to keep the current value more stable so the entirety of holders don't start panic selling it into oblivion.Also you can panic sell a 401K too. It happened to many people after the housing market crash of 2008. My mom panic sold her 401k because it went from $50K to $9K ...I don't know much about investing then but I will never forget what she said. I was afraid I would lose it all, it kept going downWhat she says sounds much like what people say about Bitcoin.Nowadays my mom is retired, and sometimes she brings that up...I should've just kept it in...it went back upUnfortunately this is how the most powerful people work. They shake out weak hands so they can buy up super low. Otherwise there would be no big guy buying your shit back.Rich are buying your shit cheap for a reason...not just because they are just speculating.So yeah, you can get serious FUD with 401K and it's not just coming from my mom. Many honest hard working people don't understand the game whales play...they get shilled into things and are convinced it's safe because their employer offers it. All a 401K is, is investments into stocks and bonds that are stable but not always safe.So if you can continually dump every paycheck into something that penalizes you for withdrawing early and hold that shit for 30 years , then you can buy Bitcoin once and hold it for 3 years without any penality for withdrawing some too early unless tax on capital gains. But that's normal.So stick to your original plan, and hold.
Submitted May 30, 2021 at 12:22AM
Submitted May 30, 2021 at 12:22AM
Most posts in this sub are just people trying to reassure themselves and their confirmation bias. Please upvote quality content!
There's a very small amount of quality posts in this sub because creating quality writeups is hard.Most of it is just high upvote sob stories, links to articles someone posted first, "Unpopular Opinion", "Popular Opinion" crap, just like this post actually.It's just people looking for confirmation bias and to feel better about their decisions. "Zoom out", "HODL 5 Years", "In It For The Long Haul", "Just DCA", "Bear Market Good Keep Buying", "Don't frighten newbies!" it's all just mental masturbation or moon farming.After that the worst ones are "What I learned in Crypto" and "Crypto Veteran" posts. We've heard it all before, just... we know. Don't keep coin on exchange, invest what willing to lose, blah blah. Yes. We KNOW.Downvote all that stuff. Downvote this post as well, and make sure to upvote the quality posts where real effort was done by the redditor.This only took me 5 minutes to write, posts like this one should not be rewarded with 20,000 upvotes.We should reward the hard-working redditors with moons.Posts like these should get upvotes:DeFi Explained: The FULL Guidehttps://https://ift.tt/3i3ZvED like this shouldn't get 30,000 upvotes:This is how you make money with cryptohttps://https://ift.tt/3yGtJ6C it. Feel free to comment.
Submitted May 29, 2021 at 11:47PM
Submitted May 29, 2021 at 11:47PM
Random Strangers are NOT messaging you to help you with your crypto investing.
Guess what? That Reddit Profile with the attractive person's picture randomly messaging you after you posted about being unsure if you should drop 5k on BTC or ETH is not a helpful stranger.More than 99% of these messages are from scammers. They might want to invest your money for you or want you to join an investment group or push you towards a shitcoin purchase, but they aren't doing it to help you or as part of a legitimate honest business. It is unlikely the person who reached out to you is one of the less than 1% of people not trying to scam you.What the person is saying sounds great because it is not true. Please don't lose your crypto because the greedy part of your mind wants to make quick profits.
Submitted May 29, 2021 at 10:46PM
Submitted May 29, 2021 at 10:46PM
Used my moons to buy a new baby car seat
Took a little bit of a process to go from reddit moon vault to crypto debit card to make the purchase but it was well worth it.The best part was telling my wife that my Reddit crypto money called Moons will be covering the costs for this important purchase 😂
Submitted May 29, 2021 at 10:39PM
Submitted May 29, 2021 at 10:39PM
Just bought a dinner using Nano! This is amazing!
That's right. Just paid a family dinner using Nano in Europe. How amazing is that?Real adoption is here! All you have to do is have a Binance card (which doesn't support Nano) so you gotta exchange your Nano for USDT or BUSD, then exchange that BUSD to Euro and top up your Binance card with it. This way you avoid most of the fees and you get to pay fast and almost-feeless.That's it, the merchant doesn't even know you paid with Nano, and I'm glad that's how it works because he most likely has no idea what Nano is.Nano is amazing.
Submitted May 29, 2021 at 08:31PM
Submitted May 29, 2021 at 08:31PM
I may have stumbled into the first ever Bitcoin post on reddit
/r/Libertarian/comments/dr90p/has_rlibertarian_heard_about_bitcoin/
Submitted May 29, 2021 at 08:09PM
Submitted May 29, 2021 at 08:09PM
I feel like the main goal of cryptocurrency has been lost slightly here.
The mentality seems to be; wanting coins to moon and wanting to quadruple your initial investment in the shortest time span possible. There’s a distinct lack of patience.The majority look at coins like dogecoin or shiba coin rather than coins like Algorand, Cardano or Harmony. Treating this like some get rich quick scheme.Did we lose the basic fundamentals of why we invest in cryptocurrency because it feels like we have, and it feels like the majority of the community here are from WSB and still have GME in their head.Maybe a bear market will shake it up a little bit but I lose hope when I see diamond hands 💎 💎 for the 17th time in 5 minutes.
Submitted May 29, 2021 at 03:51PM
Submitted May 29, 2021 at 03:51PM
Why are some people surprised that Doge transactions have dropped massively?
I mean that’s the nature of memes isn’t it? They come then then they go. This is the reason we don’t still say “whasssssup” when we meet someone and why you rarely see “charlie bit my finger” anymore. It’s also the reason you need to be careful when you get in. Just like a real meme, if you get in early you’re quite funny and maybe a bit edgy, but sharing “this is bill” in 2021 is less likely to go down well.Don’t get me wrong, i’m pleased for the people who made money, i’m just not surprised interest has dwindled a bit.
Submitted May 29, 2021 at 02:00PM
Submitted May 29, 2021 at 02:00PM
From an investment point of view, a bear market can be the best thing that's ever happened to you.
Let me start by saying that I don't think we've entered a bear market. As others have said, I think the dip we're experiencing now is similar to what happened in September 2017 (China fud, of course) during the last bull run, which was a minor blip (crashing from around 5k to 3k) before going on to make a new ath of 20k just 3 months later. But obviously I don't know what's going to happen next anymore than the rest of you.Either way, if or when a prolonged bear market does arrive, you don't necessarily have to see this as being such a bad thing.Thanks to the 2-3 years of accumulating during the last bear market, I was able to accumulate over 10x the amount of crypto that I had during the bull market, even though that 10x was actually worth less in fiat value come March 2020 (I was down 50% after 2 and a half years in this game. Not a wonderful feeling at the time I've got to say). Those painful days, weeks, months and years turned out to be an absolute blessing in disguise. I don't have a high paying job, and I never would have come close to owning the amount of crypto that I currently own had the prices continued to go up and up.The previous bear market put me in a great position entering this bull run. I've even started profit taking for the first time and have managed to take out all of my initial investment while still keeping a significant amount of crypto, way more than I could have imagined in 2017.Just like you, I want to see the prices going up, and would really rather not enter another bear market right now. But sometimes the things we want are not necessarily what we need, and sometimes the things we fear the most can actually turn out to be the best thing that can happen for us.To tweak a Warren Buffet quote:"the stock market Crypto is a device for transferring money from the impatient to the patient.”Bear or bull, patience is the key.Keep learning, keep stacking what you can afford to stack, stay safe and enjoy the ride!
Submitted May 29, 2021 at 05:31PM
Submitted May 29, 2021 at 05:31PM
Yesterday marked the first Project to officially move from Ethereum to Cardano. SingularityNET has moved citing transaction speed and cost as a compelling reason to go to Cardano.
Between May 28 and the 31st, all AGI tokens in exchange wallets or held on Ledgers etc will be converted from AGI to AGIX, so that they can run natively on Cardanos blockchain.This is the first project to have completed a move and I think as we have a date now for Smart Contracts (end of August) it will be the first of many.While ETH 2.0 will be cheaper and faster than Ethereum is now, there’s still a compelling case for projects to use the ERC-20 converter, move over to Cardano and enjoy cheaper fees, faster transactions, energy efficient network and have their token represented natively with all the same rights and priorities on the network as ADA.Charles Hoskinson claims there are just over 100 projects looking to move from Eth to Cardano as more functionality is added in the coming months. Whether that number changes due to updates in Ethereum 2.0’s development remains to be seen.
Submitted May 29, 2021 at 04:37PM
Submitted May 29, 2021 at 04:37PM
The US dollar looks like a sh*t coin from crypto's perspective
- 27 trillion in circulation- unlimited supply cap- only 1 node- 1% of holders own 30%- 25% supply minted in the last 6 months- 38 million notes printed every day- loses at least 5% of value every year- in a bear market since its conception
Submitted May 29, 2021 at 02:43PM
Submitted May 29, 2021 at 02:43PM
This crash needed to happen, and the bull market is not over yet.
Many people are trying to draw connections between the many corrections of 2017, the crash that signalled the end of the bull market in early 2018, and the current market cycles of this bull market.So far this bull cycle, Bitcoin has had a few corrections around the 30% mark. A 30% correction in this market is not the same as any of the 30-40% corrections in 2017 for one key reason, sentiment. In 2017, people did not expect 30-40% corrections to lead to a continuation of the bull market. In 2017, Bitcoin was breaking into the mainstream, and we saw the first major alt seasons with Bitcoin losing a significant portion of its dominance for the first time.How is this time different? This time, people EXPECT 30-40% corrections to lead to a continuation in the bull market. Therefore a 30-40% correction is not capable of instilling the same level of fear and panic as a 30-40% correction did in 2017. In 2017, the 30-40% corrections lead to massive alt sell-offs, and mass panic. During the correction from 3k to $1.8k, many people were claiming the bull market was over. Same for the China ban crash in September. This time, basically no-one was calling for an end of the bull market during the crash from $42k to $28k, or $58k to $43k, those were just 'normal' corrections.This is the first crash this bull market that has actually lead to panic, and alt sell-offs. In this respect, this crash is similar to the crash of June/July 2017. Bitcoin crashing 50% from its ATH was simply necessary, as any smaller crash was not capable of shifting sentiment. This is made clear by looking at Bitcoin dominance. Bitcoin did not even reclaim any dominance (i.e. alts weren't dropping more than Bticoin on average) until Bitcoin dropped below $40k.Tl;dr: This is the first crash this season that was powerful enough to shift sentiment. This makes this crash analogous to the June/July and September corrections in 2017, despite this being a larger correction.
Submitted May 29, 2021 at 12:25PM
Submitted May 29, 2021 at 12:25PM
Old soap: China has banned Bitcoin 5 times since 2013
https://ift.tt/3p0YkYe
Submitted May 29, 2021 at 09:27AM
Submitted May 29, 2021 at 09:27AM
Crypto no-no's: Common mistakes that everyone should avoid.
Never send a large amount of funds without a test transactionDon't invest in shitcoins, they may succeed during a bull market but many of them won't exist after a bear market.Keep crypto in cold storage as long as you don't need it liquidDon't buy from RobinHood or anywhere else that doesn't give the option to withdraw the actual coinsDon't try to time the market, just use Dollar Cost AveragingDon't transfer / sell / exchange coins for no reason, you will be destroyed by feesNever reveal your positions to anyone else on the internetDon't tell people you own crypto unless you trust them fullyHopefully some of you can learn from my (and many other members of this sub) mistakes!
Submitted May 29, 2021 at 09:56AM
Submitted May 29, 2021 at 09:56AM
Ethereum node will be delivered by SpaceX at International Space Station
https://ift.tt/3vCWTSs
Submitted May 29, 2021 at 04:35AM
Submitted May 29, 2021 at 04:35AM
Daily Discussion - May 29, 2021 (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.Please be careful about what information you share and the actions you take. Do not share the amounts of your portfolios (why not just share percentage?). Do not share your private keys or wallet seed. Use strong, non-SMS 2FA if possible. Beware of scammers and be smart. Do not invest more than you can afford to lose, and do not fall for pyramid schemes, promises of unrealistic returns (get-rich-quick schemes), and other common scams.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.Behave with civility and politeness. Do not use offensive, racist or homophobic language.Comments will be sorted by newest first.Useful Links:Beginner ResourcesIntro to r/Cryptocurrency MOONs 🌔MOONs Wiki PagerCryptoCurrency Discordr/CryptoCurrencyMemesPrior Daily DiscussionsMonthly Skeptics Discussion thread
Submitted May 29, 2021 at 07:00AM
Submitted May 29, 2021 at 07:00AM
There is a real possibility that the "bull run" is over. Deploy cash wisely, lots of lessons to take away from the 2018 crash
I just thought I'd make a post as many on the daily thread seem eager to buy up all the dips. I was here in 2018 crash cycle.. and now the market looks and feels just the same as back then too. The exact same sentiment. People buying up dip after dip, just for the prices to dip and dip even more. and many became permanent community members. Same kind of frothy top with lots of garbage. Back then we had XVG in the top, now we have Doge, Shibu etc.Even in 2018 the initial leg of the crash was wild, and everyone thought it would snap back up very soon. Infact even in May/June 2018 many believed the market would resume. Lots of corrections were bought, and after a while many were down more than 50% of their capital even though they bought after a huge correction.Ever wondered why NANO has so many reddit subscribers despite very little adoption and even not on Coinbase yet? The answer is easy to put together... It corrected from $40 to $1 and so many bought on the way down and kept doubling down, believing it would snap back up. Not singling out NANO, most of the coin communities were just the same. Most coins corrected as much as 97% from their peak value, and stayed there for months. Many of those who held through 2018-19 did so at an extremely large mark down on their investments.Right now, the BTC crash from 58k level to 30k invalidated a lot of patterns, mostly invalidated any trend indicating resumption of the bull run in the short time period. If BTC breaks above 45k again, then there is an occasion to be bullish again, but otherwise it would be wise to understand the risks and acknowledge the possibility of a long and drawn out bear market.When many start believing that "this time it's different", the market has a wicked way of reminding people that it is not so different.Big money isnt buying these small dips because they know the big correction is coming. If you really think institutions are stepping in and want to buy into crypto, they dont want to buy at $35k when they know they can engineer the prices to much lower levels and buy in there. They have all the tools - from media manipulation, to onchain tricks, to even early inside warnings on regulatory actions before it reaches the average retail investor. Infact many crypto desks assist institutions with pushing the prices down so they can get a favourable entry.Make no mistake - the crypto market is growing and is here to stay, innovation is happening at a breathtaking pace. But the short-medium term could be a bit wild if you dont understand the risks in this asset class where a 95% correction was the norm for majority of the coins in the last cycle.My 2 cents - buy the dips if you want to, but always leave extra fiat on the sidelines just in case it corrects further. There is nothing to be gained by going all in at a 15% daily dip or even a 50% dip on alts, when it can correct another 45%.
Submitted May 29, 2021 at 04:18AM
Submitted May 29, 2021 at 04:18AM
Fidelity Says It Has Sold $102,000,000 in Bitcoin to Wealthy Investors
https://ift.tt/2R56xhA
Submitted May 29, 2021 at 01:28AM
Submitted May 29, 2021 at 01:28AM
I’m selling all my crypto, not by choice, but at least it’s giving me a fighting chance.
I got into the market around 2017 with like $300. Since then, it’s built up to about $5k. It was actually closer to around $8k just a few weeks ago, but we all know what happened there. I was I hoping to hold for another 10 years, at least, but medical expenses have left me no choice but to use my crypto. About a year ago, I became disabled by lower back problems and unable to work. I have pretty severe degenerative disc disease in my spine and problems with my SI joints. I already had a surgery in December and have been in physical therapy three times a week for months, which unfortunately did not change much. Now my doctor is recommending I try PRP and stem cell therapy. It’s not guaranteed to work but it might be my only chance. Because the insurance company still sees this as “experimental” I have no choice but to pay out of pocket. Without the crypto, I wouldn’t have the option at all. My savings are completely gone at this point. It sucks to be in this position considering I’m only 38 and just trying to start a new business, have kids, etc, but at least crypto is giving me a chance to get better. I’m extremely thankful for that. I hope the rest of you keep holding for a long time. I would, but I don’t have a choice anymore. I’ll be back in the crypto game as soon as I get the chance. Good luck to the rest of you. Keep holding for me.
Submitted May 29, 2021 at 03:32AM
Submitted May 29, 2021 at 03:32AM
Most of your coins are going to be worthless in years.
It has to be said. Its common sense. There are thousands of coins. Scamcoin, losercoin, Shiba coin. All real coins btw.Yes there will be a couple coins that are very valuable in a couple years but the vast majority of them will be worthless.Only coins that do things will be valuable. Coins that you have that are just there to hopefully go up on value so you can profit will be worthless.Its like the dot com boom. You are betting on websites. Which website is going to get the most visitors. Most died.
Submitted May 28, 2021 at 11:23PM
Submitted May 28, 2021 at 11:23PM
The correct mentality for investing in the crypto market is thinking in YEARS not MONTHS
I know a lot of people sell the crypto market as a "get rich quick". But the truth is you're only going to make others rich quick with that mentality.Did you get in at the beginning of 2021? Congrats. But the truth is you've been in the crypto market for a few months. There is so much for you to learn; tons of theoretical models and blockchain trilemma solutions. So many financial instruments from Defi to Dexes. Learn, learn, and learn—you have a whole universe to explore. That's nothing in the grand scheme of cryptocurrencies.Did you hear about those stories like "someone bought a pizza for 10, 000BTC," that'd be worth millions now? Well, it took years for that story to become relevant. It doesn't appeal as much but you have to start thinking in terms of years.Ask yourself, if the cryptocurrency you are holding will still be here in the long term? If yes, continue accumulating. Otherwise, chill out because you've got confidence in what you are holding and continue doing research. And, if it's still a no-go, just sell it—you can support crypto without actually holding any.So much about investing is more about being able to control your emotions and having the correct risk/reward management than actually picking a project.
Submitted May 28, 2021 at 06:59PM
Submitted May 28, 2021 at 06:59PM
Bitcoin mining farm (Bitfarms) mines its 1,000th Bitcoin using 100% hydroelectricity.
One of the largest North American Bitcoin mining farms, Bitfarms, has mined its 1,000th coin with 100% hydroelectricity. 🌊♻️"We expect to more than double our installed hydropower infrastructure in Québec, triple our operational hashrate in 2021" - Bitfarms’ CEO.Source: https://ift.tt/3oXhcY2
Submitted May 28, 2021 at 09:46PM
Submitted May 28, 2021 at 09:46PM
Biden will be proposing his budget today. It will affect the market. Try not to panic.
This is not FUD and Im not trying to scare anyone. Please read.Biden is going to propose a $4 trillion budget today.It is pretty much a guarantee he will be proposing higher cap gains taxes on the very wealthy.This news leaked a few weeks ago and the stock market and crypto market tanked hard.If capitol gains are raised on the wealthy they will sell crypto and stocks to avoid paying the higher taxes.There is some speculation that Biden might make it retroactive to April to avoid sharp market selloffs. In that case there might not be a big dip.If you're planning on buying crypto today it might be a good idea to wait until after his budget proposal.Again this isn't FUD. No one should panic. If you're in it for the long haul this doesn't really matter.
Submitted May 28, 2021 at 08:08PM
Submitted May 28, 2021 at 08:08PM
Deep Dive on BTC top wallets
For the past couple of months, I've been watching very closely BTC top wallets and their moves. And especially during our last dip, things got really interesting. I've only analysed top 100 wallets in this post, exchanges excluded.It is quite hard to follow the top wallets, as some sell pretty quickly for rapid gains, making it very hard to follow their moves. Some top wallets sold everything right at the top, making them "invisible" to me, and hard to track when/if they're gonna buy back.Today, I wanted to talk about a few top wallets that are in fact, holding a big amount of BTC.First of all, my favourite wallet, it is Mr (or Mrs) n°4 wallet exchanges included and n°1 wallet non exchange.This guy (or gal) first in was on 2019. (At the exact same day as the first in on Doge top wallet within a few minutes, make your own conclusions on this). This wallet seems to time the top very well, a little too well in my opinion. He sold about 9k BTC at the top (between 54k-63k) and he bought back 14k BTC during the dip (between 38k-54k). He seems to DCA every two days, buying about 20-40M worth at a time. This is huge for the average guy and gal in here, this must be a big fish, very bullish on BTC. For what it's worth, he also timed to September 2019 top pretty well.Second on this, we got multiple wallets, that never sold one BTC but keeps on buying during this dip. 1,2,3,4 for exampleThe number 3 wallet that I linked right above is particularly interesting. He buy BTC at least 3 times per day, 7 to 8 BTC at a time, no matter the price since 2020. (I said that they never sold 1BTC but this one sold 7BTC in 2020, seems insignificant tho). He never skipped one single day (as far as I've seen). I don't really know what to make of this, is it a master DCA guys? Miner's wallets? I'll love to know what you think below, I'm still quite a beginner and I don't know everything.All of the other wallets that I mentioned above are just buying. Some first in were in 2020, some were in 2021. Nevertheless, they didn't sold a single BTC and keep buying during this dip.And then, we've got the 2011 wallets. 1,2,3,4,5ALL of these wallets hold 10k BTC each. Their first ins were in 2011 in april/may, a lot in may within a few days/hours. Once again, I don't really know what to make of this. Is it a single guy, that split his BTC holding across multiple wallets in 2011? Was there a giveaway of 10k BTC during that time? Hard to say for me, I wasn't around during that time, I try to look up infos on this but I couldn't came up with anything. If anyone know what this is, this would be wonderful to leave it in the comments.A lot of others wallets are out there, most of them are actually with only 1 in and nothing else since then. And a lot of those are recent wallets (end of 2020, beginning of 2021). I'll maybe do another post about those if I notice significant movements.This may seems really bullish, as most wallets I mentioned are either buying or holding but once again, wallets that were once at the top and then sell are very hard to track, as they fall in the list and are sometimes never to be seen again.If you noticed any other weird movements in wallets, please post it in the comments, I am very interested in y'all opinions! (and sorry for the very long post, I tried to make it as short as I could)
Submitted May 28, 2021 at 05:33PM
Submitted May 28, 2021 at 05:33PM
Brace Yourself
~50K BTC is about to be dumped on the market due to liquidationsFor those not in the know today is the expiration date for $2.2 Billion in options. They usually fluctuate price but due to the recent crash and fear in the market at high levels it's a recipe for disasterCurrently we are facing strong selling at $37,000.00 and a base of $36,500.00A major cross of either can mean a swing to the upside towards $41,500.00 or a bottom of $19,000.00Edit ( Sources):https://ift.tt/2SBalY2 may crash the price like (65% crash) or is a giant nothing burgerGood hunting to those trading todayPersonally all cashed up apart from my 25% BTC holdingsEdit 2:IMPO the price is going to crash but do your own research to find the best plan. I'm holding BTC and will buy back at what I feel is the bottom
Submitted May 28, 2021 at 03:06PM
Submitted May 28, 2021 at 03:06PM
Dear Market
It would be great if you could stop dipping, as I am slowly running out of fiat money. Maybe you could consider dipping only once a month, around payday, so I am able to buy the dip and feel good about myself. I don‘t want to tell you how to run your chart, but maybe it is worth a thought.Kind Regards, Poor Student
Submitted May 28, 2021 at 04:43PM
Submitted May 28, 2021 at 04:43PM
Google Authenticator has a backup/transfer option now. For the love of Satoshi, use it!
Here's how to do it:Prepare a safe second device, like an old phoneOpen Google Authenticator on your main deviceTap the three dots in the upper right-hand corner of the screenTap transferTap exportTap nextThis shows a QR which you can then Import on another device with Google Authenticator. You cannot screenshot it.Do this before you lose your phone or before it goes tits up. Going through the 2FA recovery process without a backup is HELL ON EARTH.
Submitted May 28, 2021 at 03:19PM
Submitted May 28, 2021 at 03:19PM
[Myth Busted] The Sunday Dip
I crunched the numbers correlating close price and dips with days of the week. The idea of the "Sunday dip" or the "weekend dip" is prevalent in this sub, and people here are basing their financial decisions on it. But is it real? Let's find out.The data is taken from Binance (the largest trading platfom) and from the BTCUSDT pair (the most traded BTC pair). I fetched the candles from the 1d chart, and ran two types of analysis:Did the day close down from the previous day.Was there a significant dip (>5%) during the day, whether or not the day closed down.I ran this over two timeframes: 2 years to get a broad range of data, and 3 months to get the most recent data.The count was tallied in each case to produce a single figure - i.e. the number of Sundays where the price went down over the specified period, or the number of Mondays where there was a significant dip over the specified period.Here are the results:2 year timeframeDown daysSunday: 50Monday: 49Tuesday: 50Wednesday: 47Thursday: 51Friday: 47Saturday: 39Dip daysSunday: 19Monday: 16Tuesday: 18Wednesday: 17Thursday: 16Friday: 16Saturday: 103 month timeframeDown daysSunday: 9Monday: 6Tuesday: 4Wednesday: 8Thursday: 7Friday: 5Saturday: 4Dip daysSunday: 4Monday: 4Tuesday: 2Wednesday: 3Thursday: 4Friday: 4Saturday: 2ConclusionThe most statistically-significant set of data is the 2 year timeframe, this shows:no correlation with Sunday being a down dayslight correlation with Sunday being a dip daygood correlation with Saturday being an up daygood correlation with Saturday having fewer dip daysOn the 3 month timescale (caveat here is that the sample size is probably too small to make a conclusion, but I've added it in anyway):slight correlation with Sunday being a down dayno correlation with Sunday being a dip daygood correlation with Tuesday and Saturday being up daysgood correlation with Tuesday and Saturday having fewer dip daysThe long timeframe confirms that this myth is busted, with the data being well within the margin of error. For illustration of the margin of error, imagine just one of the Sunday dip days being on a Wednesday instead - that would have left Sunday, Tuesday, and Wednesday all on 18.The only interesting thing I would take from this as a potentially tradable correlation is Saturday having fewer dip days as it had 10 vs the mean of 16. But this figure is probably still on the edge of the margin of error.
Submitted May 28, 2021 at 03:25PM
Submitted May 28, 2021 at 03:25PM
Polygon Founders are India's first crypto billionaires.
https://ift.tt/34nj6ba
Submitted May 28, 2021 at 12:27PM
Submitted May 28, 2021 at 12:27PM
Cardano has successfully begun the testnet for their smart contract upgrade "Alonzo"
https://ift.tt/2SxAZkT
Submitted May 28, 2021 at 05:24AM
Submitted May 28, 2021 at 05:24AM
"Hide Yo Kids, Hide You Wife" is being auctioned off by Antoine Dodson as an NFT on Foundation.
https://foundation.app/AntoineDodson
Submitted May 28, 2021 at 06:49AM
Submitted May 28, 2021 at 06:49AM
Police drone finds massive heat source in search of weed farm. Busts massive bitcoin mine instead.
https://ift.tt/3p06C2G
Submitted May 28, 2021 at 05:01AM
Submitted May 28, 2021 at 05:01AM
Very insightful guy urges people to buy bitcoin in 2013, then gets sad because he knows most people won't listen
https://www.youtube.com/watch?v=Cw29h7LhEuE
Submitted May 28, 2021 at 04:57AM
Submitted May 28, 2021 at 04:57AM
How is Bitcoin/Alts not heading to the moon today?
All this bullish news in one day alone reported here on Reddit yet Btc and Alts look like they are barely able to get out of bed this morning!- Nigerian central bank does U-turn on crypto ban- Paypal allowing withdrawal of crypto- Billionaire Carl Icahn eyeing $1.5 billion investment in Bitcoin- Sheetz convenience store becomes the first store chain to accept crypto- Nashville couple suing IRS over staking gains being taxable- Dubai’s first cryptocurrency rises over 1000% since its debut- Biden announces $6 Trillion budget- Colorado wants to be the first state to accept Crypto- Large investors bought $3 Billion during the pullback- Texas creates legal clarity for Bitcoin- SEC starts scrutiny of Skybridge and Fidelity’s Bitcoin ETF bidsWTF!
Submitted May 28, 2021 at 03:06AM
Submitted May 28, 2021 at 03:06AM
Daily Discussion - May 28, 2021 (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.Please be careful about what information you share and the actions you take. Do not share the amounts of your portfolios (why not just share percentage?). Do not share your private keys or wallet seed. Use strong, non-SMS 2FA if possible. Beware of scammers and be smart. Do not invest more than you can afford to lose, and do not fall for pyramid schemes, promises of unrealistic returns (get-rich-quick schemes), and other common scams.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.Behave with civility and politeness. Do not use offensive, racist or homophobic language.Comments will be sorted by newest first.Useful Links:Beginner ResourcesIntro to r/Cryptocurrency MOONs 🌔MOONs Wiki PagerCryptoCurrency Discordr/CryptoCurrencyMemesPrior Daily DiscussionsMonthly Skeptics Discussion thread
Submitted May 28, 2021 at 07:00AM
Submitted May 28, 2021 at 07:00AM
Shift to ‘Proof of Stake’ will reduce Ethereum’s energy consumption to 1/10000th of the current consumption
https://ift.tt/2TiPHwd
Submitted May 28, 2021 at 02:26AM
Submitted May 28, 2021 at 02:26AM
Joshua and Jessica Jarrett, The Nashville couple, filed a lawsuit against the IRS claiming that mining or staking coins are not taxable until traded because they establish the creation of property.
https://ift.tt/3bZhWqj
Submitted May 28, 2021 at 02:20AM
Submitted May 28, 2021 at 02:20AM
Last night I was the victim of a SIM swap.
It all happened very quickly.At about 11:58PM I received a text that a new phone service had been activated on my number with a carrier I don't use. It came with a link to a password protected (PIN setup when the service was purchased) PDF file that contained the contract for the start of service. I had a friend of mine crack the password to the PDF which ended up being 13371337 (lol). They filled out the form with bogus info for the name and address.Password protected start of service form.At this point my phone number had already been stolen and my phone lost service, being unable to text or make phone calls.I tried logging into my email account, and the password had been changed. Since my mobile number was linked to my email account, the attacker was able to now use my number to get the code to reset the password. I thought I had removed the phone number from this account but apparently I missed it. At some point last year I anticipated this happening and switched most of my 2FA to google authenticator instead of SMS, which ended up saving my ass last night.At around 1:44 AM I was thankfully able to regain access to my email account by using my backup email address on file which the attacker thankfully hadn't changed, and also provided some other info to my email provider to prove ownership.At first nothing seemed out of place until I checked my deleted messages folder and saw password reset requests for three different cryptocurrency exchanges I have held accounts on. Two of these don't hold many funds but the third currently holds a fair amount of my coins. (This is another reason you should keep your coins off of the exchange).Time frame was as follows:11:58 PM: I get a text about service being activated for my phone number, I lose phone service.12:08 AM: My email password is reset. I don't notice this for over an hour.12:09 AM: Coinbase password reset request.12:13 AM: Kucoin verification code sent to my email.12:14 AM: Kraken username request sent to email.12:15 AM: Kraken password reset request sent to email.As you can see the entire attack lasted less than 20 minutes, which is terrifying.Thankfully I had Google Authenticator 2FA setup on all of these accounts so the hackers were not able to gain access and drain my funds. Anyone using SMS verification should switch to Google Authenticator because this is the one thing that kept my coins safe. I still need to recover my phone number and at this point I feel like I should change my number or carrier. My mobile carrier only requires a 4 digit pincode to login and make changes which is probably one of the weakpoints that allowed this attack to happen.My information was leaked in the Ledger breach that happened last year and I am positive that this leak is what caused me to be attacked last night. I am sure I am on a list being passed around and some of you might be as well. Please exercise caution, secure your passwords and enable Google Authentication and 2FA on everything you can.
Submitted May 28, 2021 at 02:49AM
Submitted May 28, 2021 at 02:49AM
Holy Moly Newbies! Stop going to coin specific subs to ask if the coin is a good investment!! 🤦♂️
First, I am a Newbie, myself. I am in a few coin-specific subs. Lately I keep seeing people joining the subs and asking if coin X is a good investment or is it too late to invest in coin x, did I miss the boat?If you are looking to invest in a coin, I think it is fine to join the coin's sub to learn more, but keep in mind most people on the sub are already invested in that coin and want the coin to go up! In some subs, there is even a cult-like culture that coin X is the greatest coin and investing in anything else is wasting money you could have spent on more coin X.I don't know if these posts are all real posts from real Newbies trying to honestly decide to invest in coin X, but if you are trying to decide if you want to invest in a particular coin, asking the sub members if it is a good time to invest in that coin is basically, imo, like looking for people you know will say yes to say yes so you feel reassured. Please, I hope you are doing more research than asking coin-specific sub members if you should support their coin with your investment money.
Submitted May 27, 2021 at 08:45PM
Submitted May 27, 2021 at 08:45PM
Coin Bureau hit a Million subs!
https://www.youtube.com/channel/UCqK_GSMbpiV8spgD3ZGloSw
Submitted May 27, 2021 at 11:25PM
Submitted May 27, 2021 at 11:25PM
Self-story about how my father secretely bought 1 Bitcoin in 2016 and has HODL until now
It was September 2016, when I was starting my second year of Computer Science at University. A group of friends in class began to talk and discuss a new platform and technology, that I had never heard about, "Blockchain". It got me so interested that I enrolled my self into a one-day course that some PhD and Master students at my faculty were organising, about Cryptocurrencies, Ethereum blockchain, smart contracts, and so on.The course went great, it opened my mind and I was completely amazed at how revolutionary this technology seemed to be. At that time, bitcoin was worth around 600/700$ but as I was a student I only invested a small amount.As you can imagine, when you are young and amazed by something, you want to talk about it 24/7, and therefore I tried to explain to my parents what this was all about. My mother didn't pay me a lot of attention and just barked at me saying that it was all speculation and smoke... but my father kind of liked it, so we had more extensive talks. Obviously, I knew what kind of risks involved investing in Crypto so I never told my dad to invest in it.Fast forward the story 5 years, we were having a family dinner two months ago (March 2021) and the media was crowded with Bitcoin news as it was, for the first time, crossing the 60K mark. It was at this moment, that my dad between laughs told me that in 2016, when I explained him what Cryptocurrencies were, bought 1 bitcoin for 700$. I COULD NOT BELIEVE IT!!! HOW DID HE NOT MENTIONED IT TO ME BEFORE? He explained to me that he loved the idea behind it and that he bought one as an experiment. He also told me that at the begining he was looking a bit at the charts and prices, but then forgot completely about it until this year.To finish this off, my dad told me that his plan is to hold it for at least 5 more years and then donate all the profit to a charity. Well, hahaha not what I would do but my dad is like that...
Submitted May 27, 2021 at 10:44PM
Submitted May 27, 2021 at 10:44PM
Remember, Ross Ulbricth is still in jail. May his fight not be forgotten.
https://ift.tt/3aXCqwh
Submitted May 27, 2021 at 07:47PM
Submitted May 27, 2021 at 07:47PM
Your Heroes: Rapper Soulja Boy Mistakenly Shares He was Paid $24K to Shill a Shitcoin
https://ift.tt/2SBUyrZ
Submitted May 27, 2021 at 09:38PM
Submitted May 27, 2021 at 09:38PM
Banning Crypto to Stop Hackers Is Like Banning Cheese to Stop Mice
https://ift.tt/3fw49Kh
Submitted May 27, 2021 at 06:47PM
Submitted May 27, 2021 at 06:47PM
How crypto could change the world: from replacing Binance to getting rid of Nestlé.
Given how early in the Rogers Adoption Curve for Crypto we are, I would like to take a moment so we can just imagine what this technological revolution, which I consider is the next huge step for human kind, could bring. I will emphasize some socioeconomic implications of descentralization, but I`m mostly interested in listening to, and debating your inputs.Blockchain and Crypto Currency are here to change the world forever.The implications of descentralizationAs you may know one of the core proposals of blockchain is decentralization, and with it we can optimize so many processes that this alone could be the revolution we are talking about. By eliminating intermediaries, we can save on the cost they add to the supply chain ensuring those that create the value, keep it. Or we can simply save on fees.To quote the man himself:Whereas most technologies tend to automate workers on the periphery doing menial tasks, blockchains automate away the center. Instead of putting the taxi driver out of a job, blockchain puts Uber out of a job and lets the taxi drivers work with the customer directly. – Vitalik Buterin.To put it simply, imagine that you replace Binance (a centralized company) with a robot. A robot that you have programed so well, whose code you publicly audit, and that is so safe you can trust it with billions of dollars in liquidity pools, so it proceeds to host and operate the trading platform by itself. In case you didn’t know, this is already a reality! Many people here trade on those platforms on a daily basis.But this goes beyond replacing Centralized Exchanges with Automated Market Makers, Airbnb with a blockchain DApp that connects landlords and costumers, or even banks with complex smart contracts that allow you to borrow, save, tokenize physical assets, and so on. This goes way beyond.Here is where I start to fantasize of the future. Think about replacing capital itself, think about getting rid of corporations. Lets dream of a world with DAOs massive adoption.With DeFi, we may no longer need a company like Nestlé…And specially not their investors. Of course, you will still need the people administrating, planning, monitoring, generating new ideas that adapt to their context, and creating innovative solutions for a complex world only humans can comprehend. But the figure of shareholders and CEOs that steal all the value that workers create and leave them with a tiny fraction of it, can disappear. This can be the basis of a once in a century transformation.Just as an example: Nestlè’s coffee growers in Colombia keep less than 10% of the final sale price, and barely make a living on it, so are actually abandoning the rural areas.With Blockchain, DeFi and Smart Contracts, people like you and me can collectively fund such an operation, and then agree upon specific terms like wages by direct democracy, voting with our crypto holdings. Then we would proceed to allocate funds, hire “developers” which would ultimately be regular office jobs that keep the organization functioning. Once in operation we would frequently vote on decisions and results, which would ultimately keep the highest level of accountability for people working in the organization. This is already happening by the way, this is how some blockchain projects work today. We just haven’t applied it to industrial and physical supply chains yet.Let’s go back to our project to replace Nestle. Imagine that an organization’s main goal is not to maximize profits for shareholders and bonuses for CEOs anymore. Instead, it’s the interest of regular people and the company’s collaborators that drive its actions.Most likely, you and I will want to consolidate an efficient and effective supply chain, that is sustainable and keeps the dignity and wellbeing of its collaborators as a guiding principle. We are not longer at their mercy on issues like climate change, we can now take immediate action against it, or stop endangering and hoarding water supplies in classic Nestle fashion.Also, we are making profits, so we are redistributing capital, and improving our quality of life, which will be most notorious in the most vulnerable communities, usually those that extract/harvest/mine raw materials.This is what could happen with the blockchain descentralization of business. And you could apply it to pretty much anything, but maybe initially it could be for low labor and capital intensive businesses.I’ll give you another example. I work for a solar power multinational company. If you don’t know it, solar energy is essentially a financial product, most people working in these companies don’t care about the world, its simply that solar is a very safe and lucrative hustle, and all investors care about is having a nice return of investment (ROI). As of now, my company works exclusively for large scale corporate clients or the state itself, given that’s where the nice ROIs are, since they give you the projects that allow you to place large capitals at once. This means, as of today, we blatantly ignore the regular people that seek for our help and funding to power their farms and/or houses with solar energy. They’re not that profitable my boss tells me. This is shitty, and I’ve thought of quitting several times.But back to the point. Now, imagine once again, we get rid of the institutional investors. Now you and me create Reddit Solar Co, a DAO. Our only purpose is to facilitate access to electricity those without it, and to advance in the urban implementation of renewable energy. We help the world, make dividends that are automatically distributed by the DAO, and also our own Crypto is rising in value.And this is not the best.Let’s not forget of synergies.So, we just created a DAO that manufactures and distributes food globally right? Or maybe Reddit Solar Co. As an organization born on the blockchain, we won’t have to adapt to the state of the art innovations on the crypto world like an old steam locomotive attempting to adapt a warp drive on top of it. We were born in space.From the beginning, our Ethereum based DAO could adopt VeChain’s solution for supply chains, Cardano will help us to give an integral solution to the unbanked communities that provide our raw material, they now have IDs, access to DeFi and education. The land deeds and legal documents that relate to our enterprise are certified by LTO Network, we move money internationally with XRP or Stellar, and don’t worry, we use Polkadot to ensure proper blockchain interoperability.Too complex for you? Don’t worry, you don’t even have to know or care about this, leave that to others. You’re into finance. Maybe sales is your thing and there’s a little Michael Scott in you. Or you`re into social work and want to supervise our community engagement at the start of the supply chain. Just go do your thing! You don’t necessarily have to be involved in all of this.All you know is you do your job and receive your crypto salary.Just as computers and the internet changed the world forever, and not only had economic implications but also changed our culture, routines, work lives and ways to interact with each other, crypto will. We are just so early; that all we can do for now is dream.You’re having too much hope in humanity dude…Sure, I may be making some optimistic assumptions on the motivations of humans, I may be saying that we will use this technology for good, and that we care about each other, and that’s one way to look at it. But we could also argue in favor of this from a sceptic perspective: even if you don’t care about the collective wellbeing of your community, it’s in your interest to live in a safer environment right? Ergo you want to reduce poverty. Its also in your interest to stop global warming so organized human life can continue to exist, or to make sure you and your children will have water and food in 50 years, that’s why you will want to use technology for good even if you only care about yourself. Also lets not forget the powerful incentive of profits. Crypto has the clear potential to achieve all of this.Most of the current generation of crypto projects will be ready and operating within the next 3 years, so all we will need by then is the will to use this technology for good, and the vision to change the world.This is just the beginning, we will be killing industries but giving birth to others we could have never imagined before.
Submitted May 27, 2021 at 07:01PM
Submitted May 27, 2021 at 07:01PM
Ethereum founder Vitalik Buterin says long-awaited shift to ‘proof-of-stake’ could solve environmental woes
https://ift.tt/3oT6eCS
Submitted May 27, 2021 at 06:46PM
Submitted May 27, 2021 at 06:46PM
HODLing for 5 years+
Hi everyone.I'm HODLing my coins for 5 years plus, which is great because I don't need to check the chart everyday as the rises and falls don't affect me.That's why I've signed up to multiple trading platforms, studied Wyckoff, enabled push alerts, open trading view every 4 minutes, close the chart, re-open it, read the latest crypto news, condemn bearish trends, avoid the FUD, check the sub-reddits, comment on every post, resist the FOMO, provide unwarranted technical analysis, evaluate impulse waves, predict future trends (incorrectly), check staking rewards every 30 mins, mark support and resistance levels, record trading volume, declare bull runs, track whales and erroneously declare that everything I hold is going to the moon.See, it really is so much easier to HODL. No sweat whatsoever.Thanks and see you all in 5 years :-)
Submitted May 27, 2021 at 04:59PM
Submitted May 27, 2021 at 04:59PM
People in Hong Kong Use The Crypto and Blockchain To Fight Against Media Censorship
https://ift.tt/3wzm7RA
Submitted May 27, 2021 at 12:08PM
Submitted May 27, 2021 at 12:08PM
Facts. Statics show that holding for 5 years will net a person a much greater profit than if you day traded.
I know to some this is hard to imagine, but if you actually hold crypto longterm, your chances at making profit are much greater.In simple words:Time in the market > timing the market. This is because you can’t beat the algorithm and high-frequency traders. They hire both a analysts and software engineers to beat you. Instead, simply invest money you can afford to lose and don’t need access to for two - five years.
Submitted May 27, 2021 at 08:08AM
Submitted May 27, 2021 at 08:08AM
After record earnings Nvidia is “unsure” how crypto mining contributed to the achievement. As if they are unaware why they raised recommended retail prices for GPUs
https://ift.tt/3uqKQWE
Submitted May 27, 2021 at 10:13AM
Submitted May 27, 2021 at 10:13AM
You're here for the money. That's okay, but take some time to research the tech.
It's no secret that this sub has been crazy popular lately, it's gone from 2 Million to 3 Million members in a couple of months. I know that the majority of this new interest is mostly due to people looking to make a quick buck.Crypto is definitely a good way to make money. However, you might end up finding the tech interesting. I know that I sure did, and having a sound understanding of your investment will make a big difference in your ability to hodl. It doesn't have to be much, just a few YouTube videos.Please don't invest blindly.
Submitted May 27, 2021 at 09:24AM
Submitted May 27, 2021 at 09:24AM
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