The Guy who Invested $40,000 in SafeMoons and Lost $37,000 of It Panic Sold and FUDed Bitcoin at $11,000

Dave Portnoy, who invested $40,000 in SafeMoons and lost $37,000 seems to be even more of an idiot than some thought.In February he claimed to never buy Crypto again after he panic sold his Bitcoin at $11,000, missing out of a 412% gain that the given time.​"I’m never buying bitcoin. Never. Never, never. I don’t believe a thing about it""I’ll throw you a little fucking bitcoin"Did he never buy Bitcoin again?Yes, he bought SafeMoons instead of anything else:and lost it all again​At least he is self aware:I’m such an idiot … with bitcoin. At least I know I’m an idiot, alrightHe has also lost $700,000 on GME while trading with millions of Dollars on Robinhood, but thats another story

Submitted September 01, 2021 at 08:04AM

We are going to see stupid returns next 5-10 years, trust me

To my fellow 9-5 worker who busts their ass in an underpayed job, for those who already have money and invest and for those who work in i humane conditions and still manage to put some money into crypto, we are going to be rewarded, I’m a 2017 investor, made dumb decisions and good decisions, but what I can tell you si I’ve never EVER seen this level of adoption and growth, yes we complain about ethereum fees, but only thing fees let us know is that this is ETH season, fees are high due to demand, HODL please I beg you, people fail to realize this but with El Salvador stepping it’s just a matter of time, people are realizing, let’s keep people informed and educated and well all have maybe not lambo, but we will live happy and without having to assume debt to buy a home where to live, love you guys and don’t forget to DCA till you die!

Submitted September 01, 2021 at 09:35AM

Decentralised social media - In Australia they just passed a law so police can access your page to add,modify or delete data without a warrant, would decentralised social media solve this?

So in Australia a bill was just passed that will allow police to access your social media without a warrant, they will be able to add, modify or delete data as they will. At this point I'm about to just delete my social media as it isn't really worth having anymore. Im not doing anything wrong but the risks and violation of my privacy Is just becoming too high.This is downright CCP level bullshit and is completely unacceptable so I'm here to ask if decentralised social media could possibly be the answer to this or does it exist?

Submitted September 01, 2021 at 08:52AM

Twitter likely in the Process to enable Bitcoin Tipping for its 300 Million active Users

https://ift.tt/3jxMnIh

Submitted September 01, 2021 at 04:37AM

i want to transfer 1 eth, can someone donate me 2 eth for the gas fees? thx

hey guys, need your help. so unfortunately i need some fiat cause my car broke. most of my portfolio is now kinda bearish (cream finance, bondly, rugpullcoin) and i guess i need to wait one or two centuries for a recovery. also the bag of usdt isnt really moving, but i dont want to sell it, cause with my luck it will double immediately after i dump it.so i decided to move my eth from my wallett to an exchange, but unfortunately the gas fees for my 1 eth are 2 eth? can u guys help me out a bit? thxwould appreciate it so that i can get that new tire for my lambo which i bought from my solana​

Submitted September 01, 2021 at 06:17AM

Daily Discussion - September 1, 2021 (GMT+0)

Welcome to the Daily Discussion. Please read the disclaimer, guidelines, and rules before participating.Disclaimer: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 Pager/CryptoCurrency Discordr/CryptoCurrencyMemesPrior Daily Discussionsr/CryptoCurrencyMeta - Join in on all meta discussions regarding r/CryptoCurrency whether it be moon distributions or governance.

Submitted September 01, 2021 at 07:00AM

Arbitrum is live! Scaling on Ethereum layer 2 is here!

https://ift.tt/3jvlRzi

Submitted September 01, 2021 at 04:28AM

Moon Week 17 begins tomorrow. See rule reminders and schedule information here

Hello everyone, Moon Week for Round 17 is upon us. The snapshot and polls will be posted in the next ~24 hours. They will then all be compiled into a pinned Moon Week post on Thursday, which will remain until the distribution is posted next Wednesday (September 8th).For more information about Moons, see the Moons Wiki hereWe'd also like to remind everyone about a few rules that are relevant to Moon Week:Rule 3 - Do not mislead voters, tell people how to vote, or campaign outside of a poll's comment section.Rule 3 - Do not brigade governance polls. To encourage someone to vote, link to the Moon Week post so they can participate in all polls and see important information about the voting processRule 4/8 - No derailing the comment section of a post, for example by attacking the author of a poll or raising unrelated topicsToday's post is not the typical reminder to post governance polls by Thursday because we have been working to formalize the governance process and I have already privately coordinated with the authors of all approved polls. Please do continue to submit your ideas to r/CryptoCurrencyMeta if they have not been discussed before

Submitted September 01, 2021 at 04:21AM

Does anyone else ever feel like nobody actually knows what they're talking about with crypto predictions and advice? Like it's almost always wrong and is about as predictable as gambling on a game of cards?

Since first investing in crypto back in march, and going off of advice from all four trillion corners of the internet, I've realised nobody actually knows what they're talking about.I have a friend who pays 30 GBP a month for 'solid' advice from crypto gurus, and after following his tips have actually lost.I once in the early days joined a pump n dump group only 200 members or so (having no idea that it was that at the time) and then I just made up bullshit and said ZEC was going to make massive gains that weekend. The discord group all questioned my sources and I made up a story, and lo and behold over that weekend ZEC actually climbed 30%.Now I know for sure that wasn't from my prediction, it wasn't from the pump and dump group pumping the coin, it was just CHANCE. But that group thought I was some big crypto predictor from that lucky guess. (Shortly after got kicked my mods because they wanted to control which coins were pumped)I've read countless articles from so many different financial and investment 'experts' and after following their 'predictions' have ended up at a loss.I've read plenty of articles using a tonne of crypto lingo that makes it sound like they know what they're talking about, and half the time it's right and half the time it's wrong.The majority of the serious crypto community said doge coin was a joke and then we're in uproar when it soared nearly 400% (from my 0.17 investment) in a few days/weeks to an ATH of 0.71 USD after being just 0.06 a few weeks before.Everyone was so sure that Elon musk's appearance on SNL would send doge coin "to the moooon" when it did the exact opposite.Just to list a few predictions I've seen parroted all over the internet and on multiple sites in the past few months -there will a crypto winter around August or September where the bullrun will end and there'll be a massive crash ( this ended up happening in July)bitcoin will hit 100k towards the end of the summer (no sign of that happening any time soon)the ripple Vs sec case will end in April and xrp will shoot up to 2-3 USD (case still ongoing)shiba inu will kill doge and hit a dollar at the end of the year (bs)doge coin will die (still remains a top five crypto)Basically predictions either turn out to be rigt or wrong. Nobody knows what's going to happen. Yet people with a lot of influence can change (or manipulate) how the market moves. A simple tweet from Elon musk moved doge coins price a bunch of times. An article from Forbes can tell the world that ADA or ETH has a big bull run coming and that's enough to make it happen due to massive buying. A billionaire can buy 1 billion USD worth of any crypto and that sends the price skyrocketing by retail investors and then the whale sells and they've made an easy profit in a few hours or days.I constantly come across people or articles who just use words that sound impressive but how many of us actually know what's going to happen? Were mostly a bunch of gamblers hoping to get rich, thinking we're ahead of the curve by investing in crypto before it becomes the global norm for finance, but really most of us are just people who heard about bitcoin seven years too late and still want to get rich quick.Let me demonstrate how easy it is to pretend I know what's going on with the cryptomarket using trigger words and crypto jargon that makes it sound like a legitimate prediction ....DOGE and XRP continue to dominate inflows to institutional crypto investment products, while demand for DOT weakens.Institutional inflows to altcoin investment products have continued to increase this past week, but the same cannot be said for Ether (ETH).The capital flows mark the second consecutive week of inflows to altcoin funds, with investments into altcoin products increasing by 24.1% compared to last week’s $16 million.Binance Coin price struggled with its uptrend as it encountered a massive resistance level. Failure to stay afloat dragged BNB lower, where it currently retests a support barrier. Investors can expect a comeback from the buyers, pushing the altcoin higher. However, considering the big crypto’s choppy market structure, Binance Coin (BNB) could kick-start a consolidation phase if it fails to reclaim the said resistance barrier.BAT followed a Fibonacci retracement sequence the past quarter indicating an uptrend that will retest a support barrier, potentially creating demand for comeback investments from buyers. After a recent crash, BAT price is currently consolidating under the 50% Fibonacci retracement level at 0.76. This descent might continue to head lower and retest the high probability reversal zone ranging from 0.72 to 0.80.The 70.5% Fibonacci retracement level at $0.71 could be a perfect spot or reversal as it coincides with the demand zone extending from $0.69 to $0.73Anyway I think that's enough but i just made all of that up, and maybe 10% of you will have any idea what any of the words mean but the average person will look at it and think "I should invest in BAT".Its basically all just gamblingTl;Dr - don't believe any predictions on crypto, unless you're a hedge fund manager, billionaire, politician, or a founder of a major coin, you don't know what's going to happen.Hopefully this post didn't come across as too negative and more of a warning to remember that this is all jut gambling and most of us have no idea what we're doing.Bring on the downvotes for going against the sub mentalityEdit: I guess it's not that much against the sub mentality, my bad

Submitted September 01, 2021 at 01:33AM

Bullish news? Here's 500 awards. Bearish news? See you in hell.

I have been experimenting with all different kind of posts to see how you guys react to it. The conclusion is pretty sad:If you post bullish news, you are the man! Here are 800 awards for you to enjoy! Keep it up friend!If you post bearish news or an honest analysis/opinion: who the fuck do you think you are. You are downvoted until your karma says -6000.if you comment something that is not "ADA to the moon!": Here's 10 downvotes.​I know there are a lot of shitposts and moonfarmers, but don't underestimate the power of upvotes. For people living in 3rd world countries, making money through reddit that's even more than their salary, is a means of escaping poverty. Next distribution im tipping all kinds of posts and comments, whether bullish or bearish.You can actually change lives by upvoting.Have a wonderful day and I hope you all see green dildos today!

Submitted September 01, 2021 at 01:48AM

El Salvador Builds the Government’s Blockchain Infrastructure on Algorand

https://ift.tt/2WAHUfw

Submitted August 31, 2021 at 11:31PM

How to: Start compounding Crypto by Staking, Lending or Liquidity Providing!

Introduction: I’ve noticed many are still uncertain on what, how and where to compound their crypto. Not having time to doing research or being wary of doing something wrong many chose to let their BTC, ETH, ERC-20’s etc. sit idle in their mobile wallet.One of the wonders of crypto and DEFI, is that you easily can beat a banks interest by many multipliers, on top for your asset gaining value! Especially interesting is easily being able to earn great interest rates for stable coins for up to 8% APR or more! If you compound your interest e.g. weekly, the % rate of return increases and its what we call APY. An example is if you have 70% APR but compound your gains weekly, you get and APY for 100% (A nice APR-APY calculator)Always examine if there are staking, or lending options for your crypto; because it almost always is. Let me show you a few examples to explore. Disclaimer: Prices are per 30.08 and 31.08; I started writing this yesterday.Staking and Earning:1) Staking with your own private crypto wallet(reminder: always use hardware-wallet if possible like Ledger or Trezor for security). By staking your coin or tokens on your protocol of choice: You typically contribute to the security of the chain by validating blocks (like ETH, SOL and MATIC). Usually you have delegate to validator such as on (ADA or FTM), or just let it sit in your wallet (ALGO). In DEFI-projects, typically help vote on governmental proposals and/or earn percentages of the revenue (AAVE, SUSHI, Pancakeswap, YFI, 1Inch etc.). Typically you get a lock-up period, but this varies. Examples are of popular "stakable" crypto and APR are:Polkadot 13.4%CRO 12%MATIC 11%AVAX 9.68%FTM 9.64%SOL 6.27%ADA 6.24%ETH 5.62% (wait until you can join staking pools or use 3rd party – see below)ALGO 5.5%AAVE 4.61%2) Staking or “Earning” via. Centralized 3rd party/client: By letting the platform hold or lock-up your crypto, they give you rewards. The mechanism here varies. Often you get great rates, and insurance, however you are no NOT in charge of your coins should something happen like regulation! Examples are:Staking for you: Example is Ethereum since it ATM is complex to stake by yourself, platforms such as Lido (stake via ledger), Binance and Coinbase provides staking options (Careful, your funds will typically be locked until Eth 2.0 launch). Soon Staking-pools (Rocketpool) will go live, making staking a lot more easy.“Earn”: Platform’s and Wallet providers such as Celsius, Crypto.com, NEXO and BlockFi acts like a crypto bank, where you hold your crypto in their wallet, while they make money lending it out. Examples are:Celsius APY (8.8% on stable coins like USDC or DAI, and variable rates on a great selection crypto like BTC 6.2%, ETH 5.35%, MATIC 10.5%, AAVE 4.86% and UNI 2.5%).NEXO APY (10% on stable coins like USDC or DAI, and up to 8% on other crypto such as BTC, ETH, LINK and XRP but fewer options than Celsius).Crypto.com APY (10% stable coins. BTC 4,5% and Eth 5,5%. If you hold CRO the rewards can be increased)Decentralized Lending:Decentralized protocols like AAVE, Compound (COMP) and many others on different chains give you the possibility to join a decentralized bank, where you can use your own web3 wallet (Metamask, Trustwallet, Coinbase wallet etc.) to lend/deposit your crypto via battle-testet smart contracts. I personally access my funds via Metamask in my browser, and sign transaction on my hardware wallet Ledger. The only risk here is if the smart contract gets hacked. Oh, and when you deposit your crypto, it can work as a collateral where you can borrow other crypto or more of the same crypto, that you can trade or deposit again to earn interest on the borrowed crypto.Aave current APY on following assets (On ETH Mainnet, other rates on Polygon and soon Harmony): DAI 6.95%, USDC 7.5%, ETH 0.38%, wBTC 0.96% etc.Compound current APY on following assets: 2.7%, USDC 3.29%, ETH 0,13%, wBTC 0.45% and AAVE 0.4% etc.Interestingly there are protocols like Yearn.finance (YFI), where you deposit your crypto or LP-tokes (see below) into a “vault” smart contract where it through complex algorithms tries to find the best rates through various DEFI platforms for you.Current APY on Yearn: DAI 5.18%, USDC 6.41%, ETH 1.08%, wBTC 3,45% and AAVE 34.96%. There are many choices here and more to come here.Liquidity providing (LP) and “farming” with LP-tokens:The one with highest yields, but also highest RISK! Here you provide liquidity, typically by depositing a pair like e.g. ETH and USDC to a “Pool” (smart contract) that will be traded upon by the users. Here are many options, but the most know being e.g. UniSwap (UNI) Curve (CRV), Sushiswap (SUSHI). Where Curve and Sushiswap also have integrated other blockchains than ETH, such as Polygon, Fantom, Harmony, BSC etc. You in return receive LP-tokes (Liquidity Provider).You earn percentages of the trading fees on the pair on the platform. exchanges has “Farming options” where you can deposit the LP-tokens to receive additional rewards, such as Sushiswap.LP provides new forms of risk besides hack of smart contract, such as Impermanent Loss (You REALLY need to understand this first!) if your pair has high volatility and “Rug-pulls” (cool list) from sketchy exchanges exiting or scamming with the liquidity.Here is potential for insane farming APY’s on new exchanges on the growing “Alt-coin” chains, that offers these rates in order to draw the much needed liquidity from other exchanges and competing blockchains in order to grow, and provide low price slippage to its customers.“Yield Farming” on the new protocols has since it’s introduction been one of the hottest trends in DEFI.Ethereum being congested causing high gas fees, has drawn many Yield farmers to other growing chains like Polygon, BSC, Fantom, Harmony, lately Solana and AVAX.Examples of front-running DEXes (there so many more on the different chains) with Farms on these chains are:Polygon’s Quickswap (QUICK) APY: ETH-USD 35%, wBTC-USDC 30%, MATIC-USDC 68%, ETH-BTC 9%, AAVE-ETH 13%, LINK-ETH 17%, QUICK-MATIC 40%, ETH- MATIC 24%.BSC’s Pancakeswap (CAKE) APY: BTCB-ETH 7.4%, BTCB-BUSD 20%, ETH-USDC 14,8%, BNB-ETH 13.4%, CAKE-BNB 37%, CAKE-USDT 49% etc.Solana’s Raydium (RAY) APY: RAY-pairs high with RAY-ETH 124%, RAY-SOL 92%, RAY-USDT 143%, RAY-SRM 99%.Fantom’s Spookyswap (BOO) and Spiritswap (SPIRIT): FTM-USDC 392%, ETH-FTM 138%, BTC-FTM 114%, BNB-FTM 161%, SUSHI-FTM 150%, LINK-FTM 143%, YFI-FTM 162%, FTM-AAVE 114% etc.Harmony’s Viperswap (VIPER) APY (Though Sushi-swap is the biggest here): ONE-BTC 76%, ONE-ETH 26%, ONE-1USDC 138%, BNB-VIPER 675%, LINK-VIPER 216% etc.AVAX’ Pangolin(PNG): AVAX-PNG 68%, AVAX-wETH 116%, AVAX USDT 260%, AVAX-LINK 60%, PNG-ETH 75%, PNG-LINK 33% and more.There are literally hundreds of different “Farming pairs” on these exchanges, and many shady or up-and-coming exchanges on these chains. Be careful, as many of the token pairs are hardcore “shitcoins” money-grabs and probable scam that can offer e.g. >300% APR. Often if it’s too good to be true, it most likely is! I recommend staying to only known crypto pairs you trust and DYOR before trying to ride the wild horse of price dumps, exit scams and bad tokenomics, like the millions lost in the TITAN “bank run”. However, the DEFI-pro’s find the gems (both pairs and exchanges) with high APR and move around chains and exchanges when the APR falls or price pumps for maximize gains. Their path they keep a secret, as most gains are when you are early.Ending:Now that you got an idea, go out and explore your options. Don’t spoil this opportunity to earn interest and compound your crypto while these wild rates exist in order to draw users to their platforms while this space is new. Congratulations, you made it thought!What is your favorite place to stake, earn, lend or liquidity farm?EDIT 1: It seems this is controversial! 40% downvotes lol. Reddit Fam, you need to stake it to make it. Let your digital gold grow with interest over years, it will be an incredibly powerful tool in 5-10 years from now.

Submitted August 31, 2021 at 09:16PM

ETH has broken over $3,400 for first time since May!

ETH has broken above the resistance in the $3300’s for the first time since may and has some room to run. There are no areas of major support or resistance until around the $4100! That doesn’t mean it will go there, but last time we crossed $3400 on a bull run it went to its ATH in about a week!Do we create new resistance levels or go on a run? No one knows for sure, but there is a lot of potential for ETH of it can hold support now at $3300 to really start pushing upwards.We have been trading pretty sideways the last 2 weeks after testing resistance and getting pushed down. With us finally breaking through, it’s a real possibility to run to $4000!

Submitted August 31, 2021 at 07:09PM

“Cryptocurrency investing has a big gender problem.” What the hell

This is as cringe try hard feminism as it gets.To quote CNBC:Women are lagging behind men in their rates of cryptocurrency investing, just as they have historically struggled to keep pace with men in more traditional investment verticals.Who exactly is trying to keep women out of crypto? Literally no one. On the contrary, with crypto ANYONE can invest. Men, women, trans, cats, dogs who gives a shit?And the next bomb they drol in the articleBlack women face the highest investing barriers.…who is preventing them? Crypto is for everyone. It was designed to be such.I am the biggeat supporter for women and all gendrea to get in crypto but this article just grinds my gears.https://ift.tt/3jqp0jQ

Submitted August 31, 2021 at 06:32PM

I finally did it! My crypto trading bot successfully bought a new coin within 0.2 seconds of it being listed on Binance

It's been a pain to optimise and test out this strategy but I finally managed to successfully place a buy order on a newly listed coin.The testing has probably been the most difficult part of the whole process. Every time I would start the algorithm, I would have to wait there for days at a time before it does anything. Then Binance decides to list a new coin, and the script breaks. Go in and fix the error, re-start the script.Rinse and repeat this a few times over two weeks, it was tedious and required a lot of patience but I fucking did it. I can now confidently call the script functional (with some minor bugs that I will fix in the coming days).So here's what actually happened:The algorithm detected GNO as a new listing yesterday at 6:00AM UTC, and placed a buy order at 6:00.02. The order was placed at 394 USDT and GNO peaked at 418 but the entry price was closer to 300.It seems that even with 0.2s speed of execution the tool is still too slow to buy at the listed price and needs additional improvements.It ended up selling at 3% loss - which might not seem like an achievement, but I am personally very happy with the fact that it actually works, and this gives me a good base to make the necessary improvements in order to optimise this strategy.I do think that, if optimised correctly this tool can actually work very well. I will keep making improvements and report back. If you're curious to know more about how the bot works and how this buy order performed, I just made a new video explaining all of that in more detail: https://youtu.be/kWndcvWuMzIAnd for those who asked for the guide, here you go: https://ift.tt/3DyMPOv code is open source and available to everyone to use: https://ift.tt/3gO4cB3 /u/steks13 for improving the speed of execution buddy!

Submitted August 31, 2021 at 07:39PM

What do you do during a prolonged bear market? Do you look for other crypto investments?

I’m curious, what do you do during a prolonged bear market? I’m actually one of those crypto noobies who literally wait for the next bull run. It sounds unproductive so I researched and found this article. They suggest staking, yield farming, accumulating coins, etc. These will take a lot of research on my end so I’d like to ask if they’re actually worth investing time in? And what should actually one be doing during a bear market? TIA!

Submitted August 31, 2021 at 01:35PM

Bitcoin 'whale’ behaviour that preceded April’s $64,000 high is back

https://ift.tt/3zzcSTc

Submitted August 31, 2021 at 05:20PM

I bought $100 worth of IOTA in 2018. Today it is worth $106.57. Ask Me Anything.

The title is half joking, half truth.Looking down the top 100, it may seem like you can just buy anything to 10x your investment, but this is a bull year, and that's survivorship bias in the coin rankings. (You're not seeing the 50 that fell out of the top 100.)Usually when you're feeling fomo around a growing project, you're already too late for x10 gains. If you're following hype pumps, you need to recognize when you're early and when you're late. That's not easy.The better strategy is to dollar-cost-average into sturdy, longterm projects. Even a coin that "only" does x2 every year or two can be one of the best investments of your entire life—if it lasts.Speaking of which, if I had DCA'd into IOTA all bear market instead of just buying during the pump, I'd be up almost x4 by now...

Submitted August 31, 2021 at 04:58PM

Is crypto anything other than a money making scheme to you? Yes, it's only a money making scheme for me. I'm not in it for the tech.

Me and all my homies buy crypto and it's nothing more than a money making scheme for us. We can't actually use crypto anywhere here and we probably won't use crypto for at least another decade.Crypto will never overthrow fiat, and especially in my country(developing)where cash is preferred almost everywhere, accepting crypto is very far into the future.What are you guys in it for? Do you buy crypto cause you love the technology? Or you want to overthrow banks? Or like me, just want to DCA and sell off in future and become rich? Or all of it?

Submitted August 31, 2021 at 02:33PM

Don't Fomo In Solana

Everyone saying you to buy Solana now, you are still early just wanna pump there bagsIt's much better to buy SOL if it drops from 150$ to 120$ than fomo in RNI see people posting here and on Solana subreddit how much they bought etc and with big investments they gonna be a lot fear and big sell off when correction will comeYou wanna buy when everyone is crying how much money they lost and calling for end of crypto... Just wait, spend this time for research or invest in coins which didn't pump so hard and get in SOL after cool offCorrections will always come ;)

Submitted August 31, 2021 at 11:49AM

Fact: Bitcoin is the NES of crypto

Unopened NES games are far more expensive on the gaming market today compared with brand new and technically superior games. That will continue to be the case 20 years from now.Same goes with Bitcoin. It won't be surpassed in market cap, ever, no matter how much the other cryptocurrencies evolve.Ethereum is like a multiplayer game that has lag issues because the servers are full. Everyone wants to play it, because it is the hottest thing right now."Ethereum killers" are games that are lag free, because no one wants to play them.Shiba Inu is the game with malware that your grandma installed by accident.

Submitted August 31, 2021 at 09:00AM

Not a Joke: Redditor who lost Half of his Savings in Dogecoin upset Girlfriend by Proposing with a NFT instead of a Ring

https://ift.tt/3yt5tDB

Submitted August 31, 2021 at 07:17AM

Charles Hoskinson showing next level: a video made to answer on latest Coin Bureau video news

Must say that this guys is a next level. Love him or hate him he is updating videos regularly even though he is a fucking billionaire. He showed us that he even watches Guy's Crypto Bureau, which is the best guy on youtube for crypto info imo.Latest video he made, 2 hours ago or so, is just a minor reflect on Coin Bureau's last news video from today.Guy says that he is a bit concerned ablut Cardano's compliance, but he actually had misunderstood a bit. Charles explaining what is really happening.What's the other billionaire crypto person that updates educational videos almost daily? He is in with all of us.Respect well deserved.

Submitted August 31, 2021 at 03:38AM

I can't believe how merciless and thoughtless you guys are (El Salvador protests)

There's another post about protests against Bitcoin in El Salvador and again there are plenty of comments of people criticizng Salvadorans. People write in comments that "only bankers can be against bitcoin" and that those people are backwards because they oppose "new technology". But this isn't a protest by some lunatics against 5G or vaccines. It's a protest against incredibly volatile asset that those people will be FORCED to accept (edit to make it clear: all businesses will have to accept btc. But business doesn't mean big corpo - business is also a lady selling fruit or a man repairing bicycles)Since when are you so fucking supportive of governments imposing their rules on people?Is it because you hope that it will make BTC go up so you'll make some money? You're no different from those companies and those billionaires you criticize so fiercely.I wonder how much of their own fiat people who are so eager to bash those protesters convert into crypto...HYPOCRITESEdit to make it clear: all businesses will have to accept btc. But business doesn't mean only big corpo - business is also a lady selling fruit or a man repairing bicycles. And before you come and say "but president bukele says it will be optional". The law that was passed states clearly that "every economic agent" will have to acvept it as it's legal tender. Did a politician ever lie?

Submitted August 31, 2021 at 06:22AM

Reminder: Open your vault while you can.

You get moons every month, and it is nearly that time of the month where everyone gets moons. You might ignore this post today because moons are not worth much, but let me remind you there are only going to be so many moons in circulation. The moons are distributed less and less, and the price of each moon is only going up from here.Oh, and did I mention they are also going on the mainnet? This probably means some exchanges will list moons on their websites causing the price to go up. A vault takes a few clicks to open. Just like the old Bitcoin faucet used to give you 5 whole Bitcoins for a few clicks a decade ago.Open your vaults before it's too late.

Submitted August 31, 2021 at 05:25AM

Future of Finance: Ethereum overtakes PayPal and Bank of America by market cap!

https://ift.tt/3n1ye4D

Submitted August 31, 2021 at 03:23AM

Daily Discussion - August 31, 2021 (GMT+0)

Welcome to the Daily Discussion. Please read the disclaimer, guidelines, and rules before participating.Disclaimer: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 Pager/CryptoCurrency Discordr/CryptoCurrencyMemesPrior Daily Discussionsr/CryptoCurrencyMeta - Join in on all meta discussions regarding r/CryptoCurrency whether it be moon distributions or governance.

Submitted August 31, 2021 at 07:00AM

Finally gave the GF my seed phrases in case I pass away unexpectedly

I'm only 25 years old, but I'm riddled with health issues. I don't want to get too much into it, but I have this feeling that ill be dead before 40 and it wont be by my own doing.I plan on finally proposing to my girl whom I've been with for 6 years, but has been extremely close to me for 13 years ( I broke out of the friendzone like a mf champ)Well today, I showed her the location of my seed phrases and how to access all of my crypto incase I die.So if I die unexpectedly doing a bull run please note that she did it for the crypto.Edit: 1.Im not actually worried about her killing me or stealing my money. 2. Im not trolling about the health issues, my genes are fucked

Submitted August 31, 2021 at 04:35AM

Best day of the week to DCA

I've always heard the best day of the week to DCA is Sunday, like many of you I followed this advice blindly until I did my own research(also a heavily touted piece of advice). What I found was not only was Sunday not the best day it was one of the worst days. I do not want to say this is 100% accurate but I think it's pretty close. What I did was compare the high and low price of each day and average it out, for each day of the week. I went back 10, 30, 60, 90, 120, 180, 365 and 730 days to find when the best day would net you the biggest returns. Here is what I found...​Last 10 Days​Last 10 daysThis shows that Thursday/Friday were the best times to buy while Monday was the worst.​Last 30 Days​Last 30 daysOver the month we see that Tuesday/Wed/Thurs were pretty good days to average down. Saturday was the worst time to dca over the last 30 days with a difference of 2706 dollars per coin.​Last 60 Days​Last 60 daysThe graph may look different but it shows almost the same data, Tues-Thurs are pretty low while Sat-Mon are the peaks. Tuesday is pretty consistently the lowest point to DCA in. If you were DCAing on Tuesday your average price per coin is rough $1,100 bucks cheaper than if you DCA on Sundays.​Last 90, 120, 180, 365 Days​Last 90 days​​Last 120 days​Last 180 Days​Last 365 days​As the charts show, Sunday has been one of the worst days to actual DCA. If you DCAed on Sunday you were normally DCAing 1,000-2,000 higher than if you were to DCA on Tuesday. Maybe this is because more and more people started buying on Sunday in the last few months because of people here saying it's the best time, maybe people knew it wasn't a good time but they pushed that information out anyways. If you look at the last 120 and 180 days, DCAing wasn't that bad and was actually lower than most days but now it seems to be a bad day to buy. Maybe it will change in a month or two. Monday though is by far one of the worst days to buy. Anyways hopes this was informative.​Last 2 yearsThe best DCA strategy though isn't which day you buy but for how long you buy. You can see if you were buying every week for the last 2 years, your average price per coin would be 21k.​TLDR: Buy on Tuesday, Wednesday, Thursday. Sell on Saturday or Monday.Sources:coinmarketcap - double checking coin pricesalphavantage - api calls

Submitted August 31, 2021 at 02:59AM

Suspect Disappears With $119,000,000 Worth of Dogecoin in Alleged DOGE Mining Scam

https://ift.tt/3yx3z53

Submitted August 31, 2021 at 01:47AM

Listening to billionaires will make you poor

Billionaires used to be these magical mythical beings. Then Twitter came along. And we know now, they are just humans who have made a couple of good decisions.Never revere any single person. Much less a guy with a lot of money. He might have just been reckless enough to take a risk at the right time, and came out ahead. That doesn't mean he is super human. It just means that risks pay off sometimes, and he is a living embodiment of that.By definition, we're all flawed. Even the rich ones who think the world revolves around them. In a slightly different reality, they'd be begging in the streets.

Submitted August 31, 2021 at 12:56AM

I bought Bitcoin in February at $48,000 and its still at $48,000. WTF. I thought this was a volatile market

Earlier this year I sold all my other investments to go all in on Bitcoin because I was told this is a volatile market and I won't have to wait long for good returns. I just looked at the price and its still at $48,000. That thing hasn't moved in over 6 months. Has Satoshi stopped the Bitcoin servers? WTF is going on? I guess I will go back to the stock market where we get real volatility. I once made +2.4% in the stock market in just 5 months, we sometimes get -5% drops but I guess the stock market isn't for the light hearted. Oh well what would you kids know about volatility

Submitted August 31, 2021 at 01:10AM

I am buying coins shilled on this subreddit because I'm too dumb to DYOR and so far it has proven very good (up 80% on my investments)

I know, I know, DO YOUR OWN RESEARCH is the most talked about step in crypto investing, but hear me out.I am tech savvy, bring me a PC and I'll generally fix it. I haven't dabbed in programming to my detriment, could be useful in my line of work, but I digress.I guess what I'm trying to say is that DYOR is really hard. I tried reading whitepapers but to hell if I understand half of it (I mean I do, but there is to many phrases I do not know, and when I search for them I fall into a rabbit hole of new things and it's frankly too much). I tried watching youtube videos, but to me those fall under the category of shilling coins. Tried many sites to view pros and cons of cryptos but damn, I'm out of my depth here. I guess after a year or two in this I'll get it like many of you guys do.So long story short, I came here where nearly 3 and a half million of us post daily and have invested in cryptos that have been having good reviews (but they have bad reviews here also, and that is what I like the most) and invested over a couple of months.Boom I'm now 80% up from my calculated investments over time. So you can say Reddit did my research for me, thanks people!EDIT: for all people asking my largest holding is ADA, second is VET, then ETH and ALGO.If mods want proof just shoot me a PMEDIT 2: This is not financial advice, as always DYOR

Submitted August 30, 2021 at 08:39PM

Unpopular opinion: Moon coins are a shit coin and most of you are hypocrites if you enjoy them.

Sure its free money for making a comment or post but they have zero utility just like the coins that are blasted to no end in here and down voted to oblivion such as Doge coin and Shiba. People are literally making post and comments now trying to just get likes to earn a few more moons and its obvious sometimes. This in turn is making this group less enjoyable for myself. I don't blame any of you for enjoy moons, I do also, its free money and who doesn't like that. I guess my main point is if you enjoy a coin that has no utility its unfair and makes no sense for you to bash other coins that other people enjoy and also have no real life utility. Even if Moons bring more people you r/cryptocurrency are these really the kind of people we want on this page? Maybe some of you can enlighten me on how this coin is actually different from the coins that are hated in here besides the fact that its free to people who make a post. I do realize you can buy this coin, which is exactly like buying a shit coin. I wouldn't be surprised if this post gets downvoted a lot but this is making a lot of sense to me.

Submitted August 30, 2021 at 10:27PM

Which coin has the most annoying Subreddit?

It's Monday and I'm in a pissy mood so off we go. I'm becoming more intolerant of some of these crypto subs. Went from source of good info to whatever it is now.DYOR. ✔ Find a promising coin. ✔ Visit the sub for it. Big fucking mistakeAsk a simple question and you get bombarded with bullshit trying to suck you up to the mothership while they chant "One Of Us!" over and over.Don't get me wrong, not all of them feel like a cult or an insane asylum, but they are few and far between.What's the most insufferable crypto community you've had the displeasure of finding?

Submitted August 30, 2021 at 06:22PM

SafeMoons Developers Fail to Launch Simple App and got Caught Lying to Investors

https://ift.tt/3gMavFn

Submitted August 30, 2021 at 07:19PM

[Anecdote] I gifted my cousin a Ledger Nano X, and he turned my gift down.

My cousin recently became fascinated with all things crypto, so for his 21st birthday last weekend I bought him a Ledger Nano X. While he did thank me, he nevertheless returned it to me, explaining that he would prefer to buy one directly from Ledger to ensure its authenticity.I don't know whether to be offended that my own cousin thinks that I would try to steal from him by gifting him a compromised Ledger, or be proud that he's taking every precaution to protect his cryptographic assets. A little bit of A, and a little bit of B, I suppose.

Submitted August 30, 2021 at 06:59PM

Coinbase integrating Polygon

https://ift.tt/3sTpr9J

Submitted August 30, 2021 at 04:59PM

One of my favorite crypto features is that the market never closes

When I look at stock news I always find new companies I want to invest in…issue is I do most of my researching late at night and I’ll usually forget about it by the morning and sometimes that company has a significant gain within the next couple days/weeks I missed out on.Crypto has been so great that I can just throw money in at anytime so I never have to worry about missing significant changes in the market. The downside of course is that is can crash literally overnight, but hey, that’s one of the thrills in crypto I can’t get from stocks. And the constant obsession with charts is more fun when the needle is always moving!

Submitted August 30, 2021 at 03:11PM

What is a coin that you love, that is generally slept on?

So, I posted this in the daily and it kinda blew up, so I wanted to get a bigger conversation going. You hear a lot about the big players in crypto (BTC, ETH, ADA, etc), but I wanna hear your lower market cap sleepers. Coins that offer a lot of potential, despite not getting that much attention.A few that come to mind for me are XRP, Tezos, and Ocean.What is a coin that you love/hold, that is generally slept on, and why?If I get enough responses, I’ll compile them and update y’all with the combined info.

Submitted August 30, 2021 at 03:51PM

Is crypto the future? Are we truly early investors in the beginning of something huge?

I don't know if im the only one that has thought about this but let's be real for a moment. All of us are here for one main reason above all, the hope of a bright future. Yes the tech is great, the projects an added bonus. But we all have dreamt of nailing a life changing investment. We all have our favorites and believe our coin is the future.With that being said why all the hate for other coins? Why the downvotes stopping people from collecting moons?The problem we see in the world now is difference of opinion. I remember a time when not too long ago even if we debated, disagreed, fought, we could turn around and respect one another and those opinions immediately after. Now society is like a hate filled war zone.If we truly are in the beginning stages and early to the show that means we want crypto(no matter the coin) to succeed as a whole in order to fully benefit not just the space but the community as a whole.We all are under government oppression in one way or another and mainly financially. If we can turn the tables why the fuck are we at each others throats when someone mentions a coin we personally don't invest in? Why hate or wish for a coins downfall? Doesn't this push the eneducated curious investors away.We are a community that is massive and will continue to grow daily. But we will fail if we don't come together and show the world why ALL crypto is beneficial for man kind.Remember the government and media want us at each other's throats. If we are fighting we can't unite for the battle that lies before us!

Submitted August 30, 2021 at 12:30PM

Today crypto is about to change my life

Today crypto is about to change my life : I'll sell a significant amount of my coins 😀Unlike many of you here, my goal was never to stop working : I unfortunately know my initial investment was too low to become super rich anytime soon.So instead, I'll use crypto to optimise my FIAT job. I must say that I'm very lucky because my job is pretty much a dream job, I build amplifiers for guitar (and yes I already accept crypto payments for it). Unfortunately few years ago, I had rough days, and I had to spend all my working capital, leaving me with no stock and long building time, a pain for my customers 😥So today among others I'll sell some XTZ, SOL and FTM that are up resp. 100% to 230% since I bought, and I'll buy a stock of various components for my amps, as well as some new machinery. This should decrease the building time for my amps from 4/5 months to only 2, hopefully leading to more orders and happier customers 😀Of course I'll keep a big chunk of cryptos (around 2/3), that should provide an additional yearly bonus of around 5 to 10% in staking or selling some benefits, allowing me to keep fair selling prices 😎Crypto is not only about not working, it could also be about making your work easier 😇

Submitted August 30, 2021 at 02:42PM

A couple of days ago, Bitcoin dropped $3100 in mere hours. Last year, BTC was ONLY worth $3700.

If Bitcoin had lost this much in March 2020, that would have been an epic crash of 84% in just a few hours.Bitcoin is unbelievably massive.I know all the "grandpa" jokes/memes are flying around, especially in the daily but consider this scenario:"Bitcoin can't get me 100x, so that's why I'm buying [insert moonshot coin name]"Ok, I get it.You want to be in the game.The lure of hitting a 100x or 1000x on a coin is sweetly intoxicating because school/work/life sucks.So you pick your fledgling coin, you've studied the tokenomics and you decide it's got as good a chance as any to rise up to the top 10.Risky?Yes.To that, I say:Well, if you're going to be risky, why not put that risk in Bitcoin?If Bitcoin going to $5 million (100x) is a moonshot and coin x doing 100x is a moonshot, ask yourself:If you're wrong, what's the worst that could happen?Choose Bitcoin: It doesn't 100x. But it's almost certain to hold its value in 5 years time as anyone whose ever hodled BTC for more than 4 years is in profit.Choose Coin x: It doesn't 100x. But in 5 years time, it could be a ghost chain, discarded and forgotten, down 90% or more from ATH.That's the true beauty of Bitcoin:Buy buying it, you have a chance to witness a 100x, and you most definitely won't lose money if you hodl 5 years.Smart money is in Bitcoin.I hope your long shot moons for you, but I'm betting on Bitcoin blowing past 100x or a 1000x after the 2032 halving.Full disclosure:My crypto portfolio is nearly 80% Bitcoin.

Submitted August 30, 2021 at 11:38AM

If you are given $30 every month in which cryptocurrency you will invest?

Hello Folks!Suppose if you are given $30 every month to invest in cryptocurrency, how will you invest it?How many coin will you hold or diversify into in your portfolio and dca every month? I would like to know on what coin will you have in your portfolio except Ethereum. What will be your expected percentage gain at the EOY and what will be stop loss percentage for each coin?With all your understanding and experience of cryptocurrency make a portfolio with just $30 to invest each month for long term.

Submitted August 30, 2021 at 01:12PM

Solana breaks $100 for the first time ever

Solana (SOL) has achieved its latest all-time high with some impressive growth in the last 24 hours.The token, currently ranked the 8th most valuable cryptocurrency by market capitalization, shooting over the $100 threshold. At the time of writing this post, SOL is worth $100This milestone is the end result of a series of spikes, beginning in the afternoon of August 26. At that point, SOL was in a relatively lowly position of $67.55, one of its lower points across the week. However, it blasted its way back up in the space of two hours, crossing the $75 mark, where it hovered until the following morning. From there, it made another sharp climb and reached $82.64; again in only a matter of hours. Further spikes followed in the ensuing 24 hours; SOL clambered steadily up to the $88 mark in the small hours of August 28. It went on to move past $100 after 2 days.Do not Fomo in right now. Buy in the next dip.

Submitted August 30, 2021 at 09:54AM

Binance has frozen LUNA withdrawals and I think there is more freezing to come. Prediction: Binance (and many other top exchanges) will start freezing more top alt coins as they dont have enough to fulfil withdrawals.

LUNA withdrawals have been frozen on binance for 3 days now... I call bullshit on any wallet congestion that they proclaim. They don't actually have enough LUNA to fulfil withdrawal requests. Last i read 75% of all LUNA is being staked and I bet binance is doing the same with the LUNA they have. Unfortunately it takes 21 days to unstake so they probably can't fulfil LUNA withdrawals for 21 days.The incoming 'ADA wallet maintenance' is another disguise to freeze more ADA because their rate of ADA withdrawal is skyrocketting and they need to put a plug on it so they can buy more ADA which they soon wont have if more people start withdrawing.I wouldn't be surprised in the coming days they will have 'SOL wallet maintenance' and 'AVAX wallet maintenance'.For those of you who have not done it yet. If you want your crypto to be yours , its time to move all your crypto off centralised exchanges. I rather be subject to the outrageous slippage and gas fees of UNISWAP on exotic pairs than have the low fees of exchanges and have my crypto frozen.

Submitted August 30, 2021 at 08:57AM

Unpopular Opinion: Algorand's decentralization is no better than Binance Smart Chain's

Among the darlings of this sub is up-and-coming chain Algorand. The founder claims to have "solved" the Blockchain Trilemma using their revolutionary consensus algorithm. From their marketing page:Algorand uses cryptographic sortition to select users to propose blocks for a given round. When a block is proposed to the blockchain, a committee of voters is selected to vote on the block proposal. If a super majority of the votes are from honest participants, the block can be certified.What they fail to mention is the backroom selection of the validator nodes that actually run the network. Let's suppose the user proposing the block is truly random. How do they propose a block? Specifically, how does the user that owns the selected Algo token have any influence over how the block is proposed? So far as I can tell, the user has no real agency; in contrast, other delegating PoS chains like Tezos or Cardano let the user directly delegate their block proposal responsibility to a baker or stake pool, respectively. By choosing the baker/pool to whom I delegate, I do my part in ensuring the decentralization of the network. In turn, bakers/pools are incentivized to act in the best interest if the network in order to attract and retain delegators.The responsibility to select validators is a critical element in decentralization. The fact is, as an Algo holder I have no influence over the network. Instead, the network is run by a secret list of validators, owned and operated by "early backers." What guarantees do we have that those validators hold (and will continue to hold) the health of the network as highest priority? For all we know, Algorand could be a long con with a charismatic (and qualifed) figurehead.This critical flaw calls into serious question the long term value of the Algorand project. I choose not to use BSC for the same reason (centralization). At least BSC doesn't lie about being decentralized - their solution to the Trilemma is to sacrifice all decentralization in favor of speed (and presumably security). Algorand claims to be decentralized, but so far as I can tell it's all smoke and mirrors.This sub has a lot of Algo supporters. To you I say: change my mind.Disclaimer: I hold some Algo, but I'm much more interested and invested in decentralized chains: Ethereum, Tezos, and Cardano (and learning about more as my time permits).

Submitted August 30, 2021 at 09:56AM

I put 5 random cards with seed phrase around my city: nobody took the money, I sent 50 emails offering btc: nobody took the money, I put 5 cards on notice boards and still nobody took the money. WHY WONT SOMEONE TAKE THE FREE MONEY!?!?

Hi guys. I’m back with this again. For anybody who saw the previous posts… I still can’t find a taker for my free btc.Tldr: I had an old btc wallet with $18 btc. I wanted to experiment and see how likely it is that someone would get a seed phrase and know what to do to extract the money. the result was….nobody took it although I made it easier and easier with 3 different approaches. It shows how early we are in this game.This is/was my last attempt. I don’t want to bore people. If the money is not taken by Thursday I will donate it to the cancer society. (I will show proof here)Experiment 3 (this week): I was 100% sure this would work and the money would be gone quickly! I made 5 “prompt cards” that said “enjoy your free btc!” And printed the entire seed phrase. I placed the 5 on notice boards in: 3 X shopping centres, 1X library and finally 1X a well known university (packed with well educated people) - the flaw here was the university is still operating but not as normal due to summer holidays! THE MONEY STILL WASN’T TAKEN!!!!!!Experiment 2(2 weeks ago): I set up a new email account and emailed 50 people from random contacts Iv had over the years, some in the same country, some not (it actually took a bit of time to do and i had to “borrow” some email addresses from an advert page to space out the locations of recipients…. I sent 50 separate emails with the subject as “Somebody please take the free money”. AGAIN, nobody replied or took the money.Experiment 1(3weeks ago): I printed out 5 laminated cards with the seed words on them, scattered the 5 throughout the area (200,000 population), 5 days passed, all the cards were gone but the money remained. Basically either people found them and didn’t know what they were or they got dumped in the trash.Thanks for reading. It was fun while it lasted. I enjoyed the chat with y’all.

Submitted August 30, 2021 at 09:47AM

Indians are adopting cryptocurrency faster than other nations - 30% population holding crypto! ( 390 mil )

https://ift.tt/2Wwtn3V

Submitted August 30, 2021 at 05:05AM

What if you walked around with your net worth floating over your head?

Hear me out. I kind of feel like the moons display makes shit really awkward. I think it also detracts from conversation. It’s hard to create a community when the disparity is so obvious. Being human, my eyes are instantly drawn to the moon display, and to be honest, I don’t really want to think about moons when commenting, upvoting, or posting. This is to say that the moons display kind of sucks. I think the visual is making people too focused on the amount of moons they can make, and it makes people afraid to post unpopular thoughts. It’s also a security risk. Imagine if your net worth was posted over your head everywhere you went. It would be pretty fucking distracting to all involved. Can we propose some kind of amendment to get rid of this shiz? Does anyone actually like it? Thank you for your thoughts in advance.

Submitted August 30, 2021 at 07:10AM

Daily Discussion - August 30, 2021 (GMT+0)

Welcome to the Daily Discussion. Please read the disclaimer, guidelines, and rules before participating.Disclaimer: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 Pager/CryptoCurrency Discordr/CryptoCurrencyMemesPrior Daily Discussionsr/CryptoCurrencyMeta - Join in on all meta discussions regarding r/CryptoCurrency whether it be moon distributions or governance.

Submitted August 30, 2021 at 07:00AM

Eth Gas Fees Suck

Just venting.Want to accept an offer for a nft on opensea, and it costs 140 dollar gas fee. I've only got 60 dollars worth in my wallet.So I try to swap a couple hundred dollars worth of a token I have on uniswap and the gas fee is more than the 60 dollars eth I've got in the wallet.So in order to accept my nft offer I'm gonna have to pay over 200 dollars for the privilege, which I don't have in eth and am unable to obtain via my tokens. Ridiculous. All the excuses people give for it is bullshit, dealing with eth will be a rich man's game if it stays like this.I'm effectively done trying to do anything actually useful on the eth blockchain. Will be trying out Solana, Algo, Tezos maybe Cardano when smart contracts are out. Anything would be better than eth at this point.And yeah yeah layer 2 solutions blah blah blah, sorry but naa, if I have to jump through hoops just to do anything, it's no good. Maybe I'll come back in 10 years when it's maybe usable and "eth2.0" is close to being done.

Submitted August 29, 2021 at 11:25PM

If 1 Bitcoin appeared in your wallet right now, what would you do?

If 1 Bitcoin appeared in your wallet with no explanation from anyone, what would you do next?If it happened to me, I would immediately try to see if I was dreaming. Then I would cry. Then I would put it into a cold storage and add security. I wouldn't tell anyone but I would be acting as if life is magical and i would probably tip many friends and family some maybe also strangers for fun.Has this ever happened to anyone and what did they do? I kept dreaming about it. Sometimes i just check my wallet for no reason.Just wondering what you all would do if it happened to you

Submitted August 30, 2021 at 12:41AM

Don't feel bad about the amount you own..

I've noticed there are too many people on here that are comparing their portfolio's to others. Whether it's the amount of crypto one holds or it's fiat value, to low buy in's/high sell offs.I seen a post the other day about ADA (not trying to shill, just a good example of my point) where in order to vote in the 'Catalyst Funding' one would need to own 500 ADA. The amount of people talking down on themselves for not owning that much was sad.I'd like people to remind themselves that it's all relative of who you are and more arguably, where you are located in the world. Someone on there said that much ADA was over two months salary, where as in my corner of the world, that much wouldn't get you a one bedroom apartment in a 'bad' neighborhood.You can afford what you can afford and that's good for you and you should be proud. The comparison to others is not only hurtful to yourself but also deceiving. Some people have started life in extremely fortunate positions giving the illusion of success. When you have alot of money it's easier to make money. It's harder to risk two month's rent on a crypto investment than a couple % of someone's 'fortune'.TL;DR: Don't feel bad about other's success or celebrate their misfortunes. That mindset will only hurt you in the end. Just be happy your in Crypto to some compacity and it's still early.Edit: Thank you for the awards, GLTA

Submitted August 30, 2021 at 12:32AM

I think if moons were pushed sitewide it would literally kill reddit.

There's a glaring problem with the MOON system: It incentivizes people with nothing to contribute to post anyways, leading to spam and degraded content quality overall.This is probably going to be an unpopular opinion since a lot of you are benefiting from the moon system but as somebody who's been active in this sub for years it's very obvious the negative impact moons have had on this sub over time.The idea of the MOON system was to incentivize quality content by rewarding people who made popular posts/comments. In theory this system makes sense, especially combined with the governance aspects, and I think it was a worthwhile experiment. However, this is obviously not what's happening in practice. You have people spamming 100s of short and largely useless comments 24/7 which are not even original and just something they saw get upvotes before or whatever. These are people who would've never ventured to comment before the moon system was in place because they don't really have anything to say. "Karma whoring" has always been a sitewide issue but adding monetary incentive for it makes it 100x worse (shocking lol).If you added this to every sub on the site you would annihilate every top community. IMHO the moons experiment has failed miserably. Its decreased content quality and basically ran off anybody who was making quality contribution regularly. Any genuine posters left are buried in spam comments/posts trying to farm moons.

Submitted August 29, 2021 at 11:55PM

Cuba government issues resolution authorizing the use of cryptocurrencies in the country - This is great news.. I might need to make a couple mojitos to celebrate! :)

https://ift.tt/38mAChz

Submitted August 29, 2021 at 08:39PM

It's too positive around here. What do you hate about crypto at the moment?

We're getting a bit too chummy around here. What bugs you the most when it comes to the current state of crypto?Doesn't have to relate to this subreddit necessarily - could be in the news, general conversation, your personal investments/ portfolio, banks (yeah, i know, too easy), exchanges, 'influencers', overreaction, underreaction, complete lack of reaction, disguised shilling, overused phrases, senseless thought patterns...you get the gist.What can you just not stand to read/hear at the moment and why?

Submitted August 29, 2021 at 11:16PM

In case you didn't know, AMD has a videogame store where ownership is recorded on the blockchain and games can be resold. You can also use your idle PC to mine, and get rewarded in their own token which you can use to buy games

https://ift.tt/2XMgJfc

Submitted August 29, 2021 at 09:59PM

If Bitcoin Would be Surpassed in MarketCap, Which Coin Would it Be?

Okay hear me out before the bitcoin legion finds my children and sacrifices them for the lord Satoshi.Bitcoin has always been the coin with the largest marketcap, currently at $883B making it the most dominant in the market since the beginning of crypto. The following figure shows the percentages of the biggest coins in the total marketcap as of today:​Percentage of Total Market Cap (coinmarketcap et al, 2021)As can be seen on the chart, the bitcoin dominance has diminished the last years, with the current percentages being:Current percentages of marketcap dominance (coinmarketcap et al, 2021)Now my question is as follows: IF bitcoin were to be surpassed, which coin would take the number 1 spot and why?View Poll

Submitted August 29, 2021 at 09:09PM

Keeping aside small amount of money every now and then specifically to buy the dip is the strategy I started when I first lost my chance to buy the dip.

I'm the type of person who buys crypto whenever he gets spare money and most of the time when the prices dip, I'd be out of money and therefore miss buying them.So instead of buying every time I get money, I decided to keep the money I wanted to invest aside just to buy in dip.I missed the first dip like 3 months ago, it wasn't even a big dip but made me realize the mistake and thanks to this strategy I was able to accumulate a really good amount of ETH,ADA, and VET in big mama dip(-59%)I've decided to DCA only ETH and BTC. Other alts I'll buy at dips.What do you guys think of this? I'm a small investor.

Submitted August 29, 2021 at 07:44PM

Why Apple needs to make a crypto wallet

Apple adopting cryptocurrency through the creation of an Apple wallet would be huge for both the crypto world and Apple in general. To start, digital wallets are being adopted rapidly by people worldwide, and Apple stands to benefit from a simple and secure user experience, leveraging the advanced biometrics on iPhones.“A new study from Juniper Research found that the number of people using digital wallets for all types of currencies is expected to increase from 2.3 billion this year to nearly 4 billion, or 50% of the world’s population, by 2024.”With the use of CryptoKit on iOS 13, security would be easily assured for consumers, thus helping more users feel safe adopting the Apple wallet (“Because CryptoKit enables a second layer of security through encryption for iOS applications with private and public keys, it can address other issues related to hardware hacking, such as SIM jacking – a malicious attack often used to assume control of a person's digital and financial lives.”)The creation of an Apple wallet would allow Apple to capitalize tremendously on an untapped market, and rapidly accelerate the use of crypto to a more mainstream option for businesses and consumers worldwide.TL;DR - Apple stands to benefit massively from the creation of a crypto wallet, as do consumers. IMO, Apple making a crypto wallet would be perhaps one of the most bullish things to happen for crypto as a whole.

Submitted August 29, 2021 at 07:22PM

Barclays, the Bank which Blocks Crypto has over 40 times Manipulated the Market, abused Securities, violated Investor Protections (...)

Barclays, the bank which has blocked people from buying crypto in the past because it would be "unsafe" does not take the safety of their customers as strict as they would want crypto to:financial offenses: x25 timescompetition related offenses: x12 timesemployment related offenses: x2 timesmiscellaneous offenses: x1 timestoxic securities abuses: x5 timesforeign exchange market manipulation: x5 timesinterest rate benchmark manipulation: x5 timeseconomic sanction violation: x5 timesinvestor protection violation: x14 times(...)Also they have funneled $400M of corrupt money to Qatar in the past, if that surprises you.But crypto is unsafe and must be stopped because it hurts the people?

Submitted August 29, 2021 at 06:52PM

14,255 Accounts in last distribution with NO REDDIT VAULT

Since the next distribution is about to begin I was thinking to open the .csv file once and is see how many accounts have no moon address / reddit vault. This to my surprise has fallen larger than thought, there are 14,255 accounts that have NO Reddit vault which is 32,2%.- There are 44,301 accounts present in the .csv file so this is only valid for those who participated round 16.- 30,046 accounts have a Reddit vault.- 14,255 accounts do NOT have a Reddit vault. (32.2%)263059 Karma of all accounts together.I would like to put out a call to everyone, if you see anyone with no Reddit vault, please send this link and recommend they open one: https://www.reddit.com/community-points/32.2% accounts don't have a Reddit vault...Stay safe!

Submitted August 29, 2021 at 06:23PM

Unpopular Opinion: Cardanos Price is purely Speculative as Cardano currently offers no Big Real World use

Cardano is currently offering no real world use, every price increase is speculation on more people hoping on actual adoption.This speculation will still have too much volume for a crypto "just" adopting smart contracts.Smart contracts is a feature many other cryptocurrencies have while being fast and not taking much fees (XLM). The speculation acts like Cardano would adopt a ground breaking never seen before innovation, even while it is considered a more basic feature by some people by now.(I like Cardano and even own some myself)

Submitted August 29, 2021 at 06:26PM

I haven't used ETH since 2016, the fee I just saw today on a $10 trade was more than my bank has charged me in 3 years. What's the point of all this now?

I haven't used ETH in 2016 and back then gas fess were maybe a couple dollars.I found $50 in USDT in an old MetaMask wallet and wanted to swap it for ETH. I have never swapped anything before as this stuff wasn't really around in 2016. I tried to swap $10 USDT into ETH as a test run.The calculator said it would cost $34 in gas fess. I would literally be losing $24 on that trade. So I just left the USDT in there and I guess it'll stay there until this gets fixed.Now I'm all about decentralization and ETH has been one of my favorite projects since 'Nam. But I mean this is just ridiculous now. My bank hasn't even charged me this much in over 3 years and I have made several thousand transaction with them over the years. One $10 transaction with ETH is $34? Man I almost can't even believe it. I know about ETH 2.0 but even that has already been pushed back before.For ETH, I just don't even see the point of using it anymore, it's too expensive. When you want to send someone any amount of money, you have to throw a handful of your own cash into the garbage bin.I really hope they dev team can fix this issue before it get's really out of hand. $35 fee on a $1,000 transaction is... understandable, but $10? The barrier for entry will soon be too high for new users to feel comfortable getting into it.

Submitted August 29, 2021 at 11:29AM

Chinese government says Bitcoin "has no value" as it begins newest phase of its anti-crypto crackdown. All foreign crypto exchanges, websites, and corporate pages are now blocked across China's Internet.

https://ift.tt/3mBBirM

Submitted August 29, 2021 at 01:12PM

So we're hating Ethereum now?

Edit: Thank you everyone in the comments, my hope has been restored. Perhaps I just happened to run into the vocal minority during today's scrolling :)Looking at the front page and going through the comments, today's sentiment is clear - death to Ethereum and its exorbitant gas fees! I even spotted comments calling Ethereum a premined scam, something usually seen in the more... uhm, tribalistic subs.So with all the noise in r/cc I thought the world was burning (no pun intended) and checked the current gas, just to see ~40 GWEI. Oh.Throughout the bullrun we have seen worse, much worse congestion than this.I understand that the NFT minting spikes make for flashy screenshots - and yes, it is the NTFs. For those not aware, OpenSea currently guzzles more than twice as much gas as the next in line (Uniswap, the previous king of gas). And it tends to concentrate the gas into those ridiculous spikes. But if you're just a little patient you'll get your transaction in under 100 GWEI and if you have all day, probably under 30.For those interested in daily interactions with DeFi/dApps, we already have flourishing L2 ecosystems such as Polygon. Various rollups are gaining traction as well and hopefully will soon offload some of the L1 traffic.Sharding is still on the roadmap (and for some reason always burried at the bottom of the comment section).And we now also have the silver lining of burning some of the fees thanks to EIP-1559.Help me understand why we're hating Ethereum today and not half a year ago. Is it just because of the screenshot-worthy spikes? Is it because of the Cardano and/or Solana hype? Is it because people had the wrong expectations for EIP-1559? Or am I missing something fundamental that's going on?Don't get me wrong, gas fees are high and it is an issue. No one is disputing that. I just don't see how it is any worse than it used to be. And I sincerely doubt that Ethereum is going to "kill itself because it's completely unusable".Thank you for coming to my TED rant.

Submitted August 29, 2021 at 02:05PM

My shitcoin gambling adventure broken down..

So my friends, I initially invested an estimated 10bnb into shitcoin fair launches.. This is my story.With over 100 launches in the last 6 months, let me tell you.. I have seen some shit.About 90% of the launches were either rug pull, slow bleed, or a straight up honey pot. (honey pot is when you are unable to sell and only buy.. Aka insta fucked.)8%ish were promising launches that dealt with problems due to extreme bot issues/ exploits or hacks.The last 4% went well, a couple did a massive 20x-50x off launch making back my returns.All in all, I Luckily made back 11bnb out of my 10bnb.. But if you think of the time invested in research and chart watching... Just buy some fucking eth or btc.Thank you for listening.

Submitted August 29, 2021 at 10:05AM

Tipping Moons

Every moon distribution I've been around for, I've been diligent in voting on the governance polls. However, I'm learning that I haven't been following up close enough as far as which ones passed or not.I found out yesterday that the poll that would allow us to tip up to 100 moons per distribution cycle without losing our 20% holding bonus, passed!I've had a few members tip me moons, including u/ethereumflow, u/crypto_grandma, u/xrporbust and I appreciated it every single timeFrom here on out, I vow to hit that 100 tipped moon threshold every cycle as well, and I encourage others to do the same!I'm far from being a moon whale, but I have a few, and these moons literally cost me nothing. I would love to pay it forward and help some of the newer members out a little bitAt the time of making this post, I'm at 9,238 moons. By Wednesday, I will be at 9,138.

Submitted August 29, 2021 at 10:11AM

Safemoon has been exploited from day 1 and $68,460,000 have been siphoned out of the liquidity pool. This gets auto-deleted from their sub. Explanation in comments

https://ift.tt/3h0jDXh

Submitted August 29, 2021 at 06:05AM

Daily Discussion - August 29, 2021 (GMT+0)

Welcome to the Daily Discussion. Please read the disclaimer, guidelines, and rules before participating.Disclaimer: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 Pager/CryptoCurrency Discordr/CryptoCurrencyMemesPrior Daily Discussionsr/CryptoCurrencyMeta - Join in on all meta discussions regarding r/CryptoCurrency whether it be moon distributions or governance.

Submitted August 29, 2021 at 07:00AM

Let's talk about Exit Strategies and Profit Taking!

Introduction:Having experienced how deceitful, insanely volatile and punishing a full blown crypto Bear market can be back in 2018, I'll be the first to tell you how vital a planned Exit strategy is in order to maximize profit and minimize losses. So let's dive in.Many, including myself, believe we follow the lengthening 4 year cycle with a current bull market, where we for example will see a 2nd top in late 2021, or most likely early-mid 2022 before a probably Bear market.A "Black swan event" beforehand, such as stock-market crash, increased interest rates or the dreaded Infrastructure bill smashing the stable coins can incite a sudden bear market.Not taking profits, trying to time the top (spoiler: you will not), being to greedy or too attached to your investment (echo chambers) are the most common, and yet severe mistake us rookies do.The charts will not go up in a straight line forever, and there will come a time somewhere in the future where we go downwards before going up again.The goal should in most cases be to have a predetermined Step-by-Step Strategy, that you can live with yourself should it go further than you expected, crash more/before you expected.If you can sell high and buy in lower, you increase your position and gains. More Sats, baby!When you invest, you should already have decided what you want:What is your realistic price target/expected top? Is it in % gain, or is it a $ or Sats your goal?How much gain will satisfy you? How much loss can you take before you close the position/admit your mistake?Which do you consider high or low risk?Which are your short term holds? Which are long term holds?Are you taking profits from Alts into BTC? Crypto into gold/metals, stocks or FIAT?How do you want your portfolio to look like once the bear market happens? 20% BTC, 10% ETH and rest FIAT? 50% gold and 50% stabile coins?When do you Enter again for the next cycle?Thoughts on strategy:Many start by taking out their initial investment as a start, but this typically leads to more riskier and often bad decisions with the rest of your crypto trying to time the top.Many investors will keep 5-10% of their holdings, just in case of a bigger up-cycle or because they firmly believe in the project.By DCA (dollar-cost averaging) OUT you will most likely "time" the top better than you ever would trying to find the peakHence, most "expert" investors recommend the predetermined step-by-step plan, for when and how much profits you are going to take.This is typically done with limit/stop orders that is set beforehand, as the market progresses.And make the "profit taking road" ready!When the time comes, make sure to have your assets on the exchange or wallet needed to take profit. Have in mind many exchanges will "crash" when we get to the top!Do you have enough gas in your e.g. BTC, ETH or BNB etc. account to cover potential insane Tx/swap fees of the thousands or millions trying to use the network?Does your bank approve FIAT deposits from your exchange?Have you calculated the tax implications?As an example, here is my current Exit Strategy for BTC (this is getting long, so simplified):I believe might see a BTC peak $150 - 200k, then a drop potentially back to 60k.My upside trigger of limit orders will be when BTC is closing in on $90k.20% sell at 88 k20% at 98 k10% at 108 k10% at 118 k10% at 128 k10% at 138 k10% at 148 k10% to try to time the peak or HODL in cause of crazy upcycle (not decided).My downside of stop loss from a unexpected "early" peak/downtrend:If BTC - 25% from presumed peak, 35%If BTC - 50%, sell rest of assets but leaving 10% of BTC.I will buy/DCA on the way down again, hopefully increase my BTC position by >2 times.Closing:I'd love constructive feedback on my strategy, and by any means feel free to share your BTC or ALT-coin Exit Strategy! Hopefully we can inspire some of the new Redditors, and all learn something new.EDIT 1:I did not expect all these downvotes. I'd like to explain why "forever HODL" might not be the smartest thing. Back in 2018-2019 I had the same mentality as many of you "NEVER SELL, ILL HODL UNTIL I DONT HAVE TO SELL"... and sat and watched my portfolio decline with 90-95% of its peak value. I still have not forgiven myself (it's horrible) for not having an Exit Plan. I could have EASY 2-3 x my current positions and now gains! You want MORE crypto? This is the way.Edit 2:I'm still looking for inspiration to modify my strategy by going through the comments. No one have a profit taking strategy for BTC, ETH or Alts? Come on guys!​​

Submitted August 29, 2021 at 03:01AM

Does your wife/girlfriend or partner know how often you check crypto charts and r/CryptoCurrency?

Just curious, my wife has no idea what is really going on through my head when it comes to crypto. She knows about Moons but thinks crypto is a big scam and doesn’t want to hear a thing about it. So I don’t/can’t talk with her about it. I have this online community of like-minded folks who may be just as insane about crypto as I am, and who fantasize about their future of not (or only partially) working a job.What do all your wives / GF’s / partners think about crypto in general? Do you talk with them about it? Did they get sick of hearing about it from you, like mine did, and you turned to Reddit to find friends who are equally as passionate? Does anyone wanna go to a beach with me some day and drink beers / margaritas together, cheers-big because we made it? Love you guys!

Submitted August 29, 2021 at 05:05AM

Predictions Tournament

https://ift.tt/3zqrXGB

Submitted August 29, 2021 at 06:11AM

Hungary is halving taxes on cryptocurrency earnings to boost its COVID-hit economy.

https://ift.tt/3jq6Mix

Submitted August 29, 2021 at 02:22AM

Moon Week is in 3 Days

Moon week begins in 3 days (september 1st). Before it starts make sure you have opened your vault.When it starts, be sure to vote on the governance polls to receive a 5% bonus.Do not move more than 100 moons until then, or you will lose a 25% bonus next distribution. (Only applies to the amount you received last distribution, you can move all the other ones without losing the bonus)You can submit your own governance poll pre-proposal to r/cryptocurrencymeta to receive user feedback.The actual distribution will happen a week after the moon week.A post will be pinned in three days, linking to a file where you can see how many Moons you and other people have earned.

Submitted August 29, 2021 at 12:37AM

Steven Seagal moves to Russia to escape US crypto fine. He is trying to avoid paying $200,000 that he owes the US government for promoting a digital token.

https://ift.tt/3Do7sNj

Submitted August 29, 2021 at 12:59AM

JP Morgan in 2017: "Crypto is only fit for use by Drug Dealers and Murderers" - JP Morgan in 2021: Launches its Own Bitcoin Fund

https://ift.tt/2x03lFy

Submitted August 28, 2021 at 10:07PM

Unlink your bank account from your Exchange!

This might be a “No shit Sherlock” to some, but I never thought about it until now. The other day, many people here got the message from Coinbase saying “Your 2FA has been changed”.Obviously we all thought we were getting sim swapped/ hacked or what have you, and my first thought was “Ha suckers, my crypto is in a cold wallet!”But…. That’s when I had my epiphany. What is stopping a hacker from buying new crypto using your linked bank account and sending that to their wallet?I’m going to guess nothing seeing as with about 10 taps it works just like that.So this message goes out to you, who has no reason to have your bank account linked to an exchange 100% of the time!Unlink it otherwise risk losing all the money in your bank account!Edit: I’m watching this post, and the fact that people are purposefully downvoting something meant to protect others should be ashamed of themselves.Edit 2: this may not apply to everyone, but, everyone doesn’t use the same banks and exchanges. And for those who say “it’s insured”, even if it is, waking up and having no money in your bank account is a pretty big deal; even if you get it back, it can cause a lot of unnecessary trouble (not being able to pay for food, gas and bills) even if it’s not stolen.

Submitted August 28, 2021 at 09:36PM

Here's some hopium. "Fidelity Predicting $100 Million per Bitcoin by 2035"

https://ift.tt/3yy9jf3

Submitted August 28, 2021 at 08:12PM

Congress received more 40,000 calls from Crypto Enthusiasts before the senate vote on the Infrastructure Bill, and are starting to take us seriously

As Many of you probably know the Infrastructure Bill was recently passed in the senate, which has some big changes to the way that cryptocurrencies are regulated. This bill is quite stupid, and it is clear that the people who designed it do not understand cryptocurrency. They define Brokers much too broadly, and would require KYC for a ridiculous amount of users.Anyways, the Crypto community was quite outraged about this. There were many posts and comments asking people to call their local senators.From the article:Digital Rights organization Fight for The Future said that it saw more than 40,000 calls to congress ahead of the Senate Infrastructure vote.“I think it’s the first time that lawmakers have taken crypto seriously on a broad scale, so we’re able to have a different level of conversation than we’ve been able to have in the past because they know that so many of their constituents care.”-Kristin SmithI am disappointed that they voted to pass the bill anyways, but at least our voices were heard. I am proud of y'all.

Submitted August 28, 2021 at 09:54PM

The trading algorithm I made can now detect a new coin within 0.3 seconds of it being listed on Binance

It's been about two weeks now since I initially shared with you a tool that I had made in order to quickly buy into a new coin listing to take advantage of the initial surge in the price.I've spent the past two weeks, debugging, fixing and optimising this code to get it to a level where it actually works. It's been a challenge to test since I have to wait for a new coin order and then check if it broke or not, but I think I finally got there.Before I go explaining how the tool works, let me explain why I think that this particular strategy has some potential:As some of you may have noticed, many coins seem to go through to what I would like to call a "lightning-pump" during their first few seconds of being listed on an exchange.Have a look at ICP (you may put your pitchfork down, this chart is the perfect example):​chart for ICPIn under a minute, the price of ICP shot up over 10 times, before slowly dipping into the void. Manually trading this 10x would be impossible, due to the speed required to catch this pump.So I started building a bot that would detect new coin listings in about 20 seconds of them being listed on Binance.It soon became quite clear that 20 seconds is way too slow to take advantage of the pump so I had to make it quicker.The second improvement enabled the trading algorithm to find a new coin and place a buy order in about 5 seconds. This was better but not great.Finally, I decided to remove all the breaks and just call the Binance API like crazy. Full steam ahead.The bot is now able to detect a new coin listing in 0.3 seconds and place an order. There haven't been any new coins listed after I made this improvement so I will let it run and share my results once I have them.I've also fixed any bugs that were caught by some of you that decided to test this out so thanks for that!For anyone interested in trying it out, I've included a test mode that will simulate placing orders so there's no risk involved.​Here's a step by step guide on how to build it as well as an in-depth anatomy of the code:https://ift.tt/2UXn7Ss the GitHub source code please go here:https://ift.tt/3jqGfBu you have any ideas on how to improve the stability or the speed of the code, please feel free to submit a PR.​Edit:For those of you who asked for a YouTube video before - here you go! https://youtu.be/mIa9eQDhubs

Submitted August 28, 2021 at 08:07PM

DCA in action: Buying $20 in ETH every day for the past 100 days (with graphs!)

Quick preface: All the dollar figures are unfortunately in canadian dollars unless specified otherwise. Also this is actually day #99 on the charts because my days are 0-indexed.So a hundred days ago I decided to buy ETH at $20 every single day to see what would happen and if this Dollar Cost Averaging strategy actually works, and I fell in love with it haha.It's kind of a lot and adds up real fast ($140 weekly, ~$600 monthly, $7300 yearly) but overall it's still a reasonable percentage of my income and I'm used to it now. I already made a thread about this a while back when I broke even at around 60 days and figure every 100 days is a good milestone to update for whoever wants to hear (Or now that I've typed it all out, maybe my next update will be at 500 days cause that's a lot of typing damn)The TL;DR results for these 100 days are (if you don't want to read the whole thing that's fine but make sure your question isn't addressed by the FAQ below, I got the same questions a hundred times last time I made a post about this)Total spent: $2000Total ETH bought: 0.6601 ETHTotal ETH value now: $2700 (+35%)Average price: $3030 (or $2400 USD)Best buy: 0.00907 ETH on 2021-06-26 which is now worth $37 (look at me I bought the very bottom of the dip!)My goal is to let the automated buys do their things for at least 4 years, so 365 x 4 + 1 leap day = 1461 days which I round up to an even 1500. This means I'll have spent $30k in ETH which is like... damn. Where will ETH be in 4 years and how much will that $30k be worth by then? So yeah I have my eyes on June 28th 2025 and I'm already 1/15th of the way there!My ultimate end goal is financial independance through staking/DeFi rewards. Probably not achievable in 4 years (unless my boy SquishChaos is right). Still, I'm running simulations all the time (to daydream and waste time at the fiat mine) and the bare minimum (where ETH/Crypto didn't go to $0) still nets me a pretty nifty sum in 4 years so I think my odds are good. It'd be cool to never have to sell ETH and keep borrowing against it while the collateral appreciates.I also like to make as many graphs as I can, using hourly prices:Paid vs value over timeBalance over time as price goes up, the line gets less steep which sucks when my goal is to accumulate as much ETH as possible, but also a less steep line means more gainsAverage price vs actual price over timeHow much ETH each day's $20 got me — More during dips and less during peaks. I do miss waking up to 0.008 buys lol, now I'm lucky to get 0.005ROI on every buy — Still at a "loss" on some of the past two weeks' buys because of this crab season but it's fine lolAlso setting expectations high I know — just let me dream please — but a logarithmic graph over the whole 1500 days, hoping the next big bull runs will make that orange line shoot way up as the blue line tapers off as it approaches $30k. But I'd need an overall return of x33.3 to hit $1M with this DCA strategy alone, so that will probably take me longer than 4 years. We'll see...I like this dollar cost averaging strategy because I no longer stress about timing my buys or dumping hundreds of dollars during a dip and then feeling stupid the next day when it dips more meaning I could have more ETH for the same price. Or thinking it'll dip more and then it goes up and I miss out. Instead I get the average daily price over the whole period I'm doing this. But of course I'll also buy large dips when it feels reasonable to do so, as any extra ETH brings me closer to my goal.So like basically what happens is:Price goes up: "Yay look at all those gains"Price goes down: "Awesome, my $20 will buy more ETH tomorrow morning"The average price gets more and more "settled" each day and over time it'll be harder and harder to make it move which I find pretty cool.When prices dip, the daily buy props that value sideways instead of down (unless it's a big dip) and when it goes up, the value shoots way up because every day brings a new $20 to do its thing. See this annotated graph for a rough idea of how price movement affect the orange line. I'm aware that this effect won't keep up as much once I have more and more money and that daily $20 represents a smaller and smaller percentage, but it was very motivating early on especially as I was in the red a lot. Big dips in price made my graph go sideways instead of down, and increases made it shoot way up. Now in this crab season the price isn't moving as much so the orange line as roughly the same $20/day increase as the blue line.No need to stress about timing large buys.Cool graphs every day, I look at them more than actual price charts.If I suddenly need money, I can just stop buying for a while instead of selling (assuming I still have a job and steady income) but I'm personalfinancing everything so I still relunctantly have an emergency fund for these things instead of dumping it all in crypto. And also I like this DCA experiment too much to mess with it, I'd rather stop investing in my traditional retirement accounts before stopping these daily crypto buys lol.Frequently Asked Questions:Don't you get killed by exchange fees for all these small trades? No, the exchange I use makes their money through a buy/sell spread instead of a flat fee per trade. So I buy my ETH at a slightly higher than market price. So in the end it doesn't matter if I buy $10 ten times or $100 once, I'll still pay the same fee through that spread. The spread is kinda high but I'm happy to pay it for that convenience. Plus they have this gimmick where every day I can get some free satoshis and I've done the math to figure out those daily free satoshis are worth more than what I pay through the spread lolWhat about Ethereum gas fees? They don't come into play. I let my ETH accumulate on my exchange and every month or so I'll send it to my hardware wallet. Plus the exchange is cool, they cover the gas fees as long as I meet the minimum withdrawal amount (currently 0.05 ETH, used to be 0.10) so I don't even have to worry about those!Why DCA daily instead of weekly or monthly? It's more fun, and my exchange app lets me automate it, so why not. In the long run it doesn't matter if you go daily or weekly, I've ran simulations for fun and they all average to roughly the same result. There's always the risk that your monthly buy happens at a short term peak and nets you less ETH for the same price, but that risk gets smoothed out over time.How do you automate it? My bank lets me setup an automatic biweekly e-transfer (Interac) of $300 every payday to the app, and from inside the app I set up a recurring buy for $20 every day at 6 AM. This also leaves me with an extra $20 every 2 weeks that I let accumulate until I see I dip and buy it without remorse but it's not much.Isn't this a recipe for a tax nightmare? Probably yeah but that's a problem for my future self to deal with lol. I don't plan on selling for a while, but when I do, I can generate a CSV detailing each transaction I made with the price at the time of purchase and everything. From there I hear there's even crypto tax calculators that accept that CSV to calculate how much capital gains I'll have to report but I haven't explored those options too much. All I need to know right now is that my 2021 tax return will be simple enough to do by hand.How do you generate those cool graphs? I take the transaction history CSV provided by my exchange and I made a script that parses it and fetches hourly prices and generate data that I can just paste into Excel and make those graphs. Basically I just need the hourly prices and how much ETH i bought to calculate the balance over time to multiply it by the price at each hour. Excel is kinda lame though but it's what I know. I'm hoping to fully automate data fetching and chart generation at some point in the future.So what's this exchange app you're using? It's called Shakepay and it's for Canadians only, sorry. If you're interested DM me for a referal code that'll get us both $10 cash on your first buy over $100 and it'll also let you shake your phone every day for those free satoshis I talked about. I don't want to shill (plus any canadian interested in crypto has probably heard of it anyway) but I'm happy with it, it's a simple app that gets straight to the point of buying crypto. But yeah other than that, basically anything that works with a buy/sell spread and lets you automate buys should be good to do this.

Submitted August 28, 2021 at 07:54PM

What can 1 moon get you in Libya "North Africa"

I live in a country where the cost of living is very cheap buy the economy is shit , the average monthly salary is 150$So I want to share with what could 1 moon get you in here at q price of price 0.3$1 moon = 10 liters of gas "cheaper than water"1 moon = 0.5 liter of water1 moon = 1kg of couscous1 moon = 30kw1 moon = 1kg of rice1 moon = 1kg potatoe1 moon = 1 falafel sandwich3 moons = chicken shawarma1 moon = 1gb 4g internet40 moons can get you a couscous meal for 4 people with 1kg of beef , salad and 4 drinksSo moons are much more powerful that our shit dinar1 dinar = 0.7 moonsIf you wanna know anything else I'm glade to tell

Submitted August 28, 2021 at 07:17PM

Can we stop lying to each other? ETH fee problem cannot be solved easily without more centralization

There's too much misinformation about gas prices and it's unproductive and misleading users giving them false hopes.Everyone can see on their own that gas prices are beyond ridiculous. People are losing serious money on NFTs for failed transactions or paying more in fees than the actual value of transaction. Misinformation is not helpful.Some people were giving hopes that EIP 1559 will fix gas prices but it does not do that. EIP 1559 tried to fix overpayment by making fee estimation easier. It's not a scaling solution or fee reducing solution.There are posts now saying that ETH 2.0 will fix everything. That's once again wrong information. Changing to POS will not solve fees or scalability.Sidechains like Matic can fix fee problem. EVM clones like BSC can fix it. But as you know these are completely centralized solutions.Rollups can fix it. There's two types of rollups. One is zero knowledge rollup and other is optimistic rollup. Rollups execute transactions on separate chain, compress a batch of transactions and post it to main chain.The difference between zero knowledge and optimistic rollups is on how they prove validity of a batch of transactions.Zero knowledge rollups are very computational intensive. Optimistic rollups is based on trust and it can have vulnerabilities if the value of transactions is high enough for bad actor to take advantage.ETH network is already centralized on first layer because of nodes and dapps depending on Infura. Even Metamask depends on Infura. Infura is a third party centralized service.The reality is there is currently no easy fix for gas prices without adding more centralization and security risks. Let's try to be honest about it and stop spreading misinformation.

Submitted August 28, 2021 at 04:20PM

Update in the SEC vs ripple labs case. The SEC is refusing to hand over documents in regards to their internal trading policies. Even after being ordered by the judge….twice.

What you are seeing here is elite corruption at its highest level. The SEC is refusing to hand over internal trading policies in regards to staff and their holdings of securities.Basically the SEC allowed staff to own Xrp up until 2018/2019. They emailed 3rd party investors (you and me) in late 2020 and stated they had not made a determination on Xrp’s security status.Yet they are suing ripple, Brad and Chris for breaking securities laws from……2013. There is a hearing coming up in regards to these documents…..again.The SEC is nothing but a gangster organisation who litigate for fines which is their source of revenue. The Ripple lawsuit has given the public a look behind closed doors to see how utterly corrupt they are.Like Elon said on 60 mins“I have no respect for the SEC”

Submitted August 28, 2021 at 12:41PM

What’s the worst crypto decision you’ve ever made?

I have made several bad trades since 2017. One of the worst trades I’ve ever made was selling 69 BNBs for $30 each and never buying them back. And buying few ETHs for $150 during the crash and selling them for 250.I’m the king of bad trades. I always tell my friends to HODL, DCA, never FOMO and never Day Trade but I never follow these rules myself and it had cost me dearly in the past.So I’d like to know what are the worst trades you’ve done till now and feel slightly better about myself. ¯\_(ツ)_/¯

Submitted August 28, 2021 at 12:43PM

Scammers are now giving you their seed phrase

I just saw a post where the OP posted a seed phrase. He said it was a treasure hunt of some sort. It seemed suspicious so I did some research. I saw this article about rotten seed phrases. It's somewhat different but the same principle is applied.Basically, what the scammer tries to do is trick a user into installing a wallet using a compromised seed phrase that the attacker has access to. Once the rotten seed phrase has been imported, the scammer waits for the user to add funds to their wallet, and then drains the accounts.First of all, if it's not your seed phrase, don't access it. Second, if it's too good to be true, it probably is. Third, be vigilant. Everyone is vulnerable to being scammed.​TLDR: You guys remember when people across the US and some other countries received mysterious seeds, this is exactly like that. Don't use them.

Submitted August 28, 2021 at 12:55PM

The fact that half of everything in crypto space is not user friendly, just proves how early we really are.

I remember when I was kid trying to set up xbox live by myself because my parents didn't know what a router was or anything like that. Most of my friends parents had no idea and we all had to figure it out for ourselves. I did a couple hours of research on ethernet cables, wireless adapaters/cards and routers. Long story short I had to use my own money to buy a router and the wireless adapter for the Xbox (that thing was like $100 AKA mowing my parents lawn 10 times lol) Then a few more hours messing with the settings to actually get it connected to my xbox and change my NAT type to OPEN instead of CLOSED, yadd yadda finalyl after a few days I finally got it connected.Now with the new gen stuff, you just turn it on and type in your password and you're online.Compare that to the crypto space we are in. You have to spend at least a couple hours researching to even begin to understand just one single coin. Many people are too lazy to do this. Many people still think it's a scam. The older people often think it's too difficult and that they are not qualified to be in crypto. Which is fair I'd say right now. It's not difficult, but I could see how you could really fuck up quote easily (which I think almost everyone has done anyway).The fact this isn't user friendly yet, means we are still in the beginning phases my friends. Just sit tight and hold on!

Submitted August 28, 2021 at 11:41AM

Economist Who Said The Internet Would Fail Says Crypto Is For Tax Cheats And Criminals

https://ift.tt/2Wu6EFR

Submitted August 28, 2021 at 07:44AM

Thomas Jefferson: I believe that banking institutions are more dangerous to our liberties than standing armies. The issuing power should be taken from the banks and restored to the people to whom it properly belongs.

https://ift.tt/3ylULyY

Submitted August 28, 2021 at 08:55AM

Throwback to this man begging people to buy at least $1 of Bitcoin back in 2013. $1 of Bitcoin from the date of this video would now be worth $426 after appreciating a very humble 42,508%

https://youtu.be/Cw29h7LhEuE

Submitted August 28, 2021 at 06:11AM

How often do you check prices?

Honestly I check them every day and multiple times throughout the day; morning, breaks, after work, couple times at home. At least 5 times.Most of the time nothin is happening. Only on select days is it really worth watching and even at that, I am a long term holder and my price targets aren’t gonna be hit in a day.I feel like it’s not healthy to be so involved with it. I spend more time reading about crypto than anything else. It’s honestly because I imagine gains to come and like looking for new opportunities. While that’s fine, I don’t do a good job keeping a balance.I read on r/stocks a lot of long term holders check every few months. However stocks and crypto price action are very different. I feel like I’d be out of the loop if I went weeks without checking. But multiple times a day everyday is definitely too much. I am going to start doing once every couple days or so. Maybe once a week. If things heat up I’ll watch it more closely, but these past few months of sideways action are really not worth the high frequency of attention.How often do you check? How often do you think you should check?

Submitted August 28, 2021 at 07:37AM

Crypto analyst who called ethereum's climb to $3,400 reiterates a $10,000 call

https://ift.tt/2Wxc5U9

Submitted August 28, 2021 at 04:35AM

r/cryptocurrency entered top 100 subreddits!

r/cryptocurrency is now in top 100 of the biggest subreddits according to https://ift.tt/2CluwyC. We have left behind such juggernauts as r/iphone, r/xboxone, r/pokemongo, r/malefashionadvice and, last but definitely not least, r/Bitcoin. r/Bitcoin is right behind us and should also enter top 100 soon! Two crypto subs in top 100!There’s no crypto-related sub that is bigger than us and there are only two investment-related subs that are bigger than us I think (r/wallstreetbets and r/personalfinance)In the beginning of the year there were only around 1.2 million subscribers.Our journey continues

Submitted August 28, 2021 at 04:50AM