Sells Walls: You know know what these are and how to spot them.

I've seen a number of people asking on twitter/reddit what sell walls are. I was getting ready to reply, but decided a larger post might be better.​Sell Walls: What are they?In the literal sense, a Sell Wall is exactly what is sounds like: A massive wall of crypto being sold at around the same price. The image here is a very clear sell wall that could potentially be seen looking at the depth chart on an exchange.A sell wall is something whales do either by themselves or in a group to manipulate the price a of a stock/crypto. The whale will put a massive order for a crypto in at a particular price to stop any larger orders from getting through. Their hope is to stop the price from climbing any higher in a hope that it'll actually reduce in price allowing them to get a better entry point and accumulate more.Example:5 rich crypto whales get together. They're very bullish on a particular crypto. Lets use Bit Connect (BIT CONNNNECT) as an example here to avoid any accusations of shilling. These whales love Bit Connect, and they want to buy much more. However, if they all start throwing 10s of millions of dollars into the crypto at market price, the crypto will SKY rocket in price as the buying pressure sends it soaring. So instead, they do this:They each already own some large number, lets say 1 million each. They all decide to sell their crypto at or around the same price, let's say $100. Now, there's an order for five million Bit Connect at $100.Any order that's trying to be sold at a price greater than $100, never gets sold/liquidated. Everyone buying gets in at $100 instead.Anyone who wants to sell now *has* to sell at $100 or less, or there's no guarantee there's will sell.Now that a bunch of people who would have sold Bit Connect at greater than $100 are reducing their sell price. If the sell wall is big enough, this downward selling pressure causes the crypto to decrease in price.The whales can now start buying Bit Connect in at a lower price allowing them to accumulate much more without having to worry about the price sky rocketing.What can you do with this info?Unfortunately, there's nothing you can do to stop whales from making plays like this. All you can do is learn to recognize these plays and use them as a tool to make better decisions yourself. How? If you see a sell wall, it could be a great indicator of bullish behavior hiding behind a seemingly stagnant crypto. I'm by no means saying you should go out and invest because of this (whales are wrong too), but it's an extra factor that's definitely worth noting.It's also worth noting that sell walls are particularly effective on smaller cryptos that have less volume. The bigger the crypto, the more money is necessary to create a real sell wall. Things in the top 5 are very unlikely to be easily manipulated this way.

Submitted December 01, 2021 at 10:34AM

$6.5m raised by 12 VC’s, for new DeFi project advised by the Managing Director of ChainLink

https://ift.tt/3E8V7wA

Submitted December 01, 2021 at 11:52AM

I quit my job today.

After investing in Crypto since the beginning of the year I have come to a point in my life where I need to channel my focus on myself and improving my life. After working continuous for the last 17 years or so, Crypto has afforded me a source of income that will allow me to accomplish goals in my life that I may have otherwise taken much longer to afford. I have by no means made "millions" of dollars. Not even $100,000. There is no Lambo in my driveway and won't be anytime soon. What I have gotten from Crypto is a break from the "norm". The opportunity to be in control of my own assets and utilize them to pursue my dreams and passions. I hope more people will share stories similar to mine in the near future. We are in this together.

Submitted December 01, 2021 at 12:16PM

For The First Time EVER - The Nation With The Most Bitcoin Mining Power Is The UNITED STATES!

https://ift.tt/3EbXGho

Submitted December 01, 2021 at 07:21AM

I'm a small time miner that takes every 4th ETH payout and swaps it for something else. Did the math today, and my portfolio would be nearly 23% higher if I just left it in ETH.

I get very small payouts, I'm basically using spare cards I have to mine and my 3070 when I'm at work or asleep. I don't make a lot, but they past year has done me well. I get a payout about once every 4 days and every 4th payout I swap for something I'm interested in, I've been doing this for the past 2 - 3 months.I did the math today and if I didn't swap any of my ETH payouts my portfolio would be just shy of 23% higher. It really just goes to show that ETH and BTC are always going to be some of the best for long term holds.

Submitted December 01, 2021 at 09:36AM

Breaking down 'too good to be true' Defi rates – where's the money from, is it sustainable, and what's the catch?

Money doesn't just grow on trees blockchains, not even magic internet money. And yet some defi applications are offering astronomical rates. For this post, I'll break down three common types of protocols and answer the following questions: where's the money from? Is it sustainable? And what's the catch?Lending and BorrowingExamples; Aave, Anchor, Geist, SolendTypical rates: Less than 10% netWhere's the money from? Similar to a bank, users deposit money into the protocol, which is then used by borrowers. To borrow money, users have to pay an interest rate and also deposit collateral into the protocol. The main source of revenue is sourced from the interest borrowers have to pay. Some protocols also stake the collateral that users deposit and earn extra income from that.Is it sustainable? Most lending rates aren't actually that high (2% to 20%) since they are usually balanced out by the borrowing rates at an equivalent rate. So the main question here is, why are people lending/borrowing?Beyond earning deposit fees, people lend because the majority of defi requires users to hold assets that they would otherwise not want to hold. If a user wanted to use defi while holding the assets that they prefer to hold like BTC and ETH, they would deposit their assets as collateral and borrow against it.People borrow because they can earn a yield higher than the rate they're paying to borrow. You could for example, borrow a stablecoin at a 10% borrow rate and then deposit the borrowed funds into a stablecoin liquidity pool that earns you 20%. You keep the extra 10%.What's the catch? If you're not borrowing, the rates are oftentimes very low and you're likely better off staking an asset than lending or even using Cefi. For example, the largest lending/borrowing dapps are Aave, Compound, or Cream and they only offer <3% for ETH whereas ETH Cefi rates are ~6%.If you are borrowing, there's no bank to hold your hand and no bailouts. If your collateral falls below a certain amount, the protocols deems you ineligible to pay off your loan and you get liquidated. This can happen if the market falls and you're not watching your funds. However, there are protocols that now allow for liquidity-free lending/borrow.Liquidity Pools (LPs)Examples: Uniswap, Curve, Serum, Raydium, TraderJoe, SpookySwap, QuickswapTypical rates: 20% to 40% net (for stablecoins, BTC, and ETH)Where's the money from? When you use decentralize exchanges (dexes), there are liquidity provider fees that typically charge 0.25% of trades. The trading fee is the main source of income for LPs.Is it sustainable? At its current state, most LPs are not sustainable. While the demand for LPs like ETH-DAI is pretty straightforward, demand for LPs with, sometimes obscure, protocol or farm tokens are not as clear. Oftentimes, they rely on circular dependencies, ie finance for the sake of finance.As an example, let's take a look at how degen yield farming typically happens:Protocols offer a 1,000% rate for FARM-DAI LP providersHigher rates mean higher inflation, which means the value of the FARM token tend to decreaseBut the high rate creates demand for the FARM token as users have to buy FARM to join the LPThe high demand pumps the price of the FARM token and offsets the high inflationBut as the LP participants grow, the rates decreaseLower rates cause lower demand, which means prices are no longer getting pumpedAt some point, the farm reaches a stage where both prices and rates are going downAnd when that happens, degens who are merely looking for quick money, tend to leaveMore and more people leaving and selling the token causes the price to dropFor most farms, specifically "degen farms", prices spike early making the LP seem more profitable than it actually is and then high inflation does its thing to prices slowly but surely fall. Most users enter and leave farms within 3 days to capture the parabolic price action and high rewards.Protocols can avoid this by providing a legitimate use case for the FARM token beyond just earning a high yield. For pure LP protocols, the use cases are typically governance, which is not very appealing for retail who couldn't care any less about how some protocols are governed.What's the catch? Even if the LP rates are very high, a drastic enough drop in price can offset the gains earned from the reward rate. This is especially true for users who were late and were not able to accumulate the rewards. This is why it's often recommended to look into the price action and avoid making decisions based off of rates alone.LPs, specifically low liquidity ones, are also especially vulnerable to whales who can often cause spikes–both in the upside, when buying, and the downside, when selling. And large spikes can cause a domino effect of mass selling and whoever is left holding the bag gets rekt.Beyond this, impermanent loss (IP) is the most obvious catch. Participating in LPs typically requires you to split your assets meaning you may be exposed to undesired price action. But there are several ways to avoid or mitigate IP such as participating in stablecoin LPs or LPs with relatively low volatility, ie BTC or ETH. In addition, there's a lot of work going into new protocols to limit the impact of impermanent loss.Reserve CurrenciesExamples: Olympus DAO, Wonderland, KlimaDAOTypical rates: 6,000% to 8,000% (current)Where's the money from? Reserve currencies are brought at a premium that's worth several magnitudes (8-10x) more than the intrinsic value of the token. New tokens are minted at an extremely high rate and then distributed as a reward to stakers. A combination of selling at a high premium and minting at a high rate leads to the high APYs.But, similar to how LPs work, high distribution –> high inflation –> lower prices. At the same time, high rates –> high participation –> lower rates. The expectation is for both rewards to slowly decrease to a target rate of 1,000%. The goal is to accumulate long-term participants because long time horizons would ensure that staking rewards eventually offsets price action.Is it sustainable? Under the hood, the economics are designed similar to LPs. But LPs are often subject to the notion of finance for the sake of finance because the only product is often the high yields offered. Reserve currencies have a secondary revenue generating product: bonds, which are means for protocols to accumulate their own liquidity. So the question to be asked here is why is there a demand for bonds?Bonds allow for protocol-owned liquidity, seeking to address the aforementioned issues that often make LPs unsustainable. Instead of protocols renting liquidity to mercenary users who come and go looking for the highest yields, bonding allows protocols to own their own liquidity and provide a sense of stability. This reduces the need for protocols to constantly offer unsustainably high rates in order to incentivize users to participate in their LP. In addition, it allows protocols to earn their own LP fees, which can give them another source of revenue.What's the catch? LP protocols actually incur some costs in exchange for partnering with the bonding program of a reserve currency protocol. And while reserve protocols offer users with more incentives to become long-term participants, they can still always exit and sell the LPs. This may the case during volatile swings.On the user end, buying bonds usually isn't worth it primarily because reserve protocols typically requires users to wait a certain interval (3-7 days, etc.) while holding the LPs. This presents some risks because the LPs can drop in value and, thus, offset the discounts. Additionally, if users buy the reserve currency token directly, they can immediately maximize the staking yields, which are also often higher than the discounts.Overall, the long-term utility of the reserve protocol hinges on the demand for bonds. Most reserve currencies are still very new so only time will tell moving forward. Beyond questioning the bonds, reserve currencies are still vulnerable to bank runs, however these risks are designed to be mitigated with how the protocol works.​I know this was a long post so kudos to anyone who managed to read all throughout. These are not the only types of protocols available in defi, there are tons more that are either stark variations or completely unique. I hope you all learned something!

Submitted December 01, 2021 at 08:39AM

Crypto.com named official partner of South American Football Confederation. Crypto.com found that 40% of South Americans said they are interested in buying cryptos.

https://ift.tt/3G5IdQx

Submitted December 01, 2021 at 02:47AM

Daily Discussion - December 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 December 01, 2021 at 07:00AM

In the last 24 hours, $102 Million in ETH contracts alone were liquidated as it continues to pump up roughly 7% on the day

It's actually been a very interesting day in the crypto markets because BTC has stayed almost equal percentage wise, trading at roughly the high 57k level which usually pulls the market with it.But the market is all over the place with some coins like Zcash down - 10% while Monero, IOTA, and Litecoin are all roughly trading between 3-5% higher, memecoins doing weird shit too with DOGE trading sideways and SHIB is up 9% after a large downward trend.It's hard to say if the ETH 2.0 upgrade is already priced in (I would assume so) but the markets are looking like a crappy heart monitor with the insane amounts of huge cliffs down and rises upward. Really makes you wonder if there's a significant fight happening between institutions and whales pushing to pull the market up or down.P. S. - Don't short crypto 👍

Submitted December 01, 2021 at 02:58AM

How to become a millionaire you may ask? Doing the exact opposite of what this sub says is a good start!

I've been doing this strategy for a few months now and so far and man...it's working like a swiss watch.Remember the hard ADA shill when it was closing on $3? Mega shills all around, ADA is best, ADA is life, buy before it goes to $5. Then it was LINK mega shill when it reached 30$. Link linking everything together and stuff like that. I still believe in LINK but with way less bullishness.Then VET, the beloved unofficial coin of this sub. It moved but mostly to the right. Or LTO which has been nose diving for a while. ERGO too. All these are super popular here and one mention against them can send you to downvote hell in a few moments.If you think fanboyism is real in gaming subs, prepare to witness the knowledge of r/ccSeriously, I started working exactly the opposite as the sub is saying. Shilling LTO, SELL. Shilling ADA, SELL. FUD on Solana? Buy as much as possible at $60. FUD on LRC at 1$? Buy buy buy.Take this sub with a big pinch of salt when you come looking for advice. It's a big circlejerk and an echochamber where you really need to filter the comments out a lot in order to find good advice.

Submitted December 01, 2021 at 04:39AM

Countries banning crypto won't stop crypto in the same way countries banning the internet won't stop the internet. It will just give that country's citizens disadvantages.

That's really all there is to it. The crypto cat is already out of the bag. Most governments are already coming to grips with this and leaning towards regulation because they know how it ends. Then there are authoritarian regimes who will let crypto pass their citizens by and try to control it centrally. Enter CBDC and the like.These CBDC will interact with all the blockchains that the free world gets to enjoy because they have to to partake in a global economy. CBDC won't stop crypto just enslave citizens of various countries to their central powers while decentralized currencies become mainstream.Ban all you want. Prohibition only last so long. The war on cryptocurrency will end the same way the war on drugs played out. Drugs won.TLDR: the title

Submitted November 30, 2021 at 11:11PM

After losing $8,000 in an altcoin scam, one man started a group that hunts down crypto frauds

https://ift.tt/3EfQIIk

Submitted November 30, 2021 at 11:22PM

It's been a wild trip these past 5 years, but I'm ready to move on

I'm tired of owning an asset that I'm constantly worried will crash, is bad for the environment, could be stolen or at any time or even lost forever if not properly secured, where the network it uses slows to a crawl with even light usage, especially during peak hours when I most need it, will most likely depreciate over time as technology gets better every year, and that I rarely use, especially in a big city where usage is becoming increasingly difficult each year because of regulating authoritiesAUDI A3 Sportback 1.4 TFSI e-tron S from 2016, Hybrid, 52000 km, leather interior, top speed 222 km/h, 204hp, dark grey,  price 0.48 BTC if anyone is interested.

Submitted November 30, 2021 at 05:32PM

Now I am confident that the Binance and Coinbase are running a paid campaign on Reddit to depreciate CRO to newbies,

Here is the post on the sub, about why the OP is worrying about CRO, giving his/her reason of why CRO is making paid posts using 9 year old accounts.https://ift.tt/3I8OiNZ when you look at the OP's post history, it's an 10 months old account with history of posting only in CC, lots of posts, lots of comments. This post on CRO came out after 6 days from previous hate on CROPretty confident that it's a paid post just to influence the newbies on the sub. The last time it posted in CC was about India and how CRO is cheating on people...Quite strange! For a Crypto enthusiasts to have this much of history about hating crypto and exchanges...Strategy seems simple, Buy or pay new reddit account holders to criticize CRO to newbies on CC.Be advised, whenever you see a posts like these take a look at OP's post history that might help you to have the other side of the story.Edit : Binance and Coinbase guys, downvote me as much as you like. You guys are just proving my point with all the downvotes. Thanks.

Submitted November 30, 2021 at 07:18PM

Eth network fee's ruin the "give it a try" mentality

Short story here, and maybe someone can advise if there is any work around.I have some Dodo. Not much around 150 tokens. I saw it as a nice platform offering versatility to create your own tokens and exchange etc. Not only that but on Binance the staking amount seemed pretty generous.Turns out if you turn your Dodo into vDodo you can earn even better return. But this can only be done on the Dodo platform.So away i go, transfer my 150 tokens from Binance to my trust wallet (at the cost of 24 tokens) its a hit, but its all part of the experience.Now my coins are in my trust wallet, but there is now a staking fee of nearly $40.Which means my "give it a go trial investment to stake some coins" would cost me nearly $80Now im all fine dumping $80 into something if its returned in some form. But there is no way i can get that sort of capital return back on my 150 (now 126 token) portfolio.For now my Dodo is sitting in my Trust wallet....the cost to return the coins is too high, and the cost to stake is too high.Puts a whole new spin on the phrase "Lost to the Eth'er'"

Submitted November 30, 2021 at 02:56PM

Holding crypto now feels like holding Amazon or Google stock in the early internet days.

Remember when Amazon was worth nothing? Then it went up, and then on multiple occasions, it burned all the way down scaring everyone? Or how about when Google was so cheap that no one cared?The internet boom is gone and that opportunity will never come back. But with all this FUD and pandemic-related news downturns, we have to step back and remember we’re living through probably once in a generation, if not once in a lifetime, financial opportunity.Money as we know it is being redefined. In the near future, crypto will be a more commonly accepted currency, if it doesn’t completely replace fiat. Ironically, governments will adopt crypto (even though it will kill off their fiat), but they will adopt stable coins since it’s easier to track your purchases and gather data from you when in the future you make purchases with a stable coin.The coins you invest in now can result in your early retirement. But it may not be a 2-5 year hold, it may be a 10+ year hold to see life changing gains.

Submitted November 30, 2021 at 02:49PM

If someone is really making millions trading crypto, they keep doing it, they don't try to "sell" you how they do it . They do as much as possible to keep that a secret.

I'm sick of Instagram and Tiktok influencers selling courses and shilling their coins. There are some really good youtubers who can help you with your research but I have problem with the ones who flex their fake trading accounts , showing how they turned $1k into $1m in a couple of months and they will "teach" you how to do it , if you buy their course. If you know how to make a million dollars in a couple of months , why bother selling courses , why not do it again.Then there are influencers who do not sell their course but keep shilling the most degenerate coins , that is probably gonna crash (looking at you logan paul). Tiktok is literally filled with this. These influencer use their fans as money making machines .Most of those courses are about $100, why do you need to sell a $100 course if you can turn $1k to $1m. All of them are frauds. The sad part is most of them are gonna earn a lot of money selling their course by showing their fake portfolio.

Submitted November 30, 2021 at 03:20PM

Robinhood stock closes at a record low, now down almost 70% since August. This follows a bearish analyst call, a security breach, and plummeting app downloads and crypto trading revenue, all over the course of the past month.

https://ift.tt/3E2QYdo

Submitted November 30, 2021 at 12:44PM

How to get free crypto?

I'm a student in a shitty third world country. The pay here is around $100 a month, and on top of that as a student it's impossible to find a job. Before my college started, I worked for about 2 months and got $250. I have decided to invest that into crypto.Now I'm looking for a way to earn more money, so that I can invest more. I looked at some old posts and most of the comments said that the best and efficient way is by being active on this subreddit. I've heard that guys here earn hundreds of dollars a month just by posting and commenting on this subreddit. That would be better than getting a job for me. I want your advice guys. How do I do it?And I'm pretty sure there are people who are in a similar situation as I am in. I want to hear from you guys about your experience with this.

Submitted November 30, 2021 at 10:17AM

We often hear crazy stories about someone who bought early and struck it big - well, how about a horror story?

In late November 2017, I had about $45,000 in my bank account that I'd spent the last 5 years saving. Figured it was time to start thinking about investing it. So what did I do with it? You guessed it, I decided to go all-in on crypto.So I gradually transferred it onto an exchange over the course of about a week, dealing with frustrating daily deposit limits while I watched BTC soar quickly past $8000, $9000, $10,000. I'd open Reddit and see "it's over 9000!" memes all over the place. After spending approximately 10 minutes thinking about it, I decided on a portfolio consisting of 2/3 Bitcoin and 1/3 Litecoin. Took the advice I saw on various crypto subs and bought a hardware wallet. Things were looking good.Of course, I fell into one of those most common pitfalls that newbies experience in this market and got extremely impatient. I watched BTC climb steadily over the following few days, but LTC wasn't doing anything. So I decided "welp, Litecoin clearly isn't going anywhere" and traded it all for BTC. I woke up the next morning and Litecoin was up something like 60%... it then proceeded to go approximately 4-5x over the following week. Oops.Frustrated that I missed the LTC pump, I became desparate and began chasing other pumps. "Oh, something called Swarm City Token is up 80% today? Better buy, maybe the momentum will continue!"In the end, I got weirdly attached to Vertcoin and became persuaded by a bunch of Vertcoin believers, while failing to account for the fact that it had already seen massive pumps and was up more than 200x that year alone. I watched almost everything else moon around me throughout December and frequently traded, but only ever with the intention of increasing my Vertcoin stack. I figured it was "due for a pump" that never really came.I watched Raiblocks (Nano) and TRX do a 100x in a single month, with so many other coins going 10x or more, but I remained faithful to my Vertcoin. Once we reached New Years 2018 I opened the Vertcoin subreddit and saw that someone had made a post pointing something out: Vertcoin was the only coin in the top 100 to not end up in the green over the course of December 2017, the greatest opportunity in crypto history.Well, as we know, January continued on and at first things got pretty crazy... but then they got very ugly. While my $45k had initially climbed to a peak of just over $80k, mostly thanks to BTC in early December, things were rapidly declining and before I knew it I was well below my initial investment. Eventually in the last week of January 2018, with less than half of my money remaining, I decided "that's it, I'm done chasing coins that have already pumped, I'm going to get in early on an actual good project with real world potential this time".I found out about this new token that had just launched that week called Origintrail (TRAC) and saw people talking about its crazy potential, a team which had been chugging away working on the project for years already, etc. So I became convinced and decided to go all-in on TRAC at $0.25.At first I saw a quick spike which validated my decision, but things in the market were pretty unstable and little did I know at the time, the bear market was just beginning. My holdings declined past my buy-in point, but after a massive drop, the market seemed to be showing signs of recovery. I watched TRAC drop to approximately 15c and recover to 20c, and after reading more about the project, I decided "this might be the greatest financial opportunity of my lifetime". Now before crypto I'd never been one to take financial risks, so the whole thing was weirdly uncharacteristic of me, but it was at this point in February 2018 that I took out my first of two $20,000 loans, which I then put in to TRAC at $0.20.Thus began the slow and painful decline of 2018. So many hopeful almost-recoveries and "BTC finally broke out of the downtrend!", only to watch the market turn straight back down shortly after and take all alts with it. I watched my holdings bleed out more and more until TRAC had reached 5c, an 80% decline from my initial buy-in point and -75% from when I took out the loan. So in August 2018 I decided to double down and took out my second $20,000 loan.Seeing how much TRAC had declined, I thought about buying something else with this $20k. I saw Chainlink which was trading for 25c at the time and almost decided to buy it, but I saw some FUD about it on Reddit and it had a bit of a reputation of being a 4chan meme coin, so I decided against it and instead put the second $20k into TRAC at 5c.But the decline didn't end there. The market kept dropping. Eventually in late November 2018, it reached the point where TRAC had declined a further 60% from my last buy-in point and I was now something like 90% down in total. My total $95k investment including all that loan money was only worth a little less than $9k. So at this point I decided "I'm already so far down, might as well make some risky plays to get a head start in the next bull market", got out my ledger, swapped the 450,000 TRAC I had at the time for BTC and decided to open a series of leveraged BTC longs on Bitmex.I thought the bottom was in when BTC was trading for about $4400-4200 at the time. It wasn't. Over the course of a few days, I got liquidated over and over again until I eventually lost it all.And that, my friends, is how I ended up committed to spending the next 2 years losing half my salary to loan repayments, with nothing to show for it. The worst part? The loan repayments also prevented me from being able to DCA in much during 2018-2019, which I otherwise fully intended to do.How's that for a horror story?

Submitted November 30, 2021 at 10:58AM

Now I am confident that the CRO is running a paid campaign on Reddit to shill CRO to newbies,

Here is the post on the sub, about why the OP is bullish on CRO, giving his/her reason of why CRO has edge over other Cryptos.https://ift.tt/31ah1Rl when you look at the OP's post history, it's an 9yrs old account with no history of posting in CC or any other Crypto sub,no comments, no posts.This post on CRO came out after yearPretty confident that it's a paid post just to influence the newbies on the sub. The last time the account was active was an year ago.Quite strange! For a Crypto enthusiasts to have no history of posting in any crypto related sub.,then suddenly the post comes on Crypto.Strategy seems simple, Buy or pay old reddit account holders to shill CRO to newbies on CC.Be advised, whenever you see a posts like these take a look at OP's post history that might help you to have the other side of the story.Edit : CRO guys, downvote me as much as you like. You guys are just proving my point with all the downvotes. Thanks.

Submitted November 30, 2021 at 09:46AM

Join us for a Talk with JP Richardson, Co-Founder and CEO of Exodus! December 3rd, 3PM ET / 9PM CET

Staff from Exodus here!We're pleased to announce that our Co-Founder and CEO, JP Richardson, will participate in r/CryptoCurrency's next Reddit Talk on Friday, December 3rd, at 3 PM EST!Many of you already use us or at least recognize who we are. Exodus is a leading non-custodial cryptocurrency platform on desktop and mobile that many users use to store, manage and exchange over 150 cryptocurrencies. Our goal is to remove the geek requirement and make it fun and easy to learn and use cryptocurrency. No technical talk. No confusing steps. Just a smooth and accessible gateway to the Cryptosphere.What will the Talk be about?As covered in our Q3 2021 Earnings Call, 2021 has been a very exciting time for Exodus. Just in the last couple of months, our team has released support for the Polygon mainnet, Algorand Governance, and Solana NFTs, as well as integration with SportX and FTX Exchange. The horizon is looking bright, with support for BTC Lightning, more NFT networks, integration of Magic Eden’s NFT marketplace, and more on the way! Our goal is to turn Exodus into the go-to hub for all things crypto, from simple hodling and exchanging to dApps, DeFi, and NFT gaming, by the end of 2022.JP will be talking about how Exodus has been doing in 2021, how it will evolve in 2022, and his takes on crypto, NFTs, and where it’s all headed in the future. He will also be taking your questions from this thread!How can you participate in the live Reddit Talk?To participate in the Reddit Talk, you need to have the latest version of the official Reddit Mobile App installed on your mobile device. Reddit Talk does not support desktop or third party Reddit applications (yet). You can now listen in through your desktop!You'll see this Reddit Talk in the r/CryptoCurrency feed as soon as it goes live, and the link to the Talk will also be posted on this sub as soon as the Talk is live! You can open the link on mobile and it should open the Talk on the Reddit app!JP would like to answer all of your burning questions. Many thanks to the mods r/CryptoCurrency for giving us this opportunity. We hope to see you there!

Submitted November 30, 2021 at 05:00AM

Don’t just invest in crypto. You should also invest in yourself.

I’ve recently seen a few posts where people are saying that crypto is the “only way” out of their “dead end” or “low paying” job. What they’re describing is a lottery ticket. Crypto has the potential to change lives, but it’s still ultimately a gamble. A “bet” on yourself will almost always pay off, by comparison, and the easiest way to do that is to “DCA into yourself.”Spend some money (or your crypto gains) on finishing that degree or try some trade school classes. If you don’t have money, spend some time today reading about something new or trying a new hobby/skill. If you learn a few new skills, and then keep at it, then before you know it they’ve piled up and you can leave that dead-end job or you can request higher pay.Even if you spend a couple thousand dollars on a new skill, it’ll pay back tens of thousands of dollars as you get better at it… if not hundreds of thousands. The ROI on that is insane!YOU should be the investment in your life with the best returns, NOT CRYPTO. Keep your head up and don’t stop DCA’ing into yourself.Edit to add: “invest in yourself even if you’re a shitcoin. Sometimes a shitcoin can pay out.”

Submitted November 30, 2021 at 07:32AM

It's OK to be into Crypto for the tech. It's OK to be into Crypto for money to buy a house, a lambo or pay your debts. It's not OK for either group to shit on the other.

I keep seeing posts like "Well I'M into Crypto for the tech" or "Yeah, well, I'm into it for the money babyyyyy" every other day and there's always some entitlement that comes with the claim. It's fine either way, you do you, no need to act like you are enlightened for your choices. Either way, more people are getting into this community, which is what all of us should strive for (mass adoption and all). Gatekeeping won't do us any favors, be nice to newbies and unite as a community against the real enemies and be glad to be a part of something amazing so early (which we still are). Cheers!

Submitted November 30, 2021 at 07:03AM

Bitcoin could be exempt from capital gains tax in the UK because it is now legal tender in El Salvador.

https://ift.tt/3E6BTrk

Submitted November 30, 2021 at 04:03AM

Daily Discussion - November 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 November 30, 2021 at 07:00AM

Did i somehow get scammed??? Can anyone explain what this was all about?

So this weekend I finally went out partying with my friends after a prolonged break (yes I am double vaccinated and getting my booster next month). Anyway, we went into a local club in which I had been multiple times before. After a couple hours and glasses of wine this group of well-dressed men (think of the American Psycho business guys) invited us to their table after hearing us talk about crypto. Now I am not an expert on the subject by any means, and neither are my friends, we were just discussing the most recent news about ADA, XRP, DOGE and SHIB. These men, however, were very intrigued to hear about our opinions on the matter and what we thought were good investments. They seemed very well off, buying us drinks like it was nothing and promising to give us all multiple bitcoins as long as we kept drinking with them, which I took as a joke (obviously).After drinking with these men in suits for a while, having held a long break from alcohol consumption, I blacked out. The next morning I laid on my bed in an abysmal hangover for what must have been like three hours, trying to recollect my memories from the night before. Once I got up and walked into my kitchen I saw a polaroid picture on the table, right next to my keys and wallet. It depicted a person in a freaky Sonic the Hedgehog costume wearing a Harry Potter school uniform. He also had a Barack Obama mask on top of the Sonic head and some freaky brownish thing coming out the back, a tail I suppose. I had absolutely no recollection of ever having possession of this polaroid picture and I had never seen that weird image before. I turned it around and on the back it just said “Check your Metamask wallet sir”. I didn’t have a Metamask wallet (I only use Coinbase and Binance), but upon checking my phone I found a Metamask App.I opened the app and it says I own 100 000 000 000 “BITCOIN”. Well, I figured there is no way they are the actual, real bitcoins. After googling how the app works, I went ahead and checked the coin contract on a site called bscscan.com. The real name of the “BITCOIN” is fucking HarryPotterObamaSonic10Inu. Harry. Potter. Obama. Sonic. 10. Inu. What the fuck is this? Who the fuck gives people (God knows if I myself paid for this shit) “bitcoins” that in reality are some abomination of a shitcoin? Is this even legal? Does anyone here know how I can get rid of these “bitcoins”? Do they even have value??? Picture on my post is the polaroid I found on my table.https://ift.tt/3I4ARhV

Submitted November 30, 2021 at 05:54AM

The Metaverse

Am I just getting old or does this metaverse thing sound like the most ridiculous thing you've ever heard of?Why would anyone want to spend they're time in a virtual world, with virtual concerts, and be someone your really not?I dont know I really hope there aren't people that spend all their time on this kind of stuff because there is a whole real world out here...Enlighten me on the benefits of this metaverse.I only write this because of the price surge in these coins points to an extremely large increase in users and I just can't wrap my head around how this Metaverse makes any sense to society.If your having a hard time in the real world, things will get better.

Submitted November 30, 2021 at 04:03AM

Crypto is bettering my life and I haven't taken a single gain I've made.

I am a crypto newb but I'm amazed by the potential even stable coins have, I'm also a new father and really want a better future for my son. That said I used to drink alot and eat alot of takeaways etc, always semi skint and feeling like I'll never get anywhere financially. I now quietly siphon that spare booze money that ive been wasting for over 10 years (better learnt late then never!) Into a crypto wallet.... My mental health is improving , I've lost abit of weight. I feel much more positive about the future. This is my first post I've been lurking but thanks for the info and the community.

Submitted November 30, 2021 at 03:13AM

I'm not selling anything for 2 years, starting.... TODAY. There is just too much potential.

For now on, I'm only buying. Buying promising coins using DCA or those very promising coins during bear markets.This industry is full of so many promising projects, but they are all just babies. Even Ethereum is a baby, exemplified by its utter unusability even for basic crypto promises (eg. $46 mining fees to move $200 in crypto). Also, bitcoin is going to hit $1 million eventually - guaranteed. People compare bitcoin to the market cap for gold (~$10 trillion), but what's so special about gold? Gold sucks, bitcoin is the future - especially with 21 million max coins, increasing utility, and mass adoption.In general, this industry hasn't even gotten started. It's like the internet in 1992 or maybe 2002 - but bigger. Apple, Tesla, Amazon - those aren't even relevant comparisons for where we're heading.... The GDP of the US is $21 trillion; China is $15 trillion; Japan is $5 trillion; the UK is $3 trillion. Crypto will be a significant portion of the world economy - bigger than entire countries - especially 5, 10, and 20 years from now.My plan for the next 2 years is to diversify big time, then reassess. Diversify between defi, gaming, non-ethereum layer 1, Bitcoin, Ethereum. I'm expecting some of them to plunge, but I think at least 5 of them that I choose will 50-100X in the next 2 years.Gotta keep an open mind, not act on impulse, and never invest more than I can afford to lose.

Submitted November 30, 2021 at 02:34AM

Algorand will be the first blockchain to provide post-quantum security. It will be done via state-proofs that will be released in early 2022.

Decipher, Algorand's major conference, is currently underway. There, Gary Malouf, Head of Engineering at Algorand, and Rotem Hemo, Director of Product Management at Algorand, just announced that state proofs will come to Algorand in early 2022. With stateproofs, Algorand will be the first blockchain provide a post-quantum security solution. On the roadmap are post-quantum secure catchup (integrating state proofs in to the catch-up process), zk-SNARK proofs (efficient and cheap verification of state proofs) and light clients (tools to help entities use state proofs). So your transactions will live forever on the blockchain.​Other exciting news in my opinion were:Francis Suarez, 43rd Mayor of Miami, has agreed to receive every other paycheck in AlgoHivemind, a $1.5 billion venture to institutionalize crypto investing, has selected Algorand as a strategic partnerMoreover, bank-issued stablecoins ("Digital Deposit Receipts") will come to Algorand and Ethereum. VCAD was minted yesterday on the Algorand mainnet. US Dollar version will follow.AXA XL, the U.S. subsidiary of AXA S.A., the world's third-largest insurer, is working with Algorand on an art insurance platform (money for your art)One of the world's leading manufacturers/retailers will introduce a first-of-its-kind Buy Now, Pay Later platform on Algorand1&1 is working on a digital-asset exchange and commerce engine that will create fungibility across cryptocurrencies, loyalty points, rewards, and fiat currencies

Submitted November 30, 2021 at 01:12AM

If you got a free Lambo, would you sell it for Crypto?

Everyone talks about the alleged Lambo goal for their crypto earnings, but what would you do in the reverse situation if someone gave you a Lambo for free? Would you turn it into Crypto? Or would you give up on Crypto since you met your goal?Personally, I would trade the Lambo in because a Lambo is only as good as the roads you drive it on, and where I’m going I don’t need roads.What’s the point in having a Lambo if you can only drive 35 with it and it’s going to get hit by a 🛒 in the Walmart parking lot?TL;DR if you won or were gifted a Lambo, would you trade it in for crypto, or exit all your crypto positions since your goal is fulfilled?

Submitted November 30, 2021 at 02:22AM

BTC is almost up 10% in last 24 hours. If you panic sold at -23% pullback yesterday thinking it’s a “Bear Market” then you still don’t understand crypto market.

BTC crashed -55% in May 2021 still made All time high with in only 6 months.BTC had a pullback of -25% in September 2021 still made all time high in a month.Yesterday BTC had a pullback of -23% and we are going to make another all time high. high on hopiumAll these pullbacks are always healthy for a long run the whales will shake you out and then take the rally up without you.Even we had a bigger pullback yesterday we still would have maintained a bull market like in May 2021. Extreme fear brings opportunities. Buy if you got the funds just like Michael Saylor and El Salvador did.Don’t believe those Journalists who call it a bear market on a 20% drop. When there’s a bear market you will see it, ALTs don’t make ATH during a bear market they actually drop 70-80%.Edit: I meant to say BTC had a -23% pullback until yesterday

Submitted November 30, 2021 at 01:44AM

Lets be honest, most of us don't really understand how cryptocurrency works. And barely any of us know "exactly" how it functions.

These past months I've been researching how blockchains work and every day I learn something new and realize more how little I know how everything really works.I mean sure, most of us know the basics:BTC is a store of valueETH has a shit ton of use cases and a massive ecosystemDeFi is the futurePutting money in crypto long term is better than let my money rot away in a savings accountStaking is good long termBut how many of us really know the IT side of how the blockchain works.I bet lots of us have questions like:¿Why am I earning APY for staking? ¿How the fuck does a validator node validate? ¿How is a block created? ¿Why are blockchains so secure and hard to hack? ¿How do you REALLY know something is decentralized?I'll be honest, I don't fully understand any of these concepts.Many of these things I don't know because of lack of research and I ain't the brightest fella of the block.TL;DR : Am I the only one that finds how blockchains truly work hard to understand? Or am I not alone?

Submitted November 30, 2021 at 12:37AM

The People who now Laugh at Michael Saylor for Buying $400M Worth of Bitcoin at $57,000 are the same People who made Fun of him for Buying at $37,000

Michael Saylor just bought $400M worth of Bitcoin (7,000 BTC), and some people on social media are already claiming that this would be a bad moveJust as a reminder, these replies appeared when he bought at $37,000:"That's pretty bearish that you already bought all that Bitcoin and the price kept dropping anyway.""how to lose 6.5 million in a day....""This guy sucks at buying lmao""37? HAHAHAH if you waited a day you could’ve gotten it 5k cheaper""Lol wtf you bought at 37k and now we at 32k how it's possible R u kidding me or market omg""Have fun losing all your money"Exactly the same people are now complaining about him buying at $57,000

Submitted November 29, 2021 at 10:15PM

Keeping track of all of your trades... how the hell do you do it?! Any tips would be appreciated, and I'm sure other noobies would love it too!

I'm at the point in my crypto journey where I have made thousands of trades, and I worry that I'm going to eventually lose track of it the deeper into the rabbit hole I go. With tax time still quite a while away, I want to start putting a bit more effort into tracking my dates of purchase, buy prices, sell prices, staking rewards and whatever else is probably important I haven't thought of.As I use multiple exchanges, it can be difficult to check how much my average buy price is on a coin, or how much I'm down or up in total. I know it will be a lot of work to go back over the last few months and I'm willing to put the work in over a few weekends. Once that's done, all I'd need to do is log each trade as I make them - and ultimately this will help me come tax time.A few replies have suggested Excel, which I understand is the common method, but I am dreadful at using Excel, and I was wondering if perhaps there was a generic spreadsheet you can find online or someone could make their template available to help not only me, but I'm sure many other users.What tools do you use on the day to day to keep track of your folio?Edit: https://ift.tt/3Cnmlhu seems to be a commonly used and more importantly a free tool we can use to track everything in one place and rather simply too. Make sure you make an account first! Looks like I have my work cut out for me this weekend coming!Edit2: An overwhelming number of responses, thank you everyone who replied. It's good to see so many people are proactive in keeping track of these things... I just wish I started sooner!

Submitted November 29, 2021 at 07:51PM

I had made a post few days ago asking users where they get their crypto information from. This is the compilation of the responses i got.

I had made a post a few days ago asking the people here what are the sources they use to keep updated in crypto. Here i am making a compilation of the sources people commented. Thank you to everyone who revealed where they get their crypto nuggets.Data on overall crypto markets:CoinmarketcapGlassnodeMessari.ioEtherscan/BSC ScanICO DropsCoinMarketCalLunar CrushMediumCrypto Quantkraken intelligenceCoingeckoCredit: (1-9) u/6u2m4n79Podcasts:The daily GWEI (all eth, all updates)Bankless (heavy eth with lots of good interviews)Thinking crypto (can't help but love this guy, so simple, so positive)Brave new coin crypto conversation (also love this guy, so relaxed)Pomp podcast (great for big name interviews)Bitboy (annoying, but I gotta get my shitcoin news)Coin bureau (just to round it all out )Tales from the cryptwhat bitcoin didHashoshi of the Crypto Cofee podcastCredit: (1 to 9 ) u/Josefsparko1Good Youtube channels:Benjamin CowenCoin BureauInvest answersWhiteboard cryptoCTO LarssonBrave New CoinLark DavisDigital asset newsCryptosRUsFinematicsCrypto Twitter:glassnode - glassnodeAnthony Pompliano - APomplianoAndreas Antonopoulos - aantonopBenjamin Cowen - intocryptoverseDan Held - danheldMichael Saylor - saylorNatalie Brunell - natbrunellPlanB - 100trillionUSDRobert Breedlove - Breedlove22Jameson - Lopp Lopppeter wuille -pwuilleMax Keiser- maxkeiserAdd @ to the username to search the account.Crypto NewsNew MediaProtos: https://ift.tt/3E3VV5G https://ift.tt/3rhFJKH https://ift.tt/3o0Lri2 https://ift.tt/3lk6oT9 Magazine: https://ift.tt/3I1a9Xn https://www.youtube.com/channel/UCqK_GSMbpiV8spgD3ZGloSwTechCrunch: https://techcrunch.com/cryptocurrency/​Traditional Media (non-paywalled)Reuters/technology: https://ift.tt/3d22qtO https://ift.tt/3I5XeUj https://ift.tt/3nZ03yh u/bkcrypt0Data on Shitcoins/Scam coins:tokensnifferstaysafumoonarch.apphonepot.isBscheckWappalyzer( To check the quality of the website)​Don't forget to read the Coins whitepaper while researching on the coin.Honourable mention: 4chan /Biz section. apparently even though its full of shills its a good place to find hidden gems like $ROSE before it goes mainstream.This is all the sources i had collected from the post. If you have any more good sources feel free to comment. I will add it to the list.

Submitted November 29, 2021 at 07:18PM

I just don't get it, if you HODL and don't sell, why does it bother you that we were in red for a week or two?

So majority of people here firmly believe the bull run is not over, not until Q1 of 2022 (at the minimum). Also, the majority of people HODL, and DCA in during all times.And "suddenly", there's whale shennanings due to (most likely) options expiring, like there's EVERY SINGLE MONTH for the past half a year, prices come down a bit, and people go into the "this is the end of the world" shouting match with themselves, and start panic selling.I mean, I just don't get it. I don't blindly HODL, I'm not that strong. But most people here does HODL. Most still think the bull run is not done. Especially for people that DCA, this is like a crypto yard sale, everything is on discount. Most people know the prices will bounce back in a day, or a week, or a month. Yet... some people panic sell.Can someone please enlighten me?

Submitted November 29, 2021 at 03:34PM

Congratulations on surviving the Omicron bear market

Can I please get a big round of applause for all of you that were able to survive the recent bear market caused by Covid-19 Omicron. (sourceI absolutely am amazed by all of your persistence for surviving this extensive bear market of roughly 2,5 days. I know most people gave up. But you were here and stayed.Respect to all the hodlers.Now let's watch the market blow up to 100k$ BTC.Congratulations on surviving the bear market.

Submitted November 29, 2021 at 06:23PM

What is going on with these CRO posts lately? I feel like this sub became a paid Ad for Crypto.com

Its a bit fishy isn't?There are so many posts about the highly positive effects of this centralized exchange and how it is changing the world that we are living in!Then there are numerous "reviews" how Crypto.com is a game changer, and their card is something that is disrupting the entire crypto exchange spaceSorry, but it seems like that there is a huge marketing campaign from the Crypto.com team and they are targetting almost all Crypto related groups and websites, and I have feeling that this sub is one of their targets, creating shills and posts all the time, backed up by a army of likes that don't seem organic.I just don't see the "revolution" that they are bringing into the game and I still feel that they have to work hard to reach a level of Binance and Coinbase.Am I the only one feeling like that?

Submitted November 29, 2021 at 04:48PM

A lot of people seem to misunderstand why cryptos share price movement with Bitcoin.

Most of us know that when bitcoin moves, other cryptos move, sometimes identically.I see many comments and posts each time it happens in an obvious way (usually accompanying a fast swing by BTC) calling it out and either asking why it occurs or attributing it to some organized manipulation. Even some well-intentioned commenters explain how there is increased confidence in the markets during a bitcoin surge and so investors jump in alts at the same time. The same can be said about a sudden fall, where bitcoin loses value suddenly and all the alts follow suite.When I first started in crypto, I’ll admit it confused me too. But now it makes sense and hopefully it will to you too.Alts are markets inside markets. Bitcoin is nested in the fiat market and alts are nested in the Bitcoin market. In order to understand why cryptos rise and fall with bitcoin, you need to stop thinking of alts directly in fiat value, that’s too many steps. This isn’t like stocks where everything is traded against the USD. This is crypto, where everything is traded against other crypto and the reserve currency is Bitcoin. As the largest share of trading pairs, BTC is the market stabilizer in the same sort of way that the USD is the reserve currency in the global market. Yes we have stable coins, but they don’t dominate the market like the bitcoin pairs.When we compare the value of two cryptos we can forget that we are actually looking at their value in yet a third currency. You may be only looking at two coins but you are including a third trading pair of fiat. Instead, keep it simple and consider only two assets, one trading pair, at a time. During a shared price movement, look at the value of your coin and it’s movements in its value in bitcoin and you’ll see an accurate market value of your coin within crypto. The magic of the price of all coins moving in harmony falls away. If there is a significant change against BTC, you at least have a proper baseline for seeing true movement of your coins divergence from the baseline within crypto. Now you can introduce the fiat market into consideration if you want. It is the tertiary market in this trio.Let’s make a quick oversimplified example to drive the point home:If I were to buy shares in the American company Apple, which is valued in USD, and then the USD somehow suddenly rose 3% in value, would I be surprised that both the USD and the apple stock I own both increased 3% when I lookup the value in Euros? Of course not. Apple is still worth the exact same USD as before. Now since the Euro is smaller you may say the Euro fell 3% instead. It’s all relative but the point is the dollar moved and Apple stock did not, unless you care about Apple’s value in terms of a third asset. In crypto, fiat is the third asset.TLDR: Matryoshka dolls & Relativity

Submitted November 29, 2021 at 12:01PM

Do not beat yourself up because you can only afford to invest a small amount. $60 or $600, in time, you will reap the reward.

Do not get disheartened because you can only afford to invest less than $500 in crypto. If you are patient enough, you will definitely gain profit. If the small amount you invested is significant for you, the gains will also immensely benefit you.You do not need to sell your house and put it in crypto. A smaller amount at first is ideal to understand this space. It gives you time to properly learn how this space and technology works, and understand the market.If you have put in some money, no matter how small it is, you belong to the tiny minority of early adopters. Billions are yet to enter this space. And in time, if you are patient and keep DCAing, you will definitely make it.It's better to learn and invest in fewer cryptos than FMOing and chasing coins that are shilled heavily. All my gains came from this strategy. Hope we all make it big in five years.

Submitted November 29, 2021 at 11:26AM

Why do we love CRO but not other CEX coins like BNB?

There's been tons of love and promotion for CRO lately but I fail to see how it's any different from any other centralized exchange tokens like BNB, KCS etc. Just a few months ago several of the top posts were about what a travesty the crypto space is because BNB was a top 5 coin, and how they goes against everything that is cryptoSo what's so different about CRO? I get it's a lot more in the spotlight with all the marketing and everything and they're making a big run for top10Not hating or anything, just genuinely curious (and interested to see sentiments next year)

Submitted November 29, 2021 at 08:12AM

Remember when Logan Paul dropped $600K on an NFT? It's now worth $4,000. That's a loss of more than 99%.

https://ift.tt/3xAT0PI

Submitted November 29, 2021 at 08:56AM

Buy the rumor: will Crypto.com announce US exchange on Christmas Day during Lakers v. Nets?

By now you’ve probably heard about the monumental “Crypto.com Arena” naming deal which is scheduled to take effect on Christmas Day.https://ift.tt/3rjb3ZC scheduled for Christmas Day is the Lakers playing the Nets at home. (home being Crypto.com Arena).Crypto.com has stated that they plan to launch their highly anticipated US Exchange in Q4 of 2021. Well there’s not much time left in 2021 and CDC is on a roll, dropping one big promotion after another, almost simultaneously.I think Crypto.com is gearing up for something major and that CRO will 2x between now and EOY.What do you think? Are you buying the rumor or do you plan to sell the recent CRO news ? What are some other whisperings you’ve heard?

Submitted November 29, 2021 at 06:33AM

Daily Discussion - November 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 November 29, 2021 at 07:00AM

We are not late. We are not early. Living in the present is living in peace.

I often read posts about we being early into Crypto or the opposite, that we've already miss the train. In my opinion it's neither, because we simply don't know what's next. We don't know what the future will bring. We might be very late and to be very close to ATH market cap or the opposite, the whole Crypto market may jump x100 in the next 10 years for example.In this line of thoughts we should stop worry about being late and stop rejoicing too much being very early. We should accept the reality as it is, following your investment strategy, being happy for the current implementation of blockchain technology in our everyday lives. We should live in the present, because living in the present is living in peace with yourself.

Submitted November 29, 2021 at 05:00AM

Crypto.com will become the blue chip for exchanges.

“Fortune Favours the Bold”, and CDC is the boldest barbecue sauce at the cookout.Google “crypto”, and you’ll see that Crypto.com is the ONLY exchange listed on the first page.Do you think they’ll have the capacity to absorb some of the less popular exchanges?With a total supply of 30.3B, will CRO eventually reach a market cap of 1T (an approximate 33x from here)?Much to think about with CDC, but they’re certainly on the right track. It’s hard to come up with many CONS of hodling CRO, I’d love to hear some reasons as to why you’re choosing NOT to buy in.

Submitted November 29, 2021 at 04:12AM

Whales control the market and will manipulate it at their whim

That's it, Whales control the market and there's nothing much you can do about it other than to play long termToday the sentiment here was of death... in a few a minutes a lot of buying orders and BTC pumped 2k up and alts followed. Do you think this is organic?Of course not! Whales are playing with the market and will continue to do so and take money off from retail, specially when you buy at the top and panic sellOther way to lose larges amount of money to whales is leveraging. A lot of shorts got blasted in the last 2 hoursJust check Whale Alert twitter, there are millions and billions of dollar moving from just a few wallets.Even if everyone in this sub chipped in with 10 USD$, it wouldn't even come close to whales' power. See this transactions just a few hours ago: " 129,921,132 USDT (129,921,132 USD) transferred from unknown wallet to BINANCE ". That's over 30 USD for each one here! And that's just one WhaleTLDR: That's it boys and girls, you're a mere shrimp or algae in this crypto ocean, and the only real tool you have at your disposal is playing long term and not panic buy/sell, all the rest is playing with your luck and chances are you are going to get crushed by the whales

Submitted November 29, 2021 at 04:51AM

Someone has committed suicide after losing their live savings in the SnowdogDAO rug pull. Now the FBI are involved. What the bloody fuck is wrong with all these ponzi scammers and shitcoiners. This degeneracy has to stop

https://ift.tt/3xujH8u

Submitted November 29, 2021 at 01:26AM

I'm feeling bullish on leaving this community. Someone talk me out of it.

I’m not sure if it’s just the marketing, but this community seems to be a great waste of time and is really paving the way for mass, portfolio degradation. I know r/crypto is doing similar with their subreddit, but r/cryptocurrency has the potential to really reach the masses if they keep the echo chamber flowing.This might be pie-in-the-sky thinking, but I also believe they’re positioning themselves as an idiotic influence when it comes to crypto policy. Only because I think redditors will buy in to the popular option and they’ll politic it to make it beneficial for them.I just need someone to tell me the community doesn't suck and it’s profitable or something.

Submitted November 29, 2021 at 02:18AM

Algorand is an official sponsor of the Current World Chess championship.

https://ift.tt/3nWoJHM

Submitted November 28, 2021 at 11:46PM

It's been two months since the pandora papers, an investigation into the shadowy offshore financial system, but everyone seems to forgotten its implication and now the US Treasury Secretary Janet Yellen closes in on Crypto as a haven for criminals. That's exactly why we need Crypto.

A Reminder:What are the Pandora Papers?The Pandora Papers is an investigation into the shadowy offshore financial system that reveals the workings of a secret economy that benefits the wealthy and well-connected at the expense of everyone else.The “papers” are the more than 11.9 million confidential records obtained by the International Consortium of Investigative Journalists that form the backbone of the investigation.Where did the Pandora Papers leak come from?The records come from 14 offshore service providers — law firms, wealth management advisors and corporate formation agencies — that help those with money set up companies in low- or no-tax jurisdictions. You can find out more about the firms here.What’s the difference between Pandora Papers and Panama Papers?Size, scale, scope. While the Panama Papers was based on the files of a single offshore services provider, the Pandora Papers records come from 14. The new investigation includes data on more than 27,000 companies and 29,000 so-called ultimate beneficial owners — the real owners of shell companies — or more than twice the number of beneficial owners identified in the Panama Papers.  The Pandora Papers also connected offshore activity to more than twice as many politicians and public officials as did the Panama Papers.Why does the Pandora Papers investigation matter?The offshore system allows elites and multinationals to shift taxable wealth to paper-only companies in low-tax jurisdictions, without requiring them to live or actually earn profits there. They can shelter their assets— yachts, airplanes, artwork, mansions, cash and even company shares — by paying financial services providers to set up companies to hold those items. It also offers secrecy, which provides an opportunity to hide assets from authorities, creditors and other claimants as well as from public scrutiny.The offshore financial system can drain trillions of dollars from treasuries, worsen wealth disparities and protect those who cheat and steal while depriving their victims of recourse. Studies have estimated that the world’s ultra-wealthy own the bulk of the $11 trillion realm of offshore companies.$11 Trillion Dollars ! That's a lot of doe.And now the relatively new US Treasury Secretary Yellen has the audacity to claim: “I think many (cryptocurrencies) are used, at least in a transaction sense, mainly for illicit financing. And I think we really need to examine ways in which we can curtail their use, and make sure that anti-money laundering (sic) doesn't occur through those channels.”I am at loss for words, the pandora papers confirm what we all knew all along, but instead of doing something about those tax havens, they go after crypto, which is pushing a completely false narrative:"The majority of cryptocurrency is not used for criminal activity. According to an excerpt from Chainalysis’ 2021 report, in 2019, criminal activity represented 2.1% of all cryptocurrency transaction volume (roughly $21.4 billion worth of transfers). In 2020, the criminal share of all cryptocurrency activity fell to just 0.34% ($10.0 billion in transaction volume)."and that's the exact reason why we need more of crypto and to push on with idea of decentralizing financial markets. Only way out.

Submitted November 29, 2021 at 12:00AM

Four years ago on this day Bitcoin reached $10,000 for the first time

https://ift.tt/3cUBSuH

Submitted November 28, 2021 at 11:13PM

Edward Snowden: I have Significantly more Respect for People who are like "I made Dog Money as a Joke but if you want to Give me Money for it, Ok" than People who are like "Dog Money is Extremely serious, Moon Mission confirmed"

https://ift.tt/3HZpt70

Submitted November 28, 2021 at 10:39PM

"I bought the dip" is the new I'm vegan / a DJ / I do crossfit

We all know the age old joke, how do you know that someone is vegan? - They will tell you about it. How do you know that someone bought the dip? They will make a reddit post about it.Playing on the "If a tree falls in a forest and no one is around to hear it, does it make a sound?" saying, we can also ask ourselves "If you buy the dip, but don't tell anyone about it, did you really buy the dip?"If you really have to say that you bought the dip, whether for confirmation bias purposes or whatever, I may suggest a couple better options depending on your personality:- those that want to become acolytes of the cult of the Blood God - I just drank some blood of the recently deflowered virgin investors- those that want to sound economically knowledgeable - I have just helped to reverse the bearish pattern- those with alcohol problems - I just took some Bloody Mary shots- literary fucks - I have attained the life of glamour by pure serendipity.- gym rats - I just did 40 dips, now it's time for some pull ups.- CS GO enthusiasts - Rush D suka blyatI'm sure some of you will make some better suggestion.Conclusion: If you have to say that you bought the dip, at least be creative

Submitted November 28, 2021 at 08:14PM

I’m feeling bullish on CRO. Someone talk me out of it.

I’m not sure if it’s just the marketing, but CRO seems to be a great opportunity and is really paving the way for mass, retail adoption. I know coinbase is doing similar with their card, but CDC has the potential to really reach the masses if they keep the marketing up.This might be pie-in-the-sky thinking, but I also believe they’re positioning themselves as a governmental influence when it comes to crypto policy. Only because I think lawmakers will buy in to the popular option and they’ll politic it to make it beneficial for them in.I just need someone to tell me the tech sucks and it’s not scalable or something.

Submitted November 28, 2021 at 11:13PM

You wanna know how early you are in Crypto,people are still stuck in "BTC only used to buy drugs" era!

Sometimes I just go on other subs to check out People's view about Crypto,today I visited r/technology sub There is a hot post on the sub ,an old news article about Crypto :"Bitcoin miners resurrect fossil fuel power plant, Drawing backlash from Environmentalists"Here are the some of the top commentsHere come the Crypto miners to attempt to push this into the dirt.I can't hear you over the sound of the GPU market on flamesHow else will I make millions in Cumcoin so that I can buy an NFT of a rainbow monkey wearing a crown to make my profile picture on Twitter? This is the future we were waiting for.What a monumental pointless waste.Its not only the plant spewing out CO2 for nothing, it's also the astronomical e-waste of all those servers just burning energy to make speculative bullshitMining Crypto needs to be permanently banned in all countriesBlockchain as a concept is very intriguing, but I have yet to read but I have yet to read a sufficient explanation of what problem Cryptocurrency solves outside of avoiding regulation from existing markets and nation statesI think the reasons you listed is the only reason what they don't consider is that in a world where the current government backed currencies stop working, they probably won't have electricity or any network to use Bitcoin.And with an upper limit of 20k transactions per hour, if everyone were to use it, they can only do one transaction every 50yearsAs long as we allow this BS we don't have to talk about electric cars and biodegradable strawsAll for something that's sole practical use is to buy drugs and payoff ransomware. The world weepsIt is also used for international money laundering and human traffickingCrypto is nothing but a scam most of the time and at best it's just a way for the wealthy to hide their money and purchase drugs anonymouslyTo sum it up, People outside Crypto subs, have the opinion BTC is a scam, only used to buy drugs, used in money laundering,consumes energy. Same circle jerk arguments used 5-7 years ago.,nothing new. They lack the new arguments to bash crypto,even after years,that tells lot of things

Submitted November 28, 2021 at 09:21PM

Crypto as the great emancipator: how crypto Made me realize that the lack of financial education in high school is per design.

I know it may seem pretty conspiratorial but I really think that the status quo benefits from people not investing their money.Where I live (In France), only 6% of the population own shares. Most people use interest accounts and more than 5000 Billions were on saving accounts in 2017 Source and have will soon be at 6000 Billion Euros. (Yes this number is true and terrifying.)All this money doesn't work much, and even worse, it is losing value each year SourceNo one taught us in school how personal finance works. I feel like this is one of the most important skill to navigate our world and nobody is teaching it.Crypto is emancipation because it makes us realize how the deck is stacked in favor of the richest and teach us that investment is the true factor of social mobility.I wish people knew about investing because in France we are far behind and I know crypto will be the great financial emancipator because we will learn how to navigate the financial world and learn about tools to do so.

Submitted November 28, 2021 at 07:26PM

I was intrigued by Loopring (LRC), so I wrote to the CEO... and he actually answered my questions. Here is our exchange.

Like many of us, I've been intrigued by the sudden popularity of Loopring in the last few weeks.I digged a little bit and, even by setting aside the rumors about a potential partnership with GME, I was amazed by the project. zk-SNARK rollups are an amazing technology, and it could be what finally brings us mass adoption.I worked as a freelance journalist for a few years, so I decided to use my skills to get more information about the project. My idea was to sell my story to a mainstream newspaper (please don't hate, I really think we should reach out more to the general public), but none of them was interested. So I thought that I could give you the Q&A of my email exchange with Daniel Wang, CEO of Loopring. Please keep in mind that my original ideal was to write for the general public, so some questions could seem basic.Here it is, I hope you'll find it interesting!***Q. Scalability has always been a major issue for Ethereum adoption. L2s like Loopring solve this problem, but the infrastructure is still in it's beginnings. Do you think that, in the future, users will only interact with L2s, and that L1 will basically become an under-the-hood settlement layer?A. Yes, I do think this will be the case for most users. A layered design is much easier to scale.Q. How would you describe, in layman terms, the advantages of ZK rollups versus optimistic rollups? Is the withdrawal period the only major difference for the user?A. The waiting period for withdrawals is a major (noticeable) drawback of optimistic rollups, but the other thing people often neglect is that there needs to be watchers of OR blocks to constantly find potential violation of rules and then challenge the operators in a timely minter to protect user’s interest. These watchers need to be incentives and they cannot share the same interests with operators to stay independent. Q. Loopring already has use cases, such as a DEX. But if you think about the finality of your protocol, ten or twenty years down the road, what use cases do you have in mind? Do you plan to be more business/payments-oriented, or game-oriented?A. That’s a good question that I don’t have a good answer for. The blockchain space has been embracing new ideas and technologys on a daily basis. It’s hard to make a road map for even the next two years. We are more interested in building infrastructures instead of focusing on an application. Recently what makes me excited is that progress Ethereum Foundation has made in their zkEVM effort. I believe in a year or two, there will be general purpose zkRollup built on top of it to offer full EVM compatibility. Q. Vitalik Buterin recently talked about the importance of social recovery for wallets. Losing private keys is a big risk for users, and it's holding many people from joining crypto/DeFi. Do you think products like Loopring Smart Wallet can help mass adoption? How do you see the evolution of this product in the next few years?A. Smart wallet with social recovery is really a good product idea, but the adoption is slow due to higher gas cost of deployment and transaction compared with EOA wallets. I believe to solve this barrier to the market, smart wallets shall be deployed onto layer-2s instead of Ethereum mainnet. It will also be great if Ethereum can support converting EOA addresses to contract addresses so people can try EOA first, then convert them to contract-based wallets later to adopt social-revery based solutions.Q. There have been a lot of rumors about a potential partnership with Gamestop, which is allegedly working on a NFT marketplace. Can you tell us more about this potential deal? And beyond Gamestop, how would you describe the way Loopring can integrate in the metaverse?A. I cannot comment on that.Q. How many users do you think DeFi can have in 20 years, and what place do you think Loopring will have in it?I would image most people who have a smart phone will have crypto apps installed and owns some cryptocurrency. By then, Loopring will probably be gone — there will be a lot of younger and smarter people building next generation of technologies to outcompete most existing blockchain platforms/products. It will be sad that two years later most of the current projects are still around. Don’t you agree?EDIT : Here is the proof of my interview : https://ift.tt/3FTz9hA #2 : I should add that I obviously hold a small bag of LRC, so I am not perfectly objective here.

Submitted November 28, 2021 at 09:53PM

a coinnamed OMRICON is up by 455% since yesterday. we deserve a bear market

https://ift.tt/3rhFVtu

Submitted November 28, 2021 at 05:20PM

We all know the phrase buy the rumour, sell the news. So what's the best rumour you have heard in the crypto space lately that you are buying up?

Hit me with your best shot, fire away! I personally like many others jumped in on some LRC when i started to hear the rumblings about the Gamestop deal. Whether or not that ever becomes reality who knows, but I bought in at around $1.20 so so far so good. I hear rumours every other week about Cardano and what amazing thing is coming there next, but so far since they haven't delivered much in my opinion I am not holding my breath.What about everyone else? What juicy rumours has everyone heard lately that they're buying up?

Submitted November 28, 2021 at 06:35PM

“It’s dumb nerd money that nerds use to try to rip each other off” saw this at an anti-crypto forum. Are they right? Are we just here to just get rich? Or are we here to build a fair and equitable world?

We can't blame them either most crypto investors are just people looking to get rich quick while pretending to care about the economic situation as a whole. Most crypto investors are no more concerned about the dire situation of the economy than the average person. For many of those investing in cryptocurrencies, the goal is simply to get rich, not to build a better world. If you are in this for building a better world there are a hundred things you can do alongside investing crypto. How many people here are doing that?Crypto was created to root out corruption and untrustworthy intermediaries and to give the power back to the people. I hope we go back to the roots of the movement.The greatest progressive movements the world has ever seen always came from small sections of people that thought differently from the majority. I hope we, as a group, will see beyond the money and this movement will steer us back on track and make the world a better place.

Submitted November 28, 2021 at 05:50PM

This is for you. They will laugh, but they will envy later.

This is for all the crypto investors that are riding the rollercoaster of tears, laughter, happiness and despair. This is for all the times people look at you like you are delusional investing in "Internet money". This is for all of us losing hope every once and a while.This is for all of you FOMOing into the wrong coins. This is for all of your impatience. This is for all of you thinking the parabolic runs starts but it doesn't. This is for all the times you want to give up and just continue the hamster wheel run, the rat race.This is for all of you that want to achieve financial independence. This is for all of you that want to look after your family financially. This is for all of you that want yachts, lambos, and coke. This is for all of you wanting freedom.Let them laugh at you. Let them doubt you. Let them fight your goal. Let the boomer world trying to bring crypto down. Let them have it.we are going to make it.you are going to make it.Think about this when in 1,2,3 or 5 years from now you have achieved all of your goals.And then look at them.Let's f*cking go!

Submitted November 28, 2021 at 04:52PM

Which altcoins should survive the bear market?

I've read a lot of comments here stating that once the bear market comes, many altcoins will not survive. I think a rather common belief is that around 80% will either disappear entirely, or their price will never recover to the current/previous ATH levels. Personally, I have my doubts about this number being that high, but I am just a newbie trying to learn things, so what do I know? And that's beside the point of this post anyway.In this post I want us to discuss "the other 20%". So, what coins, do you think, will survive the next bear market and will thrive during the next bull. If you could provide some reasoning, instead of just throwing some names or just shilling your favorite alts, that would be much appreciated!P.S. Just to clarify, I understand, ETH is technically an altcoin, but it's pretty safe to think, that it's grown so much it's, by far, the safest altcoin to survive the bear. Saying this before I get plenty of "ETH" comments, as I would kind of like the focus to be on other altcoins.

Submitted November 28, 2021 at 03:37PM

No matter what I do, the prices keep going down

Alright so I checked the prices on my phone and it is all red.People said "zoom out" but when I kept zooming out nothing happened, the prices are still the same.Then I tried rebooting my phone but no luck.I updated the software on it but the goddamn prices are still going down.I then tried turning off and on my router, I thought "it had to be WiFi". Noup.I checked the prices on my PC and they are the same, so it is probably not my phone.I am starting to run out of ideas, what should I try next?Actually I am going to take a nap, see ya tommorow.

Submitted November 28, 2021 at 11:09AM

Don't be a fool. Never, I mean never take a loan to invest in cryptocurrencies. It is not worth the stress, your mental health and the risk of going bankrupt

The worse thing about losing money while investing in cryptocurrencies is losing money you don’t have.The sentence that is often repeated here is “don’t invest what you can’t afford to lose".It is absolutely not worth the risk, stress and your mental health.Some people get lucky, but most don't. Don't be an idiot, ignore the stories where people borrowed money and managed to get it back and make some profit along the way. Those are rare ones.Instead you should read this: "I'm thinking about the money I borrowed from my friend, even my savings, like my RRSP is gone. I just can't believe it""So now I'm really freaking out because I’m like $80,000 in and I really need that money"You don't want to be those people. Invest what you can afford to lose.

Submitted November 28, 2021 at 08:34AM

The DIP is here. WHAT ARE WE BUYING

The dip some of us wanted is here (Including me) and I'm sitting here waiting on my fiat so I can BUY THE DIP. I have seen a lot of people talk about buying the dip ever since I joined the community and I also see a lot of people being super bearish about it.What are yall buying considering a lot of crypto is down right now?I'm going to a DCA for LRC, enough CRO to get jade, and ADA seems like a good buy because its on the low low. I am also looking for AMP to drop below .05, and DOT to get lower.Would love to know what the community is planning. It is a big crypto world out there and im hoping to hear about some that i may have overlooked.🦀🦀🦀

Submitted November 28, 2021 at 12:10PM

Don't chase pumping coins, chase underperforming coins!

It might not be a popular strategy but here is how I choose what coins/tokens to buy and sell.I do hold some eth and btc, but with my extra money I like to chase underdogs. First, I try to stick with coins that are at least in the top 50 market caps to minimize risk. Then, I look for the worst performing coins of the week and allocate a small amount to each of them. I usually pick 3-4 different coins.Eventually, every coin that has been around for a while and has a big market cap end up dumping and pumping one day or another. That is the whole point of my strategy.When a coin I bought low finally pumps, I sell and then reallocate my profit to the next underdog, and so on. Personally, I sell between 10-20% gains.Of course, it is still very risky, and you should always read about a coin that has recently plumetted to make sure theres no obvious reason.A lot of people will probably downvote me because I dont choose coins based on their technology but it worked for me so go ahead and do what you must do!

Submitted November 28, 2021 at 06:21AM

The entire crypto market is being shorted in the last 48 hours and barely anyone is talking about it.

Shorts have been steadily rising with no upper limit in the last couple days with buying pressure still supplying upward pressure.Just take a look at datamish.com and see how most coins, especially BTC, are being shorted to an insane degree with FUD regarding the "Omicron variant" as an excuse.It's actually infuriating seeing the major hedge funds and financial big wigs trying to create a reason why they want to buy up their personal crypto for cheap.Yup, lets just all ignore the insanely bad monetary policy and "transitional inflation" that's been happening for the last couple years.Meanwhile ($1.6 Billion dollars of ONLY bitcoin) are being shorted in the last 48 hours not including the rest of the crypto market.Stay smart friends, there's a coordinated effort to dismantle us all using any means necessary.

Submitted November 28, 2021 at 07:36AM

Bitcoin Adoption: El Salvador’s Ambassador To The US Says America Is Only Concerned About Losing Its Power

https://ift.tt/3cWTshr

Submitted November 28, 2021 at 03:58AM

Daily Discussion - November 28, 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 November 28, 2021 at 07:00AM

Which coins used to be the "next big thing" but are now dead?

Which coins used to be the "next big thing" but are now dead? For example back in May "Shopping" was a coin everyone was talking about and it now looks dead for the last couple of months.I also haven't seen that many Ergo shills anymore lately, but I do expect to see these again on the next run up.I would like to know about some coins that everyone was talking about before, but now no one cares anymore. This of course creates a lot of bag holders. Imagine buying XRP at the all time high and then waiting for 5 years and you're still at only 25% or so.This is one of the reasons why I am very heavy into the blue chips coins, as there is always a very high chance of them recovering.Another one that I know of is EOS, another Ethereum killer in 2017. I don't really believe in Ethereum killers, it could happen, but it's more likely to end like EOS.Do you know any examples of dead coins that used to be hot? What was the narrative that made them hot?(Also, if I mentioned any of your favorite coins, I did not mean to attack you. You can buy all the EOS you want, I'll buy more Ethereum)

Submitted November 28, 2021 at 05:00AM

Crypto.com is what mass adoption looks like. Their greatest trick is answering the question "Why should I be interested in crypto?" for the average consumer

The more I think about it, the more amazed I am by what Crypto.com has done and is doing.The crazy good marketing and ideal domain name are obviously huge things, but they receive almost all of the attention. The product itself is where CDC truly excels and why it will become the biggest exchange.To offer a card that gives you free Spotify and Netflix is absolutely genius. In one single swoop it cuts away all other reasons needed to explain to someone what the hell crypto is about and why on earth should they be interested in it.It doesn't get any more understandable than "Free Netflix and Spotify". That's the hook that makes people perk up and listen, because they get it. And then they're ready to hear about some of the other benefits. "So you're telling me it's like a bank except they're the ones paying me?"It also puts Crypto.com in great company by association. Because "We're the Netflix/Spotify of cryptocurrency" is precisely the position they want to be in and are marching towards.CDC and its advertising will bring hundreds of millions of people to cryptocurrency. Add in the forced staking, another stroke of genius, and they'll have hundreds of billions of dollars in the vaults. This company will be like the whole world's crypto bank if it succeeds.People compare BNB to CRO and think BNB's market cap is close to the max CRO can reach, but with the vast hordes of new users about to enter the game, I think CRO will far surpass BNB in the coming years.Yes, you could say I'm bullish on this one. I'm also scared about the giant being built (please don't be evil), but for now this one seems like a very obvious investment.

Submitted November 28, 2021 at 02:29AM

Have you ever bought a hefty position in an altcoin before it went parabolic?

I’m just curious to see what some of you guys have “won” off of in the past. I’m not looking for anyone to shill their current altcoin favorites either. I’m specifically interested only to hear about any monumental gains you’ve made off of an altcoin that you dumped a ton of fiat into. I’d assume most of you would rather give percentages rather than the fiat amount so I’d encourage that.Things I’d also like to know in your comment:Did you hold conviction with the crypto’s utility or use-case(s) prior to your entry, or was it just a YOLO because you thought it would catch hype?Did a low market cap/circulating supply affect your decision to buy in?What was your entry and exit price (if you remember)?Did you sell near the top or hold through the pump and become a bag holder?I’m interested to hear your stories!Personally, I threw a decent amount into a low market cap alt (won’t reference it specifically to avoid a shill) a few months ago and was up over 650% after about 45 days. I sold off a good amount and continue to hold 2.5x my initial investment.

Submitted November 27, 2021 at 11:42PM

The market is now on Extreme Fear. If history is correct, this is the best time to start buying.

The Crypto fear and greed index is now at 21 points signaling "Extreme Fear." Every time the market entered "Extreme Fear" in the past, it had turned out to be an excellent buying opportunity to buy at lower prices.I think this time is no different as Crypto is perhaps one of the only assets that people buy less when it is on sale. Every time the market dips, people panic and miss out on the great buying opportunities. The dip we are seeing is extremely close to what we've seen back in September and we are most likely going to go back up from here.TLDR: If you've been looking for a good time to get in, this is it.

Submitted November 28, 2021 at 01:06AM

Who else gets anxiety when transferring crypto?

I was helping my dad move his crypto from Exodus to his Coinbase so he could trade for a different crypto. I double and triple checked the address then sent the ETH. I didn’t fuck up and successfully moved the ETH. However I had anxiety until the process was completed.Is anyone working on an exchange or is there an exchange where a common investor can transfer crypto without concern. You see so many stories of “I sent XXX to the wrong address and lost my crypto”. Until it gets a lot easier to move or pay without concern I feel like it won’t be openly accepted.

Submitted November 28, 2021 at 12:18AM

What's Something That's NOT Money, Have You Gained From Investing in Crypto?

We all like to talk about the Green Dildos, the Lambos, but not enough talk about the lessons that we get from Investing in Crypto. Funny how we all have different circumstances but I think we all learn the same lessons.​Financial Literacy is something that I have gained from Investing in Crypto. And boy am I glad that I know it. I'm only 21 and this a lesson that I will carry until I die (hopefully not soon lol). I grew up in a poor family, in a third world country and my parents are Financially Illiterate. Hopefully, I could break the poverty cycle with my new lessons on crypto.​Financial Literacy from crypto taught me:How to do my research when investing in anything (very important), how to spot scams, how to be responsible with my money, ~~how to not pay taxes~~ jk, how to not let my emotions ruin my financial decisions, how to live below my means and save money, etc. And this Financial Literacy has given me a hope. A hope that maybe, I could break this cycle of poverty. I'm still one broken condom away from financial ruin tho lmao.​Even if I get all the money in the world, If I'm not Financially Literate, It don't matter bro.​Technically it's about money, but also not really money. What's something you got from crypto aside from the gains (if any lmao F)?

Submitted November 27, 2021 at 11:28PM

Janet Yellen (Secretary of the Treasury): Crypto is mainly used by Criminals | Reality: Just 0,34% of Transactions are connected to Crime, an All Time Low

Janet Yellen, the Secretary of the Treasury, claims that Crypto would be mainly used by criminals.But how does reality actually look like?Crypto transactions connected to crime have hit an all time low last year, just 0,34% of all transactions are somehow connected to "crime" (this includes your local guy ordering weed)What about the U.S. Dollar and other FIAT?The United Nations estimates that up to $4,000,000,000,000 annualy is connected to crime, which is up to 4% of global GDP.Why is no politician talking about that?(source for claims)

Submitted November 27, 2021 at 10:05PM

r/cryptocurrency hits 4 million members! Once we really start gaining members, then the bull run is on

I remember only a few months ago when I got into crypto this sub had 2 million members. Then it quickly grew to 3 million within about a month. After the infamous -50% crash, things started to slow down on the rise to 4 million.Now we’re finally there, but it took a long time. The amount of users joining this sub is actually a great indicator of market sentiment. Once we have a million people joining this sub every month, then you know that the mania phase has begun.Here’s to many more years (and many more gains) with you people! 🥂🥂🥂

Submitted November 27, 2021 at 09:23PM

Don´t do day trading, you will lose 80-90% of your assets

A study by the U.S. Securities and Exchange Commission of forex traders found 70% of traders lose money every quarter on average, and traders typically lose 100% of their money within 12 months. These numbers are no joke and are 100% real, IF you want to daytrade, do it with small amounts and money you can afford to lose.I am pro long term holding with money I can lose because mostly I will don´t lose that money if I hold it long enough (solid projects, ETH, BTC). I posted this because a friend of mine told me he lost +$1000 in 2 days. Be warned and just invest & hodl. (Don´t do futures aswell)

Submitted November 27, 2021 at 09:26PM

What did you guys buy during this Correction? How long do you think it will last?

Personally, I am thinking of buying some CAKE to stake (I haven't bought anything yet), but I was wondering what you guys were stocking up on. It's going to be super interesting to see what happens in the next 48 hours with this covid news, and how the global markets will react. Do you guys believe that we will close off November in the red? Let's hear your thoughts down below. I think that the crypto market will drop a little more so I didn't panic bought. I am gonna wait for it to drop more. What do you think? Cheers!

Submitted November 27, 2021 at 08:04PM

Any other Degens like me, all in on altcoins?

So hear me out, i know BTC and ETH are probably the smarter and safer choices but to some people like me, a 3rd worlder with a very limited amount of fiat, lower market cap coins are our only chance to make some gains that could really mean something.I'm personally all in on altcoins, if i lose money well at least i tried, but if i win some it would really mean the world to me, when you can only put 40 to 50 bucks a month into crypto you really have to risk it and go for possibles 5x-10x potential altcoins, being aware of the risks of course.This is not financial advice whatsoever and i'll probably stay broke lol, but if any of my alt moon someday it would really help a lot :)

Submitted November 27, 2021 at 06:01PM

Hey long-term holders, how long are you actually planning to hold for?

I know many of you are in for a quick profits but many among us are here for long term gains. I was wondering how long are you planning to hold for.A lot of coins have lately really blasted into the sky with insane gains and everything seems to be really expensive right now when you look at the prices from the January this year.I myself plan on holding for at least 3 years regardless of the gains I get. I don't want to repeat my mistake of turning down an offer to buy BTC when it was worth a few bucks.What about you?

Submitted November 27, 2021 at 07:13PM

sold all my ETH for health insurance. i’m bummed, but i don’t regret it.

background: i’ve had a mystery illness that’s stopped me being able to work/get out of bed for a few years now, and recently i finally got a diagnosis, but unfortunately it's one that basically means i’ll need complex healthcare for the rest of my life, with no knowing what part of my body is gonna try to nope out next. my country has mostly free public healthcare but hospital procedures often have insanely long wait times and unfortunately there’s often a lower quality of care, plus some things still cost a fortune cos they’re not covered. so it makes financial sense (and wellbeing sense too) to pay $2K a year for private health insurance when i realistically might need a $10K surgery on short notice or whatever.finding a spare $2K a year in my budget is almost impossible, so, i cashed out all my ETH. it was only about 0.35ETH, but that took about a year to accumulate in small purchases (eg $10 a week). i thought i was going to hold for years and one day change my life, so it’s really tough seeing the price hold up so well since i sold last week, knowing how long it will take to accumulate much again on the same budget but at the current prices.why am i sharing this? because it was worth it. i don't regret it for a second. feeling bummed about lost ETH doesn’t even almost outweigh the pure relief of knowing my first year is now paid in full and i can see out the 12 month waiting period for pre-existing conditions without having to start all over again if i have to tighten my budget further at some point.this sub talks a lot about hodling and diamond hands no matter what, and taking profits can seem almost taboo. but for anyone in a similar situation, i want you to know that selling in the short term can change your life just as much as that longterm profit might. maybe even more – for all i know, depending on what the next 12 months have in store, crypto might have just saved my life. and there’s no shame in selling if you need to, cos it might save your life too.tldr: you can’t buy a lambo if you’re dead.

Submitted November 27, 2021 at 07:48PM

4,000,000+ r/Cryptocurrency members! Congrats!

Congratulations everyone, I think I have seen the amount of subscribers in this Reddit double within the last half year!There was only 2million when I joined sometime in March! I think my numbers are correct. That’s amazing growth!Remember to be kind to the new members, they will naturally type the comments we have come to love and loads out of repetition ‘just dca and hodl’Remind them to open their vaults and link them to previous explodes posts that explain concepts everyone should learn! There are ‘links for newbies’ posts right?5 MILLION HERE WE COME

Submitted November 27, 2021 at 06:19PM

Fastest growing community.

Hey guys,Just wanted to congratulation to our best community on reaching amazing milestone!We just hit 4 million subscribers!The growth is really exponential, not sure what is the trigger on that in last few days. I would like to get more analysis on our subreddit growth. So if there is someone out here with some cool bots or results, please share it with me!Welcome to all new members!Open your Vaults, contribute, earn Moons and learn about blockchain!Once more, congrats r/CryptoCurrency on reaching 4 million!

Submitted November 27, 2021 at 05:02PM

Many of us are not here for the tech, we are here to own a house because Crypto is our only hope to do so.

Frankly, Crypto is the only hope for so many people to lift themselves up to home ownership.I saw my parents work and pay rent all their life, I don't want to do the same. I want to be able to help my mother and to get a house!The housing market is very expensive but one of the asset class that is outpacing the housing market is Crypto.I will ride BTC and ETH until I get there, never forgetting my aim!You'd think the housing market would be regulated or something so that we don't end up paying to live somewhere all our lives but that doesn't seem to bother governments as much as Crypto....

Submitted November 27, 2021 at 04:45PM

Meanwhile, the third largest Bitcoin address just bought 991 BTC at $54,190 few hours ago. This address has accumulated 7,066 more BTC in Nov 2021. Don't panic sell, keep your DCA steady. The bull market is far from over.

One of my favourite activities is whale watching. According to Bitinfocharts, the third largest Bitcoin address just bought another 991 BTC at an average price of $54,190.34 few hours ago.​As seen on Bitinfocharts website, this address has just bought 991 BTC today, and has accumulated a lot of BTC in November 2021.This address now has 114,959.56997991 BTCBalance as at 27 November 2021 as per Bitinfocharts websiteThere is still dispute whether this address is a whale or an exchange, but this is a pretty good indicator of how the whales are reacting. So while many planktons are scared off, the whales are accumulating more Bitcoins than ever.Another interesting thing: This address ranked 81th in February 2019 but have now become the third largest address. Note the first two largest addresses are exchanges (Binance 1st, Bitfinex 2nd)DCA plus swim-with-the-whale strategy: DCA is the first choice for many small retail investors like us. But also time like this is the perfect opportunity to swim with the whales (of course not by leverage!). The whales move the market and I do think they do it to make even more profits.I have written a post last week about DCA strategy and the best one in my opinion is: regular DCA + set aside a fund to buy when the flash crash happens. See how the whales swim.This address has made 3,931,206,864.56 USD profit ever since. But even when we confine it to November, this address appears to time the market perfectly, it sold 1,500 BTC on 09 November 2021 when BTC hit $67,510.46.I put this into a spreadsheet:Third largest Bitcoin address activities in November 2021 - summarySo I think: DCA, don't panic, buy the dip like the whales do. The bull market is far from over. Technically we had always been in a bull market since 2010, thinking long term.

Submitted November 27, 2021 at 11:02AM