Probably a repeat PSA, but seriously, if you're new (or even not new) to crypto, look into DCA-ing into your favourite coin rather than trying to buy the dip(s).Quick recap: DCA-ing or Dollar Cost Averaging is basically investing the same amount of money at set intervals over a long period, riding the market up and down... instead of trying to beat the market.It averages out the buy-in price and is a great way to take emotion out of the equation.A lot of exchanges have the option to do recurring buys, completely automating the process :)Anyways, thought it was worth repeating the message for the newcomers. Have a play around with this DCA calculator (I use Crypto Head but there's a few out there) to see what your ROI would have been if you invested X amount of BTC over the period of your choice.https://ift.tt/37ZLUsl
Submitted March 02, 2021 at 12:02PM
It's not much but I finally own just over one whole ETH!
I'm excited about actually owning a whole token now! Got into the game a bit late, I have some BTC but owning a whole one of those is a bit tough for the little guys. It's a small thing but after chipping away at it from week to week seeing that 1.0 is very rewarding. Here's hoping ETH staking brings good things!Cheers everybody and may your gains be large!
Submitted March 02, 2021 at 11:07AM
Submitted March 02, 2021 at 11:07AM
Ethereum will scale, in 2 weeks optimistic rollups are going to be released to mainnet.
ETH gas prices have been super high and the community has been counting on Optimistic rollups to provide scaling to the network.The scalability improvements are 140x the current transaction throughput which makes the fees very cheap.Optimistic rollups also use Ethereum L1 security unlike other L2s which use a completely separate security model with different tokens.What's even more exciting is this looks like it will be widely adopted throughout the community with the market leaders.... Synthetix, Uniswap, Chainlink and Coinbase all already committing to using Optimistic rollups!Don't see many people talking about this upcoming release here so I thought I'd give it a shout out.https://optimism.io/
Submitted March 02, 2021 at 03:42AM
Submitted March 02, 2021 at 03:42AM
Bitboy “promoting” shitcoins for easy profits leaving newcomers with massive loses
Bitboy is the biggest crypto youtuber right now with almost 600K subscribers.Today he uploaded a video where he recommended 4 different coins. One of those was a low cap coin called Nord Finance (NORD). In just 3 hours the coin has risen 50% probably leaving him with massive profits.He has done this numerous times and will probably keep doing so. There’s no way he’s not holding big amount of coins like these himself for easy profits after pumping them.Videos “promoting” coins like this made by such big names are extremely bad for the crypto space. Especially newcomers who will buy the top and get rekt in a few days when it dumps.What he’s doing is such unethical considering his massive fanbase mainly consisting of beginners. I feel like not enough people are talking about this and taking to account the effects.Thanks for the read. Have a great day :)
Submitted March 02, 2021 at 06:23AM
Submitted March 02, 2021 at 06:23AM
Daily Discussion - March 2, 2021 (GMT+0)
Welcome to the Daily Discussion. Please read the disclaimer, guidelines, and rules before participating.Disclaimer:Though karma rules still apply, moderation is less stringent on this thread than on the rest of the sub. Therefore, consider all information posted here with several liberal heaps of salt, and always cross check any information you may read on this thread with known sources. Any trade information posted in this open thread may be highly misleading, and could be an attempt to manipulate new readers by known "pump and dump (PnD) groups" for their own profit. BEWARE of such practices and exercise utmost caution before acting on any trade tip mentioned here.Please be careful about what information you share and the actions you take. Do not share the amounts of your portfolios (why not just share percentage?). Do not share your private keys or wallet seed. Use strong, non-SMS 2FA if possible. Beware of scammers and be smart. Do not invest more than you can afford to lose, and do not fall for pyramid schemes, promises of unrealistic returns (get-rich-quick schemes), and other common scams.Rules:All sub rules apply in this thread. The prior exemption for karma and age requirements is no longer in effect.Discussion topics must be related to cryptocurrency.Behave with civility and politeness. Do not use offensive, racist or homophobic language.Comments will be sorted by newest first.Useful Links:Beginner ResourcesIntro to r/Cryptocurrency MOONs 🌔rCryptoCurrency DiscordPrior Daily DiscussionsMonthly Skeptics Discussion thread
Submitted March 02, 2021 at 07:00AM
Submitted March 02, 2021 at 07:00AM
Cardano Becomes a Multi-Asset Blockchain With Today's Hard Fork
https://ift.tt/2Pq518z
Submitted March 02, 2021 at 03:58AM
Submitted March 02, 2021 at 03:58AM
To all the new people FOMO'ing into crypto right now
A lot of new people are getting into crypto that don't fully understand the risk they are taking. I know this space is exciting and the astronomical gains are tempting, but try to keep your head cool.Please don't use leverage, don't max out your credit cards, don't borrow money from friends and for fuck's sake don't sell your house to buy bitcoin.Don't blindly listen to people on YouTube shilling the next once-in-a-lifetime opportunity shitcoin. Take the time to do your own research and try to really understand the project before investing. The potential for huge gains is as big as the potential to get rekt.My advice for beginners: stick to Bitcoin and Ethereum for now. Add to your position on the dips, but only when you've got capital available to invest that you are willing to lose. If you can't sleep at night worrying about the next dip you probably have invested too much.That feeling of missing out will pass and new opportunities will be there every day. You are still early and you should be in it for the long haul. Enjoy the journey and try to have some fun on the way. These are exciting times and you are doing something for your future. That is something to be proud of!Lastly, if you have questions don't be afraid to ask. There are amazing knowledgeable people in this community that would love to help out!Take care :)
Submitted March 01, 2021 at 02:50PM
Submitted March 01, 2021 at 02:50PM
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