Cryptocurrency Daily Discussion - January 19, 2021 (GMT+0) |
- Daily Discussion - January 19, 2021 (GMT+0)
- More than 80% of LINK is controlled by 125 wallets
- Ethereum price inches closer to a new all-time high as Bitcoin consolidates
- Ethereum now processes 28% more transactions than Bitcoin
- Message encoded in block 666,666
- Fees make crypto look Delusional!
- Coinbase Redoing Infrastructure to Prevent Outages During Peak Times
- Reminder to go to the "New" and "Rising" and "Controversial" sections regularly to better inform yourself and the community.
- ETH countdown to ATH
- I Finally Got an Apartment, Thanks to Bitcoin Gains: My Story
- Miami Mayor Wants City to Be Crypto Capital of the World
- A record $3.7 billion in Bitcoin options are set to expire on January 29 as interest in cryptocurrencies surges
- Voyager Digital Crosses $500M AUM, Adds Elrond Support
- The Elon Musk Effect? Dogecoin Searches Spike After Tesla CEO’s Tweet - Decrypt
- Last year I set up a hard wallet for my first born.
- Noob/ELI5 guide to Ethereum
- Grayscale crypto accumulation 18/01 - +16244 BTC | +5566 LTC | +11357 BCH - Data visualised
- Reddit moons
- Chipmaking giant Nvidia could potentially restart production of dedicated graphics processing units (GPUs) for cryptocurrency miners, according to its executive vice president and chief financial officer.
- A Soccer player is now being financed with Crypto, another adoption of Crypto in sports
- Ethereum Finally Breaks All-Time High of $1,400!
- Ethereum has crossed 1380$
- Going to the moon is not easy!
- Grayscale adds 18x the Bitcoin mined supply in one day - Cointelegraph
| Daily Discussion - January 19, 2021 (GMT+0) Posted: 18 Jan 2021 04:00 PM PST 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:
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| More than 80% of LINK is controlled by 125 wallets Posted: 18 Jan 2021 08:33 PM PST
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| Ethereum price inches closer to a new all-time high as Bitcoin consolidates Posted: 18 Jan 2021 08:46 PM PST
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| Ethereum now processes 28% more transactions than Bitcoin Posted: 18 Jan 2021 10:44 PM PST
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| Message encoded in block 666,666 Posted: 18 Jan 2021 07:07 PM PST As in the case of the genesis block and the halving block mined last year a message was encoded in bitcoin block 666,666 "Do not be overcome by evil, but overcome evil with good - Romans 12:21" [link] [comments]  | ||
| Fees make crypto look Delusional! Posted: 19 Jan 2021 12:13 AM PST This might be a bit of a rant but seriously wtf are we doing here? These fees are no different to repeatedly punching yourself in the balls and wondering why no one else wants to do the same! Anyone who thinks crypto is going to be used as a form of payment and mass adopted are living in their own delusional reality. I had to move around some Bitcoin and ETH tokens for security reasons and what an absolute shit show that is. I had to buy more ETH to pay for the gas fees because what I had a month ago suddenly isn't enough, not ideal but ok, however I couldn't even send $10 I just brought to another wallet because it doesn't cover the fees! Never mind the BTC fees and the time I had to wait for it all to be confirmed. I've been in crypto since bitcoin was around $10 so I've seen a lot happen in this space, but I'm done with all this until something changes. People go on about mass adoption globally and it being widely used to help poorer countries with hyper inflation or the unbanked, sounds great but that's never going to happen with insane fees given to greedy miners who throw a tantrum when things don't get changed to go their way. Do you seriously think someone who lives on less than $1 a day is going to spend $10 on fees! Seriously fuck these greedy self obsessed miners, they are one out of many reasons holding everything back. Crypto has turned into a tool for the wealthy more than the poorer people who need it. Also stop treating satoshi like some god who could never have been wrong. Do people ever think that maybe just maybe he/they weren't right about everything and forget it was just some guy or two, that clearly never saw industrial scale mining happening using specialized hardware that only wealthy investors can afford. This is now NOT! a technology run for the people by the people but run by corporations only in it for profit. Then you have the people who are stuck on repeat about how the lightning network is going to save btc and eth 2.0 will have "thousands" of TPS. Well where are they? Always another year or two away that never arrives never mind how laughable the lightning network is. And I'm not even saying litecoin or bcash or whatever shitcoin is any better because they aren't, if everyone jumped to them they still couldn't handle the TPS and fees would go up. Never mind all the electricity wasted which is a whole other issue. If crypto is ever going to work there has to be no fees for the poorer parts of the world and instant transactions for retail to gain mass adoption. Otherwise this is just one big circle jerk filled with scams and people drawing imaginary lines on colourful charts pretending they can predict the future, and has absolutely nothing to do with saving the world from the banking cartel and governments. [link] [comments]  | ||
| Coinbase Redoing Infrastructure to Prevent Outages During Peak Times Posted: 18 Jan 2021 05:20 AM PST
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| Posted: 18 Jan 2021 01:16 PM PST Title says much of it. By going to the other sections, rather than merely "Hot" or "Top," you'll be able to gather and glean more information for your decision making. You may be surprised what you come across; many of interesting posts and topics are unduly "buried" for a variety of different reasons. Additionally, you will be able to contribute to the democratization of the subreddit in a more robust fashion. [link] [comments]  | ||
| Posted: 19 Jan 2021 12:26 AM PST At the time of typing this, we are less than $10 away from Ethereum's all time high! We are likely to break into new territory before I even finish posting this! I bought in 2018 just after the top so it's very exciting to see my hold finally paying off. Won't be selling now, next month, or even next year. I owe someone sushi if we double from here in the next two weeks - I say bring it on! Get Hype!! [link] [comments]  | ||
| I Finally Got an Apartment, Thanks to Bitcoin Gains: My Story Posted: 19 Jan 2021 02:23 AM PST All these while, I've stayed with a relative, and always dreamed of saving up enough to rent an apartment of my own. I learned about Bitcoin in early 2018 and started buy small pennies all on the way down to that $3200 bottom that year. I sold almost all when the market rebounded in 2019 to around $13,000 and only started buying to HODL again early last year, before the March COVID-19 crash. I bought some under 6k and kept buying all the way back up to $13k before Bitcoin took off toward the end of last year. Now, with the value of my investment doubling in the last three months, I decided it was now a good time to take a part of the profit and finally reward myself with an apartment of my own. Before you come at me, I can afford to take care of my bills, so moving in alone only stalled because I didn't want to spend such a large sum at once. Now, I still have around 60% of my funds in Bitcoin and will ride the bull market till anytime I think it is over. I've always read that Bitcoin gains had a life-changing effect for some people, but I'm happy to finally feel a part of it. HODL on comrades 🙏 [link] [comments]  | ||
| Miami Mayor Wants City to Be Crypto Capital of the World Posted: 18 Jan 2021 10:27 PM PST | ||
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| Voyager Digital Crosses $500M AUM, Adds Elrond Support Posted: 18 Jan 2021 10:27 PM PST
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| The Elon Musk Effect? Dogecoin Searches Spike After Tesla CEO’s Tweet - Decrypt Posted: 18 Jan 2021 06:47 PM PST
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| Last year I set up a hard wallet for my first born. Posted: 18 Jan 2021 09:33 PM PST Now that the dark days of 2020 are over, and we are in the promise of better days, I have been reminiscing on the good parts of last year lately — such as home cooking experiments like deep frying flaming hot Cheeto battered chicken, completing my first 3000 piece puzzle, and putting my US $1200 stimulus check towards buying $500 of BTC and 3 alts for my first born when they graduate from high school in 17 years. I have always loved working with metal, and took up making a hard wallet from titanium for them so I know it is secure. Even tho last year was uncertain the future seems brighter! Oh and here is the best part. I will never tell them that they have it coming - it's like a grad gift 17 years in the making! [link] [comments]  | ||
| Posted: 19 Jan 2021 02:55 AM PST So you've heard about Bitcoin and you understand thats its peer to peer money. You can send me some and i can send you some. Simple and easy. But if you're new you're probably wondering what people mean when they say Ethereum is the world computer. You might go to a website like Uniswap.io and think "Whats the big deal, Bitcoin is also on exchanges." The difference is, Uniswap runs on the Ethereum network. Which means theres no server holding a database or making trades for you. Uniswap is just an interface which makes assessing it easier, the same as how a bitcoin wallet makes sending bitcoin easier than using a terminal. The entire back end of uniswap is running on all the Ethereum nodes. Uniswap's website could be shut down tomorrow and everyone would still be able to use it. Even the creator can not shut it down because he would need to convince everyone running an Ethereum node to delete it. Similar to how Bitcoin can't be shut down by its creator. An important benefit is Uniswap the dapp can't freeze your account, ask for documents to prove your identity or limit how much you can trade. It's a self driving exchange. Uniswap isn't the only dapp running on Ethereum, anyone can write some code and deploy it to the network. We have dapps like synthetix which allow you to trade real world assets with infinite liquidity. This means you can buy $2,000,000 worth of an asset without any slippage in price, it also means anyone from anywhere in the world will soon able to invest in US companies (TSLA, AAPL aren't on synthetix yet but are coming soon). This is powerful and something people in restricted countries have wanted to do for a long time. Ethereum isn't the only asset on the Ethereum network, theres thouands of assets. An interest one is decentralised stablecoins like Dai which are pegged to the price of the dollar algorithmically. These stablecoins can be used to pay anyone from anywhere in the world. You can also earn interest on these dollars by using a decentralised savings account like Aave.com . These dapps earn you interest by taking your stablecoins and lending them out to borrowers while charging them an interest rate (I wont go into how these dapps ensure the borrower repays the loan because im keeping it ELI5). I've barely scratched the surface of all the dapps Ethereum has but felt the need to make this post because I remember getting into crypto and not have a clue what Ethereum was or did besides using it to send to Binance because it was quicker than using bitcoin. If you want to learn more go to Ethereum.org I also recommend reading "The Infinite Machine" and researching the Ethereum 2.0 upgrade if you get chance. [link] [comments]  | ||
| Grayscale crypto accumulation 18/01 - +16244 BTC | +5566 LTC | +11357 BCH - Data visualised Posted: 18 Jan 2021 02:01 PM PST
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| Posted: 18 Jan 2021 07:03 PM PST So I'm trying to figure out how to use the Reddit moons. I think I just lost mine trying to send the to Coinbase wallet. Is that possible? I sent them as moons on Coinbase wallet but I'm afraid that might be a different thing all together.idk. If anyone can give me a heads up. I mean it was only 64 of them but still kinda sucks. When I go to my vault it says transfer complete but nothing shows up in the wallet. If anyone has any experience doing this please let me know [link] [comments]  | ||
| Posted: 18 Jan 2021 07:40 AM PST
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| A Soccer player is now being financed with Crypto, another adoption of Crypto in sports Posted: 19 Jan 2021 02:25 AM PST
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| Ethereum Finally Breaks All-Time High of $1,400! Posted: 19 Jan 2021 03:38 AM PST
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| Posted: 19 Jan 2021 01:59 AM PST ethereum has crossed 1380$ first time since 2018 Former Goldman Sachs executive Raoul Pal has revealed he believes the price of Ethereum (ETH), the second-largest cryptocurrency by market capitalization, could ho to $20,000 "this cycle," based on Metcalfe's Law. Revealing parts of his next Global Macro Investor (GMI) research, Raoul Pal said on social media that it's "all Metcalfe´s Law," and that "ETH = BTC" whether investors like it or not. He started pointing towards a model his team created to demonstrate Metcalfe's Law on the BTC network using active addresses and the cryptocurrency's price, as well as market capitalization. Pal, who before founding macro economic and investment strategy research service Global Macro Investor (GMI) in 2005 managed a fund for Man GLG and worked at Goldman Sachs, then pointed out Ethereum looks like BTC in its early days, based on the growing number of active addresses. [link] [comments]  | ||
| Going to the moon is not easy! Posted: 18 Jan 2021 11:34 PM PST If you want to go to the moon, you need to be prepared. It is not easy. Astronauts spend enormous time preparing for the conditions that welcome them on the moon. Crypto moon is no different. It is not easy. You need to push yourself, prepare yourself through the spine-chilling bear market, HODL through 70% or more dumps, have conviction to buy when the market is bleeding and more. When the bull market finally arrives, it is easy to get euphoric and sell. You need bigger balls to keep HODLing, know your destination, remember what you prepared yourself for. Very few people have actually landed on the moon, very few people will land on the crypto moon. Good luck to all of us, see you on the moon :). [link] [comments]  | ||
| Grayscale adds 18x the Bitcoin mined supply in one day - Cointelegraph Posted: 19 Jan 2021 01:02 AM PST
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