Cryptocurrency Daily Discussion - February 10, 2021 (GMT+0) |
- Daily Discussion - February 10, 2021 (GMT+0)
- Join the Crypto Currency discord server
- Tesla has made more money holding bitcoin than it has selling cars
- If you ever feel bad about not buying Bitcoin in the early days...
- Top 101 Coins Grouped by Usage/Purpose
- Hard work doesn't pay off, invest! ��
- My Mortgage lender had no idea what cryptocurrency is.
- Zoom out and chill
- If you invested $1000 in various assets in 2010, today you would have...
- Everyone is a genius in a bull market.
- Monopoly literally teaches you why crypto is the future.
- Cardano (ADA) Overtakes Ripple (XRP) to Become Fourth Largest Crypto
- Why you should pay more attention to IOTA
- Sixty lesson Princeton course on Bitcoin and cryptocurrency technology. Avg length ~15 mins. Links in post.
- An account claiming to be a Tesla insider posted on Reddit a month ago about how the company was buying Bitcoin. Turns out it was just a random German guy who was tripping on acid and predicted the future.
- Be careful of celebrities, when it comes to crypto, some things are not as hard to predict as you think.
- Why you should pay more attention to NANO
- Monero, the true cypherpunk cryptocurrency, is giving away 3 Teslas to charities
- Bitcoin ‘Can’t Be Stopped’: Nigerians Look to P2P Exchanges After Crypto Ban
- Why the Warren Buffet indicator could be the most important indicator for cryptos investments!
- $NANO - After getting pulled into crypto from the WSB and Doge memes, $NANO seems like the smart play as far as the future goes
- A criminal case was filed against 2 entrepreneurs for setting up Bitcoin ATM in Bangalore, India. Today the High Court dismissed those charges and freed them from the allegations.
- I think that many people don't take the advice "don't put in more than you can afford to lose" seriously enough
- Don’t wory so much about Cardano being competitor to Ethereum. It is not only about that.
| Daily Discussion - February 10, 2021 (GMT+0) Posted: 09 Feb 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:
Useful Links:[link] [comments]  |
| Join the Crypto Currency discord server Posted: 09 Feb 2021 09:57 PM PST Join us here: https://discord.gg/invite/cryptocurrencyofficial Crypto Discussion
Q&A
Hangout in our LIVE voice channels. Discord Platforms: Windows / Mac / Android / iOS Popular Discussions: Bitcoin BTC, Ethereum ETH, Link, Binance, DEFI, Decentralised Finance, XLM, XRP, YFI, Uniswap, DEX, SNX, Bitmex, Lev Trading [link] [comments]  |
| Tesla has made more money holding bitcoin than it has selling cars Posted: 09 Feb 2021 05:07 PM PST For a company with such a high market cap, this statement is really saying something. As more and more companies realize the net benefits for holding bitcoin, the more institutions will adopt it as a reserve asset. The future is bright! [link] [comments]  |
| If you ever feel bad about not buying Bitcoin in the early days... Posted: 09 Feb 2021 06:27 PM PST Just remember that if even you did, there's an extremely high probability that you wouldn't have held on to it. You probably would have spent it, or lost it, or had it stolen. Then you'd feel even worse than you do now. [link] [comments]  |
| Top 101 Coins Grouped by Usage/Purpose Posted: 09 Feb 2021 02:02 PM PST I was sort of shocked I couldn't find this data basically anywhere (or where it was available, it was usually only for a list of like 10 coins). So, without further ado, here is a breakdown of the current top 101 coins by market cap, grouped into buckets based on their usage/purpose. Note: Inevitably some coins try to 'do everything'. I limited each to only being listed once, so things are grouped by whatever their perceived or advertised primary purpose is, even if they theoretically can do more than that. (For example, probably 75% of the entire top 100 list has 'dApps' listed somewhere in their description, but it is not the main point they advertise on, at least currently, for many of them) Store of ValueThere's only one true asset in this category, and it's not one that intended to be here. Bitcoin was originally designed as digital currency, but insanely high transaction fees, changes in expectation over time, etc. have really morphed it into an asset more akin to gold or other asset stores. (AKA: It's an investment, not really for spending directly, and has limited other direct use.) Digital CurrencyWhat Bitcoin originally wanted to be, this is a category filled with Bitcoin spin offs and new tech focused primarily on cheaper, faster transactions. The use cases range from every-day purchases to more massive actions such as major cross-border intra-bank transfers. ( It's worth noting about half of this list also offers smart contracts as well ( or plan to soon ), but thus far have been primarily notable for general transaction speed/currency use. ) Smart Contracts/Distributed ApplicationsThis is going to be a long list. Smart contracts/dApps are pretty clearly the most exciting 'generic' use for Blockchain/Crypto Currencies by many people's viewpoint, opening the doors for a lot of unique applications and financial structures. Essentially everyone in this category is gunning for Ethereum's spot, and the competition is hot and heavy all the way down the top 100 list, with every entry trying to put their own spin on it. StablecoinsThese are tokens that attempt to stay pegged to some real world kind of value (generally USD) via various methods. Pretty straight forward, and mostly varies by what network/exchange you're on. Exchange TokensThese are tokens that primarily are associated with some kind of crypto-currency exchange, either Centralized(CEX) or Decentralized(DEX). A few of them also try to serve other purposes (Usually as Digital Currencies), but at heart being used as an exchange token is their most notable point, and they will largely rise and fall based on the success of their related exchange. Alternative Exchange TokensThese are tokens that are related to the crypto trading markets, but aren't really proper exchange tokens. Basically for exchange-esque activities, or offering only a specific, narrow type of alternative trading. Extra-Blockchain Communication/TransfersThese tokens/networks exist primarily to solve the problem of communicating between different blockchain networks/the non-blockchain world, and the transfer of assets across said barriers. (Ex. The Oracle Problem) Lending/Banking/Yield FarmingThese tokens and networks focus around making trustless lending and banking (savings accounts) possible, and yield-farming via said lending. Generally speaking, they work via encouraging users to stake/lock up digital collateral from other networks into their own, giving the users the network's own tokens as the loan balance and/or paying the user tokens for other users borrowing their assets. Privacy CoinsFairly self explanatory, these primarily exist to keep as much data about the network/transactions/wallets as anonymous as possible. They've obviously gotten a bad rep at times as being used often for illicit activities, but there's nothing inherently wrong with wanting privacy either. OtherThese coins/tokens have largely unique use cases, that leave them without many/any direct competitors in the top 100. Whether they go up or down is going to be mostly based on if their use cases actually exist and if they can succeed in filling them correctly. A few of these are gunning towards long term moving into the more general categories, but at least currently book themselves as having a more narrow focus. N/A - Wrapped AssetsThese are 'wrapped' versions of other assets (Bitcoin) floating around other networks for use on said networks. There's generally limited reason to directly invest in these when you could invest in their more liquid base asset. (Ex. You'd only buy them to use them in some specific DApp/etc, not just hold them in a wallet generally) Cheers, thanks for the read. [link] [comments]  |
| Hard work doesn't pay off, invest! �� Posted: 09 Feb 2021 10:17 PM PST Work a 9am-5pm job accompanied by a lot of deadlines and stress. Bend over backwards to achieve crazy goals by working long hours and sacrificed social life. After many years of dedication and exemplary work a management position opened, applied for position but was rejected because nobody could do my existing job and position was given to an outsider with no experience! Nobody ever tells us doing hard work does not always pay off. I invest to break free from the chains, and with crypto it'll be a lot sooner. Thank you for reading. [link] [comments]  |
| My Mortgage lender had no idea what cryptocurrency is. Posted: 09 Feb 2021 06:37 PM PST |
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