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    Cryptocurrency Daily Discussion - February 28, 2021 (GMT+0)

    February 28, 2021

    Cryptocurrency Daily Discussion - February 28, 2021 (GMT+0)

    Daily Discussion - February 28, 2021 (GMT+0)

    Posted: 27 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:

    • 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 The prior exemption for karma and age requirements is no longer in effect.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:

    submitted by /u/AutoModerator
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    This Week In 2 Minutes

    Posted: 27 Feb 2021 02:00 PM PST

    Life of a crypto investor

    Posted: 27 Feb 2021 03:53 PM PST

    It’s harder than it looks

    Posted: 27 Feb 2021 06:51 PM PST

    Doing my own research before loading up on alts

    Posted: 27 Feb 2021 05:24 PM PST

    We all hodl our breath

    Posted: 27 Feb 2021 07:33 PM PST

    And now I'm broke as hell

    Posted: 27 Feb 2021 09:12 PM PST

    No place for Fiat in my portfolio

    Posted: 28 Feb 2021 02:16 AM PST

    Bitcoin is lit

    Posted: 27 Feb 2021 08:41 AM PST

    My precious

    Posted: 27 Feb 2021 08:56 PM PST

    Palms are sweaty, knees weak...

    Posted: 27 Feb 2021 04:10 AM PST

    My luck so far

    Posted: 27 Feb 2021 03:48 PM PST

    When you ask for price predictions in r/Bitcoin

    Posted: 27 Feb 2021 11:40 AM PST

    Sharing my tips with everyone here especially to those who are new to crypto

    Posted: 27 Feb 2021 12:45 PM PST

    Hi all, I work in the Finance industry and have been trading stocks and crypto for years now. I would like to share some of my tips and knowledge here, hope you like them!

    Guides:

    Stick to your personal trading rules and ignore noise/hype.

    Don't FOMO into a coin. Price always pulls back so never chase the pump and never buy at the top. If there's nothing to buy. Wait for a good entry. Let the pump come back to you.

    Expectation: you won't get rich overnight. After buying a coin, don't expect it to double overnight. Just be very patient with a coin before considering selling it. Just remind yourself why you bought the coin in the first place!

    The crypto market is unpredictable, anything could happen.

    I wouldn't recommend leverage trade/ shorting now - We're in a bull market now so it's not wise to take extra risk to leverage trade or short the market.

    Remember: most traders lose money, and the richest people in the world you know are long term investors, not traders.

    I have made much more money by investing mid-long term than going 20x on trades thinking I'll get rich overnight.

    We're in the middle of a bull market now and I don't think we're at the top yet. There's still money to be made but don't expect you can 100x your money, though I believe 10x is still quite possible.

    On that note, just focus on finding your 10x coins rather than aiming for a 100x moon coin, it's just unrealistic now. The time to make 100x is gone. Prepare to buy in the next bear market to prepare for the next bull cycle, that's how people make 100x.

    Exit strategy:

    While it's fun and exciting when we're in the middle of a bull run. But remember, this bull market won't last forever. While it's good to take advantage of this opportunity to make life changing money, don't forget to plan your exit strategy. Always remember to take profits.

    For example: if you're lucky enough to make 10x. Take some out and put it in Btc/ Eth for long term investments. Take some out to a stable coin so you can rotate the profits into another 10x coin. Take some out to fiat so you can enjoy your money. Leave 5-10% in the original coin in case it will still moon. Have a plan!

    Know when to sell:

    Write down your price target when you buy a coin so you can ignore noise, FOMO and emotions down the track. When the coin is approaching your price target then start shaving off the profits. Remember: you don't have to sell the whole thing, you can always sell 10%—20% to take some profit out.

    You can dollar cost average in, and you can always dollar cost average out.

    Above is not financial advice.

    Thanks guys for reading. Hope the above helps and hope we all get rich.

    PS: It's my birthday today so please upvote this post if it offers some value to you. 😊😊

    submitted by /u/daranma
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    Someone just deployed a smart contract based on the Tiananmen Square massacre on Binance Smart Chain

    Posted: 27 Feb 2021 09:03 PM PST

    There has been contention in recent weeks between users, supporters of, and developers of the Binance Smart Chain and decentralized blockchains like Ethereum.

    Proponents of decentralization aren't happy that CZ and Binance dishonestly promote their network as decentralized and 'DeFi', with a number of rumors about just how many of BSC's 21 nodes are operated by Binance (some say 11, others have said all 21, some say just a few).

    After CZ has started bashing Ethereum and artificially infalted ETH gas fees by making all withdrawals pay 10-30% more than ETH gas station's 'highest' rate, it appears that proponents of decentralization have struck back.

    They've launched a DeFi/farming app on BSC about the Tiananmen Square massacre, presumably to force CZ to remove it and end BSC's charade as a 'decentralized' blockchain.

    Here is the smart contract address: https://bscscan.com/token/0xb79c9c73e8c7b4be7244e697e6bdb9f511208e9c

    This is an interresting test of a 'decentralized' system to see whether Binance removes the smart contract or risks getting on the bad side of the Chinese government. I'm curious to see how BSC reacts and if they try to retaliate somehow.

    submitted by /u/new_start_2020
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    This didn’t aged well

    Posted: 27 Feb 2021 10:29 PM PST

    Every time I check on Doge

    Posted: 27 Feb 2021 10:19 PM PST

    The current situation

    Posted: 28 Feb 2021 01:40 AM PST

    I´m doing my duty

    Posted: 27 Feb 2021 09:49 PM PST

    Power of Blockchains! $50K transferred in less than a second, zero fees, no middlemen.

    Posted: 28 Feb 2021 01:17 AM PST

    This tutorial is followed by every Crypto YouTuber

    Posted: 27 Feb 2021 05:04 AM PST

    It's not as clear cut

    Posted: 27 Feb 2021 05:22 PM PST

    When you buy both ETH and ADA

    Posted: 27 Feb 2021 11:03 PM PST

    Trying to explain it to my girlfriend.

    Posted: 28 Feb 2021 01:28 AM PST

    I'm an expert!

    Posted: 28 Feb 2021 01:28 AM PST

    Winning

    Posted: 27 Feb 2021 05:07 PM PST
    Read more
    at

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