Cryptocurrency Please review the rules |
- Please review the rules
- Daily Discussion - February 4, 2021 (GMT+0)
- Report: Bitcoin Overtakes Gold in the U.S. as the 4th Most Popular Investment Vehicle
- To all Indian crypto traders and HODLers, mail your member of parliament to show your support against the bill to ban cryptocurrencies
- Elon Musk reminds me of a rich billionaire who throws a wad of 100's into traffic and watches poor people scramble for the cash while a bus can hit them at any moment.
- Ethereum hitt new ATH of $1600 !!!
- This doge situation is seriously damaging to crypto
- It's too late to get into crypto.
- ETHEREUM is now ranked among the TOP 50 assets by market capitalization globally!!!
- Robinhood is down to 1/5 stars on Google Play
- MISSION ACCOMPLISHED: Cardano is delighted to report that since a few hours ago, the Cardano Testnet is officially in the multi-asset era.
- Understanding market cap, circulating supply, max supply and why the price of a coin is the least important thing to Care about in terms of where the value of a coin is headed.
- An Analysis of the ETH Pump
- Petition to ban all doge posts for 12-24 hr. after Elon Musk tweets about it (including this one). Leave it on twitter.
- Musk is NOT doing us a favor, be careful out there
- Big Pump And Dump Alert on Doge after Elon Musk Tweets, Be careful!
- I’m not retired and I can’t afford a luxury car, but crypto paid for my wedding!
- Mark Cuban Tells Stock Traders That Bitcoin Hodlers 'Are a Great Example to Follow'
- Welcome Crypto Newbies. Before you throw your tiny savings into Dogecoin or any other PnD scheme, here is your lession number one: Understanding Blockchain.
- PayPal is investing in a new business unit focused on crypto and digital currencies
- Today I took some profit to fund my dream of starting my own game dev studio!
- Avoid the DOGE pump and dump.
- Informational post on dogecoin for the new people who are experiencing cryptocurrency for the first time: Do not hold expecting it to go to a dollar!
- Doge soars again after Elon Musk tweets. Will this madness ever stop?
- Four years ago, I bought my BFF’s 8 year old son 0.4 ETH as a birthday present. It cost me $100 Canadian (about $75 USD).
- Elon Musk has always been an inspiration to me, but if he could stop pushing Doge now that would be great. All he is doing is taking away from a lot of the hard work that has been accomplished in this space and taking the mockery out of it. Smh ...
| Posted: 03 Feb 2021 02:51 PM PST Welcome to all the new folks, and the old folks too. With the influx of new users, we'd like to remind everyone to please review the rules. You can find the complete set here: https://www.reddit.com/r/CryptoCurrency/wiki/expanded_rules A few highlights because they are kind of long:
Finally, we added a new rule relatively recently:
We haven't asked anyone for proof-of-gainz the last few days, but if you're going to post a sob story or a success story, please be prepared for the eventuality that we may actually ask you for proof and ban you if you don't deliver. Have fun and be nice :) [link] [comments]  | ||
| Daily Discussion - February 4, 2021 (GMT+0) Posted: 03 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]  | ||
| Report: Bitcoin Overtakes Gold in the U.S. as the 4th Most Popular Investment Vehicle Posted: 03 Feb 2021 09:42 PM PST
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| Posted: 03 Feb 2021 11:16 PM PST As you already know a new bill is being introduced in the Lok Sabha that contemplates a ban on cryptocurrencies in India. While the scope of the ban is unclear, it is going to adversely impact our nascent crypto community. Before any ban is passed in haste, it is critical that the most important voice is heard - and that is YOURS. Please write to your local Member of Parliament and let them know that #IndiaWantsCrypto. Use this website to ease the process of mailing. This website was created by WazirX. Let's do our part! #IndiaWantsCrypto Please share this. Edit: For those who want to know more about this.Link [link] [comments]  | ||
| Posted: 04 Feb 2021 04:02 AM PST Anyone kinda disturbed by his behaviour? He clearly knows what he's doing but seems to enjoy the affect it has on people. He's toying with the young and the ignorant and he seems to get off on it while drunkenly watching from his mansion. [link] [comments]  | ||
| Ethereum hitt new ATH of $1600 !!! Posted: 03 Feb 2021 08:00 AM PST
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| This doge situation is seriously damaging to crypto Posted: 04 Feb 2021 12:31 AM PST Elon Musk literally tweeting 'Doge' and it skyrocketing the way it has is just giving more reasons for governments to take legal action against crypto. So many will lose money from this and any credibility Elon Musk has about crypto will be gone. The whole doge thing is funny, sure, but I'm not sure we want mainstream media using it to define crypto as a literal joke. [link] [comments]  | ||
| It's too late to get into crypto. Posted: 03 Feb 2021 11:21 AM PST It's 2011. BTC has recently hit $32. I tell myself "Damn...I should have bought some when it was $0.50 a BTC. $32 is too expensive. Guess it's too late to get into crypto." BTC later falls to $2 and I don't buy any. It's mid-2013. BTC has recently hit $220. I tell myself "Damn...I should have bought some when it was $32 a BTC. $220 is too expensive. Guess it's too late to get into crypto." BTC later falls to $70 and I don't buy any. It's late 2013. BTC has recently hit $1100. I tell myself "Damn...I should have bought some when it was $220 a BTC. 1100 is too expensive. Guess it's too late to get into crypto." BTC later falls to $315 and I don't buy any. It's 2017. BTC has recently hit 20k I tell myself "Damn...I should have bought some when it was $1100 a BTC. 20000 is too expensive. Guess it's too late to get into crypto." BTC later falls to $3700 and I don't buy any. BTC has recently hit $40000. I tell myself.... [link] [comments]  | ||
| ETHEREUM is now ranked among the TOP 50 assets by market capitalization globally!!! Posted: 03 Feb 2021 07:41 PM PST Ethereum is currently ranked #49th largest asset by market capitalization globally, sitting pretty with a market cap of $190,213,748,187. Ethereum left Qualcomm (semiconductor manufacturer), Eli Lilly (big pharma), among others, in its dust, climbing 7 rankings in the last 24 hours and 15 this week. It now sits just under Pepsi Co. source: AssetDash [link] [comments]  | ||
| Robinhood is down to 1/5 stars on Google Play Posted: 03 Feb 2021 12:47 PM PST
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| Posted: 03 Feb 2021 06:02 PM PST
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| Posted: 03 Feb 2021 04:42 PM PST Hello everyone! I've realized that a lot of people, specially new ones in this community don't really have a lot of knowledge about these terms and what each of them mean, so I decided to try to make everything clear so that people don't expect completely unrealistic things(like doge is going to reach 1000 USD) So first things first what does each of those words you find in websites like coinmarketcap and coin gecko mean? Let's understand one by one: VALUE The value of a coin is the last price someone paid for that coin, note that it doesn't need to be a "whole" coin you can buy 0.0001 coin but the value is always stated as a whole coin. EXAMPLE: 1 BTC = 37.791 USD this is how much the last BTC transaction cost to the buyer corrected for 1 BTC. ( So if he bought 0.1 BTC he paid 3.7791 USD) CIRCULATING SUPPLY This is the amount of a coin that can be exchanged at the moment. EXAMPLES: BTC = 18,618,562 ETH = 114,525,091 Note that BTC circulating supply is way lower then ETH which means there is less bitcoin in existence now than there is Ethereum(this is very important) TOTAL SUPPLY Total supply is the amount of a coin that can be exchanged + the amount that is locked(but already exists). NOT the amount that will be available in the future. MAX SUPPLY This is the total amount of a coin that will ever exist. NOTE: some coins DON'T have a max supply as there will always be new coins generated. Ex:. Dogecoin MARKET CAP Market cap is a simple multiplication of the value of a coin with its circulating supply Example: BTC: 37,791 USD x 18,618,562 = 703614076542 As you probably already know Bitcoin is the number one Cryptocurrency in existence today and that is NOT because it has the highest value, but because it has the highest market cap. That is why 62% of the crypto value is in BTC, because that's the amount of money that is invest in that coin considering the amount of coins in existence. so for Ethereum to surpass bitcoin its value DOESNT need to go 40k it needs to go to 6143 (at the current supply) Just so you guys understand how absurd is the idea of doge reaching 100 USD, were that to happen at the current circulating supply (note that doge supply is always increasing quite faster then BTC and ETH) it would have a market cap of 128 trillion dollars which is 128 times more than all money invested in all cryptocurrencies at the moment. Oh but how about 1 dollar? Then it would be 1.28 trillion which is a bit more then all the money invested now. Conclusion DON'T BUY A COIN BECAUSE THE VALUE IS LOW, check the market cap for growth but also check the technology and how other people might be interested in buying that coin as well. [link] [comments]  | ||
| Posted: 03 Feb 2021 10:27 AM PST
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| Posted: 04 Feb 2021 01:02 AM PST It's annoying and dilutes the sub. We need a 12 or 24 hr moratorium on anything Doge or BTC after Elon tweets about it. To be fair, this should apply equally to Doge and BTC since you know he's gonna tweet about both again and his power to move them is too strong. Or maybe limit it to a single post/link to the tweet and keep all discussion in that post. [link] [comments]  | ||
| Musk is NOT doing us a favor, be careful out there Posted: 04 Feb 2021 12:00 AM PST What he is doing with these manipulative tweets is ONLY hurting the credibility of cryptocurrencies. A lot of people have been hurt financially in the past weeks and he is still recklessly tweeting and encouraging people to invest in shitty meme coins. PLEASE be careful, do your own research and don't risk your money in meme coins. He can afford to make jokes but most of us cannot. Stay safe and healthy! [link] [comments]  | ||
| Big Pump And Dump Alert on Doge after Elon Musk Tweets, Be careful! Posted: 04 Feb 2021 12:43 AM PST
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| I’m not retired and I can’t afford a luxury car, but crypto paid for my wedding! Posted: 04 Feb 2021 02:36 AM PST You guys seem to appreciate stories of crypto changing your life. This isn't the typical crypto success story, but I'd say it's definitely life-changing. I didn't get in on any ICOs or even buy in at an ideal time. My profits were decent but not huge. I made plenty of mistakes that cost me. (Think twice about trying to trade!) From my investment and really just putting my extra money into crypto as savings made my wedding possible. I was actually selling most of my remaining crypto during my honeymoon to cover all of the final bills. It was bitter-sweet to say the least. It was an interesting journey for sure and I'll definitely be back at some point.. Although, I think I aged at about 2x the normal rate. Good luck everybody! [link] [comments]  | ||
| Mark Cuban Tells Stock Traders That Bitcoin Hodlers 'Are a Great Example to Follow' Posted: 03 Feb 2021 05:18 PM PST
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| Posted: 04 Feb 2021 03:34 AM PST Don't worry! It's a 4 minute video animated lesson. It is important to get some basic idea how Crypto works and I would strongly recommend to do your research before you dump your savings into something worthless. Knowledge is fun. Now prepare yourself and start learning as you have to prepare for a looong trip to the MOON. [Animated Video](https://www.youtube.com/watch?v=Y72Uq2C_lqs) [link] [comments]  | ||
| PayPal is investing in a new business unit focused on crypto and digital currencies Posted: 03 Feb 2021 06:15 PM PST
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| Today I took some profit to fund my dream of starting my own game dev studio! Posted: 03 Feb 2021 12:08 PM PST A few weeks ago I decided that when ETH got to 1500 again I would sell some and invest it into my passion game development project, and today I DID IT (can't believe my wife agreed). I have been programming on the side in unreal engine (basically my second full time job) for 5+ years and working on this particular project for more than 2 years. I was able to comfortably take out enough to fund the hardware & tools needs for the foreseeable future as well as hiring some artists and designers for the next few months of work. The game itself is a Dark Fantasy Action RPG. For more info: https://voidarenagame.com CHEERS! [link] [comments]  | ||
| Posted: 04 Feb 2021 01:14 AM PST Elon musk is again at it posting DOGECOIN memes and shilling it. He might either be willing to play with millions of people's retail investment or he might also be drunk or someother. DOESN'T MATTER. Do not FOMO again into DOGE and see what happened the last time. Especially NEWCOMERS, these kind of stuff always happen often because of these new GME retail frenzy and also expect a bunch of posts of people BECOMING MILLIONAIRES OVERNIGHT WITH DOGE. S T A Y A W A Y S T A Y I M M U N E [link] [comments]  | ||
| Posted: 04 Feb 2021 02:27 AM PST I hope everyone has a fun day tomorrow! For the new people, do not hold hoping it hits a dollar that will not happen. Be careful out there! It's all about fun! This coin has its great highs here and there due to it being a beautiful meme. The reason why people pump it and dump it is because there are 120 billion coins in circulation and more made every month. It's not profitable outside of anomalous moments like this and when it is profitable it's only if you managed to buy when it's close to its basement price. There are some great prices tonight and Elon's tweets are definitely going to affect the price tomorrow, that said if you see a nice profit and you can't afford to lose your money make sure you pull out your initial investment at an appropriate time. Doge will not be hitting a dollar tomorrow, so be careful! If you see frequent dips that is because most people are selling right away because they know this is a high moment and they happened to have coins from before this month or they bought in after it hit 5 cents or so and are trying to break even. You might not know but this coin, It was created to be a joke meme coin and the amount of coins that exist kinda force it to stay that way outside of increased meme spikes. You won't be seeing it hit a dollar because too many coins exist but if you think it's worth while to invest into you'll want to do it when it's 2 pennies or less for maximum returns. There are 300,000 bitcoins made annually compared to 5 billion dogecoin made annually. And there are only 21 million bitcoins where as there are 5700 times more doge coin. It's over inflated and it increases by 5 billion each year. So have fun! And be careful, do not go using your Bill money. Edit: Think of it this way: if you are trying to sell a cookie do you sell it to someone who has 5700 cookies or to the person who has 21 cookies? The 21 cookies guy has some rare cookies that people want. The 5700 cookie guy has too many cookies, they aren't valuable. [link] [comments]  | ||
| Doge soars again after Elon Musk tweets. Will this madness ever stop? Posted: 04 Feb 2021 02:22 AM PST
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| Posted: 03 Feb 2021 01:12 PM PST My friend is a financial advisor directing clients to various mutual funds and whatnot, as is his wildly conservative father, and they thought it was a pretty dumb gift for an 8 year old. My friend, who explained what he does for a living to his kid, tried to explain what I had done as one would to an 8 year old. What a terrible "uncle" I am! Yesterday, I sent his kid the exact amount of fiat the purchase cost at the time (withdrew $100 worth of ETH) and a note that he has made and additional $575 CAD ($450 USD) on that $100 and we'll let it ride until his dad says stop. His dad is naturally pissed at the dilemma I've created, which is a extra sweet since pissing him off makes me just as happy as his elated sons reaction to "being rich". To be clear, I'm holding the kids ETH on a wallet until he is old enough to manage it himself. Told the little shit to hodl through high school and use it to help pay for college. Best "uncle" ever. [link] [comments]  | ||
| Posted: 04 Feb 2021 04:25 AM PST
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