Cryptocurrency Please review the rules |
- Please review the rules
- Daily Discussion - February 8, 2021 (GMT+0)
- Dogecoin produces 10,000 coins per block at a rate of roughly 1 block per minute. That's around 14m coins per day. Let's see how long you can sustain a pump with those numbers against you.
- Tesla has bought $1.5 Billion worth of Bitcoin according to recent SEC Filing
- Sold eth at ATH, paid off my debts for transport.
- So, I sold out and I couldn't be happier right now.
- Tesla Invests $1.5 Billion in Bitcoin, Plans to Accept BTC as Form of Payment
- ELON MUSK is gonna get millions of people REKT!
- Elon is trolling the full Cryptocurrency space by demonstrating that simply tweeting can push a crypto in to the top ten.. and it's working.
- Tesla (TSLA) has bought an aggregate $1.50 billion in bitcoin
- Stop telling newbies that doge is a bad investment because of its infinite supply. That's not the real issue
- It's not too expensive, and you're not too late.
- Tesla Invests $1.5 Billion in Bitcoin, Plans to Accept Cryptocurrency
- If you made profit...Well done, you've won. Don't Regret it!
- I'm seeing a lot of people on this sub who really don't understand crypto at all. That's okay. It is our job to educate them.
- Bitcoin just smashed through to a new all time high!
- Tesla buys $1.5 billion in bitcoin
- Unpopular opinion: DOGE is fun, but is actively delegitimizing the crypto space
- Be sceptical of those predicting 20x, 50x, 100x...
- Road to being a crypto millionaire
- Cardano: IOG reveals world's largest blockchain deployment in Africa
- Earn Cryptocurrency While Learning | CoinMarketCap + Answers for all Quizzes
- At this point, there is more news about DOGE than BTC.
- Bitcoin Cash no longer a top-10 cryptocurrency after being hounded out by Dogecoin
- Elon Musk is a billionaire playing games
- XRP continues its downward spiral, now out of the top 5 as Polkadot over takes it.
- My Joke Cryptocurrency Hit $2 Billion and Something Is Very Wrong - Doge Creator - Jan 2018
| 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 8, 2021 (GMT+0) Posted: 07 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]  | ||
| Posted: 07 Feb 2021 12:28 PM PST Honestly, I don't really mind pumping coins, particularly joke coins like Doge. But if I see another post from someone saying "but what if Doge is the next Bitcoin" I think I'll crack! You can only pump a coin like Doge so far! I'm seeing people saying "what if it gets to $100 or even $1000?". Do they have any idea how many of these coins are in circulation?! Part of the whole joke of Doge was its rediculous supply cap and real terms inflation, with literally billions of new coins being generated annually. You can only sustain the upwards trajectory of something like that for so long... If you're a newbie playing with Doge, these is a huge chance your going to lose next to everything. The actual coin is designed to lose "value", the fundamental function of the coin is actively working against you! [link] [comments]  | ||
| Tesla has bought $1.5 Billion worth of Bitcoin according to recent SEC Filing Posted: 08 Feb 2021 04:45 AM PST TESLA - EXPECT TO BEGIN ACCEPTING BITCOIN AS A FORM OF PAYMENT FOR PRODUCTS IN NEAR FUTURE, SUBJECT TO APPLICABLE. TESLA INC - IN JAN. 2021, INVESTED AGGREGATE $1.50 BILLION IN BITCOIN TESLA - MAY ALSO INVEST PORTION OF CASH IN SOME ALTERNATIVE RESERVE ASSETS INCLUDING DIGITAL ASSETS, GOLD BULLION, GOLD. It is Finally happening. We have all been right all along, I guess. NOW it's time to HODL this whole decade, you guys! I am excited. I hope you are too. [link] [comments]  | ||
| Sold eth at ATH, paid off my debts for transport. Posted: 07 Feb 2021 11:15 PM PST I am by no means a big fish in crypto but I tend to read lots of related stuff here on reddit and on telegram. Since 2018 I used to buy fractions of eth since I could not afford to buy a whole eth at once, yeah, us who live and work in eastern Europe doesn't earn as much as western people. Majority of my salary was for covering flat rent, gas and transport fees, food and the tiny bits of what's left - crypto. Just a year ago I got my motorcycle driver license and of course being this dumbfounded youngster I went for the goods that are out of my wage: I bought well kept vintage Honda motorcycle (Sabre, 1985). With the profit that I gained from eth I have finally paid off my debt and not only that but I was also able to buy a proper gear and clothes to ride safe! I read stories here that some people pay off they mortgage or studies, some even are able to buy realy expensive things but things here are different. I am happy with what I was able to do! A big thanks for this community. [link] [comments]  | ||
| So, I sold out and I couldn't be happier right now. Posted: 07 Feb 2021 11:24 PM PST
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| Tesla Invests $1.5 Billion in Bitcoin, Plans to Accept BTC as Form of Payment Posted: 08 Feb 2021 04:57 AM PST
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| ELON MUSK is gonna get millions of people REKT! Posted: 07 Feb 2021 02:59 PM PST Like seriously. WTF is wrong with this guy? I like him and stuff for all the work he is doing. Hell. I have read his biography and admire him deeply for all the work he is doing. He is my man crush too. However, I fucking hate him for all the DOGE shit he has been doing lately. So many people gonna get trapped and end up wasting their life savings in that crap. I checked top ownership wallet and more than 40% off stack is owned by one single wallet and 20% by top 10 wallets. All "normal" day to day folks own the rest 40%. Check one single wallet owning 36,812,356,144 DOGEcoins worth 2,636,273,792 USD And, then right away imagine that guy dumping all at once. Other 20 addresses combined owns another 1.8 billion USD. Once these guys dump their load, it's gonna come massively down. Honestly, DOGE bubble is gonna burst heavily than GME bubble. That's what I and one of buddy who have been in crypto space for 9 years think. I think all of this is planned and highly doubt the top wallet owner is Elon himself. Guy has done many crazy shit in his life and I won't be surprised if he owns millions/billions worth DOGEcoins. Also, doubt top wallet owners are paying celebrities for pumps. Don't play with fire guys! Be safe with your money. PS: I went in during the pump a week ago and came out with 30%. Went again a couple of times because of greed and came out with -5% twice. Removed DOGE from my favorites in Binance and never looked back as it seems highly and heavily manipulated. [link] [comments]  | ||
| Posted: 07 Feb 2021 04:46 PM PST As a avid follower and supporter of both crypto and musk, I don't think the Doge fans quite realise that he's taking them and all crypto for a sarcastic ride. If you've followed Elon's thoughts on crypto you'll know he's long been a cynic.. even at a time when he was applying his cunning satire to make out he was a doge fan. Recently many could have been mistaken for thinking Elon has had a change in heart towards crypto.. I was the same. However his consistent shilling of Doge is making it clear that it's just Elon's warped sense of Twitter humour at play and by pumping doge in tweets he's just taking the piss out of doge and crypto at the same time. In someways he's correct.. when the world's richest man can pump a meme coin in to the top ten largest cap coins by simply tweeting.. it is slightly embarrassing. A lot of innocents are going to get burned when the doge gets an injection of reality putting it down. When that happens.. not one f**k by Mr Musk.. who doesn't hodl any crypto let alone doge.. will be given. As much as I admire the guy.. he is taking the piss out of crypto here. [link] [comments]  | ||
| Tesla (TSLA) has bought an aggregate $1.50 billion in bitcoin Posted: 08 Feb 2021 04:45 AM PST | ||
| Posted: 07 Feb 2021 11:12 PM PST If you compare doge to another project, let's say ethereum, they both have similar inflation rates and infinite maximum supply. So does this mean ethereum and doge should be on the same level? Obviously not, they serve different purposes. One being a base for an entire crypto eco system, and the other being a fun introduction to crypto for most people. Fiat currency has an infinite supply, and this is "normal" for most people. Obviously most of us believe this is not good, but its hard to convince someone who is new to crypto that it isn't. Everyone with experience in this market knows the rises like doge had recently are not sustainable in the long run, but I believe all type of publicity is good for crypto in this case. Our job is to caution new comers, and thats all. We shouldn't think of ourselves as the safekeepers who need to protect newbies for their own good. That comes of as arrogant and makes us just look like we're salty our coins aren't pumping. Many people will get burned, and some may never come back. But some will reevaluate their decisions, and will become exposed to the wold of crypto which will drive growth in the long term [link] [comments]  | ||
| It's not too expensive, and you're not too late. Posted: 07 Feb 2021 05:14 PM PST In 2010, buying bitcoin was "too difficult", so many people just brushed it off as something only the tech-savvy people can do. In 2015, many people said buying crypto is "too risky", and you are very likely to lose your money if you buy bitcoin or any other altcoins. Today many of you say that buying in is way too expensive now. I kind of understand it, but DCA is a great alternative.
You can also wait to buy the dip, and we all urge you to do that instead of buying the ATH. Remember to buy low and sell high. And always do your own research. But please don't ever allow yourself to be that guy in 2025 that says it's too late to invest in crypto. You've been warned. [link] [comments]  | ||
| Tesla Invests $1.5 Billion in Bitcoin, Plans to Accept Cryptocurrency Posted: 08 Feb 2021 04:56 AM PST
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| If you made profit...Well done, you've won. Don't Regret it! Posted: 08 Feb 2021 12:58 AM PST So I've been trading with crypto for some time and everyone has noticed a huge wave of newbies getting into the crypto market. Especially with the DOGE coin trending on social media. People sometimes say, "Aw man, if only I held on longer then I would've got more!". STOP IT. This thought can LOSE YOU MONEY. I have seen people with not just crypto, always beat themselves down that they only made like 20% profit instead of 60%. If you do this, you could actually lose money on your next investment with this mindset. For example with the XRP Crypto. I've seen people go, "Man, I pulled out early. But I'll rebuy it and maybe it'll continue to raise." and then all of a sudden drop back down to 0.39 and they lost everything they've earned. I bought DOGE at .037 and sold it at .054. Now it reached .078 recently. Do I regret it? No. Because it's soo damn easy for things to turn upside down. It dropped to 0.28 not long ago. Despite the unstable background and info on the DOGE coin, 054 was a good time to pull out, and the moment I did, It dropped down to .42! People sold their bitcoin years ago and made themselves hundreds to tens of thousands of dollars. I've seen people save themselves from a terrifying medical bill or completely paid off their student debts thanks to their early investment. That is a success! You wish you could've stayed a bit longer when you're out and looking back on it. But it's a completely different thought process when you're actually involved and got your money riding on it. Nobody has a crystal ball to predict that it can shoot up, and anybody who says, "LOL pathetic paper hands you shouldn't have sold idiot" are likely liars, foolish, gamblers with barely any understanding of how the investment/crypto world works. Ignore them. Never compare your success to others. Stories of people making +1000% in a short amount of time are soo damn rare. No matter how big or small. If it's $20 Profit or $2000. If you're up and got out. You've won. [link] [comments]  | ||
| Posted: 07 Feb 2021 09:13 PM PST "Our" meaning crypto veterans. Yeah, plenty of people are here because of pumps like Doge or XRP. Yeah, plenty of people are here just to try making some quick money. Yeah, plenty of people are here because they wanted an alternative to GME and other "stonks". It really doesn't matter why people are here. What does matter is educating them. The last thing we want is for them to get discouraged for any reason and decide crypto isn't worth their time/effort. It behooves us all to help each other. [link] [comments]  | ||
| Bitcoin just smashed through to a new all time high! Posted: 08 Feb 2021 04:58 AM PST Bitcoin is exploding as I write this post. As of now, it is around $43.1k! I think this is the beginning of the next bull run up to 50k and beyond. If you look at the charts, it has found resistance levels all along but has found a way to dip then smash through them. What do you guys think is next? Do you think we will have 100k Bitcoin by the end of the year? [link] [comments]  | ||
| Tesla buys $1.5 billion in bitcoin Posted: 08 Feb 2021 04:53 AM PST
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| Unpopular opinion: DOGE is fun, but is actively delegitimizing the crypto space Posted: 07 Feb 2021 11:06 AM PST Let me preface this by saying I have made bank off DOGE (bought 925k at ~0.023, check my last post) and that I love the memes and the community. As you all probably know, DOGE has now hit the mainstream media big-time and is making waves in the financial space, drawing in new faces by the thousands. This is fun and all, but I'm worried it's detrimental to the overall health of the cryptocurrency space, and might also have something to do with the correction we're currently in. For most of you regulars in here, DOGE is simply a meme that is fun to trade, but for a lot of people, DOGE is a genuine investment. I have already had discussions with several people about the potential price targets for DOGE, where they're trying to make the case for a $100 price target, which even long-term is extremely unlikely. Other people that are new to crypto in facebook groups genuinely ask what we think about DOGE as a long-term investment, like they would for BTC, ETH and other solid projects. Here's an example of someone genuinely believing the technology behind DOGE is "fantastic". People are risking their family savings investing in DOGE, not knowing it's likely to dump once the hype staves off. Presumably most here would know that DOGE has no maximum supply or halving mechanism, so it'll keep printing coins into infinity, essentially reducing the value of the coins held by hodlers as soon as the demand lowers. It has no inherent value beyond its memes and community, and so for long-time traders seeing that DOGE is still rallying while everything else is dropping, is creating major uncertainty. Additionally, various celebrities are actively tweeting about DOGE, skyrocketing its price, rendering technical analysis completely obsolete. How are you supposed to make good buys if fundamentals and technical analysis no longer matters? Also, at this point, one single hodler currently sits on 28,72% of all DOGE in circulation. The top 16 bagholders have over 50% of all DOGE. That is an issue. Make of this what you will, but for me, I think that this is a major issue that we need to address. I want cryptocurrencies to succeed as they're precisely what we need in the world right now. As opposed to Robinhood, cryptocurrencies actually democratize finance, and thus the world, so it's extremely important we do our best to make sure cryptocurrencies are taken seriously. [link] [comments]  | ||
| Be sceptical of those predicting 20x, 50x, 100x... Posted: 07 Feb 2021 09:45 PM PST Let me start by saying that I am bullish on crypto as anyone can be. That said, please be sceptical of those predicting 20x, 50x, 100x... When they give you those numbers either it is a clickbait or they want you to believe those numbers are an easy target because they have planned their exit at a much lower price. We used to see these same predictions back in September/October 2017. I am not saying we are close to the end of this bull cycle, but it will climb slower than most think and the end of the cycle is unpredictable. Be careful out there. [link] [comments]  | ||
| Road to being a crypto millionaire Posted: 07 Feb 2021 11:09 PM PST As the title says, I decided in late December last year that my goal for the year was to become a crypto millionaire by December 31st. The first month so far has been decent but not anything worth writing home about, a lot of DCA and relatively conservative trades by crypto standards; but over the next few months I'll have to be more aggressive if I have any chance to hit my goal come Christmas. Here's the stats so far: Main Holdings- ADA Makes up probably the largest portion of the portfolio right now, very bullish about the future of this coin. Between making headway in Africa and the Defi future it has I can see this being in the $3-5 range by the end of this bullrun. ETH Outperformed BTC last year and I expect that the trend will continue this year too, own a couple of them and plan to DCA more into it over the course of the year. Eth 2.0 literally could not come faster. Gas fees be killing me. BTC The king. The first mover. Nuff said. Need to add more only at 0.03 big rip. Lol just kidding I lost it in a boating accident. VET A slow mover but I expect it to take off by the summer, risky play with high reward potential, will continue to add and keep an eye out for points to buy dips. UNI Defi darling. The unicorn. I see uniswap as an exchange that's here to stay, my only regret is not getting in sooner so I could get that sweet sweet airdrop. Again, gas fees please. Current status is about 10K total. Long way to go, but a lot of the year left, so let's see where this goes! Any advice, kind words, and coin shilling is of course always appreciated 😉 Appreciate any feedback! 👀👀👀👀 [link] [comments]  | ||
| Cardano: IOG reveals world's largest blockchain deployment in Africa Posted: 07 Feb 2021 02:07 PM PST This could be potentially huge for Cardano and cryptocurrency adoption in general Cardano: IOG reveals world's largest blockchain deployment in Africa (from Crypto News Flash website) February 7, 2021 John O'Connor, Director of African Operations at IOG, announced what promises to be mainstream blockchain adoption in Africa. Despite not being able to show much yet, he says "we are at the final stages of a large government contract which would have multimillion users being onboarded into the platform for a real world blockchain implementation...". The project will be a decentralized identity solution based on the Cardano blockchain that will allow people to own their personal data and interact with organizations seamlessly, privately and securely*,* which would be, in O'Connor's words, "...the largest (real world use case) blockchain deployment done anywhere" The article also mentions a second project in Tanzania close to being finalized. This project will focus on providing Internet access to people who do not have it. IOG planning to attract 100 million users in the first stage of these projects from countries like Ethiopia, Tanzania, South Africa, Kenya and Nigeria P.S: It won't let me post the link to the article [link] [comments]  | ||
| Earn Cryptocurrency While Learning | CoinMarketCap + Answers for all Quizzes Posted: 08 Feb 2021 12:40 AM PST
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| At this point, there is more news about DOGE than BTC. Posted: 07 Feb 2021 06:21 PM PST
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| Bitcoin Cash no longer a top-10 cryptocurrency after being hounded out by Dogecoin Posted: 08 Feb 2021 04:32 AM PST
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| Elon Musk is a billionaire playing games Posted: 07 Feb 2021 05:05 PM PST Musk got in trouble for tweets which influenced the price of Tesla shares. He pushed the boundaries and got in trouble pretty quickly. It was never about money, it was literally about memes and taking the piss out of the situation. Now he's moved onto Doge, except this time he can't get into trouble due to the nature of crypto. So what happens? He doubles down on his comments. He triples down. There are no limits. It has never been about money for HIM but it's about money for YOU. He has no interest in making himself rich and that should be a huge red flag. Want proof of this? Musk sold almost all of his personal possessions and spoke about it in depth on the Joe Rogan podcast. He doesn't care about money and it's soooo obvious. The amount of times I've seen comments like "you don't think Elon loaded up on Doge?". No, I don't think he owns a single Doge. Even if he does he does not care if it tanks 99%. What will be his next move? It will be whatever makes him laugh the most NOT what will line his pockets. Stop comparing him to other billionaires who's sole purpose in life it to accumulate wealth. MUSK IS NOT LIKE THIS. [link] [comments]  | ||
| XRP continues its downward spiral, now out of the top 5 as Polkadot over takes it. Posted: 08 Feb 2021 03:51 AM PST Puts on a smile on your face to see this faux-crypto continue to slide out of the top 5 and i think, soon, out of the top 10. I think this is bullish for decntralization, its bullish for crypto, and a clear sign that the market is maturing. I think its a bit worrisome to have tether have such a high marketcap, but their dominance on the stable coin market is on the decline as well. [link] [comments]  | ||
| My Joke Cryptocurrency Hit $2 Billion and Something Is Very Wrong - Doge Creator - Jan 2018 Posted: 08 Feb 2021 04:22 AM PST
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