Cryptocurrency Daily Discussion - March 11, 2021 (GMT+0) |
- Daily Discussion - March 11, 2021 (GMT+0)
- Want a real unpopular opinion? ADA is over-hyped
- When every crash is a "dip" and every bounce is a "we have liftoff" -- that's how a frog gets boiled to death. 2017 Crumbs of Wisdom thread for Bull Runs.
- Our last wills will look really weird.
- Nano network is slowing to a crawl after a multi-week attack.
- Gary Gensler, Biden's Pick to Head SEC, Approved by Senate Committee. Great news for crypto!!!
- Bill to Exempt Crypto from Securities Laws Reintroduced in Congress
- The Greatest Guide on how to Sell Moons with HoneySwap and Bitmax to reduce Gas Fees.
- Can we all collectively agree that Binance withdrawal fees are ridiculous and do something about it?
- A Complete List Of All The Basic Useful Essentials About Cryptocurrency
- Why do all of you keep falling for bullshit sob stories?
- Goldman Sachs Predicts “Explosion” in Use of Digital Currencies
- Binance HUGE announcement: What Binance wants vs What People Want....
- Thanks to Christie's Auction House Digital Art, NFTs Are Going Mainstream
- InfoWars' Alex Jones Lost Laptop with $560 Million Worth of Bitcoin
- I have just enough Doge to buy a whole Bitcoin...
- If you want to see quality content in this sub, post quality content. Also, sort by new and upvote.
- Spanish Real Estate Agency Begins Accepting Bitcoin Payments for Properties in the Canary Islands
- Swiss Retailers to Introduce Bitcoin Gift Cards
- Senate Committee Approves Gary Gensler Causing Crypto To Soar
- To those thinking of buying Crypto from Robinhood or Wealthsimple, DON'T!!!
- I think Cardano is not what everyone think it is.... and you should be careful where you put your money in.
- Message to Ether miners who are planning 51% attack on Ethereum network against EIP-1559 proposal from User and Dapp developer perspective.
| Daily Discussion - March 11, 2021 (GMT+0) Posted: 10 Mar 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]  | ||
| Want a real unpopular opinion? ADA is over-hyped Posted: 10 Mar 2021 05:20 PM PST I strongly believe ADA is over-hyped. Over the many years there were many "Ethereum-killers" that came out from NEO to EOS to Tezos. Each time people were saying the same things like "Yes, now this is definitely the one that will replace Ethereum and I haven't missed the boat on it" and guess what they never did. This is the boat I believe ADA is in. It isn't all just about the tech. Smart contracts are currently not as big in the world to the point where superior tech makes that big of a difference (hence why all the other "Ethereum killers failed" even with better tech). Ethereum has such a huge network effect as well as first-mover advantage where I can't see it getting flipped any time soon, especially with EIP 1559 coming out in July and ETH 2.0 being fully released (within a year?). At this point, most people/whales that are buying ETH are not in it for the tech but for what it is - the second most valued crypto (and generally more stable than the altcoins). Do I see ADA raising in value in the short-term or mid-term? Probably (assuming they deliver on what they say). Do I see it ever competing with ETH in the long term? Definitely not. Let the downvotes and hate comments commence, but hey you guys wanted a real unpopular opinion lol. [link] [comments]  | ||
| Posted: 11 Mar 2021 12:31 AM PST Like many of you, I got burned by hodling too long through 2017/2018. "Hodl" is a stupid meme for newbs. I learned the hard way. So called "fundamentals" ('solid team', 'awesome project', 'upcoming partnerships') don't reflect the price in a company that received its funding before it has ever proven anything (that's the primary difference between an ICO and an IPO). Where my REQ marines at? When this bull run is actually over (and personally i don't believe that it is yet), you probably won't come to accept it until your portfolio is sitting at 50% of its ATH and your "stack" of crypto has become a "bag" you're stuck holding "until you reach XX number again--then you'll sell for sure." Here's the reality: Once the bubble pops, every crash is going to seem like a "dip" and every "bounce" is going feel like a "this is gentlemen." That's how frogs get boiled to death. Here are some principles you need to keep in mind if you want to walk away from this bull run with a fat stack of cash:
Crypto veterans what other wisdom do you want to add to this list? [link] [comments]  | ||
| Our last wills will look really weird. Posted: 10 Mar 2021 11:27 AM PST "Madam, I'm sorry for your loss, your husband left you his last will, for your eyes only." *hands note* banana contempt slice havoc future decrypt volcano cold hen parrot vice street chicken parking fair arm "I'm sorry madam, I know this must have been devastating to lose someone so close" "I'M CRYING BECAUSE HE DIDN'T SAY WHICH WALLET THIS IS" [link] [comments]  | ||
| Nano network is slowing to a crawl after a multi-week attack. Posted: 10 Mar 2021 08:20 PM PST Over the past week, a spammer has been sending tens of millions of tiny transactions to new wallets. This has been bloating the Nano blockchain which has been putting stress on the validators. They were handling it fairly well, until today. The attacker ramped up his attack and averaged 60 TPS, with bursts up to 500 TPS. This overloaded many of the nodes and they have started desyncing. Confirmation time is over 5.5 seconds and climbing fast. Before the attack, it was around 0.2 seconds. Edit: Seems like a lot of transactions aren't going through at all. Its unfortunate for the network, but fascinating to watch from a data perspective. I linked some resources below. https://nanoticker.info/ https://nanocrawler.cc/network https://nanolooker.com/ [link] [comments]  | ||
| Gary Gensler, Biden's Pick to Head SEC, Approved by Senate Committee. Great news for crypto!!! Posted: 10 Mar 2021 12:44 PM PST
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| Bill to Exempt Crypto from Securities Laws Reintroduced in Congress Posted: 10 Mar 2021 05:12 PM PST
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| The Greatest Guide on how to Sell Moons with HoneySwap and Bitmax to reduce Gas Fees. Posted: 11 Mar 2021 02:48 AM PST
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| Can we all collectively agree that Binance withdrawal fees are ridiculous and do something about it? Posted: 10 Mar 2021 03:24 PM PST Can we @ cz on twitter? Can we make a fuss about this? Some exchange/platforms are now offering free withdrawals or x free withdrawals per month, however Binance increased some withdrawal fees just yesterday. Let's see some examples: BTC - 0.0005 = $28 ETH - 0.008 = $14.4 BAT - 24 = $21 LINK - 0.6 = $18 AAVE - 0.1 = $41 A person that has $1000 between only these 5 assets will lose $122. That's over 12% in fees, around 10% in Binance favor depending on gas costs. If one has a few more coins, which is more than likely, the percentage increases by a lot. Binance want to keep coins on their exchange at all costs, we as users should complain about this. Suggestions? [link] [comments]  | ||
| A Complete List Of All The Basic Useful Essentials About Cryptocurrency Posted: 10 Mar 2021 07:43 AM PST Hello fellow frienditors. This List Will Contain Some Of The Basics Fundamentals From Whole Subreddit.From what I've read and seen here during my actuation, I've managed to dig deeper into the waters of this subreddit, so I can highlight you the most efficient and basic ones. I decided to make a decent comprehensive list about the most asked and frequently asked questions in this subreddit. I suggest you to use this list as a "brain in your pocket". You can save this list and come back to it whenever you need to. I've managed to dig deeper into deep waters to collect as many helpful resources and threads as was possible that were posted here and got a decent positive responses, so you don't have to waste your time finding them. I've collected a decent amount of all the frequently asked things in hundreds of posts but I will try to keep it simple and share here only ( in my opinion ) the most efficient ones. Bear in mind, that these topics can be outdated already and can vary in some aspects. It's not sure that they are 100% accurate at present, but I will try to pick the best pieces. At the end of every topic, after my short introduction to these essentials in this thread, there will be very decent, helpful, informational, deeper links to posts that are describing the talking threads in depth. CRYPTOCURRENCY IN GENERALIf you're here, you probably should already know what is cryptocurrency. If not, then here is the short simple answer: Cryptocurrency is a digital currency that can be used to buy services or goods. It can be used as a store of value. Cryptocurrencies are using strong ledger which is securing online transactions. This makes it literally nearly impossible, impenetrable to counterfeit. There are currently over 8.700~ cryptocurrencies listed on CoinMarketCap.
DYOR - Do Your Own ResearchDYOR. Yep, you probably saw this acronym many times in this subreddit. In short, "DYOR" (not Christian) means that you should never, never and never trust an any other company, people, project team or anyone else without proper verifying of the information that they provided for you. Always compare their suggests to your OWN RESEARCHES. Nobody will tell you truly, how to get rich. They want to make rich off you !
WALLETSA wallet is a important thing to own when you're working with cryptocurrencies. A crypto wallet can be device, program or a service which is storing your keys or seed. These keys or seeds are being used to verify yours transactions in order to prevent someone else from using your cryptocurrencies. You can store in them your cryptocurrencies pretty much totally safely, or even your FIAT.
MOONSOur dear sweet MOONs. MOONs has been created as this /cc subreddit points and they can be used for exchange to FIAT or any other cryptocurrencies, buying Reddit premiums or even for tipping someone ! It can pay your bills too! Reddit moons have paid for my bills two months in a row by u/AvidasOfficial . Or even they can pay your debt ! I sold my 78k moons to pay off my debt! by u/Wulkingdead . MOONs are practically community points what all of us can use, earn on this subreddit. You can buy them too!
EXCHANGESSimply, Exchanges are Platforms. Platforms that we're using every day to trade our cryptocurrencies for other assets, including either FIAT or digital currencies. They act as intermediary between the seller and the buyer. For this job, we're paying them the transaction fees or commissions.
Dollar Cost Average (DCA)It is an investment strategy/technique in which an investor is spreading his crypto, stock or fund purchases. It's a strategy where you're buying at regular intervals ( weekly, monthly, every other week etc. ) with a roughly similar equal amounts of money. It aims to reduce the volatility and minimize risk.
OTHER EDUCATIONAL THREADS
I would like to ask you kindly to suggest some more USEFUL threads or links in the comment section below. NOTE TO ALL :This Comprehensive List Of All The Basic Useful Threads should only be used for an educational purposes ONLY. I am not forcing anyone to listen, read and use these posts for your present and future investments. In my opinion we should learn from them. Otherwise, use this list as a white paper/ starting point on your journey, not as your "get rich quick scheme" or "business plan". I am not a financial advisor. I am not taking any responsibility for the things that were showcased. EDIT: Thanks to all of you for hitting 1k upvotes milestone!!! Without your help it would not be possible to make this post visible for all the beginners or veterans! EDIT 2: I will eventually edit this post and add more and more useful threads to this post as the time will go on! If you have any ideas, suggests, recommendations, feel free to comment it down or write me a private message so we can help the others too! [link] [comments]  | ||
| Why do all of you keep falling for bullshit sob stories? Posted: 10 Mar 2021 11:11 AM PST Memes were banned and now this sub keeps on falling for obviously fake sob stories. Why can't y'all use some critical thinking?
Come on folks. Is it that hard for y'all to use your brains? [link] [comments]  | ||
| Goldman Sachs Predicts “Explosion” in Use of Digital Currencies Posted: 10 Mar 2021 11:57 PM PST
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| Binance HUGE announcement: What Binance wants vs What People Want.... Posted: 11 Mar 2021 02:42 AM PST Binance is building up a huge announcement. What Binance wants: Partnership with bank, acquiring bank, partnership with country, acquiring smaller company, possible IPO, Launch of NFT Marketplace, Launch of new coin etc What people want: Increase the size of the customer support team [link] [comments]  | ||
| Thanks to Christie's Auction House Digital Art, NFTs Are Going Mainstream Posted: 10 Mar 2021 07:03 PM PST
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| InfoWars' Alex Jones Lost Laptop with $560 Million Worth of Bitcoin Posted: 10 Mar 2021 06:55 AM PST
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| I have just enough Doge to buy a whole Bitcoin... Posted: 10 Mar 2021 02:09 PM PST I bought 1M Doge many years ago for less than 1000USD and kinda forgot about it. Over the years it has been surprisingly one of the best performing coins in my portfolio. But looking at the current numbers, it seems like I could buy a whole Bitcoin if I trade all my long-held Doge. What should I do. I wonder what I'll regret more later, that I exited Doge now or not having purchased another whole BTC when I had the chance, perhaps my last chance before BTC gets too expensive. love to hear some legit opinions. EDIT: Holy shit, I hear you loud and clear guys, thanks. Here is the transaction that I'm talking about for those who asked: https://imgur.com/wifXL3z [link] [comments]  | ||
| If you want to see quality content in this sub, post quality content. Also, sort by new and upvote. Posted: 10 Mar 2021 11:39 PM PST Instead of complaining about moons and shitposts, do something. If you feel like quality content is lacking in this sub, then make your own and post it. Be the change you want to see. Also, don't forget to sort by new and upvote useful content. There is so much info/dd that sits at 100 or even 10 upvotes while your complaint posts flood the front page. Oh and, no, we don't need to ban everything and turn this sub into a desert. I'm ready for the downvotes, bring it on. [link] [comments]  | ||
| Spanish Real Estate Agency Begins Accepting Bitcoin Payments for Properties in the Canary Islands Posted: 10 Mar 2021 11:34 PM PST
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| Swiss Retailers to Introduce Bitcoin Gift Cards Posted: 11 Mar 2021 01:27 AM PST
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| Senate Committee Approves Gary Gensler Causing Crypto To Soar Posted: 11 Mar 2021 03:48 AM PST
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| To those thinking of buying Crypto from Robinhood or Wealthsimple, DON'T!!! Posted: 10 Mar 2021 06:36 PM PST I can't speak for Robinhood but I can for Wealthsimple. WS is a great and simple platform. It really is. Have had no issues buying or selling Bitcoin and Ethereum on it. Having said that the coins on WS don't belong to you. You can't withdraw the coins to a wallet. Your only option is to sell the coins and cash out. Initially I thought I was fine with it because I had plan on holding them long term. But as time went on, I realized the value of actually holding your own coins in your own wallet. You can trade/buy/sell them any time. And in the near future, most businesses would allow you to buy things with crypto. So a lesson learned. If you want to buy crypto, buy them through an exchange and store them on your own wallet. Preferably a hardware wallet such as Ledger and Trezor. [link] [comments]  | ||
| Posted: 10 Mar 2021 09:08 AM PST
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| Posted: 11 Mar 2021 03:17 AM PST Yes you guys secure the network but you are just one branch of the ecosystem. From Dapp developer perspective, we develop application and bring more users to the Ethereum ecosystem, this way you guys get to process more transactions and earn more ether. Recently network fees have sky rocketed to thousand of dollars for just basic transaction, as a Dapp developer this is nightmare and threat to innovation. Think about simple projects like blockchain based passport or Covid certification on blockchain, if it cost thousand of dollars just to post simple information than no body will use it. In order to have mass adaptation Ethereum ecosystem needs to figure out on lowering the gas cost. With some protocol changes In short term you might loose some revenue but in long run with the mass adoption and proposed deflationary model, this will generate you more income. Currently you guys have become greedy and think that you are sole part of the ecosystem while neglecting rest of us(User, Hodlers, Dapp and Core developers). I seriously don't give shit about 51% attack, probability of having it is just a freaking tiny fraction. Even though if you guys succeed, there will be solution, the sooner you guys try the better for the whole ecosystem so that there will be better algorithm to prevent such attack. Lower network gas fee is the future and is necessary for innovation and mass adaptation. Accept it. In long run we all win. ****Bullish on Ethereum(most undervalue project right now)**** [link] [comments]  |
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