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    Wednesday, March 10, 2021

    Cryptocurrency Tezos AMA: Ask us about Proof-of-Stake, NFTs, DeFi, DAOs, and more. We brought Tacos!

    Cryptocurrency Tezos AMA: Ask us about Proof-of-Stake, NFTs, DeFi, DAOs, and more. We brought Tacos!


    Tezos AMA: Ask us about Proof-of-Stake, NFTs, DeFi, DAOs, and more. We brought Tacos!

    Posted: 09 Mar 2021 05:56 AM PST

    Greetings r/CryptoCurrency and thank you to this incredible community for hosting us,

    we represent the Tezos Ecosystem, a proof-of-stake blockchain aiming to be 'Smart Money' and we're here to answer your questions regarding Tezos.

    Recently, Tezos has been gaining traction in DeFi, STOs, NFTs, and DAOs. You can check out some cool recent product launches on Tezos like HomeBase (DAO platform), OpenMinter (NFT platform), Kolibri (DeFi platform), Dexter Exchange (DEX) and hic et nunc (NFT marketplace), all built by different organizations from across the Tezos Ecosystem. Some other cool things built by the community is Kukai wallet that lets anyone send tez or NFTs to anyone with a Reddit or Twitter handle.

    What is Tezos?

    Tezos is smart money, redefining what it means to hold and exchange value in a digitally connected world. A self-upgradable blockchain with a proven track record, Tezos seamlessly adopts tomorrow's innovations without network disruptions today. Tezos is also built to incentivize developers, any developer can submit a protocol upgrade with an invoice attached and the community of Bakers (validators) will be able to vote on the protocol upgrade with Tezos built in governance mechanism. To date, Tezos has had 5 protocol upgrades and the 6th one was proposed just last week! You can check it out on the Tezos Governance Explorer to view the voting activity.

    Recent milestones

    Want to get involved?

    Every month we distribute up to 5000 tez in rewards to contributors from the ecosystem ranging from all skills and levels. Whether you are a meme expert, an indie developer, or answering questions about Tezos, we want to reward you! Learn more here

    Want to stay updated after this AMA?

    You subscribe to our weekly newsletter, 'The Baking Sheet' that delivers the latest Tezos ecosystem news and insights every Friday!

    Participants

    Tezos Co-founder, Arthur Breitman: /u/murbard

    Tezos Commons Executive Director, Corey Soreff: /u/tokyo_on_rails

    Additional members of the Tezos community, developers, and organizations like Tezos Commons and TQ Tezos will also be answering questions that highlight their fields of expertise.

    We will begin answering questions at 12PM EST, please start populating your questions now!

    submitted by /u/AS_Empire
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    Daily Discussion - March 10, 2021 (GMT+0)

    Posted: 09 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:

    • 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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    Drugs Saved My Life

    Posted: 09 Mar 2021 07:50 PM PST

    I used to be addicted to crypto, staring at charts all day, zooming in on minute candles, ruining my eyes looking at red and green dildos. I wasted money chasing pumps and dumps, lost a considerable portion of my savings on shitcoins (think worst of the worst, shit like BTC, ETH).

    And then I found drugs. Started small with just cigarettes, soon moved onto weed. Lately I've started experimenting and diversifying, I start my day with some cocaine, adderall during the afternoon, and shoot up some heroin at night before going to a peaceful sleep.

    I saved myself, and I'm glad I did. Cheers from a former crypto addict.

    submitted by /u/MautKeBaadAishHai
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    Does anyone else find that cryptocurrencies have actually helped them become more financially literate?

    Posted: 09 Mar 2021 05:13 PM PST

    Disclaimer: I'm relatively new to crypto, only getting into it around October/November of 2020. I was too young to get into it in 2009, 2013 or 2017. But ever since I learned about dollar cost averaging, my life has profoundly changed. I had worked different jobs before, sometimes part time, sometimes full time, but last October I started a new job and with the money I earned from that I was able to invest in crypto.

    I realised today that not only has this money that I invested in BTC, ETH and then a few of the more dominant altcoins led to profits from me [albeit as of yet unrealised], but the money that I have dollar cost averaged this entire time, almost six months ago, is money that, prior to getting into cryptocurrency, when I was working other jobs and stuff, I would have simply spent on alcohol or clothes or whatever. For the first time in my life, this is the most money I have ever had to my name. And don't get me wrong, it's not a lot of money by most standards, but it's life changing or me to be able to see that discipline and restraint can lead to a fund that I can fall back on. Not only is crypto an investment for me, but it's also causing me to save money I would otherwise spend, and is making me more financially secure because of it.

    Just wondering if any of you have experienced the same thing?

    submitted by /u/industriousness
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    My mom was supportive when I told her I was investing in crypto, this meant the world to me.

    Posted: 09 Mar 2021 05:36 AM PST

    My mom is the only person in this world who I feel truly supports and loves me. I am a lonely person in this world, with no real friends. I know it's weird for a guy in his 20's to consider mom his best friend, but everybody has different circumstances in life that lead to what their current life is today.

    I recently started investing in Ethereum and finally brought it up in a conversation on our way to the store yesterday. I did my best to explain crypto to her in simple terms to the best of my ability. I think she understood, or at least the basics. She came out very supportive, told me she was glad I was trying to do something for the longterm and warned me about not spending too much.

    This might not sound like much to you for for me it meant a lot because no other human I know would have been so caring and supportive as her.

    I recently joined this subreddit and people here have been the kindest to me. I post this because I really don't have anyone else to tell.

    Thank you for your time to anyone who took the time to read this, I really appreciate everyone here :)

    submitted by /u/Isiki777
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    So we get rid of memes to replace them with personal stories and anecdotes??

    Posted: 09 Mar 2021 10:46 AM PST

    I know a lot of users werent fan of memes due to reposts or low effort but I thought the idea was to improve the content of the subreddit: more news, more analysis, DD, etc., but so far I have only seen an increase on personal stories and most of the time the add absolutely nothing to the purpose of the subreddit, which is to inform about cryptos.

    Just today on the front page we have post about a guy being healthier thx to cryptos, another one who got support from his mom, and another who dropped out of school. while these stories can be "wholesome" I fail to see how they are better content than memes, at least some memes were informative.

    Maybe a new sub r/howcryptosaveme (or something like that) could be created so people can share their sob stories over there

    submitted by /u/raunchyavocado
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    Want to see how early we are? Read this.

    Posted: 09 Mar 2021 12:31 PM PST

    How many of your friends/coworkers/family/acquaintances own crypto? less than 10 people? Out of how many people you know, hundreds??

    How many of you have bought or traded for anything in REAL life with your crypto? not cashing out but actually spending your crypto? Im guessing almost noone.

    How many companies out there are advertising they are accepting crypto? Less than 1%?

    Of people that have any sort of investments, stocks, retirements, etc, what percentage of THOSE people do you think own crypto? MAYBE 3-4%, and thats generous.

    Outside of random little interesting eye catching headlines about NFT's or cryptokitties or just bitcoin prices how often do you see crypto in mainstream media? Almost never?

    Even when you watch all the financial guru youtubers like Graham Stephan, MeetKevin, or heck even a guy like Ben Shapiro trying to explain bitcoin or blockchain or smart contracts, you can tell they BARELY know what they are talking about, and for the most part know as much as a lot of the noobs here.

    The point is, by almost every metric, crypto is still only adopted by a very very small percentage of the population. Yes, more people have HEARD about it, but hearing about it does not = already invested.

    So even if you feel like a "noob" now, or you might be "late", you couldn't be more wrong.

    submitted by /u/etheraider
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    Crypto Will Probably Make You a Lot of Money

    Posted: 09 Mar 2021 08:27 PM PST

    Or lose you a lot of money. The choice is really up to you. For anyone who is new to crypto investing, congratulations. You found something that can provide returns that is almost impossible to find anywhere else in investing. At the same time, you also found something that is highly volatile, and if you are just here to make a quick buck, you will lose it even faster.

    Being a part of the community for 4-5 years now, I have seen people become millionaires and I've seen millionaires go broke, and the same thing will happen during this bull run. If you want to make money in this market all you have to do is keep your emotions in check. There will be many people making thousands riding pump and dumps, investing in scam coins, and shilling whatever they can to make a profit. You will see people making a lot of money from this and often times you may want to join in so you can enjoy those same profits. DO NOT DO IT. Everyone from 2017 that has gotten rich that way, for the most part are all broke now. All those youtubers that showed off their millions from shilling bitconnect, scam ICOs, and every ponzi you can think of are now no where to be seen. Yes, you can make a lot of money from following what these scam gurus tell you, but you will lose it even faster.

    Those who make money in this market are those who invest in soild projects; Those who study what they are investing in, and plan to be in this for the long haul. Think of anyone who is successful from crypto; they have most likely been doing this for years. They did not get rich over night. They put in thousands of hours of research and DD to understand the ins and outs of this market. They made the decision to place their money in soild products, not hype, hope and emotion.

    Anyone can be successful in this market no matter how much money you are starting with. With crypto, you can turn $100 into $10k+ if you are smart. But those who are careless will put in thousands and lose it all. Be smart, be careful, and remember why you came here to begin with.

    Edit: TL;DR: Being patient and putting in the work to find quality investments is the only way to truly be successful in crypto in the long term. Quick easy profits in the short term usually leads to fast painful losses in the long term.

    submitted by /u/bitbuggs
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    Moonfarming is INSANE

    Posted: 10 Mar 2021 03:01 AM PST

    In the last days we have seen a MASSIVE influx of low effort low quality content in the sub. We went from memes to per personal nonsense stories about how:

    "im from brazil and crypto saved my life bc my 30usd are now 35"

    "my mom doesnt understand crypto but she said she supports me bc i am obssesed and she loves me"

    "venezuela bad, crypto good"

    "crypto saved my life bc i now buy btc instead of drugs"

    and the countless BLAND, LAZY responses of the ppl here saying "hey there you go" "you are strong and wonderful" "keep on champ!" and what not

    I feel Im living in the minimum power my-man Rick and Morty simulation and all for what? To get 10usd in moons? are you guys fucking insane?? are you so desperate?

    BAN MEMES, BAN JUNK, CC FOR INFO

    submitted by /u/perchero
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    Say no to DOGE! Just say NO!

    Posted: 10 Mar 2021 12:23 AM PST

    As BTC approaches 60k once again, I feel like this community might see another influx of new cryptonians looking to buy the moon and dip the hold.

    This is fair warning - stay away from DOGE! There's just no reason to fall for it. Eventually the people you love will be unable to cope, they'll all be forced to leave, and then that stupid meme will haunt you forever.

    Put your money towards something a little less dumb.

    That is all.

    submitted by /u/ninjatoes36
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    So after my brief experience, i've realized that day trading really SUCKS

    Posted: 10 Mar 2021 02:02 AM PST

    Pretty much like the title says, of course i want to specify that this is based entirely on my experience and therefore subjective. Here's why:

    -First of all, you usually take a very little amount of time to make your decisions. Needless to say that this brings to reeeeally bad ones;

    -It doesn't feel like a wise investment for your future anymore, but more like gambling;

    -It really hurts to see cryptos you once owned (and sold for minimal profits) literally skyrocket and "go to the moon";

    And last but not least:

    -It also feels like a job, a very bad one for your mental health: prices and charts are literally stuck in your head and you constantly feel the urge to check them. It's the first thing you do when you wake up and the last thing you do before going to bed. Probably the worst out of them all;

    So to conclude: i feel like crypto should be more of a plan B, something where you put the money YOU DON'T NEED and hope them to grow, maybe helping you to achieve a better future someday. But this should work as a background process, not something you constantly need to check and you have constantly stuck in your head, and therefore day trading feels BAAAAAD man (my opinion of course).

    Let me know what you guys think.

    TL;DR: day trading feels like a job, an addiction and a gamble all in once, and is BAAAAAAAAAD.

    submitted by /u/Andra1996
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    2017/2018 Bullrun VS 2020/2021 Bullrun and speculation

    Posted: 10 Mar 2021 03:39 AM PST

    2017/2018 Bullrun VS 2020/2021 Bullrun and speculation

    We all like to speculate, especially with price predictions. I dont do this very often, but seeing some questions in the daily about what is different this time, etc, etc, i thought i would be fun to do some research. So lets compare the current bullrun VS the last bullrun. To be real, i am just a nobb, all i do is gather info and try to understand it. Thats it. I like to investigate and learn. So feedback is always welcome. I do apologize for spelling errors.

    If we look at the last bullrun vs the current bullrun than there are similarities. I will look in to the similarities and whats different from the last time. My main focus is BTC. Ofcourse a lot of this is hopium, but its fun to speculate and to research. As all redditposter say, not financial advice tho.

    Current chart vs 2017 chart

    If we look at the current status of the last three months, the dips that have been happening and now there recovery, it looks quite simular to the last bullrun. If we look at how much BTC gained during the Bullrun from 2018, and history would repeat itself, than we will see some massive gains in the upcoming months.

    https://preview.redd.it/1wcsocufh6m61.jpg?width=1761&format=pjpg&auto=webp&s=b8ab6fca3d7491b9c1c40b1633ec302bb4397cf0

    This would mean BTC will hit 100k in the upcoming months. This is just based on the similarities of the last bullrun, so cant take much from it. We all know what happend next, so would prefer a steady grow up. The massive growth was caused by retailinvestors after cryptocurrency went all over the media.

    Pisu666 comparison and formula

    I did some research and came across the medium of Pisu666. He proposes a different approach to predicting the bitcoin price's short-term progress in the growth phase after the halving in comparison to the S2F PlanB theory.

    His goal is to develop an understanding of the Bitcoin price course and check new approaches to explain the price fluctuations and the prediction.

    So I got all the historical bitcoin values since 2014 and looked at the phase in which bitcoin's value increased. Then I looked for the beginning of the new growth phase from 2018 and compared these values with those from 4 years ago. With a factor of 17.5 for the old values and a shift of exactly 1399 days, both value trends could be superimposed well. The 1399 days correspond precisely to the time distance of the two halvings, which took place in the respective period.

    Source: https://medium.com/coinmonks/a-little-math-and-a-bitcoin-forecast-bcaddc17d252

    https://preview.redd.it/276swpmtj6m61.png?width=1948&format=png&auto=webp&s=6658f828903e70e1463fd90b45b83fba36745248

    Stock to flow theory

    The Stock to Flow model measures the relationship between the currently available stock of a resource and its production rate. It's typically applied to precious metals and other commodities, but some argue it may be applicable to Bitcoin as well. In this sense, Bitcoin may be viewed as a scarce digital resource.

    Pisu666: "There is almost always a mathematical formula behind it with such a regular shape, using which you can extrapolate future values. You only have to find it and justify it. Precisely this was made possible by the S2F theory. If you look at the calculations of the S2F theory, these values magically match the actual Bitcoin prices achieved over the entire period of its trading on the exchanges. It has also been repeatedly adjusted and extended to increase its accuracy"

    S2F chart by Rob Wolfram (Twitter u/hamal03)

    "All in all, however, there is probably no other theory that can make reliable predictions over so many orders of magnitude."

    The difference from 2017/2018

    2017 was the first time that the public had a real exposure to crypto and when it happened, it went absolutely crazy.

    At this point (2020 - 2021) people are buying crypto to hold and get more over time. Mostly isnt used for trading but for holding. This is for both institutions as retail investors. As we all can remember, the 2017 bullrun was lead by retail investors and not institutions. This shift happend the last year. The retailinvestor percentage could go a bit higher due the stimulus checks, but institutions will have the upper hand.

    Massive institutional players including JPMorgan Chase & Co., Deutsche Bank, Citibank and Guggenheim Partners have publicly come out in support of bitcoin. Grayscale now owns more than 630,000 bitcoin (3 percent of the total bitcoin supply), mainly on behalf of accredited and institutional investors.

    Last time (2017), even if a company wanted to buy $500 million worth of bitcoin, there wasn't a easy way to do it. This is no longer the case. MicroStrategy was able to buy about 38,000 bitcoin with minimal slippage and market participants didn't notice.

    Here is a screenshot about the companys know that has BTC: https://bitcointreasuries.org/

    https://preview.redd.it/0zdppb4qn6m61.jpg?width=1571&format=pjpg&auto=webp&s=e10820032b278456f40332556a9698a378810f1c

    There's still a long way to go in mainstream support for digital currencies, but this rally is broader and with greater support than for the 2017 run.

    Still, this doesnt mean that BTC wont or cant crash. But with institutions and the retailinvestors who want to hold instead of trade, the changes are it will be less extreme as the last time.

    Stay safe :)

    submitted by /u/steavus
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    AMD Could Release Its Own Crypto GPU to Mine Ethereum to Calm Down the Skirmish Between Miners and Gamers

    Posted: 09 Mar 2021 06:31 PM PST

    Had to leave the cardano sub today

    Posted: 09 Mar 2021 11:48 AM PST

    Way too much 'cult'-ure. I like the actual project, or idea of it, I should say. Cannot handle the weird culture. Now there is a commemorative coin to seek. I draw the line here. I'm a fan and believer of many things, but I'm not obsessed, and I don't need a pretend coin, a tshirt, a kitchen backsplash, a mug, or a tattoo, or anything of the like. I'll stick to regular news and normal avenues for getting my information.

    submitted by /u/awilliams123
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    Solution to scale Ethereum '100x' is imminent and will get us through until Eth2: Vitalik

    Posted: 09 Mar 2021 06:17 PM PST

    Petition to move wholesome stories

    Posted: 09 Mar 2021 10:23 PM PST

    Basically the title, move those wholesome stories (which i really proud of) to a seperate subreddit and keep this subreddit a trading/market discussion and stuff it normally is.

    This can also prevent fake stories that aim to farm moons while the real ones that wanna express their feeling can still do the same (with less haters)

    edit: note to moderators that i cant find the discussion flair ;(

    submitted by /u/FomR
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    In 2010 Satoshi Nakamoto proposed a new mechanism to transact cryptocurrency that requires no mining, and allowing for settlement in under 10 seconds, through node propagation.

    Posted: 09 Mar 2021 11:05 PM PST

    https://bitcointalk.org/index.php?topic=423.msg3819#msg3819

    I just stubmled upon the fact hat Satoshi actual had a second idea 3 years after he invented BTC. And he shared his proposal on bitcointalk.org forum -

    Re: Bitcoin snack machine (fast transaction problem) July 17, 2010, 10:29:13 PM Merited by ETFbitcoin (1), tarmo888 (1) #19 I believe it'll be possible for a payment processing company to provide as a service the rapid distribution of transactions with good-enough checking in something like 10 seconds or less.

    The network nodes only accept the first version of a transaction they receive to incorporate into the block they're trying to generate. When you broadcast a transaction, if someone else broadcasts a double-spend at the same time, it's a race to propagate to the most nodes first. If one has a slight head start, it'll geometrically spread through the network faster and get most of the nodes.

    A rough back-of-the-envelope example: 1 0 4 1 16 4 64 16 80% 20%

    So if a double-spend has to wait even a second, it has a huge disadvantage.

    The payment processor has connections with many nodes. When it gets a transaction, it blasts it out, and at the same time monitors the network for double-spends. If it receives a double-spend on any of its many listening nodes, then it alerts that the transaction is bad. A > double-spent transaction wouldn't get very far without one of the listeners hearing it. The double-spender would have to wait until the listening phase is over, but by then, the payment processor's broadcast has reached most nodes, or is so far ahead in propagating that the > double-spender has no hope of grabbing a significant percentage of the remaining nodes.

    submitted by /u/rrdonoo
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    I am 17 and I am less depressed because of crypto

    Posted: 09 Mar 2021 05:45 PM PST

    I am a guy from Brazil that is stuck on a toxic household, and crypto has given me motivation to keep living. Saving little amounts of money in crypto is great for me and keeps me having something to lookfoward to every day.

    I know it might sound silly but watching my portfolio growing from 70 to 80 dollars makes me hopeful about the future, I hope that I can use this money to get out of my household once I turn 18 ;)

    I also know it sounds like those dramatic stories of how crypto is changing people's lives, because it kind of is, but I just wanted to share my personal success with you all.

    Thank you all!

    submitted by /u/ImJustReallyFuckedUp
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    I built a prototype for a tiny point-of-sale! Runs on a powerbank, only needs wifi, boots up instantly! (excuse my recording skills)

    Posted: 10 Mar 2021 02:43 AM PST

    I've posted this on another sub before, but i thought that some of you might enjoy this as well! I built a small point of sale prototype! It is tiny, can be run off a powerbank and is really fast!

    I can imagine a more mature version of this being used in small businesses, for public transport, public toilets and many other things! What do you think of it? What would you do with something like this?

    You can see the source on github, but it is quite the mess, since this is only a quick and dirty proof of concept! Any feedback is appreciated!

    submitted by /u/crypt0isthefuture
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    My grandparents gave me money every year for Xmas and bday and now it's finally turned into a house thanks to Crypto

    Posted: 09 Mar 2021 05:27 PM PST

    So every year since I was about 10 my grandparents would give me money for bdays and Xmas. I stacked up about 5000 and got into crypto in the spring last year. Now that 5000 is 14000 enough for a down-payment. Hope you all have good success stories like mine. Have a great evening. Cheers.

    submitted by /u/verity519
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    We are lucky to be alive now. There is no easier time in the history of mankind where your net worth can increase 100x just by holding a single asset crypto without doing jack

    Posted: 09 Mar 2021 07:59 PM PST

    Looking at the entire history of mankind there has never been a time where someone can be very wealthy just by holding crypto. Had a few colleagues whom I got started into crypto and their net worth increase 20-30x from just a few years ago just by holding. You can't get that off stocks or any other asset base. I want to thank this sub for introducing so many people to crypto and starting a new people's revolution. I think crypto is just getting started with staking and iot, it is the next biggest revolution after the internet. Where can you earn massive interest with just holding coins in your wallet. Even during the gold rush you had to dig for coins. Now you can just sit back and relax and hold

    submitted by /u/caseyrobinson2
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    How Often Do You Check Crypto Prices?

    Posted: 10 Mar 2021 02:18 AM PST

    As per title. How often do you check crypto prices?

    I'm guilty of checking it way too often.

    The poll only lets me to add six options lol...

    Of course exclude when you have to sleep or work or study. But who even does these when they invest in crypto, right?

    (Need 215 characters - done).

    View Poll

    submitted by /u/tajid
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    We need to stop gatekeeping Bitcoin from the poor. Even if you don't think it's worth it for someone to save as little as 5 dollars at a time in Bitcoin, it's still better for them to learn to save there than to be discouraged into continuing to only save in the dollar. Bitcoin is for everyone.

    Posted: 09 Mar 2021 12:30 PM PST

    Muhammad Ali NFT Minted 50 Years After ‘Fight of the Century’ With Joe Frazier

    Posted: 09 Mar 2021 03:18 PM PST

    Down voting people playing devils advocate while presenting legitimate points of argument doesn't make them wrong.

    Posted: 09 Mar 2021 03:36 PM PST

    It's good to learn the cons of things, especially if you are invested in them. People present legitimate opinions on here quite often that don't align with the "all hail Crypto" ideology and are ignored or downvoted for it.

    Someone presenting point as to why a certain coin could fail or lacks scalability while everyone chants around it isn't a bad thing. It's good. Emotional investing in crypto is so easy to do and these people provide us a chance to ground ourselves and maybe double down on our on research.

    Simply trying to ignore these people or downvote them into oblivion isn't healthy for the community. Otherwise we all end up blindly following a memecoin.

    submitted by /u/BanjosRuleDude
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    Anyone else got better with their investing discipline with crypto?

    Posted: 09 Mar 2021 06:35 PM PST

    I've been investing and trading in equities for better part of 2 years now and honestly, I've sucked at selling at the right time. I'd either sell too early even with consistent returns or sell too late after the hype died down. Options especially destroyed my portfolio (wsb definitely approves lmao). But due to crypto fees, I've been more careful about selling and I've just been focusing on HODLing. I know people complain all the time about fees but honestly, it's been a blessing in disguise. I'm more likely to hold than pay those fees, plus not getting taxed is always a benefit.

    submitted by /u/Ravandragon
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    I no longer hide my crypto purchases from my wife!

    Posted: 09 Mar 2021 03:33 PM PST

    Up until last week I hide almost all of my crypto purchases from my wife. It started innocently enough...I had some big plans of surprising my family with a dream vacation with the earning off my coins. We live a very strict life and putting the money into crypto means we don't have extra for little things like takeout or new video games. I am the only one employed in my household and I control the budget so she never even knew this money existed.

    I posted here asking if anyone else was saving up to surprise family like me and it helped me realize keeping this money secret was a very bad call. Lots more benefit to keeping her in the loop. What originally held me back was that I was worried she wouldn't be supportive of the gamble as she unfortunately has had a lot of negative opinions of crypto around her due to people she know who lost money selling low.

    I still wanted to surprise my family with something so I pulled out a bit of gains and grabbed a Nintendo Switch to bring home to start off the conversation with a bang! It didn't go that well at first tbh. I surprised them with the switch and right away my wife was giving me some eyeballs. Just like a bandaid I just blurted it out that I've been putting money in crypto and it's been working out well. I explained that I got this off gains and my original investment still going strong. It was met with a bit of a freak out considering our situation and the sum. Fears of losing it all and what we could use it for today came up.. but overall she understands what I am doing and is actually very excited.

    I told her I wanted to plan a big trip with her and I wish I could share her smile with you all. Weve haven't been on a trip together in our 10 years together and this is very exciting for us. We've been planning our trip pretty much since and it's alowed many more conversations about my crypto and how exciting things are looking potentially. She even wants to accept crypto for her etsy shop and private sewing work! I'm so excited for this!!! Big things are happening!!!

    Thanks to this sub for helping me come to my sense lol

    OP where I realize I'm an idiot: https://www.reddit.com/r/CryptoCurrency/comments/lvkdwq/i_hide_all_my_crypto_purchases_from_my_wife/?utm_medium=android_app&utm_source=share

    TL:DR- Hid my crypto from my wife expecting her to be mad and now after spilling the beans she thinks I'm a genius lol. We're going on a trip somewhere hot ASAP!

    submitted by /u/HeavyMetalSasquatch
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