• Breaking News

    Wednesday, April 28, 2021

    Cryptocurrency [AMA] We’re Sunny Lu & Peter Zhou, CEO and Chief Scientist of VeChain, a public blockchain adopted by major enterprises such as DNV, PwC, Walmart China, and more. Ask Us Anything about blockchain, VeChain, PoA 2.0, our new Enterprise NFT Ecosystem, and more!!

    Cryptocurrency [AMA] We’re Sunny Lu & Peter Zhou, CEO and Chief Scientist of VeChain, a public blockchain adopted by major enterprises such as DNV, PwC, Walmart China, and more. Ask Us Anything about blockchain, VeChain, PoA 2.0, our new Enterprise NFT Ecosystem, and more!!


    [AMA] We’re Sunny Lu & Peter Zhou, CEO and Chief Scientist of VeChain, a public blockchain adopted by major enterprises such as DNV, PwC, Walmart China, and more. Ask Us Anything about blockchain, VeChain, PoA 2.0, our new Enterprise NFT Ecosystem, and more!!

    Posted: 28 Apr 2021 04:18 AM PDT

    Hi everyone!

    We're really excited to be here engaging with the passionate r/CryptoCurrency community.

    Today, both me (Sunny Lu, /u/cryptoSunnyL) and my colleague Peter Zhou (/u/PeterZhouzzz) will be representing VeChain as CEO as well as Chief Scientist to answer any questions from the community.

    https://twitter.com/PeterZh47977516/status/1387373043278704640?s=20

    We'll be answering your questions for a duration of 3 hours (April 28 2021, 7AM PST - 10AM PST (10PM to 1AM UTC+8), so don't hesitate to ask any questions now and live during the session and we'll answer them as best as we can!

    The VeChainThor blockchain has already been applied across a diverse array of use cases including Walmart China, Bayer China, BMW Group, BYD Auto, H&M Group, Shanghai Gas, LVMH, D.I.G, ASI Group and more. We've pioneered VeChain ToolChain, a BaaS suite that allows enterprises to deploy full featured blockchain solutions without any technical knowledge required. Numerous products on shelves in Walmart China are already being tracked using VeChain with more being gradually added, and we have tens of thousands of transactions daily just for Walmart alone. Our journey has just started.

    We're also a smart contract and dApp platform that is fast, low cost and scalable. For those of you who didn't know, we welcome you to build your project on our blockchain. NFTs, DeFi, Gaming, Yield Farming, you name it, we can support it. Grants are also available to kickstart your project.

    Ahead of our numerous progress updates this year and the PoA 2.0 upgrade, which will massively upgrade our scalability and security even further, we've decided to engage with the crypto community with this AMA.

    We're also working on something exciting: An Enterprise NFT Ecosystem, that will support enterprise-related NFT applications, with a system and resources readily available to help enterprise-level users to create and issue NFTs to support their ecosystem growth.

    Without further ado, ask away anything related to enterprise blockchain adoption, VeChain related topics, NFTs, and anything on your mind! See you soon!

    What is VeChain?

    VeChain project launched in 2015. VeChainThor is an enterprise-level public blockchain and we have worked tirelessly to build the bridges between blockchain technology and the real world. We've been through the entire process of building an entire network dedicated to be scalable, efficient and cost-effective, transitioning from consortium network to best-in-class public blockchain platform using our Proof of Authority consensus.

    The VeChainThor blockchain is powered by the VET and VTHO currencies with a dual-token model, offering best-in-industry transaction speed, scalability and costs. We're a public blockchain, and we support dApps as well!

    submitted by /u/cryptoSunnyL
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    Daily Discussion - April 28, 2021 (GMT+0)

    Posted: 27 Apr 2021 05:00 PM PDT

    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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    Visa CEO says payments giant is moving into crypto in a 'very big way'

    Posted: 27 Apr 2021 03:46 PM PDT

    Looks like Robinhood couldn't handle the heat for more than 1 day into their 3 day AMA and deleted their AMA. Not your keys, not your crypto

    Posted: 27 Apr 2021 10:16 PM PDT

    Looks like Robinhood couldn't handle the heat for more than 1 day into their 3 day AMA and deleted their AMA. They just removed their post after ignoring all questions that didn't ask about a crypto wallet, and even then, they refused to give a date as to when they would release a wallet. It's so weird that they would make an AMA if they weren't ready to answer the tough questions. All it did was further confirm that using their exchange is a terrible idea, especially after the GME fiasco

    Stay far far away from Robinhood and remember: not your keys, not your Crypto.

    submitted by /u/Tyrantt_47
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    Owning 1 ETH in 3 years will be like owning 1 BTC today, if ETH continues to solidify itself as a good investment (which is definitely the case now)

    Posted: 27 Apr 2021 05:54 PM PDT

    Honestly, it's an absolute dream to own an entire bitcoin now. I remember when you can grab them at $4k last year, but I had never seen this bull run coming before. Whatever, the last best time to buy was yesterday, the next best time is today.

    But ETH just has so much room to grow. It runs most of the DeFi ecosystem and NFTs, getting network upgrades like EIP 1559 making it less inflationary, ETH 2.0 making the blockchain green and drastically reduce fees, and tons of institutional adoptions alongside bitcoin. There's just so many bullish things in store for ETH long term.

    ETH would have a mcap of $6T if $51.9k. But watch; the global stock market has total value $95T. So it's realistic. Consider that fiat is heavily depreciating too.

    Also mention BTC would only have to 6x to get to $6T.

    Will it take over BTC as market cap? Very unlikely. Will it decrown BTC as king of crypto? Hell no.

    But ETH will probably be just as sought after and extremely high valued just like BTC is today. I'm very bullish on it.

    submitted by /u/globalWarmingCowFart
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    I made a joke token to show my friends how easy it is: Communism Coin

    Posted: 27 Apr 2021 09:50 PM PDT

    I even made a website for it: CommunismCoin.com

    It is surprisingly easy to deploy a token and add it to an exchange. People and bots were even FOMOing in before I renounced ownership of the contract and locked the LP tokens and could have lost all their investment. It went from a $5k cap to $150k in about an hour before dumping. I didn't sell because this shitcoin is dear to my heart now, but could have made a decent profit.

    We are truly in a bubble.

    submitted by /u/S_l_M_P
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    Ethereum Market Cap ($309.85 B) Just Surpassed The Market Cap of Platinum Commodity ($309.15 B) With The New ATH

    Posted: 27 Apr 2021 05:19 PM PDT

    What is even more amazing for Ethereum is that It has reached ATH of $2,716 (at Binance)

    Ethereum also gained a considerable amount of value compared to BTC trading for 0.04879 BTC / ETH at peak

    Congratulations to all Ethereum holders!

    submitted by /u/andrewhartanto
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    Cardano Developer IOHK Strikes Partnership With Ethiopian Government

    Posted: 27 Apr 2021 07:05 AM PDT

    Hasbro CEO says NFTs are being considered for Magic: The Gathering, other franchises

    Posted: 27 Apr 2021 03:11 PM PDT

    ETH crosses over $2700 USD for first time

    Posted: 27 Apr 2021 06:48 PM PDT

    Things are looking good for Ethereum. Gas prices are coming down (currently 42 gwei for a <5min transaction) and ETH 2.0 get's nearer and nearer.

    Have to say, pretty wild to think that it was $100 not too long ago and people were very skeptical on it again with all the ETH killers starting to pop up.

    Do you think that ETH should be considered an 'alt' still, or has it now cemented itself as something more?

    submitted by /u/MaltMilchek
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    Today Chrysalis, the biggest update in the history of IOTA, will be implemented - amongst others opening up the road for feeless and scalable transactions for institutional investors.

    Posted: 28 Apr 2021 12:54 AM PDT

    Freindly reminder that nobody knows anything

    Posted: 28 Apr 2021 12:00 AM PDT

    I been in this game since 2017 and the shitstorm that followed. Trust me when I say nobody knows anything in this space. Its easy to see a bunch of confirmation bias and an echo chamber of feel good sentiment about the future but nobody knows what the hell they are talking about. Don't let FOMO take over. Everyone is just taking a shot in the dark with their predictions. Stay safe. Thats all.

    submitted by /u/TomQuick03
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    ‘Disaster Girl’ makes over $430,000 selling the NFT of her meme

    Posted: 27 Apr 2021 06:03 PM PDT

    And after a long 3,5 years in crypto... I got hacked and my funds were stolen

    Posted: 28 Apr 2021 12:17 AM PDT

    I have seen these kind of posts many times myself. "This wouldn't happen to me, I'm very careful in the crypto world" Well, I'm here to tell you that if my funds get stolen this easily, yours can too.

    Before we start: I haven't given anyone any kind of info. I have been in crypto long enough to know its the wild west of the finance world. I've done my research, I like trading, I like watching people make gains and or be passionate about crypto. Normally you would know where you messed up but this time....I don't even know how it happened....

    One day Im sitting there waiting for my XLM orders to get filled and Im getting this random email that someone from SWEDEN??? ( I live close to germany ) was accessing my account. Immediately I went onto my email to stop anything from happening but it was too late already ( I later found out ). He must have had access to my email as well because you cannot log into bittrex without an email verification code. But that makes it worse because my email is 2FA'd with my phone number so how could he have accessed my account(s)? It's just mind blowing honestly. I'm a very ' safe ' kinda guy and I don't do random stuff online which could endanger my funds. Go back to my early posts you'll find me asking questions on different subs about crypto and other related things to it.

    Sooo.. About $1.5k got stolen from my bittrex account

    Ikr? WHO EVEN USES BITTREX LMAO Well I did because I never had problems with them. When my account got verified in 2017 the exchange itsself was ok but the customer service was horrible. They have low liquidity but the exchange works fine. Anyways the customer service played a big role in this. I didnt even know I was hacked until I got my account back today and saw that the swedish thief ( probably VPN ) stole it that day ( end of March ).I then lost access to my account ( I froze my account that day ) had to start KYC all over again which took more than a month only to find out some random guy stole 0.03 BTC. I can't believe that after 3,5 years this garbage exchange still hasn't improved its customer service. I thought they would have had it fixed by now since there is so much competition... Nope, their service is garbage

    I know the ins and outs of this sub so the first comment will be, always keep your funds in cold storage. No. You can't do that if you are a trader like me. You have to have some $ on the exchange to be able to trade.

    My advice: get off Bittrex asap, if you haven't already. ( Like, right now go withdraw your funds ).

    Nothing else to say, not even that mad

    submitted by /u/DontTrustJack
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    Mining a single Bitcoin with a Commodore 64 will take at least 50 trillion years

    Posted: 27 Apr 2021 10:11 AM PDT

    Live product verified authentic on the blockchain

    Posted: 27 Apr 2021 01:30 PM PDT

    Elon Musk Confirms He Owns Bitcoin, Has Not Sold Any — Tesla Intends to Hold BTC Long Term, Sold Some to Prove Liquidity

    Posted: 27 Apr 2021 07:37 AM PDT

    Harmony ONE and its founder Dr. Stephen Tse is heavily involved with VISA Research on "A Gas-Efficient, Trustless Bridge for Cross-Chain Transactions"

    Posted: 27 Apr 2021 07:08 PM PDT

    VISA Research has published an academic paper with Harmony ONE. Both the founder Dr. Stephen Tse and their lead developer are being named on the paper.

    ** link to paper ** https://arxiv.org/abs/2101.06000#:~:text=15%20Jan%202021%5D-,Horizon%3A%20A%20Gas%2DEfficient%2C%20Trustless,Bridge%20for%20Cross%2DChain%20Transactions&text=With%20the%20rise%20of%20digital,becoming%20a%20crucial%20interoperability%20requirement.

    https://pbs.twimg.com/media/Ez5bOwOVoAEJUA8?format=jpg&name=900x900

    ONE is seriously impressive, the two second finality in transaction speed, sharding for scalability, staking at 11% APR, micro gas fee. I checked out their DEX Viper tonight ... it's crazy fast and cheap, unlike any swap defi I have ever seen.

    submitted by /u/rrdonoo
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    Turkey went from completely banning Bitcoin to establishing a new government sponsored Custodian Bank For Bitcoin Exchanges in like ~3 seconds, and permanently cemented crypto's future in Turkey.

    Posted: 27 Apr 2021 11:34 PM PDT

    1. Bitcoin falls as Turkey bans cryptocurrency payments

    2. Report: Turkey To Establish Custodian Bank For Bitcoin Exchanges

    Off topic but still worth mentioning: To this day, Turkey denies its role in the Seyfo Genocide of 1915 that involved defenseless Armenian, Assyrian, and Greek women and children/infants. Over 2 million combined people perished, and unspeakable (gender-specific) crimes were committed against these people. Just last year, Turkish President Erdogan called survivors of this genocide and their descendants "leftovers of the sword." A few days ago, Biden took the position of formally acknowledging the genocide. Erdogan and the government of Turkey pleaded with him to reconsider his statement by denying the genocide even happened in the first place.

    First they ban bitcoin payments, now they deny genocide. Truly a trashy government if I've ever seen one.

    Edit: Turkey didn't totally ban crypto. They just banned businesses from accepting it as a form of payment.

    submitted by /u/chrisnsalem
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    Was hodling BTC till I could pay off the mortgage... now I dont want to pay it off...

    Posted: 28 Apr 2021 12:40 AM PDT

    Hi,

    First time posting here, be gentle

    So I have been in since ~2014, Cost Price Averaging monthly since then.

    Some months I missed due to real life, some I bought more when it was crashing

    I had held through the crashes, traded some others on the side and keep about 40% of my fun pot in random cryptos (Ethereum, Litecoin, Cosmos, Tezos, Ankr, Celo, Origin, Enjin, Siacoin, Tron, Orchin).

    I started by saying I would sell when it was enough to pay off my Mortgage, which seemed crazy, then when I got close I decided to keep it till selling half would pay off my mortgage (never sell it all)

    I passed that in March... and I cant sell, im paying 1.79% on my mortgage, I cant even calculate what Im earning in crypo in the same time, surely prudence says clear it but I cant!

    Advice!

    (edit)Frustratingly im getting a 50:50 split here! I think I may have asked alcoholics if I should have a drink!

    (edit x2) The bots started sliding into my DM's as soon as the post hit 25 upvotes, classic Reddit cryptoland

    submitted by /u/kahnindustries
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    Unpopular opinion: These price prediction polls are just as bad as Meme Weekends

    Posted: 27 Apr 2021 03:14 AM PDT

    Idk if its just me - but does anyone else feel the same?

    These polls add nothing of value to the discussion but are still taking up the entire front page in place of quality content - I'm getting serious flashbacks to when Moon farmers kept spamming memes the sub every weekend with the same recycled memes.

    Maybe these things could belong to a different sub and just be linked through a single post instead?

    submitted by /u/Fachuro
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    Mastercard teams with Gemini for credit card with bitcoin rewards

    Posted: 27 Apr 2021 06:10 PM PDT

    Take a moment and make your MetaMask wallet a lot safer.

    Posted: 27 Apr 2021 09:51 AM PDT

    Take a moment and make your MetaMask wallet a lot safer.

    I have seen a lot of posts lately where people have lost funds their funds through their MetaMask wallet. While there is no evidence that this is MetaMask's fault (and I don't think it is), the default installation of MetaMask does give them way more access to your personal data than they should ever have.

    NOTE: If you are using Firefox, it's currently not possible to apply this fix. I recommend you to use MetaMask only with Chrome or Brave browsers.

    Problem:

    If you have MetaMask installed on your Chrome or Brave browser, by default it will have the option "This Can Read and Change Site Data" enabled "On All Sites". Here is what it looks like:

    https://preview.redd.it/1ka1rj73wqv61.jpg?width=1498&format=pjpg&auto=webp&s=a22967c635d87047746161416114d6d9e6f1ed40

    Why should you care? Well, this means that any data going through your browser can be read, altered and stored by MetaMask if they choose to do so. And by all data, I mean usernames, passwords, personal information, etc.

    Now, I am not saying MetaMask has malicious intent. Not at all. However, they could store specific data about you and sell it to other companies if they wanted to. And if that data in MetaMask's database ever gets hacked, well ..you know what that means.

    Solution:

    So, how can you fix this? It's very simple.

    1. Open your browser.
    2. Click on the little puzzle icon to the right of the MetaMask icon.
    3. Click on the 3 little dots on the right side.
    4. Click on "This Can Read and Change Site Data"
    5. Change the default option to "When You Click the Extension".
    6. That's it!

    This way MetaMask will only have access to the data from websites where you're actually using MetaMask on.

    Now, you must be careful! If you are on any website and you click on the MetaMask icon, you will give MetaMask access to that website, because you are "Clicking on the Extension". Clicking on it will give it access to that website.

    So, to be absolutely safe, be sure to only click MetaMask either:

    1. A crypto-related website which requires MetaMask access (such as Pancakeswap, etc).
    2. An empty tab with no website open.

    If you value your safety and privacy, take these steps right now!

    submitted by /u/theoakmike
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    Dear Crypto Enthusiasts, delete your clipboard history once in a while

    Posted: 27 Apr 2021 08:33 AM PDT

    By default Windows 10 saves the last 25 items you copied. These items might include wallet adresses you don't want anybody to know, like your metamask wallet address for example.

    So do yourself a favor and delete these items from your clipboard history after every time you copied and pasted a wallet address. To do this press Windows+V and it shows you all the entries where you can manually delete items.

    If you don't want Windows to save your clipboard history, turn it off completely in the settings. Just go to Windows settings -> System - Clipboard and turn it off there.

    A lot of people don't know of this vulnerability and it seems to be easy to read out for hackers.

    submitted by /u/pukem0n
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    'Profit isn't a dirty word': a 3 step strategy for beginners who aren't making money

    Posted: 27 Apr 2021 07:06 PM PDT

    Disclaimer: No, I'm not about to shill you a scam coin or point you towards some shady website where you deposit your tokens for a 5% daily return. What I'm about to "reveal" has probably been discussed 1000's of times on here, but maybe not condensed into a single post. The only caveat to what I'm about to write is that it only works in a bull market, which - lucky you - we're in the middle of.

    I'm also aware that the below goes against the 'hodl' and 'diamond hands' memes. Before you you hit that downvote arrow, there are many schools of thought in trading, this is just one.

    Also, of the 4 coins I'm mentioning specifically, I only own one (Holo), so this isn't me trying to shill you my portfolio.

    Intro: I've seen a lot of posts here in the past about people not making money. People, making money right now is ridiculously easy. Read on for the simple 3 step plan.

    Step 1: Find a coin in the top 100 that hasn't pumped in a while

    All coins go through the same cycle: pump, correction, accumulation, pump. At least that's true for established coins which is why we're sticking to the top 100. If you think there's not enough profit in the top 100, take a look at what Matic just did (plenty of other examples like One, Solana, Fantom, XRP, etc.). The cycle can take weeks or months to repeat.

    What you need to do is not buy the pump. I know, hard to resist, but the problem is that you're probably going to end buying the top, or close to it. And as I wrote above, after the top comes the correction, which means price goes down. We also don't want to buy when the price is still going down, we want to buy at the point where a trend reversal is likely. On a daily chart, what you're looking for is sharp peak on the left, followed by descending (red) candles on the right, eventually evening out as the area of support is found (that's your entry).

    Two perfect examples from the last two days of the above would be Fantom and Holo. They pumped weeks ago, have since dropped significantly in price and pulled a very nice reversal in the past two days (had you bought Fantom's Sunday dip, you'd be up almost 50% now, almost 40% for Holo). If you're wondering, KSM might be one to watch out for here in the near future (not financial advice).

    Sidenote: probably preferable to buying into a position all at once would be daily cost averaging. This guide is already too long, so just google DCA, plenty of good youtube videos explaining the process.

    Step 2: Hodl

    I'm intentionally not including any tips on how to find good entries with TA (technical analysis) since this is obviously geared towards beginners. Thus, the chances of you timing this perfectly are slim, and you're probably going to have to wait a few days or even weeks for anything to happen. Throughout the hold period, the price will fluctuate and may even drop further. But here's the thing in a bull market: all top 100 coins will pump, it's a matter of when, not if (liquidity flows from coins that just pumped into coins that haven't and once enough volume is built, price breaks out into price discovery, ie the pump). If a coin with extremely flawed fundamentals like Tron can pump into the top 20, so can anything else in the top 100.

    Step 3: Realistic profit targets

    You could of course just hodl the same coins throughout the bull market. If you picked good ones, you'd probably be better off doing this actually. However, I'm aware that we're all ADD affected male apes in our primes, so you don't want to be in just a few coins, you want try a lot of coins.

    Let's use Fantom as an example. Let's say you paid attention on Sunday and bought the dip at $0.35 (you were a little late, but still a decent entry). Realistic profit targets depend on your own level of risk aversion, suffice to say, 200% or even 100% aren't realistic profit targets. It's most likely going to take more than one pump to get there, which means potentially months of hodling Let's use something like 25%, 30% and 40% as an example (and no, these numbers aren't set in stone, they are just an example. Like I said, your targets will depend in your own risk tolerance). These would be set up in a series of sell orders:

    Sell order 1 (50% of your bag): $0.437

    Sell order 2 (30% of your bag): $0.455

    Sell order 3 (20% of your bag): $0.490

    Sell order 1 is the most likely scenario to hit, so you'll be selling half your bag here. If the coin keeps pumping, you'll sell another 30% at +30% price movement and you'll leave 20% for a 'moonshot' +40% price increase. Watch the charts closely while your coin is pumping: if it starts to look like you're not going to hit your upper targets, you can sell on the way down, still making profit. Keep in mind too that pumps can last for days. It's up to you and only you to identify the pattern and then stick to your belief. As a general rule though, don't be greedy: any profit is still better than no profit.

    That's literally it. At this stage, you'll have turned your initial investment of $100 into $130. If that doesn't sound 'moonish' enough for you, please show me another investment in which you can make 30% profit in a matter of days or 1 or 2 weeks. It doesn't exist outside of a crypto bullmarket. At this stage, you just repeat the process. Yes, it's a grind, but this is going to take work and that shouldn't be a surprise.

    Conclusion: I think the reason why so many beginners end up losing money is because:

    - They buy into pumps when they should be buying lows

    - They overtrade, meaning they jump from coin to coin way too frequently and without any sort of strategy

    - They use leverage (if you're on twitter, asking your favourite influencer for entries, sell targets, stop losses, or how much leverage to use, you're not anywhere close to being ready for leverage)

    - They buy scam coins in the top 2000 thinking that's their path to Lambo Valhalla

    The guide I wrote works, and in terms of difficulty, it's probably 1 or 2 steps above just hodling a coin for the entirety of the bullrun. The one thing you need to do is take emotion out of the equation. When you're seeing a coin pump and you get that FOMO feeling, yep, that's 100% emotion. Realize there are hundreds of legitimate projects in crypto, and on any given day, some of those will be mooning. You can't be in every coin, and neither can anyone else. Be happy for other people's gains and practice patience waiting for yours, because it's a matter of when, not if.

    Cheers

    submitted by /u/Rusty_Charm
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    14% of Russians believe cryptos will replace fiat money in 10 years, survey shows

    Posted: 27 Apr 2021 08:42 AM PDT

    No, Bitcoin is not private, anonymous or untraceable.

    Posted: 27 Apr 2021 09:00 PM PDT

    There is a common misconception, that I thought I'd clear up. It is that Bitcoin is untraceable, private and anonymous. Bitcoin is very much traceable. I can easily track that $10 I used to pay for pizza, for as long as I want to. It may be a slight pain in the ass, but there are blockchain explorers that you can use to track BTC as is goes from wallet to wallet. Bitcoin is "anonymous". You don't not have a name or location linked to you as long as you do not send the crypto to a centralized exchange such as Gemini, Coinbase ect, or basically any KYC exchange. Because from that moment, all transactions that can be tied to your wallet(s) can be tied back to you. If I sent 1 btc to Gemini, they can see the whole path of where that BTC came from, and where it went. And so can anyone who has the wallet address. So the government and law enforcement, can track you. Also let's say, you pay someone .01 BTC for some tires, they can then check your wallet balance, and come and rob you (in person). So if you want privacy, use XMR (for no one to be able to trace you) or ZEC for only LE to be able to track you.

    Bitcoin is only as private as you make it. You can stay under the radar and anonymous if you don't send it to KYC exchanges. And not spend that crypto/tell people your wallet address.

    TLDR; Bitcoin not totally private and very traceable. If you want privacy get XMR, ZEC. If your gonna commit a crime use XMR, on second thoughts, just don't commit the crime ;)

    submitted by /u/KingOfNumismatics
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