Cryptocurrency Daily Discussion - April 27, 2021 (GMT+0) |
- Daily Discussion - April 27, 2021 (GMT+0)
- This subreddit cannot be trusted in any way shape of form anymore due to moon farming
- Unpopular opinion: The predictions feature adds no substance to this sub
- How much will the price of Bitcoin move by Monday, May 3rd?
- I'm not a fan of these prediction polls flooding the front page of the sub
- JP Morgan: “Bitcoin is worse than tulip bulbs. It won’t end well.” Also JP Morgan: “We will be offering a bitcoin fund to our clients.”
- How much will the price of Ethereum move by Monday, May 3rd?
- How much will the price of Dogecoin move by Monday, May 3rd?
- Most people don't realize how bullish it is that Tesla sold some of its Bitcoin
- How much will the price of Cardano move by Monday, May 3rd?
- Woke up this morning to $60K worth of crypto stolen from my MetaMask
- How much will the price of XRP move by Monday, May 3rd?
- Guide to Staking Proof-of-Stake Coins
- How much will the price of BNB move by Monday, May 3rd?
- How much will the price of Polkadot move by Monday, May 3rd?
- How much will the price of UNI move by Monday, May 3rd?
- Gaining the confidence to be your own bank PART #1: things you NEED to do when you first receive your hardware wallet
- Ethereum is an Infinite Canvas for Infinite Ideas
- Biden’s proposed capital gains tax rise will hit only richest 0.3% - I can't believe people fell for this FUD
- The best way to avoid capital gains taxes is to hodl until the IRS collapses. It really is that simple.
- The first ever Bitcoin post on reddit got downvoted 10-years ago.
- Ethereum Will Be Bigger Than Bitcoin and More Valuable Than Gold
- Unpopular Opinion: I upvote users that reply to me, even if I don't agree
- Can we all take a moment and give glory to the r/Cryptocurrency Mods who have grinded through the explosive growth of this subreddit so you can get free moons just for contributing and learning? Thank you.
- Tesla is taking profits, something that is completely normal and wise to do in business and investing.
| Daily Discussion - April 27, 2021 (GMT+0) Posted: 26 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:
Useful Links:[link] [comments]  | ||
| This subreddit cannot be trusted in any way shape of form anymore due to moon farming Posted: 27 Apr 2021 12:59 AM PDT Every single post here is suspect to be a lie, jsut to farm moons, especially those sob stories where people lose something and they dont really seem to care about it and post about it on reddit. Moons are ruining this subreddit, every post, every comment has a potential agenda.. [link] [comments]  | ||
| Unpopular opinion: The predictions feature adds no substance to this sub Posted: 27 Apr 2021 01:43 AM PDT Yes, some people will think it is cool that you can vote on what you think the price will do. However, the predictions are just low-quality posts that ask what you think a certain coin will go in a week. If someone was to post a poll with options on where the price of BTC will go in a couple of days they would get taken down for a low-quality post. It is pointless and has little to do with actually educating the community on crypto. Edit: Someone made the point that it also is bad for newbies, could lead to them following the predictions and losing money Edit: instead of low quality predictions instead put some thought behind it. Not mad at predictions just frustrated with how they implemented it [link] [comments]  | ||
| How much will the price of Bitcoin move by Monday, May 3rd? Posted: 26 Apr 2021 10:23 AM PDT Reference price: $53,693.29 Data will be sourced from CoinGecko FILTERING CRITERIA: 1w, USD, Linear Chart, Close Chart Winning results will be based on the price at 12 pm PDT on May 3rd. Results of the prediction will be revealed between 11:59 AM PDT and 11:59 PM PDT the day after the prediction date. [link] [comments]  | ||
| I'm not a fan of these prediction polls flooding the front page of the sub Posted: 26 Apr 2021 12:47 PM PDT Generally speaking, I don't care much for them. And even then, it seems like an easy way to lead people down the wrong path. Not only does nobody have a clue what any coin will do, people are then just taking random guesses. This is dangerous as users (especially newbies) will get the wrong idea and further confirmation bias. This already happens in the comments, sure... but nobody even has to put any DD or reasoning. They can just click a button. [link] [comments]  | ||
| Posted: 26 Apr 2021 08:16 PM PDT
I feel like we should create a comprehensive list of past Bitcoin skeptics who've become crypto HODLers. This will help the community with talking points and whatnot. Do you know of any other skeptics who became HODLers? Post their name in the comments with 2 links (before/after) so we can turn this into a comprehensive list and keep expanding on it as time goes on. [link] [comments]  | ||
| How much will the price of Ethereum move by Monday, May 3rd? Posted: 26 Apr 2021 10:23 AM PDT Reference price: $2,509.37 Data will be sourced from CoinGecko FILTERING CRITERIA: 1w, USD, Linear Chart, Close Chart Winning results will be based on the price at 12 pm PDT on May 3rd. Results of the prediction will be revealed between 11:59 AM PDT and 11:59 PM PDT the day after the prediction date. [link] [comments]  | ||
| How much will the price of Dogecoin move by Monday, May 3rd? Posted: 26 Apr 2021 10:40 AM PDT Reference price: $0.270820 Data will be sourced from CoinGecko FILTERING CRITERIA: 1w, USD, Linear Chart, Close Chart Winning results will be based on the price at 12 pm PDT on May 3rd. Results of the prediction will be revealed between 11:59 AM PDT and 11:59 PM PDT the day after the prediction date. [link] [comments]  | ||
| Most people don't realize how bullish it is that Tesla sold some of its Bitcoin Posted: 27 Apr 2021 12:36 AM PDT Those who got reactively mad at Tesla for selling Bitcoin totally missed the point that it was to prove that it can actually bring profits to a company. Tesla didn't purchase Bitcoin that cheap yet they were able to make $100 million in profit while still maintaining the strong majority of their holdings. This is likely to create FOMO both in individuals and especially other companies. In other words: Bullish! [link] [comments]  | ||
| How much will the price of Cardano move by Monday, May 3rd? Posted: 26 Apr 2021 10:38 AM PDT Reference price: $1.24 Data will be sourced from CoinGecko FILTERING CRITERIA: 1w, USD, Linear Chart, Close Chart Winning results will be based on the price at 12 pm PDT on May 3rd. Results of the prediction will be revealed between 11:59 AM PDT and 11:59 PM PDT the day after the prediction date. [link] [comments]  | ||
| Woke up this morning to $60K worth of crypto stolen from my MetaMask Posted: 26 Apr 2021 03:03 PM PDT Hi guys, I woke up this morning to find my MetaMask wallet was empty. Overnight, someone withdrew 22 ETH worth over $60K (My life saving pretty much, I'm 27 and was aiming for a small apartment to live in) My wallet (Account 1) address https://etherscan.io/address/0x374d51543db6c697eed85fe7fd9fa485201f34a9 It seems to end up on the an Exchange named FixedFloat, you can track the transfers and final deposit here https://etherscan.io/address/0x4e5b2e1dc63f6b91cb6cd759936495434c7e972f About 4 days ago, I downloaded a software called LimitSwap to purchase a new token the moment it is listed. This company is run buy a man who goes by the name Crypto Gnome. His trading software requires you to input your private key so it can execute trades. I asked about this in the telegram group and a bunch of people immediately reassured me this is normal, the bot only runs on my computer and needs the key to make trades. The developers would never have access to the key. My computer has never been compromised before, only in the few days since I inputted my key into his software. Basically the amount of people who claimed to be fellow customers reassuring me gained my trust. Looking back, this was incredibly gullible of me. https://www.limitswap.com/ https://www.youtube.com/watch?v=i5qWpyoWPMk&ab_channel=LimitSwap I contacted him but he his is not very helpful at all. He is accusing me of lying and never using his software, even though you can trace the token I had to buy to use his program named $LIMIT 0x0C18E6072890e12bFe228f5979B1c92708D9F7C7 Any ideas how to proceed from here would be greatly appreciated. For anyone reading this, please go buy a cold wallet right now. Also never share your private key with anyone, even your grandmother. I was way too relaxed about my crypto and there are people at every corner with plans already hatched on how to steal your assets. Be careful out there don't trust anyone or any software claiming to need your private key. I made this from nothing so I guess I'll just have to start again. Not the end of the world but a very expensive lesson. EDIT: Someone mentioned to offer a reward for whoever can trace the crypto and get it frozen. I am 100% willing to give a large finders fee to whoever can help. Shoot me a DM. [link] [comments]  | ||
| How much will the price of XRP move by Monday, May 3rd? Posted: 26 Apr 2021 10:35 AM PDT Reference price: $1.29 Data will be sourced from CoinGecko FILTERING CRITERIA: 1w, USD, Linear Chart, Close Chart Winning results will be based on the price at 12 pm PDT on May 3rd. Results of the prediction will be revealed between 11:59 AM PDT and 11:59 PM PDT the day after the prediction date. [link] [comments]  | ||
| Guide to Staking Proof-of-Stake Coins Posted: 26 Apr 2021 09:41 PM PDT Hi everyone, I've been seeing more people asking how to stake certain cryptocurrencies in the daily threads and I thought I'd compile together a list of helpful/useful links that would direct you on how to begin staking your favourite Proof-of-Stake coins using software wallets - some of the cryptocurrencies in the list may also be staked using a hardware wallet such as the Ledger for example. I will list the more popular ones and continue to edit this post. Here is a very useful article of what staking is for the newer folks who are just getting started: Proof of Stake List: Algorand (ALGO): How to stake ALGO using Exodus How to stake ALGO using the Atomic Wallet Staking ALGO with MyALGO web wallet Official Algorand Wallet to get started with staking Ankr (ANKR): Binance (BNB): How to stake BNB in the BNB Vault on Binance How to stake BNB using the Trust Wallet Cardano (ADA): How to stake ADA using Daedalus Wallet How to stake ADA using the Yoroi Wallet How to stake ADA using the Atomic Wallet Cosmos (ATOM): How to stake ATOM using the Atomic Wallet How to stake ATOM using the Keplr Wallet How to stake ATOM using the Cosmostation mobile wallet Ethereum (ETH): How to stake ETH on Binance (for 2.0) How to stake ETH on Coinbase (for 2.0) How to stake ETH on Kraken (for 2.0) How to stake ETH on Rocketpool (for 2.0) - decentralized staking - to be updated when mainnet launches. Harmony (ONE): How to stake ONE using the Trust Wallet through Frontier How to stake ONE using Everstake ICON (ICX): How to stake ICX using the Atomic Wallet How to stake ICX using the official ICX wallet Matic/Polygon (MATIC): How to stake MATIC on MATIC Mainnet Neo (NEO): How to stake NEO using NEON wallet Stake NEO using the Atomic Wallet Qtum (QTUM): How to stake QTUM using the QTUM Web Wallet Stake QTUM using the Atomic Wallet Secret Network (SCRT): How to stake SCRT using the Keplr Wallet Tezos (XTZ): How to stake XTZ using the Trust Wallet How to stake XTZ using the Atomic Wallet How to stake XTZ using Magma Wallet Vechain (VET): How to stake VET using Vechainthor wallet Waves (WAVES): How to stake WAVES on Waves Exchange Zilliqa (ZIL): [link] [comments]  | ||
| How much will the price of BNB move by Monday, May 3rd? Posted: 26 Apr 2021 10:23 AM PDT Reference price: $538.07 Data will be sourced from CoinGecko FILTERING CRITERIA: 1w, USD, Linear Chart, Close Chart Winning results will be based on the price at 12 pm PDT on May 3rd. Results of the prediction will be revealed between 11:59 AM PDT and 11:59 PM PDT the day after the prediction date. [link] [comments]  | ||
| How much will the price of Polkadot move by Monday, May 3rd? Posted: 26 Apr 2021 10:43 AM PDT Reference price: $33.00 Data will be sourced from CoinGecko FILTERING CRITERIA: 1w, USD, Linear Chart, Close Chart Winning results will be based on the price at 12 pm PDT on May 3rd. Results of the prediction will be revealed between 11:59 AM PDT and 11:59 PM PDT the day after the prediction date. [link] [comments]  | ||
| How much will the price of UNI move by Monday, May 3rd? Posted: 26 Apr 2021 10:45 AM PDT Reference price: $36.20 Data will be sourced from CoinGecko FILTERING CRITERIA: 1w, USD, Linear Chart, Close Chart Winning results will be based on the price at 12 pm PDT on May 3rd. Results of the prediction will be revealed between 11:59 AM PDT and 11:59 PM PDT the day after the prediction date. [link] [comments]  | ||
| Posted: 26 Apr 2021 11:21 PM PDT There has been a lot of recent discussion talking about how exchanges are possibly a safer place to store your crypto than hardware wallets. The biggest argument for solely using exchanges is that people feel too scared or uneducated in managing their own tokens. If there is interest, I will turn this into a series of confidence building posts aiming to educate newer crypto users in becoming their own bank. Becoming your own bank is one of the core aspects of crypto, and if too many people prefer centralized options, it will take significantly more time for adoption to take place. Part 1: things you NEED to do when you first receive your hardware walletI have posed this advice before, but I'm hoping this time around many people on the fence can see that you just need to take a few precautions to keep your tokens safe. If you fully understand the below there is no reason not to trust you or your device to keep everything safe. Legitimate devicesIn 99%+ of cases (99% is a low estimate) you will receive a legitimate hardware wallet. However, there have been cases of fake Ledger/Trezor wallets, or even wallets already set up (more on this below). How to ensure your Ledger is genuine. How to ensure your Trezor is genuine. These steps are particularly important if you buy from places like Amazon where there is very little individual stock quality control. Your seedWhen setting up your hardware wallet for the first time, you will be generating a BRAND NEW SEED. If you did not do this step during the setup, it's possible that someone has set it up, hoping you don't notice. They then monitor your wallet for transactions and drain your wallet. Every wallet has a process of generating your seed, then displaying it for you to record. This applies to every type of wallet, so if this isn't something you did you should investigate ASAP as your funds may be at risk. Factory resetAfter you have properly set up your new wallet and have noted down your seed, it's time to wipe your device. Yes, this is necessary. Before sending a single transaction to your new address, factory reset your device and recover it using your seed. This ensures you have noted down your seed correctly and you are capable of restoring your wallet if it gets damaged or stolen. I personally know people who had no trouble setting up their wallet, but needed a lot of help recovering it. Practicing this with a zero-balance wallet is an extremely valuable exercise. This is such an important step that too many people don't do. Always practice disaster recovery as hardware devices will always eventually fail. It may be 15 years from now, but hardware doesn't last the test of time. Also worth noting - your seed can be used to recover your wallet across another medium. For example, the seed from your Trezor can be put into a desktop wallet like Exodus and you will be able to access everything. [link] [comments]  | ||
| Ethereum is an Infinite Canvas for Infinite Ideas Posted: 26 Apr 2021 11:09 AM PDT
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| Posted: 26 Apr 2021 02:16 PM PDT
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| Posted: 26 Apr 2021 03:36 PM PDT Hear me out for a second: has any fiat currency from any point in history ever stood the test of time? Assyria and Babylon once ruled the world, but nobody uses their currency anymore. Same with Rome. Same with Greece. Same with every empire that ever ruled the world that had an economy based on fiat and tax collectors. Therefore, I shall HODL until the IRS collapses because my history book said this is the way. Not financial advice. "I may be early, but I'm not wrong." [link] [comments]  | ||
| The first ever Bitcoin post on reddit got downvoted 10-years ago. Posted: 26 Apr 2021 01:12 PM PDT | ||
| Ethereum Will Be Bigger Than Bitcoin and More Valuable Than Gold Posted: 26 Apr 2021 05:27 PM PDT
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| Unpopular Opinion: I upvote users that reply to me, even if I don't agree Posted: 27 Apr 2021 04:11 AM PDT It can be frustrating when you have a controversial opinion and get downvoted to hell. I see loads of deleted posts on here because a legitimate comment is not the "accepted" or "popular" opinion, and the commenter is scared of losing their karma. I'm not talking about downvoting people who say "such and such shit coin is fast, fee-less and the future". This isn't useful in any way, its just lazy shilling. I'm talking about when you downvote someone who says "I think this shit coin is one to watch, because while having the qualities of this other shit coin that is fast and fee-less, this article shows that the developers are working on smart contracts that are expected to be completed within 2 weeks. Looking at the history of the coins goals, this is realistic as they have always achieved their goals early." Next time you disagree with someone's comment, if it's constructive, consider upvoting them to thank them for taking part. Maybe even mention in your reply that you have, and you might get an upvote back! [link] [comments]  | ||
| Posted: 26 Apr 2021 11:17 PM PDT Hands down, r/Cryptocurrency is the best subbredit on this entire site. Hell, even the automod has my love. I can't wait to see what this community is going to look like in 1 year, 5 years, and 10+ years. Keep doing a great job. They once said the sky was the limit, but we landed on the damn moon. [link] [comments]  | ||
| Posted: 26 Apr 2021 09:09 PM PDT This "diamond hands" crypto cult culture is not the best advice. It has worked well so far in hindsight, and it might work out in the future, but Tesla taking profits on a massive investment is not a sign of concern. It's what many of you should probably be doing. 10% is a small portion of the original investment and they've made a huge return. Yes, they're going to secure some of those profits. Maybe some of you who criticize anyone who even thinks of selling a portion of their crypto need to learn from this. You praised Elon as a crypto leader when he bought, so maybe you should learn a thing or two from how he deals with profits. [link] [comments]  |
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