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    Home Unlabelled Cryptocurrency New Moons Are Ready! (Round 12)

    Cryptocurrency New Moons Are Ready! (Round 12)

    April 22, 2021

    Cryptocurrency New Moons Are Ready! (Round 12)

    New Moons Are Ready! (Round 12)

    Posted: 21 Apr 2021 02:32 PM PDT

    The next distribution of Moons is ready. You can claim your Moons through the Vault in the Reddit mobile app (iOS/Android).

    Moons are r/CryptoCurrency's form of Community Points, a way for users to be rewarded for their contributions to the subreddit, and they can be used on premium features in the community.

    This distribution is based on karma earned from 2021-03-17 to 2021-04-13. Here is the finalized list, with contribution scores signed by Reddit (users with no signatures yet do not have a registered Vault. They will be able to claim their Moons when they create their Vault through the Reddit app).

    submitted by /u/CommunityPoints
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    Daily Discussion - April 22, 2021 (GMT+0)

    Posted: 21 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 The prior exemption for karma and age requirements is no longer in effect.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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    Doge paved way to a lot of scam coins: Beware of SH*T coins like Safemoon, Elongate, safemars, safegalaxy, safe whatever.

    Posted: 21 Apr 2021 06:39 PM PDT

    I see a lot of safemoon shills on every subreddit, youtube and Facebook. I just don't want to see more people falling for trash projects like these so please beware. The fake bots will already downvote this thread but I am hoping it will at least reach some actual users in here.

    Here are a few coins that I looked into that are completely scams but are widely being promoted.

    Safemoon, safemars, safegalaxy, elongate, Zepplin dao, ravenX, fox finance, moon pirate, moonrate, hungry bear. Basically any coin which says "they will give you coins for any transaction on the chain and then will burn x% more".

    The idea of naming it "Safe" "moon" should be a good enough of a red flag. Safemoon and these other coins has 1 wallet with more than 50% of the coins. You will see a hoard of fake users/profiles just trying to promote it. These coins have no utility, it is just a ponzi scheme with the entire idea being that people who come in last are gonna be bag holders and everyone below will make a portion of the bagholders investment if you bail out early before the rug pull. These people are trying hard to get you into safemoon etc. because they wanna hoard more money and they don't give a fuck about the people who are gonna be bag holders in the end.

    Do not think that lot of people are buying the coins and you are gonna be missing out on 100x gains, majority of the people posting screen shots or talking about their experience are fake profiles.

    How they try to entice you?

    1. They are going to show their profits
    2. They are going to promise exchange listing (Binance, Kucoin, their own exchange) which will never come I promise you.
    3. They say they are transparent because they put couple of stooges for some dogshit AMA
    4. They come up with some charity cause to make you feel not guilty about being part of a ponzi scheme or play on your good nature in general.
    5. They make the coin value be well below 1 dollar like ($0.0000001) so its more enticing to you to get in on, giving you hope that its going to reach 1 dollar someday LOL.

    It's mind blowing how some people play these mental gymnastics with themselves to justify their ponzi scheme. "I made 100x gains", "is it wrong for the little guy to make money", "i will put 50% of profits into legit coins".

    I don't want these shit coins to be the face of crypto for all the new comers. Stop promoting/getting into these scam coins for a quick buck, it is just gonna give crypto space a bad name.

    DYOR.

    submitted by /u/TJZenkai
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    SafeMoon rugpull ��

    Posted: 21 Apr 2021 02:47 PM PDT

    So the developers just held AMA where nothing was answered except they had a rapper there who talked about Porsches.

    Price tanked immediately 80 percent, and a wallet was found where somebody dumped OVER TRILLION COINS and cashed out 10 million USD.

    Best part?

    It's only 5 percent of his holdings.

    However, community is adamant to save the thing, and reload his next dump.

    Ponzi ❤️

    Edit 1:

    They made a thread with screenshots of my profile calling for my ban.

    FAMILY MUCH?

    Edit 2:

    Well this blew up. My first time being famous. Nice.

    I am talking to smart Redditors who know more than me to discover who is bleeding hundreds of billions of coins constantly.

    If you have spare time and some knowledge, jump in on the pursuit.

    hey hey heeey

    submitted by /u/AnitaEkberg30
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    Doge may be a memecoin, but it brought me to this community and made me invest in other crypto.

    Posted: 21 Apr 2021 09:53 AM PDT

    Back in february when the whole GME hype started, I saw a couple threads popping up that the Dogecoin comminity is planning to rise as well. It was too late for me to invest in GME as it already spiked, so I tried my luck with Doge and bought at 0.05€ for 50€. Not to be too risky with my first investment ever... 2 months later I cashed out (a bit too early) and made about 180€. So my total wallet was now €230, which I planned to invest in Doge again once the price dropped.

    Luckily the price stayed up and I realized that if I'd put my money back in Doge, I would only lose. Either the price stays up and I end up with less doge than I initially had or I buy when the price drops and end up with less € if it continues to drop.

    So I started looking for alternatives to invest my winnings. I searched for other "cheap" coins, that had a lot of potential to grow, by reading this subreddit and came across VET and ADA. I gained some confidence by profiting from the doge investment and deposited another €500 into my wallet. I put €300 into VET and 350€ into ADA. I might put the remaining €80 back into Doge. It's an unpredictable meme after all, so who knows what happens.

    I'm planning to create a more diverse portfolio if my current investment works somewhat out. Doge might not be the most popular among the altcoins in this sub, but it was a great starting point for me and made me interested in other crypto currencies. I also want to thank this community for being insightful, helpful and welcoming to crypto newbies.

    submitted by /u/phantomimp
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    SafeMoon, FairSafe, SafeMars, SafeFairMoon? What are all these coins! These coins are all coming from a decentralized launchpad, DxSale, I’ve been observing and watching this from the beginning and I’m here to explain it all!

    Posted: 22 Apr 2021 12:52 AM PDT

    What is DxSale?

    DxSale $SALE is a blockchain agnostic decentralized launchpad where anyone can launch their new project and the Devs have little to no control over launches. They also have DxLocker which is another product on their platform where anyone can lock their tokens, so devs can lock tokens on a vesting schedule, liquidity tokens can be locked, and if you wanted to prevent yourself from panic selling you could even lock your tokens. They also have plans to create farming and NFT platforms in the future. Their short term plans are a bridge to BSC, their token is live on BSC now and was originally only ether, once that is implemented they plan to launch DxSaleV3 to bring a ton of improvements for presales, then integrate $Zil to their platform. Currently they have Ether, BSC, and Matic/Polygon integrated.

    Launches

    There are two parts of the launchpad standard token launch or DeFi launches. Standard token launches are pre-defined contracts where DxSale retains ownership of the contract and compare to the DeFi launchpad are relatively safe. The action however is really going on in the DeFi launchpad. This is where anyone can launch their DeFi project and where we seen SafeMoon etc. launch. They can emergency cancel launches at certain points but the general gist is DYOR. Like I said I've been invested since early February back when only Ether was available and there were almost 0 launches. Then Binance smart chain launched. The devs implemented BSC onto their platform in a little over 2 weeks (Devs are great and why I am invested in their token). This platform has exploded, last I checked a couple days ago there have been over 1500 attempted launches with over 700 presales successfully launched.

    DxSale's cut

    DxSale takes a cut of every presale with a fee to list (.6 BNB) and they take a portion of every presale launch's revenue (2%), and a portion of their tokens (2%). The original plan for DxSale was to stake $SALE (their token) and stakers would receive tokens from every presale. They are no longer doing that because as it is blockchain agnostic it was near impossible to implement and a lot of presales are dogshit. If they did do that I'd have 7million USD worth of SafeMoon tokens… so yea a little salty about that lol. Their plan now is to use the revenue from the platform to purchase DxSale tokens from pre-sale revenue and then buy-back $SALE and burn it, increasing token price from the buy and then deflating the supply. The crazy thing to me is SafeMoon reached 5billion market cap…. DxSale is at 6million. Projects are launching on DxSale and surpassing their market-cap in days, crazy times.

    Scams Ponzi etc.

    Now of course anything being decentralized means there is no central gatekeeper which I personally love. This also however introduces the risk of scams. Let's define a couple types of scams.

    Rugpull – This has become a catch all term but has a specific definition. Rugpull is when whoever has access to the tokens in the liquidity pool pulls the liquidity from the pool. This leaves investors unable to sell the token as there is no liquidity. DxSale makes every sale lock liquidity to prevent this in DxLocker however this does not prevent the scams below.

    Dumping/exitscam – This is when Devs control a significant amount of tokens relative to the supply, the Devs will then wait for the price to pump on false promises and then proceed to dump all their tokens making money for themselves but then crashing the price

    Minting – This is coded into a smart contract, a minting function will allow a dev to mint as many tokens as they want which they can then sell. Basically like The Fed

    SafeMoon

    So SafeMoon launched back in March on DxSale and implemented an interesting feature. Originally RFIII introduced the concept of reflection, this is where transactions are taxed and you get tokens simply for holding your tokens in your wallet. This has been cloned by other tokens like SafeMoon, Grumpy Cat, etc. Then SafeMoon built on that concept and introduced their liquidity adding function. This adds an additional tax which will then take those tokens and place them in the contract, the contract at a certain level will then execute a sell order for half of those tokens, the BNB proceeds and the token will then be placed into the liquidity pool. This in effect gives investors increased confidence they will be able to sell their tokens as liquidity is added, and contributes to the deflationary metrics as these tokens are now only in the LP pool and not held by buyers/seller.

    SafeMoon 'clones'

    Like I said SafeMoon built off RFIII and launched on DxSale. This spawned a slew of SafeMoon clones where with little alterations besides supply, name, and taxing functions. These have all been launching on DxSale as they made the process extremely easy.

    Are ALL these coins Ponzi Schemes?

    It depends… There are a lot of tokens that are. SafeMoon for example has 0 product but plan to launch a DEX… in Q4. They have blown up mostly off stellar marketing from paid Youtubers, Tik Tokers, etc. There are SafeMoon clones that also have zero product but promises to build one. For example RiskHorizon was planning on building their own IDO launched and showed off a fancy UI. They however abandoned the project yesterday because they had the front end put together but could not find a Dev to actually build the backend… you know the most important part. There are others however that are actually trying to build something.

    SafeFairMoon for instance saw the nefarious activities of FairMoon and WarOnRugs, which you can read here in this medium article and decided they can help make the community safer by doing audits. They do quick checks of contracts when they can and post comments on DxSale pages warning of scams, but they also do audits of other Tokens for projects that want to give their investors confidence and to point out any scam potential as we defined above. Their plan is to then use revenues to buy back their token and burn it increasing token value like DxSale's new plan. (Full Disclosure I hold some)

    Should I invest in presales?

    I am not going to tell anyone what to do with their money. It is up to you whether or not you want to take the risk of investing in presales. The rewards could be staggering, or you could lose your money. As always the motto is DYOR. If you feel you're not experienced enough to, don't understand contract code, and have no clue what liquidity is or Tokenomics then I would recommend you stay far away. For those that do engage, happy hunting.

    submitted by /u/SweatyElk1
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    Safemoon is quite literally a ponzi scheme. If you own any, stop what you are doing and go sell all of it right now.

    Posted: 21 Apr 2021 03:21 PM PDT

    I can end with the title but I can explain more.

    I know I know another safemoon is a scam post but I feel like this particular point is getting lost on people and/or there are still enough bag holders and shillers here to perhaps create some doubt. And there are still bullshit posts like this from just 17 hours ago, and hundreds of millions in volume on Pancake swap, such that I feel like people need to hear this very, very clearly:

    Safemoon is a ponzi. It is explicitly designed to be a ponzi. They admit it is a ponzi on their website if you actually can get through the gobbledeygook explanation in their complete and utter joke of a whitepaper. So, let me now dispel any doubt that it is quite literally a ponzi in smart contract form.

    First let's define a ponzi scheme. From wiki:

    a form of fraud that lures investors and pays profits to earlier investors with funds from more recent investors.[2] The scheme leads victims to believe that profits are coming from legitimate business activity (e.g. product sales and/or successful investments), and they remain unaware that other investors are the source of funds. A Ponzi scheme can maintain the illusion of a sustainable business as long as new investors contribute new funds, and as long as most of the investors do not demand full repayment and still believe in the non-existent assets they are purported to own.

    Now let's consider safemoon's "tokenomics." If you read their "whitepaper" on their website, which I will not link to, they state the only revenue generation of the token is the 5% "fee" that is distributed to everyone from every transaction of the token. Another 5% goes to the liquidity pool on Pancake swap which they claim is to keep a "price floor", this is mostly irrelevant to the explanation, but it helps aid the scam by maintaining liquidity, since the coin relies on people buying it. (And it also gives it a veneer of authority as I suspect a lot of people have no clue what a liquidity pool is.) They also claim there is an a "burn wallet" which the developers admit they will only manually burn (i.e., they don't have to burn shit) as they see fit for the health of the token. (lol). Finally, their website explicitly encourages you to hodl your tokens so you continue to reap the 5% transaction fee from all the other people transacting the token.

    There is no other use of the token. None. It is purely by the developers own admission a smart contract designed to take money from someone buying or selling the token and give it to you. Or, to use the wiki definition, a new and advanced means of "pay[ing] profits to earlier investors with funds from more recent investors."

    So, we have all the basic conditions of a ponzi, right there in the white paper:

    • revenue generation from the token is entirely dependent on people buying more of the token;
    • the longer you hodl, "the more you make";
    • irrespective of how markets affect price, there is zero revenue generation if people stop transacting with the token, and
    • you are discouraged from selling the token by earning fees and being taxed on your way out (like in a traditional ponzi, where you'd be discouraged from ever cashing out as that would collapse the whole scheme).

    Keep in mind this is separate from just speculating on price. Every token has that component, but most tokens at least pretend to serve some sort of function irrespective of just speculating on price. A token's purpose could be as simple as a digital trustless means of transacting in some form of currency as an alternative to fiat. Safemoon does not even pretend to be that.

    I also occasionally see posts where they claim this is not a ponzi because old and new investors alike make money from the fee generation. This is simply a function of the way a smart contract ponzi can work, though. In a way it is a technical advancement in ponzi scheming, if you will. Old AND new investor transacting can add money into the scheme to satiate bag hodlers, you don't just need new suckers, you can live off a combo of new suckers and bag holders transferring funds or selling (as long as they are not collapsing the price) since everyone's transactions are contributing to the Pancake liquidity pool which can theoretically provide a constant market, even if no one new enters the scam.

    That's it. I suppose this is also useful to new people in the crypto scene. If you actually try to understand a token's stated purpose, it can be clear that a given token is in fact a scam without doing any other research.

    submitted by /u/illram
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    Call me a weirdo, but I think when crypto crashes hard it’s the most fun ����‍♂️

    Posted: 21 Apr 2021 06:28 PM PDT

    Whenever the price drops to a level my mind is uncomfortable with, and then drops another 10% from there, and I can FEEL the panic gripping me but I just watch and do nothing: I feel like that's the most fun moment I can have as a HODLer.

    And during my refractory period, when all hope is lost...and then the price begins to climb again in triumph? Can't beat that.

    I love the videos posted on here with the Monopoly Man saying "BITCOIN IS GOING TO ZERO" with the candle chart drop, followed by the pump up music and the rebound BLAST OFF MOTHER FUCKER!

    I'm an OG, from 2016. I cannot be hurt.

    So go on BTC, drop to 27k. It'll be my pleasure to buy more and watch it rip to 100k after.

    submitted by /u/ProfessorPurrrrfect
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    Anyone remember that time last week when the Moon post said we're getting 0.88 Moons per Karma? Turns out someone done messed up.

    Posted: 22 Apr 2021 12:53 AM PDT

    Anyone remember that time last week when the Moon post said we're getting 0.88 Moons per Karma? Turns out someone done messed up.

    You might remember this moon distribution post last week. Containing this fateful statement:

    Karma/Moons ratio: Each 1 point of karma in this round corresponds to 0.88 Moons.

    You might also remember a while ago when I ran the Moon math and posted this spreadsheet.

    ​

    So all I did when the karma data was posted is to total the karma and stick it in my spreadsheet, like this:

    https://preview.redd.it/3w3zev9tgou61.png?width=654&format=png&auto=webp&s=768d6228afdfd27955e70b9dfc35d45f8f6d7591

    And there we go, 0.46.
    So I commented my calculation. And boy did I feel the wrath of the downvote army!

    I questioned it at the time and a mod responded saying something like a load of burned Moons have been reintroduced, I just thought it was weird that it was almost exactly double my calculation. The mods don't have much more info than we do when it comes to these posts as they are from reddit admin.

    My comment with the 0.46 value went to -10 karma, but that's cool whatever, win some lose some I guess.

    Then the Moons drop

    Goddammit I was right all along.

    There are three possible reasons I think as to why it was 0.46 and not 0.88:

    1. There were supposed to be more Moons (burned or not claimed), but it didnt happen for some reason.
    2. Whoever wrote the post done messed up.
    3. I've got madder excel skills than the reddit admins. (Jokes, I love your work, pls dont ban me)

    ​

    So what lessons have we learnt today?

    1. Never trust anything written on the internet.
    2. My spreadsheet never lies.
    3. Stop moaning about getting half the Moons you were promised, its free magic internet money you get for shitposting.

    ​

    Now for the real magic:

    I guesstimate that the ratio for round 13 will be 0.39

    submitted by /u/IHaventEvenGotADog
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    I like BAT because I like the idea of the consumer being paid when they are the product

    Posted: 21 Apr 2021 11:17 PM PDT

    I have a totally different reaction to an ad popping up on Brave than I do, say, a commercial on television.

    On Brave I'm getting BAT for that.

    I'm presenting myself to be advertised to and it was consensual. I didn't just have to take it.

    I would be happy to get a cut of, say, the RH payment for order flow as well but we're talking about crypto here baby

    submitted by /u/TappetTappetTappet
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    Help (am embarrassed to ask!)

    Posted: 21 Apr 2021 06:44 PM PDT

    I see people talking about a coin that I can't find on any exchange, but it seems to be on everyone's mind—the elusive DYOR. I've looked on Coinbase and Pro, Binance and Kraken; I see DAI, DASH and DOGE, but can't for the life of me find DYOR. (I'm also going to do my own research, but I figured I'd start here.)

    Can anyone help??

    submitted by /u/admiralackbarrrrrrrr
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    Got some moons Enough to last a week.

    Posted: 21 Apr 2021 03:09 PM PDT

    Got my first set of moons today. Really happy to recieve them wether they are at 0.88 or 0.44 doesn't matter. The thing which matter is I made enough, being from a third world country truely puts you into perspective as to how much moons can help you out.

    As of now I have 100 moons and if converted to my currency it would amount to 650INR. That would be enough for anyone to get two times meal for a weak. And if I start making enough from shitposting. That is 15k×0.44 = 6600 Moons and if that converted that would be around roughly 42k INR.

    It's almost DOUBLE the amount of an average middle class person salary here. Heck it would be double the amount of I make currently. Just wanted to share this good feeling of recieving some moons and put a perspective out there that how moons are helping.

    Edit: Thank you guys for the overwhelming response. Didn't think I would get this much response. Once again thank you!

    Edit2: Again Thank you all for the overwhelming response. And also I appreciate you guys want to give me some moons but I'll earn them the right way ie by posting useful content that I have been doing. Also would like to thank few people who sent me some moons. u/memr5356 for sending 700 moons!! That's huge, u/tr33rt for another 100 moons, u/stkyrice and u/wtfomglols for sending their moons too.

    Also a lot of you were asking what are the moons here you can learn everything about them.

    submitted by /u/mybackhurts771
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    A quick crypto joke to brighten your

    Posted: 21 Apr 2021 10:46 AM PDT

    An old lady walks into an exchange with millions of dollars in BTC

    ​

    She lets them know at reception that she wants to open an account.

    ​

    Out comes the account manager and he takes her to his office to discuss what to do with her crypto.

    ​

    He asks her "If you don't mind me asking, how did you come into all this Bitcoin?"

    ​

    She replies "Well I like to bet."

    ​

    "On what? Horses?"

    ​

    "No on people. For example I bet you 5 BTC that by this time tommorrow, your balls will be square."

    ​

    He agrees, and the old woman leaves.

    ​

    The next day the manager wakes up and when he goes to bathe he examines his balls. Sure enough they're still round.

    ​

    The old woman comes to his office later in the day and he asks her "Whos this young man with you."

    ​

    She tells him "Oh don't worry about him he's just my lawyer."

    ​

    "Well I'm sorry to tell you but my balls are still round."

    ​

    "Oh dear. Well could I check to make sure?"

    ​

    The man reluctantly agrees and she examines and fondles his balls to check that they are indeed round.

    ​

    The bank manager asks the woman "Why is your lawyer bashing his head against the wall?"

    ​

    "Oh, well I bet him 100 Bitcoin that I would have you by the balls before the end of the day."

    submitted by /u/bluesmaster75
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    Coinbase announces large expansion into India. Hires Google Pay's Pankaj Gupta to head India operations

    Posted: 21 Apr 2021 07:54 AM PDT

    I lurked the 4chan crypto board for 2 months, volume 2:

    Posted: 22 Apr 2021 12:31 AM PDT

    I strongly suggest checking my Previous thread first if you haven't already, otherwise you will lack some much needed context.

    Some of you liked my previous thread so much that you wanted another, this time I will follow up on topics I mentioned previously and also expand in some new areas, plus a little extra at the end since people liked the weirder stuff so much.

    The most popular projects:

    • Ripple[XRP]: The 'cripple schizos' are going strong, from discussions with some informational value to religious propaganda, occasional mentions of reptilians and grasping at straws attempts to connect 'the breadcrumbs' regarding possible relistings, there is always something to chew on in their threads. Their memes are great, their insane price predictions are ranging anywhere between 1k$ to 10k$ EOY and their conviction is off the chains...this cult simply has it all. Also, being mentioned first on my previous thread made some of them think that it's a sign that they are 'going to make it'.
    • Chainlink[LINK]: The 'link marines' are going through a rough phase. After being probably the best performing asset during the long bear market, link is possibly the worst performing asset from the top 50 in the recent bull market and all the 'filthy nolinkers'(people who don't own any link) make sure to remind them of their lost potential gains. On top of that, Sergey once again betrayed them. The long awaited staking is still not finished, despite being discussed since 2019, so the marines hoping to make passive income still aren't able to. They suspect this is because Sergey is too fat to code. Despite this recent betrayal they are still loyal, their memes continue to be of the highest quality and there is no sign that the marines will be selling their stinky linkies anytime soon.
    • Bitcoin SV[BSV]: My favorite schizos have unfortunately become very rare, there were almost no threads in the last couple weeks. Ironically the only BSV schizos that popped out were on /biz/ threads about my first reddit thread. They went out of their way to inform everyone and especially me that there is NO irony regarding their belief that Craig Wright is the real Satoshi and that they are dead serious about everything I mentioned. They even doubled-down on their conspiracy theory that Tesla bought 1,5b worth of Bitcoin SV and not the actual bitcoin and supported it by 'unusually high buying volume at that time' and 'the Hal Finney article'.
    • Rubic[RBC]: There is definitely a cult in the making here. Since the disappearance of my favorite schizos, the 'rubic rangers' or as they also call themselves 'rubichads' became my go-to destination when looking for entertainment. Their threads are tremendous memefests, going from high quality memes to heavy amounts of FUD, copypastas, reverse copypastas, obscure larping, discussions about 'the great cubening' and memesters informing everyone that 'their rubic stays cubic', these threads are always a delight to scroll through.
    • Monero[XMR]: The 'XMR tax felons' are a self-proclaimed 'based privacy cult'. Whenever they are not worshipping 'monero-chan' or discussing their privacy on the internet, they focus on stuff like mining, technical fundamentals of monero and potential government regulations. Their memes are solid and their price predictions are surprisingly rational. They don't seem to care about short term gains as much.
    • Cardano[ADA]: Mostly negative consensus. Cardano threads are scarce but mostly disliked, and while it's often referred to as a 'ghostchain vaporwave', some people do seem to like Charles Hoskinson for his personality, calling him the 'most based CEO in crypto'.
    • Binance Coin[BNB]: Most often only mentioned during price movements and generally disliked due to it's centralization and often referred to as a 'ch**k scam', many anons threw their views out of the window the second it started mooning and have been very happy with the price development. There is definitely no loyal following here, however, they do like CZ and think of him as 'based'.
    • Ethereum[ETH]: The 'mETHeads' are a relatively small camp. Ethereum is also mostly only mentioned during price movements or in comparisons with the BSC, but they have a hilarious love and hate relationship with Vitalik, or as they like to call him 'the money skelly'.
    • Dogecoin[DOGE]: Almost identical situation to what was said previously about GME, they hate it...they hate it a lot. This coin is as much of a crypto representation of reddit as GME is the stock representation of reddit to them. One anon even went as far as to try to unite all the crypto camps and 'declare war' on reddit after doge became #5, saying that this 'clown market' will no longer be tolerated. I have no idea what that means.

    Other:

    • Suicide stack and make-it stack: They often don't use numeric value to measure numbers, but use various types of 'stacks' instead. Suicide stack has multiple definitions and not even they can come to a definitive conclusion as to what it actually means. Some say it is the minimum amount of coins one needs to own in order to not rope himself later when the coin moons, others say it is the amount of coins one needs to have in portfolio to make you want to commit suicide at some later date if you ended up losing it all before the coin moons during the bull market. Make-it stack is the amount of coins you need to have to 'make it' when the coin moons. The amount of coins these stacks contain changes over time as price changes.
    • FUD can be very bullish: As weird as it sounds, FUD can actually be a very bullish sign, anons go out of their way to fabricate lies and deliberately try to get people to sell in order to accumulate more at cheaper prices. Coordinated FUD campaigns are very real and actively bombarded projects can actually be very promising. This is known as the /biz/ IQ test, because if you fall for FUD and sell something that isn't a scam and eventually moons, it means that you have failed the test.
    • Technical analysis: Their view on TA is very divisive. People either take it seriously and discuss charts, patterns and their probability or get ridiculed and made fun of for being 'cringe' and 'unscientific', often comparing it to the likes of astrology, reading from tea leaves or children drawings hanging on a refrigerator, implying that it has zero fundamental value.
    • There is a lot of LARPing(live action role playing): People pretending to be bears or bulls, pretending to be rich or poor, pretending to lose or make money or be something they are not. It tends to be quite obvious and it's mostly just people being bored. A lot of them are 'NEETS'(Not in education, employment or training) so they are just looking to entertain themselves. They also take great pride in being 'NEETS', as it is more 'based' than 'wagecucking'(having a regular 9 to 5 job).

    Honorable mention:

    Gentlemen over at precious metals were unhappy that I didn't mention them the first time, so I had a look...and they didn't disappoint.

    • Precious metals general/PMG/: This camp is almost their own island. If society as we know it collapses 5 minutes from now, they are ready for it. They dislike both tech stocks and crypto, saying that crypto is for cucks and will get outlawed eventually and that the tech stocks are in a bubble that will burst hard when the economy inevitably goes to shit due to inflation. They love their shiny metals as much as their guns and ammo and they own a lot of both. They see these assets as the only thing that will protect their wealth in the upcoming economic apocalypse. Some of them believe that when it does happen, their biggest payday will come as people will rush to swap everything from their plummeting crypto and tech stocks into precious metals, all while they will be sitting comfy with a loaded gun and enjoy the show.

    Once again, this is by no means a 4chan hate thread, just a follow-up to my previous thread since a lot of people seemed to like the first thread. I might continue on a monthly basis if there are enough people interested.

    submitted by /u/redflu88
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    I made an exit strategy calculator based on the normal distribution and it's free for all to use.

    Posted: 22 Apr 2021 02:18 AM PDT

    TLDR: You can use the link to download a template excel file that allows you to input profit taking levels based on your risk and predicted bitcoin, ethereum etc price that you give with a 95% confidence interval.

    Link: https://www.mediafire.com/file/mnlnv8ys8x07rsi/Crypto_Normal_Distribution_Model.xlsx/file

    Many of us here don't yet have a solid exit strategy so I have devised a model based on the normal distribution. Even between institutions, no one can decide the predicted bitcoin price for the end of this bull cycle, so giving users a 95% confidence interval for where they believe bitcoin will peak is crucial.

    Users input their predicted bitcoin price (or equivalent for each asset) and their expected 95% confidence interval. You can then choose at which risk levels you want to take profits, e.g. I want to sell 10% when the probability of being at peak price is 50%, another 10% at probability of peak price being 60%, etc.

    Using probability, the total expected sales of the asset based on the prices you sell at and how much, allow us to calculate both a cash profit/loss (not including leftover crypto which hasn't been sold). To add further value, users can predict what % the market will crash to (set to 40% as default). From this, a total P/L can then be calculated, including both realised value (from crypto sold) and crypto left over after the crash.

    Hope this is helpful to some of those looking for an exit strategy based on probability and risk, rather than psychological many 'crypto influencers' suggest.

    Feel free to leave comments for potential improvement and other tools you may like to see.

    submitted by /u/Robindinho
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    How to get rich quick in Crypto

    Posted: 21 Apr 2021 07:11 PM PDT

    How to become rich: 1. Create a deflationary token with safe/moon/some kind of dog in the name. 2. Come up with some hypothetical use cases for it, some common ones: charity, NFT, meme, DEFI. 3. Implement nothing and promote like crazy on social media. 4. Dump

    I've seen this work about 20 different times in the last four days.

    in all seriousness be safe out there guys. If there's a project with some interesting tokenomics but you can't answer the question "why would I/anyone want this" outside of that you're likely to get rug pulled. Always compare what's promised with what's been delivered so far

    submitted by /u/YourAverageJoe12
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    Hypocrisy at it's finest

    Posted: 21 Apr 2021 12:49 PM PDT

    I'm earning more in ALGO rewards in a day than I make in 6 mo the in my Savings account

    Posted: 21 Apr 2021 08:29 PM PDT

    Algorand is a project I have been investing in since the beginning. I am currently earning $0.40 daily, and I plan to expand on that number shortly. I purchase ALGOs on Coinbase Pro, then transfer them to my Algorand Wallet.

    Today, ALGO had an all call where they announced they would be offering a new staking policy in 2022. Current staking rewards are 6-7% APY. The current proposal for 2022 is anywhere from 7.5 to 30% APY. The only stipulation next year will be that in order to claim the 7.5 to 30% rewards, you have to stake your ALGOs for 3 months at a time. Early withdrawals forfeits any rewards. This process is called "governance" and you'll be able to vote on new ALGO policies. Each ALGO you stake equals 1 vote.

    submitted by /u/Such-Fig-3879
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    Just a thank you.

    Posted: 22 Apr 2021 02:38 AM PDT

    I've been lurking the sub for a while, learning the ropes of Crypto, and granted this sub has its issues, however it does provide a much needed sense of community.

    I'm one of many who came into crypto with Doge to make a quick buck, and stayed because of the astounding projects involved with certain coins.

    So again, thanks to the experienced for not being total c**ts to us new crypto

    submitted by /u/Mmphilly-
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    Can someone link me to the Cryptocurrency sub FOR ADULTS?

    Posted: 22 Apr 2021 03:24 AM PDT

    For a while I thought I was in the right place, but I'm getting nervous now.

    I think I've been accidentally subscribed to the Romper Room version, populated by panic-selling, Doge-spamming, Safemoon-buying, zero-effort, moon-obsessed, emoji-smashing, paste-eating WallStreetBets rejects.

    I feel like I was enjoying a nice traditional holiday dinner and was suddenly moved to the kids table. I want to go home.

    Thx.

    submitted by /u/ObsoleteGentile
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    Don’t sit down on the toilet for too long staring at the charts and your portfolio!

    Posted: 22 Apr 2021 12:29 AM PDT

    We've all done this!

    It's not good for your spine and spinal cord, the compression of your sciatic nerves causing that all familiar bilateral leg numbness and weakness.

    If you strain too long as well then you will inevitably give yourself an enormous haemorrhoid.

    This is a public service announcement, written from the bottom of the stairs that I have just fallen down after tripping over my prolapsed pile. It's okay though. I'm not in pain because I can't feel my legs.

    submitted by /u/brit-coin
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    Don’t fall for the F.U.Ð articles; they’re literally pushed by people trying to trick you into selling your ₿itcoin to companies like theirs

    Posted: 21 Apr 2021 08:32 AM PDT

    The inevitable Safemoon exit scam appears to have started

    Posted: 21 Apr 2021 01:51 PM PDT

    Coinmarketcap and Coingecko are both listing it as down ~80% on the day. It's still listed at a 2.8B marketcap, so the fall is far from over. I'd get out while you still can. Funny that this is all happening right after the dev team is did a live AMA on twitch.

    The red flags were all there, and those who were constantly shilling the coin on this sub and were blind to the them will hopefully learn from this experience.

    Update: sigh...still being kept afloat after an initial big crash

    Update 2: the CEO is going live in 30min

    submitted by /u/ominous_anenome
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    We need to dispel this WRONG IDEA that ETH has "infinite supply" (MUST READ for Beginners)

    Posted: 21 Apr 2021 09:27 PM PDT

    We need to dispel this WRONG IDEA that ETH has "infinite supply" (MUST READ for Beginners)

    Recently, many newcomers have appeared in crypto subreddits and are interested in Ethereum. Inevitably, one of the questions they ask is about ETH's "infinite supply". Probably they got this wrong idea from some maximalist video or blogpost.

    ETH does NOT have "infinite supply", even water on the planet Earth is not infinite!

    1) Ethereum was designed to decrease ETH inflation to ZERO over the long term

    How this works is by having a linear fixed currency issuance, eventually the inflation rate will tend towards zero.

    Zero inflation is not good enough for you? Just read further on till you see deflation (EIP-1559)!

    ​

    Figure from Ethereum Whitepaper: https://ethereum.org/en/whitepaper/

    2) Many ETH tokens are permanently lost!

    There are many various reasons, from security breaches to human error, or even death. Sending ETH to a non-Ethereum address could also cause permanent loss. This happens to all coins, even Bitcoin.

    These lost ETH tokens can be considered as permanently removed from ETH's total supply, it is as good as they don't exist anymore.

    3) EIP-1559 (upcoming in July) will BURN the base fee, which will permanently reduce the ETH total supply.

    Burning the base fee creates an interesting feedback loop between the network usage and the ETH supply. More network activity = more ETH burnt = less ETH available to be sold on the market by miners, making the already existing ETH more valuable.

    Burning the base fee basically rewards the users of the network by making their ETH more scarce instead of overpaying miners.

    The fee burning mechanism also sparked a few discussions about ETH becoming deflationary. This would be possible if the block reward is lower than the base fee burnt. That would be the case, for example, during the recent DeFi gas fee craze where the network was constantly under heavy utilization.

    Read more: https://finematics.com/ethereum-eip-1559-explained/

    ​

    https://preview.redd.it/8mxfjalnjnu61.png?width=1024&format=png&auto=webp&s=675d33af2a2fecfb4a50dda839d45f10b8f4e6f7

    4) Princeton researchers have found that "fixed supply" of coins is UNSTABLE!

    Princeton researchers: https://www.cs.princeton.edu/~arvindn/publications/mining_CCS.pdf

    Vitalik has already realized this when writing Ethereum's whitepaper. For example, once a cryptocurrency's last coin is mined, do you think the miners will be satisfied with earning puny transaction fees? Answer is probably no. Strange things can happen then, as discovered by Princeton researchers. ETH is immune from this, thanks to early foresight by Vitalik.

    References:

    - https://learn.equos.io/news/how-does-eth-inflation-effect-its-value

    - https://www.finder.com/ethereum-inflation-rate

    - https://finematics.com/ethereum-eip-1559-explained/

    submitted by /u/ethereum88
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    Master List of Recent Beginners Guides

    Posted: 21 Apr 2021 06:32 AM PDT

    We've gained hundreds of thousands of newcomers in the past few weeks. Hopefully this master list can help answer any questions one might have about the crypto space. Any recommended additions would be greatly appreciated!

    General:

    Research:

    Passive Income/Staking:

    Trading/Exchanges:

    Misc:

    ​

    Huge thanks to u/Sea_Rooster_1298 for help with this list!

    submitted by /u/Gabgra11
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    Read more
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