Cryptocurrency Daily Discussion - June 7, 2021 (GMT+0) |
- Daily Discussion - June 7, 2021 (GMT+0)
- President of El Salvadore on twitter: No Capital Gains taxes to be paid for Bitcoin, and Permanent Residence (greencards) will be granted for crypto entrepeneurs!
- First Bitcoin Billionaires Winklevoss Twins On Bitcoin: "We’re HODLers Until At Least $500,000”
- New peeps and vets: open vault so we can send moons.
- New to CryptoCurrency/Blockchain and want to learn about Finance and Economics? Here are some FREE Educational Courses on Finance, Economics, CryptoCurrency, and even Math and Law (US). Spend the Summer learning, for free.
- Max Keiser caught lying. Claims he bought a home in El Salvador. The home is actually in Costa Rica. BTC needs to rid itself of these charlatans
- If you lose money people will think you’re an idiot. If you make money no one will want to hear about it.
- Bitcoin's biggest threat is it's culture
- The vision of Nano - an instant, feeless and green crypto. (Micro)payments, remittances, donations, and a secure store of value for everyone.
- Upvotes are not only about moons - it helps visibility for content - Technical, Helping posts should be appreciated instead of shitposting.
- Paraguay Hints at Making Bitcoin a Legal Tender After El Salvador
- NOW, A Congressman from Paraguay changed to laser eyes and has said a Bitcoin and Paypal announcement is coming this week!
- [META] It's a little sad to see this community shitting on the BTC Conference after seeing a few clips go viral. This community avidly defended crypto FUD last month but seem to be falling for it this month
- Under absolutely no circumstances take a loan to buy crypto or take a loan instead of selling crypto
- Miami Mayor uses Algorand wallet and demostrates how fast and easy it is to transfer funds!
- Ok market manipulators, Btc volume looks to be the lowest it’s been this cycle. The whales have stoped accumulating. You can let the price go up now...
- Best DD ever part 2 - my mom rates crypto based on their logos
- I bought BTC
- Debunking Elon's Influence on the Cryptocurrency Market
- ATA didn’t go up 4000x, so don’t go all in
- I'm not sure if it's real or out there in the wild....
- After El Salvador, Paraguay Hints at Bitcoin PayPal Project
- Bitcoin may be legally classed as 'Money' in the US if officially recognized as legal tender by El Salvador.
- Apple announcing crypto emojis would move the price more than El Salvador did
Daily Discussion - June 7, 2021 (GMT+0) Posted: 06 Jun 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] | ||
Posted: 06 Jun 2021 06:53 PM PDT
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First Bitcoin Billionaires Winklevoss Twins On Bitcoin: "We’re HODLers Until At Least $500,000” Posted: 06 Jun 2021 11:14 AM PDT
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New peeps and vets: open vault so we can send moons. Posted: 06 Jun 2021 04:48 PM PDT Ok so in order to get any moons ever from this sub you need to open your reddit vault. In the app at home screen pull from left and access the vault, then open. Once done if you make a comment, others can tip you moons. I see many new faces and older faces with no vault. I often want to send 1 or 2 to help get someone off 0 but cant. Open vaults to receive moons Edit: kinda spent almost 2 and half hours giving moons out. Its 3:26am now so have to try and sleep. (For real this time) P.s 3.48 phone buzzing like nuts and im not dozing yet. Ill distribute some more tomorrow . anyone wishing to help me can rest assured it will be redistributed. 10 moons from u/its_ya_boi_wulf [link] [comments] | ||
Posted: 06 Jun 2021 04:07 PM PDT Last month I made a post about Free Educational courses on Learning to become a Developer. The post became very popular and I hope it inspired many people to begin down that path, as they CryptoCurrency industry certainly could use more developers! One thing the CryptoCurrency industry could also use more of, is Finance and Economy experts. Because of this, I decided to compile another list of Free Educational courses on Finance, Economics, and related topics. As with the previous post, all courses listed here are Free to take, and come with Free Certificates of Competition or Digital Badge equivalents. The main providers are Saylor Academy and National Paralegal College. Finance
Economics
CryptoCurrency / Blockchain
Bonus: Math
Bonus: Law (US-only)
Happy learning friends! (Note: If you have additional Educational Resources, please post them in the comments and I will update this list accordingly.) [link] [comments] | ||
Posted: 07 Jun 2021 12:44 AM PDT
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Posted: 06 Jun 2021 11:52 PM PDT
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Bitcoin's biggest threat is it's culture Posted: 06 Jun 2021 05:54 PM PDT I've been a believer in and a holder of bitcoin for a few years now. I enjoyed taking the time to read and learn about the technology behind it. Setting up wallets and discovering new ways to use it. I invested some money in it and watched with glee as the price went up and up and up. However, this weekend's event in Miami has revealed a major flaw that has snapped me back to my senses. The culture. Previously, when I would read people criticizing bitcoin outside of crypto subs, I would usually think to myself, "This idiot just doesn't get it yet. They haven't taken the time to learn and they will regret it later. Have fun staying poor" etc. Now I'm starting to realize, I'm the one who didn't get it. Among the many brilliant minds speaking at the bitcoin conference, we have Dan Held, Director of Growth Marketing at Kraken.
FOMO is an emotion that's frequently mentioned on this sub and those that have been around for a while often try to coach newbies on how to avoid falling victim to it. And here we have someone responsible for leading crypto marketing strategies, explaining how this fear of missing out is THE path to mass adoption. This is the public strategy and this is the lens that the mainstream world sees bitcoin through. Here is a guy who bought in for 10 dollars, and is openly admitting he will exploit my emotions to get me to pay $35,000 (and much, much more) for it. And why should I buy it? Because price goes up forever. That's it. That's the utility being sold. But who benefits the most from this number go uptm technology? The new guy who bought .5 BTC at $35k or the guy who bought thousands at $10? Even if new adopters end up loosing most of their money, those that got in years ago still won big. The more they can stoke this fear, the bigger they win.
What a complete load of nonsense. I was already well aware of Bitcoin's toxic culture, but I always assumed this would fade away out of necessity of the bigger goal of mass adoption. Instead I see it's being embraced and encouraged. A toxic culture is completely antithetical to freedom. Any discussions of other cryptocurrencies in a positive way is not a topic allowed for discussion on their sub or at this weekend's event. I would argue that this toxicity leads to a very centralized point of view that is controlled by those with the most influence in the culture. I thought that a culture that constantly espouses decentralization would encourage the free expression of ideas. I was wrong. Even Erik Voorhees was booed for calling this out as bullshit. Add to this the many other widely circulated clips that make me cringe with embarrassment, and I now understand why those that don't get sucked in by the technology or by FOMO just see bitcoin as a bunch of charlatans peddling snake oil. This felt more like watching a tent revival than a celebration of a new technology that could revolutionize our financial system. This isn't just the opinions of a handful of zealots who are not representative of the culture. These are influential voices that were given a spotlight and widely applauded. These ideas are widely shared and have found strong consensus on social media. I know, I know. Bitcoin doesn't care what I think. Bitcoin has El Salvador now and the number goes up technology works just fine without me. But if Bitcoin or any other cryptocurrency is going to truly succeed, it's not just the technology that needs to be able to scale. The culture has to be able to scale as well. [link] [comments] | ||
Posted: 07 Jun 2021 01:11 AM PDT
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Posted: 07 Jun 2021 03:18 AM PDT My request: If you really want to downvote a post, please provide some information why. Content creators are getting heavily discouraged about no-reason downvote waves and it hurts everyone. If you provide feedback or critics, then you help the content provider to improve. I am really starting to get angry about the current sentiment of this sub. EVERYTHING is downvoted instantly as soon as it's posted or commented. I go through the posts by new and 80% of the comments are sitting with 0 or -1 because of the downvoting bots or users, I can't decide. You see posts with 15-25-30 comments and 1-2 upvotes only and every time I refresh on them, they go back to 1 or 0, constantly downvoted regardless of the content. I upvoted everything so far which wasn't harassment or negative attitude towards the others, because I wanted to counter these "attacks", but it looks like a lost battle. If it's not a controversial post about moons or a sob story (I like some of them too to be honest) then it won't reach front page. Posts about tech or news barely reach anything. Please if you like a post support it, not just comment, because it won't get any exposure and won't reach more users. [link] [comments] | ||
Paraguay Hints at Making Bitcoin a Legal Tender After El Salvador Posted: 07 Jun 2021 01:13 AM PDT
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Posted: 06 Jun 2021 09:41 PM PDT
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Posted: 06 Jun 2021 06:40 PM PDT I'm sure many of you have seen the clips that have gone viral from BTC's Miami Conference.
The thing I want to point out that should be obvious, is that the BTC Conference was a multi-day event with dozens of speakers. There was 8 hours of live streamed content every day. People discussed topics like
On top of all this we heard very inspiring stories about how BTC is changing lives around the world. Scott Harrison's clean water for Africa charity using BTC. Jack Mallers was so emotional talking about El Salvador and how he believes switching to sound and hard money will help empower the underprivileged. It was inspiring to see how much he truly cares. https://www.youtube.com/watch?v=_59hrgTiRJU There was SO MUCH good and quality stuff that came from this conference yet the r/cryptocurrency community is treating it like it's the enemy and not an ally bc some maxis pissed them off. The lesson here is to not fall for headlines. Similar to how you all looked passed the mass media FUD last month, I encourage you to look passed it again and see what really took place in Miami. https://www.youtube.com/c/BitcoinMagazine/videos Above is the channel that posted each panel as a separate video so they're easier to find. I suggest some of you watch them and see how calm, educational, rational and interesting many of the panels were. Last thing- I can't find the clip (someone help) but the toxic maxi crowd was ridiculed by the panel that followed them and that got cheers from the crowd. Something that obviously won't go viral bc vitriol and mockery is entertaining, but truth isn't. [link] [comments] | ||
Under absolutely no circumstances take a loan to buy crypto or take a loan instead of selling crypto Posted: 07 Jun 2021 12:46 AM PDT I've just seen this thread and it is such bad advice that I wanted to make a counter-thread: If you need to liquidate your crypto, consider borrowing fiat instead of selling. Long story short: if you assume (!) your crypto holdings increase in value at a rate of 20% per year, you would be better off taking a loan with 14% interest instead if you want to buy something and don't have enough fiat. This is a really, really bad idea. Sure, if you crypto grows 20% a year you would have more money that way, but 1) your crypto could go to zero and 2) you could lose your source of income and be unable to pay off the loan. Sure, there are situations where you have to take a loan. But if you don't have to and have crypto you could sell instead, definitely do this. Of course buying crypto is always risky, but most of us know that our crypto could go to zero and invest accordingly. Taking a loan and keeping your crypto instead breaks the "don't invest more than you can afford to lose" rule (actually you already made this mistake at this point, but you're ruining your chance to compensate for this mistake, thanks u/MyNameFitsPerfec for pointing this out), do. not. do. this. [link] [comments] | ||
Miami Mayor uses Algorand wallet and demostrates how fast and easy it is to transfer funds! Posted: 06 Jun 2021 02:37 PM PDT
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Posted: 06 Jun 2021 01:43 PM PDT Hey manipulators! The whales seem to have finished accumulating what little they waned to accumulate, you can let the price go up now. Volume looks to be the lowest it's been at least since the peak. (Apparently whales bought back 50 000 btc after selling 130 000. If my maths works out, that means the whales bought back a bit under half their bags for about 1 quarter the sell out value of their portfolios and cashed out 3 quarters of the portfolio value. solid move whales.) Anyway, for the rest of us, now that they have finished buying and you manipulators somehow kept the price low while they did that, can you let it go up now? Manipulators? Can you hear me? [link] [comments] | ||
Best DD ever part 2 - my mom rates crypto based on their logos Posted: 07 Jun 2021 01:42 AM PDT So you may have seen my last post about my mom rating the top 10 cryptos by their logos… well she's back! To resume, my mom got a little bit into cryptos, she don't understands it and she only buy based on their logos (and eventually the name). So I wanted to share her amazing knowledge with y'all! For this one, I took some suggestions from y'all under my last post as well as some of my fav (and some of hers). If you want another one, let me know which one below for the next time! Let's go 1 - MATIC Not bad, but not amazing either, the "S" looks like the S young people did in the 90s, shade on the logo makes it look like the moon so that's pretty nice 8/10 2 - TEZOS (Her absolute favorite, first crypto she ever bought). Looks very beautiful, simple yet efficient, police chosen is amazing 11/10 3 - ALGO Meh, it's fine, nothing very original about it, just a basic logo, not very attractive 5/10 4 - MONERO Color choices are definitely not the best, however great design, looks a bit like wolf ears 6.5/10 5 - MAKER She likes it, original design, great color choice, it's green so even if it's going down, the logo gives you hope it'll be in the green soon. 8.5/10 6 - xMOONS Kind of looks like cheese, not really like the moon, the holes in it makes it look like it's doing a concerned " :o " face, not bad. 7/10 7 - NANO Nice color choice, the dots in the logo looks like that "connect the dots" game, very simple but also different from the others, it's nice 8/10 8 - VET Probably one of the worse logo in her opinion, same as said in the previous post, a kid could've made it on paint with windows 95, only the color raise the grade a little bit 3.5/10 9 - SOL Pleasant to the eyes, the gradient of colors are a nice touch, nothing much to say but it's nice 8.5/10 10 - ATOM Very "scienty", make sense knowing the name of the coin, however, not very original 7/10 And that's it for today! I'll bother her with this some more if you like it and you want more! As said before, let me know below which coin you want her to rate! To resume, 1st place for TEZOS, 2nd tied for maker & SOL and 3rd place tied again for MATIC & NANO This is totally financial advice [link] [comments] | ||
Posted: 07 Jun 2021 01:50 AM PDT Hi guys, Since I started crypto in January, I only bought alts and ETH (and shitcoins), because I thought that BTC price was too high. But since few weeks, I understand that BTC will always be here with ETH. So now I will buy BTC and ETH often, and less in the alts. I bought 0.002 BTC today. This is something different to hold this coin, I don't know how to tell but this is more sure I believe. I can't imagine what is it to hold 1 BTC. Thank you for reading guys. [link] [comments] | ||
Debunking Elon's Influence on the Cryptocurrency Market Posted: 06 Jun 2021 05:30 PM PDT
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ATA didn’t go up 4000x, so don’t go all in Posted: 07 Jun 2021 03:19 AM PDT There has been a lot of fuss about ATA coin going a massive 4000%+ . This is not true so dont go yoloing in it and FOMO. This is completely normal when Binance launchpad is released.
Don't FOMO, keep your wits and invest smart! It may be a good project but dont let the numbers trick you! [link] [comments] | ||
I'm not sure if it's real or out there in the wild.... Posted: 07 Jun 2021 12:38 AM PDT Has anyone ever created a minecraft style came where if you mine blocks in the game you are also mining a specific cryptocurrency? Like when you're mining in the game you are actually earning a coin that goes into your wallet. Has anyone tried to game-a-fy crypto mining yet? Is that possible? It would be great to spend hours in a game creating cool while while simultaneously earning money. Sorry, just a random thought I had while in middle of my Japanese language class 😅 [link] [comments] | ||
After El Salvador, Paraguay Hints at Bitcoin PayPal Project Posted: 07 Jun 2021 02:08 AM PDT
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Posted: 06 Jun 2021 09:23 AM PDT According to Andrea Tosato, a lecturer and researcher on commercial law at the University of Nottingham, Bitcoin may be legally classed as money in the US if recognized as legal tender by El Salvador under UCC § 1-201. I am no expert on law, but this seems to warrant discussion. What implications would this have on taxes in the US on Bitcoin? [link] [comments] | ||
Apple announcing crypto emojis would move the price more than El Salvador did Posted: 06 Jun 2021 04:15 AM PDT Always surprises me what moves crypto, stupid tweets by Elon and Chinese regulation rumors cause massive price swings but strong evidence of mass adoption and its like nothing happened? maybe we just need america to wake up? [link] [comments] |
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