Cryptocurrency Proposal: Moon Week |
- Proposal: Moon Week
- Daily Discussion - June 26, 2021 (GMT+0)
- Day 1 Of buying Crypto Instead Of Cigarettes! Who Wants To Join In On The Fun!?
- Day 1 Of buying a bottle of Whiskey Instead Of buying Crypto.
- Would you invest in Bitcoin if it crashed to $1.00?
- Dogecoin is the Worst Cryptocurrency Available in the Market, Says Financial Expert
- Bitcoin cannot function as a global currency. El Salvador adoption may prove that Bitcoin doesn't work.
- Internet Computer (ICP) just set another new ATL of <$30... down over 96% in under 2 months.
- Cardano (ADA) Staking Has Reached More Than 650k Addresses
- World Bank accused of "Ignorance and Hypocrisy" on rejecting to Assist El Salvador
- Binance banned in Ontario
- Palestinians Ponder Digital Currency as Move for Monetary Independence
- Things about Crypto I Learned the Hard Way...
- Shorts on bitcoin just increased 1000% to 24,178 (one contract is 5 BTC) for a total of almost $4 billion in shorts in a few hours.
- Internet Computer (ICP) has lost 96% of value
- Please stop saying DYOR if you're not going to give real advice other than: "read the whitepapers"
- I finally listened to my gut and cashed out almost 80% of my portfolio last night
- SEC Delays Robinhood IPO Over Questions Concerning the Company's Crypto Business
- The guy who actually bought Lambo with Bitcoins....
- I'm from the future, but I'm you
- Creating a token is too easy
- 6 months ago, I came out to my family.
- Mass Influx of Bitcoin Miners are Coming to Texas
- Major Auction House Christie's Accepts Bitcoin for Painting Worth Estimated $6 Million
- New Coinbase Earn Availabe. $3 in BOND token
- Mad respect.
| Posted: 25 Jun 2021 10:46 AM PDT TL;DR: All governance polls will be posted and promoted in the week between the snapshot and distribution. I'd like to address a few main points with this idea:
Currently, moon snapshots happen every 4 Wednesdays (like this) and the following Wednesday we have the moon distribution post (like this). My suggested changes to establish Moon Week are as follows: Day 0 The day prior to the snapshot post (a Tuesday), mods will post a sticky reminding people to submit their governance polls. All governance polls should be posted Tuesday or Wednesday (Days 0 or 1) Day 1 On Wednesday, the snapshot post by the admins happens as normal and replaces the sticky from the day prior Days 2-7 On Thursday, a mod will create a sticky that links the snapshot post from the day prior and all currently running approved governance polls. This is the deadline for your poll to be highlighted with the others because the mod may not be around to add your poll later and people are less likely to check back multiple times throughout the week to vote on new polls. During this time, mods may take additional measures to promote the sticky post if the polls are not on track to have enough participation to reach the decision threshold. Day 8 On Wednesday, the moon distribution post by the admins happens as normal This idea should further formalize a process for when to create a proposal, reduce confusion on when to vote, equalize the exposure and promotion of governance polls, and clarify the monthly moon schedule. To help people anticipate when the snapshot will happen, we will probably create a list in the wiki of upcoming snapshot and distribution dates. Thank you for your consideration and thank you to everyone who gave their feedback on the meta post [link] [comments]  | ||
| Daily Discussion - June 26, 2021 (GMT+0) Posted: 25 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]  | ||
| Day 1 Of buying Crypto Instead Of Cigarettes! Who Wants To Join In On The Fun!? Posted: 25 Jun 2021 05:14 PM PDT So I got to thinking about how much I really spend on cigarettes and how much better that money would be spent on crypto. I'm tired of feeling shitty all the time. If I'm going to be rich someday, I want to be healthy enough to enjoy it. Hell, even if I lose some money in the process, that's still better than spending it on cigarettes. So I've decided to start a DCA challenge for myself, and if anybody else wants to join me I would welcome the company. This will be my official Day 1 of choosing to buy crypto with the money I would've spent on a pack of cigs. For me that's $6.27. Every other time I've tried to quit, I failed, so why not involve some other people in the process for a little accountability. I bought a couple packs this morning, and my plan is just to stretch them out as long as I can and then not buy any more. Here goes! SO WHO'S WITH M-- cough cough cough....... I SAID WHO'S W-- cough cough cough cough cough.......... Ok let's do this... [link] [comments]  | ||
| Day 1 Of buying a bottle of Whiskey Instead Of buying Crypto. Posted: 26 Jun 2021 01:20 AM PDT Just want to say I love you all, it's a great community here 👍, one of the best. And if don't agree then I'll knock you out! I'll take the shirt off any mans back!! Bastards! Buy the dip? I am the dip! Dip inside the eye of your mind Don't you know you might find a better place to play. Bitconneeeeeeeeeeeeeect! 🍳 [link] [comments]  | ||
| Would you invest in Bitcoin if it crashed to $1.00? Posted: 25 Jun 2021 07:10 PM PDT Let's say tomorrow you wake up and decide to check the crypto charts. You have sleep still in your eyes and your vision is blurred, but you notice something odd. You rub your eyes and OH FUCK Bitcoin is down to $1! The news coming out is obviously terrible. Everyone is saying to not touch Bitcoin with a 10 foot stick. Do you say fuck it Bitcoin is dead, twas a nice run. Or do you buy a couple hundred and say Viva la Bitcoin! I would buy some, even if it just meant holding on to some history. Edit: I'm glad to see 99.99% of this community would still buy Bitcoin after a 99.99% crash in value. It almost brings a tear to my eye, we must really believe in the future of crypto. [link] [comments]  | ||
| Dogecoin is the Worst Cryptocurrency Available in the Market, Says Financial Expert Posted: 26 Jun 2021 01:42 AM PDT
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| Posted: 25 Jun 2021 05:47 PM PDT This is my understanding of the situation. Please correct me if I'm wrong, but the math seems pretty clear. I know I'm not the first to state this, but I feel like this issue has largely been hand waved away with the store of value narrative, and with El Salvador attempting to use it as a currency it may be a rude awakening to the major flaws with the network. The Bitcoin network can support about 7 transactions per second. 7tps x 60s x 60min x 24hrs = 604,800 transactions per day. The population of El Salvador is about 7,000,000. This means that if the entire population is using bitcoin there is only enough bandwidth to support 2 transactions per person per month. This assumes only a tiny country like El Salvador is using bitcoin. This is not feasible whatsoever for just El Salvador, let alone the world. The Lightning Network does not solve this problem, as it still requires main chain transactions for every user, it's just less of them. Onramp, offramp, and channel liquidity adjustments are all going to be required on a semi regular basis. The only solution to this is majority adoption of custodial solutions, which is the antithesis of bitcoin. This will lead to the exact same problems our current financial system has, minus inflation risk. I personally hand waved these issues away, as I always told myself that bitcoin didn't need to function as a currency, it's a store of value. But even a store of value requires a minimum bandwidth to function as a global reserve, and now with a country adopting it as a currency we are going to potentially be slapped in the face with the bandwidth issue. I also assumed that despite the opinions of Bitcoin Maximalists, the network would need to upgrade to support magnitudes higher TPS. However, I assumed that adoption would be slow enough to have a long form debate to convince people that this is necessary. Is it already a necessity to upgrade to support the sudden adoption as a currency by a country? Will the community be able to debate this issue, come to the conclusion we need to upgrade, and perform the upgrades in time to support adoption by El Salvador? If none of this happens I fear one of two outcomes. One, El Salvador adopts mainly custodial solutions, which will probably be abused and may actually harm the citizens rather than help them (surveillance, fees, confiscation, censorship, fractional reserves, transparancy issues). Two, the country attempts self custody options, quickly overloads the network to volumes where fees and transaction times are completely unacceptable, proving the network cannot support this level of activity, and causing massive FUD and massive damage to El Salvador if they have had substantial adoption. Can anyone provide a strong argument for why we shouldn't be concerned about bitcoins extremely limited bandwidth on the eve of real adoption? [link] [comments]  | ||
| Internet Computer (ICP) just set another new ATL of <$30... down over 96% in under 2 months. Posted: 26 Jun 2021 12:51 AM PDT I honestly cannot think of a coin that was anywhere near this high of market cap and plummeted so much. Yes, one can argue ICP launched just as a bear market started, but hardly any coins in the top 100 by market cap fell anywhere near this amount. ICP is a true outlier. [link] [comments]  | ||
| Cardano (ADA) Staking Has Reached More Than 650k Addresses Posted: 26 Jun 2021 03:34 AM PDT
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| World Bank accused of "Ignorance and Hypocrisy" on rejecting to Assist El Salvador Posted: 25 Jun 2021 08:47 PM PDT
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| Posted: 25 Jun 2021 06:22 PM PDT https://www.binance.com/en/support/announcement/ba03469c86f34546bd25faf414730733#
Fuck this clown province [link] [comments]  | ||
| Palestinians Ponder Digital Currency as Move for Monetary Independence Posted: 26 Jun 2021 12:27 AM PDT
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| Things about Crypto I Learned the Hard Way... Posted: 25 Jun 2021 04:57 PM PDT Are you new to Crypto? I hope you're doing research in other places than Reddit, although this sub can be very helpful. Here are some suggestions that might help you as you invest in projects.
11. Most people in Crypto just want to get out of poverty and gain some savings. A little money can mean a lot to some of us. BUT, It's only money. Money is not worth your health, family, career, or life. This leads to...
Hope these have helped. Good luck and HODL! [link] [comments]  | ||
| Posted: 25 Jun 2021 09:46 AM PDT According to datamish.com, you can visually see the price impact as shorts are piled on, making up nearly 35% of total positions, and you can see how the price stabilizes when these positions stop increasing. I don't know if there's some sort of huge expiry happening near the end of the month today, but it looks like the price is being manipulated to stave off losses for existing shorts or cause max pain to some of the longs with greater weight. Might be a good time to buy a chunk of BTC if you've got an appetite for risk lately, especially considering the bullish news and likelyhood that microstrategy and other companies will be purchasing near these prices. Edit: Using the same Info I would also like to point out that the vast majority of these shorts remain unhedged, almost guaranteeing price movement at time of expiry (Obviously I can't say to what side, gotta ask the magic conch for that). [link] [comments]  | ||
| Internet Computer (ICP) has lost 96% of value Posted: 26 Jun 2021 01:41 AM PDT
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| Please stop saying DYOR if you're not going to give real advice other than: "read the whitepapers" Posted: 25 Jun 2021 08:24 PM PDT Trying to research crypto is hard, I've been involved in crypto on and off since 2017 and I still don't know where to find trustworthy information. Googling crypto brings a heaping pile of FUD, rando price predictions, and mommy-blog style opinion pieces that don't do anything to educate you. Wikipedia only gives about a kindergarten level of education. And it seems like everyone who's interested in informing you is just inviting you into their echo-chamber of shameless shilling. Here's an example, let's say someone says ADA is overhyped, it has no live projects that and I shouldn't buy it. I would like to know: Where do I go see what ADA has planned? How scalable is ADA? How do I educate myself on marketcap and see for myself if it's overhyped? What advantages does ADA have over ETH and vice versa? What else might I be missing? Currently, I'd google each question individually, then struggle to find articles that answer my question, then try to assess which sources are trustworthy. But this takes literal hours of time I don't have. Is there any other way to find more concentrated trustworthy information? I'm tired of sifting through nonsense hype and endless FUD. Would appreciate any recommendations! [link] [comments]  | ||
| I finally listened to my gut and cashed out almost 80% of my portfolio last night Posted: 25 Jun 2021 04:59 PM PDT Last night I cashed out almost 80% of my portfolio to buy a Mitsubishi evo 4 to flip and start my car import business and it feels amazing. I was gonna hold out until today to cash out to try to make a couple extra hundred but decided there was no need to be greedy and by doing so I saved myself about 3k based on what my coins are trading at currently. I've been looking at importing a car for the past 5 years but didn't have enough money until this year and decided to finally pull the trigger about 2-3 weeks ago after our plans to buy a house fell through for the time being. I was originally going to buy one back at the end of april/early May because I had a gut feeling to cash out but I ignored it because I was set on hitting a certain number. Instead I watched my portfolio drop from 6 figures down to 30k between the middle of May and now. I was still up quite a bit on my OI and thought about holding out because I do think we might see another pump later in the year but I just couldn't deal with the stress anymore or the thought of watching it go all the way back down and missing my chance to start a career I actually enjoy. I left roughly my OI in to keep things interesting if we have another major pump but if not oh well, I at least have my import business which allows me to quit my warehouse job by my birthday next may as well. [link] [comments]  | ||
| SEC Delays Robinhood IPO Over Questions Concerning the Company's Crypto Business Posted: 25 Jun 2021 08:06 PM PDT
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| The guy who actually bought Lambo with Bitcoins.... Posted: 26 Jun 2021 12:02 AM PDT Peter Saddington: The Lambo Guy Peter Saddington of Atlanta first read about bitcoin in 2011, and bought some for less than $3 per coin. With bitcoin trading at around $7,500, the return on those early investments is around 250,000%. "I've never seen anything like this," says Saddington, 35, an entrepreneur who has a bachelor's degree in computer science and three master's degrees. "What solidified my confidence that this is worth investing in is that the code is based on math. It can't really be turned off." In October, Saddington cashed out 45 bitcoins to buy a 2015 Lamborghini Huracán, for the equivalent of about $238,000. He and the seller made the transaction in bitcoin, without using a traditional bank. The transaction fees totaled $7.50. Saddington, who runs a cryptocurrency social network called TheBitcoin.pub, deliberately sought a supercar he could purchase with bitcoin in order to tout the credibility of the currency. "Buying the Lambo with bitcoin is proof it can be used for real transactions, buying really cool stuff," he says. "It's not only used by criminals." As for how much bitcoin he still holds, he says: "That's for me to know and you to wonder about." Erik Finman : The Guy who became Bitcoin Millionaire after cutting a deal with his parents Erik Finman has not followed the traditional path of college-bound students growing up in the United States. In May of 2011, at the age of 12, Finman struck a deal with his parents to be able to skip college in pursuit of an unorthodox education, provided he could invest successfully. The deal? He had to turn $1,000 in cash that his grandmother gave him into an impressive $1 million. Finman pursued his goal relentlessly and managed to succeed, purchasing about $1,000 worth of Bitcoin when the fledgling currency was at just $12 per coin, as well as a number of other digital currencies including Ether, Ethereum's native token. Finman was successful in his goals, making him a self-made millionare at the age of 18. By January 2015, Fineman had his own education company, and he sold his education company and was given the choice of accepting $100,000 or 300 Bitcoins. He took the Bitcoins. Fineman also achieved his goal of becoming an 18-year-old millionaire and won't be going to college. He says he's happy learning from real-world experiences. However, Fineman stays busy with numerous projects, including involvement with NASA. Those activities — and savvy business sense — feasibly helped him get where he is today. Edward Skupien: The car transaction didnt went thru changed the fortune of this man Edward Skupien of Sacramento also tried to buy a fancy car with bitcoin — and he's grateful the transaction fell through. Skupien, who is 55 and works as an executive at a Napa Valley winery, saw a friend ask about bitcoin in a Facebook post a few years ago. He researched it and began buying a few coins per month, at prices ranging from $225 to $800, until he accumulated about 80 bitcoins. Skupien had always wanted to buy an Audi A8L, and in 2016 he saw a slightly used model advertised for $50,000. Since bitcoin had fallen to around $600, that was almost exactly how much bitcoin he had. He sold all his coins to finance the car. The owner, however, refused to make any concession on price, which scotched the deal. Skupien decided to lease a much cheaper car instead. So, what to do with the $50,000? He decided to put it back into bitcoin, even though the price had risen to $900 by then. At that price, he ended up with just 60 bitcoins — but that's now worth more than $450,000. Edward Skupien of Sacramento has made far more on bitcoin than he has on the rest of his retirement plan–even with a booming stock market. "I'm more than $120,000 short because I wanted that stupid car," he says. "But by not buying that car, I made almost half a million in profit." Skupien had traditional investments, such as a 401(k) plan and a Roth IRA, and he put only a small fraction of his savings into bitcoin. "It was the high-risk portion of my portfolio," he says. "But it has proven more profitable than all of my 401(k) and Roth combined." (Source : Google,Yahoo Finance,Investopedia) [link] [comments]  | ||
| I'm from the future, but I'm you Posted: 26 Jun 2021 04:32 AM PDT Most people will only go buy Bitcoin when it's hyped, rather to buy it when the price is good. (Same reason when people didn't buy BTC at 500 dollars in 2014, and skipped the chance to buy it at 9,000 dollars in 2018.) Will you regret today's 30k? Yes you will... You will come to this same sub after 5 years and question yourself on why you didn't buy 5 years ago. The cycle repeats. [link] [comments]  | ||
| Posted: 25 Jun 2021 10:15 AM PDT I knew absolutely nothing about how to create a token yesterday at 5 PM. By 6 PM I had created my own token and added liquidity on pancakeswap. I spent $4 to do this. I work in manufacturing. I am not an exceptionally tech savvy person. It's just that easy. This is a huge problem. The market is completely oversaturated with shitcoins named after a billionaire or dogs. It is not good for crypto, we look like a joke. End rant. Edit: I can't reply to everyone. Most of you were constructive and kind. While I do agree with the sentiment that ease of use is a good thing, I do stand by my opinion that the crypto world looks like a joke right now and It is my opinion that if it was harder or more cost prohibitive to create tokens, the space would not be as cluttered. [link] [comments]  | ||
| 6 months ago, I came out to my family. Posted: 26 Jun 2021 04:14 AM PDT In a spur of the moment thing, I told my family that I own a bit of Crypto during a family Christmas get together. They looked at me like I had just told them I shoot up heroin under a bridge. My far relative took my dad to the side and told him to find a way to get me out of it before it's too late. I remember getting rock hard over 5% stock gains in 10 days. Thanks to this sub, I know to stay silent at family gatherings and not look down upon my uncle who holds a glass of whisky in his hands with a sense of elitism as he talks about his genius day trading techniques that give him 10-15% profit every year. Not to mention the other dads fawning over his skills and begging him to teach them. There I sit in the corner sipping my chocolate milkshake thinking about the time I saw a 130% gain on a certain alt coin in 24 hours. [link] [comments]  | ||
| Mass Influx of Bitcoin Miners are Coming to Texas Posted: 26 Jun 2021 05:41 AM PDT The Chinese government's call to crack down on bitcoin mining and trading has triggered a phenomenon known as "mining migration" in the encryption circle. Texas in the United States is an ideal destination for miners, thanks to its abundant solar and wind resources, an unregulated market, and a political stance friendly to cryptocurrency. Despite the lack of energy reserves that led to power outages for several days last winter, Texas has one of the lowest energy prices in the world, and its share of renewable energy is growing, with 20% of the state's electricity coming from wind as of 2019. It has a loosely regulated grid that allows customers to choose between power suppliers and, most importantly, its political leaders are very supportive of encryption - the ideal condition for a miner to find a popular and cheap source of energy. [link] [comments]  | ||
| Major Auction House Christie's Accepts Bitcoin for Painting Worth Estimated $6 Million Posted: 26 Jun 2021 04:14 AM PDT
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| New Coinbase Earn Availabe. $3 in BOND token Posted: 25 Jun 2021 12:30 PM PDT Hey guys, this is my 4th post on "how to earn free crypto" As most of you already know Coinbase has an Earn activity for various crypto on their platform They just have released a new Earn activity for BOND, a DeFi Token from BarnBridge. See below all info regarding the Earn Activity. To be earned: $3 in tokens Answers: 1 - DeFi risk management 2 - APY risk management 3 - Barnbridge governent token I hope I have helped you :) Moon tips are welcome [link] [comments]  | ||
| Posted: 26 Jun 2021 01:48 AM PDT I must say, after having gone through the last bear market (not saying we are currently in one now, but who the heck knows) and having been down 80% at one point during that time (never sold), the vibe on this sub has been quite different the last few weeks as we've seen dips on dips on dips. Hopefully I'm not speaking too soon. There's definitely less of a sense of panic, dread, and angst in the threads, or it's at least less pronounced and explicit. Maybe more people are finally investing as much as they're willing to lose? I'm currently down 40% since I didn't really load up during this last bull run, but I remember when I was down 80%, I just stepped away and rode it out. Many here are likely moving towards doing the same, especially if this pattern continues. Because if you're down, you're down, so why torture yourself over it. If you invested more than you're willing to lose, or if this last run was your first foray into crypto, I'm sorry, and this will be a learning experience. Nevertheless, we're all feeling it to different degrees. Anyway, just my thoughts. Mad respect to those hodling or those who got burned but learned from it. Stay safe out there, folks! Do other things. [link] [comments]  |
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