Cryptocurrency CryptoCurrency Official Discord |
- CryptoCurrency Official Discord
- Daily Discussion - July 19, 2021 (GMT+0)
- Checked 10 Coins which were Promoted on r/CryptoMoonShots 20+ Days Ago, 8 Out of 10 Crashed more than 80%
- Looks like the huge PS4 Mining farm busted In Ukraine wasn't mining crypto. It was mining rare FIFA Ultimate Team Cards to be sold on the black market. lol
- The Future of Every Inu Shitcoin: "Mini Baby Doge" has Crashed 100% from $300 to $0.0004
- Lightbulb jokes for the top cryptocurrencies
- I am 100% convinced of $100k BTC this year
- If someone offered you "free money" you would assume it's a scam, right? You should do the same for crypto. Most ways to earn free crypto are scams or give you cents for hours of effort. Here are the only three I think are worth your time.
- Anyone else regret buying the dip too soon?
- Coinbase Set to List Every Crypto Asset
- If this is a bear market, it'll be my third. Here's what I wish I'd done in the first two.
- Ever wondered why 90% of the posts you see in this sub are about Bitcoin and Ethereum?
- Google gets a new rival as Brave Search opens to the public
- Salty Sunday
- How “influencers” have scammed their followers out of millions.
- Buying Crypto vs. Paying Down Credit Card Debt
- ''I’m Kevin and I'm the guy who bought 259684 BTC for under $3000 yesterday. I really wanted to keep this as quiet as possible, but I don't feel I can anymore. Here's my side of what happened'' (June 20, 2011, 09:09:52 PM - bitcointalk)
- Cryptocurrencies are taking the developing world by storm, with more users now in Nigeria than in the US
- Anon INU rug pulled already! Lmao �� Dont say we didnt warn ya
- You know what really grinds my gears?!
- I know nothing
- I Just Smoked a Dead Bug that looked like a partially burnt piece of green. And that reminded me of something.... Make sure you are looking at the right Token on Dex exchanges before you buy
- Ive never seen a sub being that nice. Stay awesome folks!
- It is never late to DCA. Slow and steady does it
- Learn: What the h*** is a stablecoin?
- Crypto Experts Predict Bitcoin Price Rising to $318,417 by December 2025
| CryptoCurrency Official Discord Posted: 18 Jul 2021 03:36 PM PDT Join us here: https://discord.gg/invite/cryptocurrencyofficial
Crypto Discussion
Q&A
Hangout in our LIVE voice channels. Discord Platforms: Windows / Mac / Android / iOS Popular Discussions: Bitcoin BTC, Ethereum ETH, Link, Binance, DEFI, Decentralised Finance, XLM, XRP, YFI, Uniswap, DEX, SNX, Bitmex, Lev Trading [link] [comments]  | ||
| Daily Discussion - July 19, 2021 (GMT+0) Posted: 18 Jul 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: 18 Jul 2021 09:43 PM PDT I have checked 10 tokens which were promoted on r/CryptoMoonShots more than 20 days ago, 8 out of 10 crashed more than 80% until now. As example, take look at this token called "Slothi": Crashed 90% from all time high On r/CryptoMoonShots it was promoted as "100% no scam" and "very serious project", "audited" and received more than 1500 upvotes by the community. Do not buy any of these tokens, they bring no innovation, are mostly named after dogs and are mostly scam. [link] [comments]  | ||
| Posted: 18 Jul 2021 08:22 AM PDT
 | ||
| The Future of Every Inu Shitcoin: "Mini Baby Doge" has Crashed 100% from $300 to $0.0004 Posted: 18 Jul 2021 12:37 PM PDT
 | ||
| Lightbulb jokes for the top cryptocurrencies Posted: 18 Jul 2021 07:54 PM PDT How many Bitcoin maximalists does it take to change a lightbulb? Ten - one to change the lightbulb and nine to whine about how much better the original was. How many ETH investors does it take to change a lightbulb? 50 - one to change the bulb and 49 to contribute their life savings to afford the gas to get to the store. How many Monero investors does it take to change a lightbulb? None. We operate in the dark. How many Tether holders does it take to change a lightbulb? A dozen - one to change the bulb and 11 to convince the authorities they can pay for the electricity. How many BNB investors does it take to change a lightbulb? Two - one to change the bulb and one to make sure it's as centralised as possible. How many Cardano investors does it take to change a lightbulb? One, but the bulb isn't arriving until late 2021 at the earliest. How many BCH investors does it take to change a lightbulb? Two - one to change the bulb and one to find a bigger block to stand on. How many Algo investors does it take to change a lightbulb? 10,000 - One to change the bulb and 9,999 to proclaim the greatness of the accomplishment on Reddit. [link] [comments]  | ||
| I am 100% convinced of $100k BTC this year Posted: 18 Jul 2021 11:29 AM PDT I have Glassnode subscription. I have been following the on chain metrics since the dip in May. I am comparing both on chain and the charts of the current sideways market to previous long bear markets and consolidation markets aka crab market. At first in May, there were a lot of negative metrics like miners capitulation, whale and retail capitulation. But since the middle of June, miners are accumulating, whales are accumulating, only retail is mostly selling but also the number of wallets keeps trending up. In long bear markets, this will not happen. The current situation looks exactly the same as the middle part of 2013 and 2017. Some boring months and then suddenly the mother of all bull runs out of nowhere. Remember that BTC was 2.5k around June-July in 2017. You wouldn't have believed it would hit 20k by December back then either. 2013 same story with a lot of sideways during middle of the year. First it was Elon FUD. Then in the last 3 to 4 weeks, Bitcoin has overcome being banned by the world's most populous country. It only made a slight impact on price. Difficulty adjusted and now miners are relocating and coming back online with renewables. FUD is an integral part of BTC bull cycle. Silk road + China ban (2013), then block wars + China ban (2017), then Elon energy FUD + China ban (2021) Bitcoin is antifragile AF. These attacks never work on Bitcoin. It always makes Bitcoin stronger, so expect a raging bull run to start soon. Bitcoin history shows that dip buyers have always won. Dip sellers just end up buying at higher price. So take your opportunity or you will regret later. In 2013, BTC started in 3 figures and reached 4 figures. In 2017, BTC started in 4 figures and reached 5 figures. In 2021, BTC started in 5 figures and will reach 6 figures. It's like clockwork. A mathematical miracle! Edit : These are my thoughts based on my own research. NFA. DYOR. Edit : One more thing. This week there was 40k GBTC unlock. The impact was very minimal compared to 34k GBTC unlock in June. After Tuesday, there are no more large GBTC unlocks. I'll watch next couple of days and then take my position and ride to six figures 🚀 [link] [comments]  | ||
| Posted: 19 Jul 2021 02:09 AM PDT Every day, there are threads presenting either specific new ways of earning free crypto or endless lists of different ways to do so. Everyone likes free money, but here's the thing: most of these are scams, and most of the others are not worth it. Sure, you can use Brave browser or a few months and see thousands of ads to earn a dollar in BAT, or you could exploit a faucet and get free crypto from there every day for a few weeks, to end up with something like a dollar once again (this is not what faucets are for, please don't do this). You could spam all your social media feeds promoting some scam coin because they promised you you would get an airdrop if you did. I would argue, however, that this is not the best way to spend your time. Not considering stuff like staking that can definitely pay off, but that requires that you already own crypto, there are three ways of earning free crypto for beginners without crypto who want to start out with crypto but don't want to invest yet that, in my opinion, are worth your time: 1) r/CryptoCurrency Moons. You get moons every 28 days if you participate on this sub, if you have opened your vault, depending on the amount of karma you collect. You can get a ton of free crypto here - not as much as a year ago, but i only posted here for the past like 4 months and have over 10k moons, currently worth about $1,000 - and it absolutely is possible that they will be worth much more in the future. If you are interested in crypto and would post here anyway, this is a great way to earn free tokens. See the Introduction to Moons and the Moons wiki for more info. 2) Coinbase Earn. You need an account on Coinbase, have it verified, and you need to live in an eligible country.A They show you some information about specific crypto and then ask really easy question, you get a small amount of that crypto if you get them right (you can retry them), you get the money immediately. I personally never spent money on Coinbase and got a lot of money on there (probably around $250 - I originally got less, but many coins went up in value a lot since I did the respective quizzes). Con: I've read many times that people were stuck in a queue and could not participate in the quizzes, I personally never had that problem. 3) Coinmarketcap Earn. It's similar, but a bit worse. You need a verified account on Binance, some countries are excluded from participating (one of them being the US).B Again, you can answer a few questions about some crypto and you get small amounts (usually a bit bigger than on Coinbase Earn) if you get them right - but, in this case, you only have one chance and need to get all of them right. If you get them right, and if you are quick enough, the coins usually get sent to your Binance account after a few weeks. Con: I've seen many people state that they never got any coins even though they got everything right, even calling it a scam. It is definitely not a scam, I got coins multiple times, but the quizzes often run longer than they should and only the first few thousand participants receive coins. You can always check the status of your coins or why you will not get them on their page. All in all, I got much more than $1,000 with these three methods - earning moons just hanging out and having fun on this sub, and only spending a few minutes with the quizzes (they are really not long). While there might be other ways of earning free crypto for beginners, I haven't found any others that are worth your time - but I am looking forwardto you proving me wrong! A: currently Austria, Australia, Belgium, Bulgaria, Canada, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Greece, Hong Kong, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, The Netherlands, Norway, New Zealand, Poland, Portugal, Romania, Singapore, Slovakia, Slovenia, Spain, Sweden, Switzerland, Taiwan, The United Kingdom, and the United States. B: currently Belarus, Democratic Republic of Congo, Cuba, Iraq, Iran, Mainland China, North Korea, Sudan, South Sudan, Syria, United States of America and its territories United States, Guam, Northern Mariana Islands, Puerto Rico, Virgin Islands US, American Samoa, United States Minor Outlying Islands, Zimbabwe. [link] [comments]  | ||
| Anyone else regret buying the dip too soon? Posted: 18 Jul 2021 11:43 PM PDT So...saw the dip and thought " Cool, I can stack up at some great prices" ...grabbed ETH at $ 2080 along with ALGO at .81. Then the dip....dipped. Used my available disposable income and watched helplessly as the prices dropped even more. When ETH dropped below $ 1900 all I could do was stare and salivate. Anyone else buy too soon...or is it just me? [link] [comments]  | ||
| Coinbase Set to List Every Crypto Asset Posted: 18 Jul 2021 07:53 PM PDT
 | ||
| If this is a bear market, it'll be my third. Here's what I wish I'd done in the first two. Posted: 18 Jul 2021 12:59 PM PDT Backup everything
It might not happen today, this week or even in the next year, but if this is the bear market you're going to lose interest and forget about a lot of things. In 2014 when the bear came I cashed out roughly half of what I'd been mining and forgot about crypto for a couple of years. Then when I got interested again I couldn't remember shit. I found most of my wallet seeds written down in a notebook. What I couldn't find though was the seed to this wallet with 0.05 BTC in it. A relatively small amount in the grand scheme of things, but still enough to piss me off. It's not as if I have the blockchain address bookmarked and I look at it all the time though. Then in 17/18 it went fucking insane, the ICO mania absolutely had my pants down. I ended up with a decent stash of the top coins but then probably 50+ shitcoins. Again, the bear came and everyone forgot about crypto and I definitely didn't learn my lesson. Cryptopia getting hacked rekt me and the majority of the other ICO tokens died within a couple of months. Then in 2020 we go again and yet again I cant remember shit. I'd done a bit better this time as I had most of my stash on a Trezor and a lot of things backed up in a password manager, but there is definitely some crypto with my name on it floating around the universe all lonely. TL:DR Go backup your shit, then backup the backup. [link] [comments]  | ||
| Ever wondered why 90% of the posts you see in this sub are about Bitcoin and Ethereum? Posted: 19 Jul 2021 01:16 AM PDT The answer is simple, we're not really allowed to talk about other coins. I was reading the rules of this subreddit and found a very interesting portion that I wasn't aware of: "No coin or project other than BTC or ETH can have more than two posts in the top50.(...) Bitcoin is exempted because of its dominance in crypto news. The limit for Ethereum has been raised to four." So a coin can break the entire world in half but we wouldn't see more than 2 posts about it in Hot? Am I missreading this? [link] [comments]  | ||
| Google gets a new rival as Brave Search opens to the public Posted: 18 Jul 2021 05:36 PM PDT
 | ||
| Posted: 18 Jul 2021 01:33 PM PDT
(All credit to r/FortniteBR for this heavenly idea) [link] [comments]  | ||
| How “influencers” have scammed their followers out of millions. Posted: 18 Jul 2021 10:06 AM PDT Let's look at some of the cases of influencers shilling shitcoins. I would link more tweets but they've all been deleted. Still, let's get into this:
Other Examples:
There is honestly way too many of these influencers who don't care about consequences as long as they get their money. Remember their names, remember their faces, we may be bearish now but as soon as things change, they'll be back. [link] [comments]  | ||
| Buying Crypto vs. Paying Down Credit Card Debt Posted: 18 Jul 2021 07:35 PM PDT A friend just talked to me about using his credit cards to BTFD. And he already had credit card debt before this. For god's sake people, don't rack up credit card debt to accumulate crypto. The rate on a lot of those cards is over 20% per year. You want crypto to disrupt the traditional banking/fiat system, right? Think about it this way ... by racking up credit card debt, you're increasing the profits of some of the most predatory of all the fiat institutions -> credit card issuers. Don't support the thing that you want to destroy. Pay off those credit card balances first. There will always be time to DCA into crypto afterwards. And remember, the dip may dip further in the meantime, so once you have those credit cards paid off, you might get better prices.
[link] [comments]  | ||
| Posted: 18 Jul 2021 05:37 PM PDT
 | ||
| Posted: 18 Jul 2021 04:02 AM PDT
 | ||
| Anon INU rug pulled already! Lmao �� Dont say we didnt warn ya Posted: 18 Jul 2021 11:58 AM PDT
 | ||
| You know what really grinds my gears?! Posted: 19 Jul 2021 01:52 AM PDT Let's hear it people. Tell us what really annoys you about the crypto space or people in the crypto space. I'll start: When your uncle asks you about bitcoin and then proceeds to tell why he thinks it's unsafe to buy into despite not knowing anything about it. He then follows up by telling you that it will definitely be hacked despite, again, not knowing how it works. [link] [comments]  | ||
| Posted: 18 Jul 2021 05:03 PM PDT I know absolutely nothing about crypto. Yet I throw a little money here in there in to BTC an etherum. I don't make efforts to learn. I just sit and wait. Maybe I'll be rich or lose it all. Either way I just put money in and don't think about it. [link] [comments]  | ||
| Posted: 18 Jul 2021 08:24 PM PDT Because I did that once with a long shot shitcoin that would have netted me 20x. It looked like the token but wasn't. I only bought $50 worth. I only compare what I just did because most people are high when they Decide to Use a DEX for a low cap ALT. I Fkin ... This was the nastiest taste ever. I looked like a small piece of weed with surface burns... It felt somewhat soft and hard like an ungrinded piece would. But when I took a hit...I had like a weird plastic + spicy combination taste in my mouth. It freaked me out. That's when I examined the bowl and seen a couple tiny transparent legs sticking out attached to a shell end . Always examine what you are getting from a eth based DEX . It can look and feel right at first glance. But might not be. Sure I only lost $50 but that could have been $1000 earned if I was paying attention. [link] [comments]  | ||
| Ive never seen a sub being that nice. Stay awesome folks! Posted: 19 Jul 2021 01:08 AM PDT Im quite active in a couple of subs and no subs is so genuinely nice like this one. The amount of help you get here, even tho a question has been asked 200x times is amazing. Everytime i have a question i get tons of responds in the daily or in my posts. The amount of nice people in here is amazing. Moons are given out frequently. Awards are given frequently. This is really important, that will be good for adoption, because we actually help out newbies. I was once a newbie too and im happy to help fresh blood too! Feels like i take a small role in adopting crypto! [link] [comments]  | ||
| It is never late to DCA. Slow and steady does it Posted: 19 Jul 2021 12:11 AM PDT Let's me start off with the most obvious fact. I have no idea if the price will tank or moon within the next day, week, month, year or more to come. There are too many factors to keep in mind, such as (but not limited to) news, hype, FUD, insider info and Technical analysis. When you combine all that together, it all comes down to "who the hell knows what will happen with that volatile mix of information". Also NOT A FINANCIAL, NOR PROFESSIONAL, ADVICE. Make safe decisions for yourselves! Two things are certain: 1) if the project is actually good, so is its investment 2) marketing! Currently as I'm trying to get my book out in the market, I know one thing, no matter how good it will be, I know I won't go far without either luck of readers spreading word or solid marketing If your liked crypto project has these two, no matter the time, it may very well soar in price one day. Could be tomorrow. Could be next few years. Point is, make small steps. It doesn't matter if you DCA two digit baby funds, or some serious funds. Do, however, play it safe enough to have some fiat ready for worldwide crash. A good investment eventually pays off. Don't get scared by the current downtrend. Relax. DCA. If you don't have funds to do so, find something else to do in the meantime, while you wait for payday. Remember to do it responsibly though. Thanks for reading, may you all have great gains, be they financial, technical or both! [link] [comments]  | ||
| Learn: What the h*** is a stablecoin? Posted: 19 Jul 2021 12:41 AM PDT
Basically, stablecoins suggest a new alternative for reducing price volatility in the crypto landscape. The volatility makes cryptocurrency somewhat unreliable as a suitable currency for exchanging goods and services. So, the best stablecoins which have emerged in the crypto space have solved this problem. By nature, stablecoins are highly fixed in terms of value when compared to general cryptocurrency alternatives. According to a report by CB Insights, the overall value of stablecoin assets has crossed well over $20 billion in late 2020. Stablecoins have gained traction as they attempt to offer the best of both worlds—the instant processing and security or privacy of payments of cryptocurrencies, and the volatility-free stable valuations of fiat currencies. They promise lower volatility, which makes them useful for converting between fiat and other cryptocurrencies. Some of the most prominent examples are: USDT, TUSD, DAI, PAX, GUSD. What makes fiat currency free from extreme volatility? When a fiat currency's valuations may move drastically, the controlling authorities jump in and manage the demand and supply of currency to maintain price stability. The bulk of cryptocurrencies lacks both these key features - they don't have a reserve backing their valuations and they don't have a central authority to control prices when required. Stablecoins attempt to bridge this gap between fiat currencies and cryptocurrencies. The different types of stablecoins Stablecoins can be fixed to almost anything in theory, there are Stablecoins fixed to multiple fiat coins and even to precious items like gold or silver. Four main categories exists: Backed by a commodity: Stablecoins that are pegged against commodities generally have the backing of hard assets for stability. The hard assets could include real estate or gold. Backed by a crypto asset: Crypto-collateralized stablecoins are backed by other cryptocurrencies. Since the reserve cryptocurrency may also be prone to high volatility, such stablecoins are "over-collateralized"—that is, a larger number of cryptocurrency tokens is maintained as reserve for issuing a lower number of stablecoins. More frequent audits and monitoring add to price stability. However, because the crypto values themselves are not stable, these Stablecoins need to use a set of protocols to ensure that the price of the stablecoin issued remains at $1. Backed by fiat currency: Fiat-backed cryptocurrencies as the most commonly accessible stablecoins. Such types of stablecoin have the backing of fiat currencies such as the US Dollar, Euro, or Chinese Yuan, which are kept as collateral (a fiat currency reserve is maintained). Such reserves are maintained by independent custodians and are regularly audited for adherence to the necessary compliance. Production and liquidation of the coin is carried out by the issuer of the coin. Backed by an algorithm: Non-collateralized stablecoins don't use any reserve but include a working mechanism, like that of a central bank, to retain a stable price. For instance, the dollar-pegged basecoin uses a consensus mechanism to increase or decrease the supply of tokens on need basis. But… but… but… Placing you money in a stable coin is not without its risks as many stablecoins lack consumer protections and provide patchy, frequently unaudited accounts of the reserves meant to back their coins. Tether, the $60bn stablecoin, was fined $18.5m by the New York attorney-general over allegations it lied about its reserves. When should you care about stablecoins? If you cannot keep a close eye on market conditions or changes, or if you are simply not familiar with all these, it may be wise to keep your digital assets in Stablecoins. Also, during bearish market times, you can favourably keep your digital assets in stablecoins. Why are they interesting? With stablecoins you can minimise volatility, trade or save assets, transfer money cheaply, send money internationally, and lastly the one I'm going to focus on here, you can earn interests. Currently, exchanges like crypto.com offer up to 14% (!!!!) p.a. Interest on certain stablecoins. To me, that sounds ludicrous, as my bank currently offers me next to no interest (some even make you pay for keeping your OWN money with them). So what is going on in the crypto space? How can you get a hold of these high interest rates? By using a third-party crypto loan platform - you will be lending your stablecoins out. In return, you will be paid a rate of interest that in many cases is significantly higher than what you can get through a traditional savings account. Your chosen crypto loan platform will charge the end-user a higher rate than what you receive in interest (called the spread) – this is how the provider is able to pay you. However, there seem to be two main risks: (1) As mentioned earlier, a stablecoin provider needs to hold a reserve of an asset, so at some point it comes down to trust, and their ability to keep the reserve intact. (2) You need to consider the safety of the platform itself. After all, it is not the stablecoin provider that is paying you interest. On the contrary, this is paid by a third-party that collects digital currencies from depositors and then lends the funds out via a loan agreement. Furthermore, you are NOT insured. Lastly, you should be aware that most places (if not all?) you have to "lock up" your stablecoin holding for a certain period of time to accrue the "abnormal" interest rates. TL;DR - You can place your savings in high interest stablecoins, but it is, in theory, at the risk of losing your entire investment. [link] [comments]  | ||
| Crypto Experts Predict Bitcoin Price Rising to $318,417 by December 2025 Posted: 18 Jul 2021 10:52 PM PDT
 |
| You are subscribed to email updates from Cryptocurrency News & Discussion. To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
| Google, 1600 Amphitheatre Parkway, Mountain View, CA 94043, United States | |
No comments:
Post a Comment