Cryptocurrency Daily Discussion - July 21, 2021 (GMT+0)

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• Daily Discussion - July 21, 2021 (GMT+0)
• Don’t blow all your money on this dip - it can get much worse.
• Ticketmaster and Live Nation have been scamming fans and consumers by using a purposeful secret network of second-selling scalpers. Let's take these cocksuckers out.
• Why is everyone scared? U wanted a dip. The dip of the dip should be even juicier for you!
• I made an infographic of the most popular cryptocurrencies by category
• Ask me about any crypto in the top 100 and I will tell you why it is a terrible buy and what you should get instead. Every answer guaranteed unique or you get your money back!
• [Prediction] The current bear market will end within 10 days of Oct. 1st 2021 or I’ll donate $500
• You need to fight the "I need to be rich now" mentality
• Conspiracy: I believe there’s downvote bots on this board
• Not everything happening with prices has to do with conspiracy theories. There isn't a secret cabal group of whales trying to fuck you over while you sleep.
• I made a table of the top 100 coins that represents the increase it needs to reach ATH again.
• I HIT A JACKPOT on Binance 4th anniversary!
• Just in: Mastercard will use the USDC stablecoin as a bridge asset for cardholders who want to pay for goods using cryptocurrencies
• For people new to crypto: this never happened before. This is the first dip in cryptocurrency history.
• Stop reading the charts and go read a book (5 books)
• Youtubers are the worst people for crypto advice. Be aware and DYOR.
• Safemoon Developer Wallet - $50m withdrawn?
• We aren't ready yet.
• I am addicted to buying the dip and this is not financially healthy
• Not your keys, not your coins. Take a few minutes to learn why.
• Bitcoin jumps $1k in 1 minute
• Bull Market or Bear Market
• This very much feels like July 2017 again, and that's a really good thing
• Stay away from r/cryptomoonshots, scammers pay users on this platform to shill tokens
• DCA vs. Lump-sum vs. Value Averaging. A real data backtest and comparison

Daily Discussion - July 21, 2021 (GMT+0) Posted: 20 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: 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: Beginner Resources Intro to r/Cryptocurrency MOONs 🌔 MOONs Wiki Page r/CryptoCurrency Discord r/CryptoCurrencyMemes Prior Daily Discussions r/CryptoCurrencyMeta - Join in on all meta discussions regarding r/CryptoCurrency whether it be moon distributions or governance. submitted by /u/AutoModerator [link] [comments]

Don’t blow all your money on this dip - it can get much worse. Posted: 20 Jul 2021 10:29 AM PDT I first invested in crypto during the 2017 bull run, and I wanted to pass on a lesson I learned the hard way. When the market crashed in early 2018, my immediate response was to buy the dip because I wanted to DCA and recoup my losses. Then the market dipped again and I bought the dip again…then again…then again…then again…you get the picture. By chasing every single dip, I broke the golden rule of crypto - never invest more than you can afford to lose. I financially struggled for a while because of the position I stupidly put myself in. Have a game plan, space out your money, and be patient. Every time I bought the dip, I thought "Wow, these prices are insane! It can't get much lower than this." Well yes, it can go much, much lower. submitted by /u/TurbulentMoon [link] [comments]

Ticketmaster and Live Nation have been scamming fans and consumers by using a purposeful secret network of second-selling scalpers. Let's take these cocksuckers out. Posted: 20 Jul 2021 10:52 PM PDT submitted by /u/pale_blue_dots [link] [comments]

Why is everyone scared? U wanted a dip. The dip of the dip should be even juicier for you! Posted: 20 Jul 2021 06:31 AM PDT Why is everyone scared? U wanted a dip. The dip of the dip should be even juicier for you! ​ Just hold on your strategy, dont FOMO. Use this as a buying opportunity. Savest bet is to stick with your DCA. And never invest more money than u can afford to lose. Threat your crypto as already lost money and u wont panic while it goes even more down. ​ Cheers and stay save! submitted by /u/ArtofZed [link] [comments]

I made an infographic of the most popular cryptocurrencies by category Posted: 21 Jul 2021 03:06 AM PDT Hi all, a few weeks ago I made a post listing all the top 50 coins by category. I have added all that information into an infographic, as well as adding new coins, new categories and making some changes based on your feedback. I hope you find it useful. https://preview.redd.it/z14li0l7ijc71.png?width=1723&format=png&auto=webp&s=78329be948faf90a5c3911b710e4d1b1fdc86123 submitted by /u/Wargizmo [link] [comments]

Ask me about any crypto in the top 100 and I will tell you why it is a terrible buy and what you should get instead. Every answer guaranteed unique or you get your money back! Posted: 20 Jul 2021 12:39 PM PDT With all this negative news lately I think we all could use a laugh. So ask me about any crypto in the top 100 and I will tell you why it is terrible and what you should get instead. Every answer guaranteed to be unique or you get your money back! Disclaimer: this is a joke and is not financial advice. I am guaranteed to be invested in some of the coins I roast, this is all for the fun of it Edit: wow this blew up. I will answer everything as soon as I can! Edit 2: chuckles I didn't expect this many comments. I will answer everything as soon as I can but it could take a couple days to get through everything. I am really enjoying this though, thanks for relaxing with me here! :) submitted by /u/Eluchel [link] [comments]

[Prediction] The current bear market will end within 10 days of Oct. 1st 2021 or I’ll donate $500 Posted: 20 Jul 2021 02:01 PM PDT You heard it here first, unless you read my shitpost in the other thread where I first made this prediction. I am predicting a 20 day window for the end of our current bear market, if it does not end between September 22nd and October 11th I will donate 500 USD to the highest voted secular charity that doesn't offend any of my sensibilities. (I'll donate to NPR if nobody participates lol) I marked this as comedy so I won't get moons, or much fewer of them, I don't know how it works exactly. edit: Thanks to u/Lobster_Messiah we will use a definition for the "bear market ending" as described in this comment thread. submitted by /u/seekret [link] [comments]

You need to fight the "I need to be rich now" mentality Posted: 20 Jul 2021 07:49 PM PDT One of the strongest feelings that anyone in our modern world will experience is the overwhelming desire for a financial lightning strike that means you can wake up tomorrow and solve all of your financial problems. This mentality sailed in during the last big crypto bull run and crash, it got a huge boost with a few stocks back in January, but the truth is that it's always there: money solves problems and the more you have the more problems you can solve. This drives so many of us to feel like we have to see huge gains as soon as possible. It also drives many people to sell and take a big loss if they didn't win fast enough. If you can see past that, if you can say, "This money I'm investing in crypto isn't something I'm going to touch yet. I'll buy a little bit every week for the next 2 years," then you are going to be okay. Yes, it's some Jedi-master patience shit that will get tested every now and again. But if you can keep buying, consistently, you're going to fare much better in the long run. submitted by /u/SenseiRaheem [link] [comments]

Conspiracy: I believe there’s downvote bots on this board Posted: 20 Jul 2021 06:41 PM PDT Every time I sort the posts by new, I notice that posts are instantly bombarded with downvotes while certain stocks that appears to be pumps are getting upvoted like crazy. To me it seems theres bots similar to what was posted to in regards to this but rather the bots posting similar comments..... it appears they're doing the follow: Posting a bump or farming post Downvote the shit out of al new posts to have the algorithm favour their post I tried following some new posts and found that they get downvoted almost instantly to 50%-65% while a short post about "crypto name" gets an average 95% to 100% with those short comments either saying "crypto name" or an emoji. In conclusion, the moon system is broken submitted by /u/TwistedFluke [link] [comments]

Not everything happening with prices has to do with conspiracy theories. There isn't a secret cabal group of whales trying to fuck you over while you sleep. Posted: 20 Jul 2021 10:26 PM PDT I'll start this by acknowledging that manipulation does exist and it is even more rampant than the stock market due to crypto's unregulated nature. And I will admit there's something re assuring to look at Wyckoff charts expecting another pump. However... According to most YouTubers and traders and sentiment peddlers in this space, there seems to be a secret group of 'they' who move as if possessing a singular will in well rehearsed cadences. From game theory perspective, this assumption is false. Most whales and institutions have their own priorities and interest, and those groups are just as likely to compete against one another as they're likely to cooperate. Fact is, we can't know for sure. So it's nonsensical to think that whenever you lose money there must be some kind of high powers that are behind it, hell bent on reducing your holdings to zero. I've seen it all. I've seen Asians blaming the Westerners for 'selling' and I've seen the Westerners blaming the Asians for 'dumping'. Likewise, I've seen people attribute pumps to different demographics across the ocean. This leads us to the question of media FUDs. Again, whenever FUDs drop, this sub attribute the FUDs to 'them' as in, 'they' want you to sell. Well, it's true that it's possible to pay newspapers to drop these FUDs, but again, there isn't a single entity or a big bad group behind the scene trying to fuck you over. It's a complex war for interest between hedge funds, institutions, and the policy makers. Attributing the FUDs to a single entity is a very simplistic way to look at the way things operate. It's great to be cynical and to keep your awareness up. But don't fall too deeply into the rabbit hole and become a conspiracy theorist of the crypto world. submitted by /u/savage-dragon [link] [comments]

I made a table of the top 100 coins that represents the increase it needs to reach ATH again. Posted: 21 Jul 2021 02:45 AM PDT I accidentally miscalculated some of the increases the first time. This is the correct formula. First off, sorry to crush a lot of your dreams, but sometimes things just need to be put into perspective. Here's the table as of today: # Name ATH Current price Increase needed 1 BTC 64805 30869 109,94% Bitcoin 2 ETH 4356,99 1873,09 132,61% Ethereum 3 USDT 1,32 1 32,00% Tether 4 BNB 686,31 280,23 144,91% Binance Coin 5 ADA 2,45 1,13 116,81% Cardano 6 USDC 1,17 1 17,00% USD Coin 7 XRP 3,4 0,54766 520,82% XRP 8 DOGE 0,73158 0,17998 306,48% Dogecoin 9 DOT 49,35 11,59 325,80% Polkadot 10 BUSD 1,15 1,01 13,86% Binance USD 11 UNI 44,92 15,6 187,95% Uniswap 12 BCH 3785,82 412,56 817,64% Bitcoin Cash 13 LTC 410,26 112,2 265,65% Litecoin 14 SOL 58,03 25,56 127,03% Solana 15 LINK 52,7 14,53 262,70% Chainlink 16 WBTC 64565 30812 109,54% Wrapped Bitcoin 17 ETC 167,09 41,51 302,53% Ethereum Classic 18 MATIC 2,62 0,82485 217,63% Polygon 19 DAI 1,22 1 22,00% Dai 20 XLM 0,87556 0,21649 304,43% Stellar 21 CUSDC 0,05884 0,02214 165,76% cUSDC 22 ICP 700,65 31,05 2156,52% Internet Computer 23 CDAI 0,03159 0,0216 46,25% cDAI 24 VET 0,28099 0,0614 357,64% VeChain 25 THETA 15,72 4,01 292,02% Theta Network 26 FIL 236,84 42,95 451,43% Filecoin 27 TRX 0,23167 0,05289 338,02% TRON 28 XMR 542,33 189,97 185,48% Monero 29 EOS 22,71 3,38 571,89% EOS 30 AAVE 661,69 242,25 173,14% Aave 31 SHIB 0,00004 0,00001 300,00% Shiba Inu 32 FTT 63,12 26,97 134,04% FTX Token 33 LEO 3,95 3,01 31,23% LEO Token 34 ATOM 31,7 10,09 214,17% Cosmos 35 OKB 44,01 10,29 327,70% OKB 36 CRO 0,27702 0,10601 161,31% Crypto,com Coin 37 CETH 87,15 37,59 131,84% cETH 38 LUNA 22,36 6,3 254,92% Terra 39 CAKE 43,96 12,13 262,41% PancakeSwap 40 KLAY 4,34 0,9304 366,47% Klaytn 41 ALGO 3,56 0,73574 383,87% Algorand 42 BSV 489,75 116,98 318,66% Bitcoin SV 43 CEL 8,05 4,97 61,97% Celsius Network 44 MKR 6292,31 2314,15 171,91% Maker 45 UST 1,09 1 9,00% TerraUSD 46 AMP 0,12081 0,0417 189,71% Amp 47 COMP 910,54 364,86 149,56% Compound 48 NEO 198,38 27,23 628,53% NEO 49 XTZ 8,27 2,26 265,93% Tezos 50 AVAX 59,4 10,16 484,65% Avalanche 51 MIOTA 5,25 0,61629 751,87% IOTA 52 GRT 2,84 0,51241 454,24% The Graph 53 HBAR 0,44837 0,16534 171,18% Hedera Hashgraph 54 SAFEMOON 0,00001 0 318,88% SafeMoon 55 KSM 621,71 160,78 286,68% Kusama 56 DASH 1493,59 139,6 969,91% Dash 57 EGLD 243,92 71,87 239,39% Elrond 58 DCR 247,35 105,2 135,12% Decred 59 HT 39,66 8,02 394,51% Huobi Token 60 SNX 28,53 7,97 257,97% Synthetix Network Token 61 TFUEL 0,68159 0,25315 169,24% Theta Fuel 62 BTT 0,01357 0,00204 565,20% BitTorrent 63 SUSHI 23,38 6,68 250,00% Sushi 64 TUSD 1,62 1 62,00% TrueUSD 65 HBTC 69325 30874 124,54% Huobi BTC 66 WAVES 43,01 12,36 247,98% Waves 67 STETH 4309,29 1871,46 130,26% Lido Staked Ether 68 XEM 1,87 0,13546 1280,48% NEM 69 CHZ 0,87863 0,21797 303,10% Chiliz 70 RUNE 20,87 4,05 415,31% THORChain 71 CLOUT 198,68 100,3 98,09% BitClout 72 ZEC 3191,93 91,6 3384,64% Zcash 73 ENJ 3,94 1,08 264,81% Enjin Coin 74 AXS 29,29 17,83 64,27% Axie Infinity 75 1ST 12,08 0,22965 5160,18% First Blood 76 YFI 90787 27470 230,50% yearn,finance 77 HNT 22,31 10,07 121,55% Helium 78 QNT 98,55 71,35 38,12% Quant 79 STX 2,92 0,87122 235,16% Stacks 80 PAX 1,13 1 13,00% Paxos Standard 81 XDC 0,14443 0,07277 98,47% XDC Network 82 HOT 0,03127 0,00469 566,74% Holo 83 NEXO 4,07 1,38 194,93% NEXO 84 KCS 20,17 9,17 119,96% KuCoin Token 85 MANA 1,6 0,55082 190,48% Decentraland 86 BAT 1,63 0,48156 238,48% Basic Attention Token 87 NEAR 7,56 1,72 339,53% Near 88 FLOW 42,4 12,99 226,40% Flow 89 ZIL 0,25538 0,05614 354,90% Zilliqa 90 MDX 10,11 1,15 779,13% Mdex 91 TEL 0,06448 0,01131 470,11% Telcoin 92 CUSDT 0,02342 0,0213 9,95% cUSDT 93 BTG 456,25 36,32 1156,19% Bitcoin Gold 94 BNT 10,72 2,7 297,04% Bancor Network Token 95 OMI 0,01344 0,0032 320,00% ECOMI 96 ONE 0,22209 0,06029 268,37% Harmony 97 TITAN 9,56 5,92 61,49% TitanSwap 98 HUSD 1,25 1 25,00% HUSD 99 QTUM 100,22 5,16 1842,25% Qtum 100 DGB 0,17808 0,03549 401,78% DigiByte submitted by /u/Bonapoke [link] [comments]

I HIT A JACKPOT on Binance 4th anniversary! Posted: 21 Jul 2021 01:25 AM PDT After a week of completing their lengthy 4th Anniversary Learn and Earn campaign questionnaires, posting answers or "cheat sheets" here on Reddit for fellow redditors, Im proud to say that I finally got my rewards today. And man was this a reward for the history books! I'm not quite sure yet how I'll use my reward. I was thinking of buying a nice boat to take my kids around or maybe a small weekend house on Bali. No more worries about paying the rent next month!!! What do you guys think? I'm really grateful for this reward mr.CZ of Binance! You are really too generous to us Binancians. Who needs Coinbase when we have this. So long guys, I'm off to cash out my 0.74841255 BUSD voucher and I'll be on my way to financial freedom. submitted by /u/anakanin [link] [comments]

Just in: Mastercard will use the USDC stablecoin as a bridge asset for cardholders who want to pay for goods using cryptocurrencies Posted: 20 Jul 2021 04:02 AM PDT submitted by /u/9Oh8m8 [link] [comments]

For people new to crypto: this never happened before. This is the first dip in cryptocurrency history. Posted: 20 Jul 2021 04:54 AM PDT So we all know Satoshi Nakamoto made Bitcoin so that the value will go up exponentially forever. Right now Bitcoin dropped below $30k and I never seen this before (I am a crypto veteran since February 2021). Some YouTube crypto experts said Bitcoin was going to reach $200k by the end of this year. I am not sure what is happening right now, but it clearly is market manipulation. Even though we still have time to reach $200k end of the year, as a veteran, I think it is wise to sell now and FOMO back in when you see the price go up. This is not financial advice. I only know how to lose money. submitted by /u/pepperonimilkjuice5 [link] [comments]

Stop reading the charts and go read a book (5 books) Posted: 21 Jul 2021 02:25 AM PDT Today I will give you 5 books that are really interesting if you are invested in cryptocurrency, what I think you are if you here! Watching charts is nice but useless if you are not a day trader. Reading and learning about crypto is better. I know a lot of people who watch charts all day, every hour and do nothing else, it brings nothing to them. So take a book and read ! Even a fictional book totally not about crypto, just read ! ​ The Book Of Satoshi (Phil Champagne) This book is a collection of the essential writings of the creator of Bitcoin, Satoshi Nakamoto. Even if we still didn't know his true identity, when he was active, he posted a lot of emails and online forum posts and this book contains all the most important things, like his explanation of how Bitcoin works. Interesting to know his vision and to understand the first cryptocurrency in the world ! ​ The Age Of Cryptocurrency (Paul Vigna & Michael Casey) This book is written by two journalists and is really well written. It is a really introductive book, but complete and easy to understand for all people. They speak about the relationship between cryptocurrencies and the global financial crisis and about how blockchain can change the financial system. ​ The Basics Of Bitcoins And Blockchains (Antony Lewis) Written by an early adopter and cryptocurrency expert who worked for itBit (now Paxos), this book clearly breaks down the technical aspects of blockchain technology in a way that is understandable by everyone, within and outside of the crypto space. This book covers the fundamentals but is also a useful guide for the blockchain and its applications. ​ The Little Bitcoin Book This book, published in 2019, was written by a collective of authors committed to promoting Bitcoin and its democratization. This book is a really basic book about Bitcoin and what it is and why it will be essential for the future and for the financial world. A little too basic if you are already in crypto, it is more for the beginner, for your family who want to understand. ​ A History Of Money (Glyn Davies) This book is about more than cryptocurrency, it is about the money, the financial system since it existed. It is interesting to see how the world has created all we know about money, and how we finally arrive to the time of cryptocurrency. ​ I really believe that reading is good for everyone, it allows the mind to think about something else than "buy the dip" or "I bought too early". Just learn about crypto, blockchain and bitcoin. Or even read someting else, a fictional book or learn a music instrument I don't know! Stop watching the charts every minute. All these books are on amazon, or for free on internet (you know about the library genesis). submitted by /u/waughandy [link] [comments]

Youtubers are the worst people for crypto advice. Be aware and DYOR. Posted: 20 Jul 2021 10:50 AM PDT Most of the crypto youtubers don't have a good knowledge about crypto. They are the worst people to get information from. People like BitBoy Crypto and CryptosRUs are straight scammers. They talk nonsense to create daily content. Please do your own research and don't fall into their honey talk. Crypto and stocks are unpredictable. If anyone can predict them, they would be on Forbes list by now. submitted by /u/AnakinOnBluePill [link] [comments]

Safemoon Developer Wallet - $50m withdrawn? Posted: 20 Jul 2021 05:17 PM PDT The address of the Safemoon developer wallet has been confirmed in this post: r/SafeMoon/comments/mi5i4l/dev_wallet/ The post states, "This is the funding that we publicly disclosed is being used for Development. It was seperated out from the deployer for ease of use and access." Wallet address is 0x79c4af7c43f500b9ccba9396d079cc03dfcafda1 Bscscan CSV download of the transactions shows that 141,452 BNB has been withdrawn from this wallet. At an average price of $400, that is $56m. Am I missing something? If not, where has this money gone and why doesn't anybody care? submitted by /u/GTIOriginal [link] [comments]

We aren't ready yet. Posted: 21 Jul 2021 03:04 AM PDT Nice to see BTC have a nice 6% bounce. But I also see Doge and Shib having a 16% and 12% bounce. Looks like there is still alot of risk taking going on. I don't think we are going to move into a new bull run until we have bottomed out, and I don't think we will bottom out until the retail investors are completely demoralised and completely risk off. Seeing sh1tcoins have solid bounces just tells me the bottom isn't in yet, we still have a way to go. submitted by /u/masterzergin [link] [comments]

I am addicted to buying the dip and this is not financially healthy Posted: 20 Jul 2021 06:41 PM PDT I bought and joined the crypto space during the ATH this year. I am very confident with my purchases because I did my own research. I DCA, HODL and STAKE, however, whenever there is a dip I put in some extra cash in. I am beginning to feel that I am addicted to the dip and this is not a healthy relationship. I put in more cash in despite just recently bought a house and there are plans to renovate. I always tell myself it's just another $100, it ain't a biggie, but it all adds up. So what I am trying to say is if you have an unhealthy relationship with the dip like I do maybe it's time to reevaluate your enter strategy. Due to my financial situation, I have set a limit today. No more than a certain amount is to be invested in crypto no matter the dip. Just DCA every weekend. submitted by /u/Accomplished-Design7 [link] [comments]

Not your keys, not your coins. Take a few minutes to learn why. Posted: 21 Jul 2021 01:52 AM PDT It's a well known meme at this point but what does it actually mean? If you hold crypto currency and dont know how the basic cryptographic mechanisms used to protect the integrity of the blockchain works, this post is for you. Wait, what keys? Your crypto wallet is associated with a cryptographic key pair consisting of a public key and a private key. This is known as asymmetric cryptography, as oppose to symmetric cryptography where the same key is used to both decrypt and encrypt. The public key is calculated from the private key but the private key cannot be calculated from the public key. The private key is basically a long randomly generated number. The number of possible numbers is astronomical and hard to even comprehend. The number of sand grains on earth does not even come close so guessing a number that corresponds to a crypto currency wallet is practically impossible. How many possibilities exist you ask? About 115 quattuorvigintillion. Yes, that's a real number. It's more than the number of atoms in the perceivable universe. A lot more. The private key is used to sign transactions and the public key can be used to verify that the signature was indeed generated with the associated private key. The public key is also used to derive your wallet address. Since we are pretty terrible at remembering and interacting with extremely large numbers we can use a series of words to derive the private key. This is the 24 word recovery seed phrase you get when creating a new wallet. Those words are a mnemonic representation of the private key and needs to be treated as such. NEVER give away your seed phrase as it allows anyone to recreate the private key and access your funds. That seed phrase exists so that you can write it down somewhere safe, preferably not on a digital medium at all. The private key is effectively what gives you full access to your crypto wallet as it enables the ability to authenticate transactions from the associated wallet. If your private key falls in the hand of someone else, they now have the ability to send your coins somewhere else as they can sign transactions. It's therefore vital to protect the private key, and the associated seed phrase at all costs. There are a number of ways to do this: - Centralized Exchange: Not really a correct answer but I'll mention it for educational purposes. In this case you don't own the keys at all and trust a third party with custody of your crypto currency. You save yourself the hassle of securely storing any keys but control over your funds is entirely at the mercy of the exchange provider. It can be a secure solution but it's important to know what it means. Almost crypto currency exchanges I know of have a clause in the terms of agreement specifically stating that they are not liable for loss of funds due to hacks or other technical faults. - Software Wallet: A purely software based solution where the private key is stored locally on the same device as the software you use to interact with the wallet. Its a practical solution but you have to trust the software vendor and the device you run it on, typically a smartphone or a computer, both which have large attack surfaces. - Hardware Wallet: A dedicated device with secure storage that stores your private key. In order to sign transactions you connect the hardware wallet to your PC or phone and some sort of application sends the transaction to your hardware wallet and gets the signed transaction in return. The private key never leaves the hardware wallet and therefore you introduce a vital level of isolation from your wallet software. Note that hardware wallets can never be 100% secure. We must assume there will always be a way to extract key material from the device through some sort of vulnerabilty, but 99,99% of us it's secure enough. - Seed Phrase storage only: The most secure way to store your private key is to not store it at all. When creating a new wallet the private key is generated and the seed phrase derived as a human readable representation of that private key as a collection of words used to derive the private key. The seed phrase needs to be stored securely regardless of what sort of wallet you intend to use as it allows you to recover the private key in the future. You could avoid storing the actual private key at all and only ever derive it again and use it at some point in the future if you want to send crypto funds using the seed phrase. As long as you can store the seed phrase securely it's impossible for anyone to steal your coins. It really is a pain in practice if you send transactions regularly though since you need to go through the whole process of generating the private key every time which additionally can pose a security risk as the seed phrase needs to be inputted into some sort of software. Hopefully this little lesson made you more aware of the importance of securing your keys. If you read this post and felt some degree of nervousness or paranoia then that's probably a good thing. submitted by /u/ardevd [link] [comments]

Bitcoin jumps $1k in 1 minute Posted: 20 Jul 2021 09:39 PM PDT Around 12:15am EST Bitcoin moved from 29.9k to 30.8k So what just happened? Apparently around 3000 BTC was moved from huobi to a personal wallet. But i don't think that really would move the price that much. Any theories on what the whales are doing tonight? Looks like one may of just bought a ton of Bitcoin within the last 30 minutes. It's also interesting that they bought during the time most Americans are asleep. I also wonder if a ton of shorted Bitcoin was ended and people were forced to buy up some Bitcoin. submitted by /u/zoopdeedoop1234 [link] [comments]

Bull Market or Bear Market Posted: 21 Jul 2021 12:10 AM PDT Don't Get Stressed let's try and deduce from some simple analysis. These last few days have been crazy in the crypto market, no doubt, but if we all just take a step back and look at the big picture we have seen extraordinary growth in the crypto space this last year as a whole. Despite all of the recent FOMOing into puff coins like Doge and Shib. Hype and frenzy can pump the price quick, and dump even harder because it's hard to sustain without having any of the fundamentals to back it up. I know with all the noise and FUD around BTC, particularly as a result of the indiscretions of the, self-proclaimed "Imperator of Mars," Elon Musk, it's hard to remain calm and unaffected by the hysteria. (For those who don't know what "Imperator" means, here you go: an absolute or supreme ruler; (in Imperial Rome) emperor. Who in their right mind, gives themselves that title without being irredeemably narcissistic and self-absorbed. Give me a break.) Anyways, despite all of this, we must not forget where we are at this cycle, and must definitely not act impetuously when deciding to buy, or sell (particularly right now). Here are some Facts to give some insights into the Larger Picture that might help to reframe the current bearish sentiment in the market. The First Bitcoin Cycle lasted 41 weeks and had a return of roughly 93,000% The Second Bitcoin Cycle lasted 107 weeks and had a return or roughly 63,000% The Third Bitcoin Cycle lasted 152 weeks and had a return of roughly 13,000% During the course of the First Bitcoin Cycle the price corrected over 50%, to test the Bull Market Support Band (20 Week SMA & 20 Week EMA), 2 times During the course of the Second Bitcoin Cycle the price corrected over 50% to test the Bull Market Support Band, 3 times, and broke through 1 time before breaking back above it During the course of the Third Bitcoin Cycle the price corrected on average around 40% to test the Bull Market Support Band, 7 times What can we deduce from all of this information: Their are significant gains each cycle, but each with diminishing returns The duration of each cycle increases exponentially The price made multiple test of the Bull Market Support Band during the course of the cycle, correcting around roughly 40-50% for each test Now that we understand the way the cycles behaved prior, where are we this cycle? Are we in a Bull run or a correction or have we fallen into a Bear Market, time will tell! However given the rate of extension each cycle, I think a conservative estimate for the length of this cycle would be 175-200 weeks long, putting a peak up somewhere around March or April 2022. There is of course always the possibility for the cycle to be shorter or longer, but if history is any indication, it will not be shorter than the prior cycle of 152 weeks. All of this is to say, Bitcoin is not done, in fact far from it! Take advantage of this reduced price action! DCA and HODL Good Luck everyone submitted by /u/Ntrevelyan [link] [comments]

This very much feels like July 2017 again, and that's a really good thing Posted: 20 Jul 2021 11:17 AM PDT So I've been around the block (!) a while. In mid July 2017, Bitcoin sentiment was pretty much just like now. Price was going down after a near $3000 high in June to just under $2000, markets were shaky and fear was the prominent feeling. We didn't have Covid, but we had a similar market fears related to the Zika virus and other murky skies on the financial horizon making the rounds in the tabloids. We all know what happened in the coming months: price shot up to nearly $20K before dropping hard. I can feel it my bones, $100K+ is very much on the table with a crash down to $40K next Q1. I'm buying BTC and alts hard right now. submitted by /u/unprotextor [link] [comments]

Stay away from r/cryptomoonshots, scammers pay users on this platform to shill tokens Posted: 20 Jul 2021 10:44 PM PDT So I was on r/cryptomoonshots trolling some posts in the comments on how easy it is to make a shitcoin on the BSC or the ETH network. Then one of the authors of the posts got triggered about how I was creating FUD (fear, uncertainty, doubt). I looked at his post history and sure enough, he had shilled other coins. So then I replied why he was doing this and here was his response: https://imgur.com/gallery/1MLoXw9 This is why we can't have nice things. tl;dr There are paid shills promoting rug pull tokens in CMS submitted by /u/platniumperson [link] [comments]

DCA vs. Lump-sum vs. Value Averaging. A real data backtest and comparison Posted: 21 Jul 2021 02:46 AM PDT Creating a passive investment strategy for a market index like the S&P500 is a simple task that requires very little thought above considering available funds to invest each period. A strategy applied to cryptocurrencies will ideally be able to exploit the iconic bull runs and corrections that define the market whilst protecting against the collapses that can wipe out 80% of capital in a matter of weeks. For all of our strategies, we will consider a maximum capital input of $15,000, which is roughly $16.25 per day over the period. We assume that this capital is readily available in our trading account and that we could deploy the entire $15,000 in one trade if we so wished. I use data from late 2017 to early 2021. Lump-Sum Investment The simplest investment strategy that we could employ would be investing the lump sum of $15,000 on a single day. If this sum was invested at the all-time low during this period we would consider this a successful strategy but if invested close to the all-time high, this strategy will fare worse than the majority of other strategies. Determining these highs and lows before they happen or even whether the price at present is high or low is a fool's errand at best, especially when it comes to cryptocurrencies. We can analyse the performance of this strategy across the entire period, considering the return if the lump sum were to be invested on each of the days. Lump-sum returns by date of investment We can see that the investment return is inversely proportional to the price on the lump-sum purchase date. We can also see that the majority of returns lie between 300-700% but there is another mode around 1000-1300% (representing the investments made within the bear markets following the previous peak). Distribution of lump-sum returns Dollar-Cost Averaging If we invest the $15,000 over the entire time period making one purchase of BTC per day, we protect ourselves from making large purchases when the price is high at the cost of exploiting the general uptrend of the market during the time period. Portfolio gains increase in magnitude towards the end of the period as we have a much larger cumulative investment. ​ DCA portfolio value. The DCA strategy achieves a return on investment of 523.73%, certainly not a modest figure. If we suppose that we have no insight enabling us to correctly determine on which day to make the investment (a depressing but fairly reasonable assumption given our track record as a community) we can compare the performance of a lump sum investment against dollar-cost averaging. Assuming that we choose a day at random to make the lump-sum investment, the probability of beating the return of the DCA strategy is 40.45% (523/1293 days). Although perhaps I am not giving the average cryptocurrency investor's market timing abilities enough credit… Value-Averaging An alternative to dollar-cost averaging is value averaging. In which, we attempt to take advantage of price fluctuations of an asset over time. The value averaging method allows us to change how much we invest in each period depending on the price fluctuation over the previous period. If the price decreases then we make a larger purchase at the start of the next period and analogously if the price increases we make a smaller purchase (or even sell some of the holdings) at the start of the next period. If our period target (Δ) is $15 and our portfolio drops 10$ between two periods, the next period we invest 15+10=$25, if it had increased by $5, we would have invested only 15-5=$10. Note that if the asset drops far below the price at the start of the value averaging strategy it can be possible to run out of capital. Portfolio and cash value using value-averaging. ROI 256.21%. The USDT Vault holdings increase when the BTC increases enough that the BTC holdings value increases more than the specified Δ. If purchases are made in subsequent periods we fund these through the vault (if non-empty) rather than the injection of extra capital. By design, the value of asset holdings (not including USDT) after t periods will be Δt. Without imposing extra restrictions on the purchasing or sale of assets we cannot accurately choose a Δ that ensures we do not invest more than a specific threshold over the period. Value-averaging does indeed allow us to exploit the downswings of BTC price but in the process of selling a large proportion of holdings when prices increase we remove a lot of potential profits from the table. This has a substantial impact on the overall profitability of the strategy due to the often exponential rises in cryptocurrency prices. We can adapt the VA strategy to maintain the exploitation of price drips but prevent the sell-off of assets during price increases. I believe that this is beyond the scope of this post and will consider making a separate post at some point. Key Takeaways Making a lump-sum can be one of the most profitable strategies assuming that you have the hindsight to know when to make your investment. If you have the conviction that the current price of the market isn't close to the all-time-high that will be achieved within the next few years then a lump-sum (or partial lump-sum) investment could be a potential avenue to explore. Otherwise, a strategy of making multiple investments over time is the better choice. The simplest multiple-investment choice of DCA has a historic ROI of 523.73%. Making periodic investments allows us to hedge against the volatility of an asset like Bitcoin. The more volatile an asset is the more we would benefit from making periodic investments (and the more we would benefit from smaller times in between investments ie. monthly over yearly investments). Weekly investments may be much more manageable than daily investments purely from a time perspective but also from a transaction fees perspective. The more trades you are making the more fees you will be charged. The danger with waiting larger times in between investments (even if making weekly investments) is that investors may be trying to time their investment in order to get the best price. This is precisely what the DCA design tries to avoid. If we're making daily investments we won't be waiting 3-6 days to find the best entry point and then finding out that the best price to enter was actually on the first day of the period… If you like to think that you can time your weekly investment then go ahead, otherwise stick to your guns and invest on the same day each week. The value-averaging strategy returned 256.21%, falling way behind standard DCA. The strategy had prolonged periods of selling when the price was rising about the value-averaging parameter Δ. An asset like Bitcoin that has exponential rises in price often triggers the value-averaging sell order when positions are sufficiently large; something we'd like to avoid. We could potentially adapt the sell criteria to be triggered by a price change factor (or percentage) rather than an absolute price change. submitted by /u/TeddyousGreg [link] [comments]

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