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    Cryptocurrency Daily Discussion - July 24, 2021 (GMT+0)

    July 24, 2021

    Cryptocurrency Daily Discussion - July 24, 2021 (GMT+0)

    Daily Discussion - July 24, 2021 (GMT+0)

    Posted: 23 Jul 2021 05:50 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 The prior exemption for karma and age requirements is no longer in effect.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.
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    A 12-Year-Old Made Over $160,000 in Ethereum on NFTs in One Day

    Posted: 23 Jul 2021 12:47 PM PDT

    There was a post yesterday that included a snapshot of the Top 100 coins from exactly 4 years ago. I decided to crunch some numbers to see how those coins progressed over time and where they stand today. Here are my findings, with some interesting tidbits:

    Posted: 24 Jul 2021 12:30 AM PDT

    That post got me to thinking just how many coins completely tanked, so I decided to jump in headfirst and do some research. I apologize in advance for my formatting; I haven't actually tried to type out a legitimately formatted post on reddit in a long time.

    First, I am going to show a table of all 100 coins, broken down into sections. The first section will be the Top 10 coins from 4 years ago. Included will be their ticker (their new ticker will be in parentheses, if applicable); the price on July 23, 2017; the current price (the date they ceased to exist in parentheses, if applicable); the percent increase/decrease over the past 4 years; and the ATH price (and date); the percent increase from the snapshot date to ATH (if the ATH was prior to July 23, 2017, it will show a decrease). I will talk about each section a bit before moving on to the next section and, after all the coins are posted, I'll provide some overview and some interesting tidbits.

    Note: The Current Price is as of sometime yesterday, as I did my initial research throughout the day. Also, dates are in MMDDYY format. *=Current Top 100, as of the time of my research. Some coins are borderline and may have moved into or out of the current 100 as of this posting.

    2016 Rank Coin 07/2017 Price Current Price % Change ATH (Date) % Change
    1 BTC* 2763.14 32536 +1177.56 64863 (04/12/21) +2345.56
    2 ETH* 226.71 2075 +915.27 4362 (05/10/21) +1924.04
    3 XRP* 0.1948 0.60 +308.01 3.84 (01/04/18) +1971.25
    4 LTC* 44.36 120.62 +271.91 412.96 (05/08/21) +930.93
    5 XEM* 0.1731 0.1426 -17.62 2.09 (01/04/2018) +1207.39
    6 ETC* 15.89 45.24 +284.71 176.16 (05/05/21) +1108.62
    7 DASH* 189.78 142.28 -25.03 1642.22 (12/19/17) +865.33
    8 MIOTA* 0.2709 0.675 +249.17 4.58 (01/07/18) +1690.66
    9 XMR* 43.21 200.78 +464.66 517.62 (05/07/21) +1197.92
    10 STRAT 6.32 1.43 -77.37 22.66 (01/08/18) +358.54

    Below is a table with some stats from the Top 10 from 4 years ago (for monetary stats, I assume a $100 investment across the board, for a total of $10,000 invested). The stats included are: Total Profit (including initial investment); Profit per coin (in this case, the Total Profit/10); how many total coins turned a profit; how many coins went to zero; How many coins went at least 2x; how many coins went at least 4x; how many coins are still in the Top 100 today; which coin had the largest percent increase.

    Total Profit $/Coin # Profitable Coins Zero 2x+ 4x+ Current Top 100 Biggest Increase
    $3851.27 $385.12 7 0 7 3 9 BTC

    Out of this group, obviously BTC performed the best, although ETH is right on its heels. Most of the coins here have had solid run-ups overall. Half of them had their ATH reached in 2021 and, assuming the upward trend eventually picks back up and new ATHs are reached, they will likely have a different ATH in the future.

    XRP especially went bananas in early 2018 and, even though it is centralized, it was one of /r/cryptocurrency's most shilled coins during that holiday period. Out of these 10 coins, only STRAT is unlikely to ever reach it's July 23, 2017 price point in the future.

    The next grouping will be coins 11-25 from 4 years ago. They had robust market caps, especially for the time, all ranging between $250M-$450M. It is really interesting to see the wild swings in this group, as this is where the gambles really start to take place. It is also where we see our first Zero Coin (coin that drops to nothing). I'm sure some of y'all might be able to guess what it is.

    2016 Rank Coin 07/2017 Price Current Price % Change ATH (Date) % Change
    11 EOS* 1.91 3.55 +185.86 22.89 (04/29/18) +1198.43
    12 BTS 0.1737 0.0375 -78.41 0.9168 (01/02/18) +527.81
    13 VERI 224.34 16.24 -92.76 506.33 (01/10/18) +225.70
    14 ANS (NEO)* 8.58 28.82 +335.90 196.85 (01/15/18) +2224.29
    15 BCC 64.00 0 (08/10/18) -100.00 479.30 (12/28/17) +748.91
    16 ZEC 214.71 96.79 -54.92 5941.80 (10/29/17) +2767.36
    17 STEEM 1.62 0.3715 -77.07 8.57 (01/03/18) +529.01
    18 WAVES* 3.68 14.27 +387.77 41.33 (05/04/21) +1123.10
    19 QTUM* 6.92 5.69 -17.77 106.88 (01/07/18) +1544.51
    20 USDT* 1.00 1.00 0.00 1.00 (STABLE) 0.00
    21 ICN 3.06 0 (07/20/19) -100.00 5.65 (01/09/18) +184.64
    22 SNT 0.0869 0.065 -25.26 0.6759 (01/04/18) +777.16
    23 SC* 0.0104 0.0107 +2.88 0.1117 (01/06/18) +1074.03
    24 BCN 0.0156 .00031 -99.81 0.0178 (01/06/18) +14.1
    25 GNT (GLM) 0.3079 .308 +0.03 1.25 (01/08/18) +405.98

    Here are the totals for this group of 15:

    Total Profit $/Coin # Profitable Coins Zero 2x+ 4x+ Current Top 100 Biggest Increase
    $1466.44 $97.76 5 2, almost 3 2 0 6 WAVES

    Looking at the coins in this group, I was expecting NEO to have the most profit over time. Seeing WAVES slightly higher was surprising. What wasn't surprising was seeing Bitconnect (BCC) be the first Zero Coin Casualty. As an aside, if you had bought BCC on 07/23/17 and sold the day after Carlos Matos yelled his WASO WASO WASO WASO BITCONNNNNEEEEECCCCCTTTT!!!!! meme, you would have gotten out shortly before it reached an ATH and would have gotten about 5.5x return on your investment. That meme was the moment everyone with a brain realized that BCC was a complete scam and the writing was on the wall for a huge dump forthcoming.

    This group did pretty well, even with the BCC, ICN and BCN duds, but this is where the huge swings can be seen for the first time, with the exception of Tether, the one and only stablecoin in the Top 100 from 4 years ago. An abnormality in this group is EOS with its ATH date of April 2018, a good 3 months after the crash started. Intriguing. Next up are the remainder of the Top 50 from 4 years ago, including the biggest gainer of all (I'm sure you all know what it is already).

    2016 Rank Coin 07/2017 Price Current Price % Change ATH (Date) % Change
    26 GNO 228.81 185.25 -19.04 461.17 (01/05/18) +201.55
    27 XLM* 0.2217 0.2571 +15.47 0.9381 (01/04/18) +423.14
    28 REP 21.21 16.12 -24.01 123.24 (01/11/18) +581.05
    29 LSK 2.11 2.29 +8.53 39.31 (01/07/18) +1863.03
    30 DOGE* 0.002 0.1908 +9540.00 0.7376 (05/16/21) +36880!!!
    31 FCT 23.19 1.28 -94.48 89.16 (01/07/18) +384.48
    32 GBYTE 532.81 20.83 -96.09 1195.99 (01/03/18) +224.68
    33 MAID 0.3839 0.5453 +42.04 1.38 (04/12/21) +359.47
    34 DGB* 0.0195 0.0368 +88.72 0.1825 (05/01/21) +935.89
    35 GAME 2.51 0.1012 -95.97 6.90 (01/09/18) +274.90
    36 DCR* 28.13 114.37 +406.58 250.02 (04/17/21) +888.81
    37 ARDR 0.1493 0.1354 -9.31 2.55 (01/16/18) +1707.97
    38 NXT 0.135 0.0112 -91.70 2.16 (12/23/17) +1600
    39 KMD 1.26 0.63 -50.00 15.41 (12/21/17) +1223.02
    40 BAT* 0.1264 0.51 +403.48 1.65 (04/09/21) +1305.38
    41 PIVX 2.27 0.50 -78.02 14.25 (01/11/18) +627.75
    42 DGD 57.41 390.26 +679.78 843.73 (05/12/21) +1469.66
    43 OMG 1.16 3.48 +300.00 28.35 (01/08/18) +2443.97
    44 MCAP 2.46 0 (04/15/19) -100.00 7.62 (06/05/17) -67.71
    45 PPT 2.62 1.59 -39.31 76.49 (01/28/18) +2919.46
    46 BDL 0.3084 0 (10/04/19) -100.00 0.629 (09/19/17) +203.96
    47 PAY 0.8748 0.047 -94.63 86.26 (07/06/17) -98.98
    48 BNT 2.19 2.83 +29.22 23.73 (06/20/17) -90.77
    49 SNGLS 0.147 0.007 -95.24 0.4756 (01/04/18) +323.54
    50 MTL 4.11 1.51 -63.26 14.82 (09/07/17) +360.58

    Here are the totals for this group of 25:

    Total Profit $/Coin # Profitable Coins Zero 2x+ 4x+ Current Top 100 Biggest Increase
    $12454.97 $498.17 10 2 5 4 5 DOGE (obviously)

    One of the most eye-opening stats here is that there were only 2 Zero Coins in the entire group. That equals the number of Zero Coins from the 11-25 group, with 10 extra coins in this grouping. If you were to pick a coin at random from this group on this date in 2017, you would have a 92% chance of choosing a coin that still exists today. That's pretty impressive.

    Two obvious PNDs exist in this group (PAY and BNT), who both had their ATH prior to the date and both were over 90% off their ATH, reached within 4 weeks of the listing. BNT dropped from its ATH of 23.73 down to 2.15 in a matter of 6 days, while PAY dropped from 86.26 to 1.05 in 24 HOURS. That crash is almost as impressive as TITAN's.

    DOGE obviously carried this group with its 9540% increase. Hypothetically, if you were to invest $100 in each of the 100 coins in this list and all of them crashed to 0 except DOGE, which maintained its trajectory, you would have only lost $460 total out of your $10,000. If you were to cash out DOGE at its ATH, that $100 investment alone would have netted you $36,880.

    Also, I was confused by DGD because it increased by 6.8x but is still only 481st in market cap today. DigixDAO is a unique crypto that is directly tied to gold whereby 1 DGD=1 gram of gold. Supposedly. I'd be interested to hear more about it in the comments if any of you have any working knowledge on how it works, since the price swings look similar to most other crypto.

    The next group is the remaining 50 coins. The real gambles. 38 of the remaining 50 at the time had a market cap of <$50M, with one of them being in the Top 50 for only one day, which happened to be the day of the snapshot. Here are the next 50:

    2016 Rank Coin 07/2017 Price Current Price % Change ATH (Date) % Change
    51 1ST (DAWN) 0.9517 2.67 +280.55 10.50 (04/27/21) +1103.29
    52 ANT 2.22 3.24 +45.95 14.79 (04/04/21) +666.22
    53 BTCD 56.45 0 (10/04/18) -100.00 378.30 (01/05/18) +670.15
    54 MGO 0.9803 0.018 -98.16 4.41 (06/11/17 - ICO date) -77.78
    55 SYS 0.1369 0.1151 -15.92 0.9815 (01/14/18) +715.95
    56 LKK 0.254 0.0079 -96.89 0.4208 (06/17/17) -39.64
    57 CVC 0.1809 0.2041 +12.82 1.66 (12/25/17) +917.63
    58 ARK 0.6326 0.8839 +39.72 10.91 (01/09/18) +1724.63
    59 DCT 1.10 0.0055 -99.50 19.19 (06/14/17) -94.27
    60 UBQ 1.42 0.1875 -86.79 7.21 (01/03/18) +507.75
    61 PART 6.81 1.35 -80.18 52.40 (01/14/18) +769.46
    62 COE 1151.71 0 (09/28/17) -100.00 1406.50 (07/23/17 - same day) ---
    63 FUN 0.0125 0.0145 +16.00 0.1964 (01/08/18) +1571.20
    64 PPC 1.97 0.7791 -60.45 9.92 (01/13/18) +503.55
    65 LEO 0.521 2.75 +527.83 3.92 (05/11/21) +752.40
    66 XVG 0.0033 0.0178 +539.39 0.30 (12/23/17) +9090.91
    67 EMC 1.08 0.0421 -96.10 10.53 (01/14/18) +975.00
    68 EDG 0.5294 0.0032 -99.39 2.98 (01/02/18) +562.91
    69 NMR 35.31 30.91 -12.46 96.14 (04/17/21) +272.27
    70 NXS 0.8407 0.412 -50.99 15.86 (01/06/18) +1886.52
    71 XAS 0.5702 0.0079 -98.61 1.89 (12/21/17) +331.46
    72 ROUND 0.0478 0 (03/15/21) -100.00 0.25 (05/15/17) -80.88
    73 RDD 0.0014 0.0016 +14.29 0.0324 (01/07/18) +2314.29
    74 WINGS 0.4343 0.0352 -91.90 2.58 (01/07/18) +594.06
    75 LBC 0.5388 0.0245 -95.45 2.50 (07/12/16) -78.45
    76 BLOCK 8.96 0.9638 -89.24 57.24 (01/06/18) +638.84
    77 RLC 0.4346 2.32 +533.82 16.26 (05/09/21) +3741.37
    78 PPY 9.08 0 (06/13/21) -100.00 21.64 (01/05/18) +238.33
    79 STORJ 0.4769 0.7604 +59.45 3.91 (03/28/21) +819.88
    80 DICE 4.58 0.9771 -78.67 10.23 (08/12/17) +223.36
    81 NMC 2.14 1.14 -46.73 14.02 (11/29/13) -84.74
    82 MLN 51.80 69.95 +35.04 270.05 (01/04/18) +521.33
    83 MONA 0.5852 1.23 +210.18 20.23 (12/06/17) +3456.94
    84 XCP 11.76 3.74 -68.20 103.20 (01/11/18) +877.55
    85 HMQ 0.1825 0.0077 -95.78 1.06 (12/15/17) +580.82
    86 FAIR 0.5567 0.0329 -94.09 1.57 (01/15/18) +282.02
    87 XAUR 0.2317 0.0174 -92.49 1534.46 (08/16/16) -99.98
    88 QRL 0.5656 0.1854 -67.22 4.17 (01/16/18) +737.27
    89 NLG 0.082 0.0158 -80.73 0.4991 (01/12/18) +608.66
    90 VSL 0.846 0.01 -98.82 1.27 (08/12/17) +50.12
    91 BAY 0.0277 0 (07/31/20) -100.00 0.40 (06/11/20) +1444.04
    92 SIB 1.81 0.0233 -98.71 6.08 (12/17/17) +335.91
    93 VIA 1.16 0.3896 -66.41 7.84 (01/09/18) +675.86
    94 AMP (Synero) 0.311 0.504 +62.06 0.99 (01/10/18) +318.33
    95 CLOAK 4.89 0.2477 -94.93 35.99 (12/29/17) +736.00
    96 OMNI 42.99 4.20 -90.23 1156.14 (11/30/13) -96.28
    97 POT 0.1065 0.0128 -87.98 0.4616 (12/3/17) +433.43
    98 SKY 3.95 0.8341 -78.88 53.83 (12/30/17) +1362.78
    99 BLK 0.301 0.0425 -85.88 1.31 (01/07/18) +435.21
    100 SOAR 0.0344 0 (09/16/19) -100.00 0.0616 (06/28/17) -44.16

    Here are the totals for the bottom 50:

    Total Profit $/Coin # Profitable Coins Zero 2x+ 4x+ Current Top 100 Biggest Increase
    $3779.42 $75.59 13 6, with 5 others >98% loss 5 3 0 XVG

    I found it a bit odd that none of the Top 100 from 4 years ago are currently in the Top 100 now (even though a few are close). There also wasn't nearly as much capitulation as I thought there would be. There are 5 Zero Coins in this group, which is more than the other groups combined (comparing Top 50 to Bottom 50, it was actually close, though). There are a lot of coins with 75% losses, and many that are on the verge of dying completely.

    The most fascinating coin to me in this group, and maybe out of the entire research, is COE. It just so happened that this coin debuted on 07/23/17 and was actually off its ATH (or hadn't reached it yet) at the time the Wayback Machine performed its timestamp. That coin hit 1400 during the same day, a few days later was trading under 50 and within 3 months was completely dead. There were other obvious PND's to stay away from in this group. DCT dropped from 19.19 to 3.02 over 4 days just a month prior. MCO had its ICO date 6 weeks prior and was already 77.78% in the red.

    OMNI, while not an obvious PND, was way off it's ATH, which was in late 2013 at 1150. By July 2017, it was trading at 42.99. Now, it's at $4.20. That reminds me of a current coin that is in the Top 25 right now that had a much higher valuation than it currently does cough cough ICP cough. It'll be interesting to see where that coin stands in 4 years, if it does at all.

    Over 60% of coins in this list had their ATH occur between December 2017 and January 2018. EOS is an anomaly in the fact that it is the only coin to have its ATH in 2018 but not in January. There are 18 coins who had their ATH in 2021 and, assuming the crypto market recovers to reach new ATH's, they are poised to potentially also have new ATH's in the future. The 18 coins are:

    BTC, ETH, LTC, ETC, XMR, WAVES, DOGE, MAID, DGB, DCR, BAT, DGD, DAWN, ANT, LEO, NMR, RLC and STORJ.

    Finally, out of the 100 coins:

    35% turned a profit over 4 years.

    12% lost between 75-90% in value. 23% lost between 90-99.98% in value. 10% became casualties and are Zero Coins.

    If you threw a dart at the board, you'd have roughly a 1 in 3 shot of making a profit and a 1 in 5 shot of doubling your money.

    The chances were greater if you saw obvious PND's and either avoided them or invested but got out in time. The easiest one to predict was BCC. Personally, I was invested in BCC and got out within 15 minutes of seeing their promo video in Singapore, headlined by Carlos Matos. That shit was laughable and it was time to nope the fuck out of there.

    I hope you enjoyed seeing some of these numbers. Personally, it was fun to look into some coins that I haven't thought about in years and to research some that I'd never heard of before. It will be interesting to visit today's Top 100 in 4 years to see which ones have survived and which ones will either be struggling or will be non-existent. Questions and comments are welcome. It's late here (2:30 am), but if I don't get to your question tonight, I'll be sure to look into it tomorrow!

    Edit: I forgot to post the total. $100/coin invested makes the total investment $10,000. The total today would be $21,552.10. About 45% of that is DOGE.

    submitted by /u/MightyCaseyStruckOut
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    This is my stop. For now.

    Posted: 23 Jul 2021 10:51 PM PDT

    This is where I get off, sort of, for a while.

    I've been in crypto since the tail end of the last bull run. It's been about 3 and a half years all told. In that time I've seen some crazy prices, crazy drops and crazy runs. I've seen my net worth spike and drop and spike again.

    Today, or rather, over the next few days I'm liquidating the first meaningful chunk (~45%) of my crypto holdings to put a deposit on a house. This isn't my moon, but it's been my financial goal for a long time.

    The only thing I'm still holding is a stack of Eth and a little pile of Ada, but you can bet I'll be building my position back over the coming months/years.

    Thanks to all of you guys who've offered advice, combed the web for news and generally supported each other. This is a solid community.

    You can bet now the time has come for me to sell we'll see a new ATH within a month! So you're all welcome for that!

    submitted by /u/TempMobileD
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    Someone should make a shit coin called FIAT

    Posted: 23 Jul 2021 06:19 PM PDT

    Just copy all the tokenomics of the USD

    1.2 Trillion Coins Add 2-5% more coins per year for random reasons Allow staking at 0.5% APY

    What else?

    It'd be funny and serve as a direct analog to the usd. Theoretically no one will buy it because they know how shitty it is.

    On second thought, if we start at 1c, we'd need 1.2 Quadrillion coins.

    If I was smart enough I'd make it myself

    Edit: im kinda worried gangsters will use it for criminal purposes tho

    submitted by /u/mythstified
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    An explanation of Market Cap and why coins like SHIB and other low price high volume coins will never reach $1

    Posted: 23 Jul 2021 07:27 PM PDT

    There are so many SHIB and other low price coins investors that deliberately put a lot of money into low price coins thinking that if they one day go up to $1, they will be a millionaire. What these people fail to grasp though is the concept of Market Cap. In crypto, Market Cap is calculated by multiplying the total number of coins in circulation by the price of a single coin at any given time.

    Thus, in SHIB's case, there are currently 394.80 trillion coins in circulation, multiplied by the current price of $0.00000644 give it a $2.54 billion market cap.

    (394.80T coins) x ($0.00000644/coin) = $2.54 Bn Market Cap

    Because of this, if SHIB were to reach $0.01, it would need a market cap of about $3.9 trillion. To put that into perspective, BTC has a market cap of only $631 billion, and is the coin with the highest market cap on the market. That's more than 6x Bitcoin's current market cap! In fact Apple, the company with the biggest market cap in the stock market, only has a market cap of $2.1 trillion dollars, so for SHIB to reach $0.01 would make SHIB worth more than Apple. And that's just if it were to reach $0.01, not to mention $1!

    Finally, the more coins a crypto has in circulation, the less valuable they become, meaning that as SHIB adds more coins, the less valuable the rest become. This is due to inflation, which is why the USD is becoming less valuable, meaning minting more coins won't just drive the price up.

    Now I'm not trying to pick on SHIB investors. This goes for all coins, not just SHIB. You need to look at the price, as well as the amount of coins in circulation. Just because the price is low doesn't mean it will someday reach $0.01 or $1. However, that doesn't mean you can't make money with them, you just have to be realistic about your expectations.

    Sorry for the long explanation, but I thought some people could benefit from such an explanation.

    submitted by /u/Hsiang7
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    US Dollars are created by a debt-based pyramid scheme, fronted by an investment-based Ponzi scheme. Learning this is what got me started saving in Bitcoin and Cryptocurrencies years ago without ever looking back

    Posted: 23 Jul 2021 09:40 AM PDT

    I’m super proud of myself.

    Posted: 23 Jul 2021 07:48 PM PDT

    I'm 17 and was looking on INVSTR because my friends and I all played fantasy finance. Over the latest bear run I've actually started thinking about how much I could gain.

    Tried all different sorts of apps, realized you had to be 18, did some research on how to avoid the age limit with all of these apps, and while I'm doing this my dad comes up behind me and asks "what have you been doing on your phone" since we were hanging out watching golf.

    I told him I wanted to start investing in crypto and he said "delete all those bullshit apps, I'll set up a Coinbase account for you and we can do this the right way."

    We now have a deal where I'm going to have a joint account with him and he will have his own account that we will start investing money into.

    TLDR: I got myself and my dad into crypto. Pretty proud of myself

    submitted by /u/MadMax1754
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    Reddit Moons One Step Closer To Debuting On Ethereum Mainnet As Devs Launch New Scaling Network

    Posted: 23 Jul 2021 04:18 PM PDT

    It's almost as if no one has a clue! Predicting is a joke in crypto market

    Posted: 23 Jul 2021 11:52 PM PDT

    One day they'll be like "Oh Bitcoin definitely will go down as low as $7k" and tomorrow, now that it's shown a difference in movement "We bet our money on $100k, why you should, too!". One billionaire invests in crypto and another pulls the rug. A company keeps praising crypto but not even entering the market, another says nothing and accumulates behind the shadows.

    It's almost as if no one knows where it will go! Of course that's not the case though. Crystal balls do exist, afterall! /s

    submitted by /u/shardplugged
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    Can we please stop acting like USD is a random shitcoin and crypto is meant to make you rich?

    Posted: 24 Jul 2021 01:47 AM PDT

    I trust that most people understand what fiat currency is and isn't, but the narrative is increasingly "USD causes inflation and its value go down and government bad so buy crypto so you make big money"

    The hope of crypto- why it's so promising- is to create independent currency that isn't subject to government manipulation or control, gives autonomy to individuals, powers defi, and is universally usable. This solves a lot of problems that exist today but it doesn't reinvent the economy.

    USD or any other fiat is not losing value because it's a "shitcoin". It's losing value due to a wide variety of inflation causing circumstances (including governments fucking up, yes, but not exclusively). Crypto in and of itself is not a solution to that. It also isn't meant to continually rocket in value forever.

    We're seeing periods of extreme growth now as more people buy in and get excited. In a fully realized ecosystem, you do not want this volatility.

    I think of crypto as a logical step in the global economy. It isn't a magic fix for a shitty present.

    submitted by /u/provtuber
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    Exactly 3 years ago I invested in 5 low caps. Here's how well/bad I did.

    Posted: 23 Jul 2021 04:27 AM PDT

    3 years ago, I invested in 5 coins with very low market cap at the time. I still have them all, and I have not sold or bought more into any of them.

    This was not my main portfolio, basically just a few lottery tickets costing a few hundred dollars each.

    In the end, only LINK panned out and I obviously wish I put in more than $200 into that one.

    Results so far:

    July 22 2018 Investment July 23 2021 Profit/loss
    CTXC (Cortext) $0.53926 $500 $0.1268 -382 USD
    LINK (Chainlink) $0.2014 $200 $16 15688 USD
    SMT (SmartMesh) $0.03415 $500 $0.002944 -456 USD
    KMD (Komodo) $1.55 $1000 $0.6436 -584 USD
    LRC (Loopring) $0.2673 $200 $0.2091 -43 USD
    Total profit 14223 USD

    ​

    submitted by /u/Onnar
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    Brave browser update - up to 10 ads/hr

    Posted: 23 Jul 2021 11:09 PM PDT

    Brave browser users, you can now update your desktop browser to enable the option to receive more ads per hour.

    Simply need to go to brave://help and update the browser.

    I've just updated my browser so I'm not sure if the number of ads is going to increase substantially, but definitely worth a shot imo.

    Edit: the update does not seem to be available for the phone browser yet.

    submitted by /u/Necromancer1899
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    I am not quitting my job anymore

    Posted: 24 Jul 2021 12:02 AM PDT

    Premature Celebration at best :(

    I even told some of my close colleagues that I was gonna do it in few weeks but then suddenly markets came crashing down and some on my alts absolutely went to shit (-70% or so).

    Now, I am a butt of jokes for these same 'close' colleagues.

    I absolutely do not wanna work here for the next 3 years till next halvening and wish I just took out majority of profit at the top in May but oh well.

    My only advice (though I am not in a position to give advice) is to not tell anyone about your crypto holdings or your future plans. I learnt it the hard way and feeling kinda frustrated now. Guess life goes on!

    Lesson learned. Rant over.

    submitted by /u/ride_me_like_u_care
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    Amazon preparing to accept crypto as payment (via Insider)

    Posted: 23 Jul 2021 11:13 AM PDT

    "The Payments Acceptance & Experience team is seeking an experienced product leader to develop Amazon's Digital Currency and Blockchain strategy and product roadmap"

    In an email to Insider, an Amazon spokesperson confirmed the job posting and the company's ambition to eventually accept cryptocurrency from its customers.

    submitted by /u/erdal_mutlu
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    Q: How much more do you look at your phone since investing in crypto? ����

    Posted: 24 Jul 2021 02:20 AM PDT

    Lots of people i know who are into crypto check their portfolio and prices a lot. When i say a lot, i mean an unhealthy amount.

    Personally I check my portfolio every time i check the time (CoinStats on my home screen - bloody convenient). Also, on-toilet checks have become a thing.

    So let's hear it, be honest. Any serious addicts out there? Any ruined relationships?

    submitted by /u/Mighty_Zen
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    "The simple truth is that the Bank of England and the Federal Reserve want it to be physically impossible for parents to do the right thing and put cash aside for their kids."

    Posted: 24 Jul 2021 02:42 AM PDT

    If Amazon accepts Bitcoin..

    Posted: 23 Jul 2021 11:21 AM PDT

    I think people are underestimating the potential impact Amazon will have on the market if they announce they are officially accepting Bitcoin. Amazon is pretty much has their fingers in every sector, and the amount of publicity it would bring is huge. Think of how many people have notifications alone with Amazon, and then all of a sudden they get a notification stating the features and awesome use BTC and how to set it up and pay with it. Or, if Amazon had their own cold and hot wallets to store it on.

    There's so many possibilities that could happen with Amazon using it, without a doubt another Bullrun could take place.

    Edit: Here is the link I'm referring to for those that don't know! There's also other ones that you can Google.

    Source for Amazon BTC Opening

    submitted by /u/FutureIsCrypto
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    I invested $2,500 in Sept 2017, here are the results.

    Posted: 24 Jul 2021 03:30 AM PDT

    I didn't know too much about crypto at the time of buying them. I didn't do any trading or anything, just bought, and let it sit in my wallet. I just figured if I bought anything, the prices would eventually go up.

    I had this money sitting in my bank account for years and it was doing nothing for me. Just the peace of mind that it was there and I could use it whenever I wanted. Years and years went by and never touched it, so I decided to try and be an adult and invest it in something. Here's how it went.

    Coin Price Per Coin Investment Value Today Profit Value if sold at ATH
    ETH $244.81 $500 $4,367.31 $3,867.31 $8,898.72
    IOTA $.59 $500 $576.12 $76.12 >! $4,449.15 !<
    XMR $12.85 $500 $7,695.71 $7,195.71 >! $21,102.34 !<
    OMG $10.67 $500 $175.35 - $324.65 >! $1,200.56 !<
    ARK $2.93 $500 $155.29 - $344.71 >! $1,744.03 !<
    TOTAL $2,500 $10,469 >! $37,394.80 !<

    As you can see, my investments overall did pretty well. If I had just let this sit in my bank account, it would be worth like a few dollars more than what I started with.

    I bought OMG and ARK because they were being super-shilled in this sub and at the time I didn't know any better. I thought this sub was the end-all-be-all of crypto (lmao).

    IOTA was being shilled too, but the transactions are instant and free so I figured that would blow up... it kinda did when it went to $5, but not much after that. Not sure why it didn't blow up.

    I bought XMR just because it does what BTC says it does and the community has interesting people/discussions as well. Most of it is over my head though.

    Keep in mind, I held through two bull cycles, lost 70% on two investments, and I'm still up about 400% overall. There's no need to be stressed out guy, just hold for the long-term and you'll be aight.

    submitted by /u/SlappySpankBank
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    Everyone in this sub right now…

    Posted: 23 Jul 2021 11:24 PM PDT

    Q: Are you buying the dip?

    Reddit: No, we're in a bear market, but might still be in a bull market.

    Q: Where do you see the price going?

    Reddit: BTC should hit 100k by the end of the year in this bull run.

    Q: So, you're buying the dip now?

    Reddit: No, I spent everything on the ATH and now I'm just HODLing. 💎 💎 💎 🙌

    submitted by /u/MattFirenzeOfficial
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    I finally feel more comfortable with my crypto investments.

    Posted: 24 Jul 2021 12:46 AM PDT

    Yesterday evening, I loaded up some more Ethereum. This morning, i realized it did not even come to my mind to check if the price has even rosen or dropped. A year ago, I would have been checking every 2 min to be feel myself better that I made the right investment. Now, I know what matters is not the price in 2 min (I don't care lol) but in 3 or 5 or 10 years. Now there is nothing to check, just time to relax.

    My motto: I am sowing seeds, let's see which one will grow, but you need to give it time.

    I finally don't have to stress out with crypto. That is how it should be. I know I will invest in the crypto I believe in when everyone has doubts and I will not invest more than I can afford. That's it. Time to get a drink and enjoy life.

    This is a message for all the ones who checks or buy/sell every 2 min like I used to do. You better invest this time somewhere else. With your beloved ones or also by learning more about crypto.

    Your crypto old brother.

    submitted by /u/antonito901
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    Bitcoin makes me feel like a citizen of the Earth. Not of a country divided by imaginary political boundaries!

    Posted: 23 Jul 2021 07:18 PM PDT

    Recently, Twitter CEO Jack Dorsey was asked what he believed Bitcoin and cryptocurrency in general could do for the world? He answered "World Peace"

    This got me thinking a lot. For the first time in Human history, for the first time in 5000 years, we've figured out how to create digital scarcity on an open network. That's a once in a humankind invention. It's like a fusion of democracy and the internet. Unstoppable, resilient and neutral.

    It's like a universal language. One user can undeniably trust the other to fulfill the transfer of value. There isn't another more honest form of communication I've witnessed in my life.

    Maybe I'm getting a bit high here. But it honestly makes me feel like I'm a part of something bigger than myself. It gives me hope for a bright future.

    submitted by /u/ultron290196
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    Bitcoin slips right back into the Top 10 assets by market cap

    Posted: 23 Jul 2021 06:10 PM PDT

    Take it from someone who works in software, Amazon posting that job means nothing.

    Posted: 23 Jul 2021 07:51 PM PDT

    There are practically 10 posts about how Amazon is going to start accepting Crypto all based on posting a job for a crypto expert for their payments team.

    This could mean nothing more than they want someone to evaluate the market and feasibility. I've been working in the software industry for a long time and have worked on projects for months that were never released. I have also worked on projects that took years to implement.

    Amazon is a big enough company they can hire great people and have the resources to move quickly, but don't read too much into this yet.

    submitted by /u/Routine_Elk_7421
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    Ex-fund manager pegs Bitcoin at $2 million by 2031. But that's a $45 trillion market cap

    Posted: 23 Jul 2021 04:39 PM PDT
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