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    Cryptocurrency Daily Discussion - July 6, 2021 (GMT+0)

    July 06, 2021

    Cryptocurrency Daily Discussion - July 6, 2021 (GMT+0)

    Daily Discussion - July 6, 2021 (GMT+0)

    Posted: 05 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 The prior exemption for karma and age requirements is no longer in effect.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:

    submitted by /u/AutoModerator
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    Exposed: Congressman Trying to ‘Shut Down’ Crypto Gets Biggest Donations From Big Banks

    Posted: 05 Jul 2021 02:50 PM PDT

    Bought Top 20 Coins $100 Each (Will Update in an Year)

    Posted: 05 Jul 2021 08:53 PM PDT

    Quick Update: Made a subreddit r/2KCryptoPortfolio/ for daily updates.

    Hey,

    I just bought Top 20 coins each $100, $2000 in total.

    Coins I bought:

    • Bitcoin
    • Ethereum
    • Binance Coin
    • ADA
    • XRP
    • Doge
    • Polkadot
    • Uniswap
    • Bitcoin Cash
    • Litecoin
    • Solana
    • Chainlink
    • Matic
    • ICP
    • Ethereum Classic
    • Theta
    • Stellar
    • VeChain
    • Filecoin
    • TRON

    Proofs:

    Portfolio on 6th July, 2021 : https://i.imgur.com/3hFwsQL.png

    submitted by /u/ImThour
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    Be aware of burned supply coins

    Posted: 06 Jul 2021 12:40 AM PDT

    I've seen there is a bit of confusion on understanding why coins that are just deployed burn 50% or 99% of their supply. Some people say to increase scarcity. Sadly not, if they wanted a scarce coin they would have deployed it already with a low supply, so the answer is another: To hide their whales.

    If i deploy a coin on BSC with 100m supply and burn 50% of it as soon as it's deployed, and own 10m of it myself, my wallet will be listed as having 10% of the supply while i have actually 20% of it, since BSCscan keeps in account also the burn address in the whole supply pool.

    If i deploy a 100m supply coin and hold 100k of it while burning 99% of the supply then my 100k will be listed as "only" 0.1% of the supply while i actually hold 10% of the circulating supply (the remaining 1 mil). And so on.

    So beware of coins that burn their supply as soon as they are deployed.

    submitted by /u/Cookiesnap
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    Law Enforcement is ok with Banks lying to you about crypto, but if you lie to them, they might arrest you for it.

    Posted: 05 Jul 2021 10:11 PM PDT

    How dare you lie to them!

    Many major banks banned Crypto transactions.

    "We just want to protect you"

    For decades, banks never once gave a shit if you sold off your families home to fomo into March Madness.

    They never had a problem with you swiping your card for $100K in chips at a casino, lose, then jump off a the casino roof.... On Christmas.

    They never protected you because it's your choice what to do with you money. That's what it comes down to.

    They are lying to everyone when they say, "they are blocking crypto because they are protecting you"

    That s a load of garbage. They are protecting themselves. They hate independence, because they want control.

    submitted by /u/Some1fromReddit
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    No one seems to actually know what a smart contract is, yet are trying to explain them. Here's the actual explanation of what they are.

    Posted: 05 Jul 2021 06:20 AM PDT

    Smart contracts do not ensure payments went through, and they do not create decentralized casinos or banks. In fact, they offer no guarantees about decentralization whatsoever.

    They CAN be used for these things, but what they really are is much simpler.

    Smart contracts are immutable scripts that exist on the blockchain. They maintain a state (i.e. they store data) and they have functions that can be called. That's it.

    The only way to interact with a smart contract is to call one of its functions. There are read-only functions that can be called on any Ethereum node to read some data out of the contract, and then there are functions you can call that modify data in some way, but those require sending a transaction and paying gas.

    You can use this functionality to do many things, but it is important to note that they do NOT ensure anything. You can write backdoors into smart contracts. Smart contracts can have admins that have the ability to yoink all the funds out of it. There are categories of bugs that allow a malicious smart contract to attack other smart contracts if they can get that contract to call one of their functions.

    Like all code, smart contracts can be written poorly or well. The guarantees come from the implementation, not the nature of smart contracts themselves. The same is true for banking software or other non-blockchain apps.

    The key difference is that the code for smart contracts is (mostly) immutable. Once they are deployed, the code cannot be changed. However, there are some exceptions to note:

    • Smart contracts can be written so that they are destroyed by calling a destructor function. After that, the contract becomes invalid and can't be interacted with
    • A smart contract can be modular and call other smart contracts. You can "upgrade" one smart contract by deploying a new modular component and pointing the old contract to the new one with updated functionality.

    Don't get caught up thinking that smart contracts are some amazing thing that solves all of our problems when it comes to creating safe, verified transactions. They are just code, that's it. People can still write shitty code.

    EDIT: As others have pointed out, I'm speaking specifically about Ethereum smart contracts. Other blockchains could have smart contracts with different properties, but I imagine they would be mostly similar.

    submitted by /u/neomatrix248
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    I have just declared Bitcoin an official currency.

    Posted: 05 Jul 2021 01:05 PM PDT

    After years of dubious speculative curious consideration I today am officially declaring Bitcoin an official currency.

    I have no intention to de-dollarize since the move would not bring any benefit.

    Bitcoin will be legal tender for all debts, including tax. Merchants must accept bitcoin for goods and services, unless they are technologically unable to. (So please upgrade your shit asap)

    I won't be taking any questions at this time.

    submitted by /u/Chicky_Nuggy
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    A couple of lessons I learned from my many fuck ups over my 5 years as a retail investor in Crypto

    Posted: 05 Jul 2021 08:13 PM PDT

    Going through this sideways movement it's probably a good time to take stock and make sure your ducks are in a row before any crazy swings in either direction, all of this advice is commonly available, but it's just really worth reiterating for newer investors, don't get owned the way I've been owned so many times.

    ​

    • Not your keys, not your coins.

    You hear this one everywhere, but I cannot stress how true it is. In 2019 I lost a personally significant amount of crypto in the largest oceanic crypto exchange Cryptopia, which was an established and respected exchange that was viewed as low risk. Despite owning a hardware wallet and having the capability to transfer my funds off, and despite not being a super active trader, I left them.

    While I may one day get some of those coins back, I lost my entire Ethereum holdings from that exchange, in an effort to save like $20 worth of fees.

    ​

    • Even if they are your keys, you better have your fucking seed

    I think you will struggle to find a retail investor who came in before the 2017 run who hasn't at one point or another lost a seed code or mnemonic. If you're moving funds to your own wallet, please for the love of god make sure that seed code is written down in at least two places securely, ideally with some form of obfuscation that you practice consistently across all your codes, so that somebody who finds the paper can't steal your funds. This might mean swapping the position of a few words consistently across everything, but there should be some rule in place which adds an extra layer of security. Remember also, if you only have these codes in one place, then should anything ever go wrong you may lose everything.

    This goes for 2FA codes too, sure you can probably go through an arduous process to get into an account where you've lost 2FA, but not necessarily, and it's completely avoidable if you just back up your seeds. At some point you will lose or break your phone.

    ​

    • Use 2FA everywhere possible.

    Another life changingly dumb fuckup of mine. In 2016 I had a decent chunk of bitcoin on an Australian exchange. I had 2FA enabled for login, but I did not have 2FA enabled for transfers off of the exchange.

    I had been mining crypto casually and had used a github mining application to do so. You can probably see where this is going, I got R.A.T'd, almost all my funds remained safe on the other exchanges, but I lost everything from that exchange since the hacker didn't require my 2FA to drain the account.

    If you can double 2FA then do it. Also, don't trust SMS codes, bad actors have ways of spoofing your number, and don't trust your email since if somebody gets access to your computer it's likely they can access your 2FA that way.

    It's also worth investing in good protection, something which can also scan for rootkits, I use Malwarebytes, but there's a lot of options.

    ​

    • Always double-check your transfer addresses and send a test transaction.

    I haven't been burned this way, but I've been close.

    ​

    • You don't lose or make a dollar until you sell

    I can't even imagine how many times during my journey through the first bull run and following alt coin seasons that I either didn't take profits, or sold during heavy crashes. There is nothing wrong with making inefficient trades, but there's a lot wrong with selling a long term project at the bottom, or greeding into losing what are already huge margins on some alt you aren't particularly attached to.

    It can be nice, or depressing, looking at the imaginary FIAT number next to your cryptos, but it's not real. It doesn't matter how high or how small that number is, one coin is one coin. Before deciding to sell or buy, take stock of your personal opinion on the project you're selling or buying.

    ​

    • You don't need to close out your entire position when selling.

    Not my fuckup, but my younger brothers. He and his friend sold what later became around a million dollars worth of doge, for a few hundred dollars. At the time if he had left just 10% of his doge there, he'd now have a house deposit.

    There's nothing wrong with setting some insane multiple sell orders, after all it seemed ridiculous when BTC was at $1 to leave a dozen BTC in your wallet as a maybe one day, but even if you later sold these for $100, you'd have drastically multiplied your exit, and if you'd left a few more BTC when you exited at $100...

    As a mental exercise, it may be worth asking yourself 'what would happen to a sliver of this position if it ever reached the Ethereum market cap' - if the answer to that is a new lambo, just leave your tiny pie in the pool.

    submitted by /u/chance_waters
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    Barclays UK claims to keep people "safe", they will stop payments to Binance. Why should Barclays decide how one can or cannot not spend their own funds? This bank was even caught criminally manipulating interest rates (LIBOR scandal)

    Posted: 05 Jul 2021 06:54 AM PDT

    Barclays UK claims to keep people "safe", they will stop payments to Binance. Why should Barclays decide how one can or cannot not spend their own funds? This bank was even caught criminally manipulating interest rates (LIBOR scandal)

    Barclays UK is sending out messages to people who have used their account to transfer funds to Binance stating they will suspend the transactions.

    Text message from Barclays

    "Help keep your money safe" lol.

    This same bank Barclays had manipulated LIBOR rates and caused damages to the tune of billions and paid a fine of $450m for their illegal actions and violating the trust of market participants.

    In June of 2012, Barclays plc admitted that it had manipulated LIBOR—a benchmark interest rate that was fundamental to the operation of international financial markets and that was the basis for trillions of dollars of financial transactions. Between 2005 and 2009 Barclays, one of the world's largest and most important banks, manipulated LIBOR to gain profits and/or limit losses from derivative trades. In addition, between 2007 and 2009 the firm had made dishonestly low LIBOR submission rates to dampen market speculation and negative media comments about the firm's viability during the financial crisis. In settling with U.K. and U.S. regulators the firm agreed to pay $450 million in fines. Within a few days of the settlement, Barclays' CEO, Robert Diamond, had resigned under pressure from British regulators.

    Source: https://www.hbs.edu/faculty/Pages/item.aspx?num=43888

    Now the same bank wants to preach where one can and cannot spend their own funds.

    Authoritarian banks which undertake illegal manipulative schemes behind the curtains but without any shame pretend they are the gatekeeper of everyone's finances like this are the very reason crypto came into being and has grown over the past decade.

    submitted by /u/Set1Less
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    A weighted DCA strategy

    Posted: 05 Jul 2021 02:03 PM PDT

    A weighted DCA strategy

    This sub loves DCA and we also love buying dips. So I thought I'd share the algorithm that I use for my weighted DCA strategy. DCA allows us to buy more units at lower prices due to even payments at each time period but what if we alter the payment size depending on the asset price? This will allow us to buy even more assets at lower prices, especially in a crabbing market with BTC pissing about between 30-40K for the past month or so. I'll apply this strategy to BTC but I personally use it with all of the assets that I am accumulating. Let's get to it.

    Before we start, we need to decide on some parameters, namely:

    - the maximum price we want to pay for BTC, P_max;

    - the minimum price we assume BTC may reach during the period, P_min;

    - minimum payment each period, D_min;

    - maximum payment each period, D_max.

    Say I have $10000 that I want to invest over the next 6 months, but I'm willing to put it in within the next 3 months if prices are low enough. Then, if I'm making weekly purchases, my minimum and maximum payments would be 10000/26 = 384.61 and 10000/13=769.23, lets round to $385 and $770.

    A reasonable max price to pay for BTC would be $40000, and a floor guess of $20000.

    So we want a function that will increase as price decreases. We could pick a simple linear function, but we want to conserve funds if prices are close to our max buy price. We use a function of the form

    https://preview.redd.it/ctallz702g971.png?width=912&format=png&auto=webp&s=a30a6d06221d715489631d9078643a11acec5ac3

    So as the price decreases, we can increase our purchase amount exponentially. Now, we can define a parameter that allows us to control how aggressive we want to be. The more aggressive we are, the more we buy as the price decreases and wait if the price is higher. If the price decreased slightly from our maximum buy of $40000 to $39000, an aggressive buyer wouldn't increase the amount they are buying. If we wanted to be neutral an aggression parameter of 50% would mean that if the price was $30000, we'd buy about $577.5 on that given day (halfway between our minimum and maximum purchase amounts).

    So how can we use our aggression parameter? Well, we can define the point between $20000 and $40000 at which we would make a buy of $577.5 (the halfway spot of daily purchase). The more aggressive we are, the closer we'd like this spot to be to $20000.

    ​

    https://preview.redd.it/9v7cx76z3g971.png?width=2013&format=png&auto=webp&s=5d43688d35a758b9e03536f42a157d092e2a2818

    If we give ourselves an aggression value of 80%, this point will be 80% of the distance from P_max towards P_min. This is the point where we make a purchase of size midway between minimum and maximum daily buy.

    ​

    https://preview.redd.it/6x7phtjz4g971.png?width=1282&format=png&auto=webp&s=12a6c7d348b8c24f06f30c4b9e329172f1ad78a6

    Okay so with an aggression factor of 80%, we have three points that we can fit our quadratic curve to, finding our parameter vector β. We can see that it's much more aggressive than a linear line between $20,000 and $40,000. Here we have a price between $228 at P_max and $457 at P_min.

    ​

    https://preview.redd.it/fa7q6nxx5g971.png?width=1214&format=png&auto=webp&s=e6629d8e8dfa43f6c7c2cfecc06ea173d4870dd4

    This aggression parameter is a trade-off between taking advantage of larger price drops and making larger purchases altogether. We don't know whether the price will drop down to (or below) $20000, if it does, our average price will be dramatically reduced, but if it doesn't, we'll be holding a lot less BTC.

    So, how would this strategy have faired over the past two months? I'm bearish on BTC and even I think 80% aggression is a bit high. Running the model with 70% aggression parameter, aiming to inject $10000 over a maximum of 2 months and a minimum of 1 month gives us the parameters:

    ​

    https://preview.redd.it/hhdktrr58g971.png?width=873&format=png&auto=webp&s=6f85073095094c02965a50b314a5a96ca57554af

    with these parameters over the past two months. The buy amounts are:

    ​

    https://preview.redd.it/oew8m363eg971.png?width=1200&format=png&auto=webp&s=e76ea5cc03e2d60a4576831b69f743ec1067e37d

    We can see that the adapted strategy takes advantage of the lower prices. The average price of the standard DCA strategy is $38,550, whereas that of the weighted DCA is $38,400. Not a huge amount of difference. But we can see that the price doesn't go near the expected floor.

    What if the price of BTC continued in a downward trend?

    Creating a simple random walk, where BTC drops 1000 with probability 0.8 and increases 1000 with probability 0.2, we can create compare the two strategies:

    ​

    https://preview.redd.it/xrhfh106hg971.png?width=1414&format=png&auto=webp&s=a9ae9fc7298fc2ea48476b259236619c21f47c84

    This is where the weighted strategy comes into its element. Admittedly, with a set amount of capital, the weighted DCA will run out of money before the end of the time period. Despite this, the aggressive strategy still picked up more BTC and at a lower price (0.35 BTC at an average price of 28613 vs 0.3 BTC at a price of 33506).

    If a fast drop happened towards the beginning of the period followed by a recovery of the price, we should see the weighted-DCA take advantage of the temporary lower price:

    ​

    https://preview.redd.it/1k2rde90kg971.png?width=1422&format=png&auto=webp&s=a60c4a9bcc311965bd448c96973754efbac05e3b

    Again, the weighted DCA uses up its capital much quicker but accumulates at much better prices. The weighted DCA picks up 0.485 BTC at $20,387 whereas the standard DCA accumulates 0.39 at $25,640. The difference in performance here is stark here as this (manhandled) situation is one where the weighted-DCA will be most powerful.

    So, over a long period, what will do better? We'll see, I'm running this method now and will compare it to standard DCA once we achieve the next all-time high. But in this crabby market, it is doing slightly better than DCA.

    ​

    If you guys are interested, I'll create a google sheet where you can play around with your own values. Even if you don't want to follow it by the book, it could be good as a sanity check whenever you're making a large purchase.

    ​

    Edit: just whipped up a little sheet with the payment calculator. It's super bare and I'll all some tabs tomorrow with maybe a price simulator or something.

    https://docs.google.com/spreadsheets/d/10WeRuCixKe9P2igF55NMdhl8fuIhS18lAVh9mUeEdoU/edit?usp=sharing

    Edit2: hit me up with any suggestions for the algorithm. Someone mentioned putting it into a little app. I'll potentially put an online calculator onto my blog website (it's statistics techniques/strategies applied to crypto, if anyone is interested). Let me know if you'd want something like that and how you'd want it to function.

    Edit3: typo in paragraph 2. Had 6 months and 2 months but it should have been 6 months and 3 months.

    submitted by /u/TeddyousGreg
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    The UN weigh the pros and cons of cryptocurrency's impact on the climate crisis and choose to argue in favour of blockchain technology.

    Posted: 05 Jul 2021 11:32 PM PDT

    Remember when the crash in May would kill all the meme currencies according to this sub? Currently, 14 of the 19 trending coins on CoinMarketCap are meme coins, 6 are dog related

    Posted: 05 Jul 2021 11:48 PM PDT

    Blockchain could dismantle corruption in government services

    Posted: 05 Jul 2021 05:32 PM PDT

    This sub seems to have lost some of the annoying members :)

    Posted: 05 Jul 2021 09:05 PM PDT

    Glad to see that there are a lot less spam posts and unknowledgeable users in this sub compared to about a month ago at the peak.

    I believe when there are halts in the bull run, or there is less hype, that the short term crypto people will be lost and that the long term holders will remain.

    After taking a month away from this sub, it is like the community has lost all of those annoying ones (or most of them, at least). I'm all for it.

    submitted by /u/EthereumDream
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    Cardano Aims to Onboard 50 Banks and Ten Fortune 500 Companies Over the Next 5 Years

    Posted: 06 Jul 2021 01:30 AM PDT

    Bitcoin Whale Has Amassed 60,000 BTC in A Single Day, Setting A Record for 2021

    Posted: 05 Jul 2021 07:34 AM PDT

    Certain subreddits will not allow the same link to be posted more than once a week. Would this be something you would like to see implemented to this sub?

    Posted: 05 Jul 2021 08:18 PM PDT

    This could help stop the same news articles from being posted to the sub for days on end as well as encourage and give incentive to post more organic content.

    Sometimes i feel like this sub has a sinus infection.

    submitted by /u/WhiteGoldTeef
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    Milestone achieved! $1,000 passive income earned from daily interest payments!

    Posted: 06 Jul 2021 02:23 AM PDT

    I began staking (lending technically in my case) my crytos at the end of May after the big dip. I wanted a way to earn passive income on my BTC, ETH, BNB and some other large holdings I own. I'm not comfortable staking my ETH towards 2.0 at this time. I wanted an option that paid out daily and it was important I could remove my funds anytime. I found a solution I love.

    I'm thrilled that a few days ago I officially passed the $1000 interest mark! That's right, $1000 earned from doing absolutely nothing. $1000 that is compounding and earning interest now too!

    The funny thing, my friends all laughed at the APR rates (6.5-12%) when I told them about the solution I found. I believe one friend said "Those are weak returns man..." Well, those weak returns can pay a few mortgage payments if I decided to liquidate...

    There is something gloriously amazing about earning a passive income from your crypto. It's addicting.

    Make sure you have your crypto working for you! Don't be afraid of staking / lending. Start researching it and ask questions. So many amazing redditors are here to help.

    //EDIT - LFG!!!! Due to the market pump, my interest payments have reached ATH of $1197 which I just converted to USDC. Win win baby!

    submitted by /u/thefriendlycanadian
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    Here's a list of ways of making passive income from your cryptos ( that I'm aware of )

    Posted: 06 Jul 2021 02:13 AM PDT

    • Staking. Can be done at major exchanges ( Binance, Kraken etc ) but safer to do it on the token's native wallet or wallets that you have the private keys to. ( Algorand wallet for Algo, Yoroi/Daedalus/ Exodus wallet for ADA and many more )."Not your keys, not your wallets" - Aantonop

    ​

    • Lending. You let centralized financed apps ( Cefi ) such as Blockfi, Nexo, Celcius or AAVE ( which is Defi or decentralized finance ) hold your cryptos and they'll give you interests over time. Most profitable when lending in stablecoins where they can get up to 12% on Nexo ( 8% base + 2% by having 10% of ur total holdings in NEXO tokens + 2% for having NEXO tokens as the rewards )Note, you could also receive some free MATIC by lending on AAVE but their lending interests are fairly low compared to other lenders ( For USDC, you'll get 2.09% on AAVE but you could get up to 12% and 8.88% on Nexo and Celcius respectively )

    ​

    • Brave browser. You could argue that this is not passive income as you are actively searching up things on the internet but this is something we all do ( I assume, we all here are frequent internet users ) on a daily basis and we don't even actively think about it. Hell, we could make BATs when watching YouTube videos so it's definitely a win. Currently have a total of 3 BATs combined on my laptop and my PC. Highly recommended

    ​

    • Liquidity mining? I must admit, my knowledge in this area is certainly lacking and take my words with a grain of salt as I've lost value ( my 'share' price has dropped a dollar or two but I haven't sold ) but nevertheless, I get to collect a couple of cents worth of BNB/USDT/XRPS/LINKS every morning ( so could you ) after I wake up which rejuvenates my mind a little. Mind you, I use Binance for liquidity mining.

    ​

    In conclusion,

    If you have POS based cryptos ( ADA,ALGO, DOT, VET, ATOM, NEO, SOL ) = STAKE them

    If you have stablecoins ( USDT ( ew ), USDc, DAI, ) = HODL them in either a CeFi/ DeFI lending services

    ​

    All in all, I am still a crypto noob on my long and perilous journey to become a crypto chad so forgive me if I have made a mistake or two, If you have any other ways to make passive income via cryptos pls comment below as I too would like a piece of that tasty pie of knowledge.

    ​

    Toddle - loo ✌️,

    Double A

    ​

    edit: Usdc - spelling error

    And don't forget ur moons! ty u/Arsa3108 for reminding me!

    2nd edit: thank you u/anykeyh for explaining Liquidity in greater depth. Here's what he wrote in the comment section that I feel like should've been integrated into the post in the first place.

    /**

    LP is for long game.

    I won't recommend unless you have a long-term holding strategy, and only for pairs you know will succeed in the long run or you might get a lot of loss.

    ETH/BTC, DAI/BUSD are some of the safest pairs. STABLE/UNSTABLE are ok as long as the market goes sideway like the last 2 months.
    ETH/VET or ETH/THETA are great for sideway market, as chart of those alt-coins tends to be coupled but with different volatily (making it the perfect LP scenario).

    If you want to play it safe, PAXG + Nexo is great; the token PAXG is just an ounce of gold-backed by real gold, and Nexo offers 5% on it.
    Seems for me as safe as possible yet offer good ROI.

    **/

    submitted by /u/Appropriate-Ad-8167
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    Moons are up 20% in the last 24 hours.

    Posted: 05 Jul 2021 09:00 PM PDT

    Moons are up 20% in the last 24 hours. Currently sitting at $0.076 USD. Moons have actually been performing quite well in the dip and currently sitting around their price before we came down hard from the peak of this bull run. Can we continue to defy market trends?

    submitted by /u/whenijusthavetopost
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    I just sold $200 worth of Moons to pay my car insurance last week that would be $240 today. Thought I'd take one for the team.

    Posted: 06 Jul 2021 12:16 AM PDT

    You heard it here folks, dumping my 4000 moons seemed to trigger a bull run and now you all owe me. I expect just a meager 1% moon return for my noble gesture.

    But all jokes aside, this is ridiculous! When all I see is red on the charts, the last crypto I would expect to be resilient is suddenly mooning?

    Is some BTC whale diversifying his holdings into his reddit vault? What the hell is going on here?

    submitted by /u/48323979853562951413
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    YouTuber TechLead Accused of Scam as Million Token Plummets (-64%).

    Posted: 05 Jul 2021 05:28 AM PDT

    Young investors are abandoning stocks for crypto — and making millions

    Posted: 05 Jul 2021 05:38 AM PDT

    I understand now why not everybody will be rich

    Posted: 06 Jul 2021 02:25 AM PDT

    Hi guys,

    I started crypto in January and I know a lot of people who do the same in the last 6 months. Now, when I speak to them, nobody want to invest more, because they have already lost a lot ! Not all, but some invested at the ath and now, they only want to wait to be at the ath again to invest...

    Some others already forget about the cryptos, they were soooo sure to become rich and now this is like it never happened.

    So now I understand that during a bear market, this is hard to continue to invest. But I will, and the fact that a lot abandon to invest during this time motivate me more to invest! Because now I know that this is only the people that really believe that will be rich or ultimatly more wealthy than before!

    I will continue to DCA min 10 years and I will see what happened !

    Thank you all, I am with all of us, believers!

    ​

    Edit : I know and think too that this isn't the bear already but people already abandon so imagine during the real bear! More and more people will abandon and stop believe in crypto !

    submitted by /u/waughandy
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    Cardano (ADA) keeps expanding, partners with crypto lending player Nexo

    Posted: 06 Jul 2021 01:19 AM PDT
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