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- Introducing Reddit Talk! r/Cryptocurrency Will Be Participating In Piloting Reddit's New Live Audio Feature
- Daily Discussion - July 14, 2021 (GMT+0)
- EXPOSED: Tesla lost its carbon credits market in Europe so it's trying to create a renewable credits market by attacking Bitcoin mining
- No, the US Dollar is Not on the Verge of Collapse, Nor Will it Be Replaced by your favorite Cryptocurrency.
- If you're going to buy HIGH RISK DEFLATIONARY MEME TOKENS, please, for the love of god, just use one of these three tools to CONFIRM LIQUIDITY EXISTS
- Bear (or bull) markets do not happen overnight
- I bought $500 of meme coins / shit coins from Reddit
- Bearish signs in this sub
- Crypto changed my entire life
- Inflation reaches 13 Year High but Fed does not see a need to Stop Printing Money
- We are Harmony - an open and fast blockchain for your assets, collectibles, identity, governance - here to answer your questions. Ask Us Anything!
- Do you remember the guy who took a 100K$ loan in UAE and got stuck in the country after losing his job?
- “Is this a bear market or mid cycle pullback?” Maybe you’re asking the wrong question.
- Elongate is a scam PT 3. They think I'm an entire team of 30 people.
- Dogecoin, Shiba Inu coin lead losses as crypto volume dumped 43% in June
- Why Banks Suck
- Just because a coin is in the TOP 100 today doesn’t mean it’s a good investment
- You think crypto is volatile, wait until you see the prices basic goods and services are currently going...
- Coffezilla update on the SaveTheKids situation (gets sued by Faze Kay)
- I should not have listened to Warren Buffett.
- The risk of not doing anything.
- I hope to never hear the words, "Bitcoin. The Best Money We've Ever had..." again.
- Low fees on Ethereum are here! Uniswap V3 launched on Optimism
- Coinbase Wallet Adds Support for Ethereum Scaling Solution Polygon.
- 29-year-old crypto billionaire Sam Bankman-Fried said in a recent interview that buying Goldman Sachs is 'not out of the question'
| Posted: 13 Jul 2021 10:55 PM PDT
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| Daily Discussion - July 14, 2021 (GMT+0) Posted: 13 Jul 2021 05:00 PM PDT Welcome to the Daily Discussion. Please read the disclaimer, guidelines, and rules before participating. Disclaimer:Though karma rules still apply, moderation is less stringent on this thread than on the rest of the sub. Therefore, consider all information posted here with several liberal heaps of salt, and always cross check any information you may read on this thread with known sources. Any trade information posted in this open thread may be highly misleading, and could be an attempt to manipulate new readers by known "pump and dump (PnD) groups" for their own profit. BEWARE of such practices and exercise utmost caution before acting on any trade tip mentioned here. Please be careful about what information you share and the actions you take. Do not share the amounts of your portfolios (why not just share percentage?). Do not share your private keys or wallet seed. Use strong, non-SMS 2FA if possible. Beware of scammers and be smart. Do not invest more than you can afford to lose, and do not fall for pyramid schemes, promises of unrealistic returns (get-rich-quick schemes), and other common scams. Rules:
Useful Links:
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| Posted: 13 Jul 2021 11:59 PM PDT
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| Posted: 13 Jul 2021 08:58 AM PDT The U.S. is one of the world's two largest economies and the center of the English-speaking world. It has the power to tax, the strongest network of alliances and the most powerful military. Yes, it has printed a lot of dollars since 2008, but it also has taken steps to lower the speed at which those dollars circulate. Yes, rates of price inflation are likely to be higher for the next two years or so, but already some of the immediate inflationary pressures are abating; lumber prices, for instance, are now plummeting. Over a 10-year time horizon, the U.S. government can borrow at a near-zero real rate of interest, hardly a sign of a doomed empire. Nor is the U.S. government about to go broke or on the brink of resorting to hyperinflation. The U.S. debt-to-GDP ratio may well hit 200%, but the poorer and smaller nation of Japan is doing OK with similar debt levels. Keep in mind that national wealth, while difficult to estimate, may run as much as six to eight times higher than GDP. So a 200% debt-to-income ratio could mean a debt-to-wealth ratio as low as 25%. That's hardly the end of the world. Think of how comfortable you'd be if you paid off "only" 75% of your mortgage. If anything, crypto is more likely to hurt the currencies of countries that are doing very poorly, such as Venezuela. Fiat currency won't just go away, so over the long run crypto could actually boost the value of the dollar by stifling the rise of potential competitors. Don't downvote this just because it doesn't fuel the confirmation bias, just think rationally. [link] [comments]  | ||
| Posted: 13 Jul 2021 02:05 PM PDT I've noticed by quickly referencing Moonarch that most meme coins significantly rising at alarming rates in a matter of minutes either have insufficient liquidity to actually trade back when the buyer goes to sell, or they just don't have liquidity at all. $6 seems to be a trend. For pancakeswap to actually allow you to sell your new deflationary tokens, bare minimum you would want is a few thousand dollars in liquidity to exist. I personally wouldn't invest in anything with less than $100k liquidity, but given it seems I have very different values in this market, here are tools that can help you quickly check liquidity: BSC TOOLS1.) Moonarch as i mentioned includes lists of trending assets. simply tapping the name activates a popup that reveals the total liquidity staked on exchanges 2.) Bogged.Finance charts allow you to search any token address, and it will give you a more in depth view of liquidity, including the value of each LP Token, which exchanges they're staked on, how much is staked on each exchange, and the total amount of liquidity staked between all exchanges.(scroll to bottom of chart page for this) 3.) pancakeswap.info/token/[replace with your token address] is the in-depth look at trading and liquidity from PCSs perspective. this also includes staking and instaking events of LPs on PCSV2 BONUS 4.) redfox.finance/ is another great tool for BSC, as is DEX.GURU, which is included below in the ethereum platforms. guru works for bsc as well. Please never buy any sort of meme token without checking this first. a quick scan of Token fomo shows hundreds of new assets are created every hour. some of them are legitimate, but an overwhelming number are not. many of them are also counterfiets, using identical names as real assets. you should ALWAYS review the address first. Never sinply go by the name of an asset. please protect yourself from these scammers. they're scumbags who DO NOT deserve your hard earned money. ETHEREUM EDITthe tools above are built on binance's smart chain. ethereum doesn't appear to have anything quite like moonarch, at least not yet, which is what drew my attention to these assets without liquidity ranking as top gainers in the first place however ethereum does have tools to check liquidity. someone inquired about MM, so both of these links below will bring you to its data set on the respective platform just replace the contract address in the search bar with the address of the coin you want to check, which you can get from cryptorank.io, coin gecko, CMC , etc. or if it's already in your wallet, you can pull the address from etherscan by looking up your wallet address ——— very similar to bogged DEX.GURU is a rather comprehensive platform for ERC20 tokens dex.guru/token/0x6b4c7a5e3f0b99fcd83e9c089bddd6c7fce5c611-eth and much like pancskeswap discloses information for each asset and trading pair it offers, V2.INFO.UNISWAP.ORG/TOKEN/[ADDRESS] does the same v2.info.uniswap.org/token/0x6B4c7A5e3f0B99FCD83e9c089BDDD6c7FCe5c611 ANALYTICS.SUSHI.COM does the same Here is sushiswaps full list of their top 1000 tokens analytics.sushi.com/tokens and if you want to quickly navigate to one particular asset, just click on any one of those, and replace the contract address in the search bar with that of the asset you want to check like this analytics.sushi.com/tokens/[token address] 🌈LIQUIDITY🌞[link] [comments]  | ||
| Bear (or bull) markets do not happen overnight Posted: 13 Jul 2021 11:46 PM PDT Bear markets are slow-burn events, littered with false rallies + rises - all designed to drain retail money on the way down. In 2018, BTC dropped from a ~$19.2k ATH to ~$6.8k over the course of 7 weeks. But it took 12-13 months for the drop to fully play out and BTC to hit $3.5k, despite several rallies to $9-10k: Nobody can predict what will happen next, but whatever happens, it will certainly take time before the picture is clear. Staring at 15m charts and frantically riding every trough, every peak is a sure-fire way to lose money to market movers/manipulators, FOMO in and out and take a hit to your mental health. 15m charts, 1h charts, 3h charts - they all give the impression that time is of the essence and that you must act quickly. This is simply not the case. Zoom out. 1D/1W/1M charts are your friends. Take the time to consider your next moves, and most of all, take care of yourself. After all, you need to be alive and functional to enjoy your future crypto gains. [link] [comments]  | ||
| I bought $500 of meme coins / shit coins from Reddit Posted: 13 Jul 2021 01:49 PM PDT
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| Posted: 14 Jul 2021 01:04 AM PDT For me, a clear indicator for a bearish market is this subs sentiment. The more posts and news about the next uptrend being just around the corner, the worse the situation. I guess in times of need people just need that extra dose of hopium. We are being flooded by bullish news the last few days, meanwhile my portfolio bleeds by high single digit numbers every 3 days. It's not looking good atm lads, I guess it is time to buckle up for a bumpy ride. There's gonna be bright green times ahead. Keep incesting. [link] [comments]  | ||
| Posted: 14 Jul 2021 12:05 AM PDT I used to be an average Joe, working at an 8 hour job, using my money just for alcohol and cheap food from tacobell. Life didn't have any sense at all at that time. I first started investing in stock market and eventually beginning with Cryptocurrencies. Point is that I started caring about myself, caring about the future. Thanks to crypto I'm currently having a side job to invest even more money, valuing all the time I can spare in my mental and physical health. You're investing in the future, take care of your body and yourselves, much love for everyone! [link] [comments]  | ||
| Inflation reaches 13 Year High but Fed does not see a need to Stop Printing Money Posted: 13 Jul 2021 12:28 PM PDT
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| Posted: 13 Jul 2021 09:00 AM PDT
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| Posted: 13 Jul 2021 06:41 AM PDT Well, if you know the username you already know that I was the one in the middle of that shitsorm. I am contacted pretty often from redditors asking how I am now, so I wanted to make an official update of my situation. So first of all, I'm good now, loan free, debts free overall and I even managed to make a new portfolio bigger than what I previsouly had. Long story short for the one who don't know about it, I was working in the UAE for almost 10 years, and in 2017, I took a big loan of 100 000$ to buy some shitcoin that dumped 98% on average such as Neo, Deepnion, Cloakcoin and so on... This was not the real issue as I was able to pay my instalments with my salary every months until the Covid-19 tragedy started and 70% of the staff got fired including me. From this moment, things went south quickly, with banks knowning about the situation and blocking people with loan from leaving the country with possible jail sentence if not paid on time. Anyway, I got quite lucky as some wealthy friends bailed me out with the 27000$ that was the remaining balance I had to pay, allowing me to leave the country and start fresh in Canada, plus an extra 20K$ in ETH (almost 100ETH in June 2020) from a very good friend few weeks later that I actually introduced to crypto and who did much better than me in terms of decision making at the time. To make things clear here, I paid everyone back what I owned them, even if some refused at first saying they didn't need that money and were more than happy that I recovered. So yes I am still involved into crypto with so much more experience than 4 years ago, and took good decisions when the price was around its top. I managed to paid my dad's mortgage with some of my profits and I even bought him his dream car that he could never have afforded. The morality of that story once again is to only invest the money you can afford to lose and NEVER take a freaking loan to invest in crypto! I was lucky to have an amazing and wealthy entourage and that will most probably won't be your case. Take care all. [link] [comments]  | ||
| “Is this a bear market or mid cycle pullback?” Maybe you’re asking the wrong question. Posted: 14 Jul 2021 02:54 AM PDT Exactly four years ago I was in a scenario which I am sure that many of you will find yourself in right now. As you all will know quite well by now, crypto has been crashing. As of July 2021, price of ETH has plummeted from $4,200 to the high $1,000s after running up from last year's lows of around $100. Now let's flashback to exactly 4 years ago. It's mid July 2017 and I was getting very concerned about my first ever investment, Ether. ETH just dropped from $420 to $135 over the course of a few weeks and I bought on the way up between $220 and $420.
So why did I stick around? Well, I asked myself one simple question:
Let's answer that question now:
And most importantly in my opinion:
Based on all of the above, what we have is a 60% pullback with no good reason to believe that the long term success of Ethereum is in jeopardy. If you saw the charts without any context, one might expect that something would have happened, maybe a large DeFi hack or devs announcing some seemingly insurmountable roadblocks for ETH 2.0, but no. Ethereum is bigger and better than ever. In fact, the same is true for most legitimate cryptos. Now I don't know if price will recover in the short term, since the current price charts look similar to both right after the 2018 bubble as well as July 2017. One was proceeded by a lengthy bear market and the other, another 10x price run up from the low. However, what I do know is that if you're in this for the long run, you need not be concerned. Trust me, the pain you're going through now will be nothing to the pain you will feel if you sell now and see ETH at $50,000 in 20 years' time. As for the medium term, I am still extremely bullish on ETH. As I mentioned above, the ETH 2.0 merge is on its way. Even if it doesn't launch as expected in Q1 2022, at some point before the end of next year, it is extremely likely that Ethereum will experience a 90% drop in its inflation and a 100% drop in ETH going to miners. Now for those of you who don't know, miners create constant selling pressure because they have to sell their crypto to pay for their electricity bills. It's a business with surprisingly slim profit margins for most. So what happens when Ethereum goes from $20-$50 million dollars of daily selling pressure from miners to $0? (the 0.5% inflation going to stakers will still be locked up until a later ETH 2 upgrade). Well based on Bitcoin's history, ETH price will rise like crazy. I mean, it's literally a triple fucking halving! 3x the effect of that thing which has started a Bitcoin bull run every time without fail. TL;DR: In the short term anything can happen. We could enter a 2018 bear market, or we could do what we did in 2017 as I also laid out above. Anyone showing you a chart explaining why they are right is just cherry picking data. You can make valid arguments both ways. The only thing we do know is that the fundamentals of most legitimate cryptos and especially ETH are stronger than ever yet the price is not reflecting this. This means that if you're investing for the long term, then buying here is a wise decision. After all, there is a 60% sale on the asset you were fomoing into 2 months ago when it's fundamentals are stronger than ever! [link] [comments]  | ||
| Elongate is a scam PT 3. They think I'm an entire team of 30 people. Posted: 13 Jul 2021 01:54 PM PDT
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| Dogecoin, Shiba Inu coin lead losses as crypto volume dumped 43% in June Posted: 13 Jul 2021 03:34 PM PDT
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| Posted: 14 Jul 2021 02:36 AM PDT So a bit of a backstory here. I am Australian and my family uses the Commonwealth Bank of Australia (CBA), which is the second largest in the country. With interest rates at record lows, my grandparents are in the process of switching their money over to another (smaller but still widely known) bank with a higher interest rate. I was at their house when they made the call to CBA to make this transfer. It all started off in a relatively normal way. They answered some security questions that they had set up when the account was created and gave them other details (driver's licence numbers, etc) to verify that they were the account holders. When my grandparents told them why they were calling, however, the whole tone of the conversation changed. The woman they were talking to became extremely curt and began to ask them strange questions like when they had last left the country, where they had travelled to, etc. She also started to warn them how it is too risky to transfer large sums of money around, because it is more likely that they will fall victims to scammers (despite the fact that they had told her why they were changing banks and the new account was also in their names). She capped off the whole conversation by flat-out lying to them, saying that their new bank was not guaranteed by the Australian government and that they could 'lose all their money'. A quick Google search disproved this. While I could see that this was all bullshit, it really rattled by grandparents. Both being in their 80s, neither of them have a lot of confidence when it comes to handling their finances, especially using internet banking. I eventually got on the phone with this woman and she became even more unfriendly, warning me that the phone call was being recorded when I told her that she was lying. We finally got the transfer to execute, but not before having to pay a $30 fee for this to take place. I never understood how old people fall victims to scammers, but after seeing the scare tactics that are employed even by a 'trusted' institution, I now get how confusing it can be for them. The message out of all of this? Banks do not give a shit about their customers. They only care about the money that these people give to them. They will do anything to keep it, even if it results in negative outcomes for their clients. TL;DR: Banks are fucking shady and they will do anything to stop themselves from parting with your money. Bring on DeFi [link] [comments]  | ||
| Just because a coin is in the TOP 100 today doesn’t mean it’s a good investment Posted: 14 Jul 2021 02:01 AM PDT Just a friendly reminder to not mindlessly dump money into coins in the TOP 100. Do the research and make sure you truly believe in the project. After all, the coins in the top 100 from 2017 are completely different today. Since we are still early adopters there's still time for these coins to make movements whether that be up or down. Looking back to a snapshot of cmc in 2017 you'll see the top 100 did have some similar coins, BUT most of them didn't survive or no longer live in the top 100. https://coinmarketcap.com/historical/20171217/ Don't assume because the coin is in the TOP 100 today that it will remain that way in the future. [link] [comments]  | ||
| Posted: 13 Jul 2021 01:54 PM PDT This may be a bit of a rant, more of which I may do some harder research on, but it began with my wife and I today finding out that our 3 children's daycare cost is going to go up 20% beginning next month. 20%, in a month! As it is that is already our biggest expense, almost 150% of our mortgage currently. While some people may say "well you can always go to another, cheaper one", unfortunately as many parents who both work know it can take a long time to even get into a daycare now, months or even years long. Have even heard of parents signing their children up for daycare as soon as they have a positive pregnancy test in hand and the optimal Trifecta of good, cheap, and close to home daycares usually don't exist. At best it can be a Pick 2 depending on the area, and since we are both in the medical field, our at-times irregular hours mean we need a bit more flexibility on the drop off and pick up times occasionally, the option of which does not come cheap. Even basic goods like lumber, equipment parts, and even food are going up much more noticeably and more quickly than previous years. Read somewhere that YOY real inflation estimate is now 5.4%, almost twice as much change as was expected. To me that means from a purely capitalistic POV if you didn't get more than a 5.4% raise this year then you are losing money YOY and may have to either look for another job or alternate means of income. Which brings me to crypto. Not saying this is a valid means of alternate income for everybody, but even now there is a fairly low entry point for everyone to get into it somehow. While there is always a chance that it can go down, at the rate 'real money' is losing value at more than 5% a year, I think a lot more people who may not have thought to get into crypto may be looking to give it a shot. At the very least, experiment a bit and use some DCA to try and hodl for a little while, seeing which holds value better over a certain amount of time, cash or crypto. What has anyone got to lose? And if your crypto does go down, then at least you can be much more comfortable with rising prices and falling wages which will be coming for your money more quickly 😉 Edit: holy crap this blew up faster than expected, guess a lot of ppl are pissed about rising prices and falling wages irl. Guess answer is always just buy more good crypto [link] [comments]  | ||
| Coffezilla update on the SaveTheKids situation (gets sued by Faze Kay) Posted: 13 Jul 2021 06:43 PM PDT
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| I should not have listened to Warren Buffett. Posted: 14 Jul 2021 12:58 AM PDT Back in 2017, when the crypto was at it's ATH, when everyone was talking about crypto, when I literally witnessed people selling their house to buy bitcoins, and what not. At that time I thought of buying bitcoin too, but then somewhere on the internet I read that, Warren Buffett is against all the crypto. I got influenced after reading that and didn't invest. Cut to now, I regret listening to him, but regretting is not gonna work. I invested in crypto.... I learnt one thing from this, never listen to someone who doesn't know what they are talking about. I'll still listen to him (Warren Buffett) if he's talking about stocks and business, but when it comes to crypto, I'd prefer some who knows a thing or two about it. So when it Crypto I'd listen to some like Vitalik Buterin, Gavin Wood, Charles Hoskinson, are to name a few, and not to some business tycoon. [link] [comments]  | ||
| The risk of not doing anything. Posted: 14 Jul 2021 02:44 AM PDT So yesterday I had a lengthy conversation with my brother and amongst other topics we talked about investing and crypto. I revealed I'm going hard into crypto and asked him what he thought of it. Well, he remaind adamant to the viewpoint that real estate is the way to go and investing into crypto is risky. That got me thinking and I came up with several reasons why not getting involved in crypto is also a risk.
So, considering the aforementioned, I do find that not taking action now is as much of a risk as getting into crypto and maybe getting burnt at first, but taking ones lessons from it. You don't get something from nothing, right? Anyhoo, what are Your thoughts on this subject? Risk it to get a biscuit? [link] [comments]  | ||
| I hope to never hear the words, "Bitcoin. The Best Money We've Ever had..." again. Posted: 13 Jul 2021 07:48 PM PDT For those who don't YouTube, there's a crypto.com ad that feels like it plays every other slot trying to convince me to get their shiny metal card.... Yes, YouTube, I'm into crypto. Yes, YouTube, I'd like to be advertised to my interest, but for goodness sake can crypto.com have more than one goshdang AD? I have seriously stayed away from them because of the overwhelming annoyance of the ads! Like, they sell coins I wanna buy, but I don't wanna reward them. Is it petty? Yes. But there's no way they're not profitable enough to have at least a NEW ad by now... Come on. I can't be alone. [link] [comments]  | ||
| Low fees on Ethereum are here! Uniswap V3 launched on Optimism Posted: 13 Jul 2021 06:12 PM PDT DeFI summer 2.0 is here. Most exciting news for Ethereum is not EIP-1559, but the fact that Optimism is finally ready. Optimism is a layer 2 solution that uses the full security of Ethereum. It brings scaling and low fees to the network. You can already trade on Uniswap V3 following the guide below. It's a simple bridge to the network and voila! https://optimismpbc.medium.com/announcing-uniswap-v3-on-optimism-6fb033398a11 [link] [comments]  | ||
| Coinbase Wallet Adds Support for Ethereum Scaling Solution Polygon. Posted: 14 Jul 2021 02:28 AM PDT
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| Posted: 13 Jul 2021 02:34 PM PDT
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