• Breaking News

    Wednesday, July 7, 2021

    Home Unlabelled Cryptocurrency Moon Week Reminder - Submit governance polls before Thursday

    Cryptocurrency Moon Week Reminder - Submit governance polls before Thursday

    July 07, 2021

    Cryptocurrency Moon Week Reminder - Submit governance polls before Thursday

    Moon Week Reminder - Submit governance polls before Thursday

    Posted: 06 Jul 2021 11:00 AM PDT

    Hello everyone,

    ​

    Per the passing of the Moon Week Governance Poll, this is your reminder that tomorrow is the snapshot and beginning of Moon Week. Please submit any governance proposals for this month before Thursday so they can be promoted in the sticky until next Wednesday. For more information about Moons, please see the official Moons wiki page.

    Check back after Thursday to vote in polls and earn your 5% moon bonus

    submitted by /u/CryptoMaximalist
    [link] [comments]

    Daily Discussion - July 7, 2021 (GMT+0)

    Posted: 06 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 The prior exemption for karma and age requirements is no longer in effect.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
    [link] [comments]

    Exposed Congressman Rep Brad Sherman Who is Trying to ‘Shut Down’ Crypto and Gets His Biggest Donations From Big Banks, is Up for Re-election Next Year in 2022. Let's vote him out? Any Californians here like me who can help? I'll be voting for whoever is against him next year.

    Posted: 06 Jul 2021 11:23 AM PDT

    Let's clear up the facts around EIP-1559, the merge/triple halving and ЕТН becoming a deflationary asset.

    Posted: 06 Jul 2021 10:56 PM PDT

    I'm finding it incredible just how many people in crypto are confusing the triple halvening/cliffening which comes with the merge and EIP-1559. I have seen multiple YouTubers (and not the shitty bybit link shilling, shitcoin pumping kind) and many people on Reddit thinking that the cliffening is happening in the next month with EIP-1559. The amount of misinformation is frustrating. People are going to look at EIP-1559's respectable change to ETH supply (but not dramatic like the merge) and claim "oOh, LoOk, EIP-1559 diDn'T MaKe eThEReuM DefLaTioNaRy!" When in reality, EIP-1559 was never going to make ETH deflationary except for when gas fees were well into the hundreds of Gwei, something which is unlikely to last now that layer twos are taking off.

    Anyway, let me clarify for anyone who is still unsure:

    • EIP-1559 will reduce the ETH going to miners by an estimated 30% and burn most of the transaction fees going forwards (it will also make gas fees a lot more stable. No more guessing what to pay to get into the next block!). This means ~30% less constant selling pressure from miners and anywhere between 0.5 and 5% of the ETH supply being burned each year. Most likely about 1-2% of supply per year based on gas fees over the last year. This would still leave ETH with a net inflation rate of about 1.5-3%.

    • The Merge/The triple halvening/the cliffening or whatever you want to call it is the move from Proof of Work to Proof of Stake. To do this, we will be merging the ETH 1 PoW blockchain with the ETH 2.0 PoS blockchain (which currently is running in parallel and has no transactional functionality, just staking, so if you stake your ETH, you're moving it to ETH 2 and waiting for a future update to allow for full transactional functionality on ETH 2.0). This upgrade will result in a reduction of annual ETH issuance from 4.5%pa to 0.5%pa since miners no longer need to be paid for all of the electricity they waste when securing the network It is also worth noting that after the merge, Ethereum will be the most secure and most decentralised blockchain with its over 150,000 validators and greater security guarantees from Proof of Stake due to the ability to slash (punish) bad actors. When combined with EIP-1559, this will result in ETH becoming deflationary or "ultra sound money" since the fees burned through EIP-1559 will be greater in value than new ETH given to validators/stakers. This upgrade is currently looking like it will go live in Q1 2022.

    Finally, I would like to give my own 2 wei on the effects of these upgrades. For over a decade now the crypto market cycles have revolved around the Bitcoin halvings when the supply of new coins going to miners halves. This is important because miners are majority sellers. They have electricity bills to pay and so the inflation from new coins is almost always being dumped on the market. If halving this amount can consistently create a parabolic run, then what do you think will happen when Ethereum gets rid of it entirely? There will be no automatic sellers and what little ETH is given to validators will be less likely to be sold as stakers by nature are ETH holders and don't have electricity costs to offset. Meanwhile, ETH is still sitting at a middle ground ETH/BTC ratio compared to the low and its 2017 highs set in a time when ETH had no apps, no DeFi, barely any NFTs except crypto punks, ETH 2.0 and PoS were still a pipe dream and there were no layer 2 scaling solutions. At some point the market will realise the significance of this supply shock and the price will adjust accordingly. Until then, I will keep on stacking ETH.

    submitted by /u/Tricky_Troll
    [link] [comments]

    Does anyone else ever get scared transferring coins from a exchange or back onto a exchange thinking your going to fuck it up and just send all your tasty cryptos into the abyss

    Posted: 06 Jul 2021 10:56 AM PDT

    When I send my cryptos too or from a exchange I always get scared that I have or will somehow mess it up and send all my stuff into the abyss to never be seen again. I know there are people out there who have done it and iam a pritty unlucky individual in some ways and feel like eventually this could be me. Staring at the wallet and it not turning up after a few seconds really get the paranoia going lol.

    submitted by /u/MAGICwhiteMICE
    [link] [comments]

    Swiss Bank Sygnum Becomes First Bank to Offer ETH 2.0 Staking

    Posted: 06 Jul 2021 08:28 AM PDT

    The Media keeps Embellishing this guy like he's some sort of Crypto Genius. Iol its not that hard to make a Million if you start off with 250K.

    Posted: 06 Jul 2021 05:35 PM PDT

    SCAM Alert! Very concerned about the new ShibSwap that just went live!

    Posted: 06 Jul 2021 05:03 AM PDT

    SCAM Alert! Very concerned about the new ShibSwap that just went live!

    So I (a long time ago) originally swapped around 2 billion SHIB tokens at it early stages, and sold about half my supply during it's ATH, which is by itself a crazy amount of money to make for the miniscule investment I made.

    Even after the phenomenal crash it was still at a much higher price, so I figured YOLO and decided to keep them forever to see where this crazy roller coaster ride is going to take everyone (irrespective of whether it's a SCAM or not).

    Fast forward to now, the ShibaSwap just went live, and I haven't connected my wallet yet, but there is no legit way a Swap can offer 52349.29% APR right!? The discord and reddit channels are filled with people already putting their money in, and I don't have enough Karma to comment or post on them, but hopefully someone from there can see this, and think long and hard before they connect their wallet and transfer their BONE or SHIB.

    NOTE: I had to pay and get a subscription to be able to post this (hopefully it's not removed again)

    PS: I might still create a new wallet just to see how deep / long this goes. I've never been a part of something this crazy before, and since I already made more than I ever thought off making from this coin, I'm planning to use the rest to investigate what in the world is going on and help warn others if it is indeed a SCAM! Updates to follow in the coming weeks.

    Updates

    ​

    ​

    • I do plan to use the platform to investigate this further after the first week, when the platform data reflects the current week's activity. Apparently the theory is, it needs about a week!

    ​

    • The APR has gone down (and liquidity has gone up) since the original screen was taken! I've updated the screens added to the post 👍

    Screen taken within the first 30m

    Screen taken a day after the launch

    submitted by /u/r0ughnex
    [link] [comments]

    I love you just for being a part of this. Nobody knows what cryptocurrency will become, but it's been a wild ride.

    Posted: 06 Jul 2021 09:01 PM PDT

    From 10,000 Bitcoin pizza purchases and cryptographic Lambos to the billion dollar donations for the India Covid relief fund, Cryptocurrency has changed the world already.

    Maybe tomorrow it will go kaput. Maybe next week it will take over the world and free us from the Fiat chains of our oppressers.

    Whatever happens, the past 10 years have been the most exciting years of my life thanks to the Blockchain and I'm just one of millions.

    No matter who you are, you're interested in Cryptocurrency this early and that makes you special.

    Thanks for everything you do!

    submitted by /u/48323979853562951413
    [link] [comments]

    Shibaswap: Staked funds are NOT in a smart contract and can be rugged by the devs at any moment

    Posted: 06 Jul 2021 05:21 AM PDT

    Any Boomers out there stacking Crypto for retirement?

    Posted: 06 Jul 2021 06:51 AM PDT

    I'm 60 years old, broke ass bartender for 40 years. Been in Crypto, buying what I can afford on my shit wage and tips for 3 years. Haven't sold any but occasionally swing trade some alts for BTC. Got an OK bag now, although I've taken a haircut like most lately...but it has basically doubled my compulsory Superannuation savings ( Australia). My plan is not to cash out but set up a crypto based pension by staking with a reputable platform like Blockfi etc. and then move to a cheaper country with a good lifestyle to offer. Any other Boomers out there with similar ideas, plans or advice?

    submitted by /u/graytleapforward
    [link] [comments]

    Day 6 - 12 Of Choosing To Buy Crypto Instead Of Cigarettes! Weekly Update

    Posted: 06 Jul 2021 04:40 PM PDT

    I'll start with my thoughts on the daily DCA I've been doing, then a bit about the smoking, and end with the details of my daily purchases for the data lovers.

    So I've been buying $6.27 of btc every day for the last 12 days which is the current price of a pack of cigs that I would normally buy. The idea being that I would rather put that money into something more productive than burning it to ash. I know 12 days isn't a whole lot of data yet, but it's been interesting to observe. With all the crab walking the price just goes up and down a little and my profit is usually around 1 or 2 dollars above or below. I've started looking forward to the days when I'm in the red because that means I'll be getting a cheaper price that day. But really I'm actually accumulating a larger number of sats on those days. I'd like to build up as many as I can, WHILE I can. It's going to be interesting to see how daily DCA works when we start actually climbing again. This whole process has really changed the way I think about a lot of different things and I'm glad I started. My goal is to just keep it going every day, nice and simple.

    As far as smoking goes I haven't been able to completely quit yet, but I have managed to stay under 5 cigs a day consistently. Not too bad compared to the 1-2 packs I normally smoked a day. One day I even had 0 and it wasn't too bad. As a result of not having enough money to buy a pack, since I put my $6.27 into btc. One thing that has really helped is the rule I set for myself. If I absolutely have to smoke, then I can't do anything else while I'm doing it. No scrolling through my phone, no chit chatting, no working on the computer, no driving, no nothing. I just have to sit there alone with my thoughts while I smoke. More often than not I'll put the cigarette out halfway through or even less. That's been the key for me lately. Normally I would sit on my phone and have a cigarette burning and end up going through 2 or 3 without even realizing it. It's this thing I absently do while I'm doing other things. I'd kind of forgotten about the excuse smoking gave me to go be alone with my thoughts periodically. That's when I get struck by ideas, and solutions to problems. I need to practice doing that without the cigarette.

    I've really missed being able to do this daily. And I'm curious how everyone else has been doing with it. Are you still keeping up with it? Have you had to start over? What's your experience been like?

    Here's my data: $6.27 purchase of bitcoin daily Fee: $0.19 per transaction on cashapp

    June Day 1 6/25 btc 0.00019109 @$31,817.47 Day 2 6/26 btc 0.00019420 @$31,307.93 Day 3 6/27 btc 0.00018532 @$32,808.12 Day 4 6/28 btc 0.00017691 @$34,367.76 Day 5 6/29 btc 0.00016750 @$36,298.51 Day 6 6/30 btc 0.00017561 @$34,622.17

    July Day 7 7/01 btc 0.00018111 @$33,570.76 Day 8 7/02 btc 0.00018291 @$33,240.39 Day 9 7/03 btc 0.00017562 @$34,620.20 Day 10 7/04 btc 0.00017150 @$35,451.90 Day 11 7/05 btc 0.00018050 @$33,684.21 Day 12 7/06 btc 0.00017863 @$34,036.34

    Total investment: $75.24 Total BTC: 0.0021609 Current value: $73.48 - 07/06/21

    submitted by /u/holyshithead
    [link] [comments]

    Staking Income ��

    Posted: 06 Jul 2021 01:03 PM PDT

    Don't know who needs to hear this, but…

    If you fully believe in crypto and are planning on holding for the future, I suggest you stake/lend to gain passive income on the assets you were going to hold anyways.

    Making around $375 a week staking ETH, making money for doing absolutely nothing. Income fluctuates with price since you get paid in the crypto of choice, I was making ~$750/week a month ago.

    Honestly so satisfying getting paid every Saturday night.

    submitted by /u/EthereumDream
    [link] [comments]

    There are now as many Bitcoin users as there were Internet users in 1997

    Posted: 07 Jul 2021 01:11 AM PDT

    China banned Didi (Chinese Uber) just 2 days after USA IPO. Americans invested in this are losing big time. Where is the "investor protection"? US regulators dont care. Investor protection comes in only when its crypto - an asset class up a huge %.

    Posted: 06 Jul 2021 05:15 AM PDT

    China banned Didi (Chinese Uber) just 2 days after USA IPO. Americans invested in this are losing big time. Where is the "investor protection"? US regulators dont care. Investor protection comes in only when its crypto - an asset class up a huge %.

    The double standards are just incredible. Bill Sherman says people should not invest in risky assets like Crypto but should instead invest in stocks, and these are the kind of stocks that the US regulators allow to IPO in the USA, allowing gullible US citizens and investors access to shady companies that dont even bother disclosing an ongoing investigation during its IPO. And voila, just 2 days after its IPO, heading into the long weekend, China banned this app from its app stores.

    And today the price of Didi has crashed 25% pre-market.

    But for the same Bill Sherman, bitcoin and crypto is just gambling, while investing in shady Chinese stocks that are approved by US regulators is "investing". This is not even the first time that a Chinese company is exploiting US people's money. Couple of years ago, Luckin Coffee pulled the same thing by fudging its numbers and when the scam was exposed, all the US investors lost heavily. Dozens of other shady Chinese companies still continue to be listed in US public markets, without any oversight or monitoring. These scams will bust right in front of the SEC's eyes, but the SEC wont be least bothered by what these shady entities are upto.

    After Luckin Coffee scandal, lots of talk was in the air about tightening access to US markets for Chinese companies looking to raise funds. Hardly 2 years later, Didi pulls this soft scam now by not even disclosing an ongoing investigation during its IPO. First of all, what is the need to allow a Chinese company to raise funds in US markets?

    But for the regulators and legislators like Sherman, these shady companies in less than transparent offshore jurisdictions are good investments while anything associated with Crypto is automatically termed a scam, even though he does not know much about crypto at all.

    These regulators and legislators dont care at all about people's safety or finances. If they really care about investors safety (muh investor protection), junk companies like Luckin Coffee and Didi wont ever be allowed to raise funds from Americans in a blatant manner suppressing vital information about their operations. Investor protection only comes into the picture when its Bitcoin - an asset class that has grown by 10,000% last decade.

    You see, investor protection only exists to protect people.. from becoming rich and financially successful.

    submitted by /u/Set1Less
    [link] [comments]

    Never turn down free crypto even if it’s only a few dollars.

    Posted: 06 Jul 2021 12:10 PM PDT

    So let's talk a little about the earn schemes from exchanges like Coinbase. When I first got into crypto I got the about $30 worth of random coins like ox, dia, eos, bat and nu. I was too late for the good coins but still all of these went up over the years and I sold them all for ETH getting just over $250 worth. Now I have done a load of the more recent earns on Coinbase over the last few months as I save them for bear markets but was worried some would expire soon. Now I have roughly $3 each of The graph, Amp, uma, celo, band protocol, polygon, skale, and barnbridge? Yea never heard of the last. I'm quite sure these aren't going to be crazy coins but I was lucky I got the GRT just as all was on the way up and celo a bit after so these are now at $10 and $6 but all the others were closer to the top so are roughly worth $1-$2. Now it's still up in all and honestly these are just gunna sit in my CB wallet until they are actually worth something but I don't have any doubts that it'll all be worth well into it's hundreds again within a few years. If btc does have another big drive up this year I'm quite sure these will already have a tasty jump too. Quite sure a lot of you don't care about a few hundred dollars but I can also guarantee that there are plenty of people who can't afford to put much money into crypto monthly and this would definitely help a lot. Lastly coinmarketcap also has an earn scheme but I haven't used it yet, I only found out about it recently but will be joining and doing them to soon.

    submitted by /u/killawaspattack
    [link] [comments]

    EIP-1559 comming on the 4th of August

    Posted: 06 Jul 2021 01:49 PM PDT

    Is has been just announced that EIP-1559 will be released on ETH on the 4th of August. It will be confirmed this friday but these are very bullish news for ETH as the burning will begin, and potentially making ETH a deflationary coin.

    Edit: Source: https://github.com/ethereum/eth1.0-specs/pull/223

    submitted by /u/TheRealBabyJezus
    [link] [comments]

    Every post on this sub right now

    Posted: 06 Jul 2021 04:05 PM PDT

    Greetings HODLers, traders, and shitposters,

    It could just be me, but this sub seems really repetitive lately. So I thought I would save you all some trouble and just write down everything in one convenient post.

    Staking is free money, do it.

    USDT (Tether) is a big scam. Don't buy it.

    Marketcap is a thing.

    Is this a bull/bear/crab/rainbow unicorn market?

    Have you set up your Moons vault? If not, what are you doing here with us shitposters?

    Have you ever heard of VET? It's great. Something something supply chains.

    Have you ever heard of Ergo? It's great. Something something ErgoDex.

    Have you ever heard of SHIB? It's terrible. Something something marketcap.

    Have you ever heard of Nano? It's the Second Coming of Satoshi. Something something 2 fast 2 feeless.

    There you have it. You have now read through the entire sub. Now you can get back to your fiat mining.

    Cheers.

    submitted by /u/CryptoKing57
    [link] [comments]

    US Congressman Adds Dogecoin, Ethereum to Portfolio

    Posted: 06 Jul 2021 07:27 PM PDT

    My favorite crypto-related games

    Posted: 07 Jul 2021 03:18 AM PDT

    I started gaming for as long as I can remember. FPS and co-op games were my favorite. I eventually got into Bitcoin but keeping tabs of the market is way too boring for me. So I started playing crypto related games, not even to earn money but just for fun and see where it gets me. I always try to explore other games when I can, so if you enjoy crypto related games, let me know what your favorites are! :) Here's mine

    Waves Ducks is a game focused on collectible digital duck images in the NFT format. You can buy, sell and breed ducks to get a unique item with a sizable value.

    Spells of Genesis is a fantasy tactical arcade game that combines strategic aspects of the genre with card collection and team building. Putting your team together and fusing the cards to level them is an incredibly entertaining challenge and the fact that it runs on blockchain is an added bonus.

    Beyond the Void a space themed 1v1 MOBA. What I like about this game is that it has a unique resource management style. You take over and start building rings on planets which will help you produce minions.

    Huntercoin is similar to the game Gauntlet. Users play as hunters where they can collect coins and invest them in specific locations.

    submitted by /u/Choice-Many-9550
    [link] [comments]

    "Its like waking up from a bad dream". One year ago to this day, I finally broke even on crypto and never looked back

    Posted: 06 Jul 2021 11:10 PM PDT

    "Its like waking up from a bad dream". One year ago to this day, I finally broke even on crypto and never looked back

    As a lot of people know, I track everything in crypto religiously.

    In 2018, the markets plunged and my crypto returns went from around 300% down to 0%, and then down even further. We had a slight bounce (for exactly one day, see my table below) and then my holdings plunged into the abyss, down to -85% at one point (and you thought this correction was bad?)

    Perhaps this will be helpful for those new-comers who are currently in the red and wondering if this ever ends. Well the table I made below records each time I managed to break even, and how long I could remain in the green for. As you can see, things really started to get close in early 2020, then we started nuking on or around 5 March 2020, but from then on every so often I would break even for a little bit. I then broke even in May 2020, would fall down for a bit, but finally on 7 July my portfolio was in the green - and I'm happy to say, never got even remotely close to red again.

    So the table shows each time I got back into the green, how long I could hold it for, and when I went back into the red again.

    https://preview.redd.it/cj2djdgaeq971.png?width=218&format=png&auto=webp&s=7c9a8e01e2fa616834d043791fe912658ccfaf5c

    And looking at the numbers now, I'm fairly confident it will never be in the red again (which would require us to be well below the 200 week moving average at around 13k or so).

    Using this table will also show you how long I was in the red for. I believe my portfolio went back down to $0 profit (and then negative) around the 20th of February 2018. So, excluding the short "relapses" back into profit, that gives me a total period of two years and five months of crypto carnage - fun times! But that was also two years and five months of crazy buying opportunities - funny, because in late 2017 everybody was saying this was our last chance to ever buy cheap crypto.

    The trick that got me there was to keep DCAing the whole way through that brutal crypto winter, and to keep learning new tricks. For example, my defi yields have acted like a parachute through this particular drop.

    Every time I broke even on the dates above, I would say to myself "It's like waking up from a bad dream" - and sure enough, those days of my holdings being in the red now feel like some kind of nightmare that was never real.

    So if you are in the red, figure out how to get back in the black, DCA, do some research, and once you are back to positive figures you'll have a story for the grandkids! (and maybe even a lambo for them when they turn 21 :) )

    submitted by /u/Cryptodragonnz
    [link] [comments]

    The Fee Difference of Using Coinbase VS Coinbase Pro

    Posted: 06 Jul 2021 09:41 PM PDT

    The Fee Difference of Using Coinbase VS Coinbase Pro

    The blue line I drew is when I switched to Coinbase pro.

    ​

    https://preview.redd.it/m38vatr9zp971.png?width=415&format=png&auto=webp&s=c2b3ddea3cb2a1304d9ddfe7ed45afc3d4882cf7

    If you use Coinbase, and you're in America. Please stop. I wasted way too much money. Also use XLM when moving money to defi or another exchange whenever you can.

    submitted by /u/FrogsDoBeCool
    [link] [comments]

    New EU Regulation may make Market Manipulation by Elon Musk and Shady YouTubers illegal

    Posted: 06 Jul 2021 11:01 AM PDT

    How long do you think it will be until we are back at all time highs?

    Posted: 06 Jul 2021 06:35 PM PDT

    A friend at work asked me this and he's a person who's brain I like to pick on the subject. What are all of your thoughts? I told him the end of the summer (which may be ambitious) he thinks the end of the year. I'd like to hear a bunch of random strangers thoughts on the topic. I love discussing crypto and we've been in a groovy consolidation lately I think its bound to trend up or down pretty heavily pretty soon. I doubt we'll be trading sideways for much longer. That's just my opinion though. So let's hear all of your FUD or hopium! What you think?

    submitted by /u/T3rminally_iLL
    [link] [comments]

    A big thank you to this community

    Posted: 07 Jul 2021 03:06 AM PDT

    Hello everyone, I've been a part of r/cryptocurrency for few months now and i learned a lot and made a lot of money. I started investing in January, some small amounts, in February I've build eth mining rig and now my crypto is paying for my home loan (staking is cool, huh?). Also I've bought engagement ring for my future wife with crypto. It's not much but it's honest work. Crypto gave me security for future and basically changed my life for better. Cheers and have a wonderful day.

    submitted by /u/CiastkoDawid
    [link] [comments]
    Read more
    at

    No comments:

    Post a Comment