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    Home Unlabelled Crypto Currency Markets Weekly Discussion Megathread - August 29, 2021 (GMT+0)

    Crypto Currency Markets Weekly Discussion Megathread - August 29, 2021 (GMT+0)

    August 29, 2021

    Crypto Currency Markets Weekly Discussion Megathread - August 29, 2021 (GMT+0)

    Weekly Discussion Megathread - August 29, 2021 (GMT+0)

    Posted: 29 Aug 2021 06:00 AM PDT

    Welcome to the /r/CryptoMarkets Weekly Discussion thread. The thread guidelines are as follows:

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    Sells kidney instead

    Posted: 29 Aug 2021 06:50 PM PDT

    Morgan Stanley is Now the Second Largest Shareholder in Grayscale Bitcoin Trust

    Posted: 29 Aug 2021 05:00 AM PDT

    I was robbed secure your phone with blocks to “porting” and “sim swaps”

    Posted: 29 Aug 2021 11:44 AM PDT

    Try it.. you’ll be fine.

    Posted: 29 Aug 2021 08:00 PM PDT

    AVAX app BenqiFinance hits $1.6b in TVL - in under 2 weeks

    Posted: 29 Aug 2021 05:35 PM PDT

    Blockchain, and by extension smart contracts, are changing the way agreements are done. By eliminating the middleman and enabling the automatic execution of contract terms based on predefined rules, the technology has the potential to revolutionize a variety of industries

    Posted: 29 Aug 2021 01:09 AM PDT

    Can Bitcoin Grow Faster Than the Internet?

    Posted: 29 Aug 2021 06:07 PM PDT

    Who said this is stressful? I'm not stressed. Are you?

    Posted: 29 Aug 2021 09:05 PM PDT

    Can’t wait for Polkadot parachain auctions. Kusama ones seem to be going great so far

    Posted: 29 Aug 2021 03:11 PM PDT

    Alchemy Pay ACH

    Posted: 29 Aug 2021 12:34 PM PDT

    Alchemy Pay solves one of cryptocurrency's biggest issues in going mainstream. Crypto confuses the average person, but with ACH that gets solved. The user can invest in crypto of choice, (40 different coins to choose from) then use that crypto for their ACH Visa or Mastercard and spend their money as fiat or crypto in real world time. No waiting for transfers! Isn't that the ultimate goal to be able to use Crypto as a currency??? Instead of putting money in a bank you can invest it all, all the time! This can also be linked to Google Pay and Apple Pay. They are also handling the transactions between Binance and Shopify! They are currently in Beta testing and will be released later this year. I fully expect a 10-30x happening from this point this year. Alchemy Pay is gonna be huge. $.11 area at the moment, could easily 10-30x by Christmas. If you didn't get in on the first massive wave don't think it's to late make a killing. ACH has 3.2 billion in circulation. Capped at 10 billion. Matic has 6.2 billion in circulation and capped at 10 billion. ACH has half the amount of coins in circulation that Matic does and they are released over a 5 year time from. Early February of this year Matic was $.06 a coin. It went from that to $2.68 in May. Matic went from $.80 to $2.68 in 11 days in May. ACH will be involved in far more transactions daily than Matic and its not even close. It is an amazing utility coin with very strategic partners. They have a massive new partner that will be announced shortly. Conglomerate from the middle east. It is bigger than and partner they have yet and they have Shopify and Binance plus a ton of others. This coin could easily 10-30x this year. Possibly more depending on who they bring in. Isn't crypto a currency? Now it can be treated like one. That is a major part of mass adoption. With ACH it is now possible and you can chose over types of crypto to spend. You can spend it as crypto or convert it to fiat based upon what the vendor wants. With a low market cap and just a matter of time until it skyrockets.

    submitted by /u/-Krypto-King-
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    Crypto.com Review 2021 | Lending, Staking, Trading [Must Read]

    Posted: 29 Aug 2021 07:34 PM PDT

    Honduras Gets Its First Bitcoin ATM Installed Allowing its Citizens to purchase Bitcoin and Ethererum using their local currency

    Posted: 29 Aug 2021 04:27 AM PDT

    Paxful Review 2021 | Buy, Sell and Trade Cryptocurrency

    Posted: 29 Aug 2021 07:51 PM PDT

    Crypto.com Review 2021 | Lending, Staking, Trading [Must Read]

    Posted: 29 Aug 2021 07:51 PM PDT

    Layer-three solutions aim to supercharge distinct blockchains with the cross-chain functionality they need to communicate and interact with each other to achieve true interoperability.

    Posted: 29 Aug 2021 07:38 PM PDT

    Paxful Review 2021 | Buy, Sell and Trade Cryptocurrency

    Posted: 29 Aug 2021 07:33 PM PDT

    Launchpads aren’t as good as they used to be…

    Posted: 29 Aug 2021 07:23 PM PDT

    Of course there are exceptions like Polystarter and Binance. These are one of the few on the market that research the projects thoroughly before listing them on their platforms. The rest just seem to look at the numbers and if it's profitable then they'll list it regardless of whether it's a shady project or not.
    This is part of the reason scams and rug pulls have become so rampant in this market. Platforms seem to just care about profits way more than integrity and security. It's laughable.

    submitted by /u/jesusvsaquaman
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    Why is there no security against being robbed from ip addresses that are physically far away from your own? At least there should be an option to have wait periods to validate withdrawals.

    Posted: 29 Aug 2021 02:00 PM PDT

    I am seeing the periodic "I have been robbed" post. Obviously, these thefts happen remotely. If there are discrepancies in the locations of the owner's ip and the theif's, can't this obvious fact raise alarms to stop transactions until the owner can verify them?

    submitted by /u/nillateral
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    Is it too late to invest into Axie Infinity? (crypto NFT Game) - Pros and Cons

    Posted: 29 Aug 2021 05:07 PM PDT

    What's the Economic Value of NFT??

    Posted: 29 Aug 2021 04:55 PM PDT

    Introduction

    In the past, there was almost no cost involved in creating an item in the digital world. As a result, these items have become worthless because they are not difficult to create or reproduce/duplicate.

    With the advent of blockchain, scarcity in the digital world was created and it connected a part of the real world to the virtual world.

    NFT is one of the key foundations of the new digital economy, powered by blockchain. NFT has been tested in areas such as gaming, digital identity, licensing, certification and fine arts. Users can even split and proportionally own items of high value.

    Today, we dive into what NFTs are, what are they used for, and how a game called CryptoKitties clogged the Ethereum blockchain in late 2017.

    What is Non-Fungible Token (NFT)?

    Non-fungible Token (NFT) is a type of cryptographic on the blockchain that represents a single asset. This could be a virtual asset or an encrypted version of an asset in the real world. Since NFTs are NOT interchangeable, they can act as proof of authenticity and ownership in the digital realm.

    Therefore, NFT has 2 properties: UNIQUE and LIMITED.

    The following example will help you better understand the NFT: A $10 bill you can be exchanged for another $10 bill from someone else, assuming that it is genuine. This is a fundamental property of assets that serve as a medium of exchange. In theory, there is no way of recognising their differences (other than the money series number). However, exchangeability is not a trait in favour of collectable items.

    What if we could create digital assets similar to Bitcoin, but add a unique identifier to each asset unit?

    This will make each of them different from all the others (i.e., irreplaceable). Basically, this is what NFT is.

    How does NFT work?

    First of all, we need to understand that NFT is essential items that can be collected. Like a painting, rather than a typical token which has lots of incentives associated with it to increase buyer demand.

    Therefore, valuing NFT is like valuing a real-life precious item; whoever feels it has a price, will pay that price.

    Example: There are a lot of abstract paintings that are worth a few thousand dollars. Very few people understand what they mean, for example, but people still buy them.

    Speaking of issuance standards, usually on the Ethereum blockchain, tokens are popular in ERC-20. But in the NFT, a lot of standards are adopted, the most prominent of which is ERC-721. A recently improved standard is ERC-1155, which allows single contracts to contain fungible and non-fungible tokens, opening up a whole new range of possibilities.

    Like other tokens, NFT can be stored in a personal wallet, typically a Trust Wallet. It should be noted that NFT cannot be copied or transformed without the owner's permission - even by the NFT publisher.

    What is NFT used for?

    NFT can be used by decentralised applications (DApps) to issue digital items and cryptocurrency collections. These tokens could be a collectable item, an investment product, or something else.

    Or specifically in the field of gaming - plowing the top racing game and picking up good items is something we have all done at some point. There are many online games that have their own economy in games, so using NFT can solve or mitigate the common inflation problem many games face.

    What about the real world?

    NFT can represent small chunks of real-world assets that can be stored and traded as tokens on the blockchain. This can provide the necessary liquidity for many markets that would otherwise not have a lot of participants. Such as handicrafts, real estate, rare collectables, rare whisky, rare wines.

    Digital identity is also an area where NFT's attributes can be beneficial. Storing identity and ownership data on the blockchain will increase data privacy and integrity for many people around the world.

    TLDR:

    In the past, NFT was valuable simply because people liked it, wanted to collect it, or found it interesting. These days, NFT has turned to DeFi to take the token to a new level. These innovations contribute to creating value for them. Despite the controversy surrounding the NFTs, they are still going strong.

    submitted by /u/economicsdesign
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    SCAM on Youtube

    Posted: 29 Aug 2021 08:01 AM PDT

    Hi guys, there is a LIVE video on Youtube at the moment with the title

    "7$ for Cardano ADA Pump, Possible in September?"

    It is a SCAM asking viewers to send ADA to an address an expect triple the amount back.

    ​

    Report it to Youtube. Not able to link it, hopefully you find it. It is concerning because almost 9000 people are watching it live and I hope no one sent their ADA.

    submitted by /u/Its_Sim
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    XRP eyes sub 0.1 price target

    Posted: 29 Aug 2021 01:42 PM PDT

    Huge Ripple Army speculation that there will be a positive announcement on 31st August re SEC lawsuit, this is priced into the valuation already but a slew of Ripple directors who were former bankers have left this last 5 months and I've heard of locked in managers at Ripple working out desperate deals to be allowed to sell their Ripple holdings before the 31st.

    It will be a bloodbath, anyone holding Ripple should get out whilst they can.

    $53bn valuation is composed of tremendous hype, true valuation is nearer $200m based on legacy bank deals who won't use ripple long term with much better solutions out there. CBDCs - central bank digital coins, controlled by central banks themselves, very doubtful they will choose XRP.

    https://www.americanbanker.com/news/is-this-swifts-answer-to-ripple

    https://ripplecoinnews.com/ripple-co-founder-left-with-less-than-a-million-xrps-data-shows/

    https://finance.yahoo.com/news/ripple-transfers-over-408-million-091925542.html

    submitted by /u/Infamous_Sympathy_91
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    Superalgos Review 2021 | Free and Open-source Crypto Trading Bots

    Posted: 29 Aug 2021 04:11 AM PDT

    Switcheo SWTH price analysis?

    Posted: 29 Aug 2021 08:31 AM PDT

    I have invested $2k on this coin which seemed to have fundamentals (a good project and active development).

    But now i regret it.

    Compare the YTD chart with the one for Bitcoin. SWTH is about the same price, while BTC is up by more than 50% !

    I have to thank it did not drop to zero, but still i am missing out.

    Just want to ask anyone what is the reason for this poor performance, and whether it will likely skyrocket in the upcoming altseason (if it will ever begin ).

    And with skyrocketing i mean, preferably outperforming the Bitcoin price. Otherwise i may well swap it for BTC.

    submitted by /u/stealthepixels
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    Top 10 Play to Earn Crypto & NFT Games in 2021

    Posted: 29 Aug 2021 05:46 AM PDT
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