Cryptocurrency Announcing r/CryptoCurrency merchandise and a design contest!

Announcing r/CryptoCurrency merchandise and a design contest!
Daily Discussion - August 25, 2021 (GMT+0)
Bank is charging me $12/month for not having enough money in a specific account. Can we just speed up this mass crypto adoption already?
Crypto addiction is a real thing and it should get more attention
The US House just voted to block any amendments to the Infrastructure Bill. It looks set to pass as it is, in a big set back for the Crypto community.
Why using the ETH network is worse than a punch in the guts
92% of all crypto projects failed in 2018 - so ask yourself if you really want to hold smaller cap altcoins for many years.
Harmony ONE - a deep dive
Tether is now Blocking everyone on Social Media who Demands for Transparency and Audits of their Coin
Adult industry + Crypto adoption
Five years ago, Vitalik Buterin revolutionized decentralized exchanges with a short Reddit post
Sage advice from the big 2018 crash: Before every fomo, ask yourself some important questions
Your daily dose of Crypto - Aug 24
El Salvador President tells serial Bitcoin hater economist to "Go Take Your Pills" ��
Found this neat tool which analyzes Reddit account, thought it would be a nice way to find bots.
The most controversial topic
An Enhanced DCA Strategy I Hope You Will Like (With pictures!)
Kraken Donates $250,000 To Advance Ethereum 2.0 Blockchain Upgrade Efforts
Any projects in the top 100 you expect to move up the ranks into the top 10?
Official Visa Twitter account changes its profile pic to an Ethereum-based CryptoPunk NFT
Let's do something different. What coin do you think will crash into the floor?
37% Of U.S. Investors Decline To Liquidate Cryptocurrency Assets in Bearish Situations
Budweiser Buys Beer.eth Domain Name for 30 ETH Alongside NFT
Drug Dealers Become Millionaires in Prison After Government Hodls Seized Bitcoin for Them
We need to completely understand how cryptocurrency really works before we invest, so I’m gonna drop this link, this is an (MIT) open course it’s 25 classes long, it’s imparted by the current SEC chairman and everyone should take a lil bit of time to watch it all through a month
200 Bitcoin ATMs installed in El Salvador ahead of legal tender adoption

Announcing r/CryptoCurrency merchandise and a design contest!

Posted: 23 Aug 2021 05:59 AM PDT

For too long, cryptocurrency merchandise has been lacking. You can buy merchandise with the design of a specific coin, but there really isn't a good design out there that represents "cryptocurrency" generally. Putting several logos together in one image is pretty meh.

Eventually we had an epiphany. The logos and materials that we use for the r/CryptoCurrency subreddit are quite good images that signify "cryptocurrency." One thing led to another, and after a few conversations with CypherMarket, we are now offering merchandise with r/CryptoCurrency designs! You can now finally wear cryptocurrency merchandise that isn't focused on a single project!

Check them out! https://www.cyphermarket.com/rcryptocurrency/

Our initial collection includes shirts, hoodies, mugs, and stickers :)

Make some designs, win MOONs!

We aren't the best artists in the world; luckily, we have one of the largest communities in the world! If you create amazing images to use for merchandise, we may decide to send you up to 1000 MOONs for each design to provide us with an exclusive, non-revocable, assignable, worldwide commercial license. We encourage people to submit designs in this thread, but you can alternatively send us a message.

You can make any SFW designs you like related to cryptocurrencies, complex or simple. You must have full rights to the images.

We encourage non-MOON related designs for now. The MOON logo is owned by Reddit, so we must seek special permission from Reddit to use designs that include the logo. Expect submissions including the MOON logo to not qualify for the design rewards. You can submit MOON designs, but we may not be able to use them. We need to respect Reddit's position here and follow their lead.

Images can be made for all sorts of merchandise, including shirts, hats, mugs, stickers, bags, and more. We will work with CypherMarket to make the merchandise if there is demand.

How does everyone benefit?

We have a specific community account to hold MOONs for r/CryptoCurrency community-building activities. Historically, MOONs in this account have supported initiatives like these design activities, trivia rewards, Discord participation rewards, the Cointest contributor rewards, and more. With proceeds coming in merchandise purchases too, we can further increase these community rewards through more giveaways and incentives.

CypherMarket is a great merchant who contributes 50% of their profits to relevant open-source projects and communities. In this case, they are going to purchase MOONs with 50% of their profits and send them to the community account. This will help us promote fun activities in the subreddit! Moderators do not get any side benefit.

These MOONs will not be purchased today, since MOONs are still on testnet, and MOONs are not listed anywhere convenient. It will happen in the future once/if listed somewhere within the next 5 years (quite likely imo).

What forms of payment do they accept?

You can buy merchandise with Monero and credit cards. CypherMarket has agreed that they will make commercially reasonable attempts to accept MOONs directly once they hit mainnet.

Solving the Blockchain Quadrilemma

Harmony ONE is the world's first sharded proof-of-stake (PoS) blockchain network - which attempts to solve the "blockchain quadrilemma" - the ability of a network to be simultaneously scalable, secure, decentralised but also private (Source). For those unfamiliar: sharding is a way to partition the network into independently acting entities. ONE places heavy emphasis on interoperability and cross-chain finance.

ONE's transactions per second (TPS) is 2k, with a 2s finality. In terms of finality, this ranks ONE toward the very top. 2s finality is achieved using an improved version of Practical Byzantine Fault Tolerance, known as Fast BFT (FBFT) - built and pioneered by ONE (Source). ONE currently operates 4 shards, each with 250 nodes and each adding 500 TPS. ONE ultimately aims to scale to 2000 shards - supporting 1m TPS (Source). Transactions cost 0.000025 ONE (~$0.0000027) and ONE is currently experiencing ~800,000-1m transactions per day. To put that into perspective, ETH and ALGO process 1.5m and 1m respectively.

Main Conclusion: ONE is a fast and scalable "Blockchain 3.0" project.

Effective Proof-of-Stake & Decentralisation

ONE uses effective proof-of-stake (EPoS) as a consensus mechanism, which employs economic incentives and cryptographic randomness to achieve decentralisation + security (Source). EPoS differs from regular, delegated PoS (dPoS) in a number of ways, including:

APY % and rewards are proportional to the effective stake, not the actual stake - ensuring rewards are fairly distributed. Small stakers are disproportionately rewarded with higher APY %, and large stakers are heavily penalised. The latter, importantly, incentivises large validators to run multiple nodes - a key component to ONE's decentralisation model (see below).
ONE randomly allocates 250 nodes to each shard in an unbiased, unpredictable manner using a verifiable delay function (VDF). A large validator, running multiple nodes, is, therefore, unable to carry out an attack since their nodes are likely to be distributed among multiple shards. Following the conclusion of each epoch (~18h), the nodes on each shard are shuffled once again.

Running a ONE node is technically permissionless and a minimum of 10,000 ONE (~$1100) is required (Source). In reality, because of the limited number of validator spots (due to operating only 4 shards at present), the pragmatic amount is likely ~$40-50,000+ worth of ONE - a steep entry price, although lower than the 32 ETH ($110k) required by ETH 2.0. Places are bid upon, and successful bids become 'elected' validators.

It's important to note that sharding is not yet battle-tested and is a relatively new technology.

Main Conclusion: ONE's EPoS consensus mechanism, combined with randomised shard membership, improves upon dPoS and its drive toward centralisation over time.

Staking Rewards, Governance & Tokenomics

ONE currently offers staking with an average APY of ~9% (depending on which validator you choose). However, the staked coins are not liquid - there is a lockup period of 7 epochs (~5.25 days), although you can re-delegate to a new validator after 1 epoch. ONE launched a network governance app in Mar 2021 - where elected validators submit and vote on proposals (Source). A major point of concern here is that only validators can vote i.e. delegators are at the mercy of their validator's choices.

ONE has a current maximum supply of ~13,000,000,000 (13b) coins, and ~83% of the supply is circulating. However, akin to ETH/ETH2.0, ONE has no fixed total supply. Instead, it has a ~3% annual issuance and 441m ONE are added per year. This is to ensure a simple and predictable return for all stakers. Critically, all ONE transaction fees are burnt - which, like EIP-1559 for ETH, may lead to zero inflation with high network usage.

Main Conclusion: ONE offers highly competitive staking APYs and is exploring a limited form of decentralised governance.

Bridges, Developers & Ecosystem

A key tenet of ONE's philosophy is cross-bridge finance and interoperability. ONE connects any PoW or PoS network in a fully trustless and highly gas-efficient manner.

In addition to its own Harmony Virtual Machine (HVM), ONE is fully Ethereum Virtual Machine (EVM) compatible - so it not only acts as a blockchain in its own right but also as a Layer-2 solution for ETH with rapid finality on Ethereum (~6m) and lower bridge gas-fees (~400 gas per tx) (Source). For the sake of perspective, all pre-existing L2 solutions for ETH offer considerably slower finality: ZKSync (16m), Validium (9m), Optimism (5-7d), Polygon (3.5h). ETH developers + DApps are able to instantly migrate to ONE, without code change, and enjoy faster execution of the EVM. An example of an ETH DApp that has already been ported to ONE is Lympho.

ONE also operates a bridge to BSC and in Q3-Q4 2021, ONE will launch a fully operational bridge to BTC. To further facilitate this, ONE offers wrapped "harmonized" versions of major tokens (e.g. 1BTC).

~68-70 DApps currently operate on ONE, including yield farms, DEXs and DeFi protocols - all of which enjoy high TVL. Sushiswap, the second most popular DEX, recently launched on and partnered with ONE - bringing $2m in liquidity mining rewards and $100,000 as prizes in a joint hackathon (Source). In addition, ONE has seen ~$600,000 in NFT sales, from ~2300 artists.

As with many protocols, ONE is integrated with LINK, Polygon, Aave, and a myriad of stablecoins and on-ramps (Source).

Main Conclusion: ONE is intimately connected with all major blockchains, and can act as an interoperability hub.

Privacy

To solve the 4th aspect of the blockchain quadrilemma, ONE is integrated with and is funding multiple privacy solutions and will be one of the first projects to deploy private, cross-bridge transactions. Such efforts include partnerships with Webb (Source), Incognito Wallet (Source) and Raze (Source) - the latter will allow private transactions with the entire DOT ecosystem.

Main Conclusion: ONE, along with other projects, is pioneering the concept of cross-bridge privacy.

Where does ONE fit and what's next?

ALGO, ZIL, ETH 2.0, ADA, SOL, XTZ, FTM, AVAX, ATOM, DOT etc. - ONE is trying to compete in a very crowded space. Despite spectacular technology and efforts to facilitate private cross-chain transactions, ONE, in my opinion, is struggling to find an identity - a unique feature that makes it stand out. Coupled with a lack of advertising and a limited number of major partnerships, these are the major drawbacks of ONE.

However, ONE may be about to distinguish itself: ONE's team acknowledges that accessibility and ease of use are major barriers to mass adoption. They're addressing this in two ways:

ONE offers .one domains as unique NFTs. Any user is able to claim a domain (e.g. Example.one) and use this as a public key for receiving transactions. A similar feature is available for ETH and other projects, however, unlike ETH - domains are available for the tiny cost of a single transaction.
Setting up a wallet, storing a seed key, ensuring the correct TX addresses etc. are tasks far beyond the technical capabilities of many. In Q3-Q4 2021, ONE is launching a new on-chain wallet that is seed key-less, but which remains cryptographically secure and can be restored in a more familiar manner (i.e. with an authenticator) (Source).

Using these two approaches, ONE aims to onboard 1M users in 2021.

For the remainder of 2021, ONE's roadmap also includes launching digital identity protocols, a bridge to DOT and BTC, cross-chain NFTs, options for a truly private wallet and more: (Source)

Final Conclusion: ONE has fantastic technology and a solid team, but it must distinguish itself and acquire major partnerships before it can be considered a premiere chain.

submitted by /u/Zarkorix
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Tether is now Blocking everyone on Social Media who Demands for Transparency and Audits of their Coin

Posted: 24 Aug 2021 01:41 PM PDT

submitted by /u/Dwez1337
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Adult industry + Crypto adoption

Posted: 24 Aug 2021 02:42 PM PDT

One way we can promote cryptocurrency is through the people in the adult industry. All the people who ask you to donate to their page - Ask them if they take crypto. If you want you can even help them set it up. There are crypto friendly sites they can use like Onlycoins or Naftyfans. Think of the size of that industry. If they all opened wallets we'd have global adoption tomorrow.

So if you want to help message your favorite content creators and offer your services to them.

{posting for a friend}

submitted by /u/ZER0SE7ENONETH
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Five years ago, Vitalik Buterin revolutionized decentralized exchanges with a short Reddit post

Posted: 24 Aug 2021 12:45 PM PDT

Vitalik is of course best known for founding Ethereum. However, today I learned that he also figured out the math and mechanisms to make future DEX'es like Uniswap actually work well.

Before his Reddit post, decentralized exchanges were in a terrible state, with massive spreads and fluctuations. The XYK idea spread quickly and drastically improved status quo.

So without further ado, here is the history-making post: https://np.reddit.com/r/ethereum/comments/55m04x/lets_run_onchain_decentralized_exchanges_the_way/

Yet another reason to love our dear skinny king.

submitted by /u/unprotextor
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Sage advice from the big 2018 crash: Before every fomo, ask yourself some important questions

Posted: 24 Aug 2021 06:44 PM PDT

Jan 2018, I was riding high. Had just sold LTC for $300 several months after buying it for $40. A 700%+ gain in such a short time, it's the kind of thing most stock market people only dream of. I had bought low and sold high. Damnit what a rush!

But I was not yet an experienced cryptonaut, and was suddenly reading about how big Ethereum was going to get, how it was going to rewrite the internet as we knew it, and how it would become so scare that it threatened Bitcoin's dominance. I read, and I read, and I read some more. Ethereum was going to be like investing in Apple in 1982, but bigger, and faster. It would be a game changer unlike any other!

I did my own research

So what did I do? I bought in at $1310. I had to, after all. It was about to reach escape velocity, right? Right??

Narrator: "He would not, in fact, be right."

You know the story. The Bull ended. ETH fell off a cliff. Week after week after painful week. $1100. $950. $750. $500

For those who haven't experienced it before, watching your investment crater is numbing. It feels unreal. There's a denialism that begins with "OMG I could have bought so much cheaper," and steadily moves towards "This thing won't go to zero… will it??"

When Eth finally bottomed i could have bought 13X the amount of ETH for the same Money. It was too early, in a market too bullish, too Irrational, and ETH was way too expensive.

So what did I do? I sucked in my teeth, shrugged my shoulders, and said "I still believe this is going to succeed." I hodled, down 93%. And today, well you know where ETH stands.

I think it's important for the n00bs and the Cardanonites and everyone else to remember a few important points with all the people asking now if Cardano is a buy or if they should buy in while the market is pumping. If you are going to do more than DCA, if you have a lump sum you want to drop on a coin, ask the following:

-If this doubles, will I sell some to ensure profits?

-If this triples and I sold some at double, will I be able to be grateful for my gains?

-If a big FUD incident happens (exchange hack, ban in a country, investigation by government etc.) will I be able to shrug it off?

-If the coin drops, will I regret getting in at this price? If it continues to only go up, will I regret sitting on the sidelines more?

Am I -only- putting in money I 100% dont need and can afford to 100% lose?

If there is a total crash, and my coin drops 75/85/95(!) %, will I have the belief in it and the confidence to know that I will hold on no matter what?

If any of these are a no, then think long and hard about fomoing. Anything could happen. Tether could blow up tomorrow. Maybe Binance gets hacked for 5 billion. Maybe Coinbase gets ransomewared. The future in uncertain and crypto can be downright terrifying at times.

As a wise man once said "This ain't no party, this ain't no disco, this ain't no foolin around."

Make sure you aren't either.

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Your daily dose of Crypto - Aug 24

Posted: 24 Aug 2021 05:39 AM PDT

Your daily dose of Crypto

The total market cap stood at $2.2 trillion and is down by 1.3% in the last 24 hours.
BTC is facing resistance at $50k as the short term rally stalls, where as ETH is facing resistance at $3.4k.
LUNA has set a new ATH of $34.25 and is up by over 16% in the last 24 hours. link
Tezos blockchain has been selected as a partner to provide tokenized assets to institutional clients by a group of Swiss Fin-tech companies. link
Newsletter platform Substack has announced that it will accept Bitcoin for payments using the Lightning Network for a limited number of publishers. link
The majority of respondents of a survey of 2,500 Brits are more apprehensive towards "Britcoin", the CBDC planned by Bank of England. link
In India, a new wave of young investors from non-metro cities have increasingly trading cryptocurrencies and stocks since the Covid-19 outbreak. link
El Salvador's president has insisted that using Bitcoin as a legal tender won't be compulsory in the country, in contrary to what the law says.
The saga of the Poly Network hacking has come to an end, as they announced that the hacker has returned all the remaining funds on twitter.

Edit: I think this was my first Your daily dose of Crypto

submitted by /u/Aegontarg07
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El Salvador President tells serial Bitcoin hater economist to "Go Take Your Pills" ��

Posted: 24 Aug 2021 08:11 PM PDT

Steve Hanke is a serial bitcoin hater who has been on the wrong side of the history for half a decade now, and like many on the losing end of this debate, their ego is too much to admit they are wrong.

Hanke has been attacking El Salvador ever since the small country announced their pro-Bitcoin laws, making bitcoin a national currency. In the latest attack,

In the latest attack, Hanke calls Nayib \"incompetent and cllueless\"

In reply, well.. the perfect reply to troll haters and pseudo economists.

You should really go and take your pills.

This comes after an earlier exchange where Nayib asked "Who is this boomer" lmao.

Steve Hanke was trying to use IMF to attack El Salvador's pro-crypto laws

submitted by /u/DetroitMotorShow
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Found this neat tool which analyzes Reddit account, thought it would be a nice way to find bots.

Posted: 25 Aug 2021 01:50 AM PDT

https://reddit-user-analyser.netlify.app

So it analyzes a user's recent 1000 comments and posts to make a decent chart about comment/post activity, most used words and even checkout the average comment karma earned per comment.

It's useful for both moon farmers like myself, and for finding these bots that people say comment on threads and daily threads.

My favorite is the kindness meter which shows how kind you're, followed by the comment karma graph, which helps me improve my comment quality.

I really don't know why we have 500 character cap now, it was so nice before. Thus I'm writing this wall of text to cover the cap.

submitted by /u/_DEDSEC_
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The most controversial topic

Posted: 25 Aug 2021 12:45 AM PDT

This idea could get you killed around here but I am going to say it anyway.

Don't be afraid to sell and realize some of your profits.

We are all told to HODL until we are 95 years old, but let's be serious for a second. Some of us have lives that require money today to fund. If you need to sell or even want to sell to enjoy some profits today then DO IT! Don't be afraid to jump back in later but please don't HODL until you are dead and buried and can't enjoy a single bit of profit then. That's it.

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An Enhanced DCA Strategy I Hope You Will Like (With pictures!)

Posted: 24 Aug 2021 10:00 PM PDT

Pre-post edit: This took me longer than I thought it would to type. I drank two more whiskey drinks than I thought it would take. I'm sorry for the typos, but take it easy on me, please. /edit

This is my first in depth post, so take it easy on me. I am by no means a seasoned trader but I listen to what r/cc has to say and I've adapted the traditional "DCA & HODL" strategy to what I would consider an enhanced, non-traditional Dollar Cost Averaging Strategy.

I'm not gonna pull a fucking recipes.com life story here, so if you don't mind let's get to the brass tacks.

TL:DR or 'My brief summary'

I believe there is a more efficient way to 'dollar cost average' than the traditional way which involves buying when the 90 Day Simple Moving Average is trending downwards (less than the day before). /tl:dr

Traditional Dollar Cost Averaging (DCA) involves buying an asset class at set intervals (Daily, Weekly, Monthly, etc.) to remove the anxiety/hesitation of buying when market swings make it seem it would be disadvantageous to buy (e.g. I buy $50 bitcoin every week on the same day at the same time no matter the price).

I have analyzed various versions of DCAing and the MOST PROFITABLE strategy is to make buys of your asset class when the 90 Day Simple Moving Average is decreasing.

Why 90 Days? Compared against 50, 100 and 200 Day Simple Moving Averages; 90 was a sweet spot that allowed for the highest Return on Investment (ROI) than 50, 100 and 200D MAs.

I PROMISED PICTURES

Simple DCA Strategy - '$10 DCA Every Day'

The first strategy I looked at was a simple DCA strategy. What if I invest $10 everyday in Bitcoin from December 16, 2017? The closing price for BTC on that date was then at an all time high (ATH), $19,166.98. I ran this simple investment strategy in which I bought $10 of BTC everyday until August 22, 2021. What I found out was this:

Invested - $13,450
BTC accumulated - 1.55235798
Portfolio value (August 22, 2021) - $78,015.94
Dollar Return on Investment (ROI) - $64,565.94
% ROI - 480%
Cash on Hand - $0

If you've read this far, thank you, all my data is pulled from historical closing prices on CoinDesk.

BTC Accumulated and Amount Invested (December 16, 2017 through August 22, 2021)

Portfolio Value / Dollar and Percent ROI (December 16, 2017 through August 22, 2021)

This simple DCA strategy is why it is so popular.

It WORKS!

But it is not the best strategy according to the 'research' I've been doing.

Simple 90 Day Simple Moving Average - 'Closing Price (BTC) Less than 90 Day Moving Average'

Below is a simple graphical representation of the strategy I am about to describe. It may be antithetical to the traditional DCA strategy to find a reason not to buy, almost heretical, but stay with me here while I take you through the alternate strategies I explored when comparing DCA strategies (DYOR right?)

Closing Price versus 90 Day Simple Moving Average

The idea illustrated above is to DCA when the graph is in the green, meaning the 90 day moving average (orange line) is more than the daily closing price (blue line). I know the line color is hard to see, but the 90 day moving average is the smooth line that divides green and red. The blue line is the squiggly line that bisects the orange line and outlines the outer portions of the green and red areas.

In this DCA strategy, we buy $10 of BTC every day our closing price is less than the 90D MA (green areas). In the red areas, we suspend our DCA buys and accumulate those $10 daily contributions for future DCA buys.

What I found out was this:

Invested - $6300
BTC Accumulated - 0.88087648
Portfolio value (August 22, 2021) - $44,269.69
Dollar Return on Investment (ROI) - $37,969.69
% ROI - 603%
Cash on Hand - $7150 (available for future DCA buys)

Compared to the simple strategy this strategy is undeniably better. The ROI percentage is 1.25X better than the simple strategy of $10 every day. Meaning if you invested $100,000 every year (I know, I know), you would make an extra $25,000 by DCAing only when the closing price is below the 90 day simple moving average.

Opposed to... ('Closing Price MORE than 90 Day Moving Average')

I will not spend much time on this strategy because it's the oh so popular, "BUY HIGH" strategy. Humor me though. If we were to buy $10 BTC on days the closing price of BTC was more that the 90D SMA; and on days that the closing price was less we saved the $10 for future contributions, this is what it would look like:

Invested - $7150
BTC Accumulated - 0.67148150
Portfolio value (August 22, 2021) - $33,746.25
Dollar Return on Investment (ROI) - $26,596.25
% ROI - 372%
Cash on Hand - $6300 (available for future DCA buys)

The moral of the story here? If you DCA, in even the worst possible way, you'll still look like a genius to your friends.

MY STRATEGY...FINALLY (AND I'M SURE I DIDN'T INVENT IT), THE ENHANCED DCA STRATEGY WITH BUYS WHEN THE %TREND OF THE 90D SMA IS DECREASING

I know this is a long way to read to get to my point, but it is worth it...I promise (slightly). Take a look at the chart below.

%Trend 90D SMA with Daily Closing Price and 90D SMA

This is very similar to the previous chart. Notices the Red/Green areas are now tied to what I call the '%Trend 90Day Simple Moving Average'. This is a simple calculation that compares the current 90D SMA to the previous day's 90D SMA. If the 90D SMA today is $36,000 and yesterday's was $36,605, the '%Trend' would be a .0001% decrease in 90D SMA. In the situation the %trend decreases (red areas) I would purchase $10 worth of BTC. If the %Trend were to increase (green areas) I would save $10 for future purchases.

What I found out was this:

Invested - $6220
BTC Accumulated - 0.88559445
Portfolio value (August 22, 2021) - $44,506.80
Dollar Return on Investment (ROI) - $38,286.80
% ROI - 616%
Cash on Hand - $7230 (available for future DCA buys)

On the surface this seems like it would be almost the same as just buying when the closing price is less than the 90D SMA, with an %ROI of 616% versus 603%. I must admit, this seems like a point where the difference doesn't seem to matter. But one strategy is better, statistically. When we are talking about $300 DCA every month with $10 daily contributions, one is barely better than the other, but it is better. That is were the wealthy make their money, because that 13% is the difference of $130,000,000 on a $1 Billion dollar investment. I guarantee the super rich care, which is why it should matter to you (you know...since they are the great manipulators).

IT'S NOT ALWAYS ABOUT THE HIGHS

We're almost to the end. I promise. So why does this 13% matter? If you have ever shot a rifle over a long distance, you have experienced the fact that the further the bullet flies from you, the more aiming matters. If you are a foot away, just point and shoot. If your target is a mile a way, a chill on your neck moving your aim the width of a hair will throw your shot down range off by METERS!

We are still coming out of the red area in my strategy, and my strategy is as close to the 'source of the shot' as you can get. This strategy will set you up for a better ROI when we are on top again. Look at the chart below for example. This is the "crash" on December 15, 2018 when the closing price was $3194.96 (I know...I'm kicking myself in the ass too).

Still not much, but it's honest work

My strategy out-performed the next best strategy (when you DCA on closing price being higher than the 90D SMA) by 1.28%. It out performed the Simple DCA Strategy by 4.63%. That matters when you are talking about serious moolah. Where does my strategy take you when we hit our most recent ATH? We closed at $63,346.79 on April 15, 2021 (source: CoinDesk).

Around the time I FOMO'd after Swing Trading

This is where my strategy matters and is at its most effective. Far away from where we shot the DCA bullet. Contributing on the negative %Trend is a difference of 39%.

Compared to the Simple DCA Strategy it is 235% more effective!

CONCLUSION...FINALLY

First off, thank you for reading this, and if you like my post, I'm glad I could contribute positively to the sub that got me going down this rabbit hole. It's pretty easy to see that DCAing when the price is down is a good idea. I've given two great ways to DCA opposed to a Simple DCA Strategy.

I suggest DCA only when the %Trend on the 90D SMA is declining, simply because the down-stream rewards are statistically better.

This one again

and this one

DCA and HODL!!! Purists

I love y'all, I really do. But...if we follow the $10 everyday ($300/month) strategy I end up with what seems like a whopping chunk of change.

$64K+ profit vs $38K profit versus my dumb strategy. The dollar ROI looks good, but the only one that matters is %ROI. If I took the exact same $13,450 invested into the simple DCA strategy and put it into my strategy, I would have a $ROI of $82,852.00 -or- $18,286.06 MORE than the simple DCA strategy in about 3.5 years with a monthly DCA of $300.

And not to kick you while you are down, I would also have $7230 in cash saved up for the next opportunity, let's say if ETH becomes a clear cut favorite ;), versus the $0 I would have in cash with a simple DCA.

So all I ask is this; If you think $25K is worth it on $300 a month in 3.5 years, give this a shot. If not, no skin off my back, just wanted to share with a community that has taught me so much.

post-script

I welcome all feedback, but this took me a few hours to compose so like Forrest famously said "I think I'll go home now".

I look forward to hearing what your strategies are and what you think of mine.

Y'all have a good night...and here's to 100K, cheers!

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Kraken Donates $250,000 To Advance Ethereum 2.0 Blockchain Upgrade Efforts

Posted: 24 Aug 2021 11:08 AM PDT

submitted by /u/kaguna14300
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Any projects in the top 100 you expect to move up the ranks into the top 10?

Posted: 24 Aug 2021 02:51 PM PDT

So as the title suggests, some coins/tokens have fallen out of the public's favor and made way for projects with active Devs and constant tech updates.

On one side we see Tezos closing in with asset Tokenization We've seen Terra tokens boom alongside the NFT craze We've also seen the Theta Token backed by over a million monthly users on their platform with the possibility of adoption by major streaming services And Polygon ready to move leagues forward if anything goes wrong with the ETH transition

So my question is, what do you see outperforming it's way into the top 10 by marketcap over the next 5 years or so?

submitted by /u/nebula21399
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Official Visa Twitter account changes its profile pic to an Ethereum-based CryptoPunk NFT

Posted: 24 Aug 2021 12:57 PM PDT

submitted by /u/aminok
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Let's do something different. What coin do you think will crash into the floor?

Posted: 24 Aug 2021 11:48 PM PDT

After seeing "What coin will reach top 10/100, into the moon etc." threads every single day, let's see what projects are headed straight down into the dirt.

I know there are a ton of projects out there and chances are that 9/10 will simply fade away in a year or two.

What's the latest controversies? What flaw do they have in their code or roadmaps. What biases do you have towards these coins. What coins are just completely useless or just worse versions of others? What coin simply won't keep up after this bull run ends?

submitted by /u/pls_send_subway
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37% Of U.S. Investors Decline To Liquidate Cryptocurrency Assets in Bearish Situations

Posted: 24 Aug 2021 09:06 PM PDT