Cryptocurrency Daily Discussion - August 21, 2021 (GMT+0) |
- Daily Discussion - August 21, 2021 (GMT+0)
- "I've been heavy into crypto for 5 years"
- The level of post karma earned in this subreddit is at an all-time low
- Unpopular Opinion: Moons are just as shit as Safemoon
- What I Learn From Few Days in Here
- I am in my 40s and I just want to buy a house for my family
- $345 Million in Bitcoin shorts Rekt as price breaks hard resistance at $48,000 USD
- Yes, I’ve been in crypto for more than 5 years and I’m not rich.
- Anybody else hoping to use their Crypto to buy a home?
- El Salvador calls US economist boomer for criticizing the bitcoin law
- Alt coins outperforming BTC and ETH indicates that the market is highly bullish and potentially overextending into greed - maintain your plans to diversify appropriately and avoid fomo.
- The CryptoCurrency that positions itself as the first major payment method for porn will be the one that ultimately wins
- I have been in crypto for a while, enough to retire early. No, I dont need to be on a tropical paradise with coke & hookers. I still like to discuss crypto and shill a shitcoin or two
- My bank notified me that a transaction was "approved". My Bitcoin wallet notified me that a transaction was "confirmed". The difference is subtle yet huge.
- What was the worst decision you made when crypto trading?
- I have used and reviewed every major crypto debit card so you don’t have to!
- Don't invest on advice from reddit people
- Ethereum is 61% of the smart contract market by market capitalization.
- If you send your crypto, you will never receive it back
- An rock NFT was sold for 125 ETH
- Coinbase just introduced the Account Guarantee for UK customers. If your account gets hacked, Coinbase will reimburse you up to £150.000.
- Something is very very wrong with society
- South African Man Loses $900,000 Worth Of Bitcoin After Accidentally Deleting Keys
- Friendly reminder that moonshot millionaires are significant outliers. Do not beat yourself up over missed opportunities.
- Biggest ever rug pull in Solana ecosystem steals nearly $10 million
| Daily Discussion - August 21, 2021 (GMT+0) Posted: 20 Aug 2021 05:00 PM PDT Welcome to the Daily Discussion. Please read the disclaimer, guidelines, and rules before participating. Disclaimer: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:
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| "I've been heavy into crypto for 5 years" Posted: 20 Aug 2021 01:04 PM PDT I see this comment in almost every thread as if it's some kind of authority Either you're lying, or you're a really bad investor. Former or latter, everyone should ignore whatever comes after it BTC has gone up over 8000% in the last five years ETH has gone up almost 30,000% in the last five years If you were heavy into crypto and had half decent advice to offer, you would be in a tropical paradise and way too busy with coke and hookers to come to this cesspool of moon farming [link] [comments]  | ||
| The level of post karma earned in this subreddit is at an all-time low Posted: 21 Aug 2021 01:23 AM PDT
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| Unpopular Opinion: Moons are just as shit as Safemoon Posted: 21 Aug 2021 01:44 AM PDT This sub is rather strange in that it will celebrate Internet Forum upvote points (moons) whilst lambasting Safemoon. I guess moons have a slight upper hand by the fact you can earn them for free*, but that doesn't make them valuable. All the questions you ask of safemoon, you don't believe apply to moons. Why? You goddamm cultists. Safemoon has mega whales! Oooops so do the mods. Safemoon has zero utility! Oooops neither do moons. And don't give me that crap about people in 3rd world counfries feeding their families with Internet upvotes. I'm offering you my two cents because you'll inevitably need it when moons go to zero. (*free only if you place zero value on your own time. Shit posting isn't actually a meaningful way to spend your life) [link] [comments]  | ||
| What I Learn From Few Days in Here Posted: 20 Aug 2021 04:02 PM PDT BTC good DOGE bad ETH good BNB bad MOONS good SAFEMOON bad ADA good ICP bad Coinbase good Binance bad Kraken good Robinhood bad DeFi good Central Bank bad CoinBureau good Bitboy bad Michael Saylor good Elon Musk bad Jack Dorsey good (edit: look this is a mistake, I assumed wrong, please put down your pitchfork 😢) Mark Zuckerberg bad /r/cryptocurrency good /r/bitcoin bad Buy the Dip good Panic Sell bad Diamond Hand good Paper Hand bad Your keys good Not your keys bad EDIT /u/lpenguin42: Vitalik good /u/willingfact: ALGO good [link] [comments]  | ||
| I am in my 40s and I just want to buy a house for my family Posted: 21 Aug 2021 02:24 AM PDT We are a two salary family, we both work full time and earn a decent wage. We save hard, salary sacrifice as much as we can and are careful with money. But the property market in our city is insane. We are continually priced out. We rent in the suburbs and our owner has just had the property we live in valued at $1.8m AUD. When we moved in two years ago it was valued at $1.2m. Every time we think we are on track to have a deposit saved, the market goes nuts again. 4 months ago I started my crypto journey, I am eventually seeing profits grow and it is my hope upon hope that if I keep holding - eventually we can buy our own place 🤞 I don't want a lambo or anything big and fancy, I just want our own place. Who's with me? [link] [comments]  | ||
| $345 Million in Bitcoin shorts Rekt as price breaks hard resistance at $48,000 USD Posted: 20 Aug 2021 07:59 AM PDT https://www.bybt.com/LiquidationData The hard resistance has finally broken through $48,000 with buy signals still heavily in the green as the wider crypto market is pushing upwards. If we push past $50,000 with little to no resistance the next sell wall will likely be somewhere around $53,000. Prices across the crypto board continue to increase even in the face of political and monetary uncertainty, with multiple countries struggling to get a solid hand on their financials, and spending trillions more through uncertain stimulus packages, with no end in sight. [link] [comments]  | ||
| Yes, I’ve been in crypto for more than 5 years and I’m not rich. Posted: 20 Aug 2021 03:47 PM PDT There is a post on the front page currently which states you should be rich from crypto if you've been in it for a few years. Let me tell you why you don't understand. Some of have made many mistakes. The silver lining is that some of us learn from our mistakes. My diamond hands were forged in the fires of repeated failures to hodl. Us old timers can show you the way. ?2009 - I was hearing about crypto. Seems like people were using it for darkweb stuff. Not interested. 2013/2014 - I have money enough to invest here and there (small amounts), looked into buying. I came to the conclusion that mining was too hard. Literally told my friend "the bitcoin ship has sailed" It was different back then. This is a tech thing and it didn't really have financial people in it. Not many people understood what the market might do. Those visionaries that did were people like Vitalik. Some of us are not on that level. 2014 - been reading about it enough to finally invest something. Started with $1000. When I started you literally had to wire money to some shady bank account. Or meet up and swab USBs or keys with someone. It took days to get in and out sometimes. At various points, banks would close your account if they saw you sending money to exchanges. $1000 was more like $900 by the time I'd transferred to the US and then it was converted to usd was maybe 700. Enough to buy 1.5 btc roughly. I was buying it when a bunch of places were still calling it - from memory - XBT - naming hadn't even been sorted out. 2015 I sold. $500 per coin, sure, but watch bitcoin NOT move in price after a year or two. Exchanges would collapse after not long (Mt Gox - which was handling 70% of volume - imagine if binance and coinbase got hacked… yea you'd consider selling too). I went through old emails from me to friends and family after I found out about bitcoin and did my research, I told everyone. No one supported me. NO ONE. When you're met with resistance from many different quarters from people you respect and who are themselves finically successful, who is a kid to stand up to that? I think if you'd grown up in San Francisco with flying cars and personal assistant robots maybe it would be easier to have lived and seen technology change the world, seeing start ups etc. Back to New Zealand, living in a country where no one ever spoke about this shit other than to deride it was a totally different time. Add into that you buy btc but it doesn't appreciate in price for a year or two and you watch exchanges fail one by one… you start to say "I guess I could use the money elsewhere, like paying bills". I wasn't engaged with the Reddit community much then and there was a feeling you really shouldn't trust magic internet money. So, after watching Mt Gox fail, seeing the US at the time taking quite a negative stance on crypto people were thinking it's just dodgy internet money for the dark web. It was a very negative time. For those of us who were open minded enough to get in early there were many quite reasonable rationalisations as to why it would fail. History repeats. Come 2017 things went well for a bit, bought in just before it went crazy. Heard about Raiblocks (now called nano) and thought this tech could change the world. Then I bought Raiblocks/nano all the way up thinking it was an amazing technology. But I bought it on bitgrail. Then "we suffered a stolen". I lost everything. Maybe not much if you're a whale and I was investing spare money but I went in pretty aggressively. You had to buy the random tokens off some random sites as they weren't on the main exchanges. Yes, shouldn't have bought from that exchange - I know. Some of us lost big. Some whales were made. It hasn't all been sunshine and roses. It's been hard and lots of us have made many mistakes. Those who succeeded were also lucky. I just happened to avoid Mt Gox the first time. It's easy to see how crypto is the future now. But you're using the current situation to judge how it felt back then. Loads of people lost keys, they bought and sold and used it for buying random shit off Silk Road. Not many thought it would be the future of money. I thought it had a future back then but didn't really know about investing. Point is: if you invest when it's risky you win big. If you invest once it's a sure thing you're going to have less potential rewards and less potential risks. Stick to the rules in crypto. Only invest what you can lose. Mistakes are how you learn. Cold wallets. Not your keys not your coins. Many of us are using this path as a way to potential financial independence, we should be helping one another and enjoying the ride. Good luck everyone! Edit: one thought I had after writing this was buying crypto for me back in the day would be like buying some random altcoin right now. Just pick one randomly and put your money on it. Pretty scary! That was how unknown it seemed to me at the time when I first was reading about crypto. Second edit: I forgot about matic (polygon) - bought in 2019 at 2c, ran into financial difficulties with a project in the real world, had to sell, it mooned to 2.80 at one point. I've come to terms with it. Another one that would have made me a millionaire. Lol. Amongst my friends who invested early (started having crypto group chats 2017 or so) most of us have some horror stories like this. Nowadays, I buy and hodl. Third edit: I forgot about cryptopia - I also got hacked in that one! Lost maybe 1k so that wasn't a big deal. Didn't even feature in my top crypto memories. Reminisces Tldr: hodling is hard. I'm pretty typical for those who got in early. Lots of us screwed up. Don't worry, you have time. 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| Anybody else hoping to use their Crypto to buy a home? Posted: 20 Aug 2021 08:45 PM PDT Lambos are great and all, but if I'm honest I really want to be able to own a home one day. Plus, buying property will go up in value, while a Lambo will depreciate pretty fast. I feel like buying property is pretty much unattainable these days unless you have money from your parents (I don't). Crypto feels like the only real path to doing so. I don't know if I'll get there this bull run, but eventually i think I'll get there. [link] [comments]  | ||
| El Salvador calls US economist boomer for criticizing the bitcoin law Posted: 21 Aug 2021 01:17 AM PDT
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| Posted: 21 Aug 2021 01:58 AM PDT Many of us have BTC and ETH as main stays in our portfolios, with them having proven themselves to be arguably the two most likely to return consistent long term profits. But what does it mean when alt coins and smaller projects begin to outperform them? For me, the answer is greed - we are feeling very bullish. That's not a bad thing in itself, but it's worth noting what that can mean. Post crash, and as seen in the past primarily with BTC, the market recovery has been driven by the performance of BTC and ETH, their pumps directly correlate with the flow of the market and everything follows, they are essentially barometers for the market to test how bullish or bearish it's feeling. However, eventually the market gains confidence, and fast, and people move from safer bets and steadier returns in BTC/ETH, and with their newfound confidence venture forth toward alt coins which begin to present as more profitable. This is where greed begins to set in. Green days increase confidence, more profit is desired, so the rise of alt coins vastly outperforming the big boys indicates people are well beyond fear and the market sentiment is bullish. There is nothing wrong with diversifying, and I personally encourage it, but be mindful during this time that throwing everything you have into alt coins in this time is not a guaranteed 'money goes brrrrr' scenario; invest wisely and develop plans so that you don't fomo in. Because alts are pumping and people are feeling good, very good. TL:DR - Alt coins outperforming BTC/ETH indicates a highly bullish and possibly greedy crypto environment. Avoid fomo and maintain goals and plans to avoid overextending so that you diversify, but responsibly. [link] [comments]  | ||
| Posted: 20 Aug 2021 05:04 PM PDT Pornography is the reason why the internet made it outside of a few geeks' computer science labs, it's what drove innovation in online payment systems, and it's even why YouTube was created. Whether it's Bitcoin, Ethereum, Cardano, or some other coin that aligns itself with the porn/sex content creators industry, whoever it is is the coin you can bet your life will be worth 100x or more. [link] [comments]  | ||
| Posted: 20 Aug 2021 07:56 PM PDT BTC, ETH and other coins have been life changing, have created me enough wealth to just stop whatever I was doing and instead do what I love to do. At one point few years ago, I was literally hitting up every bounty campaign on bitcontalk or bounty0x to make additional income. Today, some of these bounties alone are worth few thousands dollaridoos. Literally free money for clicking couple of links and filling up forms. I dont have to go to a tropical paradise, even though I could afford to stay on one for a few years atleast. I have not cashed out completely from crypto, I dont plan to do either. The thought of not having any crypto alone makes me sick, also it would require me to give away 30% of my capital to the government for doing fuck all. The govt literally hindered crypto in every possible way, fudded it to death at times, called it a scam and other terms.... and now wants to get paid a nice chunk from the risk I bore entirely. Well they can get bent I am looking forward to more countries accepting crypto as tender, removing capital gains and accepting citizenship with it. El Salvador is a great start, and 3 BTC for its citizenship sounds great, even though it could be considered a high risk country to migrate to. When another country like Trinidad & Tobago decides it needs BTC, because it feels the pinch of inflation and economic slowdown.. a ton more people will migrate there. For a pleb like me, it is way more exciting to see a low cap altcoin go 100x and print wealth than it would ever be living in a tropical island blowing it all on hookers and coke. [link] [comments]  | ||
| Posted: 20 Aug 2021 02:52 PM PDT We are entering a new financial era, where we are the owners and managers of our money, if the banks do not adapt, they will do everything possible to stop us, this is only the beginning of a long battle. HODL for our future. [link] [comments]  | ||
| What was the worst decision you made when crypto trading? Posted: 21 Aug 2021 01:56 AM PDT Let's face it. No matter how good we think ourselves to be, we sometimes make mistakes when trading crypto. Some of us made bigger mistakes than others. So what is your story in regards to the worst mistake you made when crypto trading? [link] [comments]  | ||
| I have used and reviewed every major crypto debit card so you don’t have to! Posted: 20 Aug 2021 10:02 AM PDT
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| Don't invest on advice from reddit people Posted: 20 Aug 2021 11:30 PM PDT A broken clock is right twice a day. You could find a good investment, here. But let's be honest - Most people come here either to shill their coins, be funny or repeat the opinion of the community because they bought the opinion of others. 'Buy SOL and ADA, best investment!', yeah i don't think so buying the top is a great idea. Most projects get promoted when we already reached a critical price. So don't fall for it easily in expectation of easy profits. If you buy these shilled projects that already had a pump, you will surely make nice profits on the long run, if they have a working product. But who says you have such strong hands? If you want to make really good profits with an investment you have to look for minor projects, projects that fly under the radar yet, projects that didn't pump already. And to achieve this you have to do your own research and not listen to the opinion of the majority. [link] [comments]  | ||
| Ethereum is 61% of the smart contract market by market capitalization. Posted: 20 Aug 2021 09:33 PM PDT
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| If you send your crypto, you will never receive it back Posted: 21 Aug 2021 02:57 AM PDT We see countless victims who fall for these scams, you see them on YouTube adverts, to hacked YouTube accounts and through malicious bot posts/comments. I'm only reiterating about this type of scam as yet again another victim in r/cardano has fallen for an ADA giveaway scam sending a whopping 2500 ADA ($6200 worth) and is just left wondering how long it will be until they receive their doubled money. Cardano will never giveaway ADA, Ethereum will never giveaway ETH the list is endless. If an offer sounds to good to be true, it's probably a scam. These types of scams prey on individuals greed and they are obviously highly successful because of the amount we see within the space. Education is key and awareness is vital, don't fall for it. [link] [comments]  | ||
| An rock NFT was sold for 125 ETH Posted: 21 Aug 2021 01:22 AM PDT This NFT rock was sold for 125ETH, approx $4,11,392 And this is not the end of it. Apparently, it is rock ID 55 from a series of 100 Ether Rocks and each new virgin rock gets more and more expensive. Yes, you read it right virgin rock, this is how they describe it on their website. [link] [comments]  | ||
| Posted: 20 Aug 2021 06:16 AM PDT
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| Something is very very wrong with society Posted: 21 Aug 2021 02:02 AM PDT So as I just came home yesterday (at 6:30 Pm), I asked myself "So I have about 5 hours until I go to sleep". That means that I have 5 hours for myself everyday, out of the 24 hours the day has. Wake up at 7:00, 8:00-9:00 commute to work, 17:00-18:00 commute away from work. Some co-workers even do 6 day work weeks with unpaid shifts (13:00-21:00). OH but I get paid. Let's see I spend 80% of my monthly wage on rent, food, electricity, water etc. all of which are NECESSARY IN ORDER TO SURVIVE. So that all makes me wonder, since when did that entire bullshit job "life" became the normal? Since when do people accept having only 5 to 6 hours of free time per day so as they can pay for their basic needs and literally not starve to death is normal? And more specifically why do the people at the top make millions and never share anything? Why the constant accumulation of wealth at the top? Why does everyone silently accepts that this is a normal thing? I mean ive been working for 5 years and it just hit me. Hopefully crypto can be a catalyst to changing things, however the only doubts I have are the ones set by the filthy rich trying to stop the average human from having the same opportunities. Crypto makes me hopeful for the future. [link] [comments]  | ||
| South African Man Loses $900,000 Worth Of Bitcoin After Accidentally Deleting Keys Posted: 20 Aug 2021 07:32 PM PDT
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| Posted: 20 Aug 2021 08:30 PM PDT Moonshot millionaires are not gods or heroes. They are lottery winners, and it is unhealthy to be jealous of them. FOMO will eventually lead to bad decisions chasing the next moonshot because you feel bad that you missed the first one. Instead invest your time into learning things about coins that have bright futures. Learn the tech. Learn technical analysis. Trust your gut, and DO NOT LISTEN TO CELEBRITIES PROMOTING SHIT COINS. You'll find that your losses are less significant and your wins are more frequent. [link] [comments]  | ||
| Biggest ever rug pull in Solana ecosystem steals nearly $10 million Posted: 20 Aug 2021 04:52 AM PDT
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