Cryptocurrency Daily Discussion - August 27, 2021 (GMT+0) |
- Daily Discussion - August 27, 2021 (GMT+0)
- Does anyone else shit their pants when they send crypto anywhere?
- Cuba's Government Looking to Recognize Bitcoin and Crypto for Payments!
- If crypto is not legal tender, I'm technically not paying for sex and so please release me, officer.
- 5 Mistakes I've Made So You Don't Have To
- $420M worth of positions were liquidated and 110k traders got rekt in the last 24h.
- Just so everyone is aware, this isn’t a ‘dip’. It’s just the market moving normally. Don’t listen to predictions because as we all know, *we don’t know what it’s going to do next*.
- No you have not "Missed the Bus": People in 2010 thought they were Late to Bitcoin
- Advice for people who got in crypto this year.
- I have one computer for crypto, and one for wanking.
- How to lose your Bitcoins with CTRL-C CTRL-V
- Polkadot - FTW
- ETH gas fees really hinder adoption
- A rock is SOLD for $1,300,000.00
- Why do people still buy BTC?
- 6% of All Ethereum is Now Staked in Ethereum 2.0
- Analysts anticipate Ethereum supply shock after 100K ETH burned
- Be honest, how would you feel if your friends investment shot up 1500x within months and you missed out?
- 11% of young Americans invested their stimulus checks in crypto
- Stop investing temporary money -- no coin is "safe enough"
- In the bullrun, don't forget about bitcoin.
- Will you be a millionaire??
- A crypto meditation
- If the 2024 bull market will have the same pattern as 2018 and 2021, BTC will be $204,000 and ETH $14,000
- My analysis of all MOON transactions
- Crypto hardens the piss out of you
Daily Discussion - August 27, 2021 (GMT+0) Posted: 26 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:
Useful Links:
[link] [comments] | ||
Does anyone else shit their pants when they send crypto anywhere? Posted: 26 Aug 2021 12:37 PM PDT So I happened to get a nice check from some back pay from work and my first reaction to it was to buy more crypto (obviously). So im on the exchange and i go to send it to my hard wallet and instant paranoia and anxiety per usual. Ive been sending crypto to different wallets since mid 2017 and it still makes my heart drop when i think its taking too long (more than 5 seconds). Does anyone actually grow use to the feeling of sending crypto from wallet to wallet and not thinking it'll all disappear in the blink of an eye? I can't imagine getting hacked for any amount of my bag, the thought of it gives me anxiety. [link] [comments] | ||
Cuba's Government Looking to Recognize Bitcoin and Crypto for Payments! Posted: 27 Aug 2021 12:29 AM PDT
| ||
If crypto is not legal tender, I'm technically not paying for sex and so please release me, officer. Posted: 27 Aug 2021 03:11 AM PDT I've been told its illegal to pay for sex but my BTC isnt a legal tender, so I that makes it more like bartering, right? Show me where it says in that there rule book, that trading services between two consenting adults is illegal. Im sure this is very embarassing for you officer, but mistakes happen to even the best of us. Just release me and dont tell my wife, and I wont report this to your superiors. Cant wait to see in a week/month/year, whether this was the cheapest or most expensive BJ of my life - or both. [link] [comments] | ||
5 Mistakes I've Made So You Don't Have To Posted: 27 Aug 2021 01:26 AM PDT While mistakes may be overrated, that doesn't mean you shouldn't learn from them. And you're much better off if you can learn from the mistakes I have made, rather than having to make them yourself. As such, I wanted to share 5 of my most costly mistakes during my years at /CryptoCurrency.
Adding up the cost of all my mistakes, I have lost more money on stupidity than I have left invested in crypto. It's a new space and I still have more to learn. Thanks for all the advice everyone has given me thus far and I hope my mistakes will in turn help others be successful. [link] [comments] | ||
$420M worth of positions were liquidated and 110k traders got rekt in the last 24h. Posted: 26 Aug 2021 10:12 PM PDT
| ||
Posted: 26 Aug 2021 01:59 PM PDT Seems to be a lot of chatter today about "taking advantage of this dip". Some people are saying now is your chance before the bull run, others are calling this a crash precursor. The fact of the matter is, it's just the market moving normally. It's been trending up for two weeks and it's taking a breather. Zoom out on the charts and you'll see there's not too much to analyse, it looks logical enough, so let's just keep doing what we've been doing and keep our pants on. At the end of the day, absolutely no one knows what the market is going to do, it's best not to try predict anything. Ride the wave my fellow crypto adopters! [link] [comments] | ||
No you have not "Missed the Bus": People in 2010 thought they were Late to Bitcoin Posted: 26 Aug 2021 04:46 PM PDT
| ||
Advice for people who got in crypto this year. Posted: 26 Aug 2021 10:34 AM PDT EDIT: Thanks for the awards. First post turned out to be a success :D I've been in crypto for many years. When I mean many years I mean I saw bitcoin at 300usd and eth at under 10usd. I've been through a bull and bear market. I've seen what works and what doesn't. My honest advice to someone who's new to this game is:
The secrete? Accumulate and hold until your comfortable enough to take profits. Never sell at a loss unless in an emergency. The people i know who followed these obvious steps changed their lives for the better. I still believe there is opportunity for people to change their lives with crypto. Just don't let greed blindside you. Thanks for reading. This is my first post on this subreddit so I wanted it to be good. [link] [comments] | ||
I have one computer for crypto, and one for wanking. Posted: 26 Aug 2021 03:43 PM PDT I do this to avoid contaminating my crypto computer with viruses, keyloggers, etc. Crypto computer rarely, if ever, sees the Internet. Some more tips:
Don't make these mistakes. Ask me how I know. [link] [comments] | ||
How to lose your Bitcoins with CTRL-C CTRL-V Posted: 26 Aug 2021 07:43 PM PDT I saw many victims of clipboard hijacker malware. How it works How to prevent this Stay vigilant [link] [comments] | ||
Posted: 26 Aug 2021 10:16 PM PDT After my post on Algorand, I was surprised to see how many people reached out and requested I do the same type of post for other cryptocurrencies, but most specifically- Polkadot. This is not meant to be an overly technical analysis, or a hate-post on competing coins. This one is for you Supah Fish, here it is. First thoughtsInitially, coming from a developer/software engineering background, my main question was "how is this useful?". Para-chains, para-threads, side-chains, etc. At a cursory glance it was not easy - or really possible - to know what the project was trying to achieve. I also saw DOT first mentioned in a Forbes Article, which made me think at worst it was another coin with little more than marketing, and at most it was geared towards institutions and the banking industry- which generally rubs me the wrong way. Lastly, and completely superficial, why 'Polkadot'?? I was confused when I kept reading people saying it was a block-chain that connected other block-chains, like Ethereum or VeChain (and others), you could write an application on Polkadot and utilize these other chains. "That's really cool", I thought- but also, "Literally how the hell is that supposed to work?" Inflationary, by design? I had a healthy amount of skepticism going into my initial research. ResearchOnce I decided to look into DOT, I watched a couple videos that gave a broad overview that gave me the 'why'. Polkadot is meant to be an abstracted layer for building apps generically that can utilize multiple block-chains using their development API that they call PDK, called Substrate (best name in the project, kudos). The error I had was thinking that the previous examples (Ethereum, VeChain, etc) were literally being used beneath Polkadot, when in fact those mentions were just part of the analogy. Parachain's are created after buying an available slot at auction, and hooked into Polkadot via the Relay chain. The Relay chain is how each of the Para-chains and Para-threads communicate, and their state is reconciled onto the Relay chain, for Para-chains at every block, and for Para-threads only when needed. This is the main differentiation between Para-chains and Para-threads. Certain applications might require the lock-step block validation of the Relay chain, while many other application use-cases do not. This results in lower transaction fees for the threads. Dr. Wood with the Ethereum background lends a lot of credence that the project is tackling real world issues and providing a solution that isn't available already. The documentation is great, and the white paper exists. I was able to get started with the PDK in very little time. They will likely only be toy examples, but I'm going to give the PDK a whirl to see how the different approaches work. After all, experience is everything. FutureThe marketability and use-cases of a block-chain that provides the infrastructure to create versatile applications is clear. Providing an easy mechanism to create stand-alone block-chains without having to create and handle the infrastructure to do so is a major boon. Not only that, but having the 'heavy-weight' option of Para-chains combined with the lighter-weight Para-threads, as well as pure smart-contracts (if you don't want contracts on top of the former two) give developers a lot of flexibility. Supporting the web assembly standard allows support for all developers that don't have a specialization in more complicated languages. The use of Rust throughout much of the project shows that they are using current technologies and are, most importantly, conscientious of security. Rust is well-known and gaining a lot of popularity - not just in the block-chain ecosystem - providing a current and stable language for the platform that developers actually use, instead of ones that they don't (Haskell, anyone?). All-in-all, Polkadot seems to be a very sound investment with a bright future. Of the newer coins, Polkadot and Algorand are my top two picks. I'm bullish on both, and I think that if the bull cycle continues this year there is no way Polkadot won't exceed its current all-time-high (~$48 USD). I encourage everyone to give it a look. It's an excellent choice for DCA (or lump sum), and the 12% staking reward is hard to argue with. [link] [comments] | ||
ETH gas fees really hinder adoption Posted: 26 Aug 2021 05:29 PM PDT Sorry I just want to vent for a little bit. I got into crypto about February so im still pretty new and trying to learn as much as I can, but im definitely more of an investor than a user of blockchain. My biggest % of my portfolio is ETH, so I obviously believe in its value and tremendous upside moving forward. What's keeping me from getting deeper into the space is the god damn gas fees. Jesus. I just wanted to sign up for an ENS domain, and the name I wanted was still available. $10 for a year? Awesome! Over $100 in gas fees? Never mind. Any time I want to interact with the ethereum blockchain beyond buying ETH on Coinbase and staking it, the gas fees make me give up. I want to get more involved in this space because it offers a lot of cool things that I'd like to be in on the ground floor of, but I feel like I have to wait till PoS comes along (at which point it'll be too late.) TLDR I'd like to speak to the manager [link] [comments] | ||
A rock is SOLD for $1,300,000.00 Posted: 26 Aug 2021 04:23 AM PDT
| ||
Posted: 27 Aug 2021 02:08 AM PDT Let me start by saying I am still a noob and I don't claim to understand much about this space. To me, it seems like the only "advantage" BTC has going for itself is it being the first cryptocurrency. Besides that, I feel like it's just outdated, old technology all around. Slow, high fees, wasting a lot of resources. I could not think of a single use case where it's still the best solution there is. I would have expected the price for BTC to go down relative to other cryptos. Does not seem to be happening, it's still the "big daddy". Am I missing something, and BTC is still amazing for some use cases? Or is it just the delay before people realize that there are better alternatives for every use case I can think of? I know no one can predict the future, just interested in your thoughts on that. [link] [comments] | ||
6% of All Ethereum is Now Staked in Ethereum 2.0 Posted: 26 Aug 2021 04:04 PM PDT
| ||
Analysts anticipate Ethereum supply shock after 100K ETH burned Posted: 26 Aug 2021 09:54 PM PDT
| ||
Posted: 26 Aug 2021 08:57 PM PDT So anyway I see a lot of people on here saying they're telling their friends and family to sell their cryptos because of the no product, or it being brand new aspect. So I was just wondering if you were in the situation of never investing in the crypto they invested in, then finding out this whole entire time it has been rocketing to the moon and he didn't say a word about it? I actually seen this happen to this youtuber, he missed out and he had millions, if he threw a few grand he would've made a lot [link] [comments] | ||
11% of young Americans invested their stimulus checks in crypto Posted: 26 Aug 2021 05:39 PM PDT
| ||
Stop investing temporary money -- no coin is "safe enough" Posted: 26 Aug 2021 06:38 PM PDT I've seen 2 threads tonight one investing temporary money that will be needed for school and one investing other people's money that was collected as a pool to surprise them later. Several of the comments suggested doing this with BTC to be safe and it blew my mind so if I could have a quick second to show you some reality. If you invested $1,000 on April 13th with the intention to pull it in 3 months - by July 13th you would have $513.00 left. Not so safe. But lets say you were I can do this with far more devastating timelines like the time from December 2017 to April 2018 where you'd have $317 left of that thousand even though you had a whole 4 months to wait. The reason we say only invest money you can afford to lose is because you could actually freakin' lose it, and if it's money you need (or holy fuck -- other people's money) you can't afford to let it stay on for the ride back to green and beyond. This is, and always has been a market best played long term but never play with solid calendar deadlines. [link] [comments] | ||
In the bullrun, don't forget about bitcoin. Posted: 26 Aug 2021 11:31 PM PDT I know, I know, you've that sweet spot for this specific altcoin. Mine is ADA. However, apart from the tech, altcoins main purpose is to help you acquire more bitcoin. Bitcoin is the fundemental cryptocurrency and it will never be replaced. You hear about eth killer, ada killer, whatever it is, you've never heard about bitcoin killer, that's because bitcoin will never die. So yeah I know you love your coin so much, but your favorite coin may not survive until next bullrun. This is not financial advise but I advise you to just hodl bitcoin or tether up in the bear market. [link] [comments] | ||
Posted: 27 Aug 2021 01:36 AM PDT So, we have seen bitcoin and Ethereum make a lot of ordinary folk millionaire cause they invested in it when nobody believed in it. Now, im quite certain that 5 years from now there will be a change in the top 10 and that a coin that is currently rarely known by a lot of people will be in the top 10 and im sure that some of us are holding that specific coin,. So, i guess you could say some of us are holding a coin that will be worth a lot in the future so, remeber to keep your seed in a safe place. [link] [comments] | ||
Posted: 27 Aug 2021 02:47 AM PDT Namaste friends, I'd like you to start by focusing on your breath. Breath in deeply, feel those cosmic gains. Hodl that breath, let those gains fill your vessel. Breath out poor price movements. Breath in Bitcoin DCA. Breath out BSV. Breath in Ethereum. Breath out Ethereum Max. Breath in high potential ecosystems. Breath out "baby" shit coins. Feel your soul, full of gains, full of love. Breath in low cap gems Breath out 50% burned shit coins. Breath in Vitalik Buterin Breath out Elon Musk. Breath in your gains. Breath out and learn from your losses. Now open your eyes and feel the cosmic gains Be love. [link] [comments] | ||
Posted: 27 Aug 2021 02:59 AM PDT In 2018 BTC's ATH was slightly over $20,000, and ETH around $1,400. This year (provided that we have seen this bull markets ATHs), both of them did just about a x3.2, coincidence? I think not! Applying that flawless logic to the next major bull run in 3 years, BTCs new ATH will be $204,000 and ETH respectively roughly $14,000. Now if that doesn't make you invest into crypto then I don't know what ever will… I am staking up on Ethereum as we speak, I am ready to go to the moon, are you? This is not financial advice, hehe. [link] [comments] | ||
My analysis of all MOON transactions Posted: 26 Aug 2021 07:32 PM PDT
| ||
Crypto hardens the piss out of you Posted: 27 Aug 2021 12:37 AM PDT For over 10 years it was nothing for me to have a car and house full of several felonies worth of illegal substances. I'm talking atleast a decade of prison time over my head. Twice, Ive had the gang task force kick down my door, put me in handcuffs to sit me on my couch to watch them tear through every belonging I had (to find nothing, stupid pigs. Fun unrelated fact: They would also send in a separate unit to check serial numbers of electronics to ensure they're not in a data base of stolen goods, cops do NOT like built from the ground up gaming pc's). I've been robbed at gun point. I've never driven a car legally yet still commute about 2 hours a day for work. I truly hate condoms. I'm trying to say, I'm no stranger to risk. Truth be told, for better or worse, Id find life absolutely unbearable without it. You all would be over at Wallstreet bets right now if you didn't share the same attraction on some level. When I saw my portfolio retrace for the first time, it genuinely scared the bajesus out of me. Second time made me question if Im doing the right thing. After a while, every correction and flash crash becomes as normal as thinking every knock at the door might be the last you hear as a free man. We could drop back to 10k tomorrow and I wouldnt even flinch. Id actually be ecstatic and would love every second of following whatever narrative drummed up to explain it. I believe in the altruistic aspects of crypto. I like making money. But above all else, I LOVE the grind. If you just got into crypto this year and you're still here after May. You, my friend, are a crazy, wonderfully tough son of a bitch. Not only are your hands diamonds, but so are your massive weighted testicles. If you use the same dedication and resolve in all aspects of your life, you can conquer anything. To the moon. Or not. Im here for it either way [link] [comments] |
You are subscribed to email updates from Cryptocurrency News & Discussion. To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
Google, 1600 Amphitheatre Parkway, Mountain View, CA 94043, United States |
No comments:
Post a Comment