Cryptocurrency Daily Discussion - August 29, 2021 (GMT+0) |
- Daily Discussion - August 29, 2021 (GMT+0)
- Predictions Tournament
- Safemoon has been exploited from day 1 and $68,460,000 have been siphoned out of the liquidity pool. This gets auto-deleted from their sub. Explanation in comments
- Steven Seagal moves to Russia to escape US crypto fine. He is trying to avoid paying $200,000 that he owes the US government for promoting a digital token.
- The trading algorithm I made can now detect a new coin within 0.3 seconds of it being listed on Binance
- My shitcoin gambling adventure broken down..
- So we're hating Ethereum now?
- Chinese government says Bitcoin "has no value" as it begins newest phase of its anti-crypto crackdown. All foreign crypto exchanges, websites, and corporate pages are now blocked across China's Internet.
- I haven't used ETH since 2016, the fee I just saw today on a $10 trade was more than my bank has charged me in 3 years. What's the point of all this now?
- Hungary is halving taxes on cryptocurrency earnings to boost its COVID-hit economy.
- 14,255 Accounts in last distribution with NO REDDIT VAULT
- Tipping Moons
- Why I absolutely despise banks
- Thanks to crypto this immigrant has finally moved into his very own house.
- What is your prediction on the Moon/Karma ratio? I will tip 5 Moons to the person that is exactly right in 3 days.
- Beginners Guide to Terra (LUNA)
- Does your wife/girlfriend or partner know how often you check crypto charts and r/CryptoCurrency?
- Unpopular Opinion: Cardanos Price is purely Speculative as Cardano currently offers no Big Real World use
- Let's talk about Exit Strategies and Profit Taking!
- Does anyone else get turned off when a community starts shilling a coin's price projection?
- Is Crypto big part of your retirement plan?
- ADA Cardano is breaking out!
- Bitcoin staying at the 30k-50k range with stable volume and relatively low google search activity is extremely bullish.
- Do you tell your freinds/family that you own crypto?
- Congress received more 40,000 calls from Crypto Enthusiasts before the senate vote on the Infrastructure Bill, and are starting to take us seriously
- Crypto miners in North America are soaring after China's ban
| Daily Discussion - August 29, 2021 (GMT+0) Posted: 28 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:
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| My shitcoin gambling adventure broken down.. Posted: 28 Aug 2021 08:05 PM PDT So my friends, I initially invested an estimated 10bnb into shitcoin fair launches.. This is my story. With over 100 launches in the last 6 months, let me tell you.. I have seen some shit. About 90% of the launches were either rug pull, slow bleed, or a straight up honey pot. (honey pot is when you are unable to sell and only buy.. Aka insta fucked.) 8%ish were promising launches that dealt with problems due to extreme bot issues/ exploits or hacks. The last 4% went well, a couple did a massive 20x-50x off launch making back my returns. All in all, I Luckily made back 11bnb out of my 10bnb.. But if you think of the time invested in research and chart watching... Just buy some fucking eth or btc. Thank you for listening. [link] [comments]  | ||
| Posted: 29 Aug 2021 12:05 AM PDT Edit: Thank you everyone in the comments, my hope has been restored. Perhaps I just happened to run into the vocal minority during today's scrolling :) Looking at the front page and going through the comments, today's sentiment is clear - death to Ethereum and its exorbitant gas fees! I even spotted comments calling Ethereum a premined scam, something usually seen in the more... uhm, tribalistic subs. So with all the noise in r/cc I thought the world was burning (no pun intended) and checked the current gas, just to see ~40 GWEI. Oh. Throughout the bullrun we have seen worse, much worse congestion than this. I understand that the NFT minting spikes make for flashy screenshots - and yes, it is the NTFs. For those not aware, OpenSea currently guzzles more than twice as much gas as the next in line (Uniswap, the previous king of gas). And it tends to concentrate the gas into those ridiculous spikes. But if you're just a little patient you'll get your transaction in under 100 GWEI and if you have all day, probably under 30. For those interested in daily interactions with DeFi/dApps, we already have flourishing L2 ecosystems such as Polygon. Various rollups are gaining traction as well and hopefully will soon offload some of the L1 traffic. Sharding is still on the roadmap (and for some reason always burried at the bottom of the comment section). And we now also have the silver lining of burning some of the fees thanks to EIP-1559. Help me understand why we're hating Ethereum today and not half a year ago. Is it just because of the screenshot-worthy spikes? Is it because of the Cardano and/or Solana hype? Is it because people had the wrong expectations for EIP-1559? Or am I missing something fundamental that's going on? Don't get me wrong, gas fees are high and it is an issue. No one is disputing that. I just don't see how it is any worse than it used to be. And I sincerely doubt that Ethereum is going to "kill itself because it's completely unusable". Thank you for coming to my TED rant. [link] [comments]  | ||
| Posted: 28 Aug 2021 11:12 PM PDT
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| Posted: 28 Aug 2021 09:29 PM PDT I haven't used ETH in 2016 and back then gas fess were maybe a couple dollars. I found $50 in USDT in an old MetaMask wallet and wanted to swap it for ETH. I have never swapped anything before as this stuff wasn't really around in 2016. I tried to swap $10 USDT into ETH as a test run. The calculator said it would cost $34 in gas fess. I would literally be losing $24 on that trade. So I just left the USDT in there and I guess it'll stay there until this gets fixed. Now I'm all about decentralization and ETH has been one of my favorite projects since 'Nam. But I mean this is just ridiculous now. My bank hasn't even charged me this much in over 3 years and I have made several thousand transaction with them over the years. One $10 transaction with ETH is $34? Man I almost can't even believe it. I know about ETH 2.0 but even that has already been pushed back before. For ETH, I just don't even see the point of using it anymore, it's too expensive. When you want to send someone any amount of money, you have to throw a handful of your own cash into the garbage bin. I really hope they dev team can fix this issue before it get's really out of hand. $35 fee on a $1,000 transaction is... understandable, but $10? The barrier for entry will soon be too high for new users to feel comfortable getting into it. [link] [comments]  | ||
| Hungary is halving taxes on cryptocurrency earnings to boost its COVID-hit economy. Posted: 28 Aug 2021 12:22 PM PDT
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| 14,255 Accounts in last distribution with NO REDDIT VAULT Posted: 29 Aug 2021 04:23 AM PDT
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| Posted: 28 Aug 2021 08:11 PM PDT Every moon distribution I've been around for, I've been diligent in voting on the governance polls. However, I'm learning that I haven't been following up close enough as far as which ones passed or not. I found out yesterday that the poll that would allow us to tip up to 100 moons per distribution cycle without losing our 20% holding bonus, passed! I've had a few members tip me moons, including u/ethereumflow, u/crypto_grandma, u/xrporbust and I appreciated it every single time From here on out, I vow to hit that 100 tipped moon threshold every cycle as well, and I encourage others to do the same! I'm far from being a moon whale, but I have a few, and these moons literally cost me nothing. I would love to pay it forward and help some of the newer members out a little bit At the time of making this post, I'm at 9,238 moons. By Wednesday, I will be at 9,138. [link] [comments]  | ||
| Why I absolutely despise banks Posted: 29 Aug 2021 01:40 AM PDT So this text is a personal rant about the banking system. On Friday I went to a local national bank agency to discuss my ongoing process of getting a almost 15,000$ loan for my home renovations. After being there and talking to an agent for basically an hour they presented me with a receipt for which I had to pay: -95$ for the hour I spent with their agent (as it supposedly interrupted their daily schedule, even though I booked the meeting with 4 days in advance) ; -34$ for a 4 page copy of the proposed loan (I guess the ink in their printers is made of gold); -150$ for a maintenence fee of my account (this one is the most outrageous one) Why should I pay that much for them to hold my money for a year? So much money for some copies? This is absolutely ridiculous. Can we please finally get a crypto revolution for these companies to end once and for all? Sorry about this rant, but I am still fuming about this situation. Ps: the values described are converted from EUR to USD [link] [comments]  | ||
| Thanks to crypto this immigrant has finally moved into his very own house. Posted: 29 Aug 2021 03:27 AM PDT Just finished moving in into my first house. I and my father had invested in crypto for more than 6 years now and it would not have been possible without it. I am the first person in my family to not live in a rented apartment anymore. Crypto is the only possible way that my rags to riches story would have been possible. As a kid growing up in India I would have never thought this would have been possible so soon. I still holding most of my BTC and altcoins as I see them go up in value. Thank you to crypto and to this community for always believing in cryptocurrency and the benefits it brings to civilization. [link] [comments]  | ||
| Posted: 29 Aug 2021 04:11 AM PDT So with the snapshot date around the corner we can calculate what the Moon/Karma ratio will be for this round and by that we can already calculate how much Moons you will get the week after that. My rough prediction of the ratio would be: 0.187 Moon per Karma earned this Month. I am really curious about others prediction, because this month we probably got many more users on this subreddit and I am really curious if y'all think that has decreased the ratio much or if it did not affect the ratio at all. Don't forget to Vote next week and hodl your Moons to get the extra 25%. Have a great day! Edit: by the way, I will repost this with the winner in 3 days, when everything is calculated! Edit 2: Thx for the silver [link] [comments]  | ||
| Beginners Guide to Terra (LUNA) Posted: 29 Aug 2021 03:29 AM PDT
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| Does your wife/girlfriend or partner know how often you check crypto charts and r/CryptoCurrency? Posted: 28 Aug 2021 03:05 PM PDT Just curious, my wife has no idea what is really going on through my head when it comes to crypto. She knows about Moons but thinks crypto is a big scam and doesn't want to hear a thing about it. So I don't/can't talk with her about it. I have this online community of like-minded folks who may be just as insane about crypto as I am, and who fantasize about their future of not (or only partially) working a job. What do all your wives / GF's / partners think about crypto in general? Do you talk with them about it? Did they get sick of hearing about it from you, like mine did, and you turned to Reddit to find friends who are equally as passionate? Does anyone wanna go to a beach with me some day and drink beers / margaritas together, cheers-big because we made it? Love you guys! [link] [comments]  | ||
| Posted: 29 Aug 2021 04:26 AM PDT Cardano is currently offering no real world use, every price increase is speculation on more people hoping on actual adoption. This speculation will still have too much volume for a crypto "just" adopting smart contracts. Smart contracts is a feature many other cryptocurrencies have while being fast and not taking much fees (XLM). The speculation acts like Cardano would adopt a ground breaking never seen before innovation, even while it is considered a more basic feature by some people by now. (I like Cardano and even own some myself) [link] [comments]  | ||
| Let's talk about Exit Strategies and Profit Taking! Posted: 28 Aug 2021 01:01 PM PDT Introduction:
When you invest, you should already have decided what you want:
Thoughts on strategy:
And make the "profit taking road" ready!
As an example, here is my current Exit Strategy for BTC (this is getting long, so simplified):
Closing:
EDIT 1:
Edit 2:
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| Does anyone else get turned off when a community starts shilling a coin's price projection? Posted: 29 Aug 2021 12:17 AM PDT Like I'm all in for listening to technical characteristics of a coin, but coins like XTZ (which is where I mostly noticed this) and meme coins have communities that constantly shill the coin for monetary gains. Or they would go on about how this coin is a opportunity of a life time. I get so annoyed by this type of mentality that I don't even go look at their white paper or research about the coin. If you believe the coin has great utility, why would you spend so much time on shilling it's price projection? I don't know about you guys but I consider coins that are the least shilled about their price more likeable than others. Edit: For people thinking I'm only hating on XTZ while not talking about ADA, I made a post about it while it was reaching the ATH. [link] [comments]  | ||
| Is Crypto big part of your retirement plan? Posted: 29 Aug 2021 04:01 AM PDT I would want to know how many of you are actually relying on Crypto to provide you means for (hopefully early) retirement. I'm talking about using Crypto as an alternative or supplement to more traditional methods. Seeing as more and more people in my country are strugging to get by during their retirement I'm thinking about making crypto my main retirement plan. I will still pay minimum amount that is required for personal, government backed retirement plan but right now I don't believe that my government will take care of me during my late years. I think it's time to take things into my hands. What's your opinion? [link] [comments]  | ||
| Posted: 29 Aug 2021 04:08 AM PDT Cardano is currently breaking out. It will keep rising till the launch on 12th September and then it will dip a bit. Price prediction - $3.1 by next week Current Price - $2.91 Cardano began as the third generation blockchain network. In comparison, Bitcoin and Ethereum are considered to belong to the first and second generations of blockchain technology. It aims to compete with Ethereum by being a more secure, scalable, and efficient network. However, Cardano is trying to achieve what Ethereum has done consistently for a long time. While investors have turned their focus and attention to ADA in a big way, there are still some questions on whether it has the potential to repeat the success of Ethereum. Cardano vs Ethereum The network that Cardano hopes to emulate and surpass is Ethereum. That is because Ethereum supports decentralized apps, DeFi, NFT and smart contracts. It is something that Cardano also promises to do, and in a better way. The Cardano network works on "proof of stake" unlike Ethereum's "proof of work." When a miner tries to validate a Cardano transaction, they have to show the coins they hold as proof of stake. In the case of Ethereum, a miner has to validate the transaction through proof of work which involves working out a puzzle, which takes more time and consumes more energy. [link] [comments]  | ||
| Posted: 29 Aug 2021 12:27 AM PDT
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| Do you tell your freinds/family that you own crypto? Posted: 29 Aug 2021 03:00 AM PDT Do you tell your freinds/family that you own crypto? I personally don't tell anyone. I accidently made the mistake of telling my brother once. For the next three months, he pestered me to get him into it, despite me telling him I wasn't. Don't get me wrong, I want adoption to happen, and think he would like crypto. That being said, I refused to set it up for him, as we've all heard the horror stories. He eventually set himself up, and now loves it as much as I do. So, do you tell your freinds/family that you own crypto? [link] [comments]  | ||
| Posted: 28 Aug 2021 07:54 AM PDT As Many of you probably know the Infrastructure Bill was recently passed in the senate, which has some big changes to the way that cryptocurrencies are regulated. This bill is quite stupid, and it is clear that the people who designed it do not understand cryptocurrency. They define Brokers much too broadly, and would require KYC for a ridiculous amount of users. Anyways, the Crypto community was quite outraged about this. There were many posts and comments asking people to call their local senators. From the article:
I am disappointed that they voted to pass the bill anyways, but at least our voices were heard. I am proud of y'all. [link] [comments]  | ||
| Crypto miners in North America are soaring after China's ban Posted: 29 Aug 2021 02:36 AM PDT
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