Cryptocurrency Daily Discussion - August 30, 2021 (GMT+0) |
- Daily Discussion - August 30, 2021 (GMT+0)
- I put 5 random cards with seed phrase around my city: nobody took the money, I sent 50 emails offering btc: nobody took the money, I put 5 cards on notice boards and still nobody took the money. WHY WONT SOMEONE TAKE THE FREE MONEY!?!?
- If you are given $30 every month in which cryptocurrency you will invest?
- A couple of days ago, Bitcoin dropped $3100 in mere hours. Last year, BTC was ONLY worth $3700.
- Unpopular Opinion: Algorand's decentralization is no better than Binance Smart Chain's
- What is a coin that you love, that is generally slept on?
- Solana breaks $100 for the first time ever
- Coinbase integrating Polygon
- One of my favorite crypto features is that the market never closes
- Is crypto the future? Are we truly early investors in the beginning of something huge?
- Stopped creating art for a few years but NFTs got me back into creating it.
- I started my crypto jurney with Dogecoin and i'm not afraid to say it
- What's the best Crypto Investment advice someone has told you except: DYOR, HODL & DCA?
- These statements are so bullish for Tezos
- In case you didn't know, AMD has a videogame store where ownership is recorded on the blockchain and games can be resold. You can also use your idle PC to mine, and get rewarded in their own token which you can use to buy games
- Indians are adopting cryptocurrency faster than other nations - 30% population holding crypto! ( 390 mil )
- What's the best way to earn?
- Ethereum scaling solution, Arbitrum, will launch it's public mainnet on August 31, 2021!
- Monero The Privacy King / XMR Explained
- It's too positive around here. What do you hate about crypto at the moment?
- Does anyone here actually have real life plans to use Cardano smart contracts after they are released?
- Don't feel bad about the amount you own..
- What do you think about hackathons?
- New Research Finds That 61 Percent Of Bankers Are Personally Invested In Cryptocurrency
- "Billionaire Paulson who shorted Subprime calls Crypto 'Worthless' Bubble"
| Daily Discussion - August 30, 2021 (GMT+0) Posted: 29 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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| Posted: 29 Aug 2021 07:47 PM PDT Hi guys. I'm back with this again. For anybody who saw the previous posts… I still can't find a taker for my free btc. Tldr: I had an old btc wallet with $18 btc. I wanted to experiment and see how likely it is that someone would get a seed phrase and know what to do to extract the money. the result was….nobody took it although I made it easier and easier with 3 different approaches. It shows how early we are in this game. This is/was my last attempt. I don't want to bore people. If the money is not taken by Thursday I will donate it to the cancer society. (I will show proof here) Experiment 3 (this week): I was 100% sure this would work and the money would be gone quickly! I made 5 "prompt cards" that said "enjoy your free btc!" And printed the entire seed phrase. I placed the 5 on notice boards in: 3 X shopping centres, 1X library and finally 1X a well known university (packed with well educated people) - the flaw here was the university is still operating but not as normal due to summer holidays! THE MONEY STILL WASN'T TAKEN!!!!!! Experiment 2(2 weeks ago): I set up a new email account and emailed 50 people from random contacts Iv had over the years, some in the same country, some not (it actually took a bit of time to do and i had to "borrow" some email addresses from an advert page to space out the locations of recipients…. I sent 50 separate emails with the subject as "Somebody please take the free money". AGAIN, nobody replied or took the money. Experiment 1(3weeks ago): I printed out 5 laminated cards with the seed words on them, scattered the 5 throughout the area (200,000 population), 5 days passed, all the cards were gone but the money remained. Basically either people found them and didn't know what they were or they got dumped in the trash. Thanks for reading. It was fun while it lasted. I enjoyed the chat with y'all. Edit: thanks for taking the time to post. And thanks for the awards etc. May ye all see plenty of green this week! [link] [comments]  | ||
| If you are given $30 every month in which cryptocurrency you will invest? Posted: 29 Aug 2021 11:12 PM PDT Hello Folks! Suppose if you are given $30 every month to invest in cryptocurrency, how will you invest it? With all your understanding and experience of cryptocurrency make a portfolio with just $30 to invest each month for long term. [link] [comments]  | ||
| A couple of days ago, Bitcoin dropped $3100 in mere hours. Last year, BTC was ONLY worth $3700. Posted: 29 Aug 2021 09:38 PM PDT If Bitcoin had lost this much in March 2020, that would have been an epic crash of 84% in just a few hours. Bitcoin is unbelievably massive. I know all the "grandpa" jokes/memes are flying around, especially in the daily but consider this scenario: "Bitcoin can't get me 100x, so that's why I'm buying [insert moonshot coin name]" Ok, I get it. You want to be in the game. The lure of hitting a 100x or 1000x on a coin is sweetly intoxicating because school/work/life sucks. So you pick your fledgling coin, you've studied the tokenomics and you decide it's got as good a chance as any to rise up to the top 10. Risky? Yes. To that, I say: Well, if you're going to be risky, why not put that risk in Bitcoin? If Bitcoin going to $5 million (100x) is a moonshot and coin x doing 100x is a moonshot, ask yourself: If you're wrong, what's the worst that could happen? Choose Bitcoin: It doesn't 100x. But it's almost certain to hold its value in 5 years time as anyone whose ever hodled BTC for more than 4 years is in profit. Choose Coin x: It doesn't 100x. But in 5 years time, it could be a ghost chain, discarded and forgotten, down 90% or more from ATH. That's the true beauty of Bitcoin: Buy buying it, you have a chance to witness a 100x, and you most definitely won't lose money if you hodl 5 years. Smart money is in Bitcoin. I hope your long shot moons for you, but I'm betting on Bitcoin blowing past 100x or a 1000x after the 2032 halving. Full disclosure: My crypto portfolio is nearly 80% Bitcoin. [link] [comments]  | ||
| Unpopular Opinion: Algorand's decentralization is no better than Binance Smart Chain's Posted: 29 Aug 2021 07:56 PM PDT Among the darlings of this sub is up-and-coming chain Algorand. The founder claims to have "solved" the Blockchain Trilemma using their revolutionary consensus algorithm. From their marketing page:
What they fail to mention is the backroom selection of the validator nodes that actually run the network. Let's suppose the user proposing the block is truly random. How do they propose a block? Specifically, how does the user that owns the selected Algo token have any influence over how the block is proposed? So far as I can tell, the user has no real agency; in contrast, other delegating PoS chains like Tezos or Cardano let the user directly delegate their block proposal responsibility to a baker or stake pool, respectively. By choosing the baker/pool to whom I delegate, I do my part in ensuring the decentralization of the network. In turn, bakers/pools are incentivized to act in the best interest if the network in order to attract and retain delegators. The responsibility to select validators is a critical element in decentralization. The fact is, as an Algo holder I have no influence over the network. Instead, the network is run by a secret list of validators, owned and operated by "early backers." What guarantees do we have that those validators hold (and will continue to hold) the health of the network as highest priority? For all we know, Algorand could be a long con with a charismatic (and qualifed) figurehead. This critical flaw calls into serious question the long term value of the Algorand project. I choose not to use BSC for the same reason (centralization). At least BSC doesn't lie about being decentralized - their solution to the Trilemma is to sacrifice all decentralization in favor of speed (and presumably security). Algorand claims to be decentralized, but so far as I can tell it's all smoke and mirrors. This sub has a lot of Algo supporters. To you I say: change my mind. Disclaimer: I hold some Algo, but I'm much more interested and invested in decentralized chains: Ethereum, Tezos, and Cardano (and learning about more as my time permits). [link] [comments]  | ||
| What is a coin that you love, that is generally slept on? Posted: 30 Aug 2021 01:51 AM PDT So, I posted this in the daily and it kinda blew up, so I wanted to get a bigger conversation going. You hear a lot about the big players in crypto (BTC, ETH, ADA, etc), but I wanna hear your lower market cap sleepers. Coins that offer a lot of potential, despite not getting that much attention. A few that come to mind for me are XRP, Tezos, and Ocean. What is a coin that you love/hold, that is generally slept on, and why? If I get enough responses, I'll compile them and update y'all with the combined info. [link] [comments]  | ||
| Solana breaks $100 for the first time ever Posted: 29 Aug 2021 07:54 PM PDT Solana (SOL) has achieved its latest all-time high with some impressive growth in the last 24 hours. The token, currently ranked the 8th most valuable cryptocurrency by market capitalization, shooting over the $100 threshold. At the time of writing this post, SOL is worth $100 This milestone is the end result of a series of spikes, beginning in the afternoon of August 26. At that point, SOL was in a relatively lowly position of $67.55, one of its lower points across the week. However, it blasted its way back up in the space of two hours, crossing the $75 mark, where it hovered until the following morning. From there, it made another sharp climb and reached $82.64; again in only a matter of hours. Further spikes followed in the ensuing 24 hours; SOL clambered steadily up to the $88 mark in the small hours of August 28. It went on to move past $100 after 2 days. Do not Fomo in right now. Buy in the next dip. [link] [comments]  | ||
| Posted: 30 Aug 2021 02:59 AM PDT
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| One of my favorite crypto features is that the market never closes Posted: 30 Aug 2021 01:11 AM PDT When I look at stock news I always find new companies I want to invest in…issue is I do most of my researching late at night and I'll usually forget about it by the morning and sometimes that company has a significant gain within the next couple days/weeks I missed out on. Crypto has been so great that I can just throw money in at anytime so I never have to worry about missing significant changes in the market. The downside of course is that is can crash literally overnight, but hey, that's one of the thrills in crypto I can't get from stocks. And the constant obsession with charts is more fun when the needle is always moving! [link] [comments]  | ||
| Is crypto the future? Are we truly early investors in the beginning of something huge? Posted: 29 Aug 2021 10:30 PM PDT I don't know if im the only one that has thought about this but let's be real for a moment. All of us are here for one main reason above all, the hope of a bright future. Yes the tech is great, the projects an added bonus. But we all have dreamt of nailing a life changing investment. We all have our favorites and believe our coin is the future. With that being said why all the hate for other coins? Why the downvotes stopping people from collecting moons? The problem we see in the world now is difference of opinion. I remember a time when not too long ago even if we debated, disagreed, fought, we could turn around and respect one another and those opinions immediately after. Now society is like a hate filled war zone. If we truly are in the beginning stages and early to the show that means we want crypto(no matter the coin) to succeed as a whole in order to fully benefit not just the space but the community as a whole. We all are under government oppression in one way or another and mainly financially. If we can turn the tables why the fuck are we at each others throats when someone mentions a coin we personally don't invest in? Why hate or wish for a coins downfall? Doesn't this push the eneducated curious investors away. We are a community that is massive and will continue to grow daily. But we will fail if we don't come together and show the world why ALL crypto is beneficial for man kind. Remember the government and media want us at each other's throats. If we are fighting we can't unite for the battle that lies before us! [link] [comments]  | ||
| Stopped creating art for a few years but NFTs got me back into creating it. Posted: 29 Aug 2021 11:39 PM PDT
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| I started my crypto jurney with Dogecoin and i'm not afraid to say it Posted: 30 Aug 2021 02:38 AM PDT Hey guys, hope you are doing good. As the title says i'm one of those people that started investing into crypto in the first months of 2021. I always wanted to get into crypto but never really did becouse i was afraid and skeptical, i was so wrong. At the start of the year a friend of mine told me he had invested 100 euros in dogecoin i got carried and i said i want to invest 100 too, it was the start of my crypto journey. Then i started looking for other projects, i already knew BTC and ETH, than i found out about ADA and other solid projects and diceded it was better to put money in these, so i started investing a part of my paycheck every month and now i hold mostly BTC ETH ADA DOT and CRO A big step forward from the shitcoins i was looking at first lol This post is to say, don't hate on people for falling into shitcoins or for not knowing what they are doing. We all have to start somewhere and nobody starts in crypto with a perfect view of the situation. Stay safe and have a good day EDIT: sorry for typos and bad english, it's not my native language [link] [comments]  | ||
| What's the best Crypto Investment advice someone has told you except: DYOR, HODL & DCA? Posted: 30 Aug 2021 12:53 AM PDT I got my first investment advice from the same dude who taught me all about Crypto: "Don't do futures unless you have a setup" and "don't regret trades you've already made" Naturally I was curious to try it out and I lost some money in it, but I learned my lesson and I'm glad I did it before I put any serious money in it. So what's your best advice someone has told you or you learned it yourself except HODL, DCA and DYOR cuz I think most people in this sub already know this.
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| These statements are so bullish for Tezos Posted: 30 Aug 2021 02:13 AM PDT Source: https://decrypt.co/79292/xtz-rallies-swiss-firms-tap-tezos-new-token-standard Three Swiss institutions will offer tokenized assets on Tezos, their statements make me very bullish on Tezos. In a joint statement, Crypto Finance Group, InCore Bank, and Inacta said that the main reason they chose Tezos was "because its on-chain governance allows upgrades without disrupting or splitting the network." InCore Bank also announced that it would become the first B2B bank in Switzerland to launch institutional-grade trading, storage, and staking services for the Tezos network, offering its institutional customers new yield-earning products. Staking XTZ will let the bank's clients participate in the governance of the network and earn rewards, with the option available directly via e-banking system. According to Stijn Vander Straeten, CEO of Storage Infrastructure at the Crypto Finance Group, thanks to the launch of these novel Tezos use cases, "innovative, compliant on-chain financial products [are becoming] a reality today." [link] [comments]  | ||
| Posted: 29 Aug 2021 07:59 AM PDT
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| Posted: 29 Aug 2021 03:05 PM PDT
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| Posted: 30 Aug 2021 02:26 AM PDT Hi I'm from a 3rd world country and worse than that this country counts me as a heretic and I'm not allowed in many things I've slowly made a life and made it possible to add 20-30$ monthly investment I'm looking for all possible ways to earn more or invest smarter Since I have only a few years left I want a fast way to earn 20-40k usd for the next 4 years Moons have been a great catalyst in my hope for that dream But I want more possible ways to earn safely Any task or activities are fine with me [link] [comments]  | ||
| Ethereum scaling solution, Arbitrum, will launch it's public mainnet on August 31, 2021! Posted: 30 Aug 2021 01:36 AM PDT
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| Monero The Privacy King / XMR Explained Posted: 29 Aug 2021 11:54 PM PDT
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| It's too positive around here. What do you hate about crypto at the moment? Posted: 29 Aug 2021 09:16 AM PDT We're getting a bit too chummy around here. What bugs you the most when it comes to the current state of crypto? Doesn't have to relate to this subreddit necessarily - could be in the news, general conversation, your personal investments/ portfolio, banks (yeah, i know, too easy), exchanges, 'influencers', overreaction, underreaction, complete lack of reaction, disguised shilling, overused phrases, senseless thought patterns...you get the gist. What can you just not stand to read/hear at the moment and why? [link] [comments]  | ||
| Posted: 29 Aug 2021 10:59 PM PDT I know many of us are waiting for ADA to run smart contracts, and personally, I'm one of those people who thinks there is plenty of room for multiple platforms so I hold both ETH and ADA. But I'm super curious if any of us actually plan to USE smart contracts. I honestly don't have a clue how I would go about doing that, and I have a feeling most people on this sub don't either. So the question becomes, is there really any immediate upside after Sept. 12, or are we all just going to start waiting around for big business to slowly adopt the use of smart contracts... Not trying to be an asshole or anything, I'm genuinely curious about this. If you do have plans to use them, I'd love to hear about it! [link] [comments]  | ||
| Don't feel bad about the amount you own.. Posted: 29 Aug 2021 10:32 AM PDT I've noticed there are too many people on here that are comparing their portfolio's to others. Whether it's the amount of crypto one holds or it's fiat value, to low buy in's/high sell offs. I seen a post the other day about ADA (not trying to shill, just a good example of my point) where in order to vote in the 'Catalyst Funding' one would need to own 500 ADA. The amount of people talking down on themselves for not owning that much was sad. I'd like people to remind themselves that it's all relative of who you are and more arguably, where you are located in the world. Someone on there said that much ADA was over two months salary, where as in my corner of the world, that much wouldn't get you a one bedroom apartment in a 'bad' neighborhood. You can afford what you can afford and that's good for you and you should be proud. The comparison to others is not only hurtful to yourself but also deceiving. Some people have started life in extremely fortunate positions giving the illusion of success. When you have alot of money it's easier to make money. It's harder to risk two month's rent on a crypto investment than a couple % of someone's 'fortune'. TL;DR: Don't feel bad about other's success or celebrate their misfortunes. That mindset will only hurt you in the end. Just be happy your in Crypto to some compacity and it's still early. Edit: Thank you for the awards, GLTA [link] [comments]  | ||
| What do you think about hackathons? Posted: 30 Aug 2021 03:12 AM PDT I have been working in cryptocurrency for several years now and I watch almost every hackathon. Unfortunately, I don't really understand the code myself, but I would like to organize such an event with pleasure. In my opinion, hackathons are very important for the formation of a very strong and cohesive community of developers. I am sure that many projects that currently exist started with hackathons. For example, 1inch, yes, it's true, they started their journey with a hackathon. I think the hackathon is a great way to start your journey into the world of cryptocurrency startups. One of the interesting hackathons now is MetaBUIDL from NEAR. A very good event with excellent teams, speakers and judges. The prize fund is $ 1 million until the end of the year. Now the first stage is taking place, you can win more than 200 thousand dollars. https://metabuidl.splashthat.com/ I would like to know your opinion? What do you think? Are hackathons useful or is it just a way to spend money? [link] [comments]  | ||
| New Research Finds That 61 Percent Of Bankers Are Personally Invested In Cryptocurrency Posted: 29 Aug 2021 06:00 PM PDT
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| "Billionaire Paulson who shorted Subprime calls Crypto 'Worthless' Bubble" Posted: 29 Aug 2021 11:55 PM PDT This is the dude that shorted the US housing market and made $20 billion for himself and investors.
Big words coming from him here
Paulson is a major sceptic and pessimist but interesting that he has these pretty damning views! The post itself by Bloomberg is pretty much a FUD post, but Paulson is a bloke that knows his shit! [link] [comments]  |
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