Cryptocurrency Daily Discussion - August 4, 2021 (GMT+0) |
- Daily Discussion - August 4, 2021 (GMT+0)
- El Salvador effect: Spain considers allowing mortgage payments in crypto
- Today, I finally paid off last of my debts!
- I have learned the long term trends of the crypto market so you don't have to; the post I needed when I first got into crypto.
- Just because were investing doesnt mean were gonna be millionaires some day.
- Tell me your Crypto investment strategy in 5 words or less!
- Stop whatever you are doing and review the following! You may thank me later!
- With Ethereum's "London" hardfork coming tomorrow, I took a look at a list of all the upgrades coming with it.
- Teach yourself: A curated list of the most useful /r/CryptoCurrency threads for beginners
- No, Spain is not considering mortgages payments in crypto.
- Bitcoin SV (BSV) suffers 51% attack. Craig Wrights baby not doing too well.
- The real value of crypto is knowledge
- Binance to bring Bitcoin payments to Shopify via new partnership
- 10 signs you have a crypto trading problem
- DOGE eyes lower to $0.13 level
- Shitposting for Humanity - Crypto mining is a game changer for 3rd world nations
- I bought $500 of 'meme/shit' coins from Reddit WEEK #3 UPDATE - USELESS DOWN -50%, SAFEMOON DOWN -40%
- $131 billion worth of BTC moved yesterday but only 1% from exchange deposits/ withdrawals. Massive OTC deals going on.
- ”Just because were investing doesnt mean were gonna be millionaires some day” This is wrong, YOU can be a millionaire rant.
- Lots of hilarious and angry messages hidden in Bitcoin transactions
- Russia Warming Up To Bitcoin: Court Orders Country's Largest Bank to Unblock Crypto Trader’s Accounts
- Kind reminder to always use small test amounts to send your assets and be sure which network to use...
- Famous Bitcoin Addresses and Transactions
- Survey shows 40% of US crypto owners forget their password, 20% write their passwords on paper
- SNAPSHOT to SNAPSHOT . It's been one month here so far. Although I've been a part of reddit for long and into crypto for a few months, it's surprising I took this long to join the sub. Here's an overview of what I learned and experienced so far.
- What’s your (realistic) crypto end-goal?
| Daily Discussion - August 4, 2021 (GMT+0) Posted: 03 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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| El Salvador effect: Spain considers allowing mortgage payments in crypto Posted: 03 Aug 2021 03:03 PM PDT
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| Today, I finally paid off last of my debts! Posted: 04 Aug 2021 01:04 AM PDT Can't tell you how relieved I feel today. I guess only people who were in debt for a long time can relate to this! I had a long term loan running since last few years due to purchase of a car I couldn't afford at the time but could pay in installments. I am not so bright, don't be me! Soon after pandemic I had to take a big salary cut or lose the job. So I chose the former. Suddenly, I was not able to pay off my monthly installments. I started taking out huge chunks out of my crypto investment portfolio every month. I exhausted my portfolio last month. But I just wanted to live debt free no matter how. Had to do the inevitable and sold my moons today. And I did pre-closure of debt few months ago. My only regret is I lost all my crypto investments and losing on moons just before mainnet. But oh well! I won't be a millionaire any time soon but I sure do feel like a million bucks. [link] [comments]  | ||
| Posted: 03 Aug 2021 01:40 PM PDT
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| Just because were investing doesnt mean were gonna be millionaires some day. Posted: 03 Aug 2021 03:38 PM PDT I know most of you maybe be aware of this already but sadly i have some friends who believe their $100-200 dollar investments will make them future millionaires when realistically that probably won't happen. Were all going to make money but unfortunately you have to have money already to make those huge bags. Even if ethereum were to hit 5k or 10k by the end of this year, if you only invested $100-200 you won't be seeing a lambo or even a new car. It makes me sad but its the kinda truth when people say you have to have money to make money. Regardless I'm still going to keep investing and whatver i make im still going to make be happy about. [link] [comments]  | ||
| Tell me your Crypto investment strategy in 5 words or less! Posted: 03 Aug 2021 11:20 PM PDT Crypto investing can get a little serious sometimes, so I thought we could have a bit of fun today! Teach me your ways that I may learn, oh wise ones! I want to know your secret Crypto investment strategy! But here's the catch, you have to tell me in 5 words or less Let's see what you can come up with, and we'll all be smarter as a result! [link] [comments]  | ||
| Stop whatever you are doing and review the following! You may thank me later! Posted: 03 Aug 2021 12:24 PM PDT So the last 24 hours was awful. And it's shocking to learn someone who follows processes as much as I do lost his Reddit account, and almost lost his vault.Hey all, this is your captain speaking. So yesterday was the first time in 6 months my phone booted me out of Reddit. Was completely random, and having not really thought about it since my account's inception, I was disturbed to find out none of my standard passwords (or their variations for that matter) worked. No big deal, I'll have them email me a password reset! … and I sent a request to my email. Nothing. Nada. …okay but hey I've GOTTA be able to retrieve my account by phone number or something right? Narrator: "He would in fact, not be right." Apparently, when you set up your phone account via Reddit, they don't require an email or anything. Apparently, I had to back it up in the settings, and I just had glossed over that. Probably because I came to Reddit to learn about the GME blow up, and actually found out about r/cryptocurrency like a month later. And opened my vault a month after that. After two months of auto signing in, you don't even think about things like backup. FUCK. What about my 10k moons?!Thank GOODNESS I had written my seed phrase down. I'll just have Reddit team verify the seed phrase is linked to my account and… Noopppppee. Right. It doesn't work that way. Several hours of attempted work around later and I find out that I can in fact send the moon from my old vault to this new (AND BACKED UP!!) account's vault. All I need to do is download meta mask and set it up for the Ethereum Testnet and create the wallet for a specialized token and… oh… oh you have to delete and reinstall metamask and… Does this sound -awful- to you yet?Needless to say, I'm creating a hard set of passwords and testing all of them for all my accounts, along with resetting my email passwords and backing them up via 2fa too. Sometimes crypto can be really fucking stomach churning. Special shout outs to u/Nanooverbtc (yes, the mods absolutely deserve their moons) and the two guys who helped me figure this crap out yesterday. There are some -heroes- on this sub. Some things still suck. I lost my Reddit coins, as well as a free 3 month (I think) premium upgrade, and I posted -a lot- this round. So yes fellow mooners, probably a good 3k more moons lost to a dead vault. But hey, that's crypto right? TL:DR -Back your crap up -Back up your backups -Never assume anything tied to your coins -Elon still sucks -Safemoon is still a Ponzi. -Fuck Robin Hood with a pointy steel-toed boot covered in Dire Ants EDIT: THANK YOU FOR ALL THE AWARDS AND KARMA! YOU ALL THE REAL MOON MVPS! [link] [comments]  | ||
| Posted: 03 Aug 2021 04:42 AM PDT On Aug. 4 at block 12,965,000, the London Hard Fork will go live on the Ethereum main network when a series of five protocol updates called EIPs (Ethereum Improvement Proposals) are deployed. EIP 1559: This is the biggest of the upgrades and ironically the easiest to summarize. It's a proposal to make Ethereum transactions more efficient by using a hybrid system of base fees and tips to more evenly incentivize miners in periods of high and low network congestion. EIP-3198: As a companion to EIP-1559, it adds an opcode, BASEFEE, which returns the value of the base fee for the block it is executed in. This will enable smart contracts to access this value on chain, which can help with submitting fraud proofs and creating trustless gas price derivatives. EIP-3529: Another significant change introduced in London is the removal of gas refunds from SELFDESTRUCT and reduction of refunds for SSTORE. While the refunds were originally intended to incentivize developers to clear the state when possible, in practice they have led to an increased state size with the invention of Gas Tokens. Using these refunds, Gas Tokens can fill up the state when gas prices are low and then get refunds for the execution of transactions when gas prices rise. EIP-3541: This is a "simple" change which lays the groundwork for broader Ethereum Virtual Machine (EVM) improvements, described in EIP-3540. This EIP will make it impossible for new contracts starting with the 0xEF byte to be deployed. Once London is live, the shortest sequence of bytes starting with 0xEF which does not match the starting sequence of existing contracts could then be reserved as a way to identify contracts which comply with EIP-3540 semantics. EIP-3554: This proposal delays the difficulty bomb, which is a mechanism that was introduced in Ethereum to "freeze" mining as the network transitions to proof of stake. Given that the proof of stake transition is not yet ready, they have decided to delay when the bomb will "go off". The current delay has been set to December 1st. Sources: [link] [comments]  | ||
| Teach yourself: A curated list of the most useful /r/CryptoCurrency threads for beginners Posted: 03 Aug 2021 03:46 PM PDT There are plenty of newcomers to crypto and it can be daunting knowing very little about it. For many, it can be like trying to read a new language with many concepts which can be super confusing. Below I have curated links from the best crypto posts seen on /r/CryptoCurrency This sub has produced some incredible content over the years and not everyone can be here every second to read it all. This list is based on the most upvoted posts which provide useful information, particularly for beginners. To see more than this, the best way is to search the subreddit by flair and sort by best of all time. For example, this link gives you the top educational posts of all time. For the newcomers: the top 50 Cryptocurrencies, each explained with one sentence. I made an infographic of the most popular cryptocurrencies by category To all the new folks getting into crypto: Do not, I repeat, do not buy on Robin Hood. Everyone is a genius in a bull market. Sell walls: What they are, what they do, and how to spot them. Don't check your portfolio and prices every 5 minutes. It is not healthy! Sixty free lectures from Princeton on bitcoin on cryptocurrency. Avg length ~15 mins. Links in post. A Boring Investor's Guide to Cryptocurrency Investing A Beginner's Guide to Cryptocurrency Wallets Things you NEED to do when you first receive your hardware wallet A guide on how to avoid Crypto scams. GENERAL REMINDER: Backup your Google 2FA codes How a became a millionaire using crypto technical analysis and here is a guide (comedy, but worth the read) It's too late to get into crypto. Here is a list of crypto ponzi schemes and people who are/were promoting them on YouTube Top 101 Coins Grouped by Usage/Purpose Not another fairy-tale ending - a word of warning for those entering the crypto scene PSA for new Dogecoin / Crypto buyers A thread of just fucking don't Of course this isn't everything, and there are plenty of other resources (see the sidebar of this sub for other useful links), but everyone new to crypto who is serious about it should have a browse through every link on this page. This is all content from your peers, unvoted by your peers. We're all in the same boat, so embracing the community is important. [link] [comments]  | ||
| No, Spain is not considering mortgages payments in crypto. Posted: 04 Aug 2021 01:15 AM PDT I've seen this headline thrown a lot in some crypto subs. The reality is much diferent however. The proponent of the bill is the right wing party (Partido Popular), and has the same chance of passing of Shiba hitting 1$. Unfortunately this proposal is being used as an attack to the party in power (PSOE) in a sensitive matter in Spain, mortgages, as the country got hitted hard during the housing crisis of 2008. Don't be fooled by headlines and always DYOR. [link] [comments]  | ||
| Bitcoin SV (BSV) suffers 51% attack. Craig Wrights baby not doing too well. Posted: 03 Aug 2021 05:37 PM PDT
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| The real value of crypto is knowledge Posted: 03 Aug 2021 10:12 AM PDT I am pretty young (early 20's) and my job doesn't pay much so my bags are relatively small, however the knowledge I've gained from crypto about money, currencies, economies, inflation, the value of memes, scams, etc is something I'll have for the rest of my life. By doing my own research and actually taking the time to learn what this new thing is, I've set myself up for a new path of managing my own money beyond smoking weed with it and buying almost exclusively experiences. [link] [comments]  | ||
| Binance to bring Bitcoin payments to Shopify via new partnership Posted: 04 Aug 2021 02:18 AM PDT
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| 10 signs you have a crypto trading problem Posted: 04 Aug 2021 02:08 AM PDT Paraphrasing well-known gambling problem markers, here are 10 signs you might have a problematic relationship with cryptocurrencies:
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| DOGE eyes lower to $0.13 level Posted: 04 Aug 2021 03:04 AM PDT
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| Shitposting for Humanity - Crypto mining is a game changer for 3rd world nations Posted: 03 Aug 2021 06:49 PM PDT The amount of upvotes you needed to beat the hourly minimum salary by country: http://imgur.com/gallery/Z5hsBon Shitposting for Humanity, Donate NOW. Send your used smart devices to impoverished families in 3rd world nations, and teach them how to shitpost and mine memecoins to provide a higher standard of living than their nation's average. Jokes aside, with Reddit Moons priced above 30 cents, this makes shitposting on reddit more profitable than day-long grueling work in poor conditions. We've reached a milestone where the decentralization of financial systems can be used to leverage the most impoverished people on earth. While the Top continues to divide the Bottom through false left/right political paradigms, crypto distributes power back to the lower echelons of society, and paves the way for a new horizon out of the centralized deathgrip which Governments have on financial systems. (https://giphy.com/gifs/brrr-money-printer-cranksy-Y2ZUWLrTy63j9T6qrK) This isn't regular gpu mining, this is a global decentralized network of people coming together to perform 'work' only a sentient being can perform. The possibilities are limitless on how this business model can evolve and be applied to different usecases. New social media platforms will emerge where the user is rewarded for their participation, instead of companies like Facebook and Twitter claiming ownership and profits from your data, which is then provided to governments across the world to be used against their citizens. Give a man a fish, he'll eat for a day - Teach a man to shitpost on r/cryptocurrency, he'll eat for a few days probably maybe [link] [comments]  | ||
| Posted: 03 Aug 2021 02:43 PM PDT
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| Posted: 04 Aug 2021 01:29 AM PDT According to CryptoQuant data, OTC trading volume yesterday was 99% and overall exchange volume was just 1%. This usually means some very big players are taking positions. Make of that what you will. This is happening at the same time exchange balances are at all-time lows. Fund flow ratio is the ratio of BTC trading across centralized exchanges to BTC volume observed on the blockchain. When this number goes down, it means P2P, OTC deals are going up. The last time fund flow ratio for all exchanges dropped so low was in October 2020, weeks before BTC reached a new ATH and started to go parabolic. 7.5 million BTC was transferred recently on chain as BTC crossed 40k, almost twice as high as October. [link] [comments]  | ||
| Posted: 03 Aug 2021 04:56 PM PDT I saw a post talking about that you should not expect to be a millionaire one day and you likely wont be. This is wrong, you can be a millionaire, of course theres some needs and steps for it but it is more than possible. Most of people think million is a lot and an unachievable amount of money when its really not(of course there are some countries where even a 100 is a life changing amount of money but we are talking in general) There are more than 50 million millionaires in the entire world, 20 million in the United States alone, so why wouldnt u be one oneday. Lets talk about some interest rates and monthly DCA:ing. If you were to put a $1000 monthly to a stakeable crypto with an 10% interest rate, it would take 23 years to achieve a million dollars. $2000 monthly for 17 years: a million. $500 monthly for 29 years: a million. $200 monthly for 38 years: a million. $100 monthly for 45 years: a million. (this is the total value of your investment in the timeline with total contributions added, of course there are price swings etc. which affect the total amount but these are not added to these numbers.) Sounds like a long time but it really is not when the average retirement age in the world is 67 years. Achieving your first million is not hard it just takes time, patience and some contribution to it. Be happy with your investment and dont let others bring you down or shoot down your dreams, your position is perfect and you are doing a great job DCA:ing [link] [comments]  | ||
| Lots of hilarious and angry messages hidden in Bitcoin transactions Posted: 04 Aug 2021 12:54 AM PDT Blockchair let's you search it: https://blockchair.com/search?q=love+you Just put various words and sentences in the search box. You'll find everything from threats, jokes and questions, to love declarations. Pretty nifty tool. [link] [comments]  | ||
| Posted: 03 Aug 2021 11:22 AM PDT
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| Posted: 04 Aug 2021 01:35 AM PDT So I had some tokens on xDai Chain which I swapped to LINK in order to cash out because I have to finance a family emergency, which unfortunately has bigger expenses than my FIAT savings, so I sold my moons and planned to cash out on other reserves too... Because of the stress I didn't check which network will I use to send the LINK to my Binance LINK deposit address and submitted the request on the ERC20 network... So my funds are gone... Please always send a small test amount first and make sure to use the correct network to avoid mistakes like this. Especially people who are new here. I am trading, HODLing and doing everything crypto related for more than half a year now almost a daily basis and still committed this unbelievably stupid mistake. Please learn from it and be cautious! [link] [comments]  | ||
| Famous Bitcoin Addresses and Transactions Posted: 03 Aug 2021 02:44 PM PDT These are pieces of history anyone can view, stored forever on the most secure network in the world. One of the coolest part about the blockchain being an open, decentralized and immutable ledger is that you can look back into the past at snapshots of very special moments. Here are some famous bitcoin addresses and transactions that involve turning points in the evolution of the currency, or are related to important people or events:
Have I missed any important transactions? If you know any that I failed to mention please comment it on this thread! Hope you enjoy this little peak into history. [link] [comments]  | ||
| Survey shows 40% of US crypto owners forget their password, 20% write their passwords on paper Posted: 03 Aug 2021 08:51 PM PDT
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| Posted: 03 Aug 2021 10:10 PM PDT Facts-
u/willingfact addition
SPECULATIONS
My experience says this sub has the saltiest and the nicest people ever. They'll throw you down and stomp on you when you say shit, other times they'll pick you up award you a platinum and moons when you're low. Between the fiat mining, pandemic and this stage in life, this sub is the best thing that could have happened and it was timed so perfectly. TLDR- if you need one, this post is not for you. Also, Love you all EDIT = I think by now you all know to Do your own research!
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| What’s your (realistic) crypto end-goal? Posted: 04 Aug 2021 02:58 AM PDT I know we all want Lambos and yachts and private islands. But unfortunately a lot, maybe most, of us won't get to THAT Point this late in the game. So, I'm interested to know what your crypto end-goal is that's a bit more modest and grounded? For me, I'd be over the moon with a small deposit for a modest home and enough to take care of my (future) family. If I had enough to gift a small amount of money to my parents, I would be over the moon(s). [link] [comments]  |
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