• Breaking News

    Thursday, September 30, 2021

    Home Unlabelled Cryptocurrency New Moons Distribution (Round 18 Proposal)

    Cryptocurrency New Moons Distribution (Round 18 Proposal)

    September 30, 2021

    Cryptocurrency New Moons Distribution (Round 18 Proposal)

    New Moons Distribution (Round 18 Proposal)

    Posted: 29 Sep 2021 04:05 PM PDT

    Update (9/29): Following this poll, a new rule disincentivizing too many posts and comments in a day has been implemented starting with this distribution.

    Moons are r/CryptoCurrency's version of Community Points. Community Points are a way for users to be rewarded for their contributions to the subreddit, and they can be used on premium features in the community.

    Moons are distributed every 4 weeks based on contributions people make to r/CryptoCurrency. For every distribution, Reddit publishes karma data as a default measure of contribution. The community can review the data and optionally propose an alternative distribution, if they wish.

    This distribution is based on karma earned from 2021-09-01 to 2021-09-28. Here is the data.

    To propose an alternative distribution:

    • You can create a CSV with alternative contribution scores or propose changes to the algorithm used to calculate them from karma (as long as the changes can be implemented easily).
    • The amount of Moons distributed to a user will be proportional to their contribution score. Contribution scores cannot be negative.
    • Make a poll to have the community vote on your proposal. Include an accurate description of the changes you are proposing.
    • In order to pass, the winning option in the poll must meet the decision threshold (minimum number of Moons in support). If it is in favor of the change, it becomes the official contribution measurement (unless there is evidence of abuse in the vote, such as bribery). Algorithm changes will carry forward to future distributions.
    • In case of multiple competing polls passing, the one with the most Moons cast in favor will be the official one.
    • If no alternative passes, the data provided here will become official.

    The contribution scores for this round will be finalized on 2021-10-06. Any poll proposing an alternative needs to be completed by then.

    After the scores are finalized, Reddit will sign the data and publish the final, official data. After that, people with a registered Vault will receive Moons directly into their Vault. Other users will receive their Moons when they create and register a Vault.

    submitted by /u/CommunityPoints
    [link] [comments]

    Daily Discussion - September 30, 2021 (GMT+0)

    Posted: 29 Sep 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:

    • All sub rules apply in this thread. The prior exemption for karma and age requirements is no longer in effect.
    • Discussion topics must be related to cryptocurrency.
    • Behave with civility and politeness. Do not use offensive, racist or homophobic language.
    • Comments will be sorted by newest first.

    Useful Links:

    submitted by /u/AutoModerator
    [link] [comments]

    China Outlawing Crypto Transactions is Backfiring: Chinese People turn to Decentralized Exchanges and Underground Projects with no Control of the CCP

    Posted: 29 Sep 2021 05:21 PM PDT

    The First Reddit Dogecoin Millionaire is no Longer a Millionaire after Losing Up To $150K each Day and not Selling Anything

    Posted: 29 Sep 2021 11:35 PM PDT

    Bitcoin Millionaire Transfers $206 Million Worth of BTC to Binance

    Posted: 29 Sep 2021 11:09 PM PDT

    We are often frustrated at non-crypto people seem to hate crypto, but let's be real: we are in crypto and we can barely stand each others.

    Posted: 29 Sep 2021 09:16 AM PDT

    70% of this sub thinks Safemoon and cryptomoonshot members are annoying little kids with $100 to their names hoping to be the next Barren Wuffett.

    70% of the Safemoon sub thinks this r/cc is full of boomers that love 0.5% APR.

    70% of the ADA sub thinks Chuck Hoskinson is Jesus Christ incarnated.

    99.9% of the Ethereum sub thinks Chuck Hoskinson is a snake oil salesman.

    70% of ERG holders think they're holding "the next ETH".

    99% of all bitcoin sub thinks non-bitcoin crypto are all scamcoins.

    70% of new crypto holders don't even have any bitcoin because they got turned off by the annoying boomer btc maximalism attitude.

    80% of xrp hodlers think it's a real decentralized crypto.

    70% of r/cc thinks xrp is a centralized banking Trojan horse.

    And so on and so forth....

    Also don't forget:

    80% of all statistics are made up and pulled straight out of somebody's asshole.

    99% of all posts on these subs are moon farming attempts by desperate sad fucks.

    70% of all posts with numbers and "percents" are flat out wrong.

    submitted by /u/savage-dragon
    [link] [comments]

    Want to see what a rug pull looks like?

    Posted: 30 Sep 2021 01:07 AM PDT

    Want to see what a rug pull looks like?

    Too many people thinking a regular pump and dump is the same as a rug pull. It's not.

    To give an example - a s*itcoin named Lightcoin was trending/best gainer on Coinmarketcap a few days ago. Had a solid 50% daily pump. 40mill marketcap. Out of curiosity, I check it out, and see all the standard s*itcoin elements: most information can be found on r/cryptomoonshots, made in March 2021, dumped in April 2021, "we have the best community", 10% tax (in and out), some mumbo jumbo on their page, you know the deal.

    So I keep following it. Today I see the price has pumped for another 20%. CMC page looks good. Then I check out a site called poocoin (you can presume the reason it's called poocoin, as it shows data on all BSC tokens/s*itcoins). It has some solid info, such as LP (more on that a bit later), number of holders, charts, recent txs etc.

    ​

    Now for the kicker: though today the CMC page shows healthy, sustainable growth through the last 7 days or so (even today), poocoin paints a bit different picture.

    ​

    https://preview.redd.it/bpmkm86bklq71.png?width=1904&format=png&auto=webp&s=2b85d9443e6d17e7bcfd0e94f0b993b4a5cc3769

    ​

    I know, the red candle of death is a sight to behold. But notice the numbers on the left. Mcap from $30mill to $175k. Liquidity pool is $1k. Over night. This is what a rug pull looks like. All (well almost all) liquidity is drained.

    ​

    Just for comparison, this is your regular pump and dump or sell off by early investors/devs. Same coin, March and April. Not rug pull, because liquidity was still there (for the time being).

    ​

    https://preview.redd.it/aj1ah8k5llq71.png?width=1217&format=png&auto=webp&s=77fcc87401a357043ac9d2dde941366d8c59e691

    ​

    TL; DR: don't invest in s*itcoins on the BSC (or anywhere for that matter). If you really want to gamble, gamble in a place where at least you have 1% chance of winning. With these coins/tokens, there is none.

    ​

    EDIT: as /u/hoanglpr rightfully pointed out, this may be a case of migrating to a new token. The new token shows up at the same time as the last one stopped working. Mcap is at $55mill, LP is at $1mill. If this is all true, my apologies to the team for judging them too quickly (I consider this to be my own learning experience). I'll give them the benefit of the doubt, though if the last few months following tokens on BSC have taught me anything, this is just prolonging the inevitable.

    I remain by my statement that this is what a rug pull looks like, and people should know the difference between a P&D and a rug pull.

    submitted by /u/giddyup281
    [link] [comments]

    'It Is Not Possible to Destroy Crypto,' Elon Musk Says

    Posted: 29 Sep 2021 07:14 PM PDT

    Rapper Lil Uzi exposed for Promoting Rug Pull Scam: Now He is Quietly Deleting his Tweets about It

    Posted: 29 Sep 2021 05:36 AM PDT

    I made an open source crypto trading algorithm that can notify of new listings before they're live on Binance

    Posted: 30 Sep 2021 03:42 AM PDT

    I made an open source crypto trading algorithm that can notify of new listings before they're live on Binance

    It's been nearly two months since I started working on this project and I feel like I'm finally ready to run this live, as my testing showed this strategy to be profitable.

    Here's what I learned during my time testing and developing this crypto trading bot:

    • The algorithm's achievable minimum speed of execution is 0.1s. Anything quicker will incur a temp IP ban from the Binance API.
    • The algorithm buys at the peak of the initial listing even at 0.1s of the coin being listed so buying it not profitable
    • Margin sell orders work in theory, however in practice, most new coins are not immediately listed on margin/futures (found a workaround though)

    With those findings in mind, I had to re-think the way the algorithm works and how it can take advantage of the price jump for initial coin listings on Binance. In case you're not familiar with the behaviour that I'm referring to, have a look at this initial coin listing chart:

    ​

    https://preview.redd.it/rzkkbuckdmq71.png?width=1504&format=png&auto=webp&s=a74a73982c747e3e4e40f2e7599643a17bd0664a

    Most coins seem to experience a massive surge in their price at the moment of listing (usually lasts under 0.1 seconds).

    I first built this bot in order to exploit this phenomenon, but even with a minium achievable speed of 0.1 seconds, this was not profitable, as it was buying at the peak. So I decided to reverse the orders, by placing sell orders instead of buy. Lo and behold this is actually making money!

    11% profit on USDP listing (a stablecoin no less) and 50% profit on GALA.

    The testing showed that shorting coins at the moment of listing is actually profitable, now I just needed to find a way to actually do that when live.

    So I made it so that the tool sends you an e-mail when Binance announces that they will list a new coin. Giving you time to buy it from a different exchange and deposit it into your Binance account. The code will take care of the rest.

    Here's a video on how it works: https://youtu.be/qqXQgwuFI8s

    Source code is available here: https://github.com/CyberPunkMetalHead/binance-trading-bot-new-coins/tree/buy_outside_binance

    And finally, a guide on how to use it: https://www.cryptomaton.org/2021/08/15/coding-a-binance-trading-bot-that-detects-new-coins-the-moment-they-are-listed/

    submitted by /u/CyberPunkMetalHead
    [link] [comments]

    Has Anyone Bought Bitcoin at a Ridiculously Low Price and Actually Managed to Hold Up to This Point?

    Posted: 29 Sep 2021 09:46 PM PDT

    One of the things you'll hear most in the crypto space is people ask themselves "what if I had bought BTC back when it was $100, $10, $1, etc," and not just BTC, but any number of coins or tokens. Obviously, with the price of BTC where it is now, it's hard to imagine that it was ever as low as the examples I gave, let alone that people actually bought and owned BTC at those prices. Yet, for BTC to have come this far, people had to have been buying, mining, and utilizing BTC since its inception when it was below even a dollar.

    With this in mind, is there anyone in this sub that actually managed to buy/mine BTC (or really any crypto), at a very low price relative to where it is now, and actually continued to hold despite the gains?

    Stories of paper handing away low Dollar Cost Averages are also appreciated.

    submitted by /u/SadSam7
    [link] [comments]

    HODL is a strategy only works if your coins will suceed in the future

    Posted: 29 Sep 2021 06:53 PM PDT

    Okay I have a confession to make. I used to invest on shitcoins, scamcoins, lottery and charity coins, etc. This is during May. One of my biggest success was Bonfire, I invested ~$100 when the market cap was $20mil and watch it grow to $500mil in a matter of a week.

    My $100 became close to $3,000 but ofcourse I didn't sell a dime because the roadmap is crazy good (duh) and the AMA was reassuring. Then the May crash happened. I watch my investment shrunk to $2,000 then to $1,000 and then back to my original investment. I felt terrible but who will sell just to breakeven right? Even more so their telegram group scream "HODL" in solidarity which encourages me to wait it out.

    Fast forward in Sept, just 2 weeks ago the devs announced that they will abandon the project and create a new token instead. This is because they can not change the transaction tax and creating NFT marketplace inside the ecosystem would not be feasible by it. In the light of such news the price dumps even more. What worse is that the devs did not promise to issue 1:1 migration which should at least help ease the current holders pain, they just say "fuck it, you are on your own. We sold our bags and move on."

    Safe to say I won't be selling my now $20 worth of coins but you should not feel discouraged to take profit here and there especially if what you're investing is a shitcoins or really small cap coins no matter how bullish or how much faith you have in the project. I lost money but that doesn't mean you have to as well. sometimes HODLING will leave you to become eternal HODLER.

    submitted by /u/LebornVsMikeShinoda
    [link] [comments]

    What does everyone honestly think is going to happen in Q4?

    Posted: 30 Sep 2021 01:47 AM PDT

    I personally think that we are pretty much at the bottom or close to the bottom right here right now however it's always good to keep an open mind either way.

    Some bull signals:

    Bitcoin ETF likely to be announced by November 12th. Other countries looking to adopt bitcoin as legal tender like El Salvador. Bitcoin supply shock very real at the moment. Institutional interest growing rapidly.

    Some bear signals: Evergrande debacle Questions around USA whether they will default on there debt.

    Admittedly I don't know as much bear news but I'm sure there is more out there. I tend to look at more bullish news personally but I realise that it is really good to look at both sides to gain a good perspective.

    What does everyone think? Cheers legends 👊

    submitted by /u/PUMPSII
    [link] [comments]

    Tether Finally Wins The $1 Trillion (!) Lawsuit Regarding Manipulation

    Posted: 30 Sep 2021 03:06 AM PDT

    All this talk about crypto regulation is so ironic coming from scumbags who avoid the current regulations on stock trading by using insider information.

    Posted: 29 Sep 2021 10:38 PM PDT

    Seriously. Fuck these guys You've got GOP representatives buying stocks through their spouses, insider trading by dumping a quarter of a million dollars worth of stock weeks before crucial news is released (because you sit on the subcommittee with oversight on the project) and failing to report stock trades when you've already been involved in a stock scandal EARLIER IN THE YEAR!!

    I mean the hypocrisy is astounding! How do these scum buckets even have the gall to chime in on crypto and propose to literally rewrite the law books when they're doing this type of shit?? They aren't even being smart about it. They're trading on stocks like Tesla and Alibaba but then bitch about the volatility of crypto when Musk literally sends out tweets and plunges the market into chaos.

    Fuck these guys. Buy crypto. HODL crypto. Stake crypto. LP crypto. Earn as much as you can friends. These guys are and they certainly aren't asking your permission to do it.

    submitted by /u/deathtolucky
    [link] [comments]

    Some perspective: if you bought near the all time high and now your ADA/VET/ONE/ERGO/MATIC/etc is deep in the red, you're still in a massively better position than the millions who chased shitcoins that don't have a purpose

    Posted: 29 Sep 2021 05:44 PM PDT

    I was feeling down today and blamed myself for FOMO-ing near the all time highs, when I realized there are millions of people in much worse shape (and made worse decisions).

    Most of my coins are down, but at least they're legitimate projects with real world applications and committed teams. The sun will shine on them again as long as development continues.

    But people who got into SHIB, that lunar-based coin with a cool logo, and the poor misled souls over at cryptomoohnshots are just fucked.

    They have 0 development that doesn't center around "hype". Their only chance of making a profit is if the entire crypto market rises again, and at that point all coins are going to rocket up anyway.

    I realized that as long as I hold non-shitcoins, I have a massive leg up. ADA, VET, ONE, ERGO, MATIC, etc. have enough merits to jump on their own.

    All I need to do is let them continue on their path.

    submitted by /u/toyume
    [link] [comments]

    Australian Banks Still Refuse to Work with Crypto Businesses - likely the same banks who Laundered $387,000,000 for Latin American Drug Cartels

    Posted: 30 Sep 2021 01:45 AM PDT

    U.S. should do 'exact opposite' of China on crypto, says Andreessen Horowitz's Katie Haun

    Posted: 29 Sep 2021 02:48 PM PDT

    ‘I destroyed my life’: Uniswap trader spends $9,500 in fees on $120 transaction

    Posted: 29 Sep 2021 12:25 PM PDT

    Chamath Palihapitiya: Bitcoin Has Effectively Replaced Gold

    Posted: 29 Sep 2021 11:57 PM PDT

    Switzerland approves bitcoin and cryptocurrency investment fund for the first time

    Posted: 30 Sep 2021 02:56 AM PDT

    Switzerland approves bitcoin and cryptocurrency investment fund for the first time

    The Swiss financial watchdog FINMA (Financial Market Supervisory Authority) has approved the first investment fund that will invest primarily in cryptocurrency. This is what news agency Reuters wrote on twitter today.

    ​

    ​

    https://preview.redd.it/96h6smt65mq71.png?width=544&format=png&auto=webp&s=3e724260bc960525b5fc82066085a45e53376db0

    ​

    While this is some great news, there is a small catch:

    FINMA says the new fund, the Crypto Market Index Fund, is only available to qualified investors and falls under the category of "other funds and alternative investment funds," and therefore carries certain risks for customers. By certain risks, FINMA means higher risks.

    submitted by /u/RefugeeDutch_Syrian
    [link] [comments]

    To those who are invested in safe moon and other related coins, why?

    Posted: 29 Sep 2021 08:01 PM PDT

    Title says it all, I want to promote an open an honest discussion about why people are invested in these types of coins without judgement and mass downvoting like you will see on the rest of this sub.

    And I want to hear from the people that are invested in these types of coins as I think harbouring open discussions around these types of things promotes learning instead of the usual discourse that goes on in this sub. I will not judge you, whatever coin it is.

    Any coins that are mass hated on and downvoted are welcome e.g. Safemoon, Shib, Doge and any other dog or safe coin.

    I'm already prepared to get mass downvoted because people love to downvote anything related to these coins in this sub

    EDIT: I didn't realise my thread would get this much attention. I've been pleasantly surprised by your responses, it hasn't devolved into downvoting and shitting on each other :)

    submitted by /u/Skiddley-
    [link] [comments]

    West Ham United is partnering with pioneering FinTech company YIELD App

    Posted: 30 Sep 2021 04:05 AM PDT

    The Dollar Store now has to sell things for more than a $1 due to inflation. Unlike the Bitcoin Store, where everything instead gets cheaper by the day.

    Posted: 29 Sep 2021 09:06 PM PDT

    Part of Reddit Bitcoin history - Did you know that the first bitcoin post in the history of reddit was downvoted?

    Posted: 29 Sep 2021 03:03 PM PDT

    Hi everyone, probably most of you know this story already.

    Exactly eleven years ago, u/MisterLiberty, was posting the first bitcoin post on reddit and that post was downvoted! Even beneath the phenomenal explanation from this young sixteen-year-old man, people were leaving stupid comments not realizing the potential this young guy sees.

    "So you have to waste electricity to make money? I find the idea rather stupid"

    He was far too intelligent for his peers and his view of the society was spot on.

    This is the original post.

    Sadly, a young genius at that time was misunderstood by his generation and even the older one

    submitted by /u/UnexperiencedIT
    [link] [comments]

    For the first time in history a website is being hosted on a decentralized sharded network. Web3.0 is here, and it's running on crypto. Details in comments

    Posted: 29 Sep 2021 06:21 AM PDT

    Crypto.com is totally underrated

    Posted: 29 Sep 2021 07:44 PM PDT

    Hi all

    I am using a few different crypto trading apps and recently downloaded crypto.com mainly because I wanted to see what coins they offer in comparison to other trading platforms, and just wanted to share how excited I am about it.

    Not only the registration process is fully automated which saves a lot of time but the whole app is very user friendly. My favorite feature is the 'supercharge' tool where you can get up to 80% returns.

    It surprises me that nobody seems to be taking about the app and if people ask for recommendations what trading platforms to use, many still recommend Binance and Coinbase (nothing wrong with them).

    Are you using crypto.com? If so, what other features can you recommend?

    submitted by /u/LetsGoToTheMars
    [link] [comments]
    Read more
    at

    No comments:

    Post a Comment