Cryptocurrency Weekly News Summaries - September 26, 2021 (GMT+0) |
- Weekly News Summaries - September 26, 2021 (GMT+0)
- Daily Discussion - September 28, 2021 (GMT+0)
- The miner who got $22.47 million, for processing USDT transaction is refunding the transaction fees.
- 65% of working Americans are willing to be paid in Bitcoin, Ethereum, and Dogecoin
- Bitcoin fear & greed index entered EXTREME FEAR
- What do you think about Stellar (XLM) being connected to Polygon?
- Ladies & Germs, I present to you the latest twist in the scam token that is SafeMoon
- Coinbase dives deeper into banking by letting users deposit paychecks into their accounts. Deposits can be either be in U.S. dollars or immediately transferred into cryptocurrencies with no fees.
- Would you return $22mil in ETH, if it were sent to you by mistake?
- I have money in Crypto I can't afford to lose, but only because it's safer than my country's coin.
- I just got hacked on Coinbase (2fa was on)
- Please god lock your sim to prevent your hard earned crypto from being hacked!
- Why Stablecoin Regulation or Banning Doesn’t Matter...
- I've never lost money because my goal is accumulating sats, not dollars.
- My life has improved drastically.
- Evergrande has near US$50 million payment due tomorrow
- Anyone else feel like crypto is there ONLY CHANCE?
- Second FED President Steps Down Following Embarassing Revelations of Insider Trading: Didnt Some of them Call Crypto the "Fraud"?
- People don't want to believe how manipulated this market has become
- I bought a vegan pizza with Bitcoin in Argentina!
- Three fake pancakeswap apps exist on android play store
- Citadel Responds To Allegations Flying On Social Media, Says Griffin Has 'NEVER' Met Or Spoken With Robinhood's Tenev
- Don't go broke buying the dip.
- What popular crypto opinions do you STRONGLY disagree with?
- Explained: The Vee Finance Hack (September 2021)
- What "popular" blockchain do you think will fail?
- Crypto will never replace the banks. But it can change the way they are working.
| Weekly News Summaries - September 26, 2021 (GMT+0) Posted: 26 Sep 2021 11:00 AM PDT INTRODUCTION Welcome to the Weekly News Summaries megathread. Why does this thread exist? Daily news summaries are not allowed anymore since they were viewed as excessive. In response, the mod team created the Weekly News Summaries megathread for consolidating all periodic news summaries. The goal is to level the playing field between contributors while also creating a convenient all-in-one format for readers to enjoy. STRUCTURE All r/CC rules apply. Only approved contributors are allowed to make top-level comments, ie summaries. Summaries will be sorted by contest mode. This thread will posted every Sunday at 12PM CST and pinned once a week if an open slot is available. Contributors can submit summaries on news articles, coin prices, sentiment, or any crypto related subject. Contributors will post content at their earliest convenience so it might be advantageous if you use the RES extension to subscribe to this thread and find out when content is posted. APPROVED CONTRIBUTORS: RECRUITING CONTRIBUTORS If you have a new type of summary and want to become an approved contributor, submit an application in r/CryptoRecruiting. In your application, ignore most of the questions pertaining to mod recruiting. Simply state what your background is, how much account age and karma you have, and what your news summary will be about. Providing a small preview for your summary will be helpful. If your application is not approved, you can do your own weekly news summaries as a separate post. Be advised, this thread is experimental and a work in progress. Expect future changes. [link] [comments]  | ||
| Daily Discussion - September 28, 2021 (GMT+0) Posted: 27 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:
Useful Links:
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| The miner who got $22.47 million, for processing USDT transaction is refunding the transaction fees. Posted: 27 Sep 2021 10:19 PM PDT The tweet from DeversiFi reads:
I wonder what caused the bug in the first place but it's amazing to see there are good people in the tech like this. Especially since the miner isn't legally obligated to return the funds. For those who don't know the original story: Bitfinex spent 7,626ETH to make a transaction for sending 100,000 USDT to Diversifi. Sorry if this is a repost, I didn't see any post regarding the update yet. [link] [comments]  | ||
| 65% of working Americans are willing to be paid in Bitcoin, Ethereum, and Dogecoin Posted: 27 Sep 2021 04:42 PM PDT
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| Bitcoin fear & greed index entered EXTREME FEAR Posted: 28 Sep 2021 02:00 AM PDT
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| What do you think about Stellar (XLM) being connected to Polygon? Posted: 27 Sep 2021 09:23 PM PDT I read an article today stating that NewsCrypto and Polygon will collaborate to improve interoperability and connect the Polygon and Stellar blockchains. With energy efficiency being important nowadays, I personally like Stellar and also use XLM for crypto transfer with its fast and low energy usage per transaction despite the fact that XLM began as coins to transfer money between exchanges. Pair that with polygon, which uses a revolutionary sidechain method to address some of Ethereum's constraints, such as throughput, bad user experience with high speed and delayed transactions, and a lack of community governance, you've got yourself a force to be reckoned with! Due to the huge capacity of both blockchains, the Stellar-Polygon bridge allows for near-instantaneous swaps at nearly no costs which really sounds amazing! Also, by partnering with NewsCrypto, a further $10 billion in value in XLM will be unlocked for usage in DeFi. In terms of transaction speed, XLM is by far one of the most underrated and promising payment-oriented blockchains currently available. They've developed a lot of relationships and have been diligently improving their network. I believe that both Polygon and Stellars time to shine is approaching. [link] [comments]  | ||
| Ladies & Germs, I present to you the latest twist in the scam token that is SafeMoon Posted: 27 Sep 2021 11:52 PM PDT The whales (devs and management) were selling their bags gradually over the last few weeks and it had come to the point that the price per coin was getting to be pretty much worthless like 0.0000001 - so they came up with a greasy scammy brilliant new twist. They are going to do basically a reverse split but they get super angry if you call it that. In their world it's a token CONSOLIDATION. So, if you had 1 billion tokens you will now have 1 million tokens but instead of 0.0000001 they will be worth 0.0001. The reason that's so brilliantly greasily effective for them is that they can keep selling their bags and run the price down again from 0.0001 till it again adds a few more zeros. Rinse and Repeat. Even though the price per token is close to worthless right now, when you're talking someone who has trillions, even a fraction of a penny can net you good sales proceeds when you dump. Tldr; SafeMoon team doing a reverse split to continue dumping without ppl noticing their coins going down massively in value [link] [comments]  | ||
| Posted: 27 Sep 2021 12:20 PM PDT
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| Would you return $22mil in ETH, if it were sent to you by mistake? Posted: 28 Sep 2021 02:16 AM PDT So, as you know, recently Bitfinex spent 7,626ETH to send 100k USDT to Diversifi. I know, I know, jokes are there, gas fees are high, I have probably spent more than that paying gas fees for buying meme coins on Uniswap etc. I'll try to keep my personal feelings on Bitfinex (and the fact they are a part of the biggest reason of BTC volatility due to futures market manipulation) to myself. But the miner returned it. Well, they kept 50 ETH, but let's pretend they returned everything, and do an experiment here. Would you personally return it or not? Reasons for return: we should be better than this. It is morally right. $20mil makes you a target (that's easily identifiable on the blockchain or if you ever communicated with an address on an exchange that does KYC). Reasons for not returning: if I misspell the address or don't check the gas fee cost, it's on me and I should bite the bullet. Why should this not be the case for Bitfinex? Oh, and yeah, $20mil changes life for me and 3 generations behind me. EDIT: thank you for the award(s), please save it for someone that actually has a good, educational post. [link] [comments]  | ||
| I have money in Crypto I can't afford to lose, but only because it's safer than my country's coin. Posted: 27 Sep 2021 05:36 PM PDT Apologies for the bad English, it's not my first language. As a lot of people already know, a lot of Latin-american countries aren't exactly in the best place when it comes to their economies, more specifically because of inflation and the devaluation of their national coin. We've seen how harsh some crashes can be. Venezuela demonstrated it plenty, and my country Argentina, though not as extreme, suffered a lot as well. I learned about crypto about five years ago, when the worst of our economic troubles were beginning, and it was honestly a saving grace not only for myself but also my family. And funnily enough, I have a redditor to thank for that. A long while ago, before Bitcoin's big boom, I made a comment on a certain subreddit, I don't even remember what it was anymore. But apparently someone thought it was funny enough to deserve an award. So he gave me a lil' bit of bitcoin and told me to "enjoy these couple bucks ;)". I thanked him, but completely forgot about it until a couple years later, when I saw on the news that this Bitcoin thing had gone way up. So I checked the account I'd been sent those coins to, and apparently they'd gone from a couple dollars to around 300. I was amazed. At the time 300 dollars was worth a whole month's salary for some people. So I started investigating, and after educating myself on crypto and the benefits it could have for the future, I decided to give it a shot. Some context. In my country, currently, it is almost impossible to save your money in foreign coins. There's a limit of around 200 dollars you can buy per month, and the government really wants you to have your savings in the national coin, which at that point had started to go waaaaaay down. Over the course of 4-5 years the Argentine peso lost 10 times its value, and now those same 300 dollars would be worth two or three salaries in pesos. And since I was a freelance worker doing gigs for the outside, and since at the time due to national laws my only option to save my money was paypal, which charged insane fees per transaction... I decided to turn to crypto. And it paid off. Without crypto, I never would've been able to save up enough to move out and get my own apartment. Without crypto, I'd have a fraction of the money I have. Without crypto, my life would be so much worse. Yes, it was a huge risk to put a good portion of my money in crypto, but for some people in Latin-america, it's that risk or nothing. Sometimes you have to take those risks to achieve your dreams. Which is why I'm so grateful for crypto, and for the people that helped me out and taught me about it. And especially to the person who first gave me those 2 dollars in bitcoin at the time. That's the real champ. Crypto has changed my life, and I'm sure it'll continue to change it. [link] [comments]  | ||
| I just got hacked on Coinbase (2fa was on) Posted: 27 Sep 2021 11:42 AM PDT I've been a crypto user for years. I'm strong believer in "Not your keys, not your coins." But, I was convinced that Coinbase (along with 2fa) was safe enough, for my to stake my ethereum for ETH2. It's been 3 months, and today someone hacked my account (presumably by spoofing my phone number). I received a text message that my 2FA had been changed. Then within 20 min started getting dozens of emails that the hacker was using my saved bank account to purchase thousands of dollars in BTC. They also converted a few hundred dollars in dust to BTC…and within 15 min….years and years of dedication towards crypto….. The scammer now has control of my coins, and account….all I can do is wait for Coinbase to respond, and pray that I get my funds back. TLDR- NOT YOUR KEYS, NOT YOUR FUCKING COINS! 😞 Edit: it seems likely I got SIM swapped - my cell carrier was recently involved in a huge data leak too. Not sure how they bypassed my Google Authenticator, though… Edit 2:After further discussions, it's also likely that I got phished. I was also a victim in the Ledger leak - (thankfully majority of my holdings are offline) and I've been a target for numerous phishing emails. I thought I had been diligent. But, ya never know. Edit 3: Would anyone else be amused that I am also a former Bitgrail 'customer'...? FML Update 1: I spoke with Coinbase - they credited the $2000 that was stolen from my bank account almost instantly. Of corse, my bank basically told me to get lost and good luck. I genuinely give Coinbase credit for how prompt they've been. They even refunded the $2k, prior to me finalizing the account access. So, I'll update once I have regained access to my account. Also, for those interested - I ran a full security scan of both my iphone and PC - neither of which seem have any threats detected. - looking as though the most likely explanation is a phishing breach (I'm embarrassed to even consider it), coupled with a data leak that I was involved in. [link] [comments]  | ||
| Please god lock your sim to prevent your hard earned crypto from being hacked! Posted: 27 Sep 2021 05:18 PM PDT I keep seeing more and more stories of people getting wiped out by hackers doing sim swaps. Basically this is when a hacker gets your basic data and contacts your service provider saying they "lost their phone" or similar and getting your sim swapped to a new phone they have. This means they can typically access your exchanges and crypto with the combined info from the hack and the phone access. For IOS all you have to so it go to cellular, sim pin, and slide the slider right and enter your pin. If you don't know it just contact your service provider and they can do it for you. If you've already locked yourself out with attempts they can still set it up for you. What this does (for most providers) is make your provider contact you and obtain a verbal confirmation of your pin along with a second layer of verification. It isn't completely unhackable but is a much bigger barrier to hacking your stuff. TLDR: don't lose your crypto to a sim swap, turn on your sim PIN requirement, it is super easy and fast (instructions for IOS above). Edit: Make sure you contact your providers customer service in addition to enabling the setting on your phone so that they protect your sim on the back end (they can add another layer of security when you call them) this function in settings may only protect your actual physical phone depending on the setup I'm still trying to figure out the optimal way for sim swap security, but the safest advice is to change the setting yourself in your phone AND contact your provider to have them put the sim lock setting on their side as well just to be safe. Also thanks for all the support, love and awards this community is the best! [link] [comments]  | ||
| Why Stablecoin Regulation or Banning Doesn’t Matter... Posted: 27 Sep 2021 10:52 AM PDT It is important to have a complete picture of stablecoins and their continued innovation to understand why regulation will have no effect and not change what is inevitably going to happen, a complete replacement of centralized fiat currency. We'll cover the uses of stablecoins, legacy banking (business model and asset erosion), how stablecoins work, the advantages and disadvantages of the different stablecoin solutions, how money is made with stablecoins, why they are the target of regulation and what does an unstoppable, regulation-proof stablecoin look like. How are Stablecoins Used? Cross-border payments occur in smaller, closed financial networks requiring middlemen to facilitate these transactions. These middlemen have made cross-border payments expensive, slow and restrictive. McKinsey & Company estimates that the financial system generates $2T annually from these payments. Ridiculous. Cross-border payments are made fast, easy and considerably less expensive than legacy banking systems by using stablecoins. With stablecoins, you can "stay in crypto" without having to go into a fiat currency to store value. This saves time, cost and keeps you in full control of your money because you are no longer in the banking system, while maintaining price stability. Leverage: Crypto-collateralized stablecoins can be used to increase your position in a particular cryptocurrency. If you own ETH, you can "mint" a stablecoin by pledging ETH as collateral to mint a stablecoin. With that stablecoin, you can now buy more ETH to mint more stablecoin and so on. This is a technique to leverage your crypto position. This yield farming concept became popular in the summer of 2020 when crypto traders and stakers were accelerating their returns in staking pools by leveraging up their position (to then stake in proof of stake and liquidity pools). Legacy Banking: Middlemen And The Money Printer The entire legacy banking system is built on fees and interest on money they don't own. Many think that banks accept deposits to lend it back to you at a higher rate. There is more going on here. Banks take your deposits and use that as their reserve requirement so that they can borrow many times that amount from the federal reserve bank. Then, that capital is used for lending to yield much higher returns (because they leveraged up their lending capacity). It is ALL inflation. Meanwhile, you get sub 1% on your deposits. 30-40% of all the U.S. dollars in existence today were printed out of thin air in a 12-month period. If the USD was a cryptocurrency, it might be one of the worse ones. With this and the talk of stablecoin regulation, stablecoins backed by the USD may not be so "stable" in the future. With the "bail in" laws passed by the Obama administration, depositors can have their capital seized if their bank fails. This law puts depositors first in line to cover any insolvencies a failed bank will have. It is unfair and dishonest that you may have to pay for a banker's risk taking and not get the benefit from the endless inflation of fiat currency that is printed out of thin air. Yields in cryptocurrency are quickly eroding at the asset base (reserves they can use to borrow from the fed) of traditional banks. Consumers are moving to much higher yielding cryptocurrency staking to earn transaction fees in liquidity pools and rewards/interest for staking to validate blockchain transactions (Ex. Proof Of Stake Blockchain Consensus). Types Of Stablecoins And How They Work Understanding stablecoin innovation as the race to decentralization continues: 1. Centralized and Physically Asset-Backed. Stablecoins like Tether and Paxos Gold physically back their cryptocurrency with USD and physical gold, respectively. You buy these on the open market or supply the physical collateral/USD for these protocols to "mint" new stablecoin. This is a great way to store value. However, centralized systems require faith that 1 Tether actually returns 1 USD when you redeem. Tether has come under scrutiny with claims that there is not actually a 1:1 Tether/USD ratio. Furthermore, systems like this are easily shut down by banks or regulators. Physical asset-backed stablecoins provide an attractive alternative to invest in the cryptocurrency market, while giving you exposure to another asset like gold. 2. Crypto-Collateralized. The stablecoin market, then, evolved to take a step to further decentralization. Stablecoins like MakeDAO use ETH-based cryptocurrencies as collateral to mint their stablecoin. With systems like this, you are not relying on a centralized authority or entity to "back" the stablecoin. It is only you pledging collateral to a smart contract which is public proof that it exists as collateral on the blockchain. This gives you certainty that the system truly has underlying value that can't be taken away or falsified (like the Tether accusations). However, in times of market volatility, your collateral can be liquidated if the "loan to value" ratio breaks a threshold. 3. Algorithmic Purely algorithmic stablecoins rely on market forces and smart contract software rules to maintain the price of the dollar or whatever asset they are tracking. Terra Luna is a 2-token system (utility token and stablecoin) that allows you to burn one of the tokens to mint the other in times of stablecoin price instability. For example, if the price of TerraUSD is above the dollar, you can burn the utility token for TerraUSD at the exchange rate at the price it should be. Then, you can sell for a profit helping to bring the price back down of 1 TerraUSD equal to 1 USD. Incentivizing the market keeps the stablecoin at the price it should be. Purely algorithmic stablecoins have no underlying collateral. If market forces fail or there are issues with the software code, there is no recourse to get your money back. How do you make money with stablecoins? There are two ways: Leverage and Trading. Staking. 1. Leverage and Trading Cryptocurrency traders use crypto-backed stablecoins to leverage up their position in a particular crypto as described in the MakeDAO example. This accelerates returns if the price goes their way. If not, liquidation and loss can happen quickly during market downturns. Stablecoins provide a "neutral" position for crypto traders so they can capture profits and be ready for the next trade. 2. Staking Staking involves locking up your fiat-backed stablecoins where you will earn interest or rewards. The most well-known staking is in proof of stake blockchain protocols where you earn part of the transaction fees of the network. You could also stake in a decentralized lending platform like AAVE to earn interest or stake in a liquidity pool in a decentralized exchange like UniSwap. In UniSwap, you earn transaction fees for providing liquidity to traders of that decentralized exchange. A Regulation Target Let's face it. Regulation of crypto is all about trying to maintain control and the threat to the US Dollar World Reserve Currency status. The US government would lose the ability to print money out of thin air for political control and to loan/donate to countries for "favors" and decisions that could potentially benefit the US. Crypto makes it more difficult to track transactions and people. This is not acceptable to the US government. Biden recently began tracking all USD bank accounts with more than $600, a complete violation of the 4th amendment and many other things. The "infrastructure bill" has provisions where everyone in crypto is a broker and subject to KYC compliance. How can a blockchain developer track who is using software that has been released to the world and has a life of its own (the nature of decentralization)? Stablecoins are the target because they remove the need to go back into fiat, where KYC and tracking can occur. Stablecoins are also widely used. SEC Chairman Gensler said "that roughly 75% of all crypto trades involve some kind of stablecoin". For the first time in history, we have a technology that has the potential to change the relationship between man and government. This change is in favor of the individual so governments are fighting it. Effects of Regulation Overreach
What does decentralized finance mean in this context? Since a stablecoin is a cryptocurrency in the government's crosshairs, decentralization is crucial. It means that every aspect of the protocol cannot be influenced, seized or shut down by any government, bank or organization. Every part of a defi protocol needs to be capture proof. This makes it a safer choice for many people who want to keep their money safe from governmental interference and manipulation. The process of decentralization This is not easy, but it can be achieved by using distributed ledger technology. This is the technology that is used to record transaction history and information on many computers or "nodes" at once. When all nodes are updated with the same information, this data cannot be changed or falsified. This allows for a defi stablecoin to be fully transparent, unchangeable and accessible to all users. As you can imagine, this will be an excellent choice for anyone who wants to keep their money safe but also remain anonymous. Despite the progress in defi, a vast majority if not all blockchain dApps (decentralized apps) are not fully decentralized. Website servers, domains and server access to blockchains, like Infura for ETH blockchain access, are still centralized and can be captured. Case in point is when UniSwap delisted all stablecoins from its "decentralized exchange" front end at the potential threat of the SEC regulating stablecoins and investigating UniSwap. Liquidity pools for these stablecoins plummeted even though they are decentralized on the blockchain. The front-end access is not. Protocols like the Internet Computer and Cartesi have solutions to decentralize front servers and cloud computing. However, the crypto industry has yet to take the final step. TLDR: A regulation proof stablecoin To be truly decentralized, a regulation proof stablecoin needs to be both crypto-collaterallized and algorithmic. It cannot have any single entity in the process like what we see in all of the physically asset or USD-backed centralized systems. Having the stablecoin backed by other cryptocurrencies gives faith in the system that there is underlying value that can be redeemed at any time without centralization. Also, it must be algorithmic to provide further price stability. This is the best possible combination of stablecoin capabilities that exists in the market. All of the processes must occur in the smart contract on the blockchain making it unchangeable and visible to everyone. Front end website, website server and blockchain access also must be decentralized with multiple, capture proof access points. Furthermore, a stablecoin cannot be pegged to a fiat currency price since most will just be inflated into oblivion. Tracking the price of a physical asset, like precious metals, is a much better store of value. Philosophically, the creation of currency should be decentralized rather than a single entity controlling the money supply for a nation. Since the best currencies have an underlying asset, the collateral owner should be the one earning the interest. BankX is building this type of a fully decentralized, trustless, silver-pegged stablecoin where you earn interest the entire time it is in circulation. If you would like to learn more, join: r/BankX [link] [comments]  | ||
| I've never lost money because my goal is accumulating sats, not dollars. Posted: 28 Sep 2021 01:08 AM PDT One of the biggest mistakes newbies make is pricing everything in dollars. Dollar is a shitcoin. The Fed can outpace your profits by printing another trillion at any time. When I first got into bitcoin, I made the same mistakes. Oftentimes, I was gaining dollars but losing sats without even realising it. I stopped actively trading few years ago and I've never lost money since. My strategy since 2018 has been making monthly recurring purchases. I have auto DCA set up. There are apps that allow you to auto DCA as little as even $10. With my auto DCA strategy, I don't worry about whether the price is going up or down. I rarely look at the charts. Every month, my BTC stack is growing regardless of the dollar price. Bitcoin is the hardest and most valuable money in the world. Everything else is a short term distraction. Your goal should be to accumulate as much of the 21 million BTC as you can. You're in a race against 8 billion people. Stop looking at the price every day. Stop overtrading. It's stressful and very rarely ends well. So many day traders and leverage traders have made millions and ended up losing everything on one bad trade. Stop listening to social media influencers and celebrities. They're full of shit. They prey on your ignorance to line their own pockets. Keep it simple and stress free. Switch to low time preference. Start working towards a simple accumulation strategy with the goal of having more sats than you did last month. [link] [comments]  | ||
| My life has improved drastically. Posted: 27 Sep 2021 08:47 PM PDT Cryptocurrency, and this sub tangentially have improved my quality of life very drastically over the last year. I used to be very depressed, with really no hope for the future, no goals, and really not much to live for. Learning about, discussing, and investing in crypto, with a lot of that happening here, in this sub, has filled me with so much energy, joy, and passion over the last 11 months or so that it's really kept me going. I've been able to distract myself from some of the hardships of life with what I've found to be one of the best 'hobbies' out there. Cryptocurrency and this sub as a whole have given me a new hope for the future, and honestly a reason to look forward to waking up tomorrow. And for that, I thank you all! Infinite Love 💕 [link] [comments]  | ||
| Evergrande has near US$50 million payment due tomorrow Posted: 28 Sep 2021 03:46 AM PDT
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| Anyone else feel like crypto is there ONLY CHANCE? Posted: 27 Sep 2021 10:44 AM PDT I have worked my butt off most my life and don't have much to show for it, injuries and illness have taken a toll and bad choices didn't help achieve most goals . My paycheques cover my bills but don't really offer much in the means of security ,and when I've had an injury or I've gotten sick ; any savings has been depleted rather quickly. I invest in crypto not only cause I believe in it but because that hope that it can give me a better quality of life is really something I need. Anyone else feel like they will never get ahead unless their investments pay off or they hit the lottery or something? *edit ** I fully understand the difference between their/they're /there . I wrote that just as my break was ending and rushed it and you cannot edit a title. Mistakes do happen in life and people being extremely rude is just indicative of the Internet now I guess. Thank you for all the kind people so far ***** thank you for all the awards! It means a lot **** [link] [comments]  | ||
| Posted: 27 Sep 2021 05:31 PM PDT
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| People don't want to believe how manipulated this market has become Posted: 27 Sep 2021 09:33 PM PDT Last week I made a post about what was happening in the market. While I have been proven right with time its obvious that people are in denial just how much the CME and leverage now control short term movements Yesterday I commented early in the morning about why the price pumped over the weekend and would dump "Its options expiration Max pain has been between $42k and $45k since start of September This low volume pump is manipulation to expire as many puts as possible worthless. While also making sure calls are worthless Expect a dump at 8AM UTC after expiration as shorts on ETH are still high and a lot of retail has FOMOed in after seeing the weekend $4k pump. Or sometime tmw The whales are going to liquidated the longs retesting the 20 Weekly MA at ~$41,500. Then bounce up to $50k" Obviously I was downvoted We need to start being honest:
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| I bought a vegan pizza with Bitcoin in Argentina! Posted: 27 Sep 2021 08:31 PM PDT
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| Three fake pancakeswap apps exist on android play store Posted: 27 Sep 2021 05:15 AM PDT My dear crypto friends, pay attention (expecially for New user). If you have Heard of pancakeswap service, be aware that it does exist in web version only. NO APP VERSION. Today i opened Google play store to check some updates, instead i encountered a pancakeswap app. HOLY F*CK i said, how was It possible that i missed a official app release? I had not. Like Always, scammers. They created THREE fake pancakeswap app in order to steal your private key. Thousands of download. Now stop reading this post and go report those scammers, maybe leave a bad review if u can so that people be aware Edit: link of the three fake apps https://play.google.com/store/apps/details?id=com.pancake.newmobile.wallets https://play.google.com/store/apps/details?id=pancakeswap.development.team https://play.google.com/store/apps/details?id=com.devhub.trustwallet_app Update: One of the three apps (second link) Is down, well done reddit. [link] [comments]  | ||
| Posted: 27 Sep 2021 08:56 PM PDT
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| Don't go broke buying the dip. Posted: 28 Sep 2021 01:07 AM PDT Don't go broke buying the dip by investing all your money now at once and risk another dip. Buy the dip is all we hear but let this be your reminder to not go broke on it. Only and only invest what you can lose. Always make sure you leave fiat aside for emergencies and life costs. Crypto can double your money but you wouldn't be the first to lose it all over night hoping to pump up the little savings you have. Take it slow, do it smart and you'll be less worried all the time. Think logic, don't fomo in and good luck people. [link] [comments]  | ||
| What popular crypto opinions do you STRONGLY disagree with? Posted: 27 Sep 2021 02:36 PM PDT Tell me what crypto opinions you disagree with, that are extremely popular on this sub and in the crypto world in general! Do you think Shiba is actually a good investment? Do you think people should be avoiding Bitcoin? Do you like pineapple on pizza? Do you believe Elon Musk is actually good for crypto, and should be crowned the crypto king? The more unpopular, the better! This is a safe space to share your controversial, or even idiotic opinions! I'll give my own example: I hate DCAing. I know you can't time the market, but I'd much rather try to buy dips than put a steady amount into crypto each week! [link] [comments]  | ||
| Explained: The Vee Finance Hack (September 2021) Posted: 28 Sep 2021 12:00 AM PDT
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| What "popular" blockchain do you think will fail? Posted: 27 Sep 2021 06:43 AM PDT I recently posted on Factom, an often mentioned blockchain in 2017 that is now a failed blockchain. Not every blockchain that is around today will survive the next 5 years. It can be hard to see a failing blockchain because they often drop during a bear market, when everything else drops, but then do not bounce back during the next bull market. What "popular" blockchain do you think will reach its ATH during this bull run and not bounce back after the next bear market? (include why) **please do not downvote everyone who comments a blockchain that you are bullish on and think they are completely wrong about [link] [comments]  | ||
| Crypto will never replace the banks. But it can change the way they are working. Posted: 28 Sep 2021 12:33 AM PDT So this is a small rant about all those guys telling: "Crypto can replace the banks" No it can't. I really wish it could but it ain't gonna happen. I don't like how most banks are working currently but to replace them fully isn't really realistic. There are way too many people not interested in Crypto. The system of banks is easier for older people to use. The risk of getting scammed is way smaller than with crypto. (yes you get scammed all day by banks but it's "only" a few % of fees/inflation instead of your full investment) Let's face it: The goal of Crypto shouldn't be to replace the banks. The goal should be to change the way banks are currently working. Lowering fees for international transfers. Lowering fees for just letting money in your banking account. Being more user-friendly. [link] [comments]  |
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