Cryptocurrency Daily Discussion - October 18, 2021 (GMT+0) |
- Daily Discussion - October 18, 2021 (GMT+0)
- you want actually unpopular opinions? here we go
- You like ATHs? Bitcoin just had the highest weekly close of all time.
- Cardano is overhyped and the tech behind it isn’t that good
- TIL Google pays Apple about $12 billion every year to make Google the default search engine and to disable YT videos from playing in the background. According to the DOJ lawsuit, this is 15-20% of Apple's global income.
- Rapper SouljaBoy is shilling a Shitcoin again. Please stay away from it. He has been shilling random Shitcoins for a while now once he accidentally revealed how much he got paid to shill a Shitcoin.
- Be greedy when others are greedy, and be greedy when others are fearful. Always be greedy
- 94.6% of News articles about Shiba are paid shills
- What are your top coins to invest in for passive income?
- List of comments to gain moons from
- Global esports team Ninjas in Pyjamas partners with Zilliqa and enters the cryptoverse ��
- We are about the same amount of days since the 2020 halving as when Bitcoin reached its December 2017 all time high after the 2016 halving
- Crypto motivated me to get a better job
- 99% of all bitcoin supply is now in profit
- Bitcoin Whales are getting weaker which means market manipulation will become harder.
- The moment I see "community driven" as a main point in a crypto advertisement or a project I feel like I want to puke.
- Ethereum developers plan to switch off proof-of-work forever by February 2022
- Cardano use cases will boost its value moving forward
- Bullish for BAT! What Brave is doing for industry standards : Encrypting DNS Zone Transfers - fixing a long standing privacy and security hole!
- The entire crypto market cap hits at an all-time high of $2.6 trillion.
- A Polaroid camera changed my crypto game
- Can people please tell me why Algorand is such a good project?
- People are making millions in crypto because they started investing earlier and they keep investing their money to this day.
- Dip Incoming? Surging Open Interest and Leverage May Lead to Bitcoin Market Correction
- Anyone else starting to recognise people's usernames in this community?
| Daily Discussion - October 18, 2021 (GMT+0) Posted: 17 Oct 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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| you want actually unpopular opinions? here we go Posted: 18 Oct 2021 12:17 AM PDT
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| You like ATHs? Bitcoin just had the highest weekly close of all time. Posted: 17 Oct 2021 05:00 PM PDT
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| Cardano is overhyped and the tech behind it isn’t that good Posted: 18 Oct 2021 01:49 AM PDT This isn't a shit post, bear with me and use the link at the bottom for proof of my reasoning. I'm going to keep this short because the link I'm providing will help shed light on the topic, but essentially there is this belief that Cardano is going to kill Ethereum and dramatically change the Crypto space, but most of this belief is based on people making faulty assumptions without backing it with research, a lot of overblown hype from retail investors on social media, and the love of Charles more than an actual analysis and understanding of Cardano. For example, they just now are discovering fee markets, which was covered in Ethereum's 1st 2013 whitepaper, and implemented for its first release in 2015. Use the link below that takes you to the page describing the many issues with Cardano and its tech. Edit: This isn't about whether or not investing in Cardano is good/bad or if it's profitable or not. It's about the tech behind the project being overhyped, but also not as good as people think Edit: Actually read the link attached [link] [comments]  | ||
| Posted: 18 Oct 2021 12:35 AM PDT I was trying to estimate the value of Brave browser and its associated token when I came across these articles about what Google pays Apple. 2021 estimate of Google/Apple deal is actually $15 Billion per year: https://gizmodo.com/google-will-continue-to-pay-apple-billions-to-keep-you-1847564608 Oct. 2020 US Department of Justice lawsuit:
https://www.justice.gov/opa/pr/justice-department-sues-monopolist-google-violating-antitrust-laws 2020 summary of DOJ lawsuit: https://www.cnet.com/tech/mobile/google-was-sued-by-the-us-government-heres-what-that-means-for-you/ Further, Google also pays Firefox an estimated $400-450 Million per year, and Google's payment represents almost the entirety of Firefox's income. The Firefox user base has been steadily declining, losing about 1 million users per month over the last year, and it's approx. 200M user base currently represents an estimated 3.5% market share of the total browser market. https://www.theverge.com/2020/8/15/21370020/mozilla-google-firefox-search-engine-browser https://en.wikipedia.org/wiki/Usage_share_of_web_browsers?wprov=sfla1 https://data.firefox.com/dashboard/user-activity Brave Browser added an average of 1.5 million users per month over the last year, doubling it's user base from 18M to 36M users. BAT currently has a market cap of just over $1B. [link] [comments]  | ||
| Posted: 17 Oct 2021 07:45 PM PDT
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| Be greedy when others are greedy, and be greedy when others are fearful. Always be greedy Posted: 17 Oct 2021 11:29 PM PDT Always be greedy, regardless of how others are feeling. This advice contradicts Warren Buffet's advice, but what does he know about crypto? He called Bitcoin rat poison. So don't take his advice, take mine instead, here is why. If you were around in 2017 and you bought BTC at 10K, then it went to 17K, then to 3k, when was the right time to buy? Well: All the time right? Even if you bought the top in 2017, you would be in profit. Because you can't time the market, you're probably better of just always being greedy. Buy every top and every bottom and get as much BTC as you can. When you think about selling, stop thinking. When you think about buying, go ahead. BTC will not always go up, but it's more likely to go up than the dollar. Feeling greedy? Good. Feeling fearful? Bad, be greedy instead. [link] [comments]  | ||
| 94.6% of News articles about Shiba are paid shills Posted: 17 Oct 2021 07:17 PM PDT Feed the most recent one... If you had invested x amount into x coin on x date you would be up X amount.Wow. This can be said for any popular investment in recorded history. If you invested in lumber before the pandemic you'd have x amount. These articles are clearly paid for because it's not really journalism. Anyone can make a post about how much you'd be up if x, y, and z happened. These are kill 2 birds with one stone shills paid for as reminders to holders to keep holding , and noobs to buy or they will keep missing out. There's much vested interest in alts like these and they are just there to make $$$$... It will never have any real use in the future over and above anything else. Just rename it to SafeDoge to align with the direction it's headed. [link] [comments]  | ||
| What are your top coins to invest in for passive income? Posted: 17 Oct 2021 09:08 PM PDT Just as the title says what coin or coins are your favorite for passive income. With there being thousands of coins all earning different APY percentages it can be hard to choose which coin my be the best. When I first learned about staking I thought It would be great to invest in coins with 90% APY like CAKE, but is that 90% going to be a better option than staking something like ETH or BTC at a much smaller amount like 5-7% that may have a better chance for growth and not as risky as an invest. Through my crypto journey so far I have found a few coins I believe in for the long term not just because of their APY I am earning but they also have a purpose. So far some of my favorites that I am earning passive income on is ETH, ATOM, DOT, ALGO, XTZ, MATIC, ONE and XPR. What are some your favorite projects your staking? [link] [comments]  | ||
| List of comments to gain moons from Posted: 18 Oct 2021 03:00 AM PDT Since we all love moons, and comments are the best way to farm them, I have decided to make a list, compiling all of the best comments to farm moons. These will only be useful for a certain kind of post, so always use the comment you feel is the most relevant, no point in typing "Buy High, Sell Low" in a post complaining about the politicians trying to FUD crypto. "Buy High, Sell Low" Anything positive about NANO, ALGO, BTC, ETH and ADA Anything negative about Safemoon and Shiba "Inject the hopium".. perhaps add "into my veins" or if you wanna be controversial, "like I was roleplaying the chinese and you were roleplaying the british" "Fuck the congress" "Apes together strong" many of us both use r/wallstreetbets and r/cryptocurrency so all of their signature comments works here aswell "DCA" And other normie boomer investing words. Some guys are apparantly here for making money?? "Ahh a fellow moonfarmer" Random GIF that fits the post, this is literally one of the easiest ways to earn moons "Fuck bitboy" and if you wanna be controversial, "Bitboy did 9/11" "DYOR" "Not your keys, not your crypto" "Nobody knows shit about fuck" "Buy the rumour, sell the news" Now sort by new, and you are good to go. You are welcome to add more in the comments i forgot, you guys moonfarming right now [link] [comments]  | ||
| Global esports team Ninjas in Pyjamas partners with Zilliqa and enters the cryptoverse �� Posted: 18 Oct 2021 02:05 AM PDT
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| Posted: 18 Oct 2021 02:25 AM PDT The 2016 halving occurred on 10th July. Bitcoin reached its ATH for that cycle (of a little under $20k) on December 17th 2017. That was 17 months and 7 days after the halving. The most recent having occurred on 11th May 2020. That was 17 months and 7 days ago. So we are now at roughly the same stage of the 4 year halving cycle as when Bitcoin reached its previous peak (I say roughly as the halving doesn't occur exactly every 4 years). Does this mean we should be seeing Bitcoin's peak right now? Well, Bitcoin hit its ATH in November 2013 exactly 12 months after the 2012 halving. So the ATH that came after the 2016 halving took about 5 months longer to reach than the ATH that came after the 2012 halving, so one theory is that each cycle from halving to ATH becomes longer. But it's just that- a theory. I'm not much of a TA person (as you can probably tell by my lack of TA terms and diagrams with lines on them). I don't really look at charts. But I am interested in the having cycle and thought I'd share roughly where we currently are in this cycle compared to the previous ones, in case some of you out there find it interesting too. [link] [comments]  | ||
| Crypto motivated me to get a better job Posted: 17 Oct 2021 08:54 PM PDT Tomorrow, I start a new career that I probably wouldn't have if it weren't for crypto. For the past two and a half years I've been working in a dead end job that had no room for growth, was pretty meaningless to me, and didn't pay well. Why? Because it was easy and I was comfortable. I've never had a lot of motivation to do anything in my life. Investing in crypto and leaning about how much potential is in blockchain technology has literally motivated me to work harder to get a better job so I can buy more crypto. It's my hope that not only will this be a positive investment, but that it will continue to motivate me to make a better life for myself. This all may sound ridiculous but any improvement is good and I'll take motivation where I can get it. A big thank you to this community for all the positivity and education. I view this subreddit as the absolute cornerstone of the crypto space for better or for worse, I love you guys and gals. Have a good day and I hope all your coins go to the moon. Edit: Wow! Thank you all so much for all the kind words and awards. Reading all of this has given me even more motivation to do my best today. [link] [comments]  | ||
| 99% of all bitcoin supply is now in profit Posted: 18 Oct 2021 12:20 AM PDT
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| Bitcoin Whales are getting weaker which means market manipulation will become harder. Posted: 18 Oct 2021 03:48 AM PDT Accordingly to Glassnode, The average holdings of Bitcoin whales are decreasing, with the number of addresses holding 1,000+ Bitcoin dropping to just 82 which is the lowest point since 2012. Although the number of addresses holding 100 to 1,000 Bitcoin has increased significantly in the past few weeks. It seems like the whales are getting smaller, this is a really good news for future as it means that market manipulation will become much harder and Bitcoin will become more decentralised. The counter point of this could be that there can be a scenario where a single owner can split their holdings into multiple addresses. [link] [comments]  | ||
| Posted: 17 Oct 2021 06:19 PM PDT During the last year or so, I've noticed how "community driven" became such a baseless buzzword it might just become a synonym for rugpull. I've seen lots of projects on the binance scam chain that try to sell you a place in their community, "buy our token join our community" meanwhile their token does jackshit and its only use is to be traded, no utility or problem solving, just buy and hold it'll moon when It becomes popular. But you see, the problem is that it happened once or twice, a token without any actual use mooned and people think it'll it'll happen again to their community. Hype will only get you so far, a token needs actual use to survive in the long term. [link] [comments]  | ||
| Ethereum developers plan to switch off proof-of-work forever by February 2022 Posted: 18 Oct 2021 01:17 AM PDT
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| Cardano use cases will boost its value moving forward Posted: 17 Oct 2021 07:05 PM PDT
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| Posted: 18 Oct 2021 03:32 AM PDT
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| The entire crypto market cap hits at an all-time high of $2.6 trillion. Posted: 18 Oct 2021 01:09 AM PDT
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| A Polaroid camera changed my crypto game Posted: 17 Oct 2021 06:56 PM PDT TLDR: the Polaroid camera is the DIY cold storage of the passphrase world. I used to get nervous that I wrote down my pass phrases wrong. Now I just Polaroid the screen for new wallets. I used to have to copy down all of my different dozens of phrases just to have duplicates. Now I just Polaroid the existing Polaroids (it worlds surprisingly well). I never wanted to take a screenshot of any of my phrases because I didn't want it hot. Polaroids don't even know what the internet is. I even considered taking a picture with an old digital camera and then taking the film to CVS to get developed like I was a 82 years old. But can I trust that sketchy lady behind the counter? Polaroids don't need that boomer photo development crap. I'm telling ya, buy a Polaroid and thank me later. EDIT: I've gotten some questions about fading photos, so here's my response from below: Polaroids only fade with ongoing exposure to oxygen. So put them in a ziplock freezer bag and suck the air out with your mouth as you close the lock. They should last 30+ years that way, unless the internet is lying to me. [link] [comments]  | ||
| Can people please tell me why Algorand is such a good project? Posted: 17 Oct 2021 11:45 PM PDT Oh my god, literally every post I click on in this subreddit mentions Algorand and how it's such a great project. But what makes it such a good project? I never hear anything about why it's so amazing, or at the very least more amazing than other cryptocurrencies. "It's good for the environment!" This isn't a reason, more than 50% of crypto's use POS which makes them just as environmentally friendly as ALGO. "It has automatic staking!" If the person who has bought cryptocurrency can't figure out how to stake ADA through Yoroi, or Matic through Metamask, they should probably not be investing in cryptocurrency. "It has smart contracts" Again, even Cardano has smart contracts now, this is not a huge selling point that is making me excited for ALGO. "It has cheap transactions." BCH has cheap transactions, Polygon has cheap transactions, XLM, AVAX, XRP, NANO, EOS, XDAI, CELO, SOL, all have cheap transactions. And yes, most of these points can be attributed to 90% of cryptocurrencies, but they don't nearly have the amount of shilling that Algorand does on this subreddit. Despite what I've said I can see that Algorand has a dedicated team behind it and an ecosystem that is starting to explode right now. So enlighten me on why it's so great, and if you convince me I'll put $10,000 into Algorand. [link] [comments]  | ||
| Posted: 17 Oct 2021 01:27 PM PDT This is sort of a response to the post earlier that you need several thousands to start with. Crypto is still a new space even though it's been around for 10 years. Majority of crypto hodlers are on the younger side so it's a no-brained why most don't have a lot of money. How did people have thousands already to start with? They saved and invested, and kept investing their money to build up their wealth. Yes there's the rare occasions where young kids, celebrities, etc make a lot more because they were given money or already had a lot of money to begin with. So what? Jealous? Do something about it and stop complaining. There's SO many ways to make money. You're not limited to just crypto. There's stocks, real estate, starting a business, you name it. We are lucky we live in a time where a coin named after a dog has performed better than most cryptocurrencies and stocks. We are lucky we have the opportunity to put $100 into a coin and turn it into $1000s later. And to be able to do this at the comfort at our homes without doing any work on top of that. Lesson is, be grateful for what you have and what opportunities are presented to you. There are many people out there who are struggling financially due to the pandemic. There are people who live in other states/countries who can't or makes it hard for them to invest in crypto. Wealthy families pass down their wealth generation after generation. If you're still reading this, perhaps you can be the start of your families wealth. That's why we're all in crypto right? Take advantage of this opportunity, do your own research, and save what you can to keep investing. However enjoy life while you're at it. It doesn't matter how many millions you have when you're 60, 70, 80 years old when you're old and can barely walk. Living is not staring at charts and telling your grandkids all you did with your life was that. Experience the world and meet new people. You never know who you'll meet and how important that person will be in the future. Making good money usually coincides with meeting the right people. Good luck all! Edit: please don't award this post! Buy more crypto! It just dropped a bit just now at the time of this writing. [link] [comments]  | ||
| Dip Incoming? Surging Open Interest and Leverage May Lead to Bitcoin Market Correction Posted: 18 Oct 2021 03:40 AM PDT
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| Anyone else starting to recognise people's usernames in this community? Posted: 18 Oct 2021 03:58 AM PDT I like to sort by new for looking at content posted by the community, I comment on posts and over the months I've started to recognise people's usernames because they've replied to comments I've made previously, or I recognise them from a previous post from days or weeks ago. I think it's quite wholesome and makes this community fucking great to see regular contributors, even if moons are an incentive, it's like meeting someone for the first time and you got on really well and then you see them again by pure chance in the supermarket and have a catch-up, anyone else starting to feel the same? [link] [comments]  |
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