Cryptocurrency Daily Discussion - October 31, 2021 (GMT+0) |
- Daily Discussion - October 31, 2021 (GMT+0)
- Coinbase is now being Downloaded More Frequently than Instagram and Tiktok on U.S. Apple iPhones
- Seriously who are you people? I hardly recognize this sub anymore, why is everyone pumping shitcoins and praising moves by banksters and regulators to destroy decentralization?
- I don't have the time to try and convince you
- 13 years ago today, Satoshi Nakamoto published the Bitcoin white paper.
- Edward Snowden: "i say this with love: if you got talked into exchanging your hard-earned savings for some new dog money because a meme said you'd get rich, please carefully consider your odds of outsmarting a market that sold to you its stake in *not even dog money but a CLONE of dog money*"
- If your coin has not mooned yet, that's ok.
- How do people actually find shitcoins before they do a x5000?
- After adoption, this place will become a minefield of paid shills, memecoins, and influencer redditors.
- Don’t FOMO into coins that have already pumped like crazy.
- When we’re at ATHs, the meme coin casino opens up. Be mindful that investing in them is gambling, and that if gambling has been a problem for you in the past be careful and self-aware of what you are doing. Because it’s not investing.
- The only problem with crypto is sleep disruption
- Been in crypto for nearly two years. The last week has made me question everything I thought I knew and realize we are all just monkeys mashing at buttons.
- People seriously need to stop sleeping on Loopring. They have a PATENT on decentralized exchanges active in the United States patent office. Potential to replace the NYSE.
- The fact that memecoins can 1000x in a few days, results in a lot of impatient and uneducated investors.
- People make 40,000% Gains on Squid Game Shitcoin, but later Realize that they can not Sell because of "anti-dump Mechanism"
- It’s harder to sell than to buy.
- A Coinbase user lost $11.6 million in under 10 minutes after falling for a fake-notification scam. Security applies to everyone.
- Results of how my Trading Month went. After last snapshot, I decided to do a Trading vs Hodling experiment simply to Fuel my Gambling addictions but Teaching valuable lessons while doing the same, Read on.
- Day 2 - Is Harmony underrated?
- One shitcoin moons to infinity and beyond, and suddenly this sub turns into r/cryptomoonshots
- This sub really made a clear 180°
- Detailed plan on how to make money with shitcoins
- Faith restore in humanity. Hacker exploit 500K ROY (CryptoRoyale) but decided to return back the funds worth around $14K
- Cardano (ADA) is on track with its “digital transformation” of Ethiopia | Just because ADA isn't pumping right now, doesn't mean it isn't doing great things!
- The Brave browser's BAT token is up 60% in the past 24 hours. What's causing the rapid growth today?
| Daily Discussion - October 31, 2021 (GMT+0) Posted: 30 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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| Coinbase is now being Downloaded More Frequently than Instagram and Tiktok on U.S. Apple iPhones Posted: 30 Oct 2021 06:05 PM PDT
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| Posted: 30 Oct 2021 08:51 AM PDT My karma may take a hit for saying this but idc, mass adoption at ANY COST is not acceptable, we cannot sacrifice decentralization for adoption if it means giving up control to governments and institutions. ETFs are a perfect example, you thought "oh a BTC ETF it's cool because theres no option to short BTC" well a week later they can now short BTC with the second BTC ETF. Regulations are the same type of double edged sword that may help people get comfortable with adopting crypto but gives the government immense power over the market. They are playing us by giving us adoption while taking control of the whole damn thing. Wake the fuck up. Shitcoin pumping is also a new feature here, it's your choice to do that but remember it's not good for the market to shill shitcoins. Also if a new crypto investor gets burned on a shitcoin they will probably leave the market for good so if you care about mass adoption maybe stop pumping shitcoins. But hey I don't know shit about fuck🤷♂️ [link] [comments]  | ||
| I don't have the time to try and convince you Posted: 30 Oct 2021 09:09 PM PDT My family was in town and we were having dinner. My brother asked if I saw the new FTX banner while watching the World Series. That sent my sister in to a soap box. "Crypto is bad for the environment." "It's too late to earn any money." "Only banks and institutional investors are buying right now." "It's really just an immoral investment." My sister has become quite outspoken about her political leanings recently in the past few years and usually is outspoken and looking to debate. It felt like bait so I just decided just to ignore it. I was reminded of the quote "If you don't believe it or don't get it, I don't have the time to try to convince you, sorry." There is so much positive energy in this space I just didn't feel the need to try to convince someone who had already made up their mind. I had better things to do. [link] [comments]  | ||
| 13 years ago today, Satoshi Nakamoto published the Bitcoin white paper. Posted: 30 Oct 2021 08:57 PM PDT
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| Posted: 30 Oct 2021 06:16 PM PDT
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| If your coin has not mooned yet, that's ok. Posted: 30 Oct 2021 05:24 PM PDT I know, we see all those weird memecoins surging and you feel like you are missing every pump going on and always choose the wrong coin. You invested in ADA, ALGO and MATIC. All solid coins, but basically stablecoins right now. BTC & ETH? Sitting idly by sucking their thumbs and eating glue. Your coin has not mooned yet, and that is fine. It will. You will need the most important thing in the crypto space there is: Patience. Good things come to those who wait. It is tempting to sell your position and go for Elon's Cum or whatever coin is en vogue right now, but as soon as you sell, your old coin will pump. Just wait your turn and reap the rewards. [link] [comments]  | ||
| How do people actually find shitcoins before they do a x5000? Posted: 30 Oct 2021 08:40 AM PDT I've been lurking coinmarketcap checking some random shitcoins and they all share one thing: their price is flat in the chart and then it skyrockets. I saw a shitcoin token that did a x100.000 in less than 2 hours. My question is, how the fuck do people find these tokens before the pump starts? I know that most of them dont have enough liquidity for taking profits but shit, if I put 100$ in a shitcoin and I can get 1000$ back even if it says that I have 35 trillion dollars I'm happy with it. I know there are a lot of pump and dump groups out there and that they are scams. I've been into crypto for a long time now and I have a very decent portfolio with solid projects such as BTC and ETH. But hodling is boring as fuck, I need to find a token I can put 20$ in and experience some emotions watching the price roller coaster because I'm dead inside and nothing brings me joy on these days. [link] [comments]  | ||
| Posted: 31 Oct 2021 02:51 AM PDT Pretty self-explanatory title. I think this memecoin run showed everyone what this place starts to look like with only a little influx of hype. After everybody and their grandma knows about Eth, the memes, and the alts, this place will reek worse than the Jersey Shore after Halloween weekend. Not to be a downer, but look at what crypto Youtube and Twitter look like now except add giant corporations also vying for influence. Hopefully we can avoid this outcome with smart governance, but these past few days gave me bad visions. EDIT- Forgot to add that this hellscape will have a few OG whales still lurking around. I'm looking at you, dear reader. Awwww yeahhhhhhh. [link] [comments]  | ||
| Don’t FOMO into coins that have already pumped like crazy. Posted: 30 Oct 2021 11:40 PM PDT I mean seriously don't do it. The likelyhood of you getting burned is quite strong. This is why most of in here say to do your own research and to dollar cost average every week. The hard work is buying coins that you believe have upside and are undervalued. Choosing the quick easy road may sound pretty tempting but you are likely to lose money and quite quickly and be stuck holding a bag or selling at a loss. Find projects you believe in, invest wisely and invest logically don't FOMO. Take care legends 👊 [link] [comments]  | ||
| Posted: 30 Oct 2021 03:14 PM PDT Seems to be a recurring theme, which was last experienced in May, that once the real projects peak and top ATHs, the meme coin casino opens up. Some prominent stars of the club currently include our beloved Shiba, but thanks to this sub more than anything inadvertently pumping it, I've noticed Dogelon Mars Rover 5000 also has cracked the top 100 for some unknown reason (I might have the name slightly wrong, perhaps intentionally). There's nothing wrong with entering the meme mania, but you have to acknowledge that these bets are purely gambling. You aren't investing, and while it's okay to gamble (I mean, I've been to casinos before), please check yourselves if you have a past history with gambling that could cause you issues - because this isn't any different. For anyone keen to maintain investing strategies, don't feel pressured to have to hit the cas. The solid tangible projects began this rush, and they'll sustain it long after the thousands of baseless upstarts (e.g dogetesla galactic pumpkin) come and go - they are great places to have your money and you shouldn't feel pressured to join that craze. TL:DR - Meme coins are a casino based on pure gambling mentality, be aware of this if gambling has been a problem for you in the past. Proper projects began this rush, will maintain it, and will endure after it. [link] [comments]  | ||
| The only problem with crypto is sleep disruption Posted: 31 Oct 2021 03:04 AM PDT I feel like I'm in a casino with the flashing lights, loud noises and unlimited food & drinks but I'm at home. It was bad enough having to crack my eyes open by 4am, trying to get on on stock market news from Europe & Asia, before our market opens. (No, I do not have a Bloomberg terminal. Yet! 😄) Now, with the perpetual state of the crypto market, my sleep patterns are all over the place. Luckily with all the gainz I'm getting, can afford the premium dark circle treatment eye creams. 😉 Cuz I need them, at this rate. Crypto research & news updates are taking way more of my time than I thought. Silly goose me, thinking I would just throw a few bucks at the top 2-10 and be done. Ha! [link] [comments]  | ||
| Posted: 30 Oct 2021 09:52 PM PDT I feel like I'm living in The Upside Down. Everything I've learned so far is a lie. I put my head down and invested heavily in BTC and ETH. Diversified a bit of my portfolio into alts that showed potential long-term growth and had solid white papers. Actually that's a lie. I can't read a whitepaper. I listened to people that told me they read a whitepaper. I don't know how any of this works. I imagine that I look like Mr. Magoo trying to analyze my address when I copy paste my address to send a transaction. My asshole still puckers up and I've done it a hundred times. The only reason I'm invested in the coins I'm in is that Guy from CoinBureau updates his portfolio and I pretty much copy pasta that too. I have no idea what I'm doing here and I feel like a fraud. People are throwing money at pictures of dogs and making money faster than a money printer can spit out the bills. I mean how does any of this make sense when a pixelated picture of an ape sells for more than a house in the Hampton's? So go ahead. Buy cats, dogs, octopi, squid. You can't really go wrong. People here say that everyone is a genius in a bull market and the same people say we're in a bull market so go be a genius. Make that money and be happy. I have no idea what to think anymore. [link] [comments]  | ||
| Posted: 30 Oct 2021 05:35 PM PDT Check out the patent for yourself. Methods for preventing front running in digital asset transactions Abstract: "Provided is a method for matching orders of digital assets. The method comprises: receiving a plurality orders of digital asset from a plurality addresses on a distributed ledger, wherein each of the orders comprises a digital signature of the address, an authorizing public key, and an authorizing private key." Sounds to me like they have already beat the market in the US. This means ANY company that wants to use a decentralized exchange for ANY product will have to go through loopring. Of course, nobody can ban a specific chain entirely -- but loopring would be the goto for any corporation or business in America that wants to access a decentralized layer 2. They can't have competitors in the US. Edit* This is open sourced and on Ethereum so no centralization! Vitalik Buterin has said the future of Ethereum lies on layer 2 built with zkRollups. Loopring is working on a zkEVM (Ethereum Virtual Machine)! zkRollup allows for secure transactions with ZERO fees within L2. Relevant loopring tweets: https://twitter.com/loopringorg/status/1446584595017830408?t=QwSJUoA4VHecj3y6iPse7Q&s=19 https://twitter.com/loopringorg/status/1445096081595981836?t=k02lvpDneBlfNF4clAMV0Q&s=19 Loopring dot org [link] [comments]  | ||
| Posted: 31 Oct 2021 12:34 AM PDT Let's be real here, 90% of you have no damn clue what you're doing. You have no clue about the fundamentals of the coins you buy, the blockchain technology, or how crypto works in general. Hell, I'm surprised you even managed to create a wallet or an exchange account and put money in it. On a serious note, the majority of us haven't been trading/investing long enough to know how this works, or to at least anticipate most of the market movement. The fact that some memecoins can go up 1000x in a few days, attracts a lot of people who think "crypto is easy money" and the worst part is that this is being pushed from social media. Whether you invest in cryptos (or the stock market), or in any other asset, you have to know what you're buying. When you buy, you become a part of that something. Stocks -> Shareholders Crypto -> Part of a network Your coin most likely wont 1000x overnight like dogelonsafecumrocketmoon coin, but it's alright. If you believe in it, just wait. Hold it and wait. You bought because something attracted you to it, so hold it. And even better, stake it so you don't have to be tempted to sell. If you're not willing to hold, you shouldn't be investing in anything. [link] [comments]  | ||
| Posted: 30 Oct 2021 11:50 AM PDT
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| It’s harder to sell than to buy. Posted: 30 Oct 2021 02:10 PM PDT And I speak from experience. I totally missed out on the 2017 gains I made because I kept listening to Youtubers thinking it was going to be a straight line to 50K back then already. It won't guys. When the last phase of the bullrun will start, it will be the craziest weeks you ever lived. Days where Bitcoin will gain and lose 20 to 30% in a day. You might wake up one day with bitcoin at 70k and see it at 90k when you go to bed and then the next morning it's at 120K. But also the other way from 120k to 80K overnight, and the wake up is really unpleasant. I'm throwing out numbers and I don't know how much we're going to reach but the final pic never last too long so don't expect catching it. Sell little by little over the days or even hours of craziness because it's going to be extremely violent and emotionally disturbing. I saw 90% of my profit of 2017 being wiped out because I was in denial and thought it would always go back. This time I invested during the previous bear market so I'll be safer but people buying now might want more than they will get and end the same way I did years ago. Don't be too greedy and secure your gains over time. Enjoy the rest of the bullrun. [link] [comments]  | ||
| Posted: 31 Oct 2021 03:36 AM PDT
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| Posted: 31 Oct 2021 02:19 AM PDT Hi Guys With a heavy heart, I would like to announce the Demise of the section of my Portfolio that I decided to Day trade with.
I traded mostly with the most trending Coins, and whatever were the most Volatile. My technical analysis skills are similar to cloud watching as kids and saying that cloud looks like a Dragon, and another like a Duck. So yes, my Day Trading was full on Gambling. I did make about 8%-10% on the first day but also lost a massive amount on the second and third day. Someone suggested me to try Futures, it would be more fun for this experiment He/She said(Fuck you whoever it was) and I dipped my toes into Leveraged Trading. ...... I made 10x-11x money in a week. mostly Shorting Shib and Longing some of the trending coins. I was so proud of myself and started doing bigger trades and riskier trades. I jumped from 10x leverage to 40x and 50x just to make quick money. While I did this, I worried about how I'll lose my moon Bonus if I Share all these profits with you, And I started brainstorming Ideas and making shopping lists. But the universe had different plans. Liquidation after Liquidation, and a few more consecutive ones followed. I put in more Fiat to cover up my losses and lost some more.BIGGEST MISTAKE EVER And I put in some more. Bottomline, as of today, I'm about -180% From where I started, My view of Crypto, my Habits, my attitude towards the market has not changed, but has slightly calmed down. All these times I lost most of my money Chasing Profits and letting emotions do my trading. Now I play safer and plan to average down all my losses, and still do very small Leveraged trades to eventually make back what I lost. _______________________________________________ On the Other hand, I was HODLing some BTC, ETH, MATIC, DOT, SOL, AXS, CKB, TRU etc It's quite evident how simply Hodling these worked out for me over the last month. Key Takeaways from personal Experience and advised-
That's all folks. It all started as a fun YOLO experiment and now i'm a little sad that I couldn't make money, and I lost more than I planned to because I got Greedy af. So, Until my next random experimentation, Farewell. May the Charts be ever in your favor [link] [comments]  | ||
| Day 2 - Is Harmony underrated? Posted: 30 Oct 2021 11:19 PM PDT \Today is Day 2 of me doing full-time in cryptocurrency as a publisher. Hope I can get support from the community. 6 months of reserve left for my family and I** I'm a rather new publisher learning about crypto and I hope you can join in this adventure with me and understand my efforts. I appreciate if there is minimal hate and more on guidance :) Who is Harmony?Harmony is a blockchain that is both open and speedy. Its mainnet supports Ethereum apps with 2-second transaction completion and 1000 times reduced rates. Harmony is an open asset, collectibles, identity, and governance platform. Its secure bridges facilitate cross-chain asset transactions between Ethereum, Binance, and three other chains. The bridges built by Harmony can join any Proof-of-Work or Proof-of-Stake chain. Its FlyClient design is completely trustless and extremely energy-efficient. Currently, its Ethereum and Binance Smart Chain bridges protect tens of millions of cross-chain assets. Simply changing the Chain ID allows developers to experience faster EVM executions that are equivalent at the bytecode level. They can easily convert to Harmony using their familiar and standard Web3 tooling. What about the end users? They can continue to use MetaMask or Ledger — but only for a fraction of the cost. Harmony supports all Ethereum wallets and portals without requiring any code changes or new installations – it is entirely compatible for both transaction messages and execution environments. Goals of HarmonyHarmony aims to remove structural barriers that hinder cryptocurrencies from becoming legitimate digital money. This largely relates to the scalability issue experienced by Bitcoin, whose rising popularity caused performance and increased the costs of using its payment system. Instead, Harmony will use deep sharding technology, which will cover not only transaction validation and network communication, but also the blockchain state. Its bid for full scalability is predicated on abandoning the modular method in favor of attempting to address consensus "on scale." Higher transaction throughput should set Harmony apart from Ethereum and other blockchain alternatives that are compelled to sacrifice other features in order to achieve performance advantages. Competing alternatives, according to Harmony developers, are unable to handle scaling difficulties or provide support for applications that require high throughput speed, such as gaming or decentralized exchanges. The Harmony consensus protocol prioritizes speed and energy efficiency. Much of the Harmony's scalability and throughput claims are based on the ability of its Fast Byzantine Fault Tolerant protocol (FBFT) to use parallel transaction processing to grow with network size and effectively address connection latency. Its network topology is intended to allow for speedier consensus and message sharing. Role that ONE playsThe ONE token maintains the Harmony ecosystem going by allowing participation in it and serving as a payment vehicle for various network activities. This is accomplished in the following manner:
The Harmony team consists of more than 30 people with backgrounds ranging from engineering to academic work to entrepreneurship. Stephen Tse (of Google and Microsoft Research), Nicolas Burtey, Alok Kothari, Rongjian Lan, Minh Doan, Nick White, and others are among the significant personnel. Attractiveness of Harmony
On September 9, Harmony announced a $300 million ecosystem development fund, which appears to have been the driving cause for the rally seen in ONE during the last two months. The program's stated purpose is to "finance 10,000 additional crypto innovators, builders, and creatives" in order to help strengthen and expand the Harmony ecosystem. Most recently, the project presented a year-ahead timeline outlining how it intends to spend $180 million from Q4 2021 to Q3 2022 to help fund 100 decentralized autonomous organizations, 1,000 bounties, ten partners, one hundred grants, 500 launches, fifty investments, and ten hackathons.
The event took place on October 18 and corresponded with the start of a price surge for ONE, which rose from $0.22 to a new all-time high on October 25. ONE World was supposed to coincide with LISCON 2021, an Ethereum-focused conference hosted in Lisbon that presented protocols that are interoperable with Ethereum and other blockchains.
A third driver of ONE's growth has been a number of partnerships, including integrations with decentralized finance (DeFi) systems like Aave and Curve. The inclusion of two of the most extensively used DeFi applications in the cryptocurrency ecosystem has aided in expanding the reach and userbase of the Harmony blockchain, which offers significantly lower transaction costs to users of popular protocols. Potential Cons of Harmony
EDIT: I can't post my Source links here for some reason. [link] [comments]  | ||
| One shitcoin moons to infinity and beyond, and suddenly this sub turns into r/cryptomoonshots Posted: 30 Oct 2021 05:37 AM PDT It's amazing how it only took SHIB to go parabolic for everyone here to start shilling shitcoins, asking what the next shitcoin is and praising SHIB and DOGE. I know this will probably get downvoted to oblivion and beyond, but not even a month ago, people on r/CryptoCurrency would recommend not gambling on shitcoins, and now everyone is here for the shitcoin casino. If you can't beat them, join them, I guess. Just remember that you only hear about shitcoins, if they start mooning. The rugpulls and the coins that never moon are countless, and if you shoot in the dark, you will most likely miss. I'm even wondering if I should tag this as an unpopular opinion post. Edit: This is tagged Moons, because if you type "moons" in the title, it auto tags it. It was not on purpose. [link] [comments]  | ||
| This sub really made a clear 180° Posted: 30 Oct 2021 04:14 PM PDT Just a few months ago, the mere mention of a meme coin in this sub guaranteed you a sea of downvotes and several comments telling you how much of a newb you were and how fundamentals are what really matter in this space, not memes, you know the drill. But right now, seriously... It's like this is a different sub altogether! When in fact it is the same place. Earlier this morning a guy was talking about ADA and ALGO and was getting downvoted, I thought I was seeing things, and then right after another guy shilling some meme dog coin of the day was getting positive attention... Like... What's going on? Is this where we are heading now? One thing is clear, though. Masses move prices, that's a basic investment principle. And shitcoins really know how to reel people in, no contest. I'm very interested to see how this all pans out in the future, maybe this is just a fad, maybe not, regardless, this is a very entertaining development and I can't wait to see what other surprises this crypto space has to offer! [link] [comments]  | ||
| Detailed plan on how to make money with shitcoins Posted: 30 Oct 2021 11:46 AM PDT I'll let you know the plan I've used to make money out of shit coins. 1 - Wait for a bear market 2 - Go to the CMC filter for meme coins. 3 - Sort by "Volume 24h" 4 - Decide how much you want to invest. I limit my shitcoin exposure to 10% of portfolio 5 - Divide the total amount by 10 and buy each of the top 10 coins with more volume 6 - Wait for a bull run and make money. One of those you bought will most likely pump 7 - Don't freak out if you get rug pulled in 2 or 3. The one that will pump will pay for your loss. 8 - Repeat as many times you like. I know a lot of people is against shitcoins by principle. Let me tel you quote from Groucho Marx: Those are my principles, and if you don't like them... well, I have others [link] [comments]  | ||
| Posted: 31 Oct 2021 02:48 AM PDT Yup, we are not completely doomed as a species ! Harmony one have a launched game on their blockchain called CryptoRoyale which has been quite trendy lately among players in the Cryptoverse. It's a free game that allows players to compete against each other and earn ROY, the currency in the game worth as of today +-$0.025. Unfortunately an exploit was found in their faucet which allows a hacker take over 500K worth of ROY which is around $14000. After this they went onto VIPER exchange to swap the coins and disappeared. Fortunately after the team made a public announcement appeal, the white hacker made some apologies and decided to fully refund all the amount along with the below message:
I just wanted to share this message and highlight the good people with moral still living among us. $14K may not be a lot for some and as compare to those billionaire projects but when legit small projects are trying to make an impact, We should show support IMO. Thanks for your attention. May your hodl 42 to 69X - Be safe, always pull out when playing with shitcoin and wish you all a wonderful day. Peace <3 Source: Their official discord [link] [comments]  | ||
| Posted: 31 Oct 2021 02:18 AM PDT
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| The Brave browser's BAT token is up 60% in the past 24 hours. What's causing the rapid growth today? Posted: 30 Oct 2021 07:56 PM PDT
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