Cryptocurrency Daily Discussion - October 4, 2021 (GMT+0) |
- Daily Discussion - October 4, 2021 (GMT+0)
- Pandora Papers: 12 million documents,35 current and former leaders,more than 3000 public officials did illegal transactions! But Crypto is bad for us people!
- Monero is so completely private, the IRS has a $625,000 cash bounty out for anyone that can crack it
- Crypto tips for beginners.
- UPDATE: Recovering a deceased persons crypto
- Today I live the dream.. I quit my job to trade crypto full time!
- Ask me anything about crypto and edit your comment to make me seem like an idiot
- Am I the only one worried about the next 3 to 6 months?
- Don’t forget to vote for 6.25% more Moons Bonus!
- 20 years from now the new generation will definitely RESENT us for our crypto, just like boomers are hated because of they bought real estate for cheap back in the 70s. And guess what? That's okay! I'd rather wipe my tears in a yacht than on a bicycle.
- “ IMF warns of global risks from unregulated cryptocurrency boom” As usual the International Monetary Fund are shitting their pants when they realize crypto is booming..
- Solana NFT rug pull
- We have to do whatever we can to protect the community from scammers
- In Tonga, MP Lord Fusitu'a is drafting a bill to make Bitcoin a legal tender in the Pacific nation, like what was done in El Salvador last month.
- The Bullish Case for Tezos, with ETH-DOT-ADA advices (Update New Metrics)
- You don't need 2.94 terabytes of Pandora Papers records to expose the system. This single statistic is enough
- "Bitcoin soon to become legal tender in Brazil", says congressman as "Bitcoin Law" passes committee and is expected to be approved by the brazilian Congress.
- Edward Snowden: "Sometimes I think back to this and wonder how many people bought Bitcoin then. It's up ~10x since, despite a coordinated global campaign by governments to undermine public understanding of—and support for—cryptocurrency. China even banned it, but it just made Bitcoin stronger."
- El Salvador introduces fuel subsidy of $0.20 per gallon to locals who pay in BTC
- Most of us can DCA in, but do we DCA out?
- Crypto.com is doing good for the whole market
- Cryptocurrency payments slowly gain ground in India. In short the youth of India are bullish on crypto
- How to get a passive income around/with crypto
- Raiblocks MC | Nano Minecraft Server
- Evergrande is not the only Chinese company to suspend trading. Seven other companies have also suspended trading. What is happening?
- If you invested in bitcoin when it was first launched in 2009, your returns could be in the millions or billions, because the initial value of the asset was $0. Is this even relevant now???
| Daily Discussion - October 4, 2021 (GMT+0) Posted: 03 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:
Useful Links:
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| Posted: 04 Oct 2021 12:17 AM PDT Some 35 current and former leaders and more than 300 public officials are featured in the files from offshore companies, dubbed the Pandora Papers. *Ex UK PM Tony Blair and his wife saved 312,000 pounds in Stamp duty when they bought a London office,they bought an offshore firm that owned the building. *Russian President Vladimir Putin's secret assets in Monaco *Czech PM Andrej Babis failed to declare an offshore investment company used to purchase two villas for 12million pounds in the south of France *Kenya President Uhuru Kenyatta and six members of his family secretly owned a network of offshore companies. They have been linked to 11 firms - one of which was valued as holding assets of $30m
The law firm founded by President Nicos Anastasiades of Cyprus appears to have provided fake owners to disguise the real owner of a series of offshore companies - a former Russian politician who had been accused of embezzlement. However, the law firm denies this Ukraine's President Volodymyr Zelensky transferred his stake in a secret offshore company just before he won the 2019 election Ecuador President Guillermo Lasso, a former banker, replaced a Panamanian foundation that made monthly payments to his close family members with a trust based in South Dakota in the US The boy who owned a £33m London propertyMayfair building was sold to a front company in 2009 Other documents show how Azerbaijan's ruling Aliyev family have secretly acquired UK property using offshore companies. The files show how the family - long accused of corruption in the European nation - bought 17 properties, including a £33m office block in London for the president's 11-year-old son Heydar Aliyev. The building in Mayfair was bought by a front company owned by a family friend of President Ilham Aliyev in 2009. It was transferred one month later to Hedyar. The research also reveals how another office block owned by the family nearby was sold to the Crown Estate for £66m in 2018. The Crown Estate said it carried out the checks required in law at the time of purchase but is now looking into the matter. The UK government says it is cracking down on money laundering with tougher laws and enforcement, and that it will introduce a register of offshore companies owning UK property when parliamentary time allows. The Pandora Papers is a leak of almost 12 million documents and files exposing the secret wealth and dealings of world leaders, politicians and billionaires. The data was obtained by the International Consortium of Investigative Journalists in Washington DC and has led to one of the biggest ever global investigations. More than 600 journalists from 117 countries have looked at the hidden fortunes of some of the most powerful people on the planet. BBC Panorama and the Guardian have led the investigation in the UK. [link] [comments]  | ||
| Monero is so completely private, the IRS has a $625,000 cash bounty out for anyone that can crack it Posted: 03 Oct 2021 06:38 AM PDT If you really value privacy, you may want to be holding some Monero (XMR). This token allows for completely private transactions, so much so that the federal government's IRS is convinced people are avoiding taxes with it and has issued a cash bounty of $625,000 for anyone that can hack the token to reveal any information on who uses it. So far, no one has claimed the prize. Other government agencies are also convinced that other illegal activities are being carried out with the token due to its anonynous nature. Do you believe a completely anonymous token has a valid place in the world? [link] [comments]  | ||
| Posted: 03 Oct 2021 06:43 PM PDT I Know this shit is elementary for most. And been said 1000 times but for the new people joining the gang, here's some basics for ya.
Write this down in a combination that only you will remember and store in a secure location.
No Person from YouTube shilling you some coin that just launched promising you 10x is your friend. Listen too the red flags 🚩 🚩 https://coinmarketcap.com/ has a list of all coins by market cap that you can research till your heart is content. Top 100 is a good place to start.
Diversification is a myth, Some coins might pump temporarily. But everything follows Dad.
Bear market is a long period of downward consolidation. This is the best time to load up your bags. Don't be the guy who didn't average down and miss out on all those sweet green candles. ( ✋🏼I've been that guy)
DCA (Dollar cost average) never spend all your money at once. Best to buy & sell over time, and Have an exit strategy. I know everyone here has the hodl forever mentality but this was something I wish I learned earlier. This index is a good tool to use to gauge market sentiment. https://alternative.me/crypto/?daily_hash=43784755cc76e503c98d82996285ba0b3a91e835
most exchanges / coins offer Interest or Staking. Take advantage of this and put ur coins to work for you.
If you do take profit best to hodl a percentage of your coins in case we get more green candles
No one knows shit about fuck in the Wild West of crypto, When In doubt zoom out.
There are millions of people befor you who thought Bitcoin was too high at 100$, 1000$, even 10,000$.
Get ur friends on real crypto exchanges. Voyager, Coinbase-(pro), Kraken. Anything but giving The little boy from Bulgaria 🇧🇬 your money.
Especially from this sub, most likely is a scammer/hacker trying to get your coins.
Always send a test transaction of a smaller amount to avoid losing all your coins if something goes wrong.
Spend time with your loved ones. The market is young and volatile, chart watching isn't gonna get you anywhere but anxiety. Hope this helps someone 🍻🙏🏼 [link] [comments]  | ||
| UPDATE: Recovering a deceased persons crypto Posted: 03 Oct 2021 11:23 PM PDT Big thanks to the folks here who gave me some good pointers. I did manage to recover at least 95% of his portfolio. There are 1 or 2 small wallets that I couldn't find his keys or password but his wife is thrilled that we did manage to recover the bulk of his money. To those guys who messaged me with tips and tricks. Many thanks 🙏 To those guys who accused me of stealing someone's money - I was prepared to dox myself last night to get the help I needed but won't be doing that now even though I have nothing to hide and nothing to lose. I'm not going to go out of my way to steal $20,000 when I have millions in crypto. To those guys who messaged me asking for a percentage to recover the funds … ummm really? And to the scammers who messaged me thinking I was born last night - fuck you and eat shit. [link] [comments]  | ||
| Today I live the dream.. I quit my job to trade crypto full time! Posted: 04 Oct 2021 02:29 AM PDT So I've never really been one for careers or managed to land on a job I really "loved". I began investing in crypto back in 2017/18, I started small (less than 500$) and began consuming every piece of crypto information I could from Reddit, I saw my investment rise and crumble in the next few years but I never stopped reading and investing.. something about crypto really sparked something in me and I couldn't help but get in deeper and deeper. Beginning in 2020, I tried my hand at trading, trying out numerous methods and experimenting quite a lot, there was certainly no immediate success, but a lot learned and profits started to drip through. Come 2021 and we hit mania once again and my steady trading and staking meant I was pretty consistently out earning my "regular" job. So I made a decision.. No longer will I slave away for someone else, making a meagre wage and giving up all my time and happiness, I'm going to trade for a living, work from home and reclaim my life! All thanks to crypto, today is the day I get to say screw you to the working world and live my dreams. Anyway it felt really good so I felt like I had to share it with the place that started it all. May crypto bring you all as much happiness as it has brought me! EDIT: Thanks for all the love, caution and sage advice guys, I'll let you all know what the view is like from my cardboard box in a years time.. [link] [comments]  | ||
| Ask me anything about crypto and edit your comment to make me seem like an idiot Posted: 04 Oct 2021 12:45 AM PDT Ask me anything about crypto and edit your comment to make me seem like an idiot. This is a fun game I've seen across several subreddit's. Let's see how it works for crypto. Ask me any type of simple question, and then edit your original question to make me seem ridiculous. You can find threads all over reddit that demonstrate the power and hilarity that can ensure from changing the comment. Some example questions could be:
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| Am I the only one worried about the next 3 to 6 months? Posted: 03 Oct 2021 07:32 PM PDT The 500 character minimum explanation: Nearly everything I see on YouTube, Twitter and reddit from the layperson to the experts (including Plan B's STF) seem to be pointing to the next 3 to 6 months having a hyperbolic upswing for Bitcoin and crypto as a whole....Understand that I want nothing more than to be wrong and experience the massive gains the consensus seems to be predicting. Experience tells me however, (especially in crypto) that it never goes the way the majority believes it will and this is what has got me worried. ..any one else getting the same feelings? [link] [comments]  | ||
| Don’t forget to vote for 6.25% more Moons Bonus! Posted: 03 Oct 2021 09:36 PM PDT Friendly reminder to vote on the governance polls. To get a extra 6.25% bonus on your upcoming moons distribution. This month there are 2 polls
First poll gives a 5% bonus, and each other governance poll gives a extra 1.25% Also if you HOLD your moons, wich you have earned. You can get a extra 20% on the next distribution. So HOLD and Vote for a extra 26.25%bonus on the next distributions. To the 🌕🚀 [link] [comments]  | ||
| Posted: 03 Oct 2021 11:45 AM PDT If you plan on becoming a messiah adored by all when crypto goes mainstream, abandon that hope. Wealth will always create resentment and the sooner you realize that and mentally prepare for that, the better. You think 20 years from now some 20 to 30 year old dudes and dudettes are gonna think you're a genius for owning cryptos? Maybe some of them will actually think that way. The vast majority, however, will hate your guts. What kind of genius was that, they say, that someone loaded up on all 'undervalued' ETHs and BTCs back in the Roaring 20s and now they're the top 1%? Fucking Millenials and fucking Gen Zs are ruining the economy. Fuck these old fucks. When crypto becomes big, ancient wallets from 2017 and 2020 will be akin to owning prime real estate assets in today's age. If you managed to hodl this long and survived all the way till 2040s, dear reader, then you can look back at this post and tell yourself that you have made it. Enjoy your wealth. You'll be hated for it. Your family will love you for it. Your children will either: a/ love you for it and help you build wealth or b/ they will sit on their asses all day playing Metaverse Pornos and spending your cryptos to simp for digital chicks. Younger people will think you ruined the economy by hoarding too much cryptos and they'll tell you to pay more taxes. That's okay. You can wipe your tears on those dollar bills. And you can keep doing what you love. Just know that it's impossible to please everyone. But even if just 1 of you make money from crypto, that is already 1 future family not ending up in either poverty or as corporate drone-slaves. And that's good. EDIT: this post assumes you'll all have families, but since we're all redditors, let's be realistic eh? [link] [comments]  | ||
| Posted: 04 Oct 2021 01:32 AM PDT
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| Posted: 03 Oct 2021 06:18 PM PDT I'm surprised I haven't seen this blow up here but recently an NFT project (Baller Ape Club) was set to be released but after people tried to mint their apes no one received any NFTs. The website had an error built in when a Solana deposit was made to prompt the miter to try again (giving them more money). Auto confirm wallets were drained. The scam team made out with 2.2 million. 1 hour before the project was set to release they blocked comments on the discord and after an hour or so deleted the discord, twitter, etc. The mint wallet I believe is (4BGKKuj26cbxJNszGXMMzw1gettydfg8SVfaAnRWZ9ud) moving around 15k solana through various different wallets. Let this be a lesson folks. If the team is a ghost even if the discord community is great, the end result will be like this most often than not. Edit: Title should be "Solana NFT project Scam" not "rug pull". But… semantics. [link] [comments]  | ||
| We have to do whatever we can to protect the community from scammers Posted: 04 Oct 2021 01:19 AM PDT Scammers pose a serious risk for the community, the market and adoption. We shall do whatever we can to protect the community from scammers, not only ourselves. When we find out about a new scam strategy those bastards come up with to trick us, we have the obligation to tell the community about it. I think a popular tactic is private messaging people on reddit and coming up with a ways of getting access to our assets, either buy making us transfer funds to them or handing over the wallet keys. I don't engage in private discussions so I'm safe from that. Other popular is the dusting strategy by airdropping useless tokens to random wallets expecting the receivers to take action so they can chase people I don't know how. I've in my wallet some tokens I never acquired. I didn't touch them. You should do the same if you have tokens you didn't buy or you are not sure they came from a reliable source. Please contribute with your own story or opinion. EDIT 1: Fake support accounts. A disease. Please be careful from whom you take support advice for issues on exchanges and wallets. Never accept a PM on that subject. Never provide your passwords nor keys [link] [comments]  | ||
| Posted: 03 Oct 2021 08:58 PM PDT
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| The Bullish Case for Tezos, with ETH-DOT-ADA advices (Update New Metrics) Posted: 03 Oct 2021 08:30 PM PDT
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| Posted: 04 Oct 2021 03:29 AM PDT Check out this statistic. Before the pandemic there was one person in the world worth more than $100 billion. That's just 1 and a half years ago. Now there are 10 people in the world who are worth more than $100 billion. The combined wealth of these 10 people has gone from $650 billion before pandemic to $1.4 trillion now during a devastating macroeconomic crisis when everybody else has been struggling to even make ends meet. Average person can't afford food and rent. People living paycheck to paycheck suddenly don't have enough because they either lost their job or their wages can't keep up with inflation. At the same time the filthy rich got 2 or 3 times richer. These are the people avoiding taxes, money laundering and funding human rights abuses and criminal activities around the world. During the pandemic M1 money supply has risen from $4 trillion to $20 trillion. Guess where all the money went? And guess whose money got devalued by all that free printing out of thin air? How stupid is this system? How stupid are we to keep letting them treat us as slaves? You know why they tell you to hate bitcoin? Because bitcoin fixes this! It takes away the power they have over us. Rat poison squared my ass. Now tell me about how they told you to think that Bukele is a dictator and how you all living in beautiful democratic system. Tell me about how these corrupt scumbags want to regulate crypto because average person is hiding $600 dollars in crypto. I wanna hear it. [link] [comments]  | ||
| Posted: 03 Oct 2021 11:43 AM PDT
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| Posted: 04 Oct 2021 12:12 AM PDT
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| El Salvador introduces fuel subsidy of $0.20 per gallon to locals who pay in BTC Posted: 03 Oct 2021 10:17 PM PDT
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| Most of us can DCA in, but do we DCA out? Posted: 04 Oct 2021 01:44 AM PDT Dollar Cost Average (DCA) is a common term that we are all familiar with. DCA in is easy, especially during the dips in the market. However, can you say the same about DCA out during the gains? I am afraid but I notice I just can't DCA out. I know myself and it would be hard. All that green would make me want to sit and see my portfolio go higher and higher. So I have come to an agreement with myself. I will HODL my coins dearly and closely. How do you guys DCA out? I have given in and I would just HODL for a couple years. But for those of you who manage to DCA in and out. How the hell do you do it and what are your strategies? What are plans on your exit strategy. After all, we need to plan both our enter and exit strategy. Thank I'm advance [link] [comments]  | ||
| Crypto.com is doing good for the whole market Posted: 03 Oct 2021 03:00 PM PDT It seems that the sentiment around Crypto.com has changed in the past year. In addition to having easy to use products for crypto people and newbies, the company launched its exchange (available in Q4 in the US), and created its own chain with a Cronos sidechain coming on October 19. More importantly, they are marketing very aggressively, by sponsoring the UFC, F1 racing, the Italian soccer league, the PSG soccer team, the Philadelphia basketball team, a hockey team and others. It is the first company that has such a wide coverage in crypto, and the name crypto.com gives exposure to the space to millions around the world. Mainstream will not happen without companies like this spending millions of dollars to spread the good word. I know that centralized companies do not have a good reputation in the crypto community, for a good reason, but what's paradoxical is that we need companies like crypto.com to enable the transition to crypto. What's important is that such companies build decentralized products and slowly let the network step up to take over, and I think that's crypto.com is doing with their chain. What do you think about the role that companies will play in the transition to cryptocurrency ? How to make sure that companies do not keep control of the space once they become too big ? [link] [comments]  | ||
| Posted: 03 Oct 2021 09:25 PM PDT
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| How to get a passive income around/with crypto Posted: 04 Oct 2021 12:19 AM PDT So something that a lot of newer people might not know about is you can get a passive income with and around cyrpto very easily. Please note the scope of this isn't to teach the exact. This is just the basics to point you to the right direction. Centralized Lending, DeFi and ExchangesIMO this is the most profitable way of getting passive income. But there is some level of risk. I'm going to be using Pancake Swap as an example. But with places like Pancake swap you can put up a pair of requested tokens and in return with that exchange you get cake. The amount you get is depending on the pair. The amount can easily be around 130% APR. Normally 50% APR. Keep in mind as the value of stuff goes up so does this skyrocket your earnings. Note the pool and note some exchanges give the ability to compound daily. For Defi projects I'm picking on AAVE, and note while I do yeild farm with decentralized exchanges. I don't do this because the ARP normally is below 10%. Some tokens you can get in the 300% APR or more. But this is rare. More than less there is safer ways with many coins to make around that. MiningThere is GPU mining, CPU mining, and then new type of "mining" CPU mining is almost never worth it. GPU mining with a RTX 2080 you're looking at about $3 a day. Keep in mind the more the coin price goes up after you get the coin, the more it's worth the more you actually made that day. So while $3 today, if the coin 10x over the years then you really made $30 a day. The new type of mining is things like Helium which uses radio towers or Chia which uses your hard drive. There is others but it comes down to not actual mining, but being paid for renting space on your computer or being paid to keep some sensor or radio tower up. Note the amount you get from such things is very low, and the miner tends to be extremely expensive. Like $500 on the low end for some radio tower thing which realistically you can't do anything with anyways. There is a 5G one coming out, but the cost of that after all the hardware can be $2,500+. Basically not realistic for most. StakingStaking in general can be down to locked or unlocked. Lock is basically where you need to lock for a set amount of time. Lets pick on Algo. Algo as of writing this has an unlock staking program. But they are switching to a lock program soon. This means at this time just by holding it you have more coins coming in. You can trade or move it any time. The locked for Algo will now require you to hold it for 3 months and vote each time there is a vote. Normally for locked staking you only need to lock it for a set amount of time. Normal staking amount you can get is 5%-10%. This means if you have a value of coins worth $1m. You will get $50k a year just for holding the coins. Far better than the banks :P ReflectionsReflections are newer. Basically reflections in most coins like Octans, Safemoon, and others work by when you trade or transfer there is a "tax". Lets say 10% to keep the math easy. With most half of that is burnt and the other half is sent to you. But at the end of the day with all of them a part is sent to you. This is highly unreliable but might be profitable over the years. NOTE taxes. [link] [comments]  | ||
| Raiblocks MC | Nano Minecraft Server Posted: 03 Oct 2021 10:38 PM PDT Not mine, posted here with permission from /u/astronomerdecent3973. Original post here. I am thrilled to announce the release of our teams last months of work. It's with a great honor that we are releasing the first Minecraft server offering a working Nano implementation. Raiblocks MCWe created a Minecraft server implementing Nano transactions to showcase Nano's unmatched properties, making it the best cryptocurrency for in-game use. We developed a custom built Minecraft plugin allowing us to create a custodial Nano account for each player joining our server seamlessly. The account is then linked to the player UUID (Minecraft identification system) in addition to a secret password that allow us to create a secure and painless in-game crypto experience. Raiblocks MC is a basic survival Minecraft server built for the Nano community to have a place to meet & spend some time together around a passion we all have in common "Decentralised Cryptocurrency" & Minecraft.
Do not hesitate if you have any question or feature requests ( #features-request on discord ). [link] [comments]  | ||
| Posted: 03 Oct 2021 09:13 PM PDT Other than Evergrande, companies like Xinyang Maojian group, GTI holdings, China bozza devolopments, China supply chain, million stars, I-cable communication, Dragon crown group and hopson dev also suspends trading in the Hong Kong markets. There are a lot of reason for suspension of trading but given the recent default of the Evergrande group, this seems suspicious. Investors won't be able to cash out and incase bad news comes out next trading day might be a blood bath and retailers will be left holding the bag. [link] [comments]  | ||
| Posted: 03 Oct 2021 09:45 PM PDT So i see a lot of comments, posts even advertisement like this....if you had invested x amount in crytos....in a specific year...you would have been a millionaire by now....like when are people going to understand its in the past and you will never be able to invest in that price range. Some hours ago i saw someone post if you have invested 1k$ in Solana during the start of 2021...it would have been 100k$+.....that ship has already sailed my friend....whats the point of posting stuff like that. If you are so good in analysing.... analyse whats going to happen in the near future.... predict which coin will blast off like Bitcoins....rather than dwelling in the past....help others understanding the ups and downs of the market. And if you can't stop thinking about the past opportunities.....i would suggest build a time machine and go back in time to invest lol [link] [comments]  |
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