Cryptocurrency Daily Discussion - November 29, 2021 (GMT+0) |
- Daily Discussion - November 29, 2021 (GMT+0)
- Whales control the market and will manipulate it at their whim
- Congratulations on surviving the Omicron bear market
- Remember when Logan Paul dropped $600K on an NFT? It's now worth $4,000. That's a loss of more than 99%.
- Do not beat yourself up because you can only afford to invest a small amount. $60 or $600, in time, you will reap the reward.
- I just don't get it, if you HODL and don't sell, why does it bother you that we were in red for a week or two?
- Crypto.com will become the blue chip for exchanges.
- Why do we love CRO but not other CEX coins like BNB?
- A lot of people seem to misunderstand why cryptos share price movement with Bitcoin.
- Someone has committed suicide after losing their live savings in the SnowdogDAO rug pull. Now the FBI are involved. What the bloody fuck is wrong with all these ponzi scammers and shitcoiners. This degeneracy has to stop
- Buy the rumor: will Crypto.com announce US exchange on Christmas Day during Lakers v. Nets?
- This Sub is Bipolar: Take Everything with a Pinch of Salt
- The Kucoin Chronicles: Part 3
- Avalanche’s first memecoin SDOG ends in a $30M rugpull
- I just made my first real life sale in Crypto Currency
- Edward Snowden: I have Significantly more Respect for People who are like "I made Dog Money as a Joke but if you want to Give me Money for it, Ok" than People who are like "Dog Money is Extremely serious, Moon Mission confirmed"
- Four years ago on this day Bitcoin reached $10,000 for the first time
- We are not late. We are not early. Living in the present is living in peace.
- You wanna know how early you are in Crypto,people are still stuck in "BTC only used to buy drugs" era!
- Watch how quickly sentiment changes now
- Has anyone taken time off of crypto?
- Algorand is an official sponsor of the Current World Chess championship.
- MATIC price eyes advance as Uniswap prepares to migrate to Polygon
- I opened 30 Crypto.com loot boxes from missions so you don’t have to.
- Thailand Plans to Become 'Crypto-Positive Society' — Governor Says 'Crypto Is the Future'
- Decentraland is Awful
| Daily Discussion - November 29, 2021 (GMT+0) Posted: 28 Nov 2021 04:00 PM PST 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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| Whales control the market and will manipulate it at their whim Posted: 28 Nov 2021 01:51 PM PST That's it, Whales control the market and there's nothing much you can do about it other than to play long term Today the sentiment here was of death... in a few a minutes a lot of buying orders and BTC pumped 2k up and alts followed. Do you think this is organic? Of course not! Whales are playing with the market and will continue to do so and take money off from retail, specially when you buy at the top and panic sell Other way to lose larges amount of money to whales is leveraging. A lot of shorts got blasted in the last 2 hours Just check Whale Alert twitter, there are millions and billions of dollar moving from just a few wallets. Even if everyone in this sub chipped in with 10 USD$, it wouldn't even come close to whales' power. See this transactions just a few hours ago: " 129,921,132 USDT (129,921,132 USD) transferred from unknown wallet to BINANCE ". That's over 30 USD for each one here! And that's just one Whale TLDR: That's it boys and girls, you're a mere shrimp or algae in this crypto ocean, and the only real tool you have at your disposal is playing long term and not panic buy/sell, all the rest is playing with your luck and chances are you are going to get crushed by the whales [link] [comments] | ||
| Congratulations on surviving the Omicron bear market Posted: 29 Nov 2021 03:23 AM PST Can I please get a big round of applause for all of you that were able to survive the recent bear market caused by Covid-19 Omicron. (source I absolutely am amazed by all of your persistence for surviving this extensive bear market of roughly 2,5 days. I know most people gave up. But you were here and stayed. Respect to all the hodlers. Now let's watch the market blow up to 100k$ BTC. Congratulations on surviving the bear market. [link] [comments] | ||
| Posted: 28 Nov 2021 05:56 PM PST
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| Posted: 28 Nov 2021 08:26 PM PST Do not get disheartened because you can only afford to invest less than $500 in crypto. If you are patient enough, you will definitely gain profit. If the small amount you invested is significant for you, the gains will also immensely benefit you. You do not need to sell your house and put it in crypto. A smaller amount at first is ideal to understand this space. It gives you time to properly learn how this space and technology works, and understand the market. If you have put in some money, no matter how small it is, you belong to the tiny minority of early adopters. Billions are yet to enter this space. And in time, if you are patient and keep DCAing, you will definitely make it. It's better to learn and invest in fewer cryptos than FMOing and chasing coins that are shilled heavily. All my gains came from this strategy. Hope we all make it big in five years. [link] [comments] | ||
| Posted: 29 Nov 2021 12:34 AM PST So majority of people here firmly believe the bull run is not over, not until Q1 of 2022 (at the minimum). Also, the majority of people HODL, and DCA in during all times. And "suddenly", there's whale shennanings due to (most likely) options expiring, like there's EVERY SINGLE MONTH for the past half a year, prices come down a bit, and people go into the "this is the end of the world" shouting match with themselves, and start panic selling. I mean, I just don't get it. I don't blindly HODL, I'm not that strong. But most people here does HODL. Most still think the bull run is not done. Especially for people that DCA, this is like a crypto yard sale, everything is on discount. Most people know the prices will bounce back in a day, or a week, or a month. Yet... some people panic sell. Can someone please enlighten me? [link] [comments] | ||
| Crypto.com will become the blue chip for exchanges. Posted: 28 Nov 2021 01:12 PM PST Fortune Favours the Bold, and CDC is the boldest barbecue sauce at the cookout. Google "crypto", and you'll see that Crypto.com is the ONLY exchange listed on the first page. Do you think they'll have the capacity to absorb some of the less popular exchanges? With a total supply of 30.3B, will CRO eventually reach a market cap of 1T (an approximate 33x from here)? Much to think about with CDC, but they're certainly on the right track. It's hard to come up with many CONS of hodling CRO, I'd love to hear some reasons as to why you're choosing NOT to buy in. [link] [comments] | ||
| Why do we love CRO but not other CEX coins like BNB? Posted: 28 Nov 2021 05:12 PM PST There's been tons of love and promotion for CRO lately but I fail to see how it's any different from any other centralized exchange tokens like BNB, KCS etc. Just a few months ago several of the top posts were about what a travesty the crypto space is because BNB was a top 5 coin, and how they goes against everything that is crypto So what's so different about CRO? I get it's a lot more in the spotlight with all the marketing and everything and they're making a big run for top10 Not hating or anything, just genuinely curious (and interested to see sentiments next year) [link] [comments] | ||
| A lot of people seem to misunderstand why cryptos share price movement with Bitcoin. Posted: 28 Nov 2021 09:01 PM PST Most of us know that when bitcoin moves, other cryptos move, sometimes identically. I see many comments and posts each time it happens in an obvious way (usually accompanying a fast swing by BTC) calling it out and either asking why it occurs or attributing it to some organized manipulation. Even some well-intentioned commenters explain how there is increased confidence in the markets during a bitcoin surge and so investors jump in alts at the same time. The same can be said about a sudden fall, where bitcoin loses value suddenly and all the alts follow suite. When I first started in crypto, I'll admit it confused me too. But now it makes sense and hopefully it will to you too. Alts are markets inside markets. Bitcoin is nested in the fiat market and alts are nested in the Bitcoin market. In order to understand why cryptos rise and fall with bitcoin, you need to stop thinking of alts directly in fiat value, that's too many steps. This isn't like stocks where everything is traded against the USD. This is crypto, where everything is traded against other crypto and the reserve currency is Bitcoin. As the largest share of trading pairs, BTC is the market stabilizer in the same sort of way that the USD is the reserve currency in the global market. Yes we have stable coins, but they don't dominate the market like the bitcoin pairs. When we compare the value of two cryptos we can forget that we are actually looking at their value in yet a third currency. You may be only looking at two coins but you are including a third trading pair of fiat. Instead, keep it simple and consider only two assets, one trading pair, at a time. During a shared price movement, look at the value of your coin and it's movements in its value in bitcoin and you'll see an accurate market value of your coin within crypto. The magic of the price of all coins moving in harmony falls away. If there is a significant change against BTC, you at least have a proper baseline for seeing true movement of your coins divergence from the baseline within crypto. Now you can introduce the fiat market into consideration if you want. It is the tertiary market in this trio. Let's make a quick oversimplified example to drive the point home: If I were to buy shares in the American company Apple, which is valued in USD, and then the USD somehow suddenly rose 3% in value, would I be surprised that both the USD and the apple stock I own both increased 3% when I lookup the value in Euros? Of course not. Apple is still worth the exact same USD as before. Now since the Euro is smaller you may say the Euro fell 3% instead. It's all relative but the point is the dollar moved and Apple stock did not, unless you care about Apple's value in terms of a third asset. In crypto, fiat is the third asset. TLDR: Matryoshka dolls & Relativity [link] [comments] | ||
| Posted: 28 Nov 2021 10:26 AM PST | ||
| Buy the rumor: will Crypto.com announce US exchange on Christmas Day during Lakers v. Nets? Posted: 28 Nov 2021 03:33 PM PST By now you've probably heard about the monumental "Crypto.com Arena" naming deal which is scheduled to take effect on Christmas Day. https://www.nytimes.com/2021/11/18/technology/crypto-staples-center-la.html Also scheduled for Christmas Day is the Lakers playing the Nets at home. (home being Crypto.com Arena). Crypto.com has stated that they plan to launch their highly anticipated US Exchange in Q4 of 2021. Well there's not much time left in 2021 and CDC is on a roll, dropping one big promotion after another, almost simultaneously. I think Crypto.com is gearing up for something major and that CRO will 2x between now and EOY. What do you think? Are you buying the rumor or do you plan to sell the recent CRO news ? What are some other whisperings you've heard? [link] [comments] | ||
| This Sub is Bipolar: Take Everything with a Pinch of Salt Posted: 29 Nov 2021 02:54 AM PST Just 24 hours ago, people on this very sub were claiming that the bull run was over. The market was down quite far admittedly, but a great number of people were talking as if it was the apocalypse. Now, we've had a small turnaround in BTC and ETH, which has caused a huge swing in sentiment. People are contemplating ATHs and are claiming the bull run is back on. The echo chamber nature of this subreddit causes all sentiment to be multiplied by ten, on the way down and the way up. My advice: don't pay much attention when the market is volatile. DYOR for a diversified portfolio of fundamentally sound coins and tokens, so that you can ignore the cries of this subreddit and not make the mistake of buying high and selling low. [link] [comments] | ||
| Posted: 28 Nov 2021 08:55 PM PST
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| Avalanche’s first memecoin SDOG ends in a $30M rugpull Posted: 28 Nov 2021 10:53 PM PST
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| I just made my first real life sale in Crypto Currency Posted: 28 Nov 2021 06:11 PM PST My mother and I own a small clothing store in a touristic part of Mexico. I opened the store this morning at around 10:30AM (UTC-6) and right away a young couple walked into the store and started trying on a few jackets, after a while he selected three of them (about 60USD each) and approached me at the counter... -Hey, so- I want to buy these jackets but I don't have cash on me or a card from any bank. Do you accept any other form of payment? -Sorry, what do you mean? (At the moment I was imagining some pretty weird things tbh) -Like Pay Pal, or Venmo? -Oh! right. Sorry, I don't have an account in either. Pause... -I could probably take Crypto... -Yeah that be cool, would XRP be fine? (Fastest transaction speed of the currencies available in the most popular crypto exchanges in Mexico) I felt so exited! A real life transaction of physical goods for crypto currency! Just like the pizza guy! The transaction went fine and didn't take too long. Afterward I put that shit into BTC and ETH and due to the recent spike I'm already up like 6%!!! My mom said we should put a sign that says "We accept Bitcoin" lol. Do any of you have personal stories of transactions of the kind? I'd love to hear them! (I hope this isn't a breach of Rule 5.2. If it is, I Apologize and feel free to delete) [link] [comments] | ||
| Posted: 28 Nov 2021 07:39 AM PST
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| Four years ago on this day Bitcoin reached $10,000 for the first time Posted: 28 Nov 2021 08:13 AM PST
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| We are not late. We are not early. Living in the present is living in peace. Posted: 28 Nov 2021 02:00 PM PST I often read posts about we being early into Crypto or the opposite, that we've already miss the train. In my opinion it's neither, because we simply don't know what's next. We don't know what the future will bring. We might be very late and to be very close to ATH market cap or the opposite, the whole Crypto market may jump x100 in the next 10 years for example. In this line of thoughts we should stop worry about being late and stop rejoicing too much being very early. We should accept the reality as it is, following your investment strategy, being happy for the current implementation of blockchain technology in our everyday lives. We should live in the present, because living in the present is living in peace with yourself. [link] [comments] | ||
| Posted: 28 Nov 2021 06:21 AM PST Sometimes I just go on other subs to check out People's view about Crypto,today I visited r/technology sub There is a hot post on the sub ,an old news article about Crypto : "Bitcoin miners resurrect fossil fuel power plant, Drawing backlash from Environmentalists" Here are the some of the top comments
To sum it up, People outside Crypto subs, have the opinion BTC is a scam, only used to buy drugs, used in money laundering,consumes energy. Same circle jerk arguments used 5-7 years ago.,nothing new. They lack the new arguments to bash crypto,even after years,that tells lot of things [link] [comments] | ||
| Watch how quickly sentiment changes now Posted: 28 Nov 2021 03:31 PM PST We very recently hit "extreme fear" in the fear and greed index and that always makes me very bullish. But take a look at how fast the sentiment is going to change now. We'll go back to greed before you know and at the slightest drop, people will become fearful again. At this point, I've become emotionless about the market, it's just numbers on a screen going up and down. The only time I become fearfull is at "extreme greed" and very high leverage. But I think that within a week we're back at greed, so that the noobs can buy high again, after they sold low. I do also think it's a good idea to not become too greedy on social media, because the index does measure that. Prediction: Within a week, we're back at "greed" again [link] [comments] | ||
| Has anyone taken time off of crypto? Posted: 28 Nov 2021 08:48 PM PST I can't help but feel addicted to checking the graphs as soon as I wake up, sometimes I can't sleep because I get so titillated looking at the ups and downs So my question is..have any of you actually taken a significant amount of time off from checking crypto and come back weeks, months, or even years later revitalized seeing a huge upswing in price? Or unfortunately a big loss? Did you feel the break helped your mental? I'm not complaining or anything I have control i swear ,I think, anyway I'm just genuinely curious about the community thoughts, I'm in bed eating cereal [link] [comments] | ||
| Algorand is an official sponsor of the Current World Chess championship. Posted: 28 Nov 2021 08:46 AM PST
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| MATIC price eyes advance as Uniswap prepares to migrate to Polygon Posted: 28 Nov 2021 10:06 PM PST
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| I opened 30 Crypto.com loot boxes from missions so you don’t have to. Posted: 28 Nov 2021 03:20 PM PST It'd be pretty hard by now to not have heard of crypto.com thanks to their aggressive marketing. For those who use their main app, you may have noticed the "Missions" page which refreshes daily with the same three missions; 1) Check the Missions page (1 diamond reward) 2) Trade $20 USD worth of crypto (5 diamond reward) 3) Trade $500 USD worth of crypto (60 diamond reward) Using 25 of these rewarded diamonds you can buy "Loot Boxes" which supposedly contain up to 1,000 CRO rewards. I've opened 30 of them, never once seeing a box better than silver - and my highest reward was 1.2 CRO. On average I received 0.7 CRO per loot box. In conclusion, unless you're trading every day - I wouldn't go out of your way like I did to complete the missions, but the passive CRO rewards can be nice on the days you do your DCA. How have you fared with the loot? Have you seen a coveted platinum loot box? [link] [comments] | ||
| Thailand Plans to Become 'Crypto-Positive Society' — Governor Says 'Crypto Is the Future' Posted: 28 Nov 2021 03:05 PM PST
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| Posted: 28 Nov 2021 02:19 PM PST Now I'm not hating on anyone who bought it, and I'm not even saying Mana won't continue to grow and make people profits but... god it's trash. I have a hard time fathoming anyone ever looking at that "game", Second Life wannabe or whatever, and saying "yes, this is the metaverse I want to sink all my time into." It's empty, and ugly, and laggy, and it's going to be done so much better by someone else. It's only the popular buy because it was one of the only metaverses you could even invest in for a long time, but no way will this game stand the test of time. Maybe I'll be eating my words someday, for anyone with big bags of Mana I hope it continues to do well and truly improve, but I had to sell mine. Moved it into Enjin and Gala, broader metaverse plays that don't depend on the success of just one project. But then again for all I know this is a Fortnite-before-Battle-Royale situation 🤷🏻♂️ All I know is that as a gamer, tech enthusiast, and someone with a job, there's no way I would ever waste my time in Decentraland as it stands now. [link] [comments] |
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