Cryptocurrency Daily Discussion - November 26, 2021 (GMT+0) |
- Daily Discussion - November 26, 2021 (GMT+0)
- El Salvador buys the dip adding 100 Bitcoin to national treasury ����
- Markets are almost certainly overreacting to the new virus strain, here's why.
- The Banking Industry is taking $12 Billion in Overdraft Fees each Year from poor People: How is Crypto the Problem?
- Global markets sliding on COVID news, get your dip buying chips ready!
- Before you ask why all the red today, check out the DOW.
- Stock market and Crypto is tanking due to COVID variant concerns. Unless this is actually the end of the world, we'll see an eventual bounce back. And if it is the end of the world, you've got nothing to lose.
- I made a $811,860,000,000 market cap crypto worth $3,866 per coin and of the 210 billion minted I own 21 million, all it cost me a couple hours of time.
- What have you guys stocked up on the most during this "Correction"?
- Those who all asked for the dip , well now you have it but are you buying the dip?
- Put your money where your mouth is and buy the dip
- My employer paid me in crypto. It rose 700% in value. Now he wants employees to return the crypto and accept dollars
- Saved up through smart crypto investments to buy my first home - solicitors tells me no one will accept my crypto related money!
- For someone who were buying at 3k-5k, people who say 55k$ is dip is hilarious
- I’m the guy from a few days ago that got scammed for 200k tether.
- A message if this was your first dip
- Are blockchain cameras really more secure/unhackable?
- South Park's latest episode mocks the ‘Bitcoin-Only' future. It’s hilarious.
- El Salvador Buys 100 More Bitcoins as Crypto Market Falls
- Binance CEO: “Dogecoin has lasted so many years. It’s gone up and down, up and down, but it’s lasted”
- You bought the dip recently but it kept dipping more? Congratulations you're heading in the right direction!
- My investing strategy is to DCA and HODL, not because I'm going to the moon, but because I'm too dumb and lazy for anything else
- Crypto.com 'Loaded Lion' NFT sells for $1,000,000 - 2 days after someone paid $200 for it...
- Would you still act same if you added a couple zeros to portfolio?
- Bitcoin may be one of the most important inventions ever.
- The entire market dipped, here's why!
| Daily Discussion - November 26, 2021 (GMT+0) Posted: 25 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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| El Salvador buys the dip adding 100 Bitcoin to national treasury ���� Posted: 26 Nov 2021 11:09 AM PST
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| Markets are almost certainly overreacting to the new virus strain, here's why. Posted: 26 Nov 2021 12:36 PM PST Today wasn't good, I'm not gonna lie. But I absolutely think that the markets are overreacting right now, so I am buying the dip. Why do I stay bullish? I am convinced that this new virus strain will fade away just like all the others did before. Here's an excerpt from The New York Times :
So, here you go, you don't have to believe me. Experts are saying not to panic, so I don't panic. We also have to remember where we are coming from. In March 2020, the whole world economy basically shut down for a month. We had no vaccines, no treatment pills, nothing. And yet, markets recovered so quickly that a lot of investors couldn't believe it. Why would a new strain be any different? Almost everyone is vaccinated, deaths are plunging, and the economy is in really, really good shape. That's why I think this dip is a major buying opportunity. In all likelihood, we will be back at 60k and 4.4k in the coming weeks. If you are a long-term holder, this is a very good entry point. [link] [comments] | ||
| Posted: 26 Nov 2021 06:25 AM PST Banks have charged low income Americans $12.4 Billion in overdraft fees in a year, this is an all time high, never have they taken this much. And nothing is being done against it. But when some guy orders weed and pays with Crypto, it is a serious problem the nation need to solve and some politicians cant stop talking about it. (By the way: in 2020 just 0,34% of all Crypto transactions were connected to crime, an all time low) [link] [comments] | ||
| Global markets sliding on COVID news, get your dip buying chips ready! Posted: 26 Nov 2021 12:18 AM PST On the back of fresh fears over this new COVID variant the markets are getting spooked. Asia had biggest slip in 2 months. UK has just opened and FTSE 100 is down 3%, lots of blue chips down a reasonable amount and the media is all over it. US market obviously not open at the moment but the global sentiment seems quite consistent. With so much institutional investment in crypto this could be an interesting few days/weeks for stocks and very likely crypto if large sums are pulled out. Just remember, if you believe in the project and there is no news to the negative against it then why sell. If you are over exposed consider sensible stop losses. Personally I'm in for the ride and have some FIAT ready to go if need be! Best wishes all, and remember I have no idea what I'm saying... [link] [comments] | ||
| Before you ask why all the red today, check out the DOW. Posted: 26 Nov 2021 08:57 AM PST The DOW is down more than 950 points, and unfortunately that is negatively impacting crypto prices today IMO. Interestingly, and sadly, the DOW is down so much partly because of the latest COVID variation out of South Africa. COVID led to an increase in crypto investors but news of a brand new variant that allegedly is heavily mutated is causing panic in the markets. Crypto is susceptible to large price swings based on major world events, or if Elon sneezes funny. So, I don't think we are so red because of any new sour outlook on crypto, but rather because of the new COVID variant and impact on multiple markets. That said, crypto is still red today, so I'm buying, but extremely cautiously. [link] [comments] | ||
| Posted: 26 Nov 2021 12:56 AM PST This is potentially a repeat of what we saw in 2020, when markets crashed and then recovered as we got vaccine programmes in place. Unless this is literally the end of the world, life will go on in one way or another, and markets will adapt and continue to do their thing. I suspect crypto markets will do exactly the same. And if we are watching the end times, well what have you got to lose? This could present a great buying opportunity if the same pattern occurs again. The challenge is of course trying to get in at the best price. But if you work on the basis it's a flash crash, timing is probably not hugely important. [link] [comments] | ||
| Posted: 26 Nov 2021 01:57 PM PST This is just a bit of a warning on buying coins that look great. I basically made a coin like the squid game coin as it looks great but I can only sell a very small amount at a time. This is the token page on viperswap So if you head on over to a website called https://tokenJenny.one then you are able to create your own tokens on the Harmony ONE network. It will cost a little ONE in gas to mint the crypto I used https://cryptoroyale.one to make some ROY sent it to MetaMask and then trade that for ONE in https://viperswap.one Done now I have made my first crypto and I add it to ViperSwap so I can add liquidity. With this first crypto I added liquidity in ONE at a 1 to 1 basis then I used 0.01 or 0.001 ONE at a time to buy my crypto for roughly 100 transactions this ups the price a little and so I leave the coin and over about 2 weeks the market brings it up. I sell a little to recover all that had gone to gas and this crashes my crypto to a very low price. Next test is creating coins that add liquidity too each other here's a glimps at them all. As you can see I had a lot of fun creating all of these but none of them really did very well so I then thought well I need to start with a better liquidity ratio so I create notbitcoin I then add 0.0001 to 1 ONE and I buy a few transactions of 0.001 ONE getting less and less NBTC each turn, now I have a value better than I had before so I start to add liquidity from the coins I have made making sure to work out the math on the current values as close as can with a small amount and then bang I add Billions in my own cryptos which soar the Liquidity and the value of the new coin I have made. If I sell any of the coins that I have added this will drop the price dramatically due to me being the only owner. Plus I can only sell about 0.0002 at a time into ONE due to the low amount of liquidity in this coin and even that small sale would crash the value. Its crazy to think this is possible and this just shows you anyone can make crypto and make it look like it has a huge amount of value if I now make sure I buy a little every day and not sell for a few months next year this could be the next doge and will basically follow the market. I could start the trend the not crypto's instead of meme coins. Stay safe all hope this educates you that it really is too easy to make a crypto and just as easy to make one that looks amazing. Hope you all have a great weekend. [link] [comments] | ||
| What have you guys stocked up on the most during this "Correction"? Posted: 26 Nov 2021 01:22 PM PST Personally, I was able to load up on some nice bags of ALGO and MATIC, but I was wondering what you guys were stocking up on. It's going to be super interesting to see what happens in the next 48 hours with this covid news, and how the global markets will react. Do you guys believe that we will close off November in the red? Let's hear your thoughts down below. Personally, this is giving me a few flashbacks from 2017, but what do I know. It's very possible that we might never enter a full-blown bear market like the one from 2017 ever again. Cheers! [link] [comments] | ||
| Those who all asked for the dip , well now you have it but are you buying the dip? Posted: 26 Nov 2021 01:43 AM PST Btc at 54K , Eth at 4070 , Ada at 1.54 and many more falling today especially on black friday which is great if you stashing for the long term. Everytime when a high forms people ask for the dip saying they'll go in more when there's a dip well here it is but have you really bought the dip? Everytime we have a dip either few sell them because of panic or argue because they bought the high without even thinking about the investment. If you are here for the long run these are some of the great opportunities to buy them. Remember be greedy when the street is fearful. I can't say this as a major dip as we've seen much worse during this year but if history repeats itself like last year , this could be the lowest point like 18K we had last year which was never breached again. TLDR :- buy the dip and Hodl them [link] [comments] | ||
| Put your money where your mouth is and buy the dip Posted: 26 Nov 2021 10:56 AM PST Just about everything is down now, people are panic selling due to the new Covid news out of South Africa and to pull money out for Black Friday sales or the Holidays. Every post here about crashes, dips, corrections, or whatever you want to call it is met with some version of "buy the dip" from multiple people (including myself). I had some thoughts about things I've been needing to buy or gifts for other people but I don't even know if I can bring myself to buy any of them when all I want to do is double down on anything I've gone in on recently and lower my DCAs. It might keep going down or it might be the bottom for a while. Either way, it's time for you to make good on those comments. Who else is buying the dip? [link] [comments] | ||
| Posted: 26 Nov 2021 05:34 AM PST
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| Posted: 26 Nov 2021 08:12 AM PST I have saved up enough £ (UK) to buy my first property outright in cash with no mortgage! I've found one and had an offer accepted but the solicitors with not complete the purchase with funds related to cryptocurrency due to AML even if I show them they are legit through my exchange history and I've called multiple all with the same response! Anyone in other countries had the same issues? I'm wondering if other countries real estate markets would be less strict? House prices keep going up and it seems I'm stuck with my funds becoming more and more worthless and no way to use them, is there any way around this to make it appear non crypto related to the solicitors? Don't want my savings eroded by inflation but not sure where else to put it maybe put it all into stocks and crypto? However I want a fairly low risk investment and still have nowhere to live hence why I wanted a house! [link] [comments] | ||
| For someone who were buying at 3k-5k, people who say 55k$ is dip is hilarious Posted: 26 Nov 2021 07:40 AM PST This isn't a dip. What happened to this sub? Either 90% people here or at age 15 trying crypto first time or you really like to FOMO and panic sell. For people who watched BTC for over 5+ years will know that BTC many times crashes %70 %80 in 12 hours. You would wake up to see BTC is down %50 then you went to sleep. Always think about percentages, not numbers. 5k$ means nothing when BTC is 50k$. That's %10. That's nothing. When BTC goes to 55k$ from 5k$, you're making %10 gain. Not 5k$. Don't look at the price. Look at the change. Secondly, if you wanna know when it's bear market I have an clue for you: It's when people (who now says they are HODLers) starts to open threads in r/cc about their mental health and leaving crypto for it. You will never time the market. You see people thought BTC would never hit 10k$ again when it hit 20k$ ATH first time. Then it went down to 10k$, 8k$, then crashed %70 like 12 hours to 3.5k$. No one thought that bull run would be %100 erased. It did. It took like 3 years to bear market reverse but in that time, %99 "hodlers" got off the train. Same thing would happen if bear market starts. BTC would hit 30k$. You guys would buy thinking it's dip from %50 off from ATH. It would dip even more. Panic sell starts, even strong hands turn into weak. Then new bull cycle starts. I remember buying at 5k$ (after 20k$ ath in bear market) and came to this sub, there was absolutely no one. Not even 1k online people LOL. Now everybody gives hope in %1 changes here. No one can here has idea how BTC price works. But I can tell you one thing, buy BTC a lot when you have no one to talk in this sub [link] [comments] | ||
| I’m the guy from a few days ago that got scammed for 200k tether. Posted: 25 Nov 2021 04:46 PM PST I'm the guy that got scammed for 200k tether from Twitter. Here are the details: Scammer: lin_cutekiller. Edit: name changed to: Leylani_Lin Dapp: eth-coin dot info Transaction hash: 0xaaf1448c918aed5345fa521cac36e327b22fcccb3437f3cf786ddb211112d7f4 Bounty: all of it is yours unless you have some sympathy and want to kick back some to me. Have at it I've definitely learned my lesson. Although it won't help me personally, I've gone ahead and filed with local police station, FBI internet crimes, and the FTC. Not sure what else is left to do other than work hard and starting over again. Thanks to those of you that were supportive during my last post. [link] [comments] | ||
| A message if this was your first dip Posted: 26 Nov 2021 12:04 PM PST Was this your first dip? Don't worry. I started investing mid April. Yes, during the ATH. Within about 2 weeks the big May crash happened. BITCOIN dropped to $30k from $64k. Yes I panicked, but I didn't sell. Mainly because I didn't wanna lose money. If you don't sell you haven't lost anything. But I was worried. So I didn't buy. I had no experience in crypto and assumed id invested days before it all crumbled and disappeared. Time went by, the price went up. As you know we just hit a new ATH. I wish I knew back then what I know now. I would have bought that $30k btc dip so hard. Now this may not be a huge crash, but it's a dip. Pick your coins, maybe buy those coins you were thinking about too (provided you have the funds available) and wait. Don't panic sell. Invest what you can afford. Buy the dips. You can't really go wrong with that. [link] [comments] | ||
| Are blockchain cameras really more secure/unhackable? Posted: 26 Nov 2021 12:32 PM PST I've had a home camera installed for many years but after hearing about many home cameras getting hacked or the companies themselves selling your data, I decided to take mine down (feels weird and unsafe not to have them up, but i really dont like the idea of someone spying on me in my own home.) I found a blockchain camera called the Ucam. As it's a blockchain camera, it can't be hacked so the feeds and any saved recordings are secure. I've read about this blockchain camera online but does anyone here own one? If so, what has your experience been like? Any advice would be much appreciated. [link] [comments] | ||
| South Park's latest episode mocks the ‘Bitcoin-Only' future. It’s hilarious. Posted: 26 Nov 2021 11:34 AM PST
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| El Salvador Buys 100 More Bitcoins as Crypto Market Falls Posted: 26 Nov 2021 11:49 AM PST
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| Posted: 26 Nov 2021 09:33 AM PST
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| Posted: 26 Nov 2021 05:07 AM PST As of today, I have officially been into crypto for one year, but I still feel like a noob. Normally, I'd say I'm decently smart or at least average, but when it comes to investing I'm just plain dumb and I have a lot to learn. God knows I've tried. Day trading trying to predict the prices never worked and I would spend 90% of the time glued to my phone after I sold to keep checking the price and beat myself up over missed opportunities (you know, because price go down when buy, up when sell). Recently, I figured I'll follow this sub's most popular advice and just DCA. Buying periodically in small amounts and HODL is less stressful and I'm not glued to the charts like before. Granted, I still haven't figured out how to time the DCA out, but I'm still feeling way better about my future. [link] [comments] | ||
| Crypto.com 'Loaded Lion' NFT sells for $1,000,000 - 2 days after someone paid $200 for it... Posted: 25 Nov 2021 08:47 PM PST So two days ago, this NFT was sold by Crypto.com for a cool $200... the buyer was clearly super lucky to get an NFT featuring a Loaded Lion (#1969) wearing a spacesuit with the Crypto.com / Matt Damon 'Fortune Favours the Brave' logo on the suit. Then today something even more extraordinary happened... someone bought the NFT for $1 Million. A buyer by the name of Mark Watney.... Why is Mark Watney of relevance? Because Mark Watney was the name of the character played by Matt Damon in The Martian 🧑🚀 Fortune did indeed seem to Favour the Brave in this instance. EDIT: Loaded Lion #1953 just received a bid for $1.3 million... WTF. Some of the stupid asking prices can be seen here: [link] [comments] | ||
| Would you still act same if you added a couple zeros to portfolio? Posted: 26 Nov 2021 01:01 PM PST I was asking myself this question the other day and curious on other people thoughts. How would i feel or act if i added some zero s to my portfolio. Atm i invested only what i could afford to loose but it s becomming a good chunck for me. When we have dips i m not fazed by it at all. Not liking it but it does not change my mood. But if i add a few more zero s behind it, it most definitly would mess with me. How much, no idea. Say you add 4 zero s to your portfolio, would you still shrug off a 20% dip as easely as now? 1000$ with 20% off is 800$ left, 200$ loss ATM is ok right. 10.000.000$ with 20% off is a 2 mill dollar loss. Would at least hit myself in the head for not taking some profit. I probably would say to myself, it will go up again. But not as easely as with real portfolio. [link] [comments] | ||
| Bitcoin may be one of the most important inventions ever. Posted: 26 Nov 2021 08:22 AM PST If you believe in the fundamental principle of sound money and you are intellectually curious and honest with the state of the world, I believe you will come to see bitcoin is an emerging form of sound money. Money does not have to be tangible; all money is really just a ledger. Bitcoin is an immutable digital ledger that performs all the rolls of money, and at the next reward halving its stock to flow ratio will make it the soundest money on the planet . The soundest form of money always wins. Gold demonetized silver, and the countries that remained on the silver standard (India and China) suffered mightily in monetary terms. Bitcoin is a paradigm shift at the base layer of money, the entire system might change, so take the time to understand crypto. It represents the biggest asymmetric trade bet in history. Bitcoin represents two things, a store of value like gold in digital form and a technological innovation that will someday rival the printing press. Bitcoin may be one of the most important inventions ever. As a store of value. because it only has 21 million coins unlike gold that could double if a miner 'strikes gold', Bitcoin does not increase with higher Bitcoin prices, supply cannot adjust to meet increased demand or higher prices. You can move a billion dollars around the world in ten minutes and it will cost you pennies; nothing like this has ever been present before this technology. Bitcoin takes money out of the hands of government and its cryptology makes individuals self-sovereign. Bitcoin provides an audit function, compared to gold, where we don't even know if we have the gold in Fort Knox, since it hasn't been audited. Governments have found a workaround with their money, with their paper and bonds and fractional reserves, they have managed to suppress the gold price to a fraction of what it should be, controlled by central banks controlled by governments - when the state fails it fails. Bitcoin reminds me an awful lot of the internet, as other technologies, like cars and broadband mobile phones, took years for full acceptance. Bitcoin is truly an existential threat to fiat. BlackRock owns it, JP Morgan, Fidelity, Goldman are all developing bitcoin groups. Gary Gensler, chairman of the SEC, is a fan, he just wants to regulate it. The horse is out of the barn. It is too late for the government to kill it they will just provide regulations giving safe cover to institutions to buy it. They also just approved an ETF. A portfolio should include both gold and bitcoin, we're all on the same team team; anti-fiat. Gold holders should be rooting for bitcoin and bitcoin holders should be rooting for gold, we all want to end state controlled money. The world will return to sound money. Sound money is the most important contested moral issue of our time. Fiat money leads to poverty economic equality social upheaval war and death. We can now vote with our wallets. [link] [comments] | ||
| The entire market dipped, here's why! Posted: 26 Nov 2021 01:27 AM PST
TL;DR: BTC is going to reach its new ATH in December 2021 (108k $ to be precise) and you can quote me on that! [link] [comments] |
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