Cryptocurrency Daily Discussion - November 3, 2021 (GMT+0) |
- Daily Discussion - November 3, 2021 (GMT+0)
- What's the best way to cash out without creating a huge ruckus?
- ETH co-founder Vitalik Buterin discusses Loopring
- Famous guy who bought 8k worth of Shiba and turned it into billions is moving his SHIB!!! He didn't lose his keys ! Be alert if you own SHIB.
- Do yourself a big favor and keep the value of your portfolio to yourself
- I was a crypto millionaire for about 5 minutes.
- I wish more people would talk about investing in terms of percentage of their income instead of dollar amount. That’s a much better indicator of risk.
- Gamestop, NFT's and Cryptocurrency - Part 3 - The Latest Update
- Anyone else out there who has zero plans to sell?
- Why in the hell is Squid Game pumping again?
- Algorand Wins Sharia Compliance Certificate to Enter $70 Billion Market
- What is your goal with investing in crypto?
- I just want you all to know, I do not, nor will I ever understand how NFTs hold value. With that said, stayed tuned for my new line of Cat Buttholes in Space, limited edition NFT
- XLM Stellar launches impressive decentralized Automated Market Maker tomorrow. Stake DOGE/XLM, XRP/XLM pairs and more, swap tokens across chains, feeless trading (actually?), select fiat deposit/withdrawals (Yes with KYC), and my favorite, login and trade with ledger wallet without any KYC.
- More Ethereum Has Been Burned Than Minted in the Past 24 Hours
- Proof that Gamestop is in the NFT Market! And is using a well established CryptoCurrency for it!
- Finally ADA making a move! Who's excited ?
- JUST IN: An Ethereum whale purchased $1,341,083.63 worth of SHIB today.
- How Do Bitcoin ETFs Work and What Are the Pros and Cons?
- Famous Bitcoin Addresses and Transactions
- The highly anticipated Bitcoin protocol update, Taproot, is going to activate when it reaches block #709,632, believed to happen around November 16. It will bring many improvements by replacing ECDSA signatures with Schnorr signatures, enhancing privacy, scalability, security, and lowering fees
- Teaching my kids about crypto and seeing them so interested in the subject in one of those small things I enjoy in life
- El Salvador To Use Bitcoin Profits To Build 20 Schools
- Commonwealth Bank to enable crypto trading for 6.5M Australians, 'other banks will follow'
- “JPMorgan says BTC’s 'fair price' is $35K... but still expects crypto to 'outperform'”. We ain’t seeing 35k again������
| Daily Discussion - November 3, 2021 (GMT+0) Posted: 02 Nov 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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| What's the best way to cash out without creating a huge ruckus? Posted: 02 Nov 2021 08:41 PM PDT For example, lets just say that I theoretically put $4000 into crypto, watched it quadruple and now I theoretically had $16k in crypto. Now lets imagine that I theoretically put half of that so $8000 into this funny haha dog coin called Shiba Inu or something in August 2020 and just forgot about it cause it's funny to put a lot of money into stupid jokes. But theoretically lets say that it turned to $8 billion in a bit over a year and now I want to cash out and move it to my bank account. How would I theoretically go on about this safely if I theoretically had this much money in crypto, in theory of course. [link] [comments]  | ||
| ETH co-founder Vitalik Buterin discusses Loopring Posted: 03 Nov 2021 02:00 AM PDT I posted this yesterday in the LRC sub but didn't get any attention, so thought I'd give it a shot here... In case anybody has doubts about the legitimacy or potential of the project, here is an interview from this past summer where ETH co-founder Vitalik Buterin discusses zkRollups and specifically Loopring. I've linked to the segment where this is discussed, but I recommend watching the entire video when you have time https://youtu.be/XW0QZmtbjvs?t=4266 I recently discovered LRC right before it exploded, and I've been a little worried that it will fall back down to prior levels, especially if the GME rumor ends up being just a rumor. After spending more time researching and watching videos like this I am confident this is a solid project with huge potential regardless of what happens with GME. That would just be the icing on the cake...or the fuel in the rockets. EDIT: Some have commented that they weren't aware of the GME connection, so here's a link to a summary of that, thanks to u/Baetus_the_mage and u/delvo14827 : https://www.reddit.com/r/CryptoCurrency/comments/qjxa3o/whats_up_with_gme_and_loopring_lrc_full/ [link] [comments]  | ||
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| Do yourself a big favor and keep the value of your portfolio to yourself Posted: 02 Nov 2021 04:36 PM PDT There is no need to tell anyone if you have made gains or how much money you have in your portfolio. Why would they do that, what do you get with it? First, you have the risk of someone you told that to go out and start telling other people about it. Therefore, someone may come tomorrow to threaten you, to try to get that money out of you. Since I live in a small town, by tomorrow everyone would know how much money I made in cryptocurrencies. "Could you borrow me some money, hey take us out to lunch now when you made money doing nothing, take us out for a drink, why didn't you tell me to invest in that coin when you knew it was going to jump, hey you made money doing practically nothing.." Envy and jealousy are in human nature. People who don't understand cryptocurrencies have the impression that we put money here and that's it, we wait for the gains and end of the story. Ez money they think. I literally don't see a single reason why they would talk about the value of their portfolio to other people, you will get absolutely nothing out of it. Keep that secret to yourself. My friends think that I am a dumbass for doing this, do you really think that I will tell them about my gains? I am just going to let them think whatever they want, who cares honestly. [link] [comments]  | ||
| I was a crypto millionaire for about 5 minutes. Posted: 02 Nov 2021 05:48 AM PDT Hey guys. I bought in into the Squid Game scam. Don't be like me. I heard about this token a week ago and I went to do research. What I found? 1000x evidence that this was a scam, but I was intrigued. I thought, let me put 10$ in this just for funnies. I got around 661 SQUID. As the days went by, I started seeing it climb, 1$, 2$, 5$, 10$, 30$, and I was thinking... Imagine if I can take this money out. Of course I knew that I wouldn't ever take the money out, I was fully convinced of that, but it was fun to see it happen. Couple of days later, I go to check the SQUID price and it's at 2000$. I was like wtf? 2000$ times 661 SQUID is 1.3 million dollars. I was a crypto millionaire. 5 minutes later it crashed down to nothing, but the 10$ wasn't for nothing. I'm now able to say I was a crypto millionaire at some point of my life. REMINDER: Don't ever put money on scam coins, always do your research and be careful on what you invest. I was fully aware of this scam. EDIT: A lot of people been asking why didn't I sell at 1$ or 20$ or 100$. The reason I didn't sell it was because I couldn't sell. The liquidity pool was closed by the devs since the beginning, meaning that NO ONE could sell/swap their tokens for BNB or USDT or anything else. If I was able to sell I would have sold at 1$! EDIT: If you're wondering how I found that this was a scam read HERE. It can help you detect the next scam coin. [link] [comments]  | ||
| Posted: 02 Nov 2021 06:33 PM PDT If someone comes a long and says "I invested $10k in (whatever coin)", that may sound like someone really believes in that coin, but that may also be a very insignificant amount of money to them. I want to know what kind of risk people are taking. How much does this money mean to you? I think people are lost in dollar amounts. I see people here asking all the time "Is it worth buying $100 of Bitcoin?" I have no idea. What is $100 worth to you? If you believe BTC will double and $100 is your net worth, than you're going to double your net worth. How much you spend on a particular coin is largely irrelevant. You need to be focused on what percentage of your income that risk represents. That's how you factor risk. Comparing your dollars to someone else can be completely meaningless if their net worth is drastically different than yours. I think it would be great if more people were saying "I invested 5% of my monthly income into X". That's much more of an indication of how they really feel about it. [link] [comments]  | ||
| Gamestop, NFT's and Cryptocurrency - Part 3 - The Latest Update Posted: 03 Nov 2021 12:50 AM PDT I wrote the last two posts on Loopring, which seemed to help and educate a lot of people on their potential partnership with some large companies. I have just updated the post with my latest update which breaks down potential partnerships, including a potential one with Ubisoft. I wanted to talk about why Loopring and NFT's are being linked to GameStop. What is GameStop? If you don't follow the news or anything financial, GameStop is a company which sells video games, consumer electronics, and gaming merchandise retailer. For a while, GameStop had (and continues) to have a lot of selling pressure by large companies who wanted to see it crash, so they could gain financially. However, the loyalty of its customer base and shareholders has prevented this, and have turn the hooks on companies which shorted it. It has defied anyone who has gone against it, and is continuing to grow. It has also made a lot of people a lot of money who hold the shares. It has a true following which is loyal and unlike any other company around, and people are willing to keep buying it to watch it succeed. This is what we call a golden supporter base. Apple has it with its products. Samsung with there's. GameStop has the same thing. Why is GameStop getting into NFT's? A NFT is a single asset usually embedded in an object (like a video game skin, for example) and registered in a blockchain network. It is an encrypted digital record of a piece of art that can be bought, sold, and collected. NFTs, meanwhile, have been on their own popularity surge as everyone from traditional auction houses to billionaires began selling the unique digital collectibles. GameStop announced they would enter the NTF arena, to a great uproar from customers and shareholders. This was further enhanced by them launching a NFT website: htps://nft.gamestop.com/ GameStop will be launching its platform on the Ethereum marketplace. The NFT marketplace is expected to reach 1-2 trillion dollars in sales in the next few years. With GameStop at the heart of the gaming industry, it has the ability to capture a large part of the gaming market with its NFT's. With large gaming companies, and large movie producers looking for a industry leading platform to sell their NFT's, GameStop would be the perfect place for them to get exposure, whilst increasing their revenue through there NFT marketplace. So Why are GME Holders So Excited and Buying Up Loopring? The Head of GameStop's Blockchain is Matthew Finestone. The reason why many are getting excited is that he was Head of Business for Loopring before moving to GameStop. He was responsible for bringing business to Loopring, whilst onboarding other companies onto the Loopring system. One can assume that if GameStop needs a reliable, secure, and fast platform, then they would ask their Head of Blockchain where to go. In this case, it could potentially be Loopring. After all, Matthew Finestone did work for the company. He would potentially know everything he needs to know about the Loopring platform, and could integrate both companies together quite easily. Furthermore, GameStop is building a team of engineers, designers, gamers, and marketers to really create a NFT platform which is next generational, and the best in the industry. This along with Ryan Cohen who is known for launching and turning around businesses to make them reach new levels, meaning that backing Loopring and GameStop on a potential partnership could be rewarding for holders. So, What Does This Mean for Loopring? Loopring (before any rumours of GME came out) have stated they are going to be launching a free wallet (maybe this wallet can be provided to all users of the potential GME platform). They also stated that a big announcement is coming in Q4 which would be worth 10 times more than any announcement/quarterly report they would announce. Possible rumours include Ubisoft. This along with rumours that are working with an established partner who is building atop our newly released L2 NFT functionality, is why GME and Loopring holders are pretty excited to see what happens. I hope it helps to why people keep linking GME and Loopring together. If this partnership is real, then you are linking a viral powerhouse with GME (who's holders actually care about the company passionately), and Loopring (who has a game changing NFT platform to scale any company), which can cause an immediate impact to the global NFT marketplace. I hope it helps anyone! [link] [comments]  | ||
| Anyone else out there who has zero plans to sell? Posted: 02 Nov 2021 08:36 PM PDT I have been lurking in reddit-land for years, but have never posted anything; figured I'd start here since Blockchain tech has been my main interest for many years. Anyways, most of the posts i see talk about selling into fiat and getting new cars, houses etc... i personally see a shift on the horizon where crypto currencies ARE the currency and i have, from day one, never planned to sell into fiat. (Not saying there is something wrong with that, because there isn't. Especially if it gets you more crypto. Situations vary.) Aside from a massive mistake i made in 2011/12, i have been hanging on. I do want to have a seperate porfolio for day trading soon. But this is to slurp up more crypto, not fiat. Anyone else out there on board with this mindset? Genuinely curious how many people out here are floating the same raft as me. [link] [comments]  | ||
| Why in the hell is Squid Game pumping again? Posted: 03 Nov 2021 04:30 AM PDT I'm honestly speechless. It was an obvious scam/rug pull from the beginning (read the white paper if you haven't already, it gave me a good laugh), and yet it's up 361% in 24 hours according to coinmarketcap, despite the fact that you still can't sell it for a profit. Some people will never learn, they'll chase the FOMO, chug the Kool aid, and light themselves on fire while they're still recovering in the burn unit from chasing the previous pump. Don't be like these people, come up with a strategy and stick to it, use limit order if it makes it easier for you. Happy trading everyone. TL;DR do your research before you buy into a project, not after. This seems to be becoming less of a norm in crypto. [link] [comments]  | ||
| Algorand Wins Sharia Compliance Certificate to Enter $70 Billion Market Posted: 03 Nov 2021 01:13 AM PDT
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| What is your goal with investing in crypto? Posted: 02 Nov 2021 03:37 PM PDT I know we all want to be picking Lamborghini colors in like a year, personally I'm prone to picking the orange one. But whats your realistic goal with investing in crypto? My plan is to leave my country in 3,5 years (when I finish my PhD). I'm sick of having such a poor quality of life in a third world country, and to be honest I think I deserve more. For that to become reality, I need a lot of money and that's why I'm investing in crypto. Hope that in 3,5 years I can tell yall I made it, but I'm interested in your reasons too. [link] [comments]  | ||
| Posted: 02 Nov 2021 05:30 PM PDT I've tried and tired again, but don't think I will ever understand how NFTs can hold such wild values, what people do with them, and or anything else about them. Some NFTs look like an icon made by a fifth grader. It just can not grasp this concept. But what I do know is Cat Buttholes in Space, and I think it's time to merge the two ideas. Launching within the next month, Cat Butthole Productions will bring you the first collection in a line of many. Our first collection will be Psychedelic Cat Buttholes in Space. We estimate the value of each piece around 10 ETH, don't miss out. [link] [comments]  | ||
| Posted: 02 Nov 2021 10:59 PM PDT | ||
| More Ethereum Has Been Burned Than Minted in the Past 24 Hours Posted: 02 Nov 2021 03:00 PM PDT
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| Proof that Gamestop is in the NFT Market! And is using a well established CryptoCurrency for it! Posted: 02 Nov 2021 11:06 AM PDT Ever since the leaked code from Gamestop Github came above water people responded really bullish! Today Gamestop's wallet adress has been found on the code from the nft.gamestop webpage. And there you can see some test transactions! This makes me super bullish! GME'S account on the Loopring explorer, gamestops wallet adress on etherscan is; 0x13374200c29C757FDCc72F15Da98fb94f286d71e And then you see https://explorer.loopring.io/account/33526 Like this you can finally see they did some test transactions! Showing the project is nearly completed and an official announcement will follow soon!!! [link] [comments]  | ||
| Finally ADA making a move! Who's excited ? Posted: 02 Nov 2021 10:36 PM PDT Finally Cardano is moving! So happy to see my phone vibrate and send me notifications of ADA rallying up. Obviously not a lot, a marginal 5% but hey better little than nothing! Proof: http://imgur.com/a/qwzlyyJ I think it's just the starting and ADA will definitely blow some roofs in the sphere. I don't have crazy speculation but I'm aiming at least for a 2x in this current bull run. I know, ballsy! So what's your price predictions for ADA and what do you think will drive us there ? Ps: The community too is fantastic and I want to thank all the diamonds hands that kept tight during those past times. ADA to the F Moon 🚀🚀🚀 [link] [comments]  | ||
| JUST IN: An Ethereum whale purchased $1,341,083.63 worth of SHIB today. Posted: 02 Nov 2021 09:01 PM PDT | ||
| How Do Bitcoin ETFs Work and What Are the Pros and Cons? Posted: 03 Nov 2021 02:46 AM PDT
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| Famous Bitcoin Addresses and Transactions Posted: 02 Nov 2021 03:52 PM PDT These are pieces of history anyone can view, stored forever on the most secure network in the world. One of the coolest part about the blockchain being an open, decentralized and immutable ledger is that you can look back into the past at snapshots of very special moments. Here are some famous bitcoin addresses and transactions that involve turning points in the evolution of the currency, or are related to important people or events:
Have I missed any important transactions? If you know any that I failed to mention please comment it on this thread! Hope you enjoy this little peak into history. [link] [comments]  | ||
| Posted: 02 Nov 2021 05:55 PM PDT
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| Posted: 03 Nov 2021 03:12 AM PDT I'm a huge crypto fanatic and very deep rooted into it. It basically turned my very hard life into a much more manageable one. This is why I keep teaching my kids about it and surprisingly they're very interesting about the subject. I wish they taught it at school or universities at least. There are some universities like MIT experimenting with crypto classes and there are even blockchain projects like Studyum working on creating an online learning platform that is fully crypto compatible and has crypto rewards for students and teachers. If we teach our children about crypto from a young age, this will ensure the quick and imminent rise of crypto into the mainstream. [link] [comments]  | ||
| El Salvador To Use Bitcoin Profits To Build 20 Schools Posted: 02 Nov 2021 05:05 AM PDT | ||
| Commonwealth Bank to enable crypto trading for 6.5M Australians, 'other banks will follow' Posted: 02 Nov 2021 07:01 PM PDT
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| Posted: 02 Nov 2021 09:10 PM PDT
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