Cryptocurrency Daily Discussion - December 29, 2021 (GMT+0) |
- Daily Discussion - December 29, 2021 (GMT+0)
- My wife and I disagree. We've reached our crypto goal of a house downpayment. She says pull now before interest rates spike, I say HODL. Thoughts?
- North Korea has hacked $1.7 billion worth of cryptocurrency from exchanges, considers it a long-term investment
- 2022 is less then 3 days away… What’s your plan?
- Who else is getting their tax info together?
- Is anyone else concerned by the shift of discussion away from technology and towards price?
- 2021 is about to end, you weren’t lucky to be here you got through couple of “Bear markets” to be here.
- Just a reminder that since 2017 Bitcoin went -30% in a month ten times, but the price is up 50x over the period.
- In hindsight, CRO was an obvious investment
- My flights have predicted the price of Bitcoin now three times in a row
- Time is your most valuable asset
- Why Your precious Mana or SAND might be worthless in a year or two.
- If you find it difficult to take profits when things are going up, don’t despair. Nothing has changed in over 300 years. Let me introduce you to “The Mississippi Bubble”
- New $768 Billion Defense Bill Removes Cryptocurrencies From National Strategy Against Terrorists
- Avenged Sevenfold just dropped NFT tickets to one of their headlining shows to all of their fan club members. Art by Popwonder
- 80% Of Ethereum Holders Remain In Profit Despite Fall Below $4,000
| Daily Discussion - December 29, 2021 (GMT+0) Posted: 28 Dec 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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| Posted: 28 Dec 2021 03:10 PM PST Here's the facts. We live in one of the most expensive cities in North america. Average two/three bedroom townhouse here is about 900k. We have finally saved up 15% of a down payment (other 5% covered) and we would love to get into the market before our family expands and before the inevitable interest rate hikes in the new year. Most of the holding is in ETH. We're kind of going sideways with price right now but I would still cover the down payment if I pulled today at a recent low (4800cdn). My question is, if even 1% of an interest rate hike means an extra $100k on a mortgage, is holding for 6 months to a year to see a possible 10K eth a smart move? Am I basically gaining more crypto but paying more for a house as the rates go up? I feel like I'm stuck between a rock and a hard place. A lot of hard work got me to the single goal that most crypto apes hold for, a house, but now I'm finding it impossible to pull the trigger. Also I don't know shit about fuck and she's probably smarter than me. Ps: yes i'll make sure to ignore any DMs with great offers on how to double my eth thx EDIT: Thank you everyone for your solid advice, knowledge and stories. I didn't expect such a reaction. They say you should always bet against the common sentiment in the sub but today we prove them wrong. I think I know what I need to do now. [link] [comments] | ||
| Posted: 28 Dec 2021 07:15 PM PST
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| 2022 is less then 3 days away… What’s your plan? Posted: 28 Dec 2021 09:43 PM PST With everything going on in the world, COVID, hyperinflation, China pushing boundaries as well as Russia, I think 2022 will be very interesting for crypto. I really think this will be the year crypto breaks out and becomes a staple for Finacial wealth and seen for what it is. It is the future. It has the technology and ultimately, it's decentralized. These governments CANNOT control it. The word is out there and with companies like Crypto.com pushing heavily in the mainstream marketing, I think it's going to explode. It is our time! What's your plan? DCA, HODL or time the market? Personally, I have my eyes on a set few cryptos (the obvious BTC and ETH) and plan to continue to DCA as I'm long on crypto. But am I doing this wrong? What's been the best plan you've set in place that has brought you success? I'm willing to listen! [link] [comments] | ||
| Who else is getting their tax info together? Posted: 28 Dec 2021 06:42 PM PST Not going to lie, I did a lot of selling & trading with crypto this year and made a few purchases on top of that. For the record, in the US, taxable events include:
That said I'm already getting a headache staring at spreadsheets and switching between tabs. All I've learned thus far is to use the LIFO method ("Last In, First Out") unless you entered the market at the ATH, or you bought in more than a year ago. That's just my perspective though. [link] [comments] | ||
| Is anyone else concerned by the shift of discussion away from technology and towards price? Posted: 29 Dec 2021 01:46 AM PST I have been lurking the crypto space 2017, and I have noticed a clear trend away from discussing the technology underpinning blockchain and cryptocurrency, and towards profits. While I don't think it is a bad thing to want to make money, this suggests to me we are near a crash, as when everyone wants to take money out of the system, where does the money come from? I am seeing fewer and fewer of the passionate tech nerds and more ordinary people brought in by price hype. I am wondering if anyone else shares my concern? [link] [comments] | ||
| Posted: 29 Dec 2021 03:43 AM PST No, You're not lucky to have this gains. You did your research. You held through China banning crypto for trillion times. You held through crypto bill. You weren't stupid enough to hold SQUID. You sit through Thanksgiving/Christmas dinners while your family made fun of your Lambo plans. You learned to invest. You didn't buy low and sell high. You took risky decisions. You bought crypto assets. You didn't YOLO into 100x trade. You held through the mini bear markets. You held through May crash when Bitcoin was going to 0. /s You held through the bear traps. If now you are in profit it's not because you were lucky. You made this possible. You got your grandma into crypto. /s Give yourself tap on the back and be ready for 2022. Whatever 2022 brings us we are ready. [link] [comments] | ||
| Posted: 28 Dec 2021 03:04 PM PST
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| In hindsight, CRO was an obvious investment Posted: 29 Dec 2021 12:16 AM PST Like many I'm up late at night thinking about how I could have improved my financial plays in crypto this year. Something that has been gnawing at the back of my mind is Crypto.coms entire structure. It should have been obvious that CRO was going to multiply significantly, with a Price point of 0.2 a few months ago. The CRO card was an in-platform advertisement that gave real life clout (and benefits) for just holding the coin. This was as sure fire of a sign to buy up, but I sat here like a Goomba doing jack, thinking about NFT's and potential. Here's to 2022 being a great year for the market, so I don't have to bother picking and choosing 🍻 [link] [comments] | ||
| My flights have predicted the price of Bitcoin now three times in a row Posted: 29 Dec 2021 02:32 AM PST I made a post a couple of weeks ago about how my two previous flights have correlated with a large/unexpected drop in Bitcoin. When I flew from Georgia to Lithuania I started my flight with Bitcoin at $52,000 and landed with it at $47,000. I flew back to the United States in early December and Bitcoin dropped again on my first flight. I made a post predicting Bitcoin would drop on my next flight and posted it as the 27th. Well my flight got delayed and Bitcoin again dropped significantly while I was on my international flight. I think this means my flights are a better indicator of the price in Bitcoin than PlanB's predictions. [link] [comments] | ||
| Time is your most valuable asset Posted: 29 Dec 2021 01:32 AM PST Time. It it is the asset that is both your friend as your enemy. It is swings by every second. Seemingly increasing its speed as you age. Time is also the thing you need for long-term investments, hodl and wait for your investment to grow. Patience is the ability to let time pass and yield beneficial results, or the results you want. Now the tricky thing is that you'll need to balance the time for waiting for your assets to grow while living and enjoying that time too during your investment period. Prevent waiting for life after receiving x or y amount of investment returnst. You may find yourself reaching your investment goals after a period of time. But you might have lost most of your time for living. Bottom line, do not postpone living a good life now. Invest a "sensible" amount of money in your cryptocurrency projects, wait and you may have a better financial position later. While waiting, live the time of your life. [link] [comments] | ||
| Why Your precious Mana or SAND might be worthless in a year or two. Posted: 29 Dec 2021 01:56 AM PST Metaverse is the future. Many analysts tell us that. But is it gonna be any of current projects? Mana isn't nearly as polished as "the metavers" anyone imagined. Sandbox too looks like an alpha version of a mediocre game (tho much better than decentraland). Other projects are either not finished , half baked or too big to ever be what they promised. Reality is as much as I love to point to one project and say "this is the one guys...buy it." There is none. Not at the moment at least. Any of them can be the one and still all of them might turn out to be crap. But 2022 might be different. Main problem with current metaverse project is that most of them don't have the money or manpower or even experience to do it right. Also some Technologies are still too pricey to be for everyone. Like VR headsets. But big players are coming. Epik already started investing huge amounts of money in it's own metaverse. Apple also planing on releasing a "mixed reality headset". Others are coming too. And when they come...when giants like apple enter the race, most of today projects might bit the dust faster than you can say "fuck... I'm broke". So my opinion is metaverse is still an extremely risky investment. If you are gonna buy look for projects with the actual manpower , experience and money needed to achieve something big. Happy new year to you all Vve [link] [comments] | ||
| Posted: 28 Dec 2021 02:18 PM PST In 1717 the Mississippi Company, chartered in France, set out to colonize the lower Mississippi valley, establishing the city of New Orleans in the process. To finance it's ambitious plans, the company, which had good connections at the court of King Louis XV, sold shares on the Paris stock exchange. In 1717 the lower Mississippi valley offered few attractions besides seasons and alligators, yet the Mississippi Company spread tales of fabulous riches and boundless opportunities. French aristocrats, businessmen and other members of the bourgeoisie fell for those fantasies, and Mississippi share prices SKYROCKETED. Initially, shares were offered at 500 livres apiece. Two years later on August 1st, 1719, shares traded at 2,750 livres. By the end of the month, they had nearly 2x and traded at 4,100 livres. Less than a week later, they shot up to 5k livres. By December, they had pumped to 10k livres per share and euphoria swept the streets of Paris. Instead of people taking profits and enjoying their gains, people sold ALL their possessions and took out huge loans to buy Mississippi shares. Everyone believed they had found their rocket to the moon. In early December, the panic began. Speculators realized that share prices were totally unrealistic and unsustainable. People started selling and an avalanche ensued. In order to stabilize prices, the central bank of France bought up Mississippi shares, but it could not do so forever. Eventually it ran out of money. So what did they do? What banks do best; they printed more money. The entire French financial system was placed within a bubble and while big speculators got out in time, the small investors lost everything. The moral of the story? FOMO has existed since the beginning of capitalism, taking profits is hard to do when everything is only going up, banks will win more often than not because they write the rules and if you're a small fish in a big pond, nobody is gonna look out for your best interests except for you. [link] [comments] | ||
| New $768 Billion Defense Bill Removes Cryptocurrencies From National Strategy Against Terrorists Posted: 28 Dec 2021 08:43 PM PST
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| Posted: 28 Dec 2021 07:19 PM PST Summary of their Discord post to fans: For all Deathbats Club holders on Christmas Eve, If you had a bat in your wallet, then you would have received an Avenged Sevenfold concert ticket to any headlining show in the future. This ticket will not expire and can be used at any time. For anyone new to NFT's, it needs to be pointed out that the artwork is from none other than "Popwonder." He is an absolute legend in this game and you all now own a piece from him. There will be 50 spots (100 people) available to use these at any particular show. This will not be a problem for 99% of shows but if you live in LA, London or anywhere were there could be a lot of people using these, then you will have to RSVP early to hold your spot. The last caveat is an evil one, but it's very much in line with the fun of NFT's. If you use the ticket, we burn it. So, if you redeem and go to the show, then your beautiful Popwonder piece goes away. As people redeem, then the scarcity of the Popwonder goes up because less of them exist. So have a good time making that decision when the time comes! [link] [comments] | ||
| 80% Of Ethereum Holders Remain In Profit Despite Fall Below $4,000 Posted: 28 Dec 2021 03:15 PM PST
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