Cryptocurrency Daily Discussion - December 19, 2021 (GMT+0) |
- Daily Discussion - December 19, 2021 (GMT+0)
- Cointest Updates: General Concepts winners, bounty prizes, topic-threads ending soon, recruiting new mods.
- We should create a DAO and buy Reddit once it IPOs
- Grim Finance was hacked. $25,000,000+ stolen so far.
- I finally found my life mission. Reporting shitcoin influencers on Twitter and their fake ass rewards.
- Tribalism in crypto really annoys me
- A DevianArt Artist who has been making Arts for 14 years is going to close his entire Gallery because someone keep stealing his Art and making NFTs. His reports keep getting ignored.
- If I commit fraud, I am sent to prison. If a Bank commits fraud, where are they sent?
- Exactly 8 years ago the Bitcoin HODL meme was born from this legendary post
- Move your Bitcoins and your Alt coins to your private wallets. Exchanges run fractional reserves and lend out your coins to place shorts.
- ETH fees in $3-4 range!
- Why are governments so concerned about crypto and not about other stuff like inflation, poverty, access to medical care. World hunger.
- The Pressure to HODL
- So CoinBase is bad, Binance is spamming their stuff, X exchange has high fees.. How do you even pick an Exchange to buy your Crypto?
- 50 Crypto Trading & Investing Lessons Learned Over The Past 5 Years
- Bitcoin skyrockets in Turkish market as Lira collapses | Cryptopolitan
- Crypto subreddits by size
- How to create your own NFT for free (Beginner's Guide)
- I used to think NFTs are great… now I don’t
- Polygon integration proposal received support from over 72 million Uniswap users in the final phase of the governance process
- The end of this year is approaching, how would you describe 2021 in terms of your crypto investments?
- Are we still in a bull market and why?
- 6 Months of Daily Discussion - Down 83% from ATH
- What will be the next big hype/bubble in 2022?
- Loss of trust in banks, exchanges, the stock market and governments are the main reason why Bitcoin and Cryptos (particularly DeFi) will prevail in the long run.
| Daily Discussion - December 19, 2021 (GMT+0) Posted: 18 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:
Useful Links:
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| Posted: 18 Dec 2021 04:48 PM PST Greetings, r/CryptoCurrency! The Cointest team is pleased to finally announce the winners of the most recent Cointest round for the General Concepts category. As a reminder: the r/CryptoCurrency Cointest is an official, ongoing competition for crowdsourcing the best arguments in support of or against crypto topics by awarding Moon prizes to the winning contestants. The end goal is to provide r/CC readers with a balanced source of quality information for their cryptocurrency research. We also want to remind contestants that copying arguments is no longer permitted starting with the Coin Inquiries round which began last month. Winners – General Concepts - November 2021The last General Concepts round ended on November 30th and a total of 11000 moons will be distributed to the winners listed below: Best Analysis award goes to u/MrMoustacheMan for Regulation Cons! You can find the argument here. Bounties - Win moons for fact-checking and reporting violations.The moon prizes for the arguments selected above will go through a vetting stage lasting one month or until the next mid-month update. This vetting stage will be for fact-checking as well as making sure the contestants did not violate any rules such as plagiarizing content or using sock puppets. Anyone who reviews the selected arguments and finds one which has incorrect facts or violates a rule above can submit a report in the Bounties Megathread. If the report is determined to be correct, the user who submitted the report will win a portion or the whole moon prize for the argument in question. Contestants whose arguments make it through this stage will receive their full moon prize. Latest General Concepts RoundThe current General Concepts round has been live for two weeks. Below is a list of the General Concepts topics and links to their listings on the archive page. To participate in the current round for a topic, click the thread link listed in the top row which has an Open status. Top 10 Round Ending SoonThe current Top 10 round will be ending in two weeks. Below is a list of the Top 10 topics and links to their listings on the archive page. To participate in the current round for a topic, select the thread listed in the top row which has an Open status. Waiting List TopicsTwo new waiting list topics have been added. Changes
RecruitingThe Cointest team is looking to recruit more moderators. If you are interested in joining the team, read this post and submit an application. Reminders
Thank you for your attention and see you at r/CointestOfficial! EDIT: Fixed links for Regulation Cons. [link] [comments] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| We should create a DAO and buy Reddit once it IPOs Posted: 18 Dec 2021 05:08 PM PST This idea is a modification of a r/WSB post I saw earlier today. We all know that crypto technology is the future and where better to display this technology than through Reddit. This is a rough idea ( kind of a joke but interesting to think about nonetheless) that I would love the community's input on. Reddit recently filed a confidential report with the SEC marking its first step toward an IPO. According to Forbes, Reddit's most recent funding round yielded $700 Million, which puts the companies value at around $10 Billion. Most companies offer a limited number of shares at any given time. These shares are usually common stock which gives investors a right to vote and earn dividends (if dividends are offered). The right to vote is the important part. If an individual or group can buy a majority [ 50% plus 1] of a company's voting stock, known as a controlling equity interest, then that individual or group has significant influence in the operating decisions of the company. However, a majority is not always required and significant influence can be achieved through owning a plurality of voting shares. This is where a DAO comes in. I think we all remember the ConstitutionDAO that valiantly tried to buy one of the 13 copies of the U.S Constitution. In what was our crypto National Treasure moment, we were presented with a real-world example of the power of crypto technology. Thousands of individuals, "The People", participated to fundraise money and buy a piece of history. A RedditDAO could attempt a similar feat, but instead of buying an artifact, we could buy a controlling share of Reddit. We could all have a voice on the board of a publically traded company. We would be able to influence strategic and operational changes that impact Reddit users (all of us). Instead of being at the whims of management, we could become a part of management. I neither know the legal behind a DAO having a seat on the board of a publically traded company nor do I know the steps toward creating a DAO, but If someone with the know-how and resources does then this could be an interesting endeavor. For those of you that didn't labor through the paragraphs above here is the TLDR: TLDR: We create a RedditDAO to buy a controlling or influencing share of Reddit once it IPOs. With this influence, we not only have a voice in the decisions of the company but protection from potentially harmful policies. [link] [comments] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Grim Finance was hacked. $25,000,000+ stolen so far. Posted: 19 Dec 2021 12:23 AM PST Statement from Grim Finance, from Twitter.
The hacker has stolen more than $25,000,000 USD. You can view their wallet here. RugDoc.Io posted an excellent write up of how the hacker stole the money, avaliable on Twitter here. SpookySwap have offered the hacker 300,000 FTM in exchange for the 137,000 BOO he stole and is yet to offload. Source here. High drama in the Fantom Universe today. [link] [comments] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Posted: 18 Dec 2021 03:02 PM PST Enough is enough. I am sick of seeing people getting their hopes up, following their idols or whatever on Twitter and listen to them religiously while they are shilling the living shit out of the shitcoin which they are getting paid for. These influencers are putting the whole cryptoverse into shame with their shameless actions. Their rewards are so fake that it's ridiculous. No-one will send you 1 eth if you send them your wallet, like and sub and screenshot. Don't fall for it. Are the followers fools? From my point of view, yes no doubt but I've been in the crypto for a long time and they likely just heard their hero on the internet talking about a big opportunity to get rich. And many of them are just kids. Are you missing a good deed this year? Go and report these assholes on Twitter, IG whatever. [link] [comments] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Tribalism in crypto really annoys me Posted: 19 Dec 2021 04:09 AM PST It is probably the stupidest thing in this market and I always see it on this sub. Recently I came across a post complaining about how DOT isn't in the top 10 anymore but ADA is and how life isn't fair and OP isn't making enough money. Boo hoo. These projects aren't different football that we all support and have to be loyal to no matter what. If you really want to make it big in this space and the technology isn't your priority then you really need to let it go. You trade it you don't date it. I am also part of several different crypto sub reddits on here and the tribalism is ridiculous. I don't know if it's as bad as it used to be but the Solana sub was dominated by anti ADA posts. This is the real world, crypto is and will continue to be a shared space with a bunch of different competitors. We aren't going to reach a time when there's only one coin and the rest have given up, that's ridiculous. We are going to see more and more competition and more and more coins doing well. We need to realise that devotion individual coins doesn't matter and getting cryptocurrency into the mainstream as a friendly environment is the true goal. Thank you for reading my rambling, have a good day. [link] [comments] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Posted: 19 Dec 2021 03:23 AM PST
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| If I commit fraud, I am sent to prison. If a Bank commits fraud, where are they sent? Posted: 18 Dec 2021 11:24 AM PST This frankly frustrates me to no end. This is proof that there is no regulation or "rule of law" to follow when it comes to our traditional financial system. NatWest, one the UK's biggest banks was just fined $349M after assisting to launder over $483 Million with a single client. No jail time, no public apology, no court hearing and certainly no punishment as that is a drop in the ocean compared to their annual revenues. JP Morgan was also just fined $200M for illegally conducting official business via end to end encrypted apps thus evading audits and compliance. Now as an average citizen, how am I chased to report every single dime I make and forced to meticulously track my measly Crypto portfolio? Is this fair and right? How can I accept any form of Crypto regulation by the powers at be when they can't even abide by their own laws? This is insane. [link] [comments] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Exactly 8 years ago the Bitcoin HODL meme was born from this legendary post Posted: 19 Dec 2021 12:41 AM PST
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| Posted: 18 Dec 2021 02:32 PM PST Anyone follows GME and AMC saga with Citadel / DTCC are red pilling lot of new and old investors. Synthetic and fake shares to screw the retail investors. They have all the data and knows where you guys are investing, then short it. Fractional reserves where they lend out your shares to big whales for 0.1% interest rate to fuck you. Crypto exchanges are doing the same but at bigger scale. No regulations. Wild wild west. I know we have a movement that we move coins out of exchanges at a date every year but why not now? We are at a historic low of Bitcoin supply on exchanges, why not bump that up a little more? Why not force crypto exchanges to show they actually have that liquidity? In the US, we have 6.8% inflation in Nov 2021. Wholesale prices went up 9.6%. I call BS. It went way higher. Fiat printing at rapid rate and chasing fewer goods…. yet fixed rate of 21 million Bitcoin prices tanking? I call BS. They use your coins to short the market to tank the price. F them. [link] [comments] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Posted: 19 Dec 2021 12:12 AM PST Quick, do your transactions people! ETH transaction Gas - $3.53 But ERC-20 or uniswap will naturally still be higher ERC-20 transaction Gas - $10.36 Uniswap transaction Gas - $31.88 While fees should still be way lower, for some this may be a good opportunity to do some transfers if you have been waiting for Gas prices to dip Still can't wait for more mainstream adoption of L2 Solutions and then sharding to help alleviate the high fee issues Eth has and allow more of DeFi to become cheaper to use and test out. Enjoy it while it lasts, end of the weekend and it will be gone. EDIT: now down at 28 Gwei ($2.30)! [link] [comments] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Posted: 18 Dec 2021 01:20 PM PST Oh right. It affects their money and power…that's why. There are so many bigger problems than regulation on Crypto right now. Crypto can be used as an asset, blockchain etc. - If the governments really want to make the world a better place, they can adopt crypto/blockchain technology in some way (not legal tender but other ways) and/or focus their energies on other important stuff. There's a difference between giving the government a responsibility and power. Right now governments around the world are using their power for their own benefits and are not taking responsibility for it / their people. Crypto / blockchain technology can really help make the world a better place but people in power are too scared of losing their power… sad reality of our times. [link] [comments] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Posted: 18 Dec 2021 11:36 PM PST Take profits. That's the whole point of my post. As a noob investor I got roped into this hold mentality that's touted by so many folks who are both seasoned crypto investors as well as other noobs entering the market like myself, and as good of an idea that is, it's also important to reward yourself from time to time and rebalance your portfolio if you feel the need. Obviously some people are in it for the long haul and won't touch their investments for years and that's cool, but people who DO want some profit shouldn't feel shamed or guilty when doing so. Do what you need to do for yourself and your happiness. There will always be a dip to re-enter a project if you feel the need. Feels like this needs to be said from time to time around here. Good luck to all! Please share your thoughts. [link] [comments] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Posted: 18 Dec 2021 02:47 PM PST As per title. We saw Coinbase acting shoddy by holding up a fellow member's ALGO in custody, Binance has been sending out worthless marketing emails like crazy these days (personal experience), CDC seem to have higher fees. Do you all have a template on how to choose an exchange? I have not created accounts in FTX, Kraken etc. Are they worth it? I'm a beginner and would prefer to keep my exchange exposure to minimum and looking at transferring my Cryptos to a hardware wallet/Exodus. Any recommendations there? [link] [comments] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 50 Crypto Trading & Investing Lessons Learned Over The Past 5 Years Posted: 18 Dec 2021 08:23 PM PST By Chris Dunn 1 - Everyone's a genius in a bull market. Real traders can survive and even thrive in bear markets or highly volatile markets. 2 - Don't be a blind bull. ALL markets are cyclical. Don't be afraid of pullbacks or market crashes – that's where you can make the most money. 3 - There's a big difference between a trade and an investment. 4 - Fully plan your trade before you pull the trigger on the entry. 5 - Entries are important, but risk & money management is where you make or lose money. 6 - Beware of get-rich-quick gurus hopping on the crypto bandwagon over the past year. 7 - Decide which types of trade setups or investments you'll take and ignore everything else. 8 - Don't assume just because you've made a lot of money in crypto that you can just as easily make money in other financial markets. 95%+ of stock market traders LOSE money. The game is rigged. Stick to what you know works for you. 9 - The best way to day trade cryptocurrencies is – DON'T! 10 - The best way to profit in any market is to find something you think has big potential early (before the general public catches on), and invest assuming you're going to lose 100% of your capital. It's the "angel investor" approach. 11 - You can't control the market. The only thing you can control is your entries, trade size, and exits. 12 - One market participant can completely destroy "good technical analysis". 13 - Don't blindly follow trade alerts from ANYONE, especially random people on social media or chat rooms. 14 - All financial networking marketing projects are ponzi schemes, period. 15 - If you make a life-changing amount of money, do NOTHING for at least 30 days. 16 - Trading isn't about picking exact tops and bottoms in a market – it's about catching the meat of a move. 17 - Don't turn a small losing trade into a massive losing investment. 18 - Don't set daily profit target goals – set long-term performance goals. 19 - Learn to survive, then thrive. 20 - The best charting indicators are price action and volume. You can use others, but it won't necessarily make you a more profitable trader. 21 - Trends can go way past what seems rational. 22 - Don't try to pick tops in a market. Wait for the market to tell you when the trend is over. 23 - Don't trade in front of big news events – it's impossible to predict how markets will react. 24 - The biggest challenge for most traders is their ego, or the need to be right. 25 - You can lose 50% of your trades and still be profitable if you manage risk properly. 26 - The best entrepreneurs and CEO's typically make the worst traders and investors. 27 - People with the best mindset for investing typically have a career in high-risk situations like firefighters, pilots, police. 28 - Avoid pump and dump groups like the plague they are. 29 - You WILL make every mistake in the book. Don't beat yourself up when you make mistakes, just learn and try not to make the same mistake twice. 30 - Don't treat crypto exchanges like bank accounts. You don't own the coins unless you control the private keys. 31 - Crypto is a 24/7/365 market. You can't catch every trade. If you miss one, don't worry – there's ALWAYS another trade. 32 - Don't invest in a coin unless you understand it inside out. 33 - You can make money trading the momentum and hype in shitcoins, just don't invest long-term. 34 - Stay away from coins with low trading volume and low market caps. They are easily manipulated and you can get stuck in a position. 35 - Don't trade with money you need for living expenses. It's called "risk capital" for a reason. 36 - Think of yourself as a hunter – save your ammo for the big game. 37 - Crypocurrency exchanges go down when there's high volatility. If price hits a major target or buy zone, it might make sense to place some orders BEFORE everyone else. 38 - Trading and investing brings all your emotions to the forefront – fear, greed, hesitation. 39 - The hardest thing to do in trading is… NOTHING. This can also be the most profitable thing to do. 40 - Just because a market is in a "bubble" doesn't mean it's going to die. Bitcoin has been through over half a dozen big bubbles and increased in price after each one. 41 - Manage your trades in a way that would leave you with no regrets no matter what the market does. 42 - Learn to think like a contrarian. If you're someone who needs to have your opinion validated by everyone around you, then trading and investing isn't for you. 43 - The shorter the chart time frame, the less reliable the chart patterns are. The longer the time frame, the more variables affect price action and the harder it becomes to predict price. My sweet spot in the daily chart for trade setups and 60-minute chart for entries. 44 - Some market conditions are great for pushing the gas on every trade setup you can find, where other market conditions call for you to slam on the brakes and step away from the markets altogether. 45 - 90%+ of cryptocurrencies will eventually go to zero. Invest accordingly. 46 - The mental side of trading is the hardest to master, the most under-appreciated skill, and will cause you to make or lose the biggest amounts of money. 47 - The 3 biggest problems for traders are over-trading, hesitating on entries, and closing positions prior to profit targets when the trade is still intact. 48 - You can make a career's worth of profit in one year or one trade – don't feel like every day has to be a home run. Play the long game. Be patient and wait for the best plays. 49 - Don't trust anyone else to trade for you. Manage your own high-risk investments (like crypto trading) or don't participate at all. 50 - Take the news for what it is – they're trying to get views and clicks. They're NOT looking out for your best interests or trying to help you make money. [link] [comments] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Bitcoin skyrockets in Turkish market as Lira collapses | Cryptopolitan Posted: 18 Dec 2021 05:30 PM PST
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| Posted: 19 Dec 2021 04:04 AM PST Below are some of the top crypto projects and their community size on Reddit. Here are some observations:
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| How to create your own NFT for free (Beginner's Guide) Posted: 19 Dec 2021 02:26 AM PST
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| I used to think NFTs are great… now I don’t Posted: 18 Dec 2021 09:17 PM PST When I first heard about NFTs I thought it would revolutionize art as it will also give a way to real digital artists to make a name for themselves as well. Just like traditional art. I imagined a world where we would hear about praised digital artists creating great (1 of a kind) pieces that'll live on through history. But now seeing every influencer, actor, celebrity, even politicians coming with their NFT collections, flooding the blockchain with whacky digital art and all trying to make easy money off of it, I'm really disappointed by how things have turned out and can't really see what the future would look like for NFTs. [link] [comments] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Posted: 19 Dec 2021 02:35 AM PST
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| Posted: 19 Dec 2021 04:52 AM PST As the end of the year approaches, I am interested in how satisfied you are with 2021 in terms of crypto investment. I would say that another thing that is also very important in cryptocurrencies is the knowledge that could have been acquired this year. As every year, many ups and downs, new ATH, rising crypto market, many surprises, etc. I would say that this year was very positive for the entire crypto market and that we are closing it with a great price for BTC, which knows to be much better. Are you satisfied? Are you in profit or loss? Cheers! [link] [comments] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Are we still in a bull market and why? Posted: 19 Dec 2021 03:32 AM PST With the poor recent market trends I came to see a few people on twitter and even this sub reddit calling this a bear market/end of the cycle. Historically speaking, December was a good month in the crypto world so this year everyone was expecting massive things to happen, but obviously, it did not go to plan. That probably caused people to overhype and panic buy which is one of the reasons for this state of the market. With that being said, are we still in a bull market or is it bear time already? Will this cycle lengthen throughout most of 2022 or is this it and we have to wait a long time for bulls again? [link] [comments] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 6 Months of Daily Discussion - Down 83% from ATH Posted: 19 Dec 2021 01:16 AM PST
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| What will be the next big hype/bubble in 2022? Posted: 18 Dec 2021 09:10 AM PST 2021 was the year of many big hypes in the crypto space such as:
What do you expect will be the next big thing's, that will hype/bubble up in the next year? IMO we could see the first few cypto projects filing for banking licenses (but I am not sure if they will succeed trying to do that, as well as we could see a revival of cheap and feeless payment coins (like DASH, Nimiq and NANO) as businesses trying to adopt crypto payments more in the eCommerce with the web3 adaption [link] [comments] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Posted: 18 Dec 2021 11:32 PM PST When thinking about crypto from a macro economic perspective and trying to stay away from the short term FUD and noise I think the main reason why, in the long run, Bitcoin and Cryptos will prevail is because an entire generation (Millennials and below) are losing trust in Banks, the stock market and governments in the US but also around the world. Millennials might not account for much as we speak with only 5% of all US wealth (CNBC Source) but this will change progressively as boomers pass on over $68 Trillion to millennials (FORBES Source) making them the richest generation in America's history! Although not all that money will go in Cryptos we can expect the an increasing amount money will be invested in this new asset class. A recent survey shows that 83% of millennials already own cryptos (CNBC source). The hypocrisy of the government wanting to regulate cryptos "because it's used for fraudulent purposes" while bailing out banks time after time knows no limit. Now don't get me wrong, some regulations are needed for cryptos but for the right reasons... to protect retails investors against scams and not to prevent them from making money because it displeases the old guard. Here are some recent events that have contributed to erode trust in central systems: - The GME Case (Game Stop) where brokers and exchanges such as Robinhood blocked buying the stock, allowing only to sell because it suited hedge funds shorting the stock and against retail traders (how ironic for a company named Robinhood). (Source) - The US central bank printing roughly 30% (or more) of all dollars in existence in the last 12 months causing inflation to spike to highest level for nearly 40 years (BBC Source) and just recently raising its debt ceiling by another $2.5 trillion (NYT Source). - JP Morgan fined $200 million for failing to track work related communication (NYT Source) - Panama Papers show how the rich, 12 national leaders and 143 politicians are avoiding hundreds of millions in taxes by using off shore accounts. (The Guardian Source). - Pandora papers also showing how billionaires, 35 world leaders and 300 public officials are using off shores accounts to avoid taxes or for "political donations". (The Guardian Source) - They US Secretary, Janet Yellen, that wants to regulate cryptos paid $7 millions in speaking fees by banks (The Guardian Source). - The estimate $498 billion bank bail out of the Sub Prime Crisis (Mitsloan Source). A crisis caused by the bank themselves out of pure greed. - HSBC, a very anti crypto bank that has blocked transfers to Crypto exchanges quoting that cryptos are used for fraudulent reasons now find $85 million for Anti Money laundering failings (Reuters Source). Please tell me what other events (not necessarily in the US) have also damaged your trust and I will add them. TL;DR / Conclusion: The more banks, governments, exchanges and central systems break the trust of Millennials and the more the wealth of boomers is passed on to us the more decentralized alternatives will gain traction. This will increase lobbying power and investments in favor Bitcoin and DeFi. So, find crypto projects that have a promising future, invest ,stake and be patient. It will be a bumpy road but cryptos are here to stay. [link] [comments] |
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