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    Cryptocurrency Daily Discussion - January 31, 2022 (GMT+0)

    January 31, 2022

    Cryptocurrency Daily Discussion - January 31, 2022 (GMT+0)

    Daily Discussion - January 31, 2022 (GMT+0)

    Posted: 30 Jan 2022 04:00 PM PST

    Welcome to the Daily Discussion. Please read the disclaimer 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:

    • All sub rules apply in this thread. The prior exemption for karma and age requirements is no longer in effect.
    • Discussion topics must be related to cryptocurrency.
    • Behave with civility and politeness. Do not use offensive, racist or homophobic language.
    • Comments will be sorted by newest first.

     

    Useful Links:

    submitted by /u/AutoModerator
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    Coming soon: Your boy will be featured on a Reddit Talk this Thursday night!

    Posted: 31 Jan 2022 02:23 AM PST

    Coming soon: Your boy will be featured on a Reddit Talk this Thursday night!

    ​

    https://preview.redd.it/uiwxeilhyze81.jpg?width=1059&format=pjpg&auto=webp&s=02fbfecc4c8c4313e5eaaf1749800f13dd3034e1

    I'm excited to announce I'll be featured on a Reddit Talk session in a few days!

    What is Reddit Talk?

    Talk is Reddit's new live audio feature where they host members from the cryptocurrency community and readers of the sub can interact live with the speakers.

    The session will be entitled "HODLer's Delight: Impartial Lessons from Four Years of Data from the Top Ten Crypto Index Fund Experiments"

    Wen?

    Date: Thursday, 3rd February 2022

    Time: 8 PM to 9 PM EST

    You can use this Timezone Converter to schedule ahead in your time zone.

    What will the Talk be about?

    I began my homemade Top Ten Crypto Index Fund on January 1st, 2018 in an attempt to capture the gains of the entire crypto market. Designed to be beginner friendly, the Experiment invested $100 in each of the Top Ten Cryptos and repeated the Experiment in January 2019, 2020, 2021, and 2022, turning the once a year $1,000 investment into an annual tradition. I have not sold or traded, but simply held and have been sharing the results with the r/cryptocurrency sub every month over the past four+ years.

    As the reports have improved, I've added metrics on ranking, winners and losers, and Bitcoin domination while comparing the portfolios to each other, the S&P 500, and the entire cryptocurrency market. I present my updates in an unbiased manner, not picking favorites or shilling projects, and prefer to let the data speak for itself. The Top Ten Experiments have informed the approach of many cryptocurrency investors over the years.

    Along the way, many lessons have been learned. In this Talk, I will provide key takeaways from four years of Experiment data. By sharing these lessons in a simple and accessible way, I hope to positively contribute to the overall knowledge and investing strategy of the r/cryptocurrency community.

    Questions welcome!

    Questions are highly encouraged! You can write your question as a comment in the official announcement by the mods (coming soon). They will compile them based on relevance and try to get it answered for you. If your question is accepted you will have the opportunity to come on stage to ask your question directly to the speaker. If you're uncomfortable with this the moderators will ask the question for you. They will contact you before the Talk regarding your question. Listeners and readers joining us in the Talk can also raise their hands during the talk, if you want to ask questions directly.

    How can you participate in the live Reddit Talk?

    To participate in the Reddit Talk, you need to have the latest version of the official Reddit Mobile App installed on your mobile device. Or you can now listen in through your desktop!

    You'll see this Reddit Talk in the r/CryptoCurrency feed as soon as it goes live, and the link to the Talk will also be posted on this sub as soon as the Talk is live! You can open the link on mobile and it should open the Talk on the Reddit app!

    Looking forward to the Talk and participation from all of you!

    submitted by /u/Joe-M-4
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    Elon Musk Posts a Meme About Hitler: 'Hitler Inu' token up 5500%

    Posted: 30 Jan 2022 11:46 PM PST

    Elon Musk Posts a Meme About Hitler: 'Hitler Inu' token up 5500%

    Elon Musk recently made a (fairly average) meme about how people say that anyone who disagrees with them politically is Hitler.

    Since then, a new token 'Hitler Inu', is up over 5000%.

    ​

    Hitler Inu is up over 5500%

    Jokes aside, I think this is terrible for crypto.

    Firstly, one man can indirectly control the markets without even meaning to (at least, he didn't mean to in this case). Secondly, it is projects like this that makes the average retail investor think that crypto is a pyramid scheme/scam.

    As an asset class, crypto needs to move away from these sort of projects and focus on fundamentals etc.

    Tl;dr Hitler Inu token is up over 5500% based off an average meme.

    submitted by /u/Laughingboy14
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    99% of the crypto market has 0 real life utility. Change my mind.

    Posted: 31 Jan 2022 05:05 AM PST

    Other than a speculative asset with a glorious whitepaper and an impressive "ex workers" of big name companies all around the world, they all promise the Moon but underdeliver. I have yet to see something that has an actual use in realife that is using any of those tokens/coins technology.

    I understand that there are companies looking into metaverse, NFTs or accepting Bitcoin as legal tender, but those are very niche and far from mass adoption.

    Honestly talking the only projects i've seen of use are cost cutting protocols such as MATIC & LRC for transactions, and Brave Browser (BAT) which i actually find it awesome to use.

    Do you have other opinion? Are we throwing money into the void?

    Are we any different from gambling our money if the rate of uselessness is so high?

    submitted by /u/HiddenknifeX
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    I don't want crypto to make me one of the elite, I just want money to no longer be a source of fear and anxiety for me.

    Posted: 31 Jan 2022 08:55 AM PST

    I've seen a lot of people giving big promises on crypto's future, promises that I'm sure could become true. All about how in 10 years our holdings will multiply exponentially. How people who hold and keep going with crypto will become millionaires and one of the elite and all that jazz.

    And while that may be true, I personally don't have an interest in that like so many investors seem to have, both in crypto and in stocks. For me, money in itself isn't the goal, and I feel like it shouldn't be for most people. I don't want to be "at the top 1%". I don't want to be above anyone. I just want money so I can live my life without fear and anxiety, so I can do the things I've always wanted to do and support those I love, enjoying life to the fullest.

    When you're in crypto, always remember your goal. The point at which you'd be willing to pull out and use that money you gained. Remember, we're not immortal dragons, sitting atop our pile of gold ain't gonna bring us any happiness if we die without spending any of it.

    Life is there to be lived and enjoyed, and that, to me, is what crypto can offer me. Freedom.

    submitted by /u/Supercharmeleon
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    For fuck's sake. Decide if you are a trader or an investor.

    Posted: 31 Jan 2022 04:38 AM PST

    I don't know why people don't understand this but being an investor is very different from being a trader.

    You are a trader if:

    1. If you are after quick profit.

    2. You want to cash in on your investment by selling at a pre-determined price.

    3. You are constantly looking for promising buying opportunities.

    4. You love the thrill of a volatile market.

    You are an investor if you are:

    1.looking for long term profit.

    1. Don't want to spend much time/energy following price movements.

    2. Want to sleep well at night.

    3. Willing to leave your money in one place for a long time.

    Now if you are an investor, you should be ready to wait for the next bull run. So stop bitching about the prices and move on.

    If you are a trader then you should have minimized your losses at the start of the bear cycle. If you didn't, then you clearly are not good at what you are doing.

    If you are a trader you should try using the hype around coins and sell without being too greedy.

    If you are an investor just ignore the hype! You want something with long term prospect.

    Just decide what you want to be and stick to it.

    Edit: it seems I have to write another piece about "why you can't be both" soon. Half of what people say in comments about being both a trader and investor are actually still being only one of them. My understanding is most people here are short term investors. At least according to more than 300 comments I have read so far. And we have very very few actual traders in here.

    Regards Vve

    submitted by /u/Successful_Craft3076
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    I sold everything that I don’t 100% trust in

    Posted: 31 Jan 2022 07:44 AM PST

    There is no denying that we are in a very delicate times when it comes to crypto (and stocks) market. Volatility is here and no one knows where it'll take the market.

    Now is a perfect time for rebalancing portfolios and pumping out of short term gains into long term projects that have strong foundations and can survive the winter.

    If you trust a project, 100% believe in it, its easy to hold through the volatility and fud. I have seen shifting my assets from low capped coins that were showing good profits into mainly ETH and BTC. Why? Because sats. During winter one should always focus on grinding the sats.

    Rebalancing is imho one of the things that many dont do and later regret it. Be safe my lovely people

    submitted by /u/DaddySkates
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    As a young adult, I view crypto as one of the only ways to potentially own a house/property in the future.

    Posted: 30 Jan 2022 08:48 PM PST

    I just turned 21 a week ago today.

    I've been investing in crypto for just about a year now, but more seriously the past 7 or so months. No I'm not investing significantly large amounts of money, but I am allocating a fair percentage of my income into crypto.

    Why?

    Because buying a house, owning some property, or even renting a place has seen prices increase substantially; especially here in Canada, where housing prices jumped over 26% last year.

    I'm not investing on a whim; I take the time to learn the fundamentals and do my research. I buy solid crypto that I personally believe in for the long term. I'm fine waiting, practicing patience, and accumulating over time.

    I don't expect to become rich, and I know damn well I won't wakeup a millionaire one day. However, I have faith and am optimistic about the future of some projects I hold, like CRO and ALGO for example. (ETH and BTC too, of course).

    Good things come to those who wait. May we all prosper!

    Little edit: the feedback I'm receiving is exactly why I love this community so much, thank you all for the kind words! I genuinely hope you all find financial freedom one day.

    submitted by /u/mygallows
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    US Senator Wendy Rogers Introduces Bill To Accept Bitcoin As A Legal Tender In State Of Arizona

    Posted: 31 Jan 2022 08:42 AM PST

    You were all asking for a dip, now it’s here, do something about it

    Posted: 31 Jan 2022 07:50 AM PST

    "

    This is the dip you were all asking for, so now do something about it. I saw a post here every day during the bull season about waiting for a dip or whatever, now that it is really here, I don't see anyone calling for buys or supporting new projects.

    Everything is literally, literally half off. So why aren't you buying? You literally asked for this. In my opinion, veteran traders understand the buying opportunity this signifies and are stacking up on BTC and small alts. Now small alts is where most don't understand what's happening. Powerful whales will literally look for the next project and buy it cheap before it pumps, and maybe you should too… Good small projects are out there. Take for example, the Royal Falcons Club, with their innovative reward mechanism. Some whale will literally buy most of it while it's cheap, and one day you will say, damn I wish I head of this.

    The time to buy is NOW, pull yourself together and let logic overtake fear."

    submitted by /u/ResearchExpensive820
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    U.S. lawmakers traded an estimated $355 million of stock last year. These were the biggest buyers and sellers. Must be nice to have the inside track, and make money on it, without consequences.

    Posted: 31 Jan 2022 09:49 AM PST

    Litecoin’s biggest Upgrade MWEB is Now Released

    Posted: 31 Jan 2022 10:08 AM PST

    Interest in Shiba Inu seems to have dried up completely

    Posted: 30 Jan 2022 12:36 PM PST

    Interest in Shiba Inu seems to have dried up completely

    A few months ago, the meme-coin Shiba Inu (SHIB) was pretty much in the spotlight. The cryptocurrency rose astronomically within a short period of time, and crypto investors' interest in the project was gigantic at times. Shiba Inu even made it into the top 10 largest cryptocurrencies. However, the price of Shiba Inu has since plummeted, and the hype and interest surrounding the project seems to have completely evaporated as well.

    ​

    Google Trends

    In fact, last year Shiba Inu was so popular that it topped CoinMarketCap in terms of searches. Also on the Google, there was a huge search for, for example, "Shiba Inu" or "Buy Shiba Inu" all over the world.

    ​

    However, this search volume on Google has totally dried up in the last 90 days. Google Trends shows that a peak in terms of interest was reached on October 29 last year. Since then, this search volume has plummeted by a whopping 92%!

    ​

    https://preview.redd.it/9lts5dtmyve81.png?width=1168&format=png&auto=webp&s=e667ddbf9ad93d831e1f3d6f02d518bcc574f8c3

    Shiba Inu Price

    The price of meme-coin did not manage to perform much better in recent months. Since the all-time high set at the end of October 2021, the SHIB price has dropped more than 75%. In fact, at the beginning of January, Shiba Inu's market capitalization plummeted by more than $3.5 billion in just one week.

    ​

    Although the team at Shiba Inu is still working hard behind the scenes to get the project back on track, this seems to have become quite a task. Here and there SHIB still gets listed on a new crypto exchange, but the extreme price appreciation we saw in the past seems to be a thing of the past so far.

    ​

    Of course, Shiba Inu is not the only cryptocurrency that is performing poorly at the moment. Due to the high uncertainty in both the crypto and equity markets, most cryptocurrencies are deep in the red. Nevertheless, the demise of SHIB can be called an outlier.

    ​

    ​

    Edit: Shib holders and fans, stop attacking me for pointing out your coin has had its day and people have moved to the next Doge/Shib, jeez, chillax and accept the bad investment choices you made

    submitted by /u/RefugeeDutch_Syrian
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    Bored Ape Yacht Club NFT Sold for $2.85 million in ETH

    Posted: 31 Jan 2022 10:25 AM PST

    Wonderland Time - A Smart Scam disguised as a "Failed Project" (Timeline)

    Posted: 31 Jan 2022 12:47 AM PST

    • Daniel Sestagalli a known reputable person in the crypto space and his team created an OHM Fork and DAO called "Wonderland" on the Avalanche network.
    • Wonderland offered an insane 80000% APY on its launch (10x that of Olympus) for staking its token "TIME".
    • The project gained mass popularity right from its launch due to its high APY and Daniel's pre existing followers.
    • The price of TIME token peaked to an all time high of $10k from about $2000 within a month.
    • Wonderland gained its maximum investors between mid november and end november. TIME was trading on an average of $8000 at that time.
    • Nobody thought that Wonderland would rug since its founder was doxxed. Anybody who thought otherwise would instantly be labelled as a FUDster.
    • Any valid question or criticism of the project was suppressed and downvoted claiming to be FUD. The founders of the project promoted it.
    • Sifu, an anonymous person who claimed to be working in a major finance company in US was in charge of managing the $1 billion dollar treasury of Wonderland.
    • Daniel regularly used to act like a "people's man" by tweeting stuff like, "fuck the suits", "fuck the VC's", "fuck the whales". Basically, man used to preach about decentralisation alot. His followers slowly turned into a cult who used to worship him no matter what decisions he made.
    • Despite being a DAO, majority of people who invested in Wonderland believed that decision making should be done by Daniel and Sifu only, giving them too much power right from the beginning.
    • The project with its ridiculous "lambo calculator" gave many false hopes to people. $1k worth of TIME would become worth millions in one year. Many people invested way more than what they were willing to lose. Someone put in his house down payment, someone put in his student loan in the hopes of becoming millionaire at the end of the year.
    • Everything was working fine until the entire crypto market crashed in January. TIME price started to plummet losing around 20% of its value every weak (sometimes everyday). The price started dipping from an average of $8000 to $6000, then $4000, then $2000. Nothing was stopping the price drop.
    • People had already lost more than 50% of their investment in less than a month. But the "price doesn't matter, the APY will cover it up in a year" attitude of people kept them clinging to this project.
    • Any concerns or questions about TIME'S price tanking were dismissed by saying "Bitcoin is also down" and "it's just whales selling to buy back at cheaper rate".
    • While the price kept tanking weeks after weeks, the team kept on supplying hopium to the people. Sifu claimed that they will be investing the treasury money into several projects that will generate them revenue in the long run.
    • The very first investment was supposed to be a sports betting platform called Betswap.
    • Sifu promised that holders of TIME who did not sell even after the crash would receive an airdrop of BSGG (betting platform's official token) coins as a gift for having faith in the project.
    • Needless to say, the airdrop never happened. It was supposed to happen "next week" but which "next week" was never clarified. Questions about the airdrop were dodged by saying "technical issue", "coding error" by Sifu.
    • Several other projects were also announced as part of our investment which never saw the light of day.
    • The team had promised that if the price of TIME fell below the backing price, they would do huge buybacks from treasury so that the price doesn't drop any further. (For example, if the price of TIME was $3000 and its backing price was $2000, and suddenly the price of TIME crashed to $1500, the team would initiate buybacks, i.e buying TIME until the price reached the backing price of $2000)
    • The backing price of TIME was once $2300. As expected, the price fell below $2000 but no buybacks were done. After some time the backing price fell to just $1000 per TIME.
    • Again the price of TIME fell below $1000, but this time Sifu did the buyback and bragged about it how they are not like other DAOs and they actually do buy backs.
    • The price of TIME stayed above $1000 for like 2 days after it fell again.
    • This is when things start getting spicier. One fine day, the price of TIME tanks 50% from $1000 to about $500, yes in a single day.
    • There was panic all around the community having the same question, "what the fuck happened".
    • Basically there was a mass selling in a certain hour by whales.
    • Daniel and Sifu, the founders of project did not do the buybacks because they were "sleeping". Alot of people who had kept TIME as a collateral to borrow stable coins from abracadabra.money (another Daniel's project) got liquidated. The people who used TIME to borrow crypto believed that the price would never tank so hard because the team would do buybacks.
    • But since Daniel was sleeping and he forgot to do the buyback (lol), so many people got liquidated, including Daniel and Sifu themselves.
    • Daniel tried to act all innocent tweeting he did not know any of this and he was just sleeping. And since he lost money too, noone doubted him.
    • Just one day after this shitshow another news breaks out that Sifu, the treasury manager is the founder of a collapsed CEX called Quadriga and a known fraudster who has been scamming people for about 2 decades.
    • The price of TIME falls to an all time low of $300 after this news.
    • Daniel claimed that he knew about Sifu's identify from 1 month ago but he did not take any action because he believes in giving second chances.
    • Following the outrage by the community, Sifu was removed from Wonderland as the treasury manager through vote.
    • After this, Daniel makes another proposal the next day. He gives the people two choices. Abandon the project, do one more buyback and take the TIME price above backing by draining the treasury or to keep the project alive and assemble a new team within 5 days.
    • The first option was nothing but a tight slap to long time holders face. People who had invested in this project from the beginning had lost more than 90% of their wealth. Draining the treasury would only give them about 10-15% of their investments back.
    • Meanwhile the whales saw the opportunity to make some quick cash through this. They bought a shit ton amount of TIME for $300 each, while the backing price was almost $600. That would mean that after the buyback (if option 1 wins) the whales would double their money in 2 days while long term holders will only get 10% of their money back.
    • The votes started kicking in and as expected top 20 whales made 70% of the votes in favor of option 1 while thousands of other voters with less TIME and voting power made only 30% in favor of option 2.
    • Basically except the whales who joined in just 1 day ago, noone else was benefiting from draining the treasury and everybody else wanted the project to continue.
    • But but but, even though a bunch of whales had a lot of voting power, they lost the lead because an overwhelming majority voted for option 2 and won.
    • Daniel who wanted to drain the treasury after seeing the result dismisses the vote not respecting the proposal. And says some bullshit like this.

    So, what actually happened here?

    In short:

    1. This was all part of a huge scam carried out by Daniel and Sifu.
    2. Daniel knew all along about Sifu's identity.
    3. Daniel got liquidated not because he was sleeping but he wanted to get liquidated. He had borrowed stablecoins by keeping TIME as collateral. He knew that TIME would be worth pennies in the next few days so he did not mind losing it all.
    4. If he had directly swapped TIME for any stablecoin people would have doubted him so instead he gets liquidated and tries to act all innocent.
    5. Next day Sifu's identity is revealed, it was not found out by any detective, it was pre planned from the beginning. (also there's no proof that Sifu is Omar, it might just be another one of their tactics)
    6. After the price tanks to $300, Daniel, Sifu and everybody on his team create several new wallets, buy millions worth of TIME at such a cheap rate and then Daniel announces that there would be a vote to distribute the treasury to TIME holders with proportion to their holdings.
    7. Daniel knew that the he and his team would win the proposal because they had a lot of voting power with their alt wallets.
    8. Things don't turn out his way and he loses the proposal so today he comes with another proposal that the ones who want out of this project can go with their money.
    9. Inevitably Daniel and his team are gonna win this proposal or any other proposal coming after this and they will cash out their millions of dollars while everybody else would be getting screwed.
    10. At the end no one would be after Daniel, because he was "innocent" and the project failed due to bad luck. After a few months he will start another scam project and use similar tactics to loot people's money all while maintaining his goodwill.

    GG Daniel & Sifu, you played everyone

    (sorry for bad english)

    Edit: For people saying that the insane APY was a red flag itself, it was but people were under the impression that it would not be a rugged since the founder was doxxed. What people feared was the price and APY of TIME dropping (just like Olympus). If the calculator showed them 500x return in one year, people would take the worst case scenario like "even if I don't get 500x, I will atleast get 5x" which is still good.

    submitted by /u/rayjaywolf
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    Can we stop with all these 'no one knows shit about fuck' comments already? You personally may not know anything but this community has lots of good advice overall if you stop and pay attention!

    Posted: 31 Jan 2022 07:03 AM PST

    Can we stop with all these 'no one knows shit about fuck' comments already? You personally may not know anything but this community has lots of good advice overall if you stop and pay attention!

    As the title says, what started out as a bit of a meme and a good laugh on this sub has now slowly been twisted into a toxic attitude towards crypto in this community.

    No bad memes either!

    Now it's being used whenever anyone brings ANY facts, figures, numbers to the table (not counting TA because that's just astrology for stock market nerds) to justify bad investments or to belittle good investments as luck. It's pushing this crypto sub further from an investment sub and into this day / swing trading gambling hall of people that would be bared from casinos by law for losing too much money.

    ​

    There is plenty of good advice on this sub that can be invaluable to crypto investors such as:

    1. Alts fall faster than BTC and ETH in bear markets but don't necessarily rise back up again in bulls.
    2. Stock market is now related to crypto market so the macro economic factors that affect one affect the other.
    3. A huge list of dead coins to avoid, ICP looking at you!
    4. Meme coins pump once then die away.
    5. Avoid leveraging or day trading and DCA in regular periods.
    6. DCA out around ATHs or you will suffer if/when it drops.

    ​

    It's time to LEARN to EARN!

    And the list continues, every day there is interesting information on this sub if you're not blind to it. So please stop repeating this tired phrase ad nauseam if you're not at least trying to be humours!

    ​

    Edit: Cue people spamming the phrase in the comments, bring it on my body is ready!

    ​

    ​

    https://preview.redd.it/ez5d7kb4h1f81.png?width=1280&format=png&auto=webp&s=a89b16a11eec26711adf24f9562f3c7c86a12533

    submitted by /u/xavierwest888
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    Nayib Bukele: "There are more than 50 million millionaires in the world. Imagine when each one of them decides they should own at least ONE #Bitcoin But there will ever be only 21 million #Bitcoin Not enough for even half of them. A gigantic price increase is just a matter of time."

    Posted: 31 Jan 2022 12:58 AM PST

    Who is just waiting for the market to crash already?

    Posted: 30 Jan 2022 08:47 PM PST

    Don't get me wrong. If I could go back in time to November ATHs and sell everything, I definitely would. But obviously that is impossible.

    What's frustrating is how the market has dropped quite a bit to the point where it's not feasible to take profits, but the uncertainty also makes buying the dip foolish. If the market could just fully crash and get over with it, I would feel much better about buying. But currently, I think it's very possible for BTC to tank down to 20k right after I get tired of waiting and buy this dip.

    These types of highly unpredictable and abnormally volatile markets are throwing me off, and I'm waiting for some more predictability, whether it's positive or negative price action.

    submitted by /u/2COLD2HOLD88
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    "Senior IMF official warns cryptocurrencies could 'destabilise' emerging markets" - What.. destabilise them from being poor and still "emerging" during the IMFs 76 year history?

    Posted: 31 Jan 2022 05:18 AM PST

    51k btc just moved onto Binance today. Are we about to get dumped on?

    Posted: 30 Jan 2022 06:57 PM PST

    51k BTC were just moved onto Binance today. Are we about to get dumped on?

    That's a lot of fucken btc. I was hoping for a little pumpy wumpy after all the dumpy we've been handed…but, something tells me whicer moved these btc aren't using these for a leveraged longs, they're going to dump on the market. On our faces. Without asking.

    This could also be a mind game to psych out dorks who look at this shit. What's your take? Are we a out to get dumped on? It'll just be more hodl ti e if we do, but it'd be nice to get out of this goddam range we've been in for a year now!

    There's an off-chance its just some exchange maintenance , binance moving their own from cold wallet to exchange type ish, but that seems's unlikely. Every time i've seen this in the past, except for one, we ended up getting dumped on.

    Will having mentioned the dump here make it not happen by virtue of the existential law "nobody on r/cryptocurrency is ever right , about anything, under any circumstances"?

    Edit: https://www.coinglass.com/Balance About 30k of the coins ha e already moved back off exchange.

    submitted by /u/bungleback_cumberbun
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    The crypot community and the cringe is what holds us back. We need to mature as fans for the market to mature.

    Posted: 31 Jan 2022 04:42 AM PST

    The amount of cringey comments and posts regarding crypto in the community is next-level cringe.

    This isn't just limited to Reddit. Telegram, YouTube, Twitter etc are all just as bad. Imagine being intrigued by Blockchain technology and wanting to invest in a few of the chains coins you're doing your own researsch and come across any of the above mentioned.

    You're then greeted with "when moon, when lambo" comments, followed by "I spent it all on cociane and hookers" then there's the "this coin is bad my coin is great" imagine if this was regarding stocks and shares (disregard wallstreetbets this is even worse)

    Do we not think if we were more critical thinking and supportive of achievements in the industry this would grow the market, rather than having blind faith in that one coin you're invested in.

    Do you think Apple shareholders argue with Samsung shareholders over who's is "going to moon"?

    The answer is they don't. Makes us look like a bunch of teenagers chasing 2000% gains in a pyramid scheme.

    Edit: the irony of my username I know, I'm just as bad.

    submitted by /u/PampEeet
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    Is Robinhood bleeding out?

    Posted: 31 Jan 2022 09:53 AM PST

    Everybody remembers Robinhood taking away the buy button on GME, AMC, and BlackBerry. It was all over everything and you couldn't help but see it if you've ever invested a dime into anything.

    This report suggest that Robinhoods user engagement is down 8% since it's last quarter which is pretty crazy imo.

    "Like many tech start-ups, Robinhood has yet to turn a profit following its IPO. Although revenue was a positive sign, its monthly active users declined 8% from the previous quarter to 17.3 million as retail investors pulled back from the market."

    https://edition.cnn.com/2022/01/27/business/robinhood-earnings/index.html[CNN Business article on Robinhood Net Loss](https://edition.cnn.com/2022/01/27/business/robinhood-earnings/index.html)

    Crypto currency makes up 41% of Robinhoods income. This means that more than 4$ of every 10$ spent on Robinhood goes to crypto currency.

    So that brings me here..

    Morale for Robinhood is at an all time low. If you ever see anyone post about it or mention it it's 9 times out of 10 them telling you to get the fuck out of there.

    What happens to your assets if this company just completely tanks? Are you protected in anyway?

    Also, do you guys think that coinbase is starting to follow down this same road? I see a lot of people that share the same sentiment about them as they do with Robinhood.

    TLDR: I've shared some sources suggesting robinhood has been stabbed in the kidney and slowly bleeding out. What protections are in place if the collapses on herself and is coinbase following down this same road?

    submitted by /u/PizzaClause
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    Ukraine is going all-in on becoming the world’s premier crypto superpower

    Posted: 31 Jan 2022 06:08 AM PST

    Ethereum Fees Drop 53% in 20 Days — Polygon Hermez, Loopring Offer Lowest L2 Fees

    Posted: 30 Jan 2022 02:31 PM PST

    Flash Crash Warning!

    Posted: 30 Jan 2022 03:23 PM PST

    Flash Crash Warning!

    TLDR:

    F.U.D. Courtesy of The Fed

    A LOT has changed since NOV ATHs....

    We sit on the edge of a Bear Market in many assets, and have a new 8000lb Gorilla in the room, (a hawkish FED that um, day trades).

    Meanwhile, crypto has recently correlated with the VIX (-94% on Friday), so now the SPX and Crypto are joined at the hip:

    ATHs in VIX Correlation

    What's interesting here is how much the order book has dried up. The book is running very thin (that trend is ongoing), which means that prices can bounce a lot more then would otherwise be the case. It also means that prices will likely come under even more pressure (high volatility does not support price increases in the average asset), in the short term.

    Additionally, this set up may create some extra wild price swings that may whack the over leveraged margin & futures traders. How that will affect Exchange Operability remains to be seen-but let's just say it won't help them stay more stable. ;)

    Here are some charts that help illustrate the problem, they look like Rorschach (ink blot) Tests:

    S&P Book Depth Is Shrinking...see that flash crash point in DEC Week 1?

    Nasdaq Book Depth Is Shrinking...

    Bid/Ask Spread is HUGE here.....

    These are indications that volatility is likely to remain significantly elevated in the days ahead-atop a level that is already very high. This also suggests that the price declines we have seen in the cryptoverse correction are not over. What's more, January is usually one of the most chill months for volatility-so the fact that we are already running high in a normally chill month-is note worthy here:

    January is supposed to be chill bro'......but ain't!

    Here is a chart of Volatility, and Volatility of Volatility, overlaid:

    The VIX is Now Trending Up, Up, Up and away......

    At present, volatility is retreating off its highs, but the trend is clear-and that trend is UP.

    Volatility is now bullish trend, where for all of 2021 it was not. That is a huge sea change. As long as the correlation to the VIX remains as titanium strong as it is at present, this suggests that prices will remain under pressure for quite some time. (No Virginia, Coin #1 will not be hitting $100k any time soon-as in this year dear.)

    Meanwhile the book is thinning to where it was at the December Flash crash.....ruh roh!

    I am not a chicken little, and I am not given to fear. That said, the set up here is ripe for whaler whack-a-mole, Skynet's favorite game of chance.

    The takeaway?:

    Traders: be on the margin watch!

    HODLr's: buckle up for more roller coa$ter action.....

    Good Luck!

    submitted by /u/MsVxxen
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    According to media reports, Bitcoin has died more than 400 times since its inception.

    Posted: 31 Jan 2022 10:25 AM PST

    We all got used to these news:

    December 15, 2010 – Why Bitcoin can't be a currency

    January 24, 2022 – Bitcoin is just a crappy tech stock

    ​

    According to the media, after every price drop "Bitcoin is dead?"

    And experienced investors, holders got used to it. It happened many times before.

    It is simple, articles like this are pure clickbaits.

    They want you to read those stuff, they want you to click on it and they want you to think they are smarter then you and then give you some facts why Bitcoin is dead - meaning all crypto is dead because we know that market is driven for now by Bitcoin ups and downs.

    Bitcoin is still valuable twice as much as it was just a couple years ago. For people who are in crypto market for a long time, these kinds of ups and downs are nothing new.

    For example, do you really think that people who mine Bitcoin will sell it at loss considering their electricity bills that they have to pay doing so?

    Do you think that 10th ranked asset by market cap will dissapear just like that?

    Do you think that this kind of technology will just vanish?

    I know you don't.

    ​

    Do you know what it means that Bitcoin is dead? It means that the price will be 0 and there will be no trading volume.

    I saw a lot of people are getting frustrated by these news. Just ignore them. Let them write as much as they want.

    In case you did not know, Bitcoin died more then 400 times so far (actually I believe that the number is much, much higher).

    Here is the data I found on one website.

    F them and their news. All they want is sensationalism. That is it. Good luck investing.

    submitted by /u/UnexperiencedIT
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    Morgan Stanley Calls Bitcoin's 50% Retracement Normal, Tells Crypto Investors To Be Patient

    Posted: 31 Jan 2022 05:52 AM PST
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