Cryptocurrency Daily Discussion - January 26, 2022 (GMT+0) |
- Daily Discussion - January 26, 2022 (GMT+0)
- McDonald's Responds To Elon Musk: We Will Accept Dogecoin If Tesla Accepts GrimaceCoin
- The government says crypto has no value but they’re still taxing us…
- Elon Musk says he'll 'eat a Happy Meal on TV' if McDonald's accepts Dogecoin payments
- It's so unbeliveably refreshing to see Elons tweets have almost 0 affect on the price of something. The influencer effect is dying.
- Sundaeswap Just Stole Millions Of Dollars From Investors
- Time Wonderland, an ohm fork that promised 80,000%+ APY returns, has fallen 95% in value from 10,000+ to 500 and is collapsing as I type this.
- Jon Stewart interviews the United States Treasury Secretary Janet Yellen and exposes the reason why we need cryptocurrencies. Cryptocurrencies in their best forms, enable decentralized protocols that give everyone equal access to the financial system, regardless of wealth, status, or privilege.
- Polygon (MATIC) to invest $100 million, with YouTube's Head of Gaming set to join POLYGON Studios as CEO.
- Facebook’s cryptocurrency project Diem is likely coming to an end...hahaha
- Step-by-step guide on how to read whitepapers
- I'm about to inherit $200k - Looking for advice on how to create a passive income stream (Stablecoin yields?)
- They say if Jerome Powell does not see his shadow tomorrow then crypto prices will rise.
- The IMF's behavior towards El Salvador only further justifies the very existence and absolute necessity of Bitcoin for the world
- If you don't use these, the Googles of the world will continue to win.
- Every single person laughing at NFTs today will be using them in 10 years
- $1k invested into the Top 10 Cryptos on January 1st, 2020 Up +795% (TWO YEAR REPORT)
- Google Launches Blockchain Division
- The International Money Fund is bullying El Salvador to drop BTC as legal tender. They're scared of what's coming!
- My mistakes in cryptocurrencies in the last year
- JPMorgan declares ‘crypto is here to stay’, then closes Uniswap founder’s account
- Yes we are still early, just ask your co-workers!
- The President of El Salvador, Nayib Bukele, Responds to the IMF via meme. A New IMF Report Urged Bukele to Drop BTC as Legal Tender.
- Tried DYOR by reading a Whitepaper. Honestly I had no idea what i was looking at.
- Bitcoin Halving Analysis Report
- OUCH: Dude liquidated for $100K large
| Daily Discussion - January 26, 2022 (GMT+0) Posted: 25 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.
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| McDonald's Responds To Elon Musk: We Will Accept Dogecoin If Tesla Accepts GrimaceCoin Posted: 25 Jan 2022 07:50 PM PST
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| The government says crypto has no value but they’re still taxing us… Posted: 25 Jan 2022 10:29 PM PST When you consider what politicians, the SEC, and bankers have to say about crypto, it should be evident that according to them, they have no value and are regarded as a worthless and a useless asset… but they're still taxing us on crypto. When it comes to value, they probably didn't understand the ecosystem and use cases of (not shitcoins) crypto. For someone like me, I did a lot of trading and utilized a lot of different exchanges and wallets (which of course wasn't a good idea). I also use a coin tracker and records to keep track of my gains and losses. I started with Koinly, but because I didn't want to pay for the tax reports, I switched to Crypto.com and their tax tool. I experienced the same problem with both of them. I then discovered that CryptoTaxCalculator was a lot more accurate at recognizing transactions than Koinly. But seriously though, this just makes government bankers and politicians hypocrites if they make people pay taxes on crypto if they consider it a useless asset and that they'll receive a part of their paycheck from taxes collected from crypto. To have intrinsic value, something does not have to be a "physical asset" like gold or have "official" government support or acknowledgment. From a philosophical and practical standpoint, the whole argument that it has no intrinsic worth is a ridiculous slippery slope. [link] [comments] | ||
| Elon Musk says he'll 'eat a Happy Meal on TV' if McDonald's accepts Dogecoin payments Posted: 25 Jan 2022 09:04 AM PST
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| Posted: 25 Jan 2022 03:02 PM PST DOGE was a whopping .14 cents when I woke up at 6 a.m. at 7:30 A.M the price jumped 12% and within 5 minutes was back down to .14 cents and now sits at a 3% total gain for the day... It's so nice that the clear pumping from influencers is dying down. Regardless of how you feel about DOGE any crypto banking on a billionaire just trying to fill their own bags is terrible and will most likely leave you burned. If you're curious someone actually wrote a code and tabled all of Elons tweets in correlation with the price. https://www.r-bloggers.com/2021/07/the-elon-musk-tweet-effect-on-dogecoin-doge/ his affect is definitely dying out. [link] [comments] | ||
| Sundaeswap Just Stole Millions Of Dollars From Investors Posted: 25 Jan 2022 04:16 PM PST
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| Posted: 25 Jan 2022 05:15 PM PST Daniele's wonderland project is in full blown collapse, falling 50% today after already plummeting over 90% from its highs. Color me shocked that a project that promised 80,000% apr turned out to be a complete rugpull. The cherry on top is that after falling so much, the creator, Daniele, decided to airdrop huge quantities of this token to a bunch of FTM holders as part of his ve(3,3) promotion, whomst immediately sold and is part of the reason of this current freefall. @danielesesta has gone private on twitter and word is he backdoor sold all his holdings in the last few days by putting his shares into Abra, borrowed MIM against it, transferring it to eth, swapping it for USDT, and exiting via bitfinex. Complete rug LOL [link] [comments] | ||
| Posted: 25 Jan 2022 09:06 PM PST link: https://www.youtube.com/watch?v=3r76KkcJaTE It's disgusting how she basically admits that Corporate money and influence dictate everything. Walmart, Amazon, and other large corporations fund social welfare programs that their workers use in order to deprive them of a living wage and healthcare. Cryptocurrency allows us to break free of this financial bondage and turns the whole system on it's head. Truly decentralized cryptocurrency has the potential to revolutionize everything. It can allow for everyone's vote to matter and have input on the changes society needs. It can allow for efficient and transparent tax allocation so anyone and everyone can audit and keep the system accountable to the people. Trustless and public block chains are the only way I see to get dark corporate money out of politics. Crypto isn't just some novel niche tech, it has the potential to be the catalyst for economic and political revolution. If we can successfully integrate a truly decentralized financial protocol, it changes the dynamics of rich nations to poor nations, rich people to poor people. I really hope humanity can use cryptocurrency to better society and eliminate the asymmetry's of power that Corporations, and people like Janet Yellen abuse. [link] [comments] | ||
| Posted: 25 Jan 2022 02:57 PM PST Ryan Wyatt, YouTube's Head of Gaming for seven years, is leaving next month to become CEO of Polygon Studios, the gaming and NFT arm of Polygon (MATIC). He was the man behind brining big name Twitch streamers over to YouTube and cited his passion for blockchain and Web3 development as the driving force behind the move. Polygon (MATIC) plan to commit $100 million in projects to develop decentralised gaming, attracting more traffic to its NFT tokens ecosystem and to establish POLYGON as a competent blockchain for Web3 transactions. Is anyone else super bullish on MATIC right now? [link] [comments] | ||
| Facebook’s cryptocurrency project Diem is likely coming to an end...hahaha Posted: 25 Jan 2022 09:00 PM PST
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| Step-by-step guide on how to read whitepapers Posted: 25 Jan 2022 09:48 PM PST
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| Posted: 25 Jan 2022 01:42 PM PST Long story short, I'm about to receive a $200k inheritance. I tried stocks for around 4 years and it never really felt something native to my generation (Gen Z). Overall I believe in crypto more, but I recognize the risks involved with it as I've been dabbling in them since 2017. I've been looking into stablecoins and generating passive yields with these, but I want to find something which has some form of insurance or low risk of the money suddenly disappearing due to a hack or similar. Basically, I want to be sure that my inheritance money won't disappear within the next 3-5 years minimum, and ideally, I want to be able to take out a portion of the yield to live off of. I do own a hardware wallet so I would be ok with storing the funds there. I found a stablecoin called OUSD, which seems to cover my needs together with an added 3rd party insurance, but the protocol does not seem to be that known and has USDT exposure, which is why I am a little bit hesitant as of right now. I'm happy to hear if anyone has positive experience with it though. I am also happy to hear if anyone has other recommendations on what you would do with $200k to create a yield to live off of. I am based in Europe (in case there are any CEX recommendations that only have US-specific insurances). Edit: People are telling me to be careful with DMs, funnily enough it did indeed blow up but I've been in the game long enough to know not to click anything, thanks everyone! [link] [comments] | ||
| They say if Jerome Powell does not see his shadow tomorrow then crypto prices will rise. Posted: 25 Jan 2022 07:48 PM PST Inflation deflation is the name of the game. Biden isn't going to do it, so time to call in Tom Brady for a signature deflate. I don't believe things are going to be as ugly as anticipated tomorrow with the febs concluding their little circle jerk. Spring is going to be big. We just need to get this first rate hike soaked in some "covid numbers down," return of seasonal workers to bring up employment numbers a touch and give Putin some marijuana so he can chill the F out and maybe go horse back riding again. Idk but I'm optimistic. [link] [comments] | ||
| Posted: 26 Jan 2022 02:49 AM PST El Salvador is a sovereign country that has the full right to choose how it wants to act to build a better future for its people. Nayib Bukele chose Bitcoin to try to change the future of his country. Under the current system, El Salvador was condemned to survive by begging for aid from the IMF or the World Bank. Nayib Bukele understood the why of Bitcoin and decided to seize this opportunity to change the future of El Salvador and its people. The people of El Salvador overwhelmingly support Nayib Bukele in what he is trying to do for the country. El Salvador's bold choice has already changed the way the country is seen around the world. Everyone is talking about El Salvador and more and more entrepreneurs will be coming to El Salvador to participate in this experiment of building the first Bitcoin Nation. Who knew where El Salvador was before Nayib Bukele made this choice? Very few people. No one was talking about El Salvador. Bitcoin is already a game-changer for El Salvador and this is clearly just the beginning. While the IMF or the World Bank scoffed at Bitcoin a few years ago, now these institutions are getting scared by the growing possibility that the Bitcoin experiment will succeed in El Salvador and motivate other countries to follow Nayib Bukele's path. Tonga is talking about adopting Bitcoin by the end of 2022, as are other countries in South and Central America. In short, something is happening and the IMF feels the danger mounting for its obsolete system. Rather than letting the people determine for themselves, the IMF is threatening El Salvador saying the country must abandon Bitcoin. The IMF's threats only justify, in my opinion, the very existence of Bitcoin and the absolute necessity for the world to have this alternative system available. Since El Salvador will logically refuse to obey the IMF, what's next? Will America eventually orchestrate a coup in El Salvador to overthrow the government and end the Bitcoin experiment? How far are the powerful people in the current system willing to go to prevent countries from expressing their free will in monetary and financial matters? El Salvador must continue to resist outside pressure, and other countries that will join the Bitcoin adventure in 2022 must do the same. The world is changing, and the first countries to adopt Bitcoin will be the ones to benefit the most in the future. [link] [comments] | ||
| If you don't use these, the Googles of the world will continue to win. Posted: 25 Jan 2022 06:25 PM PST I'd been in the process of switching to using as many crypto/blockchain/privacy type of businesses I can instead of using the typical giants that sell your data. Below are some of the things I've been using and I'll edit to add anything else you guys are using to make the list more complete for future readers. Internet Browser: Brave. Better privacy, a built in ad blocker, and earn a small amount of BAT. Search Engine: Presearch. It's decentralized and you earn PRE. VPN: Deeper. Decentralized and you earn DPR. Email: Proton Mail. End to end encryption for your email. Edit: Altermail has been suggested as a better email service. Decentralized and encrypted. [link] [comments] | ||
| Every single person laughing at NFTs today will be using them in 10 years Posted: 25 Jan 2022 06:37 AM PST NFTs are probably the most hated thing on the internet right now. I can understand why : stupid apes jpegs and the "crypto-bro" subculture is kinda annoying. But here is what a lot of people need to understand : NFTs are much, much more than jpegs. It's a piece of technology that has the potential to revolutionize a lot of things in our daily digital lives. Let me illustrate my point. Last week, there was an ETH hackaton organized by ETHglobal. In two days, participants created 255 different projects related to NFTs. Here's some very interesting projects that have nothing to do with "stupid jpegs" :
I think I've made my point : we are in the very early stages of a groundbreaking technology going mainstream. In ten years, those of us who choose to invest in this sector will be called "lucky" by the very same people that are laughing at NFTs right now. Keep your mind open. Don't believe the lies ignorant people are telling you. DYOR, and you will see a lot of opportunities. NFTs will be everywhere in our digital lives in less than a decade. (I'd like to give credit to Twitter user CroissantETH for opening my eyes about this subject. The projects listed above are from one of his thread.) (I swear to god, the first person to reply "bUt I cAn RiGhT-cLiCk AnD sAvE tHe JpEgS!!1!!" is getting replied to with a very mean GIF. You've been warned.) [link] [comments] | ||
| $1k invested into the Top 10 Cryptos on January 1st, 2020 Up +795% (TWO YEAR REPORT) Posted: 25 Jan 2022 02:44 AM PST
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| Google Launches Blockchain Division Posted: 25 Jan 2022 08:12 AM PST
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| Posted: 25 Jan 2022 04:05 PM PST The news just dropped : the International Monetary Fund (IMF), just "urged" El Salvadorian authorities to fully drop Bitcoin as legal tender. As written in this article, the higher-ups at the IMF told the small country that "there are large risks associated with the use of bitcoin on financial stability, financial integrity, and consumer protection, as well as the associated fiscal contingent liabilities". The IMF is now witholding a $1.3 billion USD loan to exert pressure on the country. First, I find this stance pretty rich coming from an institution notorious for hurting countries it claims to help. But I also think the IMF is starting to realize that Bitcoin indeed have the potential to benefit the unbanked population of the world, and it's something they don't like. Just think about it. About 70% of El Salvadorians don't even have access to a bank account. For them, Bitcoin is pretty much the only way to send and receive payment. Now, what has the IMF done for those people? Nothing. And the rise of cryptocurrencies is threatening their iron grip on finance, so they bully countries that are trying to help their population. People everywhere in the world will soon realize that the economic game is rigged against them. Bitcoin, and cryptocurrencies in general, solves part of this problem. The IMF hates that, because it serves the elite, and that explain the news today. I think in the long run, this effort will backfire. What do you think? [link] [comments] | ||
| My mistakes in cryptocurrencies in the last year Posted: 26 Jan 2022 01:33 AM PST 1. I never took a profit, not even this year I think it is called greed. Completely stupid, ignorant and frivolous. I understand that many here say that HODL is the way it is and I did it all the time but it is a mistake. I should have taken the profit, without greed, when my coin jumped by some 50%. - The result: I'm at a loss with one coin because I was holding it all the time, and now almost it went down almost 6 times less valuable than its ATH. Missed profit on another coin before the crash, the portfolio fell by some 60% at the time of the crash. 2. Not having an exit strategy I literally don't have an exit strategy. I did not put sell order, buy order... I should have come out with considering percentage of gain or loss, but I didn't.
This one is also not really logical. DCA for me is the best solution, but I only had to keep like a little bit of money in case of a bigger dip - crash. Now when it went down, I am out of money, waiting for my salary. 4. Not risking a couple of hundred $ with new projects My opinion is that you can make money with top100 cryptocurrencies, but you can make big money only if you already have a lot of money to invest in them. It is the safest way. But I needed to invest $ 50- $ 100 in some new projects that have the potential to jump. And no, I'm not talking about shitcoins, I'm talking about projects with serious teams behind them. In case that coin jumps, I would have nice ammount of money, in case it fails, I could continue to live without a shred of regret. [link] [comments] | ||
| JPMorgan declares ‘crypto is here to stay’, then closes Uniswap founder’s account Posted: 25 Jan 2022 02:12 AM PST
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| Yes we are still early, just ask your co-workers! Posted: 26 Jan 2022 01:48 AM PST I am known at work as that "crypto guy" at work. I'm told routinely on my lunch break that bitcoin is only used by terrorists and criminals. That I am stupid for investing in magic internet money. That I am always told "good for you" when I desperately try to explain in basic terms what a blockchain is. That I should be smarter with my money and invest in stocks and put my money in the bank as it will yield safer returns. That bitcoin is just a glorified pyrimad scheme. That the government will just ban it cause it threatens the banking system. Remember when it was uncool and weird to play video games back in the day? Well that's exactly how I feel at work being that crypto guy. Yes ladies and gentlemen, we truly are early. I'm proud to be that crypto guy even though I feel like the work clown. [link] [comments] | ||
| Posted: 25 Jan 2022 07:40 PM PST Crypto bro CEO and president of El Salvador, Nayib Bukele has replied to IMF's calls for El Salvador to remove Bitcoin as legal tender. https://nitter.net/nayibbukele/status/1486162932224479235 The IMF report mentioned some concerns over "the risks associated with issuing bitcoin-backed bonds", referring to the president's plan to raise $1 billion via a Bitcoin Bond. The report also highlighted the added risk posed to the consumers as a result of the price volatility of BTC. Ironically, Bukele has been trying to secure a $1.3 Billion loan from IMF since early 2021. However, that deal is most likely off the table now. Is Bukele taking too many liberties with the safety of his citizens and this brash response to the IMF? Either way, he is standing behind his decision to go forward with BTC as legal tender. [link] [comments] | ||
| Tried DYOR by reading a Whitepaper. Honestly I had no idea what i was looking at. Posted: 25 Jan 2022 11:21 AM PST DYOR and whitepapers are self-exclusive for me. I tried to read the whitepaper of a promising top 50 project and barely was able to go through half a page. Everyone saying DYOR but how do you do it if you are a newbie looking at the most important document of a Crypto Project, the Whitepaper. Here is a very short example which:
I honestly have no idea what happens here. Is it me or all you guys go through this and understand everything? [link] [comments] | ||
| Bitcoin Halving Analysis Report Posted: 26 Jan 2022 02:26 AM PST Hey Everyone, I know there is a fall in the market however it is really important for all of you to understand that it's a part of the process. Here is my analysis for Bitcoin Halving. Halving 1:
Halving 2:
Halving 3:
Chart of the Bitcoin Halving AnalysisConclusion: It's a part of the process. You need to make sure your entry and exits are properly analyzed. For example, in Halving 2 and 3, the downfall started after 487 days and it continued for almost 396-426 days. Prediction: Bitcoin will reach the $19k support level this year and that will be the best buying possible for coming years. Good Luck Everyone! [link] [comments] | ||
| OUCH: Dude liquidated for $100K large Posted: 25 Jan 2022 05:45 PM PST |
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