• Breaking News

    Thursday, February 24, 2022

    Cryptocurrency Hello r/cryptocurrency, we're OEC, an EVM full-compatible public chain backed by OKX(a.k.a OKEx) to land large-scale digital assets and dApps. Ask us anything about OEC.

    Cryptocurrency Hello r/cryptocurrency, we're OEC, an EVM full-compatible public chain backed by OKX(a.k.a OKEx) to land large-scale digital assets and dApps. Ask us anything about OEC.


    Hello r/cryptocurrency, we're OEC, an EVM full-compatible public chain backed by OKX(a.k.a OKEx) to land large-scale digital assets and dApps. Ask us anything about OEC.

    Posted: 24 Feb 2022 03:45 AM PST

    Hello r/cryptocurrency, we're OEC, an EVM full-compatible public chain backed by OKX(a.k.a OKEx) to land large-scale digital assets and dApps. Ask us anything about OEC.

    We're very excited to have our first AMA in the r/cryptocurrency community here on Reddit. And for those who never heard about us, OEC is a public permissionless blockchain that no one fully controls. Anyone can create projects and use applications from anywhere in the world. OEC fully opened to all developers on July 28th, 2021, so we're a pretty young public chain, but since the start, OEC has been developing a revolution in the Metaverse, NFTs and DeFi!

    https://preview.redd.it/7c36h4g1qrj81.png?width=1600&format=png&auto=webp&s=f7ada286c4a8b9b710b6afa433477a730696ee00

    The AMA will begin at 8 pm(EST) on February 24th, 2022, but the thread will now open for questions.

    Joining us for this AMA will be:

    You can ask us anything!

    In addition to the AMA, we'll airdrop $OKT to the best 20 questions!

    All you have to do is:

    • Ask your questions in this AMA thread & wait for them to be answered. After the AMA session, we will announce the best 20 from all answered questions.
    • Best 20 will be required to install MetaX wallet and provide an OEC address.
    • Reward distribution: rewards will be issued to your OEC address within 15 working days after the AMA ends.

    MetaX browser extension is currently available to download in both Chrome and Firefox.

    How to find us:

    Reddit: r/OECNetwork

    Twitter: u/OECnetwork

    Telegram & Discord

    submitted by /u/LessTwo6836
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    Vitalik Buterin: Putin’s Military Operation Is a Crime Against the Ukrainian and Russian People

    Posted: 24 Feb 2022 05:15 AM PST

    Russia invaded Ukraine and the markets were quick to react: ETH broke below $2,500 and fell 10% overnight

    Posted: 24 Feb 2022 04:46 AM PST

    Russia invaded Ukraine and the markets were quick to react: ETH broke below $2,500 and fell 10% overnight

    As you can see, the situation with cryptocurrencies changes from hour to hour during this crisis, which is extremely difficult and unfavorable. ETH falls 10% as a result of a larger market decline. This post on CryptoPotato caught my attention because I've been investing in ETH for a few years.

    The article said: "ETH broke the support at $2,500. This opens the way for a potential drop towards $2,200, which is the first serious level to halt any further declines. The previous support at $2,500 has turned into resistance, and the market outlook is grim. The US stock market is due to open later today and may pull ETH lower still."

    We're all already dealing with high gas prices and delayed transactions, and we're all looking for answers through various platforms, whether it's Loopring, Metis, or something else, and now we're facing such a drop that it's truly a bad scenario. Do you have any concerns about it?

    Another news is that Russian-born Ethereum co-founder Vitalik Buterin blasts Putin for Ukraine invasion as crypto nosedive said: "Ethereum is neutral, but I am not."
    I believe that ETH is neutral but it is inevitable that this whole situation will affect its current value, as it has an impact on the entire crypto market.

    ETH chart for 24th Feb

    submitted by /u/Queasy-Tour7362
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    “Markets will recover. People will stay dead forever." - Warren Buffett

    Posted: 24 Feb 2022 06:29 AM PST

    Good morning r/CryptoCurrency,

    Crypto does not matter right now. We know that eventually, the market will bounce back like it always does. People are losing their lives, and that is the bigger issue at hand. My thoughts and prayers go out to all the people affected by this conflict.

    All of these discussions happening in the heart of the crypto community seem to go directly against all the talking points people spit out, like rhetoric. It seems like posturing as a good person is just a means to get people invested.

    I wish I had more confidence in my investments. I invested in a community and an ethos, and I'm really sad to see those values not being upheld. The community is focusing on their investments and not how to use the tool of crypto to solve the problems in the world.

    https://preview.redd.it/nb6lfsv76tj81.jpg?width=1000&format=pjpg&auto=webp&s=a95cd75e0c51faacaa4efadcf20f060304276afb

    submitted by /u/IIIIIIIIIIIIIIlIIl
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    Don't lump sum into this dip. This is probably not the bottom and you'll just be catching a falling knife, DCA in!

    Posted: 24 Feb 2022 02:40 AM PST

    Every time I see a recommendation on this subreddit to 'buy the dip', I remind people that we don't know if this is the bottom, and that you should be patient - don't invest all your money at once, do it gradually. I've gained quite a few downvotes for commenting this, but I think it is solid advice.

    Now, another dip has presented itself to us. The same advice holds true, we don't know if the invasion will get worse, and so don't invest all your money at once.

    Here are some of the previous dips:

    In November, BTC dipped from $65k to $57k, a 12% dip. If you had lump summed in then, you'd be down 39% today.

    In December, BTC dipped from $57k to $49k, a 14% dip. If you had lump summed in then, you'd be down 29% today.

    In January, BTC dipped from $47k to $41k, a 13% dip. If you had lump summed in then, you'd be down 15% today.

    Now, I am not saying that you shouldn't buy the dip, but do it gradually. Every dip seems like the bottom, but it most likely isn't, especially with this geopolitical turmoil. Do not spend all your money on this dip, keep a good chunk of money to invest if the market falls further.

    Lump summing now could be catching a falling knife - don't get hurt.

    submitted by /u/Laughingboy14
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    'Fuck War': Crypto Community Reacts to Russia's Invasion of Ukraine

    Posted: 24 Feb 2022 04:33 AM PST

    We are in a priviledged position to discuss how the war affects crypto

    Posted: 24 Feb 2022 06:02 AM PST

    We have the great privilege of discussing the impact of the Russian-Ukrainian war on cryptocurrencies.

    And why? Because if we have time to think about cryptocurrencies or something like that, then you are in a safe position and you don't have to fear for your life.

    There are many people fleeing a war at the moment.

    My thoughts and heart go out to the civilians affected and those who are currently losing their livelihoods and livelihoods. Families are being separated or wiped out. There will be a tremendous amount of tragedy and suffering.

    submitted by /u/Klaasiker
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    ‘Ethereum is neutral, but I am not: ’Ethereum's Vitalik Buterin blasts Putin for Ukraine invasion as crypto sinks

    Posted: 24 Feb 2022 07:25 AM PST

    People telling you to not buy the dip right now may be wrong too. It is always time to buy when the market dips, you just have to do it in a smart way.

    Posted: 24 Feb 2022 04:54 AM PST

    Right now the narrative set by the front page is "Don't buy the dip, you may be catching a falling knife".

    Yeah, we are not going to wait when we have a chance to get our averages down. Yes we are not dumb, we are not going to throw everything at the market BUT we are going to buy and we may keep a bit to buy later if there is another dip.

    Right now some of us never bought at these prices, this is an unexpected occasion to get some large bags. Your sentiment may be that the market may continue to fall but you may see institutional investors deciding to get in the market because it looks undervalued. You never know what will happen.

    Decide for yourself but please do not miss an opportunity to get your averages down because you heard the doom and gloom spreaders. Don't be burnt waiting for BTC = 20K USD, it may never happen.

    TLDR, I'm going to buy the fuck out of this dip and you should too !

    submitted by /u/Nostalg33k
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    This is why Crypto is superior. 'The Dollars Have Run Out': Russians Crowd ATMs As Sanctions Take Effect

    Posted: 24 Feb 2022 05:28 AM PST

    Will we see a mega dump (ie. coins down 90%+ from ATH) before the next Bitcoin halving?

    Posted: 24 Feb 2022 04:04 AM PST

    I first got into crypto in late 2017 (a couple of months before the top) and when the market started dumping, I walked away. I thought that crypto was just a bubble and lost interest. Fast forward to early 2021 and I returned to the market, as did many others with the same story alongside some people brand new to the space.

    All of us from 2017 who missed the low low prices brought on by the 2018-early 2020 bear are not going to be fooled again and walk away this time. As for new people, it is made incredibly clear by crypto influencers, crypto twitter and places such as this subreddit what to expect post bull run, basically along the lines of the market dumping to mind boggingly low prices where life changing money can be made. Due to the cyclical nature of the market being more common knowledge than before, the prices of coins dumping does not deter as many people as it used to since people want to stick around for the potential gains possible from investing during the bear. Additionally, cryptocurrency is more mainstream/widely adopted than ever before, resulting in more people in the space than bull runs prior. Due to this, could this mean that there are too many people still invested (whether it be financially or mentally on the sidelines) to allow for the price of coins to drop by as low a percentage from there ATH as they have done in prior bear markets?

    Tl:dr are there too many of us still in the space for the market to have a mega dump since people are more likely drawn in by that idea rather than being deterred by it

    submitted by /u/GeorgeTrollson
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    Should I invest in Metaverse Advertisement? Showing Huge Potential

    Posted: 24 Feb 2022 07:00 AM PST

    Of late, I have been seeing many partnerships that aim at offering something in the Metaverse. I have been keenly following the space and when Facebook switched to Meta, I knew that's where the gold is at. We might despise Facebook for wanting to monopolize the Metaverse, but as an investor we should also look at the other side of the coin. I recently read this article on Realm partnering with Alkimi to bring ads to the Metaverse. This partnership promises to deliver the Web3 promise to offer transparency in advertisement, where we the users can choose what we want to see. This kind of freedom is what people crave and with such initiates I know great potential lies here. So I want to put my money in early.

    From your opinions do you think it's right to invest now, or should I wait for the space to grow?

    submitted by /u/cherrinetwork
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    Ethereum's Russian-born co-founder Vitalik Buterin slams Kremlin calling Ukraine invasion 'a crime

    Posted: 24 Feb 2022 06:18 AM PST

    How do you determine the difference between catching a falling knife and buying the dip?

    Posted: 24 Feb 2022 05:51 AM PST

    I guess this boils down to: do you hate losing more than you love winning, or do you love winning more than you hate losing?

    Since yesterday when Bitcoin was at $37k, I've been seeing a lot of posters talk about not catching a falling knife. Bitcoin is down 50% from its ATH just a few months ago. Many altcoins are well over 50% too.

    Like anybody, I hate the idea of catching a falling knife and watching the value of my investment drop immediately after buying. However, missing the opportunity to buy more and increase my position in an asset I want to hold is even more agonizing.

    Too many times I've waited and ended up missing out. Back in August of 2021, when BTC dropped to $29k and ETH to 1,800, for example. Sure, I bought on the way down, but not nearly half as much as I wanted to as I didn't want to catch the falling knife. Both coins rocketed back too fast for me to realize what was happening.

    So many posters saying this is a falling knife sound like they're talking out their asses.

    So how do you decide when a knife is falling or to buy the dip?

    Edit***

    Damn, kinda surprised by all the thoughtful, well-reasoned responses. Was expecting a barrage of shitposts. Russian drama got you bringing out the sensitive side. ;-)

    submitted by /u/Vaginosis-Psychosis
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    Why 100,000,000 satoshi is equal to 1 Bitcoin

    Posted: 24 Feb 2022 02:48 AM PST

    I was going down the rabbit hole of decimal places in Bitcoin and came across this interesting read…

    Quote from: Cryddit on October 12, 2014, 03:28:14 AM I remember this discussion, actually.

    Finney, Satoshi, and I discussed how divisible a Bitcoin ought to be. Satoshi had already more or less decided on a 50-coin per block payout with halving every so often to add up to a 21M coin supply. Finney made the point that people should never need any currency division smaller than a US penny, and then somebody (I forget who) consulted some oracle somewhere like maybe Wikipedia and figured out what the entire world's M1 money supply at that time was.

    We debated for a while about which measure of money Bitcoin most closely approximated; but M2, M3, and so on are all for debt-based currencies, so I agreed with Finney that M1 was probably the best measure.

    21Million, times 108 subdivisions, meant that even if the whole word's money supply were replaced by the 21 million bitcoins the smallest unit (we weren't calling them Satoshis yet) would still be worth a bit less than a penny, so no matter what happened -- even if the entire economy of planet earth were measured in Bitcoin -- it would never inconvenience people by being too large a unit for convenience.

    submitted by /u/justusfw40
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    Mexico Set to Introduce Bitcoin Legal Tender Bill This Year

    Posted: 24 Feb 2022 05:26 AM PST

    Until I had some money invested, I thought the world was always a peaceful place

    Posted: 24 Feb 2022 08:18 AM PST

    Since I started investing in cryptocurrencies, I kinda learned that there is some shit always going on in the world.

    I'm 20 and mining Ethereum was my first ever investment(borrowed from parents). Until then I thought the world is a peaceful place but recently I learnt there is some shit always going on in the world that you'd only notice if you're invested in some money market.

    Until last week there were protests in Canada even before that situation cooled down, another bigger, worse situation of a damn war has arised talking about the world in general. And inside Crypto there is literally so much turbulence. Can't probably do much, just gotta HODL and get through this and hope there's peace

    Without being in crypto I wouldn't know that the war affects the situations so much nor would I ever know about Evergrande

    submitted by /u/sankirth_pabba
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    Bitcoin Balance Sheet Opportunities With VBB

    Posted: 24 Feb 2022 06:59 AM PST

    Free college level MIT course on the subject of cryptocurrency and economics

    Posted: 23 Feb 2022 11:23 PM PST

    There is a free semester on college level available about blockchain technology, cryptocurrency and economics in general. You can search for "blockchain and money MIT" and follow this course for free, which I can highly recommend. I thought I knew something about the subject we are all in together, but still got across a bunch of new points to discover. It takes some time to get through it all. Some keypoints for what you are going to find:

    • 20+ video lectures, 1+ hour each
    • Delving into blockchain technology, cryptocurrency and economics in general
    • Taught by Gary Gensler, former investment banker and government official and teaching at MIT Sloan School of Management
    • Transcript and lecture slides available
    submitted by /u/sharpgreen
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    “Harshest Sanctions Ever,” EU to Freeze Russian Assets and Stop Russian Bank Access to EU Markets

    Posted: 24 Feb 2022 05:15 AM PST

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