Cryptocurrency News & Discussion

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The original was posted on /r/cryptocurrency by /u/AcademicMistake on 2024-01-12 12:27:00+00:00.

Couldnt find a question flair so put as discussion, hope its allowed.

Just wondering if anyone has issues with correct balances on Atomic wallet. My LTC balance is showing i have LTC but on the transaction list it shows i emptied it(which i did). When checking to block explorer to confirm it, it also shows a 0 balance confirming i did in fact move the LTC...... Is there a way to fix this ? I have contacted support last week but its still showing a balance.

What is the current version of Atomic wallet ? The picture below is also showing i sent and received LTC at exactly the same time.....It's clear there is an issue somewhere but im unsure how to correct it.

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The original was posted on /r/cryptocurrency by /u/iWearSkinyTies on 2024-01-12 12:29:13+00:00.

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The original was posted on /r/cryptocurrency by /u/drjacks on 2024-01-12 11:47:21+00:00.

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The original was posted on /r/cryptocurrency by /u/AcademicMistake on 2024-01-12 12:27:00+00:00.

Couldnt find a question flair so put as discussion, hope its allowed.

Just wondering if anyone has issues with correct balances on Atomic wallet. My LTC balance is showing i have LTC but on the transaction list it shows i emptied it(which i did). When checking to block explorer to confirm it, it also shows a 0 balance confirming i did in fact move the LTC...... Is there a way to fix this ? I have contacted support last week but its still showing a balance.

What is the current version of Atomic wallet ? The picture below is also showing i sent and received LTC at exactly the same time.....It's clear there is an issue somewhere but im unsure how to correct it.

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The original was posted on /r/cryptocurrency by /u/drjacks on 2024-01-12 11:46:11+00:00.

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The original was posted on /r/cryptocurrency by /u/MinimalGravitas on 2024-01-12 09:41:07+00:00.

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The original was posted on /r/cryptocurrency by /u/MinimalGravitas on 2024-01-12 09:41:07+00:00.

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The original was posted on /r/cryptocurrency by /u/Golo_red on 2024-01-12 08:14:13+00:00.

I have been noticing for a while that it is getting calmer in the Bitcoin / cryptocurrency subreddits. I remember how in 2017 the activity was mostly in r/Bitcoin, but moved to r/CryptoCurrency for the 2020 run; I suppose since r/Bitcoin was too restrictive. Now I notice how essential topics are not or just barely receiving any attention.

What about VanGuard and others blocking customers from buying ETFs? What about moving to Fidelity? What about the trading volume of ETFs first day? What about Gary voting FOR the ETF approval while the totalitarians from the Democratic Party (Caroline A. Crenshaw and Jaime Lizárraga) voted AGAINST disregarding laws and court decisions? Little or late coverage in this subreddit.

I feel that even r/wallstreetbets has better coverage but mixed with utter garbage. Is the issue that topics are just receiving too many downvotes in r/CryptoCurrency?

Is the community using Twitter now?

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The original was posted on /r/cryptocurrency by /u/serejandmyself on 2024-01-11 19:09:55+00:00.

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The original was posted on /r/cryptocurrency by /u/sylsau on 2024-01-12 09:31:42+00:00.

It is quite shocking to see that so many people have completely misunderstood Bitcoin in recent days and hours.

Or maybe these so-called Bitcoiners are finally revealing their true colors by showing that only greed has always guided them...

With the approval of Bitcoin Spot ETFs, some even believe that the mass adoption of Bitcoin by the general public has started...

Unfortunately, this is not the case.

Even if these financial products are phenomenally successful, this will in no way mean that mass adoption has started for Bitcoin.

Bitcoin aims to free us from these intermediaries who abuse people's trust and make people pay fees that have no reason to be paid.

The mass adoption of these Bitcoin-based financial products will only be one more obstacle to the separation of Money and State.

Bitcoin aims to separate Money and the State.

Do not forget it.

Mass adoption will start when the general public understands that these financial products are just a lure used by the powerful at the head of the current system to try to distract them from the real purpose of the Bitcoin revolution.

Your interest in Bitcoin lies in taking power over the fruit of your labor and your life.

This therefore involves understanding the why of Bitcoin, understanding why you need self-custody, understanding why you need to run a node on the Bitcoin network, ...

In short, this means you need to understand that Bitcoin is much more than just another financial investment!

All of this is much more interesting than spending your day raving about the trading volumes of financial products within a flawed and unfixable system.

A debt-based system which is at the root of the majority of the ills of our society. A system that imposes constant censorship on you and which has impoverished you a little more every day for decades.

Bitcoin Spot ETFs are not a solution to any problem. Bitcoin is the solution. Bitcoin is your way out!

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The original was posted on /r/cryptocurrency by /u/bbrunrun on 2024-01-12 09:28:26+00:00.

Gary Gensler from the Security Exchange Commission said that since Ethereum (ETH) switched to Proof of Stake, for him ETH is deemed as a security.

In 2018 however, Security Exchange Commission declared ETH as a non security.

Since Ethereum Classic (ETC) is still Proof of Work and has not fundamentally changed since 2018, one could think that technically the Security Exchange Commission would approve the switch from Grayscale ETC Trust to an ETF rather easily, probably before an ETH ETF is released.

Any thoughts ?

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The original was posted on /r/cryptocurrency by /u/sgtslaughterTV on 2024-01-12 09:11:47+00:00.

Original Title: Anti-crypto people paint banks as the "good guys" but this video proves otherwise. If you take self-custody and understand taking your funds off of an exchange, spoofing and social engineering won't work.

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The original was posted on /r/cryptocurrency by /u/IanTigger on 2024-01-11 20:11:15+00:00.

Hey guys,

A question I’ve been meaning to ask is why Litecoin almost gets no recognition. Is there a catch? I’m not heavily invested into crypto, just a bit of Btc/eth, but out of all the cryptos in the world, the only one I’ve had lots of use cases for is litecoin. Their transaction speed is amazing and the fees are even better. It always make me feel like there’s a catch. How are they able to keep fees so low?? And why does no one talk about them although they are the 2nd crypto to be created with a long lasting reputation and no network outages.

The only time I’ve really sent or used btc/eth is to move to hardware wallets (rarely for payments), meanwhile Ltc has always been the preferred method if not USDT when I buy digital goods on Reddit and discord. When I sell items, I usually also resort to Ltc as my preferred method and only accept others if the buyer doesn’t have it available. This is very opinion based, but Ltc has always felt like the better bitcoin to me (for p2p transactions) - just talking out of personal experience as a seller and buyer. Yet I’ve never kept any funds in Ltc as I always felt it was too good to be true or something was off since it wasn’t getting any recognition. What do you guys think? What am I missing here?

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The original was posted on /r/cryptocurrency by /u/Bored_dane on 2024-01-12 06:18:57+00:00.

Complete newbie here. Is kraken a crypto wallet or do I need another app for that?

A bit of background as my post need to be a certain lenght;

I've invested in bitcoin and ethereum on Kraken. Idk anything about crypto, but I started by investing in bitcoin, because I wanted to use it at a website that gave discount and I wanted the transaction to be anonymous.

I figured BTC was the original crypto currency and it probably wouldn't crash. (no idea tbh) After a while BTC gained some and my portfolio grew a bit so I figured I'd try investing in ethereum as well because I saw it had generally risen over time. It too has gained a bit since then. So far, so good.

I'd like to use my crypto to buy something. Can I do that via. kraken (like at the check out on a website) or do I need another app or program that acts like a so called wallet? In that case, what app should I choose? I do it all via. mobile sorry if that's a really obvious question, I've tried a quick search and didn't exactly get the answer I was looking for.

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The original was posted on /r/cryptocurrency by /u/Perfect_Ability_1190 on 2024-01-12 04:40:36+00:00.

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The original was posted on /r/cryptocurrency by /u/noncognitive on 2024-01-12 03:55:09+00:00.

Yesterday this sub hosted a NANO giveaway. More than 8000 users responded with a nano address to receive the giveaway.

A look at the users who replied, the median account karma is in the 100s. There are 10+ year old accounts replying with less than 100 combined karma.

If you want to giveaway tokens to the same bot farms that flooded this sub for moons, or aren't even members of this sub but are bots used for other nefarious purposes on reddit, then doing a giveaway here is a great idea.

I don't think that is any communities' target audience.

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The original was posted on /r/cryptocurrency by /u/LevitatingTurtles on 2024-01-12 03:28:03+00:00.

A lot of folks here are curious why $4.5Billion of volume in the BTC ETFs didn't cause the market to skyrocket.

(1) The "spot" ETFs are required to hold the underlying BTC, but they do not buy/sell in the "spot" market. They aren't trading on Coinbase like us plebs. These ETFs are using the "Over The Counter" market. Essentially Coinbase has an OTC trading desk that matches up whale buyers and whale sellers at an agreed upon price.

• Whale sellers use OTC because if they dump 10,000 BTC on the exchanges they will get murdered by slippage.
• Whale buyers use OTC because if they buy 10,000 BTC on the exchanges they will get murdered on slippage.

(2) The ETFs are required to settle their fund activity each trading day based on the net amount of shares sold vs. shared purchased over the course of the trading days. For example, if they had 500 shares sold and 750 shares bought means they need to cover 250 shares worth of BTC. They can do this as often as they want during the day, but any time they do this its via the OTC market (see above). Again, they do this OTC so it's not gonna show up on the exchanges or the tradingview charts.

(3) The $4.5Billion is the total volume for the day... it includes both buys and sells. If you bought 200 shares of IBIT at 9:30AM and then sold that 200 shares at 10:15AM, that's 400 shares worth of volume today even though the net net for the ETF is zero at the end of the day.

(4) GBTC had $2.5Billion of volume. I strongly believe that most of this volume was sells (edit: "selling" of GBTC in this context is essentially redeeming a share of GBTC by selling it back to Grayscale). Why?

• Long term holders who are in profit and what to cash in now that the fund is trading
• Tax-advantaged funds like IRAs who have no tax penalties can easily move to lower fee funds like IBIT or FBTC
• Nobody buying the BTC via ETF is going to choose the 1.5% fee option when Blackrock is charging 0.12% (or 0.25% for whales)

(5) Just like GBTC was mostly sells (read: redemptions), I expect that IBIT, FBTC, ARKB, and others were mostly buys (read: creations). I have no doubt that there was intra-day swing trading (and maybe a lot... not sure) but there just aren't a lot of shares in those finds to sell on day 1. You would have to buy at open (or in pre-market) and then swing trade that during the day. Probably some, but it's not like there was a huge glut of IBIT sitting around (they had $10M worth of seed shares before they had $1B worth of volume today).

(6) Coinbase did $7.7Billion worth of OTC transactions today. (this appears to be an all-time record!)

• ~$2B worth of GBTC selling
• ~$2B worth of IBIT, FBTC, ARKB (and others) buying
• ~$3.7B worth other OTC transactions (other whales doing whale things)

(7) How does this help us pleb investors?

• If GBTC selling (redemptions) dies down, and if the other funds keep having inflows, there will be a net inflow of BTC into these funds as long term holders.
• This will suck up liquidity from the OTC market.
• As OTC liquidity dries up, there is less OTC for whales who want to do whale things at the current price
• Number go up.

tl;dr These ETFs are whales who are doing their whale things via the OTC market to avoid getting killed on slippage. Also, GBTC probably had a lot of outflows today because their fees are super high.

(P.S. I'm just a regular dude who's been in crypto for a while and who tries to understand macro. If I've got stuff wrong here please tell me... but to the best of my knowledge this is correct).

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The original was posted on /r/cryptocurrency by /u/TotesGnar on 2024-01-12 01:08:17+00:00.

I really want to say thanks to Vanguard and I highly recommend them. They protected me earlier today from making a stupid investment decision.

I went to try and buy the new iBit or FBTC Bitcoin Spot ETF, however they blocked it from occurring. But they did let me buy the BITO futures ETF.

I'm really glad they look out for their customers and keep up to date with major financial court cases.

I'm continuing to write more BS down here to comply with the rules so I can spread this amazing message about how awesome Vanguard is. /s

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The original was posted on /r/cryptocurrency by /u/commandrix on 2024-01-12 00:32:58+00:00.

From the release I just got:

Legion M’s compelling doc This Is Not Financial Advice premieres on Fuse TV tonight at 10pm ET and can also be found on-demand via Apple TV, Amazon Prime and Google Play.

A documentary from directors Chris Temple and Zach Ingrasci of Optimist, This Is Not Financial Advice follows Glauber “Pro” Contessoto (an immigrant working multiple jobs, living in a 220-square-foot apartment)—who gambles his life savings on a joke cryptocurrency. Two months later, he’s “The Dogecoin Millionaire”—a hero to his growing YouTube following and living proof that it’s easy to get rich online. But as Pro soon discovers, it’s even easier to lose it all

Amateur investors like Pro must navigate a landscape of scams, bad advice, and a fear of missing out. This Is Not Financial Advice exposes the risks and rewards of today’s market through expert commentary and the anxiety-inducing stories of real people trying to make millions.

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The original was posted on /r/cryptocurrency by /u/millzner on 2024-01-12 00:28:21+00:00.

I purchased $1994usdt worth of BTC using BinanceUS's Convert feature and was charged 4% more than the spot price of BTC. I was charged an exchange rate of 48,297 when the candle on the spot chart read 46,416 for a total fee of $80. This is all despite the confirmation page reading $0 for the BinanceUS fee. I contacted support but received no help. I understand that this is ultimately my fault but this is predatory and should be illegal. I will be contacting the SEC.

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The original was posted on /r/cryptocurrency by /u/TrentBobart on 2024-01-12 00:11:52+00:00.

Hello everyone.

Quick question. I am trying to find a "beginners" method of obtaining historical data on the "hourly" chart that doesn't require me knowing about complicated APIs and other esoteric stuff.

Does anyone know of a simple way to get hourly price information. Any help would be appreciated. I'm developed a mathematical method to discern certain trading patterns related to markets and I simply need a reliable data source so that I can bring this into being practical. Please reach out to me if you have any valuable recommendations and I may pay you back by sharing my charts with you once created. I've already looked into this and I'm sure I'd be able to find a way to get these data but I'm a busy doctor and I have hardly any time to do this by myself.

Thank you and happy trading!

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The original was posted on /r/cryptocurrency by /u/theloiteringlinguist on 2024-01-12 00:10:06+00:00.

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The original was posted on /r/cryptocurrency by /u/CryptoDaily- on 2024-01-12 00:00:27+00:00.

Welcome to the Daily Crypto Discussion thread. 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.
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The original was posted on /r/cryptocurrency by /u/srw on 2024-01-11 23:39:25+00:00.

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The original was posted on /r/cryptocurrency by /u/thinkB4WeSpeak on 2024-01-11 23:36:52+00:00.