Cryptocurrency News & Discussion

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The original was posted on /r/cryptocurrency by /u/Register_Consistent on 2024-01-09 11:39:30+00:00.

Hello everybody!

So I've been trading not for a long time and I've been trading mostly on Bybit.

I've come to the conclusion that everytime a new coin is being listed it jumps a lot. For thousands and thousand of percent. So I was thinking of buying these coins where they are available to buy and transfering them to binance or bybit and selling when they skyrocket.

I know I'm not the first guy that thought of this.

I don't have much experience with transfering any crypto to anywhere else. Only trading on exchanges.

Is there someone that tried this already?

I've seen that on new coin listing, crypto deposits are available before the coin is available for trading - which means that you can transfer that coin from somewhere else on this exchange, right? So, if you buy it somewhere else, transfer to Bybit etc., then you are able to sell them when they jump alot.

Does anybody have any experience with this?

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The original was posted on /r/cryptocurrency by /u/drjacks on 2024-01-09 10:57:37+00:00.

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The original was posted on /r/cryptocurrency by /u/Sirius93 on 2024-01-09 09:38:51+00:00.

Dear community

I will go on a trip for more than a year and I am not sure where I should store my cryptos in the meantime. I Would like start selling at certain pricepoints of my coins, therefore I should have access to them in some way. I dont want to travel with a Ledger in my backpack as I am going to Brasil and other places that are famous for theft. I am also fully aware that my current "storage" locations of my coins is not ideal.

I currently have the following Coins:

Cronos, staking on the CDC app as well as the DeFi app (would like to continue staking of them if possible)

BTC, CDC Exchange

LUKSO, CDC Exchange

ERGO, KuCoin

GALA, CDC Exchange

BEAM, CDC Exchange

Any advice is highly appreciated and please let me know if ledger is the solution and, which version it should be!

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The original was posted on /r/cryptocurrency by /u/Sirius93 on 2024-01-09 09:38:51+00:00.

Dear community

I will go on a trip for more than a year and I am not sure where I should store my cryptos in the meantime. I Would like start selling at certain pricepoints of my coins, therefore I should have access to them in some way. I dont want to travel with a Ledger in my backpack as I am going to Brasil and other places that are famous for theft. I am also fully aware that my current "storage" locations of my coins is not ideal.

I currently have the following Coins:

Cronos, staking on the CDC app as well as the DeFi app (would like to continue staking of them if possible)

BTC, CDC Exchange

LUKSO, CDC Exchange

ERGO, KuCoin

GALA, CDC Exchange

BEAM, CDC Exchange

Any advice is highly appreciated and please let me know if ledger is the solution and, which version it should be!

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The original was posted on /r/cryptocurrency by /u/NewtProfessional7844 on 2024-01-09 08:28:04+00:00.

For anyone who isn’t aware of this, a great way to catch projects and NFTs with massive potential is to follow “Smart Money” as part of your fundamental analysis.

Basically means piggy backing on the expertise of folks who not only know what they are doing in the crypto space but also have the clout to move the needle along to their tune

For the OGs still among us question is: Where are you going now to get detail data on how smart money is moving?

Nansen used to be excellent for this a couple of years ago but now has most valuable data behind paywalls and well my pennies only stretch so far unfortunately.

Any leads would be much appreciated and I’ll share any good sources I come across in the comments.

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The original was posted on /r/cryptocurrency by /u/NewtProfessional7844 on 2024-01-09 08:28:04+00:00.

For anyone who isn’t aware of this, a great way to catch projects and NFTs with massive potential is to follow “Smart Money” as part of your fundamental analysis.

Basically means piggy backing on the expertise of folks who not only know what they are doing in the crypto space but also have the clout to move the needle along to their tune

For the OGs still among us question is: Where are you going now to get detail data on how smart money is moving?

Nansen used to be excellent for this a couple of years ago but now has most valuable data behind paywalls and well my pennies only stretch so far unfortunately.

Any leads would be much appreciated and I’ll share any good sources I come across in the comments.

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The original was posted on /r/cryptocurrency by /u/peeeepooo555 on 2024-01-09 01:10:25+00:00.

I have no experience in Crypto beyond using SoFi to invest in Ethereum before they stopped the service. I foolishly dabbled in crypto for a day out of boredom and used the Blockchain.com platform to invest in a specific coin that was booming. It proceeded to not do well and so I sold everything and tried to take my profits back to my bank account via ACH. Apparently the system lets you deposit funds from banks but banks cannot take funds from Blockchain.com via ACH. It’s a sum of $140, and is too low to transfer via wire.

How can I get my trapped money out? This platform sucks and all of this confirms why I avoid crypto. Please no comments on why I should invest in crypto or why I chose the wrong platform. I just want my money back.

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The original was posted on /r/cryptocurrency by /u/NewtProfessional7844 on 2024-01-09 08:13:38+00:00.

The bull run is upon us folks. To be catalysed by the ETFs approval in a little over 24hrs. Hopefully this post ages well come tomorrow.

What new projects are you excited about? What new communities are the most wholesome and positive in your view?

Last bullrun, SOL, MANA and SAND did their thing! Who’s up next?

Been following a community called Elephant.Money that seems to have thrived during the bear market. Have a bit of powder in there to see how they take advantage of a bull.

Looking to see what else is out there and on the up and up

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The original was posted on /r/cryptocurrency by /u/wormfanatic69 on 2024-01-09 01:11:17+00:00.

There’s obviously and understandably been a lot of discussion about the Bitcoin ETF approval lately, so I’ve noticed a lot of people discussing their trading plans.

All the talk of selling before the announcement deadline has me wondering, how many of you are long-term holders and how many are short-term?

Personally I’ve been holding long term for since I made the mistake of panic-selling in 2018, and have had some pretty solid success, but the recent discussions have made me worried about my plan to hold for a few more years. I’m also just curious to hear some other logic and strategies. Cheers

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The original was posted on /r/cryptocurrency by /u/0xNLY on 2024-01-09 00:13:11+00:00.

People claim Cardano FUD is low quality and out of date lately and I tend to agree, so here are some new, higher quality FUD narratives for everybody.

You’re welcome.

🫡

1. Cardano has no feasible scaling roadmap, short or long term. The next 2-3 years will be rough. Fees, speed and finality are all now well behind peer chains even with only a fraction of the usage. This pain will increase sharply as others improve on these dimensions much faster. Right now the scaling narrative is incoherent.
2. Midnight is a Potemkin village. The architecture is a mess and Cardano is unprepared to pivot this direction. Fee markets, BLS sigs and finality need to be built first. It’s 2025 at best. Like Milkomeda, its ultimate impact will be minimal.
3. Charles and IOG “contract” for Cardano ends this year, and the community and ecosystem is woefully under-prepared for this. Intersect being semi-functional as a replacement is a pipe dream.
4. Governance is coming too soon, is ill-formed and will suck all the momentum out of the roadmap by replacing a focused team with a CEO, single-source funding and waterfall dev, with politics and social chaos (ultimately healthy and needs to be done). But, this is terrible timing. It’s already stolen a year of Cardano’s progress with a dead year in 2023 and 24/25 will be worse. The space is too competitive for Cardano to take 2-3 years to sort this out.
5. The realistic Cardano roadmap is incredibly complex and dev heavy - 1-2 big priorities will need to be chosen, some things won’t make it and it will be even slower than people realise.
6. Cardano has a small handful of creative and competent devs who actually understand the mess that is Plutus and build to strengths rather than weaknesses (hopefully the years of shooting themselves in the foot are over?). But they’re still kneecapped until v3. Cardano has orders of magnitude less money, momentum and attention from builders than other chains. Charles doing the heavy lifting trying to be the sole VC to fill this gap has failed. Catalyst similarly isn’t fit for purpose to bootstrap effectively. It’s running on fumes, relative to peers.
7. Without partnerships, investment and yes - VC acceleration, this gap only widens every week as new chains and L2s spin up with huge capital backing, deep BD pipelines and institutional usage and adoption (Visa, Flipkart, Grab etc). Money, talent and users are flowing elsewhere and right now Cardano is getting almost none of the growth, this cycle. It’s a small marginally self-sufficient, but isolated pool of capital and users from 2021 chasing second hand narratives. Mostly meme coins.
8. Like XRP, ADA’s top 10 position is sustained purely on retail speculation. The fundamentals and future potential for success diverged a long time ago. This will continue to become self-evident, even to those most heavily invested and underwater and price will drift relative to beta (even as it’s going up).

What have I missed?

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The original was posted on /r/cryptocurrency by /u/CryptoDaily- on 2024-01-09 00:00:26+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/Yogi_DMT on 2024-01-08 22:36:50+00:00.

This is a google doc I've put together for my correspondences between Coinbase support just for readability -

The TLDR is that my bank started rejecting crypto purchases, so they rejected a ~$30 tx I bought crypto with on CB. This caused me to have a $35 balance on my Coinbase account, which restricted my ability to move funds. As soon as I was made aware of this, I repeatedly tried to pay off this balance but the Coinbase site was not functioning.

At this time I had ~0.03 BTC in my account. So that means at the beginning of this months long back and forth with support the price was around 10k (~$300 worth), and near the end, the price was around 17.5k (more like $500). My point being that either way, the value of my account was definitely greater than the $30 balance on the account.

Anyway, so because I had this balance (that they would not let me pay off), they decided to stealth withdraw ALL of my BTC to the main exchange wallet without my permission. And as you can see in the email chain, support acknowledged all of the facts above yet played dumb and did not do anything about it.

I know it's chump change and not your keys not your coins, but the principle still stands that this company is scummy and they are founded on shyster tactics like this. You should not do any business with them!

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The original was posted on /r/cryptocurrency by /u/Killersteve420 on 2024-01-08 22:19:36+00:00.

So, I check my wallet today (ledger nano s) and I see a transaction that occurred Friday Jan 5th, a deposit of .00096715 BTC. Unless I am absolutely losing my mind, this wasn't me and I wasn't expecting a payment from anyone. I have no idea where it came from. Is this a scam of some kind? Is my wallet safe? can they access my funds somehow? I've heard of something like this with ERC-20 wallets. The transaction ID is a16a71dd98a4aec2f15587d2dc006f4b0e72f98daee47e25cb4ab756ec002e41 and the wallet address that sent it is bc1qq904ynep5mvwpjxdlyecgeupg22dm8am6cfvgq. On top of everything the network fee was .00038298. So, whoever it was spent $16.82 in fees to send me $42.49 again telling me that this isn't some transaction that I forgot about. Absolutely no way that I would spend $16.82 to send myself $42.49. Can anyone help me out with this? Find out who owns the wallet? I looked it up on Bitcoinwhoswho and it has been reported as a scam 7 times, so, if that website is legit, it's even more concerning. Thanks, I appreciate any insight you can give.

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The original was posted on /r/cryptocurrency by /u/mlalaren on 2024-01-08 21:11:54+00:00.

Hey everyone. Long time lurker, hoping someone has any tips. Seen enough of these posts to pretty much know there isn’t really any help.

Thefts happened this morning at 7:30 am to about 10 am. Attached are screenshots of sent crypto.

Had my Coinbase wallet on my iPhone. Never shared seed phrase obviously. Didn’t connect to any dapps. Actually pretty clueless how they got access. Had 2FA biometrics.

Called my local sheriff’s office and contacted Coinbase support. Can’t imagine Coinbase will actually help. It was A LOT of my savings.

Again, any help or suggestions are appreciated.

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The original was posted on /r/cryptocurrency by /u/TrueSpins on 2024-01-08 20:36:49+00:00.

I got into crypto back in 2013 just before the first run-up to 1k. My brother in law had mentioned it to me and despite thinking it was a load of nonsense I'd jumped through the hoops to buy some to impress him.

Back then it was a nightmare to buy in the UK. Had to use a crazy website called BitBargain that essentially connected you directly to sellers. Had to download a special app for my bank that allowed immediate payments to trusted friends and make payments like this.

Then you had to download Bitcoin QT along with the whole blockchain... It sure didn't feel like the future of money.

Was there for ETH launch, the pump to around 20 bucks in anticipation of the DAO launch, and the massive crash after the whole thing imploded.

Used so many crazy exchanges like btc-e, which seemed to be operated by the Russian Mafia, and the constant implosion of other exchanges.

Gavin Anderson was a big deal back then, along with the endless blocksize debates.

Miss those times.

Any other old timers still here?

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The original was posted on /r/cryptocurrency by /u/0xNLY on 2024-01-09 00:13:11+00:00.

People claim Cardano FUD is low quality and out of date lately and I tend to agree, so here are some new, higher quality FUD narratives for everybody.

You’re welcome.

🫡

1. Cardano has no feasible scaling roadmap, short or long term. The next 2-3 years will be rough. Fees, speed and finality are all now well behind peer chains even with only a fraction of the usage. This pain will increase sharply as others improve on these dimensions much faster. Right now the scaling narrative is incoherent.
2. Midnight is a Potemkin village. The architecture is a mess and Cardano is unprepared to pivot this direction. Fee markets, BLS sigs and finality need to be built first. It’s 2025 at best. Like Milkomeda, its ultimate impact will be minimal.
3. Charles and IOG “contract” for Cardano ends this year, and the community and ecosystem is woefully under-prepared for this. Intersect being semi-functional as a replacement is a pipe dream.
4. Governance is coming too soon, is ill-formed and will suck all the momentum out of the roadmap by replacing a focused team with a CEO, single-source funding and waterfall dev, with politics and social chaos (ultimately healthy and needs to be done). But, this is terrible timing. It’s already stolen a year of Cardano’s progress with a dead year in 2023 and 24/25 will be worse. The space is too competitive for Cardano to take 2-3 years to sort this out.
5. The realistic Cardano roadmap is incredibly complex and dev heavy - 1-2 big priorities will need to be chosen, some things won’t make it and it will be even slower than people realise.
6. Cardano has a small handful of creative and competent devs who actually understand the mess that is Plutus and build to strengths rather than weaknesses (hopefully the years of shooting themselves in the foot are over?). But they’re still kneecapped until v3. Cardano has orders of magnitude less money, momentum and attention from builders than other chains. Charles doing the heavy lifting trying to be the sole VC to fill this gap has failed. Catalyst similarly isn’t fit for purpose to bootstrap effectively. It’s running on fumes, relative to peers.
7. Without partnerships, investment and yes - VC acceleration, this gap only widens every week as new chains and L2s spin up with huge capital backing, deep BD pipelines and institutional usage and adoption (Visa, Flipkart, Grab etc). Money, talent and users are flowing elsewhere and right now Cardano is getting almost none of the growth, this cycle. It’s a small marginally self-sufficient, but isolated pool of capital and users from 2021 chasing second hand narratives. Mostly meme coins.
8. Like XRP, ADA’s top 10 position is sustained purely on retail speculation. The fundamentals and future potential for success diverged a long time ago. This will continue to become self-evident, even to those most heavily invested and underwater and price will drift relative to beta (even as it’s going up).

What have I missed?

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The original was posted on /r/cryptocurrency by /u/coinfanking on 2024-01-08 23:23:46+00:00.

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The original was posted on /r/cryptocurrency by /u/FitScore3115 on 2024-01-08 15:27:49+00:00.

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The original was posted on /r/cryptocurrency by /u/Yogi_DMT on 2024-01-08 22:36:50+00:00.

This is a google doc I've put together for my correspondences between Coinbase support just for readability -

The TLDR is that my bank started rejecting crypto purchases, so they rejected a ~$30 tx I bought crypto with on CB. This caused me to have a $35 balance on my Coinbase account, which restricted my ability to move funds. As soon as I was made aware of this, I repeatedly tried to pay off this balance but the Coinbase site was not functioning.

At this time I had ~0.03 BTC in my account. So that means at the beginning of this months long back and forth with support the price was around 10k (~$300 worth), and near the end, the price was around 17.5k (more like $500). My point being that either way, the value of my account was definitely greater than the $30 balance on the account.

Anyway, so because I had this balance (that they would not let me pay off), they decided to stealth withdraw ALL of my BTC to the main exchange wallet without my permission. And as you can see in the email chain, support acknowledged all of the facts above yet played dumb and did not do anything about it.

I know it's chump change and not your keys not your coins, but the principle still stands that this company is scummy and they are founded on shyster tactics like this. You should not do any business with them!

This is an automated archive.

The original was posted on /r/cryptocurrency by /u/Killersteve420 on 2024-01-08 22:19:36+00:00.

So, I check my wallet today (ledger nano s) and I see a transaction that occurred Friday Jan 5th, a deposit of .00096715 BTC. Unless I am absolutely losing my mind, this wasn't me and I wasn't expecting a payment from anyone. I have no idea where it came from. Is this a scam of some kind? Is my wallet safe? can they access my funds somehow? I've heard of something like this with ERC-20 wallets. The transaction ID is a16a71dd98a4aec2f15587d2dc006f4b0e72f98daee47e25cb4ab756ec002e41 and the wallet address that sent it is bc1qq904ynep5mvwpjxdlyecgeupg22dm8am6cfvgq. On top of everything the network fee was .00038298. So, whoever it was spent $16.82 in fees to send me $42.49 again telling me that this isn't some transaction that I forgot about. Absolutely no way that I would spend $16.82 to send myself $42.49. Can anyone help me out with this? Find out who owns the wallet? I looked it up on Bitcoinwhoswho and it has been reported as a scam 7 times, so, if that website is legit, it's even more concerning. Thanks, I appreciate any insight you can give.

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The original was posted on /r/cryptocurrency by /u/partymsl on 2024-01-08 13:04:49+00:00.

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The original was posted on /r/cryptocurrency by /u/LosMarlinsdeMiami on 2024-01-08 22:13:29+00:00.

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The original was posted on /r/cryptocurrency by /u/beavertownneckoil on 2024-01-08 12:23:27+00:00.

Spot Bitcoin ETF issuers have filed amended Form S-1s with the SEC asking for the regulator’s permission to launch the funds, which has been touted as the signal that approval could follow

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The original was posted on /r/cryptocurrency by /u/mlalaren on 2024-01-08 21:11:54+00:00.

Hey everyone. Long time lurker, hoping someone has any tips. Seen enough of these posts to pretty much know there isn’t really any help.

Thefts happened this morning at 7:30 am to about 10 am. Attached are screenshots of sent crypto.

Had my Coinbase wallet on my iPhone. Never shared seed phrase obviously. Didn’t connect to any dapps. Actually pretty clueless how they got access. Had 2FA biometrics.

Called my local sheriff’s office and contacted Coinbase support. Can’t imagine Coinbase will actually help. It was A LOT of my savings.

Again, any help or suggestions are appreciated.

This is an automated archive.

The original was posted on /r/cryptocurrency by /u/Climactic9 on 2024-01-08 20:42:31+00:00.

First off, people say that 51% attacks are irrelevant because the attackers would lose money because it would devalue the coins they are holding or devalue their mining equipment, but what if these people are heavily shorting the same crypto they are attacking. They would have to sink a ton of cash into shorts but they could be leveraged to the tits because they knew it would be a sure thing. If the attackers are a group of very rich people or a corrupt government then it seems plausible to me depending on the size of the given crypto network.

If this said group owned 51% of all ethereum or any other proof of stake crypto, would forking off be a viable option? I don't think it would be because those stakers could just move their stake over to the new forked off chain and maintain their 51% majority. How could the protocol be changed in order to unseat these bad actors?

However, in the case that a proof of work crypto was attacked. Then couldn't the users fork off with a new protocol that makes the bad actor's mining equipment obsolete. Similar to how monero's protocol changed in order to make asics unprofitable for mining.