Cryptocurrency News & Discussion

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The original was posted on /r/cryptocurrency by /u/Sad_Entertainer9961 on 2024-01-05 09:48:27+00:00.

As mentioned above. I obviously made a mistake and I am hoping someone can help me with this.

Today I was smart enough to decide as a noob in this stuff to go ahead and try to follow a youtube tutorial ( ) on how to set up a Ai generated bot.

I tried to start a bot (Hash: 0xaa9343fc0efeda98440827811799bd770517606e6425e54ee5b73c3eb440e1c8). The funds were transfered from the smart contract (hash 0xFdb7Dc457112EC9FA3e77bC41B7f7c448719E6d9) confirmed by my wallet ( 0x7A626c1decBbf5Bf8e39c185E7896e16054dF4A4) to: 0xC1b01A58595cE9168048ec044cf089010827cf51. This action was not mentioned in the video as the funds would remain in the smart contract (

I hope someone can help me undo this fuckup i've just made :)

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The original was posted on /r/cryptocurrency by /u/mdm123196 on 2024-01-06 02:21:09+00:00.

If you lost crypto through the Gememi lending program and are aware of the upcoming vote to get a fraction of our funds back how are you feeling about it? I'm personally voting "no" because we were told months ago we would be made 100 percent whole and now it looks like we are getting way less then half back? They only want to pay us what the crypto was worth the day they filed bankruptcy and not its current market value. Everyone should be made 100 percent whole and that should include all the interest they promised to pay us when we signed up for the earn program. I also think that if genesis can't make everyone whole then gemini should have to make up the difference. What are your guys thoughts or opinions on this? I am beyond disappointed. For me it was a small fortune.

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The original was posted on /r/cryptocurrency by /u/mdm123196 on 2024-01-06 02:21:09+00:00.

If you lost crypto through the Gememi lending program and are aware of the upcoming vote to get a fraction of our funds back how are you feeling about it? I'm personally voting "no" because we were told months ago we would be made 100 percent whole and now it looks like we are getting way less then half back? They only want to pay us what the crypto was worth the day they filed bankruptcy and not its current market value. Everyone should be made 100 percent whole and that should include all the interest they promised to pay us when we signed up for the earn program. I also think that if genesis can't make everyone whole then gemini should have to make up the difference. What are your guys thoughts or opinions on this? I am beyond disappointed. For me it was a small fortune.

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The original was posted on /r/cryptocurrency by /u/mdm123196 on 2024-01-06 02:14:22+00:00.

If you lost crypto through the Gememi lending program and are aware of the upcoming vote to get a fraction of our funds back how are you feeling about it? I'm personally voting "no" because we were told months ago we would be made 100 percent whole and now it looks like we are getting way less then half back? They only want to pay us what the crypto was worth the day they filed bankruptcy and not its current market value. Everyone should be made 100 percent whole and I that should include all the interest they promised to pay us when we signed up for the earn program. I also think that if genesis can't make everyone whole then gemini should have to make up the difference. What are your guys thoughts or opinions on this? I am beyond disappointed. For me it was a small fortune.

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The original was posted on /r/cryptocurrency by /u/mdm123196 on 2024-01-06 02:14:22+00:00.

If you lost crypto through the Gememi lending program and are aware of the upcoming vote to get a fraction of our funds back how are you feeling about it? I'm personally voting "no" because we were told months ago we would be made 100 percent whole and now it looks like we are getting way less then half back? They only want to pay us what the crypto was worth the day they filed bankruptcy and not its current market value. Everyone should be made 100 percent whole and I that should include all the interest they promised to pay us when we signed up for the earn program. I also think that if genesis can't make everyone whole then gemini should have to make up the difference. What are your guys thoughts or opinions on this? I am beyond disappointed. For me it was a small fortune.

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The original was posted on /r/cryptocurrency by /u/CryptoDaily- on 2024-01-06 00:00:32+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.
• 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:

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• MOONs Wiki Page
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The original was posted on /r/cryptocurrency by /u/ChancesAreMoFo on 2024-01-06 01:03:56+00:00.

First, I will admit, I was a dumbass for wasting $600+ on this scam. It was the first and last time I've ever done it. Lesson learned. Still, even though Big Eyes is going nowhere, I'm pissed I never was able to claim my coins. Contacting them is a waste since they never answer. And I'm still shocked that there are people who are buying Big Eyes Infinity. I have a lot of screenshots of my purchases and was wondering if it was even possible to sue these guys. Probably a stupid question, I'm sure, but still curious.

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The original was posted on /r/cryptocurrency by /u/customsbytoy on 2024-01-05 23:52:23+00:00.

At what point does it become economically viable for me to take a trip to the moon to collect this Bitcoin???

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The original was posted on /r/cryptocurrency by /u/CryptoDaily- on 2024-01-06 00:00:32+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.
• 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:

• Beginner Resources
• Intro to r/Cryptocurrency MOONs 🌔
• MOONs Wiki Page
• r/CryptoCurrency Discord
• r/CryptoCurrencyMemes
• Prior Daily Discussions - (Link fixed.)
• r/CryptoCurrencyMeta - Join in on all meta discussions regarding r/CryptoCurrency whether it be moon distributions or governance.

Finding Other Discussion Threads

Follow a mod account below to be notified in your home feed when the latest r/CC discussion thread of your interest is posted.

• u/CryptoDaily- — Posts the Daily Crypto Discussion threads.
• u/CryptoSkeptics — Posts the Monthly Skeptics Discussion threads.
• u/CryptoOptimists- — Posts the Monthly Optimists Discussion threads.
• u/CryptoNewsUpdates — Posts the Monthly News Summary threads.

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The original was posted on /r/cryptocurrency by /u/customsbytoy on 2024-01-05 23:52:23+00:00.

At what point does it become economically viable for me to take a trip to the moon to collect this Bitcoin???

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The original was posted on /r/cryptocurrency by /u/Own-Tumbleweed6337 on 2024-01-05 22:09:48+00:00.

Safe.trade just stole my money.. I created an account to buy a coin there and I deposited some usdt but once my money got there and it shows in deposit history I couldn't trade and I tried using my laptop and it shows the account has 0 balance and I got back to my phone and it shows 0 but it still show the successful deposit in history! This really took a minute for the money to disappear and I doesn't show any transactions of any withdrawal on the account they really just sucked that money somehow, this exchange is a professional scam, please don't use it for your own risk and if anyone know how to sue or report these scamers I would love to hear it?

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The original was posted on /r/cryptocurrency by /u/MrHeavenTrampler on 2024-01-05 21:28:15+00:00.

I'll preface this saying I am new to futures, I usually only do spot trading (which is more like swapping actually).

I understand how futures contracts work on a good enough level, and I have been planning to do some trades using futures, as it is simply more convenient than doing so via spot.

Anyway, my doubt is regarding margin and leverage. As far as I understand it, leverage is basically trading with borrowed money. It magnifies both losses and gains. This much I am ok with. Besides, I do not plan to do leveraged trading beyond 3× or maybe 5×.

However, is the % at which I get margin called directly determined by the leverage I am using? As an example, I have 1000 USDT. I use 3× leverage, so I am now trading with $3000 USDT for all intents and purposes.

My collateral, however, remains $1000 USDT. Hence, if my position has losses that amount to that, I will get margin called and the exchange will close my position. So, in case of a 3× leverage, a loss of -33% would result in the closure of my position. In 5×, that loss has to be -20% and so on.

Is that right, or am I missing something?

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The original was posted on /r/cryptocurrency by /u/dlonem1 on 2024-01-05 21:16:17+00:00.

I am holding several thousand dollars worth of crypto on an exchange, and i am staking most of it. I recently acquired a cold storage wallet that allows staking at practically double the rate.

In a perfect world, I'd love to take all the crypto from the exchange, move it to cold storage, let the staking work its magic, then at the peak of the next bull run, move my crypto baxk to the exchange, sell 75% of my coins, and rinse and repeat.

I'm worried about taxation in the US (of which I'm a resident) and the whole "short term gains" as I know when I sell it would be reported to the IRS, but doubtful of the whole proving of having owned the crypto for long term gain tax benefits.

What is the best approach to attaining my goal, or would it be simpler to leave the crypto on the exchange for logs of long term gains? I plan on holding for the next 6-48months.

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The original was posted on /r/cryptocurrency by /u/badfishbeefcake on 2024-01-05 20:55:52+00:00.

So Kitboga and his team have an AI chatbot wasting scammers time but it keeps fucking up talking about BTC and alignment with the planets, etc, its hillarious.

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The original was posted on /r/cryptocurrency by /u/nicoznico on 2024-01-05 23:43:30+00:00.

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The original was posted on /r/cryptocurrency by /u/Perfect_Ability_1190 on 2024-01-05 23:11:24+00:00.

Algorand Foundation has to be one of the worst run I've seen. I can't even begin to understand why they do these unless they're purposely trying to lose the money and dumping to friends/family/business partners.

They trusted and did deals with Three Arrows Capitol. Anyone in crypto knows not to deal with 3AC, something to the tune of 50 million US and tanking the price of Algo

Algorand Foundation lost another 35 million trying to yield a bit on a really unknown platform Hodlnaut

Staci Warden the CEO of the Algorand Foundation decided to toy with the emotions of Dozens of ALGO holders by tweeting the very cryptic message "NIKE".

World Cup deal that did nothing & lost more money

Borderless Capital. It was being presented as an independent investor, but if you look at their history they used to be called AlgoCapital or something. They never mention it anymore it was was displayed on their own Medium page etc.

I remember the big MyAlgo hack and them saying it was contractors who built it but I think the relationship was much closer than that. Sus at every corner. Why is there an Algo Inc and an Algo Foundation and why is one headquartered in Singapore? Years ago they said Algo Inc said they weren't going to participant in super yield but at the last minute a big wallet from the Algo Foundation jumped in and reduced everyone's %.

Algo fees are set by Algo holders. 1 Algo = 1 governance vote, meaning the whales control the vote. Whales who's entire purpose for existing is to make money from speculation fees. Who are they? Are they qualified? What's their agenda? Giant question mark.

This means that in order for the fee structure to change, a vote has to be put to these whales, the people directly incentivized to keep them high. And even if you could get them to lower the fees, this is reactionary, slow and means that an overnight pump of the coin price can still raise the fees the same amount.

How can mission critical applications be built on any network where the decisions are made by anonymous token holders? Makes zero sense, and that's aside from the floating fee structure of Algorand which also makes no sense for any serious enterprise solution.

Enterprise adoption needs predictable fees, not fees that could fluctuate daily. If you're an enterprise looking to adopt DLT tech which are you going to choose? Predictable easy to budget for costs or those that fluctuate?

The mistake that these other layer 1 DLT projects have made is in thinking they will be "the one coin to rule them all" and that everyone will be ok with fees denominated in their network coin, because everyone will be using the network and the coin so it won't matter.

There will be half a dozen layer 1's working in interoperability with each other and other satellite and support networks, & the correct approach will be denominating fees in USD

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The original was posted on /r/cryptocurrency by /u/KAX1107 on 2024-01-05 21:44:56+00:00.

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The original was posted on /r/cryptocurrency by /u/KAX1107 on 2024-01-05 21:44:56+00:00.

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The original was posted on /r/cryptocurrency by /u/guestquest88 on 2024-01-05 21:10:31+00:00.

I've been watching a SCAM meme coin unfold that went mainstream. Why did I do so? The market is up, so I've been sitting on my hands, quite bored :)

THIS IS A SCAM PROJECT AND ALL THE OTHERS THAT FOLLOW IT ON TG ARE ALSO SCAMS. DO NOT EVEN CONNECT YOUR WALLET TO THIS SCAM SITE!

The scam "project" is called MICKEY.

Contract: 0xE57A26f5a007968F0fCA7a156333bF082841E94D

I'm not even give you the website for it here because, some of you are such crypto degenerates you might actually give them a buck! lol

It's a usual run of the mill shitcoin with a black and white website (really?!), a telegram channel full of bots and a few fools who clearly are already picking out their lambo colors :)

Why am I writing about it you may ask? Well... because of how I found it.

The article about this shit coin was trending on CoinStats News Feed.

They capitalized on the fact that the 1928 Mickey is off trademark in the US now, and got some money out of noobs.

Now my question to those more knowledgeable is, HOW the hell do they get this crap to show up on peoples news feeds as actual "news"? I've seen some other questionable "news" recently and I can't help but wonder? Do they pay to have a quick AI created article posted on a website thats affiliated with CoinStats? Anybody?

There are articles about it on YahooFinance and InsideBitcoins... YahooFinance, like what?

FYI, no I did not buy any of it :) I was more concerned with how they manage to go viral, so I tracked it, but found nothing.

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The original was posted on /r/cryptocurrency by /u/guestquest88 on 2024-01-05 21:10:31+00:00.

I've been watching a SCAM meme coin unfold that went mainstream. Why did I do so? The market is up, so I've been sitting on my hands, quite bored :)

THIS IS A SCAM PROJECT AND ALL THE OTHERS THAT FOLLOW IT ON TG ARE ALSO SCAMS. DO NOT EVEN CONNECT YOUR WALLET TO THIS SCAM SITE!

The scam "project" is called MICKEY.

Contract: 0xE57A26f5a007968F0fCA7a156333bF082841E94D

I'm not even give you the website for it here because, some of you are such crypto degenerates you might actually give them a buck! lol

It's a usual run of the mill shitcoin with a black and white website (really?!), a telegram channel full of bots and a few fools who clearly are already picking out their lambo colors :)

Why am I writing about it you may ask? Well... because of how I found it.

The article about this shit coin was trending on CoinStats News Feed.

They capitalized on the fact that the 1928 Mickey is off trademark in the US now, and got some money out of noobs.

Now my question to those more knowledgeable is, HOW the hell do they get this crap to show up on peoples news feeds as actual "news"? I've seen some other questionable "news" recently and I can't help but wonder? Do they pay to have a quick AI created article posted on a website thats affiliated with CoinStats? Anybody?

There are articles about it on YahooFinance and InsideBitcoins... YahooFinance, like what?

FYI, no I did not buy any of it :) I was more concerned with how they manage to go viral, so I tracked it, but found nothing.

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The original was posted on /r/cryptocurrency by /u/kirtash93 on 2024-01-05 20:09:06+00:00.

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The original was posted on /r/cryptocurrency by /u/kirtash93 on 2024-01-05 20:09:06+00:00.

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The original was posted on /r/cryptocurrency by /u/myheadsexplodin on 2024-01-05 19:50:45+00:00.

2021 was my first bull market. I definitely made some money, but for the most part, I held all the way down through the bear. This coming run I wanna be more prepared, so I made a little strategy. Hope this can help others out. If anyone has any changes they think could improve the strategy please share!

It basically follows these rules starting Sept 2024:

• Exit once monthly only on GREEN DAYS
• DO NOT BUY MORE CRYPTO AFTER APRIL 2024
• 25% of cash received from crypto selling will be used to buy back into BTC
• 75% of cash to be stored within a high interest savings account. To save for taxes/personal use/etc.

Selling will go as follows:

September 2024 - Sell 4% of all holdings

October 2024 - Sell 4% of all holdings

November 2024 - Sell 4% of all holdings

December 2024 - Sell 4% of all holdings

January 2025 - Sell 4% of all holdings

February 2025 - Sell 8% of all holdings

March 2025 - Sell 8% of all holdings

April 2025 - Sell 8% of all holdings

May 2025 - Sell 8% of all holdings

June 2025 - Sell 8% of all holdings

July 2025 - Sell 10% of all holdings

August 2025 - Sell 10% of all holdings

September 2025 - Sell 10% of all holdings

October 2025 - Sell 10% of all holdings

All crypto sold except for BTC by November 2025!

The hardest part will be sticking to it, but I got to remind myself that it doesn’t matter if BTC goes higher or if I miss selling at the absolute peaks. Profit is Profit and I think sticking to a proper strategy like this will lead to success!

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The original was posted on /r/cryptocurrency by /u/myheadsexplodin on 2024-01-05 19:50:45+00:00.

2021 was my first bull market. I definitely made some money, but for the most part, I held all the way down through the bear. This coming run I wanna be more prepared, so I made a little strategy. Hope this can help others out. If anyone has any changes they think could improve the strategy please share!

It basically follows these rules starting Sept 2024:

• Exit once monthly only on GREEN DAYS
• DO NOT BUY MORE CRYPTO AFTER APRIL 2024
• 25% of cash received from crypto selling will be used to buy back into BTC
• 75% of cash to be stored within a high interest savings account. To save for taxes/personal use/etc.

Selling will go as follows:

September 2024 - Sell 4% of all holdings

October 2024 - Sell 4% of all holdings

November 2024 - Sell 4% of all holdings

December 2024 - Sell 4% of all holdings

January 2025 - Sell 4% of all holdings

February 2025 - Sell 8% of all holdings

March 2025 - Sell 8% of all holdings

April 2025 - Sell 8% of all holdings

May 2025 - Sell 8% of all holdings

June 2025 - Sell 8% of all holdings

July 2025 - Sell 10% of all holdings

August 2025 - Sell 10% of all holdings

September 2025 - Sell 10% of all holdings

October 2025 - Sell 10% of all holdings

All crypto sold except for BTC by November 2025!

The hardest part will be sticking to it, but I got to remind myself that it doesn’t matter if BTC goes higher or if I miss selling at the absolute peaks. Profit is Profit and I think sticking to a proper strategy like this will lead to success!

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The original was posted on /r/cryptocurrency by /u/Electrical_Tension on 2024-01-05 19:00:05+00:00.