Cryptocurrency News & Discussion

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The original was posted on /r/cryptocurrency by /u/OberynMartell94 on 2024-01-02 23:17:26+00:00.

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I have been gone for a long time. I just didn't have the time and the will to be around crypto much. Not sure what made me look tonight but I decided to scroll the subreddit and i realized that i can't see my moons anymore. Has something happened in the last two years? Are they completely gone? Always thought they were a fun little thing to have different from all the other subreddits. Never really farmed and never sold any of my moons, i just liked having them.

I had something like 6k moons and they were worth like 9-10 cents if i remember correctly. Long story short: What happened?

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The original was posted on /r/cryptocurrency by /u/OberynMartell94 on 2024-01-02 23:17:26+00:00.

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I have been gone for a long time. I just didn't have the time and the will to be around crypto much. Not sure what made me look tonight but I decided to scroll the subreddit and i realized that i can't see my moons anymore. Has something happened in the last two years? Are they completely gone? Always thought they were a fun little thing to have different from all the other subreddits. Never really farmed and never sold any of my moons, i just liked having them.

I had something like 6k moons and they were worth like 9-10 cents if i remember correctly. Long story short: What happened?

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The original was posted on /r/cryptocurrency by /u/flowers_at_dusk on 2024-01-02 22:57:28+00:00.

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The original was posted on /r/cryptocurrency by /u/flowers_at_dusk on 2024-01-02 22:57:28+00:00.

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The original was posted on /r/cryptocurrency by /u/TNGSystems on 2024-01-02 22:53:47+00:00.

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The original was posted on /r/cryptocurrency by /u/TNGSystems on 2024-01-02 22:53:47+00:00.

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The original was posted on /r/cryptocurrency by /u/customsbytoy on 2024-01-02 22:40:27+00:00.

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Read this article and am massively surprised how well NFT’s are still doing. I thought they were a dying fad but they’re still selling for millions? Are they going to rise and fall In value coinciding with the cyclical nature of the crypto market from now on? They seem to be a better investment than most coins. Cryptopunks floor price only fell 10% where a lot of coins have lost 95% of their value

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The original was posted on /r/cryptocurrency by /u/customsbytoy on 2024-01-02 22:40:27+00:00.

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Read this article and am massively surprised how well NFT’s are still doing. I thought they were a dying fad but they’re still selling for millions? Are they going to rise and fall In value coinciding with the cyclical nature of the crypto market from now on? They seem to be a better investment than most coins. Cryptopunks floor price only fell 10% where a lot of coins have lost 95% of their value

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The original was posted on /r/cryptocurrency by /u/No_Industry9653 on 2024-01-02 22:39:16+00:00.

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The original was posted on /r/cryptocurrency by /u/No_Industry9653 on 2024-01-02 22:39:16+00:00.

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The original was posted on /r/cryptocurrency by /u/Bossman01 on 2024-01-02 22:00:14+00:00.

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From the article: “China, known for its stringent stance against cryptocurrencies, presents a paradox. Despite the nationwide ban on digital currencies, reports suggest officials receive bribes through crypto cold wallets.”

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The original was posted on /r/cryptocurrency by /u/_Jimmy_Rustler on 2024-01-02 21:06:30+00:00.

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Looks like it's time to sell. . .

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The original was posted on /r/cryptocurrency by /u/Bossman01 on 2024-01-02 22:00:14+00:00.

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From the article: “China, known for its stringent stance against cryptocurrencies, presents a paradox. Despite the nationwide ban on digital currencies, reports suggest officials receive bribes through crypto cold wallets.”

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The original was posted on /r/cryptocurrency by /u/_Jimmy_Rustler on 2024-01-02 21:06:30+00:00.

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Looks like it's time to sell. . .

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The original was posted on /r/cryptocurrency by /u/jawni on 2024-01-02 19:28:19+00:00.

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If you don't know who they are, Messari is a professional grade research platform for crypto, I often use it and read their free reports/dashboards. They just released their free 2024 report, link is here:

PDF is free to download but the report is almost 200 pages long.

Here is a AI generated summary I made, separated by chapter:

Chapter 1 (Top 10 Investment Trends for 2024)

Bitcoin and crypto markets look poised for further growth in 2024, with bitcoin potentially reaching parity with gold (over $600k per bitcoin).

Ethereum also looks solid after the Merge, though may underperform other crypto assets.

Beyond bitcoin and ethereum, the broader crypto market has room for 100x growth to reach the size of private capital markets. Index products remain limited, so picking winners is key.

Crypto venture investing looks attractive for 2023 vintages given low entry valuations. Top funds to watch include Multicoin, 1confirmation, Framework, Placeholder, a16z, and Syncracy.

Coinbase, Circle, and Galaxy Digital emerge as winners from the crypto downturn and are M&A and IPO candidates. Crypto policy battles loom as the industry fights perceptions it enables crime/harms innovation. Outcomes will depend on whether enough supporters mobilize.

Developer activity remains robust despite market weakness. Combination with AI represents major opportunity. Beyond DeFi, major potential in decentralized physical infrastructure, social media, and science applications.

Chapter 1 Extra (Messari Analyst Picks)

AI didn't do a great job of summarizing these and it's probably easier just to look at the report pages 25-28, but here is the summary

Ryan Selkis likes the Grayscale Bitcoin Trust (GBTC) as a top pick, but holds bitcoin (BTC), ethereum (ETH), and Solana (SOL). He also highlights the Messari research reports.

Other top token picks include Render Token (RNDR), Akash Token (AKT), Threshold Token (TAO), Terra Token (LUNA), Honey Token (HONEY), Lido Token (LPT), and the Coinbase stock token (COIN).

Favorite sectors/themes include decentralized physical infrastructure networks (DePIN), decentralized social networks (DeSoc), decentralized science/research (DeSci), zero-knowledge machine learning, mobile applications, alt-VM Ethereum rollups, bitcoin programmability, abstraction protocols, reputational/social token models like Friend, prediction markets/gambling applications, and re-staking protocols.

Assets/sectors viewed less favorably include illiquid VC portfolio marks, non-blue chip stablecoins like USDC, various memecoins, and cross-chain ATOM.

Analysts highlight the recent strong performance of Solana and skepticism around the long-term strength of assets like Ethereum.

Chapter 2 (Top 10 People to Watch in 2024)

1. Larry Fink (BlackRock) and Cathie Wood (ARK Invest) - positioning to launch bitcoin/crypto ETFs
2. Jeremy Allaire and Dante Disparte (Circle) - leading regulated stablecoin provider poised for IPO
3. Kristin Smith (Blockchain Association) and Michael Carcaise (Fair Shake PAC) - leading crypto policy and political groups
4. Senator Elizabeth Warren and her allies - major political opponent wielding significant influence
5. Elon Musk, Tucker Carlson, Vivek Ramaswamy - contrarian political figures largely supportive of crypto
6. Michael Sonnenshein and Craig Salm (Grayscale) - successful business but uncertain future given parent DCG's legal turmoil
7. Nic Carter and Matt Walsh (Castle Island Ventures) - influential crypto commentators and investors
8. Lucas Vogelsang (Centrifuge), Denelle Dixon (Stellar), and Christine Moy (Apollo) - bridging crypto and institutional finance
9. Dan Romero (Farcaster) and 0x Racer (friend.tech) - building next-gen social platforms
10. The DeFi gang - range of early DeFi players navigating growth and regulations

Chapter 3 (Top 10 Products in 2024)

This section highlights 10 "killer apps" in crypto that shipped promising products in 2023:

1. Tether on Tron - Emerging as a leading global crypto payments network, especially in developing countries
2. Base from Coinbase - Intuitive rollup experience bringing DeFi to Coinbase users
3. Celestia - Modular blockchain data availability layer to reduce congestion for rollups
4. Firedancer - Solana validator client from Jump Crypto that boosts speed and throughput 10x
5. Farcaster - Slick social app with hybrid architectureclosest to Web2 in UX
6. GBTC - Victory in legal battle closes giant discount, paves way for first bitcoin ETF
7. Lido - Leading decentralized ETH staking protocol navigating regulations around market share
8. CCIP - Chainlink's cross-chain messaging system attracting developers
9. Blur - NFT financialization suite shaking up OpenSea's dominance
10. Project Guardian - JPMorgan and Apollo proof-of-concept showing trader tools with DeFi integration

Chapter 4 (Top 10 Crypto Monies in 2024)

Bitcoin is poised for further growth in 2024 due to several tailwinds, including potential ETF approval, concerns about currency debasement, favorable accounting changes, its role in political "protest votes," and the 2024 bitcoin halving event. However, bitcoin's long-term security model relies on miner incentives, which may require changes to bitcoin's supply model.

Stablecoins saw explosive growth in 2022 and are emerging as a major bitcoin and crypto use case. Tether, USD Coin, and other stablecoins play different roles in the onshore and offshore crypto markets. Crypto-collateralized stablecoins like Dai and algorithmic stablecoins are other models to watch.

Central bank digital currencies (CBDCs) are mostly hype and unlikely to be widely adopted for some time, if ever. Their privacy implications are concerning. Ripple may gain traction assisting smaller central banks launch CBDCs.

Chapter 5 (Top 10 Crypto Policy Trends in 2024)

Politics, personnel, and culture drive policy. Crypto does not have strong tailwinds currently in U.S. politics. Issues include bear market sentiment, national security concerns, a lack of single-issue voter momentum, and knowledge gaps amongst policymakers. However, there is bipartisan distrust of regulators like the SEC and favorable recent court rulings.

Passing legislation is difficult and unlikely in 2024. Prospects for a bipartisan market structure or stablecoin bill are low. Dangerous surveillance bills like DAAML have better chances via attachment to must-pass legislation. Tax rules and AML enforcement are other pressure points regulators use against crypto.

Re-taking the Senate in 2024 is crucial for improving the crypto regulatory climate going forward. The SEC and CFTC have overreached their authority. While litigation helps, courts can also set bad precedents for crypto. Industry engagement and standards-setting matter alongside legal fights.

In Europe, comprehensive crypto regulations like MiCA and TFR provide some clarity but may prove overly burdensome for crypto innovators. Global compliance complexity across regimes grows.

Chapter 6 (Top 10 Trends in CeFi in 2024)

Coinbase: Operating at an otherworldly level, secured licenses, deepened partnerships, and launched new products.

Binance: Settled with the U.S. government, guilty plea for money laundering, and surveillance sharing agreements may pave the way for institutional entry to crypto.

ETF Approval: Prospects of approval are exciting, but SEC's refusal to convert Grayscale's GBTC product created a financial crisis.

DCG: Struggled due to bad timing and bad counterparty risk management, faced civil fraud allegations.

Compliance Tools: IRS creating challenges for crypto investors, tax reporting requirements are now definitely here.

Chapter 7 (Top 10 Trends in Layer-1 Networks in 2024)

Ethereum's dominance is being challenged by lower cost, higher performance blockchains

Security demand of base chain's native tokens is a comprehensive valuation framework

Centralization concerns in Ethereum have led to censorship challenges at different layers of the transaction processing stack

Major development breakthroughs in 2024 are expected to address these challenges

Ethereum's rollup-centric roadmap and modular approach provide flexibility and optimization for execution environments

Solana's tech enables applications that are "Only Possible on Solana" in sectors like DePIN, Payments, and Consumer apps

FHE and ZK Trends

Smart contract developers need access to more compute, which can be addressed by ZK coprocessors

ZK coprocessors allow complex computations to be run offchain while maintaining verifiability

Chapter 8 (Top 10 Trends in DeFi in 2024)

Uniswap retains market share across user segments on Ethereum and its rollups

Other chains have dominant DEX platforms such as TraderJoe on Avalanche, Osmosis on Cosmos, Orca on Solana, and PancakeSwap on BNB Chain

DeFi regulation in the U.S. is in a precarious spot, potentially impacting Uniswap

dYdX is dominant in futures and perpetuals with a big year upcoming in 2024

DeFi lending is capturing real-world asset tokenization and yielding sustainable assets

Trustless bridges and interoperability protocols are crucial for the multi-chain future

Rise of aggregators and regulated market makers in the crypto exchange space

Various blockchain platforms facing issues with transaction spikes and outages

Vibrant L2 ecosystem emerging for Bitcoin with Stacks lead...

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Content cut off. Read original on https://www.reddit.com/r/CryptoCurrency/comments/18wxvng/messaris_crypto_theses_for_2024_with_summarized/

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The original was posted on /r/cryptocurrency by /u/assoziationshauberk on 2024-01-02 16:14:53+00:00.

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So to start, I wanted to write this little guide after being pretty fed up with all my crypto decisions I had in the last 3 years, so that at least some guys in the community can learn something from my mistakes and can try to avoid them them themselves.

Like many I first got into crypto during the last Bullrun in 2021. I dove in heads first and as a student with limited financial capabilities soon panicked, because while investing for the first time ever I just simply didn’t know what to do once the red started. So I just bought whenever it dropped. The thing is, I didn’t really end to go down, So I soon put in more that I wanted to.

In October/November 21 the Bullrun came back much more aggressively than before summer. Well, I could have stopped there, even with a nice plus, but of course pretty much everyone here just shouted all the time EOY 100k!!!! So as inexperienced as I was, I just waited, until the red began again. Turned out the red was much more bloodier than what I had already experience with from the few months before.

I didn’t have much money to put in anymore, so I started experimenting in 2022. In hindsight some crazy scams like all the super high APY projects like TimeWondeland or Luna just lived from guys like me, that were desperate enough to believe everything they were told, if it was packed in a nice little story with a bit of technical stuff sprinkled over it, that they didn’t understand, so I lost a good portion of what I had left with shit like that. Then there was Luna, of course I also felt for that when it went down.

When the markets were finally down from 2022 to 2023, I was so fed up with crypto as a whole that even now that I aquired quite a bit of money that I could have put into crypto without too much thought, I just didn’t, because I learned to like the feeling of a stable bank account without any movements that I couldn’t control.

Now that the markets begin to go up again, it’s just unbelievable to me, that I put so many thoughts into crypto, so much risk and so much anger after the last 3 years that when I had so many opportunities to at least get my money back, I just didn’t do it because I started to just accept my losses.

What I learned from those 3 years is to just to keep emotions as far as possible away from investment decisions. Every time I chose a really bad project it was just purely out of greed. Also in hindsight I find the normal fear and greed index to be pretty good as an overall compass to when to buy or sell. Just buy a little bit every week or month when the markets are on the ground, no matter how bloody it’s looking and no matter if it takes months or years to go bank up again. You will be greatly rewarded for sitting through all of that. For selling I didn’t find a good guidance yet. I’d just sell a bit whenever people get too hyped with the market and much when you start to do screenshots of your portfolio.

I hope my short story of misery was of help for some of you. I know it isn’t all that easy like buy low sell high, but after three years, it would look much better for me, if I just kept buying and buying when it was low.

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The original was posted on /r/cryptocurrency by /u/IANvaderZIM on 2024-01-02 19:11:02+00:00.

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Title.

ETF approval (or disapproval) is coming any day now, and plenty of analysts are calling for a correction. Buy the rumour, sell the news. Historically, there is a correction around the halving also.

The sentiment is echoed on this sub, many are anticipating a crash/correction/dip in the near future.

Is anyone going to capitalize on it? Maybe selling now (or soon?) and just waiting it out?

Maybe you’re waiting for the actual announcement before you put in your sell order? Or a specific dollarage (like $50k)?

Maybe you’re just going to continue HODL/DCA right on through and ignore the noise?

I’m torn myself, but considering we could see a ~$30k btc in the near future, it’s very tempting to try and get out and back im and add another quarter of my stack…

So I ask the experts, analysts, and uninformed apes alike…

Whatchu gonna do?

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The original was posted on /r/cryptocurrency by /u/Mysterious_Comb9550 on 2024-01-02 18:46:37+00:00.

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Last week I made a small transaction from my bank to my loopring smart wallet using ramp.network. Like I have done in the past.

It got declined so I logged into my banking app to sign that it was indeed me making the transaction, then tried again. Still declined.

It was late and I had just finished work so I thought I’d try again in a couple days. The very next day when I used my card on the usual goods and services, it had been declined.

So I used the banking app and messaged someone via live chat asking to remove any block that I may have on my account.

They acknowledged that I did indeed have a block and that I would need to call the “fraud protection number” so I did just that.

After an hour of back and forth clarifying that it was me that processed the payment and that I am fully capable of spending money how I see fit. I provided the tele operator with security questions, previous transactions and my identification (pretty standard procedure) they still wouldn’t lift the block leaving me no access to my hard earned fiat to pay my direct debits.

They said I would need to physically go to a branch the following week. Which was today.

At the branch. I provided them with further evidence that I am who I say I am. They went in the back and left me waiting for almost an hour. After which, two police officers showed up and wanted a word. They asked if I was being coerced into doing this and that I assured them that I was of sound mind and it is for myself. I mentioned it was a crypto investment and that “ramp” which the bank had blocked was just the bridge. That I have used them in the past and all transactions since before today have been successfully completed.

One officer had to google it but overall they were happy and soon left.

Next I had yet another phone call from the fraud protection team while still at the bank (was here for well over an hour by this point)

So I explained to them again what I had already said, but all they kept wanting to know was what wallet it was and what am I investing in. Even asked for a screenshot of my wallet and all of its holdings. Which I didn’t provide as I see that as confidential and has nothing to do with why I am blocked. Not relevant at all. They advised me to see a financial advisor but I refused since I do my own due diligence. I made this very clear.

Has anyone else had this problem or would know what my next step should be? I was thinking maybe opening a new bank account elsewhere because I just want to invest what is mine and not have them refuse me access to my own money.

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The original was posted on /r/cryptocurrency by /u/Key-Squirrel-7939 on 2024-01-02 18:06:10+00:00.

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Hey everyone,

Is it worth it to switch from a ledger Nano X to a trezor 3?

I've kept my fund secure on my ledger Nano X for a while now, but since I bought it a lot has changed in how Ledger seems to handle their bussiness.

With the current price increases I would rather be as diligent as possible with my funds.

What's the subs opinion at the moment? Still completely safe to keep using the Nano X as long as I don't connect it to anything?

Or would you guys advice to switch anyway because of the lackluster transparancy from ledgers side?

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The original was posted on /r/cryptocurrency by /u/driehoekig on 2024-01-02 18:04:20+00:00.

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It keeps baffling me that people are storing all of their crypto wealth in the same wallet that they actively use to sign contracts with and trade with. Posts about people losing money equivalent to a whole years salary because they have been accumulating crypto into the same wallet they play around with are popping up almost daily.

Please just physically separate your crypto wealth from your 'playing money'. You don't go to the club or casino with all of your wealth stashed inside your back pocket expecting nothing to go wrong, but you still do this with your crypto.

My advice is to get a hardware wallet to use as your 'storage', store it somewhere save and only connect it to the DAP's and exchanges you know you can trust and have successfully connected with before. Get a second hardware wallet, smart wallet, or even hot wallet for the money you want to play with and which won't hurt too much if you lost it. If you want to use money from your 'storage' wallet, then first send the money from that wallet to your 'play' wallet and then connect that one. If you accidentally sign a corrupt contract, then your 'storage' wallet will still be safe. But also always read what you're signing for and check the addresses and amounts in the signing contract!

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The original was posted on /r/cryptocurrency by /u/TrustThyself on 2024-01-02 17:59:12+00:00.

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The original was posted on /r/cryptocurrency by /u/gr8ful4 on 2024-01-02 16:57:57+00:00.

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The original was posted on /r/cryptocurrency by /u/erdal_mutlu on 2024-01-02 16:15:44+00:00.

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The original was posted on /r/cryptocurrency by /u/leme-thnkboutit on 2024-01-02 16:50:47+00:00.

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I'm not shilling, because I don't have any.

I saw somebody shilling it a couple days ago. I rolled my eyes thinking geez here we go again, but it kept popping up. In 2/3 days I saw this thing rocket over 400%, and I thought that was the end of it, no way it's going to go higher. But, it started pumping again! And the gotdamn thing keeps pumping. Is this just a Solana meme thing? Where any new meme on the Solana Network is a guaranteed pump?

This is honestly messing with me because I'm so tempted to get in, but my better judgment keeps telling me no.

Looking for honest feedback on this one. I'm keeping my eye on anything Solana at the moment, because it seems like anything that launches is going to pump.

I asked the same question in another Reddit, but I'm posting here too.

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The original was posted on /r/cryptocurrency by /u/assoziationshauberk on 2024-01-02 16:14:53+00:00.

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So to start, I wanted to write this little guide after being pretty fed up with all my crypto decisions I had in the last 3 years, so that at least some guys in the community can learn something from my mistakes and can try to avoid them them themselves.

Like many I first got into crypto during the last Bullrun in 2021. I dove in heads first and as a student with limited financial capabilities soon panicked, because while investing for the first time ever I just simply didn’t know what to do once the red started. So I just bought whenever it dropped. The thing is, I didn’t really end to go down, So I soon put in more that I wanted to.

In October/November 21 the Bullrun came back much more aggressively than before summer. Well, I could have stopped there, even with a nice plus, but of course pretty much everyone here just shouted all the time EOY 100k!!!! So as inexperienced as I was, I just waited, until the red began again. Turned out the red was much more bloodier than what I had already experience with from the few months before.

I didn’t have much money to put in anymore, so I started experimenting in 2022. In hindsight some crazy scams like all the super high APY projects like TimeWondeland or Luna just lived from guys like me, that were desperate enough to believe everything they were told, if it was packed in a nice little story with a bit of technical stuff sprinkled over it, that they didn’t understand, so I lost a good portion of what I had left with shit like that. Then there was Luna, of course I also felt for that when it went down.

When the markets were finally down from 2022 to 2023, I was so fed up with crypto as a whole that even now that I aquired quite a bit of money that I could have put into crypto without too much thought, I just didn’t, because I learned to like the feeling of a stable bank account without any movements that I couldn’t control.

Now that the markets begin to go up again, it’s just unbelievable to me, that I put so many thoughts into crypto, so much risk and so much anger after the last 3 years that when I had so many opportunities to at least get my money back, I just didn’t do it because I started to just accept my losses.

What I learned from those 3 years is to just to keep emotions as far as possible away from investment decisions. Every time I chose a really bad project it was just purely out of greed. Also in hindsight I find the normal fear and greed index to be pretty good as an overall compass to when to buy or sell. Just buy a little bit every week or month when the markets are on the ground, no matter how bloody it’s looking and no matter if it takes months or years to go bank up again. You will be greatly rewarded for sitting through all of that. For selling I didn’t find a good guidance yet. I’d just sell a bit whenever people get too hyped with the market and much when you start to do screenshots of your portfolio.

I hope my short story of misery was of help for some of you. I know it isn’t all that easy like buy low sell high, but after three years, it would look much better for me, if I just kept buying and buying when it was low.