Cryptocurrency News & Discussion

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The original was posted on /r/cryptocurrency by /u/kirtash93 on 2024-01-02 10:56:55+00:00.

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The original was posted on /r/cryptocurrency by /u/Walktrooper on 2024-01-02 10:33:56+00:00.

Hello, I'm completely fresh to cryptocurrency market, so I wanted to get some advice. I wanted to try investing in crypto market, since I don't have knowledge about other coins, I bought Bitcoin for around 24€, it has seen ups and downs through out the week, however they weren't that noticible as it was falling or rising by 1-2%, today I was suprised to see Bitcoin increase in around 7-8% in price and my portfolio is around 26.50€ worth now, should I sell it now and wait for a rapid drop to lower price, then rebuy it, or wait for a pontential increase in the future and hold it? I'm using Kraken by the way

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The original was posted on /r/cryptocurrency by /u/Walktrooper on 2024-01-02 10:33:56+00:00.

Hello, I'm completely fresh to cryptocurrency market, so I wanted to get some advice. I wanted to try investing in crypto market, since I don't have knowledge about other coins, I bought Bitcoin for around 24€, it has seen ups and downs through out the week, however they weren't that noticible as it was falling or rising by 1-2%, today I was suprised to see Bitcoin increase in around 7-8% in price and my portfolio is around 26.50€ worth now, should I sell it now and wait for a rapid drop to lower price, then rebuy it, or wait for a pontential increase in the future and hold it? I'm using Kraken by the way

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The original was posted on /r/cryptocurrency by /u/MrGims on 2024-01-02 09:55:02+00:00.

While other Cosmos projects skyrocket, ATOM's price languishes :

Injective and SEI, Cosmos-based tokens, have soared by over 900%, fueled by strong fundamentals and market sentiment. But ATOM, the native token, remains stagnant compared to ETH, BNB, and others.

ATOM look undervalued, primed for a surge?

One theory: investors haven't fully grasped its significance as the ecosystem's backbone. As awareness grows, demand might lift prices.

Another possibility: technical hurdles. Cosmos network's development has faced teething issues, hindering developer adoption and ATOM's uptake. Maturation and bug fixes could unleash development activity, boosting the token's value.

Regardless, ATOM's fundamentals and Cosmos's growth trajectory are strong. As investors recognize this, ATOM is poised for a significant pump.

Reasons for ATOM's potential surge:

• Cosmos ecosystem's expansion
• New Cosmos-based projects flourishing
• Increased developer adoption of ATOM
• Positive market sentiment

ATOM's future is bright. Cosmos's growth unlocks ATOM's potential. As investors awaken to this, ATOM's price is set to soar.

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The original was posted on /r/cryptocurrency by /u/x3n0ke on 2024-01-02 09:21:12+00:00.

Cut my losses and go BTC/ETH

Long story short: I’ve been a long time hodler of altcoins (about 7 years now) and currently I have 50% loss. The last years I’ve never really looked at it but I want to get rid of these altcoins and put it in BTC or ETH and again forget about it. But I’m having a hard time to accept the 50% loss after 7 years of hodling. What you guys recommend, bite the bullet? If it matters, I have the typical bag (VET, XRP, XLM, NANO). And if I do, 50/50, all-in BTC or all-in ETH. I have been out of the “game” for long so I do not know the ins and outs of BTC or ETH but I assume they are still the 2 stable coins with good futures?

Thanks in advance.

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The original was posted on /r/cryptocurrency by /u/Nielscorn on 2024-01-02 09:16:55+00:00.

I have never received any scam tokens. How is everyone getting these?

I constantly see posts about people losing all their funds from their wallet being drained. I don’t want that to happen so I keep a close eye if any weird transactions happen or if anything ever shows up in my wallet but it’s as clean as a whistle for years.

Is it because I have my funds split between an exchange and a ledger hard wallet? I’m really confused if this is the norm to receive these or if me having a ledger wallet and on an exchange is what is protecting me from getting these?

This post had 488 characters and got removed previously because I did not have 500 characters. Now you’re forced to read this because of an arbitrary rule.

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The original was posted on /r/cryptocurrency by /u/extrastone on 2024-01-02 07:12:51+00:00.

I understand that many people are frustrated by ordinals raising fees on the bitcoin blockchain.

I suspect that that is not the case.

Take a look at what the ordinal people have to say for themselves.

Most of the big nasty transactions which should have $1000 "mouth-watering" jpeg art are actually just wasted transactions.

I'm going to define wasted transaction as one of three things:

A split of a large UTXO into hundreds of smaller UTXO's that aren't for an exchange.

A joining of several small UTXO's into one or two large UTXO's.

A transaction where the fees spent is more than the bitcoin received.

Someone alerted me to so I took a look.

Here is their known address: 37dvwZZoT3D7RXpTCpN2yKzMmNs2i2Fd1n

Note that they only have received four block rewards which is over $1 million dollars at the time of writing.

Now I'm going to be lenient on miners because they do need to spread out their rewards to their pool members so the first type of transaction is out.

This is a very bad transaction that is being sent to the miner:

aa9264b9f8d1bcb91309c626ea1b6af257b2287f2ebcc7648ffdb589b2c41e61

Note that it is the third type where more than 90% of the sent value go to fees. I thought it was a wasted transaction. However it was actually a note within an ordinal:

Dear Luke Dashjr, here’s why I want to join the u/TaprootWizards:

With each halvening, Bitcoin's future will depend more and more on transaction fees. Use cases which support transaction fees (and miner revenue) are ultimately good for Bitcoin and will drive additional innovation to L2s and other types of scaling solutions. Ordinals did not create this problem, it merely highlighted it. The Taproot Wizards understand that better than most, and I believe in their mission and Bitcoin's future.

Thanks for storing our wizard JPEGs on your node forever! 🧙‍♂️

u/marshallmixing

P.S. Please stop eating cats

These two transactions are actually wasted and also are related to the Ocean pool:

64f96a2597168ee377a281add7a1d1e354ae55796f4ffeaabe7583b3a4f69e4c

fa455634ad8bb647bbbab5b2837d4e65abadc2ad3f0b4ce9d73025b535e75ad6

Conclusion: It would be worthwhile for a chain analyst to actually see if many of these wasted transactions are coming from mining pools. If small miners can figure out which pools are not colluding then they can join those pools that aren't wasting their precious revenue on increasing fees. They can also form new pools that do not perform wasted transactions. Small miners leaving large pools could be also good for decentralization.

Hopefully this can become a temporary phenomenon and fees can come back down.

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The original was posted on /r/cryptocurrency by /u/PatrickTech75 on 2024-01-02 04:19:15+00:00.

Do you feel technicals matter in crypto? What technicals do you use and what does January look like to you? Feel free to use fundamentals as well.

Personally I was looking for a down trend then a spike up but not so early. Due to the news on Bitcoin ETF hopes, Bitcoin took off. Do you feel the technicals played into the timing of the news?

It's difficult to know exactly what will happen in January 2024. My hopes are for a rally till mid January then a pull back the 2nd half. What do your technicals show for January?

Please be respectful and helpful to all contributors.

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The original was posted on /r/cryptocurrency by /u/kamo287 on 2024-01-02 03:42:31+00:00.

I've been noticing a lot of posts lately where people are just casually dropping how much crypto they've got. Do we have that many new people? This is such a bad practice and here are a few reasons why:

1. Making Yourself a Target. Talking about your crypto stash is like screaming, "Hey, hackers, over here!" It's a risky move. The more you show off, the more you're in the spotlight for the wrong kind of attention. This subreddit is crawling with scammers - an easy reminder would be all of the posts saying "help I lost everything"
2. Kiss Your Privacy Goodbye. One of the cool things about crypto is the privacy factor. But the moment you start broadcasting your holdings, that privacy is out the window. The internet's got a long memory, and you don't want your financial deets out there forever. I find it kinda cool thinking that one of you commenting is a millionaire and I have no idea.
3. Spreading False Hopes and Dreams. Not everyone's telling the truth about their crypto wealth. When people start throwing around big numbers, it creates a weird vibe and sets unrealistic expectations for newcomers. Let's keep it real and not turn this space into a fantasy land. There are plenty of other subreddits for that.

We're all here to learn, share, and grow. Let's do that without making ourselves targets, yeah?

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The original was posted on /r/cryptocurrency by /u/Ilovekittens345 on 2024-01-02 08:02:56+00:00.

Original Title: Imagine if we got to 500 sats/byte and you have bought and withdrawn 500 times over the last 5 years. Now you have 1 full BTC and the price is at a 100 000 dollars. Do you know what percentage you would lose of that 100 000 dollars just sending that 1 BTC to an exchange to sell it?

If you have withdrawn 500 times from an exchange you now have 500 utxo's in your wallet. To send it back to an exchange you have to put all these 500 utxo's in a tx. Let's say we send 0.9 BTC to an exchange to sell and send 0.1 BTC back to a change address.

The total size for such a transaction would be:

Version (4 bytes)
Input Count (3 bytes)
Inputs (500 * (32 + 4 + 107 + 4) bytes)
Output Count (1 byte)
Outputs (2 * (8 + 25) bytes)
Lock Time (4 bytes)

= 73,578 bytes

Now times 500 sats per byte = 36 789 000 sats or 0.367 BTC.

0.367 BTC out of 0.9 BTC = 40%

only 0.533 BTC would end up at the exchange which you could sell for 53 300 dollar.

So you would have 40% less money then you think. With the biggest insitutional players like Blackrock and Vanguard now getting in to the Bitcoin game and realizing they can easily price people out just by making a lot of transactions on the network (especially since they own a lot of mining companies and thus can make tx without having to pay for them) I think this is a very likely scenario.

I think the days of self custody will soon end, it will simply become to expensive for the average person.

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The original was posted on /r/cryptocurrency by /u/extrastone on 2024-01-02 07:12:51+00:00.

I understand that many people are frustrated by ordinals raising fees on the bitcoin blockchain.

I suspect that that is not the case.

Take a look at what the ordinal people have to say for themselves.

Most of the big nasty transactions which should have $1000 "mouth-watering" jpeg art are actually just wasted transactions.

I'm going to define wasted transaction as one of three things:

A split of a large UTXO into hundreds of smaller UTXO's that aren't for an exchange.

A joining of several small UTXO's into one or two large UTXO's.

A transaction where the fees spent is more than the bitcoin received.

Someone alerted me to so I took a look.

Here is their known address: 37dvwZZoT3D7RXpTCpN2yKzMmNs2i2Fd1n

Note that they only have received four block rewards which is over $1 million dollars at the time of writing.

Now I'm going to be lenient on miners because they do need to spread out their rewards to their pool members so the first type of transaction is out.

This is a very bad transaction that is being sent to the miner:

aa9264b9f8d1bcb91309c626ea1b6af257b2287f2ebcc7648ffdb589b2c41e61

Note that it is the third type where more than 90% of the sent value go to fees. I thought it was a wasted transaction. However it was actually a note within an ordinal:

Dear Luke Dashjr, here’s why I want to join the u/TaprootWizards:

With each halvening, Bitcoin's future will depend more and more on transaction fees. Use cases which support transaction fees (and miner revenue) are ultimately good for Bitcoin and will drive additional innovation to L2s and other types of scaling solutions. Ordinals did not create this problem, it merely highlighted it. The Taproot Wizards understand that better than most, and I believe in their mission and Bitcoin's future.

Thanks for storing our wizard JPEGs on your node forever! 🧙‍♂️

u/marshallmixing

P.S. Please stop eating cats

These two transactions are actually wasted and also are related to the Ocean pool:

64f96a2597168ee377a281add7a1d1e354ae55796f4ffeaabe7583b3a4f69e4c

fa455634ad8bb647bbbab5b2837d4e65abadc2ad3f0b4ce9d73025b535e75ad6

Conclusion: It would be worthwhile for a chain analyst to actually see if many of these wasted transactions are coming from mining pools. If small miners can figure out which pools are not colluding then they can join those pools that aren't wasting their precious revenue on increasing fees. They can also form new pools that do not perform wasted transactions. Small miners leaving large pools could be also good for decentralization.

Hopefully this can become a temporary phenomenon and fees can come back down.

This is an automated archive.

The original was posted on /r/cryptocurrency by /u/PatrickTech75 on 2024-01-02 04:19:15+00:00.

Do you feel technicals matter in crypto? What technicals do you use and what does January look like to you? Feel free to use fundamentals as well.

Personally I was looking for a down trend then a spike up but not so early. Due to the news on Bitcoin ETF hopes, Bitcoin took off. Do you feel the technicals played into the timing of the news?

It's difficult to know exactly what will happen in January 2024. My hopes are for a rally till mid January then a pull back the 2nd half. What do your technicals show for January?

Please be respectful and helpful to all contributors.

This is an automated archive.

The original was posted on /r/cryptocurrency by /u/Bossman01 on 2024-01-02 03:42:39+00:00.

From the article: “Bitcoin price is set to close out the year as one of the best-performing assets after gaining around 160% thanks to soaring expectations that Wall Street giant BlackRock is about to blow up the bitcoin market”

This is an automated archive.

The original was posted on /r/cryptocurrency by /u/kamo287 on 2024-01-02 03:42:31+00:00.

I've been noticing a lot of posts lately where people are just casually dropping how much crypto they've got. Do we have that many new people? This is such a bad practice and here are a few reasons why:

1. Making Yourself a Target. Talking about your crypto stash is like screaming, "Hey, hackers, over here!" It's a risky move. The more you show off, the more you're in the spotlight for the wrong kind of attention. This subreddit is crawling with scammers - an easy reminder would be all of the posts saying "help I lost everything"
2. Kiss Your Privacy Goodbye. One of the cool things about crypto is the privacy factor. But the moment you start broadcasting your holdings, that privacy is out the window. The internet's got a long memory, and you don't want your financial deets out there forever. I find it kinda cool thinking that one of you commenting is a millionaire and I have no idea.
3. Spreading False Hopes and Dreams. Not everyone's telling the truth about their crypto wealth. When people start throwing around big numbers, it creates a weird vibe and sets unrealistic expectations for newcomers. Let's keep it real and not turn this space into a fantasy land. There are plenty of other subreddits for that.

We're all here to learn, share, and grow. Let's do that without making ourselves targets, yeah?

This is an automated archive.

The original was posted on /r/cryptocurrency by /u/Matt-ayo on 2024-01-02 03:35:26+00:00.

Looking for opinions of anyone who has used either - preferably both.

The benefits of the eUTXO are somewhat obvious: no global state, more predictable state transitions, more parrelizable, easier to provide SPV clients with enough data.

If all these benefits could come without tradeoffs, that would be amazing. I'm not interested necessarily in which chain is more successful - network effects play too large a role.

What, if any, are the real and practical tradeoffs in using eUTXO or any UTXO system for smart contracts as opposed to a global, accounts based system?

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The original was posted on /r/cryptocurrency by /u/Cannister7 on 2024-01-02 03:01:09+00:00.

I've just set up Rabby wallet. I'm going to use that to connect to uniswap and I'll transfer funds there from an exchange. That way I'm not risking too much if I do something stupid. Hardware wallet is safe.

I don't totally understand how the swaps work, do I have to start off with ETH, or can I transfer something from the exchange which will cost less to send? If so what?

Also, because I need to add more characters - am I right in thinking that Uniswap is only for ETH tokens and other ones like Pancake swap etc are for different chains?

Not sure if that's 500 yet..

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The original was posted on /r/cryptocurrency by /u/Cannister7 on 2024-01-02 03:01:09+00:00.

I've just set up Rabby wallet. I'm going to use that to connect to uniswap and I'll transfer funds there from an exchange. That way I'm not risking too much if I do something stupid. Hardware wallet is safe.

I don't totally understand how the swaps work, do I have to start off with ETH, or can I transfer something from the exchange which will cost less to send? If so what?

Also, because I need to add more characters - am I right in thinking that Uniswap is only for ETH tokens and other ones like Pancake swap etc are for different chains?

Not sure if that's 500 yet..

This is an automated archive.

The original was posted on /r/cryptocurrency by /u/PatrickTech75 on 2024-01-01 23:19:30+00:00.

Personal crypto storage is an important subject. With many opinions on what is the best wallet. Some feel open sourced mobile wallets are the best while others feel hardware wallets are the best. Of course, there are many reasons while a person may call his or her wallet the best.

I realize there are many people out there contemplating which company to go with or stay with. Which company is the most trustworthy and why? The country an individual is from may play into their choice of crypto wallet(s). Do you prefer several wallets to spread your crypto so if you are hacked you don't lose it all?

This subject is to help people choose a way to store their crypto with peace of mind by reading others opinions. It can also help people build a personal approach and strategy on how to store their crypto for peace of mind. Feel welcome to be thorough or not.

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The original was posted on /r/cryptocurrency by /u/aItalianStallion on 2024-01-01 19:44:44+00:00.

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The original was posted on /r/cryptocurrency by /u/BukkakeNation on 2024-01-02 01:20:27+00:00.

Right now, I’m holding about 13.5 ethereum and .5 bitcoins for a ratio of approximately 60% to 40% in favor of ethereum. If I were to sell just a bit less than ten whole ethereum (the overwhelming majority of my stack) and purchase Bitcoin instead, I’d be left with about 3.5 ethereum and an entire Bitcoin which would give me a ratio of approximately 80% Bitcoin to 20% ethereum. It seems like the majority opinion on this sub is that ethereum has the higher upside and obviously a lot more risk. I used to be 100% all about ethereum but if I’m being honest I’ve been underwhelmed by ethereum since I started investing in it in 2017. I thought it would have been ubiquitous by now. Also, the idea of owning an entire Bitcoin and being a member of the 21 million club is rather appealing. Please Reddit, tell me why I shouldn’t sell my ethereum to go almost all in on bitcoin.

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The original was posted on /r/cryptocurrency by /u/sgtslaughterTV on 2024-01-02 01:18:49+00:00.

Thread for context:

Oh, and it seems I was totally wrong about my prediction in that thread, so now I need to own up to my mistake and donate 100 USD to a charity that accepts bitcoin.

I did hold one crypto analyst on a pedestal and took his investment thesis "to the bank" figuratively speaking, but in all honesty I still watch his videos to this day since it is a sober market-examination perspective.

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The original was posted on /r/cryptocurrency by /u/MarcoWorms on 2024-01-02 01:12:51+00:00.

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The original was posted on /r/cryptocurrency by /u/CryptoDaily- on 2024-01-02 00:00:29+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.

This is an automated archive.

The original was posted on /r/cryptocurrency by /u/sgtslaughterTV on 2024-01-02 01:18:49+00:00.

Thread for context:

Oh, and it seems I was totally wrong about my prediction in that thread, so now I need to own up to my mistake and donate 100 USD to a charity that accepts bitcoin.

I did hold one crypto analyst on a pedestal and took his investment thesis "to the bank" figuratively speaking, but in all honesty I still watch his videos to this day since it is a sober market-examination perspective.

This is an automated archive.

The original was posted on /r/cryptocurrency by /u/CryptoDaily- on 2024-01-02 00:00:29+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.