Cryptocurrency News & Discussion

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The original was posted on /r/cryptocurrency by /u/drjacks on 2023-12-31 13:57:18+00:00.

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The original was posted on /r/cryptocurrency by /u/therealgoose69 on 2023-12-31 11:47:15+00:00.

Heyyy. With the promise of a bullish 2024 in the air, let's dive into some strategic planning. Imagine you've got $10,000 sitting in your bank account right now, and you're eager to dive into the crypto space. What coins would you pick, and how would you divide your $10K?

Let's spark a discussion and help each other make informed decisions. Here are a few questions to kickstart the conversation:

1. Diversification or Concentration: Would you diversify your portfolio across multiple coins or concentrate on a few? What's your reasoning behind this approach?
2. Blue Chips or Hidden Gems: Are you leaning towards well-established coins with a track record, or would you explore lesser-known projects with high potential? Share your thoughts on balancing risk and reward.
3. Long-Term vs. Short-Term Gains: What's your investment horizon? Are you aiming for long-term growth or planning to capitalize on short-term opportunities?
4. Risk Management: How would you mitigate risks in a volatile market? What strategies would you employ to protect your investment from potential downturns?
5. When to Take Profits: Setting an exit strategy is crucial. What indicators or milestones would prompt you to take profits? Are you considering a gradual exit or waiting for a specific price target?
6. Avoiding Common Mistakes: Share your insights on common pitfalls to avoid when building a crypto portfolio. What lessons have you learned from previous experiences?
7. The $10K Plan for 2024: Break down your ideal allocation. How much would you invest in Bitcoin, Ethereum, and other altcoins? Any specific projects you believe have tremendous potential?

I am here to learn and love to hear your guys view and to learn.

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The original was posted on /r/cryptocurrency by /u/therealgoose69 on 2023-12-31 11:47:15+00:00.

Heyyy. With the promise of a bullish 2024 in the air, let's dive into some strategic planning. Imagine you've got $10,000 sitting in your bank account right now, and you're eager to dive into the crypto space. What coins would you pick, and how would you divide your $10K?

Let's spark a discussion and help each other make informed decisions. Here are a few questions to kickstart the conversation:

1. Diversification or Concentration: Would you diversify your portfolio across multiple coins or concentrate on a few? What's your reasoning behind this approach?
2. Blue Chips or Hidden Gems: Are you leaning towards well-established coins with a track record, or would you explore lesser-known projects with high potential? Share your thoughts on balancing risk and reward.
3. Long-Term vs. Short-Term Gains: What's your investment horizon? Are you aiming for long-term growth or planning to capitalize on short-term opportunities?
4. Risk Management: How would you mitigate risks in a volatile market? What strategies would you employ to protect your investment from potential downturns?
5. When to Take Profits: Setting an exit strategy is crucial. What indicators or milestones would prompt you to take profits? Are you considering a gradual exit or waiting for a specific price target?
6. Avoiding Common Mistakes: Share your insights on common pitfalls to avoid when building a crypto portfolio. What lessons have you learned from previous experiences?
7. The $10K Plan for 2024: Break down your ideal allocation. How much would you invest in Bitcoin, Ethereum, and other altcoins? Any specific projects you believe have tremendous potential?

I am here to learn and love to hear your guys view and to learn.

This is an automated archive.

The original was posted on /r/cryptocurrency by /u/fap_fap_fap_fapper on 2023-12-31 11:46:47+00:00.

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The original was posted on /r/cryptocurrency by /u/fap_fap_fap_fapper on 2023-12-31 11:46:47+00:00.

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The original was posted on /r/cryptocurrency by /u/Maskedwizardlordzano on 2023-12-31 07:24:52+00:00.

Back in April I managed to turn 300 to 7000. It was my first time making it big with little cash. I thought everything was good until I checked my balance the next day only for it to be drained. I wasn’t sure if my devices like laptop and computer were compromised or if it’s only my wallet, so I haven’t used them since. Finally had some time to get back into it but worried about some hacker lurking in my devices. I was connected to my metamask an messing around with uniswap. Am I SOL? Do I need to go get new devices if I want to keep trading? What is your recommendation of what I should do?

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The original was posted on /r/cryptocurrency by /u/MirageInc on 2023-12-31 05:59:12+00:00.

AboutRosen Bridge

Rosen bridge is an Ergo-centric bridge enabling users to send and receive coins and tokens between Ergo and any other chain. The other chain, say chainX, however, should support multi-signature transactions or threshold signatures.

In this bridge, there is no need to deploy and utilize smart contracts on the other chains since the consensus on any action can be done on the Ergo platform by a set of Guards, resulting in a signed transaction (txn for Ergo or chainX). These transactions can be broadcasted to the other chain by any party including the Guards.

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The original was posted on /r/cryptocurrency by /u/MirageInc on 2023-12-31 05:59:12+00:00.

AboutRosen Bridge

Rosen bridge is an Ergo-centric bridge enabling users to send and receive coins and tokens between Ergo and any other chain. The other chain, say chainX, however, should support multi-signature transactions or threshold signatures.

In this bridge, there is no need to deploy and utilize smart contracts on the other chains since the consensus on any action can be done on the Ergo platform by a set of Guards, resulting in a signed transaction (txn for Ergo or chainX). These transactions can be broadcasted to the other chain by any party including the Guards.

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The original was posted on /r/cryptocurrency by /u/0mnipath on 2023-12-31 05:42:16+00:00.

I'm not sure if I'm calculating it correctly. It seems a bit complex. Here is the scenario.

1. I purchased same cryptocurrency on 2 separate occasions with 2 different prices.

2. I then sold off some of that crypto(there is a remainder unsold).

3. I then purchased some more of that crypto.

4. I then sold off some of that crypto.

How do I calculate the profit/loss I made when I sold crypto in step 4?

My understanding is that it should be (Selling Price − Weighted Average Cost per Unit) × Quantity Sold

Where:

Selling Price = Proceeds of the sale / Quantity of crypto sold

Weighted Average Cost per Unit = Total cost of all purchased crypto / Total quantity of all purchased crypto

Total cost of all purchased crypto = Sum of fiat paid for buying crypto across all 3 purchases

Total quantity of all purchased crypto = Sum of cryptocurrency acquired in all 3 purchases

So if I bought 10 crypto for $1000, then 10 crypto for $500, then 100 crypto for $100. In the last sale I sold 2 crypto for $10.

The profit/loss for the sale in step 4 would then be calculated this way:

(10/2 - (1000+500+100)/(10+10+100))*2 = -16.67

So loss of $16.67. Am I right and this is how complex it is to calculate it or am I tripping?

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The original was posted on /r/cryptocurrency by /u/Adalwolf311 on 2023-12-31 05:22:02+00:00.

I feel like this isn't talked about enough. It seems like most of the discussions here are about "price go up", which I totally get, but I'd love to hear more discussion about utility and usability of these blockchains that we're investing in. Obviously, Ethereum is the largest blockchain that utilizes smart contracts and DApps, but there are a bunch of other ones out there that offer similar utility. While I personally don't have a lot of experience with any of these platforms, I'd love to hear from people what their favorite platforms are to use. For example, which platforms feel the most fluid? Which ones are the fastest? Most secure? Lowest fees? I look forward to hearing your responses!

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The original was posted on /r/cryptocurrency by /u/glip-glop-evil on 2023-12-31 04:59:31+00:00.

I'm able to get a ~2% loan for a value of around $70,000 payable back in 2 years. Im currently earning enough to pay it back each month with a part of my salary. I was initially not gonna take it but now I'm wondering if I should take it and purchase crypto with it, maybe 5 different ones (BTC, ETH, MATIC. ATOM, one more). Unless I lose my job, I'd not be in a bad position to say it back and even if I did, I'd be able to dip into savings to cover a month or two. Within 2 years, I'd like to believe this would be a safe investment. What do you guys think?

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The original was posted on /r/cryptocurrency by /u/castorfromtheva on 2023-12-31 04:43:47+00:00.

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The original was posted on /r/cryptocurrency by /u/Perfect_Ability_1190 on 2023-12-31 04:17:01+00:00.

Original Title: 2023 Crypto Dead Projects List. This archive presents a list of crypto projects that failed in 2023, including those that announced closure, entered bankruptcy, or had websites that had been inactive for a long time.

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The original was posted on /r/cryptocurrency by /u/Virtual_Economist513 on 2023-12-31 01:54:49+00:00.

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The original was posted on /r/cryptocurrency by /u/Virtual_Economist513 on 2023-12-31 01:54:49+00:00.

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The original was posted on /r/cryptocurrency by /u/CryptoDaily- on 2023-12-31 00:00:39+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/flowers_at_dusk on 2023-12-30 23:27:45+00:00.

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The original was posted on /r/cryptocurrency by /u/CryptoDaily- on 2023-12-31 00:00:39+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/flowers_at_dusk on 2023-12-30 23:27:45+00:00.

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The original was posted on /r/cryptocurrency by /u/aItalianStallion on 2023-12-30 22:18:51+00:00.

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The original was posted on /r/cryptocurrency by /u/aItalianStallion on 2023-12-30 22:18:51+00:00.

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The original was posted on /r/cryptocurrency by /u/Zombie4141 on 2023-12-30 20:32:55+00:00.

I know I’m out of touch. Stopped investing in crypto in 2017. But one of my favorite projects was NEO. Well back then it was called Antshares.

The things I love about it are simple.

-Finite supply. 100 million tokens are all that will ever been made.

-It’s been around and functioned successfully since 2016, maybe earlier.

-smart contracts

-BEST THING ABOUT IT. You can hold it securely in a wallet and vote for a delegate and currently recieve 19% APR in the form of gas. No sending your coins to a scam site, you can rest assured that they are safe while generating 19% APR!!!!! People in the stock market are chasing 6%

I’m a massive bitcoin maxi, but after this next bull run I’m thinking of selling a portion of BTC to live off the passive income.

Also NEO was $200 in 2018, and over $100 in 2021. It’s undervalued right now at $14.

Anybody else feel the same about this Cinderella?

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The original was posted on /r/cryptocurrency by /u/Zombie4141 on 2023-12-30 20:32:55+00:00.

I know I’m out of touch. Stopped investing in crypto in 2017. But one of my favorite projects was NEO. Well back then it was called Antshares.

The things I love about it are simple.

-Finite supply. 100 million tokens are all that will ever been made.

-It’s been around and functioned successfully since 2016, maybe earlier.

-smart contracts

-BEST THING ABOUT IT. You can hold it securely in a wallet and vote for a delegate and currently recieve 19% APR in the form of gas. No sending your coins to a scam site, you can rest assured that they are safe while generating 19% APR!!!!! People in the stock market are chasing 6%

I’m a massive bitcoin maxi, but after this next bull run I’m thinking of selling a portion of BTC to live off the passive income.

Also NEO was $200 in 2018, and over $100 in 2021. It’s undervalued right now at $14.

Anybody else feel the same about this Cinderella?

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The original was posted on /r/cryptocurrency by /u/LazyJury on 2023-12-30 20:00:57+00:00.

Rosen Bridge is LIVE - app.rosen.tech

The UI to Rosen Bridge has been enabled, allowing public cross-chain liquidity transfers between Ergo and Cardano for an initial subset of assets:

▪️ADA ▪️ERG ▪️RSN ▪️SigUSD ▪️SigRSV

The first of many bridges and assets to come!

Rosen is an Ergo-centric bridge fortified with multi-layered security protection. In the initial layer, Watchers monitor network activities and report valid bridge-related events to the subsequent layer, Guards. These Guards then carefully process the reported events and execute required actions. In brief, Guards are dedicated to security maintenance and executing responses, while Watchers are focused on the ongoing monitoring of activities and transparent reporting.

This is an automated archive.

The original was posted on /r/cryptocurrency by /u/LazyJury on 2023-12-30 20:00:57+00:00.

Rosen Bridge is LIVE - app.rosen.tech

The UI to Rosen Bridge has been enabled, allowing public cross-chain liquidity transfers between Ergo and Cardano for an initial subset of assets:

▪️ADA ▪️ERG ▪️RSN ▪️SigUSD ▪️SigRSV

The first of many bridges and assets to come!

Rosen is an Ergo-centric bridge fortified with multi-layered security protection. In the initial layer, Watchers monitor network activities and report valid bridge-related events to the subsequent layer, Guards. These Guards then carefully process the reported events and execute required actions. In brief, Guards are dedicated to security maintenance and executing responses, while Watchers are focused on the ongoing monitoring of activities and transparent reporting.