Cryptocurrency News & Discussion

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The original was posted on /r/cryptocurrency by /u/Electrical_Tension on 2023-12-24 17:18:47+00:00.

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The original was posted on /r/cryptocurrency by /u/Electrical_Tension on 2023-12-24 17:12:30+00:00.

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The original was posted on /r/cryptocurrency by /u/party_doc on 2023-12-24 17:12:23+00:00.

I started purchasing crypto in May 2021. I stuck to ETH and BTC almost exclusively and started out on Binance. After a short time I decided to move to BlockFi and transferred my assets there.

I held and purchased more over time in BlockFi. Of course after FTX BlockFi went bankrupt. After a year or so BlockFi let me withdraw from my Wallet into another Wallet. So I created a transfer in Binance on 11/21/23 - one for ETH and one for BTC.

I performed the transfers and got co formation from the BlockFi end. But the coins never showed up in Binance. So I now have nothing in either my BlockFi nor my Binance wallet. Basically I lost 3.8 ETH and 0.5 BTC, after BlockFi took the transfer fee, but nothing ever showed up.

I know this is lost now. But what the hell happened? Does anyone have any insight? And do I have any recourse (I assume not)?

This is so incredibly frustrating. It’s no wonder crypto is in a limbo and I see why some think it never will pick up. While this may by my own fault it really shouldn’t have been this difficult to make a transfer.

Thanks for reading and for any advice you can give me

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The original was posted on /r/cryptocurrency by /u/Lokiee0077 on 2023-12-24 16:46:11+00:00.

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The original was posted on /r/cryptocurrency by /u/mike-es6 on 2023-12-24 16:22:52+00:00.

Everyone seems to be expecting a Bitcoin ETF decision in January, between the 5th and the 10th. My question is what happens to the Alts, in this case, everything except BTC, ETH, and the stablecoins.

I see a few different scenarios:

• ETFs approved (starting date some time later) and BTC pumps (front running the start date), at least for a while. In this case, BTC sucks fiat value out of the ALTs, and the ALTs fall significantly.
• ETFs approved (starting date some time later) and BTC falls (sell the news event), again at least for a while. In this case, ALTs dump harder, because that is always the way it is.
• ETFs deferred. This is more difficult to call, but I cannot see how it would cause the ALTs to rise.
• ETFs denied. BTC price dumps hard (likely to recover later because it is just business as usual and too may people BTFD), ALTs dump even harder, again because that is always the way it is.

So it seems to me that either ALTs do nothing in response, or they fall: there is no scenario in which they pump.

If this is right, then I might be inclined to sell my ALTs (none of which are real s**t coins, so I'd expect normal service to resume later) and buy back a little later? What do other people thing, I'd like to see other opinions.

Also, please ignore tax implications, these vary from place to place and we don't all live in the US-of-A :)

Thanks.

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The original was posted on /r/cryptocurrency by /u/TwoCapybarasInACoat on 2023-12-24 16:02:55+00:00.

I do a lot of experimenting, and there's also airdrop hunting. No matter what you do, you will leave small amounts of money in wallets on various chains that you may not use anymore.

For example, I still have $3.5 in ETH on Polygon Zkevm, some USD on ZkSync, $2.20 on Scroll... None of these tokens can be bridged to a chain I'm still using (bridges have limits), nor can I use these tokens for anything - or can I?

P2P trading on OKX is not available in Germany. I didn't find ways to donate on these chains either. Do you guys have an idea what to do with this stuff? Or does anyone need ETH on zkevm and can trade it for a few CONE, BONE or MOON? Are there open P2P projects?

Your ideas are very much appreciated :)

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The original was posted on /r/cryptocurrency by /u/losttraveler36 on 2023-12-24 15:40:03+00:00.

Getting straight to the point, the ETH L2 narrative seems to be one of the most practical for any big company that wants to use some sort of NFT for a project. In fact a lot of major companies have ALREADY done this, including Reddit. So why aren’t the shillfluencers talking about Matic as much as other projects? Also, considering that the majority of the supply is already in circulation, unlike its competitors.

Is this a looks left while they go right type of deal? Or did something major/negative happen to shake the confidence/ momentum that polygon Matic has built?

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The original was posted on /r/cryptocurrency by /u/J-96788-EU on 2023-12-24 14:51:33+00:00.

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The original was posted on /r/cryptocurrency by /u/J-96788-EU on 2023-12-24 14:51:33+00:00.

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The original was posted on /r/cryptocurrency by /u/FitScore3115 on 2023-12-24 14:01:04+00:00.

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The original was posted on /r/cryptocurrency by /u/FitScore3115 on 2023-12-24 14:01:04+00:00.

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The original was posted on /r/cryptocurrency by /u/Blocks_and_Chains on 2023-12-24 11:11:25+00:00.

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The original was posted on /r/cryptocurrency by /u/No_Breadfruit_3517 on 2023-12-24 12:52:47+00:00.

MSTR borrows money at 0% interest and buys BTC every quarter. When companies like MSTR buy and HODL, the price usually goes up.

1. BTCs Spiral: When price goes up, MSTR share price goes up. When share price goes up, unrealized gain goes up, No margin call at all - instead MSTR borrows more money and buys Bitcoin. Bitcoin price goes up. This is like a spiral that can end up in an exponential function.
2. Miners are selling everyday: Only reason BTC isn't going exponential is because miners are selling daily at Spot price. Miners are now making 2X the amount as compared to what they made a year back. Why would they not sell and make 2X revenue? That's why miners stock price goes 3X when BTC price goes 2X.

Conclusion: Companies like MSTR and Mining company stocks make you more money that BTC itself if you can buy at the start of bull run.

If there is sudden price drop, Companies like MSTR and Mining companies plunge more than price of BTC itself.

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The original was posted on /r/cryptocurrency by /u/drjacks on 2023-12-24 12:25:26+00:00.

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

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The original was posted on /r/cryptocurrency by /u/Perfect_Ability_1190 on 2023-12-24 12:00:26+00:00.

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The original was posted on /r/cryptocurrency by /u/DazziXxX on 2023-12-24 11:09:58+00:00.

So, crypto's been a rollercoaster, right? Wondering how everyone's feeling about it lately. Are you feeling super bullish, cautiously optimistic, or just riding the waves?

I'm totally intrigued by the diversity out there! Which tokens or cryptos are getting your attention? Maybe you've got some favorites because of tech, potential, or just a cool community vibe. Are you all about the OGs like Bitcoin and Ethereum, or have you discovered some under-the-radar gems that you think are about to explode?

Personally, I'm checking out a few projects, but I'm here for the lowdown from this awesome community. Let's swap ideas and see what's buzzing! Who knows, you might just drop the next big tip or share something awesome that others haven't caught onto yet!

No pressure, just friendly sharing! Can't wait to hear your thoughts! 🌟🚀💬

Remember, this isn't financial advice—just a cool chat about crypto!

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The original was posted on /r/cryptocurrency by /u/ibbe6242 on 2023-12-24 08:24:23+00:00.

In times like these, misinformation and rumors are common occurrence in every bull run, as I've experienced over the years. It's crucial to conduct thorough research before reacting, especially when it involves your finances. With ETFs, Solana, and meme explosions swirling around, rumors have a way of influencing investment decisions. Seize this opportunity to make well-informed choices and potentially achieve life-changing profits. Cryptocurrency is a permanent fixture, creating millionaires daily. I came across a post today about someone becoming a Solana millionaire for the first time. Stay focused and adhere to your strategy, one day it’ll be your turn to post it.

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The original was posted on /r/cryptocurrency by /u/ibbe6242 on 2023-12-24 08:24:23+00:00.

In times like these, misinformation and rumors are common occurrence in every bull run, as I've experienced over the years. It's crucial to conduct thorough research before reacting, especially when it involves your finances. With ETFs, Solana, and meme explosions swirling around, rumors have a way of influencing investment decisions. Seize this opportunity to make well-informed choices and potentially achieve life-changing profits. Cryptocurrency is a permanent fixture, creating millionaires daily. I came across a post today about someone becoming a Solana millionaire for the first time. Stay focused and adhere to your strategy, one day it’ll be your turn to post it.

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The original was posted on /r/cryptocurrency by /u/Pandorica00 on 2023-12-24 07:40:08+00:00.

Hello everyone

First of all I want to start this thread by wishing all of you a merry Christmas and all the best for the year to come !

I’m not all new in the crypto world (started in 2021 right before the good times started and managed to exit with a lot of profit which allowed me to kind of start a new life (so I was really happy about it) but then I didn’t look into crypto for a while….

Now, 2024 is coming and I’m planning on saving on midterm (thinking 3-5 years) and I was thinking about using Binance Auto Invest and use the top 10 to transfer $100 (split in 10% each) to just DCA through the year

Do you think it would be a good idea to do so without stressing to much ? Or do you have any other suggestions?

Thanks to all of you that will take the time to answer

Have a great day:)

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The original was posted on /r/cryptocurrency by /u/Pandorica00 on 2023-12-24 07:40:08+00:00.

Hello everyone

First of all I want to start this thread by wishing all of you a merry Christmas and all the best for the year to come !

I’m not all new in the crypto world (started in 2021 right before the good times started and managed to exit with a lot of profit which allowed me to kind of start a new life (so I was really happy about it) but then I didn’t look into crypto for a while….

Now, 2024 is coming and I’m planning on saving on midterm (thinking 3-5 years) and I was thinking about using Binance Auto Invest and use the top 10 to transfer $100 (split in 10% each) to just DCA through the year

Do you think it would be a good idea to do so without stressing to much ? Or do you have any other suggestions?

Thanks to all of you that will take the time to answer

Have a great day:)

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The original was posted on /r/cryptocurrency by /u/FitScore3115 on 2023-12-24 07:10:53+00:00.

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The original was posted on /r/cryptocurrency by /u/FitScore3115 on 2023-12-24 07:10:53+00:00.

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The original was posted on /r/cryptocurrency by /u/Afrin_Drip on 2023-12-24 07:07:53+00:00.

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The original was posted on /r/cryptocurrency by /u/Afrin_Drip on 2023-12-24 07:07:53+00:00.