Cryptocurrency News & Discussion

This is an automated archive.

The original was posted on /r/cryptocurrency by /u/RattyDAVE on 2023-12-22 17:06:09+00:00.

This is an automated archive.

The original was posted on /r/cryptocurrency by /u/serejandmyself on 2023-12-22 16:27:50+00:00.

This is an automated archive.

The original was posted on /r/cryptocurrency by /u/Perfect_Ability_1190 on 2023-12-22 16:15:24+00:00.

This is an automated archive.

The original was posted on /r/cryptocurrency by /u/Perfect_Ability_1190 on 2023-12-22 16:15:24+00:00.

This is an automated archive.

The original was posted on /r/cryptocurrency by /u/PM_ME_UR_DICK_GURLZ on 2023-12-22 15:40:19+00:00.

This is an automated archive.

The original was posted on /r/cryptocurrency by /u/PM_ME_UR_DICK_GURLZ on 2023-12-22 15:40:19+00:00.

This is an automated archive.

The original was posted on /r/cryptocurrency by /u/misunderstoodR on 2023-12-22 15:19:20+00:00.

Has anyone had any bad experiences with FixedFloat? I have used them for months but the one time I try to exchange a large amount of BTC, they place my swap on hold and flag it as fraudulent. I have sent them an email with some proof the funds were gotten legitimately but I’m afraid they won’t release this.

I had a look online and can see someone else had a similar experience and it doesn’t seem like they got their funds back.

It’s confusing but the BTC I have has been purchased over a period of years. It has added to well above 1BTC. Anyone got some advice as I’m really panicking rn.

This is an automated archive.

The original was posted on /r/cryptocurrency by /u/Perfect_Ability_1190 on 2023-12-22 14:41:22+00:00.

This is an automated archive.

The original was posted on /r/cryptocurrency by /u/drjacks on 2023-12-22 14:20:54+00:00.

This is an automated archive.

The original was posted on /r/cryptocurrency by /u/cointelegraph1 on 2023-12-22 14:16:27+00:00.

This is an automated archive.

The original was posted on /r/cryptocurrency by /u/cointelegraph1 on 2023-12-22 13:59:29+00:00.

This is an automated archive.

The original was posted on /r/cryptocurrency by /u/trollingguru on 2023-12-22 13:38:33+00:00.

Finance 2.0 is coming just maybe not in the way people think.

A lot of the crap coins didn’t pan out as people hoped the business ideas failed A lot of them turned out to be scams.

Like blockchain technology or doesn’t really provide a lot of innovation because it’s doesn’t provide a better alternative to the current technology. Transparency is the only Benefit

Also its slower and cumbersome. And generate high fees.

maybe chain link is innovative

The web 3 is great in theory. But paying tokens to use apps just seems weird. And who is really gonna host server space as a normal joe. Most people just aren’t that tech savvy. P2P worked with Napster and lime wire, but the software was automatically hosting the files on your computer.

So how is this the future?

Well every government in the world are all in lockstep to upgrade money. They plan on implementing cbdcs or stable coins into their society. To Give’s government ultimate control of the economy.

Why?

(Notice below is boring economic technical knowledge)

And obviously a dollar based system is a burden for the us and other countries. Mostly because most global debt and foreign exchange is transacted in dollars. And creates exchange rate issues when dollar strength goes up. Or the fed makes policy decisions to protect the us and drains dollar liquidity a floating exchange rate make smaller countries currency unstable they have to pay more local currency to buy imports and creates massive inflation

Example Argentina inflation is over 100%

(Notice below is more boring economic technical knowledge)

Bitcoin is an obvious replacement for a return back to a gold standard or a fixed exchange rate. It is poised to become the worlds reserve currency which just means it will be a large portion of fx reserves in central banks. Digital gold!l This is just mostly for trade surplus and trade deficits as it makes it difficult to get an unfair advantage in trade. (Think of it as a trade balancer)

For example china weakens it’s currency to be able to export more goods unfairly to the us. Which kills us manufacturing. Ok enough Econ for today! I hope your still awake

Conclusion

To conclude my writing, the hope and promise of crypto was mostly hype. I have no idea when we will have this crypto revolution.it seems like a lot more work is needed in development. Hopefully it will end this old toxic system sooner rather then later

This is an automated archive.

The original was posted on /r/cryptocurrency by /u/Blocks_and_Chains on 2023-12-22 12:14:09+00:00.

This is an automated archive.

The original was posted on /r/cryptocurrency by /u/itsnaderi on 2023-12-22 11:52:42+00:00.

This is an automated archive.

The original was posted on /r/cryptocurrency by /u/jam-hay on 2023-12-22 11:08:30+00:00.

Next month Bitcoin will be 15 years old and may see the dawn of of the likes of BlackRock listing a spot Bitcoin ETF.

The world's largest financial media outlet Bloomberg has it's own Crypto show. One of the worlds largest fintech companies PayPal supports crypto and the last goes on.

More pro-bitcoin Politicians are being elected and guiding their counties in to a pro-bitcoin era.

As we've seen in the recent Greyscale Vs SEC case, even the judicial system has come down in favor of BTC.

Today the reality we live was all but a distant fantastical dream to the Bitcoin Dev's and BitcoinTalk forum participants from over a decade ago.

Over the years Bitcoiners have been wrongly and disproportionately attacked by the financial media and governments labelled as scammers, Ponzi schemers, drug abusers, tax evaders etc etc

Now these days the same institutions are more commonly found trying to profit from Bitcoin coverage or taxation!

Bitcoin world be nothing without the early developers, pioneers, risk takers and adopters.

The other reality is that for future generations Bitcoin will never be anything without all of us here and now.

We have been gifted a moment in history to return decentralized empowerment to every individual and unite the world.

I suggest we follow in the same footsteps from the shoulders of the giants we stand and continue to do so with liberty, generosity freedom & kindness.

Merry Christmas r/cryptocurrency and all the very best for 2024.

This is an automated archive.

The original was posted on /r/cryptocurrency by /u/Fantastic-Ad548 on 2023-12-22 10:54:22+00:00.

This is an automated archive.

The original was posted on /r/cryptocurrency by /u/Dennis-Isaac on 2023-12-22 10:23:27+00:00.

We often hear that it’s the user’s responsibility to keep their assets safe. However, even tech-savvy individuals struggle with the current interfaces. Currently even a simple error like misentering a wallet address can have devastating financial consequences without even a warning. and the constant threat of scams and malware only adds to the risk.

Are we unfairly expecting too much from users in terms of navigating these complex systems?

We need to focus on creating systems that are not only secure but also intuitive and user-friendly. The current state, where users are thrust into a high-stakes environment with minimal guidance, sounds scary. UX in crypto is maybe a necessity to prevent chaos and protect users.

What is your opinion about this?

This is an automated archive.

The original was posted on /r/cryptocurrency by /u/StylizedPortfolio on 2023-12-22 10:05:17+00:00.

It is almost looking like SEC is favoring the cash redemption model for potential approval of BTC spot ETF. Now, what makes you think that this would cause a new bull run in the crypto market.

Here are some of my thoughts

1. There would be an easy way for individual investors to gain exposure to crypto but majority of folks who are already interested in the space are holding BTC on their wallets or buying through apps like coinbase / RH etc.
2. Given that this is a cash redemption model, this would discourage investors whose main purpose is to own BTC in their wallets (cold storage)
3. Institutional investors would not immediately enter the market as they are not comfortable owning asset like BTC which is highly volatile because the whales can move the market as per their wish.
4. In the cash redemption model, its the issuer (via custodian) that would ultimately be holding BTC on their balance sheet. Isn't this going to cause more concentrated positions at fewer entities ?
5. Till now whales were able to manipulate the price as they held large positions but with as more people start taking a position this would lead to better price discovery and liquidity and we might even see lower prices ?

And finally even if all the above points are negated and there is a good possibility of new investors buying spot BTC etf just like gold or real estate etfs, what makes you think this is not already priced in ?

This is an automated archive.

The original was posted on /r/cryptocurrency by /u/StylizedPortfolio on 2023-12-22 10:05:17+00:00.

It is almost looking like SEC is favoring the cash redemption model for potential approval of BTC spot ETF. Now, what makes you think that this would cause a new bull run in the crypto market.

Here are some of my thoughts

1. There would be an easy way for individual investors to gain exposure to crypto but majority of folks who are already interested in the space are holding BTC on their wallets or buying through apps like coinbase / RH etc.
2. Given that this is a cash redemption model, this would discourage investors whose main purpose is to own BTC in their wallets (cold storage)
3. Institutional investors would not immediately enter the market as they are not comfortable owning asset like BTC which is highly volatile because the whales can move the market as per their wish.
4. In the cash redemption model, its the issuer (via custodian) that would ultimately be holding BTC on their balance sheet. Isn't this going to cause more concentrated positions at fewer entities ?
5. Till now whales were able to manipulate the price as they held large positions but with as more people start taking a position this would lead to better price discovery and liquidity and we might even see lower prices ?

And finally even if all the above points are negated and there is a good possibility of new investors buying spot BTC etf just like gold or real estate etfs, what makes you think this is not already priced in ?

This is an automated archive.

The original was posted on /r/cryptocurrency by /u/Comfortable-Lie-1973 on 2023-12-22 09:58:32+00:00.

Yugioh is strange these days. A guy is willing to pay high prices for a card that retains no value in the mid-long run. As usually, these "money cards" get reprinted fast because the company sees that they messed up with the ability of people bying new products again and again.

But this time... It got more personal.

So, imagine that you live in a country that you either buy 2 months-worth of groceries for a family of 4 or buy 2 yugioh cards?

I guess that the card lasts longer than 2 months.

This is an automated archive.

The original was posted on /r/cryptocurrency by /u/WineMakerBg on 2023-12-22 08:36:32+00:00.

Last thing that made me realize the end of Santa Rally is nearly over is a headline I just saw. "It's Meme Coins Season".

We all know how a rally takes place.

1. First it is the OG the one to lead with a strong pump. Checked.
2. Second, the major alts, lead by ETH rally. Checked.
3. Minor alts (ALGO included, no offense, bag holder here) rally. Checked
4. Shit(Meme) coins rally. Happening as we speak.

So pack you bags and sell at least 1/3 before correction takes place.

Additional hint: Cryptoball style commercials start to appear.

What do you think?

This is an automated archive.

The original was posted on /r/cryptocurrency by /u/PracticalFerret1 on 2023-12-22 08:26:08+00:00.

I understand that the ETF may be imminent, that there has been a lot of significant movement recently and that this is a 24/7/365 market which is to some extent making its own rules but it would be interesting to know what the concensus is in this sub. Do people even take time out over the holiday season? Hell, are you people going to be on here knowing shit about fuck during your Christmas dinner, buying meme coins while trying to explain Monkeyhaircut to family members who immediately regret asking?! I mean, I'm not saying I won't be sneaking a look at what's happening in the market myself but I just cannot see myself actually trading.

So what do you think? Could previous holidays be any guide to Bitcoin price or does it 'feel different' this time?

This is an automated archive.

The original was posted on /r/cryptocurrency by /u/fap_fap_fap_fapper on 2023-12-22 08:17:47+00:00.

This is an automated archive.

The original was posted on /r/cryptocurrency by /u/strawberry2nd on 2023-12-22 08:17:06+00:00.

Greetings first of all, I have been researching about these two and they have been hovering around the same prices for a long time, I will prefer one of them as they are a little bit safer altcoins compared to others but I am undecided which one has a better chance of reaching ATH ~$3.

In the previous bull run, we witnessed ADA breaking ATH and is now very close to its 1-year high, while on the other side, XRP has largely recovered from the lawsuit pressure (not 100%) but is still well off its yearly high.

But I feel like XRP's potential pump rate is higher (news of things like the 100% lawsuit settlement, Ripple swift, XRP spot etf, etc.)

I am open to all kinds of opinions and I'll read them all (except for recommending coins other than these two because I already have different investments), thanks in advance.

This is an automated archive.

The original was posted on /r/cryptocurrency by /u/wazzupbich on 2023-12-22 07:52:34+00:00.

So they are already pumping millions into crypto and prob billions over the next years don’t you think they gonna analyze every single comment and sentiment change like right now with Solana?

The foundation of the big player business is obviously data so they gonna farm and analyze every single comment you guys post here maybe it’s not such a bad thing to be aware of that.

And since the institutions or their Ai systems has been here already why are we not greeting them all politely in the comments :)

After all they gonna pump our bags lol