Cryptocurrency News & Discussion

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The original was posted on /r/cryptocurrency by /u/FitScore3115 on 2023-12-21 18:30:42+00:00.

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The original was posted on /r/cryptocurrency by /u/Inbeforetheclose1234 on 2023-12-21 20:46:16+00:00.

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The original was posted on /r/cryptocurrency by /u/martinvox on 2023-12-21 17:44:45+00:00.

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The original was posted on /r/cryptocurrency by /u/ucmecheng on 2023-12-21 20:38:56+00:00.

Hello, I participated in the INX token sale back in 2020. The tokens got delivered to a TokenSoft account after which I logged into and verified the the tokens had been delivered. I downloaded a pdf with the seed phrases required to reset my TokenSoft account password, the public key, and the 24 word seed phrase for private key.

I have since tried to log into the TokenSoft account and no password works, and using the password reset with the seed phrase from the pdf also does not work. "Incorrect seed phrase".

I have tried importing the wallet using the 24 word seed phrase to Metamask, and have been successful importing _something_ into MetaMask with the 24 words, but my INX tokens do not show up there (even after I add them as a custom token). The public address listed on the imported MetaMask account does not match the public address on my TokenSoft account.

Is there something I'm doing wrong here? The public address with the tokens is 0x32bf6420e5463613b9ace6993fbc2612f26e5452

Also, scammers, dont bother trying to get me to give my creds!

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The original was posted on /r/cryptocurrency by /u/Professional-Time-50 on 2023-12-21 19:40:49+00:00.

SO here is a prediction that I would like to put on the record. Its just my opinion and not a financial advise so don't get too excited. I was expecting a reasonable 30-50% price correction for BTC and Alts between now and lets say 8 weeks. It would have been nice and healthy for the market to do so without a huge shock to the investors emotional state and I pray it still happens.

Unfortunately the prices are going ape shit and things might escalate from here. IF they do, BTC is going to around 53k, give or take few grand in next 8 weeks, based on the unreasonable mania that is starting to hit the crypto space. Alts will have what feels like an Alts season and have like we already see 20-50% price increases daily depending on a coin. It will feel like there is no stopping it and nothing but ATH for everyone are just weeks and months away.

Despite that feeling we will come down hard in next few months if things continue like they have been recently. Now that the market is starting to go ape shit and thinking we are on the way to ATHs sooner then before, I revise my prediction from reasonable dip and say we will have a larger correction of 50% BTC and 70% for Alts as a result of the silliness we are witnessing already. Despite the believe that ETFs will change everything, they won't over night and definitely not in first few months of 2024. My only hope from here is that the Holiday Season will slow things down and give us the more reasonable dip I'm hoping for, but if not, the pain is on its way and people will loose their shit.

After the dust clears we will have a great bull run continuation but the effects of the dip will leave a mark and some with PTSD.

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The original was posted on /r/cryptocurrency by /u/Silly-Cloud-3114 on 2023-12-21 19:13:10+00:00.

I see a lot of YouTube videos on crypto arbitrage trading, and they all smell like scams. For one - websites like cardano-trades or aimbitcoin have the same layout, and the same person talking about them on the YouTube channel. And the videos themselves aren't too old - just a few weeks or months.

Second, I have accounts on Coinbase, Kucoin, Bitstamp and a few other exchanges and when I look at them at a glance, I don't see the spread between the buy and sell values across these exchanges being big enough that if I include the transaction fees, I can buy in one and sell in the other and still make a profit.

So all that being said, are there any real arbitrage trading opportunities between reliable/well-known exchanges that any of you have been successful with? If not my current strategy would be to dca buy on something like Cosmos (ATOM) and benefit from the 9.22% APY.

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The original was posted on /r/cryptocurrency by /u/El_Demetrio on 2023-12-21 18:51:18+00:00.

I’m not knowledgeable about how wallet security works, I would appreciate some feedback regarding this issue. You always hear keep your passwords secure etc etc…can’t scammers create password generators to hack into a wallet? if its only 12 words you would think a wallet can be compromised. is there something in the wallets preventing a generator from working? will the wallet lock up after so many wrong tries? If someone tries to hack my wallet and it locks up, if this is the case, will I be able to unlock it? or is this a non issue? please dont just answer with get a cold wallet ledger etc. Im curious how all this security works on hot wallets. thanks in advance for your responses.

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The original was posted on /r/cryptocurrency by /u/FitScore3115 on 2023-12-21 18:30:42+00:00.

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The original was posted on /r/cryptocurrency by /u/excubitor15379 on 2023-12-21 18:13:21+00:00.

Care there's scam positioned on top on google search

Yo Bros i want to warn u. There's a scam site top positioned at google search. If u google for dexscreener its first hit and when u enter it forces u to connect wallet. Don't do it or u get drained i believe. It has typo in www adress. Care!

Care there's scam positioned on top on google search

Yo Bros i want to warn u. There's a scam site top positioned at google search. If u google for dexscreener its first hit and when u enter it forces u to connect wallet. Don't do it or u get drained i believe. It has typo in www adress. Care!

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The original was posted on /r/cryptocurrency by /u/martinvox on 2023-12-21 17:44:45+00:00.

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The original was posted on /r/cryptocurrency by /u/flowers_at_dusk on 2023-12-21 17:39:28+00:00.

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The original was posted on /r/cryptocurrency by /u/cyclicamp on 2023-12-21 17:35:31+00:00.

Feels like we've been seeing more posts recently where people fall victim to scams and hacks. Not looking to open up old wounds here, but I feel like we never hear of the aftermath unless the hack happened to a large company that had a lot of resources to throw at it.

I realize that something like this happening to an individual would probably turn them off from crypto, so there might not be too many victims of thefts that continue to read this subreddit. But I would love to hear some updated stories of anybody willing to share, and maybe get some hope (or maybe a painful reality check) for others currently going through something similar.

Has anyone out there been able to partially or fully recover their crypto or cash equivalent? Or have most people hit dead ends? What routes did you try (law enforcement, private investigators, white-hat hackers, etc.), and were any particularly helpful?

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The original was posted on /r/cryptocurrency by /u/cyclicamp on 2023-12-21 17:35:31+00:00.

Feels like we've been seeing more posts recently where people fall victim to scams and hacks. Not looking to open up old wounds here, but I feel like we never hear of the aftermath unless the hack happened to a large company that had a lot of resources to throw at it.

I realize that something like this happening to an individual would probably turn them off from crypto, so there might not be too many victims of thefts that continue to read this subreddit. But I would love to hear some updated stories of anybody willing to share, and maybe get some hope (or maybe a painful reality check) for others currently going through something similar.

Has anyone out there been able to partially or fully recover their crypto or cash equivalent? Or have most people hit dead ends? What routes did you try (law enforcement, private investigators, white-hat hackers, etc.), and were any particularly helpful?

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The original was posted on /r/cryptocurrency by /u/cointelegraph1 on 2023-12-21 15:17:01+00:00.

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The original was posted on /r/cryptocurrency by /u/drjacks on 2023-12-21 14:27:00+00:00.

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The original was posted on /r/cryptocurrency by /u/Versace__01 on 2023-12-21 13:47:10+00:00.

Let's say a person has $5k in cash they want to invest in crypto (we will just use BTC though for this example).

They open an account and see on the trading platform BTC is worth $4,000. But there is a website that is more up to the second that shows BTC is now at $4,100. You buy the BTC for $4,000 instantly and within a minute it is at $4,100. You sell the BTC because you see on the website is it now down to $4,050.

Someone I know claims they have been doing this for years and they even trade short BTC stuff like BITI using the strategy.

Total BS or an actual hack? I was thinking there is no way this is a thing because then everyone would do it. I also think most platforms (i.e. Robinhood, Coinbase, Binance) have even changed my trading amount a little to reflect the actual cost of the crypto, which is not always what is on the screen so therefor this hack would not work...

Now I can't stop thinking about it lol...

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The original was posted on /r/cryptocurrency by /u/Versace__01 on 2023-12-21 13:47:10+00:00.

Let's say a person has $5k in cash they want to invest in crypto (we will just use BTC though for this example).

They open an account and see on the trading platform BTC is worth $4,000. But there is a website that is more up to the second that shows BTC is now at $4,100. You buy the BTC for $4,000 instantly and within a minute it is at $4,100. You sell the BTC because you see on the website is it now down to $4,050.

Someone I know claims they have been doing this for years and they even trade short BTC stuff like BITI using the strategy.

Total BS or an actual hack? I was thinking there is no way this is a thing because then everyone would do it. I also think most platforms (i.e. Robinhood, Coinbase, Binance) have even changed my trading amount a little to reflect the actual cost of the crypto, which is not always what is on the screen so therefor this hack would not work...

Now I can't stop thinking about it lol...

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The original was posted on /r/cryptocurrency by /u/Omn1Crypto on 2023-12-21 13:40:10+00:00.

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The original was posted on /r/cryptocurrency by /u/Omn1Crypto on 2023-12-21 13:40:10+00:00.

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The original was posted on /r/cryptocurrency by /u/No-Elephant-Dies on 2023-12-21 12:05:26+00:00.

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The original was posted on /r/cryptocurrency by /u/No-Elephant-Dies on 2023-12-21 12:05:26+00:00.

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The original was posted on /r/cryptocurrency by /u/kirtash93 on 2023-12-21 10:15:30+00:00.

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The original was posted on /r/cryptocurrency by /u/kirtash93 on 2023-12-21 10:15:30+00:00.

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The original was posted on /r/cryptocurrency by /u/Sharp_Tank05 on 2023-12-21 00:35:53+00:00.

I am seeing increasingly high volume and intensity of tweets, posts, charts comparing various chains in terms of TVLs, transaction fees, speed and so on across different L1/L2 chains across all ecosystems. While good to see such data to stay up to date on the what is happening in the overall ecosystem, it's disappointing to see the level of thrashing by everyone for "not-their-favorite" chains and claims that their favorite chain will flip the Bitcoin.

There is a whole bunch of crypto influencers on YouTube and twitter who seem to have gotten into a full time job of thrashing crypto chains that they have not put their money in and of course, disproportionately elevate the chains they have put money in.

This level of hatred and clash is not healthy for the ecosystem. Truth be told, we, as a crypto community, are tiny as ant and at this stage, we need more harmony and cohesion than thrashing other chains. One chain is not the enemy of the other but it's those looking at these chains from outside.

So, sincerely hope the sanity and sensibility prevails and people realize that we don't really need to fight with each other, it's the people outside the crypto circle are the ones that we need to unite against and address current gaps.

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The original was posted on /r/cryptocurrency by /u/thinkB4WeSpeak on 2023-12-21 07:05:21+00:00.