Cryptocurrency News & Discussion

This is an automated archive.

The original was posted on /r/cryptocurrency by /u/normcrypto on 2023-12-15 21:47:01+00:00.

This is an automated archive.

The original was posted on /r/cryptocurrency by /u/normcrypto on 2023-12-15 21:47:01+00:00.

This is an automated archive.

The original was posted on /r/cryptocurrency by /u/GunnDawg on 2023-12-15 20:20:21+00:00.

I'm DCA'ing in every other paycheck like clock work. Money shows up, and a deposit into my crypto wallet is made. DCA'ing means staying consistent and not trying to time the market right? Every single time I make my monthly purchase, the dang price starts going down. Like 10mins after after buying my lump of monthly BTC, the price drops $800.

I'm not worried, all part of the cycle and the game. It will eventually come back up, and likely fall again. But dang what a gut punch feeling you get when it does that! Surely I'm not the only one.

I'm not complaining, crying, or whatever. Just making an observation. If I buy BTC, price drops down over the next 24h :(

P.S. Yes I'm new here if you can't tell XD

This is an automated archive.

The original was posted on /r/cryptocurrency by /u/GunnDawg on 2023-12-15 20:20:21+00:00.

I'm DCA'ing in every other paycheck like clock work. Money shows up, and a deposit into my crypto wallet is made. DCA'ing means staying consistent and not trying to time the market right? Every single time I make my monthly purchase, the dang price starts going down. Like 10mins after after buying my lump of monthly BTC, the price drops $800.

I'm not worried, all part of the cycle and the game. It will eventually come back up, and likely fall again. But dang what a gut punch feeling you get when it does that! Surely I'm not the only one.

I'm not complaining, crying, or whatever. Just making an observation. If I buy BTC, price drops down over the next 24h :(

P.S. Yes I'm new here if you can't tell XD

This is an automated archive.

The original was posted on /r/cryptocurrency by /u/JustStopppingBye on 2023-12-15 19:32:25+00:00.

Chainlink has been with polygon ecosystem side-by-side ever since Matic Network became Polygon in Feb. 2021. And what a journey it has been for both communities! On Polygon PoS, Chainlink is now used by the largest protocols like Aave and Gains and secures 85-90% of the available liquidity. With Chainlink Data Feeds on Polygon zkEVM, it is the start of a new era. The combination of Chainlink’s industry-leading data solution and the Polygon zkEVM’s ZK Rollup superpowers will be a game changer for DeFi, making a whole new class of advanced DeFi applications possible.

Take tokenized real world assets (RWAs), for example. There are trillions of dollars that are poised to move onchain, and Chainlink’s CCIP will be the connection between the DeFi economy and the emerging bank blockchain ecosystem. CCIP is already being explored by some of the world’s largest financial institutions and market infrastructures like Swift, DTCC, ANZ, and more. So thankful to both teams for making this happen. This is one more amazing thing to look forward to in 2024

When did you find out that every major platform/protocol uses chainlink in some way?

This is an automated archive.

The original was posted on /r/cryptocurrency by /u/JustStopppingBye on 2023-12-15 19:32:25+00:00.

Chainlink has been with polygon ecosystem side-by-side ever since Matic Network became Polygon in Feb. 2021. And what a journey it has been for both communities! On Polygon PoS, Chainlink is now used by the largest protocols like Aave and Gains and secures 85-90% of the available liquidity. With Chainlink Data Feeds on Polygon zkEVM, it is the start of a new era. The combination of Chainlink’s industry-leading data solution and the Polygon zkEVM’s ZK Rollup superpowers will be a game changer for DeFi, making a whole new class of advanced DeFi applications possible.

Take tokenized real world assets (RWAs), for example. There are trillions of dollars that are poised to move onchain, and Chainlink’s CCIP will be the connection between the DeFi economy and the emerging bank blockchain ecosystem. CCIP is already being explored by some of the world’s largest financial institutions and market infrastructures like Swift, DTCC, ANZ, and more. So thankful to both teams for making this happen. This is one more amazing thing to look forward to in 2024

When did you find out that every major platform/protocol uses chainlink in some way?

This is an automated archive.

The original was posted on /r/cryptocurrency by /u/larry7220 on 2023-12-15 18:03:41+00:00.

Which exchanges are you guys using to trade crypto altcoins with margin leverage from within the US? Binance does not offer this for US, Kucoin is KYC and does not allow US, Bybit is KYC, Kraken only allows margin for ECP verified members with 10 million is portfolio assets, Coinbase is too mainstream, has high fees, and would prefer to stay away from them. Is there any advanced trading platforms that offer similar trading features like Kucoin, Binance, Bybit? I know DyDx is supposedly good but I haven’t tried VPN on it. BTCC.com is sketch. MEXC is on the verge of collapse.

This is an automated archive.

The original was posted on /r/cryptocurrency by /u/diarpiiiii on 2023-12-15 17:24:56+00:00.

This is an automated archive.

The original was posted on /r/cryptocurrency by /u/diarpiiiii on 2023-12-15 17:24:56+00:00.

This is an automated archive.

The original was posted on /r/cryptocurrency by /u/BigTanVan05 on 2023-12-15 17:16:55+00:00.

I analyzed years worth of daily Bitcoin price data, and created daily indices (30D smoothed) based on the halving periods. This is a method used in many retail demand planning/ forecasting systems...when applied to a cryptocurrency like bitcoin, we can understand the price over time in relation to the average for the observed period. The goal is to estimate the average, and understand when the price fluctuates in relation to the average. I would love thoughts, comments, and feedback on this approach.

Image of normalized price based on halving periods, as well as average prices for each halving:

Observations after looking at the updated BTC price data crafted to an index:

• Every halving cycle, the variability of price to the average is reduced (Peak of almost 4, almost 2.5, 2.5, 2)
• Every halving cycle, the starting price of the cycle is less than half of the average price for the halving cycle
• We've seen a peak or high point somewhere between 200 and 700 days since the halving, we see a a dip in the middle of the cycle and then a run up in price again to the end
• The average price for each halving is increasing exponentially, at a deteriorated rate. If we see deterioration of the exponential growth around 1.5, We'll see an average price growth for the next halving at 300%, pointing to a $100k average for 2024 - 2028

This is an automated archive.

The original was posted on /r/cryptocurrency by /u/BigTanVan05 on 2023-12-15 17:16:55+00:00.

I analyzed years worth of daily Bitcoin price data, and created daily indices (30D smoothed) based on the halving periods. This is a method used in many retail demand planning/ forecasting systems...when applied to a cryptocurrency like bitcoin, we can understand the price over time in relation to the average for the observed period. The goal is to estimate the average, and understand when the price fluctuates in relation to the average. I would love thoughts, comments, and feedback on this approach.

Image of normalized price based on halving periods, as well as average prices for each halving:

Observations after looking at the updated BTC price data crafted to an index:

• Every halving cycle, the variability of price to the average is reduced (Peak of almost 4, almost 2.5, 2.5, 2)
• Every halving cycle, the starting price of the cycle is less than half of the average price for the halving cycle
• We've seen a peak or high point somewhere between 200 and 700 days since the halving, we see a a dip in the middle of the cycle and then a run up in price again to the end
• The average price for each halving is increasing exponentially, at a deteriorated rate. If we see deterioration of the exponential growth around 1.5, We'll see an average price growth for the next halving at 300%, pointing to a $100k average for 2024 - 2028

This is an automated archive.

The original was posted on /r/cryptocurrency by /u/TacoBond on 2023-12-15 17:14:38+00:00.

This is an automated archive.

The original was posted on /r/cryptocurrency by /u/TacoBond on 2023-12-15 17:14:38+00:00.

This is an automated archive.

The original was posted on /r/cryptocurrency by /u/WhatAmIdoingHere9839 on 2023-12-15 17:04:41+00:00.

Hi everyone,

I recently attempted to transfer DFI (from dBTC conversion) to my KuCoin account and ran into some issues.

After clicking on "Deposit Crypto" on KuCoin, I was presented with two network options:

1. ERC20
2. DeFi Chain Network.

I tried transferring small amounts of DFI via both networks to see if it would work. Specifically, I sent 50 DFI (worth about $8) and then

100 DFI (worth about $15) from my DeFi wallet. It's been over an hour, and nothing has shown up in my KuCoin account.

I'm a bit stumped here. What could I be doing wrong?

Also, is there another way to convert dBTC into Bitcoin that might be more straightforward? I thought I could swap my dfi to BTC on kucoin then.

Any advice would be greatly appreciated!

Thanks in advance!

This is an automated archive.

The original was posted on /r/cryptocurrency by /u/WhatAmIdoingHere9839 on 2023-12-15 17:04:41+00:00.

Hi everyone,

I recently attempted to transfer DFI (from dBTC conversion) to my KuCoin account and ran into some issues.

After clicking on "Deposit Crypto" on KuCoin, I was presented with two network options:

1. ERC20
2. DeFi Chain Network.

I tried transferring small amounts of DFI via both networks to see if it would work. Specifically, I sent 50 DFI (worth about $8) and then

100 DFI (worth about $15) from my DeFi wallet. It's been over an hour, and nothing has shown up in my KuCoin account.

I'm a bit stumped here. What could I be doing wrong?

Also, is there another way to convert dBTC into Bitcoin that might be more straightforward? I thought I could swap my dfi to BTC on kucoin then.

Any advice would be greatly appreciated!

Thanks in advance!

This is an automated archive.

The original was posted on /r/cryptocurrency by /u/cannainform2 on 2023-12-15 16:42:26+00:00.

This is an automated archive.

The original was posted on /r/cryptocurrency by /u/cannainform2 on 2023-12-15 16:42:26+00:00.

This is an automated archive.

The original was posted on /r/cryptocurrency by /u/cointelegraph1 on 2023-12-15 13:50:12+00:00.

The United Kingdom’s financial regulator, the Financial Conduct Authority (FCA), has vigorously promoted its marketing rules for crypto firms since their publication in June. And it’s now found a way to bring them to life as a pixelated Wild West cartoon to enlighten investors. 

The cartoon explains how to judge whether crypto companies play by the FCA’s marketing rules. Under the rules, crypto promo campaigns are not allowed to propose free gifts or referral bonuses, and they must display a prominent warning about the risk of losing money when investing in crypto.

Screenshot of the cartoon on the FCA’s website. Source: FCA

As the narrator voices the rules, the cartoon protagonist, wearing a cowboy hat, rides on a horse through the Wild West landscape. Crypto appears as a golden coin above a well, dropping into the well directly in front of the investor-cowboy. When she hears the narrator warn about companies not complying with the FCA’s marketing rules, she hangs up a “Wanted” poster with a green snake’s face on it. The snake also wears a tiny hat.

Screenshot of the cartoon on the FCA’s website. Source: FCA

The FCA representative revealed that the video is a part of InvestSmart campaign for consumers. 

This is an automated archive.

The original was posted on /r/cryptocurrency by /u/cointelegraph1 on 2023-12-15 13:50:12+00:00.

The United Kingdom’s financial regulator, the Financial Conduct Authority (FCA), has vigorously promoted its marketing rules for crypto firms since their publication in June. And it’s now found a way to bring them to life as a pixelated Wild West cartoon to enlighten investors. 

The cartoon explains how to judge whether crypto companies play by the FCA’s marketing rules. Under the rules, crypto promo campaigns are not allowed to propose free gifts or referral bonuses, and they must display a prominent warning about the risk of losing money when investing in crypto.

Screenshot of the cartoon on the FCA’s website. Source: FCA

As the narrator voices the rules, the cartoon protagonist, wearing a cowboy hat, rides on a horse through the Wild West landscape. Crypto appears as a golden coin above a well, dropping into the well directly in front of the investor-cowboy. When she hears the narrator warn about companies not complying with the FCA’s marketing rules, she hangs up a “Wanted” poster with a green snake’s face on it. The snake also wears a tiny hat.

Screenshot of the cartoon on the FCA’s website. Source: FCA

The FCA representative revealed that the video is a part of InvestSmart campaign for consumers. 

This is an automated archive.

The original was posted on /r/cryptocurrency by /u/cointelegraph1 on 2023-12-15 13:42:25+00:00.

This is an automated archive.

The original was posted on /r/cryptocurrency by /u/cointelegraph1 on 2023-12-15 13:42:25+00:00.

This is an automated archive.

The original was posted on /r/cryptocurrency by /u/Electrical_Tension on 2023-12-15 12:54:17+00:00.

This is an automated archive.

The original was posted on /r/cryptocurrency by /u/Electrical_Tension on 2023-12-15 12:54:17+00:00.

This is an automated archive.

The original was posted on /r/cryptocurrency by /u/kirtash93 on 2023-12-15 09:43:59+00:00.

This is an automated archive.

The original was posted on /r/cryptocurrency by /u/UpvoteBeast on 2023-12-15 12:06:12+00:00.

Hey fellow crypto enthusiasts,

I hope this post finds you well. I wanted to share a recent experience I had with Bitget, and it's not a positive one.

Long story short, after taking some profits I decided to withdraw my funds from Bitget, but to my dismay, they've made the process a complete nightmare. Despite numerous attempts and reaching out to their support, I've been met with silence or generic responses that offer no real solutions.

It's disheartening to see a platform that many trusted turn into what feels like a scam. Has anyone else encountered similar issues with Bitget? If so, how did you resolve them? Any advice or insights would be greatly appreciated. Let's look out for each other in this crypto space. Stay safe, everyone.