Cryptocurrency News & Discussion

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The original was posted on /r/cryptocurrency by /u/nacentaeons on 2023-12-14 18:56:45+00:00.

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Any crypto holder will tell you ‘not your keys not your crypto’ regarding staking on an exchange. There is a storied history showing why this is a bad idea Mt Gox. FTX etc.

Storing crypto on a wallet is considered the gold standard. ‘Be your own bank’.

However the barrier to mass adoption thus far is that deep down the average person doesn’t really want to be their own bank.

That is because people make mistakes. People store their seed phrase online, people OK malicious contracts etc. Ledgers software gets hacked like happened today. People want to be covered in the event that their money is stolen. The average retail investors need the security and insurance a bank account provides. That’s why people store crypto on exchanges, because they mistakenly believe that, because they look like banks, they offer the same level of cover in the event of disaster. Which they don’t. Exchanges fail, people get scared of crypto and mass adoption does not happen.

That is until the BTC ETF is approved.

The narrative so far has been that the ETF will allow huge inflows of capital from institutions. However, although this is likely true I believe the real step change will be the security that holding BTC via an ETF will provide for retail users which will usher in the final stage of mass adoption.

Why would an average, non tech savvy retail user want to hold BTC on a physical cold wallet with their seed phrase stamped into a stainless steel plate when Black Rock can provide the same level or greater security holding it via an BTC ETF with very little effort? No more lost seed phrases. No more hacked exchanges without insurance to cover a retailers losses. In the extremely unlikely event that Black Rock gets hacked then their insurance pays out.

Mass confidence in the security of holding BTC via ETF results in mass adoption from institutions and, less reportedly, retail.

Number go up. More than originally expected.

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The original was posted on /r/cryptocurrency by /u/cdmayer on 2023-12-14 18:10:26+00:00.

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The original was posted on /r/cryptocurrency by /u/cointelegraph1 on 2023-12-14 16:10:08+00:00.

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The original was posted on /r/cryptocurrency by /u/Perfect_Ability_1190 on 2023-12-14 19:18:09+00:00.

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The original was posted on /r/cryptocurrency by /u/flowers_at_dusk on 2023-12-14 18:27:54+00:00.

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The original was posted on /r/cryptocurrency by /u/MrD_12 on 2023-12-14 18:05:16+00:00.

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Hello Everyone in this Community.

I will start by thanking in advance to every comment to help me understand this better.

I really believe in crypto, but in this post I will focus in BTC, because this was my first coin that I invested in.

I would like my siblings to understand this as well and that is the major purpose that I am posting in r/CryptoCurrency.

Lots of you might think its High school math, but for some reason I'm really getting confused with numbers and formulas, I searched online but I am still confused regarding the math behind it. Once, I approach my brothers and sisters, I want to have almost every scenario covered in the investment of BTC. Losses, gains, profit etc.

I apologize in advanced if my vocabulary is not the correct one.

My questions are:

What is the formula to know how much dollar value I have in BTC on any market value 25k 35k 47k and so on?

(I told my siblings to invest when BTC was in 27K, and once it reaches 60k you would have more than the $10 dollars you invested, ofcourse these numbers are just example so we all can understand it better.)

If I invested 10 dollars when it was 27K, how much would I have when it reaches 60K?

I invested 1000 dollars in BTC, 100 when it was around 60k, 200 when it dropped to 52k, 300 when it was around 41k and 500 when it was around 29k. I know I have 1000 invested in BTC just for myself. When BTC hit 30k I invested 10 dollars on each sibling, 50 dollars in total, but all the BTC I own is together and I want to create a wallet for each one of my siblings and send them their 10 dollars worth of BTC in today's market value which is 12/14/2023 BTC is at $43,500.00. That way they can actually see how BTC grew a bit, and the more they invest the better. The more they can invest to grow their portfolio maybe the more than can actually invest in it.

What would be the correct equations for my personal scenario that I wrote above?

I really hope I can find the answer to maybe an easy questions for you crypto veterans.

Blessings and Abundance to you all.

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The original was posted on /r/cryptocurrency by /u/toberelated on 2023-12-14 17:51:24+00:00.

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I used to use the PayWithMoon service for US cards. I could load some amount of money into it and actually recreate the cards as much as I wanted. For example, create a card for 15 dollars, pay 5 dollars from it, and return the remaining 10 dollars to the balance and create a new card. Are there services like this still available? Maybe some other competitor. So far I found only laso finance, they just issue American cards, but recreating is not available, it seems. Maybe only in case of problems, but I'm talking about other things, I think it's clear.

It is important that the card is American and passed in American merchants. Thanks for the help everyone.

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The original was posted on /r/cryptocurrency by /u/Vladn00ne on 2023-12-14 16:59:37+00:00.

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The original was posted on /r/cryptocurrency by /u/Cypto_Spaniard on 2023-12-14 16:29:32+00:00.

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Hi fellas,

Last weeks have been introductory to what it is the crypto universe, up and downs and incertitude. I checked the results for the last 7 days and what I hold have barely gone up (the order in from more of less owned coins):

• BTC

• ETH

• MATIC

-CRO

• ROSE

• ADA (yes but I dont hold too much)

• DOT (yes but I dont hold too much)

According to my experience in the past bull and bear, the better is not to touch anything and let it be. Matic came late to the party during the last bull but it hit hard when it did.

I am not planning to touch my coins, but what do you think it's best from a strategic standpoint?

I believe that precisely the common mistake is to jump into pumped coins. You agree?

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The original was posted on /r/cryptocurrency by /u/lobas on 2023-12-14 15:57:57+00:00.

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The original was posted on /r/cryptocurrency by /u/MarvinTAndroid on 2023-12-14 15:28:57+00:00.

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I generally find Popular Information's analysis of issues accurate and agree with their critique in this case as well. Curious what others think.

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The original was posted on /r/cryptocurrency by /u/DripTrip747 on 2023-12-14 12:57:10+00:00.

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I've read a lot over the last few years, and yet I still can't say I understand crypto. I want to understand it and get into it more, but for the time being I'm more heavily into stocks.

For those that knew nothing/had trouble understanding about crypto but found a way to make it click, what or where did you learn?

I've had coinbase since I first tried to get into crypto a few years back. I wasn't using it for at least 2 years since then and I remember having a decent amount worth of different coins in there when I logged off last. Well, when I was finally able to get into my account, I found out it all turned to 0. If I remember correctly, I thought I was holding coins for projects I was for sure would grow. Does this mean those projects failed and then caused the coins to drop to 0? I would imagine you don't just lose your stash for not logging in for a year or so, but am I wrong? How does one become confident that their investments won't disappear? I'm more of a pump, set and forget kind of investor. I would like the ability to buy coins with confidence and have them grow.

I know, I could have just bought Bitcoin and called it a day. But if I remember correctly, this was around the time that Bitcoin was hitting it's all time high, and I wasn't confident it was going to go higher and luckily I didn't, because it didn't go higher so I would have lost money regardless.

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The original was posted on /r/cryptocurrency by /u/Omn1Crypto on 2023-12-14 11:52:07+00:00.

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The original was posted on /r/cryptocurrency by /u/JohnTitorAlt on 2023-12-14 09:34:40+00:00.

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With all the recent regulations passed in the US along with all the insolvent exchanges, will it affect extreme volatility? There were so many damn options last cycle.

The massive sell offs and rapid green dildos aren't from retail spot buying/selling and are a result of massive liquidations. Then its cascading stop losses.

I know there's still dexes out there and the US isn't the entire world, but a lot of easily accessible forms of leverage trading are all gone. It has to have an affect on the volume of degen trading. Where are people doing their 100x leverage trades? I only used kucoin in the past and now it's completely shut off to us residents and other countries require KYC meaning less use it. I believe bybit, Celsius and ftx were all big players in the degen trading last cycle as well.

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The original was posted on /r/cryptocurrency by /u/begghins on 2023-12-14 15:03:21+00:00.

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Hi, my balance of token ( SAOG ) went to 0 and I don't understand what happened. I was buying on pankeswap another token, and in that period of time my SAOG token went to 0.

Costumer support of metamask sent me this transaction, but I never did it or authorized it:

I lost 3824 SAOG. I would like to understand what happened. I don't see any transaction on Metamask or Pankakeswap.

My public address is:

0x6a8B28BC5b76017A09fE37A09E1EE57fCD9d4d5B

Thanks!

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The original was posted on /r/cryptocurrency by /u/mygallows on 2023-12-14 08:39:33+00:00.

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The original was posted on /r/cryptocurrency by /u/susygomezd on 2023-12-14 14:08:49+00:00.

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Afternoon everyone. Hope you are all doing very well! I thank you in advance for your patience, kindness, and support.

Long story short: is it Dumb to invest $200-250 in Baby Doge?

Yes. I know nothing about Crypto. Yes, I know this is not the best investment. And yes, I’m trying to invest into something that will give me a ton of Coins (millions or billions of Baby Doge Coins) by simply betting into the very very unlikely odds of this Coin losing a few 0’s and therefore… giving me a ridiculous return of investment.

Coin: Baby Doge Coin

Price: $0.000000001472

Total Supply: 205,598.28T

I have seen this happen with so many other Shit Coins (like SHIBA Inu for example) that started with like 0. (8-9 zeros) and then after 2-4 years they lost like three of those Zeros that I’m like ok… should I try it?

My respect to everyone and to any Baby Doge Holder.

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The original was posted on /r/cryptocurrency by /u/Fantastic-Ad548 on 2023-12-14 13:38:40+00:00.

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The original was posted on /r/cryptocurrency by /u/LazyDaze333 on 2023-12-14 07:29:22+00:00.

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Not here to FUD the exchange.

Is there a way to measure/publicly view and exchange's available liquidity pool? I am trying to dex swap a low MC coin I just found and exchange is saying I have $51 available with $1600 USDC / $3K in crypto. Why is $51 out of $4.6k available when this balance has been on the exchange for +30 days?

The last time I saw anything like that was when FTX held my Bi-weekly DCA's for 14 days.

Note: Was attempting to send to the exchange's own wallet, so no anti-competition issue. Literally an "Unavailable Balance issue." Not asking to have the balance made available. Asking for advice to view the exchange's availability liquidity so I can know if something shady is going on.

Edit 1: *$4.6K

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The original was posted on /r/cryptocurrency by /u/Stock-Accountant on 2023-12-14 04:48:24+00:00.

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Beam is a decentralized autonomous organization (DAO) that focuses on maximizing yield across various play-to-earn (P2E) games and the metaverse. It is designed to create a platform where players, investors, and experts can collaborate and share the profits generated from the gaming ecosystem.

Bullish case for Beam:

Growing Market: The P2E gaming sector and the metaverse are rapidly growing markets. As more people around the world gain access to the internet and gaming, the potential user base for P2E games could continue to expand.

DAO Structure: Being a DAO, Beam is governed by its community, which can make it more adaptable and responsive to the needs and desires of its stakeholders. This decentralized governance model can also foster a strong community and align incentives among participants.

Diversification: Beam aims to invest in a diversified portfolio of P2E games and assets, which can help spread risk. Instead of betting on the success of a single game or asset, investors in Beam are exposed to a variety of opportunities within the gaming ecosystem.

Revenue Sharing: Beam offers a revenue-sharing model where profits from gaming activities are distributed among the DAO's stakeholders. This can be an attractive feature for investors looking for passive income streams.

What are your thoughts? Here to stay or another fad?

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The original was posted on /r/cryptocurrency by /u/Rossa774Tezos on 2023-12-14 13:34:05+00:00.

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In the last two months, Tezos has unveiled an array of gaming projects, each unique in its design and utilization of blockchain, highlighting the versatility and potential of this technology in creating diverse gaming experiences. This article explores just 7 of these projects.

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The original was posted on /r/cryptocurrency by /u/Electrical_Tension on 2023-12-14 03:36:29+00:00.

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The original was posted on /r/cryptocurrency by /u/Joe-M-4 on 2023-12-14 13:31:18+00:00.

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EXPERIMENT - Tracking 2023 Top Ten Cryptocurrencies – Month Eleven - Up +39%

Find the full blog post with all the tables and graphs here.

Welcome to your monthly no-shill data dump: Here's the 9th monthly report for the 2023 Top Ten Experiment featuring BTC, ETH, BNB, XRP, BUSD, DOGE, ADA, MATIC, DOT, and LTC.

SNAPSHOTS ALWAYS TAKEN ON FIRST OF THE MONTH (data below reflects 1 DECEMBER Snapshot).

tl;dr

• What's this all about? I purchased $100 of each of Top 10 Cryptos in Jan. 2018, haven't sold or traded, reporting monthly for nearly 6 years for your reading pleasure. Did the same in 2019, 2020, 2021, 2022, and 2023. Learn more about the history and rules of the Experiments (including why in the world I would include stablecoins) here. Learn more about the new features in the 2023 Top Ten Experiment here.
• NOVEMBER Highlights: A nearly all green month. ADA takes the monthly victory, followed by DOGE.
• The 2023 portfolio is +39% so far this year compared to +20% from the S&P500. DCA'ing once a year into Top Ten Cryptos for the last 6 years has produced better returns than if you'd done the same with the S&P 500 over the same time period (+116% vs S&P500's +39% - see below for details).
• New feature: Total market cap token AMKT is way out ahead of the 2023 Experiment +103% to +39% in this year’s friendly competition between The Top Ten Portfolio and The Alongside Crypto Market Index Token (AMKT).

Month Eleven – Up +39%

The 2023 Top Ten Crypto Index Fund Portfolio is BTC, ETH, BNB, XRP, BUSD, DOGE, ADA, MATIC, DOT, LTC.

November highlights for the 2023 Top Ten Portfolio:

• All cryptos either in the green or flat this month
• ADA takes the monthly victory, followed by DOGE in second place
• BTC remains in the lead for 2023, XRP a distant second place.

November Ranking and Dropouts

Here’s a look at the movement in the ranks eleven months into the 2023 Top Ten Index Fund Experiment:

November Winners and Losers

November Winner – ADA (+24%) outperformed the field this month, followed by DOGE (+20%)

November Loser – BNB and XRP remained flat this month, underperforming their peers.

Overall Update: BTC well ahead of second place XRP, 90% of cryptos in the green.

Although it has been a battle for much of the year, the last couple of months have seen Bitcoin (+131% in 2023) open up a significant lead over second place XRP (+87% in 2023).  The initial $100 invested in BTC eleven months ago is worth $230 today. 

All Top Ten cryptos except one (BNB) are in positive territory this year, but at -6%, even BNB is within striking distance of the break even point.

BNB has also taken the place of MATIC as the worst performer of this year’s Top Ten Experiment. 

Overall return on $1,000 investment since January 1st, 2023:

The 2023 Top Ten Portfolio picked up $117 bucks in November.  The initial $1000 investment on New Year’s Day 2023 is now worth $1,385, +39% year to date. 

Here’s a visual summary of the progress so far:

2023 Top Ten Portfolio vs. The Alongside Crypto Market Index Token (AMKT)

New feature this year – The first Top Ten Crypto Experiment was started on 1 January 2018 in an attempt to capture the gains of the entire market. Much has changed over the last six years, including the introduction of index products designed to capture the entire crypto market (instead of manually buying coins and tokens like I do for my Experiments).

This year’s friendly competition is between The 2023 Top Ten Portfolio and The Alongside Crypto Market Index Token (AMKT).  AMKT is an ERC-20 token that represents a cap weighted index of 15 Cryptocurrencies (minus stablecoins) backed 1:1 by the underlying assets represented within the index and completely onchain.  Since the index represents approximately 95% of the value within crypto, AMKT is an excellent proxy for the entire cryptocurrency market – exactly what my Top Ten Portfolios have been trying to recreate from the start.  

To mirror traditional index fund products, AMKT also provides a 5% APR match, creating its own dividend.  

Here’s the question I’m tracking this year: would I have been better off with $1,000 of AMKT instead of creating a homemade $1,000 Top Ten Index Fund?

On 1 January 2023, $1000 was equal to 17.15 AMKT.  Eleven months into the Experiment, AMKT is really starting to pull ahead of my Top Ten.  Here’s the snapshot: 

November Performances:

• The 2023 Top Ten Portfolio: +9%
• AMKT: +10%

The monthly victory goes to: The Alongside Crypto Market Index Token (AMKT)

Overall since January 1st, 2023: 

• The 2023 Top Ten Portfolio: current value $1,385 (+39%)
• AMKT: current value $2,034 (+103%)

Overall lead: The Alongside Crypto Market Index Token (AMKT)

For the more visual, here’s the table I’ll be using to track the friendly Top Ten vs. AMKT competition this year:

Combining the 2018, 2019, 2020, 2021, 2022, and 2023 Top Ten Crypto Portfolios

The 2023 Top Ten is one of six concurrent experimental portfolios.  Where do we stand if we combine all of the Top Ten Crypto Index Fund Experiments?

• 2018 Top Ten Experiment: down -24% (total value $756)
• 2019 Top Ten Experiment: up +297% (total value $3,968)
• 2020 Top Ten Experiment: up +362% (total value $4,620) (best performing portfolio*)*
• 2021 Top Ten Experiment: up +88% (total value $1,877)
• 2022 Top Ten Experiment: down -64% (total value $362) (worst performing portfolio*)*
• 2023 Top Ten Experiment: up +39% (total value $1,385)

Taking the six portfolios together, here’s the bottom bottom bottom bottom bottom bottom line: 

After a $6,000 total investment in the 2018, 2019, 2020, 2021, 2022, and 2023 Top Ten Cryptocurrencies, the combined portfolios are worth $12,968.

That’s up +116% on the combined portfolios.  This is the highest level for the combined portfolios since May 2022. For context, the peak  for the combined Top Ten Index Fund Experiment Portfolios was November 2021’s all time high of +533%.  

Here’s the combined monthly ROI since I started tracking the metric in January 2020 for those who do better with visuals:

In summary: That’s a +116% gain by investing $1k on whichever cryptos happened to be in the Top Ten on January 1st (including stablecoins) for six straight years.

Comparison to S&P 500

I’m also tracking the S&P 500 as part of my Experiment to have a comparison point to traditional markets.

The S&P 500 is up +20% so far in 2023, compared to the Top Ten Crypto portfolio’s +39%.  The initial $1k investment into crypto on New Year’s Day would be worth $1,200 had it been redirected to the S&P.  

Taking the same invest-$1,000-on-January-1st-of-each-year approach with the S&P 500 that I’ve been documenting through the Top Ten Crypto Experiments, the yields are the following:

• $1000 investment in S&P 500 on January 1st, 2018 = $1,720 today
• $1000 investment in S&P 500 on January 1st, 2019 = $1,830 today
• $1000 investment in S&P 500 on January 1st, 2020 = $1,420 today
• $1000 investment in S&P 500 on January 1st, 2021 = $1,220 toda...

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The original was posted on /r/cryptocurrency by /u/IcyHospice on 2023-12-14 00:48:44+00:00.

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Why can’t XRP go on a run? Does this little bull run or bearish run prove XRP is becoming a dead coin? When was the last time this coin went on a run? Its mid at the very best

I should have put a little more into cardano but I fell into the XRP and XLM hype😭 The material looked great on paper!! Don’t get me wrong I tried not to put all my eggs in one, I put a little into Cardano before it blew up and other things too,

but overall XRP and XLM are the only two coins i spent the most on, which these are the only 2 coins that are not preforming great. If it couldn’t do much on this little run, why will it blow up on any other run? Cardano and the rest are pretty much now guaranteed to do big on the next run

Can someone baptize me into believing in xrp is the truth again?😭

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The original was posted on /r/cryptocurrency by /u/Visual-Savings6626 on 2023-12-14 13:19:01+00:00.

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There has been a hack which is affecting all the Dapps which use Ledger connector for logging in. It is advised not to use any DAPP until the issue is isolated and resolved.

This is affecting all users and not just ledger users. Please do not interact irrespective of what wallet you’re using.

More information can be found on these Twitter threads:

Who else but ledger! Right?

*EDIT: Ledger has announced that the malicious code has been removed and the issue is now resolved.

*EDIT2: The hacker was able to steal over $600K before this was resolved.