Cryptocurrency News & Discussion

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The original was posted on /r/cryptocurrency by /u/DaddyLongLegs13469 on 2023-12-13 21:56:55+00:00.

If a bitcoin etf gets approved. Would any of you buy into the etf? I am able to have a self directed brokerage account thought my 401k with my work. Should I direct a portion of my 401k into bitcoin etfs? This would give my 401k crypto exposure which it currently does not as of now. The whole sentiment I’m seeing is that with an ETF there will be massive institutional investment hitting the crypto market. Will that make the etf do better than actual bitcoin? I guess. Should I buy right when it’s available or should I wait a little while after it hits the market.

What is others thoughts? Will you buy into an etf if it get approved?? I’m not sure if it would be better to wait for the initial buy in to see if it drops first? Anyone here experienced with ETFs?????

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The original was posted on /r/cryptocurrency by /u/gr8ful4 on 2023-12-13 21:54:08+00:00.

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The original was posted on /r/cryptocurrency by /u/clean_cut89 on 2023-12-13 19:52:42+00:00.

Bullish news out of coinbase

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The original was posted on /r/cryptocurrency by /u/gr8ful4 on 2023-12-13 19:46:35+00:00.

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The original was posted on /r/cryptocurrency by /u/Ok-Pomegranate-1641 on 2023-12-13 17:43:44+00:00.

Is making a shitcoin and Pump&Dumping it illegal?

I am watching Zero Budget Stories on YouTube and watched “Wojak creates his own shitcoin”. He makes a shitcoin and advertises it all over the web so pump it to like 3000% gains.

My question was: is this not illegal? Possibly market manipulation?

Has anyone ever been charged on a pump&dump in the crypto community? I know that crypto is not regulated like things such as the stock market and such but I was just curious what the ramifications would be if something like that were to actually happen.

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The original was posted on /r/cryptocurrency by /u/Real-Technician831 on 2023-12-13 17:06:20+00:00.

Unsurprisingly Tether was given second to worst rating. USD coin, Gemini and Pax did well.

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The original was posted on /r/cryptocurrency by /u/litecoin-master on 2023-12-13 16:39:17+00:00.

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The original was posted on /r/cryptocurrency by /u/_jemboy on 2023-12-13 16:28:23+00:00.

Hello everyone,

I am relatively new to crypto, luckily I timed my entry quite well as the first time I ever bought BTC was last year, when it was at 17500. Happy to say I'm already quite green. After a few months I invested into some other cryptos, my portfolio stands at 60% BTC, 30% ETH and 5% XRP and ADA each.

A friend of mine who got me into this is saying I'm playing it too safe and I should put more into some of the lesser known crypos as they will have higher returns in the upcoming bullmarket (if it comes).

How wise would it be to reduce my BTC to let's say 30% and split that 15% each to XRP and ADA? Or am I already on the right path and shouldn't change anything?

I would appreciate your opinions.

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The original was posted on /r/cryptocurrency by /u/LincHamilton on 2023-12-13 15:36:50+00:00.

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The original was posted on /r/cryptocurrency by /u/Vladn00ne on 2023-12-13 15:06:55+00:00.

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The original was posted on /r/cryptocurrency by /u/Vaynerchump on 2023-12-13 14:43:06+00:00.

I’m getting paranoid but I want to move my assets. I’ve been saving and allocating to a trust wallet over the past two years it’s not much but to me it still took quite a bit of time and all these posts are getting me paranoid and I want to move them around and maybe even split them up into different wallets so that there isn’t a single point of failure.

What is everyone doing?

Trezor? Ledger? Looking at Bitkey?

I’ve got Bitcoin on CashApp, Eth in my TrustWallet, and Alts in my MetaMask wallet (BNB,MATIC,ONE,etc…)

For the ones I plan to hold long term, I’d like to move them. I had my seed phrases saved on my computer, which I now know is the wrong move so they definitely need to be moved.

If it all went to zero I wouldn’t be ruined, but I would be heartbroken and devastated.

What’s the smart/paranoid thing to do?

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The original was posted on /r/cryptocurrency by /u/flowers_at_dusk on 2023-12-13 14:30:57+00:00.

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The original was posted on /r/cryptocurrency by /u/cointelegraph1 on 2023-12-13 14:28:18+00:00.

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The original was posted on /r/cryptocurrency by /u/sponge_hitler on 2023-12-13 14:19:24+00:00.

Hi,

so basically despite being bullish on BTC and ETH and some others, I can't help but cringe on how emotional and irrational the community can be.

For example:

A couple weeks ago someone asked if there is any downside in taking credit card debt just to buy more BTC. I had the absolute audacity to tell them that its a stupid idea to go into debt and immediately 5 different people called me stupid because there is apparently zero downsides with having debt as long as you cannot get your investment liquidated, and most of them blocked me right after that just so that i can't comment back on their lunacy.

And its not just a handful of idiots.

Back then Safemoon was the new thing their community couldn't even name you anything concrete about why its a good investment or how it works but got super bullish on Safemoon over some random african wind turbines that had nothing to do with Safemoon.

And its not just Safemoon, people being hyped over nothing and not understanding their project is the norm.

I have more than 10K invested in BTC and ETH but to be honest a part of me actually wants that investment to go to zero just because that would mean that the average crypto bro got burned.

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The original was posted on /r/cryptocurrency by /u/KAX1107 on 2023-12-13 14:19:08+00:00.

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The original was posted on /r/cryptocurrency by /u/drjacks on 2023-12-13 12:28:09+00:00.

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The original was posted on /r/cryptocurrency by /u/narco501 on 2023-12-13 18:44:37+00:00.

I'm not trying to troll but I'm genuinely curious your reasoning behind it. One side is trying to kill crypto with executive orders and anti-crypto bills. The other is selling NFTs of their mugshots. I'm not a fan of either side, least of all Drumpf, but the Biden administration and his appointees (Gensler, etc.) have been incredibly unfair to the industry and its no secret with Warren's latest bill its clear they want to suffocate it. One of my co-workers lobbies in Washington DC for regulations for digital assets and has told me in no uncertain terms if the democrats had majority rule right now we would have seen sweeping changes passed to completely gut the industry, because they're gridlocked with republicans and divided on this issue means she is able to slowly start to convince other democrat offices to come around.

How do you reconcile investing thousands of dollars into this ecosystem while still voting for the people that want to effectively destroy everything except Bitcoin? Is there something that I'm genuinely not seeing? I just don't understand continuing to invest in this market if you're voting for people that will effectively neuter it.

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The original was posted on /r/cryptocurrency by /u/Ok-Pomegranate-1641 on 2023-12-13 17:43:44+00:00.

Is making a shitcoin and Pump&Dumping it illegal?

I am watching Zero Budget Stories on YouTube and watched “Wojak creates his own shitcoin”. He makes a shitcoin and advertises it all over the web so pump it to like 3000% gains.

My question was: is this not illegal? Possibly market manipulation?

Has anyone ever been charged on a pump&dump in the crypto community? I know that crypto is not regulated like things such as the stock market and such but I was just curious what the ramifications would be if something like that were to actually happen.

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The original was posted on /r/cryptocurrency by /u/KAX1107 on 2023-12-13 14:19:08+00:00.

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The original was posted on /r/cryptocurrency by /u/drjacks on 2023-12-13 12:27:07+00:00.

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The original was posted on /r/cryptocurrency by /u/cointelegraph1 on 2023-12-13 14:15:27+00:00.

Blockchain gaming has been a hot topic in recent years, with 2023 being touted as a pivotal year for this industry. The potential for crypto gaming is compelling, but the path forward is filled with challenges and opportunities.

In its “2023 State of the Industry Report,” released on Dec. 12, the Blockchain Gaming Alliance (BGA) found that 37.8% of respondents believed Web2 studios launching new games in Web3 or applying blockchain elements to existing titles would help push the industry forward in 2024.

Blockchain game developers are convinced that 2024 will be the year of adoption growth, with more than half of respondents confident that over 20% of the total $347 billion global gaming industry will leverage blockchain technology in some way within the next year.

One of the key issues is interoperability and playability compared to traditional games. Despite these challenges, there are signs of progress. For instance, AAA games are starting to emerge in Web3, and Web3 gaming raised a significant amount of funding in 2022.

Another important aspect is the role of tokenomics in the success of a game. It’s suggested that the first big win will likely come from a game that doesn’t feel like a ‘crypto’ game and has sustainable incentives for users.

Do you agree that 2024 will be a pivotal year for blockchain gaming? What kind of games do you think will be successful in the blockchain gaming space?

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The original was posted on /r/cryptocurrency by /u/ZenGoOfficial on 2023-12-13 08:57:39+00:00.

For years the gold standard in self-custody has been: Get a hardware wallet and keep your backup seed phrase "somewhere safe."

If you spend any time on Reddit (or Discord, X, or not under a rock...) then you know that's not always turned out well. Wallets get drained every day: Hardware wallets, software wallets, it doesn't matter. It also doesn't matter if the hardware itself is relatively secure.

Because ultimately we are all human, and the "gold standard" system has a single point of failure: The seed phrase. Whoever has access to it, has access to your funds. If you make a mistake, get phished, click the wrong link, download the wrong firmware or a fake desktop extension, it's game over.

Alternatives exist.

The question is: Are you willing to try them?

There will always be seed phrase maxis thinking Seed Phrase + Hardware Wallet is The Only Way To Self Custody and Screw You For Developing An Alternative.

We think those folks represent a very vocal but ultimately small percentage of humans who will self-custody in the future.

• AA might be the answer for some: But the tech is still new, and won't cover Bitcoin.
• Multi-sig solutions work for some: But they are more complicated, most won't adopt them, and ultimately you still have seed phrase backups you need to deal with.

So what are we left with?

MPC (multi-party computation) is another approach and one we've focused on. We won't shill our tech right now.

But we're more curious: Would you even consider alternatives? If yes, why? If no, why not?

Or are you ride-or-die with seed phrases?

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The original was posted on /r/cryptocurrency by /u/kirtash93 on 2023-12-13 11:46:46+00:00.

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The original was posted on /r/cryptocurrency by /u/Cyberpunk-News on 2023-12-13 08:08:00+00:00.

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The original was posted on /r/cryptocurrency by /u/Kontikulus on 2023-12-13 10:21:31+00:00.

I rarely involve myself with the actual crypto ecosystem. Faucets, bridges, DEXes, NFT marketplaces and so on scare me.

Every interaction with the actual system beyond sending crypto from my wallet to an exchange is too much of a security risk for me. And I think it is not unjustified.

Even if you do everything right, avoid obvious scams and unvetted projects, a "real" project can be hacked or exploited and everything linked to it is gone in a moment and I can't do anything but watch. And old permission I gave to a totally legit site can become poison over night. Not only that, but I also need to be vigilant if I do nothing at all, because every rando can send me a virtual bomb into my wallet that I can't touch in any way because it will immediately drain my funds.

I would like to try more things, but stick to the basics because I don't want to introduce more risk and constant vigilance into my crypto.