Cryptocurrency News & Discussion

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The original was posted on /r/cryptocurrency by /u/C-Class_hero_Satoru on 2023-12-12 09:36:49+00:00.

I entered the market in 2021 with decent amount of money. I made 4x. I was holding, never cashed out. Then everything crashed and I am still at loss.

On one hand it was a lesson, on another hand I feel like a loser who wasted a lot of time and got nothing in return. 2021 was a good opportunity and I missed it.

Now I see a lot of new people so if you read this, please don't repeat my mistakes - make exit strategy in advance, and the most important - don't be greedy. 4x are extremely good gains, 3x are good gains, even 2x are good gains. Don't wait for 100x and other unrealistic numbers.

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The original was posted on /r/cryptocurrency by /u/ForeProtocol on 2023-12-12 12:04:54+00:00.

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The original was posted on /r/cryptocurrency by /u/fap_fap_fap_fapper on 2023-12-11 22:29:59+00:00.

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The original was posted on /r/cryptocurrency by /u/drjacks on 2023-12-12 11:38:41+00:00.

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The original was posted on /r/cryptocurrency by /u/wawahage on 2023-12-11 21:53:35+00:00.

My ETH wallet got drained 8-9 days ago to a new empy adress. It had abou 8.5k worth of alts back than. Just now the guy sold it for 3 ETH and sent it to his main adress which holds 275k.

He sent ETH for gas to the adress he drained the funds to from Kucoin. Any point in reporting it to someone? Kucoin demands KYC now.

I know I'll never see that money again, but if there is a way someone gets that bastard in any way, it'd be nice.

his adress

the adress he drained my wallet to:

Cheers.

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The original was posted on /r/cryptocurrency by /u/drjacks on 2023-12-12 11:32:17+00:00.

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The original was posted on /r/cryptocurrency by /u/kirtash93 on 2023-12-11 20:40:14+00:00.

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The original was posted on /r/cryptocurrency by /u/C-Class_hero_Satoru on 2023-12-12 09:36:49+00:00.

I entered the market in 2021 with decent amount of money. I made 4x. I was holding, never cashed out. Then everything crashed and I am still at loss.

On one hand it was a lesson, on another hand I feel like a loser who wasted a lot of time and got nothing in return. 2021 was a good opportunity and I missed it.

Now I see a lot of new people so if you read this, please don't repeat my mistakes - make exit strategy in advance, and the most important - don't be greedy. 4x are extremely good gains, 3x are good gains, even 2x are good gains. Don't wait for 100x and other unrealistic numbers.

This is an automated archive.

The original was posted on /r/cryptocurrency by /u/kirtash93 on 2023-12-11 20:11:12+00:00.

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The original was posted on /r/cryptocurrency by /u/kirtash93 on 2023-12-11 20:40:14+00:00.

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The original was posted on /r/cryptocurrency by /u/thebageljew on 2023-12-12 08:16:19+00:00.

There's money in my coinbase but I converted the crypto into Dex or Web3 wallet and now I need Etherum to pay a fee to get it back. Thers also Altcoins or shit coins in my Wallet app but I can't use it without ethereum.

I don't have any more money yet all my value is floating around deep space, I wish I understood more about what I did and if anyone has knowledge in helping me transfer these funds into an accessible way to spend this money instead of holding it in a place I am unable to use it.

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The original was posted on /r/cryptocurrency by /u/kirtash93 on 2023-12-12 08:12:09+00:00.

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The original was posted on /r/cryptocurrency by /u/EvilLost on 2023-12-12 08:04:14+00:00.

This is the opposite of a shill post (whats the opposite of 'shilling' anyway?)

Please tell me every bad/negative thing you know about the BitBox02.

website: bitbox.swiss

threat model:

In my continued quest to replace my ledgers, I have come across the bitbox02. It seems to be a very good compromise on all fronts - secure element, open source, supports many coins, swiss company, etc.....so I've probably missed something.

What are the biggest security issues with this device?

What about with this company?

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The original was posted on /r/cryptocurrency by /u/gr8ful4 on 2023-12-12 08:02:16+00:00.

This is a long way coming. The fractional reserve scheme that major CEX built around Monero and a couple of other coins is crumbling. It probably was not meant to be discovered so fast. But the decoupling of the price vs BTC network effect amidst full Monero darknet market adoption in the last bull run was an early indicator.

Those that observed the space know that Poloniex and Binance were the first to start their fractional reserve program in 2019. Others like HTX, OKX, Coinex, KuCoin were either willingly joining the CartelTM or forced to join (Kraken?) through market competition.

• Poloniex has all withdrawals other then Tron/Tron network based coins halted for >1 month (including Monero) - the order book is basically dead and price decoupled.

• HTX has halted withdrawals for quite some time. Monero withdrawals are still closed. Order book is dead. Price decoupled.

• Binance, the CEX that is most famous for its withdrawals halts and probed in two Moneroruns now also has halted all withdrawals. After Binance has been closed for several weeks in 2022 citing funny reasons the Monero community started a downtime tracker for 2023:

• But what really comes as a shock to the community is that Kraken, claiming to always operate on full reserves amidst all the drama has also stopped the processing of XMR withdrawals.

A big storm is brewing. If you are a Monero investor the likelihood is low that you still keep some coins on a CEX, because this was discussed for 2.5 years. If you still do - good luck!

The conditions are nearly perfect for the biggest short squeeze in crypto history. If you want to join the squeeze don't use CEX. Use P2P markets or DEX.

XMR withdrawal status

❌ Kraken * ❌ HTX (Huobi) * ❌ Poloniex * ❌ Binance * ❌ LetSexChange * ❌ SideShift * ❌ EasyBit * ❌ WazirX

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The original was posted on /r/cryptocurrency by /u/thebageljew on 2023-12-12 08:16:19+00:00.

There's money in my coinbase but I converted the crypto into Dex or Web3 wallet and now I need Etherum to pay a fee to get it back. Thers also Altcoins or shit coins in my Wallet app but I can't use it without ethereum.

I don't have any more money yet all my value is floating around deep space, I wish I understood more about what I did and if anyone has knowledge in helping me transfer these funds into an accessible way to spend this money instead of holding it in a place I am unable to use it.

This is an automated archive.

The original was posted on /r/cryptocurrency by /u/gutturalCod29014 on 2023-12-12 06:36:16+00:00.

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The original was posted on /r/cryptocurrency by /u/kirtash93 on 2023-12-12 08:12:09+00:00.

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The original was posted on /r/cryptocurrency by /u/sgtslaughterTV on 2023-12-12 06:35:58+00:00.

Hi guys. There's a lot to take in here, so I'll just try my best to condense the situation.

A guy, let's call him "Paul", found me on a Facebook group saying that he wants to trade his bitcoin for USDT. This guy is from a country that has, indeed, prohibited any and all cryptocurrency possession, cryptocurrency transactions and cryptocurrency mining. After he tells me which country he is from, I tell him, "Actually I travel frequently to a country near your own. If you want, I can meet you in this other country nearby, and I can help you sell it without any problems. It's perfectly legal there. Me and my friends will treat you like a king."

He doesn't like this idea. So he finds someone else in the Facebook group, let's call him "Peter", that he can do business with. He shows me screenshots of a chatlog he had with Peter who bought 5 BTC from him for 20,000 USDT. Paul got the 20,000 USDT, but he didn't get the other USDT for the other BTC he tried to trade. If I believe Paul, he basically lost 80,000 USD of bitcoin because at that time bitcoin was around 27k.

Curiously, I messaged the person on Facebook that scammed him (peter), asking him, "Sorry, have you recently spoken with a gentleman from this country?" And he said, "What's this all about?" I showed him the chatlogs I was given before, then he just blocked me. Paul gets robbed by Peter, Peter blocks sgtslaughtertv on Facebook.

I have a really good friend where I live now and he's into crypto and I can trust him to buy / sell crypto slowly and turn it into cash, and then make remittances to Paul in his own country. Paul doesn't want to do this because he's concerned with the financial authorities of his country asking questions about the origin of the money.

Other details:

1. I showed Paul a screenshot of false balances of my cryptocurrency (basically I took some btc address from Coincarp) after I slapped it into an IP tracker. The IP tracker basically identified that Paul was connecting from pakistan. However, this could be Paul using a VPN because the country where he lives uses nation-state spyware known as Pegasus. It's not unusual to be VPN-native in Paul's country.

2. When I asked Paul if my friend could help him cash out and send the money via bank remittance he was opposed to the idea, citing financial authorities and their regulations.

3. It feels like every time I offer Paul the opportunity to meet in that other country nearby, he is opposed to the idea.

4. Paul has asked me for 5000 USDT up front remarking that this amount of money is nothing to me or him. Slight red flag.

5. I honestly cannot identify if Paul is extremely gullible or if he is trying to scam me.

Any ideas how I should proceed with Paul?

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The original was posted on /r/cryptocurrency by /u/EvilLost on 2023-12-12 08:04:14+00:00.

This is the opposite of a shill post (whats the opposite of 'shilling' anyway?)

Please tell me every bad/negative thing you know about the BitBox02.

website: bitbox.swiss

threat model:

In my continued quest to replace my ledgers, I have come across the bitbox02. It seems to be a very good compromise on all fronts - secure element, open source, supports many coins, swiss company, etc.....so I've probably missed something.

What are the biggest security issues with this device?

What about with this company?

This is an automated archive.

The original was posted on /r/cryptocurrency by /u/gr8ful4 on 2023-12-12 08:02:16+00:00.

This is a long way coming. The fractional reserve scheme that major CEX built around Monero and a couple of other coins is crumbling. It probably was not meant to be discovered so fast. But the decoupling of the price vs BTC network effect amidst full Monero darknet market adoption in the last bull run was an early indicator.

Those that observed the space know that Poloniex and Binance were the first to start their fractional reserve program in 2019. Others like HTX, OKX, Coinex, KuCoin were either willingly joining the CartelTM or forced to join (Kraken?) through market competition.

• Poloniex has all withdrawals other then Tron/Tron network based coins halted for >1 month (including Monero) - the order book is basically dead and price decoupled.

• HTX has halted withdrawals for quite some time. Monero withdrawals are still closed. Order book is dead. Price decoupled.

• Binance, the CEX that is most famous for its withdrawals halts and probed in two Moneroruns now also has halted all withdrawals. After Binance has been closed for several weeks in 2022 citing funny reasons the Monero community started a downtime tracker for 2023:

• But what really comes as a shock to the community is that Kraken, claiming to always operate on full reserves amidst all the drama has also stopped the processing of XMR withdrawals.

A big storm is brewing. If you are a Monero investor the likelihood is low that you still keep some coins on a CEX, because this was discussed for 2.5 years. If you still do - good luck!

The conditions are nearly perfect for the biggest short squeeze in crypto history. If you want to join the squeeze don't use CEX. Use P2P markets or DEX.

XMR withdrawal status

❌ Kraken * ❌ HTX (Huobi) * ❌ Poloniex * ❌ Binance * ❌ LetSexChange * ❌ SideShift * ❌ EasyBit * ❌ WazirX

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The original was posted on /r/cryptocurrency by /u/Malwarebeasts on 2023-12-12 06:04:36+00:00.

Raini is a gaming studio focused on developing a competitive trading card game.

They just pinned a message on Twitter saying "Everything Changes" on 12-13-23.

source: https://twitter.com/raini_coin/status/1734295084726919266

Recently RAINI made a lot of progress, they've been working hard on developing the blockchain game "Lord of Light" and it seems to gain traction.

They also had a tokenomics issue which they fixed by combining everything into a single token on BEAM called RST, and it seems the game will be on BEAM rather than ETH.

What do you think is going to happen tomorrow? the market cap is currently at like $40m and the game has potential I'm debating whether I should go balls deep into this.

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The original was posted on /r/cryptocurrency by /u/Electrical_Tension on 2023-12-12 02:37:53+00:00.

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The original was posted on /r/cryptocurrency by /u/Perfect_Ability_1190 on 2023-12-12 02:55:00+00:00.

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The original was posted on /r/cryptocurrency by /u/Feeling-Inside5147 on 2023-12-12 01:41:27+00:00.

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The original was posted on /r/cryptocurrency by /u/Electrical_Tension on 2023-12-12 02:37:53+00:00.