Cryptocurrency News & Discussion

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The original was posted on /r/cryptocurrency by /u/gobearsgobears on 2023-12-11 06:49:00+00:00.

While I've been in crypto for more than two cycles now, this is the first cycle where I got in relatively early and now making some nice profits.

Problem is - I don't know if I should just keep HODL'ing (I'm planning on holding for at least a year or two) my portfolio throughout all this volatility - or if I should sell when there is SOME semblance of a local top (I know no one can predict the future and know for sure if its a local top top, but just trying). This way I can secure profits for sure, then wait for a correction to rebuy for the next run up.

I keep hearing "time in the market > timing the market", but isn't it kind of regretful if instead of watching your profits evaporate as the market corrects/retraces - selling now, securing those gains, and then reinvesting when there is a local bottom may be more profitable?

I know its super hard to do this, but still wondering if in theory, it should be worth to try as it may be more profitable? I'm looking for some serious advice, as I'm also considering just HODLing hardcore - but wondering if I'll regret watching all my profits go away through all this rollercoaster of crypto.

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The original was posted on /r/cryptocurrency by /u/BreakingGood on 2023-12-11 06:04:27+00:00.

The moment the market finally started to pump, every crypto influencer and crypto investor was out spamming normie social media channels like TikTok telling everybody "THE BULL RUN IS ON!!"

Normies flocked in to the coins, turning a natural bull run into an incredibly inflated bullsh*t run. The whales took notice, they let the normies pump their exit liquidity into the market, and now they're selling off.

The bull run was real, but it quickly became fake, and now it's over. Nearly 2 days in a row we've seen the market dump, and it's clear the whales are just juicing the last few drops of liquidity out of it. Why couldnt the crypto community keep quiet and let it pump for once?

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The original was posted on /r/cryptocurrency by /u/brockm92 on 2023-12-11 05:42:47+00:00.

At the time of writing, the US Government now holds approximately $8,420,000,000 worth of Bitcoin.

I know the government has sold "smaller" quantities of Bitcoin in the past, but if they have truly waged war on crypto, why would they not begin selling it all and shake the crypto industry to the ground? Or at least a large portion of it? Nothing would sink us more than the Government beginning a large series off sell-offs. It would be a win-win for them, as it would cripple the industry (if this is truly what they want) and their hoard has achieved massive gains.

I know approx 8.4 billion is small in terms of government money, but the future could make their "investments" MUCH more profitable as they continue to sit on their stash while confiscating even more. Or is this the motive behind their war?

I don't have answers, just questions... and I'm interested to hear what you're opinions are regarding this.

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The original was posted on /r/cryptocurrency by /u/FitScore3115 on 2023-12-11 04:01:33+00:00.

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The original was posted on /r/cryptocurrency by /u/gazingjar on 2023-12-11 03:49:09+00:00.

Look, I'm a tradfi guy who dabbles in crypto. Not an expert by any means. So, I'm coming here so that you may help me understand this strange, and to be frank, disturbing, phenomenon. Here is my story:

This morning after I made my coffee I went to check Friday's close and the general state of the market.

As always, I typed "SPX" into the search bar. But something that I've never seen before, nor ever wanted to see, populated the screen.

SPX6900.

My first thought: what the hell? There are only 500 companies in the S&P500, not 6900! Certainly, something must be amiss. This must be a display bug.

But I investigated further. Turns out, Yahoo Finance is promoting a crypto scheme. I AM FED UP. When is enough, enough? Now crypto is trying to discredit trusted names like the S&P? Surely, they belong in jail, no? Financial namespace hijacking?

Can someone explain what this is all about, why they are allowed to do it, why people are pushing this, and why I am being recommended it???

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The original was posted on /r/cryptocurrency by /u/MajoraAfterMidnight on 2023-12-11 03:08:26+00:00.

Well, we all knew it was coming. How far down do we expect it to go?

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The original was posted on /r/cryptocurrency by /u/FuzzyFireheart316 on 2023-12-11 00:17:00+00:00.

Hey there.

So I jumped headfirst into this game back in '21 when DOGE decided to be the big news. I started buying this and that with no real idea of what I was doing at first.

Got some tips and learned a long the way. However, this last year I got hurt at work, resulting in a concussion, out of work for about a month and a half, and ended up racking up debt just staying afloat and housed.

Due to an AZ workman's comp loophole, they denied paying my time off, so got lucky with not having to lose or sell anything.

Anyways, as a result I haven't been able to really do any kind of buying, DCA or otherwise since May, and at that it's was minimal before then.

I know we're in a nice run right now, but I'm wondering who out there is actually in profit right now? I personally am not. Most of my buys were before the bear market hit after October '21. I'm sitting here and I'm just....

Please... Please keep going up... Lol.

But seriously, who is actually profiting right now? I'm still in the red.

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The original was posted on /r/cryptocurrency by /u/CryptoDaily- on 2023-12-11 00:01:15+00:00.

Welcome to the Daily Crypto Discussion thread. Please read the disclaimer and rules before participating.

Disclaimer:

Consider all information posted here with several liberal heaps of salt, and always cross check any information you may read on this thread with known sources. Any trade information posted in this open thread may be highly misleading, and could be an attempt to manipulate new readers by known "pump and dump (PnD) groups" for their own profit. BEWARE of such practices and exercise utmost caution before acting on any trade tip mentioned here.

Please be careful about what information you share and the actions you take. Do not share the amounts of your portfolios (why not just share percentage?). Do not share your private keys or wallet seed. Use strong, non-SMS 2FA if possible. Beware of scammers and be smart. Do not invest more than you can afford to lose, and do not fall for pyramid schemes, promises of unrealistic returns (get-rich-quick schemes), and other common scams.

Rules:

• All sub rules apply in this thread. The prior exemption for karma and age requirements is no longer in effect.
• Discussion topics must be related to cryptocurrency.
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The original was posted on /r/cryptocurrency by /u/yash13 on 2023-12-10 23:28:30+00:00.

Hi all,

As you all know we are at the very start into the bull market so I will need some recommendations. With the surge in AI development, it might be worthwhile to explore fresh trading strategies or tools. I'm particularly interested in automated bot trading; however, I'm unsure about the most suitable platform. Additionally, considering the upward trend in crypto prices, I'm curious to know if there are any effective crypto bot trading strategies to consider. Would love to hear your opinion on this and some recommendations.

Thank you.

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The original was posted on /r/cryptocurrency by /u/Krirby2 on 2023-12-10 23:22:03+00:00.

3 years in the space ya'll never clicked a bad link or bought into scam project

Today I saw a new casino like project. Looked great, few views "early investment opportunity" (yeah right). Looked alright, they were vetted (another scam site) and had a telegram thing going.

I even had the cognizance to create a separate MM address since I didn't wanna link up with my own one.

Lesson learned. If it's too easy it's probably too good to be true. Stick to the vetted projects that other people actually reference. $65 down the drain but a lesson learned.

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The original was posted on /r/cryptocurrency by /u/Hermes_Trismagistus on 2023-12-10 21:34:12+00:00.

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The original was posted on /r/cryptocurrency by /u/cr0n_dist0rti0n on 2023-12-10 20:24:07+00:00.

This is a well balanced article and I have to give credit to Cointelegraph and Robert Knight for doing a good job on that.

In relation to the topic at hand I’m certainly a multichainist. I’ve always found it ironic and an extraordinary feat of mental gymnastics to have the level of cognitive dissonance to be an any blockchain maximalist. This cognitive dissonance arises through the capacity to extol the virtues of decentralization while arguing for centralization. I think the article raises a valuable critique of Bitcoin Maximalism having the characteristics of religion. Generally the capacity for active cognitive dissonance is maximalized through religion and unsubstantiated faith.

I look forward to a member from the church of Bitcoin to rip me a new one 😁. After all, I deserve it. Let it fly. I only ask you attack my arguments and not me personally. Such arguments only diminish true dialogue.

That said I have thick skin so whatever…

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The original was posted on /r/cryptocurrency by /u/Krirby2 on 2023-12-10 23:22:03+00:00.

3 years in the space ya'll never clicked a bad link or bought into scam project

Today I saw a new casino like project. Looked great, few views "early investment opportunity" (yeah right). Looked alright, they were vetted (another scam site) and had a telegram thing going.

I even had the cognizance to create a separate MM address since I didn't wanna link up with my own one.

Lesson learned. If it's too easy it's probably too good to be true. Stick to the vetted projects that other people actually reference. $65 down the drain but a lesson learned.

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The original was posted on /r/cryptocurrency by /u/gone4truck on 2023-12-10 20:10:53+00:00.

Say I have 10k in US dollars sitting on my bank account. What is the fastest and cheapest way to on-ramp that cash into cryptocurrency?

I've been using Coinbase, but I've noticed it takes a while for the funds to become available to transfer out of Coinbase into my wallet. I deposited 1k into Coinbase and turned it into USDC, but I cannot transfer out that USDC to my wallet for some reason. People have been telling me there is a waiting period. Some say 3 days, others say a week to up to 10 days.

Is there a quicker method to convert your USD into crypto and use it right away on DEXes?

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The original was posted on /r/cryptocurrency by /u/Hermes_Trismagistus on 2023-12-10 21:34:12+00:00.

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The original was posted on /r/cryptocurrency by /u/cr0n_dist0rti0n on 2023-12-10 20:24:07+00:00.

This is a well balanced article and I have to give credit to Cointelegraph and Robert Knight for doing a good job on that.

In relation to the topic at hand I’m certainly a multichainist. I’ve always found it ironic and an extraordinary feat of mental gymnastics to have the level of cognitive dissonance to be an any blockchain maximalist. This cognitive dissonance arises through the capacity to extol the virtues of decentralization while arguing for centralization. I think the article raises a valuable critique of Bitcoin Maximalism having the characteristics of religion. Generally the capacity for active cognitive dissonance is maximalized through religion and unsubstantiated faith.

I look forward to a member from the church of Bitcoin to rip me a new one 😁. After all, I deserve it. Let it fly. I only ask you attack my arguments and not me personally. Such arguments only diminish true dialogue.

That said I have thick skin so whatever…

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The original was posted on /r/cryptocurrency by /u/yelo_canu on 2023-12-10 20:05:44+00:00.

My son transferred eth and btc to his zengo wallet a year ago, it was received successfully but his balance shows no coins in the wallet and balance zero. We chatted with support and they sent pics showing that they see the coins in there. They then stopped responding and still no coins visible in the wallet. Any thoughts? I have screen shots of the support conversation showing the coins they see in the account also the screenshot of the zero balance in the account but I can't post them here. Any help would be appreciated as this is getting quite frustrating.

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The original was posted on /r/cryptocurrency by /u/gone4truck on 2023-12-10 20:10:53+00:00.

Say I have 10k in US dollars sitting on my bank account. What is the fastest and cheapest way to on-ramp that cash into cryptocurrency?

I've been using Coinbase, but I've noticed it takes a while for the funds to become available to transfer out of Coinbase into my wallet. I deposited 1k into Coinbase and turned it into USDC, but I cannot transfer out that USDC to my wallet for some reason. People have been telling me there is a waiting period. Some say 3 days, others say a week to up to 10 days.

Is there a quicker method to convert your USD into crypto and use it right away on DEXes?

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The original was posted on /r/cryptocurrency by /u/fap_fap_fap_fapper on 2023-12-10 20:04:45+00:00.

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The original was posted on /r/cryptocurrency by /u/fap_fap_fap_fapper on 2023-12-10 20:04:45+00:00.

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The original was posted on /r/cryptocurrency by /u/Osmosith on 2023-12-10 19:09:39+00:00.

As a Cosmos (ATOM) holder, it's hard not to feel a little spoiled, especially considering the plethora of airdrops that have showered down before the bear market and also recently, looking at Celestia (TIA). These unexpected windfalls have certainly sweetened the deal of holding ATOM, and it's essential to factor them into the broader picture when assessing the token's value.

Yes the price action wasn't so great in the last 18 months, but still it held up pretty great, and a lot better than other alts, even in the midst of the bear. But even in the darkest times I looked at my little bag favorably, because it gave me so many drops, that probably kept many people slightly greener then they thought, forgetting to factor in the drops they got (if they claimed in time, that is). Just to name a few of the presents Atom holders got, and there are still more to come:

1. Akash Network (AKT): Akash Network, a decentralized cloud computing marketplace, rewarded ATOM holders with AKT tokens. Roughly 5% of the total AKT supply was airdropped to ATOM holders.
2. Osmosis (OSMO): Osmosis, a decentralized exchange (DEX) built on the Cosmos network, airdropped OSMO tokens to ATOM holders. Roughly 10% of the total OSMO supply was distributed to ATOM holders.
3. EVMOS (EVMOS): EVMOS, a scalable and interoperable Ethereum Virtual Machine (EVM) compatible blockchain within the Cosmos ecosystem, conducted an airdrop for ATOM holders. Around 1% of the total EVMOS supply was distributed to ATOM holders.
4. Agoric (AGORIC): Agoric, a smart contract platform, conducted an airdrop for ATOM holders. Around 2% of the total AGORIC supply was distributed to ATOM holders.
5. Celestia (TIA): Celestia, a decentralized communication protocol, conducted an airdrop for ATOM holders. Around 3% of the total CEL supply was distributed to ATOM holders.

Honorable mention, because it had so much drama but still it had the most community governance participations in crypto history:

JUNO (JUNO): JUNO, a smart contract chain for the Cosmos ecosystem, host of DAODAO, conducted an airdrop for ATOM holders. Approximately 5% of the total JUNO supply was distributed to ATOM holders.

Also STARGAZE (STARS) and CHIHUAUA (HUAHUA) are great and started with nice airdrops.

So bottomline, thanks CosmosSDK and ATOM. Keep up the great work and I'm toasting to a thriving IBC ecosystem.

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The original was posted on /r/cryptocurrency by /u/_Jimmy_Rustler on 2023-12-10 19:31:47+00:00.

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The original was posted on /r/cryptocurrency by /u/_Jimmy_Rustler on 2023-12-10 19:31:47+00:00.

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The original was posted on /r/cryptocurrency by /u/drrevo74 on 2023-12-10 18:45:21+00:00.

In anticipation of altcoin season I am beginning to do my research. I'm interested in learning about the real world usecases for various alts and which ones have the most significant deals or uses in place. I am looking for things like SOL and Visa; foundational partnerships with major players in business and traditional finance that have the potential to drive widespread popular adoption and create significant utility. Who do you think has the most current or potential value beyond price speculation?

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The original was posted on /r/cryptocurrency by /u/drrevo74 on 2023-12-10 18:45:21+00:00.

In anticipation of altcoin season I am beginning to do my research. I'm interested in learning about the real world usecases for various alts and which ones have the most significant deals or uses in place. I am looking for things like SOL and Visa; foundational partnerships with major players in business and traditional finance that have the potential to drive widespread popular adoption and create significant utility. Who do you think has the most current or potential value beyond price speculation?