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submitted 22 minutes ago by [email protected] to c/[email protected]
The original post: /r/cryptocurrency by /u/DetroitMM12 on 2024-09-08 00:48:29.
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The original post: /r/cryptocurrency by /u/CryptoDaily- on 2024-09-08 00:00:31.

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 The prior exemption for karma and age requirements is no longer in effect.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.
  • Behave with civility and politeness. Do not use offensive, racist or homophobic language.
  • Comments will be sorted by newest first.

 

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Finding Other Discussion Threads

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The original post: /r/cryptocurrency by /u/partymsl on 2024-09-07 20:41:31.
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The original post: /r/cryptocurrency by /u/daltadka911 on 2024-09-07 19:28:44.
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The original post: /r/cryptocurrency by /u/goldyluckinblokchain on 2024-09-07 19:13:24.
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The original post: /r/cryptocurrency by /u/Abdeliq on 2024-09-07 19:04:39.
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The original post: /r/cryptocurrency by /u/Extreme_Nectarine_29 on 2024-09-07 19:03:35.
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The original post: /r/cryptocurrency by /u/Da_Notorious_HAM on 2024-09-07 18:48:30.
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The original post: /r/cryptocurrency by /u/goldyluckinblokchain on 2024-09-07 17:57:48.
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DataBot (youtu.be)
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The original post: /r/cryptocurrency by /u/Psychological-Ad9963 on 2024-09-07 16:40:52.
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The original post: /r/cryptocurrency by /u/hiorea on 2024-09-07 16:14:02.
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The original post: /r/cryptocurrency by /u/huh_danny on 2024-09-07 16:00:47.
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The original post: /r/cryptocurrency by /u/Heroic_gg on 2024-09-07 15:53:24.
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In It For The Tech (zerobytes.monster)
submitted 23 minutes ago by [email protected] to c/[email protected]
The original post: /r/cryptocurrency by /u/Obvious-Ad-1677 on 2024-09-07 15:50:18.

Once upon a time, there was a boy named Alex who had the financial wisdom of a YouTube comment section. He decided that crypto was his ticket to fame, fortune, and possibly a private island shaped like a doge. Armed with nothing but a smartphone, a vague understanding of blockchain, and an unhealthy amount of optimism, he took all his money—the entire $142.78 of his life savings—and threw it into cryptocurrency.

The first few months were magical. His investments were skyrocketing! Bitcoin was going to the moon! Ethereum was going to Mars! Some weird coin named after a sushi roll was going to Jupiter! Alex was convinced he was a financial genius. He even started wearing sunglasses indoors, the universal sign of someone who understands markets.

Every time the price dipped, Alex bought more. It didn’t matter if it was 3 a.m. and he had to wake up for school in four hours—he was there, buying the dip. He started working odd jobs to feed his addiction. He mowed lawns, washed cars, and even babysat his neighbor’s cat, Mr. Whiskers, who somehow paid better than all his other gigs combined. But it was worth it, because Alex knew he was going to be rich. Filthy rich. Jeff Bezos was going to be calling him for loans.

One day, Alex’s portfolio hit $50,000. Yes, fifty thousand dollars. He couldn't believe it. He looked at his screen like it was the face of a newborn child. He even tried to hug it, only to knock over his glass of orange juice and short-circuit his keyboard. But that didn’t matter. He could buy a thousand keyboards now! Life was good.

Then came The Day. You know, that day. The day when every crypto holder collectively whispered, “Oh no.”

At first, Alex thought it was just another dip. No problem, right? He'd just buy more. But this dip didn’t stop. It didn’t even slow down. It was like someone pressed the fast-forward button on the fall from grace. Bitcoin plummeted, Ethereum followed suit, and SushiSwap—well, it flopped like a day-old sushi roll.

Alex stared at his portfolio as his $50,000 evaporated faster than the promises of a Nigerian prince in an email. His life savings were now worth less than the cost of a Starbucks latte. In a last-ditch effort to salvage his pride, Alex sold all his remaining coins and walked away with a grand total of $3.27 and some digital breadcrumbs from Dogecoin.

But instead of freaking out, Alex did something truly remarkable. He stood up, stretched, and with the confidence of someone who had just mastered the art of denial, said, “I’m in it for the tech.”

https://www.redbubble.com/people/icraigle/shop?artistUserName=icraigle&asc=u&collections=4089371&iaCode=u-clothing&sortOrder=relevant

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submitted 23 minutes ago by [email protected] to c/[email protected]
The original post: /r/cryptocurrency by /u/Abdeliq on 2024-09-07 15:01:55.
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The original post: /r/cryptocurrency by /u/GabeSter on 2024-09-07 15:28:36.
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The original post: /r/cryptocurrency by /u/ezio313 on 2024-09-07 15:21:39.

Hey everyone,

I've been DCA-ing into crypto since January and could use some guidance. My portfolio is currently around 60% Ethereum, 20% Bitcoin, and 20% in altcoins (like Fantom, Fetch, Arcam, etc.). Unfortunately, I'm down around 60% overall — my altcoin investments alone are now worth around $500 to $700 from a total of $3,000, and my 1.5 ETH, bought at $3,500, hasn't fared much better.

I'm stuck wondering if I should just cut my losses and sell or hold tight. I know the market can be unpredictable, but I’d appreciate any thoughts on whether it makes sense to keep going with my current strategy or switch things up.

Has anyone been in a similar situation? What did you do, and how did it turn out for you?

Thanks in advance!

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submitted 10 hours ago by [email protected] to c/[email protected]
The original post: /r/cryptocurrency by /u/trefster on 2024-09-07 15:02:25.

During the last cycle it hit $43, and is currently sitting under $4. Coinbase also offers it's highest staking rewards for ATOM at around 15%. It seems like it's a great opportunity to dump some cash in, earn interest and wait for the next bull run. My concern is that the volume seems really low like hardly anyone is trading it. I've looked at various crypto site that explain what it is, it's utility, etc, but I can't really get a feeling for whether this is a dead project, or if it still has promise. Anyone have any insight?

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submitted 10 hours ago by [email protected] to c/[email protected]
The original post: /r/cryptocurrency by /u/lennethluna on 2024-09-07 14:00:06.
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The original post: /r/cryptocurrency by /u/bitcoin_islander on 2024-09-07 13:47:54.

This misconception is repeated in the crypto subs almost daily.

Market cap DOES NOT equal total money invested.

Marketcap = (# of coins in circulation) x ($ price per coin)

Price is whatever someone is willing to pay. Therefore marketcap is an imaginary number. Its not a real number of how many dollars are invested into a coin. It can be $1 or a quadrillion. Stop using this metric to justify things to yourself about a coin you like or dont like.

Example:

You have a tree, it can only make 100 apples. Someone buys 1 apple from you for $1 and just like that suddenly the marketcap of all apples your tree made is $100. Did someone give you this $100? No. Marketcap is an imaginary metric, not the number of dollars someone handed you.

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submitted 10 hours ago by [email protected] to c/[email protected]
The original post: /r/cryptocurrency by /u/Kindly-Wolf6919 on 2024-09-07 12:47:50.
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The original post: /r/cryptocurrency by /u/No-Elephant-Dies on 2024-09-07 12:37:12.
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The original post: /r/cryptocurrency by /u/Abdeliq on 2024-09-07 11:12:27.
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submitted 10 hours ago by [email protected] to c/[email protected]
The original post: /r/cryptocurrency by /u/kirtash93 on 2024-09-07 10:58:23.
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