Cryptocurrency News & Discussion

The original post: /r/cryptocurrency by /u/watch-nerd on 2024-12-27 12:47:23.

Lots of alt chains on the market and you may be wondering:

Am I making a long term investment in a chain that has usage and will continue to grow over time?

Or am I buying into a ghost chain with little to no activity and long term prospects?

Here are bridge flows for the top alt (non-BTC) chains.

Inflows go left to right, outflows go right to left. So a bar that is bigger on the right means the chain has more inflows than outflows. And if the bar is bigger on the left, it means the chain has more ouflows than inflows.

https://preview.redd.it/7deltfhzwd9e1.jpg?width=776&format=pjpg&auto=webp&s=52c50ca618ffea998312493bb6f5066ca4005867

A couple of observations stand out:

1. Solana, Ethereum, and the largest Ethereum L2s (Arbitrum, Base) absolutely dominate the flow picture.
2. This is really a two-horse race between the Solana ecosystem and the Ethereum ecosystem.
3. Some alt L1s that have been in the market for more than one cycle (Avalanche, Polygon, Fantom) are no longer young and growing, but appear instead to be withering and declining as network effects accrue to the biggest winners.
4. Base and Arbitrum have more inflows than outflows. Perhaps surprisingly for an Ethereum L2, Arbitrum is having a lot of inflows from Solana. Whereas Base's inflows seem more diffuse.
5. Once you get out of the big dogs, BNB is hanging in there, but still has more outflows than inflows, much of it to Solana, but really just bleeding in multiple directions.
6. Lots of Reddit Cryptocurrency darlings like ADA and ALGO don't even make the graph.

Credit to deBridge for original creation of the graph.

https://x.com/deBridgeFinance/status/1872198170014593456

The original post: /r/cryptocurrency by /u/Silver-Maximum9190 on 2024-12-27 12:30:33.

The original post: /r/cryptocurrency by /u/Shiratori-3 on 2024-12-27 12:25:41.

For the first time, the National Bank of Cambodia (NBC) has allowed commercial banks and payment institutions to provide services involving Category 1 crypto assets, including backed or stable cryptocurrencies. However, unbacked cryptocurrencies, such as Bitcoin, remain prohibited.

The directive aims to regulate operations and businesses involving digital currencies, reflecting the country’s effort to keep pace with global financial innovations.

Under the directive, all commercial banks or payment institutions wishing to provide crypto-related services must seek prior approval from NBC. Institutions granted authorisation can engage in activities such as exchanging crypto assets for fiat currencies or vice versa, transferring crypto assets between accounts and providing custody services for crypto assets. However, they are explicitly prohibited from using their customers’ crypto assets for their own purposes.

Historically, Cambodia has banned cryptocurrency transactions and trading due to the associated high risks, including money laundering, fraud and illicit activities within the black market.

The original post: /r/cryptocurrency by /u/MusaRilban on 2024-12-27 12:15:49.

What's your favourite low-key Crypto? We've all got that one.. I'm sure.

Is it Nano? (Sad this can be described as such now, a true DINO coin IMO).

Ergo? We all remember when that was the lovechild of this sub right? Looks primed for a run.

Any Cortex holders here? I did hear a lot of AI buzz around this one.

What have we got? Curious what the r/CC views are on the above too. Nano, an old beloved coin. Ergo, a huge pump last cycle but no attention now. Cortex, a new coin that sits nicely in the current AI hype. Three very different projects, is there room for them all to succeed?

Disclaimer: I don't hold 2/3 of the mentioned assets... Guess what I'm in?

The original post: /r/cryptocurrency by /u/4inalfantasy on 2024-12-27 11:50:53.

The original post: /r/cryptocurrency by /u/BlazingJava on 2024-12-27 11:12:17.

In 2021 I had this portfolio which I added my expectations of price target of each.

Keep in mind I was still in my second year in this rodeo

https://preview.redd.it/d25ws0r6jd9e1.png?width=873&format=png&auto=webp&s=8b5222d5c87e8b2704bdec99e31e4fb1e52288c8

To all those that say "diversify is key", It's not, It's trash. It's way more important to find good projects rather than throw money at +20 tokens and know not a single one.

Disclamer, I ended this portfolio in less than a month, as I realized I didn't understand these projects enough to hold them with certainty.

I've shifted my strategy so I can follow each investment and get to know the devs & the people involved.

The original post: /r/cryptocurrency by /u/Daalex20 on 2024-12-27 10:22:08.

So how do you guys run crypto things on your daily driver?

I really dont want to get a second setup/laptop. If theres news in a Discord channel or something, I want to get going as fast as possible and not have a second laptop standing next to my setup or something. However, since I also download stuff for my daily life and gaming, I would LOVE to separate these two topics as much as possible - for the case that I one day download something malicious for gaming or something and I dont want Crypto to be affected.

Is it sufficient, if i simply run a Virtual Machine on my PC? Or how do you guys separate these 2 topics as much as possible, without giving up too much "comfort"? (I also just dont have space for a second setup and dont want to spend money on a second pc)

The original post: /r/cryptocurrency by /u/Snore_Face_Siren on 2024-12-27 10:20:16.

Hey everyone,

Here’s an update on the setup I mentioned yesterday.

The price hit the level and surged quickly in just a few minutes, leaving no chance for a pullback.

Currently, we’re up 3%, and the trend looks strong, supported by demand level pressure.

I see this as a clear uptrend and anticipate it could reach at least 104K within 2–3 days.

Check out the chart—it was a spot-on entry point!

Additionally, we’ve opened long positions in altcoins like XLM and SHIB, which are showing similar momentum.

Chart Link

https://preview.redd.it/7553dowfcd9e1.png?width=778&format=png&auto=webp&s=75a762b4b1d83632132cc543357f91a387e798b1

The original post: /r/cryptocurrency by /u/CriticalCobraz on 2024-12-27 09:46:26.

Original Title: India leads in Crypto adoption - With an estimated 190 million people in India lacking access to formal banking services, cryptocurrencies offer an alternative financial system that's easy to access with just a smartphone & internet access

The original post: /r/cryptocurrency by /u/ChemicalAnybody6229 on 2024-12-27 08:32:39.

The original post: /r/cryptocurrency by /u/kirtash93 on 2024-12-27 08:12:17.

The original post: /r/cryptocurrency by /u/hiorea on 2024-12-27 08:04:12.

The original post: /r/cryptocurrency by /u/leftwing79 on 2024-12-27 07:50:46.

I just received an email from moon pay with “my login code”. I’m not logging in (was just watching tv doing nothing) and I didn’t even know what moon pay was. Is this a scam or is someone legitimately trying to log in with my info and access a wallet or something?

There are no links to click in the email; I expected a “not trying to log in? Click here”. But it just says “not trying to log in? You can safely ignore this email”, which seems very strange.

Maybe I made a moonpay account years ago and just forgot, but still I’m not trying to log into anything at all recently.

The original post: /r/cryptocurrency by /u/SupernovaTheGrey on 2024-12-27 07:35:11.

The original post: /r/cryptocurrency by /u/BigRon1977 on 2024-12-27 04:20:51.

The original post: /r/cryptocurrency by /u/IVdeltaAndStuff on 2024-12-27 03:45:16.

Hey crypto OGs and degens (and everyone in between),

I’m a wealth advisor exploring whether it’s worth getting certified as a CBDA (Certified Blockchain and Digital Assets) professional through the Digital Assets Council of Financial Professionals (DACFP). On paper, it seems legit—the leadership looks solid, and they seem to have their act together. But let’s be real, a shiny badge doesn’t always mean much in the trenches of the crypto world.

Here’s where I need your brutally honest takes (I know you’ll deliver):

• Would you, as a hardcore crypto enthusiast, see value in your wealth advisor holding this certification?

• Does it signal credibility, or does it just scream “here’s another TradFi trying to infiltrate our world”?

• Have any of you come across this cert before, and does it actually hold weight in the crypto ecosystem?

Feel free to tell me if I’m chasing smoke here or if this could actually be a differentiator when working with folks who get it in the crypto space.

Bonus question: If your advisor could speak your language (e.g., not calling everything “Bitcoin” and knowing the difference between DeFi and a meme coin rug), does that actually matter, or are we all just trusting our ledger seeds and vibes at this point?

Let the roast begin—I know how y’all roll. Seriously, though, I’d love your perspective. If it’s trash, I’ll save my fiat for more BTC, but if it’s worth something, I’ll consider it a worthwhile investment.

Fire away.

The original post: /r/cryptocurrency by /u/IcArUs362 on 2024-12-27 02:21:26.

As someone who has been around since early '15 (and around seriously since May 2020), I've been a part of my fair share of variable crypto communities--some wonderful, many the opposite of wonderful. I totally understand the fact that there's always been a Libertarian streak running through the middle of the community at large--being that crypto as a whole started as a Cypherpunk / Libertarian-adjacent resource--but for the life of me I cannot ever wrap my head around why anytime I try to venture any deeper than surface level into any inter-community groups, I inevitably find like 80% of the membership thereof to be made up entirely of far-right, conservative, often extremely racist, misogynistic, transphobic, xenophobic, bigoted, waterheaded mouth breathers?!

I CONSTANTLY feel like the outlier / weirdo for being a leftist (aka decent human being) who likes the tech behind crypto... I wish I could find more like-minded crypto enthusiasts (preferably not full on memecoin degens lmao) who shared my common values, but at this point I'm convinced it's next to impossible.

Do any of you happen to know any decent groups made up of even just non-conservative or non-MAGA nutjobs, within the space at hand? Any info would be much appreciated. Alternatively, what do yall think abt the idea of me creating a leftist leaning crypto community from the ground up? Just a thought.

Anyway, sorry if I offended anyone with the above. I'm a little frustrated if ya couldn't tell lol. Thanks again, in advance. Hope to hear from a lot of you.

I hope you all had a wonderful Christmas / holiday season!! Stay safe out there!! 🤙

The original post: /r/cryptocurrency by /u/Every_Hunt_160 on 2024-12-27 01:05:25.

The original post: /r/cryptocurrency by /u/tupidataba on 2024-12-27 00:14:14.

The original post: /r/cryptocurrency by /u/DangerHighVoltage111 on 2024-12-26 16:04:55.

The original post: /r/cryptocurrency by /u/Beyonderr on 2024-12-26 15:01:29.

The original post: /r/cryptocurrency by /u/Cannister7 on 2024-12-26 04:04:06.

I came across one, $AUDD , I'm just wondering if anyone knows of any more and if anyone uses them for holding funds. Also if anyone has any opinions on them, I guess using a smaller, lesser known stablecoin could be more risky (of collapse etc.)?

For one reason or another that I don't need to go into (but actually not to do with tax), when I cash out next year, I'm going to need to hold for a while on my cold wallet, instead of cashing out to the bank. But I'd feel better having an amount measured in AUD (since that's what I started off with), than hold in USDC, for example and then potentially see it drop in value in AUD terms. I understand that AUD can also drop in value against the USD or in purchasing power terms, but I guess that won't 'feel' as bad.

Just wondering if any other Aussies have been in this situation and used a stable AUD token?

The original post: /r/cryptocurrency by /u/limevince on 2024-12-26 03:41:32.

The original post: /r/cryptocurrency by /u/Da_Notorious_HAM on 2024-12-27 04:04:06.

The original post: /r/cryptocurrency by /u/watch-nerd on 2024-12-27 01:03:40.

Not my words, but it's an interesting observation:

"In the 2017–18 cycle, new money entered after reading lengthy white papers or watching detailed analyses of those papers.

They gained substantial context before making investment decisions.

In the 2020–21 cycle, new money entered after watching 10–15-minute long shill videos

They had relatively much less context than the previous cycle but still received some information before investing.

In the current cycle, new money is entering through two mainstream channels — TikTok and Instagram, which cater to people with the shortest attention spans and the highest levels of instant gratification in the world.

They are spending less than a minute deciding on their next investment.

Context has officially died.

Greed is reaching peak levels.

The majority of new money will end up losing capital as a result, and the sad part is that they will label crypto a scam without even taking the time to understand what it was all about."

https://x.com/hmalviya9/status/1871860176812224604