Cryptocurrency News & Discussion

The original post: /r/cryptocurrency by /u/KIG45 on 2024-12-28 15:20:22.

The original post: /r/cryptocurrency by /u/WineMakerBg on 2024-12-28 15:15:53.

Banks wetting their eyes at Tether's profits.

Tether: "Told You So"

The original post: /r/cryptocurrency by /u/33nmakkie on 2024-12-28 14:05:39.

If you invested in BTC at the top of 2021 bull market or on the same day in the Nasdaq 100 ETF

You would on BTC top of 2024 or 108K had the same profits with BTC than with Nasdaq 100 on that day.

BTC/NDX

If you invested in BTC at the top of 2021 bull market or on the same day in the SP500 index ETF

You would now on 28dec 2024 have the same profits with BTC then with SP500 ETF

BTC / SPX

If you invested in BTC at the top of 2021 bull market or on the same day bought GOLD

You would now on 28dec 2024 have the same profits with BTC then with GOLD

BTC/ XAU (GOLD)

If you invested in BTC at the top of 2021 bull market or on the same day bought a basket of the top ALTCOINS

You would now on 28dec 2024 have at least 50% less money than if you invested in BTC on that day.

TOTAL2 / BTC

CONCLUSION:

If dec 2024 was the top, then why invest in technology and risking a higher loss in a bear markets versus investing in GOLD.

Higher risk by investing in technology always have higher returns in a bull market versus GOLD = inflation gains.

= dec 2024 could not be the top for ALTCOINS yet in this bull market.

The original post: /r/cryptocurrency by /u/Shiratori-3 on 2024-12-28 13:44:31.

Good work these guys. Burgers need to get behind them.

The lawsuit alleges that the IRS’ latest rulemaking exceeds the agencies’ statutory authority and violates the Administrative Procedure Act.

The original post: /r/cryptocurrency by /u/itsRokinjosh on 2024-12-28 11:36:43.

The original post: /r/cryptocurrency by /u/Robinhudloom on 2024-12-28 11:09:47.

Satoshi Nakamoto is "The One" "The Messiah" "The last coming" "The Last Buddha"

By now you should have already figure this out...

I am Satoshi Nakamoto, and I believe that you are Satoshi nakamoto, if a person doubt that you are not Satoshi nakamoto, then his is not (yet) Satoshi nakamoto.

So yes everyone is Satoshi Nakamoto.

Just always find the balance within yourself..

and yes you will be Millionaire in USD (or billionaire in USD) soon. Yes I believe you, that is why you trusted Bitcoin in the first place Nakamoto Satoshi-san. But please when you become a millionaire/billionaire, do not lose the satoshi in you..

この時点で、あなたはすでにこれを理解しているはずです...

私はサトシ・ナカモトであり、あなたはサトシ・ナカモトであると信じています。もし誰かがあなたがサトシ・ナカモトではないと疑うなら、その人は（まだ）サトシ・ナカモトではありません。

そう、誰もがサトシ・ナカモトなのです。

ただ常に自分の中でバランスを見つけてください。

そう、あなたはすぐにミリオネア（米ドルで億万長者）になるでしょう。はい、私はあなたを信じます、だからあなたはそもそもドージコインを信頼したのです、ナカモト・サトシさん。

The original post: /r/cryptocurrency by /u/Experimentationq on 2024-12-28 10:24:46.

The original post: /r/cryptocurrency by /u/hiorea on 2024-12-28 08:58:44.

The original post: /r/cryptocurrency by /u/Every_Hunt_160 on 2024-12-28 08:55:17.

The original post: /r/cryptocurrency by /u/Perspective_Designer on 2024-12-28 06:52:07.

For context I’m a student who’s quite new to investing/gambling and have contributed around 1.6-1.8k in both a tfsa and crypto. I have a few crypto plays I want to pursue but would have to liquidate some of my holdings in my tfsa to pursue them for hopefully bigger gains. Luckily, I don’t need the money in the foreseeable future and want to risk a little more for more profits at this point in my life. Is this a horribly bad idea given to volatility of crypto at the moment? Or a worthy risk given the large profits.

Thanks!

The original post: /r/cryptocurrency by /u/hiorea on 2024-12-28 05:37:36.

The original post: /r/cryptocurrency by /u/MechnicalEgg27 on 2024-12-28 05:10:26.

I understand the question is very vague, but I am completely new to crypto and investing in stocks, I know absolutely nothing about it but I’m thinking of getting into investing in some companies like Boeing or Lockheed Martin. I’m open to trying some cryptos or stocks and I understand I won’t see a return for a bit of time most likely and I understand I may even lose money. But I’m not sure how to go about these things, is there apps for my phone? How does this all work? Can someone give me a head start please or some advice? Thank you in advance

The original post: /r/cryptocurrency by /u/Experimentationq on 2024-12-28 04:24:00.

The original post: /r/cryptocurrency by /u/notdoreen on 2024-12-28 02:51:13.

Let's say hypothetically, I bought certain coins on a SOL wallet that doesn't require any personal identifiable information to set up.

I funded this wallet by sending USDC from a different wallet, the bought other coins with the USDC.

If hypothetically speaking I ended up making a large sum of money by converting gains to USDC, how will it work if I later decided to sell this USDC for fiat and send into a bank account?

Who will come knocking and what questions will I have to answer?

If hypothetically speaking I made 5M from a 10k investment, how exactly will anyone know this unless I tell them? What if I say I started with 2.5M already?

The original post: /r/cryptocurrency by /u/Abdeliq on 2024-12-28 00:03:43.

The original post: /r/cryptocurrency by /u/CragBawz on 2024-12-27 22:00:54.

The original post: /r/cryptocurrency by /u/cannainform2 on 2024-12-27 21:00:26.

The original post: /r/cryptocurrency by /u/Banker_dog on 2024-12-27 19:27:41.

As the title suggests, I’ve been doing some research on X, specifically focusing on the value and utility of the WMTX token. However, my findings so far have been underwhelming. It seems that most of the information available is part of what looks like a coordinated and possibly paid marketing campaign distributed across major influencer accounts. This kind of promotional strategy is often designed to create hype but, in this case, appears to be falling short of its mark, as the engagement levels are quite low. That’s my first red flag right there.

At a high level, the overall project does seem promising. It addresses what appears to be a genuine market gap, and the concept behind it is intriguing. However, despite the potential merits of the project itself, I’m struggling to understand the practical value of holding the WMTX token. From what I’ve seen so far, there’s very little clarity or compelling information available about what the token actually does or how it provides value to holders beyond mere speculation.

This lack of clarity raises a critical question: is WMTX just another utility token with no real utility? Or is there an actual use case that hasn’t been effectively communicated? Without more transparent and detailed information, it’s hard to assess whether this is a token with long-term potential or just another speculative asset tied to a promising-sounding project.

I’m genuinely looking to understand the pros and cons of WMTX better. On the pro side, I’d like to know if there are any unique mechanisms that reward token holders, whether through staking, governance, or any other means. Are there clear incentives for holding the token, such as discounts, priority access, or exclusive benefits tied to the project? Does WMTX have a role in driving the adoption or success of the platform, or is it simply a fundraising mechanism?

Conversely, on the con side, the low engagement on the marketing efforts is concerning, as it suggests either a lack of genuine community interest or ineffective communication from the team. Another potential downside is the lack of transparency around tokenomics—key details like supply distribution, inflation, or deflationary mechanics remain unclear. If the token’s value is purely speculative with no underlying utility, it might face challenges in retaining value once the initial hype fades.

I’m looking for a balanced discussion. If anyone has deeper insights into WMTX, especially its value proposition and use cases, I’d love to hear them. Right now, I’m left questioning whether the hype around the project is justified or if it’s just smoke and mirrors.

Appreciate the thoughts and insights

The original post: /r/cryptocurrency by /u/lillyofthedesert on 2024-12-27 17:27:29.

I am new to crypto. Still in my infancy stages of deep diving. I realize that each crypto is either based on another crypto, or has a specific task that it is performing to create its place. I'm not sure that I used any of the right words there, but that is the level of my understanding at this moment.*

I recently read an article that said with the current way things are going in the larger digital world, it's inevitable for banks and stock markets to move on chain. But the article didn't say which block chain. So my question is, what block chains would appeal to these types of transactions? Would it just be xrp (that's bank transaction performance, correct?) or am I still too shallow in my understanding of how all this works?

And if there is more than one crypto, how do institutions decide which block chains to work with to process bank or stock transactions?

I am definitely trying to learn with a lot of Internet time spent on this currently. But the more I search, the more iminnundated with false claims of get rich quick schemes and exorbant promises of what all these chains can do to make me rich. But finding specific a transactions use and scope and explainations to help me understand what each block chain does is mostly alluding me.

*any suggestions on resources where I can try and understand more about each individual cryptos differences would be greatly appreciated as I seem to be currently going in a circle instead of going deeper in my understanding

The original post: /r/cryptocurrency by /u/goldyluckinblokchain on 2024-12-27 19:55:38.

The original post: /r/cryptocurrency by /u/Jimmy_Page_69 on 2024-12-27 19:17:54.

ive recently seen it rocket to become the 4th largest meme coin in a matter of a week since release. I havent seen one youtuber shill it, no ads to be seen on any of my platforms. Where did all this money come from to Flow into this meme and havent even seen one bot comment on reddit shill it. I thought the crypto community was all in agreement that NFTs will always be seen as bottom tier trash bets. But a meme coin that is backed by NFTs? Ooof thats a double whammy on the level of hawk tuah.

Is this just another cabal coin like brett? Purely funded by VCs?

The original post: /r/cryptocurrency by /u/KIG45 on 2024-12-27 17:54:13.

The original post: /r/cryptocurrency by /u/DaRunningdead on 2024-12-27 17:47:09.

The original post: /r/cryptocurrency by /u/trucker-123 on 2024-12-27 16:27:34.

Hi, I started reading some comments on this subreddit that 70% of cryptocurrency investors lose money. I investigated the source of this figure, and the closest I can find is this article: https://plasbit.com/crypto-basic/why-people-lose-money-on-crypto

70% is cited 3 times in that article, but the most relevant quote from that article is this line:

Markets are irrational, and people are the driving force behind the prices' movements. If the majority of people act in the same way, and the majority of people (over 70%) lose money on crypto, you can easily understand that "doing what others do" is not a convenient choice.

I looked for references in this article to find where this 70% figure came from for cryptocurrency investors, but no references were listed. I also searched on Google for this 70% figure but I can't find any study that hows 70% of cryptocurrency investors lose money.

Does anybody know where this 70% figure for cryptocurrency investor comes from? I would love to know the source (hopefully the source is not this article because that article doesn't show where they got the 70% figure from). Thank you.

The original post: /r/cryptocurrency by /u/hiorea on 2024-12-27 16:07:40.