The original post: /r/cryptocurrency by /u/Wise-Grapefruit-1443 on 2024-12-24 00:41:47.

The original post: /r/cryptocurrency by /u/CryptoDaily- on 2024-12-24 00:00:23.

---

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 The prior exemption for karma and age requirements is no longer in effect.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.

---

 

Useful Links:

• Beginner Resources
• Intro to r/Cryptocurrency MOONs 🌔
• MOONs Wiki Page
• r/CryptoCurrency Discord
• r/CryptoCurrencyMemes
• Prior Daily Discussions - (Link fixed.)
• r/CryptoCurrencyMeta - Join in on all meta discussions regarding r/CryptoCurrency whether it be moon distributions or governance.

---

 

Finding Other Discussion Threads

Follow a mod account below to be notified in your home feed when the latest r/CC discussion thread of your interest is posted.

• u/CryptoDaily- — Posts the Daily Crypto Discussion threads.
• u/CryptoSkeptics — Posts the Monthly Skeptics Discussion threads.
• u/CryptoOptimists- — Posts the Monthly Optimists Discussion threads.
• u/CryptoNewsUpdates — Posts the Monthly News Summary threads.

The original post: /r/cryptocurrency by /u/darkrai3224 on 2024-12-23 23:03:45.

---

There will never be a crypto project that's successful, especially one endorsed by an influencer, you have better odds at making money going to a casino than with crypto. Lets look at some honorable mentions of influencers being a part of rug pulls, Logan Paul with crypto zoo, the Hawk Tua girl with her "meme coin", Andrew Tate, KSI, Even mr. beast allegedly is a part of one (even if he wasn't aware of it). I can't believe this has to be said after all the scams that have happened since the release of crypto, if your still going to do crypto just stay with the "safe" ones such as bitcoin. Feel free to prove me wrong though. Don't be stupid and have a good Christmas.

The original post: /r/cryptocurrency by /u/sadiq_238 on 2024-12-23 21:55:18.

The original post: /r/cryptocurrency by /u/sadiq_238 on 2024-12-23 21:54:45.

The original post: /r/cryptocurrency by /u/partymsl on 2024-12-23 21:54:29.

The original post: /r/cryptocurrency by /u/goldyluckinblokchain on 2024-12-23 20:51:28.

The original post: /r/cryptocurrency by /u/kirtash93 on 2024-12-23 20:28:37.

The original post: /r/cryptocurrency by /u/f0xinaround on 2024-12-23 18:26:19.

The original post: /r/cryptocurrency by /u/Silver-Maximum9190 on 2024-12-23 17:25:53.

The original post: /r/cryptocurrency by /u/broken_throw_away__ on 2024-12-23 17:13:46.

---

Now you can pay Monotributo (Argentina's simplified tax regime for small businesses and independent contractors) using cryptocurrencies. How it works: * Use authorized Argentine crypto exchanges. * Your crypto is automatically converted to pesos. * Pay your Monotributo with the converted funds.

The original post: /r/cryptocurrency by /u/InclineDumbbellPress on 2024-12-23 16:23:10.

The original post: /r/cryptocurrency by /u/AutisticGayBear69 on 2024-12-23 15:18:51.

---

Stop clicking random links!

The original post: /r/cryptocurrency by /u/Joe-M-4 on 2024-12-23 14:19:17.

---

EXPERIMENT - Tracking 2023 Top Ten Cryptocurrencies – Month Twenty-Three - Up +248%

Find the full blog post with all the tables and graphs here.

Welcome to your monthly no-shill data dump: Here's the report for the 23th month of the 2023 Top Ten Experiment featuring BTC, ETH, BNB, XRP, BUSD, DOGE, ADA, MATIC, DOT, and LTC.

SNAPSHOTS ALWAYS TAKEN ON FIRST OF THE MONTH (data below reflects 1 DEC Snapshot).

tl;dr

• What's this all about? I purchased $100 of each of Top 10 Cryptos in Jan. 2018, haven't sold or traded, reporting monthly for 7 years for your reading pleasure. Did the same in 2019, 2020, 2021, 2022, 2023, and 2024. Learn more about the history and rules of the Experiments (including why in the world I would include stablecoins) here. Learn more about the features in this year's (2024) Top Ten Experiment here.
• NOV Highlights: All green month, XRP nabs both the monthly and overall leads, DOGE in second.
• The 2023 portfolio is +248% since inception vs. +58**%** from the S&P500. DCA'ing once a year into Top Ten Cryptos for the last 7 years has produced better returns than if you'd done the same with the S&P 500 over the same time period (+366% vs S&P500's +75% - see below for details).

Month Twenty-Three – Up +248%

https://preview.redd.it/ohafcv3rwl8e1.png?width=1101&format=png&auto=webp&s=2031e6668254e82c0533ba908e9e00ffa09e218a

The 2023 Top Ten Crypto Index Fund Portfolio is BTC, ETH, BNB, XRP, BUSD, DOGE, ADA, MATIC, DOT, LTC.

November highlights for the 2023 Top Ten Portfolio:

• All green month
• XRP takes the monthly victory
• Overall: From fifth place last month, XRP jumps into the overall lead. DOGE is in second followed by BTC.  MATIC/POL is in last place and the only crypto in negative territory.

November Rankings

Here’s a look at the movement in the ranks twenty-three months into the 2023 Top Ten Index Fund Experiment – 60% of the projects have dropped out of the Top Ten since January 2023:

https://preview.redd.it/mh6as0kuwl8e1.png?width=331&format=png&auto=webp&s=e9136d6deda0133b9b91bd3843d7d3f26b6a3771

November Winners and Losers

November Winners – XRP gained a massive +319% this month followed by ADA (+222%)

November Losers – At +13% BNB was the worst performer of the month

Overall Update: XRP ahead followed by DOGE in second.  MATIC is in last place.  90% of cryptos in the green.

XRP (+568%) came out of nowhere this month, jumping from fifth to first place, overtaking DOGE, BNG, ETH, and BTC in the process.  

The initial $100 invested in XRP twenty-three months ago is worth $669 today. 

90% of the 2023 Top Ten cryptos are in positive territory this year.  Only MATIC/POL (-21%) is in negative territory.

Overall return on $1,000 investment since January 1st, 2023:

https://preview.redd.it/6l7ra7nxwl8e1.png?width=304&format=png&auto=webp&s=1e8ab86231d5c4a1f67996ffaf283f90dd5a8c5b

The 2023 Top Ten Portfolio ended November up +248%.  The initial $1000 investment on New Year’s Day 2023 is now worth $3,483.

2023 Top Ten Portfolio vs. The Alongside Crypto Market Index Token (AMKT)

Last year I ran a friendly competition between The 2023 Top Ten Portfolio and The Alongside Crypto Market Index Token (AMKT).  

AMKT is an ERC-20 token that represents a cap weighted index of 15 Cryptocurrencies (minus stablecoins) backed 1:1 by the underlying assets represented within the index and completely onchain.  

Since the index represents approximately 95% of the value within crypto, AMKT was an excellent proxy for the entire cryptocurrency market – exactly what my Top Ten Portfolios have been trying to recreate from the start.  At the beginning of 2023, $1,000 USD was worth 17.15 AMKT.  

Here was the result of that side Experiment:

https://preview.redd.it/0wy9kpzzwl8e1.png?width=811&format=png&auto=webp&s=bb1acaee487148925286b0810e4d7a98436123e9

Overall winner: The Alongside Crypto Market Index Token (AMKT).  

In the end, it really wasn’t close – AMKT took 9 out of 12 monthly victories and held the overall lead throughout 2023, returning +141% vs. my Top Ten’s 73%.

At the end of 2023, the value of the AMKT provided by Alongside for the Experiment was donated to The Michael J. Fox Foundation for Parkinson’s Research.  Since I’m repeating the friendly competition in 2024, I’ll make another donation soon.

And what if I held that 17.15 AMKT until today?  It would be worth $4,459 vs. the 2023 Top Ten Portfolio’s $3,483.

Combining the 2018, 2019, 2020, 2021, 2022, 2023, and 2024 Top Ten Crypto Portfolios

The 2023 Top Ten is one of seven concurrent experimental portfolios.  Where do we stand if we combine all of the Top Ten Crypto Index Fund Experiments?

• 2018 Top Ten Experiment: up +79% (total value $1,789)
• 2019 Top Ten Experiment: up +756% (total value $8,559)
• 2020 Top Ten Experiment: up +999% (total value $10,994) (best performing portfolio*)*
• 2021 Top Ten Experiment: up +369% (total value $4,694)
• 2022 Top Ten Experiment: down -1% (total value $991) (worst performing portfolio*)*
• 2023 Top Ten Experiment: up +248% (total value $3,483)
• 2024 Top Ten Experiment: up +110% (total value $2,100)

Taking the seven portfolios together:

After a $7,000 total investment in the 2018, 2019, 2020, 2021, 2022, 2023, and 2024 Top Ten Cryptocurrencies, the combined portfolios are worth $32,611

That’s up +366% on the combined portfolio.

For context, the peak  for the combined Top Ten Index Fund Experiment Portfolios was November 2021’s all time high of +533%.  

Here’s the combined monthly ROI since I started tracking the metric in January 2020 for those who do better with visuals:

https://preview.redd.it/1ekdqbg3xl8e1.png?width=1074&format=png&auto=webp&s=9488ddf26ae1076e238575dc9b8f7e7425fd62a6

In summary: That’s a +366% gain by investing $1k on whichever cryptos happened to be in the Top Ten on January 1st (including stablecoins) for seven straight years.

Comparison to S&P 500

I’m also tracking the S&P 500 as part of my Experiment to have a comparison point to traditional markets.

https://preview.redd.it/rg3pvk46xl8e1.png?width=1156&format=png&auto=webp&s=005c8b82dc8a0e4d9158f0363f0ef79c5d65efe9

The S&P 500 is up +58% so far in 2023, compared to the Top Ten Crypto portfolio’s +248%.  The initial $1k investment into crypto on New Year’s Day would be worth $1,575 had it been redirected to the S&P.  

Taking the same invest-$1,000-on-January-1st-of-each-year approach with the S&P 500 that I’ve been documenting through the Top Ten Crypto Experiments, the yields are the following:

• $1000 investment in S&P 500 on January 1st, 2018 = $2,262 today
• $1000 investment in S&P 500 on January 1st, 2019 = $2,413 today
• $1000 investment in S&P 500 on January 1st, 2020 = $1,872 today
• $1000 investment in S&P 500 on January 1st, 2021 = $1,610 today
• $1000 investment in S&P 500 on January 1st, 2022 = $1,269 today
• $1000 investment in S&P 500 on January 1st, 2023 = $1,575 today
• $1000 investment in S&P 500 on January 1st, 2024 = $1,268 today

Taken together, the results for a similar approach with the S&P: 

After seven $1,000 investments into an S&P 500 index fund in January 2018, 2019, 2020, 2021, 2022, 2023, and 2024 my portfolio would be worth $12,269.

That is up +75% since January 2018 compared to a +366% gain of the combined Top Ten Crypto Experiment Portfolios.  

The visual below shows a comparison on ROI between a Top Ten Crypto approach and the S&P as per the rules of the Top Ten Crypto Experiments: 

https://preview.redd.it/2u8okusaxl8e1.png?width=1156&format=png&auto=webp&s=0ab05a57a5db843672f3e22c9ea6bff17be82c3e

Conclusion:

To the long time followers of the Top Ten Experiments, thank you for sticking around so long. For those just getting into c...

---

Content cut off. Read original on https://old.reddit.com/r/CryptoCurrency/comments/1hkop0t/i_bought_1k_of_the_top_10_cryptos_on_january_1st/

The original post: /r/cryptocurrency by /u/DHalps2323 on 2024-12-23 21:27:44.

---

IMHO, I think the next step might be to make it possible to get loans off of Bitcoin... And I think that increased regulation and better clarity will help tremendously here. Saylor has even alluded to this too...

For example, if you're looking to buy a home you might consider selling your BTC... What if instead, you could just get a loan off your BTC instead? This way you can keep your BTC and use it as collateral. Plus, if you do not sell your BTC then you do not create a taxable event, and then there's no taxes on a loan either. By avoiding taxes, you save and that in itself may make it a very enticing offer.

Better regulations and clarity can certainly help a lot... What if BTC is seen as more than just a "store of value' or 'digital gold'? How much can that help BTC if there's an increase in usage & utility? If people do not have to sell BTC (and can HODL forever), then that will certainly make the supply go down and demand go up, right?

I was recently listening to a podcast on this and it seems the details need to be worked out more. I have heard places talking about adjusting the loan as BTC goes up and gown down by increasing/decreasing the loan amount, or just doing a flat percentage to value (ex: 75% loan to BTC value) and/or by adjusting the interest rate as it changes.

I wonder if many will be overly skeptical of this since there's many horror stories from the past with exchanges and bad actors... Regulation can certainly help here though... WHAT DO YOU ALL THINK? Greatly appreciate any & all opinions. TIA!

The original post: /r/cryptocurrency by /u/Haunting_Ad_9486 on 2024-12-23 21:25:43.

The original post: /r/cryptocurrency by /u/Odd-Radio-8500 on 2024-12-23 21:11:42.

The original post: /r/cryptocurrency by /u/intelw1zard on 2024-12-23 20:00:11.

The original post: /r/cryptocurrency by /u/f0xinaround on 2024-12-23 19:12:33.

---

Anyone in on these?

The original post: /r/cryptocurrency by /u/f0xinaround on 2024-12-23 18:19:16.

---

Anyone buy that Eth Dip?

The original post: /r/cryptocurrency by /u/KIG45 on 2024-12-23 17:04:58.

The original post: /r/cryptocurrency by /u/kirtash93 on 2024-12-23 15:29:13.

The original post: /r/cryptocurrency by /u/jptmhde123 on 2024-12-23 15:18:36.

---

I just saw I have about $1000 worth of points on my AMEX card and can buy anything from Newegg.com. I was thinking of getting a miner and wanted to get opinions on it. It is a charge card and I never paid interest on the card so l can essentially purchase the item for "free". I was seeing that they had Miners for sale there under 1k. I have some crypto mainly BTC, SHIB, DOGE, PEPE. I like the meme coins but I’m not dedicated to them. what miner do you think would work best for the price? And what exactly would I need for my entire setup? JUST the miner itself or are there other components l'd need for the setup besides my PC. I've never mined before but have always been interested. Ideally, l'd like to get setup for Doge but am definitely open to suggestions.

Any thoughts would be appreciated

The original post: /r/cryptocurrency by /u/Every_Hunt_160 on 2024-12-23 14:57:35.

The original post: /r/cryptocurrency by /u/Original-Assistant-8 on 2024-12-23 01:26:35.

---

While we don't when BTC may look at making an upgrade, how will this topic play out in the utility space this coming year?

Vitalik has been talking about ideas and it seems they would like to pick a direction and start working on it. As we know, major changes on Ethereum require extensive research and alignment, and the build,test, deploy can take a large effort. And there has been disagreement on whether this work needs to start now as it takes away from other priorities.

Certainly, that draws attention to projects that already thought this should be accounted for and have built with the new standards in mind.

Coinmarketcap lists these coins as being quantum resistant because of the new standards:

OZO QRL CELL ABEL ILC AME QANX

Full disclosure - I bought into QANX over 3 years ago.

As you can imagine there has been plenty of healthy "debate" among these coins that think they are best positioned to offer blockchain solutions - with no future concerns about needing to upgrade.

In general, while I came to appreciate the value of being prepared, I realize the market is unsure what to make of it. Quantum computing stocks have certainly done very well in the last weeks.

Without playing favorites, I think all these coins still need to execute their plans to achieve adoption and usage. They are in varying stages of development, most with a mainnet but still adding utility (QANX may be the only one that has not launched mainnet).

I do think these will all get a second look as we learn more about how quantum will evolve. I don't see them taking share from btc, but the utility market is still pretty open of where it might go. Should be interesting to watch.