Cryptocurrency News & Discussion

The original post: /r/cryptocurrency by /u/Born-Reception1770 on 2024-12-09 20:26:46.

The original post: /r/cryptocurrency by /u/kirtash93 on 2024-12-09 19:58:25.

The original post: /r/cryptocurrency by /u/JustStopppingBye on 2024-12-09 19:46:54.

There’s a lot of misinformation circulating on platforms like Twitter (and reddit) leading many in the crypto space to believe there’s an "ISO 20022 global authority" designating crypto tokens as either "compliant" or "non-compliant." You've probably seen all the fancy diagrams of shit coins with arrows everywhere. There's so much incorrect information that ISO included a section in their FAQs regarding ISO 20022 cryptocurrencies, to address widespread confusion and misinformation.

Cryptocurrencies are not inherently ISO 20022 compliant. The cryptocurrencies are not managed and not registered by ISO 20022. ISO 20022 is a global standard for financial messaging and provides a common language and structure for exchanging financial information.

They make it very clear that yes, the company itself can be "ISO20022 compliant" but at the protocol level, the blockchain and the token itself are not inherently ISO20022 compliant. This means any company can adhere to the ISO20022 standard, if they chose to.

But I was told XRP, ADA, QNT, ALGO, XLM, MIOTA AND XDC were all ISO compliant?

The company could be, but their product definitely isn't and there's no list to prove they are. The famous 8 ISO compliant tokens were simply cherry picked from an extensive list of tokens provided by the DTI (Digital Token Identifiers - ISO24165). I have provided the list below in the comments.

But I still choose to believe!

That's fine, live in your fairy-tale land of delusion but your token isn't unique and its not necessarily better positioned for mainstream use in the evolving global financial infrastructure. Also, your token is definitely not been pumping due to ISO compliancy. You're being deliberately misled because this industry is highly adept at manipulating and exploiting unsuspecting consumers. Fake crypto narratives thrive due to user ignorance, hype/greed, and lack of clear regulations.

Womp Womp.

https://preview.redd.it/if9yfr8jlv5e1.png?width=861&format=png&auto=webp&s=a3182151777447217acc74b075e58a7d51c22ef5

The original post: /r/cryptocurrency by /u/InclineDumbbellPress on 2024-12-09 18:27:21.

The original post: /r/cryptocurrency by /u/InclineDumbbellPress on 2024-12-09 16:35:48.

The original post: /r/cryptocurrency by /u/GabeSter on 2024-12-09 15:46:23.

The original post: /r/cryptocurrency by /u/KingKDDavid on 2024-12-09 15:29:38.

The original post: /r/cryptocurrency by /u/Extreme_Nectarine_29 on 2024-12-09 14:02:10.

The original post: /r/cryptocurrency by /u/Silver-Maximum9190 on 2024-12-09 13:57:11.

The original post: /r/cryptocurrency by /u/Akkeri on 2024-12-09 13:36:53.

The original post: /r/cryptocurrency by /u/Saladin488 on 2024-12-09 10:49:06.

If 2021 ptsd has thought me anything, it's that any day could be your last day. I remember 2021 where right after the summer all cryptos were exploding like crazy. Felt like a fucking mastermind and kept making screenshots of my gains. All in on Cardano and XRP. There had been huge dips before, and every time it happened, people kept saying "It's just a healthy correction after all the growth we've had". And every time they were right; it DID go back up, and not just to the old price before the dip but even higher.

But then around 15 november (literally still know the date from memory) it dipped again, HARD. I kept buying dip after dip thinking I am a genius, and once this mf goes back up to the price of 1-2 weeks ago I will make thousands of profit. But it kept dipping again and again. Damnit I must've had bought my 16th dip by the time I realised that it's too late. We've entered the bear market again and my position for the next 3 years will be to hold these bags in one hand, and this L in my other hand. At one point my bag was from 30k initial investment to 12k (swear to God). Then at the start of this year finally after 2,5 years of stress and praying to see at least my initial investment back, I finally was in the green again. And once again I got greedy and thought, nahh this time I'm gonna make at least 2 x my initial investment, and then I'm out. But again... it dipped like a mf. Then last week I was finally in the green again... and again it dipped like a mf. I'm just here to let people know that any day could be your last and don't get greedy for more. Take profits, or at least take your initial investment out. Don't be a bag holder and carry stress for the coming 3 years like I did MULTIPLE times. I'll be damned if I don't take profits next time I get a chance. NFA.

The original post: /r/cryptocurrency by /u/YoungCapitalist95 on 2024-12-09 10:30:03.

The original post: /r/cryptocurrency by /u/Creme-Waste on 2024-12-09 09:28:25.

The original post: /r/cryptocurrency by /u/Silver-Maximum9190 on 2024-12-09 09:00:53.

The original post: /r/cryptocurrency by /u/thecryptos on 2024-12-09 08:33:34.

The original post: /r/cryptocurrency by /u/InclineDumbbellPress on 2024-12-08 21:20:36.

The original post: /r/cryptocurrency by /u/goldyluckinblokchain on 2024-12-08 21:10:07.

The original post: /r/cryptocurrency by /u/WalterEhren on 2024-12-08 19:59:43.

I ve been DCA-ing for the past 3 or so years. So this week is the first time I ve Set Up staggered stop losses for all my cryptos. 20% on -10%, 25% on -15% and 25% on -20%. So 70% of my total crypto is in a stop loss.

I continue to adjust these values to higher prices. Also I live in Germany so most of my holdings are tax free which is great I guess. When the sell will trigger I will wait until a crash or a bear marker to buy back in again.

Afaik flash crashes are common in crypto and I may get some or possibly a lot of slippage if I am unlucky. Also these will trigger my positions and I will have bad luck when the price moves up very quickly again afterwards. In that case it looks like I ll have to wait.

Otherwise this is the first time I am really thinking about selling, well to eventually buy back in again. I don't need the cash right now.

So what are your strategies and can you think of more things that can go wrong with mine?

Edit: This is the first time ever I started trading so any advice is very welcome!

Edit 2: I only DCA'd in, never out.

The original post: /r/cryptocurrency by /u/nanooverbtc on 2024-12-08 19:15:55.

The original post: /r/cryptocurrency by /u/hiorea on 2024-12-08 19:04:51.

The original post: /r/cryptocurrency by /u/KIG45 on 2024-12-08 18:47:58.

The original post: /r/cryptocurrency by /u/sadiq_238 on 2024-12-08 18:13:46.

The original post: /r/cryptocurrency by /u/CriticalCobraz on 2024-12-08 17:32:06.

The original post: /r/cryptocurrency by /u/GabeSter on 2024-12-08 15:23:27.

The original post: /r/cryptocurrency by /u/InclineDumbbellPress on 2024-12-08 10:48:52.