Cryptocurrency News & Discussion

The original post: /r/cryptocurrency by /u/son-of-AK on 2024-12-06 08:18:02.

The original post: /r/cryptocurrency by /u/DaRunningdead on 2024-12-06 06:12:15.

Over the past two weeks, spot Ether ETFs have clocked in more than $1.3 billion in inflows as the cryptocurrency rallied close to $4,000.

The original post: /r/cryptocurrency by /u/_TheRook_ifun on 2024-12-06 02:39:41.

Why do guys do it? When they come out they almost always are rugs pulls and people lose hundreds if not thousands of dollars each time they invest in one. And yes it is true that you can get rich off of them but there is a very small chance you will hit it big. It’s to the point where I have heard someone say you might be more likely to win the lottery than find the stock that has an enormous payout. So why do people keep investing in them when they’re very likely throwing away money when they do so, are they stupid? Just to clarify I not trying to insult people who but memecoins, I just want to know why people invest in them when they have really bad track record.

The original post: /r/cryptocurrency by /u/doomshallot on 2024-12-06 02:00:27.

I'm looking for a way to invest in all cryptocurrencies, similar to how an index fund works, ideally weighted by market cap. I've heard about the "Coin50" index that's supposed to be launching, but I haven't seen any ETFs tracking it yet. Currently, I'm invested in BITB, which provides exposure to Bitcoin, but I'd like to diversify with Ethereum (ETH) and other major cryptocurrencies as well. My preference would be an ETF format so I could invest through my Roth IRA and take advantage of the associated tax benefits.

The original post: /r/cryptocurrency by /u/DaRunningdead on 2024-12-06 10:26:52.

WikiLeaks Founder Julian Assange and supporters plan to mint 76,911 Afghan war log files into Bitcoin inscriptions on the Ordinals through Project Spartacus.

The original post: /r/cryptocurrency by /u/WineMakerBg on 2024-12-06 10:11:58.

Bitcoin will take the place of gold in the world economy in the next decade, Bernstein said.

"We expect Bitcoin to emerge as the new-age premier 'store of value' asset," the firm said.

Wall Street investors and corporations have increasingly embraced bitcoin as a long-term investment.

The original post: /r/cryptocurrency by /u/CryptoNerd_16 on 2024-12-06 08:23:33.

The original post: /r/cryptocurrency by /u/BigRon1977 on 2024-12-06 04:36:24.

The original post: /r/cryptocurrency by /u/MrBlowjangles on 2024-12-06 03:36:21.

The original post: /r/cryptocurrency by /u/GabeSter on 2024-12-06 02:10:41.

The original post: /r/cryptocurrency by /u/Odlavso on 2024-12-06 01:33:45.

The original post: /r/cryptocurrency by /u/Froezt on 2024-12-06 01:30:51.

The original post: /r/cryptocurrency by /u/GreedVault on 2024-12-06 01:14:18.

The original post: /r/cryptocurrency by /u/InclineDumbbellPress on 2024-12-06 00:09:38.

The original post: /r/cryptocurrency by /u/CryptoDaily- on 2024-12-06 00:00:26.

Welcome to the Daily Crypto Discussion thread. Please read the disclaimer and rules before participating.

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The original post: /r/cryptocurrency by /u/AlphaWaifu on 2024-12-05 23:00:58.

What are your thoughts on this?

The original post: /r/cryptocurrency by /u/goldyluckinblokchain on 2024-12-05 21:45:00.

The original post: /r/cryptocurrency by /u/erjo5055 on 2024-12-05 21:33:36.

We all know how BTC and ETH historically perform during Bull Runs. BTC leads the charge, tops out, then ETH pumps. But what's different this time?

ETH Is now deflationary, while BTC remains inflationary

Historically, ETH has had a much higher inflation rate than BTC, leading to lower price appreciation during bull runs due to greater increase to supply and lack of scarcity.

Remember price is a function of supply and demand which is why halving events correlate with price appreciation.

Dec 2017:

BTC Inflation Rate: 4.39%

ETH Inflation Rate: 10.59%

Inflation Margin (difference): 6.20% in BTCs favor

Dec 2021:

BTC Inflation Rate: 1.86%

ETH Inflation Rate: 5.20%

Inflation Margin (difference): 3.34% in BTCs favor

Dec 2024:

BTC Inflation Rate: 0.87%

ETH Inflation Rate: -0.03% (Average since merge)

Inflation Margin (difference): 0.9% in ETHs favor

Conclusion: If ETH demand preforms the way it historically does relative to BTC, price appreciation relative to BTC should be greater this bull run, as this is the first bull run where BTCs supply will be increasing faster than ETHs.

Consider that for buyers relying on ETFs for crypto exposure, ETH is their only real exposure to 'alt season'.

What are your thoughts?

The original post: /r/cryptocurrency by /u/EvenFix2 on 2024-12-05 19:57:18.

The original post: /r/cryptocurrency by /u/Abdeliq on 2024-12-05 18:46:02.

The original post: /r/cryptocurrency by /u/hiorea on 2024-12-05 15:12:22.

The original post: /r/cryptocurrency by /u/WineMakerBg on 2024-12-06 02:27:20.

The original post: /r/cryptocurrency by /u/XFaild on 2024-12-06 02:21:59.

This is my third Bitcoin cycle that I’ve been closely following. Over the years, I’ve learned that while Bitcoin’s value trends upward over the long term, the journey is never a straight line, and that's how I been feeling when it should have been a rollercoaster of emotions!

Looking at the charts yesterday as BTC hit $100k, I noticed there have been about five corrections of around 20% each as we gained the momentum, with one post-halving correction just under 35%. Comparing this to previous cycles, most pullbacks have historically been in the 20-35% range, though we’ve also seen major pullbacks of 35-50%.

Watching Bitcoin make history by crossing $100k, it seemed to struggle a bit, and just a few hours ago when researching facts for this post, BTC ironically dropped by 10%. However, it quickly found support at $96.5k.

When analyzing altcoins, the majority are up anywhere from 2x to 100x, with most not experiencing major pullbacks (apart from XRP and a few exceptions).

Another key observation: there’s currently a massive imbalance in long vs. short contracts. Despite this, I haven’t seen many liquidation articles recently, which used to be quite common with Bitcoin. For example, a long squeeze now could potentially liquidate about $200M worth of contracts.

Here is a relevant chart for reference.

The original post: /r/cryptocurrency by /u/ivmo71 on 2024-12-05 23:38:13.

Looking for Advice: Should I Buy Stellar Lumens (XLM)?

Hi everyone, I’ve been diving into the crypto space recently and came across Stellar Lumens (XLM). It seems like an interesting project, especially with its focus on facilitating cross-border payments efficiently and its partnerships with big names like MoneyGram. From what I’ve read, Stellar aims to make global transactions faster and cheaper, which feels like a strong use case.

That said, the crypto market is highly volatile, and I want to make an informed decision before investing. I’m curious to know if others see XLM as a solid long-term investment or if it’s more of a speculative play right now.

For those familiar with Stellar Lumens:

Do you believe it has strong growth potential in the coming years?

Are there specific risks or challenges the project faces that I should know about?

Is now a good time to buy, or are there better opportunities in the crypto space?

I’d really appreciate any insights, advice, or experiences you’re willing to share. I’m trying to weigh the pros and cons before making a move. Thanks in advance for your help!

The original post: /r/cryptocurrency by /u/goldyluckinblokchain on 2024-12-05 21:52:44.