Cryptocurrency News & Discussion

The original post: /r/cryptocurrency by /u/Chadysseus on 2024-12-05 21:37:37.

Just heard about this coin two days ago from my brother due to a public hearing that was held today and rushed to buy the news. This is my first crypto purchase and I know I should’ve done more research but he made a mill off this xrp bull run so I figured he knows a thing or two about up and coming projects. So in FOMO I bought in around .0067 (I know what it was a month ago so no need to bash lol).

From what I gathered they have two weeks to give a written description on how they’re a “bank”. That got me wondering what is the purpose of a physical building for digital assets? Can anyone clarify further what benefit or pitch point there is for this? I have asked him and all I get is “I’m sure they have it figured out” but that’s a non answer for me. I’m down to hear both sides on the yay or nay or the coin even though I already put some money in (currently down). Hopefully someone out there can make it make sense.

The original post: /r/cryptocurrency by /u/goldyluckinblokchain on 2024-12-05 21:31:06.

The original post: /r/cryptocurrency by /u/goldyluckinblokchain on 2024-12-05 21:15:54.

The original post: /r/cryptocurrency by /u/Extreme_Nectarine_29 on 2024-12-05 20:46:17.

The original post: /r/cryptocurrency by /u/JustAnotherALGOnaut on 2024-12-05 19:45:18.

I've noticed a lot of people talking about cashing out and a potential crypto crash in early 2025. Historically, these crashes often happen on the Q4 every 4 years. It's strange to see so many people expecting a crash in April/May, when the usual pattern is more towards the end of the year.

These people are not talking about a market correction or one or two red months, they are convinced that the cycle will end 2 quarters before the usual. Why is that??

2013 peak was in the 4th of december, 2017 was on december 16th and 2021 was on november 8th.

Honestly, It makes no sense to me to see the end of the bull run in 3-4 months when It has barely started, Bitcoin reached 100k and have been dominant. ETH and Alts haven't even pumped yet! Are these just bears or is there something concrete behind this ideas?

I plan to cash out during early Q3 2025, new investors should be providing plenty of exit liquidity till october 2025.

The original post: /r/cryptocurrency by /u/Informal-Suit9126 on 2024-12-05 18:37:23.

The original post: /r/cryptocurrency by /u/80UNC3EBACK on 2024-12-05 16:19:26.

The original post: /r/cryptocurrency by /u/IsntPerezOhSoLazy on 2024-12-05 16:18:23.

The original post: /r/cryptocurrency by /u/BlazingJava on 2024-12-05 15:56:46.

99% of new tokens now are not mineable.

Majority of people we hear that got wealthy they mined early. BTC ETH DOGE etc

Why do crypto bros still chase tokens that are made with +1B supply 80% already unlocked in the hands of insiders, VCs & exchanges?

You are their personal ATM. Only they are making money.

Then they defend the token with "It has a burn mechanism". Wow thank god the plebs can burn their tokens while transacting and the insiders & VCs sell them on exchanges

Crypto that is mined is the most sound investment in here.

People putting effort & resources into the network to mine. Thus improving the network. Generating great communities

Aren't these types of holders better than VCs, insiders & exchanges 24/7 bull posting on twitter how their network is doing great job while holding 80% of the supply waiting to dump on retail?

The original post: /r/cryptocurrency by /u/robodan918 on 2024-12-05 14:56:18.

The original post: /r/cryptocurrency by /u/DJCityQuamstyle on 2024-12-05 14:37:13.

The original post: /r/cryptocurrency by /u/Noirceuil on 2024-12-05 12:50:32.

Hello everyone, I'm making this post to get an opinion, as objective as possible on which crypto you find most interesting and for what reasons.

I'm not a big investor I have some eth, and I've always been much more interested in the ideas and theories behind cryptocurrencies.

But I've had trouble keeping up with the speed with which the field is evolving and I'm aware that a very large proportion of crypto-currencies are not viable in the medium to long term.

Hence this post, on the one hand I'm fed up with seeing prophets' predictions flourish, and on the other I'd like to have some opinions and explanations on the most interesting crypto-currencies to date in order to guide my research.

No doubt this will be a troll pit, but I'll take the risk!

The original post: /r/cryptocurrency by /u/BigRon1977 on 2024-12-05 10:32:47.

The original post: /r/cryptocurrency by /u/Coffee4ddict89 on 2024-12-05 08:42:31.

Hi I am new in crypto, I know all about it and how it works, but I am afraid maybe I am too late. I want to just invest and follow this like a side hobby next to my job. Any advice where to invest, I am mostly interested in entry level crypto, something like DAI or USDT? Wandering is it worth to invest small, like maybe up to 10 20 usd in the beginning. I want to feel it first and see to invest every month when my salary gets in. My plan is to invest certain amount every month for the whole 2025.

The original post: /r/cryptocurrency by /u/Archipelag0h on 2024-12-05 07:53:48.

Announcing in the previous week, Nervos is working on bringing its layer 2 protocol RGB++ to Dogecoin. With initial plans for a memecoin launchpad built on DOGE. With also bringing the possibilities associated with DOGE now being connected to BTC through RGB++

RGB++ has been receiving a lot of interest recently from both the Bitcoin and Asian crypto communities after having first being built for Bitcoin and its very novel approach of 'Isomorphic binding' which requires no actual bridge to the other chain but rather, mapping 2 chains along side each other.

Quote from recent Techflow article:

It is reported that RGB++ will support the $Doge chain in the next step, and will launch the Meme launchpad on the Doge chain after the launch of BTC Meme launchpad. At the same time, he also said that the lightning network is the strategic direction of CKB's long-term layout, which will greatly increase the competitive advantage of the RGB++ protocol. It is worth noting that at present, many teams are not only focusing on the development of the protocol itself, but also promoting the compatibility of their protocols with lightning networks, such as Taproot Assets and RGB. Up to now, RGB++ ecological Meme leading coin SEAL has risen by 50% in 24 hours, and CKB has risen by 12%.

INTRODUCTION TO RGB++

RGB++ is an extension protocol based on RGB, utilizing single-use seals and client-side validation technology to manage state changes and transaction verification. It maps UTXOs to Nervos CKB Cells via isomorphic bindings and uses script constraints on the CKB and the other chain to verify the correctness of state computation and the validity of ownership changes.

RGB++ addresses the technical challenges faced by the original RGB protocol in practical implementation and provides more possibilities, such as blockchain-enhanced client validation, transaction folding, shared states with ownerless contracts, and non-interactive transfers. It brings Turing-complete contract extensions and performance enhancements to the other chain without the need for cross-chain transfers or compromising security.

RESOURCES

Announcement post - https://x.com/crypcipher/status/1860500524820496595

Lead developer - https://x.com/crypcipher

RGB++ white paper - https://talk.nervos.org/t/rgb-protocol-light-paper-translation/7790

Nervos network - https://x.com/nervosnetwork

UTXO Stack - https://x.com/UTXOStack

____________________________________________________________________________________________

👉 TLDR: Nervos network has announced they are working on creating a layer 2 on DOGE using their protocol RGB++ 

The original post: /r/cryptocurrency by /u/thatguykeith on 2024-12-05 07:43:50.

So those of us who have been around here for a little while have seen BTC take off (and retrace) and then altcoins follow (in fiat terms). I'm holding cardano that just broke even from last bull run, some XRP, Monero, BNB, VET and tiny amounts of about 25 other currencies that have actually done pretty well over the last 3 years, but none of them are new.

What are your "this is dumb speculation, but just in case..." currencies that you're fired up about right now? What are the small alts you're jumping in on out of pure excitement? Why?

The original post: /r/cryptocurrency by /u/Siigari on 2024-12-05 07:24:54.

I am developing a diversified portfolio of coins for long term holding, investing a percentage of my paycheck into buying the coins.

I have a cold storage wallet I want to transfer my coins to after I make my purchase. Never in my life have I been so infuriated at how seemingly difficult such a simple desire is.

I've bounced between Coinbase, Kraken, Robinhood and other places to figure out where the heck is going to be the best place to buy my coins and then transfer them. The simple answer? There isn't one place that makes this easy.

Buy minimums. Transfer minimums. Transfer out fees. Buy fees.

Like, I get it, I understand paying a fee. Maybe I'm just wanting things to be oversimplified. But where can I go to buy and transfer coins easily without tons of restricting factors?

Robinhood wants me to transfer stuff to another place first because cold storage doesn't have a memo. Coinbase wants to overcharge me, and has ridiculous minimums. Kraken won't connect to my checking account for some reason, but it will connect to my emergency savings account (?!)

Finally, and this is a real dream I guess, I'd love if I could just throw all my money at a single location, then it automagically buys my desired percentages of each coin, then I can handle the manual transfers to my cold storage.

Is any of this possible or am I dreaming?

edit: I know this sounds like a vent post but I am actually asking for advice.

The original post: /r/cryptocurrency by /u/inShambles3749 on 2024-12-05 07:15:38.

Finally! We did it!

2021 has come to an end. It took 1434 days. It was the longest year in history. Lots of ups, lots of downs. Mostly downs.

But we persevered.

This is to everyone who believed. Everyone who bought the dips. Everyone who made it through the bear market and this long ass sub 100k BTC Winter.

It was exhaustive, testing our limits but here we are.

Happy New Year!

So what's next? Saylor says $180k eoy 25'. That's too realistic imo.

He also said $350k or something that's also not good enough.

Let's now wait for $1000000 eoy 25', we can do it. I mean how much longer than 21' can it be right?

Cheers!

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

With the current transparency involved with every transaction currently, how much do you believe privacy focused chains that utilize Zero-Knowledge proofs will grow in popularity as they continue to develop? Do you think a technology like is offered by Layer-1 blockchain ALEO will begin to dominate due to it's ability to restrict information that is shared across blockchains? Will other blockchains begin to develop similar technology and integrate it into their future upgrades or will they have to compete for business against those that grow these technologies from the ground up?

The original post: /r/cryptocurrency by /u/siftcroix on 2024-12-05 05:14:15.

The original post: /r/cryptocurrency by /u/Every_Hunt_160 on 2024-12-05 15:05:34.

The original post: /r/cryptocurrency by /u/fake_review on 2024-12-05 14:39:02.

Absolute legend, heard he never sold.

The original post: /r/cryptocurrency by /u/KIG45 on 2024-12-05 14:38:32.

The original post: /r/cryptocurrency by /u/InclineDumbbellPress on 2024-12-05 14:35:21.

The original post: /r/cryptocurrency by /u/hiorea on 2024-12-05 12:44:29.