Cryptocurrency News & Discussion

The original post: /r/cryptocurrency by /u/CryptoNerd_16 on 2024-12-05 10:46:28.

Original Title: The famous Hawk Tuah girl Haliey Welch’s HAWK memecoin has sparked controversy as its price dumps over 90% within hours. One of the key reasons behind HAWK price crashing was a finding of alleged snipers and insiders.

The original post: /r/cryptocurrency by /u/InclineDumbbellPress on 2024-12-05 09:46:29.

The original post: /r/cryptocurrency by /u/Silver-Maximum9190 on 2024-12-05 09:40:32.

The original post: /r/cryptocurrency by /u/Abdeliq on 2024-12-05 09:10:37.

The original post: /r/cryptocurrency by /u/ChemicalAnybody6229 on 2024-12-05 05:17:24.

The original post: /r/cryptocurrency by /u/BigRon1977 on 2024-12-05 04:18:21.

The original post: /r/cryptocurrency by /u/Silver-Maximum9190 on 2024-12-05 03:28:55.

The original post: /r/cryptocurrency by /u/CriticalCobraz on 2024-12-04 22:46:57.

The original post: /r/cryptocurrency by /u/CriticalCobraz on 2024-12-04 22:41:35.

The original post: /r/cryptocurrency by /u/DaRunningdead on 2024-12-04 21:18:35.

U.S. Federal Reserve Chair Jerome Powell drew comparisons to bitcoin and gold as the cryptocurrency's value closes in on $100,000.

"People use bitcoin as a speculative asset, right? It's like gold," Powell said on Wednesday during The New York Times' DealBook Summit. "It's just like gold only it's virtual, it's digital."

Bitcoin is not used as a form of payment and is really volatile, Powell said.

The original post: /r/cryptocurrency by /u/Silver-Maximum9190 on 2024-12-04 20:25:00.

The original post: /r/cryptocurrency by /u/CatNDoge42 on 2024-12-04 20:15:58.

Everyone can't be winners, there will be losers this pump cycle for sure. When someone sells at the top, there always someone who bought at the top thinking there was more profit to be made. Many of these alt coins and meme coins have pump super fast in a course of days and week or two. But just in reverse, it will come crashing down just as fast, and if you waited too long, or keep thinking the price was never going to fall. It's going to crashing back down on your dreams and hope.

Be smart, don't be greedy, take profits when it's achievable. I know these rules sounds like no brainers, but you will be surprise what delusions and dreams can affect a investor's decision when to walk away from the table and cash in their chips. If you keep thinking your coin is going to x5 or x10 when its overbought, you are going to get burned. There are going to be millionaires made this crypto run, but I bet there going to be ALOT more losers this run too. Good luck to everyone this alt season, I hope your coin moons and gives profits to make your life the dream you want, but at the same time, don't let that dream cloud your judgement of making realistic profits.

The original post: /r/cryptocurrency by /u/ChemicalAnybody6229 on 2024-12-04 20:07:33.

The original post: /r/cryptocurrency by /u/WineMakerBg on 2024-12-04 19:46:03.

The original post: /r/cryptocurrency by /u/Odd-Radio-8500 on 2024-12-04 19:43:24.

The original post: /r/cryptocurrency by /u/KIG45 on 2024-12-04 19:30:20.

The original post: /r/cryptocurrency by /u/kirtash93 on 2024-12-04 16:32:08.

The original post: /r/cryptocurrency by /u/katiecharm on 2024-12-04 16:15:32.

It was infuriating. I remember discovering Dogecoin back in early 2014 when $500 would buy you a million, and my friend tried to explain to me (patiently) how that was just a fad and if i really wanted to be a millionaire one day I needed to read some 'Boglehead books' and learn about ETFs and mutual funds.

When i tried to tell my coworkers about bitcoin they all patiently explained to me (how an adult might explain to a child) that Bitcoin wasn't actually worth anything and it wasn't "backed by anything".

I was excited to meet my girlfriend's friend's boyfriend once because i heard he was into finance. He basically spent the entire dinner cracking jokes at my expense and explaining how little i understood money.

When i tried to tell my investment buddy about Monero, and begged him to get into it at 30 cents, he thought it was stupid and said he thought Visa was a better investment for money. Then when Monero went to $2 each and i continued to rant to him his reaction was "nice, you sold it all right?". Then when it went to $12 each he legit got mad at me that I wouldn't sell it. By the time it was $50 each he stopped talking to me.

If you've been in crypto for more than 10 years, it's been an exhausting and frustrating experience.

And no, I'm not even close to rich. I've lost all my money since then thanks to bad investments, taxes, and overspending. Making money isn't the same as managing wealth, which is a lesson i pray you are one day rich enough to suffer.

The original post: /r/cryptocurrency by /u/hiorea on 2024-12-04 15:25:05.

The original post: /r/cryptocurrency by /u/d3jok3r on 2024-12-05 03:16:55.

Hi CC fam.

It seems that Paul Atkins is now chosen to lead the SEC.

We don't know yet and will find out very soon how this will affect the cryptomarket for better or worse (I'm holding my beer here since before being SEC chair, Garry Gensler was also very much crypto supportive (and he turned villain since then).

Neverthelss, it seems that the upcoming SEC chair Paul Atkins was ball deep in cryptoverse. And today I learned that he used to be advisor of the Reserve Rights Foundation (I read the news here in case you are wondering what is this all about).

Apparently there's market FOMO (and may not end well) when a lot of people are pouring hard-earned money into RSR, the token of Reserve Rights Foundation. So I'm just curious if you know anything about this protocol and its token? It seems to be a platform to issue stablecoin. But I have no ideas how it actually works (and is it like Terra/Luna or so. The pain is still in my a** spitting these aweful words from my mouth).

Thanks in advance.

The original post: /r/cryptocurrency by /u/arthurwolf on 2024-12-05 02:54:36.

The original post: /r/cryptocurrency by /u/Froezt on 2024-12-05 02:53:09.

The original post: /r/cryptocurrency by /u/GabeSter on 2024-12-05 02:39:33.

The original post: /r/cryptocurrency by /u/hoibideptrai on 2024-12-05 02:38:07.

The original post: /r/cryptocurrency by /u/StrB2x on 2024-12-05 02:33:28.

https://x.com/TheKusamarian/status/1864361662049931492

Kusama today was purposely battle tested using 23 of it's 100 cores. This was a live test on chain, not some test done offline (Hyrda). Everything went smoothly, finality went up slightly but there was no down time.

Theoretically if Kusama used all it's cores, then the TPS could be as high as 560k TPS. This officially makes Kusama the fastest chain in the space.

When these test are done on Polkadot, it is expected that the TPS will be even higher. This is even before the JAM upgrade which will skyrocket DOTs ability even further, which is expected to come out this year.