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The original post: /r/cryptocurrency by /u/Sylerb on 2024-12-02 16:24:03.

I have stacked quite a bit of BTC and ETH when they were at their ATLs, but since then I have stopped investing since I moved to another country and I took a long time to understand how taxes work and how to pay them etc (used to live in a crypto tax heaven).

I want to start buying alts again to grow up my porfolio faster and rebalance it with the profits of BTC, but it seems like the best time to buy them has already passed and it is incredibly risky to buy now.. By the way, I usually don't buy small cap alts, but mostly those with either a strong narrative or Layer 1's / Layer 2's who are still actively building.

What are your thoughts? Should I go ahead and start building a position on Alts?

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The original post: /r/cryptocurrency by /u/hiorea on 2024-12-02 14:56:46.
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The original post: /r/cryptocurrency by /u/skilef on 2024-12-02 14:47:52.

The report examines the potential of public permissionless blockchains to enhance traditional financial services. It highlights the key advantages of utilizing an open base layer, including transparency, inclusivity, and increased competition, while addressing critical challenges such as scalability, privacy, transaction sequencing, finality, and governance.

The analysis concludes that public permissionless blockchains represent a promising alternative to permissioned platforms, with the potential to reduce dependencies and mitigate monopolistic market structures on a platform level. It emphasizes that compliance does not necessarily require a platform-wide gatekeeper or other forms of base layer regulation, but can instead be implemented higher up on the technology stack. This allows for more flexible approaches, based on asset- and application-types. The paper underscores the importance of continued interdisciplinary research, openness, and dialogue among stakeholders to navigate trade-offs and fully realize the potential of this technology.

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The original post: /r/cryptocurrency by /u/Abdeliq on 2024-12-02 14:23:39.
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The original post: /r/cryptocurrency by /u/InclineDumbbellPress on 2024-12-02 13:28:12.
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The original post: /r/cryptocurrency by /u/Silver-Maximum9190 on 2024-12-02 13:27:12.
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The original post: /r/cryptocurrency by /u/sadiq_238 on 2024-12-02 13:11:01.
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The original post: /r/cryptocurrency by /u/cjailc on 2024-12-02 12:53:12.
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The original post: /r/cryptocurrency by /u/Bear-Bull-Pig on 2024-12-02 10:00:24.
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The original post: /r/cryptocurrency by /u/AlmostSneakers on 2024-12-02 09:17:48.

I recently decided to give futures trading on Bybit a shot since I was impressed by their trading volumes (albeit bots probably).

Turns out that was a huge mistake, when you want to withdrawal your funds from a profitable account they suspend all withdrawals completely from your account. I understand this is a security measure which would normally require a KYC check.

Well, my account is already KYC, and today I have had to KYC 3 different occasions, stating different sentences on a piece of paper and show my passport multiple times. Finally after about 11 hours of chat and discussions with their support team, my account was unlocked.

I then attempted to complete my withdrawal, this time I was hit with a 2FA on a mobile phone number that I removed on my account less than 30 days ago. To remove this, I need to again go through rounds of KYC and to this time my withdrawal still has not been processed.

So - a word of warning to traders out there, stay aware from Bybit, after some research it seems a common practice for this exchange to make it as difficult as possible to withdraw. This scenario may also happen on other exchanges, particularly if your making money during the bull market. When users are making bank, particularly on leveraged accounts exchanges begin to feel the heat on their books. Could be a warning sign for Bybit, maybe not. I dont know but its awfully inconvenient.

BTW they also did not provide any complaint solutions, so instead I raised a complaint with their domestic authorities (which will likely go nowhere).

Thought I would share this experience - if your making money, be sure to withdraw from exchanges frequently into your own custody.

GL and GODSPEED

*edit - update here, ive now be told it will take 7 days for Bybit to remove the mobile number they applied to my account before it can be removed and my funds withdrawn. To me this is a red flag, something is going on with Bybit.

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The original post: /r/cryptocurrency by /u/goldyluckinblokchain on 2024-12-02 05:33:46.
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The original post: /r/cryptocurrency by /u/BugSpatula0 on 2024-12-02 03:45:46.

Hello all,

I have been in the tech and crypto scene for a bit and found that it is difficult to track the key indicators all in one place.

So, for fun I’ve created the following site that gauges if we are in an alt season or not using the typical indicators.

It utilizes the CoinGecko API and TradingView charts.

I wanted to share it with you all to see if you had any feedback or caught anything I had missed.

The first issue you will notice is the values on the card do not match the charts. This is because CoinGecko returns the values and TradingView does the charts. The only fix is to create my own charts but that means I need to purchase CoinGeckos Pro API which costs a lot of money lol. However, the values are off by only a few percent and should still be dependable.

Please feel free to give me feedback on the site!

Link: https://www.thealtsignal.com/

If you have any questions about the logic performed on the data, please visit the source code linked at the bottom of the website.

TLDR: take a look at my alt coin season indicator site and provide feedback.

Features coming soon:

*A telegram group chat that gets updated daily on the status of alt season AND if an indicator condition met

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The original post: /r/cryptocurrency by /u/Every_Hunt_160 on 2024-12-02 01:54:45.
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The original post: /r/cryptocurrency by /u/CriticalCobraz on 2024-12-02 00:43:23.
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The original post: /r/cryptocurrency by /u/CryptoDaily- on 2024-12-02 00:00:57.

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.

 

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Finding Other Discussion Threads

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The original post: /r/cryptocurrency by /u/KIG45 on 2024-12-01 20:08:13.
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The original post: /r/cryptocurrency by /u/Odd-Radio-8500 on 2024-12-01 18:30:39.
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The original post: /r/cryptocurrency by /u/sandworm87 on 2024-12-02 07:18:15.
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The original post: /r/cryptocurrency by /u/Ok_Source4689 on 2024-12-02 05:54:07.
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The original post: /r/cryptocurrency by /u/daltadka911 on 2024-12-02 05:33:36.
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The original post: /r/cryptocurrency by /u/DaRunningdead on 2024-12-02 05:27:47.

MicroStrategy co-founder Michael Saylor advised Microsoft executives to adopt bitcoin.

Saylor said adopting bitcoin could add hundreds of dollars to Microsoft’s stock price by 2034 and generate trillions of dollars in enterprise value, assuming the company fully embraced bitcoin.

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The original post: /r/cryptocurrency by /u/partymsl on 2024-12-02 04:54:49.
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The original post: /r/cryptocurrency by /u/JohnMcafee4coffee on 2024-12-02 03:52:06.

I understand they are not everyone’s favourite company, however they have been very generous with their learning tasks over the years.

They have gave many free coins over the years that if held have appreciated to hundreds of dollars.

I understand that what they offer is not life changing but they are one of the only exchanges offering this.

Crypto.com does offer CRO rewards but it works out to 0.50 cents every 25 days and they take 0.20 cents if you try to withdraw it.

I for one will keep holding their gifts and look to the future

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The original post: /r/cryptocurrency by /u/GC-Gittiwilo on 2024-12-02 01:00:18.

Hello, everybody. I’m the kind of person you’d label that insane schizo conspiracy theorist. The one you’d laugh at, mock in group chats, or call delusional in Reddit threads. That’s fine. I’m used to it. But here’s the thing about “crazy” people—they’re often the first to see patterns others ignore. So laugh all you want, but in a few years, when the dust settles, I’ll be the one saying, “I told you so.”

What am I talking about? Bitcoin. The dollar. Wealth inequality. The future of money. Let me show you a blueprint for a system that’s being built right in front of your eyes—one that most of you either don’t see or refuse to believe. You’ll probably roll your eyes and call me crazy, but remember this moment when it all starts happening.

Bitcoin’s Origins: A Perfectly Timed “Solution”

Let’s start with Bitcoin’s origin story. It’s 2008—the financial crisis has shattered trust in banks and governments. Amid this chaos, a pseudonymous figure named Satoshi Nakamoto releases the Bitcoin white paper, promising a decentralized, deflationary currency immune to manipulation. People eat it up. It’s the ultimate middle finger to the establishment, right?

But let’s think critically here. How convenient is it that Bitcoin emerged precisely when global trust in centralized systems was at an all-time low? Too convenient. Timing matters, and the timing of Bitcoin’s release feels less like a coincidence and more like an engineered response.

And let’s not ignore Bitcoin’s technological roots. The SHA-256 algorithm, which secures Bitcoin’s blockchain, was developed by the NSA. While SHA-256 is open-source and widely used, it’s not a stretch to suggest the U.S. government may have had a hand in shaping Bitcoin’s foundations. After all, who benefits most from a digital, transparent, and traceable financial system? (Yes, I said traceable—because don’t let anyone fool you into thinking Bitcoin is truly anonymous. It’s pseudonymous, and every transaction is permanently etched onto a public ledger.)

If you’re still with me, here’s the kicker: The U.S. government didn’t need to announce Bitcoin as their creation. They let it grow organically, fueled by libertarian ideals and distrust in the system. They knew people would adopt it out of rebellion, unknowingly building the infrastructure for the very financial surveillance system they feared.

Proof of Adoption: The Quiet Infiltration by the Elite

Now, let’s talk about what’s happened since. Bitcoin, once a niche experiment for tech enthusiasts, has grown into a trillion-dollar asset class. And here’s where it gets interesting: the very institutions Bitcoin was supposed to undermine are now its biggest backers.

  • BlackRock: The world’s largest asset manager, with deep ties to governments and central banks, has been filing for Bitcoin ETFs and pushing institutional adoption. Fun fact: BlackRock’s CEO, Larry Fink, was once critical of Bitcoin, calling it a tool for money laundering. Now? He’s all-in. Ask yourself: why the sudden 180-degree shift?
  • MicroStrategy: Michael Saylor, CEO of MicroStrategy, has been one of Bitcoin’s loudest advocates, investing billions of corporate funds into BTC. This isn’t just a corporate strategy—it’s part of a larger trend of institutions quietly accumulating Bitcoin while the average person hesitates.
  • Fidelity and Other Financial Giants: Companies like Fidelity have been laying the groundwork for institutional Bitcoin adoption for years. These firms don’t make moves without inside knowledge or government alignment.

The narrative is clear: Bitcoin is no longer the “people’s currency.” It’s being hoarded by the same elite entities that control traditional finance. And if you think governments aren’t involved, you’re kidding yourself. They’re just letting their proxies—companies like BlackRock—do the dirty work.

Why the U.S. Government Needs Bitcoin

Here’s where the puzzle pieces really come together. The U.S. dollar is in decline. Inflation is eroding its value, national debt is skyrocketing, and global rivals like China and Russia are pushing for alternatives. BRICS nations (Brazil, Russia, India, China, South Africa) are even developing their own reserve currency to challenge the dollar’s dominance.

The U.S. government knows this. They know the dollar’s days as the global reserve currency are numbered. And what’s the best way to transition out of a failing system? Control the replacement before your rivals do.

Bitcoin offers a solution:

  1. Deflationary Economics: With its fixed supply of 21 million coins, Bitcoin is immune to inflation. This makes it an attractive reserve asset for nations and institutions.
  2. Global Neutrality: Bitcoin isn’t tied to any one country, making it a perfect candidate for a new global financial system—one that the U.S. can influence quietly through early accumulation.
  3. Debt Reset Potential: If Bitcoin’s value skyrockets (say, to $1 million or more per coin), governments holding large reserves could sell portions to pay off national debt or fund programs. It’s a clean slate for a broken system.

The Trap of Bitcoin “Freedom”

But here’s the kicker: while Bitcoin appears to promise financial freedom, it’s also a Trojan Horse for unprecedented control. Governments aren’t just sitting idly by—they’re developing Central Bank Digital Currencies (CBDCs) to complement or even compete with Bitcoin. These CBDCs will:

  • Be programmable, meaning governments can control how you spend your money.
  • Be trackable, erasing any semblance of financial privacy.
  • Tie directly to social systems, potentially linking your finances to things like credit scores or even social behavior.

Here’s the twisted beauty of it: Bitcoin will pave the way for mass adoption of digital currencies. Once people are comfortable with Bitcoin, governments will step in with CBDCs, offering stability and convenience. And by then, it’ll be too late. You’ll already be trapped in the system.

Wealth Inequality and the New World Order

Let’s not sugarcoat this: Bitcoin will make some people unimaginably rich. But who benefits most? Early adopters and institutions. The average person, who buys in late or doesn’t buy at all, will be left behind. This isn’t an accident—it’s by design.

When fiat currencies collapse and Bitcoin takes center stage, the wealth divide will become unbridgeable. The elites will hold Bitcoin, land, and other hard assets. The rest? They’ll own depreciating fiat and worthless debt. This isn’t just financial inequality—it’s systemic anarchy, a world where power consolidates further into the hands of the few.

But I Know What You’re Thinking…

“Schizo ramblings,” right? “This guy’s insane.” Sure. Laugh it up. Call me crazy. But just remember: every major upheaval in history was dismissed as impossible until it happened. People laughed at those who warned about the 2008 financial crisis. They laughed at Snowden’s revelations about mass surveillance. And they’re laughing now at the idea that Bitcoin is anything other than a benevolent invention.

But when you’re watching Bitcoin hit seven figures, when the dollar is collapsing, and when governments are rolling out CBDCs with a smile, just remember this post. I’ll be back to say, “I told you so.”

One Final Thought

You don’t have to believe me. In fact, I don’t expect you to. But start asking questions. Why are institutions hoarding Bitcoin? Why are governments tolerating something that supposedly threatens their power? And why is a system built on “decentralization” being quietly co-opted by the very entities it was meant to replace?

Think critically. Connect the dots. And when the pieces fall into place, just remember: you heard it here first.

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The original post: /r/cryptocurrency by /u/brian-augustin on 2024-12-02 00:33:43.

Moved from coinbase to binance and saw staking, I see how some coins offer a certain %. I'm assuming staking is like receiving dividends? If so...

Is it smart to go all out into one coin to receive Staking rewards? If not, lets say a certain % of total crypto assets...is it better to go into a more stable coin, maybe ETH for example, lower rewards but moves more like BTC. Compared to other projects?

If I'm understanding this correctly lets say a new project offers higher rewards but maybe the project flops, if I'm staking the coin I own the coin and receive some reward for supporting it but risk losing money if the coin does bad and the reward amount doesn't succeed the loss?

Saw a comment someone's staking rewards pay more than his job. What projects do you all stake? Any success stories?

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