Cryptocurrency News & Discussion

The original post: /r/cryptocurrency by /u/goldyluckinblokchain on 2024-12-27 19:55:38.

The original post: /r/cryptocurrency by /u/Jimmy_Page_69 on 2024-12-27 19:17:54.

ive recently seen it rocket to become the 4th largest meme coin in a matter of a week since release. I havent seen one youtuber shill it, no ads to be seen on any of my platforms. Where did all this money come from to Flow into this meme and havent even seen one bot comment on reddit shill it. I thought the crypto community was all in agreement that NFTs will always be seen as bottom tier trash bets. But a meme coin that is backed by NFTs? Ooof thats a double whammy on the level of hawk tuah.

Is this just another cabal coin like brett? Purely funded by VCs?

The original post: /r/cryptocurrency by /u/KIG45 on 2024-12-27 17:54:13.

The original post: /r/cryptocurrency by /u/DaRunningdead on 2024-12-27 17:47:09.

The original post: /r/cryptocurrency by /u/trucker-123 on 2024-12-27 16:27:34.

Hi, I started reading some comments on this subreddit that 70% of cryptocurrency investors lose money. I investigated the source of this figure, and the closest I can find is this article: https://plasbit.com/crypto-basic/why-people-lose-money-on-crypto

70% is cited 3 times in that article, but the most relevant quote from that article is this line:

Markets are irrational, and people are the driving force behind the prices' movements. If the majority of people act in the same way, and the majority of people (over 70%) lose money on crypto, you can easily understand that "doing what others do" is not a convenient choice.

I looked for references in this article to find where this 70% figure came from for cryptocurrency investors, but no references were listed. I also searched on Google for this 70% figure but I can't find any study that hows 70% of cryptocurrency investors lose money.

Does anybody know where this 70% figure for cryptocurrency investor comes from? I would love to know the source (hopefully the source is not this article because that article doesn't show where they got the 70% figure from). Thank you.

The original post: /r/cryptocurrency by /u/hiorea on 2024-12-27 16:07:40.

The original post: /r/cryptocurrency by /u/tupidataba on 2024-12-27 16:01:42.

The original post: /r/cryptocurrency by /u/doctorbirdee on 2024-12-27 15:06:02.

The original post: /r/cryptocurrency by /u/CriticalCobraz on 2024-12-27 14:43:08.

The original post: /r/cryptocurrency by /u/lennethluna on 2024-12-27 14:28:11.

The original post: /r/cryptocurrency by /u/Wise-Grapefruit-1443 on 2024-12-27 14:24:52.

The original post: /r/cryptocurrency by /u/kirtash93 on 2024-12-27 13:58:15.

The original post: /r/cryptocurrency by /u/ProminenceYT on 2024-12-26 23:03:14.

I'm looking for a balance of good ROI (return on investment) and safety (not a super sketchy meme coin or brand new project).

I’m brand new to the crypto space and I’m just starting to learn a little bit and trying to understand the space. Bitcoin seems like a good speculative long term investment; however, I want to be more aggressive and make money in the short term. I’m starting to look towards solana and the like. I want a good return but still safe. I currently have Coinbase and phantom as my trading platforms, but I haven’t bought anything yet. Advice/suggestions would be great, thanks 👍🏻

The original post: /r/cryptocurrency by /u/watch-nerd on 2024-12-27 12:47:23.

Lots of alt chains on the market and you may be wondering:

Am I making a long term investment in a chain that has usage and will continue to grow over time?

Or am I buying into a ghost chain with little to no activity and long term prospects?

Here are bridge flows for the top alt (non-BTC) chains.

Inflows go left to right, outflows go right to left. So a bar that is bigger on the right means the chain has more inflows than outflows. And if the bar is bigger on the left, it means the chain has more ouflows than inflows.

https://preview.redd.it/7deltfhzwd9e1.jpg?width=776&format=pjpg&auto=webp&s=52c50ca618ffea998312493bb6f5066ca4005867

A couple of observations stand out:

1. Solana, Ethereum, and the largest Ethereum L2s (Arbitrum, Base) absolutely dominate the flow picture.
2. This is really a two-horse race between the Solana ecosystem and the Ethereum ecosystem.
3. Some alt L1s that have been in the market for more than one cycle (Avalanche, Polygon, Fantom) are no longer young and growing, but appear instead to be withering and declining as network effects accrue to the biggest winners.
4. Base and Arbitrum have more inflows than outflows. Perhaps surprisingly for an Ethereum L2, Arbitrum is having a lot of inflows from Solana. Whereas Base's inflows seem more diffuse.
5. Once you get out of the big dogs, BNB is hanging in there, but still has more outflows than inflows, much of it to Solana, but really just bleeding in multiple directions.
6. Lots of Reddit Cryptocurrency darlings like ADA and ALGO don't even make the graph.

Credit to deBridge for original creation of the graph.

https://x.com/deBridgeFinance/status/1872198170014593456

The original post: /r/cryptocurrency by /u/Silver-Maximum9190 on 2024-12-27 12:30:33.

The original post: /r/cryptocurrency by /u/Shiratori-3 on 2024-12-27 12:25:41.

For the first time, the National Bank of Cambodia (NBC) has allowed commercial banks and payment institutions to provide services involving Category 1 crypto assets, including backed or stable cryptocurrencies. However, unbacked cryptocurrencies, such as Bitcoin, remain prohibited.

The directive aims to regulate operations and businesses involving digital currencies, reflecting the country’s effort to keep pace with global financial innovations.

Under the directive, all commercial banks or payment institutions wishing to provide crypto-related services must seek prior approval from NBC. Institutions granted authorisation can engage in activities such as exchanging crypto assets for fiat currencies or vice versa, transferring crypto assets between accounts and providing custody services for crypto assets. However, they are explicitly prohibited from using their customers’ crypto assets for their own purposes.

Historically, Cambodia has banned cryptocurrency transactions and trading due to the associated high risks, including money laundering, fraud and illicit activities within the black market.

The original post: /r/cryptocurrency by /u/MusaRilban on 2024-12-27 12:15:49.

What's your favourite low-key Crypto? We've all got that one.. I'm sure.

Is it Nano? (Sad this can be described as such now, a true DINO coin IMO).

Ergo? We all remember when that was the lovechild of this sub right? Looks primed for a run.

Any Cortex holders here? I did hear a lot of AI buzz around this one.

What have we got? Curious what the r/CC views are on the above too. Nano, an old beloved coin. Ergo, a huge pump last cycle but no attention now. Cortex, a new coin that sits nicely in the current AI hype. Three very different projects, is there room for them all to succeed?

Disclaimer: I don't hold 2/3 of the mentioned assets... Guess what I'm in?

The original post: /r/cryptocurrency by /u/4inalfantasy on 2024-12-27 11:50:53.

The original post: /r/cryptocurrency by /u/BlazingJava on 2024-12-27 11:12:17.

In 2021 I had this portfolio which I added my expectations of price target of each.

Keep in mind I was still in my second year in this rodeo

https://preview.redd.it/d25ws0r6jd9e1.png?width=873&format=png&auto=webp&s=8b5222d5c87e8b2704bdec99e31e4fb1e52288c8

To all those that say "diversify is key", It's not, It's trash. It's way more important to find good projects rather than throw money at +20 tokens and know not a single one.

Disclamer, I ended this portfolio in less than a month, as I realized I didn't understand these projects enough to hold them with certainty.

I've shifted my strategy so I can follow each investment and get to know the devs & the people involved.

The original post: /r/cryptocurrency by /u/Daalex20 on 2024-12-27 10:22:08.

So how do you guys run crypto things on your daily driver?

I really dont want to get a second setup/laptop. If theres news in a Discord channel or something, I want to get going as fast as possible and not have a second laptop standing next to my setup or something. However, since I also download stuff for my daily life and gaming, I would LOVE to separate these two topics as much as possible - for the case that I one day download something malicious for gaming or something and I dont want Crypto to be affected.

Is it sufficient, if i simply run a Virtual Machine on my PC? Or how do you guys separate these 2 topics as much as possible, without giving up too much "comfort"? (I also just dont have space for a second setup and dont want to spend money on a second pc)

The original post: /r/cryptocurrency by /u/Snore_Face_Siren on 2024-12-27 10:20:16.

Hey everyone,

Here’s an update on the setup I mentioned yesterday.

The price hit the level and surged quickly in just a few minutes, leaving no chance for a pullback.

Currently, we’re up 3%, and the trend looks strong, supported by demand level pressure.

I see this as a clear uptrend and anticipate it could reach at least 104K within 2–3 days.

Check out the chart—it was a spot-on entry point!

Additionally, we’ve opened long positions in altcoins like XLM and SHIB, which are showing similar momentum.

Chart Link

https://preview.redd.it/7553dowfcd9e1.png?width=778&format=png&auto=webp&s=75a762b4b1d83632132cc543357f91a387e798b1

The original post: /r/cryptocurrency by /u/CriticalCobraz on 2024-12-27 09:46:26.

Original Title: India leads in Crypto adoption - With an estimated 190 million people in India lacking access to formal banking services, cryptocurrencies offer an alternative financial system that's easy to access with just a smartphone & internet access

The original post: /r/cryptocurrency by /u/ChemicalAnybody6229 on 2024-12-27 08:32:39.

The original post: /r/cryptocurrency by /u/kirtash93 on 2024-12-27 08:12:17.

The original post: /r/cryptocurrency by /u/hiorea on 2024-12-27 08:04:12.