Citadel, backed by Fidelity and Charles Schwab, launch an unregistered exchange with only 4 tokens,of which traders can't take custody/withdraw. Why would anyone use it, especially after the amount of traders who lost tons from the Gamestop/Robinhood fiasco in which Citadel seemed to play a big part
If you've participated in anything on Reddit like Moons, RCPs, NFTs, governance, moonplace, etc...You are an early adopter of something that could be the beginning of Reddit's big bid for web 3.0, and the next step in the evolution of social media.
NFT twitter coming to reddit with the mindset that they are expanding to a new platform is like European explorers claiming to "Discover America" despite natives populating the region for 20,000 years. I've lived both sides for a decade.
Bitcoin isn't the Ponzi. Fiat is. That's why Bitcoin's price can be so volatile when measured in fiat. The large prime brokers can print whatever they want whenever they want. They're basically unregulated. Too big to fail. They can move the lines any direction they want. But 1 BTC is always 1 BTC.
Crypto trader downloads a wallet and dumps their life savings into a coin that's going "to the moon" according to Reddit. No one blinks an eye. In fact, they’re met with encouragement cause crypto devotees continue to excuse themselves from the basic responsibility of understanding how money works.
All investments are risks. Though if you really want to get into it, just look how brokers responded to the GME shenanigans some years back. ​ As far as regular options go, they have enough customers who aren't losing money for it to work out. Not the case if all their crypto account suddenly slam down to 0.
I'm putting $15/day in BTC and $6/day into eth and $5/day into whatever alt I like (quality ones). I haven't put money into my stock brokerage in a long time. Also buying physical silver hand over fist too. We are in a financial bubble propped up by the central banks using money printing to ensure "it doesn't collapse". Look at the banks. A gust of wind could cause all the majors to collapse. It'll make 2008 look like the GME squeeze.
It kinda means a lot. Supply is so tight, the short float is even higher than that. This is like the GME/AMC setup of 2021. BTC could be a million dollars in hours if the WSB community piled in. GME and AMC diluted their shares during/after the run up. BTC can't be diluted! Low supply and decent amount of ppl shorting. Best setup ever. Crypto bros are so busy trying to find thE NeXt BitCoiN that they can't even see how big this opportunity could be.
In a bullish scenario, they become more integrated with Reddit’s ecosystem of products/uses, Reddit launches a centralized exchange/marketplace to trade points/digital goods/awards, Kraken, Coinbase, Binance, maybe throw in a GME style mania around a price pump?
You’re posting this a mere few days after people sold moons for $50k-$100k and are buying homes or paying off debt with it. Yes, there’s plenty of time to make life changing gains, just like there’s still opportunities to make life changing gains in the stock market (GME, AMC, NVDA recently). It also has to do with your time horizon. $1000 at 10% over 40 years is $45K. It’s why consistency in a DCA is so crucial
What other social media apps you guys use? Ever since I joined Reddit couple of years ago when GME saga went down I cannot seem to like any other. Since i found this sub I started looking more into crypto and this is how it all started.
My only problem with LRC is that it feels like it’s running on the GME hype which was in hindsight a felt kind of like a grift. Plus it’s massively mentioned by bots on WallstreetBets which is shady in itself. But at least it means it’ll probably get some pumps down the road
Same, my friend got me into Doge and SafeMoon at that time. He was into WSB. He rage quit investing after he got locked out of Robin Hood during the whole GME shitshow. I joined r/cc, started stacking moons and put my savings in btc.
Surprised I haven’t seen anyone mention LRC yet. This was a coin that was hyped up in connection to GME when things were all crazy. The mania had LRC zooming up so fast but came down almost as quick. I had a bag I bought around 25 cents, added more at 80 cents and then watched it crest over 3 dollars thinking it had more room to grow. Needless to say I ended up on the losing side of this play.
>hilarious how nobody sees a problem with this from an operations standpoint, and instead is responding like a bunch of tribal GME baggies. I made out w/ a profit! Sorry! it's incredibly fucked up that apes are buying a token on a CEX that has no deposit or withdrawal options.
Shout out to all the OG moon holders who were here before all the rules implemented like the max karma limit and could still post memes! It was the wild west back then 😁 A single post about GME and Robinhood got me most of my moons since it hit about 15k karma and just been chilling since then but cool to see so much more moon holders.
I think we’re setting up for a bull run. But I live in a popular US city, there are strikes & protests from workers that are not able to make ends meet anymore, AI will begin to take more low entry tech jobs. Even though there are plenty of labor jobs everyone wants to watch videos on their phone all day and get paid. During the Covid bull run people got their stimmy, heard doge, GME, or AMC, everyone saw normies get rich overnight. And it became the dream. The major FOMO has yet to be instilled into the normy. & a lot of attention focused on btc halving. The time is not yet, but we are definitely setting up for it.
Everything about Moons makes it just the right amount of meme with huge potential in terms of utility, which other meme coins don’t possess. That’s why I’ve been very bullish on moons. No joke, this is gonna be a bigger story than $GME.
Relatively senior level at a FAANG, also had some huge wins in early stage angel investing, crypto, and real estate. Honestly, bought this stack of Moons & Bricks as they’ve got a better risk/reward profile than any startup I saw at the time. I’m in this for the lulz and the glory of being in the GME style frenzy…