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So it seems Bitcoin set a new 'high' low at $40.5K. Even though we're currently 38% lower than November, $40.5K is also a whopping 40% higher than the flash crash to $29K last May. That new, higher floor will not be missed by institutional investors.
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🐱👤Babyshibnobi the next big baby project | ♻️ BSC Reflection token |😍 Dev Team available 24/7 | 🔐 Liquidity Locked, safety first! | 🐋 Anti Dump and Anti Whale features | 🚀 Fairlaunch today at 21.00 UTC! | Join our Dojo! Stand by your fellow Shibnobi! 🐱🏍
After a crazy journey into the BSC Network altcoin underworld, telegram presale private groups and thinking I'm smart... I will only invest from now on in BTH and a little bit in ETH. I will tell you with detail my journey, sorry for the long post.
Except people ARENT or CANT pay the gas fees currently. As we migrate to 2.0 it should help but usability hurt a LOT when gas fees skyrocketed. There are newer contenders coming in with a very ETH2.0 model built from the start of where ETH is moving to. I do not believe any of them will push ETH out but instead coexist as pillars.
To be honest there isn't an easy way to put that into a formula since a variety of the variables are constantly changing. However you can get a decent approximation by taking your hashrate and dividing by the network hashrate, then multiple that by the number of blocks in a day (144), the multiple that by the average block reward + tx fee (block reward is 6.25 BTC atm and income from tx fees can vary, for the example lets pretent its 3.75 to make it an easy 10 for calculations). So you get: (YourHashrate/NetworkHashrate)\*BlocksPerDay\*BlockRewardPerBlock = Aproximate Earnings. (You should also subtract the mining pool fee which is usually 1%). In Other Words with 100 THS and the current network hashrate of 174 million THS: (100/174000000)\*144\*10 = 0.00087 BTC per day. THIS IS VERY VERY APPROXIMATE. I've left out A LOT of detail for the sake of brevity but I hope that this explains in some way what one can expect from BTC mining. If you want to get more exact figures I recommend doing more research and crunching the numbers yourself since all the data is publicly available :). Also I have oversimplified in some places since your chance of mining a block is related to difficulty not the overall hashrate of the rest of the network but dividing your current hashrate by the network total is a convenient shortcut (much like in primary school treating 22/7 as pi even tho its no where near).
I did a lot of DeFi, but less so nowadays, as most DeFi coins with high apy will reduce in value dramatically. So I am becoming more conservative, focusing on blue chip coins. But still hodling more than thirty coins, many in small quantities... Frankly, for some coins (like JUNO), it took me a lot of effort to stake them. But I gave up on staking Loopring as I did not find a way to stake some in the LRC wallet and earn dividends. And I am not so enthousiastic about hype coins like LRC anymore, as it ended up dropping a LOT.
There was a LOT of hope that LRC could deliver great things. But the mixed messages from the Devs have been a disaster. Can they turn it around? Maybe. Make the fucking announcement and let's see - ideally before the price falls below $1.
This is what happens when you allow your finances to be influenced by the activities of other people. This is also why I did what I did to put bitcoin on the global stage so long ago. You heard of me through some major events in the beginnings of crypto… only what really happened and how it was presented to you are 2 completely different animals. So I won’t go into details.. Just know there is a web3 platform coming which will render the current business model of a LOT of major websites completely obsolete… and All I have to do is click publish.
Afraid of losing your money dude... you know how much they profit off your savings and you don't see a dime? And fuck off with all the bullshit: you're a small time investor, nobody cares about you. Nobody cares about you multiplied by Half the new generation is A LOT of money. They can give off 8 times their amount of ''money'' in loans. So for every 1000 bucks they can give 8000 bucks less in loans out
Yeah! This is very true! I understood a LOT more about crypto when I went overseas and traveled through like 8 countries in 3 weeks. I paid a whooole bunch of money changers a buncha moola and my bank ridiculous fees for withdrawls. Thailand charges like $20 to use a fucking cash machine lmao.
Post is by: Mandrake_m2 and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoCurrency/comments/s48x1t/talks_about_eth_killers_have_been_around_forever/ No seriously, if there really is an ETH killer right now, why hasn’t it already started showing potential? Solana is a freaking joke to begin with. It’s probably the most centralized out of all blockchains out there in the market plus it goes down twice every freaking week at this point. I also hear some people talk about Polygon being an ETH killer when in reality its an ETH helper. It helps out the Ethereum blockchain users A LOT since its one of the most ETH compatible platforms out there and has by the the cheapest and fastest transactions offered. Polygon is very ETH friendly. Others say that ETH itself is its own killer but honestly this can be easily countered by simply using as mentioned before platforms like MATIC and Unique Network to scale the blockchain. It’s not really that much of an issue anymore… *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoCurrency) if you have any questions or concerns.*
The project is this far in, and hasn't rugged. That's a good sign that its not a scam. Its fundamentals are tied to surprisingly benevolent real world aims. And the price seems to have consolidated at a pretty healthy level. At this point in time, I felt comfortable enough putting a small amount into the project. Worst case scenario, a small sum of money is lost, either though a rug pull, or the coin price completely bottoming out and outpacing the interest gain. Best case, it has the longevity and legitimacy of Olympus and makes people a LOT of money for taking the risk. The big concerns are lack of audits at this point. Also not sure if the dev team has been doxxed. These would probably be a big relief. Also, with any DeFi situation, if you're concerned about scam potential, learn how to read smart contracts, and opt out before signing one with a protocol if you're worried. There's a lot of money to be made in stable, safe operations on Polygon. No one is twisting your arm to chase massive yields.
I would start talking to them about how the dollar lost its pegged status with gold.. About the value that people gives to scarce things and about how people gives value to all things and that rare items use to be desired... Then talk about tokenomics with simple examples, why a bag of rice is valued 1 dollar regardless the number of grains inside.. Things like that Then talk to them about Bitcoin and store of value compared to gold. About gold mining and bitcoin mining. Both involve real resources but one doesn't have a clear known scarcity and the other does.. Then talk to them about security and the responsibility of holding your own keys. 2FA, managing different passwords and email accounts, about a password manager. Then how crypto connects with the actual financial system, cards, security, DeFi and how to check if a URL is fake or not.... Then you should expline them how wallets work.. How to keep safe a seed phrase and the secret code to generate 2FA. IT MAY SEEM A LOT BUT A SOLID FORMATION IS THE KEY TO A GOOD SELF MANAGEMENT!
In a short time like 1 year or so approximately 128 billion US dollars got out of Turkish National Bank's reserves. It happened while the highly controversial Berat Albayrak was the Ministre of Economics, who is the Erdogan's son-in-law (lol). It is probably used to contain the USD's value increase over TRY but it was also not that succesful. People kept asking what the fuck happened to **our** money but every single authority answered the question differently. Worst thing is, this is a fairly recent event and the current government has been running the country for 20 years (literally running the country; with the endless authority). Just imagine how much more they've steal from the people. It's both horrifying and funny to think that LOT'S of people still supporting Erdogan and his gang.
Exactly! Staking CRO for 6 months is a legitimate promise to be a long term investor. I did a LOT of trading crypto over the last 1 year or so and kinda wanted to switch so CRO delivered on really good benefits of staking that are helping me do just that. I've got ETH, BTC, and DOT all staked at 3 month locks right now.
They are waiting to see how political winds blow. Once they open Pandoras box there is no going back. There is a LOT of FUD surrounding crypto out there. From "green" oriented politicians to general public miss trust to anything new. They will allow it, just holding to back to give time for general public to get used to the idea it will happened.
if people can't figure out if they buy .01BTC (@ roughly $450) and BTC price needs to double to 90k to in turn double their money ($450 into $900), they're a lost cause. that's beyond simple mathematical fractions. if you can't figure that out, without even being told, you need a LOT MORE research before you buy crypto. in fact, may wanna take pre-Algebra first. not even trying to sound harsh, it's just brutal fucking common sense and simple math.
3 big issues are 1. usually high gas fees or transaction fees 2. governments worldwide (probably bank lobbying) trying to ban, regulate (tax), or trying to merge crypto into a centralized system when crypto is for the people and not the other way around. 3. the lack of knowledge of the technology, apps, and/or devices that are used to use crypto in general.... most people find it too complicated. hell, people at restaurants have a hard time pulling up a menu with a qr code let alone make purchases and transactions through slightly complicated apps. i helped my parents open a chivo account (app used for bitcoin in el salvador, we are from el salvador but live i the US) and it was kind of complicated for them so i spent a whole day trying to teach them how to use it. ALSO, we are at the very early stages of crypto. if it does go mainstream i give it another 5 to 10 years before it gains popularity. on reddit we look at it like its common, but out in the real world you rarely hear about crypto. even in el salvador 98% of businesses do not have crypto, even at bitcoin beach (its a real location in el salvador) almost none of the shops and restaurants use bitcoin because the people dont understand the tech. there's bitcoin atms in some places, but the system fails A LOT. when they DO work people are left with a sour taste in their mouths. you put a $20 bill in the atm but only about 15 dollars is deposited in your account. in el salvador that 5 is still alot of money. so the thinking is, do i want this digital money that will cost me to use, or do i just keep a full 20 and go on about my day without losing money.
This title is kinda misleading TLDR: you need the iPhone in your hands, and unlocked from the iPhone’s pin code. Also a user can activate “Lost mode” from any web browser in the world if it’s lost/stolen (and this breaching will be A LOT harder, yet not impossible to do)
You know what's up. I definitely don't like Facebook, but they created react.js which is used to power a LOT of modern apps. They've actually contributed significantly to many open source IT projects, as have Google, and those projects have enabled smaller companies or individuals to yield much greater development power and produce goods & services that may have been out of scope otherwise.
I'm in a fairly small community and a LOT of the local businesses accept it for goods AND services. Probably depends on the city/state/region/country, but from what I've seen... definitely. BTC and ETH/ERC20 tokens aren't really accepted for things like coffee or sandwiches 'in the wild'. They're definitely the main targets for crypto atms though. When I'd ask the owners most just said there were enough people asking about Doge until they gave in. Most people do bitpay or flexa anyway but there's just something special when you pay someone directly from your wallet...
Rebalancing every 24 hours seems excessive, potentially helps to chase maximum profit but necessary to be mindful of the tax implications. In most countries, every transaction is considered a taxable event - this doesn't just mean crypto to fiat, but also crypto to crypto - so if you're holding 7-8 different coins and carrying out buy/sell orders at least every 24 hours, 365 days a year, you're creating a LOT of taxable events that you'll need to take into consideration at the end of the financial year, especially if each rebalancing act involves several trades. It may not look like much on each individual transaction, and you may not think it'll matter when dealing with small amounts, but you may find that the tax man would beg to differ. Just something to keep in mind.
GET Protocol Basically these buzzwords about NFT ticketing, web3, tokenomics (let's be honest, usually just means ponzi scheme), etc.. They've been properly doing that for years now. It's a ticketing protocol that provides way more value than traditional ticketing systems. Not only the NFT tickets (although it provides a LOT of added value), but also anti-scalping, ease of use, true random queuing and crowdcontrol for venues. They've been working on their protocol for approx 5 years now, building 2 products on top of it. These 2 products have been used by a bunch of integrators to sell 1000s of NFT tickets daily. ​ So why GET Protocol then: Because they've been focussed on their product, market fit, adoption, added value, ease of use. They're focussing on- and providing a product that is better than the existing alternatives, scaling their solution and adoption exponentially. To me this is the best showcase of what crypto can accomplish.
I think there is no way he’d be earning $100M on YouTube over 3-5 years. He *could.* But it would be A LOT MORE WORK finding the best sponsorship, creating merch, managing memberships, selling products, partnerships etc etc etc All he has to do on Spotify is sit and talk.
Palau's primary industries are tourism and offshore banking. The new digital residency program will generate US$150-$250 revenue per digital citizen. For a country where the average annual salary is 8k, that's going to add up to a LOT of basically free money, especially since the program will be managed by a contractor.
Its not overhyped. The metaverse will be a part of our everyday lives. And it's being built out now. Lots of it behind the scenes, some of it in public, but it's early days like you say. But the early days is when you want to get into anything. That's where the biggest opportunities are (and biggest risks). I was there early days for the rise of the PC and then the web. Metaverse is just like those. Mainstream didn't understand the possibilities for the PC and web (only 'nerds' used them for a long time) but then they exploded into society's consciousness. I see same thing happening with metaverse. I use my Oculus every day for entertainment and exercise and slowly trying it out for doing my job while wearing it. This will be the norm for a LOT of people over the next decade.
Rich as you said is subjective. but i Don't think you're set for life with 250k. You could be if you hold for some 10 Years till time come where life get too expensive in fiat that it becomes unreasonable and bob start getting into crypto then you're assets would worth A LOT. And you probably would be set for life.
yeah but you also need to understand that those same banks pay a LOT of people, with big amount of smart ones, who cost much, also pays offices so people can go there and be assisted directly with 1 on 1 personal assistant, etc… it is that they are just “robbing” people as you mentioned, but I understand your point
Not all crypto are equal or worthy of “love”. Some are scams and rugpulls. The people shilling coins in here aren’t worthy of love either. Call me salty if you want, but I’ve been here for a while and there are a LOT of bad actors in crypto.
What if you don’t have thousands of dollars of fiat under your bed to trade with? Banks will be closed if the power is out. ATMs won’t work. So you go back to a bartering system? Trade your stuff from your house for other stuff? Either way, you have A LOT more to worry about than some BTC you can’t access.
Post is by: Paskee and the url/text is archived[ ](https://goo.gl/GP6ppk)here: /r/CryptoCurrency/comments/s0wfh0/staking_is_in_fact_not_free_money/ So I had a debate recently with a young man that had issues with comprehending that - Staking is not free money. Exchanges offer staking to general public for a percentage. For argument sake lets say 10% APY. Algo is Proof of stake coin. Meaning someone, lets say Binance, has a LOT of Algo staked. They are a validator. Meaning they authorize transactions on network. Validator with larger staked amount of coins will get more traffic. So it is in their best interest to get as much as possible. But why would they do that ? Gas fees. Every chain has their version of gas fees and every transaction brings some profit to validator. So Binance is paying me a fixed percentage on my staked amount from gas fees they accumulated. In essence I am leasing Binance my coin. It is still my coin at the end of the day, they are just using it and paying me an agreed upon amount. It is by no means "free money" It is a business contract where both sides profit from venture and one side ( me ) is holding most of the risk ( coin could fall in value and I cant sell to save profits ). *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoCurrency) if you have any questions or concerns.*
A ton of people worship them, meaning they will do as their favorite celebrity says. Finance just happened to be one of the topics they touched. I don't know how can people follow them like this, but the truth is that it happens A LOT
Remember how people say not to invest money you can’t afford to lose? The best investors consider their investment money gone as soon as they trade. With this mindset you can have the patience to be down in a bear market for years. Patience is the only true way to invest. Get started in a bear market? Don’t buy, put it in cash and be ready to wait 3-4 years for a bear market. Then buy. Already down? DCA and be ready to wait years for the bull to come back. Bull and bear cycles happen, they just take a LOT of time
No. I know there are people with no excuse. You just didn’t seem to leave room for the ones who are trying but have only bad choices available to them. There’s a LOT of blame on poor ppl for being poor that happens on Reddit and only some of it is fair. The world is a pretty shitty place if you’re not born with advantages, honestly.
BTC and ETH dipped below support and then bounced off what I can only imagine is a truly staggering amount of buy orders. I'd imagine there's a LOT of those walls already set up all the way down to 30k. Not to say that's where we're headed, but some whales are going to sure as hell fill up their bags if we do.
The problem isn't so much that tether is the majority of the USD and/or Stablecoins used for USD-backed pairings, it's the theory that tether as a company makes money by printing tether to buy up BTC and inflate the price, then dump at highs and pocket the difference. While this is only a theory, there is a LOT of compelling evidence to suggest that they are indeed doing this, and it could mean that a LOT of bitcoin's volume is fake, which would not be good for the price action in the long term.
Inflation per se is not a bad thing is actually right. It get's bad, if the salaries don't rise to at least match the inflation. If this happens, Inflation becomes a non-factor. If it doesn't well then yes: You are fucked. Inflations is necessary in capitalstic system, since otherwise people will not buy every shit. It's the formula of "If i don't buy today, tomorrow my money is worth less, so i just buy shit". If it's deflationary it's "If i don't buy tomorrow my money is worth more, so i don't buy". The economy, which needs consumption in a capitalistic system, then tanks. ​ Also Keynesianism is actually something else and not per se tied to permanent inflation: State spends money to fire the economy, once it's back on they don't spend as much and get their money back through taxes. They could theoretically burn that money at that point, causing deflation. So the keynesianism isn't the problem per se. As for the basket: The basket is (in most western countries) changed to what people need to live. In 1970 there was no CPU needed for everyday live, now it is. So we don't compare the basket, we compare the cost of living trough as basket of items the average person shops in a year. So yes this method is valid to compare cost of living. Thus a crisis in chip-production would increase cost (less chips at same demand=higher price) and thus the inflation in 2020 but not in 1970 ( if there was a crisis in chip-production at that time). Also for the gas cost: There are a LOT of factors playing in. The oil cartel OPEC for example. They basically decided to get together and decide how much oil they'll pump to influence the price. The price is being manipulated thus also artifically increasing inflation. ​ Basically what i am saying: The FED is of course to blame for the inflation. But only partially. The price of food and gas or anything can basically increase without the FED printing one more extra dollar. The inflation can still be 5%. Would it be? Probably not. But that is a factor to think of. But you are right in one: The consumer is not to blame.
Like he said, it works for who really know what they are doing but is certainly less useful than in forex markets, which is actually where TA really shines, much more than stocks. Anyway, most "TA" from crypto are just "kids" (mostly moon boys as well) with no experience besides a market that just keeps rising so they all feel entitled to say they have good gains.. And most of then also "learned" TA from YouTube so the cycle keeps repeating. I think the real message you want to share is that crypto TAs are full of shit, which would be a correct statement. I saw A LOT of them trying to find a good one but found nothing, maybe 1 or 2 that had some idea, the rest was all bullshit. As we all know, if you are good at TA and can set yourself up for success, why would you share it? If you had a money printing machine at home there would be no point in sharing the profit and let everyone know what you are doing... Especially for revenue on YouTube that you supposedly don't need since you're "good, rich and with consistent gains".
I'm looking at the stagnation of btc versus eth from 1 year ago. There is a LOT of money that wants to see eth succeed. I store my wealth in eth, ill gamble on the up and comers, profits rolled back into staked eth. This last couple weeks has been painful, but I dont see eth dissapearing.
More or less what I came here to say. Ramsey gives good advice for people who are completely lost. But his advice isn't ever going to help you min-max anything. He's a rope in to a dark pit. The people who have done well investing in crypto are building their own rockets (proverbial, not literal). So...yeah. His advice isn't bad for a LOT of people. And Louis Rossmann covers that 'get rich quick' mentality and how wrong it is with respect to risky investments in the stock market/options trading. But both guys are saying the same thing: Take the slow road if you don't know what you are doing. And, frankly, there's no shame in that.
Exactly my sole problem with crypto. I know there is Proof of Key day but I'm convinced there is a whole LOT of people that think they own BTC when they don't. If there was a day of reconning, many of these non-custodial exchanges would not be able to settle what amounts to a massive amount of IOUs. Wake the fk up everyone, pull together a few bucks and buy a decent hard wallet. Not your keys, not your cheese.
That's not true at all. Plenty of avg joe have made a lot, A LOT of money with crypto. That narrative of "rich getting richer" is nonsense. Just take a look at any project on twitter, discord or telegra Next year when mtgox start sending btc to their owners a shitload of people is gonna make life changing money that otherwise it would be impossible to achieve Me myself I made an extra salary with crypto. Nothing compares to crypto when it comes to making money. Nothing legal at least
Yes, absolutely agree with you here. There's a lot of work left to be done. Like, A LOT. The language used in communicating crypto and forming different narratives also needs to be heavily fleshed out and simplified. I think that very few of us, even those invested in crypto, know the ins-and-outs or even have a working idea of how most different platforms, apps, coins and block chains work.