LOT

Gh0st_Pirate_LeChuck

There’s A LOT of stupid people with internet access.

tequilawhiteclaws

Just follow what the institutions are buying. Yes Bitcoin, but they're also buying A LOT of other stuff. Layer 1's and plumbing coins like Link, Ondo etc. I would not be buying something that is merely trying to be a currency without any utility beyond that.

MaliceSavoirIII

Learn everything you can about narcissistic abuse and cluster b pathology and it will be A LOT easier

Friendly-Attempt-279

Unfortunately I think in 15 years inflation would mean that 1 million has a LOT less purchasing power. I would think if in 15 years it hits 5 Million that’s a different story. I always assume inflation rate will be 3-5%

chanmalichanheyhey

lol i was about to say this as well. buying IBIT even with higher than normal fees, is better than a newb getting scammed out of the entire principal sum . there are a LOT of potential ways you can lose everything for a crypto newbie

Special_Truth9359

What LLMs lack in quality output they make up for in speed, like I said. They can simply operate a significantly faster pace but on an individual basis they require a LOT of guidance to arrive tight, high quality output

Express-Economist-86

Then that’s worse. The length of time you’re going to live keeps going up with medical advances, and with a growing aging population - the money is following your cohort for services. If you’re not working strategies to hold your money, like taking a loan against your holdings (no tax on a loan - if the underlying goes up take a new one) or investing in solid dividend payers to keep your underlying fund - then you are asking to be old AND broke in the most vulnerable years of retirement. You’re going to get increased tax brackets at your weakest time, it’s really disgusting how the economy treats the elderly. I’ve done my share of reports to senior-abuse responders, the response is painfully slow and the situations older adults get into are so pathetic, dark, and unhygienic they’ll let a LOT slide a normal human would be crying to see someone they love in. I can’t stress enough, HOLD your assets. If you don’t know how, find out. No one looks out for the elderly the way they should, and 98% of the time they’re trying to take your finances to the cleaners.

Vipu2

So 1 BTC today is worth A LOT MORE than 1 BTC 10 years ago?

Tallwhitedude123

It’s mechanical. Bond talk isn’t sexy. Most don’t understand it and zone out. That’s why they don’t get in or get of assets early. Bonds dictate A LOT of other asset classes, to say the least. If you want to be successful in investing you must understand bonds

ObamaLovesKetamine

Stupid.. OR smarter about where I put my money. I dont want to invest in a sketchy memecoin that blows up overnight and then get caught holding the bag after the creator and everyone else pull out of it. With coins like these, if it's already going up, it's too late to gamble on. same goes for all memecoins. >Part of the game of investing in most cryptocurrencies is knowing it'll crash eventually and selling before lol. 'Investing' is doing A LOT of heavy lifting there. I dont invest in crypto to gamble on short-term gains. I invest because I genuinely believe in the infrastructure behind crypto and think it's the future of finance. I'm looking for generational wealth from longterm investments in serious projects, not pump and dump wealth from gambling on shitcoins. as far as I'm concerned, memecoins and folks like you who are all about the pump and dump are everything *wrong* with crypto and gives the rest of the scene a bad name.

omni_wisdumb

I've been in the space since 2011 and I consistently have some my entire BTC position and have made a LOT more profits than if I had just kept it all or partially sold. What's dumb is to sell after a massive dump in price or to buy when the price has more than doubled (especially since 2018).

AcostaJA

You don't consider AI startups cooling down, that's moving away a lot (and I meant A LOT) of capital out from AI, where you believe they are looking for? Everytime it's different.

JuxtaposeLife

While I get where you're going with that... Doom is a more open play (not 2D) and milliseconds are 1000 to a second. The number of clicks you see in this video is on the order of 150-200 per minute between firing and movement. That's A LOT of input data that would never be the same... like it might be on mario speed runs. The main point is that human clicking while playing a game of that nature introuces a level of randomness that is much higher than one might assume. Similar to the math behind what throwing an unsorted deck of cards on a table and simply rotating yoru hands for 10 secodns on the pile, then gathering it and checking the order. The number of possible combinations of a shuffeled deck (a figure with 67 digits in length) usually surprised someone, even more than how random the deck actually becomes if you do that kind of a shuffle twice (even more entropy than 100 dice rolls)

lexicon_riot

There's nuance to this discussion. The question isn't how much hash you need to produce the next block, the question is how much hash you need to stop malicious miners from gaining the incentive to attack Bitcoin. We don't know the answer to that question yet. Hopefully we never will, but it will be a LOT higher than just one CPU, so this "BUT ACHTUALLY YOU JUST NEED ONE LAPTOP" rhetoric doesn't help at all.

AutoModerator

Post is by: Cool_Individual_941 and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1vrdizc/is_anyone_seriously_buying_this_stuff/ This seems to be the only large crypto sub that actually lets me post things without immediately deleting it so this is my new favorite place to be. Anyways. I just have a question for the huge amount of people on this subreddit. Is anybody seriously buying stuff like $Velvet? I just cannot imagine anybody who actually takes the time to look over the things they buy, seriously putting money into things like that. It sort of boggles my mind how high the market caps of some of these virtually valueless coins get up to. I understand the whole degen fomo gambling side of it playing a part. I maybe I just cannot believe the amount of money that is being allocated for degen fomo gambling vs legitimate buys. All it takes is 30 seconds of exploring the website to realize it’s the furthest thing from anything special or unique or groundbreaking. It’s overvalued by a couple hundred million dollars LOL. I watched this thing explode from tens of millions to nearly a billion, then back down to a hundred million and now back to over half a billion. There are A LOT of coins like this that I have noticed becoming more and more frequent over the past couple years, this is just an example. Its different from the usual meme/shitcoins. It’s almost like a hybrid coin of super overly exaggerated utility combined with hype and volatility popularity. Another example of this would be something like $LAB. Is the ratio of total legitimate investment money vs total degen fomo gambling money changing a cause of this? I would just like to hear other peoples legitimate thoughts on these kinds of coins, and other peoples examples like it that they have seen. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*

DaleAguaAlMono

It looks to be A LOT of fud in the bitcoin sub these lasts times; it looks to me that there is someone \[with a lot of money and interest\] in tankering the price or keeping it low. It's always the same; new dogs, same old tricks. Care of your coins bros; someone wants them badly!

Sharpie1965

He's going to steal a LOT of BTC

x0y0z0

In 2018 the average person barely knew what crypto was which made them all potential future crypto holders. Crypto had growing room, a massive market of potential buyers that could be converted by the eager and excited crypto evangelists spreading the good word. A LOT has changed over the last 8 years. Now literally everyone knows what crypto is. And when they think about it they generally think of scams, rugpuls, deranged volatility ect. When they compare it to stocks they see the S&P going Up Up UP and Eth being below where it was 5 years ago and BTC basically where it was. It looks like dogshit. Think of public awareness and sentiment as a recourse that can be spent. You only have so much of it. When the market is unaware then you get a steady influx of new suckers. Once every single person in existance knows, and has a bad impression, then you have spent this resource. This is why your cruch of "but we always came back like we did in the past" doesnt help. The only way for this to continue is if we find a stargate to another planet filled with humans who haven't heard anything about crypto, even then it would be hard because they could do research on the history and then the corpse starts to stick in the sunlight again. "It’s like saying after the stock market crashed, that stocks had their time." If every single stock in the stock market was essentially the exact same thing, based on the exact same technology, just with a different meme name and bullshit whitepaper making stupid ass claims, but otherwise having 0% value. **Then yes we could see the entire stock market crash and never come back**. But the reality is that the stocks on the stock market are for the most part extremely diversified (Bubbles being the exception) companies generating real value in the world. Not some smoke and mirrors white paper wrapped in lies like 99.9% of the shitcouns. You know this to be true.

crooks4hire

We can both occupy the middle ground 😁 You’re right too, wars are definitely fought with money long before they’re fought with guns. There’s a LOT of new blood moving into bitcoin, and many people view it as a safe haven rather than a tool. They’re understandably scared and just want their money to maintain its value over time. ETF’s, exchanges, etc are a decent enough avenue for that; but folks need to be aware that they’re still at undefinable risk when taking those routes due to the trust necessary to use them.

Some-Platform1968

Yeah, make regular contributions to an investment account with a portfolio that aligns with your objectives and risk tolerance. Do this for a long time and then you will have more money. If you’re trying to hit a huge, lottery type payday that allows you to retire early, that takes A LOT of risk and more likely you will be one of the vast majority who lose it all. There’s no strategy in this lotto scenario, just luck

Backieotamy

It could have been this fall/winter but the clarity act has put a very volatile wildcard into the mix and historically we're 2 years away from the next bull run of substance but again a LOT more corporate adoption than previous, ETFs, clarity act really make it a.. Who TF knows.

Big_Professional9253

Been in crypto since 2017. Seen A LOT of scams and been a victim of a couple of them in my early days of trading. This Coldcard hack is one of the scariest things I've seen in the cryptoverse. It's a level of counterparty risk that's very difficult to explain, and protect yourself against. Wondering how people are mitigating this new kind of risk.

foxy-agent

“Forgot” is doing a LOT of the lifting in that excuse

Zestyclose_Ad2462

Proposed BTC holdings: 10% in a cold wallet w/multisig or 2FA 10% left on a reputable exchange 40% in one ETF using one custodian 40% in another using another custodian This minimizes the possibility you'll get Cold Carded. Even if you do and it's a complete loss, you still have 90% of your portfolio. Ditto if your exchange goes under. ETF's aren't guaranteed but I'd bet good $ Fidelity, Vanguard, Schwab etc employ better (and far more) cyber-security nerds than any cold wallet. Let's look at Fidelity. They're the largest custodian in the US, with over 17 TRILLION assets under management. There's at least a CHANCE they'd make people whole. Otherwise, why would people keep their money with them? They'd forever be known as the custodian who got hacked and people lost everything. Conversely if they stepped up and made people whole, I bet they'd see a LOT of new customers. And few, if any existing customers leaving. Just my opinion

Revolutionary-Cup78

Don't do "what they say", understand the networks you are invested in. Without a baseline you can't tell the noise from the scam and the wisdom (and in the crypto space there is a LOT of noise and scam)

Zestyclose_Ad2462

Here's my take on self-custody: You should have some BTC in a hardware wallet, but only a small amount (say, 10%). The important part isn't how much is there, it's that you've built it should you ever really need it. Keep another 10% on a reputable exchange, 40% in an ETF using one custodian and 40% in another ETF using a different custodian. Presto - 80% of your BTC now enjoys institutional grade security. The .20 or .25 expense ratio you pay every year is money well spent IMO. Especially if you're no programmer/cyber-whiz. We are not there yet insofar as cold wallets. BTC itself takes a LOT of self-education and a cold wallet takes even more. Unless and until there's some recourse for a mistake, hack or coding error, self-custody will remain a fringe activity. We need better tools.

flashdurb

Can do a LOT of work with that short term. Imagine a reality where in April 2020 you spent your $1300 on Bitcoin at 4k value.

BTC_90210

Actually the burger did change, it got A LOT smaller.

ubermensch1001

Good point, man, but I recall seeing it on here A LOT because of posts pertaining to wallets in general.

ubermensch1001

The two worst youtube channels that immediately come to mind are; \- Altcoindaily, this one has some real news but they shill A LOT and they also try to spur FOMO. \- CryptoLarkDavis, that guy heavily promoted Celsius way back in the day and even had a video where he briefly "apologized" to his viewers if they had signed up on that lol. There are others as well but those are the bigger ones that I think of off the top of my head.

ubermensch1001

Bro, I don't think you understand what I'm talking about. Think about it this way, you have a bunch of posts on here specifically telling people NOT to buy Ledger because it's closed source and then recommending Cold Card. This was something I saw A LOT on here and yet look at where we are now lol. Do you not see the pattern here, the wallet that was heavily marketed randomly on the internet turned out to be complete garbage. It reminded me of the crypto youtubers shilling Celsius and Blockfi back in 2021, not sure if you remember that or not. Actually, now that I am rereading your reply to me on here I'm partially convinced you are just a troll that just came on here to argue with me for who knows what reason. Were you a Cold Card user perhaps?

ubermensch1001

What he's saying is that there was a major flaw with ColdCard that potentially could make the company liable. I've seen a few reposts on here from a few years ago where a customer reported having funds drained after following their seed generation protocols and after reaching out to their customer support they blocked him. I also saw a post where someone from that company was talking about retirement hack, where they intentionally input some sort of flaw into the code that makes the seed generation weak and predictable to where they could be guessed and the wallets drained of their funds. This is ultimately that has spooked A LOT of cold wallet users, though with this particular company there is some evidence that really puts them in a spot.

Tebasaki

Prosecution, legally, but there's a LOT of angry people that lost their "retirement" money and might want to get their portion back personally.

Emergency-Warthog-56

Yeah it's a scam that happens to a deed to a house or property. A owner doesn't notice that it happened until foreclosure notices start coming. By that point, it costs the real owner a LOT of money that they usually don't have to fight it.

Trick-Care8369

There are a LOT of ways. The most reliable in my eyes is to use multiple vendors to create separate sets of keys that way if one of the vendors is compromised and the others aren't you're still safe

low_contrast_black

Hell, this week I trusted other engineers on my team. Then someone introduced a tool I’d never worked with into the build chain. Broke all my shit. It only took a few hours to get to root cause and fix, but unknown unknowns kinda ruined my Friday. Still, I was happy my guys put my shit through the wringer. Granted, a LOT of us do possess a Jesus complex. But anyone that’s been in the game long enough knows just how shortsighted we can individually be and relies on a team to make sure the shit doesn’t stink. ColdCard wasn’t the hubris of a singular engineer, however. It was a systemic failure.

Wolfy_K

I wonder how much this, the other hacks and the massive scams (ftx cough) affect people's willingness to adopt bitcoin? Because my assumption is A LOT.

omni_wisdumb

That will be nearly impossible. Especially if it was am inside job by a higher up, they'll just dissolve the company. Either way, that company isn't nearly solvent enough to handle such a judgement. This is at it's base, the issue with crypto, and quantum computing will make it worse. People saying "oh your pin will be hacked first" don't understand the difference between banks and some open source thing that has no real concess. The whole "not your keys not your coins" or "keep it on a hard wallet" theory also then opens your up to this type of thing, which is having some agency over the security of you ownership. If you want to keep $100k of gold in your house instead of at a bank or as an ETF, go for it. But it's a LOT easier to get the gold in your house stolen or lost or what have you. There should be insurance for these things, but then good luck getting an insurance company to cover an asset that can be anonymously "stolen", or the value updated as soon as you buy more, and you would not be able to stay anonymous.

RTrancid

I have a similar track record as yours but I got a few market fundamentals right to do 22k to 96k. Now it's impossible to make a high conviction prediction because there's no obvious catalyst and A LOT of noise. That said, I'm profiting on other stuff and if we see another major correction, I'll trade the volatility.

omni_wisdumb

Give me one example of a regulation? I don't think you know anything about how hacking works. I also never said I was against BTC. Like I said, I've been in the space since 2011. I just simply said the industry has changed a LOT since back then and it's basically a completely different use case and ecosystem now. And then sprinkled in some advice that people shouldn't expect parabolic movements anymore.

0xvet

This vulnerability will scare away A LOT of new investors sadly.

420friendlyredbeard

Careful talking about ALGO in here … lot of love but a LOT of hate

banditcleaner2

Nobody wants war except those in power. They aren't the ones actually going to fight in the wars. Nor are their kids or families. I think if politicians sons/daughters were forced to go into the draft for the wars they started, there would be a LOT less wars.

freistil90

Look, I live in Germany, I trade cryptos, both of my parents of my partner are tax consultants and I can very certainly say that you are not correct there. „The accounting is the blockchain“ also makes no real sense. Now to your „the markets are very deep don’t worry“ thing, 5 mio USD are about 280k DOT right now. Let’s check Coinbase. If you’d buy BTC directly by market order with it, you’d look at a loss of roughly 50% right now (go and check). You could also sell DOT for USDT, where that volume isn’t even listed right now. The daily volume hasn’t been as high as the single order you would like to fill. Now you could go through the most liquid route, sell for USD and then buy BTC. Now how would you like to go about it? Sell for an actual 5mio USD amount? There you are looking at about 355k DOT you’d have to spend, which is a los of almost 20%. And then you’d have to buy BTC, which is currently about 127 BTC in the BTC/USD orderbooks. So you’re looking at 127 BTC for 355k DOT, which is an average rate of 0.00035775, compared tongue current spot rate of 0.0004415 luckily not that much more. Still, 20% loss from the trade alone plus taxes you have to pay. That’s of course assuming you go through direct market orders AND the market doesn’t immediately see your ass-large order and rips you off - there are A LOT of algo traders that just wait to squeeze that order out. You could go through a broker and try to get this down to maybe 5-10% through continuously sipping into the market, hoping that not too many market makers realise that over the course of a week someone is liquidating potentially several time the daily volume in one direction. You could go via multiple exchanges too - that could help! But, if you look at Kraken too and split that up, you’re still looking at a discount of 15% at least. „Just buy Bitcoin for it“ is a sign that you have never actually had to deal with larger orderbook mechanics. Just post the damn DOT address and take the damn donation.

mecca666

>I believe there are going to be A LOT of countries that will announce usage of cryptocurrencies downright illegal. I believe you have no idea what you are talking about.

neveradullmoment2

Sounds good but is totally wrong. If the US goes fascist I will need access to my Crypto assets. There are a LOT of good people in Russia. They just have a dictator warmonger leader. It's not their fault.

Flaky_Protection7634

Yea a lot of stuff and I mean a LOT of stuff is done on the internet

CryptoSavants

They have a LOT of allies that can help

jojothehodler

There is more than 136 million dollars in the LN. That's already quite good for a LOT of people....we are not buying national reserve of fuel/gas. We are buying bread and coffee lol 😂

slasula

and there are a LOT of Russians in Thailand, especially Chonburi province.

mightyduck19

I mean yeah I completely agree...I definitely dont want to be giving a single penny to the Russia right now. But I feel like $5m going to Ukraine might be a LOT more meaningful than it would be to russia...so in that sense, its worth the risk to send the money even if it doesnt make it. Definitely hope that it actually does and can make an impact. Fuck russia. Fuck putin. glory for Ukraine.

hirokinai

The safest option right now would probably be to farm dark/cro for sky through the bank. Buying sky directly is a great option if you believe the price will keep going up. If the Tomb shares is reflective of performance, (which dark crypto is a carbon copy of) then it still has a LOT of room for growth. Dark has been holding the peg ridiculously well, and will do so for awhile longer because the supply is just so low right now.

Bone-Head-J

Someone who would take USDC or some stable coin? I’m sure there’s A LOT more

563847293810

- Because it’s used a lot less - Again, because it’s used A LOT less. - sure, since it’s a direct copy of Bitcoin. Don’t see it accepted anywhere that BTC isn’t though, so what’s the point? - BTC ditto 🤷‍♂️

reve_lumineux

Solid plays. I always refer to the penny-doubling question / lily pad-in-the-pond IB question. Gives you a LOT of insight on why 2x gains are > 100x if you know what you’re doing.

Nixie_Five

For BTC's sake! It is NOT 43k USD in Ukraine! It is priced 43k USD in Ukrainas valuta (UAH.) Maybe because the UAH is down the toilette? You are free to trade that pair and accumulate a LOT of UAH if you want....

AresBlack149

I got me a little bit a few days ago. And a LOT more during the contest! For EACH AND EVERY .02 BNB buy, your wallet address is entered into a contest to win .2BNB! Just 1 .02BNB buy could be an instant 10x!

Modern_Orange

Like 36 hours ago, A LOT of people were calling for 20k XD

ImFranny

That does sound sketchy. Who in their right mind would try to employ some1 on Reddit? That's either suspicious, your people will look at your profile and know you understand A LOT about the technology. It's more likely a scam

cmudo

Its not exclusive to such use, think of the super average person who gets his money in the local currency. In the past couple of years, the average person lost a LOT of buying power. Hell, banks are offering double digit interest rates, you can't escape reality if you want to fiat your way around.

Underrated321

25$ is A LOT for Ukrainians. This post made me very happy

Underrated321

25$ is A LOT for Ukrainians. This post made me happy

toraanbu

And who is electing that government. I know at this point Putin can only be taken off his ruling chair via, most likely, assassination, but before? Why did your people vote for him? And for Medvedev? Even now, **A LOT** of russians are defending and supporting putin.

Paskee

ETH has high gas fees due to high amount of traffic. Basically chain is used a LOT and this affects gas prices. If people used it less gas prices would be lower, but that would kill the price.

CryptoBeatles

Probably this time a lot of people just decided to throw some money IN the market to enjoy the dip. So there's a little bounce. I think we will have a HUGE dip in the incoming weeks, there's a possible shitstorm coming from eastern Europe (possibly a turkish ship got hit by a bomb, if it's true, gg easy and we're all at war, boys), so the all markets will go crazy, stocks and crypto included. I don't think we're all gonna die, but things will get a lot worse before getting better, so it would be wise to not check your portfolio if you can't stand seeing a LOT of red lol

sandygws

Bulls trying hard to push BTC to 37K and wreck tomorrow's shorts. Looking 50/50 tight now, but BTC is doing a LOT better than we expected.

jesschester

Technically Crypto bro isn’t completely wrong. Problem is that many other things have to fall into place before that can happen. First, crypto has to clear a labyrinthine gauntlet of regulatory hurdles, not just in the US but in the majority of nations world wide. That’s going to take a LOT of time . Second, it has to become a convenient payment method, not an investment opportunity. That’s just the beginning of the list.

sandygws

BTC showing the market who is Boss. The biggest issue before was uncertainty - if, when and how an invasion would look. Now that's out of the way, panic isn't the main issue. Other than interest rates being hiked by 0.5% next month, we might be out of the woods already. I'll be surprised if my 29K BTC orders get filled now. Also remember: a LOT of money has been pulled already this year. Lots of it will come flooding back at a certain point.

Agreeable_Falcon1044

that has nothing to do with Ukraine though...that's because it's already lost 99% of it's value and the Devs have randomly started releasing and selling huge amounts of tokens without warning. That's more than a LOT of red flags...

SuckinAwesome

Ehh I try to save serious political arguments off Reddit because it’s a big time waste but I love Crypto so maybe a few thoughts are worth it. I left Ukraine more than a decade ago but still have family and friends there. A lot of people were hopeful and optimistic after revolution, including myself. Many older people were disgusted, also a big portion of Eastern Ukraine did not support it. Nearly a decade on and all I can say is that situation in Ukraine got even worse. Economy in toilet, no manufacturing and worst of all some questionable social moves by government in regards to allowing nazis and officially recognising them. Now, I know that word has been desensitised in the west because everyone right of Bernie gets that title but in Eastern Europe it is a really big thing. Most families are only one generation removed from losing a loved one in the War. Everyone inside Ukraine and around the world knew that Ukraine going to Europe was a no bueno from the start. For some reason, Ukrainian politicians just kept angling for it, all while knowing where it would lead to. There was a neutral game to be played but for some reason was avoided. Now those same politicians fled the country, all while telling every man 18-60 to go and fight someone that a lot of them don’t see as an enemy. It’s honestly sad because there is a lot of shared history, good and bad going back centuries. A LOT of Ukrainians have Family in Russia or consider themselves to be part Russian. Unfortunately, it will go down as another failed state after another CIA colour revolution. War sucks and the worst part of all will be that most of the deaths will be 18-25 year old conscripts who have their whole life ahead of them. As for Crypto, in Ukraine you will see a massive adoption because the economy will barely function and people will rush out to protect their money. Russia too but on a more investor level as people try and bypass sanctions. … because I know this will be met with a putinbot response, I’m more than happy to put up a 100 DOT bet with my birth certificate being proof.

necropuddi

Again, IOHK has 600+ employees. If IOHK could hold onto its ADA while paying for that many employees, that would lead me to question how the hell it's all being funded. IOHK is spending A LOT of money on researchers, engineers, management, and grounds work in Africa and other regions. What's most likely is that the billion ADA was sold to fund operations. Whether it was sold first then fiat was paid to employees, or some other arrangement, we don't know and have no way of knowing. Just apply some logic for a second. Think about how much staking rewards were lost by not staking that ADA. If it were Charles himself, he'd be making quite a large loss by exploiting a DEX at the cost of staking rewards. I've seen your other reply where you said that you think it's for "ego reasons". If that's how big your tinfoil hat is, I don't think me making any amount of sense would deter your judgment.

LaMeraVergaSinPatas

It’s a LOT of shrieking

Serfaksan

In the short term it did went from $40K to $44K but on the better and long term goal, it made a LOT of people who were skeptics to realize the importance of having a currency that the government and the elites can't control.

RegularDevelopment52

The government here can suck my balls. However these last few days have brought A LOT of eyes upon cryptocurrency and the concept of decentralized banking. Trudeau has worked against himself every step of the way, it's pretty funny.

padizzledonk

And it's not even like it takes a Masters Degree in Financial Analysis and 4 days of intensive research....it takes literally 10 minutes max when its a new issue and 90% of the time you are done after 3-5 because it's so obviously trash FFS, a LOT of the time I don't even have to leave CMC or the coins/tokens chart page and it takes less than a minute because it's painfully, *painfully fucking obvious* just based on the Name, supply, age and liquidity that its sketch AF People are super lazy imo

Faceh

Yep. It needs to set in for people that the ability to see 10x gains inside of two years or 30-50x gains over 10 years are gone, at least for BTC. We're still 'early' but not 'early-early.' Not when there's superbowl commercials about Crypto. I've been around long enough to remember when cracking 1k was a big deal. Then 10k. I do expect to see 100k too. But someone who wants to make life-changing money from BTC cracking 100k has to put in a LOT more capital up front.

Cleynn

Me too, but the collapse will hurt a LOT, even if you don't have any

-Pruples-

Thanks, but from the sound of it you'll have a LOT bigger fish wanting to work with you at that point than me. My entire portfolio (which is 95% real estate at the moment) is worth approximately $30k. If you don't mind me asking, how'd you learn to pick coins like you do? It sounds like you've got a lengthy background in stonks? I've got literally 0 background in finance at all, so it's been a rough road trying to learn anything with coins.

dwin31

If you approach Crypto.com, Coinbase, Binance, Kraken, and Gemini as a scam, you will waste countless hours that could be better spent. Point is that this space has matured a LOT, and you need to use some common sense about platforms that have millions of users and billions of $ in AUM.

Paskee

Very good to see crypto scams are not just free money and the police can do a LOT to recover stolen money.

padizzledonk

Its going to shake out a LOT of dogshit (pun intended)

Still_Lobster_8428

>This has already been happening for at least a year or two in the UK, and I assume other countries. Many addresses deemed to be associated with criminal activity are blacklisted by exchanges, and regulations force crypto providers to use such chain analysis tools and contribute to the blacklist. Yeah, 100% correct! I think its being used a LOT more then we can imagine. I first came across references in a court case years ago against a dark net drug dealer that indicated something was being used to grab transaction histories and track asset movements. Initially I thought it was being done manually. Then awhile later found a Israeli company that was offering the service to LE and they directly stated they used a algorithm to scrap blockchain explorers and map the data out into a usable format for LE. Must have been within 6mths of that I had come across a US and Canadian company both offering the same service. From memory, this would have been somewhere between 2018-2020. At the time it was very much targeted at LE for criminal cases..... but the applications were immediately clear. Besides LE, governments would love it for tracking persons of interest, tax departments would beat down their door to access asset tracking to enforce taxation, intelligence organisation would have been first in line before LE.... So its safe to say this is in MUCH more widespread use then we can imagine (or at the very least in the process of being rolled out to things like tax departments). This multi government "intervention" around Binance and its global activities was the 1st major inroads governments have made to capture the crypto sector in a regulatory framework. Going after the largest global CEX and beating it into submission sends a VERY clear signal to ALL CEX's.... conform with each nations regulations or watch your ability to function as a business be strangled and become unsustainable (remember, while these CEX's operate in the crypto space.... they still require traditional bank account access for things like on/off ramping customer fiat, paying the CEX running costs like servers, staff, marketing and so on). The fact Kucoin CEO came out and WARNED the crypto community that ALL CEX's WILL comply with government directions to freeze user accounts is clear warning that this is the new reality for ALL CEX's.... Not my keys, NOT my coins! We all need to HEED this warning now more then ever in light of what is happening in Canada!

Rider_0n_The_Storm

I wouldnt do it out of ethical reasons. It's like selling booze to an alcoholic, or drugs to a drug addict. You are taking advantage of people who have primal needs, but lack the social skills to satiate those needs in a healthy manner. It's not like the service you provide provides them with genuine relief - I feel like the booze to an alcoholic analogy fits well here. That's why I'm a bit puzzled by the 'respect sex work' movement - I feel like it's too encompassing. I don't have any problem with sex work in itself, but a LOT of those jobs are just preying on people with genuine problems, and you don't relieve them off their problems - you just take their money, in exchange for worsening the problem they have.

AroundTheWorldIn80Pu

Yeah, there's been plenty of ways for merchants to accept crypto for YEARS and very few have cared to implement it. As someone who shops online a LOT, I'm still mostly dependant on Bitrefill if I want to pay in crypto, and even that is pretty limited outside the U.S. Brick and mortar shops? Not even worth talking about.

Baecchus

A LOT of selling.

HODL_monk

The title of this post is somewhat misleading. This guy would have been a LOT better off if he were traditionally banked, and not 'self sovereign', as he was. If he had a paper copy of his private key in his car, the result could have been exactly the same, if he told them that he had it, or if they found it. This is an actual threat to crypto, once the authorities get more savvy on looking for, or asking about if you have it with you.

sandygws

$20K won't happen unless China decide to help themselves to a slice of Taiwan. BTC touched $33K last month - it's amazing how many people on this sub seem to have forgotten that. A LOT of the perceived forthcoming bad news is already priced in.

simmol

One thing that is worrisome is that A LOT of leveraged longs will open up in the low 30's. So this can dump under to much lower levels than most expect (e.g. 26-27K) due to cascade of liquidations. The leveraged longs are going to make it more painful for most of us but they can't help themselves.

stunspot

Not unless they've got some secret quantum superdupercomputer. The bitcoin mining pool is the single largest supercomputer on the planet, by, like, A LOT.

sandygws

This is a good time for anyone using leverage to adjust their position(s). There are going to be a LOT of forced liquidations this week.

amalvarez

Good call! Now Get the rest out of the exchange as well. Half a coin is A LOT. Better to have a little in a NON-CUSTODIAL wallet on your phone if u need some in an emergency situation. Or keep a LN wallet like muun with a few houndreds.

Tatakae69

>Looking at you atomprotocol You'd be looking at a LOT more projects then

Vemod88

I believe Ben Cowen said something along the lines of " TA will show you exactly what you're looking for" which I agree with. Most lines can be interpreted in nunerous ways, so you'd have to take into account A LOT of different factors.

Taxfraud777

Take a lot of time learning to trade and invest first, like A LOT of time. I spent 4 months learning to trade and understanding the principles until I felt I was ready to invest. Best tips I can give are: -Prioritize risk management. -Learn basic market structure (or TA depending on your goals) -Find a group and/or person to discuss crypto and/or trading -Learn mindset and market psychology and realize that trading or investing is a game of logarithmic and mathematical probabilities -If you're planning on trading: search for indicators/strategies you like and stick to them - really do. Lot of traders get overwhelmed by all the strategies and lose confidence. -Crypto investing is long term. Whether you're HODLing or just trading.

batshit_lazy

I understand your question, your logic is that if Tether is worthless, people would move their stack to BTC, which would pump the BTC price further. That's not how it works. First of all, if USDT implodes, its value will tank near instant as there will be a full-on run on the bank. Likely multiple exchanges implode with it and the market wide panic will cause utter collapse within a day. Not 0, but very far down for sure. Secondly, USDT is a large BTC pair and A LOT of BTC has been bought with Tether. If all that liquidity suddenly goes 'poof', so does the artificially raised BTC price from it. You ever seen a shitcoin rugpull where a bunch of liquidity is taken out and the price tanks as a result? Same thing, but in the scale of billions.

Soggy_Pin8799

Been noticing a lot of adoption and legalization of crypto recently. I feel like if we keep up this pace we might even see DeFi and DAOs take over banks and governments. Now I know this might take A LOT of time, but with projects like BitDAO pouring hundreds of millions of dollars into DeFi and Web3 development, it might not be a long shot really

sobi-one

I think it bears (no pun intended) repeating that the last crypto winter saw BTC take over a 400% dip and took 3 years to return to its ATH. That said, we should also keep in mind that it’s literally impossible for that to repeat since the circumstances can’t be repeated. We can’t go back to such little knowledge of the crypto space which has ***something*** to do with it. Can it go drop as low again? Sure, anything is possible, but I have a hard time thinking financial powerhouses that have swarmed into the space over the last year are going to cut and run at this point. We would have seen it already if they didn’t believe in the long term viability, and the levels we’re seeing right now would most likely be a LOT lower.

Nervous-Papaya-5675

Way too much to post but here is full speech from the book. Movie truncates it. A LOT http://faculty.citadel.edu/sobel/Entrepreneurship%20Class%20Readings/11.%20Rand%20-%20Francisco%20d%27Anconia%27s%20Speech%20on%20Money.pdf

DFX1212

The technology will get easier to use, opening the door for wider adoption. It reminds me of the early days of the internet when you had dial up. It would have been easy to think it was a technology limited to the moderate to highly technical people. Also, future generations also are comfortable with more advanced technology. My young niece is better at using her iPhone than my mom, for example. You might also want to remember that a LOT of tech is done by young people. A wave of the next generation adopting and building on crypto is bullish af.

michaelb1

The true benefit of Cardano is that it lives rent free in a LOT of people heads. That rent savings is tokenized and distributed to Cardano stalkers as rewards. I’ve made $1M from it on a 5 Ada stake.