MM

mrmishmashmix

[https://www.youtube.com/watch?v=qlicWUDf5MM](https://www.youtube.com/watch?v=qlicWUDf5MM)

biba8163

You're 22 years old. You likely don't have a huge sum invested to really feel the drop. A lot of people in their late 30s and 40s have $1 Million or more across 401K, IRA, HSA and brokerage accounts. If the stock market drops -4% over a week, with $1MM across accounts, you just lost $40K in a week -- that's if you were in a conservative S&P 500 index. People become fearful because it could be prolonged. In 2022, in 7-8 months, the market went -24%. If you had 1 Million across accounts you just lost 240K. Then people start panicking. Oh, it'll just bounce right back you say. From 2000-09, it kept dropping for almost a decade. -50% over a decade. If you had a $1 Million, now it's $500K. If you had stopped working, you're losing money all time time over 10-years and you're only spending money without money coming it. Over 10-years , you've essentially seen your entire life savings vanishing into thin air. This is why so people older people panicked into bonds after the great recession and missed out on a 10+ year bull market that followed.

GabeSter

Yes but hold on it’s not confirmed: Bitcoin magazine announced it https://x.com/bitcoinmagazine/status/1815854792066875531?s=46&t=_XdO1MM-IScHom7IthfJPA

Comprehensive-Belt40

BlackRock have time to buy the BTC. Also, $500MM inflow isn't alot for BTC. There can also be sellers that's $500MM total too.

Sundance37

First of all. Don't think in terms of $1MM in your bank account. Millionaires don't have that much money liquid. Instead, think about net worth. What is the total value of your assets, then subtract your liabilities.

IcArUs362

So I'm assuming you're using MM or something similar? Before they drained it, at ANY time did you get a tx or signature request pop up for your wallet? And you're sure you never provided seed or pvt key? I'm assuming--from this small amount of info--that their app or whatever sent you a tx request to sign & you signed it assuming it was legit or something just to affirm you intended to connect to their app or whatever, but correct me if I'm wrong. I can tell you from PERSONAL experience that the 3 or so big names in crypto recovery are legit, have reasonable fees, and will sincerely try their best to get your shit back. However, the majority of them tend to focus more on situations like having lost your keys or whatever, not having your wallet drained, so they may not be able to help you with this situation. I'm sorry that happened bro. It's always painful to hear & even more painful to go through. I know you don't wanna hear this, but it's true--you will come out better for having learned from this. If you move forward & continue in the space, a hardware wallet is okay BUT it's only as good as you are with security.... You can still have your shit drained from a HW wallet if you make mistakes or get sloppy. IMO the best tactic would be to instead just be annoyingly careful with your actions (i.e. keep funds split into multiple wallets, make new wallets for all new connections & only add enough $ into that connected wallet that you need, etc). A software wallet with ultra-secure practices can be just as safe as a HW wallet with sloppy practices. __In other words, all I'm saying is just getting a HW wallet isn't a cure all / magic bullet.__ Stay safe & good luck bro!! Sending love.

DeoVeritati

I don't really agree it won't let you build wealth very effectively. Investing $500/mo for 40 years puts you at >1MM in today's money assuming 7% YoY growth which is pretty standard inflation-adjusted assumptions, and there is about 100 years or so of precedence that helps build confidence. Compound interest is powerful if you start early enough.

Blackpalms

Don’t be too hard on yourself. I’ve been in since 2017, very active, and got hit this year too. Between my MM and drops that hit that wallet, it’s approaching 50k. Sucks but they are getting clever. Sorry for you though, never a better time to build it back up than now

petertheeater15

So there is a wallet that has DCAd over $1MM in $500 chunks into Alb over the course of two months. This is the same pattern Coinbase has when purchasing liquidity for token listing… might be a huge chance here

b1mm3rl1f3

I think his argument was the macro environment has fundamentally changed and a 20x with ETF’s is possible (with only ~1.6MM BTC left on exchanges). Bloomberg etf experts estimated $12-15B net inflows in the btc etf first year and we’ve already crossed $16B, 6 mnths in

codemonkeysh

Thank you for selling me your coins. Please hold off on buying back at $1MM I may sell some back by then.

segment_offset

Most alts are correlated with BTC due to MM bots. They may individually break correlation due to some specific news or whatever, but stat arb bots will push them back together once the divergence is great enough. BTW, this is one of the most often asked questions on this sub, that's probably why you're getting downvoted so much. Next time try a simple search, it would have given you a plethora of answers.

uncapchad

yeah lot of ways but if you're new to crypto and want to buy that volume best to speak to a registered OTC or MM first and not get caught in AML and other administrative crap. Or trapped by fake investment companies

raymv1987

Why doesn't he have the son set up a wallet with MM, buy the crypto himself, and then send to the son?

Lexsteel11

MetaMask ceo was talking about an ICO at the end of the last bull run and was simultaneously hyping their then-new coin swapping feature; they abandoned the ICO as everything started collapsing, but I still expect them to do it. I have a few MM wallets with a balance and I use their swap feature once a month or so with them so that if they ICO with an airdrop based on that user engagement, I’d be eligible. I don’t know if/when it would happen though

HSuke

1. How is mobile only a good thing? I hate making big financial decisions on mobile since I can't easily double-check. 2. This is completely unrelated to the topic 3. MM supports mobile

EveliaAvila

I know this is becoming unpopularity but, I love MM. Still never had a problem with it.

Nice-t-shirt

I keep a large amount on Robinhood. It’s convenient and keeps my cost basis, which my Trezor does not. My biggest worry with the hardware wallet is the transaction cost to send the Bitcoin in case you ever do want to sell. How much is it going to cost and how big will your UTXO need to be when Bitcoin goes to a $1 MM+? No one seems to know.

Nice-t-shirt

I bought a lot down there and everything in between. Just bought more today. In ten years from now, when it’s sitting at $1 MM well look back on these days and laugh. It’s all very predictable.

Rizzguru

I can help you with that. We can use a MM (middleman) or whatever you require. I still HODL private BTC I'm cold storage but have some extra lingering. I need a bit of shitty fiat atm so wouldn't mind. Let me know

Chambana_Raptor

God...this. I had a PhD coworker CONVINCED he was a genius. Total Superstonk GME ape. He sold a $250K apartment and put it all into GME ~2022. He put $100K more in from his salary between then and about 6 months ago. He refuses to even ride the waves. Only diamond hands until his shares are "$1MM a piece". According to him, his wife has no idea what he's done. That poor woman is pregnant and the dad is doing that shit behind her back. I can't imagine how much money he lost vs. putting it in SPY even. My Roth is double what it was in the same timeframe.

biba8163

> 4.8 million spent on influencers. Insane. No, it's $32.4 MILLION on shilling in 6 months results in token price dumping -25% this year. So people buying and holding this not only paid for all this spending but also paid for it a second time in losses. It still boggles my mind that people keep falling for these centralized shitcoins who take investor money, buy advertising, sponsorships, pay for huge marketing team, CEO, etc salaries. I remember in 2018 the Request Network (REQ), which was maybe the most shilled shitcoin at the time, showed a video of an expensive team dinner and the community was in an uproar. Now shitcoins are spending hundreds of millions on naming arenas, superbowl commercials, sponsporship deals, huge corporate salaries, buying dead file sharing companies and people support and defend these shitcoins. Cryptocurrency projects have become scammier and scammier and cryptocurrency investors have become dumber and dumber. - Sponsporships $10 MM - Influencers $4.8 MM - Conferences and Events $4.4 MM - Digital Ads $4 MM - Media $3.2 MM - Conference Hosting $2.9 MM - Physical Ads $1 MM - Community Building $0.8 MM - Advertising $0.8 MM - Meetups $0.5 MM

Simpleton_24

This is a very scary scenario to me. What are you trying to achieve? Do you know how much income you need in order to maintain your lifestyle in retirement? How much do you have saved in order to meet that level of income? Do you think that it is safe to base your entire retirement income on the assumption that one asset (regardless of what that is) is going to earn double digit future returns for as long as you need them? What if you had $1MM in savings and you needed an additional $40k per year to supplement your retirement. Is there any reason to not put some of the money into a very safe investment that is yielding 5%? It seems to me that you are trying to rationalize taking 10%+ out of your savings every year so that you can have a higher retirement lifestyle and you are using expected returns from a wildly volatile asset class to do it. Your statement that "we also know past average performance of Bitcoin was immensely higher than the 10÷ you'd expect from the S&P500." shows your lack of perspective on all of the financial markets when thinking about retirement. #BTC data goes back to 2010 and starts at a value of 2 pizzas. So it has basically gone from $0 to around $60k. Do you really think that type of return can continue for the next 40 years? We are not starting from zero again. Don't do what you are thinking, get some professional advice, and get a much more reliable plan for your retirement...PLEASE.

Ok-Balance4157

Can whole heartedly say the same faded on Ponke myself I won’t make the same mistake again $CHIPPY is Ponke on steroids it’s beefed up to the max and the catalysts in play are unbelievable, WE HAVE THE SAME MM as BRETT & PONKE let that sink in. 🥜🐿️

Cannister7

Yeah ok. I didn't know that. I don't have too much held on that Trezor, I've mostly switched to a Safepal. As for your other comment, I knit you can link with MM but I've never bothered to do that, or never felt comfortable with it maybe. I'll check the transactions shortly, maybe post them if I don't understand what I'm seeing.

Cannister7

It's not MM it's a Trezor Suite. Actually, after I posted I remembered that I didn't actually send the extra ETH from an exchange I sent it from my Rabby hot wallet (like MM) and there was no issue there, it just quoted me the fees,I went with what it suggested and it all went through quickly. I don't really know how to do all that stuff that everyone just says but I guess I could work it out. But if I wait long enough it should be processed, right? Mainly I just wanted to whinge about the stupid system. But now it seems like it's specifically a Trezor problem. As in, why quote a fee amount that's highly unlikely to go through?

Maxx3141

Yes, you usually cancel a tx by a zero value transfer to yourself with the same nonce. But you don't even have to know this when using a modern wallet, you just click cancel and confirm. And make sure to pay enough gas this time. You could also just do another useful tx with the same nonce, which would also overwrite the existing one, but I'm not sure if MM can just do that with one click. But it would be the best option to safe a little more gas.

EveliaAvila

Makes sense. The MM address I used for my vault.. it will be sent to ARB one on Camelot or I can access it on sushi as well?

Mark_Yugen

And I send money back and forth between MM and Kraken and my bank all the time. (Not to mention stocks, etc.) My only point here is that I like my money distributed in different ways so that if one point of contact fails I have alternatives, and as of today Kraken is being taken out of that loop and being replaced by something else.

Mark_Yugen

I do have 20K in a MM account but am loosely following the rule that one should not invest in crypto more than one is willing to lose. A CEX seems like a fair balance between safety and the wild west of Defi.

ResponsibilitySea327

$5K in physical cash. $100k in high-liquidity USD (HYSA/Bonds/MM). The rest goes to mix of S&P500/BTC.

Correct_Passage_5138

Microstrategy buys $750MM at $65k while you try to time your DCA. Just stack as fast as you can. That's all what matters.

Nic3up

yeah 1MM is possible by 2034\~2036 bitcoin is not as limited as those companies it's a commodity

soks86

There's $32MM in it, someone big for sure. [https://www.ic3.gov/](https://www.ic3.gov/)

kstorm88

So you're predicting the price per coin will exceed $25MM

judeisnotobscure

Leverage flush. Everyone that leveraged long is getting flushed out by market makers. In other words, people who gambled on btc price action have had their positions forcibly closed by the house. The house always wins. When gamblers see this as bearish and open short positions, they will also get flushed by MM’s who will drive price to the upside.

robeewankenobee

>Phantom wallet was also the nr1 downloaded free financial app recently, globally, on both the play store and app store This is simply not true :). What does 'recently' mean? MM has double the downloads in the Play Store app.

rbhrcb

Gold is the hardest currency we have had yet. Granted, it's not completely hard like BTC will be when all 21MM are mined. And certainly not as hard as we get talking about it.

segap

You may have without knowing it. Although there is a lot of apps that will direct connection to MM, most will use wallet connect as the means of linking it But to be clear MM and walletconnect are very different things

b1mm3rl1f3

God candle loading. Lawsuit dropped means ETH = commodity, ETH etf commercial marketing wars already started and pantera wants to buy $100MM worth of eth etfs + Swiss bank further cuts rates. Maybe short term bearish but Q3 and Q4 will mint millionaires

Ironclaw_nz

Dont think its a MM issue. I've noticed the same thing using a different wallet with Orbter. Don't know the reason, though.

soks86

That's a pretty embarrassing bug. But stealing money is not a bug bounty, it's a felony. I'd be pretty upset if someone showed me I'm buggy by taking $3MM, that's nuts. This is probably why MSBs need to post a bond to do business. That said, this hack is a computer felony and a financial felony. The wire fraud charge could catch 20 years. Computer hacking, if I remember at all correctly, is like up to 40 years or life or some dumb crap.

CointestMod

#Algorand Pro-Arguments Below is a Algorand pro-argument written by FrogsAreBest123. > # Algorand > > * Disclaimers: > * This post is heavily inspired and sometimes copied word for word from my old post about algo. seen [here](https://www.reddit.com/r/CryptoCurrency/comments/ovmttc/comment/hh6z73n/?utm_source=share&utm_medium=web2x&context=3). > * I do own Algorand and act as a governor. Algorand represents under 10% of my total portfolio. > * **Background Information for people who have no idea what Algorand is** > * Feel free to skip this if you know the basics of Algo. > * Algorand has been built off of three institutions, AlgoCapital, Algorand Foundation, and Algorand Inc. > * AlgoCapital has rebranded to [Borderless Capital](https://www.borderlesscapital.io/), but regardless, they're an asset trading corporation, they also build financial products to support Algorand and its ecosystem. > * The [Algorand Foundation](https://www.algorand.foundation/) distributes the token "Algo" > * [Algorand Inc.](https://www.algorand.com/futurefi/) does the R&D for Algorand. Of which, Algorand Inc owns a few [patents](https://patentcenter.uspto.gov/applications/16709719/ifw/docs) on crypto technology (as an example above). > * Tokenomics > * Supply of seven billion, a valuation of two billion. [Inflation](https://www.reddit.com/r/CryptoCurrency/comments/pkks3v/algorand_a_3900_increase_and_a_3_profit/) used to be insanely high, which I had made a post on that was deleted but explained that at the time Algorand had a 3900% increase in valuation, but a 3% price change. Luckily inflation has been slowed down a lot since vesting ended. Infact, 7 of the 10 billion algo's that will ever be minted and released have already been, which to some is a bad figure, but I'm just glad we won't go back to algorand's old inflation numbers. > > # The Pros > > * Fees > * The fees for Algorand are low ([0.001 Algo](https://developer.algorand.org/docs/get-started/basics/why_algorand/#:~:text=There%20is%20no%20concept%20of,1%2C000%20microAlgos%20or%200.001%20Algos)) I know a lot of people aren't having issues with $1 gas fees on Ethereum and such, But if you were there in 2020, 2021. You know just how important low transaction fees are, for example: > * Low fees allow most people to use the defi ecosystem. With Ethereum, a lot of people were simply priced out of DEFI, or so scared of messing something up, cause every transaction was $20, $30, gone. > * Pera Wallet > * Pera Wallet is a nice simple wallet for most algorand users, it's made to be user-friendly, and was made by [HIPO and Algorand](https://blog.perawallet.app/its-official-algorand-wallet-is-now-pera-wallet-171561597664) themselves. You can also swap ASA's in the wallet itself. > * Blockchain Trilemma > * Scalability, decentralization, and security. Coined by Vitalik, the creator of Ethereum... Every good cryptocurrency has selected two of the three options above but cannot have all three. One of [Algorand's main goals](https://www.youtube.com/watch?v=MM24Vn8RJeo) is to disprove this and be the solution > * Decentralization > * [Governance](https://governance.algorand.foundation/governance-period-6) has been out for a while, Governance incentivizes people to hold their Algo, Firstly, you get Algo for committing your Algo to governance and voting on proposals, but if you move your Algo out of your governance wallet OR do not vote, you lose the governance benefits. > * The Algorand community has slowly been increasing the amount of Algo committed for each governance period, from 1.7B to currently 4B, showing commitment to the ecosystem. > * Algorand has a few types of nodes that keep the network running. Relay nodes do not participate in consensus but keep the network running in the background. There's about [120 relay nodes](https://www.algorand.foundation/general-faq#:~:text=How%20many%20relay%20nodes%20are,nodes%20on%20the%20Algorand%20network) running, a lot owned by Algorand. Participation nodes help keep the network running too and are included in governance and consensus voting. There are about 1500 participation nodes, some run participation nodes when running an algorand project, but in all, not too many run a node because of the lack of a large financial incentive, this really does go to show though even with a lack of a large financial compensation, algorand still has 1500 nodes. > * **DEFI** > * ASA's > * [Algorand Standard assets](https://www.youtube.com/watch?v=JGkQO5dfOOE&t=1110s). ASA's are just simple ways to deploy tokens, NFTs, and other things on the Algorand network. A lot of people say they act similarly to ERC-20 tokens on the Ethereum network. > * Programming > * Algorand "makes it simple to program on its blockchain"... "With Java, JavaScript (node.js and browser), Go, and Python SDKs, along with REST APIs, you can build on Algorand in your preferred programming languages." [src](https://www.algorand.com/hack) This makes it obviously really simple to build DAPPS on Algo, with the help of ASA's AND the help of subsidization from the Algorand Foundation, Defi will be doing well! ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Algorand) to find submissions for other topics.

frequencytherapy717

Feeling more bullish on $HEGE then I’ve ever felt on any other coin in my whole life, I’ve been accumulating since $1MM MC and called this a 100X gem, we’ve already 10X’d and with the momentum picking up so fast we’re well on our way to accomplish just that… 100X 📈 

nowenknows

I had both. Over 1MM BTC passed through my hands. You could track it on SR. That’s how you got your bona fide.

b1mm3rl1f3

Stars are aligned for the biggest btc bull run to date: rate cuts coming, halving supply shock, elections (trump pump), institutions and ETFs WITH btc only being 4% below its prior cycle high of 69k pre halving which is insane. Back in 2020 it traded at -115% post halving and it rose 640% WITHOUT ETFs, institutions and trump pumping it and a now second halving. If it just repeats a 640% pump we’re looking at 500k by Q4 2025. I think it’s safe to say btc will be well above 1MM within the next 10 years

diradder

Miners, to sustain their operations, as many of them can't purchase hardware/energy directly with Bitcoin yet. At ~1440 blocks a day, 3.125 BTC per block (without counting fees), that's 450 BTC every day to sell (at the current price its $29,831,175.00). And then there's all the speculators who foolishly think it's a good idea to part from on the the scarcest asset on earth... but many of them become buyers again, often at a higher price. At the current price, that $700MM purchase can be soaked up in just under 24 days with the new BTC produced by miners.

DragonflyWhich931

It is still early... 1MM will not be as early as now...

soks86

I think their point is valid. If no one notices, then you got free money. In fact, maybe the private key was lost and you technically "recovered" it so you may get to keep it for free. If someone notices, then you definitely stole someone else's property and will be charged. You might even catch a computer hacking charge and those come with a lot of jail time compared to stealing money (unless you stole like >$20MM or something).

CointestMod

#Algorand Pro-Arguments Below is a Algorand pro-argument written by FrogsAreBest123. > # Algorand > > * Disclaimers: > * This post is heavily inspired and sometimes copied word for word from my old post about algo. seen [here](https://www.reddit.com/r/CryptoCurrency/comments/ovmttc/comment/hh6z73n/?utm_source=share&utm_medium=web2x&context=3). > * I do own Algorand and act as a governor. Algorand represents under 10% of my total portfolio. > * **Background Information for people who have no idea what Algorand is** > * Feel free to skip this if you know the basics of Algo. > * Algorand has been built off of three institutions, AlgoCapital, Algorand Foundation, and Algorand Inc. > * AlgoCapital has rebranded to [Borderless Capital](https://www.borderlesscapital.io/), but regardless, they're an asset trading corporation, they also build financial products to support Algorand and its ecosystem. > * The [Algorand Foundation](https://www.algorand.foundation/) distributes the token "Algo" > * [Algorand Inc.](https://www.algorand.com/futurefi/) does the R&D for Algorand. Of which, Algorand Inc owns a few [patents](https://patentcenter.uspto.gov/applications/16709719/ifw/docs) on crypto technology (as an example above). > * Tokenomics > * Supply of seven billion, a valuation of two billion. [Inflation](https://www.reddit.com/r/CryptoCurrency/comments/pkks3v/algorand_a_3900_increase_and_a_3_profit/) used to be insanely high, which I had made a post on that was deleted but explained that at the time Algorand had a 3900% increase in valuation, but a 3% price change. Luckily inflation has been slowed down a lot since vesting ended. Infact, 7 of the 10 billion algo's that will ever be minted and released have already been, which to some is a bad figure, but I'm just glad we won't go back to algorand's old inflation numbers. > > # The Pros > > * Fees > * The fees for Algorand are low ([0.001 Algo](https://developer.algorand.org/docs/get-started/basics/why_algorand/#:~:text=There%20is%20no%20concept%20of,1%2C000%20microAlgos%20or%200.001%20Algos)) I know a lot of people aren't having issues with $1 gas fees on Ethereum and such, But if you were there in 2020, 2021. You know just how important low transaction fees are, for example: > * Low fees allow most people to use the defi ecosystem. With Ethereum, a lot of people were simply priced out of DEFI, or so scared of messing something up, cause every transaction was $20, $30, gone. > * Pera Wallet > * Pera Wallet is a nice simple wallet for most algorand users, it's made to be user-friendly, and was made by [HIPO and Algorand](https://blog.perawallet.app/its-official-algorand-wallet-is-now-pera-wallet-171561597664) themselves. You can also swap ASA's in the wallet itself. > * Blockchain Trilemma > * Scalability, decentralization, and security. Coined by Vitalik, the creator of Ethereum... Every good cryptocurrency has selected two of the three options above but cannot have all three. One of [Algorand's main goals](https://www.youtube.com/watch?v=MM24Vn8RJeo) is to disprove this and be the solution > * Decentralization > * [Governance](https://governance.algorand.foundation/governance-period-6) has been out for a while, Governance incentivizes people to hold their Algo, Firstly, you get Algo for committing your Algo to governance and voting on proposals, but if you move your Algo out of your governance wallet OR do not vote, you lose the governance benefits. > * The Algorand community has slowly been increasing the amount of Algo committed for each governance period, from 1.7B to currently 4B, showing commitment to the ecosystem. > * Algorand has a few types of nodes that keep the network running. Relay nodes do not participate in consensus but keep the network running in the background. There's about [120 relay nodes](https://www.algorand.foundation/general-faq#:~:text=How%20many%20relay%20nodes%20are,nodes%20on%20the%20Algorand%20network) running, a lot owned by Algorand. Participation nodes help keep the network running too and are included in governance and consensus voting. There are about 1500 participation nodes, some run participation nodes when running an algorand project, but in all, not too many run a node because of the lack of a large financial incentive, this really does go to show though even with a lack of a large financial compensation, algorand still has 1500 nodes. > * **DEFI** > * ASA's > * [Algorand Standard assets](https://www.youtube.com/watch?v=JGkQO5dfOOE&t=1110s). ASA's are just simple ways to deploy tokens, NFTs, and other things on the Algorand network. A lot of people say they act similarly to ERC-20 tokens on the Ethereum network. > * Programming > * Algorand "makes it simple to program on its blockchain"... "With Java, JavaScript (node.js and browser), Go, and Python SDKs, along with REST APIs, you can build on Algorand in your preferred programming languages." [src](https://www.algorand.com/hack) This makes it obviously really simple to build DAPPS on Algo, with the help of ASA's AND the help of subsidization from the Algorand Foundation, Defi will be doing well! ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Algorand) to find submissions for other topics.

b1mm3rl1f3

Fidelity’s director says BTC is exponential gold, saylor to buy another $700MM btc and Bernstein predicts $200K btc by 2025. Don’t lose sight 😉

b1mm3rl1f3

He’s predicting an $8MM btc and implied a $70MM btc. Some of the smartest and richest people in the world are buying up this dip while the poors sell off in fear

gdkush

Not EVEN close to being too late. IMHO, BTC goes to $1MM/BTC by the end of the decade. Is almost 15X your money okay?

Money_john

Bitcoin is based on trust, just like debt or fiat. If tomorrow more people trust him it could be worth 10MM or if trust is lost and therefore the demand today could go 0. " Never go into debt to go into crypto. Nobody knows shit"

Dazzling_Marzipan474

I stopped using MM. It's always so glitchy and slow and doesn't load. Always will show I have like 16,000 ETH in my wallet then revert back to my pathetic .094 ETH 🙄

Kglugenbeel

Prediction — kitty exercises 120,000 ITM calls and MM’s at forced to find 12,000,000 shares all while shorts become bombs to hold. 🍿

blorpianblorp

Yep and MM always tells you "oh you need 0.0002" more which is just an estimation, you end up removing that much and it's still too little, in the end you can almost never clear your wallet to 0.0. And dont even get me started with the swap fees, the wallet is literal trash nowadays.

jawni

>What exchanges offer the best withdrawal fees/most networks to withdrawal with? Also most accepted networks for deposits? I don't even factor this because I've used Coinbase for so long, most of the time I just buy ETH/SOL and the bridge and trade for whatever asset I want/ >What makes a coin good and not just some meme? What should I be looking for before buying? Good signs are: * high on-chain activity (many popular dapps that aren't just forks of existing ones, lots of txns/volume, lots of assets to trade, good infrastructure) * good comms and good outreach by the "foundation" or team/founders and an active community of users and builders * fair price relative to similar projects Notice I didn't mention anything about "good tech", that's because I'm not qualified (and you probably aren't, nor is anyone here) to really evaluate blockchain technology with any sort of expertise. If you follow the builders, they at least know the tech, so you can at least be assured that the chain's tech is good enough to draw developers, even if you don't know the subtle nuances besides just "hOw MaNy TpS?" >Things not to do and things to look out for? Look out for airdrops, use any big protocols that are are pre-token and seem popular or have a large TVL/volume. Avoid approving transactions in order to get an airdrop, you shouldn't need to approve anything to get an airdrop, you should only need to give your address, even connecting your wallet isn't *strictly necessary* but sometimes they require it depending on how you qualify for the airdrop and how the TGE works. >Best hot wallets? Or is it just coin specific? usually the most popular wallet is good enough. Metamask for ETH and EVM chains, Phantom/Backpack for Solana. >Best ways to swap? I just use an aggregator or go to wherever the most liquidity is. If you're really concerned about cutting down on fees, don't swap using the swap inside the wallet, they generally charge an extra fee for the convenience(at least MM does) and just uses the same swaps you would use anyways. >What should I be using DeFi and dApps for? To generate yield and/or qualify for airdrops. >DeFi/dApps for swaps? >DeFi/dApps for staking? Depends on a lot of things. >Staking on exchanges vs wallets and DeFi or dApps? Best place to stake? Liquid staking onchain is my preferred method. >How to select a validator for staking? Choose someone reputable with a low commission %.

OldLatinGuy

You can export LL's logs with Settings/Help/Save Logs. You'll get a file with a name like "ledgerlivelogs-YYYY.MM.DD-bunch of other stuff.json On the Mac it just shows as a regular text JSON file. Try an export on your own - if it generates the same file type you're in the clear.

Defusion55

They wont for one HUGE reason they can't be staked. Anyone wanting to buy $MM worth is going to do it in a way they can stake it.

Nic3up

it'll be #1 in 2032/34 when we get 800k\~ 1MM per btc assuming gold doesn't cross the 3K's

gacu-gacu

My problem is unrelated with this situation. There is no ledger. Just a story how some popular apps like MM just randomly stops working and there is no solution. Some people found solutions that dont work for me and clean install did nothing. Whole crypto is so unreliable and not really user friendly. Mass adoption is far far far away.

b1mm3rl1f3

$800MM etf inflows today. Lock in 🔒

Maarto08

Rest in HYSA/brokerage/CD/MM

kellyniquette

You don't have to buy a while bitcoin. They're divisible into 100MM sats. Get off of zero!

DustinPM94

My bet is on $Zypto token, definitely worth some research! They just released the final version of their app after 8 months of live beta. They also have a signed deal with a Fortune 500 payment processor that will be made public in June/July after integration takes place. Only $30m market cap with a fully functional product that beats trust wallet and MM right out of the gate!

TheMissingNTLDR

what happened to your seed phrase? MM does tell you to keep that safe for potential future recovery.

skydiveguy

You dont need a $1MM house in Nashville. My nephew just moved to TN and was renting a 3400sqft home in Murfreesboro (5BR 4BA) that is worth $650K. In other parts of the country this would go for well over $1.2MM. I say get in a home that suits your mission for a good price in a good location and plan to stay there as long as possible. Overpay to the principle as much as you can afford to pay which will lower the total term of the loan down substantially (we made an extra payment a year at tax return time and it would knock off almost a year from our total loan term). Also keep DCAing BTC. You live in a home where you hold bitcoin. Dont look at a primary home as an investment. A gain in home value should be looked at as icing on the cake.

Chambana_Raptor

I don't think there's really any voters who are so pro-crypto that they are single issue voters. But yeah if they are they are dumb and/or selfish to a fault. I would bet without even clicking the link that whatever questionnaire they used was ambiguously worded or interpreted or both... For example, I "weigh" crypto in my voting decision. *Technically*. I weigh everything I can think of in my decision. Crypto just carries no *relative* weight because democracy is at stake with Trump running and thus nothing else matters. Of course, I could be too optimistic. 80MM+ people votes for him the second time...that's pretty concerning.

zbunny444

Buy eth on phantom send to MM swap

asml84

Imagine investing $1000 into 100 BTC in 2012, losing them in the Mt. Gox collapse, and now getting a 7MM payout. Best case of forced hodling imaginable.

PuppetPatrol

Do moons still show next to your username, and, if they do, do i have any? Trying the old MM transfer and its the most difficult task I've ever attempted

merryfasos

https://preview.redd.it/3avjtyqagf2d1.png?width=1487&format=png&auto=webp&s=1ec112ff889ce7d4d04947355f04bb07fbe67d32 So you have 250m supply, but only added 25m to dex? Nice. Not gonna drop a penny on this token considering you can dump it at any time lol Are you a MM by day and memecoin dev by night? Because buddy you'll need to do more work than this. Everyone can call you from miles away.

orientalsniper

Not to discredit you, but you invested 840K into it, it was a gamble, had you bought BTC instead, you would've had a 3MM position instead. And also almost everything goes up in a bull market too.

ellogovnah23

Great time to enter before the big marketing push, HEGE could easily be a $100MM+ coin imo.

ellogovnah23

I've been in the crypto game for a minute, and $HEGE is one of the most promising projects I've seen in a while. The team is legit - they just raised $25k and dropped a solid marketing plan. The market cap also grew from $3MM to $5MM, which is a good sign. Yeah, there was a small correction after $5.7MM, but that's normal. If you're looking for a strong long-term hold, $HEGE might be it. 🚀

Kitchen_Grape9334

Are 120MM clients all in the Bitcoin ETF?

frequencytherapy717

Increasing my bags again, been DCAing since 1MM MC and after seeing this recent strategy development from the team I have full faith we’re 100xing from here

user_name_checks_out

In the time that it took OP to ask, "what is OTC", he could have googled up the answer. If he really has $7MM+ to throw around, he could phone up the OTC desk at Kraken or wherever, they would roll out the red carpet for him.

Busy-Succotash9701

Andy Dufresne gets out of jail with $1MM puts it in Bitcoin and twenty years later it’s worth $75MM! Great work! HODL until it moons (which might be forever)

highflyer4489

Right on, thanks! I'll hold off then, until I get a better understanding of Passphrase and MM. The last thing I want to do is make my sats inaccessible to my family. Or even worse, lose it all together.

lowgskillet

Why does it show that I have 2K moons here but not in metamask? It's actually about 25% less in MM. What's up with that?

sita_wong

Thank you for engaging with us and for your valuable input! Let's break it down: >***Whats the point of fracturing utility into different tokens and NFTs? Why not just consolidate everything into one main token and NFT to make it less confusing?*** **$SEED** and **$JAY** serve distinct purposes to enhance the ecosystem's functionality and user experience. * **$SEED** is our utility token, kind of like the Swiss Army knife of our ecosystem. It has multiple use cases, from fee reductions to staking rewards. Plus, you can convert it into $JAY, adding a layer of flexibility and utility. * **$JAY** is the governance token. This is your ticket to having a say in the platform’s future. Holders of $JAY get to participate in crucial decision-making processes, ensuring the community’s voice shapes our path forward. Think of it like UNI for Uniswap – it’s all about decentralizing control. Now, onto the NFTs – these aren’t just shiny collectibles; they function similarly to VIP levels in centralized exchanges. Owning these NFTs can grant you exclusive benefits and rewards, enhancing your experience and potential gains. Why not consolidate everything? Separate tokens give us the flexibility to adapt and evolve. As the ecosystem grows, we can introduce new utilities, governance features, and rewards without overhauling the entire system. This adaptability is crucial for staying ahead in the fast-paced crypto world. Mixing these utilities into a single token or NFT could lead to chaos in value conveyance and utility overlap. By keeping them separate, we ensure each element serves its purpose efficiently, maintaining clarity and balance in the ecosystem. This structure allows us to cater to various user needs without compromising on functionality or user experience. **In short, having different tokens and NFTs ensures that our ecosystem is robust, flexible, and user-focused.** It might seem complex at first, but it’s all designed to provide maximum utility and engagement for our community. >***Any plans to add advanced orders in the future? Why is the spread like this? Is it a liquidity issue or is this the intended way that orders work on the orderbook?*** What you tested was our test platform, designed to collect data and evaluate features. The current order book experiences delays due to order routing and grouping. We are running a market-making (MM) bot in the backend to provide liquidity; however, it is not optimized, as we only spent six hours developing it. We apologize for any inconvenience and are committed to improving this before our official launch. We are in discussions with several major market makers who will support liquidity at launch. Additionally, take profit (TP) and stop-loss (SL) orders will be available by the end of next week, with other order types to follow. >***How do you plan on attracting liquidity when the platform actually launches?*** >*And to top it all of, your docs state that there will be "voluntary" KYC and AML thru third-party verifiers.* ***Whats the point of having it voluntary?*** The JayX platform offers "voluntary" KYC (Know Your Customer) and AML (Anti-Money Laundering) through third-party verifiers to provide flexibility and user choice. By making these processes voluntary, users can decide whether to undergo verification based on their preferences and needs. This approach allows users to match with exchange nodes who require different levels of verification, catering to varying levels of privacy and compliance requirements. The goal is to balance security and user autonomy, ensuring that users have control over their information while still enabling a secure and compliant environment. >*So, the platform seems underdeveloped for something that quote: "challenges the foundations of traditional financial systems". If you can deliver on these promises, then JayX can surely become one of the biggest decentralized trading platforms, but for now, it looks like just a primitive dYdX.* Thank you for your feedback. We understand your concerns and appreciate your honesty. While the platform is still in its development phase, we are committed to delivering on our promises and continuously improving our features and infrastructure. We’re fast-growing and make **new iterations every week** aggressively. We believe that great products come from countless iterations. That's why we need serious users like you to provide feedback and grow with us. Your insights are invaluable in shaping JayX into the powerhouse it’s destined to be.

kzx-kzx

$1MM BTC is inevitable.

DorkyDorkington

Market makers execute retail orders in batches in dark pools after first fulfilling them with basically naked shorts as that is allowed for them under mm priviledges. What happens. 1. Retail buy order comes in. MM fullfills the order with naked short. 2. More buy retail orders comes in. They are bundled together and later routed executed in darkpools / off exchange. 3. Retail sell order comes in. MM collects these and executed them on lit exchange. Pushing the price down. 4. All buy pressure is routed to dark pools or interlized, filled with naked short or failure to deliver. 5. After pushing the price down the MMs might by the end of the day satisfy the FTDs with cheaper shares or keep the naked positions open and push the price further down. This is front running in its most arrogant and corrupt form and this is how MMs make their profits. And don't forget PFOF. Ken Griffin from Citadel has publicly admitted that his company is intentionally controlling and pushing the prices of securities where he feels is correct. This is a built in manipulation in the system and MM privileges are openly abused day in day out. Any possible fines by self regulatory organizations are miniscule in contrast to the profits and are already priced in as the cost of making business. As they are never required to admit any wrong doings, just pay the fine and you're fine.

Guyserbun007

There is a diff between stealing vs exploiting MM or market inefficiency, if the latter it shouldn't be a criminal offense, but it's the US lol

user_name_checks_out

> Not true check your facts What is it that you think is false? The fact that PlanB keeps changing his model? This is well known and easily verified. Or the fact that the original model predicted $100K in 2021 and $1MM for 2025? This is plain to see at the link provided above. I think that you are the one who needs to check his facts.

user_name_checks_out

Yup, that is the right way to do it. PlanB keeps tweaking his model retroactively to fit the data. If you look at the original version of the model you can see what a load of crap it is. $100K this year, $1MM next year 🙄

pauliek93

I have, and lost it all unfortunately. (If anyone doesn’t take heed of not your keys, not your crypto please do for your own sake). USD price was 4.3MM when it was gone, one of the worst times of my life. But the best choice I ever made was not change my lifestyle one bit, I always just considered it an untouchable retirement account. It took 8 years to get there from trading, countless sleepless nights analyzing stops and tp’s, changing timeframes and constantly doubting myself. Thankfully the fact I never quit my day job and pursuing other investments outside of crypto allowed me to live on and not be utterly wrecked from my net worth taking a total nosedive. Now just rebuilding back to where I was and hopefully more, but I’ll always be thankful I didn’t become the show off I was tempted many times to flaunt. Trust me, everyone in this thread can learn the skills needed to get there, I’m an average Joe at best. Good luck ya’ll.

Simke11

Define "safer alternative"? If on Solana you can use Phantom wallet, but it's not any more or less "safer" than MM.

therealcpain

Guys they purchased $760k worth which could very much be MM activities.

doodaddy64

$120MM for a few months of Forbes coverage? Is that correct? Because who has that kind of dough? 🙄

CointestMod

#Algorand Pro-Arguments Below is a Algorand pro-argument written by FrogsAreBest123. > # Algorand > > * Disclaimers: > * This post is heavily inspired and sometimes copied word for word from my old post about algo. seen [here](https://www.reddit.com/r/CryptoCurrency/comments/ovmttc/comment/hh6z73n/?utm_source=share&utm_medium=web2x&context=3). > * I do own Algorand and act as a governor. Algorand represents under 10% of my total portfolio. > * **Background Information for people who have no idea what Algorand is** > * Feel free to skip this if you know the basics of Algo. > * Algorand has been built off of three institutions, AlgoCapital, Algorand Foundation, and Algorand Inc. > * AlgoCapital has rebranded to [Borderless Capital](https://www.borderlesscapital.io/), but regardless, they're an asset trading corporation, they also build financial products to support Algorand and its ecosystem. > * The [Algorand Foundation](https://www.algorand.foundation/) distributes the token "Algo" > * [Algorand Inc.](https://www.algorand.com/futurefi/) does the R&D for Algorand. Of which, Algorand Inc owns a few [patents](https://patentcenter.uspto.gov/applications/16709719/ifw/docs) on crypto technology (as an example above). > * Tokenomics > * Supply of seven billion, a valuation of two billion. [Inflation](https://www.reddit.com/r/CryptoCurrency/comments/pkks3v/algorand_a_3900_increase_and_a_3_profit/) used to be insanely high, which I had made a post on that was deleted but explained that at the time Algorand had a 3900% increase in valuation, but a 3% price change. Luckily inflation has been slowed down a lot since vesting ended. Infact, 7 of the 10 billion algo's that will ever be minted and released have already been, which to some is a bad figure, but I'm just glad we won't go back to algorand's old inflation numbers. > > # The Pros > > * Fees > * The fees for Algorand are low ([0.001 Algo](https://developer.algorand.org/docs/get-started/basics/why_algorand/#:~:text=There%20is%20no%20concept%20of,1%2C000%20microAlgos%20or%200.001%20Algos)) I know a lot of people aren't having issues with $1 gas fees on Ethereum and such, But if you were there in 2020, 2021. You know just how important low transaction fees are, for example: > * Low fees allow most people to use the defi ecosystem. With Ethereum, a lot of people were simply priced out of DEFI, or so scared of messing something up, cause every transaction was $20, $30, gone. > * Pera Wallet > * Pera Wallet is a nice simple wallet for most algorand users, it's made to be user-friendly, and was made by [HIPO and Algorand](https://blog.perawallet.app/its-official-algorand-wallet-is-now-pera-wallet-171561597664) themselves. You can also swap ASA's in the wallet itself. > * Blockchain Trilemma > * Scalability, decentralization, and security. Coined by Vitalik, the creator of Ethereum... Every good cryptocurrency has selected two of the three options above but cannot have all three. One of [Algorand's main goals](https://www.youtube.com/watch?v=MM24Vn8RJeo) is to disprove this and be the solution > * Decentralization > * [Governance](https://governance.algorand.foundation/governance-period-6) has been out for a while, Governance incentivizes people to hold their Algo, Firstly, you get Algo for committing your Algo to governance and voting on proposals, but if you move your Algo out of your governance wallet OR do not vote, you lose the governance benefits. > * The Algorand community has slowly been increasing the amount of Algo committed for each governance period, from 1.7B to currently 4B, showing commitment to the ecosystem. > * Algorand has a few types of nodes that keep the network running. Relay nodes do not participate in consensus but keep the network running in the background. There's about [120 relay nodes](https://www.algorand.foundation/general-faq#:~:text=How%20many%20relay%20nodes%20are,nodes%20on%20the%20Algorand%20network) running, a lot owned by Algorand. Participation nodes help keep the network running too and are included in governance and consensus voting. There are about 1500 participation nodes, some run participation nodes when running an algorand project, but in all, not too many run a node because of the lack of a large financial incentive, this really does go to show though even with a lack of a large financial compensation, algorand still has 1500 nodes. > * **DEFI** > * ASA's > * [Algorand Standard assets](https://www.youtube.com/watch?v=JGkQO5dfOOE&t=1110s). ASA's are just simple ways to deploy tokens, NFTs, and other things on the Algorand network. A lot of people say they act similarly to ERC-20 tokens on the Ethereum network. > * Programming > * Algorand "makes it simple to program on its blockchain"... "With Java, JavaScript (node.js and browser), Go, and Python SDKs, along with REST APIs, you can build on Algorand in your preferred programming languages." [src](https://www.algorand.com/hack) This makes it obviously really simple to build DAPPS on Algo, with the help of ASA's AND the help of subsidization from the Algorand Foundation, Defi will be doing well! ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Algorand) to find submissions for other topics.

WinnerMove

But if BTC reaches 1MM it would mean it is closer to fix the economy, because the problem with inflation is actually fiat being controlled by national banks/reserves without real backing... So a a super high priced btc is actually good news, not the other way around.

gnrus

so excited to see what donation we can pool together at $4MM. I am seated

Trader0721

$5MM…leverage that sh*t

petertheeater15

Anyone want a wild one? Check out ALB. solid functioning Dex on BASE. Not going to do better than AERO but it’s at a market cap of 5MM. Worth a few bucks and crossing your fingers for the 100x

JamesJosephMeeker

There is actually a way to buy ETFs in a way similar to buying OTC. If I have say $50MM I can call any ETF issuer and they'll be happy to create the units and send 'em over. I'd be shocked if they didn't do something like this. I've seen it many times, for example, in ETFs with larger spreads to get better execution. It's a service most places will do for larger orders upon request. Other times big buyers simply go to the market. Either way, you're correct that Susquehanna no doubt accumulated these units over time.

kzx-kzx

$6MM by 2034 doesn’t sound too far-fetched.

b1mm3rl1f3

$6.3MM per btc by 2034 aligns with other similar predictions. This man will go down in history.