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Meet Your New Crypto Trading Bots: 3Commas Revolutionizes Your Strategy! 📷
Meet Your New Crypto Trading Bots: 3Commas Revolutionizes Your Strategy!
Avoid the “i wish i bought BTC when it was cheaper” this time and just invest in it.
How much does crypto weigh in your vote for respective upcoming elections
99% of those “analysts“ and their predictions are just the description of “Even a broken clock is right twice a day“.
BTC is breaking out towards new all-time highs in Argentine pesos, only a question of time until people there start using BTC as a hedge to hyper-inflation.
Wallet security and how exactly crypto works in 18 minutes - by John Woods Algorand CTO
What are you waiting for? Moons Edition
SBF and Caroline Ellison, both have degrees in Mathematics from MIT and Stanford. They did not do anything “accidentally“. It was all conscious decisions.
Debate about Flux. Another member asked me to post this since he didn’t meat the requirements.
If you’re unable to handle 20% (+) dips, you should not invest in any asset (especially crypto) in the first place
XYO: Worth a Look? Here's what I've found >
He who wrestles with a hog must expect to be spattered with filth, whether he is vanquished or not.
Two devs quit and over 25 "defi" projects get rug pulled, the need for true decentralization is real.
How to farm moons from crypto fanboys/fangirls 101
Is it possible that someone else does a SEPA to fund my crypto exchange account or must the transfer always be from an account with my name on it?
Bitcoin.com Games Releases its Very First Crash Game Space XY – Promoted Bitcoin News
Mentions
I don't feel like a lot of people base their decision to buy a new phone, graphics card, or clothes on inflation, but rather because some part of us *wants* to buy that product (and often we justify it as a need in one way or another). So no, I don't think that inflation (and in turn, the highest purchasing power directly after getting paid) is why most people buy the useless crap they do, as other commenters have said. Marketing and lobbying create needs, and people want to belong to a certain group by wearing, owning, driving, eating, or drinking product XY. We are strongly trained to consume, and billions are spent to study our behavior and target our weak spots (it's commonly known that's why user data is worth so much and why a lot of services are "free" nowadays). While it might help, even a perfect currency cannot solve these issues, and neither the consumerist tendencies of people nor the billions spent on user research and marketing will go away on their own with a change in currency. These issues are rooted deeper in the capitalist system and require larger-scale change to be addressed.
some people are still confused though about the whole XX and XY thing though.
Yeah, being born into money and then being at the right place at the right time doesn’t make you intelligent. Also he bought Tesla and his contributions have been 1. The fart sound button, 2. The cyber truck, 3. Making the model names spell S3XY because he’s a 12 year old boy.
XYO the original DEPIN project. With a circulating supply of 13.4B and a max of 13.9B it’s naturally a deflationary asset. XY Labs(Arie trouw, Markus levins and Scott p shceper) creators of XYO, has been around since 2017. Shortly after in 2018 created the XYO token, then the Coinapp followed after in 2019. They have partnerships with Chainlink, Natix network( which according to their discord they struck a deal with Tesla)Here technologies and outliers fund. Also according to “Business wire” there was a partnership with fedex Institute of technology back in 2018-2019. They currently have the largest amount of nodes in the space with 8 million and counting which is a great function app called Coinapp with high ratings. I personally think this projects slept on and deserves a higher market cap. Currently sitting at a low MC of 324.9M I could see them easily breaking a billion and more this run. They’re one of the few projects with a functioning product and generating profit. Hypes starting to build, their social media is gaining traction and I still consider it early for this project.
I didnt even know there is a subreddit of people to hate on btc. W...why? I dont like many things, but im not in an "anti-XY" club. Im only in the clubs of things i like.
The best info I got from this thread was a few years ago and it was basically a thread about how to have an exit/sell strategy; don't wing it. You can't time the top, so develop a strategy, write it down, and stick to it. I think that author's was something like sell off 10% when it hits +40% and then repeat. Then from that day, sell another 10% once it pops 40% again. Repeat. And save some of what you sell to buy any dips. But even the dips has a written rule, such as "only buy when it dips XY%" That way you have a mental framework of what to do.
Do you even know what a reserve currency is? Making XY a reserve currency does *not* mean giving up the dollar. Nobody is even proposing that. The [US government already owns](https://dune.com/21co/us-gov-bitcoin-holdings) 200k bitcoins. It may need some legal shuffling, and please correct me if I'm wrong, but it looks like they don't even need to buy any in order to make it a reserve currency.
oh the classic "last chance to buy under XY" posts
lol we are officially back. “Shitcoin XY is being sleeped on, retail is not here yet” is peak bullrun vibe lol
Consider your wallet compromised. You might want to transfer everything to a newly created wallet now. Security may keep scans available for further inspection or other reasons. Also, splitting your wallet seed does not provide the security one may imagine. Think of it as a combination lock with 4 wheels. Tell me any 2 numbers. Instead of 10,000 possible combinations one would expect 5,000 but this is not true. For example 46XY. It would reduce it to only 100 combinations left to crack. Be careful. note: I am well aware of the added security of using a passphrase, but passphrases are inherently insecure.
I think the narrative was adoption and remember Musk accepting Bitcoin for payments at Tesla. Adoption is always a story though, every shitcoin has its own "bank XY has chosen our shitcoin" narrative.
yep, just figure out the trajectory based on the velocity and upwards angle on the XY axis.
Let me guess XY memecoin is pumping while your 'serious project' isnt
I know free speech is not directly connected with child porn etc but applications like Telegram and Signal were created for people to be able to speek freely without the worry of someone being able to spy on you or being worried about being arrested because you said that politician XY is bastard. I guess you missed the point I tried to make which was that such platforms (that promote free speech and was one of the reasons why exists) do come with negative consequences as well. And one of those is that such people are able to freely talk on such platforms and share child porn etc. knowing it is impossible to track them. Therefore in the end they seem to be connected without truly being connected.
So she is doing absolutely shit for Crypto and hasn't even talked about it. But XY policy "could" held Crypto... wow.
No she doesn't https://www.reddit.com/r/FluentInFinance/s/oTB2XY56iK
This is the classic [XY Problem](https://xyproblem.info/) - there are a dozen better ways to accomplish that
OP have you tried the 12-words individually (two separate 12-words wallets) and as a single 24-words wallet? You can combine the two sets of 12 words (X & Y) in different orders to get two separate 24 words wallets (XY and YX). Perhaps one of those could be the one.
hey smartass, did we fix first the massive gender gap between XX and XY when it comes to having sex and more options ? no we didnt, because last time i checked chromosome XX having more sex and options than XY, fix that then we can speak about educating computer science for the special needs XX chromosome.
Dude is explaining in some other comments that he does not have a million and almost everything he posseses is in crypto. He is praising SOL and having said that SOL was one of the worst coins to have been left with when prices bottomed previous cycle. He's just stating some questions that are worthless up there because people were saying yes to all of those questions in previous cycle when Luna was performing well. And we all know what happened within one week. I have a friend who was mining ETH for 5 years and was putting everything into luna and stated many times how rich he is now. Just to be rekt and realized what mistake he did even though he "researched" and answered all above questions as yes. He was so pissed that he sold remaining few k$$$ to never come back. But he was as rich as OP is right now. Seing OP portfolio makes me wonder if he truly did a proper research because if he did, he wouldn't shill his coins here stating sell XY buy YX. He's just another guy lucky enough to multiply his crypto portfolio thinking he made it and is a big gun now. The one thing he is doing right is using BTC as exit liquidity but having said himself he did a research is bullshit imo. He may have done marketing based research but not based on the technology and what the coin provides. Holding BTC (decentralized and one of the most stable blockchains) and then to hold the most centralized (SOL) and unstable blockchain is saying that he is confused with his choices and do not understand the idea of crypto and blockchains. Thinking out loud but this is not something that someone literate in technologies would choose and claim as a superior of the rest. The most valuable thing SOL provides currently are false claims of TPS (the networks starts having issues if they reach certain treshold and is not near the one they claim), low fees and how easy it is to create a scam coin on it. The end product is congested network with 95% of scam waiting to rob people comming into crypto and not knowing much, but heard that $SHIT is a great coin. He can do whatever he wants but I've seen too many stories like this that it is just becomming so funny to me. Marketing based research is just...jumping trains and just asking to be rekt along the way. Like do you watch adds on youtube or do you have some adblocker installed? I dislike all marketing and everything it brings and don't buy anyting I see in ads. Therefore I don't mind if my preferred coins do not market properly because the best projects do not need marketing. Have you seen Ferrari ad on TV? No, because it doesn't need one and we all know what Ferrari is.
Pick a target portfolio allocation and always trade toward that. So if you want to be XY% in BTC and bitcoin goes 3x, you sell amounts that you can transfer easily until you are back down to XY% BTC. If bitcoin dips and you got money on the sidelines that is still liquid, you can buy back in until you are at XY% again. You might also distinguish between liquid and illiquid assets and have a conditional target allocation. Like maybe you want 50% of liquid assets in bitcoin while you are in process of buying house but after it's final you want 90% of what is left of liquid assets in bitcoin.
Sure, I was talking about a leaked list which gives the name and full address + contact details (phone, e-mail) of everyone who has had enough BTC to buy a ledger over a multiple year period. It was leaked as a datasheet. You put in the name of your city and hey… Tim Smith at Flat 2/6, 18 Park Road, Glasgow, G1 2XY, tim@hotmail.com, 07564926784 (I’ve obviously made up all of this info - there is no Tim Smith) bought a nice shiny ledger (we know what its on and what it looks like Tim), because Tim had enough BTC to think ‘I need to buy cold storage’. Lets just start sending Tim some threatening emails and then text messages saying we know where he lives first. Hey we don’t even live in Scotland but we can probably scare him enough to send us something if we tell him we’re watching him and just round the corner. Hey we have his email, can probably find him on facebook now and see what he and his friends look like. Oh look, Tims’ Linkedin with his employment history, now we know the building he works in (isn’t this fun). Times that by a few hundred a month because anyone on the planet can access Tims details now and know what he has and what he stores it on. Tim doesn’t have lots of security and lives in a rented flat, he has to go to work like a normal person. He has to believe that all of these constant threats are not real and just swallow the thought that all of his details are out there for ever on a database of people who store their BTC on a ledger probably at home. Brought to you by Ledger.
cardano... sounds SEXY! or S3XY? im all in! whats the fees and dividends?
[Saylor bought the dip!](https://www.youtube.com/watch?v=G2FtfhNX5XY)
So another reply to everyone asking "wen altseason"... Why would anyone sell their Bitcoin now when all of Wallstreet is going crazy for Bitcoin and buying it up massively...... There is no upside about Altcoins in this trend now and while many projects did have gains this is mostly smaller projects. Who really needs Avax & Co or all the diffferent L2s when theres Solana now where all the fun is.. Like these posts keep happening "Why is XY not pumping, I bought it at peak".. Why would it pump? 99% of crypto projects will die out even if they have a fancy whitepaper
 Buy ?
It is the SAME data that you would have in a normal XY chart with a different visualization. There is nothing new here that is gained from the traditional XY chart representation.
Usually liquidity pools are either standard XY=K formula where it automatically rebalanced (AMM) or concentrated liquidity route. In the latter, the user picks the range where the asset will be traded and won’t receive any trading volume outside the range. Pretty much AMM doesn’t require any management while concentrated pools require the user to actively management their range if they want rewards.
I signed on the top known websites to chase some aidrops ( questn, intract, soquest, taskon, zealy). Ended up doing well Over 3000 campaings (not quests), was on the top 1% in 2 of those. My rewards where just some useless tokens worth nothing or 1USDT, 1Matic and some worthless OATs, NFTs and so on, my biggest prize was 50$ in ETH. This was for 4/5 months. It's not worth IMHO, but ended up meeting new projects that seem to be promising. KOII Network - layer 1 blockchain and you can run a small node and get passive income. Here is the link https://www.koii.network/node?promo=A5E23BE69CC3 it has my ref so you get 5 KOII and I get it too, no need to use it but would you Nice. Over Network - A project from South Korea that is already backed by some investors, its a L1 blockchain and it's a new protocol Ethanos. https://mobile.over.network/en/invite/XY0V43XX0N that's the link but other than friend cards we both don't get anything. Admeal - a project for cooking recipies, an interesting feature is you place a picture of the ingredients and the AI will do a recipie for you, it's truly remarkable. All of them are on the testnet. Anyway not here to promote those projects but from all the work I ended up in those communities and earning no more than 100$ for 4 to 5 months.
Remember this joke? https://www.reddit.com/r/Jokes/s/iFQzTJA9XY
Do you really think that though? Or are you just trying to be nice. I think the difference is you would probably want to teach newcomers XY and Z and open the devine gates. But, I strongly suspect that you are as hocus pocus and 0% as focussed as the rest of us. All pointless, everyone needs to learn a little bit of silence and also a little bit of faith. Noise is always just distraction from source. Nothing else. Very noisy this place
hmmI'd like to take your offer aswell so here's my address: 2KAZR3WIVY7M4UMRYHUTNN2ZENEFLPZJX33NYZGFVZCQNNETDRC6DWH2XY
Sorry, wrong adress XSU2TIFEZHHDOZSM2E7DRTR5UD5CXFUGPSTAA7SCYND5XY7RYPRW3W5XLQ
Basically just loaning out my crypto to earn interest. [AAVE](https://app.aave.com/), [Sonne](https://sonne.finance/), [Extra](https://app.extrafi.io/lend), [Reaper](https://www.reaper.farm/), [XY](https://app.xy.finance/pools/pool/ETH), [Curve](https://curve.fi/), [Idle](https://app.idle.finance/), [Strike](https://app.strike.org/), etc.
I've split my ETH eggs into multiple risk baskets. Will [Extra Finance](https://app.extrafi.io/lend) screw me? The lending side seems less risky. They have their high-risk side where people borrow against it. The APR is highly variable depending on how much ETH people short at any given second. Maybe [XY Finance](https://app.xy.finance/pools/pool/ETH)? They're a bridge. That's fun. I suppose APR is based on traffic. [Stargate Finance](https://stargate.finance/) is another bridge. Whee. I don't think I'm earning as much actual ETH here. Mostly just rewards. Then there are the liquid staking places like LIDO and probably at least a competitor. You can also have DeFiLlama filter the Yields page for single sided, or no Impermanent Loss, opportunities, [https://defillama.com/yields](https://defillama.com/yields) ; Then you can use Certik to gauge how scary they are: [https://skynet.certik.com/](https://skynet.certik.com/)
Today I was dumb and had a long position on MAI paired with USDC. I thought it was going to go back to the peg, but instead it went to $0.72 and I got Liquidated. [Screenshot of the liquidation receipt.](https://i.imgur.com/vufo1XY.png) At least I got $5 worth of MAI back. I already sold it for sUSD.
That’s because there is so much money involved in this unregulated market. You can easily make a few millions with a rugpull, you just need a good marketing strategy. And tell people you are going the be the next best crypto who has the solution to XY. It’s all about the marketing and hype.
*Firstly bear with me. I don’t like leaving people with half answered replies.* Sure, let’s elaborate a bit more on that front. I will assume that you are into cryptocurrency for the freedom of self and not for the FIAT value. If you are into it for the speculation etc, everything below does not really apply that much. As you said, everything is tied back to your real life identity as you have supplied all those information to an online exchange. A simple rule from the current system, easily forces exchanges to share your order history back to the system. Or else they are forced to stop providing their services in that country/region. Exchanges make money out of everything you do with them, so each user is just $$ to them, so they easily comply. Here in EU, they have put laws in place that not only gather such information, but also limit every citizen. Each area has its own regulations, either already in place or enforced in a later time frame. Now, the original cryptocurrency ethos, was to be a sovereign individual, with the ability to store, use and control your own money permission less. Send and receive to and from whoever you want whenever you want, as much as you want. In this way one could live in freedom of their own choice, aka not dependent on the system for everything, as you have an alternative means of living financially. You want to send 1$ to a criminal whom you don’t know he is a criminal for a hair pin? You are free to do so. You want to receive 1mil $ from someone who you might or might not know for services or goods. By all means go ahead. With KYCed cryptocurrency in general, you can’t do that without any possible direct consequences. Either they are now or in 10 years time. One way or another, saying or doing something that goes against what the system agrees with, will get you in trouble, just because. Last time i checked, ethos was not submissive to the legacy system. All these have nothing to do with doing something unlawful or being a fully law abiding citizen. There’s a great book you can read on this which was also recently published, called “The right to transact” by Zelinar XY. IMHO is a great read. Lastly, any non KYCed BTC or other cryptocurrency you might received in a wallet that has KYCed BTC etc, is instantly tagged in your name. There are wallets or other ways that help/protect your digital privacy, without the need to disclose any of your real life information. Plus give you the freedom from the OG ethos of the cypher punks and the cryptocurrency creation. Transact with whoever you want whenever you want worldwide, permission less, while having full access and control to your digital money. Hope this long answer helped clarify a few things. 😅 If you have any other questions, by all means ask away.🙂
>Every time I hear somebody use the word “yield” in the crypto space I cringe. Some crypto-bros get really offended if you talk about this. I seriously had some trying to tell me that yield is a feature of shitcoin XY, and people want that, like that somehow makes something that can't work real. Asking where the money actually comes from gives them an aneurysm and they completely go nuts.
Nah man, you legit do need to talk to a professional. I’m not a professional but I’ve worked on the suicide hotline and many times people think they just need XY&Z to be happy and it’s not true. Until you get to the root cause, you’ll keep finding the same result. This time it was risky trades, who knows what’s next. Honestly, go to a GP and ask for some support and at least give it a fair shot. In future, don’t make risky moves like that. Crypto is risky enough to start with. In the mean time, earn some moons and chill. I’ll even tip you a few 😉
Hey there fellow crypto traders, I wanted to share an exciting discovery I made recently - the 3Commas trading bot! 🚀 https://3c.wiki/Welcome Whether you're a seasoned trader or just dipping your toes into the world of cryptocurrencies, 3Commas has something to offer everyone. I've been using it for a while now, and I can't believe the difference it's made in my trading strategy. Here are some reasons why 3Commas might just be your new crypto trading best friend: Automate Your Trading: No more staying up all night watching the charts! 3Commas allows you to automate your trades based on your own custom strategies. Set your parameters, and let the bot do the heavy lifting. Diversify Your Portfolio: With 3Commas, you can spread your investments across different assets and trading pairs effortlessly. The platform supports numerous exchanges, giving you access to a wide variety of crypto assets. Smart Trading Tools: 3Commas offers an array of smart trading tools like trailing stop-loss, take profit, and more. These tools help you maximize your profits while minimizing your risks. User-Friendly Interface: Whether you're a seasoned pro or a newbie, 3Commas is designed with user-friendliness in mind. The intuitive interface makes it easy to navigate and customize your trading strategy. Social Trading: Connect with other traders in the 3Commas community, share strategies, and learn from each other. It's a fantastic way to stay informed and improve your skills. Paper Trading: New to trading or want to test a strategy? 3Commas offers a paper trading feature that allows you to practice without risking real funds. 24/7 Monitoring: The crypto market never sleeps, and neither does 3Commas. With 24/7 monitoring, you can relax knowing that your bot is working for you around the clock. I've seen a significant improvement in my trading results since using 3Commas, and I believe you can too. If you're looking to take your crypto trading to the next level, I highly recommend giving it a try. Check out their website here to learn more and see if it's the right fit for your trading strategy. Feel free to ask me any questions you may have about my experience with 3Commas. Happy trading, and may the green candles be ever in your favor! 📈💰 https://3c.wiki/Welcome Socials: https://np.reddit.com/r/3Commas\_io/ https://www.facebook.com/3Commas.io https://twitter.com/3commas\_io https://www.youtube.com/channel/UCig8XY-gsthRgM-zyv1nx6Q/videos Disclaimer: Always remember that trading cryptocurrencies involves risk, and past performance is not indicative of future results. Make sure to do your research and trade responsibly.
Hey there fellow crypto traders, I wanted to share an exciting discovery I made recently - [the 3Commas trading bot! 🚀](https://3c.wiki/Welcome) Whether you're a seasoned trader or just dipping your toes into the world of cryptocurrencies, 3Commas has something to offer everyone. I've been using it for a while now, and I can't believe the difference it's made in my trading strategy. Here are some reasons why 3Commas might just be your new crypto trading best friend: Automate Your Trading: No more staying up all night watching the charts! 3Commas allows you to automate your trades based on your own custom strategies. Set your parameters, and let the bot do the heavy lifting. Diversify Your Portfolio:[With 3Commas, you can spread your investments across different assets and trading pairs effortlessly. The platform supports numerous exchanges, giving you access to a wide variety of crypto assets.](https://3c.wiki/Welcome) Smart Trading Tools: 3Commas offers an array of smart trading tools like trailing stop-loss, take profit, and more. These tools help you maximize your profits while minimizing your risks. User-Friendly Interface: Whether you're a seasoned pro or a newbie, 3Commas is designed with user-friendliness in mind. The intuitive interface makes it easy to navigate and customize your trading strategy. Social Trading: Connect with other traders in the 3Commas community, share strategies, and learn from each other. It's a fantastic way to stay informed and improve your skills. Paper Trading: New to trading or want to test a strategy? 3Commas offers a paper trading feature that allows you to practice without risking real funds. 24/7 Monitoring: The crypto market never sleeps, and neither does 3Commas. With 24/7 monitoring, you can relax knowing that your bot is working for you around the clock. I've seen a significant improvement in my trading results since using 3Commas, and I believe you can too. If you're looking to take your crypto trading to the next level, I highly recommend giving it a try. [**Check out their website here to learn more and see if it's the right fit for your trading strategy.**](https://3c.wiki/Welcome) Feel free to ask me any questions you may have about my experience with 3Commas. Happy trading, and may the green candles be ever in your favor! 📈💰 Website: https://3c.wiki/Welcome Socials: https://np.reddit.com/r/3Commas\_io/ https://www.facebook.com/3Commas.io https://twitter.com/3commas\_io https://www.youtube.com/channel/UCig8XY-gsthRgM-zyv1nx6Q/videos Disclaimer: Always remember that trading cryptocurrencies involves risk, and past performance is not indicative of future results. Make sure to do your research and trade responsibly.
Hey there fellow crypto traders, I wanted to share an exciting discovery I made recently - the 3Commas trading bot! 🚀 Whether you're a seasoned trader or just dipping your toes into the world of cryptocurrencies, 3Commas has something to offer everyone. I've been using it for a while now, and I can't believe the difference it's made in my trading strategy. Here are some reasons why 3Commas might just be your new crypto trading best friend: Automate Your Trading: No more staying up all night watching the charts! 3Commas allows you to automate your trades based on your own custom strategies. Set your parameters, and let the bot do the heavy lifting. Diversify Your Portfolio: With 3Commas, you can spread your investments across different assets and trading pairs effortlessly. The platform supports numerous exchanges, giving you access to a wide variety of crypto assets. Smart Trading Tools: 3Commas offers an array of smart trading tools like trailing stop-loss, take profit, and more. These tools help you maximize your profits while minimizing your risks. User-Friendly Interface: Whether you're a seasoned pro or a newbie, 3Commas is designed with user-friendliness in mind. The intuitive interface makes it easy to navigate and customize your trading strategy. Social Trading: Connect with other traders in the 3Commas community, share strategies, and learn from each other. It's a fantastic way to stay informed and improve your skills. Paper Trading: New to trading or want to test a strategy? 3Commas offers a paper trading feature that allows you to practice without risking real funds. 24/7 Monitoring: The crypto market never sleeps, and neither does 3Commas. With 24/7 monitoring, you can relax knowing that your bot is working for you around the clock. I've seen a significant improvement in my trading results since using 3Commas, and I believe you can too. If you're looking to take your crypto trading to the next level, I highly recommend giving it a try. Check out their website here to learn more and see if it's the right fit for your trading strategy. Feel free to ask me any questions you may have about my experience with 3Commas. Happy trading, and may the green candles be ever in your favor! 📈💰 Website: https://3c.wiki/Welcome Socials: https://np.reddit.com/r/3Commas\_io/ https://www.facebook.com/3Commas.io https://twitter.com/3commas\_io https://www.youtube.com/channel/UCig8XY-gsthRgM-zyv1nx6Q/videos Disclaimer: Always remember that trading cryptocurrencies involves risk, and past performance is not indicative of future results. Make sure to do your research and trade responsibly.
Hey there fellow crypto traders, I wanted to share an exciting discovery I made recently - the 3Commas trading bot! 🚀 Whether you're a seasoned trader or just dipping your toes into the world of cryptocurrencies, 3Commas has something to offer everyone. I've been using it for a while now, and I can't believe the difference it's made in my trading strategy. Here are some reasons why 3Commas might just be your new crypto trading best friend: Automate Your Trading: No more staying up all night watching the charts! 3Commas allows you to automate your trades based on your own custom strategies. Set your parameters, and let the bot do the heavy lifting. Diversify Your Portfolio: With 3Commas, you can spread your investments across different assets and trading pairs effortlessly. The platform supports numerous exchanges, giving you access to a wide variety of crypto assets. Smart Trading Tools: 3Commas offers an array of smart trading tools like trailing stop-loss, take profit, and more. These tools help you maximize your profits while minimizing your risks. User-Friendly Interface: Whether you're a seasoned pro or a newbie, 3Commas is designed with user-friendliness in mind. The intuitive interface makes it easy to navigate and customize your trading strategy. Social Trading: Connect with other traders in the 3Commas community, share strategies, and learn from each other. It's a fantastic way to stay informed and improve your skills. Paper Trading: New to trading or want to test a strategy? 3Commas offers a paper trading feature that allows you to practice without risking real funds. 24/7 Monitoring: The crypto market never sleeps, and neither does 3Commas. With 24/7 monitoring, you can relax knowing that your bot is working for you around the clock. I've seen a significant improvement in my trading results since using 3Commas, and I believe you can too. If you're looking to take your crypto trading to the next level, I highly recommend giving it a try. Check out their website here to learn more and see if it's the right fit for your trading strategy. Feel free to ask me any questions you may have about my experience with 3Commas. Happy trading, and may the green candles be ever in your favor! 📈💰 Website: https://3c.wiki/Welcome Socials: https://np.reddit.com/r/3Commas\_io/ https://www.facebook.com/3Commas.io https://twitter.com/3commas\_io https://www.youtube.com/channel/UCig8XY-gsthRgM-zyv1nx6Q/videos Disclaimer: Always remember that trading cryptocurrencies involves risk, and past performance is not indicative of future results. Make sure to do your research and trade responsibly.
It wouldn’t make a difference for me, I just like to engage. What I would see as cool is for example days that have a wider use, shutting the sub down for a day has no real use. Instead we could for example have donation days, which I think would be cool, could be for example 1 allocated day a month all generated karma as allocation will be donated to cause “XY”. The cause obviously should be worthy, for example children in need or a hospice or something and not to fund the private needs of one or a group. Even without such a day, a general pool for such things could be cool as we are tons of members and could in that way generate good publicity. And before anyone asks, yes I also privately donate to various causes myself.
Just think of all the posts in this sub telling us what nice progress shitcoin XY has made in the bear market.
It’s like saying amazon became the biggest reseller for item XY when XY was only available in a 2x2m store on the carribian inlands before
It's actually S3XY (Model Y)
You don't. Profits are just an exercise for your imagination. One thing people like even more than profits in this sub is the question "what could/would i do if XY mooned".
The are also heavily invested into XY oracle that explains why redemptions from coinapp to coinbase is free.... Awesome🙌
The only way that this "works" is if this stuff is done on open and transparent blockchains. As soon as they start using the private ones or ones controlled by XY or Z then it loses the purpose that blockchain and crypto were built for.
Very important indeed. There should be some thresholds (could be something like 30 days minimum in the sub and XY karma requirement).
Same reason people think deflation is inherently good. It can be good. Often it is. Often it isn't. In Ethereum's case it means there's high demand, the security budget is paid for by selling blockspace, which means there's no inflation devaluing all other ETH. It's the first non speculative crypto, so people celebrate that fact. In Shib's case it means nothing, the $10K arbitrarily burned here and there is done for marketing. In BNB's case it's arbirary too but at least it comes from demand. Apple's to oranges. But this place is based around the supply side speculation of BTC halvings so it makes sense we find ourselves here, celebrating less supply of XY other thing too.
There will be 500 comments saying "I'm using \[shitcoin XY\] and its fees are $0.01". None of those could handle what the second largest blockchain has to digest while still staying secure.
>banks are increasingly more reluctant to part with their money, i.e., *depositor or* ***your*** *money.* Requirements/standards for loans have increased and you are also being limited/have difficulty if you try to remove/use larger portions of cash. Banks can make up all sorts of reasons like saying your transaction was "suspicious" and "it's to keep you safe" and this is completely legal. > >There's also just the fund and the bank simply not having the assets due to mismanagement so there's literally nothing to give back to the customer. When you deposit money into a bank you're giving them a loan. You deposit $5000 - you're giving them a $5000 loan. The bank can handle their loans the same way you handle yours. They can default on their loans, they can defer them to a later date, they can give the issuer the runaround. It's their money once deposited, and you're playing *collections* when you go to take it back. This is why if a bank defaults, that money is gone. There's no law stating you must repay back your loans.. >Especially within the past few years, banks have been increasing blocking transactions related to crypto exchanges and cryptocurrency, or limiting the amounts of these transactions. Customers are the root cause of this. There are countless stories of people buying $5000 of XY shitcoin, losing all their money, then calling their bank and saying they were HACKED and to give them back their money. Bank's censor lots of types of transactions for consumer protection, customers of online casinos and porn get 'hacked' all the time too and now there's a ton of extra friction for everyone else. >That said, all this means is not your keys, not your funds. In TradFi or crypto. Facts. The banking system relies on trust to operate. That trust is dwindling. Don't be left holding a bag of IOUs.
It aligns incentives with the energy supplier, the government, and the industrial BTC miner asking them both for permission.. All of these entities are profit maxis and could not care less about *BTC's* network incentives (like no censorship, its immutablility, etc.) When I hear miners getting paid in tax rebates and carbon credits it grinds my gears. That's why the hashrate is so unprofitable for everyone else without the same connections now - the government is subsidizing the hashrate and artificially inflating it as *their* miners all operate at a BTC loss. The government now has this fun ability to threaten the industry by taking away their free money unless they do XY for the subsidy (implement a sanctions list, shut off, eg). US industrial miners already represents ~40% of Bitcoin's hashrate so this isn't entirely out of the question the way 'Green BTC' is being pushed out there. Once a government controls ~51% of the hashrate through subsidy, what are people meant to do if the network begins to censor them? You can't fork BTC because it will be insecure next to this, and you can't mine BTC to include those blocks without immense cost far beyond the block reward pays. If we lose BTC for a second it is gone forever. Then who owns this new 'energy grid' afterwards or the 1000s of ASICs connected to it - once BTC mining rewards go away and mining businesses begin to capitulate into something else? The block reward is 6.25 BTC today and will be 0.09 BTC in 20 years, that may not be sufficient to keep *everyone* in business - 20 years later it will drop to 0.003 BTC a difference of 1/2048 the BTC income they receive today. Is that really *the purpose* of BTC, to run on subsidy and speculation so long before they all run out, to disappear into obscurity with a million unpowered ASICs in government hands? It sure is trending towards that.. I don't think Bitcoin was designed to create *jobs* for groups of shareholders, or for its mining to turn into a permissioned system where you *need* government help to mine at profit. BTC has 2 mining pools already controlling over 51% of the hashrate as evidence modern miners do not care about BTC values or its (trustless) integrity. Just compare it to the decentralization of any/all ASIC resistant chains without the same centralizing problems. I would be surprised if anyone under a $100M networth is able to mine BTC for profit by 2030, with that number growing exponentially per halving until it's unprofitable for even the largest government to maintain. The best case BTC gets maintained with ulterior motives rather than die from a total lack of incentives. I stand by what I said, I'd rather the US *not play this game* using subsidies and for the hashrate to fall back to where it was before subsidies. If people were still allowed to mine, instead of corporations of shareholders who don't care about BTC's values, BTC would be more decentralized and could persist for much longer. As it stands I won't use BTC because of its current massive 51% risk. If it's not going to become *more* decentralized then I may never use it again. I am not alone in seeing this, so I'm curious how its price will rise indefinitely to recoup halving losses as it gradually loses the *only thing* keeping it valuable. BTC was more decentralized 5 years ago, so what does that imply for 15 from now or 35 from now when BTC's *temporary* block incentives are over 99.9% through? If you think BTC should be responsible for creating jobs and building a new energy grid that's on you, you will pay for this by HODLing as miners sell their new mint. It's not something I can be a part of or want to see happen so I cannot support it.
Just as soon as we make it work without - XY ammount of money stolen -
You clearly haven't been around during the Vasil hardfork, where hosky basically announced to everyone to upgrade to version XY, while it contained critical errors for a proper smooth release. The community didn't comply, fixed it, released seamlessly, working ever since. And that's only one example of how things usually go the opposite way Charles initially would like to.
Most of it is about how gold came to be used as a standard and why bitcoin will be the next one. Bitcoin is backwards compatible, so there won't even be major changes on the coding side. Only additions like taproot or lightning, because the fundamentals (21m, POW, difficulty adjustment, halving, etc) are out of question. It's not like shitcoin XY where a foundation or whoever else decides how to "improve" the network between getting up and breakfast.
Tip Nr. 6: 90% of Crypto articles are just obvious things, copied from other news outlets and rephrased or just "Bitcoin reached XY price".
I the this Posts of analyst XY says crypto will do this…ofc some of them are right because there are thousands of wrong predictions of the other side
They are often a dumpsterfire and don't represent if a project or dev team is good. Some use it to unload their bags on newbies and some use it to rant against a project because price prediction of YouTuber XY wasn't hit.
And? Can you continue your train of thought or just parroting what you heard from your crypto influencers? Cause saying XY lost its purchasing power doesnt mean shit, bad or good, especially when theres more of it since.
Wow I believe XY oracle isn’t on there they’re my biggest in that category personally xD
"Males have one X and one Y chromosome (XY), while females have two X chromosomes (XX). The Y chromosome contains a “male-determining” gene called an SRY gene. It signals to the developing human embryo to create a penis and testicles. Without an SRY gene, the embryo develops a vagina and ovaries. This has been understood since its discovery by biologist Nettie Stevens in 1905." ​ Then you have intersex, which is 0.05%. ​ Guess it depends on where you dig to find the facts I guess. The problem is the "social construct" has become more mainstream through the insane academy institutions you got going on over in the US. No wonder all your kids are a mess at this point.
It means you can prove to a protocol you're *Justreadingcomment* without actually giving out that information, at least not in any decipherible way. It means you can prove to a verifier you have access to your password without using your password, or sharing it with them. It means you can prove you qualify for a loan without sharing your financial information to the person loaning to you. Then you can prove to anyone you qualified for that loan, or are a member of XY group, without sharing with who. It means blockchains (and L2's) can work in a way that's private so no one but you knows what you're doing. (Very handy when people are trying to arbitrage *your* trades, common in DAOs). Zcash, Monero, Aztec, and even Chainlink are all utilizing forms of ZK-tech. ZK essentially converts your inputs to math, then a verifier checks to see if this short *proof* is solvable or not. If it is, it means the proof you handed them *must be* valid. The verifier will then attach their signature (to tell the network it's been validated) to its outputs. Suppose you deposit 1 ETH into Aztec, and withdraw 10 ETH from there a day later. None of the ETH or Aztec validators (or anyone else) know where that 9 ETH came from, but if the proof you have is valid *it must be* and that's *all* a validator really needs to know. (Aztec is a *ZK-ZK rollup*, kind of an interesting concept.)
XYO, invested in the company when it was XY findable sand have been using their COIN app and convert to XYO every so often, but largely has not delivered me much value. Still waiting to see. Plan to write it off as a loss in general.
>But then you want to pretend I made it up? "It's way too easy to rally you guys' up with a simple headline, so of course your politicians speak in hyperbole." Find me a politician who doesn't speak in hyperboles today. You won't find a moderate speaker in the US. The US is playing a big game of social division, left vs right, the other side is EVIL and going to kill us all!!! It's the "2" party system at work, same as it's always been. The US is referred to as Yall'qaeda all around the world for good reason. Ban abortion and no one talks about XY new scandal, you people live in a circus and think it's real. Get your head out of it, it's *all* propaganda. AOC is trying to get on the news, like every smug headed politician, and she achieved her goal considering you're in here advertising her message presumably for free - not to mention leaving hella trackers attached to the URL you posted which is just ironic considering where you're coming from. >She literally said, exactly: *THE WORLD IS GUNNA END*. But it's "my" politicians spreading the hyperbole. Unbelievable perspective. It's you listening to politicians as if they're fact tellers, is the problem. Politicians spread hyperbolic bullshit for attention, which translates into clicks and money. People don't get into politics to be honest. If AOC got that phrase onto Fox she probably made like 12 hours of airtime which is great for her. The world IS going to end as we know it. That still doesn't mean it *won't exist*, are you serious? Do you think having 5-10%+ YoY inflation for the next 12 years won't have a massive effect on your life experience? Remember when food tasted *good*? That's one way to measure how the world is changing irreversibly for the worse. How do you make food taste like it did 12 years ago? You can't. That world is finished. Just like the world with 0% borrowing rates is over, it's dead and can never come back *even if we wanted it* to. How many other genies should we let out before admitting the status quo just doesn't work anymore? >The rest of your irreversibly biased rant is wrecked by tunnel vision. We won't meet halfway on this, so no need to continue, and I shouldn't have touched the subject in this sub to begin with. Facts. I treat all politicians as liars, you take their word as fact to the point of anger, and I'm the one with tunnel vision - right. Keep politics out of here. This isn't the place.
Typically, blockchain males individuals have one X and one Y (XY) on their address.. while those who are blockchain females have two Xs (XX)
Yeah like the whole trading competitions saying „trade at least 1000$ of SHIT-coin XY to have the 0.0001% chance to win from the price-pool of 1000$“. Which really sounds to me like an organized pump n‘ dump scheme and no one cares..
So happy to see the XY oracle on here lol I thought I was the only one, I’m currently down a solid 80 percent give or take roughly so I guess I’m bag holding
https://mirror.xyz/x-explore.eth/cL3d_CyNujXq8XY7ueP4omNXx_IY1EG5Dz0FD0vJ90M Address Poisoning
Trusting a crypto exchange is neither desirable nor necessary. When I'm talking about exchanges, I always try to phrase it "I trust XY most" - which in no way means I'm trusting them fully. I hold the majority of my coins on my own wallets, and if I would ever sell them I would do it in small batches and different exchanges at once. I agree about CDC being shady, but as long as you can buy/withdraw there, why does it matter? I trust Kraken the most but I also use Binance, which I trust a lot less. But that's really insignificant if I can just buy and send the funds to my own wallet.
There are many ways. There are people and bots who scan the blockchain or blockchain explorers for targets. Sometimes they go for people who have interacted with DeFi Apps, and sometimes they go for whales. On Polygon and BSC, transactions are so cheap that if you've made a dozen transactions, you'll probably get targeted for some random scam multiple times in a year. Nearly all my active accounts have been targeted by random scams and airdrops. That's why I have this article on all the various unique scams: https://mplankton.substack.com/p/comprehensive-list-of-common-crypto For more info on address poisoning, you can read about it here: https://mirror.xyz/x-explore.eth/cL3d_CyNujXq8XY7ueP4omNXx_IY1EG5Dz0FD0vJ90M
I have a short explanation of it here if you search for the "Address Poisoning" section: https://mplankton.substack.com/p/comprehensive-list-of-common-crypto > This takes advantage of the fact that account addresses are long, and that you can generate public addresses that share the same starting digits as other addresses. The attacker monitors thousands of victims for their token-sending behavior. They create accounts with addresses that have the same starting characters as their victim and victim's recipient. They then transfer tokens of 0 amount to the victim's account and victim's recipient's accounts from the similar addresses. The attacker is hoping that in the future, the victims will reuse the attacker's addresses instead of the real addresses. Because the attacker is sending 0 tokens, it’s able to bypass the approval spending limit for most token contracts and fake transfers from the victim’s address to cause confusion. If you want a detailed explanation, there's this article: https://mirror.xyz/x-explore.eth/cL3d_CyNujXq8XY7ueP4omNXx_IY1EG5Dz0FD0vJ90M
This might be true. But every time I ask friends how they know about Coin XY the answer is always: * Reddit * Any news Page * Youtube
I wrote the same thing to other user. Let me explain here. 1. I never interacted with that address, they are using a smart contract to spoof and make it look like I did. If you click on the TXID, you will see it's a smart contract interaction and they sent it to 200 people per transaction. (https://i.imgur.com/EZms4sf.png) 2. I never imagined there was vanity address gen possible for Ethereum or any chain. I knew it exists in Bitcoin, so I literally got phised with a similar address where I just read the last 4 digits. Someone from Ledger team sent me this: https://mirror.xyz/x-explore.eth/cL3d_CyNujXq8XY7ueP4omNXx_IY1EG5Dz0FD0vJ90M Maybe this will help you guys too to understand what's going on. I hope you got your answer.
Don’t think that’s what happened here. Pretty sure it was a poisoning attack. OP address was poisoned with bad address 5/6/7 days ago, which OP then used to send $5k today. OP must have copied address from transaction history and not binance app. This increasingly pervasive attack: https://mirror.xyz/x-explore.eth/cL3d_CyNujXq8XY7ueP4omNXx_IY1EG5Dz0FD0vJ90M
More details on this attack that has been on the rise over the last month or so: https://mirror.xyz/x-explore.eth/cL3d_CyNujXq8XY7ueP4omNXx_IY1EG5Dz0FD0vJ90M
It's not malware, it's [address poisoning ](https://mirror.xyz/x-explore.eth/cL3d_CyNujXq8XY7ueP4omNXx_IY1EG5Dz0FD0vJ90M)
It's called [address poisoning](https://mirror.xyz/x-explore.eth/cL3d_CyNujXq8XY7ueP4omNXx_IY1EG5Dz0FD0vJ90M) and it's been rampant the past couple months. It's not a trojan or malware, it's just copy-pasting an address in your TX history that looks similar to one of your whitelisted addresses.
That's like saying the Ethereum whitepaper allows for sidechains, so Polygon **is** Ethereum. Lightning Network **is** Bitcoin. That's a slap in the face to Satoshi where ever he is. You're absolutely projecting here. You have no idea my background or involvement in crypto. Bitcoin is littered with human elements today. Do you think 'green BTC' happened naturally when coal is by far the cheapest anywhere? Green BTC exists solely through government subsidy, done by the mining **industry**, which are people, trying to get a leg up over the rest of the industry by using their cronies to gift them carbon credits, which they now use as revenue instead of block rewards. Why do you think you can't mine BTC anymore?? Only a couple more halvings and 2 governments will own the vast majority of the hashrate this way, "now do XY or the subsidy goes away", and there's absolutely nothing you can do about it since the entire industry is profit focused. That endgame has obviously been the intent since early on when Blockstream first took control. Proof of Work is the exact same as Proof of Stake, just with more middlemen fees involved aka more favourable deals made to the rich or powerful. If you have $100M you aren't doing POW all by yourself, you hire people to work for you, and you focus on your $100M stake in the operation instead. If someone comes to you and tells you they can get you another 25% revenue by doing it this way, not that way, you're as easily as corruptible doing POW as if you were doing pure POS, except that you're much easier to find therefore coerce in POW since you needed the government's permission to use wholesale energy in the first place. >I don't believe in the Bitcoin maxi mantra that Ethereum is a pre-mined shitcoin. I think the pre-mining argument is hogwash. But I do believe that it is more trustworthy, and I think most people probably agree. I used to really like BTC 6-8 years ago before people started turning it into something it's not, with zero actual regard to what it was supposed to be (the upgrades implemented by centralized actors go directly against the whitepaper, and work against its inevitable reliance on fees to pay for security long term, you have to remove these upgrades now to make it work, which can't be done so it's fucked). Literally the one only way BTC can be secure now is if the price goes expodentially up forever, like that's a fucking great idea guys' let's throw everything else out and make that happen. I wanted it to be sustainable, like Satoshi did, *without people*, but I was a minority and told BTC would exceed $1M by now so I'm just wrong. Now BTC is a under its last cycle ATH and things aren't looking great. By the time these issues become blatant, like after next halving when the last few people who share your ethos have to quit mining indefinitely, it'll be too late to do anything. I was one of those idiots who fell for the BTC fork train. Just trying to finish Satoshi's whitepaper. Literally not what anyone wants. And I don't want something that's *not able to* achieve what it said it would do over a decade ago, so I can't be bothered with it anymore. I watched Bitcoin grow from an amazing idea, to a **currency**, to a pet rock 'Store of Value' that is down 50% against *gold* right now (my used car holds value better). That was never the intention, and please read the whitepaper if you don't believe me. That happened solely because of the people who were involved. That's not what progress is to me. I liked Ethereum because it had a vision, and people were allowed to and did work on it together to achieve that one vision. The most unknown people came out of nowhere with some of the best ideas. Since then it has achieved most of its roadmap, and its new roadmap (made by other people, with a vision) is absolutely stellar with potential to make traditional payments systems obsolete. The centralized actors in Ethereum, instead of closing all development to themselves like BTC core dev's have, funded research projects and development for any team who was working on the shared vision together. The 'people' element exist in both networks. People exist... The aim with cryptocurrency is to align their incentives to your own, so you can trust their human nature to do what's best for them and in that way what's best for you. Ethereum has people involved, but every one of their incentives are aligned. The one time they weren't was when miners getting 200% APY were booted off, which was outlined in the original Whitepaper anyways. Bitcoin's incentive structure is broken, the most centralized miners have all the power, and the core devs won't let any development through, since they each profit more doing it this way and that's basic human nature. You should never expect or rely on miners to share the same ethos as you *unless you too* are able to mine, otherwise you're trusting anonymous people to vote on your behalf and assuming that won't ever impede on your incentives, because miners are altruistic or something. Bitcoin = HODL = ponzi Ethereum = fee revenue = sustainable Bitcoin just gave up halfway through becoming sustainable because its ~~ponzinomics~~initial issuance before halving made everyone fiat rich. Now all people care about is the price, and they assume the price will expodentially inflate despite no development or use cases or activity. All that matters to me in this nascent space is to see ongoing development. You're free to work on Ethereum yourself too, it's permissionless, and you can be part of *Vitalik's team* with me and 10000 others! But good luck doing a single thing with Bitcoin, and you'd honestly be the only one still trying - your incentives, whatever they are, aren't going to make the guards any more rich so you won't be allowed in. Bitcoin has made itself obsolete by being unfriendly to development, now the maxis even want to make Ethereum illegal instead of developing to compete. Different strokes for different folks, I guess. It's good we have both 'visions' to work on or buy into or this space wouldn't be half as diverse. If you haven't been involved with BTC for long (<7 years) I'd recommend reading The Blocksize Wars. The book details all the *humans* (that still are) involved in making BTC what it is today. It will be very insightful if you think its progress to this point was in any way neutral or unbiased.
>project xy will go to the moon Bullish on XY
The crypto-crash-prediction articles exist as long as crypto. If I call every day that XY will happen, someday it will happen…
I posted this as a reply to OP, but I'll post in a top-level comment in case others don't see it: It sounds like an address poisoning scam. [Read this article](https://mirror.xyz/x-explore.eth/cL3d_CyNujXq8XY7ueP4omNXx_IY1EG5Dz0FD0vJ90M). Did you copy paste an address for you transaction history? If you compare your wallet address with where your crypto ended up, did the addresses look somewhat similar or were they completely different? tl;dr: Bob (victim) sends Sally x amount of crypto. Tom (scammer) sets up a bot to immediately send $0 of the same crypto to Bob's wallet. Tom uses a nifty number generation tool to generate a wallet address that looks very similar to Sally's address. Next time Bob goes to send Sally crypto, he copy-pastes the last address he sees in his transaction history -- it was for $0, but the address looks similar to Sally's address. That must be it!...wrong, this is the scammer inserting a dupe address into your TX history that only LOOKS like Sally's address.
It sounds like an address poisoning scam. [Read this article](https://mirror.xyz/x-explore.eth/cL3d_CyNujXq8XY7ueP4omNXx_IY1EG5Dz0FD0vJ90M). Did you copy paste an address for you transaction history? If you compare your wallet address with where your crypto ended up, did the addresses look somewhat similar or were they completely different? tl;dr: Bob (victim) sends Sally *x* amount of crypto. Tom (scammer) sets up a bot to immediately send $0 of the same crypto to **Bob's** wallet. Tom uses a nifty number generation tool to generate a wallet address that looks very similar to **Sally's** address. Next time Bob goes to send Sally crypto, he copy-pastes the last address he sees in his transaction history -- it was for $0, but the address looks similar to Sally's address. That must be it!...wrong, this is the scammer inserting a dupe address that only LOOKS like Sally's address.
Nobody worry. I’ve taken one of the birds, and I’m nursing it back to health. It’s making a great recovery so far. Here’s some footage. https://m.youtube.com/watch?v=8UeRHUvY4XY
your analysis is completely wrong, like in this post here, not even a single thing is true wxcept for ppl losing access to their keys. so let's just stop here. if you don't know how btc works and you also don't want to read up on it and just say "even r/cc agrees that XY" (which is a complete lay and anyway would not mean anything if it's BS), then i am no longer interested. there is no middleman (that was you claim, not mine), bitcoin does not consume "too much" energy the original question is answered. you just don't accept the answer. that's your problem, not mine.
I ready something like "I want to buy the dip, but my paycheck doesn't come until XY" - is this a meme or do so many of you people really live paycheck to paycheck and STILL gamble into such a risky asset?
>There are reputable exchanges? They are, until they aren’t. FTX never provided proof of reserves, never had deposit insurance, and was incorporated in the Bahamas. You can't get insurance without audits for XY whatever. These aren't all the same. If you and a million fools can't tell that, then I don't want whatever regulations come from your votes.
FTX was generating about $10M/day in pure revenues and found themselves in an $8B hole. It's greed. Likely it starts out small. Seeing you have $5M of outflows per day with $10M of inflows, you take $100M (10%) of user funds to lend out for 14 days, then later return $101M and nobody is any wiser. They started printing their own token, FTT, and using that as collateral through *their own firm* to be able to withdraw dollars, which they used to buy crypto like SOL or FTT, plus invest in 300+ startups. This gave them the ability to *indirectly* use user funds to invest with, up to any amount of leverage they wanted (they could pump the price of FTT then use that to take out larger loans). Which turned into a scheme where they're taking like $500M of (indirect) user funds out for 50 days expecting no one to notice. It was in that *moment* CZ (Binance) pointed it out, people took notice, and FTX's outflows began to exceed inflows - so everything they were using as *collateral* (FTT, SOL, FTX) imploded all at once. *As soon as* the price of FTT fell so did all their leveraged loans. It's similiar to what happened to Luna/UST (essentially a ponzi scheme that collapsed). FTX and SBF were seed investors in *so many promising things* that will never come to light now, because their firm will be forced to absolutely *crash* everything they touched in bankruptcy court. I don't think an individual has ever caused so much harm to this ecosystem before. They *could have* been happy with $10M/day, but oh no they'd miss out on investing in XY's seed round and ABC's startup and only be able to invest in 150 things instead of all 300 of them. They even had the Canadian pension plan investing in FTT/FTX plus all of DC in their pocket. If they just, didn't fuck it up, SBF could've become one of the richest and most influencal people in modern history. To be unhappy with the pace he was getting there is pure mental illness.
All of those regulations already are in place, in USA+Europe+Canada+Japan+S.Korea, etc. FTX was based out of the Bahamas, and you could deposit any crypto there as long as you had an internet connection. Any project who doesn't want to abide by regulation can simply exist offshore from the USA. If the USA prohibits too much, *everything* will offshore and the US will get even more left behind. Limit the exposure. Are you suggesting to sanction offshore exchanges? Fine the people who visit these sites? You can *ask* someone in Vietnam to follow US or European law but they're absolutely not obligated to. I'm not trying to be a prick. It's just a ludicrously difficult topic to approach. When people call for regulation blindly, regulators essentially say fuck it let's sanction **code** then- *the people are asking for it*. The regulators are entities like **SBF** trying to close the door behind them, using (his mom, really), the SEC and DC (on both sides of the aisle) to ban or otherwise prohibit *the few things that are working* like DeFi, self custody, privacy, and turn crypto into everything that's wrong in the *already existing* traditional financial system. Are we *trying* to build a CBDC here? I honestly don't know anymore. People need better education, not safety rails. Healthy markets are efficient. If it became a industry standard to release regular audits, entities who refuse should be categorized differently than those who can prove collateral. Which seems to be what's happening now. Then markets can sort themselves out as they mature. These are things the industry requests, not something that can be *set* globally (without the IMF anyways). If no one knows any better- no one cares. Until the market matures, volitility is to be expected. Good regulation would be something that allows regulated banks to act as a fiat on/off ramps for crypto, or that allows US exchanges to operate globally. Why would I store my assets in China(Binance) if there's a *better option* local to me? But our industry is not friends with the IMF who determines such things. I've not seen *any* regulation proposed that would even inch that along as of yet, which is odd considering how great it would *legitimately* benefit consumer protection - instead I see proposals to add KYC *to smart contacts*, as if that makes any sense (regulators still need more education on this too). Typically the US sets some regulation and the world follows, except for this time crypto is absolutely *booming* outside the US and no *one* is in control (almost as if crypto was designed this way) really limiting what can be done to 'stop' XY thing from happening elsewhere. It's a very nuanced thing to deal with, which is very likely the reason the US, *the World police*, haven't approached it yet despite being asked for clarity numerous times. People aren't even sure if there's *any* legal way to launch a coin on US soil right now, which isn't helping protect anyone. It's not as simple as *asking* FTX to not leverage bets using people's funds or I promise you it would've been done already. There are still a lot more things the industry can request before we ask for help. Everything is still so nascent. God help us when we bring AI in this space....
I think the problem is that the crypto space is relatively small with a few big actors. If one of them announces he's gonna sell all his XY-coin, that coin is going to crash. This should be getting better with more adoption and more evenly spread assets. Lets just hope we even make it there before these whales ruin everything..
Try to remember a lot of people bought ETH at >$10 - $100 and don't see at them as dollars anymore. They're just 'internet points' to many. Plus all the random people who can afford to DCA $100k into crypto each quarter. I see NFTs as a great equalizer, since I'd never buy one for $4K but to someone who wears $8K outfits driving an $800K car it's *nothing* to them. Then remember these are highly speculative markets, almost akin to a casino. If there's even an iota of demand a market will commense and prices can become inflated very quickly. Usually the artist, or collection, is what drives the hype. If the last collection was successful the same artist will have good luck in their next one, or if they're famous in any way. 'OG' NFTs like Crypto Punks are worth a ton because they were some of the first, and were made without the expectation of profit (before this entire craze). Some NFTs have utility, like by owning it you're granted access to XY website, physical good, location, service, or chatroom, or they can be tied to usernames, domain names, avatars, used as a wallet address. I've seen one that changes in the weather, so the NFT rains when it's raining near you. But most are generic artwork, typically copying a style from any of the top 10 - there are probably 1000 *ape clones* alone, trying to ride off their already existing hype train. This all fractals out quickly. The NFT craze begun last Summer when gas fees were already high, then NFTs tripled them. It cost almost $100 to mint or buy an NFT, so if it was only *worth* $5 it wasn't economical whatsoever to produce or sell them at the time. This gave ALL NFTs a floor of around $100, to at least cover fees, plus maybe another $100 to cover fees for *one* other. Gas fees have dropped substantially since then, and NFTs are on L2 also, but the mentality that an NFT *should cost at least* $100-300 hasn't gone away yet. I do see a lot more $10-30 NFTs but not nearly as many as I thought. I sold my free Reddit avatar for $200, and the other day sold a domain for $900, which is approximately 40x more than I valued either at so I really hope they're happy.