XYZ

Psykotixx

These guys skirt the law through back end "deals." It's basically "Hey Gary, I'm happy to call you a friend, I hope we are life long friends. Here is our opinion on XYZ" And that's pretty much it. They get paid millions upon leaving office. No formal agreement needed (therefore no law broken) because these the institutions always pay, otherwise the game stops. It's bullshit.

Glass_Feature_4180

hairdresser asking me about XYZ-Coin is the end for me.

murphinate

The dude is actually right. ETFs are generally constructed to mimic the performance of a given asset or asset class relative to the ETFs stated goals. I.e. "This ETF seeks to match the daily returns of XYZ." This will likely include holding Bitcoin, but it doesn't need to include holding Bitcoin.

owltofthiswrld

You don’t know what the price is going to do next, so buying a little every month is a good plan. That means Bitcoin, it doesn’t work for XYZ Altcoin, you’ll likely just lose your money over time, or there is a 1% chance of making a lot of money on it. Bitcoin is speculation, Altcoins are basically gambling (the way most people buy them at least)

Oneloff

True, but imagine if we stopped using any company that has been sued for XYZ reason we would all starve to death. I agree precautions should be taken, but to simply bug out because of a lawsuit is silly. It’s suspicious and not a fact, and still yet to be proven. On top of that, another CEX got the same damn lawsuit which is funny in itself. Again the concern is legit but these precautions should have already been in place not now because of some dubious claims.

agmilky

Conspiracy clickbaits. Essentially they started being all about "this is what they're hiding from you" and "this is the secret plan of XYZ" … 3 weeks ago they had a video with the title "WW3 IMMINENT?"

slickjayyy

Dont project onto me bro its a really bad look. Id say the majority of this sub sees crypto and especially btc for what it is, and thats a casino. I enjoy it for the same thing and I have made a lot of money with crypto and for that Im thankful. That being said a lot of people fool themselves into thinking BTC is a good store of value or XYZ other thing and that just isnt the case objectively It has been a terrible store of value over the last 4 years because of the volatility. Full stop. We can agree to disagree on that one. To answer your question gambling doesnt have to be a short term play. Gambling involves two things in this context. Firstly it means risking money on an event that has an uncertain outcome and heavily involves chance. Secondly it involves putting money into the aforementioned with the hope or expectation that the price will go up. Contrast that with say a dividends stock for example (or staking in some contexts). So yes, holding BTC over longer periods of time is still gambling for the most part depending on the expectations, rationales, and logic the person is using to make that play and the fact is probably 95% or more of crypto investors are here purely as gamblers who are only investing into BTC because they are price speculating and hoping itll go up, and not because they are collecting safe ahort term yields and believe in the asset

LiftingandCooking

Perfect timing for my conspiracy theory. Notice how all the regulation being written and thrown around includes wallet providers? The US will come up with regulation to effectively ban self custody wallets because self custody wallets have been used to fund terrorism. Similar to trading stocks at a regulated broker, it squeezes the BTC held by US citizens out of their wallets and onto regulated crypto exchanges or custodians. US citizens will only be able to "own" Bitcoin via the Bitcoin ETF's, on a regulated exchange or an approved custodian. There will be a grace period for citizens to transfer their currently self hosted BTC onto a US regulated exchange or custodian. After the grace period is over, all US regulated exchanges (off-ramps to fiat) will not be able to accept Bitcoin from a non-regulated entity. Let's say you live in the US and have 1 BTC that you custody in a Ledger wallet. A) You decide to comply and transfer to Fidelity crypto custodian services because their 2% annual fee is the lowest out there. Not your Bitcoin anymore, just a balance on a computer screen now and a custody fee. B) You decide to not comply by keeping it in your Ledger. There are now zero ways to off-ramp your BTC to fiat in the US. It's essentially isolated BTC. "Oh, but I can spend it in XYZ country." You could for a while but the US started offering bounties for anyone who turns in a US citizen sending Bitcoin from a non-authorized wallet. You're still allowed to withdraw BTC from the regulated custodians to a newly designed regulated KYC/AML wallet and spend it in these countries. Any citizen using a non-authorized wallet is placed on the crypto-terrorism funding suspect list and is not able to fly back into the US without forfeiting the BTC balance of that wallet. In addition they are subject to fines and jail time once they return to the US. Once the early BTC forfeitures become known and amplified on social media, US citizens will stop taking the risk of trying to spend their BTC in other countries. You will have to change citizenship to spend your BTC otherwise it's dead. Maybe the government will be nice and set up an Amnesty program that only steals 50% of the Bitcoin transferred directly to them after the grace period. No jail time, just half your Bitcoin is forfeited to the government and then you can transfer it to a regulated custodian. And that's how they steal the Bitcoin from you and I. It's dystopian but not really.

LiftingandCooking

The exchange isn't allowing anything. In both cases a liquidity provider is saying, "Yes I will accept XYZ for USD and here's the rate" That's literally how all of this works. Trading pair. Exchange rate.

Pasukaru0

Why is this in this sub? It's not bitcoins fault that you use Hardware wallets that dont work with business XYZ. Sounds like a you problem.

CanadianCompSciGuy

BTC doesn't fall into the categories that we've established over the years. Is it a currency? Yes. Is it an investment? Yes. It is difficult for us to grasp, because up until BTC, those were mutually exclusive things. We still think in 'old monetary world' terms. BTC doesn't have to XYZ to be successful. It only needs to be itself. That alone makes it better than the alternative.

JerryLeeDog

Their plan was "my exchange XYZ is safe so I don't need to withdraw" That's all the blind faith it takes.

Sapian

>It's not LNs fault if your XYZ store hasn't enabled payments. Such an odd reply. >and it leads to centralization. >And? It's irrelevant. I'm glad centralization isn't a concern for you, but it is for me.

Cryptolution

>It isn't accepted at most places I shop It's not LNs fault if your XYZ store hasn't enabled payments. Talk to them about it, don't shake your fist at the clouds on Reddit >and it leads to centralization. And? It's irrelevant. It's not needed to be ultra secure like the base layer it's supposed to be for smaller payments.

Doge_Labs

Hi u/_dekappatated, thanks for the wonderful questions and attending the AMA! Why DOGE? Specifically because it ***is*** DOGE! Ordinals as a system can only work with specific chains that allow a specific type of on-chain data storage within the atomic units of the chain itself, and Dogecoin is one of them. And because DOGE was a fork of Bitcoin, and due of the vast brand power and social penetration DOGE experienced during the last few years, we felt it made for a really strong user base and creative experience simply because of who/what this chain is. Truth be told (and I speak to this quite a bit at length above in another question), but yeah the development was a total nightmare at first. While DOGE was a fork of a fork of Bitcoin, it definitely stopped receiving a lot of the developments Bitcoin did, and it's not as simply as copy-pasting what the Bitcoin devs upgraded and porting it over to Dogecoin. The ability to have a fully automated market on DOGE, for example, required us to reinvent PSBTs into PSDTs. We've actually had some relatively prominent individuals in the Bitcoin Ordinals space approach us and say they want to build XYZ on Doge, only to find out that they can't do it as easily as they thought they might be able to. As for the total amount of devs - Doginals is still super new. I'd guess probably a dozen or so. Thankfully it's such a wonderful sandbox that the devs that exist have a ton of fun building new products, and the barrier to entry is low (so long as you understand you're not going to be able to code on something like Solidity for Doge...) \---- Why do you need a new address? If your old Dogecoin Address can be ported into something like the Doge Labs Wallet, then it will totally work just fine. The problem is, most of the places that allow you to hold DOGE act like a big bucket. If your wallet isn't prepared to separate out your inscribed shibes from your regular shibes that make up your spendable DOGE, then when you send out your Dogecoin you'll accidentally send out your assets as well. Imagine you drew a mustache on a penny but then put it into a big box of pennies and spent them without looking. You'd lose mustache penny eventually (if not quite quickly). Specialized wallets like the Doge Labs Wallet allow mustache penny to stay separated from the box of pennies, and shines a spotlight on mustache penny so you can see it and trade it specifically when you want.

akoli35

> Metamask Sucks It's free and open source. Blockchains are open source. It's easy to say XYZ sucks when we don't have brains and fall into traps because of greed but expect others to put in double brains for free to help you avoid all sorts of traps. If we can't learn the tech and help build stuff in this space, atleast we can be cautious instead of greedy and stop poking every smart contracts out there? As a tech person, me and my team used to care about web3 and blockchain and we acknowledged the lack of better UI/UX in this space. We stopped contributing to web3 space after noticing so many users being greedy trying to make quick bucks and falling into scams and then proceeding to badmouth the web3 products out there. So many devs in this space that I am connected with, are pivoting away from Web3. It's no one's job, it's a collective effort and we are failing to work together to bring mass adoption. Easy to blame it on products but difficult to understand the real reason behind it. I have also met users who blamed metamask, etc because they were rug pulled by NFT platforms. Some blamed blockchains because of FTX shiz because apparently they expect blockchains to not allow FTX type scams. It's not going to be too long until we meet people expecting the core blockchains to generate free salaries for them. P.S. non-technical folks can open an issue on any open-source web3 products github site mentioning details of issue and proposing a logical solution. This is the least that Web3 devs expect from users. If you can't do that, don't expect other out there to make products to support your greed.

sfgisz

When you don't have a non-BS answer you don't respond. Ever noticed how news articles mention XYZ did not respond to our email/queries/whatever until the time of this writing. That's exactly what they're doing - not responding with BS.

benjaminchodroff

Dollar cost average. $100/day for the next 30 days. You might regret not capturing the moment at “only $34k a bitcoin”, but it’s better than buyers remorse of “bitcoin dropped 10% today because of XYZ news” I use river.com to fully automate my DCA, and auto withdraw to cold storage at specific amounts.

T2LV

We often then of coins in USD or other fiats, but in reality it’s not. Altcoins should be thought of in terms of XYZ/BTC. Thus if BTC goes up it pulls everything with it. Just like BTC can go up but also if the USD goes down, BTC by default increases.

R0Y-BATTY

Large and medium institutions have money on hand for making moves, they can also unwind positions and buy with those funds. The truth is that people buying now will have planned to do so when XYZ outcome becomes likely.

gr8ful4

"DEX" with KYC are a joke. You guys need to spend more attention to the real projects by real cypehrpunks like bisq, not those fancy VC funded CEO token XYZ projects built on those fancy smart-contract chains.

Fabs_-

You'll bite? Go ahead, I'm not going to start a discussion about why BTC plays in another league than some random altcoin (which likely nobody pays attention to anyway). I'm not trying to be rude, I'm simply done with the "Oh but in reality"... No, coin XYZ isn't going to be the Bitcoin-killer.

MyMoMrEgReTs

"i think Elon gonna tweet about this XYZ coin"

rulesforrebels

You must not have been around during that period because literally everyday was a story about XYZ company now accepting crypto or thinking about accepting crypto. You also had a lot of directories popping up of crypto businesses. Getting on one of these directories is a backlink so its basically free backlinks from a number of high pr sites just to say you accept crypto. Everyone hopped on the bandwagon just for PR. I placed an order with a pretty well known hat company and paid in Bitcoin. After a month of getting nothing I hit them up and was like what the hell and they were like oh we never had anyone pay in crypto so we dont really check it.

SigiNwanne

We waiting to see if there will ever be another 'XYZ killer'. Lol

j4c0p

Anything that calls itself as "XYZ killer" is dead in water.

MrMogz

People always believe it because they see “holy crap XYZ Coin was $50 in the last bull run and now I can buy it for $2, if it hits $50 again or goes to $100+ I’ll make bank!” They don’t realize that it will probably hit $12 in the next bull run and then fade say into obscurity like the vast majority of previously hyped coins from the former bull run. Those of us who experienced 2017 and watched almost none of those coins do well in 2021 know this too well. I have low expectations for things like SOL, DOT, AVAX, etc. They could break the trend but it’s not something I’m gambling on, personally.

SteveW928

The driving adoption via use is a good point, because right now among those unfamiliar with the principals of Bitcoin... they see HODL'ing as just a get-rich fantasy. They don't see a use for Bitcoin. What can they do with it? If Bitcoin got used more, and people started to see they can buy XYZ product for 10,000 SATs or whatever, they'll start thinking of it more like something real they can use. Most people aren't going to read Austrian economics books or dig into the Bitcoin community enough to understand many of the core principals. Actually getting them and using them (Satoshis) starts to change that. To me, both HODL'ing and using are both important. That seems contradictory... BUT, you can start stacking SATs, while also using & replenishing them when possible. When you see something you can buy via a trusted vendor for Bitcoin, try that instead of pulling out your VISA. It's money you'd have spent anyway, but helps drive the eco-system.

rulesforrebels

I kind of touched on that saying I don't think adoption is going to look like what many of us thought it would look like back in 2016/2017 or earlier ie people using crypto at starbucks. Crypto isn't better than credit cards in most ways, only thing better is there's no central authority to tell you that you can't sell XYZ or can't accept payment for this item. That's a use case dont get me wrong but not a super mainstream one. I get that adoption is more likely to look like crypto debit cards where the cashier and customer behind you don't even know your using crypto. Just overall though like a few years back tipping was bit, there was a stronger sense of community, people actually would use and spend crypto to spread awareness and adoption, you had things like wenano with the geocaching, it just seemed like much more community, much more excitement, everyone involved was truly into crypto and not just speculating. To me the heyday of crypto to date was like 2016/2017

Remyleboo99

I’d buy BTC before it mooned. Definitely not that pesky XYZ coin though.

marckolind

If you could go back in time, what would you do differently.. And you can't answer "BUY XYZ before it mooned" GO!

mochi_ball223

XYZ coin has such a low marketcap so it'll definitely go 1000x during the bull run

YourMovieBuddy

Haha I’m sure most of us had similar experiences as why we bought XYZ

REiVibes

Tbh I really don’t think this is a good thing for crypto overall. (On a macro level, I understand what you are saying is true and good advice). Average investors don’t wanna deal with all the, no pun intended, cryptic bullshit you have to go through to keep your crypto safe. The sooner people can just trust XYZ bank or investment fund to purchase and hold their crypto for them the sooner we get mass adoption imo.

tiger1647

Unfortunately, the media controls the narrative, so it can be OMG we totally raised interest rates and thought we beat the recession but XYZ happened and now we are in a recession (until they change the definition again).

daKiddo

This is the right discussion to have. We could demand XYZ but we need to know what the previous engagement and deals look like and what was the benefit to those who are paying

Bright_Refrigerator9

Yes, they do collect fees. But what im asking if everything is pooled. And if so, in an event of a bankrupcy or XYZ, is the ETF treated as any other customer or no?

Level_Nonbottom

I hate all those "top analyst says XYZ" articles. Nobody knows shit about fuck in crypto and they clearly just proclaim extreme numbers to generate buzz

Unitedstatesofnever

I'm guilty of doing this aswell. Especially on hard days at the fiat mine think if each coin I hold gets to XYZ amount I never have to go to the fiat mine again

justcamefromcaves

Buying a XYZ shitcoin just because they will get a lot more coins than Btc/eth at same price

Libbyuhhh

I'm worried that in the not too distant future my transaction history will be scrutinized and limited due to XYZ reasons

Reasonable_Dot_1831

It's a shorter .com domain, so it was worth Holding. Not like holding every XYZ shitcoin for 20 years and be a bag holder.

InternetStrang3r

You know during a crazy bull run how people say “you’re so lucky” and “how did you get XYZ at that price?” Im going to send them back to the daily from 2022 and 2023 and show them the pain we endured for years on end but we stood strong and farmed moons instead of hiding

S-U_2

Then we need just need 1 more billionaire to buy 1 more .com business and call it Y. To have thz XYZ trifecta.

Mr_Bob_Ferguson

>I would argue a lot of people here know that it can fail still. You might be surprised. *"I'm down 99% on XYZ coin? I'll just wait for the next bull run which will come 6 months after the halving in 2024 and i'll be fine again".* This type of comment is extremely common in this sub.

Halo22B

You don't understand ...an address and an identity are not linked UNLESS I the controller of address XYZ reveals that information. You are also confused in thinking that a present day bank account is in anyway anonymous, it isn't. The ability for police to subpoena your bank records is not possible in a BTC environment.

ConfidentialX

Word of advice, be careful! Sites like ICOdrops show active and upcoming airdrops. I try to be more risk averse than simply accepting XYZ airdrop. Many are scams/rugs. I always undertake due diligence before even contemplating signing up for an airdrop. Especially by trying to verify who the team behind said project are, what their experience is, do they have experience in tech etc. Stay safe and FYI, if someone is claiming to offer 200% APR per year for staking, walk away...

Comicaz3

There used to be a point in time where I had cash in my wallet, but I’m at the point now where my currency lives on a plastic card. And probably one day, I’ll be using XYZ vendor’s product to pay for a coffee with ABC crypto

thinkingperson

By now, I dun really feel much for those who get rugged this way. Every other day, we see people asking where they can swap for some random obscure XYZ tokens. It's like they are asking to be scammed. It does not make it right for scammers like techlead, but those who buy in deserve at least half the blame. Also, I watched a couple of his vids a year back but stopped after seeing how half the time, he is just bragging about having worked in Google. \*sic

PositiveUse

And former president says that climate change is fake and election was stolen. Sorry, what former XYZ people are saying is totally irrelevant.

Glum-Bandicoot8346

New to crypto in 2021. Researched, purchased and immediately transferred to hardware wallet. Before beginning, I created an email address that was crypto only use. The only emails came when I purchased or wire transferred. Clean and secure. THEN … Then FTX collapsed and people were saying “move your crypto!” No when I logged on people were saying, “do not go to FTX they have been hacked!“ I don’t know why I did. I was 99.999% certain I had no crypto or funds sitting on FTX. Ever since then, my inbox, actually, my spam folder, fills up with crap from sources. I’ve never accessed nor heard of. Garbage saying you are about to lose your funds on XYZ wallet, or some other wallet. It’s infuriating. I am downcast at this point re Bitcoin. I have been an active trader since 2008. I have followed crupto, off and on, since it launched. But with the nations creating a CBDCs and programmable at that, I have doubts about bitcoin’s future. Probably those in other countries will operate with freedom. It appears the “Richmond north of Richmond” don’t want those in the US to have that freedom. Don’t shout me down when I’m preaching. ‘’good ’. It does not matter what side of the fence you’re sitting, you know it’s true. The SEC and practically everyone in government are so corrupt? I had high hopes for Gary Gensler.

mochi_ball223

I feel all this talk about Moons will naturally get watered down once we are in a bull run and everyone is shilling XYZ coin or talking about BTC/ETH price action. Crab markets are just dull, at least moons gives us something to be excited about in the meanwhile.

theycallmekimpembe

Ok example Token XYZ You hold 10k XYZ XYZ current price 10$ a token Your strategy would be at 12$ etc for point 1-4 of DCA out, but what if only the first target every gets achieved and the others don’t, do you then just keep holding for it to back up and do you apply this strategy than solely to BTC and ETH ?

NecroSocial

Weird no one on the crypto sub has offered the full correct response yet. Guess I'll try. You're conflating digital art sold as NFTs with NFTs as a blockchain technology. In commercial use NFTs can be thought of as certificates of ownership. The NFT denotes a particular party owns and/or has XYZ rights pertaining to a particular piece of property. That property can be anything from ugly monkey jpegs, to concert tickets, to medical records, fractionalized music copyrights, real world art, frieght on a cargo vessel etc. All of which are use cases currently employing NFT tech. When a true believer bought into BAYC they were buying digital art and the rights to use characters in that art in their own content. They were also buying membership in The Club which was to come with perks like members only online and real world events. This is one reason BAYC sought celebrity members so hard, to add value to their real world events. Now you weren't just holding a membership pass to a sausage party with other wealthy NFT nerds, you could potentially hob nob with celebs at these events. Maybe Paris Hilton would be impressed by your gold necklace with ape medalion. Such was the promise ...or delusion. As for the digital art valuations, the value of any art is what someone somewhere will pay for it. No more no less. This is true for real world art as well. The NFTs just record who owns that art, its actual value is for some rich collector to decide and probably only for tax reasons rather than quality or beauty or what have you. Hope that explaination helps.

tobikaapfi98

As usual fud posts. U can say the same about XYZ coin. Everything is down rn.

jps_

Joiner (precursor to Howey) may be more use to you here. Basically, selling a bunch of parcels of land in and of themselves, without a coupled promise of improvement would have been fine in Joiner. But it was the coupled promise of a refinement to the actual value of the asset (by drilling a nearby test well... the cost and effort to be done by Joiner) that turned an ordinary speculative real-estate transaction in the desert into a securities transaction. In the case of Van Gogh foundation, they aren't making any modification to the painting itself that will make it more or less valuable. They are just doing ordinary promotion of a painting. Which may or may not increase its value. And in the case of ETH foundation, sure... if everyone steps away from the keyboard and stops making ETH better, stronger, faster, more good... then you have the Van Gogh example. There's no enterprise making the whole thing more valuable while you sleep. However, ETH is a very difficult case to use as a bright line, because it was designed to be very difficult. So to avoid that rathole, let's pick XYZ as a hypothetical token foundation. It's not like several don't exist. >XYZ Foundation is not selling XYZ on Coinbase (ok maybe they did at some point but let's assume they are holding, and lets assume for arguments sake the developers etc or other parts of the common enterprise are also holding). So some random Joe having acquired XYZ on a secondary market is selling his XYZ now on a secondary market and some random Tom goes and buys it, and you want me to believe that this Tom has invested IN a common enterprise? The short answer is Yes, even though you clearly don't want it. The long version is this: this boils down to asking the question: **Does the word "IN" an enterprise in Howey mean "directly in" or does it mean "directly or indirectly in"?** If only directly, then Tom has not invested in a common enterprise. If indirectly, then Tom has invested in a common enterprise When it comes to legislative interpretation, courts must answer these kinds of questions purposefully with respect to the legislation. That's super important. Such an analysis then asks: what happens to the purpose of the legislation if it's "directly" and what happens to the purpose of the legislation if it's "directly and indirectly"? Obviously, if it means "directly in", then Howey must not apply to secondary markets. If it means "directly or indirectly in" then Howey does apply to secondary markets. If it can only apply to primary markets, and not apply to secondary markets, then it clearly doesn't apply to securities transactions as commonly conducted on exchanges (secondary market). But the preamble to the Securities Exchange act says this: >For the reasons hereinafter enumerated, transactions in securities as commonly conducted upon securities exchanges ... Ergo, it MUST apply to the secondary market. Ergo, "in" must be interpreted as "directly or indirectly in". >The securities laws I do believe are mis-guided in general when it comes to crypto. Two points here. Firstly, this is the same as saying securities laws are misguided in general when it comes to oranges or acreage in the Texas desert. In fact, it's not the technology to which laws apply blindly, so it's an overgeneralization to say that. For example, I don't think securities laws apply to BTC. Or to all NFT (some, yes). Or notarizing services. Or (some) systems of title. Or logistics registers. Or many other really useful applications of the technology. Per Se. It's when these use-cases cross the line into being securities transactions, that the PURPOSE of the Securities Exchange Act applies. As long as crypto is being offered on exchanges to folks who are parting with money with an expectation of profits through the efforts of others, then securities laws have to apply. But if they are buying the utility of ETH so that they can use the world computer, at a price now because they think there won't be enough ETH to go around... well, sure. Maybe securities laws don't apply to ETH either. But if they are buying a fraction of a stake that someone else will operate, and split part of the proceeds with them... that's about as straight up Howey as it gets: buy a piece of a digital orange grove; I'll tend and harvest the digital oranges; we split the profits; and you can sell your part of the digital grove any time... yeah... too bad, so sad, that's Howey with or without the word "digital". The law is the law. Unless and until a new law is passed. That's what it means to live in a nation of laws, rather than a nation of beliefs. I share some of your beliefs - particularly that the laws throw sticks in the spokes of innovation. But we are a nation of laws first, and a nation of innovation second. Reverse these, and we would have anarchy. Which is really profoundly funny for me to say. The term "crypto-anarchist" was not invented as a whim.

Vladimir-Putin

I forget if this was Coinbase guy or OS guy, but I recall someone who was part of the team that curated which projects would get highlighted on the front page and trading on the info/telling others to trade on it. ​ Essentially, "On Wednesday, XYZ ApeTurd Project" will be featured on the front page as an up and coming project. Buy it now and dump at launch."

Desperate_Channel_62

XYZ Crypto .....

DaddyDontTakeNoMess

Unpopular take incoming disclaimer: we’ve all bought crypto that ended up failing. If you haven’t, you probably haven’t been in crypto long enough. Shit coins gonna shit. But it took me a while to realize that. We’ve all read documents, or forum posts about crypto coin XYZ and thought it was going to moon. And we were able to find supporting “evidence” to back up our thoughts. Now, imagine hearing the sales pitch from the actual coin owners. We would have believed it, and told others how they need to make money too. Many of us are guilty in that very thing. How many times have we seen the “don’t tell family members about crypto. No good will come of it” meme? The meme is popular because we genuinely wanted others to jump on the money train. Things I believe: 1. I believe that paid advertisements should have a written disclaimer. I’m not sure this is common practice on social media 2. I think rug pullers should be punished with the full extent of the law. 3. I don’t think people that believed in a project should be punished unless they were an active participant of the pull. Regardless if they received marketing dollars from the venture or not. You can’t punish people because they believed in something where the creators had a change of heart when they saw they dollar signs and decided to bail. I’m not a fan of Soulja boy, but I think it’s silly to pile on every celebrity because they were part of a venture that failed, or the owners ended up being shitbags.

AndyZuggle

That's right. You don't own it, you own a promise. In many situations, a promise is almost as good as ownership. With bitcoin, this is rarely the case. Let's take stocks for example. Whosoever is the legal owner of the stock certificate is the owner of the share (remember paper stock certificates? they still exist). There is actually a big warehouse where all of the paper certificates are kept. The warehouse has a database saying who owns each paper certificate. If you are a regular investor, your name is not in that database. Instead a big investment company, such as Fidelity, is listed as the owner for many certificates. When you buy a share of XYZ stock, Fidelity is supposed to buy a share of XYZ from another seller, and then the database at the central warehouse is updated. Fidelity is the official owner of that share, you are not. Instead Fidelity owes you that share, and the benefits that come from owning that share. What if Fidelity doesn't buy the share? What if they just tell you that they did? They all pull scams like this to some extant. The more reckless the company, worse it is. Robinhood was the worst offender. Not only would they not buy shares to back up their commitments to their clients, but they would actually do the opposite. They were betting on the incompetence of their users. Regular investors can get stocks put into their name, which is something that people did with GME, but it is kind of a hassle.

bodacioushillbilly

I dont try to orange pill anyone not genuinely curious anymore. But I do mention it cheekily from time to time whenever people comment on the rising price of everyday things. Them: "I cant believe how expensive XYZ is lately!" Me: "Buy bitcoin" Them: "Im not throwing my money away on crypto" I know eventually they will think back to that time their friend casually mentioned they should buy bitcoin when its overwhelmingly apparent they were wrong.

AJoyfulProcess

Depends on what your risk tolerance is and what you're trying to get out of this. I'm a fairly conservative investor and I'm looking for growth but not at the cost of taking high risk to get it (don't feel like losing all my hard earned fiat).. BTC feels like the safest bet for me which is why I hold 65% BTC in my crypto portfolio. Then 24% ETH, and 11% everything else. I think there's nothing wrong with DCAing into alts, but they're just more speculative investments. Also, if you make the assumption that the crypto market as a whole will go up, then BTC will almost surely go along with it...now will the XYZ alt that you invested in also go up? Much harder to say...

dalibor68

Getting really tired of these clickbait "Developing Country XYZ bullish on crypto" articles that turn out to be absolute nothingburgers

j4c0p

"why would I buy it at XYZ when it was X just year ago" this repeats with every cycle

lordrenovatio

I always tell my friends who got burnt on XYZ shitcoins that whether we like it or not, Crypto rises and falls with Bitcoin so might as well allocate a portion of your degen investment funds into Bitcoin. Most long term "crypto" investors know this and funnel alt coin gambling profit into Bitcoin. The day Bitcoin fails ALL of crypto burns with it.

HughHonee

That shit never made sense to me? "XYZ token on ETH chain" ....but why??

Maxx3141

500 is a lot over average, but also a lot less than what you can earn here from just being very active. No one should expect to become a millionaire from Moons. Moons are totally different from meme coins like SHIB, especially because Reddit won't provide their founders share for liquidity and bribe exchanges illegal to promote them. This entire "Moons with a market cap of XYZ" makes no sense because you can't compare these assets.

bitwage

Hello! Bitwage here! Did you ask Why Bitwage? INDIVIDUALS \-We are global \-Accepting USD, EUR, GBP & CAD as inputs \-No limits on the number/size of the tx \-Fully non-custodial \-We send to any wallet \-No miner fee to get the funds \-Focused exclusively on the payroll since 2014. \-Funds in multiple wallets sent at once \-We are not a bank \-More private than custodial systems \-Unable to do fractional reserver or make money off your balancers \-Your employer does not have to be registered COMPANIES \-Use us to pay salaries internally based on everyone's distribution \-Invoice other companies \-Fund salaries with Bitcoin or a mix of BTC and fiat \-Run payroll without having a bank account at all \-Automation \-No overhead \-Reporting tools \-Easier salary accounting \-Payroll Integrations with 23 US Payroll Providers Some of the comments brought up: == Why not just get paid directly in BTC to your wallet? == Because your employer does not want to do it, regardless of the reason. That is one of the reasons. It is one thing to pay 1 person in Bitcoin for example, even if they were to go for it, and another to pay 10s or 100s of people. With us, you can get paid in BTC from Youtube ads, Airbnb, Booking, Vrbo, Uber, government, Fiverr, and any 9-5 job. It does not matter. The above is a crucial thing omitted from the initial post. If you can get whoever is paying you to pay you directly daily/weekly/monthly to your address, then that is indeed the best solution. In reality, not even exchanges do not pay out internally in Bitcoin due to. == Privacy == Your employer does not necessarily know what is going on in the background, as all they are doing is payments normally. We are not a bank, so by using us you keep more of your privacy compared to other custodial solutions Alternative systems and banks, share data automatically with XYZ. Using Bitwage allows you to have "your business" actually remain your business. No need for third parties in terms of compromising privacy. == Regulation == Bitwage not being a bank, is what is allowing us to not be regulated the same way banks are regulated. That comes from the fact that we do not keep funds for you. Neither Bitcoin nor fiat. Our clients come first, and we will act accordingly. == Locked out == There is nothing to be locked out in Bitwage, as we are 100% non-custodial. This cannot be repeated enough times == 401k == [https://www.bitwage.com/bitcoin401k](https://www.bitwage.com/bitcoin401k) == Availability == We are available globally, so yes, Europe works perfectly. We have many clients from Europe, that work for US companies for example, and receive their payments as Bitcoin. Their payments are not even touching their bank account in this instance. == Get more by doing it yourself == For example, when John Doe is in the US, him receiving payments to his bank account, then sends payment to exchange, sets the buy order, then withdraws, paying to receive it. And in the above example vs. Bitwage, you end up with less Bitcoin vs doing the same with us. And we are not even counting the time wasted to do it manually. We are glad that we could elaborate and clarify some of the comments. Why not try it out and truly understand why Bitwage is the best way to get paid? The same has been true since 2014 when we first started offering the option to get paid in Bitcoin. Experience the power of getting paid in Bitcoin firsthand! DMs are open.

captainabrasive

You keep track of tax lots for each XYZ, as you would with securities.

VacatedSum

I really don't know. Suppose I have a bag filled with 10 of XYZ crypto (fictional for illustrative purposes) that I've had for several years. I buy 2 more units of XYZ. Shortly after (same year), I sell 5 of XYZ. Who's to say which I've sold? Do I pay long-term or short-term capital gains taxes?

Tanikushokutomu

>Sometimes they still make fun of me for getting "scammed" lol Should've told them you lost it in a boating accident haha. Or tell them "Ahh I would but it's all tied up in XYZ and none of it's liquid and ...." and add whatever else jargony investing-sounding words you can think of.

DrvKrv

The guy went from ABC to XYZ. I don't know if that's bullish or bearish.

lubimbo

It is. I prefer posts like this 1000x over "Trader XYZ said BTC might do a backflip"

ColonelGray

\-Ask reddit 'what should I do' \-Then DM myself a message from a fake [Crypto.com](https://Crypto.com) account/email stating that the money needs to be returned to 'XYZ' address. \-Do so. 'Scammer' then obviously makes money disappear. \-When the real [Crypto.com](https://Crypto.com) comes for their money proudly claim to have already returned it and show message proof from [admin@ccrypto.com](mailto:admin@ccrypto.com) \-Then I just shrug and see how it all goes from there.

zfk

Imagine agreeing to a legal document (most likely without reading it) and then demanding some $15/hr, non-lawyer, customer-service wagie to read that agreement & point out a specific clause to you. I can almost guarantee you their customer service reps are not required to know every detail of each Coinbase agreement; nor would they be extensively trained on the details of each Coinbase legal agreement. I had a vaguely similar situation at my job just yesterday. A customer asked what XYZ, in one of our legal agreements, meant. Our legal department advised me to tell the customer they should have their own lawyer review. I work at a very large loan servicer.

DMugre

Download a fintech wallet, I'm sure there are digital banks wherever you're located. The whole value proposition of these apps is pretty much "We're essentially banks, minus the bullshit". All you can do as a customer is vote with your wallet. XYZ bank doesn't like you dealing with crypto? Cool! They don't get you as a customer, so less fee revenue for them. Most fintech banks don't even charge fees other than for physical cards.

Giga79

They will expire using negative rates. Just how your purchasing power expires today via inflation, but.. combined with inflation. Foreign or used cars could come with a 50% tax to reduce their demand. Advertised to handle today's global chip shortage/climate problem without crashing the wider economy. Prices would remain steady or deflate. Inflation would appear very low if they could only remove auto from the data today. 2% inflation is their goal not how many people can drive to work. Maybe a tax only to you specifically because you are buying an excessive amount of cars, more than 1 per household. CBDCs aim is to prevent economic volitility.... The only reason there's ever been volitility is because *it is fun* to twist the make it rain money knob and everybody is happy with you, because the fallout won't be for 5-10 years, and nobody can be or wants to be that guy to put it to an end so it persists until a full on rager where people are selling fart jpgs making millions of dollars. Money printers going Brrr is human nature at this point. Only it will be brrrr to XYZ investments that are ESG compliant that the politicians have all invested into while there's a massive recession in ABC and in your business because of some arbirary tax imposed - but damn the data will look GREAT.

Ryuzaki_63

So long as they don't fix a monetary value on community coins like 1000 of XYZ community token = a $1 award etc

Sidivan

1) Innovating is hard, but it’s what everybody targets. They want to revolutionize XYZ instead of picking a great use case and/or problem, then solving for it. Every great innovation solves a problem, but crypto devs are too busy being infatuated with the tech to solve real world issues. 2) It needs a better model to make money. The current model for crypto is having a large investment in a coin, building hype or value or both, and then selling off a portion of your holdings. This is similar to serial entrepreneurship, but the issue is there is no product to sell. If I start a business with customers and provide a good or service, I have a self-contained profit loop. When I sell the business or raise money, EBITDA matters. In crypto, that entire structure is bypassed, so investment is pure speculation on coin price. Right now, there’s no *product to consume*. We’re all basically sitting around trading USD for YEN for EURO and guessing which one will be worth more in the future. ETH brought smart contracts, which are at least a shadow of a service, but we haven’t seen them utilized in a real way. This is why we’re all very early in crypto. Until there are practical applications of blockchain deployed past proof of concept and proven over time, crypto is worth only what you speculate it will be worth on the future.

Jaythiest

Solid advice. People that know me know I’m the crypto guy but I gave up talking to them about crypto a while ago. Doesn’t stop them, though…. “Hey J, you know about crypto… what do think of XYZ coin I am hearing a lot about it.” “Oh yeah that coin is on fire right now. It’s been poised for a breakout for a while. I think I mentioned to you that it was a good buy when it was at $$ but now wouod probably be a bad time to get in as buying a coin while it is AT its ATH isn’t the wisest.” “Oh you already got some, you are gonna make bank, I’m gonna buy some when I get home.” “Ummm probably not a good idea cuz it’s at an ATH and most likely people are going to start selling and taking profits very soon.” “Whatever, you just don’t want me to be rich like you are gonna be.” Buys XYZ coin at ATH, coin corrects by 30% because it shouldn’t have been at the previous price anyway, people sold to take profits as predicted. (Near Future) “I’m never taking your shitty crypto advice ever again, I lost a bunch of money on that XYZ coin while you took my money selling yours.” Which I didn’t… mainly because I didn’t sell at the ATH cuz I’m a HODLer that doesn’t know how to take profits and shouldn’t be advising anyone about crypto. Lol.

MaximumStudent1839

Or maybe the tons of scams that proliferated throughout the crypto space. You know the dev promising XYZ as investments with the space giving no protection to investors/consumers then rugs after they get their fat checks.

coinfeeds-bot

tldr; Meme coins, such as Pepe and LADYS, have gained popularity due to their potential for high returns. However, these coins are highly volatile and can result in significant losses. The success of meme coins has led to a surge in speculative trading, which is not sustainable in the long run. Additionally, meme coins often lack utility and may not have long-term value. Despite the risks, some meme coins with market-relevant utility, like AiDoge and Copium, have lower risk and can sustain demand if the underlying project is strong. Investors are also shifting towards cryptocurrencies with powerful use cases, such as Ecoterra, yPredict, and Launchpad XYZ, which offer unique solutions and have the potential for higher returns. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

oak1337

You have XYZ in your cart, apply all coupons? Yes. 👍

Ok_Opportunity2693

Yes, always, for any currency. Would you rather have 1 XYZ now or 1 XYZ next year? If you choose to take it now you can just hold it until next year, but you also have the option to do something with it in the mean time. That option has value. The only case this doesn’t apply is when there are carrying costs. Say it’s expensive to store and preserve XYZ. Then you might reasonably prefer a fresh XYZ next year instead of a fresh XYZ today. One easy example of this is gasoline. If I offered you 10,000 gallons of gas now or spread over your life, you’d probably pick it spread out. Otherwise you’ll have to figure out how to store the gas and prevent it from spoiling.

Puking_In_Disgust

Not exactly bearish, but just about anything can happen, whether there’s justification for it or not. Just look at this little bear market/recession pump that’s been happening against all odds. I’d just be careful not to rule anything out. In the next few months it could go to 40k or back down to 16k, we can point to XYZ reasons why one or the other is more likely, but we really don’t know, so it’s always good practice to have a plan for both eventualities.

Real-Connection9224

Nö, it is the 4th Dimension, space requires XYZ

coqahoney

The main source of income for crypto influences isn't ad money, it is paid shills. XYZ DEX/shitcoin/GMX fork pays them in their token to shill. The influencer promotes XYZ DEX/shitcoin/GMX fork to their followers. The followers ape in, the insiders and paid shills dump, and everyone moves on to the next game of musical chairs.

csasker

>here is why BTC and ETH is the best >DYOR is hard >don't trust this chart, trust this chart >XYZ is a scam here is 10 reasons why

Florian995

The problem is just that people are lazy and live by the ‚so many people use XYZ it must be safe‘ mentality

WRL23

Did he straight up say 'invest in XYZ!" Or did he merely discuss it amongst other things like Bitcoin and Eth about advantages, disadvantages, and use-case..? Oh and before you even answer that.. was he, especially at that time, a fiduciary?? If you think he should be sued because you made a bad decision then so should THE ENTIRE MEDIA SCENE THAT COVERS THE STOCK MARKET... Cramer and friends on TV, twitter furus, hell even reddit for allowing you to discuss stocks and crypto would all be in the drain... Oh while you're at it you should just sue most of congress for making decisions based on their donation bin.

Giga79

I'm very optimistic about what's currently in development. This is ETH Centric, but that's mainly what I know- Account abstraction is coming very soon. This means smart contracts can act as wallets (and vice versa) which can enable gas-free transactions. How painful is it to mint a "free" NFT only to be charged $20 in 'gas'? Soon the NFT author will be able to preload gas into their contract and enable a truly free mint, which will be much more useful as more things become tokenized (imagine buying a TSLA stock and paying $20 in gas each time, literally unfeasible). VISA is focusing on AA very much. Soon you will be able to log into the VISA homepage and do XYZ task (like set up a reoccurring bill payment) while in the background it's being processed on-chain where you have the option to self-custody your assets. *Smart wallets* are smart contracts. Most support social recovery - which is a MFA seed phrase recovery service you can set up using your own devices or trusted third parties. I have mine set up using my old phones and old computer, so if I ever lose my seed I can use 3/5 of my spare devices to recover my wallet. My wife has set hers up through customer support 2/4 so as long as she has at least 1 of her 3 devices and support is available she's able to recover her assets. CEXs or even banks may be good recovery agents to average people who don't hate the status quo - lose your wallet? No problem, just phone the bank and get them to reverse it. PDS or proto danksharding is right around the corner (Q3). This will reduce the cost to use an L2 Rollup by 30-100x, also reducing the cost to maintain or deploy an L2. If the gas fee is $0.10 today it should be fractions of 1c by the end of this year. L3 layers are being built out now. These are composable with their L2 and so there's no need to bridge assets around. Coinbase is launching their L3 soon which will be composable with Ethereum(Optimism) *and Solana* dApps. A developer will be able to deploy on the BaseL3 and pull liquidity from all of Optimism including all of its other L3s, defeating the need for dev's to deploy on 7 different chains which fragments liquidity (and adds cost/complexity). When you use an L3 it doesn't need to ask which network you're on, it will just show your total balance and you can work with that. So Grammy can buy some ETH on Coinbase, withdraw to her wallet, and then use the BaseL3 as effectively as I use ETH now across 7 different networks. Or else Grammy can continue to use her VISA and not know or care she's 'doing' Ethereum with every transaction. Things will be much more painless that way - and worst case if you make a mistake and need to undo you won't be charged a $50 learning fee. The ETH roadmap is only halfway finished now. We are absolutely still early. When I first began to use crypto 5-7 years ago it was much more difficult, more risky, and often required technical knowledge. Even since the burn was implemented very few transactions get *stuck* anymore so newcomers rarely have to learn what a nonce is. Slowly but surely.

MichaelAischmann

How long will people keep saying "lower price for XYZ is juicy, sexy, nice"? How long will averaging down be "fun"? To me these attitudes are merely coping mechanisms & if you are honest with yourself, you wanted you coin/token to go up from the moment you first invested in it.

pbjclimbing

I check the post counts everyday that I post, probably 15 times a month. BTC is actually at the max more than Ethereum. Unless this is big Ethereum news, like the change to staking, Ethereum rarely reaches its max. The “standard” works. We don’t want to start a cascade of increasing XYZ post count number.

Ectophial1

Nah he got XYZ-summoned

Painfulblisteronmyb

that's absurd🥴 I have never had a problem with XYZ so far, infact I have always considered them one of the best cex out there, if not the best

lubimbo

Reality will be Chain XYZ will be used if it fits the usecase best. Nothing more nothing less. Many will fail but the big ones will probably grow their own ecosystem coexisting with other ecosystems.

HodlMyBottle

As it was foretold by *the guy that called the XYZ bubble of 1835*...probably. Did someone say "dailyhodl"?

Dangerous_Ad_4929

Lovehateinu is a huge potential and will moonshot because of it's easy usability and Blockchain backed votings. It's not just a poll on a website where thousands of Bots can DDOS. This will change a lot and has a self marketing potential depending on the videos and the outcomes. Imagine "A crypto currency names LHINU stated that 70% of valid voters hate XYZ.... I am very bullish about this!

MrBrew

Solid chance this comment will get lost in the mix, but I’ll try anyways. 1) Event tickets. Limiting tickets to X per wallet plus some clever backend tech will offer a better experience to Taylor swift fans than dealing with Ticketmaster and their outages and gross neglect of allowing scalpers. Ticketmasters network crashed thanks to Taylor swift fans. While eth is coming off of a small consensus issue, there’s never been a single downtime in the chain, giving a vast edge over Ticketmaster almost immediately. 2) rare loot drops in game. Let’s say I grind for 10 hours and during that time I receive a very low issuance, highly sought after in game item that is redeemed / authenticated by an NFT. I can choose to either keep this item in game, or sell it to the highest bidder. People pay stupid amounts in game when they want an edge, and could net a high windfall to someone. 3) copy Wright or other master proof of ownership. By minting a 1/1 NFT of XYZ document and storing on your wallet, you are claiming ownership of this idea at that moment in time. This could be items like Trademarks, patents on inventions or innovations, or could be a radical new mathematical proof that you wanted to claim ownership of. While this does not solve the problem of a U.S. patent being stolen and used in China, it does open the door to protecting your IP with non fungible proof of concepts.

pbjclimbing

It was announced, but the timing wasn’t known. The format wasn’t known. This is better than at X time buy XYZ.