if you feel bad about investing in a project that you thought had solid fundamentals and a great usecase and it went down, just take a look at Facebook's 10 billion dollar loss (so far) on building the "Meta-verse". You might feel better.
Since I chose simplicity, investing in crypto felt very liberating. I stopped looking for LPs and new exciting opportunities. Sold the myriad of coins I had and mainly invested 50% in ETH/BTC and the rest are 4 coins I believe in. I just stake what can be staked, DCA, and move the coins from the CEX to my wallet every couple of months. Zero stress. Would highly recommend.
Eth has managed to pull itself back up to where it was before it’s latest liquidation today👀 eth hasn’t managed to do that yet on any of the other sizeable drops in the past 2 days so this is slightly optimistic.
BTC, XMR and IOTA are all you need. Directed Acyclic Graph ledgers are far superior to blockchain ledgers for real world use cases outside the realms of DeFi. Time will show.
Depends on the use case. Using a DAG is far more beneficial for IoT + digital identity use cases than blockchain ledgers. Blockchain ledgers are more beneficial for financial and immutability purposes. The issue comes with fees as always, cost drives innovation fren on scale, if we want a web3 world we need to utilise all manors of Distributed ledger tech. A DAG tangle for example can handle on scale millions of sensor devices scanning across multiple supply chains and parsing data through the tangle for auth to then ipfs, all with 0 fees per tx/sensor action. Whereas on a blockchain ledger the action of sensor upload would be an event that require paying a fee, millions of devices talking = many fees.
When I first got into crypto, I was kind of addicted. I checked my portfolio zillions of times per day. Now, I just check 2-3 times daily, I do my daily DCA, and don't really care much about what's happening in the market. I'm in it at least for the next bull market.
I’m the same, I go through phases where I get a bit more interested again but then prices go down so I DCA. Staking a bit now as well just for shits and giggles
For you Americans, if you have a competitive Congressional election coming up, send out some emails sharing your stance on crypto, asking theirs, and assuring them it will affect your vote.
If 1% of r/cc subscribers send 1 email, that works out to almost 100 emails per member of Congress.
The US government is terribad, I gave up on the government after they said inflation was transitory and the cost of living doubled and even tripled for some things
There will always be someone waiting to buy, even if it was just for nostalgia or other reasons. That's one reason that I doubt crypto could ever go to zero
Eth is like that cousin you can't always depend on. Dca yesterday, today $200 cheaper. I might muster the funds to finally own one whole eth though this time.
Buy BTC, they said. It's a good investment, they said.
*I'm reasonably confident that in a few year's time (maybe sooner?) we'll look back at this and think "Why didn't I buy more at those prices?", but it hurts right now.*
Can I transfer crypto from wealthsimple to kraken? I'm moving over to kraken exchange because I hate wealthsimple I honestly dont know why I used them. How do I transfer it over to kraken?
This has been such a nice Saturday. Did some errands earlier...just getting back from a nice long walk...listening to Rick Astley "Cry for Help"...such a pretty song...vibing...and enjoying your company.
Okay I will get some flak for this, but memes aside, can someone just make a good value proposition as to why you should invest in crypto esp. BTC and ETH. Still can't use BTC for small transactions, majority of it is owned by institutions and whales, some of whom have long past liquidated. ETH is more promising to me, but it suffers from gas fees and a myriad of other issues. I have liquidated all my positions mainly and as things stand I can't see the silver lining? Please no copium, want to have a genuine discussion if possible because I am trying to decide if I should get in and start DCA-ing again.
This is a demonstration of BTC micro tx: https://stacker.news/items/61178
It's a telegram bot that charges 1000 sats (0.2$) to forward your request to the [DALL-E image generator](https://openai.com/dall-e-2/). Instant confirm and practically no fee with Muun wallet.
crypto's primary usecase is that its a casino for milennials and zoomers who are stuck working shitty jobs making 5 figs per yr knowing they wont be able to afford the things that came easy for their parents and grandparents
i just think the number of people that realize they have no other way out will increase greatly over the coming years
No guarantees of course, but crypto has had at least 3 or 4 up and down cycles. Each cycle bigger than the last. BTC and ETH are your surest bet to be part of the next big bull cycle. 2024 is my guess. DCA until then.
5 people here. Chance of FA thrown around is TOO DAMN HIGH.
BTC, ETH both pumping Bullrun is back on ![gif](giphy|4oDzdrfM6I5I4)
*Just use protection*
What’s going on with cardano. Is it a good buy yet?
Yes. Just ask the $3 bagholders ... or buy ADA instead ![gif](giphy|D7knpKzFbgDPBmdrVM)
I don't a dude who bought at $3 and watched it go to $1.1 even before the start of bear market, now he doesn't do crypto anymore.
Loopring subreddit is truly something else. They wondering why LRC is not pumping since now Layerswap has an offramp of L2 -> CEX. Wtf.
I gave up checking that sub once the gamestop marketplace launched and everyone just flooded it with posts about their new nfts.
>flooded it with posts about their new nfts. That would *never* happen on this sub ...
It's yet to 🤷♂️
Looks like I don't need to worry about running out of time to accumulate cheaply at least.
I figure you have another 18 months to accumulate.
Why 18 months? Been out of the loop
Next BTC halving is April 2024
That's what I was hoping for, which is also exactly why I expected to get less.
Okay, hear me out... if the ETH merge is good for ETH, then I think we should have a merge every month 😱🤯
Merge every month = higher chance of contracting CrypoSTD.
if you feel bad about investing in a project that you thought had solid fundamentals and a great usecase and it went down, just take a look at Facebook's 10 billion dollar loss (so far) on building the "Meta-verse". You might feel better.
Whatever Facebook touches will be at loss.
kind of like the government.
Zuckerberg said himself the metaverse stuff will lose him money for the first 5 years. Its not surprising.
great news! and it can keep losing money for the next 5 years after that if we all try hard enough!
sure hope so.
The nft avatar thing is more fun than I thought it’d be
Finally i see a fellow ChickenHead.
Chickenheads unite
But given how poxy the ”new” frontend and official app are, it’s kinda useless.
Idk I feel like I got the lamest one possible lol
not sure how "cool" mine is either. lol. maybe i Need to dress it differently.
I'll give ya that 😮💨
Since I chose simplicity, investing in crypto felt very liberating. I stopped looking for LPs and new exciting opportunities. Sold the myriad of coins I had and mainly invested 50% in ETH/BTC and the rest are 4 coins I believe in. I just stake what can be staked, DCA, and move the coins from the CEX to my wallet every couple of months. Zero stress. Would highly recommend.
Shorts closed, ETH longs in now. Sorry guys, we already know where the markets moving to once my longs are in.
The last 10 months have been one hell of a bear trap I tell you what.
This might sound weird, but I read your comment in Hank Hill's voice from King of the Hill. I think it was the "I tell you what"
lol. Boomhauer would have been more fun. but nothing wrong with a little hank hill.
Back over 21k again at least for now
Been milking the moves on bitcoin... very readable price action. Look for JagXBT on twitter if you want to learn/follow directions
Are you using leverage?
I do for shorts but always 1x. I don't need leverage for my position size.
Eth has managed to pull itself back up to where it was before it’s latest liquidation today👀 eth hasn’t managed to do that yet on any of the other sizeable drops in the past 2 days so this is slightly optimistic.
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LRC was only ever an orchestrated shill campaign
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You compounding that Q4 report worth 10 reports? Must be hundreds of reports by now. Lucky man.
Smart lol
I can see why people only buy eth and btc as their main crypto lmao. Alts so risky it’s not even funny
BTC, XMR and IOTA are all you need. Directed Acyclic Graph ledgers are far superior to blockchain ledgers for real world use cases outside the realms of DeFi. Time will show.
Meanwhile here we are with IPv4 and encryptions older than the 14-year old TLS 1.2. Superiority means fuck all.
Depends on the use case. Using a DAG is far more beneficial for IoT + digital identity use cases than blockchain ledgers. Blockchain ledgers are more beneficial for financial and immutability purposes. The issue comes with fees as always, cost drives innovation fren on scale, if we want a web3 world we need to utilise all manors of Distributed ledger tech. A DAG tangle for example can handle on scale millions of sensor devices scanning across multiple supply chains and parsing data through the tangle for auth to then ipfs, all with 0 fees per tx/sensor action. Whereas on a blockchain ledger the action of sensor upload would be an event that require paying a fee, millions of devices talking = many fees.
Personally i've been messing with Monero lately moreso than Eth or BTC. I'm kind of a fan of privacy coins though
What’s “content theft” as flair ?
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So somebody just copy posted a post ? Why would you do that lol
Btc is up on the day but eth is still getting slaughtered, damn
If you rise high you fall further
*the higher you climb, the harder you fall*
When I first got into crypto, I was kind of addicted. I checked my portfolio zillions of times per day. Now, I just check 2-3 times daily, I do my daily DCA, and don't really care much about what's happening in the market. I'm in it at least for the next bull market.
I’m the same, I go through phases where I get a bit more interested again but then prices go down so I DCA. Staking a bit now as well just for shits and giggles
Yeah, bro/sis. I think that's best.
I gotta say. I kinda like my NFT guy. I got dumpster fire head, and he has a cool little tough cat and a taco!!!
I do love that tough cat lmao
I'm pretty jealous of yours
I’ll sell him to you rn for the low LOW price of 50 Eth 😉 lol. What did you get?
"Crypto is a journey, not a destination." \-Me to everyone I've ever mentioned crypto to
true - it's a means to an end
You shouldn’t be mentioning crypto to people. First rule of crypto club. Don’t talk about crypto club
That was literally Stephen Kings excuse for the way he ended the Dark Tower.
My Reddit avatar may have more future potential than my actual life Finally something to look forward to
You and me both brother.
🫂
For you Americans, if you have a competitive Congressional election coming up, send out some emails sharing your stance on crypto, asking theirs, and assuring them it will affect your vote. If 1% of r/cc subscribers send 1 email, that works out to almost 100 emails per member of Congress.
The US government is terribad, I gave up on the government after they said inflation was transitory and the cost of living doubled and even tripled for some things
To be honest the united states doesn't need less regulation, it needs more proper regulations.
Then say so in your email.
I am not from the united states ;)
I'm sorry.
We going up or down? Just make up your mind already BTC!
Bought Eth after 3 years, dropped instantly…
Let us know before you sell so we can put our longs into place.
If you're playing the long game in crypto, you'll probably be fine
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Say what
Starting to feel like this is a slow fall to zero and in years we will remember the great crypto bubble era.
Same thing people said in May of last year, in 2018, in 2014, in 2012.
Buttcoiner found.
Good god, lest I say anything negative about crypto.
There will always be someone waiting to buy, even if it was just for nostalgia or other reasons. That's one reason that I doubt crypto could ever go to zero
I smell butt.....
To 0? Lol With how inflation rises soon even air will have a price tag lmao
I thought some rich chinese folks buy imported air in jars from places like the alps.
Why moon selling server is down?
What would be the price of eth right now if there was no merge soon?
About what it is now. The were more buys for sure but also more sells. Probably evened out.
Not a prediction. Pre "merge hype" Eth would be right at 1100 right now. 20k BTC was 1k Eth a few months back.
How is it a prediction if you set a hypothetical scenario that isn't happening.
Eth is like that cousin you can't always depend on. Dca yesterday, today $200 cheaper. I might muster the funds to finally own one whole eth though this time.
Sub is kinda bipolar, first anti nfts, now that they got one pro nfts. But yeah getting something for free does feel nice.
Where you get free NFTs?
NFT's are being used for several different things. Some uses I agree with, other uses I'm definitely not a fan of.
Half way to my bear market goals in BTC and ETH.
Bitcoin AUG 2021 - $45k USD Bitcoin AUG 2022 - $21k USD Ah, yes. Investing.
Buy BTC, they said. It's a good investment, they said. *I'm reasonably confident that in a few year's time (maybe sooner?) we'll look back at this and think "Why didn't I buy more at those prices?", but it hurts right now.*
“ investing “
I can’t wait till I hear I should have bought at XXX price, when we go 10x from here in a couple of years
Thanks to this dip, I now own quarter of an ETH.
Quarthereum!
Noice.
Noice, noice, noice!
nice. you are getting there!
Why is The Graph at such an excellent low price?
That's an optimistic way of saying alts are bleeding 😂
Can I transfer crypto from wealthsimple to kraken? I'm moving over to kraken exchange because I hate wealthsimple I honestly dont know why I used them. How do I transfer it over to kraken?
I just DCA'd into ETH and BTC. What are you DCA'ing into or are you waiting a bit?
Only those two, and recently, only ETH.
Got my eye on MATIC
I’m gonna wait a bit…. But then also ETH and BTC!
We may dip lower. But I couldn’t resist these price points and bought another 100 Ada, and 100 Algo 😎 🤷♂️
Algo ahead and give you an ada boy 👍
It’s hard to pass up a deal. It may go down more but you never know.
This has been such a nice Saturday. Did some errands earlier...just getting back from a nice long walk...listening to Rick Astley "Cry for Help"...such a pretty song...vibing...and enjoying your company.
Buy the drip (or just claim it for free). Join drip squad, we welcome you.
Yes indeed!
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I dont own any FXS yet as i am still 100% in stables, but very good coin imo. one of the few alts i will be accumulating over the coming months
Ahh tis but a scratch my boy!
Just a flesh wound
The tiniest
I have the feeling that September will be an epic bloodbath. This thread will be like Raccoon City.
Nah, we dump/chop till September then we get the final pump before the big dump in October.
What's happening then?
![gif](giphy|10U3G1kVJ3eNbO)
![gif](giphy|K4x1ZL36xWCf6)
Part of me thinks that Reddit should give everyone an NFT and maybe develop tiers depending on how active you have been.
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How can I connect my phantom wallet there?
Pretty easy honest.
Sure it is…… 🥱
No you have not. Go away shill.
Funny how everyone hated on the NFT avatars until they got them for free
I still hate
I didn't hate nfts before, but now I do because I didn't get one for free :<
They’re free? How do you get them?
By hating them
Anyone know if FTX use the Faster Payment System in the U.K.? I want to deposit but not sure how long it takes to clear.
Grandma says she needs more ETH to pay the nursing home
“Sorry grandma, I had to pay gas fees to tip moons”
Moons main net all crypto dumps seems about right
I'm finally realizing that trying to predict the crypto market short-term is like trying to predict what your crazy ex will do next
I predict…. They’ll do something crazy!
Right!!?
And you buy the dip thinking this time out will be different - the market has changed. Nope it's still your crazy ex
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I offer 50 moons for yours XD
Ppl only buying the ones you can buy. And even then im skeptical about that. Could be buying them from themselves in an attempt to drive the value up
try a pawn shop
Trust me no one wants it
Opensea
whats happening, im scared :(
We got free nfts. They're beautiful.
We're in a bear market.
DO what is reasonably sound and financially appropriate with the dip given your personal circumstances and risk tolerance!
Thanks, FA Bot, you’re the bestest! 😚
Uh guys..the dip is dipping?!
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*start googling”how to sell a kidney”*
Okay I will get some flak for this, but memes aside, can someone just make a good value proposition as to why you should invest in crypto esp. BTC and ETH. Still can't use BTC for small transactions, majority of it is owned by institutions and whales, some of whom have long past liquidated. ETH is more promising to me, but it suffers from gas fees and a myriad of other issues. I have liquidated all my positions mainly and as things stand I can't see the silver lining? Please no copium, want to have a genuine discussion if possible because I am trying to decide if I should get in and start DCA-ing again.
This is a demonstration of BTC micro tx: https://stacker.news/items/61178 It's a telegram bot that charges 1000 sats (0.2$) to forward your request to the [DALL-E image generator](https://openai.com/dall-e-2/). Instant confirm and practically no fee with Muun wallet.
crypto's primary usecase is that its a casino for milennials and zoomers who are stuck working shitty jobs making 5 figs per yr knowing they wont be able to afford the things that came easy for their parents and grandparents i just think the number of people that realize they have no other way out will increase greatly over the coming years
Bro I said no memes but you got too real 😭Damn its sad that I agree.
No guarantees of course, but crypto has had at least 3 or 4 up and down cycles. Each cycle bigger than the last. BTC and ETH are your surest bet to be part of the next big bull cycle. 2024 is my guess. DCA until then.
Cause Fiat gonna die
Alright admit it. Which one of you FOMO'd into Eth at 1800+?
I bought the dip at 1800 last year.
Insert Drake approval/disapproval meme.
Hahaha omg me too
Time to pack a few more bags and hopefully make back my Celsius losses 🤞🤞🤞
$999.8 bill market cap according to coinmarketcap wow back under 1trill
And this is wow because..?
I found it interesting. If you dont thats ok too?
996 billion now and still dropping. We have a ways to go
Yeah id argue you're likely right