Cryptocurrency Contents Archive

Anyone still stacking Alts?

A lot of the advice in the sub throughout the bear is stick to BTC & ETH. Perhaps we are coming out the otherside now so my question is what have we been stacking up on? Or have you just stuck to the blue-chips? Personally I've mainly chucked into the blue-chip but have kept up a healthy dca into a few alts My main picks have been: CRO- Cronos chain is doing some interesting stuff and with the current state of sponsorships & promo there is good room for growth in the bull ALGO- despite the subs love/hate relationship with this I think it has promise long term. ADA- similar to ALGO I think it has the potential to be really good but we probs need to gag Charles So hopefully without getting too shill-y what you been stacking and why?

Algorand activity is so low they’re getting empty blocks. That means no transactions in 3.6 seconds on an L1 that states they can handle 6k transactions per second.

Half of North Korea's Missile Programs Funded via Stolen Crypto: White House

What are your favorite crypto use cases for regular people?

Outside of speculation and DeFi speculation, what are your favorite use cases for crypto that regular people can easily participate in? Two that come to mind for me are the Reddit avatar program and the recently announced Kare Survivor Wallet. I like the Reddit NFT program because anybody with a credit card and a Reddit account can easily participate. It’s still probably too complicated for many people to sell on the secondary but once reddit creates a marketplace this will be seamless. I like the Kare Survivor Wallet because it streamlines the process for receiving funds in a disaster and will also likely cut down on fraud due to the transparency of transactions.

long term holders: how do you treat bitcoin and/or ethereum?

and by that, i mean, do you treat buying bitcoin/ethereum as a savings account alternative? by keeping nothing in your savings and retirement plans and going all-in on one or both of them? or do you treat btc/eth as an additon to your 401k and Roth IRA? while still keeping a traditional savings account. personally, i do the latter. every paycheck, 12% automatically goes to 401k and Roth. then whatever my net pay is, 10% of that goes to bitcoin and eth: 70% of that amount goes to bitcoin and the remaining 30% goes to eth. after bills, whatever is left goes to savings. and like 401k and Roth, i wont dare touch btc/eth until retirement. for the guys who are going all-in: do you really believe bitcoin/eth will outpace the growth of the traditional stuff? serious question and not belittling at all. just want to see some different perspectives.

Anyone still using a coinbase card?

Rewards have been 1% max for a while and most options are .5%. That is worse than many bank cards. I knew 4% was too good to be true but I figured they would at least come down to industry levels… The one thing coinbase does better is they put the rewards in your wallet whereas some banks put cash rewards in an account whey can actually expire if you don’t claim them soon enough. Do you think rewards will go back up during the next bill run? Additionally, do you think the coins coinbase auto selects for you will have positive price action? Seems like XLM is a popular option for them to pick for you. Might be better long term to pick BTC even if the reward is only .5%

I hope to find answers here, but what would happen to crypto if Bitcoin would drop to $0

I hope I am not conjuring this sub's dislike, but the question that I've asked myself for a long time already is what would happen to the whole crypto market, if Bitcoin's price would suddenly drop to $0? I know that it is very unlikely to happen, but this mind thought is quite interesting. Most of us have BTC in their portfolio, probably takes the biggest chunk in our wallets. Besides it's very painful for almost every crypto investor, will it crash the price of most coins to zero, too? What will happen to the exchanges? Will it affect the stock market, too? Will regulations get even tighter after this scenario? What will happen to "stablecoins"? Can it also affect the USD? And what will happen to Ethereum, the second largest cryptocurrency?

Kitboga has teamed with Kraken to mess with scammers

Kitboga has teamed with Kraken to mess with scammers. This is classic.

PayPal records $943 million worth cryptocurrency assets for Q1, 2023

‘Ancient’ Bitcoin Changes Wallets After 12 Years Dormant

Maybe we’re not early

There seem to be posts all the time proclaiming that we’re all early as only a small percentage of the world population has bought into crypto. There is no actual evidence that the world needs crypto apart from our own belief that it does. If bitcoin was never invented would the world be different now? Without ETH would the world be different without smart contracts and NFT’s? I’m not sure. Maybe instead of being early we’re all just mugs providing exit liquidity for people who saw the scam coming.

Before you panic, and start spreading FUD about your coins, open your eyes, and look at tbe entire market.

Everytime a coin starts losing 10-20% it's value in a day or two, people start not wanting it. *I don't want to trade for that... It's going down...give me eth instead* Did you look at eth too? It also went down. Bitcoin also went down from $30-$27K. It's not the coin you're holding or being offered that's the problem. It's the entire market. No matter what you are holding, if Bitcoin drops, most likely that will start dropping too. This is something you will learn being in the crypto space.... The coins you're being offered aren't defective. Open your eyes and look at what's happening to the entire market before you panic sell your coins or decline them for a trade, swap, or NFT sale. If everything is dropping 10%. That's a big sign it's the market, and not just said crypto. If everything is going up and yours is tanking, then it may be time to sell or trade for something else. Until then, calm down and hold.

Why do people believe or should believe in bitcoin?

I am not judging you, I just want you to be honest and write an answer. I want to make a definitive list on reasons. U can add links to sustain ur answers

Is there any proof that banks are centralized and bitcoin isn't?

Before you tear me apart in the commments: I am currently writing a paper and I know that btc is decentralized and banks can freeze your account anytime they want but unfortunately I can't find any literature on the matter proving that banks are actually controlling customer funds. I've been told by my supervisor that I need a paper or other literature where it says that banks are actually centralized but so far I have not been able to find "fitting" content. I amm thinking of using newspaper articles of how the canadian goverment ordered banks to freeze accounts of people who participated in the trucker protests during the covid lockdowns but I don't really know it this is sufficient "evidence" to prove my point. The literature should preferably be about european banks and US banks.

BRC20 fade it or pump it ?

So I guess you all probably heard that building projects on top of Bitcoin Network is possible right now. Brc20s are supposedly rug proof due to lack of smart contracts, no honeypots etc. the network is slow and expensive and their UI is terrible bur still , something that runs on btc chain could be big. Few days ago during the minting craze Bitcoin chain was so clogged up that a simple btc transaction costed like 50$, people in Salvador went crazy because they couldn’t use btc for buying groceries. What are your thoughts on this ?? What to make of it ??? Is there something big brewing with bitcoin defi , inscribing sats , ordinals etc or it’s all a scam ? What you all think ?