Cryptocurrency Contents Archive

Bitcoin had its 8th red week in a row. The previous record was 6 red weeks. We are indeed in extraordinary times.

With the recent weekly close, Bitcoin once again clearly ended up as a red weekly candle. It's now the eight red candle in a row for Bitcoin, something that never happened before. The last record was six red candles and that dates backt to even 2013. One thing is sure we are in a bear market and quite an extraordinary one for Bitcoin. The current macro-economic situation is very unusual. We are having a stake of issues that are all worrying and will probably just get worse, all that while the FED is being hawkish. Probably one of the worst macroeconomic situations for the stock markets in the last decades. Also all scenarios are just not looking to get better, as Covid, Ukraine-Russia, Supply chain issues. We are clearly in a slow-bleed scenario. Quite unusualy for Crypto, as Crypto likes to get a sharp dump at once and then just go sideways or up. Right now on the weekly it's a slow bleed. But as always this too shall pass and there will be a lot of needed relief afterwards.

JUST IN - #Bitcoin printed 8 consecutive weekly red candles for the first time in history https://t.co/002bGYK2yc

New to the crypto space? @cz_binance provides his crypto top tips for those getting started ⤵️ https://t.co/NNPqbqGozE

The crypto community is still way too inmature

I hate having to say this but it is true. One of the many reasons people hate crypto is the community itself. I would rather spend one week watching r/animemes than spending one hour looking at crypto twitter. And im not talking only about ape pfps being, well, ape pfps; im talking about the cringe of crypto "influencers" and meme pages that either post repetitive stuff like "if you dont buy bitcoin now, you will regret it" every 2 minutes and the absolute worst memes ever. Not to mention the comment sections with "hodl hodl hodl 🚀" and bots. 90% of people are here because of the money, 9% of the people are here because of the memes and the remaining 1% isnt loud enough to make the community look more serious than it actually is. This is also an obstacle for the mass adoption of crypto. Imagine nations depending on cryptos with communities like dogecoin's. What do y'all think? Am i making this a bigger deal than it actually is?

Most people will buy #bitcoin over 100k.

I can't really describe how much I love it!!

I’ve been Buying every 40% BTC dip since 2017

Just thought I’d share my DCA strategy. I first became interested in crypto at the end of 2017. I wanted to get it on a dip and had no idea the top was in. I bought at 12 K and averaged down all the way to the bottom at around 3K. Purchasing every week on a red or flat day. I bought all the way up to 12K again and all the way down to 5000 on the covid crash (didn’t catch bottom). I didn’t actually buy any more BTC until 39K. I instead saved up as much fiat as I could to aggressively buy the next 40 percent dip. Bought as much as I could all the way down to about 29 K. Started buying back in again from 41K to 27k so far. It’s probably more effective to DCA every week but I feel more comfortable buying the dips and saving up cash for those golden buying opportunities. It has lead me to miss out on opportunities between 13-25 k though.

Full Bitcoin Maxi now

When I first started in this space, like most I dabbled in the altcoins, very soon I realized that Bitcoin was the only way forward. I unstaked my shitcoin, and this morning it finally let me withdraw my coins. Sold at a 2/3rds loss, and not looking back! This bear market won't be nice to the shitcoins.

🤯Coinbase Card x EDC LV tickets sold out in just a few hours…so we’ve got something else in store for you👀

The support looks weak. It must hold otherwise we might see a harsh breakdown.

fixed

Hello, could someone please explain how PoS leads to centralization?

I see the argument everywhere, but I can't make it make sense in my head. From what I gather rewards and voting rights are proportional to staked amount.... In the same way as PoW rewards are proportional to mining hardware in use. The examples, even the ones in this sub "PoS cons" section (that I can't seem to find again) are similar to: *Alice has $100 staked, after a month she has $105.* *bob has $1000 staked, after a month he has 1050.* *Bob made more money than alice, and this leads to centralization (???).* I don't see the problem with that? Bob invested more money, and got proportionately more money out if it. How is that different from Bob buying a ton of bitcoin asics?

PayPal To Soon Accept All Forms Of Crypto Reveals Vice-President

Well gentleman…I cashed out my stock portfolio on TD Ameritrade before it slipped into a loss for me…and dumped it into bitcoin. I will hopefully own a full coin by end of year if the market dips more. Yes I’m a noob.

(Federal Reserve is already getting scared of a recession) Fed's Bostic suggests pausing rate hikes in September to assess impact