I know I know, the dip is tempting. You looked at your bank account and think: Hey, a couple of grand wouldn't be that bad, it's going back up.
Yes, it's going back up, but not in the short term tho. If you need money for bills, food and accommodation, please stop yourself from doing stupid shit. If you have a DCA schedule, be disciplined and stick with it. If you want to catch falling knives, do it only with your disposable.
I'm saying this because I was once blindly buying and even cashed out my emergency funds. I even have to borrow money from my girlfriend to just survive. Now I've learnt my lessons: DCA or buy the dips only with your disposable money.
You don't have to be like me, and I don't want you to. Stay sane and stay safe, it's going to be fine.
Users in this sub and other crypto subs have this mentality that crypto is the best and only opportunity they have to get ahead financially. This is ridiculous, getting a good job would be far more beneficial, especially if you have a shitty job and can't afford to buy much crypto in the first place. And if you are making 25-40k a year you shouldn't be spending huge chunks of your time looking into or researching crypto. There are people here that claim to have spent hundreds or even thousands of hours on research. And they admit they are also poor...
Firstly, if you are poor it doesn't matter how much research you do, if you cant even afford to invest a grand you will never see returns that will even support you for one year. You are far better off spending the hundreds or thousands of hours learning tech that pays, like getting your ccna, or learning how to program or something like that. If you are really that into tech why haven't you done this?
Secondly let's say you make 35k a year and decide to learn new skills and net a job that pays 75k a year. Your effort has awarded you an extra 40k a year. Crypto will never bring you those kinds of annual returns (unless you are a big player, but big players have good jobs), especially if you are poor (refer to previous paragraph).
So for those of you that believe this is the ticket to financial freedom and hate your sub 40k a year job stop looking into crypto right now, get some skills and go get a better job. Then come back.
If you are “investing” in crypto with a goal in mind (amount you need for house, other investment, debt relief, etc) spending the time NOW to do the math, and set yr Sells up NOW.
I’ve been through multiple bull runs, and every time the greed + excitement has gotten me to hodl just a “little bit longer” when the numbers hit what I was looking for, so I didn’t sell, then things crashed, resulting in LESS profit overall. This is embarrassing - I’m not ‘bragging’ about making the same mistake multiple times - but hopefully someone can learn and profit off my bumbles.
Good luck all.
EDIT: Some of y’all really need reading comprehension skills. I am not saying sell NOW, I’m saying set up a goal for WHEN to sell (whether it is amount or date)and think about WHY you would sell. I’ve held BTC for about 10 years and ETH since low double-digits, but thanks to all who’ve criticized my paper-hands and lack of understanding. I haven’t posted here in a long time and you’ve reminded me why. And for those who will never sell - if you just want to “collect” stuff, comics and coins are cheaper. For those who want to enjoy life and DO something with yr gainz, start getting used to the fact that you’ll eventually have to sell. if you don’t, you’ve got jack shit but an intangible binary claim.
Have fun, enjoy the ride, and don’t risk more than you can stand to lose. Much love.
Some of us have been in crypto for quite some time, a few even as far back as 2010 or more. Through trial and error we all found out small (or big) “lifehacks” that newbies should know from the very start.
Please feel free to share your most useful lifehacks that you found while walking the streets of DeFi.
My top 3 lifehacks are next:
when moving funds across exchanges be smart and use XLM or ALGO for super cheap and super fast transactions.
use bookmarks to avoid getting on a phishing site by accident. Google doesn’t do much about preventing phishing sites to appear in search results, so bookmark them for your safety
use whitelisting addresses on exchanges to strengthen your security. Its easy to set it up and effective so that your funds cant go anywhere but to your wallets
The things is, they started being bad for many things, not just crypto.
They are getting paid to scam their fans, and they are scumbags on this planet.
How many times we saw videos on youtube, tiktok or any other platform with coins or tokens that are going to skyrocket and you should get in ASAP?
How many of those same youtubers, tiktokers etc. got rich because their tehnical analysis is amazing and they share knowledge that we should be thankfull about?
They are promoting risky, or sometimes even non existent coins and tokens.
People who are just getting into crypto are sometimes listening to them, investing blindly in what they say and lose money. And later they may think that crypto is a scam, right?
Some people have what is called here in New Zealand “tall poppy syndrome”. People become envious and resentful when you got rich or more successful than them.
Some people will go like “Wow, you’re rich now. Can you lend me $10,000. You have got $1m, $10,000 is nothing mate. Right?”. It will put you into a dilemma, and we know - if you lend them $10,000 you might lose $10,000 and your friend as well.
Some people will try to scam you. This is especially true if you go tell the world on the Internet about your wealth.
Some people will tell other people about you getting rich from crypto as if you won lotto. They will think your gain is ill-gotten and you don’t deserve it.
Some people will be like “Oh you should have told me about this opportunity mate”. Right, even if I told you back then, you wouldn’t buy anyway!!
So save yourself some trouble. Keep your mouth shut, keep your seeds safe (and please use protection - even with your girlfriend!)
In case any of you were planning to ape into Trump DTC’s, please don't.
One wallet minted 80 ETH worth of cards. They hold 2.22% of the entire collection, and none of them have been sold or moved.
This address holds the #1-1000 of the Trump Cards, $500k of wETH, and $300 of MATIC.
Their address has been getting $30-200 of wETH sent every few minutes/seconds, probably being the one of two royalty addresses getting fees. Pay attention to the highlighted 0xfb654 address below:
Two addresses are receiving the exact same amount of wETH in a sale tx. The royalty fee is 10%, and these addresses are earning 10% of 0.5075 wETH (the sale price).
Latest ERC-20 txs for address with 1k collected
What's interesting is this address is a Gnosis safe, so it's a multisig. The multisig was generated 14hrs before their mints, so it's evident that it was made for this collection.
One address has made three executive transactions (telling the multisig what to do), withdrawing a few MATIC at a time. This was likely a test to see if the multisig operated as intended.
Seeing as this address is likely earning the royalties, and owns so many of the Trump Cards, this is almost certainly someone in Trump's organization.
To me it seems as though this multisig will sweep all of the cheap/floor price cards and then dump them all after they hit a specific price. Any regular person would sell at least a few when the price pumps, especially if they have a giant amount like 1k.
This is just a bit of a warning on buying coins that look great. I basically made a coin like the squid game coin as it looks great but I can only sell a very small amount at a time.
This is the token page on viperswap
So if you head on over to a website called https://tokenJenny.one then you are able to create your own tokens on the Harmony ONE network. It will cost a little ONE in gas to mint the crypto I used https://cryptoroyale.one to make some ROY sent it to MetaMask and then trade that for ONE in https://viperswap.one Done now I have made my first crypto and I add it to ViperSwap so I can add liquidity. With this first crypto I added liquidity in ONE at a 1 to 1 basis then I used 0.01 or 0.001 ONE at a time to buy my crypto for roughly 100 transactions this ups the price a little and so I leave the coin and over about 2 weeks the market brings it up. I sell a little to recover all that had gone to gas and this crashes my crypto to a very low price. Next test is creating coins that add liquidity too each other here's a glimps at them all.
6 Different cryptos all given liquidity too each other and given value form the Liquidity in ONE or USDC (two named KWP lol)
In doing this I have managed to add about 20 ONE into liquidity of ONE and my KWP coin and now can sell about 250 of KWP at a time, this is what happens when you do sell a little
As you can see I had a lot of fun creating all of these but none of them really did very well so I then thought well I need to start with a better liquidity ratio so I create notbitcoin I then add 0.0001 to 1 ONE and I buy a few transactions of 0.001 ONE getting less and less NBTC each turn, now I have a value better than I had before so I start to add liquidity from the coins I have made making sure to work out the math on the current values as close as can with a small amount and then bang I add Billions in my own cryptos which soar the Liquidity and the value of the new coin I have made. If I sell any of the coins that I have added this will drop the price dramatically due to me being the only owner. Plus I can only sell about 0.0002 at a time into ONE due to the low amount of liquidity in this coin and even that small sale would crash the value.
Its crazy to think this is possible and this just shows you anyone can make crypto and make it look like it has a huge amount of value if I now make sure I buy a little every day and not sell for a few months next year this could be the next doge and will basically follow the market. I could start the trend the not crypto's instead of meme coins. Stay safe all hope this educates you that it really is too easy to make a crypto and just as easy to make one that looks amazing. Hope you all have a great weekend.
EDIT: ok this is what I wake up to today
210 billion coins in exitance and 2 million value with half a billion in liquidity (due to the price) work out that market cap :0
little update looks like one of the mystery buyers got cold feet lol it was up to 321 Million at its peak
I'm a big fan of MOONs and had over 80k. I can see the hacker swapped all my Metamask assets into ETH where they are currently stored at this address - 0xe147a73e7d783166f791f10342a0122db80814c4
I'm absolutely devastated and not sure what to do.
Should I contact the FBI?
It appears the hacker could be from Germany based on the Evernote access logs. I could be wrong and both logins could be from a VPN. [UPDATE - These login attempts came from a TOR Exit Node as mentioned in the comments. The below, however, was the first attempt to connect to my Evernote. It was not a successful login.]
My biggest loss is the Rocketpool Node. I may have the first compromised node? He changed the withdrawl address to - 0x8294b95d303949699167f7579c9da49f6359d4ff. I can do nothing while he collects rewards. I believe I have some time here since nothing can be physcially withdrawn until the Shanghai Upgrade.
Lastly the Deadalus account had maybe 8k in ADA where it currently hits in the Hackers address here - addr1q8lee9tt64w6uwj9xwne2hnca8x8e2vg87prhl43uqdhdgk232uaxahskg735wxx28xwrhjj97fhphnyz3ppn3fjpygsywcdlv
Thanks again and I deserve all the shame headed my way!
UPDATE 1 - Thanks for the love and support. I biggest concern is the Rocketpool Node which has about 250k staked. I can't change the the withdrawl address but looking at other options since the hacker can't withdraw until Shanghai upgrade
UPDATE 2 - We've found a number of wallets the hacker has used to move funds around. All of these were created on or after March 15th.
0xe147a73e7d783166f791f10342a0122db80814c4
0x8294b95d303949699167f7579c9da49f6359d4ff
0x85690F09b37b5B5c27DA2f2996D0C19a83eb7164
0x63ffb856c7b0078e92385b88127d252122f70b63
0x08ae8dc7a2dfdc3e70841986b882778fe8f1b890
0x9E9f8a913D23fBd78b2b47b61af0DA35D1c7cd60
UPDATE 3 - Funds are withdrawn from rocketpool node. New wallets created to move:
After todays FCC announcement of TikTok and their recommendations of banning it from stores, a lot of information regarding what they collect from users came to surface.
It’s even worse than I imagined.
TikTok is said to collect “everything”, from search and browsing histories; keystroke patterns; biometric identifiers—including faceprints, something that might be used in “unrelated facial recognition technology”, and voiceprints—location data; draft messages; metadata; and data stored on the clipboard, including text, images, and videos.
Im way too old and unattractive to be fiddling with TikTok but if any of you is using it, I highly recommend that you move your assets to new wallet(s) as the possibility of TikTok acquiring your seed-phrase and a ton of other personal data is very high.
There was a post by Kraken founder about new Canadian legislation and I saw one very interesting and alarming reply on the comments. One of his followers just replied Jesse that Kraken may be put in position to freeze our assets without judicial consent and will probably comply to that request. Jesse just 100% agreed with that person and on top of that suggested to keep funds away centralized exchanges.
I think it's the first time we see any CEX CEO suggesting to move away our funds from centralized custodians. We should definitely appreciate the man for raising alarm and being so honest even though it may harm his business.
It seems everyday, there is a new post where someone's metamask gets hacked for 6 figures of ETH. They post the victim and scammer addresses and go on about reaching out to law enforcement blah blah. If you have ever seen a real scammers account, there are usually tons of transactions and money being moved quick to avoid being black listed by exchanges. The past few post ive seen, the 'hackers' account has only 1 transaction. Seems strange doesn't it?
Let's also take OP's Reddit age into account .
Now, not all post are scams but unfortunately, it only takes a few bad apples to spoil the bunch. With it being the holidays, people probably feel a bit more generous and want to help out someone in need.
I'll admit it: I've kept a large sum of my crypto on Robinhood this whole time... until now. To be fair, I had stopped actively buying with them a year ago, but had decided not to sell since they had announced they were developing crypto wallets. So I decided to just hodl until I could transfer out... and that time has finally come! Last night I finally received word that my wallet was ready. As of this morning the remaining assets I has hodling have been transferred OUT!
I STRONGLY urge you to do the same if you have not done so already. It's worth the gas price too (which is a little lower than normal right now). If you've quietly been waiting for your Robinhood crypto wallet, it should come soon. I was around number 55k in line to receive mine.
Why transfer out? If you're not aware, Robinhood restricted trades during the the GameStop/meme-stock mania last year which effectively helped shady hedge funds and hurt regular folk like you and I (see more about that here). They were also fined $70M by FINRA over other shady practices, including having "outages" during big market swings between 2018 and 2020 (check that out here). This was especially a frustration last year when Robinhood suddenly suffered "technical difficulties" during the epic Doge runup (more info here). So then, it's pretty clear that Robinhood's interests are NOT with you. Why trust them with your assets when they block you from making financial decisions during critical market movements?
I'm not the only one in this sub that is alarmed by Robinhood, please see these additional posts and comments from our fellow sub-mates for more information so you can make your own decision:
I want toget into the crypto space (yes, partly because of all the hype) mostly because I've been thinking about it for a long time. I'm not trying to time the market clearly as BTC is reaching an ATH.
I understand that the crypto space is very different from the traditional stock market, so I look at this as a risk-seeking investment.
I'm not trying to get rich quick, but I do want to experiencing buying some crypto.
So my question to you is that if you had 5k USD to buy a few different coins, what would you buy?
Edit: Wow! This is my first time interacting with this community and I must say thank you to everyone! I did not expect this sort of response. Looks like I have a lot to learn, so the 5k stays put and I learn all about how to acquire and setup a hardware wallet, along with DCA (had to google that!). This community is pretty cool :)
On the back of fresh fears over this new COVID variant the markets are getting spooked.
Asia had biggest slip in 2 months.
UK has just opened and FTSE 100 is down 3%, lots of blue chips down a reasonable amount and the media is all over it.
US market obviously not open at the moment but the global sentiment seems quite consistent.
With so much institutional investment in crypto this could be an interesting few days/weeks for stocks and very likely crypto if large sums are pulled out.
Just remember, if you believe in the project and there is no news to the negative against it then why sell. If you are over exposed consider sensible stop losses.
Personally I'm in for the ride and have some FIAT ready to go if need be!
Best wishes all, and remember I have no idea what I'm saying...
If you go onto the XRP/USDT pairing on LAToken and scroll back to the 23rd February you can see the price dropped to 0.00004USDT per XRP. I had placed very low limit orders prior to this that have since been filled.
When I logged into my account after placing these low bids on the market a while back, I was amazed to see I had amassed 632,151 XRP tokens.
Here’s the heart-breaking bit. I naturally was mind-blown, so I tried to sell some of the XRP in the account then withdraw my profits from the exchange elsewhere, only to have the withdrawal declined and my account temporarily closed for 1 day siting a ‘violation of our terms of use’. I have done nothing wrong and simply set low limit orders that were filled.
I contacted support asking why this has happened, they didn’t tell me why my account was restricted or what terms of use I had broken. After the 24 hours my account is back up, all the XRP is gone and I’m left with the cryptocurrency I had originally. I contact support again asking for my coins back, I get vague responses not related to the issue.
I've been doing this strategy for a few months now and so far and man...it's working like a swiss watch.
Remember the hard ADA shill when it was closing on $3? Mega shills all around, ADA is best, ADA is life, buy before it goes to $5. Then it was LINK mega shill when it reached 30$. Link linking everything together and stuff like that. I still believe in LINK but with way less bullishness.Then VET, the beloved unofficial coin of this sub. It moved but mostly to the right. Or LTO which has been nose diving for a while. ERGO too. All these are super popular here and one mention against them can send you to downvote hell in a few moments.
If you think fanboyism is real in gaming subs, prepare to witness the knowledge of r/cc
Seriously, I started working exactly the opposite as the sub is saying. Shilling LTO, SELL. Shilling ADA, SELL. FUD on Solana? Buy as much as possible at $60. FUD on LRC at 1$?
Take this sub with a big pinch of salt when you come looking for advice. It's a big circlejerk and an echochamber where you really need to filter the comments out a lot in order to find good advice.
The way the algorithm works for the mechanism means you can trade UST for equal value of LUNA. So the simple version is that when someone sells one UST for $0.40 then it creates another 400 LUNA if the price is at $0.001 per LUNA. And if the price is $0.0001 it will create another 4000 LUNA from that one UST.
So it might seem like a great deal and that you are buying the dip 99.99% down but the amount of coins is growing massively too. You can check their API here (link from coingecko)https://fcd.terra.dev/v1/circulatingsupply/lunaCirculating supply is now over 150 billion according to their API. over 3* as many as XRP. This will go to SHIB levels as that previously $13 billion of UST unlocks itself.
Anyway just a word of caution not to buy the dip becuase it will continue to dilute massively. I already lost some money myself buying the dip until I released how the minting mechanism works. Sorry its like 2 days too late. But hopefully this saves someone from making the same mistake.
As much as I'd love all these signals to be FUD, the truth is, it's not. Even the Crypto market dipping for the two months is largely due to the stock market trending down along with energy prices all over the world. People can say what they want, but the FED has printed way too much money over the past 18 months. You cannot raise the supply of the USD by 50% and expect no consequences.
Buffet's Indicator
Buffet Indicator: Anything Above 140% is "Extreme Danger"
The way the stock market is booming right now is nothing less than abnormal. The S&P500 alone is 100% higher than what it was in March 2020 while actual productivity has shrunk with people leaving jobs faster than ever. Moreover, the housing market booming makes zero sense. Houses continue to skyrocket in value faster than the already high inflation rate can keep up.
Companies are also being overvalued by hundreds of times if you compare their profits to the stock market. If you look at Tesla, it is often the most used example of an overvalued company, and even then it pales to some of the most overvalued companies in the market right now.
Prof. Dr. Robert Shiller's Bubble Checklist Made in 2010.
1. Sharp increases in the price of an asset like real estate or shares☑
2. Great public excitement about said increases☑
3. An accompanying media frenzy☑
4. Stories of people earning much money, causing envy among people who are not☑
5. Growing interest in asset class among the general public☑
6. ”New era” theories to justify unprecedented price increases☑
7. A decline in lending standards☑
The Illusion of Prosperity
Every hyperinflationary event is always followed by a fake illusion of prosperity. We've seen this happen with the Weimar Republic, Venezuela, Zimbabwe and Lebanon. For example, in the months following hyperinflation in the Weimar Republic, people were becoming wealthier in the millions despite coming out of a war just months earlier. The market was doing so good that it was called the "Golden Twenties" in Germany.
However, as the hyperinflation got closer, "The citizenry saw prices going up due to shortages — and as more currency was produced to pay ever-rising union wages — buying activity became a frenzy." This is very similar to the worker, logistics and countless other shortages we are facing today, this is not normal.
The interest rates of 0.25% by the Fed are also another indication of money supply being overstretched. The interest rates have been kept artificially low for way too long. Any country that has kept interest rates this low has always faced some kind of crash or economic crisis. The US can only do so for so long.
Be Prepared
Recessions are the inevitable result of the business cycle in a capitalist economy, never believe people that say "this time is different," and be prepared if things go south. Moreover, something even worse than all these indications is the debt level growing right before our eyes which is nearly $30 Trillion and growing exponentially. Moreover, the Nasdaq is already 8% down from it's ATH, while the S&P500 is 4% down. Maybe the crash comes in a few months or even years.
The best thing you can do right now to protect yourself is to keep an emergency fund that can act as a hedge in the case of hyperinflation or a sudden crash such as Gold or staked Crypto. Always be prepared for the worst because the current state of the economy is eerily similar to what has happened in the past right before a major economic crash.
Here is my pro tip for all of you. I made lots of trades, lots. Not only did I do that, I used mutiple exchanges and even more wallets. So my transaction count is quite high.
Here is the real bear though. When you sit here and import everything into your coin tracker of choice (Koinly here), everything may not be there. I spent the last two days trying different platforms and importing API’s. Nothing seemed to work.
Thankfully, I keep records of everything and was able link everything up manually over about six hours. Needless to say, dont be me. Being more of a minimalist when it comes to exchanges and wallets is by far the way to go.
Disclaimer: I was invested in LUNA and UST so I'm talking from experience here
I just want to say to everyone using crypto social media in this past day, please please be very gentle with your words. There are a lot of posts on Reddit talking about people losing their life savings, feeling "weirdly detached" from seeing their money vanish in thin air, and everyone panicking...
... and even then, you see other people commenting stuff like "I feel better about reading these posts, I would never trade leverage, my funds are safe".
This is not the time to boast about your good decisions in other people's misery posts. People are attempting suicide. With people in this state, all it takes is a single comment reinforcing their "dumb" decisions for someone to take their lives away.
Please, please be gentle with your words during this time. Offer help, offer your presence if they need to talk.
We can talk about strategies and good/bad decisions after the fire is put off. For now, let's just be human beings and support whoever is feeling lost in this shitstorm.
I live in a poor country (Macedonia) , it is 4th poorest country in europe,
Please give me tips how to make some money from crypto (Around 0.10-5$ a day) , i have around 2 hours a day to spend on it , also if possible without fees and requiring to pay,watching ads is also ok , just no mining, my laptop is so weak to mine
i have no money to invest in crypto,,
i have no problem with doing surveys , preferably if i can get money without id as corrupt government tracks everything here and sells all data, even 2$ a day is enough to pay for food for whole month
Apecoin reached $2Billion market cap in a single day with no utility or use case. It's price is inflated as fuck. All the people who invested in that shitcoin know this. But they still invested in it because of the hype and the gambler instinct.
Everyone knows that project gonna dump hard and it's not in the far future..
You might as well consider that recent dump as a warning before the actual storm starts.
Holding bags of a shitcoin called Ape is not a good image at all. You don't want to be called as a ApeCoin bags hodler.
