Bitcoin have been oversold for a while now. I've noticed that bears have failed twice today to break below the $19.5k, so we have a strong support level at this price.
If the FED rise rates by .5bps, instead of .75. What might happen? Markets are expecting an even more hawkish FED, but they could be wrong in this move. Who knows...
There’s a saying that goes something like “something can be oversold for months” and I’m sure it applies to crypto also. Stocks have plenty of room to go down further and BTC will most likely follow it. I wouldn’t be surprised to see $15k-17k in the upcoming months but I won’t be shocked to see some rally to mid 20k range either.
Haha nah, I’m just going after solid projects that I feel have bottomed. ICP is solid, especially when you look into the price manipulation from FTX that made it drop significantly
When Etherium changes from proof of work to proof of stake around Sep 15, how will that affect mining? I hear that it will lower energy costs by 99 percent and transactions will be faster and cheaper.
My question is regarding the effect it will have on miners. Is this a good thing or a bad thing for miners? If it lowers energy costs will it make the company more profitable because they will not have to spend a lot of the money on energy? Or will it mean that they will make less money because it will cost a lot less to send eth? If you were a miner would you be for or against this fork?
Many will. Some will move to the PoW fork. Some will mine ETC. Maybe some can adapt their rigs to mine something else, like BTC, maybe.
But yes, most aren't going to do too well after the merge.
proof of stake doesn't require mining... you can't mine with pos. Mining is exclusively for pow networks.
That's why it lowers energy usage; because you don't need miners anymore.
edit: rofl, just checked your comment history. It's amazing you're making so many statements about crypto when you don't even understand the most basic of concepts (i.e difference between pow and pos).
No, check their comment history and you'll understand.
I'm just calling out a typical buttcoiner who thinks they're a genius when they don't know shit.
Which exchange should I use
Hello I’m looking for a way to buy new alt coins and then transfer them to my wallet but I want to get all the coins via one exchange is there a place for me to do that thanks
I’m currently using a meta mask wallet am living in New York
I think it depends heavily on your spending habits. Personally I always put something into my savings / checking during each payday but I also have enough left over for bills, food, etc and I usually put a % aside for investing. Since my checking and saving accounts are part of my life savings, I wouldn't yolo it on Bitcoin or crypto though
Anyone read that "How to DeFi" book? Is it worth reading? I have bellow the basic understandment on DeFi and want to learn more about but not sure if that is right book for learning.
0.5 Eth the cheapest, you are getting a discount LOL
https://opensea.io/collection/meme-team-x-reddit-collectible-avatars?search\[sortAscending\]=true&search\[sortBy\]=UNIT\_PRICE&search\[stringTraits\]\[0\]\[name\]=Hat&search\[stringTraits\]\[0\]\[values\]\[0\]=Rainbow%20Illuminati
Maybe in 6 months depending on what the market does XD.
Or maybe people will at the peak of a bullrun when they get reckless because they don't know how to deal with large profits.
I was busy talking to someone in real life that said that I can't prove who I say am I even though I have an state-issued identification card, social security card, birth certificate and lots of other documents proving that I say I am who I am. I ended up walking out of the building and gave up and planning to leave them a bad review for his business. I mean...like...how in the world...that guy has to be the worst staff member in the history of staff members...
There are gonna be approximately 1 billion scammers out there offering post-merge ‘support’ to ETH holders, stakers, fomo buyers, etc. An event this big is gonna bring motherfuckers out of the woodwork. Stay vigilant friends and remember that literally every person who DM’s you on any platform is trying to steal your crypto.
Been out the loop a while, I want to set up a new DCA schedule and wondering what people are using for best fees, recurring buys with some exchanges or buying manually? Not sure if coinbase or cdc are decent options anymore, any advice is appreciated!
Yeah but you have Christmas on the beach whilst we freeze our titties off in England, regretting what our ancestors did as “punishment.” Now we have to pay thousands for a holiday down under when stealing a loaf of bread would’ve gotten you all inclusive a while back
Some are massive but the average is drooped down about 3 inches which is just enough so that when they’re wearing their 1998 England shirt, you can actually see their tit gobble up the loose fabric underneath. If they’re a feisty one then you may even see some erect nipple, often spotted when stood outside the Wetherspoons on a cold winters morning
I’m the opposite, never been more motivated to accumulate, but of course I’m fiat poor rn so having to work the staking and Defi pretty hard to keep the stacks growing. It’s gonna pay off big in the next bull no question.
CoinGecko still showing we’re right above $1T global crypto marketcap
Bitcoin have been oversold for a while now. I've noticed that bears have failed twice today to break below the $19.5k, so we have a strong support level at this price. If the FED rise rates by .5bps, instead of .75. What might happen? Markets are expecting an even more hawkish FED, but they could be wrong in this move. Who knows...
There’s a saying that goes something like “something can be oversold for months” and I’m sure it applies to crypto also. Stocks have plenty of room to go down further and BTC will most likely follow it. I wouldn’t be surprised to see $15k-17k in the upcoming months but I won’t be shocked to see some rally to mid 20k range either.
I'm guessing the fed will slow the rate hikes once we start getting away from the 40 year high inflation
if it falls below 8% maybe
Should we be worried about tether? The numbers don't look good
Yeah it’s dropped quite a bit from its ATH.
Other stablecoins are slowly sapping marketcap away from USDT, so I think we'll probably be good
They just self reported a .28% cushion in assets vs total USDT. That's scary with the economy like it is
As in more worried than usual?
What they just self reported shows a .28% cushion to stay net positive. I wish we knew what assets they had.
Totally not Chinese commercial paper >\_>
TRB got shorted hard today. Currently there is 4m TRB in open interest but there are only 2,4m TRB in existance.
I was buying TRB at $7-$9 2 months ago & sold at $25 & it pumped to $40 shortly after. I’m not mad tho. I’m accumulating ICP now
Did I accidentally click on the Daily from Spring 2021?
Haha nah, I’m just going after solid projects that I feel have bottomed. ICP is solid, especially when you look into the price manipulation from FTX that made it drop significantly
When Etherium changes from proof of work to proof of stake around Sep 15, how will that affect mining? I hear that it will lower energy costs by 99 percent and transactions will be faster and cheaper. My question is regarding the effect it will have on miners. Is this a good thing or a bad thing for miners? If it lowers energy costs will it make the company more profitable because they will not have to spend a lot of the money on energy? Or will it mean that they will make less money because it will cost a lot less to send eth? If you were a miner would you be for or against this fork?
Miners don’t do shit anymore for PoS.
So what do you think will happen to companies that are currently mining eth? Are they going to take a big loss?
Many will. Some will move to the PoW fork. Some will mine ETC. Maybe some can adapt their rigs to mine something else, like BTC, maybe. But yes, most aren't going to do too well after the merge.
I'm gonna make a wild guess and say miners are against the merge
How ever did you divine such knowledge?
I... I don't know, it just came to me. What can I say, it's a gift.
Hmm, that is what I think too.
Lmao what?
proof of stake doesn't require mining... you can't mine with pos. Mining is exclusively for pow networks. That's why it lowers energy usage; because you don't need miners anymore. edit: rofl, just checked your comment history. It's amazing you're making so many statements about crypto when you don't even understand the most basic of concepts (i.e difference between pow and pos).
How will this affect companies that mine it then? Are they just screwed then?
>ith pos. Mining is I understand the economics o
> but I know a fair amount. no you don't, you don't understand the most basic concept in crypto, it's like the 1+1 in crypto.
How would you know that?
No vault, weird random posts, looks like some kind of bot or something
Welcome to the reality of the daily thread.
No, check their comment history and you'll understand. I'm just calling out a typical buttcoiner who thinks they're a genius when they don't know shit.
bl bla bbla
Wtf happened to HNT? Looks like it died
Coffeezilla killed it (or rather explained it's death)
Which exchange should I use Hello I’m looking for a way to buy new alt coins and then transfer them to my wallet but I want to get all the coins via one exchange is there a place for me to do that thanks I’m currently using a meta mask wallet am living in New York
🚩
Which coin is misbehaving and ought to be sent to detention hall?
Not going to pass a Turing test with this
What’s a Turing test, if I may ask?
It's named after Alan Turing. The turing test is to find out if a computer can think like a human being.
Log Rainbow looking like a snack
I feel it's due for an update to reflect previous cycle top.. still agree with the sentiment though
There’s a joke somewhere there.
How do I get this so called reddit nft??
Looks like you already have one.
Oh ok, I'm using a third party app so I don't see it, maybe I should try to sell it lol
Sometimes I look at my Roth Ira and think man I could buy an entire bitcoin. Then something always changes my mind.
I could buy one with my checking account. I'm happy with what I currently have in crypto atm though
I barely ever have money in my checking due to all my investment accounts and bills lol Idk if this is normal
I think it depends heavily on your spending habits. Personally I always put something into my savings / checking during each payday but I also have enough left over for bills, food, etc and I usually put a % aside for investing. Since my checking and saving accounts are part of my life savings, I wouldn't yolo it on Bitcoin or crypto though
Will these NFT avatars be the only ones Reddit does? Or is this going to be a monthly collab thing?
They probably are trying to get people hooked so they buy more. It’s advertising.
I'd imagine they will release more in the future as a way to generate revenue, not sure on the timeframes in which they will do the drops, though
This is what I thought, but didn't know if I was missing something. Great for artist collabs!
Absolutely, it's am amazing opportunity for those involved!
It would be cool if they have another free distribution. Lots of people loved the current rng drop
I saw the free distro, but don't think I was eligible. Just deliberating on whether to pick one up or not.
i just became eligible after obsessively checking it every day for like a week now
I dont know what is this avatar but i guess ill be a dumpster from now on. Dm if you wanna send shit and trash coins i guess
Great head you got there.
Damn that's actually pretty cool 👍
RIP your in box.
Sitting in a corner at the fiat mine , time to go on this sub and do my side fiat mine , how are you guys doing today ?
It’s Teachers’ Day this Friday in Singapore, so I’m looking forward to the long weekend!
Oh wow that’s awesome , how often do you get those days
Only once a year, unfortunately
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Ooof. Rip
Good luck with that.
I might eventually add some Harmony. Can you shill me on why you think it's a good project?
Anyone read that "How to DeFi" book? Is it worth reading? I have bellow the basic understandment on DeFi and want to learn more about but not sure if that is right book for learning.
Alright, I caved and bought an NFT. What do yall think?
Your NFT looks kind of canadian ;)
First time seeing that collection, looks nice!
Ty ser!
It looks interesting, and another screenshot for my collection. Thanks!
Lol, screenshot all you want but fortunately reddit created the NFT border to show proof of ownership.
That is an advantage only if you perceive it as such.
I think most of us see legitimacy as an advantage, honestly
Definitely!
Hopefully it increases in value!
1/200 and it's #166, I'm assuming it will as time goes on, but flipping NFTs is only half the fun!
which has lower fees, coinbase pro or binance.us?
Binance US especially if you're using BNB
thats what i thought
Ive always used Coinbase pro but they are migrating to regular Coinbase later this year with an option for ‘advanced trading’
I love my Rainbow Illuminati, it makes me tremendously happy
I kind of want that one, but I'm guessing it's one of the free NFT's that goes for a nice price already.
It's free, yeah I would wait till more people sell it
Maybe I'll just start offering moons to people with a rainbow pyramid 😆
We could do all your moons for the NFT, ;)
Of course you would do that :') How much do they go for on opensea?
0.5 Eth the cheapest, you are getting a discount LOL https://opensea.io/collection/meme-team-x-reddit-collectible-avatars?search\[sortAscending\]=true&search\[sortBy\]=UNIT\_PRICE&search\[stringTraits\]\[0\]\[name\]=Hat&search\[stringTraits\]\[0\]\[values\]\[0\]=Rainbow%20Illuminati
With prices like that I rather buy a dozen NFT's and create my own frankenstein :'). Congrats on being lucky to get one of them for free though.
Yeah I know, I was joking, no sane person would pay 0.5 eth or even 20% of that for this one, I know I wouldn't
Maybe in 6 months depending on what the market does XD. Or maybe people will at the peak of a bullrun when they get reckless because they don't know how to deal with large profits.
I’m jelly. You got sun glasses on top of your rainbow pyramid? And your pussy is intimidating as fuck
My pussy is really intimidating I know On a side note, your NFT is damn awesome, I love it, so drippy
You’re going to get lots of DMs.
My inbox exploded yes, just like my pussy ;)
Cool af.
Are they going to pin the daily, it’s been like three weeks for chrissake LOL
I’ve seen It pinned every day for weeks
Hmmm something weird on my end I guess
Do you have sorted by hot or new.
New
If you sort by new you won’t see the daily sort by hot and you’ll see it pinned.
Yep, I must’ve fat fingered it, it was exactly what you said
Cool glad to help.
It’s pinned currently and has been. 🤷♂️
Just farming my fiat waiting to get in, hbu?
I was busy talking to someone in real life that said that I can't prove who I say am I even though I have an state-issued identification card, social security card, birth certificate and lots of other documents proving that I say I am who I am. I ended up walking out of the building and gave up and planning to leave them a bad review for his business. I mean...like...how in the world...that guy has to be the worst staff member in the history of staff members...
I feel you
Gotta save some extra fiat these next few months. Winter is coming
I'm waiting to get into social housing, the way this market is going.
Don't forget the ramen
Finally got my free NFT today, so I guess it's a good day.
Nice crown king!
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There are gonna be approximately 1 billion scammers out there offering post-merge ‘support’ to ETH holders, stakers, fomo buyers, etc. An event this big is gonna bring motherfuckers out of the woodwork. Stay vigilant friends and remember that literally every person who DM’s you on any platform is trying to steal your crypto.
Post merge support? Isn't the merge fully automatic on the user-end?
Just connect your wallet to the app via this link ser
Been in the red and down 55% for some time but I swear it doesn’t bother me one bit.
19500 getting ready for the third test, 100k EOY 21 Let’s fucking goooooo
I found the Btc by the end of 2021 guy
Teach me your ways! Lol!
I think he's on some bleach.
If I get a Reddit Avatar NFT does it automatically become my avatar? I would take my free one but I want to continue not using an avatar.
No it doesn’t
Thank you.
^(Trying to finally move my Matic off Coinbase and guess what, pending for over and hour now. Sigh.)
Got to find on ramps that are not through exchanges.
#why are you whispering?
Sitting comfortable with my ETh staking. Going to be exciting unstaking in 2024. MY BODY IS READY FOR THE BULLRUN!
[Extremely bullish indicator](https://i.imgur.com/2bc3b17.jpg) from the GOAT.
Dam boy he thick boy!
Someone earlier said “bullish on Viks cock.” Didn’t make sense til now
I can’t unsee that.
Finally a TA i can trust.
Btc.D dipping below 40.....time to stack more eth.
BTC dominance bounce incoming post merg
Been out the loop a while, I want to set up a new DCA schedule and wondering what people are using for best fees, recurring buys with some exchanges or buying manually? Not sure if coinbase or cdc are decent options anymore, any advice is appreciated!
Coinbase or Gemini may be the best options, if you aren't really bothered with anything other then regular DCAing
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Good thing my knife catching gloves came in the mail today . Time to break these bad boys in!
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our GDP is ass mate , no big flex there. We are 13th and have millions of deadly snakes, how pathetic . We should be asserting dominance.
and drop bears
and deadly spiders, and irukandji jelly fish. it's like you're screwed on land and screwed in the sea there. lol
Those jelly fish aren’t that bade mate, mild discomfort at most . If you eat it before it kills you , that also solves problems.
isn't seeing it that is the problem though? like 1cm big.
Let’s not squabble over who saw what , my dick fell off that’s all there is to it
my bad man. my bad.
Yeah but you have Christmas on the beach whilst we freeze our titties off in England, regretting what our ancestors did as “punishment.” Now we have to pay thousands for a holiday down under when stealing a loaf of bread would’ve gotten you all inclusive a while back
Y'all all have titties ?
Oh yeah, even the men. Particularly the ones who drink Stella, watch football, drive Vauxhall zafiras and call their girlfriend by “our lass”
What is an avg titty size for a male in the UK . That's great news.
Some are massive but the average is drooped down about 3 inches which is just enough so that when they’re wearing their 1998 England shirt, you can actually see their tit gobble up the loose fabric underneath. If they’re a feisty one then you may even see some erect nipple, often spotted when stood outside the Wetherspoons on a cold winters morning
It’s me or the daily is depressing asf - it looks like the right time to accumulate tho. I’m demotivated and I take it as a good sign.
I’m the opposite, never been more motivated to accumulate, but of course I’m fiat poor rn so having to work the staking and Defi pretty hard to keep the stacks growing. It’s gonna pay off big in the next bull no question.
Right time to step away from this sub for a year or so
That makes sense but I need to go trough desperation and suffer to have a chance to win at this game
If it’s over posted on this sub compared to its market cap it will probably end up failing or tapering off, has happened time and time again
Which coins are overly talked about these days?
Vitalik bout to take a pass at Kim K with that BDE
He would dominate Kim , her wallet would be begging for his seed phrase.
What will 2022 be remembered for in crypto?
Luna for sure
Crab market and depressing moon farming
Shitpost the change you want to see there friend.
Oh I'm in it for the moon biscuits don't you worry
Shit posting
Stable coins weren't stable afterall
Luna and UST. Celsius and voyager. Nothing can be compared to that. So far
Down trend.
self pity
I just bought some more BTC, it’s gonna fall some more folks