/r/CryptoCurrency

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    0

    Would it be safer

    When you create a hot wallet on metamask you get an address and a seed phrase. You can create more account attached to that same seed phrase but with different addresses.

    Now let's say somehow your seed leaked, whomever got it will likely open the account and see the first and original address.

    What if someone just keeps a tiny amount on the first account and then whatever they wanna use on the second that won't automatically open in case someone imports their seedphrase.

    Of course your way vulnerable but maybe they wouldn't notice and you'd potentially have an opportunity to transfer it out to an uncompromised wallet.

    Or is there a way to automatically list all accounts generated by that seedphrase?

    18 Comments
    2024/04/15
    01:46 UTC

    0

    What is Arbius?

    8 Comments
    2024/04/15
    00:19 UTC

    33

    Daily Crypto Discussion - April 15, 2024 (GMT+0)

    Welcome to the Daily Crypto Discussion thread. Please read the disclaimer and rules before participating.


     

    ###Disclaimer:

    Consider all information posted here with several liberal heaps of salt, and always cross check any information you may read on this thread with known sources. Any trade information posted in this open thread may be highly misleading, and could be an attempt to manipulate new readers by known "pump and dump (PnD) groups" for their own profit. BEWARE of such practices and exercise utmost caution before acting on any trade tip mentioned here.

    Please be careful about what information you share and the actions you take. Do not share the amounts of your portfolios (why not just share percentage?). Do not share your private keys or wallet seed. Use strong, non-SMS 2FA if possible. Beware of scammers and be smart. Do not invest more than you can afford to lose, and do not fall for pyramid schemes, promises of unrealistic returns (get-rich-quick schemes), and other common scams.


     

    ###Rules:

    • All sub rules apply in this thread. The prior exemption for karma and age requirements is no longer in effect.
    • Discussion topics must be related to cryptocurrency.
    • Behave with civility and politeness. Do not use offensive, racist or homophobic language.
    • Comments will be sorted by newest first.

     

    ###Useful Links:


     

    Finding Other Discussion Threads

    Follow a mod account below to be notified in your home feed when the latest r/CC discussion thread of your interest is posted.

    • u/CryptoDaily- — Posts the Daily Crypto Discussion threads.

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    • u/CryptoNewsUpdates — Posts the Monthly News Summary threads.

    154 Comments
    2024/04/15
    00:01 UTC

    1

    Transferring USDT out of Binance.US - Need help

    Need some help, please.

    I sold ETH at ATH and have $20k+ in binance.US ( I bought the ETH a long time ago, and did not check up on it till too late, found out I cannot transfer US currency).

    Opened up a coinbase wallet and transferred $50 of USDT, then found out I was charged $25 USDT for the transfer. Then found out through googling, binance is expensive when doing USDT transfers. Tried XLM, but binance only lets me buy 200 of USDT at a time.

    Please, tell me if there's a better, cheaper alternative than paying these ridiculous USDT transfer fees, or buying 200 USDT a time of XLM

    8 Comments
    2024/04/14
    21:19 UTC

    5

    MEXC now requiring KYC on all accounts?

    Just got an email saying KYC will now be required, or else my account will be closed in June. Anyone know if MEXC is now requiring KYC for all accounts?

    Which would be unfortunate, although I know that people have mixed opinions on MEXC. Trying to fill out the 500 character count, not seeing any indication of how many characters in my post so I'm hoping this qualifies.

    Third try posting. Googling it I haven't found any information on it, could just be tied to the IP address/country I've been in - but I'm wondering if anyone else has had this same email or issue. Haven't seen an announcement on it, so

    10 Comments
    2024/04/14
    18:48 UTC

    33

    Project Apollo for Moons is in 9 days

    We've started a movement on the MOON sub r/CryptoCurrencyMoons to get the broader crypto community to talk about Moons. Project Apollo is a community-driven virality program intended to get our beloved MOON trending on X by blitzing Crypto Twitter in a small window of time during the next full moon.

    To accomplish our goal we will be scheduling tweets spread over a couple minutes when this countdown expires on April 23rd or 24th, depending on where you live. For example one tweet every minute from 8:30 PM to 8:35 PM PDT. A lot of us are from Europe so it'll be the middle of the night for us, but this is solved by scheduling tweets. You don’t need to be a premium member to schedule tweets.

    Time in your time zone: https://www.timebie.com/std/pacificdaylight.php?q=20.5

    Note that if you're from Europe, it will be April 24th in the early AM.

    Here's how to schedule tweets:

    1. Go to twitter.com/x.com on a (mobile) browser - not the app
    2. Click "Post" to compose a new tweet
    3. Write your tweet and include mentions of our ticker $MOON, hashtags #MOONArmy, #ProjectApollo and #CCMoons
    4. Click the calendar icon and schedule the tweet exactly when this countdown expires so we all tweet at the same time (for your first one; the next one should be at least 1 minute later)
    5. Click "Confirm"
    6. Repeat these steps for all the tweets you want to make (with different messages each time)

    For the blitz to succeed, all tweets must include $MOON, #MOONArmy, #CCMoons, #ProjectApollo and a message about Moons.

    As discussed in the original post, all coin eruptions happen on Twitter. I don't like Twitter either but that is just a fact. We need a coordinated effort in a very short period of time to go trending/viral, so we can be an established name in the space and onboard new community members. We'll use the full Moon, which people will already be talking about, as an orbital slingshot to trend our keywords.

    On April 23rd, around the time of the full moon (depending on where you live) and according to this countdown, we will raid CT to flood the timeline with tweets about $MOON, our hashtags, promo material, Twitter Spaces and more. But it all needs to happen in a window of a few minutes when the countdown expires.

    If you’re in comment “I’m in”, set a RemindMe and join the ride to the MOON. It is our time.

    42 Comments
    2024/04/14
    19:29 UTC

    127

    Why no coverage of Kraken outage today 2024-04-14?

    Everyone on this subreddit praises Kraken. Hell, I am a Kraken user and I've praised Kraken myself. Today they were down for multiple hours. Their status page cites "Connectivity issues", but from other reports it appears like it was complete downtime and no one was able to connect or do anything. Even Coingecko dropped Kraken from the top exchanges list because there was no trading activity for so long. I don't see a single comment here. Does anyone know what is going on?

    Is Kraken just slowly becoming less relevant where outages aren't newsworthy? Is Kraken involved with censoring criticism from this sub? I get the impression that it might be a little of both.

    66 Comments
    2024/04/14
    18:35 UTC

    18

    Sending money to someone

    I love crypto, but i am mostly an holder and i never took profit till now. I imagine i will turn my crypto gain into USDC than dollars, then send it to my bank account when the moment will feel good, but i'm really ignorant when it comes to the remaining ways to withdraw money in national currency.

    Anyway, a good friend of mine is always sending money to some members of his family in differents countrys. It's just little sum like 100/400 dollars, but regulary. Banks, western U, always come with some fees and he always complain. I want to make his life easier. I know there are some card from coinbase or others, but i am ignorant. If he send some crypto in order for his family change it in their national currency in Africa or Europe, what is possible for him ? Are these events taxable for him or his family ?

    21 Comments
    2024/04/14
    17:30 UTC

    0

    My strategy is a little like my planning for an international flight at the moment. My bag is packed, I’m thinking I can’t, don’t want to put any more into it. Yet I’ve still to pack my makeup bag and my toiletries.

    I’ve been anticipating a good dip for a while, and I’ve really expected two of them, one before halving (until yesterday I thought, it’s not going to happen). Then of course, one post halving, which is a 50/50 bet as to whether it drops below pre-halving levels.

    However, I’m still planning for this trip and now seriously thinking about paying the $100 to take a second bag. Or perhaps squeeze a few other things into the one bag, it can’t help can it??

    I think I’ve thought of everything, books, suntan oil, etc. but I don’t have know I have a history of forgetting something!! So, I’ve completed my list and keep ticking them off over this last 60 months.

    I’m excited about this trip, and really looking forward to it, selling off will be my equivalent of lying on a sun bed. Surrounded by calm lovely blue waters lapping gently on the beautiful beach, while sipping my mojito, feeling good in my new swimsuit 🩱.

    I’ve planned this trip of a lifetime for quite a while now and virtually everything is in place. Except going to the airport and deciding finally; how many bags! I certainly hope I don’t miss my plane, need to strategize carefully on how early do I need to be there before departure time 🤔. I, of course, don’t want to waste to much of my time in the airport before departure for sure!

    22 Comments
    2024/04/14
    15:02 UTC

    67

    How do you DCA out?

    Obviously DCA into the market is the most straightforward and easy way to get into a position. But I feel that DCA out is rarely talked about in here (selling is unpopular to some I know).

    Once you're in a position, how do you take profits? DCA -ing out is likely the optimal approach since market timing is challenging - but how much do you sell off each time? Do you pull out 2%? 5%? At what intervals? How do you know it's time to start?

    This is primarily for those aiming to take profits (no disrespect to our steadfast HODLers – you have my admiration and support). What profit-taking strategy do you employ when DCA-ing out?

    80 Comments
    2024/04/14
    14:32 UTC

    0

    Why aren't you using crypto as cash?

    What properties would a cryptocurrency have to have in order for you to consider using that instead of, e.g., USD? What are the barriers to using crypto in this way today?

    Optional background info:

    I am currently in the period of coming up with my thesis topic in economics and finance. One of my id eas was a discussion on what properties would a decentralised currency need to have in order to be mass-adopted and perhaps replace centrally managed currencies.

    I probably go deeper in the obvious areas that block the adoption:

    • volatility
    • perception of crypto as an investment (disincentivising spending)
    • trustworthiness
    • unfavourable future for current financial institutions
    • etc.

    I am therefore currently interested in the views on this topic so that I can form a general idea about the probable consensus.

    Thanks!

    108 Comments
    2024/04/14
    11:53 UTC

    0

    The future potential of techno-barter in relation to monetary economics.

    Before i start this topic, i shall need to disclaim that i know i should tread lightly here. I have always been extremely interested throughout my life in theoretical economics, especially alternative and non-monetary economics. It would be hard to briefly explain the way i think, for anyone who knows the zeitgeist movement lets say that there are a number of similarities to it. Things like Resource based economics, even when its not necessarily the most worked out concept, has inspired me in what regards matters of how contemporary economics work and especially what regards "economic efficiency" within monetary systems. Either way, i do not necessarily expect the community to disagree on the notion that contemporary monetary policy's of nations have a lot to be critical about. It would as such atleast likely for this community be considered that cryptocurrency is exactly something that deviates from state controlled currency and that this might be "at the crux of a solution", whereas my larger interest and critique to the system is that currency is being used to such a degree to begin with for economic exchange, and that not using money at all is "at the crux of the solution".

    In the past, i had to explain in difficult lengths how even a complex modern economic system of goods exchange could work with ought money, because money facilitates easier exchange of goods as opposed the most common understood alternative of it which is classical barter. Techno-barter however, as a concept, is a form of modernized barter that can lift the limitations that classical barter had on exchange and which historically made humanity move to monetary systems atleast in many country's that would later dominate, notably the west.Picture it as a large IT based trading network, a marketplace for goods where combinations can be made of "exchange in parts" and "exchange via multiple actors at multiple locations" The point is that modern information technology allows for a far far more powerful and useful variant of barter, which thus we can call "techno barter", and thus this can exist as an alternative of exchange.

    And notably as it evolves it might come to compete with other forms of exchange. Indeed, whereas i see that it starts to get some life in an embryotic phase as is, i expect that there will be quite some evolution in it in the decades to come. And so while this is "very much speculative", crypto often is just of that nature too, with many people investing in it because the perceive it as "the inevitable future". I'm just not so sure about it, because in a future where forms of non monetary systems of exhange like techno barter could rise, perhaps even they could become so usefull and popular that one day they might dominate and drive any form of currency to lower use.

    Perhaps the reason why im a bit careful with this topic is that it does not necessarily spell out anything positive for the future of crypto, au contraire perhaps, and that from another perspective it's a very complex matter of discussion especially with contemporary society's and their politics in mind. Some would say "money is power", and perhaps even those who crave power would not cherish the thought of moneyless systems of exchange dominating society as opposed to those monetary systems upon which they have control.

    0 Comments
    2024/04/14
    11:30 UTC

    0

    The market dumped, here's why!

    1. The ‘To the Moon’ mission got postponed, due to unforeseen market gravity.
    2. Someone said ‘blockchain’ three times in a mirror, and the market spooked itself.
    3. Crypto conferences turned into support groups, with everyone asking, “But why?”
    4. Tech stocks dropped, and cryptos got sympathy pains. It’s like catching a virus from your (un)correlated asset.
    5. Uniswap got a Wells notice from the SEC, and the market reacted like it saw a ghost.
    6. Bitcoin decided to take a dive – maybe it’s training for the crypto Olympics?
    7. Ethereum slipped 9%, proving again, for 420x time that it's not the last time to buy it under 4k.
    8. Dogecoin plunged 14.2%, which is ruff, even for a coin wif a dog on it.
    9. Inflation was hotter than a meme coin’s hype, causing interest rates to soar like a rocket – but without the SpaceX safe landing.
    10. Investors took profits at the peak, treating the market like a game of musical chairs – and the music stopped.
    11. Meme coins were hit hard, showing that internet jokes might not be the best investment strategy.
    12. Solana was on a rollercoaster, going up and down faster than your stomach can handle.
    13. The market just needed a weekend break – even cryptocurrencies need that 4/20 halving break.
    14. Whales moved markets, maybe they were just showing off their swimming skills.
    15. Stablecoins got a bit wobbly, seems like they forgot how to ‘stable’.
    16. NFTs suddenly weren’t everyone’s new best friend, it’s like high school all over again.
    17. Decentralized finance (DeFi) platforms had a ‘defi-cult’ day, and the irony wasn’t lost on anyone.
    18. Crypto influencers went silent, maybe they ran out of hashtags?
    19. Mining for Bitcoin became harder than actual mining, pickaxes were considered as an alternative.
    20. And finally, the market realized it was almost Friday the 13th, and decided to play a prank on all of us.

    TL;DR: The road to 100k intact moonbois!

    28 Comments
    2024/04/14
    08:29 UTC

    116

    An asset recovery company called Drumcliffe is attempting to write it's own laws to take crypto!

    This seems like a hell of a story! Supposedly this company drafted it's own law in the Cook Islands that if passed would make it "legal" for them to hack into computers around the world, monitor them and even install malware and then take crypto which they would then convert into cash and deposit it in a Cook Islands account. Supposedly this company has some links to the deep sea mining industry in the Cook Islands too... read into that what you will.

    This is wild if true!

    https://www.1news.co.nz/2024/04/14/spy-film-type-thing-alarm-grows-over-cook-islands-cryptocurrency-bill/

    80 Comments
    2024/04/14
    07:28 UTC

    435

    Those who were around during 2017 or perhaps even 2013, why aren't you a multi millionaire?

    There seems to be this sentiment in crypto that people are sure BTC will go parabolic some time after the halving and then alts will follow and sure enough this has happened during each cycle.

    Assuming you got into crypto from hearing about the hype during one of these cycles as most people do and made the typical mistakes of buying high and selling low during your first bull run because you got in a bit too late. Now knowing that the cycle will repeat in 4 years' time, what factors prevented you from going all in on the next cycle and making bank?

    Was it fear that the previous cycle's price action would not repeat in the next cycle? Or did you make other mistakes that prevented you from making huge gains?

    EDIT: Okay so a lot of the responses seem to suggest not enough starting capital which is fair enough so I'll rephrase the question. Knowing how the cycles played out, if you weren't able to at least 5-10x your investment during each bull run after your first one, what happened?

    991 Comments
    2024/04/14
    06:20 UTC

    0

    Any non-scam ways to make money off of cryptocurrency seminars?

    I live in a rural area and the community here is interested in learning about crypto. So I'm thinking of doing a seminar for them, but would like to come up with a way to make some money off it. I wouldn't want to charge them for the seminar itself since it's purely educational.

    But is there some way to make money off it? I was thinking maybe a wallet or exchange that offers a referral program, but it would need to be one worth referring people to. I don't want to do anything underhanded or scammy in any way.

    4 Comments
    2024/04/13
    13:47 UTC

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