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 The prior exemption for karma and age requirements is no longer in effect.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: Beginner Resources Intro to r/Cryptocurrency MOONs 🌔 MOONs Wiki Page r/CryptoCurrency Discord r/CryptoCurrencyMemes Prior Daily Discussions - (Link fixed.) r/CryptoCurrencyMeta - Join in on all meta discussions regarding r/CryptoCurrency whether it be moon distributions or governance. 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. u/CryptoSkeptics — Posts the Monthly Skeptics Discussion threads. u/CryptoOptimists- — Posts the Monthly Optimists Discussion threads. u/CryptoNewsUpdates — Posts the Monthly News Summary threads. submitted by /u/AutoModerator [link] [Kommentare]
Hey guys, im trying to get into some Crypto, im from Germany but I dont want to use my current Main Bank for that since I heard they often lock your accounts if you send Money to Brokers. So I am looking for an Online Bank to use specifically to use for some regular online payments and sending money to my crypto broker, specifically Coinbase. My question is what Bank inside EU/Germany you would recommend for this. I took WISE and Revolut into consideration but dont know which one of the two is better for this, since WISE is more internationally supported to pay with in general additionally to sending money to my broker, but Revolut is EU licensed and all that. But im not really all too informed about either which is why im asking here. Hope anyone can help me out submitted by /u/SnooCauliflowers1640 [link] [Kommentare]
MSTR would have to bankrupt itself twice over to cross from 60k to 59k. 60k is simply the new bottom. It's like buying in at $0. I don't want to say "there's nowhere to go but up" because that's a meme, but effectively 60k is the bottom and it can only go up from there. People don't understand how substantial the support structure is at 60k. It would require insane massive amounts of liquidation by every major investment firm that holds it to ever reach 59k. You are seeing it trade at the equivalent of a fresh start. submitted by /u/_BreakingGood_ [link] [Kommentare]
There seems to be a lot of fear, uncertainty, and doubt (FUD) surrounding Bitcoin on social media right now. Maybe the algorithms are feeding it to me based on my interests, but I’m seeing bearish takes everywhere. Many of the charts being shared suggest we should expect a much deeper drawdown, often citing previous market cycles as evidence. Others argue that the decline will continue for months, again pointing to historical patterns. When I look at the data myself, however, I come away with a very different conclusion. For example, I pay attention to the weekly RSI chart. RSI is a momentum indicator that helps measure whether an asset is overbought or oversold. Looking back, there have only been a handful of times when Bitcoin's weekly RSI reached oversold levels. Each occurrence happened near the bottom of a major cycle, and each was followed by a significant recovery. Sometimes the rebound started almost immediately, while other times it took a few months. Regardless, it has historically been a strong signal that the worst of the decline was likely behind us. I also see many people pointing out that Bitcoin has “only” fallen around 50% from its previous high and arguing that it should drop much further because past bear markets experienced larger percentage declines. The problem with that comparison is that it ignores how Bitcoin’s volatility has steadily decreased over time. Bitcoin is a much larger and more mature asset today than it was in 2015 or even 2018. If the upside moves are becoming less extreme, why should we automatically assume the downside moves must match the percentage declines of prior cycles? To me, that logic doesn’t hold up. Then there are the trendline charts. Some of the lines I see being drawn seem completely arbitrary. In some cases, people are connecting only two points and treating the result as a meaningful trendline. Personally, I put much more weight on trendlines that have been tested multiple times. The chart I shared is the only major trendline I see that has been touched three separate times before the current price action. Based on the historical indicators I follow, I don’t see a compelling reason for panic regarding continued downside. In fact, I see several signals suggesting that we may be much closer to the bottom than many people realize. Of course, history repeats itself….until it doesn’t. Nothing is guaranteed. But based on what I’m seeing, I remain optimistic. submitted by /u/Kitchen_Net_GME [link] [Kommentare]
Kinda obvious. But its funny to always open this up and see some version of “yea its gone down a bunch but trust me actually a ton of people are investing right now its going great” submitted by /u/5nGlide [link] [Kommentare]
Everyone is so worried about JPM and Citi recently. Why though? They are expanding on the Ethereum network Straight from the source https://am.jpmorgan.com/us/en/asset-management/institutional/about-us/media/press-releases/jp-morgan-asset-management-launches-second-tokenized-fund-on-ethereum/ submitted by /u/Euro347 [link] [Kommentare]
I am a 21 year old trans man living in an abusive family in a restrictive country in Asia and I need money to move out. Crypto is the only way I can do so because - my parents are the kind of people who wouldnt allow me to get a job before finishing college. My parents forcibly ask me to show them my balance of my local bank but they don't know about my crypto bank. - there are no shelters if things between my parents escalate. - International banks like PayPal don't allow people in my country to open bank accounts. Bank accounts in my country can't transfer internationally so I had to resort to crypto. Sadly, I struggle to get commissions and I currently haven't gotten one yet. Most art subreddits don't allow people to use crypto as a payment so I had to resort to cryptocurrency only subreddits but I fail to get their attention. I tried using Bsky, deviantart, Discord and Tumblr to advertise my commissions but no one has paid me. I am planning to use that crypto from my commissions to convert it to fiat money for my escape. I need advice. submitted by /u/Carrotsandcucumbers [link] [Kommentare]