Crypto Megathread V15 - Where the hits keep on coming!

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Rob Battisti

Rob Battisti

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V14 - https://forums.sherdog.com/threads/...t-81000-problems-but-a-btc-ain’t-one.4189832/

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Disclaimer: This is a karate sub-forum. None of what your about to read should be taken as investment advice.

FAQs, Resources & Terminology:

New to Crypto? Welcome! In this thread, we discuss the world of Crypto, potential upcoming market changes and generally have a good time encouraging each other to make lot's of money.

Never take anything any of us say as financial advice. EVER.

Please.

Also, this is a very supportive community, no question is too noob to be asked. We are here to help!

Don't know where to start? Here is a good Youtube channel which covers most of the basics.

Finematics:

https://www.youtube.com/channel/UCh1ob28ceGdqohUnR7vBACA

Cryptocurrency A cryptocurrency (or “crypto”) is a digital currency that can be used to buy goods and services, but uses an online ledger with strong cryptography to secure online transactions.

Blockchain Blockchain is a system of recording information in a way that makes it difficult or impossible to change, hack, or cheat the system. A blockchain is essentially a digital ledger of transactions that is duplicated and distributed across the entire network of computer systems on the blockchain.



Smart Contract A smart contract is a self-executing contract with the terms of the agreement between buyer and seller being directly written into lines of code. The code and the agreements contained therein exist across a distributed, decentralized blockchain network. The code controls the execution, and transactions are trackable and irreversible.



What is Decentralized Fiance or DeFi?



What are Liquidity Pools?



What is Yield Farming?



HODL is a term derived from a misspelling of "hold" that refers to buy-and-hold strategies in the context of bitcoin and other cryptocurrencies.

Shitcoins refer to coins that are highly volatile, do not offer any substantial technological advantages and are unlikely to be traded in years to come.

ICO (Initial Coin Offering) An initial coin offering (ICO) is the cryptocurrency industry’s equivalent to an initial public offering (IPO). A company looking to raise money to create a new coin, app, or service launches an ICO as a way to raise funds

Stablecoin Stablecoins are cryptocurrencies designed to minimize the volatility of the price of the stablecoin, relative to some "stable" asset or basket of assets. A stablecoin can be pegged to a cryptocurrency, fiat money, or to exchange-traded commodities

APY - Annual Percentage Yield

Mooning or Moonbag Mooning refers to a coin shooting upwards at an alarmingly fast rate. Also can refer to a coin multiplying by a factor of 2x+ in the future. Moonbags are your holdings of a coin you believe will ‘moon’.

Staking - Simply put, staking is the act of locking cryptocurrency assets to receive rewards.
https://academy.binance.com/en/articles/what-is-staking

Do Your Own Research - As previously stated, nothing you read should be taken as serious investment advice. As such, do your own research! All of the gains you make can disappear just as quickly.

**NOTE** MOST OF THE "CRYPTO EXPERTS" ON YOUTUBE ARE GRIFTERS. DON'T BELIEVE THEM AT FACE VALUE!**

www.livecoinwatch.com — free web based platform to track your portfolio holdings. This is useful if you hold multiple coins over multiple wallets or exchanges. This is the site where you see us posting those boxes showing our holdings.

Exchanges: **note: all exchanges suck. The interfaces suck. The offerings are usually limiting and they will frustrate you**

Coinbase: One of the most widely used exchanges to serve basic crypto trading. Pros: it’s easy to get started, soon to be a publicly traded company and fairly intuitive interface. Cons: limited tradeable assets, KYC so you have to give identification to trade, limited yields

Voyager: Non-KYC exchange where you can buy more elusive, but popular coins such as VET.

Binance: another very popular exchange. If in the United States use Binance.US Pros: lots of listings, widely used and fairly intuitive Cons: foreign managed and lots of hoops to jump through to get started get started.

KuCoin: a platform where psychopaths somehow manage to trade for coins which have extremely high mooning potential.

Overview of Staking ETH: https://decrypt.co/68991/staking-re...eferral&utm_campaign=feed&utm_source=coinbase
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Rob Battisti said:
V14 - https://forums.sherdog.com/threads/...t-81000-problems-but-a-btc-ain’t-one.4189832/

--------------------------------------------------------------------------

Disclaimer: This is a karate sub-forum. None of what your about to read should be taken as investment advice.

FAQs, Resources & Terminology:

New to Crypto? Welcome! In this thread, we discuss the world of Crypto, potential upcoming market changes and generally have a good time encouraging each other to make lot's of money.

Never take anything any of us say as financial advice. EVER.

Please.

Also, this is a very supportive community, no question is too noob to be asked. We are here to help!

Don't know where to start? Here is a good Youtube channel which covers most of the basics.

Finematics:

https://www.youtube.com/channel/UCh1ob28ceGdqohUnR7vBACA

Cryptocurrency A cryptocurrency (or “crypto”) is a digital currency that can be used to buy goods and services, but uses an online ledger with strong cryptography to secure online transactions.

Blockchain Blockchain is a system of recording information in a way that makes it difficult or impossible to change, hack, or cheat the system. A blockchain is essentially a digital ledger of transactions that is duplicated and distributed across the entire network of computer systems on the blockchain.



Smart Contract A smart contract is a self-executing contract with the terms of the agreement between buyer and seller being directly written into lines of code. The code and the agreements contained therein exist across a distributed, decentralized blockchain network. The code controls the execution, and transactions are trackable and irreversible.



What is Decentralized Fiance or DeFi?



What are Liquidity Pools?



What is Yield Farming?



HODL is a term derived from a misspelling of "hold" that refers to buy-and-hold strategies in the context of bitcoin and other cryptocurrencies.

Shitcoins refer to coins that are highly volatile, do not offer any substantial technological advantages and are unlikely to be traded in years to come.

ICO (Initial Coin Offering) An initial coin offering (ICO) is the cryptocurrency industry’s equivalent to an initial public offering (IPO). A company looking to raise money to create a new coin, app, or service launches an ICO as a way to raise funds

Stablecoin Stablecoins are cryptocurrencies designed to minimize the volatility of the price of the stablecoin, relative to some "stable" asset or basket of assets. A stablecoin can be pegged to a cryptocurrency, fiat money, or to exchange-traded commodities

APY - Annual Percentage Yield

Mooning or Moonbag Mooning refers to a coin shooting upwards at an alarmingly fast rate. Also can refer to a coin multiplying by a factor of 2x+ in the future. Moonbags are your holdings of a coin you believe will ‘moon’.

Staking - Simply put, staking is the act of locking cryptocurrency assets to receive rewards.
https://academy.binance.com/en/articles/what-is-staking

Do Your Own Research - As previously stated, nothing you read should be taken as serious investment advice. As such, do your own research! All of the gains you make can disappear just as quickly.

**NOTE** MOST OF THE "CRYPTO EXPERTS" ON YOUTUBE ARE GRIFTERS. DON'T BELIEVE THEM AT FACE VALUE!**

www.livecoinwatch.com — free web based platform to track your portfolio holdings. This is useful if you hold multiple coins over multiple wallets or exchanges. This is the site where you see us posting those boxes showing our holdings.

Exchanges: **note: all exchanges suck. The interfaces suck. The offerings are usually limiting and they will frustrate you**

Coinbase: One of the most widely used exchanges to serve basic crypto trading. Pros: it’s easy to get started, soon to be a publicly traded company and fairly intuitive interface. Cons: limited tradeable assets, KYC so you have to give identification to trade, limited yields

Voyager: Non-KYC exchange where you can buy more elusive, but popular coins such as VET.

Binance: another very popular exchange. If in the United States use Binance.US Pros: lots of listings, widely used and fairly intuitive Cons: foreign managed and lots of hoops to jump through to get started get started.

KuCoin: a platform where psychopaths somehow manage to trade for coins which have extremely high mooning potential.

Overview of Staking ETH: https://decrypt.co/68991/staking-re...eferral&utm_campaign=feed&utm_source=coinbase
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Click to expand...

Here u go @Prefect meow u can go troll another thread
 
This is going to be very difficult for some of us. A new thread and the professor is nowhere to be seen.

I'm worried.
 
meauneau said:
This is going to be very difficult for some of us. A new thread and the professor is nowhere to be seen.

I'm worried.
Click to expand...
Oh shit. What do we do when we want to get some coins, but only a bit of it at a certain price as it goes drops. And if the price begins to climb really high, do we just hold it when it goes really high. What do we do!!!!

I suppose we could think of some sort of “scale up and scale down” thing.
 
BB in Crazy!!!! said:
Oh shit. What do we do when we want to get some coins, but only a bit of it at a certain price as it goes drops. And if the price begins to climb really high, do we just hold it when it goes really high. What do we do!!!!

I suppose we could think of some sort of “scale up and scale down” thing.
Click to expand...
Shit, I wish I could think of what to do in those situations...
 
Prefect said:
It has an inherent history, its physical, and people desire it for use. If there was a quick gold exchange, there would be no point of crypto. Currently, the only buzz about crypto is for speculation.
Click to expand...

So would you compare the usage of gold as being superior to Ethereum?

You can argue gold being being a better store of value than Bitcoin ... But the last time I checked, gold is terrible at creating smart contracts, non fungible tokens and dApps.
 
TeTe said:
So would you compare the usage of gold as being superior to Ethereum?

You can argue gold being being a better store of value than Bitcoin ... But the last time I checked, gold is terrible at creating smart contracts, non fungible tokens and dApps.
Click to expand...

You could easily setup a central system for gold exchanges that you do with crypto without using 0.5% of the world's electrical power to make digital tokens. The reason gold doesn't have a similar system is that currencies tend to be stable and there are entire digital banking systems already in place. Crypto ,in my opinion, is a solution to a problem that doesn't really exist. Crypto would have made more sense prior to the digitalization of currencies. No one has explained why cryptocurrency needs to exist. No one with wealth even stores their wealth in currency so inflation while under reported, its impact on not poor people is grossly overstated.
 
API3

BQ0Y.gif
 
Crypto Price Alert: Bitcoin And Ethereum ‘In Danger’ After Shock China Dump Warning

Bitcoin and cryptocurrency prices have struggled in recent weeks as a brutal crypto crackdown in China worsens (you can get ahead of the market here).

The bitcoin price crashed in May, losing 50% of its value, and has remained under pressure since. Meanwhile, ethereum, the second-largest cryptocurrency after bitcoin, has fallen by more than half, with ethereum price struggling to hold above $2,000 per ether token.

Now, after reports former bitcoin and ethereum miners in China have been dumping GPUs, suggesting at least some of the decommissioned Chinese mining capacity won't return, analysts have warned crypto prices are "in danger."
 
Bitcoin Banco Group Leader Arrested for $300M Crypto Fraud

Brazilian authorities arrested Claudio Oliveira, leader of the Bitcoin Banco group. Police arrested the self-proclaimed “Bitcoin King” in connection with a $300 million embezzlement scheme.

According to an official police press release, the arrest was made after a three-year investigation. The operation code-named Daemon involved over 90 federal police officers. Also, the investigation revealed that the group engaged in scams and theft. Notably, the police opened the investigation after the group suspended client withdrawals and reported that 7,000 BTC had gone missing.

In addition, the group filed for judicial recovery in an attempt to avoid filing for bankruptcy. However, authorities soon discovered that the group was not meeting its obligations under judicial recovery. Instead, the group was focusing on attracting new clients. Thus, the group was acting without registering or complying with Brazilian regulations.

Also, the investigation revealed that Oliveira had committed similar crimes in the US and possibly some European countries. The investigation also exposed some of the “Bitcoin King” accomplices. As such, apart from Oliveira the Brazilian police also made four temporary arrests, twenty-two searches, and several seizure warrants.

Prior to this, Brazil has been relatively crypto-friendly. In fact, the country launched the first South American crypto exchange-traded fund (ETF) earlier this year. The ETF is Bitcoin-based and on the Brazilian Stock Exchange B3.

However, the arrest comes at a time when world governments are tightening regulations for crypto business. So far, popular crypto exchange Binance has fallen victim to several complaints. Most recently, Thailand filed criminal charges against the exchange for operating in the Asian kingdom without a license.

Other countries that have flagged Binance for non-compliance include the Caymen Islands, the UK, Canada, and Japan.
 
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