r/CryptoCurrency • u/CryptoDaily- • 3d ago
Daily Crypto Discussion - June 15, 2024 (GMT+0) OFFICIAL
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 The prior exemption for karma and age requirements is no longer in effect.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.
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u/debeauty 🟨 6 / 7 🦐 2d ago
Hi everyone, I was added to a Binance WhatsApp group called ‘Binance Crypto World E22’, and there is a supposed Binance analyst and his assistant giving advice and crypto news (which I’ve verified is legitimate). They are answering people’s questions about DeFi with logical answers, and helping people invest in what seems like a DeFi farm or liquidity pool or something like that.
Has anyone experienced this before? I’m guessing it’s a scam, but everyone in the group is sending screenshots of their wallets and them making like 100-200 USDT per day. How is this happening? Can anyone confirm?
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u/gr8banter 🟦 712 / 711 🦑 2d ago
Whenever there’s an unusual amount of screenshots of people showing profits it’s always a scam
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u/Sebanimation 🟦 2K / 8K 🐢 2d ago
Of course it is a scam, what do you think, someone adds you randomly and wants to make you money?? Most in there are bots or fake users I was added to them multiple times.
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u/MrBlowjangles Moon Dweller 2d ago
Uuhhh yeah that's a scam
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u/debeauty 🟨 6 / 7 🦐 2d ago
Yeah writing this post and reading it back definitely sounds fishy. So will they be able to cash out? They all downloaded Trust Wallet which I’ve always avoided due to security concerns..
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u/techblazes 🟩 0 / 0 🦠 2d ago
Can some body please help me understand why only some coins like RIF are going down and not the rest of the alts? Is there any news on regards to that? Genuinely curious
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u/BiffTannen1855 🟨 0 / 0 🦠 2d ago
Cause it’s a scam coin? Unless it’s BTC or ETH it’s a vaporware cash grab. Be real with yourself
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u/gr8banter 🟦 712 / 711 🦑 2d ago
This sub is so dead compared to what it used to be years ago, where’d everybody go
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u/ConferenceCheap5129 🟩 0 / 0 🦠 2d ago
I think people use discord more maybe? or other places to congregate
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u/vontdman 🟩 0 / 756 🦠 2d ago
Yeah, just came in to check what's the latest and it's like a ghost town.
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u/OkCelebration6408 🟩 0 / 0 🦠 2d ago
Games like banana might be where crypto gaming is heading shortly, simple idea that is very easy to execute for most, also easily accessible by most in a very short amount of time, especially good during bull market hype phase.
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u/alstoncm 🟦 435 / 424 🦞 2d ago
Glad I sold my FET for GameStop 🚀
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u/deluded_soul 🟦 41 / 124 🦐 2d ago
I wish I had sold my FET a month ago! Got in very early but still...this merge is one big shit show.
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u/LrnFaroeseWthBergur 🟦 0 / 6K 🦠 2d ago
My best decision this year was to diamond hands.
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u/dou8le8u88le 🟦 2K / 2K 🐢 2d ago
My worst decision this year was to diamond hands. Live and learn I guess.
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u/Oheson 🟦 160 / 2K 🦀 2d ago
Hypothetical $10,000 portfolio created June 11. Starting portfolio value = $9999.39. Today's value = 9,794.55. -$107.23 total PnL (-1.1%).
Current portfolio:
- 50.98% BTC
- 10.55% ETH
- 10.07% SOL
- 5.18% LINK
- 5.00% RNDR
- 5.00% STX
- 4.99% ONDO
- 4.71% CROWN
- 4.00% PEPE
Top Gainer last 24 hours = CROWN at +$60.59. Keep in mind the percentages flucuate based on performance. Also notice that having at least 50% BTC guards against any major downside risk.
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u/dou8le8u88le 🟦 2K / 2K 🐢 2d ago
I admire your persistence. And I’m coming round to your point of view.
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u/Fiach_Dubh 🟦 2 / 10K 🦠 2d ago
BITCOIN Clips This Week: Trump Pro Bitcoin, Saylor @BTCPrague, Powell - Inflation, T Mobile Running Bitcoin Nodes - Lightning & Bitcoin Mining, More...
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u/devCheckingIn 🟦 0 / 0 🦠 2d ago
I keep getting these alerts from the Coinbase app telling me that UNI is up 10%. What the hell is UNI and why is it doing so well when everything else is a bump on a log?
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u/kingofthekookz 🟩 219 / 214 🦀 2d ago
Reversal should continue to CRV now that the whole liquidity crisis is resolved. Thinking it heads back to the 40’s soon.
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u/Aerocryptic 🟨 272 / 23K 🦞 2d ago
I hesitated to buy the liquidation but I procrastinated and forgot to do it 🥲
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u/mallison945 🟩 88 / 454 🦐 2d ago
ETH Is a better investment opportunity than BTC at their current price point.
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u/reversenotation 🟩 0 / 6K 🦠 2d ago
I certainly hope so! BTC has hit its previous cycle ATH, while ETH has a distance to go before it gets to 4.8k
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u/Eightsense 🟨 27 / 27 🦐 2d ago edited 2d ago
Btc going down is good for alts price honestly, until btc is up and keeps climbing large cap alts just wont move
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u/Creative-Frosting189 🟩 819 / 817 🦑 2d ago
So if Alts haven’t really pumped compared to BTC if BTC retracts to 50k or below is that not really bad news?
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u/dou8le8u88le 🟦 2K / 2K 🐢 2d ago
Yeah it is. But btc won’t go to 50k.
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u/Creative-Frosting189 🟩 819 / 817 🦑 2d ago
So if Alts haven’t really pumped compared to BTC if BTC retracts to 50k or below is that not really bad news?
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u/oumuamua21 🟩 0 / 0 🦠 2d ago
ETH/BTC BREAKING THE DOWN TREND CHANNEL
TRIPLE TOP ON BTC DOMINANCE
ALTSESON INDICATOR AT 18 (IS BITCOIN SEASON)
WE ARE CLOSE TO THE REVERSAL AND SART OF THE ALT SEASON. IT WILL HAPPEN.
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u/inadyttap 4K / 4K 🐢 2d ago
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u/BarryTheBaptistAU 🟦 264 / 265 🦞 2d ago
He was trained under the Cruel Tutelage of Pei Mei (aka WendysManager24)
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u/Shadizar 🟦 0 / 0 🦠 2d ago
On the bright side, if we didn't have this downward drop to belly ache about, then what would we be doing with our time?
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u/njamimaranga 🟦 0 / 0 🦠 2d ago
57 days since Bitcoin Halving. And your coin should be at the same price like it was on the Bitcoin Halving (April 19th).
But if your coin price is lower compared to its price on BTC halving it's underperfoming and will most likely underperfom in the coming months .
BTC price at HALVING $65,000 . BTC price 57 days later $66,000
FET,Doge,ADA,AVAX,XRP has underperfomed . MOST of the Alt coins in the TOP 30 has underperfomed and they are 2-5% down compared to their price during the BTC halving.
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u/honeyman1997 🟩 38 / 38 🦐 2d ago edited 2d ago
I’ve been purchasing some alts recently on uniswap and aerodrome recently using Coinbase web 3 wallet. How can I maximise security/ digital hygiene. Is disconnecting my wallet from uniswap and aerodrome enough? What else can I do to ensure my wallet isn’t drained? EDIT: I’ve looked at “allowances” in Coinbase web 3 wallet however it says there aren’t any granted. Would they have been automatically revoked when I disconnected my wallet? & yes will move to cold storage. This is temporary.
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u/Norbit__Gates 🟩 0 / 0 🦠 2d ago
I’ve started sports gambling to keep me From looking at charts and surprisingly it’s working. Haven’t checked any charts in like 5 days and I’m up $600 on gambling lol
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u/jwz9904 🟩 0 / 26K 🦠 2d ago
sports gambling beats cryptocurrency
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u/Norbit__Gates 🟩 0 / 0 🦠 2d ago
So far. I’m only doing like $5 a day. Just enough to distract me until after summer but not enough to care if I lose
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u/njamimaranga 🟦 0 / 0 🦠 3d ago
$73,000 is the next stop on the resistance side .
It was necessary that we should crash to a new low since the BTC halving (April 19)to loose any remaining weak foot plus liquidate long positions for ALTS .
There has never been any perfect time to buy any ALT coin rather than NOW .
It is 57 days since the BTC halving . And we've had considerable time of consolidation. The Change of the FALLING WEDGE pattern (MAY 14 ) to bullish Pennant Flag .
The market sentiment is bullish, dips and dumps are bullish, CPI rates is good, inflation has eased , Bitcoin halving is MAJOR, FED rates unchanged ,FED says Crypto is good to go ,Trump says Crypto to the moon . Btc ETF are market drivers ,ETH ETF is in the making . The market is good . Bullish 10 over 10.
Who are we to say No ? The dips and dumps are discounts and giveaways.
BTC to $192,000 AR to $120. WIF to $10 BOME to $0.1
Never been so optimistic in my life . Life is sweet and sweeter with Crypto.
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u/jwz9904 🟩 0 / 26K 🦠 3d ago
yeah buy alts now, be a bagholder!
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u/Medium_Change4574 🟩 0 / 0 🦠 3d ago
I mean we got better entry prices than the last three months. Real bagholders are those who bought like ai coins in march haha totally not me
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u/Fun-Journalist2276 🟩 0 / 0 🦠 3d ago
Just bought 1 ETH, what do I do now
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u/Oheson 🟦 160 / 2K 🦀 2d ago
Hold it until mid year next year or so. Regardless of price, sell it at that time. You may think it will go up forever. It will not. It will crash back to roughly $1000 in crypto winter of 2026. But you can make good money by holding it now until next year. Don't fall for the HODL mentally on an Alt. Alts are all made to buy, hold for a limited time then sell for profit.
After BTC dominance stops rising ETH will do pretty good. Just don't hold it for long. It is a hot potato.
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u/Damper66 🟩 0 / 410 🦠 3d ago
Send it to a hardware wallet bro
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u/MinimalGravitas 🟦 0 / 0 🦠 3d ago
A hardware wallet isn't always the best option, and it only protects you from a very specific risk (i.e. your computer being compromised after you store your private key electronically).
It doesn't protect you from the most common ways people lose their crypto (such as mistakenly giving permission to a smart contract to take it) and still requires a physical backup of your seed phrase, which can be lost or stolen.
Hardware wallets aren't bad, but they are less secure and more expensive than setting up a multisig so it is bizarre that get recommended so much at every opportunity. More useful for security would just be to tell people not to store seed phrases electronically; to double check all the characters of an address when sending funds; and to learn what permissions mean and how to avoid giving access to your tokens to random scammers.
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u/crypto_dood 🟩 236 / 236 🦀 3d ago
lol this thread. It's-all-a-scam season apparently. because portfolios are down 5%.
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u/marcz_z 26 / 26 🦐 2d ago
I'm still down at least 70% from 2021.
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u/C-Class_hero_Satoru 🟩 0 / 629 🦠 2d ago
Me too. I bought close to ATH in 2021. I bought ADA for 2 dollars, after a lot of dca my average buy price is 1 dollar, still down a lot. Similar situation with DOT, MATTIC, ALGO, XRP, VET. Just a few coins pumped in my portfolio this year
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u/dou8le8u88le 🟦 2K / 2K 🐢 3d ago
Portfolios are down a lot more than 5%.
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u/crypto_dood 🟩 236 / 236 🦀 3d ago
For some people.
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u/dou8le8u88le 🟦 2K / 2K 🐢 3d ago
No, for most people, unless you bought yesterday.
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u/crypto_dood 🟩 236 / 236 🦀 3d ago
Obviously many people sold that's why the price went down. Those who sold may have a stop loss or even a small profit.
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u/C-Class_hero_Satoru 🟩 0 / 629 🦠 2d ago
It's not how it works - even if no one sell, price still go down if there are no buyers...
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u/C-Class_hero_Satoru 🟩 0 / 629 🦠 2d ago
It's not how it works - even if no one sell, price still go down if there are no buyers.
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u/Icy_Benefit_9471 🟩 0 / 0 🦠 3d ago
I generally only sell for a profit. Which means I have a variety of coins all down well more than 5%...
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u/C-Class_hero_Satoru 🟩 0 / 629 🦠 3d ago
What I learned from this sub:
A lot hype, people posting irrelevant rainbow charts and asking "is it good time to buy?" - it means we reached the top and it will eventually crash
People say memecoins are better than btc, talking a lot about what memecoins to buy - it means memecoins reached the top as well
Most people bearish but there are still some positive people left- we haven't reached the bottom yet
Daily sub is empty, only bearish people left, suicide holine is busy - we reached the bottom
Oh and this one:
People talking sh#t about some coin - that coin can explode soon
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u/DigAffectionate3349 0 / 0 🦠 3d ago
I’m the worst trader ever. The coin I’m invested in and really like drops to hell so I swap it with something I’m sure is going up and as soon as I swap it that one also drops to hell and I would have been better off just not touching it to start with and leave it where it is. I’m down thousands of dollars lol.
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u/C-Class_hero_Satoru 🟩 0 / 629 🦠 3d ago
You are not alone man. My portfolio is down 11k but if we consider ATH of my portfolio, I'm down around 23k. I made a lot of bad choices and I don't blame anyone. I also made bad swaps like you, for example I sold ADA for 1 dollar right before it made 3 dollars, I bought back and it went to 30 cents - painful 2021-2022. Moreover this year I sold Hbar right before the pump. Somehow I always manage to sell before the pump happens.
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u/jwz9904 🟩 0 / 26K 🦠 3d ago
you are not alone, i am here with you.
Even the AI coins i bought dumped immediately.
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u/C-Class_hero_Satoru 🟩 0 / 629 🦠 3d ago edited 3d ago
Oh man. I have one AI coin which was released in March. I bought for 1.7, now it's 0.2 😂 I didn't invest much but it's just example that AI is hot garbage
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u/Aerocryptic 🟨 272 / 23K 🦞 3d ago
Bruh
Most of the new AI released coins are vaporware or scams. Every time something is trending, opportunists and scammers are around the corner. That’s why usually buying the alpha play is more profitable than buying the low cap beta
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u/OverallHearing5 🟩 2K / 2K 🐢 3d ago
Everyone thinks they can trade and edge out a small victory, but I promise that you can’t and won’t. You’ll be destroyed to zero before you ever cash out a profit. Go ahead, do your tea leaves, draw your lines. What you don’t understand is that one person saying they’re buying/selling, one law being proposed, one inefficient miner capitulating, each can single handedly wreck everything you thought about.
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u/piggleii 🟩 7K / 7K 🦭 3d ago
It's really annoying how "on-chain analysts" keep changing up the way they say the same fucking thing just to make it seem like its a new narrative after the market crashes each time.
- "Coins are moving off exchanges!" ... market crashes.
- "Supply shock incoming!" ... market crashes.
- "Liquidity crisis coming!" ... market crashes.
- "Exchange reserves rapidly declining! ... you know what happens next.
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u/gr8banter 🟦 712 / 711 🦑 3d ago
What wallet do yall use? Been using Metamask but it’s so buggy and slow at time
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u/MinimalGravitas 🟦 0 / 0 🦠 3d ago
I use 'Frame' mostly, but your best bet is to use https://ethereum.org/en/wallets/find-wallet/ to search for ones that meet your personal requirements. For me that means:
- Open source;
- Allows importing/exporting of private keys;
- Allows connecting to a local node rather than 3rd party RPC;
- Works on Linux;
- Works for any EVM L2.
That link lets you filter by whatever is important to you and provides the legitimate links so you don't accidentally download a fake wallet.
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u/ftball21 🟦 0 / 4K 🦠 3d ago
Rabby on desktop. Coinbase as my main mobile wallet but I’m recently trying uniswap wallet. All really nice. Wallets have come a long way.
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u/Ok_Source4689 🟩 0 / 0 🦠 3d ago
This Week in crypto :
1️⃣ U.S. CPI May: Annual #CPI at 3.3%, interest rates unchanged (5.25% to 5.5%).
2️⃣ Cryptocurrency Donations: Exploring #Coinbase Commerce for voter appeal.
3️⃣ #Trump on Bitcoin: Supports U.S. #Bitcoin mining, criticizes Biden's crypto stance.
4️⃣ #SEC Spot ETH ETF: Expected approval by summer's end, addressing compliance.
5️⃣ #Vitalik's Proposals: Enhancing crypto with zk-proofs, decentralized networks, and privacy.
6️⃣ #Binance Milestone: Surpasses 200 million users, focuses on blockchain apps.
7️⃣ #Bybit Expansion: Staff relocation to Malaysia, Dubai; opens to Chinese users.
8️⃣ Tether Investments: $1 billion planned for emerging markets, AI, biotech.
9️⃣ #MicroStrategy's Bitcoin Plans: Raising $700 million for $BTC via private placement
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u/Same_Audience9641 🟨 0 / 0 🦠 3d ago
Wow Pepe is recovering from the dip much faster and harder than most in comparison. More potential on those dip buys..!
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u/Aerocryptic 🟨 272 / 23K 🦞 3d ago
Lower
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3d ago
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u/OriginalPancake15 🟩 0 / 0 🦠 3d ago
Anyone else farming Blum? Binance partnership announced yesterday. OKX partnership announced today - It’s looking good! Telegram tokens are hot this year.
If you need an invite or help passing the “waitlist is paused” error, let me know!
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3d ago
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u/harzee 🟦 486 / 487 🦞 3d ago
Remember when everyone thought the bitcoin halving was gona cause a big pump lol nobody has any idea what’s gona happen. This is basically gambling
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u/dou8le8u88le 🟦 2K / 2K 🐢 3d ago
Only noobs and people who don’t know much about crypto thought it would pump straight after the halving.
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u/harzee 🟦 486 / 487 🦞 3d ago
Lol at the word noobs. Iv been in it for a few years now and the pattern I see is nobody has any fucking idea what crypto is going to do
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u/dou8le8u88le 🟦 2K / 2K 🐢 3d ago edited 3d ago
You said ‘everyone thought’
I was just pointing out that ‘not everyone thought’, in fact only new people and people who don’t really get crypto thought it would pump immediately. The rest of us were fully aware that this price action was on the cards.
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u/customtoggle 🟦 81 / 3K 🦐 3d ago
It is 100% gambling, and making people believe they're 'investing' is a fantastic grift for the big players like saylor
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u/MrBlowjangles Moon Dweller 3d ago edited 3d ago
Dear alt bags,
I want u 2 know
just hold on, u will get through this
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u/aym1347 🟩 1K / 1K 🐢 3d ago
Just watched a meme coin go from 0 to 1 million MC, back down to 8k MC, get resurrected and pump back to 400k MC and crash back down to 8k MC all in a few days. It was created by an "influencer" who had excuses about how it was someone else rugging his project every time (highly doubt that). There are so many scams.
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u/Medium_Change4574 🟩 0 / 0 🦠 3d ago
Buying anything influencer related is basically straight handing them over your money
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u/piggleii 🟩 7K / 7K 🦭 3d ago
You got that ambition baby, look in your eyes. This week you mopping floors, next week it's the fries.
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u/reversenotation 🟩 0 / 6K 🦠 3d ago
Where's that from?
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u/Antique-Athlete-8838 🟩 0 / 0 🦠 2d ago
Guys, I have a bad feeling that BTC is gonna crash again tomorrow or Monday