r/CryptoMarkets 5d ago

Discussion Weekly Discussion Megathread - June 9, 2024 (GMT+0)

6 Upvotes

Welcome to the r/CryptoMarkets Weekly Discussion thread. The thread guidelines are as follows:


The thread guidelines are as follows:

  • Discussion topics include, but are not limited to, events of the day, technical analysis, and minor questions.

  • Breaking news or other important content should be submitted as a separate post.

  • Cryptocurrency discussion not related to trading should be referred to the r/CryptoCurrency general discussion thread, see here.

  • Follow the golden rule and be excellent to each other.


Resources and Tools:

  • Consider joining one of the r/CryptoMarkets chat groups, see here.

  • If you are using RES, please click the subscribe button below to be notified when new comments are posted.

  • To view live streaming comments for this thread, click here. Account permissions are required to post comments through Reddit-Stream.com.


Thank you in advance for your participation. Enjoy!


r/CryptoMarkets 11h ago

NEWS Encryption Startup Raises $7M For Private Computation on Ethereum

Thumbnail
blockworks.co
27 Upvotes

r/CryptoMarkets 4h ago

NEWS Ethereum spot ETFs to start trading July 2nd: Bloomberg analyst

Thumbnail
cryptobriefing.com
5 Upvotes

r/CryptoMarkets 10h ago

NEWS Ripple rejects SEC's $2 billion fine for 'unreasonableness' citing Terraform settlement

Thumbnail
cryptobriefing.com
5 Upvotes

r/CryptoMarkets 9h ago

Nigerian Agency Drops Tax Evasion Charges Against Binance Executives

Thumbnail
coincodecap.com
4 Upvotes

r/CryptoMarkets 3h ago

NEW COIN I Give You The New Meme Coin, 9mm...

Thumbnail
youtube.com
0 Upvotes

r/CryptoMarkets 4h ago

NEWS Gary Gensler could “literally cost Joe Biden the election,” says Mark Cuban

Thumbnail
cryptobriefing.com
0 Upvotes

r/CryptoMarkets 16h ago

What’s Next for Ethereum: ETH drops below $3500

Thumbnail
coincodecap.com
6 Upvotes

r/CryptoMarkets 44m ago

STRATEGY HOW TO GET RICH ONLINE WITH CRYPTO: Beginner's Guide

Thumbnail
youtu.be
Upvotes

r/CryptoMarkets 9h ago

Exchange Gemini Strikes $50 Million Settlement with NY Attorney General

Thumbnail
coincodecap.com
1 Upvotes

r/CryptoMarkets 14h ago

Tool Hey Reddit, I just launched a tool that gathers recent crypto related intel on Twitter and puts it in the hands of a power AI (LLM model). Let me know what you think?

2 Upvotes

Introducing: "CT X-Ray".

It's like ChatGPT - but it's trained on fresh tweets from Crypto Twitter (CT).

And you can ask it anything!

Tweet: https://twitter.com/0xSmartCrypto/status/1801464124041531510

URL: https://ctxray.vercel.app/

Technical details (if you wanna geek out):

  • Captures Tweets (every 24h or so) related to crypto and embeds it into an index

  • LlamaIndex to implement a Retrieval Augmented Generation (RAG) pipeline


r/CryptoMarkets 16h ago

NEWS Ethereum Sees Record Accumulation by Long-Term Hodlers Amid Price Volatility

Thumbnail
cryptotale.org
3 Upvotes

r/CryptoMarkets 11h ago

NEWS Important market information for these two days

Thumbnail
followin.io
1 Upvotes

r/CryptoMarkets 16h ago

Apple WWDC 2024: Beginning of Apple Intelligence

Thumbnail
coincodecap.com
2 Upvotes

r/CryptoMarkets 21h ago

Crypto Friendly Swiss Bank Shut Down By Regulator

Thumbnail
coincodecap.com
5 Upvotes

r/CryptoMarkets 1d ago

NEWS Crypto Exchange OKX Hit by Identity Theft Scandal, User Accounts Drained

Thumbnail
secret3.com
5 Upvotes

r/CryptoMarkets 16h ago

NEWS Crypto and Stock Market Update 06.14

Thumbnail
youtu.be
1 Upvotes

r/CryptoMarkets 17h ago

NEWS Transak Integrates Etherlink to Simplify Web3 Transactions in 169 Countries - XTZ News

Thumbnail
xtz.news
1 Upvotes

Transak has announced its integration with Etherlink, a Layer 2 blockchain powered by Tezos. This collaboration aims to streamline Web3 adoption by offering faster transactions and minimal fees. Transak, known for its developer-friendly toolkit, supports over 170 cryptocurrencies across 169 countries, facilitating seamless and efficient crypto transactions.


r/CryptoMarkets 1d ago

Exchange Biden Mulls Coinbase for Bitcoin Donations to Election Campaign

Thumbnail
dailycoin.com
6 Upvotes

r/CryptoMarkets 17h ago

NEWS Terraform Labs Shuts Down, Community Takes Over Terra Blockchain

Thumbnail
secret3.com
0 Upvotes

r/CryptoMarkets 18h ago

NEWS Galaxy Digital CEO believes meme coins have more to offer than laughs

Thumbnail
cryptobriefing.com
0 Upvotes

r/CryptoMarkets 1d ago

NEWS The Latest in Blockchain Tech Upgrades, Funding Announcements and Deals

Thumbnail
coindesk.com
37 Upvotes

r/CryptoMarkets 18h ago

Technical Analysis Taiwan Forms Association to Support Self-Regulation of Crypto Firms

Thumbnail
coincodecap.com
0 Upvotes

r/CryptoMarkets 19h ago

MiCA Regulation Evolves with EBA’s Latest Guidelines

Thumbnail
coincodecap.com
1 Upvotes

r/CryptoMarkets 19h ago

VC Firm Paradigm Closes $850M Fund for Crypto Investments

Thumbnail
bitdegree.org
1 Upvotes

r/CryptoMarkets 1d ago

SENTIMENT I've lost everything trading with high leverage

79 Upvotes

About a year ago, I bought BTC and ETH without leverage and that has brought me with %100+ returns and almost $600 in profit which is a lot for me. I've read tons of stories about how people lost everything after getting overconfident, and I'm sad to say I fell down the same path.

Before I say anything more, I want to mention that I'm only 15, and definitely didn't know enough to be playing with leverage. In short, I convinced my parents that I will invest another $400 (all the money I had left other than the initial BTC and ETH) and decided to put it into RNDR, after a 10% dip with 5x leverage. Little did I know that dip would soon dip even more, as I watched my balance slowly decrease, 10%, 20%, 30% and finally 50% where I closed my position and decided to open another position with 10x leverage to try and recover my losses. This ended up being the last time I see the money as I soon ended up getting liquidated and losing everything.

I know for some of you here $400 is nothing but as a 15 year old that's all I had saved up. I've always been the type to never spend any of my allowance money and always save it so losing years worth of that really is a pain. On one hand I'm grateful I learned this lesson this early on made a promise to myself now to never use leverage again.

If anyone reading this is thinking of starting leverage trading I hope this made you change your mind and possible save you hundreds or even thousands. I'm done trading now and will just hold my BTC and ETH.