Bits.ca – Bitcoin & Crypto Currency News & Resources

submitted by /u/Raaaaafi [link] [comments]

‘Imaginary internet points’ have existed for decades but never with such a direct financial component as moons. Currently, if you want to make money on the likes of Instagram, tiktok etc you’ve got to be one of the most popular content creators. On r/cryptocurrency, your level of contribution dictates your slice of the moon-pie each month. I believe that if it proves profitable for reddit and it’s advertisers, we will see this model adopted across a larger span of subreddits and likely to other social media platforms- in turn making moons the OG online community contributor coin. submitted by /u/RenegadeGypsy [link] [comments]

Much like you, I thought I was smart. Smarter than the average American. I thought I could figure this crypto thing out and be wealthy in no time. I was buying and selling and ultimately not making a penny. One week I was up big, the next down big. I would see posts about people DCA-ing but that seemed like it would take sooo long. I want to be in my Lambo now. I was addicted to looking at charts and drawing squiggly lines and the chaos of it all. A few months back when bitcoin was at its high I was just done. If I just bought and held I would have done hundreds of percents better. Even with bitcoin at its ATH I started to DCA. Ive been putting 10% of my paychecks into BTC and ETH. I stopped looking at charts. I stopped staying up all hours of the day in case something happened. Stopped panic selling and FOMOing in late. The chaos subsided. I check on it maybe once a week just to see where my average is So let’s recap: 1. If you think you’ll outsmart everyone and be wealthy in 6-12 months. Stop. 2. Stop looking at charts. Stop drawing squiggly lines. 3. Set up an recurring buy on whatever app you use. 4. Pretend you’re lighting that money on fire 5. Go live your life I promise it’s better this way. If you haven’t figured it out yet, you will eventually. Moons are better than Doge submitted by /u/Life_Museum [link] [comments]

submitted by /u/Dwez1337 [link] [comments]

People are getting too greedy and playing with leverage again. Looks like today it's longs getting liquidated and driving the price down. Yesterday it was shorts getting liquidated driving the price up, today it's longs getting liquidated and driving the price down. Too many new investors trying to make quick money that don't understand leverage start playing with leverage for the potential gains and get burned. If you're new to crypto and trading altogether, the best advice I can give you is to stay away from leverage. Even if it works out once, one day you'll overextend and get burned. Don't play with leverage if you don't know what you're doing. Take these past two days as a lesson. submitted by /u/Hsiang7 [link] [comments]

I'm a van driver and I was dropping off a new guy. He lives 15 minutes off the main road of an already small town. On my way there I spot a little honey stand with a nice sign with a couple familiar faces on it, a bunch of popular cryptocurrencies! So I drop my guy off and come back, grab my phone, open my ALGO wallet and scan the guy's code. I was in and out in a minute with what is hopefully, in a few years, the world's most expensive jar of honey. Crypto is everywhere! submitted by /u/xathmos [link] [comments]

​ Everyone loves a good shitcoin or rugpull story. I compiled a list of 26 of my favourite (and not-so-favourite) shitcoins for you to enjoy. I have put it in infographic form so I could add some pictures in. Hope you enjoy. ​ EDIT: I realised I had forgot to crop in F and W, the list is now full. ​ https://preview.redd.it/0vyoombf4od71.png?width=946&format=png&auto=webp&s=4b3578196039d1e2cbb943588bee04097822edae submitted by /u/Wargizmo [link] [comments]

submitted by /u/jjr08009 [link] [comments]

It is easy to constantly check the volatility in attempting to play swings here and there. Similar to stocks there will always be excitement in rumors, those attempting to sell the news or falling victim to fear. It is easy to stress what tomorrow, next week or even next month will look like but cryptocurrency is a long-term play. There will always be dips so it is good to use those toward your advantage for the future. Some may even fall victim to FOMO during spikes, but it will usually come back down for another entry. Those “spikes” can be good if you want to sell a certain percentage of your position before another expected dip or buy-target. However, the best thing you can do is just wait it out and go enjoy the outdoors. You should be proud that you are a part of something that is still relatively young to our financial system. You’re a financial pioneer. Below is a cool article to put in perspective of long term mentality. This could apply to other currencies as well although some are much higher risk than others. CNBC: How Much Money You’d Have if You Invested $1,000 in Bitcoin 1, 5 or 10 Years Ago   submitted by /u/Mr-Night-Owl [link] [comments]

Welcome to the Daily Discussion. Please read the disclaimer, guidelines, and rules before participating. Disclaimer: Though karma rules still apply, moderation is less stringent on this thread than on the rest of the sub. Therefore, 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 r/CryptoCurrencyMeta - Join in on all meta discussions regarding r/CryptoCurrency whether it be moon distributions or governance. submitted by /u/AutoModerator [link] [comments]