End of year crypto pun challenge

Its not a secret that 2020 has been a very bad year for all. Even though most of our bags are in gains (if you kept DCAing for others) some of us lost some people and some our jobs and some of us both.

In light of showing the finger one last time to this god forsaken year I want to propose an End of Year Crypto Pun Challenge.

The idea came to me when a genious person in a post about xrp said Cripple instead of Ripple.

I should warn people who cant take a joke to not participate or read the comments cause they might want to fight about their favorite alt being made fun at.

So lets start. This is the formar "Name of the crypto= Pun"

Lets have some laughs and forget about this year for a minute.

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πŸ‘€︎ u/ramonvls926
πŸ“…︎ Dec 30 2020
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Subtle. Took me a week to notice this crypto pun...
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πŸ‘€︎ u/KingDaveRa
πŸ“…︎ Dec 06 2015
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What are some ways to earn some crypto (2$ for example) daily?

I live in a third world country and even 2 dollars a day can definitely change my life in a long run. but i can't do most of the surveys since they usually require KYC. are those games that give you crypto for playing actually work? i even couldn't withdraw my BAT earned with Brave since it also needs KYC.

Edit: Thank you everyone for the suggestions! you all have my upvotes.

Edit2: Man I've been upvoting and answering you guys for the past hour or something i think! thank you all so much you helped me a lot! i wanted to continue but it's 23:15 here i have to sleep and wake up early.

I'll continue upvoting everyone tomorrow! agian, thank you all!

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πŸ‘€︎ u/Duk01001111bito
πŸ“…︎ Apr 18 2021
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Bitcoin energy usage IS a problem, and the crypto space would only benefit if everyone admitted that.

Let's be real, a lot of people here think bitcoin's energy consumption is not a problem, or it's just green people envious that they didn't make money.

The top rated post now is a post saying that banks consumed 520% more energy than bitcoin, even though the top comments are saying it's a bad argument, there still a lot of people who think the article is right, if you go on Twitter bitcoin maxis are always saying people are dumb because they don't get it how bitcoin is more efficient. Banks processed 200 billions of transactions last year against what, 200 million bitcoin transactions? You don't have to be a genius at math to see that there's no way bitcoin would win if it had the same amount of users and transactions.

I'm not even getting into the argument that there are millions of people working for banks who likely would be working elsewhere and generating co2 emissions nevertheless. Those people work on different areas that you like it or not, are "features" bitcoin doesn't have, banks transaction output is not necessary related with their co2 emission because they do a lot more than sending money from A to B, you can't say the same about bitcoin, transactions = big energy output.

"but defi is the future, we don't need banks". You may be right, but if you look at sites like nexo/celsius, they are still companies with employees, they are competing with banks providing lendings, customer supoort, cards and insurance, not bitcoin. And they are doing fine.

"the media attacks crypto even though most a lot of coins aren't using PoW or will move to something else in the near future". Hmmm, so you are saying there are better solutions out there and still its better to not talk about bitcoin's energy waste? Sorry, but this is just delusional.

Crypto is at its core pushing technology forward and breaking paradigms, and with more adoption it also comes spotlight. If you look into the crypto space in 5 years and see that most coins and decentralized platforms are using something different than pure PoW, and bitcoin is still using PoW and consuming 10x energy from what it does now, you should think that's there's the possibility governments could act against mining, this year you saw hash rate drop with government-instituted blackouts in China, it wouldn't take much for countries to criminalize PoW mining if bitcoin is the only coin doing that and pretending nothing is happening while shouting "I'm the king".

TL;DR: bitcoin's PoW is a cow infinitely far

... keep reading on reddit ➑

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πŸ‘€︎ u/postal_card
πŸ“…︎ May 05 2021
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ELI5 Crypto is software, code. Isn't it hosted on a server somewhere on the world? Break the computer, break the crypto?

I don't understand how cyptocurrency can be forever. It's just code at the end of the day. That code must be run on a server somewhere right? Like all online games and data servers keep all digital data. Isn't cyptocurrency the same? If the server or computer dies, won't all the money just poof?

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πŸ‘€︎ u/smokiebacon
πŸ“…︎ May 07 2021
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Denmark: If you have more than 100,000 Kroner ($16k) in your bank account, you will be charged ~1% negative interest. Let the onboarding of Danes to crypto begin! danskebank.com/news-and-i…
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πŸ‘€︎ u/Set1Less
πŸ“…︎ May 02 2021
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Crip toe Crypto
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πŸ‘€︎ u/travischapmanart
πŸ“…︎ Apr 12 2021
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How much doge are you holding? I made a video how to deposit and withdraw money on binance for people new to crypto, link jn comments.
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πŸ‘€︎ u/DogeIsMyPower
πŸ“…︎ Apr 18 2021
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At age 27 and at ETH price of $2900++, Vitalik has officially become the youngest CRYPTO BILLIONAIRE and the 2nd youngest selfmade billionaire in the world!

Vitalik's wallet: https://etherscan.io/address/0xab5801a7d398351b8be11c439e05c5b3259aec9b

What a chad. The chaddest of chads.

Austin Russell, youngest self made billionaire, age 26: https://www.businessinsider.com/austin-russell-replaces-kylie-jenner-youngest-self-made-billionaire-forbes-list-2021-4#:~:text=Austin%20Russell%20is%20the%20youngest,stories%20on%20Insider's%20business%20page.

Kylie Jenner doesn't count, please don't mention her.

It's hard to imagine that Vitalik started Ethereum when he was 19! And if the legends are to be believed, we have World of Warcraft to thank!

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πŸ‘€︎ u/savage-dragon
πŸ“…︎ May 02 2021
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CMV: All these new cryptos plastered all over the front page are no different than your classic MLMs

Pretty much title. All the shit that is constantly being upvoted in the crypto moonshot sub and everywhere else that are constantly at the top of /r/all are no different than your classic MLMs. You’re hoping you can trick a bunch of people into buying after you so you can sell and make money at their expense.

Apparently my first time I posted this it wasn’t long enough, so I’ll go on for a little bit longer to avoid having my post automatically removed.

TL;DR

If you see people pushing obvious bullshit like $YEET, be smart and don’t believe everything you read.

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πŸ“…︎ May 10 2021
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For the crying out loud, stop telling your friends and family to invest in crypto

The first and only rule of persuading people to invest in cryptocurrencies is don’t.

We all want this community and the market to grow. I also understand that you want your friends and family to catch this golden opportunity. But persuading them to put their money in something they’re uncommitted to, leads to FUD and paper hands.

Understand that telling them, β€œI earned X amount in X days” translates to β€œ[you could’ve] earned X amount in X days [but didn’t].” In their minds. You’re leveraging their fear of missing out. Trust me, I would’ve loved to take the leap of faith back in 2016 when I found out about crypto. I didn’t and I’m okay with that because, this year, I took the opportunity. Today, I live with missing out on those gains because it was the logical decision for me then. So let them decide what’s logical to them now**.**

If you’re itching to share, then talk about it like a passion or hobby. Share the fundamentals: what it’s trying to solve; how it made an impact; what you’ve learned: what you’re excited about, share the good and the bad. Most of all, share with zero expectations that they’ll invest or even care.

If you really believe in the value of cryptocurrencyβ€”the gains, opportunities, tech, and valuesβ€”then let it speak for itself. It doesn’t need evangelists, it isn’t a religion; it’s a show, so grab your popcorn and sit the hell down!

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πŸ‘€︎ u/M00OSE
πŸ“…︎ Apr 29 2021
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Just had a $600 Dogecoin sale at my business, my first successful transaction for business services with cryptocurrency! A client bought personal training services and paid digitally, and he was quite impressed with the ease of the process, as it was also his first retail crypto purchase! Much wow!
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πŸ‘€︎ u/BrokenOverdrive
πŸ“…︎ Apr 27 2021
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Crypto almost changed my life

A few months ago I got a health scare. Bowl cancer. Nothing major, doctor said it’s treatable and if I start chemo right away things were looking good. That’s when I joined this sub and invested all I had into eth. I figured I’d make some great gains for when I come out the other side. I’ll be honest I didn’t learn that much about crypto. But I was convinced by my friends who were all making money. Long story short I’ve made over 4K the past few months. Not a lot compared to a lot of you, but way more than I had. The biggest thing was this was an escape for me. Riding the waves with you guys, mainly the daily chat, absolutely losing our minds when ADA went to 1.45. It was a riot, and made me think about the future.

I figured if I keep this up then I’ll have life changing money. Maybe diversify into something else promising.

Today the doctor gave me the usual shpeal of 6-12 months if I’m lucky. I’m going for trial runs at the UK’s leading cancer research hospital starting next week. But its mostly for research to be honest. I don’t expect to be here too much longer. Instead ive left instructions to my family of how to access my crypto and how long to wait before cashing out. I’m also gonna ask my friend who’s good at this stuff to help my family with the timing (not selling in the middle of a bear run).

I’m pretty bullish on eth, hopefully in a few years they will be set for life. I’ll put some more in over the next few weeks.

Anyways, why am I telling you this? Life is short my dudes. It’s better to jump in on a risk early than wait till your time runs out. Money doesn’t follow you to the grave. Take your risk with no regrets and cherish your family and time <3

Edit: to the people asking questions here’s a bunch of answers.

When I wrote this last night it was late and I didn’t think many of you would care. We’ve had a lot of sob stories and I knew I’d be throwing another on the pile but I just wanted to vent. Can’t believe all the comments of support here today. Thanks guys, even you the guy who messaged me asking for $1000 haha

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πŸ‘€︎ u/TrueStanks
πŸ“…︎ May 07 2021
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On Crypto.

For many years we've tried to delay discussion about crypto on the sub for many reasons. Just like penny stocks and otc, the negatives outweighed the positives about letting it freely be discussed on /r/wallstreetbets. Our main concern is that crypto discussion overtakes the core of what /r/wallstreetbets is about which is the stock market. I've known at some point that /r/wallstreetbets will have to find a place for it. As much as some of us hate it, there are just as many that love it and the way I've always tried to shape the sub is to never gatekeep, allow everyone to feel welcome, and always be able to adapt. I don't see the point in delaying the inevitable anymore as crypto is here to stay.

After much deliberation, we've decided to allow for discussion about only BTC, ETH and DOGE only. inside of a daily Crypto discussion thread as to not burden everyone with crypto spam. All rules will still apply outside of the thread but for now please keep it in the daily thread only as we gauge if this is something that is right for our sub. Just to be clear, we are not a crypto subreddit. We're just trying to find a place for you guys within our subreddit.

Lets gooo.

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πŸ‘€︎ u/bawse1
πŸ“…︎ Apr 14 2021
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So apparently government couldn't care less when banks secretly get $16T of bailouts of fiat from the Fed, but when people use crypto to secure their financial wellbeing, it becomes a problem

And then we have SEC who sued Ripple for selling an "unregistered security". Why aren't the SEC suing the banks and the government for the bailouts, especially when these are the big banks that don't need them? Oh wait, SEC is part of the government.

When you hear about some criminal with a stolen suitcase of cash no one cares. Meanwhile, talk about carrying stolen bitcoin and monero and now people hates crypto for money laundering, and the government works extra hard to crack down and put regulations whenever possible. It's a double standard. And they let the banks launder $2T a year.

The government is fucked.

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πŸ‘€︎ u/Iiau_
πŸ“…︎ Apr 24 2021
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Crypto miners are killing free CI layerci.com/blog/crypto-m…
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πŸ‘€︎ u/lyncozy
πŸ“…︎ Apr 25 2021
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Want to become a Crypto Developer? Here is a list of Free Educational Courses with Free Credentials - on Blockchain, Programming, Software Engineering and more.

For those looking to get into becoming a Blockchain and CryptoCurrency Developer, I have put together a list of Free Courses to help you get started along your journey.

We can always use more Developers!

The list of Free material consists of courses from Saylor Academy, IBM, The Linux Foundation, Cisco, Texas A&M, and others. All Free to take, and all offering some sort of Free Certification or Digital Badge upon completion. Not only are these great Free learning resources from known and reputable sources, but they also come with sharable proof that you learned them :)

Computer Science

Blockchain / CryptoCurrency

... keep reading on reddit ➑

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πŸ‘€︎ u/SolorMining
πŸ“…︎ May 05 2021
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🚨 Great crypto with huge potential! Don’t miss out!!🚨

SATOSHIS (sats)

CURRENT PRICE: $0.000567

PRICE TARGET: Most of the community is rooting for $0.001 but some think we could hit $1 one day!

Benefits:

πŸš€ 12 years of development

πŸš€ 100M+ hodlers

πŸš€ Available on thousands of exchanges

πŸš€ Institutions buying in

πŸš€ 89% of hard cap already in circulation

πŸš€ Up 586% in one year

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πŸ‘€︎ u/stu17
πŸ“…︎ May 12 2021
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Met up with a buddy I haven't seen in years. Started talking AMC and crypto. Our waitress dropped these on the table and said "desserts's on me, apes" πŸ€£πŸ˜…
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πŸ‘€︎ u/PootSnootBoogie
πŸ“…︎ May 10 2021
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Your money is safe in Silver, but in crypto, it is not. Upvote to sell crypto and buy Silver.
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πŸ‘€︎ u/silver_dime_slv
πŸ“…︎ May 10 2021
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Visa CEO says payments giant is moving into crypto in a 'very big way' theblockcrypto.com/linked…
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πŸ‘€︎ u/9Oh8m8
πŸ“…︎ Apr 27 2021
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It's the year 2030 and crypto has definitely changed our lives; just in a way no one expected.

The name Bitcoin isn't used anymore because no one can afford 81 trillion dollars for a coin. Satoshis are becoming expensive too, there are talks to split every Satoshi in 8 Nakamotos for further convenience for consumers. This has been discussed by the core developers for 3 years, but no consensus has been reached yet.

Ethereum has taken over the world with their last rollout Skyn3t. It turns out all those gas fees were used to build robot assembly-lines in the Arctic. Vitalik has revealed to be a cyborg sent from the future to enslave humanity. Humans who purchased ETH are filthy rich, though.

The Resistance movement has rallied behind XMR. It's so damn private, they can't even find other cells to coordinate.

LINK is using its self-consciousness to update in real time Sergei Nazarov's geolocation, so you can go and tell him how he has betrayed you yet again.

Civil war has ravaged the USA and split the country in two. The new formed country has adopted DOGE as their official currency. Elon Musk has proclaimed himself as Techno DogeKing of the Solar System.

NANO has become so fast it has reached faster than light transaction speeds and quantum-leaped itself out of existence. The devs are working on a solution to slow down transactions without success.

Cardano has published 741 papers, 700 of them about how good is to publish a lot of papers. Smart Contracts in mainnet expected next month. Charles is doing AMAs on Youtube every 15 minutes.

Binance Smart Chain has been fomo-bought by Warren Buffet, who is still denying blockchain but bought the first project that an intern mentioned in the coffee room. God knows what they’re plotting in this world governed by machines but everyone agrees they’re up to no good.

Tether has opened their vault at last. Every 1 USDT is pegged to a cap of Nuka-Cola. This has made USDT the first stablecoin to experience a +1000% valuation.

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πŸ‘€︎ u/Qu4rko
πŸ“…︎ May 09 2021
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Crypto nighttt 🀌🏽
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πŸ‘€︎ u/indominus100
πŸ“…︎ Apr 10 2021
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Scam Alert: Wallstreetbets Telegram / Crypto

#ANY INVESTMEMT WITH THE WSB NAME IS UNRELATED TO WSB.


What is it with loser ex-mods hijacking the WSB name and using crypto to scam people?

People keep posting a press release about an "official" WallStreetBets distributed app. (Aka, a crypto pyramid scheme)

Nothing could be further from the truth. We are strongly anti-monetization. This scam has nothing to do with us.

This is yet another attempt for the pathetic and disgraced founder (removed by Reddit Admins in 2020) to cash out on a subreddit whose only contributions allegedly include:

  • Phishing our users

  • Attempting to run a shitty paid mentoring group

  • Selling advertising on the subreddit

  • Trying to turn options trading into an esport

  • Selling WSB out to movie producers

  • Attempting to change our logo to some god awful abomination

Don't throw away your money on this scam.

Throw it away on OTM FDs instead.


Anything outside of:

has nothing to do with us.

If you're giving them your money, you're probably being scammed.

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πŸ“…︎ Apr 19 2021
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Looks like Robinhood couldn't handle the heat for more than 1 day into their 3 day AMA and deleted their AMA. Not your keys, not your crypto

Looks like Robinhood couldn't handle the heat for more than 1 day into their 3 day AMA and deleted their AMA. They just removed their post after ignoring all questions that didn't ask about a crypto wallet, and even then, they refused to give a date as to when they would release a wallet. It's so weird that they would make an AMA if they weren't ready to answer the tough questions. All it did was further confirm that using their exchange is a terrible idea, especially after the GME fiasco

Stay far far away from Robinhood and remember: not your keys, not your Crypto.

Here's a screenshot

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πŸ‘€︎ u/Tyrantt_47
πŸ“…︎ Apr 28 2021
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Vitalik Buterin donates 500 ETH to the India Covid Crypto Relief Fund after selling meme coins etherscan.io/tx/0x2390914…
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πŸ‘€︎ u/amazedknight
πŸ“…︎ May 12 2021
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They are coming for your crypto

I've seen this many times before. The establishment is launching a full-on propaganda campaign against crypto. Today Berkshire Hathaway basically called crypto evil and if you go to r/news or r/politics you will find the reddit hivemind is lapping it up.

They will say/are saying that crypto is causing global warming, it enables child predators, organized crime, human trafficking, and so on. Eventually, they will find a way to call cryptocurrency racist and sexist, mark my words. Very similar to how Wallstreetbets has been defamed by the media. Only it will be much worse because crypto is a huge threat to the heart of establishment power and control the dollar.

Educate your family, friends and neighbors. Because we are about to be under assault.

Edit 2 Ammo to use in your arguments! Provided by Mr__O__ So credit to him!

https://www.forbes.com/sites/davidbirch/2021/01/10/why-do-criminals-use-cash-and-not-bitcoin/?sh=62b71ce17a56

https://news.bitcoin.com/btc-miner-stresses-bitcoin-is-one-of-the-most-environmentally-friendly-financial-networks/

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πŸ‘€︎ u/James2912
πŸ“…︎ May 02 2021
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Visa said that they see Bitcoin as digital gold and will work towards integrating crypto in their system in many ways. cryptopotato.com/visa-dee…
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πŸ‘€︎ u/eggnoggman
πŸ“…︎ May 03 2021
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How does a Crypto trader recover from a bad loss?

With some hair of the Doge that Bitcoin

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πŸ‘€︎ u/Agedbuttle
πŸ“…︎ May 06 2021
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RE: On Crypto

Due to the article that was written @bloomberg who somehow felt that "WallStreetBets Bows to Crypto"

Crypto discussion is banned indefinitely. I've read a lot of dumb articles written about wsb. This one takes the cake.

P.S. Like always. Please be respectful.

Edit: Sorry guys I really tried my best but other mods were about to mutiny over my decision to allow it. In life, we have to pick and choose our battles. For the sake of stability after all the drama, I decided to not fight this one for now.

My position on crypto still stands. It's not going away. I personally am not into crypto but I understand that so many of you are. I don't like a lot of negatives relating to it but I've always been willing to adapt regardless. Half the sub is for it and half is against it (Honestly it's more that like it than those who don't). Both sides have very viable reasons that I have put a lot of thought weighing and fully considered both sides. I still think it is a good idea and I will continue to convince others that the right move is to allow for it in some form on here. Please be patient. I know some of you are upset and disappointed. For that, I apologize. I still think the title article is ridiculous because allowing crypto is definitely not bowing to it.

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πŸ‘€︎ u/bawse1
πŸ“…︎ Apr 15 2021
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WallStreetBets Redditors Lose $2.1 Million to Crypto Scammers m.investing.com/news/cryp…
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πŸ‘€︎ u/TR5_
πŸ“…︎ May 08 2021
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A Random Dude On Twitch Playing Incredible Live Music For An Audience Of Zero Had His Stream Raided By Crypto People And Ended Up With Over $85,000 In Donations barstoolsports.com/blog/3…
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πŸ‘€︎ u/Dubwell
πŸ“…︎ Apr 17 2021
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One of the Largest Bitcoin Whales in Crypto History Just Moved $2,000,000,000 in BTC dailyhodl.com/2021/05/01/…
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πŸ‘€︎ u/Roy1984
πŸ“…︎ May 01 2021
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How to prepare for the Crypto Bear Market, a 2017 survivor perspective

With so many new money joining the Crypto revolution I thought I'd throw my hat in the ring and give my 2 satoshis on how to prepare for the long dark (I.e. Bear Market). My gut tells me we're on the cusp - could be days, weeks or even months till the big correction but make no mistakes: It will happen.

Last bear market i got burned pretty badly blindly 'hodling' my bags, many of which were were shitcoins which suffered way more than the big boys (Bitcoin, Eth). I made a 95% loss and still have half the bitcoin equivalent to what I originally bought 4-5 years back. I'll not be making the same mistakes this time that's for sure.

My survivors tips to the Bear market:

  1. Don't panic, have a strategy & stick to it - this one is universal for Bull/Bear markets, but in the context of the Bears we think more of stop losses and slowly buying back in. Set your targets, entries & exits as well as investment horizon. There's a huge opportunity there to short in a bear market and accumulate more (Dollar cost avg in is v useful), but if you are OK riding out 90% losses for a few years by all means hold, that's up to you.

  2. Don't put in more than you're willing to lose - if you're in this position now, you should consider scaling back positions. Stop losses & sell orders are your friends (re: point 1, this fits into your exit strategy), this will help avoid you going beyond your risk tolerance.

  3. Think long term - "bear markets never last, only tough people last", it's going to feel rough seeing 20% losses every day for a week on your favourite crypto. No matter how solid the whitepaper, team and tech crypto is still in its infancy. FOMO only seems to apply to coins going up, but coins going down while you hold FIAT is probably even better if we think about where crypto will be in 5-10 years.

  4. Take care of yourself - last bear market suicide hotlines were pinned on basically all the crypto subs, it was a dark period for many who had lost their life savings etc. Imagine a bad day of losses currently and multiply that by 100x (it's shit in a bear market if you're hodling). I think 1-3 will set you up to weather the bad times, but this tip is really just to reinforce the point that we're all human and money/crypto is NOT as important as our mental health.

Any other old timers in crypto feel free to add anything else to this - hopefully this Bull market keeps going for a fair while, but planning the Bear attack feels prudent right now. BoL

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πŸ‘€︎ u/Flake101
πŸ“…︎ May 09 2021
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ETC being top 15 is worse for crypto than Doge being top 3

ETC is a literal scam coin that has been 51% attacked not once, not twice, but THREE TIMES. Imo this is far worse for the crypto sphere than Doge potentially flipping BNB and making it to the top 3 as a massive pump n dump. I don’t see how people don’t get wrecked on something like ETC. A lot of people think regulations will spark the next bear market, its coins like ETC that will spark the regulations. (I understand they’re coming regardless)

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πŸ‘€︎ u/makeshiftballer
πŸ“…︎ May 06 2021
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Bitcoin is coming to hundreds of U.S. banks this year, says crypto custody firm NYDIG cnbc.com/2021/05/05/bitco…
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πŸ‘€︎ u/slacker-77
πŸ“…︎ May 05 2021
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DOGE DREAMS: 1 yr ago, I bought into the Dogecoin msg, Do Only Good Every Day! Dropped my other crypto and put a little over $11k into DOGE, and been HODLing since. Told family and friends, some trusted others πŸ™„. BELIEVE in Doge and this community and make your dreams come true. πŸ•πŸŒ–πŸš€ reddit.com/gallery/msbbur
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πŸ“…︎ Apr 16 2021
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At this point ignoring crypto is like when businesses were ignoring the internet

Crypto is getting to a point where you either invest in it or get left behind. It is revolutionary and changing the way the world works, so if your slow to adapt you will miss out. Just like when the internet started people were sceptic and didn’t want to take a risk. Anything in life involves some risk and the greater the risk the greater the payoff!

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πŸ‘€︎ u/Basic_Bridge_8177
πŸ“…︎ May 07 2021
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What I Wish I'd Known Before Investing in Crypto...

Here are a few gems I learned the hard way... sorry about the frustrating Reddit Formatting.

  1. Do Your Own Research.Β  Don't just pick a coin shilled by some clown like me on Reddit or an advisor on YouTube. Your Uncle Tommy might not be as smart as you think. Do read and research to find a project that makes sense and has a real world use cases - good tokenomics and development teams. This leads to...

  2. There are NO GET RICH QUICK SCHEMES! β˜†Thus, stay away from S***Coins!β˜†

The Reddit groups such as Satoshi Street Bets and Crypto Moon Shots are not your friend. Anything guaranteeing a 100x -1000x profit is a crook, and rug pulls are common by these developers. This is why people on this Reddit sub get so frustated by people who can't see the dangers of meme coins with no use cases. Most of these coins have less chance of winning than the lottery in your state.

  1. Make your portfolio strong. This means putting more $ in original, safer coins such as BTC and ETH, with much lower percentages in Alt coins such as VET, ADA, DOT, ALGO, and the like. The alt coins carry higher chances of gains, but also much higher risk of losses. You do want to diversify for risk management.

The older you are, the more conservative you may want to be.Β  Many people like the strategy of profiting on their smaller coins and putting the profits back into BTC and ETH. My personal strategy is 70:20:10 with 10% in Alts.

  1. Spend only what you can afford to lose.Β  I know people are sick of hearing this...but I remember stories from 2017 of people taking out 2nd mortgages and selling cars to buy Crypto. Their finances were Rekt very quickly. Right now during this bull market, we all are happy. This can change overnight.

  2. Don't FOMO ( fear of missing out) into a coin. If it's nearly at its high, It can and will likely consolidate and go down; you can always buy in at the dip in price. Be patient.Β This leads to:

  3. Use DCA. Dollar Cost Averaging has been shown by experts to be the best trading strategy in crypto. DCA means buying coins on a regular schedule, hopefully lowering your average costs over time.Β  You can also DCA/buy the dips, but you never know when a crypto is at a low, so pure DCA usually works better.

  4. Don't PANIC SELL!Β  This is usually the first mistake newbies make in order to cut their losses.Β  I know I did.Β  Had I never panic sold, I would be up about 70% higher than I am today.Β  This panic selling also happens in a

... keep reading on reddit ➑

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πŸ“…︎ May 02 2021
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At The Age Of 27, The Creator Of Ethereum Became The Youngest Crypto Billionaire In The World globaltrends.us/2021/05/a…
πŸ‘︎ 3k
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πŸ‘€︎ u/gock8383
πŸ“…︎ May 04 2021
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The Complete Security Guide to keep you, your computer, and your crypto safe

Background: I currently work for a fortune 100 company's Computer Security Incident Response Team, I work specifically on detect and response which includes business email compromises, responding to phishing emails and malware within the organization, while documenting the process.

My last post on securing accounts got a lot of attention, and there was also a lot of feedback and recommendations to add and consider. After that post I set out to make the most complete guide yet on securing your account and listing the resources needed.

Email:

  • Email Providers
    • Any reputable email provider with 2FA will do
    • If you want to get more into privacy and encrypting emails there is Protonmail or Preveil
    • You can alternatively also hook up your current email with the Thunderbird email client (use to be managed by Mozilla Firefox) it is overseen by a volunteer board of contributors.
  • 2FA - This is important, activating 2FA on your email is just as important as having it on exchanges. (Will cover more on 2FA further down)
  • Create an email specifically for Crypto, but also avoid using crypto keywords / personal information in the email, treat your email address like its public information.
  • Be on the lookout for Phishing emails, I made a post on how to identify phishing emails along with some useful tools here | How to spot a phishing email |
    • Quick tips for emails:
      • Don't trust email links
      • Double check the address bar of login pages
      • Know the levels of a domain
      • Check to see if your crypto sites allow a anti-phish banner that displays a code with their emails that you set.
  • Tracking pixels are also a thing, there not malicious in themselves, but they can potentially let attackers know if you have open an email / let them know the email exist and is active.
  • Furthermore You can check haveibeenpwned to see what data breaches your email has been apart of - If your email shows up and passwords are listed on the data that was compromised, ASSUME the worse and change the password an
... keep reading on reddit ➑

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πŸ‘€︎ u/xCryptoPandax
πŸ“…︎ May 06 2021
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Doge may be a memecoin, but it brought me to this community and made me invest in other crypto.

Back in february when the whole GME hype started, I saw a couple threads popping up that the Dogecoin comminity is planning to rise as well. It was too late for me to invest in GME as it already spiked, so I tried my luck with Doge and bought at 0.05€ for 50€. Not to be too risky with my first investment ever... 2 months later I cashed out (a bit too early) and made about 180€. So my total wallet was now €230, which I planned to invest in Doge again once the price dropped.

Luckily the price stayed up and I realized that if I'd put my money back in Doge, I would only lose. Either the price stays up and I end up with less doge than I initially had or I buy when the price drops and end up with less € if it continues to drop.

So I started looking for alternatives to invest my winnings. I searched for other "cheap" coins, that had a lot of potential to grow, by reading this subreddit and came across VET and ADA. I gained some confidence by profiting from the doge investment and deposited another €500 into my wallet. I put €300 into VET and 350€ into ADA. I might put the remaining €80 back into Doge. It's an unpredictable meme after all, so who knows what happens.

I'm planning to create a more diverse portfolio if my current investment works somewhat out. Doge might not be the most popular among the altcoins in this sub, but it was a great starting point for me and made me interested in other crypto currencies. I also want to thank this community for being insightful, helpful and welcoming to crypto newbies.

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πŸ‘€︎ u/phantomimp
πŸ“…︎ Apr 21 2021
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I'm been in crypto since 2013. Maybe 700+ alt coins and many trades. Now a Defi-Crypto Farmer. Here are some of my tips and advice for new-comers.

As the title says I'm into crypto pretty deep. I was in crypto briefly in 2013, but only really hit the ground running in 2017 and never looked back. In 2017 I made all the usual mistakes, got into the wrong coins, entered some dodgy exchanges and sold the wrong coins (like selling Enjin on its first day after investing in the ICO). In 2018 things got worse, with shitcoins driving the BTC value of my holdings down by half.

Now I'm sitting really pretty and feel like I have "clicked" to the point where I am generally making money in crypto and quite a few people ask me for advice on what to do, strategies etc. Here are some of my tips, observations and ideas.

  1. Don't trust anyone. Assume everybody you are talking to is a friendly thief who wants your money. That includes people shilling particular coins, or anyone asking for your crypto to invest, to random people that message you. (And yes ironically this means don't trust me, but you'll see I didn't mention my altcoin holdings and I am deliberately staying quiet on what my 800% defi pool is :) )
  2. Every position you enter should be a fixed percentage of your portfolio. I prefer 1% for a typical trade. Risky uniswap gems might be 0.5%, very strong longer term positions say 2-5%.
  3. Have your portfolio value in BTC (or ETH if you prefer that). Your goal is to increase your BTC value. Each trade should be from BTC, and then exit back out of BTC. Log all transactions in blockfolio etc under the BTC pair, so you can see how much BTC value you are gaining. Don't worry as much about USD gains, as in a bull market its easy to make USD value gains. BTC is the end-game here so you want to accumulate BTC, especially if BTC dominance is falling.
  4. Have a portion of your portfolio allocated to farming or staking. If you have a coin sitting somewhere for ages, ask if there is some way for you to make money from it. For example, I have a large stack of BTC and ETH, so rather than have it sitting doing nothing, I wrapped the BTC and entered a Sushi Farm. Months later the rewards from that farm are worth something like 25% of the amount I initially invested. Every so often, harvest the rewards and either re-farm (compounding) or shift to your long term hold. Remember compound interest. There are opportunities for very high returns (without ponzi aspects but be careful) - find those, constantly take and re-invest the income and the gains are quite extreme.
  5. Have a dedicated stack of BTC or ETH t
... keep reading on reddit ➑

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πŸ‘€︎ u/Cryptodragonnz
πŸ“…︎ Apr 11 2021
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Anyone else got majorly addicted to checking your phone every 10 minutes when they just started with crypto?

I just started with crypto a month back and I just realized that my screen time for the past week was 13 hours on an average. Crypto market is just soo freaking addictive. I cant just put my phone down for more than 15 mins straight. And the fact that this market is open 24x7 365 certainly doesn't help either. I am simply loving it. Anyone else went through this stage when they started or should I be concerned about this?

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πŸ‘€︎ u/JusteUnAutreGars
πŸ“…︎ Apr 25 2021
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Thanks to Crypto I made my first 20 Billion Dollars

So I started buying Crypto back in 2017. I hustled and worked so much for my dream. I lost friends because they didn't belive my system. I invested so much time into this. But I made it. I freaking made it. I am now a proud owner of 20 Billion Dollars. I exchanged it into FIAT-Currency and I will always remember myself to my first 20 Billions.
Surely I am able to earn way more in the future.

Here you are able to see my first 20 Billion Dollars.

You don't need to call me Sir. I am still very humble.

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πŸ‘€︎ u/Klaasiker
πŸ“…︎ Apr 15 2021
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Woke up this morning to $60K worth of crypto stolen from my MetaMask

Hi guys,

Update: This post is another redditor who was scammed and the crypto went to the same wallet. https://www.reddit.com/r/pancakeswap/comments/my439d/200_bnb_stolen_today_from_my_trust_wallet/

In the comments someone was able to retrieve their crypto. If anyone knows how to do this please reach out to me and I will reward you with $5,000 https://www.reddit.com/r/pancakeswap/comments/my439d/200_bnb_stolen_today_from_my_trust_wallet/gvstvf6?utm_source=share&utm_medium=web2x&context=3

I woke up this morning to find my MetaMask wallet was empty. Overnight, someone withdrew 22 ETH worth over $60K (My life saving pretty much, I'm 27 and was aiming for a small apartment to live in)

My wallet (Account 1) address https://etherscan.io/address/0x374d51543db6c697eed85fe7fd9fa485201f34a9

It seems to end up on the an Exchange named FixedFloat, you can track the transfers and final deposit here

https://etherscan.io/address/0x4e5b2e1dc63f6b91cb6cd759936495434c7e972f

About 4 days ago, I downloaded a software called LimitSwap to purchase a new token the moment it is listed. The trading software requires you to input your private key so it can execute trades. I asked about this in the telegram group and a bunch of people immediately reassured me this is normal, the bot only runs on my computer and needs the key to make trades. The developers would never have access to the key. My computer has never been compromised before, only in the few days since I inputted my key into his software. Basically the amount of people who claimed to be fellow customers reassuring me gained my trust. Looking back, this was incredibly gullible of me. https://www.limitswap.com/ https://www.youtube.com/watch?v=i5qWpyoWPMk&ab_channel=LimitSwap

I contacted him but he his is not very helpful at all. He is accusing me of lying and never using his software, even though you can trace the token I had to buy to use his program named $LIMIT

0x0C18E6072890e12bFe228f5979B1c92708D9F7C7

Any ideas how to proceed from here would be greatly appreciated.

For anyone reading this, please go buy a cold wallet right now. Also never share your private key with anyone, even your grandmother. I was way too relaxed about m

... keep reading on reddit ➑

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πŸ‘€︎ u/SuperHanssssss
πŸ“…︎ Apr 26 2021
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Sh*tcoins like Safemoon are creating unrealistic expectations in the Crypto world

I got into crypto a few months ago with the intent of making gains long term. I knew it wouldn't happen over night. Sure, I have made some gains since I got in... but not enough to make a difference in my life. That kind of thing takes time.

Now comes along Safemoon and it's many MANY knockoffs. Everybody is now looking for the next get-rich-quick coin. It has created an impatient mentality in the space that is not good at all. People are dropping money they can't afford to lose on shitty coins that are just Safemoon clones... and they are losing.

People need to understand that, while there are outliers, earning on an investment takes time. If you're the type person seriously asking 'When moon?' or 'When Lambo?'... then you need to rethink your view of cryptocurrency. Life changing wealth does not happen in an instant.

πŸ‘︎ 2k
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πŸ‘€︎ u/CryptoRookieX
πŸ“…︎ Apr 26 2021
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