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.
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!
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 ➡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?
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!
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, “I earned X amount in X days” translates to “[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 cryptocurrency—the gains, opportunities, tech, and values—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!
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.
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.
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
Unpopular on Reddit. But today’s trading proves crypto is back in a cycle of becoming a Ponzi scheme casino.
One tweet from papa musk sent the entire market plummeting. That’s not really a safe place to put your money.
Sure it may recover, but that volatility proves that crypto fails at everything it claims to be right now.
As a store of value...if the value changes dramatically within minutes it fails at that.
As a means of exchange....who is buying anything with an asset that could appreciate or depreciate by 20% in a day?
As a future replacement for fiat money... there is a big technology gap to acquire, store, and use crypto. Not to mention, it isn’t truly secure unless you have it spread across multiple digital and/or physical wallets, under multiple layers of encryption...which become permanently inaccessible with no way to recover you funds if you lose your passwords. Nobody has time for that if they want to actually use it as a replacement money. And most average people don’t have the brains to figure it out in the first place (there are thousands of people loading gas into plastic bags right now across the south...and many more who think 5G can cause a virus....you think these people can figure out how to transfer crypto between wallets?)
Right now, random coins are being pumped like crazy. The coin base app is #1 again (last time this happened was right before the 2018 crash).
The market is teetering on sticks, and it’s going to come down with one remark about regulation/taxes from the government.
The concept is virtuous, the technology is promising, but in practice the whole crypto market is flawed
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.
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
- CS101: Introduction to Computer Science I (Saylor Academy)
- CS102: Introduction to Computer Science II (Saylor Academy)
- CS105: Introduction to Python (Saylor Academy)
- CS107: C++ Programming (Saylor Academy)
- CS201: Elementary Data Structures (Saylor Academy)
- CS202: Discrete Structures (Saylor Academy)
- CS301: Computer Architecture (Saylor Academy)
- CS302: Software Engineering (Saylor Academy)
- AWR178 Secure Software (Texas A&M)
- CS401: Operating Systems (Saylor Academy)
- CS403: Introduction to Modern Database Systems (Saylor Academy)
Blockchain / CryptoCurrency
- Bitcoin for Everybody (Saylor Academy)
- Blockchain Essentials (IBM)
- DFIN 511: Introduction to Digital Currencies (UNIC) (Starts Dept 27th)
- Blockchain Foundation Developer (IBM)
- Build an IoT Blockchain Network for a Supply Chain (IBM)
- Learn Solidity with Space Doggo (BitDegree)
- [Solidity Tu
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:
🚀 12 years of development
🚀 100M+ hodlers
🚀 Available on thousands of exchanges
🚀 Institutions buying in
🚀 89% of hard cap already in circulation
🚀 Up 586% in one year
#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:
-
r/wallstreetbets
has nothing to do with us.
If you're giving them your money, you're probably being scammed.
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.
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.
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!
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.
With some hair of the Doge that Bitcoin
It seems Elons tweet is being met with a little bit of resistance here. But if we overlook this one person and our feelings about him for a moment. Bitcoin was designed over a decade ago, problems with scalability were impossible to see. We are already at a point were the energy demand is unsustainable and it will only get worse from here. Arguments how bitcoin will drive energy innovation are silly when we have working products that dont need to solve this problem at all.
We have many better technologies available now, why not say good bye to bitcoin dominance? Our biggest player doesnt have to be our weakest link(in terms of technology). It will have to happen sooner or later, the bitcoin community isnt exactly an innovative community for a community that changed the world.
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)
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:
-
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.
-
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.
-
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.
-
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
