Cryptocurrency mega-thread

[The Dice Man]

That’s good on the centralised platforms, you won’t get much better than that. If you’re looking to stake on a DEX, I think Shupe knows a fair bit about DOT’s ecosystem. The super high APR/APY tend to be only for the riskier plays or lower caps.

Im a gambler who isn't allowed inside Casinos (unvaxd), give me that shit!! mediumish risk. I feel pretty safe with FTM/Tomb. They also have Life coming which will be a FTM DAO which could be good to get in early.

 

[BACCS]

Im a gambler who isn't allowed inside Casinos (unvaxd), give me that sh*t!! mediumish risk. I feel pretty safe with FTM/Tomb. They also have Life coming which will be a FTM DAO which could be good to get in early.

I feel safe as houses with MC/ETH staking as well. Just gotta find projects you’re confident will be around long term, even if they’re lower caps just starting out. I’m guessing with DOT to get a high APR/Y you’ll need to pair it with a riskier Polkadot project in a similar LP like my MC/ETH.

 

[Bostonian]

That’s good on the centralised platforms, you won’t get much better than that. If you’re looking to stake on a DEX, I think Shupe knows a fair bit about DOT’s ecosystem. The super high APR/APY tend to be only for the riskier plays or lower caps.

12% on Swyftx is DOT.

 

[bzparkes]

Hey guys, sorry I haven't been around and posted those guides I said I was going to. Been studying a bit for an exam next year and took a bit of a break from crypto.

Just an update for those who bought a few things I'd recommended that have tanked recently (like everything else...). If you haven't been keeping up on their Telegrams I'll give you guys an update below;

FUD: Still going full-steam ahead. NFT partnership with UFC fighter Donald 'Cowboy' Cerrone is ongoing and he's working on promotional videos for the project. Don't stress about the price if you bought higher, I've been accumulating at this low-level because devs are delivering and that's all you can ask for on micro-cap coins.

My Shiba Academia: Has migrated to Toshinori Inu. The original dev made some mistakes with trusting certain marketers and lost quite a lot of money from the marketing wallet so got disheartened and gave up. Was originally going to renounce the project but it's been taken over by King_Toshi who is working very hard to get the project back on track. If you held the old token, simply add the new contract to your wallet to view as it was airdropped to old holders. Price is very down but I'm confident it will recover. Old dev is still working on the project but has handed over ownership. Patience required but they are already delivering on promises made when they took over and their vision is bigger than the original so it will pay off if they can deliver.

LOUD: Marketplace pushed back due to errors needing to be fixed and Eth-bridge pushed back due to arbitrage trading discovered with the BUSD liquidity pool by bots. This was an issue affecting a number of projects so they had to address this first as not to tank the liquidity. Price also took a dive as they discovered a whale wallet was linked to a number of rugpull scams so they black-listed the wallet, to which the wallet holder spread massive FUD and a lot of people sold out. I understand people don't like the concept of a dev being able to black list wallets however as they're a UK listed company, they can't be known to harbour scam wallet holders and long-term it's better for the business to be abiding by the law. This makes sense considering the CEO James is a corporate lawyer also. LOUD has employed a new marketing assistant and the dev team they've employed have worked on projects for companies such as Samsung, so they will deliver on their promises.


For me personally, I've mostly just been accumulating BTC and ETH via auto buys when I get paid as I'm just holding my positions and waiting to see where the wind blows. Funny seeing the bad press crypto is getting again recently, some big players must really want some cheap Bitcoin!

 

[The Dice Man]

Hey guys, sorry I haven't been around and posted those guides I said I was going to. Been studying a bit for an exam next year and took a bit of a break from crypto.

Just an update for those who bought a few things I'd recommended that have tanked recently (like everything else...). If you haven't been keeping up on their Telegrams I'll give you guys an update below;

FUD: Still going full-steam ahead. NFT partnership with UFC fighter Donald 'Cowboy' Cerrone is ongoing and he's working on promotional videos for the project. Don't stress about the price if you bought higher, I've been accumulating at this low-level because devs are delivering and that's all you can ask for on micro-cap coins.

FUD also had a huge whale dump their share a few days back too I think. Priced dumped massively. So low on my investment there that I have to hold. I only put in 100 so doesn't really matter. Thanks for the updates.

 

[bzparkes]

FUD also had a huge whale dump their share a few days back too I think. Priced dumped massively. So low on my investment there that I have to hold. I only put in 100 so doesn't really matter. Thanks for the updates.

All good. team's also working closely with an eComm plugin called DirectDogeFinance. i'm not too keen on the name but the concept is actually amazing. Single dev from Portugal so it's been rough early but the guys from FUD have basically taken over the marketing for it and it's pumped hard today. Low liquidity currently though so price is very volatile but they've amended their taxes to pump more into liquidity so it should settle over time.

DDF is the ticker if you want to take a look on Poocoin.

 

[Evolved1]

Bitcoin hitting new ATH!

 

[The Dice Man]

All good. team's also working closely with an eComm plugin called DirectDogeFinance. i'm not too keen on the name but the concept is actually amazing. Single dev from Portugal so it's been rough early but the guys from FUD have basically taken over the marketing for it and it's pumped hard today. Low liquidity currently though so price is very volatile but they've amended their taxes to pump more into liquidity so it should settle over time.

DDF is the ticker if you want to take a look on Poocoin.

How long until retailers actually accept crypto payments as commonplace, like an EFT or Credit card payment

 

[ash_1050]

How long until retailers actually accept crypto payments as commonplace, like an EFT or Credit card payment

Highly unlikely. There's three main barriers:
1 - Limited demand. Very few people are asking to pay by crypto, at the moment it's a novelty more than a paradigm shift
2 - Bigger downside to businesses. Paying via crypto means you can't lock in a fixed profit per item sold, as the market could be up/down 10% by close of business. Also leaves them very open to fraud and it's just a pain in the arse in general compared to accepting AUD.
3 - Cost of implementation. Setting up crypto requires a team of people to implement and monitor it, absolute chaos for your accountant to figure out, and the cost of training POS operators on how to accept crypto.

There's a reason why it's only fringe websites (gambling, pr0n, sites run by crypto enthusiasts) make up the bulk of the current market.

Here's an example:

 

[The Dice Man]

Highly unlikely. There's three main barriers:
1 - Limited demand. Very few people are asking to pay by crypto, at the moment it's a novelty more than a paradigm shift
2 - Bigger downside to businesses. Paying via crypto means you can't lock in a fixed profit per item sold, as the market could be up/down 10% by close of business. Also leaves them very open to fraud and it's just a pain in the arse in general compared to accepting AUD.
3 - Cost of implementation. Setting up crypto requires a team of people to implement and monitor it, absolute chaos for your accountant to figure out, and the cost of training POS operators on how to accept crypto.

There's a reason why it's only fringe websites (gambling, pr0n, sites run by crypto enthusiasts) make up the bulk of the current market.

Here's an example:

Number 2 is the biggest barrier IMO, plus I cant imagine banks and governments easily letting go of their control.

 

[faible]

Highly unlikely. There's three main barriers:
1 - Limited demand. Very few people are asking to pay by crypto, at the moment it's a novelty more than a paradigm shift
2 - Bigger downside to businesses. Paying via crypto means you can't lock in a fixed profit per item sold, as the market could be up/down 10% by close of business. Also leaves them very open to fraud and it's just a pain in the arse in general compared to accepting AUD.
3 - Cost of implementation. Setting up crypto requires a team of people to implement and monitor it, absolute chaos for your accountant to figure out, and the cost of training POS operators on how to accept crypto.

There's a reason why it's only fringe websites (gambling, pr0n, sites run by crypto enthusiasts) make up the bulk of the current market.

Here's an example:

Number 2 is the biggest barrier IMO, plus I cant imagine banks and governments easily letting go of their control.

In the short term the solution might be a POS terminal charging in AUD and the card live-converting <insert crypto of choice> to AUD. Similar to when you buy from overseas and pay in USD but it converts to an AUD charge on your card.

Merchant receives AUD, Customer pays in XRP type thing. Which crypto you use and the card issuers probably determines exchange rate etc.. etc...

 

[ash_1050]

In the short term the solution might be a POS terminal charging in AUD and the card live-converting <insert crypto of choice> to AUD. Similar to when you buy from overseas and pay in USD but it converts to an AUD charge on your card.

Merchant receives AUD, Customer pays in XRP type thing. Which crypto you use and the card issuers probably determines exchange rate etc.. etc...

What's the upside to business by offering something that is more complex, costly to implement, and has more failure points? They don't generate more business from it, at no point in the last 10 years have I gone "oh sweet they accept BTC I'm definitely going to buy my item from them now". Hospo locations in the US are still on chip and pin for POS transactions, something as simple and beneficial as Paywave is still years away from implementation let alone the complexities of crypto.

 

[BACCS]

Gemini now listing $MC, first decently sized US CEX to do so (it's not on Binance US).

 

[faible]

What's the upside to business by offering something that is more complex, costly to implement, and has more failure points? They don't generate more business from it, at no point in the last 10 years have I gone "oh sweet they accept BTC I'm definitely going to buy my item from them now". Hospo locations in the US are still on chip and pin for POS transactions, something as simple and beneficial as Paywave is still years away from implementation let alone the complexities of crypto.

Nothing, it'd be down to the POS and card issuers to make it possible.

Similar to how existing terminals can enable / disable AMEX and Diners Club.

From a business perspective, you don't really care how people pay, so long as they pay. If an independent terminal issuer (e.g. Tyro or Square) facilitates payments in Crypto for the merchants, especially if the transaction cost is lower, that's how it'll come in.

I don't see it happening using separate payment processing facilities.

 

[BACCS]

How long until retailers actually accept crypto payments as commonplace, like an EFT or Credit card payment

Visa is bringing out debit cards that allow you to pay with USDC (so no issues with stability) and converts it to Fiat at their end, so basically no different to paying with regular cash.

https://www.forbes.com/sites/emilym...-spend-growing-crypto-wealth/?sh=6f80b97712e8

 

[ash_1050]

Visa is bringing out debit cards that allow you to pay with USDC (so no issues with stability) and converts it to Fiat at their end, so basically no different to paying with regular cash.

https://www.forbes.com/sites/emilym...-spend-growing-crypto-wealth/?sh=6f80b97712e8

"To date, 54 crypto companies have partnered with Visa to enable crypto spending."
"Other crypto-friendly card partners include CoinZoom, Coinbase, Zap, Crypto.com, Bitpanda, Fold, Upgrade, Wirex, and ZenGo."

So it's still at square one, no one outside crypto nerds and the companies in the crypto space are interested unless it's related to vices you want to keep on the down low (gambling, pornhub, shady viagra websites etc).

 

[BACCS]

"To date, 54 crypto companies have partnered with Visa to enable crypto spending."
"Other crypto-friendly card partners include CoinZoom, Coinbase, Zap, Crypto.com, Bitpanda, Fold, Upgrade, Wirex, and ZenGo."

So it's still at square one, no one outside crypto nerds and the companies in the crypto space are interested unless it's related to vices you want to keep on the down low (gambling, pornhub, shady viagra websites etc).

You can use the majority of those cards anywhere that Visa is accepted (Crypto.com has the best card), not just shady websites which you seem to keep harping on about. The USDC to Fiat conversion happens at Visa's end, nothing changes for the retailer, they still get paid in Fiat. Crypto.com's card requires you to convert your crypto into Fiat to use, so no different to a bank but allows you to keep money on the exchange and earn the cashback rewards (this card has been out for a couple of years).

 

[bzparkes]

In the short term the solution might be a POS terminal charging in AUD and the card live-converting <insert crypto of choice> to AUD. Similar to when you buy from overseas and pay in USD but it converts to an AUD charge on your card.

Merchant receives AUD, Customer pays in XRP type thing. Which crypto you use and the card issuers probably determines exchange rate etc.. etc...

The already is a group called Epay doing exactly this I believe. Haven't looked into it myself but was referred to it by the lead dev of FUD a couple of months ago. Apparently already trialed at a few music festivals in Australia.

 

[bzparkes]

You can use the majority of those cards anywhere that Visa is accepted (Crypto.com has the best card), not just shady websites which you seem to keep harping on about. The USDC to Fiat conversion happens at Visa's end, nothing changes for the retailer, they still get paid in Fiat. Crypto.com's card requires you to convert your crypto into Fiat to use, so no different to a bank but allows you to keep money on the exchange and earn the cashback rewards (this card has been out for a couple of years).

BlockFi doing the same also.

 

[bzparkes]

Not to mention PayPal accepting crypto payments and there's also Travala.

 

[BACCS]

A whale just bought nearly 15M worth of MC (about 2.6M MC) in the last hour and staked it for 12 months

 

[MirosWife]

A whale just bought nearly 15M worth of MC (about 2.6M MC) in the last hour and staked it for 12 months

holy hell. Is that why it’s up by so much in the last hour

 

[BACCS]

holy hell. Is that why it’s up by so much in the last hour

It helped, but was already forming a bullish pattern for a few days and this just tipped it over the edge. At one stage went up 29% in less than a hour haha, retraced a little since then but still up 17% for the day so far. Definitely the biggest MC wallet after the treasury and exchanges now.

 

[Shupe]

A whale just bought nearly 15M worth of MC (about 2.6M MC) in the last hour and staked it for 12 months

Hello. Told you I was doing my due diligence.

 

[MirosWife]

Hello. Told you I was doing my due diligence.

Hello Mr Whale. What are you buying next