Thursday, March 16, 2023

😘👉👌 IF YOU TAP YOU WILL CUM 🍆💦

This summary is not available. Please click here to view the post.

🔹 The recent closure of Silicon Valley Bank has brought attention to Bitcoin as a decentralized alternative to traditional banking systems.

🔹 Fractional reserve banking struggles to cope with withdrawals, leading to Bitcoin's secure and non-custodial store of value becoming an attractive option.

🔹 The event also exposed the vulnerabilities of the DeFi sector, emphasizing the importance of decentralization.

🔹 As we navigate the changing macroeconomic landscape, it's critical to stay alert and keep an eye on market updates and policy changes.

Our full medium article ⤵️

https://medium.com/lumerin-blog/heres-how-the-banking-crisis-is-leading-people-back-to-bitcoin-cc1697992c4b

Bitcoin Newcomers FAQ - Please read!

Bitcoin Newcomers FAQ

You've probably been hearing a lot about Bitcoin recently and are wondering what's the big deal? Most of your questions should be answered by the resources below but if you have additional questions feel free to ask them in the comments.

It all started with the release of Satoshi Nakamoto's whitepaper however that will probably go over the head of most readers so we recommend the following articles/books/videos as a good starting point for understanding how Bitcoin works and a little about its long term potential:

Some other great resources include Michael Saylor's Hope.com and "Bitcoin for Everybody"' course, Jameson Lopp's resource page, Gigi's resource page, and James D'Angelo's Bitcoin 101 Blackboard series. Some excellent writing on Bitcoin's value proposition and future can be found at the Satoshi Nakamoto Institute.

If you are technically or academically inclined check out developer resources and peer-reviewed research papers, course lectures from both MIT and Princeton as well as future protocol improvements and scaling resources. Some Bitcoin statistics can be found here, here, here and here. MicroStrategy's Bitcoin for Corporations is an excellent open source series on corporate legal and financial Bitcoin integration.

You can also see the number of times Bitcoin was declared dead by the media (LOL) and what you could have earned if you didn't listen to them! XD

Key properties of Bitcoin

Limited Supply - There will only ever be a maximum of 21,000,000 bitcoins created and they are issued in a predictable fashion per the inflation schedule. Once they are all issued Bitcoin will be truly deflationary. The halving countdown tells you approximately how much time until the next block reward halving.
Open source - Bitcoin code is fully auditable. You can read and contribute to the source code yourself.
Accountable - The public ledger is transparent, all transactions are seen by everyone.
Decentralized - Bitcoin is globally distributed across thousands of nodes with no single point of failure and as such can't be shut down similar to how Bittorrent works. You can even run a node on a Raspberry Pi.
Censorship resistant - No one can prevent you from interacting with the Bitcoin network and no one can censor, alter or block transactions that they disagree with, see Operation Chokepoint.
Push system - There are no chargebacks in Bitcoin because only the person who owns the address where the bitcoin resides has the authority to move them.
Borderless - No country can stop it from going in/out, even in areas currently unserved by traditional banking as the ledger is globally distributed.
Trustless - Bitcoin solved the Byzantine's Generals Problem which means nobody needs to trust anybody for it to work.
Pseudonymous - No need to expose personal information when purchasing with cash or transacting.
Secure - Blocks and transactions are cryptographically secured (using hashes and signatures) and can’t be brute forced or confiscated with proper key management such as hardware wallets.
Programmable - Individual units of bitcoin can be programmed to transfer based on certain criteria being met
Divisible - Each bitcoin can be divided down to 8 decimals, which means you don't have to worry about buying an entire bitcoin.
Nearly instant - From a few seconds on the Lightning Network to a few minutes on-chain depending on need for confirmations. Transactions are irreversible by normal users after one confirmation and irreversible by anyone (including miners) after 6 confirmations.
Peer-to-peer - No intermediaries taking a cut, no need for trusted third parties.
Designed Money - Bitcoin was created to fit all the fundamental properties of money better than gold or fiat
Low fee scaling - Most wallets calculate on chain fees automatically but you can view fee estimates and mempool activity if you want to set your fee manually. On chain fees may rise occasionally due to network demand, however instant micropayments that do not require confirmations are happening via the Lightning Network, an open source second layer payment protocol built on top of the Bitcoin blockchain. The Lightning Network enables Bitcoin users to instantly send and receive bitcoin with fees so low that they are negligible.
Portable - Bitcoin are digital so they are easier to move than cash or gold. They can be transported by simply carrying a seed (a string of 12 to 24 words) on a device or by memorizing it for wallet recovery (while cool, memorizing is generally not recommended due to potential for forgetting the seed and the potential for insecure key generation by inexperienced users. Hardware wallets are the preferred method for most users for their ease of use and additional security).
Scalable - While the protocol is still being optimized for increased transaction capacity, blockchains do not scale very well, so most transaction volume is expected to occur on Layer 2 networks built on top of Bitcoin.

Where can I buy bitcoin?

Bitcoin.org and BuyBitcoinWorldwide.com are helpful sites for beginners. You can buy or sell any amount of bitcoin (even just a few dollars worth) and there are several easy methods to purchase bitcoin with cash, credit card or bank transfer. Some of the more popular places to buy bitcoin are listed below.

You can also purchase in cash with local ATMs. Services such as CardCoins let you purchase bitcoin with prepaid gift cards. If you would like your paycheck automatically converted to bitcoin use Bitwage.

Note: Bitcoin are valued at whatever market price people are willing to pay for them in balancing act of supply vs demand. Unlike traditional markets, bitcoin markets operate 24 hours per day, 365 days per year.

Securing your bitcoin

With Bitcoin you can "Be your own bank" and personally secure your bitcoin OR you can use third party companies aka "Bitcoin banks" which will hold your bitcoin for you.

If you prefer to "Be your own bank" and have direct control over your coins without having to use a trusted third party, then you will need to create your own wallet and keep it secure. If you want easy and secure storage without having to learn computer security best practices, then a hardware wallet such as the Trezor, Ledger or ColdCard is recommended.
If you cannot afford a hardware wallet there are many software wallet options to choose from depending on your use case. Mobile wallets like BlueWallet are generally more secure than desktop wallets. Beware of fake mobile wallets and check reviews from reputable Bitcoin websites. Avoid paper wallets or brain wallets.
If you prefer to let third party "Bitcoin banks" manage your coins, try Gemini or Unchained Capital but be aware you may not be in control of your private keys in which case you would have to ask permission to access your funds and be exposed to third party risk. There is a saying in the community, "Not your keys, not your coins". This means that if you don't store your coins in a wallet that you control the keys to, then you do not really own your bitcoin as you have to ask permission from the third party in order to move them.

Note: For increased security, use Two Factor Authentication (2FA) everywhere it is offered, including email!

2FA requires a second confirmation code or a physical security key to access your account making it much harder for thieves to gain access. Google Authenticator and Authy are the two most popular 2FA services, download links are below. Make sure you create backups of your 2FA codes.

Avoid using your cell number for 2FA. Hackers have been using a technique called "SIM swapping" to impersonate users and steal bitcoin off exchanges.

Google Auth	Authy	OTP Auth	andOTP
Android	Android	N/A	Android
iOS	iOS	iOS	N/A

Physical security keys (FIDO U2F) offer stronger security than Google Auth / Authy and other TOTP-based apps, because the secret code never leaves the device and it uses bi-directional authentication so it prevents phishing. If you lose the device though, you could lose access to your account, so always use 2 or more security keys with a given account so you have backups. See Yubikey or Titan to purchase security keys.

Both Coinbase and Gemini support physical security keys.

Watch out for scams

As mentioned above, Bitcoin is decentralized, which by definition means there is no official website or Twitter handle or spokesperson or CEO. However, all money attracts thieves. This combination unfortunately results in scammers running official sounding names or pretending to be an authority on YouTube or social media. Many scammers throughout the years have claimed to be the inventor of Bitcoin. Websites like bitcoin(dot)com and the r / btc subreddit are active scams. Almost all altcoins are marketed heavily with big promises but are really just designed to separate you from your bitcoin. So be careful: any resource, including all linked in this document, may in the future turn evil. As they say in our community, "Don't trust, verify".

Avoid using ad-based search engines like Google or Yahoo: ads are shown based on how much the advertiser bids, and scammers can easily outbid legitimate providers for ad space, since immoral ways of earning money are far more lucrative than moral ways. Use DuckDuckGo instead, which has no ads, and never tracks you as well.
Ignore private messages offering services.
Never enter your seed words in a website of any kind. Hardware wallets will recover by displaying possible seed words on their own interface, never on a website.
Always check addresses on your hardware wallet before sending or receiving. Some malware has been known to replace addresses in your web browser or that you copy-and-paste.
Avoid clicking on links like that look like links, such as https://www.google.com/, without first hovering over it and actually checking where they go to. Just because a link is labelled with an HTTPS address does not mean it actually sends you to that address. It is trivial for someone to comment a link on Reddit that looks like it will send you to one website when it actually sends you to another, and you might not notice the difference until a scammer has gotten all your money, or you have downloaded and installed software that steals your money.

Common Bitcoin Myths

Often the same concerns arise about Bitcoin from newcomers. Questions such as:

Will quantum computers break Bitcoin?
Will governments ban Bitcoin?
Is Bitcoin a Ponzi scheme?

All of these questions have been answered many times by a variety of people. Here are some resources where you can see if your concern has been answered:

Where can I spend bitcoin?

Check out Spendabit, Bitcoin Directory, or Coinmap for a plethora of merchant options. You can also spend bitcoin anywhere Visa is accepted with bitcoin debit cards such as the CashApp card, Fold card or other bitcoin debit cards. Some other useful site are listed below.

Store	Product
Bitrefill, Gyft, and Fold App	Gift cards for thousands of retailers worldwide including Amazon, Target, Walmart, Starbucks, Whole Foods, CVS, Lowes, Home Depot, iTunes, Best Buy, Sears, Kohls, eBay, GameStop, etc.
Spendabit, Overstock, and The Bitcoin Directory	Retail shopping with millions of results
NewEgg and Dell	For all your electronics needs
Bitrefill, Bylls, LivingRoomofSatoshi, Swapin, Coinsfer, Coins.ph, and more	Bill payment
Menufy and Takeaway	Takeout delivered to your door
Expedia, Cheapair, Destinia, Abitsky, SkyTours, the Travel category on Gyft and 9flats	For when you need to get away
Cryptostorm, Mullvad, and PIA	VPN services
Namecheap, Porkbun	Domain name registration
Stampnik	Discounted USPS Priority, Express, First-Class mail postage

There are also lots of charities which accept bitcoin donations.

Merchant Resources

There are several benefits to accepting bitcoin as a payment option if you are a merchant;

1-3% savings over credit cards or PayPal.
No chargebacks (final settlement in 10 minutes as opposed to 3+ months).
Accept business from a global customer base.
Convert 100% of the sale to the currency of your choice for deposit to your account, or choose to keep a percentage of the sale in bitcoin if you wish to begin accumulating it.

If you are interested in accepting bitcoin as a payment method, there are several options available;

Can I mine bitcoin?

Mining bitcoin can be a fun learning experience, but be aware that you will most likely operate at a loss. Newcomers are often advised to stay away from mining unless they are only interested in it as a hobby similar to folding at home. If you want to learn more about mining you can read the mining FAQ. Still have mining questions? The crew at /r/BitcoinMining would be happy to help you out.

If you want to contribute to the Bitcoin network by hosting the blockchain and propagating transactions you can run a full node. You can view the global distribution of reachable Bitcoin nodes on this webpage.

Earning bitcoin

Just like any other form of money, you can also earn bitcoin by being paid to do a job.

Site	Description
WorkingForBitcoins, Bitwage, Coinality, Bitgigs, /r/Jobs4Bitcoins, BitforTip, and Rein Project	Freelancing
Lolli	Earn bitcoin when you shop online!
Purse.io, Bitify, and /r/Bitmarket	Marketplaces
A-ads, Coinzilla.io	Advertising

You can also earn bitcoin by participating as a market maker on JoinMarket by allowing users to perform CoinJoin transactions with your bitcoin for a small fee (requires you to already have some bitcoin).

Bitcoin-Related Projects

The following is a short list of ongoing projects that might be worth taking a look at if you are interested in current development in the Bitcoin space.

Project	Description
Lightning Network	Second layer scaling
Liquid and Rootstock	Sidechains
Hivemind	Prediction markets
Tierion and Factom	Records & Titles on the blockchain
BitMarkets, and DropZone and Beaver	Decentralized markets
JoinMarket, Samourai Whirlpool, and Wasabi	CoinJoin implementation
Peer-to-Peer Exchanges	Peer-to-peer exchanges
Keybase	Identity & Reputation management
Abra	Global P2P money transmitter network
Bitcore	Open source Bitcoin javascript library

Bitcoin Units

One bitcoin is worth quite a lot (thousands of £/$/€), so people often deal in smaller units. The most common subunits are listed below:

Unit	Symbol	Value	Info
bitcoin	BTC	1 bitcoin	one bitcoin is equal to 100 million satoshis
millibitcoin	mBTC	1,000 per bitcoin	used as default unit in Electrum wallet
bit	μBTC	1,000,000 per bitcoin	colloquial "slang" term for microbitcoin
satoshi	sat	100,000,000 per bitcoin	smallest unit in bitcoin, named after the inventor

For example, assuming an arbitrary exchange rate of $10,000 for one bitcoin, a $10 meal would equal:

0.001 BTC
1 mBTC
1,000 bits
100,000 sats

For more information check out the bitcoin units wiki.

Still have questions? Feel free to ask in the comments below or stick around for our weekly Mentor Monday thread. If you decide to post a question in /r/Bitcoin, please use the search bar to see if it has been answered before, and remember to follow the community rules outlined on the sidebar to receive a better response. The mods are busy helping manage our community, so please do not message them unless you notice problems with the functionality of the subreddit.

Note: This is a community created FAQ. If you notice anything missing from the FAQ or that requires clarification, you can edit it here and it will be included in the next revision pending approval.

Welcome to the Bitcoin community and the new decentralized economy!

Please note that this thread will be moderated and non-constructive comments will be removed.

Crypto Trading Guide for Beginners

https://preview.redd.it/0jybmfnxk2oa1.png?width=768&format=png&auto=webp&v=enabled&s=70727219b0f65f08e436026946fd28817d7a9a85

Crypto trading is a popular way for many people to earn extra income. Essentially, it involves buying and selling digital currencies via platforms or exchanges. With the right preparation, many people can make substantial profits.

This guide will explain what crypto trading is all about, covering the basics and methods used. By learning this, you can smoothly trade in the crypto market.

What is crypto trading?

Crypto trading is the buying and selling of cryptocurrencies on the spot market or through contracts for difference (CFD). CFD trading allows you to trade crypto price change contracts without owning the underlying asset. For example, you can buy (go long) if you believe the cryptocurrency value will rise, or sell (go short) if you predict that the value will drop.

Like stocks and other financial markets, cryptocurrency trading can be complicated due to its complex components. Therefore, it is important to understand the assets and technology before trading.

How to trade cryptocurrencies for beginners

There are various approaches to cryptocurrency trading. To begin, you need to prepare several components before entering the crypto market. Here is a guide on how to trade crypto for beginners.

Sign up for Cryptocurrency Exchanges
Before starting crypto trading, the first step you need to take is registering with a cryptocurrency exchange. To open an account on a crypto exchange, you must provide personal information such as personal details, mobile number, and email address. Therefore, it is essential to choose a licensed platform to ensure safety and reliability. The goal is to avoid the risk of fraud or other detrimental actions.
One of the exchange platforms that you can choose is Tokenomy. Tokenomy already has an official license from the Labuan Financial Services and Security Act 2010 (LFSSA), which ensures high-security standards to protect the trading activities of its users. Tokenomy is also ISO 27001 certified, which guarantees the security and confidentiality of user data.
Fund your account
After registering on a crypto exchange, you will need to link a bank account with a digital asset wallet or wallet on the platform. Most cryptocurrency exchanges accept bank payments via debit cards or using wire transfers, which are more cost-effective.
Choose a Cryptocurrency to Invest
There are various choices of cryptocurrencies in which you can invest according to your preferences. Examples of popular crypto assets are Bitcoin and Ethereum. Their price movements are more predictable compared to other altcoins because Bitcoin and Ethereum have a longer history.
Start Trading
You can try crypto trading through licensed digital asset platforms like Tokenomy. With crypto-based financial services such as crypto derivatives trading and dual currency deposit, you can earn profits based on your investment goals.
Save Your Cryptocurrency
There are two types of cryptocurrency wallets for storing cryptocurrency, namely software and hardware wallets. Both provide good security. However, a hardware wallet can provide more protection because the cryptocurrency will be stored on a physical device that is not connected to the internet.

Cryptocurrency Trading Basics

For new investors, it is highly recommended to have an understanding of how the crypto asset market works. You can conduct in-depth research first, so you can make the right decisions in buying and selling activities.

The transaction process in Bitcoin trading is actually simple but quite complex in nature. For example, when exchanging into fiat currencies such as US Dollars, you can use various trading pairs to increase profits while adding to the investment portfolio.

Usually, crypto trading and risk exposure increase along with complexity. Therefore, make sure you have a trusted trading community and platform to get more credible information.

Crypto Trading Structure

Basically, crypto trading is a zero-sum game, meaning that there are winners and losers. In this case, the party in question can be a seller or a buyer. Therefore, having a basic understanding of the cryptocurrency market can help minimize the risk of loss and optimize profit potential.

When there is more buying activity than selling, prices usually go up. This indicates a high demand for the asset. Conversely, if more people are selling than buying, the price will fall.

Read the Market

To a layman, the crypto market may seem like a complex system that only specialists understand. But once you start to understand it, the concept of crypto trading will feel much simpler. Reading the market is an ongoing process of finding patterns or trends over time that traders can act on. Overall, there are two market trends: bullish and bearish.

A bull market or bull run occurs when price activity continues to increase. These upward price movements are also known as “pumps” because many buyers can increase the price. Meanwhile, a bearish market or bear market takes place when prices appear to continue to decline. These downward price movements are also known as “dumps”, where mass selling of assets results in lower prices.

Technical analysis

Technical analysis (also known as technical analysis) is a method of analyzing past market data, especially regarding prices and volume, to predict price action. Although there are a wide variety of indicators for technical analysis, such as their complexity, that traders can use to analyze the market. Following are some basic macro and micro level tools.

Market structure and cycles
Technical analysis is needed not only to position yourself in an ever-changing market but also to navigate the ebb and flow that occurs. You do this by understanding the existing market structure and cycles.
This market cycle can be divided into four main parts, namely accumulation, markup, distribution, and decline. When the market moves between these phases, traders will continue to adjust their positions by consolidating, retracing, and correcting things deemed necessary.
Chasing whales (whale)
Price movements are mostly influenced by whales, namely individuals or groups that have large funds for trading. Some whales act as “market makers” who set selling prices and buying prices on both sides of the market.
The goal is to create asset liquidity while generating profits in the process. Whales are usually present in almost all markets, from stocks and commodities to cryptocurrencies. Traders can team up with whales to profit from their strategies.
Psychological cycle
Although the concepts of bull markets and bear markets are often referenced in trading markets, psychological cycles also play a role in providing a more detailed spectrum of market sentiment.
In trading, emotional behavior can also significantly affect the market. One of them is euphoria driven by the fear of missing out (FOMO) of those who have not been able to position themselves in the market. Therefore, traders should not involve emotions in developing trading strategies. They should be decisive in every action of their cryptocurrency trading.

Basic tools

Traders must be able to detect patterns and cycles in the market to gain clarity from a macro perspective. Because the macro perspective plays an important role in determining their actual strategy. Here are some of the most basic technical analysis indicators:

1.Support and Resistance
Support is the price level where the downward trend stops due to the entry of demand. Meanwhile, resistance is a price level where the upward trend tends to stop due to mass selling.
Traders often use support and resistance levels to determine price direction, allowing them to adapt quickly when price levels break the upper or lower boundaries.

https://preview.redd.it/lbjr3qk6l2oa1.png?width=300&format=png&auto=webp&v=enabled&s=cddca4cdcfa8ae68b7ea3138ec1acb2ea255ddd6

Trendline
Trendline is a sequence of support and resistance levels that can indicate the larger trend in the market. Traders tend to pay attention to the support level of the uptrend line, as it shows certain areas that help prevent the price from going lower.

https://preview.redd.it/uu3mec1rl2oa1.png?width=300&format=png&auto=webp&v=enabled&s=7c7950ea6029a86cab788e3f91be6d02318d28cd

Similarly, when the market trend is down, traders will watch for a sequence of descending peaks to connect them to a trendline.

Round numbers
Round numbers price levels can influence support/resistance levels, as inexperienced or institutional investors tend to fixate on them. When a large number of trades are centered around a round number, it can be difficult for the price to surpass this point, creating a resistance. This incident occurs quite often. Proving the fact that traders are easily influenced by their emotions and tend to take shortcuts to gain profits.
1. Moving Averages
  With the market’s history of support/resistance levels producing downtrend/uptrend lines, traders often refine this data to create a single visual line representation known as a ‘moving average’.

https://preview.redd.it/1rmv98wwl2oa1.png?width=300&format=png&auto=webp&v=enabled&s=4f4d386a3918bc7d75418a08090e3e28403b749d

The moving average will track the lower support levels of an uptrend, along with the peaks of resistance during a downtrend. When analyzed in terms of trading volume, moving averages provide a useful indicator of short-term momentum.

Chart pattern
There are various ways to chart the market and find patterns in it. One of them is candlestick chart patterns which provide a kind of visual language for traders to anticipate possible trends.

https://preview.redd.it/fybmjv23m2oa1.png?width=209&format=png&auto=webp&v=enabled&s=df851c016e317d794bd1dc9a4112d951443d5b87

Candlestick charts originated in Japan in the 1700s as a method of depicting the movement of a stock over a period of time. This method allows for predicting future stock prices.

Fundamental analysis

Apart from technical analysis, fundamental analysis also plays a role in determining the potential of a particular crypto asset in the market. Fundamental analysis is the study of an industry, technology, or other assets of the market. In the case of cryptocurrencies, the trading portfolio consists of Bitcoin and altcoins. There are several factors to consider in the fundamental analysis of a new asset.

Developers
Developers are an essential factor to consider before investing in cryptocurrency assets. It is crucial to assess the integrity and capability of the developer behind it. What is their track record? What software ventures have they brought to market in the past? How active are they in developing the protocol underlying the token? Since many projects are open-source, you can view them live via platforms like GitHub.
Community
The community plays a very important role in cryptocurrency trading projects. The combination of users, token holders, and crypto enthusiasts can provide the best boost in this asset market. This is especially true considering that every new technology cannot be separated from social elements. However, there are times when the discussion space becomes toxic due to disputes. Therefore, make sure you join a healthy and transparent community so you can obtain credible information.
Technical specifications
The core technical specifications for crypto assets cover the choice of network algorithms (how to maintain security, uptime, and consensus) and issue/emission features such as block times, maximum token supply, and distribution plans. By understanding the various cryptocurrency network protocols along with monetary policies, a trader can determine whether the feature supports a potential investment.
Innovation
Developers and entrepreneurs are not only discovering new use cases for the Bitcoin blockchain but are also designing new protocol innovations to accommodate a wider range of applications.
Liquidity (and Whales)
Liquidity is crucial for a healthy market. Is there a reputable exchange that supports certain crypto assets? If so, what trading pairs are available? Is there a healthy trading/transaction volume? Are there any major stakeholders present in the market? If so, what is the impact of their trading pattern? However, generating this liquidity takes time, as newly active protocol innovations don’t necessarily have instant access to liquidity. Moreover, whales, or investors with large amounts of crypto assets, can also have a significant impact on liquidity and price fluctuations.
Branding and Marketing
Most cryptocurrency networks do not have a central figure or company that facilitates the branding and marketing of their technology. As a result, their branding may lack a cohesive plan or direction. In fact, a comparative analysis of the marketing efforts of core developers, corporations, foundations, and community members can provide a detailed picture of how investors communicate value propositions to the masses.

Infrastructure

The quality of crypto trading infrastructure can be seen as a manifestation of the technical specifications of the project. Regardless of what the white paper says, it’s worth mapping stakeholders, developers, block validators, companies, and users. In addition, it is important to understand who the administrators of the network are, their role in securing the network, and how power is distributed among these stakeholders.

On-chain analysis

Because all cryptocurrencies operate on blockchain technology, a new type of analysis has emerged that relies on data from the blockchain, namely on-chain analysis. By examining supply and demand trends, transaction frequency, transaction fees, as well as the rate at which investors are holding and selling cryptocurrencies, analysts can make appropriate qualitative and quantitative observations about the strength of blockchain networks.

On-chain data also provides valuable insights into investor psychology. Analysts can align various macro- and microeconomic events with investor actions that are permanently recorded on the blockchain.

Crypto trading vs stock trading

Cryptocurrencies and stocks are two very different types of investment vehicles. Shares represent ownership in a public company, with each share entitling the owner to a percentage of the company. Investors can profit by selling their shares to other investors, with the difference between buying and selling prices known as a capital gain.

On the other hand, cryptocurrency is a digital asset that exists only on the internet. It has no physical components and only exists as entries on an online ledger.

Crypto trading is risky

Risk management is an important aspect of trading, including in crypto trading. Before entering the world of trading, it is important to determine how much you are willing to potentially lose in crypto trading, which is based on factors such as your trading capital.

However, it is nearly impossible to predict future market activity with certainty. In the end, it is important to make decisions independently using information and strategies that have been prepared beforehand, taking into account your preferences, personality, trading capital, risk tolerance, and other factors.

Cardano Daily Discussion - March 16, 2023

Hello everyone,

Welcome to the Cardano Daily Discussion!

The standard sub rules apply here (see sidebar), with the exception that price discussion is allowed in this thread, though we encourage you to try not to make this the focus and talk about the project itself. Please ask questions, help others and be civil - be sure to get involved in Project Catalyst too!

If you're new, please make sure you're read through the newbies guide and share it with others (use the ?newbies comment command to reference it).

⚠️ Scam Warning ⚠️

Please read the Cybersecurity guidelines for Cardano Users.

There are ongoing giveaway scams on youtube and many scammers lurking in Cardano's social channels impersonating ambassadors/moderators/official staff contacting users via direct messages.

For example, searching 'cardano' on youtube and sorting by most recent upload date shows several giveaway scams running (all videos in screenshot are scams):

Ongoing 'giveaway' scams on Youtube

The youtube scams are automated; use stolen footage usually of Charles Hoskinson and are restreamed so to appear to be 'live'; appear to have many watchers (which are bots); use bought hacked channels and are edited to appear like official channels.

See this post for more examples of what they look like

Do not be fooled!

To be clear:

⚠️ There is no such thing as a Cardano giveaway
⚠️ Never share your seed phrase with ANYONE
⚠️ Never send ADA to someone promising to send you more ADA back
⚠️ You will never be contacted by ambassadors/moderators/staff

Please report scams on the Cardano Fraud Detection Bureau.

⚠️ Scam Warning ⚠️

https://preview.redd.it/60ofludzpq8a1.png?width=284&format=png&auto=webp&v=enabled&s=7d58fc8aaa2eb5f125624608b97bdd7b943a1111

Midnight Subreddit

In anticipation of Input Output's new data protection blockchain 'Midnight', I've managed to acquire r/Midnight through some negotiation and repurpose it for the Cardano Community (the sub was created for a card game back in 2011 but was mostly unused).

I decided to do this as I thought the project will eventually need a home on reddit and best to setup now before any scammers do. Obviously there's not much to post about on there right now as it's early days as the project is yet to be released, but if you'd like to be kept up to date on the project please feel free to join the new subreddit if the project interests you and I'll be sure to post updates as and when they become available.

Right now the sub is mostly a carbon copy of r/cardano, I've copied most of the automod and rules over, so certain aspects may seem a little incongruent atm, but I'll tailor and tweak the sub as we go. Feel free to send me or post any input if you want stuff to change.

Cheers all