Hot post from subreddit r/cryptocurrency

As we say farewell to 2022, I thought it might be a good idea to crowdsource a basic list of red flags when considering an investment in a new project. A few of mine: Excessive use of emojis in sales pitch Absence of a detailed roadmap Promise of a ridiculously high yield Core team members described as “fully doxxed” rather than “open to public scrutiny” or similar Poorly defined usecase with no clear advantage over existing projects Mobile apps that are embedded with trackers and advertisements submitted by /u/zoomercoomer9000 [link] [comments]

12 months ago I wrote here that Litecoin had delivered its 100 millionth transaction over 10 years. In just one year it added to that very large base another 39% increase in transactions. Off chain stats tell a similar story with the oldest crypto payments processor BitPay seeing growth of Litecoin to 27% of all payments, just shy of exceeding the share of all other altcoins on the platform COMBINED. Before Litecoin was added, Bitcoin was well over 50% share while eth and bch managed around 11%. Litecoin changed the game. ​ Google bitpay stats for monthly share updates For years I’ve heard people downplay the importance of payments, they were less sexy than smart contracts, yesterday’s news, but everything moves in cycles. The cycle where litecoin outperforms smart contracts has already begun, those chains are bleeding against ltc. That’s the inflection. Since Litecoin didn’t outperform in the ’21 bull market, and thus didn’t take on long leverage it has to work off now, will there be short leverage, thanks to Mike Novogratz’s buddies that it gets to work off in the other direction? What happens next year as we approach litecoin’s 3rd halving? All we can do is look back. It’s not predictive, but it is informative. In 2015 coming out of the first cryptowinter, litecoin 7x’d outperforming everything early in the cryptothaw. In 2019 it did similar 6x’ing against the grain and with Mike Novogratz openly shorting it (I suspect he and his will be less open about what they’re doing this time). In neither instance was litecoin’s payment dominance so pronounced. It’s infrastructure was better than average back then, it’s incredible now. I absolutely believe litecoin deserves outperformance this year more than anything else out there, partly because of how much it has outperformed on adoption and how much it’s underperformed in investment. Litecoin is Deep Clucking Value. Some will say fundamentals don’t matter, it’s all just a casino, but I believe while markets are a popularity contest in the short run, in the long run they’re a weighing machine. LTC’s network has performed like a boss in every fundamental, adoption above all. Will the market give it what it deserves? Buckle up for 2023, we’re about to find out. submitted by /u/noduhcache [link] [comments]

Link to tweet The irony in this tweet is incredible. The only way to have free and unlimited access to your own funds is with your own wallet. Celsius, Voyager, BlockFi, FTX users have lost billions of dollars by trusting centralized exchange. Centralized exchanges aren’t the way how crypto should be used, Satoshi created Bitcoin as a peer-peer decentralized currency that you didn’t have to trust anyone with. You might think your exchange won’t do this, the recent proof of funds shows that most of the big exchanges – Crypto.com, Binance have something fishy going on. So, do yourself a favor and move your funds to an external wallet and use crypto the decentralized way! submitted by /u/norrissifford8474 [link] [comments]

After this hell of a year with literally the most un-predictable things happening that surely caused a lot of havoc and panic all year long in Crypto. From LUNA to FTX, this year has been literal hell for crypto. And in such a situation its completely normal that humans tend to just look at the ton of negative things happening but not focus on the positive developments in Crypto too. Even if there are not many, there are many crucial ones that are worth more than all the negative events of this year. One of that is the most simplest thing, the sheer fact that Bitcoin has been going from block to block no matter what was happening or will happen. The blockchain size of BTC is just increasing forever and no matter how huge the miner capitulation may be or the hash rate declines. Bitcoin will regulate itself and push the Difficulty down too, causing more miners to enter and drive the hash-rate back up. Its a self-regulating system. ​ Bitcoin blockchain size chart from Statista As we can see on this graph the size of the BTC blockchain is ever-increasing. Now it is as roughly 445GB as we are talking and there has never been any disturbance in that curve. No matter a bear market or some black swan event. On average the blockchain size is said to be increasing 125% in one year. So lets not just look at the negative things but at the many positive things too. submitted by /u/partymsl [link] [comments]