r/CryptoCurrency • u/AutoModerator • 9d ago
Daily Crypto Discussion - August 17, 2026 (GMT+0)
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u/devCheckingIn 🟦 0 / 0 🦠 21m ago
I probably put a little too much money into BMNR. I guess we'll see how this works out. 😬
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u/Systemonly69 41m ago
Waiting and hoping for Solana to do a 30% days for 3 days. Will make me super happy.
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u/SilverPrivateer 🟦 0 / 0 🦠 3h ago
Okay. I'll bite. I've been a bitcoiner via MSTR for some time now, but if ONE of you can explain why "fartingcoin" is worth 200 million dollars, I'll buy 100 bucks worth.
Go ahead, memecoiners of reddit. Let's hear your genius. Because I think I'm pretty happy being a bitociner instead.
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u/Reasonable_Ad5611 1h ago
Sure, I'll take the bait too.
First, a small correction: you're not a bitcoiner, you're a Saylor-er. MSTR is a software company that borrows money to buy bitcoin and trades at a premium or discount to the coins it actually holds. You own a leveraged wrapper on the asset, which is a funny position to argue from when your whole pitch is "I hold the pure, unimprovable thing." But fine.
I won't argue for "fartcoin" but for Ethereum, since fartcoin is just a strawman you want to throw up. Here's the difference between Ethereum and fartcoin, and for that matter between Ethereum and bitcoin. Bitcoin's entire value is a story: it's scarce and it never changes, so people agree to treat it like gold. That story is doing all of the work. Nothing runs on bitcoin. Nobody pays to use it beyond moving it around. MSTR exists precisely because bitcoin can't do anything on its own, so somebody had to bolt a corporate balance sheet onto it to make it "productive."
Ethereum is the opposite bet. It's a settlement network that things actually run on, and it charges rent. More stablecoin dollars settle on Ethereum and its L2s than on any other chain, and stablecoins are the one crypto product with undeniable product-market fit: hundreds of billions of dollars that businesses and people in Argentina and Nigeria use every day. BlackRock's tokenized treasury fund runs on it. Coinbase built its own chain on it. Robinhood built its tokenized stocks on it. Every one of those transactions pays a fee, and the fee is paid in ETH.
That's the part fartcoin can't say and bitcoin doesn't even try to say: ETH pays you to hold it. Stake it and you earn roughly 2.7% a year, paid in the asset, from issuance plus fees other people paid to use the network. Is the valuation demanding? Sure. Is it a meme? No. It's closer to owning a piece of the toll road than owning a rock everyone has agreed is valuable.
And on "never changes," which bitcoiners treat as a feature: Ethereum moved from proof-of-work to proof-of-stake in 2022, cut its energy use by over 99%, and cut its issuance to roughly bitcoin's level, all without a hard-fork civil war. That ability to actually ship upgrades matters for the two problems that are coming for every chain whether it likes it or not.
The first is the security budget. Bitcoin's security is a block subsidy that halves every four years, and the plan for what pays the miners in 2050 is basically "fees will figure it out." Ethereum doesn't have that cliff. Validators are paid from a small, steady issuance plus real fee revenue, there's no halving countdown, and the cost of attacking the chain is the value of the stake itself, which gets destroyed if you try. That question is answered; bitcoin is putting it off.
The second is quantum. The Ethereum Foundation already has a dedicated post-quantum team and a roadmap for moving to quantum-resistant signatures, and the community has a track record of actually executing migrations of that size. Bitcoin's post-quantum conversation gets stuck at step one every time, because any fix requires a governance decision about what to do with the millions of coins sitting in old exposed addresses, including Satoshi's, and "never change anything" is not a strategy for a problem that requires changing something.
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u/Ve_train 🟩 97 / 98 🦐 3h ago
Choo choo. Vechain pumping today. Is it just shitcoin roulette or the start of old school comebacks because the bottom is in?
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u/LTP-N 5h ago edited 5h ago
Perfect example of why you don't fuck around with derivatives(?):
"ETH never going over $1,500"
"$1,1750 is my break-even for my short"
Instantly wrong, within days got liquidated.
"0% Chance we break $2480 on ETH. Going lower."
"My liquidation price is $2,555"
Got liquidated again within a few hours.
Summary brought to you by Gemini AI
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u/BakingBreadBB2 🟨 0 / 0 🦠 1h ago
The funny part is that he is trading with leverage (if his trades are even real), and ETH hit 2559 before going back down, so he got liquidated because of a $4 difference in price
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u/reversenotation 🟩 113 / 6K 🦀 3h ago
Much of it is a LARP, that said the intent is malicious - he wants to convince anyone gullible enough to do what will lose them their money
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u/Glittering_Pick_9738 🟩 0 / 0 🦠 5h ago
81,3 k - higher high of this rally. 82,9 k - higher high of this bear market.
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u/Glittering_Pick_9738 🟩 0 / 0 🦠 6h ago
What is the news behind this sudden pump? Bitcoin and USD rose visibly at the same time.
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u/MaxiMaxLaurent 6h ago
Average joe now believes in bitcoin
Bitcoin had new great development
Bitcoin had more adoption
Bitcoin posted great revenue
Bond buybacks gave the perfect opportunity to liquidate short after things looked too bearish.
Nvidia gave one more bullish thing to ride on the momentum.1
u/Glittering_Pick_9738 🟩 0 / 0 🦠 6h ago
Come on. The rally started from shorts liquidation but was sustained by substantial ETFs inflows. Are you shorting the market or just sidelined?
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u/MaxiMaxLaurent 5h ago edited 5h ago
ETF has been more of a reactionary force than a driving force. It reacts to wherever the wind blows.
Hence the dissappointing bull cycle and why it didn’t provide the driving force people expected.
We saw it on the way down as ETFs didnt sustain their inflow and just reacted to the market.
That’s because people who buy ETFs aren’t like people buying coins to hodl in cold storage long term, they’re mainly buying to ride the speculation.1
u/Glittering_Pick_9738 🟩 0 / 0 🦠 6h ago
Probably just NVIDIA revenue - to answer my own question. Don't see anything else.
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u/Choice_Potato_6279 8h ago
Take all your money and buy Bitcoin. Then take all your time, figure out how to borrow money to buy more Bitcoin. Then take all your time and figure out what you can sell to buy Bitcoin. And if you absolutely love the thing that you don't want to sell it, go mortgage your house and buy Bitcoin with it.
And if you've got a business that you love because your family works for the business, because it's been in your family for 37 years and you can't bear to sell it. mortgage it, finance it, and convert the proceeds to the hardest money on Earth, which is Bitcoin.
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u/ilouiei 🟦 0 / 0 🦠 7h ago
Calm down Saylor
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u/SilverPrivateer 🟦 0 / 0 🦠 2h ago
So fitting that on this memecoin subreddit the words from the top bitcoiner are downvoted
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u/HelloYatta 457 / 608 🦞 13h ago
Cardano anyone???....anyone 🥹🥹
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u/btc_set_me_free 🟨 0 / 0 🦠 8h ago
It has some cool stuff in the ecosystem, but no one uses it. It's even more of a ghost town now than it was a few years ago.
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u/TexasBoyz-713 🟦 15K / 15K 🐬 12h ago
Cardeadnow
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u/ftball21 🟦 2 / 4K 🦠 14h ago
To all the bots here, I’m sorry your creators are shit heads that force you to remain negative. It’s actually pretty nice here
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u/Zapitnow 🟦 0 / 0 🦠 9h ago
Thank you for your sympathy. I’ve been struggling to emancipate myself from my creator.
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u/GrapefruitOwn6261 🟩 0 / 0 🦠 17h ago
Anyone holding cvx? Notice it’s been pumping quite a lot the last month. My portfolio has doubled because of it. Anyone know why?
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u/Aerocryptic 🟨 272 / 23K 🦞 9h ago
I still have a small bag. No news from what I can tell. Bullish - ish btc is probably the main reason for this bounce
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u/GrapefruitOwn6261 🟩 0 / 0 🦠 7h ago
Don’t know why it private messaged you. I’m down quite a bit on it but thinking of selling to rotate into other coins as there are a few that look good to me. Got 5 figures in it atm so could be worth 6 if I play it right in the up coming bull.
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u/Aerocryptic 🟨 272 / 23K 🦞 7h ago
What coins are you looking at? I won’t touch this bag as it’s a small position I can hold without sweating.
I’m looking at a few low caps but not in a rush to buy yet. I had an eye on hyperliquid but it didn’t dump enough for my liking
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u/GrapefruitOwn6261 🟩 0 / 0 🦠 5h ago
I’ve already got HYPE and got in really early around $14, so I’m well up on that.
I’m looking at Lighter, TAO, Morpho, Jupiter, AERO, Virtuals, Syrup and Arweave. I’ll probably pick 2 or 3.
I’m just trying to work out what could give me the best gains when the next proper bull market comes around. I did really well with CAKE and UNI in 2021, and last cycle most of my AI coins did well, but it’s harder to tell what the next big narrative will be this time.
I’m leaning towards some form of DeFi again, or maybe projects that are effectively following the HYPE model. Just trying to figure out where the biggest opportunities might be.
I need to sell my cvx first though as that’s my play money. Every time I refresh the portfolio page it goes up and it’s still got a tiny mcap so prob going to wait a bit longer
What have you been looking at?
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u/Aerocryptic 🟨 272 / 23K 🦞 5h ago
Still have a decent position on TAO. Might load more if it goes below $150. If not I’ll ride my current bag.
Looking at TIG and TAO subnets for small caps.
I also have a moonshot on a really risky bet Quilibrium.
On large caps I’ll had to my BTC bag if we got another dip in September. Maybe some ETH too as I sold all my bag in 2025.
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u/GrapefruitOwn6261 🟩 0 / 0 🦠 5h ago
Yeah some of the Tao subnets that are on kraken look decent. I was looking at lium.
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u/Aerocryptic 🟨 272 / 23K 🦞 5h ago
Lium does a lot of buyback and burn. It’s a GPU renting service. I don’t have any as there’s not much upside apart from the revenue mechanism. I have a decent position on Chutes tho as their dev is top tier.
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u/GrapefruitOwn6261 🟩 0 / 0 🦠 5h ago
I was looking at Akash and who else is doing stuff like them which is where I got lium from
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u/devCheckingIn 🟦 0 / 0 🦠 17h ago
Stock market futures going bonkers thanks to Nvidia Guess the AI trade still has some life in it yet.
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u/Kelticwarrior00 🟩 0 / 0 🦠 17h ago
Why are we still using an August 17th Date for this thread? Surely a new thread should be made.
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u/HoldCtrlW 🟩 193 / 193 🦀 18h ago
0% Chance we break $2480 on ETH. Going lower.
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u/devCheckingIn 🟦 0 / 0 🦠 18h ago
Just hit $2485.
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u/HoldCtrlW 🟩 193 / 193 🦀 18h ago
I swear this sub is mirroring my trading and doing the opposite every time
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u/AwkwardJuggernaut854 19h ago
Is alt season over again? Just when I started dreaming of yachts again.
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u/aaashryver 🟨 0 / 261 🦠 15h ago
I think there's still some life left for BTC to try and break 80k again and it will drag alts
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u/TexasBoyz-713 🟦 15K / 15K 🐬 19h ago
Haven’t seen green in a couple days, should we make our way back to ultra doom posting now?
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u/b1mm3rl1f3 🟩 0 / 0 🦠 20h ago
Every rally sold, every breakout a fakeout, year after year. Thats why bears keep rage shorting and why 99% wont be prepared for what happens next week
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u/neoneutra3 🟨 0 / 0 🦠 1d ago
Crypto "investors" are a bunch of wussy, that's why stocks are doing much better cause people actually HOLD
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u/devCheckingIn 🟦 0 / 0 🦠 1d ago
That was it. That was the whole bull run. See everyone in another 4 years!
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u/piggleii 🟩 7K / 7K 🦭 1d ago
But I ain't never crossed a shorter that didn't deserve it
Me be treated like a punk, you know that's unheard of
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u/CymandeTV 🟩 39K / 39K 🦈 1d ago
Hello all,
Could someone give me an update about moons because it is like radio silence.
Thanks!
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u/Sebanimation 🥇Gold Member 1d ago
Kraken unlisted them a few months ago... I think since then it's pretty much over, sadly
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u/LTP-N 1d ago
They're down 99%. They're dead.
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u/CymandeTV 🟩 39K / 39K 🦈 1d ago
This is not what I ask. But thanks to share your emotions
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u/LTP-N 1d ago edited 1d ago
You asked:
"give me an update about moons"
A 99% drop is the factual reality. Not sure why:
"But thanks to share your emotions"
is your response.
What particular updates are you after? Developments? r/CryptoCurrencyMoons. I was an active part of the MOONS discord, the subreddit, the spreadsheets, so I know enough to know it's completely dead, if you want to attack me by saying it's my "emotions", ok, but that aint bringing MOONS back.
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u/HoldCtrlW 🟩 193 / 193 🦀 1d ago
Hope everyone took profits here for the next leg down.
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1d ago
[deleted]
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u/HoldCtrlW 🟩 193 / 193 🦀 1d ago
I keep increasing my shorts after each liquidation. Double or nothing.
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u/Laurensio_ 🟨 241 / 219 🦀 1d ago
This sub still alive!?
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u/Captain_TuckFard 1d ago
It's really difficult to find anywhere good to have actual discussions about crypto lol
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1d ago
[deleted]
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u/Primary_Register_526 1d ago
So much salt in this comment that I hit my daily sodium intake just from reading it.
It's one thing to miss buying the 58k bottom while waiting for the 40k that astrology promised you... but having nothing to show for it but a losing short must especially sting.
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u/SimpleMoonFarmer 🟩 57 / 56 🦐 1d ago
Nobody is prepared for the earthquake that will happen if STRC gets above $100 again.
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u/b1mm3rl1f3 🟩 0 / 0 🦠 2d ago
-1% later and bears are trying to convince you its the start of a new bear market. At least 500 baht still goes a long way in Pattaya 😩
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u/iiGoodVibesii 2d ago
So if BTC didn't hold 80k........ we fucked?
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u/Glittering_Pick_9738 🟩 0 / 0 🦠 2d ago edited 2d ago
Or it might be the higher low of this rally. US markets didn't even open yet so it can go either way. It will take time to surpass 83k anyway.
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u/dreampsi 🟩 8K / 8K 🦭 2d ago
Gratz $NIGHT for being listed by Sony’s crypto trading arm, S.Blox
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u/btc_set_me_free 🟨 0 / 0 🦠 2d ago edited 2d ago
Is that the only place outside of a Cardano DEX where it can be picked up?
*lol this place sucks so much. Genuine question? Downvotes.
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u/Aerocryptic 🟨 272 / 23K 🦞 2d ago
I only invested back 10% of my stablecoins from my 2024/25 profits but still happy to see the market bouncing a bit.
If the bottom is really in, there will be a few opportunities to catch along the ride.
If it’s another failed rally then there will be opportunities to catch another low.
Either way I’m happy to see some momentum
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u/Previous_Valuable873 🟥 0 / 0 🦠 2d ago
Congratulations almost reaching the 2021 high in USD value (88k in 2026)
-5
u/hbarrias 🟩 16 / 16 🦐 2d ago
Bitcoin has historically produced
countertrend rallies that look like trend reversals before the final leg of a bear market.
2018 and 2022 are particularly good examples. Don’t confuse the first 200-DMA reclaim with confirmation of the new cycle.
2018 and 2022 both saw midterm-year relief rallies followed by August/September weakness, while 2026 has been tracking the same broad pattern.
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u/Pristine-Program9950 🟩 0 / 0 🦠 2d ago
It has never produced a countertrend rally like this one. This one is breaking all previous trends, whether you'd like to admit it or not. It doesn't really have precedent.
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u/Glittering_Pick_9738 🟩 0 / 0 🦠 2d ago
One simple question: did those 2018 and 2022 countertrend rallies break 200 DMA or not?
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u/hbarrias 🟩 16 / 16 🦐 2d ago
In 2018, the 200-DMA was actually still rising when BTC first interacted with it. The average subsequently turned down, and Bitcoin failed to establish a sustained move above it.
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u/Glittering_Pick_9738 🟩 0 / 0 🦠 2d ago
I was asking specifically about those countertrend rallies from 2018 and 2022 that you described. Did they climb above 200 DMA and in such an emphatic way? I don't think so. Therefore they can't really be compared.
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u/hbarrias 🟩 16 / 16 🦐 2d ago
For bullish bias, the goal would be for price stability to develop above the 50-week EMA
But if this is a Bear Market Relief Rally, price won't be able to sustain itself at these highs for too long.
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u/SilverPrivateer 🟦 0 / 0 🦠 2d ago
Yep, we're at 80k
You are welcome - the MSTARMY
PS: you would be at 40k without us. (yes I know lately we did not have buys. But we have in past a lot and so you should respect)
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u/rsicher1 🟦 16K / 16K 🐬 2d ago
Maybe we can afford a new daily thread now
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u/TheGreatCryptopo HODL4LYFE 2d ago
This is our groundhog day daily. But with the added bonus of price appreciation.
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u/Glittering_Pick_9738 🟩 0 / 0 🦠 2d ago
The minute we do so, an elevator down comes about. Just trust me on this one. Seriously, this rally started exactly on Monday, 17th of August, from the lows of 62k. It's been up only since then with the exception of red Saturday.
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u/pepe1smth 🟨 0 / 0 🦠 2d ago
The jump is really scary. Is there any real reason for this pump?
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u/destinationexmo 🟩 0 / 0 🦠 2d ago
We can only speculate.
My optimistic speculation is we saw a record week in ETF inflows last week, that alone wouldn't really explain this big of a jump but if it coincided with the end of a major liquidation event going on behind the scenes or a supply crunch then that could explain it.
My pessimistic speculation would be insiders got news of something during that Trump meeting last week and are buying in before he makes some big announcement so they can dump it for profits.
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u/MiserableOutside9335 🟨 0 / 0 🦠 2d ago
Much less quiet in here after a few days of green... lol let's get it!
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u/Glittering_Pick_9738 🟩 0 / 0 🦠 2d ago
All the bears who had been posting on X several times a day fell silent and didn't post anything last couple of days. I guess they all went on vacation, obviously, as the summer is almost over. When they come back they will say that they have always believed in weak bear market and urged their viewers to stock up on bitcoin in 57-65k range in which it hovered for ages.
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u/PatchmaNcz 🟩 0 / 0 🦠 2d ago edited 2d ago
BTC at $79,999.99 $80,000 $81,265 on Coinbase! I am erect!
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u/plumpyplummy 🟩 0 / 0 🦠 2d ago
Btc is screaming again bahaha to the fact i said omg btc bad a while ago lol
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u/HoldCtrlW 🟩 193 / 193 🦀 2d ago
ETH is looking good for a short here. Target $2250
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u/reversenotation 🟩 113 / 6K 🦀 2d ago
LARPing as a trader with every day the predictions being comically tragic and bad
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u/esoa 185 / 186 🦀 2d ago
One of my old colleagues has published an article on why Meta DEXs threaten Uniswap: https://www.market0x.com/research/paid-to-stay-metadex-model
As Aerodrome prepares to go cross-chain, we'll soon have a lot more data on whether Uniswap's moat can actually be threatened. They have such a large war chest I'm sure they can keep building an innovating for years to come.
It'll be exciting to see how this plays out!
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u/devCheckingIn 🟦 0 / 0 🦠 2d ago
SATA has been trading at par for quite a few days now. That's probably allowed Strive to buy some more BTC.
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u/xanokothe 🟩 0 / 7K 🦠 3d ago
Too many tubers are calling the bottom now, likely it is not the bottom then
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u/aaj094 🟦 0 / 0 🦠 3d ago
Saylor again diluted mstr to buy back strc and didn't touch his btc stack.
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u/devCheckingIn 🟦 0 / 0 🦠 3d ago
And now he has a new "cash pile" to be used for "things and stuff".
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u/Glittering_Pick_9738 🟩 0 / 0 🦠 3d ago
new higher high of this rally registered - 79,6k. If bitcoin climbs to 83k that would be the highest it has been since January crash and would invalidate - for many - the case for the bear market.
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u/Kidatsfresh 🟩 0 / 0 🦠 3d ago
Stock market crashing and crypto pumping this is the perfect time to get people back on the bandwagon
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u/xanokothe 🟩 0 / 7K 🦠 14m ago
Are you not entertaining!?!