General Crypto Banter - Page 5 | General Non-related | TORN
General Crypto Banter
  • Evil-Duck [1182047]Evil-Duck [1182047]
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    Posted on 10:12:46 - 14/05/21 (6 months ago)
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    Buy BTC, ETH and an optional small bag of 'solid' projects such as Uni / DOT / SOL and wait. Don't try and play trader unless you've actually had previous experience on day / swing trading regular markets. 9 times out of 10 you'll get stung when the bear market rolls around

    Buy with the aim of a long term investment (think 5+ years) and stop worrying about the day to day price movements.

    My holdings (since 2016/2017) BTC & ETH. Currently portfolio sits at 60% ETH, 40% BTC thanks to ETHs recent run

    Peace
    Last edited by Evil-Duck on 10:14:37 - 14/05/21
  • TDT RedRocket_Aath [2200354]RedRocket_Aath [2200354]
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    Posted on 14:54:31 - 14/05/21 (6 months ago)
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    Evil-Duck [1182047]

    Buy BTC, ETH and an optional small bag of 'solid' projects such as Uni / DOT / SOL and wait. Don't try and play trader unless you've actually had previous experience on day / swing trading regular markets. 9 times out of 10 you'll get stung when the bear market rolls around

    Buy with the aim of a long term investment (think 5+ years) and stop worrying about the day to day price movements.

    My holdings (since 2016/2017) BTC & ETH. Currently portfolio sits at 60% ETH, 40% BTC thanks to ETHs recent run

    Peace
    although as for long term you have to be aware and fearful of things such as government crackdowns and control on it. indians and turks are a bit burned on that for example.
  • JFK™ Remy [273777]Remy [273777]
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    Posted on 17:47:20 - 14/05/21 (6 months ago)
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    XRP & XLM.
  • HAKA Blunt [2076337]Blunt [2076337]
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    Posted on 18:20:06 - 14/05/21 (6 months ago)
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    Remy [273777]

    XRP & XLM.
    XLM near term is looking real good. Especially now that they are working with visa on settling crypto payments in crypto
  • HAKA Blunt [2076337]Blunt [2076337]
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    Posted on 18:26:04 - 14/05/21 (6 months ago)
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    Evil-Duck [1182047]

    Buy BTC, ETH and an optional small bag of 'solid' projects such as Uni / DOT / SOL and wait. Don't try and play trader unless you've actually had previous experience on day / swing trading regular markets. 9 times out of 10 you'll get stung when the bear market rolls around

    Buy with the aim of a long term investment (think 5+ years) and stop worrying about the day to day price movements.

    My holdings (since 2016/2017) BTC & ETH. Currently portfolio sits at 60% ETH, 40% BTC thanks to ETHs recent run

    Peace

    RedRocket_Aath [2200354]

    although as for long term you have to be aware and fearful of things such as government crackdowns and control on it. indians and turks are a bit burned on that for example.
    Government interference is a reality that most countries and their citizens will be dealing with in the near future in one way or another. Be it outright bans, or taxation to an extreme, or what have you.

    With that said, that is more of an individual issue, and not one you can factor in to what would be considered "good advice". BTC is the best performing store of value in the history of the world. Indian, Turkish, Chinese, etc laws can't really be factored in generally... thats something the individual investor needs to assess for themselves.

    I will say though, buying BTC or ETH in the middle of a bull run, and holding alllllll the way through until the next one isn't the smartest idea. Profit needs to be taken along the way, and an investor should be looking to exit almost entirely towards the end of the bull cycle, and be looking to re-enter near "bottom".
  • HAKA Blunt [2076337]Blunt [2076337]
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    Posted on 18:37:00 - 14/05/21 (6 months ago)
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    Evil-Duck [1182047]

    Buy BTC, ETH and an optional small bag of 'solid' projects such as Uni / DOT / SOL and wait. Don't try and play trader unless you've actually had previous experience on day / swing trading regular markets. 9 times out of 10 you'll get stung when the bear market rolls around

    Buy with the aim of a long term investment (think 5+ years) and stop worrying about the day to day price movements.

    My holdings (since 2016/2017) BTC & ETH. Currently portfolio sits at 60% ETH, 40% BTC thanks to ETHs recent run

    Peace
    This is generally good advice, but id say it depends on your startup capital and where the cycle is at when you invest... wouldn't wanna buy near the top and hold through the bear market :p

    But just say you have $5000, or even $1000 to invest.. its hard to look at a 50k BTC, or even a $4200 ETH both of which have a conservative 2-3x left this cycle. Especially when you have coins like BNB, SOL, DOT, ADA, all of which have an ecosystem of dApps behind them (or that are building on them), which have lower entry points and higher upside in terms of price growth through the rest of this cycle.

    Not to say BTC and ETH aren't good investments, just that its harder to make money in them if you don't have a good chunk of capital to invest in the first place.
  • [ÐA] Sectory [2093611]Sectory [2093611]
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    Posted on 06:56:26 - 18/05/21 (6 months ago)
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    Holding some $PHAZE still fairly early, only available on pancakeswap right now but I think it's promising :) 
    Also thinking of making some NFT, is opensea the best platform?
    Last edited by Sectory on 07:01:39 - 18/05/21

     

  • [ÐA] Sectory [2093611]Sectory [2093611]
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    Posted on 07:00:01 - 18/05/21 (6 months ago)
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    New tower of god format?

     

  • TDT RedRocket_Aath [2200354]RedRocket_Aath [2200354]
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    Posted on 09:27:32 - 18/05/21 (6 months ago)
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    made it myself lol it just reminded me of the betrayal, we all promised to go to the moon together.... then he pushed us off.... anime predicts future!
  • HAKA Blunt [2076337]Blunt [2076337]
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    Posted on 09:35:17 - 18/05/21 (6 months ago)
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    Sectory [2093611]

    Holding some $PHAZE still fairly early, only available on pancakeswap right now but I think it's promising :)
    Also thinking of making some NFT, is opensea the best platform?
    You getting in on the $HOTCROSS IFO on pancake swap? 

    https://pancakeswap.medium.com/hot-cross-hotcross-ifo-to-be-hosted-on-pancakeswap-10e70f1f6841

    Of all the IFOs they've done so far, the "worst" one had an eventual 2-3x, the best 2 did over 100x from the IFO price.

    Late Wednesday I'll add the LP and have it ready to enter the IFO


    Edit: as far as NFTs, opensea, rarible, or wax are the 3 main ones used by most people
    Last edited by Blunt on 09:37:51 - 18/05/21
  • HoD smooshmc [2649236]smooshmc [2649236]
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    Posted on 15:33:41 - 18/05/21 (6 months ago)
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    HODLing some ETH, ETC, XLM, BTC, COMP, and USDT.

    2fccef99-7886-7565-2649236.gif

  • TDT RedRocket_Aath [2200354]RedRocket_Aath [2200354]
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    Posted on 09:19:20 - 19/05/21 (6 months ago)
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  • PoP angrysc0tsman12 [1099272]angrysc0tsman12 [1099272]
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    Posted on 12:20:14 - 19/05/21 (6 months ago)
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    Big "F" in chat for everyone holding crypto.
  • HAKA Blunt [2076337]Blunt [2076337]
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    Posted on 12:33:48 - 19/05/21 (6 months ago)
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    angrysc0tsman12 [1099272]

    Big "F" in chat for everyone holding crypto.
    Only if u sell in the red like a chump lol.

    Big buying opportunity for everyone in crypto. VET half off, ADA droppedd like .70, CAKE... basically everything is at LEAST 25% off rn. Hell, ETH under 3k?! BNB under 400$?! 38K btc?!

    Fear/Greed index shows extreme fear. At the top of a market, extreme greed/euphoric ignorance lasts several months as prices drop. We never got close to the level of greed or euphoria that would signal a top based on historic analysis of previous cycles.

    But we are likely at the 1/3-1/2 point of a mini bear market/consolidation... basically all induced by general FUD. But once all the weak hands are shook out, i expect (hope) to see the market recover just as swiftly as it declined
  • TDT RedRocket_Aath [2200354]RedRocket_Aath [2200354]
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    Posted on 12:57:56 - 19/05/21 (6 months ago)
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    usually this is the time to buy.... i first entered at the corona dip and recognised big red crash is the time you buy and not sell. never looked back.

    still funny to see these dips and meme them lol and internally scream watching the rollercoaster go down, but will go up.... crypto generally has a habbit of fast V shape recoveries. and the fud was all saved and piled on all at once when they saw a dip opportunity to do so, most of the fud is fake.... china banning bitcoin? sorry but you already did that in 2017 and it is already been banned since then... so why did they bring that up to dump it down? ... because its fud.... its fake news to manipulate market, and it works. then they think they won and get lazy and forget about it then the market picks up again, then the news reports on it going up again and it gets their attention and then you see them desperately try fudding it with fake news articles over and over again, which will fail, then they will then save it all up and time their fud for a already existing dip, then they will again get another juicy dip out of their fud.
  • PoP angrysc0tsman12 [1099272]angrysc0tsman12 [1099272]
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    Posted on 13:02:31 - 19/05/21 (6 months ago)
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    angrysc0tsman12 [1099272]

    Big "F" in chat for everyone holding crypto.

    Blunt [2076337]

    Only if u sell in the red like a chump lol.

    Big buying opportunity for everyone in crypto. VET half off, ADA droppedd like .70, CAKE... basically everything is at LEAST 25% off rn. Hell, ETH under 3k?! BNB under 400$?! 38K btc?!

    Fear/Greed index shows extreme fear. At the top of a market, extreme greed/euphoric ignorance lasts several months as prices drop. We never got close to the level of greed or euphoria that would signal a top based on historic analysis of previous cycles.

    But we are likely at the 1/3-1/2 point of a mini bear market/consolidation... basically all induced by general FUD. But once all the weak hands are shook out, i expect (hope) to see the market recover just as swiftly as it declined
    The only way this would make sense would be if you were an early entry into this and are still up. Hope isn't a plan and not everyone can afford having capital tied up for years hoping that it will go back up. People that bought at the top in 2017 and held through the crash had to wait 3 years before they went green. Considering that most of the major cryptos are down 30+ percentage points, I think the music may have stopped on this little run up.

    I love blockchain technology and what it represents, but I don't think we'll see any of these currencies see mainstream use unless there is price stability.
  • TDT RedRocket_Aath [2200354]RedRocket_Aath [2200354]
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    Posted on 14:40:09 - 19/05/21 (6 months ago)
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    feels bad man....
  • TDT RedRocket_Aath [2200354]RedRocket_Aath [2200354]
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    Posted on 14:58:36 - 19/05/21 (6 months ago)
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    free image web hosting
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    Posted on 14:59:49 - 19/05/21 (6 months ago)
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    image uploading sites
  • HAKA Blunt [2076337]Blunt [2076337]
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    Posted on 15:34:33 - 19/05/21 (6 months ago)
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    angrysc0tsman12 [1099272]

    Big "F" in chat for everyone holding crypto.

    Blunt [2076337]

    Only if u sell in the red like a chump lol.

    Big buying opportunity for everyone in crypto. VET half off, ADA droppedd like .70, CAKE... basically everything is at LEAST 25% off rn. Hell, ETH under 3k?! BNB under 400$?! 38K btc?!

    Fear/Greed index shows extreme fear. At the top of a market, extreme greed/euphoric ignorance lasts several months as prices drop. We never got close to the level of greed or euphoria that would signal a top based on historic analysis of previous cycles.

    But we are likely at the 1/3-1/2 point of a mini bear market/consolidation... basically all induced by general FUD. But once all the weak hands are shook out, i expect (hope) to see the market recover just as swiftly as it declined

    angrysc0tsman12 [1099272]

    The only way this would make sense would be if you were an early entry into this and are still up. Hope isn't a plan and not everyone can afford having capital tied up for years hoping that it will go back up. People that bought at the top in 2017 and held through the crash had to wait 3 years before they went green. Considering that most of the major cryptos are down 30+ percentage points, I think the music may have stopped on this little run up.

    I love blockchain technology and what it represents, but I don't think we'll see any of these currencies see mainstream use unless there is price stability.
    Like i said... historical data shows we should be nowhere near the top of this bull run, based on the stock to flow, fear and greed index (this specific chart doesnt go back far enough to show 2017, ill try to find one), net unrealized profit loss (which measures euphoria), etc etc etc. There are like 9+ indicators that BTC follows almost to a T, that show this isnt the result of THE top. Its a local top, that was met with a bunch of compounding FUD to shake out the scared money, with upside to follow. Likely in the next 2-6 weeks well see the trend reversal. The NUPL is a good one to watch, because you can clearly see that the cross over into euphoria signals the top, doesnt last more then a few weeks, and has a sharp price correction over the following months. If you look at the current state of affairs, you see we never hit euphoria, and that there was a LOT of consolidation before this drop off, which isnt indicative of the top in any other year. A lot of the models used regularly to track market sentiment and "top" signals would need to be "broken" for this to have been the top.

    Also 30+% is nothing. During the crash from the top of 2017, we saw price drops of 50-80+% in price difference, and again the euphoria and greed were so high, people didnt get out when the top signals were in. They held and held because of the psychology of humans, and lost money on their own accord. Aping in at the top and selling at the bottom is exactly how majority of people DONT get rich, and the few who see the patterns do. Im not saying price cant and wont drop further, and im not saying that from a position of greed, or because im in the red... im saying that because thats what I can see in the charts, and thats what the people I follow are saying as well (or close to it). EDIT: Also, zoom out. The BTC bottom was like 3.5k from 2019, it went up to 62k, and dropped to 35k. So we 20x-ed, and retraced back down to a 10x. What this means to me, so long as we hold these prices before heading up above 60k, is that the mid-low 30k's is going to be the "bottom" price when the market does eventually crash into the bear market.


    And as far as adoption, most cryptos arent currency. Vast majority arent oriented as a pay structure. BTC is a store of value, and most other cryptos are assets, more akin to real estate than currency as we know it. The adoption of crypto will come, not as a currency, but as web3 or IOT applications that can be used at large scale by the masses or industry for things like tracking/recording of carbon emissions, logistics management, security of healthcare or other sensitive materials, and so on and so on. But your right, price volatility scares most away right now. Will likely be another 10 years before we see more mainstream adoption in terms of use-case vs money maker. Digital currencies will come, i just dont think they will be the predominant factor that brings crypto more mainstream.

    Edit: Added in links to various models just to back what Im saying
    Last edited by Blunt on 15:55:16 - 19/05/21
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