Crypto Megathread V15 - Where the hits keep on coming!

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SSgt Dickweed said:
Elon partially disrupted the bull market by tweeting about bitcoin mining. Now, when some diamond hands were hoping BTC dips below 29k, he now rationalized his previous stances, which made the price go up. It's like he's fucking around with people's buy positions.

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Not sure what makes him so special. I don't see Dorsey or any of these other famous pumpers affecting anything with their stupid comments.
 
I also think it's funny how some of these people always takes sides when it comes to their investments. Hyping up theirs while trashing others.

Believe it or not, there's plenty of room in this space for a lot of projects. Hyping your flavor of the month is one thing, but shitting all over the "competition" just makes you look desperate and pathetic.
 
TeTe said:
Not sure what makes him so special. I don't see Dorsey or any of these other famous pumpers affecting anything with their stupid comments.
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Millennials think he's the real Tony Stark, and in a lot of ways he is. But this turned him into a narcissist who has a my-shit-don't-stink complex.
 
SSgt Dickweed said:
Millennials think he's the real Tony Stark, and in a lot of ways he is. But this turned him into a narcissist who has a my-shit-don't-stink complex.
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He created Twitter which turned 60% of the population retarded and narcissistic. His platform allows the far left to harass and doxx people with no consequence yet a right winger gets banned for misgendering a tranny. Yet he has the nerve to claim to be anti censorship. Sure, for one side of the political spectrum. Hippy Rasputin getting into crypto will result in nothing good for crypto.
 
Rygu said:
He created Twitter which turned 60% of the population retarded and narcissistic. His platform allows the far left to harass and doxx people with no consequence yet a right winger gets banned for misgendering a tranny. Yet he has the nerve to claim to be anti censorship. Sure, for one side of the political spectrum. Hippy Rasputin getting into crypto will result in nothing good for crypto.
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I was referring to Musk with the Tony Stark comparison. Idk as much about Dorsey.
 
TeTe said:
I also think it's funny how some of these people always takes sides when it comes to their investments. Hyping up theirs while trashing others.

Believe it or not, there's plenty of room in this space for a lot of projects. Hyping your flavor of the month is one thing, but shitting all over the "competition" just makes you look desperate and pathetic.
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Since the dawn of crypto. BTC vs Fiat, BTC vs Fiat vs Gold, BTC vs Fiat vs Gold vs Eth, BTC vs Fiat vs Gold vs Eth vs Erc-20s, BTC vs Fiat vs Gold vs Eth vs ERC-20s vs BSC....it will go on and on. You don't really see the same thing happening in stocks but I'm sure its there in certain circles.

I've noticed that I get so burned out on this space as a whole and I'm glad the cycles tend to last around 4-years. What I've noticed is that no one really knows where this market is going and it's impossible to guess so you make and hedge your bets based on your research. I get so jaded by everything in this market and it takes its toll on you. The beginning of this cycle I was happy to jump back in and learn about new projects, but now, I'm kind of over it. You always get the classic lines repeated over and over again "This team has funding from this VC and amazing backers. The team is filled with ex-employees of XYZ. The devs on this team built X-project so you know it's going to be great" etc etc etc. You read the same garbage over and over again and you quickly realize that very FEW people have actually done any sort of Fundamental Analysis on their projects. They just parrot what they've heard on a youtube video and spread the information as if its gospel. This market is filled with nonsense. I very rarely ever give my opinion on specific projects I'm in. My last WOO post might be 2 threads back. I'll admit, I've been guilty of this in the past, but the longer you're in this field, the more BS you start to see.

Please don't mistake this post for educated thoughtful discussion. I'm all for that. What I'm speaking directly too is the cringe comments people continually leave when asked about specific projects. They're so low quality it hurts to have to read them over and over again.

You could make a Bingo card for the lines you're going to read and hear verbatim over and over again.
 
SwamiLeoni said:
Since the dawn of crypto. BTC vs Fiat, BTC vs Fiat vs Gold, BTC vs Fiat vs Gold vs Eth, BTC vs Fiat vs Gold vs Eth vs Erc-20s, BTC vs Fiat vs Gold vs Eth vs ERC-20s vs BSC....it will go on and on. You don't really see the same thing happening in stocks but I'm sure its there in certain circles.

I've noticed that I get so burned out on this space as a whole and I'm glad the cycles tend to last around 4-years. What I've noticed is that no one really knows where this market is going and it's impossible to guess so you make and hedge your bets based on your research. I get so jaded by everything in this market and it takes its toll on you. The beginning of this cycle I was happy to jump back in and learn about new projects, but now, I'm kind of over it. You always get the classic lines repeated over and over again "This team has funding from this VC and amazing backers. The team is filled with ex-employees of XYZ. The devs on this team built X-project so you know it's going to be great" etc etc etc. You read the same garbage over and over again and you quickly realize that very FEW people have actually done any sort of Fundamental Analysis on their projects. They just parrot what they've heard on a youtube video and spread the information as if its gospel. This market is filled with nonsense. I very rarely ever give my opinion on specific projects I'm in. My last WOO post might be 2 threads back. I'll admit, I've been guilty of this in the past, but the longer you're in this field, the more BS you start to see.

Please don't mistake this post for educated thoughtful discussion. I'm all for that. What I'm speaking directly too is the cringe comments people continually leave when asked about specific projects. They're so low quality it hurts to have to read them over and over again.

You could make a Bingo card for the lines you're going to read and hear verbatim over and over again.
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It'll be interesting what happens as the market matures. Maybe we'll see less and less of this.

That could be happening now with the market chopping sideways instead of an all out crash. Slower declines and rises would be an indication of maturation; Now that so many people are invested on the institutional and retail side. Maybe as long as it stays more stable people start realized it isn't so dog eat dog.
 
TeTe said:
It'll be interesting what happens as the market matures. Maybe we'll see less and less of this.

That could be happening now with the market chopping sideways instead of an all out crash. Slower declines and rises would be an indication of maturation; Now that so many people are invested on the institutional and retail side. Maybe as long as it stays more stable people start realized it isn't so dog eat dog.
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For sure. I think the market will mature and you'll start to see less tribalism as projects slowly come to fruition. However, once the market matures, you'll more than likely see a steep drop in huge price swings and these cycles may cease to exist.
 
TheMaster said:
Thing is though hodling at all costs isn't the best strategy when things make a super surge in a bull market.

I did in this recent run and could have taken out at least $60,000-100,000 profts which would have been about 1/3-1/2 of my portfolio which could have now been reinvested to up my stacks big time, or just kept as profit instead of just riding it up and down. I imagine your situation is the same you could have sold alot of your eth and bought back a ton now.

Leveling out at least some on a high is the smart strategy even if you risk losing a bit of that potential next surge.
Greed doesn't pay off.
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The problem with crypto and trying to time it is pretty much impossible. The whales control to much of it. Your best bet is to hold and sell at a number you have in mind. Other than that on average people who try to buy and sell throughout will usually lose money at the end.
 
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kenetics said:
The problem with crypto and trying to time it is pretty much impossible. The whales control to much of it. Your best bet is to hold and sell at a number you have in mind. Other than that on average people who try to buy and sell throughout will usually lose money at the end.
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Yes I'm not taking about frequent trading or day trading throughout. But if your portfolio has done say a 5x you should take some out. It doesn't make sense to just sit on it all and see if it goes back down or goes up further. You should take out some at least which is levelling out.
Hodling at all costs after a very big and prologued gain in a bull market also becomes gambling otherwise.
 
TheMaster said:
Yes I'm not taking about frequent trading or day trading throughout. But if your portfolio has done say a 5x you should take some out. It doesn't make sense to just sit on it all and see if it goes back down or goes up further. You should take out some at least which is levelling out.
Hodling at all costs after a very big and prologued gain in a bull market also becomes gambling otherwise.
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I agree. The only crypto I would hold on to long term meaning 10yrs would be Bitcoin. And that's pushing it.
 
kenetics said:
I agree. The only crypto I would hold on to long term meaning 10yrs would be Bitcoin. And that's pushing it.
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I'm all for hodling various projects long-term for years ahead including alts I believe in and have researched like HBAR, API3 etc.

My point is about regardless of the project, when it has done massive gains you should always take some profits out due to the nature of the markets. It's up to each person to decide what those points are but you should know when your portfolio had done huge gains over an extended period, and when continuing to hold everything without at least taking out some profits has turned into greed.
 
Metahero looks like an interesting project and is just over a penny currently.

Metahero brings to the market 3D scanning and modeling technology that generates ultra-realistic 3D avatars and virtual items to be used across games, VR, social media, and online fashion. The tech also allows for the creation of NFTs from real-world works of art and collectibles.

We have partnered with the world leader in 3D scanning: Wolf Studio. Their cutting-edge technology was extensively tested and used by big industry names; Most recently, CD Projekt created characters for their hot new release, CyberPunk 2077.
 
Was intending to buy some more .... but I'll be waiting me thinks
 
bjpennlwgoat said:
Yeah I was pissed when I saw everything green after getting my check with bonus when I get to splurge a little. Oh well…we must stay patient lol
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I was tempted but still am unsure. I’m close to hitting that “this isn’t just play money” range of my investment
 
bjpennlwgoat said:
Yeah I was pissed when I saw everything green after getting my check with bonus when I get to splurge a little. Oh well…we must stay patient lol
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Rob Battisti said:
I was tempted but still am unsure. I’m close to hitting that “this isn’t just play money” range of my investment
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When it dumps hard we think it will stay that way. When it goes up quick we think we're back on track for 40k. At least I usually do. But it always seems to play out the opposite.

It feels like there's more PnD going on with everything given the huge list of buy/sell orders. Which will keep prices not too low or too high.
 
Rygu said:
When it dumps hard we think it will stay that way. When it goes up quick we think we're back on track for 40k. At least I usually do. But it always seems to play out the opposite.

It feels like there's more PnD going on with everything given the huge list of buy/sell orders. Which will keep prices not too low or too high.
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I just want 1500 ETH but such resistance at 1700.

The next time it hits 1700 I’m buying 5
 
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