Missed this chat. Hasn't been much to do except dollar cost average like an oldcel but my gut says we're in the last 2 to 4 months before things get exciting again.
For the record I still love CRO for many reasons. The main one being that they remained solvent when Luna > Three Arrow Capital > FTX wiped out an insane amount of money in the space.
You expected Coinbase and Binance to be above such fukery, but Crypto.com? I don't think people expected that. They've still got their names all over the Laker's stadium, F1 cars, and other sponsorships. CEO believes in a "boring" company that follows all the rules and regulations. The chart shows it is at all time lows, despite nothing being wrong with their product or brand. I would bet on them returning to all time highs at the bare minimum. Which is basically a 20X from current levels. Not a "make it" buy, but a great diversification hold for people that don't want to be 100% in vaporware for the huge gains.
My favorite buy at this moment is ATOR. It's essentially a blockchain ecosystem bolted onto the TOR Onion network. Their shtick is privacy, and considering all of the craziness going on in the world, I think that is a great narrative to lean into.
No VCs with a token unlock date. Tokens are released every month over time which prevents price volatility. There's also a 4% tax on buys AND sells. On initial thought that sucks because that means it's horrible for swing trading. Makes a 10% price move only 2% when you take the tax out, but that greatly incentivizes holding which is reflected in the chart below. That tax pays the devs since there's no VC backing. The twitter account is active, and they're even trying to manufacture their own physical nodes for non tech people. (Sounds like helium or whatever that was).
Anyway the chart looks insane since people are incentivized to hold. I love that the use case is essentially a bolt on to Tor which is already established. and it's 100million market cap. When I found metis, it was 60million market cap, but it was way later in the cycle. This is my strongest conviction gem. I know it's not 10m marketcap but no tier 1 exchanges yet. If the tier 1 exchanges start coming around Q1 of 2024... that would be perfect timing for big gains.
Cheers man, this might be the last cycle to really be able to make it before big banks sink their teeth into the space.
I don't disagree.
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10-19-2023, 03:49 PM #3991DCA'ing FXS since Sept2022
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10-19-2023, 05:23 PM #3992
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10-19-2023, 05:57 PM #3993
As a matter of fact. I distinctly remember brbacquiring brah being the resident QNT shill. October/November ish of 2020. QNT was $12
He'd come in here posting a wall of text, full of all this data he collected as to why we should buy QNT, but it would be in a sea of DOGE and ****coin posts.
I'd read them, and it all made sense but in my head, I was like "There's no way the next gem is going to be on this little dogchit exchange". It would then go on to 30X right in my ****ing face over the next 10 months. $1,000 into $30,000 on a simple 10 month hold of getting in on the right project, team, and narrative early. That's what Metis was for me last cycle.
I feel like the exciting crypto times, but real societal chitty times are on the horizon. BlackRock ETF Final deadline March 2024 right before the bitcoin halving. Central Banks cracking. World War 3. United States Presidential Election. So many gigantic catalysts. Might have to actually use crypto tech to lowkey get off the grid with this next cycle lolLast edited by W1LLW; 10-19-2023 at 06:04 PM.
DCA'ing FXS since Sept2022
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10-21-2023, 03:54 AM #3994
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10-21-2023, 06:13 AM #3995
I won't be holding $10 worth of BTC this entire next cycle. I'll be balls deep in ATOR, FXS, and smaller allocations of NAKA (poverty mobile games for south east asia) and CRO.
Mental note for the group: Can you think of one person you know who is not* bearish?
I can't speak to equities, but I think the bear market for crypto is over. I dedicated my saltiness for round tripping a large portfolio to studying the signals that i ignored previously. DESPITE hearing tons of people saying in 2021 how they had friends who "round tripped 1 to 3 million dollars" in the 2017 cycle, I failed to study up on as to why they did and i fell in the same trap.
I'm not gonna come in here and chart people to death, but if you have even the tiniest ability to read a chart I urge you to zoom out to Weekly* candles and throw down the Exponential Moving Average for 20/50/100/200 weeks. The hand of god is support at $25,000, and I'm not ruling out some insane event that sends BTC to 20k but nothing about the macro narrative says we're going to 15k or anything crazy like that.
- I've broken down the time frames in previous posts, but the gutter low price from the previous cycle's all time highs have always happened 11 to 13 months afterward.
- BTC All time high November 2021 - $69,000. November 2022 BTC touched $16,000 which was that exact peak low window of previous cycles.
- Blackrock has their third deadline for their ETF proposal in January 2024, with the final deadline (no more extensions) is March 2024.
- BTC Halving coming roughly April 2024.
- Macro news, all people hear about how banks are collapsing and showing instability all the while more and more institutions are trying to get their foot into crypto without making it public.
I'm not saying we start pumping crazy from here on out. Chitcoins won't start flying left and right probably until summer 2024. That said, this is the perfect time to start gem hunting again and dollar cost averaging. If nothing else, go to coinmarketcap.com pick any bluechip (Solana, Matic, polkadot, Link) and set the chart time frame to "All". They're all down 90% while BTC's WEEKLY candle (macro time frame) support is 25k. Do what you want, I'll be piling in the next 3 months.DCA'ing FXS since Sept2022
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10-21-2023, 10:51 AM #3996
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10-21-2023, 03:29 PM #3997
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10-21-2023, 06:09 PM #3998
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10-21-2023, 06:18 PM #3999
Bro you are definitely not working hard enough if you’re relying on the top 100 coins to make gains. Even though this has been a bear market, my portfolio is at ATH in usd and btc riding things early like tao, kas, Ator, RVF, olas, etc. theirs always a bull market if you look hard enough. If you’re not on uniswap then you can definitely make substantial gains looking for coins on MEXC. They list all new coins that’ll you’ll properly hear about in a year or 2
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10-22-2023, 02:20 PM #4000
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10-22-2023, 07:04 PM #4001
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10-22-2023, 08:47 PM #4002
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10-23-2023, 07:20 AM #4003
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10-23-2023, 09:11 AM #4004
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10-23-2023, 03:46 PM #4005
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10-23-2023, 04:04 PM #4006
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10-23-2023, 04:07 PM #4007
At this point I'm wondering what the point is of holding ETH. If I wanted to hold something long term, BTC is the clear winner (SOV, possible ETF, decentralized etc etc). If I wanted to hold alts for moonshot 10x-50x, I would go after low mc crapcoins. ETH just seems like a bloated centralized ****coin right now, not even a somewhat promising alt.
I have a good amount of ETH but I'm seriously considering converting most of it to BTC and moonshot attempts. Anyone else in the same boat?
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10-23-2023, 06:05 PM #4008
BTC maxis would 2x big amounts of money, you cant drop 6 figures on chit goins that do x100 , they most likely bought all these coins too but small amounts in the thousands. Its quite easy to x10-100 $1k in the bull market, but extremely hard to x5-10 6-7 figures.
Also most BTC maxis do big leverage, so a x2 is way more on leverageYo yo yo I beez keepin it real since 02 fo real nowuimsayin
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10-23-2023, 06:06 PM #4009
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10-23-2023, 07:29 PM #4010
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Last edited by Horse86; 10-23-2023 at 07:36 PM.
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10-23-2023, 07:30 PM #4011
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10-23-2023, 07:51 PM #4012
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10-23-2023, 08:03 PM #4013
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10-23-2023, 08:17 PM #4014
Well I'm glad to know the spidey senses still work. We've got 24 months to make it boys.
For the love of god when you surpass your previous all time high portfolio and start taking screenshots, give yourself 4 months to turn at least half of that into something you can touch.DCA'ing FXS since Sept2022
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10-24-2023, 04:59 AM #4015
Yeah it sucks, but I'll be open and accountable about my decisions whether they're good, bad, or ugly, unlike the majority ITT who always seem to time the market perfectly and know with absolute certainty how the market will play out.
I still think it's a risky bet to consider it all sunshine and rainbows from here on out, and I'm not that unhappy about sitting in majority cash.
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10-24-2023, 06:34 PM #4016
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10-24-2023, 09:56 PM #4017
check this out one Bro's , i swear its the ONLY alt coin that has NOT had a pump yet , even the garbage memes with no platform have moved, But Agoric ( BLD ) is still getting ready to launch... its either Doom or glory here.. ill go with glory.
Agoric is in the cosmos Eco system, so u would get it by using the Osmosis Dex
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10-25-2023, 03:41 AM #4018
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Yea keep sitting in cash boyos. Don't buy at pico bottom (already missed it anyway) you can be my exit liq.....keep siting on the sidelines. Port already at ATH (from putting in work and having balls to buy at the bloodiest...and not the garbage I see shilled ITT).....and this hasn't even started.
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10-25-2023, 07:46 AM #4019
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10-25-2023, 07:51 AM #4020
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only....
meanwhile alt are doubling and tripling that. Yep stay in cash. Keep getting those 20% stonk market gains.
Be my juicy exit liqS&P Crew, Cologne Crew, Crypto Crew
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