MISC Crypto Crew (MCC) Vol X:Crypto is red, my balls are blue, hodl the dip, btfd too

[DSTEE]

Anyone else wake up these days, check the prices and just.. pat themselves on the back for already cashing out? Lmaooo


Jk, but its crazy how much emotions some simple numbers can give you mang

[dunnie]

It's really nearing buy in time again. I basically broke even on the last crash, I was way too hesitant to buy low. Not making that mistake again.

?

Only reason btc is not below 5 k right now is because of the mining cost~5k
It's hard to believe that there wouldn't be a return close to the mean at around 2k-4k

Market volume is bleeding the **** out at 270billions


I miss all the pink woo jacks on biz

[Frank Drebin]

Those late december investors... dear god.

i was in the market for a bit in January, sold around Jan 20-25. Kept track of my sell prices on a portfolio tracker, as of this morning it was at -66.16%. Combination of ETH ($1150) NEO ($140), ICX ($10.20), and XRB ($24). These prices are high but not close to each ones respective ATH.

[Frank Drebin]

?

Only reason btc is not below 5 k right now is because of the mining cost~5k
It's hard to believe that there wouldn't be a return close to the mean at around 2k-4k

Market volume is bleeding the **** out at 270billions


I miss all the pink woo jacks on biz

how does the mining cost (which is variable depending on where you live) create a price floor on the open market?

[Chynaman]

how does the mining cost (which is variable depending on where you live) create a price floor on the open market?

it doesn't, difficulty adjusts as miners come online and offline,


because who was mining at 1cent? 10cents? 100 dollar btc?

[DSTEE]

Charlie Lee called out the exact date of the first deep dip in january a month prior, watchout for this mang:

********************/@super.crypto1/4t...y-c53de65c166a



Cliffs:

[Ares232]

Can someone explain to me as to why projects like WTC & ETH etc. The ones with real world implementation as well as a working product losing value if fundamentally nothing changed on those products? I mean it's not like Vitalik said fukit I'm out or anything like that I mean the exact opposite is happening they are working on making it better etc. Is it because btc is dropping in value and their values are dependent on btcs value or because some big guy woke up one day and said nah these coins aren't worth 1/3rd of their prices and caused **** to drop so badly?

[anonymous]

[dejan_85]

Charlie Lee called out the exact date of the first deep dip in january a month prior, watchout for this mang:

********************/@super.crypto1/4t...y-c53de65c166a



Cliffs:

Cartel......never go full r.....

[dejan_85]

haha I hear ya, we all go through the same emotions.. Yes there is accumulation going on at the bottom of this pattern and we did expect a trade-able bounce at the bottom of this range which hit the exact area we expected yesterday so no need to panic just yet in my opinion if you're looking to get long. For me I'm not interested in taking a long position until it clears the upper bound of this range



I do agree with ya, on lower timeframes it looks good but higher time frames are saying we're likely going lower as you can see still got a lot of work to do in order to clear the first real hurdle and prove it has a chance as a legitimate reversal point

Remember guys, these markets are designed to test your emotions

Same reason why bluechip companies get sold off during a market crash

[Silencespeaks]

Wowie ETH in the fours

[smallmeatchamp]

Can't wait for crown brahs stream during this blood bath

[Cig Diesel]

Cartel......never go full r.....

Sounds like a movie plot/conspiracy but it's not out of the question if you think about it...markets are designed to transfer wealth from the weak, gullible and emotionally driven hands to the calculated, wealthy strong hands. The old guard has PLENTY of capital to control the crypto market at the current cap. Why on Earth would they allow the crpyto market to flourish and transfer wealth from THEM (FIAT out of traditional markets/banks) to US (into the crypto market) when they have the ability to neutralize the threat? That's not how markets work and they never will..They will not allow us to sit here and generate wealth on their watch, specifically removing wealth from their coffers. They're going to suppress the market to force the weak hands to sell, rake up the profit/accumulate controlling interests.. pump the market back up, rinse and repeat. Once wall street got involved this just became another wealth transfer vessel for them. Specifically one that's easier to control than traditional markets. Again, a transfer of wealth from the weak to the strong...don't for a second think this is something otherwise. There's money to be made here, just know the game you're playing.

[DSTEE]

Cartel......never go full r.....

Wiki definition:
A cartel is a group of apparently independent producers whose goal is to increase their collective profits by means of price fixing.


Future contracts are literally that, price fixing to keep a predictable price with less volatility. Sorry if you thought it was about drug cartels with guns from movies

[jamalfudge]

Sounds like a movie plot/conspiracy but it's not out of the question if you think about it...markets are designed to transfer wealth from the weak, gullible and emotionally driven hands to the calculated, wealthy strong hands. The old guard has PLENTY of capital to control the crypto market at the current cap. Why on Earth would they allow the crpyto market to flourish and transfer wealth from THEM (FIAT out of traditional markets/banks) to US (into the crypto market) when they have the ability to neutralize the threat? That's not how markets work and they never will..They will not allow us to sit here and generate wealth on their watch, specifically removing wealth from their coffers. They're going to suppress the market to force the weak hands to sell, rake up the profit/accumulate controlling interests.. pump the market back up, rinse and repeat. Once wall street got involved this just became another wealth transfer vessel for them. Specifically one that's easier to control than traditional markets. Again, a transfer of wealth from the weak to the strong...don't for a second think this is something otherwise. There's money to be made here, just know the game you're playing.

Manipulation was pretty obvious, especially when you consider transactions were disabled on Coinbase at peak times.

[Ares232]

haha I hear ya, we all go through the same emotions.. Yes there is accumulation going on at the bottom of this pattern and we did expect a trade-able bounce at the bottom of this range which hit the exact area we expected yesterday so no need to panic just yet in my opinion if you're looking to get long. For me I'm not interested in taking a long position until it clears the upper bound of this range



I do agree with ya, on lower timeframes it looks good but higher time frames are saying we're likely going lower as you can see still got a lot of work to do in order to clear the first real hurdle and prove it has a chance as a legitimate reversal point

Remember guys, these markets are designed to test your emotions we had a multi year long bull run and bears will use that past sentiment to trap people into going long because of fomo..

Again very very important I would not be interested in taking a long position until BTC proves itself by clearing the upper bound of this pattern, and that would just be the first signal we *possibly* have a legitimate reversal on our hands to work with!

Until that happens, I remain bearish leaning with the only question of where could we see a more convincing reversal area

edit- will be going live in about an hour to cover the price action over the last 24 hours and see what we can make of it

How much lower can we expect to go cause I'm legit about to pull cord on ETH practically almost out of profit for it to eat through

[gixxer0.6g]

ETH appears to be the weakest of the big 3. Might also be the fastest to recover.

The 7600 battle continues. Should be an impressive battle to the close of day

Tony, you just might get that $5 OMG

[dejan_85]

Wiki definition:
A cartel is a group of apparently independent producers whose goal is to increase their collective profits by means of price fixing.


Future contracts are literally that, price fixing to keep a predictable price with less volatility. Sorry if you thought it was about drug cartels with guns from movies

I am sorry. I did. Thanks for clarifying.

[yochrisss]

Took my original investment out the other day to feel some ease during this chit show. Still got a good amount of profit on my ledger that im holding for life. Lets see if ETH hits 300 and Ill buy some more

[Kirra]

What the flying phuck ETH.

Considering going balls deep at this point. It's bound to go up again, right guys? RIGHT?!?!

[anonymous]

[Tommy12Orr4]

ETH appears to be the weakest of the big 3. Might also be the fastest to recover.

The 7600 battle continues. Should be an impressive battle to the close of day

Tony, you just might get that $5 OMG

I have to hold me ZEN through this though. It's tough to do. I stopped posting the amounts of ZEN and OMG I had a while ago, but I'll let you know just so you can see how brutal this has been. I had 12,074 ZEN recently. Back in January I had about 11,000-11,800 ZEN and also had 5,000-7000 OMG at the same time. And, now I had 9,000 ZEN, zero OMG, and a good amount of fiat. If I had my ZEN in something else I probably would have sold earlier, but the volume is just too low. I don't see what else I can do besides hold it right now.


DAS IT OMG, DAS IT MANE! If OMG somehow hits $6, I think I have to throw about half of my fiat at it, no? Maybe even if it hits $7?

[HMFIC_BROWSIN]

Hahahahaha. So glad I sold all eth in the 7/800s

[buckeyenutz]

Down so much in ETH at the moment that all I can do is chuckle. If it gets under $400, I'm going to pick up a lot more.

[Supearman]

Neo under $50
WTC under $10

Time to accumulate

[Tommy12Orr4]

Hahahahaha. So glad I sold all eth in the 7/800s

Have my trigger finger on my fiat, but still not going to pull the trigger yet. Time for sub $400 ETH.

Das it mane, das ****in it!

[mgftp]

I am sure ETH will have a nice bounce back with the market but I would assume it wont be as strong as it once was with the SEC crackdown on ICOs. Thoughts?

[DSTEE]

I am sure ETH will have a nice bounce back with the market but I would assume it wont be as strong as it once was with the SEC crackdown on ICOs. Thoughts?

Not even aware of the SEC, but imo a good thing since I've seen so many scam ICOs getting millions in marketcap for nothing.

Weaker bounce back might be right, but more because I think the last months gonna leave a lasting mark for a while making people a bit more wary. Certainly did for me

[jamalfudge]

I am sure ETH will have a nice bounce back with the market but I would assume it wont be as strong as it once was with the SEC crackdown on ICOs. Thoughts?

SEC only impacts U.S. investors. I think what will be more impactful will be EOS, NEO, ADA and other competitors. Everything's going to erupt (hopefully) in April-June, but I think ETH will have stiff competition when other platforms roll out. Don't think one is better than the other, they all do the same thing with slight differences.

[mgftp]

SEC only impacts U.S. investors. I think what will be more impactful will be EOS, NEO, ADA and other competitors. Everything's going to erupt (hopefully) in April-June, but I think ETH will have stiff competition when other platforms roll out. Don't think one is better than the other, they all do the same thing with slight differences.

Agreed, I am using this dip to reallocate a good portion of my ETH holding to other platforms, mainly NEO and ICX. Meanwhile my super low ETH buy orders from months ago are hitting, LoL.

I'd like to see some stats on ICO participation though, I feel like during the height of the ICO craze the largest majority of investors were from the US but I could be very wrong.