MISC Crypto Crew (MCC) Vol: XIII: Money printer goes brrrrrr, But Bitcoin doesnt

[lordpatrick]

Well I'm insanely rekt in satoshis atm.

0 or moon brahs

no inbetweens

[BetaAsPhuck]

Well I'm insanely rekt in satoshis atm.

0 or moon brahs

no inbetweens

Same mentality.

[W1LLW]

IMO marketcap is not reflective of the quality of a project. There are far superior coins to Bitcoin for example, yet it dominates the market. The only thing Bitcoin has going for it is liquidity.

It will be interesting to see how BOA responds over the coming months.

I said nothing about ripple being better quality. To your point that would make ethereum obsolete to cardano, dot, etc.

I don't want anyone itt to mistake my bullishness on xrp for me believing XRP is a superior project. I give zero fuks about any and all these underlying projects. That's why I hate when dudes start talking schit on other projects. Like who gives a fuk if it's making money?

So when I speak to XRP having 7 billion more dollars in marketcap than Stellar, that's not me insinuating stellar is inferior. That's me insinuating there is substantially more Bank and Hedgefund money behind the project, ergo more investment and incentive for the project to succeed. Which makes me raise the question again... "why is there so much more whale money in xrp? what do they know that we don't"

[BetaAsPhuck]

I said nothing about ripple being better quality. To your point that would make ethereum obsolete to cardano, dot, etc.

I don't want anyone itt to mistake my bullishness on xrp for me believing XRP is a superior project. I give zero fuks about any and all these underlying projects. That's why I hate when dudes start talking schit on other projects. Like who gives a fuk if it's making money? I'm only here to make money.

So when I speak to XRP having 7 billion more dollars in marketcap than Stellar, that's not me insinuating stellar is inferior. That's me insinuating there is substantially more Bank and Hedgefund money behind the project, ergo more investment and incentive for the project to succeed.

I think get what you are saying. I'm guessing the reason why there more speculative investment in Ripple over Stellar is that Ripple had better marketing, and the Ripple executives had better networking skills.

I'll never forget what Elizabeth Holmes did. She made Jordan Belfort look like sidewalk hustler. Good marketing beats everything when it comes to speculative investment it seems.

[mr.left hook]

one things for sure their are a lot of Big Bag holders in the XRP army and they ain't abandoning their Post. ****'s kind of interesting to hear from both sides of the field

Big risks for Bigger rewards

[BetaAsPhuck]

To your point that would make ethereum obsolete to cardano, dot, etc.

Regarding Eth... 2.0 is being rolled out over the coming few years. Also Eth already has working and popular DAPPS already built on top of it. Quality working projects.

So although the other smart contract networks may be better tech wise, they don't have the amount quality working DAPPS on it.

XLM mogs XRP when it comes to actual projects being built on it.

[BetaAsPhuck]

one things for sure their are a lot of Big Bag holders in the XRP army and they ain't abandoning their Post. ****'s kind of interesting to hear from both sides of the field

Big risks for Bigger rewards

That's true, I respect that.

If it works out of them then all I can do is applaud the size of their balls.

[W1LLW]

one things for sure their are a lot of Big Bag holders in the XRP army and they ain't abandoning their Post. ****'s kind of interesting to hear from both sides of the field

Big risks for Bigger rewards

In my opinion. This is an opportunity for an all but guaranteed 100% return on anyone with the balls to accumulate over the next 2 months. I'd be willing to bet the outcome of this lawsuit is that the SEC does find something that was "grey area" or not done properly, they slap them with a fine but they're able to return to business. Until that verdict comes out, XRP will bounce around 20 cents, maybe even dip into the teens, but when that news comes out it would almost instantly be back to trading at 40 cents if not higher. That's my guess anyway.

[Luc1fer]

So Brad Garlinghouse and Chris Larsen who's already worth millions prior to Ripple have been doing this to enrich themselves more?

You cannot be serious. You’re incredibly naive if you think this is sound logic.

[newbodybuilder2]

You cannot be serious. You’re incredibly naive if you think this is sound logic.

We're not talking about a Jordan Belfort here. The IMF has a whole section about Ripple. Thats the big boy table.

https://www.google.com/url?sa=t&sour...=1609354034037

https://images.app.goo.gl/VMPSoMoEzFWcxp8z5

www.imf.org › ConferencesPDF
Web results
Presentation by Sagar SARBHAI, Ripple ... - International Monetary Fund


Look, I feel bad for people who's lost their shirts on XRP recently, but fact of the matter is cryptos had always been speculative gambles from the start. I was on MISC since 2007-2008 when Bitcoin was first mention and thankfully I bought some... However, it was always a speculative investment and gamble that I was willing to lose.

All I'm saying is that there's more to Ripple and XRP behind the scenes that were not privy too. The SEC also had fairly damaging accusations to Elon Musk and Tesla still shot to the moon.

[jamalfudge]

So I have some BTC, ETH, and XRP.

I don't get why people are ****ting on the founders of Ripple...
So Brad Garlinghouse and Chris Larsen who's already worth millions prior to Ripple have been doing this to enrich themselves more?

The same Brad Garlinghouse who's spoken at IMF conferences who's connections include BlackRock, SEC, BNY Mellon members and the same Chris Larsen who's reputation in tech probably is on equal with Mark Zuckerberg.

You guys are saying that this is all an elaborate scam?

Look at Ripples board members. All former BlackRock, JP Morgan execs.

Japan and Singapore also believes in Ripple. So these allegations against Brad and Chris? How do you make sense of it when these people are on the same level as Elon Musk and probably eat at the same dining table.

They don't need to take $100k retail investment from plebs lol.

Pretty much sums up my point of view on this. I don't think anyone's trying to scam the average shtcoiner but they want to get in on the cheap. Notice big name exchanges are halting/delisting, I'd argue the flip side that the reason they're doing this is because they've got career banksters sitting in their offices and all in on this together. And, Grayscale continues to buy XRP.

Spoiler!

lawd, sounding too much like a fanboi

In my opinion. This is an opportunity for an all but guaranteed 100% return on anyone with the balls to accumulate over the next 2 months. I'd be willing to bet the outcome of this lawsuit is that the SEC does find something that was "grey area" or not done properly, they slap them with a fine but they're able to return to business. Until that verdict comes out, XRP will bounce around 20 cents, maybe even dip into the teens, but when that news comes out it would almost instantly be back to trading at 40 cents if not higher. That's my guess anyway.

Brb using XRP gains to pay for a fresh ETH node.

[juvefan]

Lmao at the ripple cucks ITT. Only reason its so high is takinng advantage of “hurr durr imagine if it hits bitcoin prices” retards

[newbodybuilder2]

Lmao at the ripple cucks ITT. Only reason its so high is takinng advantage of “hurr durr imagine if it hits bitcoin prices” retards

Nah just saying that people here are over reacting a bit. I know XRP us hated on quite a bit, but do you really think the US will let this crypto fail? This lawsuit was much needed.

Look at Ripples roster. You'd be a fool to think that these people all don't golf with each other. Jay Clayton probably goes to Brad's dinner parties

[W1LLW]

Lmao at the ripple cucks ITT. Only reason its so high is takinng advantage of “hurr durr imagine if it hits bitcoin prices” retards

This is too simple and naive. Stellar reddits/discords/forums shill the exact same "wUt iF wuRLd CurreNCy!? ImaGIN gainZ!" larp. There's no way XRP larpers just so happen to have 7billion more dollars collectively.

But that's all i'm gonna say on the subject before people start to think I give a fuk if XRP really does succeed or not. I just can't help but shine a spotlight on the brazenly suspicious amount of money tied up in it still after losing over half its value.


Edit: That moment when you realize Bitcoin's current marketcap is over half a TRILLION dollars, and currently larger than Visa. Damn Daniel...

[wave_length]

Lmao at the ripple cucks ITT. Only reason its so high is takinng advantage of “hurr durr imagine if it hits bitcoin prices” retards

Embarrassingly in part true. In 2017, I overheard a conversation at the gym that went exactly like 'bro I'm gonna buy ripple, BTC is too expensive'.

[newbodybuilder2]

This is too simple and naive. Stellar reddits/discords/forums shill the exact same "wUt iF wuRLd CurreNCy!? ImaGIN gainZ!" larp. There's no way XRP larpers just so happen to have 7billion more dollars collectively.

But that's all i'm gonna say on the subject before people start to think I give a fuk if XRP really does succeed or not. I just can't help but shine a spotlight on the brazenly suspicious amount of money tied up in it still after losing over half its value.

BTC had the same criticisms and comments awhile back. The bears missed the boat. Just follow your gut, it worked out for me with BTC in the past with misc brahs were ****ting on it.

[ghostfacedup]

I'm only buying eth now. Bitcoin is pricing out all retail.

[Vexidi]

I said nothing about ripple being better quality. To your point that would make ethereum obsolete to cardano, dot, etc.

I don't want anyone itt to mistake my bullishness on xrp for me believing XRP is a superior project. I give zero fuks about any and all these underlying projects. That's why I hate when dudes start talking schit on other projects. Like who gives a fuk if it's making money?

So when I speak to XRP having 7 billion more dollars in marketcap than Stellar, that's not me insinuating stellar is inferior. That's me insinuating there is substantially more Bank and Hedgefund money behind the project, ergo more investment and incentive for the project to succeed. Which makes me raise the question again... "why is there so much more whale money in xrp? what do they know that we don't"

Ripple is a traditional fintech corporation with a well connected and experienced c-suite, sales and marketing teams. The value of XRP is speculation based on Ripple's "partnerships" using their traditional fintech software. As of now no heavy hitters want to use XRP. Another reason a lot of people chit on Ripple isn't just the project itself but how absolutely retarded the XRP online community is. They're the full retard version of bitcoin maximalists. The annoyance generated from their presence is enough to make a lot of people want to see XRP go away.

[juvefan]

Embarrassingly in part true. In 2017, I overheard a conversation at the gym that went exactly like 'bro I'm gonna buy ripple, BTC is too expensive'.

Its pretty hilarious too. Same reason litecoin is still relevant. At one point coinbase was normie central and only bitcoin, ethereum and litecoin was available to buy. Guess which was the cheapest and normie idiots bought a ton of?

[HMFIC_BROWSIN]

So glad I'm a swinger and not a hodl fanboy.

Ride the trends, I say.

U wanna ride a downtrend, go for it.

[Luc1fer]

Its pretty hilarious too. Same reason litecoin is still relevant. At one point coinbase was normie central and only bitcoin, ethereum and litecoin was available to buy. Guess which was the cheapest and normie idiots bought a ton of?

This is a tiny part of volume tbh. Doubt it has any real influence. These morons are buying 1 or 2 LTC.

[EdSTI]

thoughts on XLM?

[BetaAsPhuck]

Looking into it...

Basically, it's not a Ponzi or Pyramid scheme, and the smart contract works exactly like it says it does (it's been audited a few times). The problem is that it's written into the smart contract that the ETH and the HEX from the penalty for withdrawing early, goes to the 'origin address' which is likely owned by Richard.

So it's not technically a scam, the 'origin address' is actually known about and talked about by the HEX community. Everyone who buys into the HEX game theory makes money, but Richard makes the most money.... That's how it's designed.

Strange, strange coin.

Richard Heart is still IMO a very smart man, and I think his general criticism of Crypto is very well said and explained. I also think that HEX will probably do well for a while. I think however that Richard is smart enough that he knows that a high majority of the coins/tokens/projects in this 1st wave of blockchain tech will not survive, so he's created something that will make people money and make him the most money before the surviving coins/token/projects are established.

I would probably lock in for a year if I had funds, but that's me... I take high risks.

Hex update, because I don't feel comfortable not putting it out there...

Yep, I've seen it confirmed by multiple people who have looked into it - even by supporters - that the origin address (Richard) is indeed restaking the HEX sent to it.

How the origin address works is that written into the smart contract if a person withdraws their stake, before the time that they inputted when they first staked, then they get a penalty meaning a percentage of their HEX is take away from them. It's taken away, and then 50% is distributed to people staking and 50% is sent to the 'origin address'. And in turn Richard is restaking the HEX.

Make of that what you will.

[HMFIC_BROWSIN]

We thinking SMASH and RALLY over $30k

OR

Resistance + some sideways action?

[Luc1fer]

Damn, trading is hard. BTC finally breaks $29k level, hits $29,018 and immediately drops lol.

I often think I could be a profitable trader, I'd have a buy order just above $29k. But would've been caught.

This is why I don't trade.

[W1LLW]

We thinking SMASH and RALLY over $30k

OR

Resistance + some sideways action?

Put me down for resistance + some sideways action. This isn't fomo like 2017 so I don't expect a 30% retrace or anything, but I'm guessing it bounces off the 30k ceiling at least for a couple days.




Also...

[juvefan]

This is a tiny part of volume tbh. Doubt it has any real influence. These morons are buying 1 or 2 LTC.

No way. Nowadays we have a new class of investors called “robinhood investors” which were responsible for 2017 bubble and the current options bubble in the stock market, driving prices up through sheer retardation. Only difference now is theres cheaper coins on coinbase so ltc wont pump as hard.

[Gorillajewshead]

So glad I'm a swinger and not a hodl fanboy.

Ride the trends, I say.

U wanna ride a downtrend, go for it.

Just started leverage trading bitcoin and been making all kinda gains. But once I achieve one btc I plan to hodl for the next 5-10 years.

[BetaAsPhuck]

WISE token.

Ethical alternative to HEX. Started by an earlier investor of HEX, that got disgusted by Richard enriching himself and recycling his HEX.

Sorry guys, I wanted to keep it under my hat so that I could snipe it for cheap at launch. It launched at 12:00 UTC.


Paper...

https://wisetoken.net/docs


On Uniswap...

https://info.uniswap.org/pair/0x21b8...3344d3Ced7596E

Over 10 million in Eth is forever paired on UNISWAP from presale, because the keys are burned. It has an extremely high liquidity for a fresh token.

Benefits are that Wise is a ticket to ETH liquidity, plus (because of the burned Eth pairing) if the price of Eth is higher by the end of your staking period then so the WISE token, plus if you stake it you earn interest.

Code has been audited.

Wise is a staking token, that acts like a CD or Bond.

[Luc1fer]

BTC dominating again.

Is there an exploitable pattern here? Do people just FOMO into Bitcoin and then exit on consolidation?