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

[johnnyboi123]

Number go down too fast, number go up soon.

[johnnyboi123]

literally never gets old because it's always relevant. theres ALWAYS someone jumping in at the top.

Imagine some normie buying at $19600 a couple of days back....and then panic selling today lmao

[Luc1fer]

Imagine some normie buying at $19600 a couple of days back....and then panic selling today lmao

lmao that's what happens

https://www.reddit.com/r/CryptoCurre...ok_for_7_days/

"Yeah. This is stressful."

Pussy


"welcome to the ****ing show".. lol yup

[savageoldman]

lmao that's what happens

https://www.reddit.com/r/CryptoCurre...ok_for_7_days/

"Yeah. This is stressful."

Pussy


"welcome to the ****ing show".. lol yup

lol as soon as he says fuk it and sells whales will pump it up

[mcdojo]

"Die for good"

21.4m users and ad buys increasing every month. Im sure some TA means the death of a multi billion dollar business.

Brutal reminder that the bat ceo got schooled on token economics/utility by a self proclaimed random twitter troll.

He lost a bet (wasnt even close) that was supposed to prove the twitter trolls thesis as worthless, and its now been almost 2 years later and he still loses the bet massively today.

Doesnt that mean the thesis was right lmao.

[Parkerscott]

Brutal reminder that the bat ceo got schooled on token economics/utility by a self proclaimed random twitter troll.

He lost a bet (wasnt even close) that was supposed to prove the twitter trolls thesis as worthless, and its now been almost 2 years later and he still loses the bet massively today.

Doesnt that mean the thesis was right lmao.

Oh no, he got his ego hurt on twitter over a speculation bet. Thats it boyos Brave/BAT is done for. Who would have thought a 2 year old tweet would be the catalyst? Brutal thesispill

[johnnyboi123]

based

[W1LLW]

Imagine some normie buying at $19600 a couple of days back....and then panic selling today lmao

You absolutely know it happened too.

[BDSMBBW]

"Die for good"

21.4m users and ad buys increasing every month. Im sure some TA means the death of a multi billion dollar business.

"multi billion dollar business"

If they could list a legit business, They should do an IPO. They do the ICO cuz its easier to pump n dump without attracting attention from SEC dogs. It has done this at the same areas for almost 10 times already and then just went rot mode for the last ~2 years after the coinbase pump and dump.

[Luc1fer]

You absolutely know it happened too.

[img]https://i.imgur.com/VSiIhdr.png[/im

[Luc1fer]

This seems really positive: https://www.fidelitydigitalassets.co...ive-investment

[Parkerscott]

"multi billion dollar business"

If they could list a legit business, They should do an IPO. They do the ICO cuz its easier to pump n dump without attracting attention from SEC dogs. It has done this at the same areas for almost 10 times already and then just went rot mode for the last ~2 years after the coinbase pump and dump.

You do know companies can stay private and be worth billions without going public dont you? Im not even going to entertain the second part of your post because its retard posting.

[BDSMBBW]

Individuals commit the sunk cost fallacy when they continue a behavior or endeavor as a result of previously invested resources (time, money or effort) (Arkes & Blumer, 1985). This fallacy, which is related to loss aversion and status quo bias, can also be viewed as bias resulting from an ongoing commitment.
For example, individuals sometimes order too much food and then over-eat just to “get their money’s worth”. Similarly, a person may have a $20 ticket to a concert and then drive for hours through a blizzard, just because she feels that she has to attend due to having made the initial investment. If the costs outweigh the benefits, the extra costs incurred (inconvenience, time or even money) are held in a different mental account than the one associated with the ticket transaction (Thaler, 1999).

Research suggests that rats, mice and humans are all sensitive to sunk costs after they have made the decision to pursue a reward (Sweis et al., 2018).

https://www.behavioraleconomics.com/...-cost-fallacy/


BAT is not invincible. Greater and bigger companies than a browser have fallen down. What do you think will make Brave browser last ages?

For context - Brave is not even listed amongst the top browsers - https://gs.statcounter.com/browser-market-share

[Parkerscott]

Individuals commit the sunk cost fallacy when they continue a behavior or endeavor as a result of previously invested resources (time, money or effort) (Arkes & Blumer, 1985). This fallacy, which is related to loss aversion and status quo bias, can also be viewed as bias resulting from an ongoing commitment.
For example, individuals sometimes order too much food and then over-eat just to “get their money’s worth”. Similarly, a person may have a $20 ticket to a concert and then drive for hours through a blizzard, just because she feels that she has to attend due to having made the initial investment. If the costs outweigh the benefits, the extra costs incurred (inconvenience, time or even money) are held in a different mental account than the one associated with the ticket transaction (Thaler, 1999).

Research suggests that rats, mice and humans are all sensitive to sunk costs after they have made the decision to pursue a reward (Sweis et al., 2018).

https://www.behavioraleconomics.com/...-cost-fallacy/


BAT is not invincible. Greater and bigger companies than a browser have fallen down. What do you think will make Brave browser last ages?

For context - Brave is not even listed amongst the top browsers - https://gs.statcounter.com/browser-market-share

Thanks for posting that sunk cost fallacy excerpt from wikipedia. Im sure nobody knew what it was until today.

I know BAT is not invincible either, and thats why I watch its progress so I can pull the plug if needed. Your linked "browser list" is not even accurate information either. How should I expect you to know the health of brave if you are probably doing a 2 minute cursory glance and then producing inaccurate information? The company is doing great. They are hiring more people, their product is scaling, users are joining en masse and clients are routinely running repeat campaigns. I know it could turn, but as of now everything looks good. Braves customer acquisition cost has been dirt cheap, and their average revenue per user is growing. I will not be surprised at all if they hit profitability in the next 6 months. Profitability is the reason I think they could last ages. That, and they are making a great product that people love, and the competition is quickly becoming something people hate.

[Serenadium]

Individuals commit the sunk cost fallacy when they continue a behavior or endeavor as a result of previously invested resources (time, money or effort) (Arkes & Blumer, 1985). This fallacy, which is related to loss aversion and status quo bias, can also be viewed as bias resulting from an ongoing commitment.

https://www.behavioraleconomics.com/...-cost-fallacy/

This is not targeted at anyone but its worth repeating that although everyone knows what Sunk Cost fallacy is, I think it is the most important lesson in crypto, followed by an exit strategy.

For example, a large portion of my portfolio is Bitoin but if it is flipped in market value(outside of a sudden manipulative spike), I will sell my Bitcoin and likely all other cryptocurrency instantly as dominant stores-of-values cannot be flipped (i.e. how is an investor to know what their new SOV investment won't be flipped?).

Don't marry your bags, I've seen countless people become cheerleaders who have held their token to worthlessness.

To refinement my investment basis, sometimes I've even FUDed my own bags to get an answer to what I feel is a important valuation question (people don't respond when you ask nicely... funny that).

[PimpMasterC]

Reminder That Chinese police just seized a huge amount of crypto from a scam. Chinese police now own about 1% of the entire BTC supply. They also seized over 830k ETH. Yall better hope china doesn´t dump on your asses.

Reminer that Mt Gox still holds more than 150k BTC and a lot of alt coins. Better hope they don´t dump on your ass.

Sotoshi and friends alreadt owns 10% of the supply. 1% of the supply in the hands of china (probably more though). And around 0.6% of the entire Btc supply is in the hands of Mt gox japanese lawyer.

Lol, this is why bitcoin is not a robust currency. 15%+ of the total supply is in the hands of a few people that can potentially dump at you at any time and crash the price. Yall better pray to Vishnu they don´t decide to unload their huge bags on top of you, cuz I doubt you have the billions it takes to buy them up.

Not only does China control a huge portion of the bitcoin hash rate, they now are one of the largest holders as well. Also remember that institutions sell when the volume is high during bull runs. Thats when they sell and dump on retail.

[W1LLW]

[img]https://i.imgur.com/9C7xbre.png[/g]

Yes that chart-meme is more accurate.

For context - Brave is not even listed amongst the top browsers - https://gs.statcounter.com/browser-market-share

Not the best example. As that list contains samsung's native browser for galaxy users. So they win of just sheer numbers. Brave has always been a browser "for the awares". This forum is borderline unusable with all the spammy ad scripts that run without a blocker. Brave Browser is more often than not my daily driver.

I use chrome for work accounts/browsing.

i am financially ruined

Can confirm. Currently selling used underwear online to make ends meet. Contemplating creating an onlyfans account.

Don't marry your bags, I've seen countless people become cheerleaders who have held their token to worthlessness.

To refinement my investment basis, sometimes I've even FUDed my own bags to get an answer to what I feel is a important valuation question (people don't respond when you ask nicely... funny that).

Think this goes back to very basic fundamentals. ID YOUR accumulation window and YOUR sell window and execute at those levels. Throw the emotion out. All of the wild swings between those points are just noise. Yeah it was cool to watch XRP/ETH rocket up but they weren't hitting my sell points so i held. They could dip to .30cents and $300 respectively and i will have lost nothing.

My friend dabbles in TSLA options, and was all "dammit i sold my options but it went up double what i exited", completely playing the captain hindsight game and ignoring the fact that she just secured $2,000 in a single day. Fuk that, stick to your game plans.

Reminder That Chinese police just seized a huge amount of crypto from a scam. Chinese police now own about 1% of the entire BTC supply. They also seized over 830k ETH. Yall better hope china doesn´t dump on your asses.


Not only does China control a huge portion of the bitcoin hash rate, they now are one of the largest holders as well. Also remember that institutions sell when the volume is high during bull runs. Thats when they sell and dump on retail.

I'm sure a cryptoschizo of your caliber has seen the infamous chinese mining farms. They're not looking to dump anything, they're looking to stockpile as much as possible and ride the price spike to global GDP domination.

[HMFIC_BROWSIN]

Reminder.

Bear trap confirmed

[mcdojo]

Oh no, he got his ego hurt on twitter over a speculation bet. Thats it boyos Brave/BAT is done for. Who would have thought a 2 year old tweet would be the catalyst? Brutal thesispill

It wasn't a speculation bet, it was a bet that the bat ceo made to prove the guys thesis wrong. It wasn't a bet on price but of the superior utility of bat over bitcoin/lightning network (paraphrased bat ceos own words)

Given that he lost the bet by like 1000% and he still loses the bet 2 years later by 1000%, what does that mean for the utility of bat. If he was so wrong about that what else is he wrong about.

If a normal ceo missed a forecast by 1000% he would be destroyed.

Brutal

[johnnyboi123]

btc chart looks like ****, looks like it's itching to go another leg down

[Parkerscott]

It wasn't a speculation bet, it was a bet that the bat ceo made to prove the guys thesis wrong. It wasn't a bet on price but of the superior utility of bat over bitcoin/lightning network (paraphrased bat ceos own words)

Given that he lost the bet by like 1000% and he still loses the bet 2 years later by 1000%, what does that mean for the utility of bat. If he was so wrong about that what else is he wrong about.

If a normal ceo missed a forecast by 1000% he would be destroyed.

Brutal

What are you on about? Missed a forecast in crypto by 1000%? That whole thread was about why brave should have built with lightning instead of BAT two years ago. The conclusion was that lightning was utter chit and nowhere near ready. Two years later its still not ready. Two years from now it still wont be ready. Oh he was wrong about a price bet? Better scrap everything built to build on lightning because some guy on twitter said so.

Brutal thesis dude.

[manjay]

Saffron Finance boys, watch it in coming weeks.

[gixxer0.6g]

Are the bulls back in town? What a run. Didnt get near enough media coverage this time.

[luckyboy23]

XLM rebounding. **** it man. Just hit $1.

[johnnyboi123]

ya'll getting in on dat dere xrp for the flare token airdrop?

[Horse86]

BAT is without the a doubt the best stable non-stable coin there is....hands down. Got that going for it.

XLM rebounding. **** it man. Just hit $1.

Big bag bois since 2017

[Luc1fer]

XLM rebounding. **** it man. Just hit $1.

If it doubles from here, I'm close to breakeven

[W1LLW]

ya'll getting in on dat dere xrp for the flare token airdrop?

Nah, I planned on selling my stack December 11 to dodge that pesky free money.

[luckyboy23]

If it doubles from here, I'm close to breakeven

Got damn, how long have you been holding the bag?

[Luc1fer]

Got damn, how long have you been holding the bag?

Jan 2018