MISC Crypto Crew (MCC) Vol: XV: Getting Zucked into the Metaverse

[im2manly]

god dammit. so now i owe taxes on the bat i've been making from brave?

got some form in my email. makes me want to opt out of bat

Bro just pay the 12 bucks

[FrankCostanza]

Bro just pay the 12 bucks

this

[FrankCostanza]

Discord I’m in says ******** has an all hands meeting today with some huge announcement. Rumor is they’re buying Sandbox

theyre buying a sandbox for all of the trans cats they hire to use

[entropy91]

It wasn’t the whole discord talking about it. It was one guy. The discord is actually really good.


But if ******** did do that isn’t that actually bad for crypto? It’s the exact opposite of decentralization

********, Google and other social media conglomerates are on the path to inevitable demise. Their business models and practices are unsustainable and do not extrapolate into this new paradigm.

You can read George Gilder's work on blockchain to see some arguments why.

George Hotz also talks about it somewhat

https://geohot.github.io/blog/jekyll...the-state.html

[entropy91]

LOL

https://www.theblockcrypto.com/linke...utable-x-grant

After receiving the stash of tokens with no vesting period, GameStop sent the tokens to multiple crypto exchanges and the price of IMX dumped significantly within a short time period thereafter — implying that they were sold.

Following the coins being sent to the exchanges, the price of IMX has dropped from a two-week high of $4.13 to a low of $2.80 — down 30%. Per CoinGecko, the token is trading hands at $2.97 as of press time.

Brutal.

[Mogambo]

Want to unload my Sait. Fully expect it to moon upon sell.

[entropy91]

So comfy

[entropy91]

[entropy91]

Brutal.


https://www.theblockcrypto.com/post/...democrat-event

Central to this argument is Gensler’s skepticism when it comes to the novelty of cryptocurrency technology. Per the notes, Gensler appears to have spoken on the subject somewhat more frankly than in past public appearances. He told Congresspeople and legislative staff on the call that the ecosystem for digital assets is more centralized and less new than the industry acknowledges.

“Most of these tokens are securities,” Gensler was quoted as saying.

Seeing tons of people having trouble accepting their tokens aren't coming back. Poor bastards.

[tunejunkie]

Brutal.


https://www.theblockcrypto.com/post/...democrat-event




Seeing tons of people having trouble accepting their tokens aren't coming back. Poor bastards.

I mean didn’t we already know this was his opinion based on his position in the Ripple lawsuit?

[entropy91]

I mean didn’t we already know this was his opinion based on his position in the Ripple lawsuit?

Most normies don't. Now it's at the forefront again with the executive order and FBI forming a cryptocurrency division. You have to remember the psychology of market participants. When the price is climbing upwards all negative headlines are written off as FUD. The lower the price goes the more participants begin to question their investments.

[kusok]

So comfy

Lol, I’m waiting to deploy about 50% more of the cash. Hands so itchy… when we can go in? Bro! Let me bang!

Particularly was thinking of adding to my positions in btc, amazon, aapl, Amd, TSLA, was gonna run a wheel on all except btc because NY so can’t use FTX, and no wheel on amazon yet, can’t afford lol.

[entropy91]

Lol, I’m waiting to deploy about 50% more of the cash. Hands so itchy… when we can go in? Bro! Let me bang!

Particularly was thinking of adding to my positions in btc, amazon, aapl, Amd, TSLA, was gonna run a wheel on all except btc because NY so can’t use FTX, and no wheel on amazon yet, can’t afford lol.

Expecting short term relief now and then a retest of support. Have bids layered from 38k to 36k.

[entropy91]

Imagine trying to fade GCR. Alts are on a perpetual ride down where the majority will never recover. You were warned multiple times.

https://twitter.com/GCRClassic/statu...p9A1LvzmA&s=19

https://twitter.com/GCRClassic/statu...bYsQEFB-w&s=19

https://twitter.com/GCRClassic/statu...a12xzflgw&s=19

[MisterInfinity]

Imagine trying to fade GCR. Alts are on a perpetual ride down where the majority will never recover. You were warned multiple times.

https://twitter.com/GCRClassic/statu...p9A1LvzmA&s=19

https://twitter.com/GCRClassic/statu...bYsQEFB-w&s=19

https://twitter.com/GCRClassic/statu...a12xzflgw&s=19

I keep reading this logic in here and I just cannot keep up.

This is assuming:

1. You invested at the most possible all time high of a coin during a bull run.

2. You invested in a complete shiet project.

3. You invested in a "solid" project and during a 3 year long bear market, you did not have the critical thinking to DCA when said coin reached rock bottom for several months.

So in all, this only applies if you invested in a rug pull like lunadoge, or you invested on, again a "solid" project, at the absolute peak, and did not have the hindsight of DCAing for months in a bear market when said coin is at rock bottom, because if you did, chances of you hitting even, or even ending up in profit are most likely on your side.

So, again, what kind of fking brainless monkey retard, do you have to be, to fit that narrative?

Cause in the slight chance anyone here fits this description, then by all means, they deserve to lose all of their money. But Jesus Christ you would have to be one dumb modafuker.

[entropy91]

I keep reading this logic in here and I just cannot keep up.

This is assuming:

1. You invested at the most possible all time high of a coin during a bull run.

2. You invested in a complete shiet project.

3. You invested in a "solid" project and during a 3 year long bear market, you did not have the critical thinking to DCA when said coin reached rock bottom for several months.

So in all, this only applies if you invested in a rug pull like lunadoge, or you invested on, again a "solid" project, at the absolute peak, and did not have the hindsight of DCAing for months in a bear market when said coin is at rock bottom, because if you did, chances of you hitting even, or even ending up in profit are most likely on your side.

So, again, what kind of fking brainless monkey retard, do you have to be, to fit that narrative?

Cause in the slight chance anyone here fits this description, then by all means, they deserve to lose all of their money. But Jesus Christ you would have to be one dumb modafuker.

There are quite literally thousands of tokens in the graveyard that have never recovered. Many of them were considered "solid projects" by their bagholders. Catching knives just to break even isn't really a good strategy and the probability of bidding on the way down being +EV this far into the cycle isn't promising. There's a reason why the majority of investors in this space lose money.

Massive drawdowns cast a wide net and encapsulate buyers from multiple timeframes.

[kusok]

There are quite literally thousands of tokens in the graveyard that have never recovered. Many of them were considered "solid projects" by their bagholders. Catching knives just to break even isn't really a good strategy and the probability of bidding on the way down being +EV this far into the cycle isn't promising. There's a reason why the majority of investors in this space lose money.

Massive drawdowns cast a wide net and encapsulate buyers from multiple timeframes.

I’m like 70% or more BTC now, got some Eth, sol, luna and fantom, less than 1% on crap, just in case, and 50% cash waiting, am I doin it right?

Wen moon?

Meanwhile just running a wheel on CLSK and hut8, nice premiums, while I wait for the fooking moon.

[Lucky_ROA]

Sup boyos. What’s the general consensus on the big 3 coins right now ?

[Luc1fer]

Sup boyos. What’s the general consensus on the big 3 coins right now ?

1-2 year bear

[kusok]

1-2 year bear

No fookin way

Srs.

Would bet balls. 100k btc by end of year or earlier.

[entropy91]

this

russia-ukraine is a farce, and even if war does break out, it'll be a momentary dump before rebounding.

fed will raise rates but by not a lot. It will drop the market but rebound.

I have a sliver of hope. That mainly rests upon the thesis of countries bidding the chit out of the corn and causing other liquidity to FOMO in.

[im2manly]

Sup boyos. What’s the general consensus on the big 3 coins right now ?

Short DOGE long SHIB and DCA LOGE

[entropy91]

No fookin way

Srs.

Would bet balls. 100k btc by end of year or earlier.

Zhu Su psy oping on the bird app about BTC going 2x ATH in a few months is pretty concerning to me.

[Luc1fer]

No fookin way

Srs.

Would bet balls. 100k btc by end of year or earlier.

Hope you’re right, but I think the market is going to brutally shake out this NFT bubble.

Crypto newbies have not experienced real pain and capitulation yet. That’s why I don’t think the bear is done, not nearly brutal enough yet - still hope in the air. That hope has to turn to despair.

And then I’ll buy more, when my emotions are telling me not to.

[kusok]

Hope you’re right, but I think the market is going to brutally shake out this NFT bubble.

Crypto newbies have not experienced real pain and capitulation yet. That’s why I don’t think the bear is done, not nearly brutal enough yet - still hope in the air. That hope has to turn to despair.

And then I’ll buy more, when my emotions are telling me not to.

Tru. Personally if say BTC 80% drop in price, I’m 100% calm as always and buying much more. Willing to hold forever. Will never sell, just will borrow against.

[entropy91]

If alts don't get some type of relief pump soon their major support is going to break. That cascade is going to be brutal. Nobody is bidding.

[kusok]

If alts don't get some type of relief pump soon their major support is going to break. That cascade is going to be brutal. Nobody is bidding.

When you say alts, do you include ETH and other big names like sol and fantom tho?

[Mogambo]

Hope you’re right, but I think the market is going to brutally shake out this NFT bubble.

Crypto newbies have not experienced real pain and capitulation yet. That’s why I don’t think the bear is done, not nearly brutal enough yet - still hope in the air. That hope has to turn to despair.

And then I’ll buy more, when my emotions are telling me not to.

The pain n capitulation this cycle doesn't even compare to previous ones. It's been a steady drawn down this time with plenty of opportunities minimize your losses. BTC has been relatively stable with lots of sideways action. And ****coins haven't straight up peaced out at the first sign of stress like in previous cycles. So many more opportunities to not end up holding a 10 cent on the dollar bag.

So to me, there's reason for optimism there. Although, one could argue that it's a negative to not have a market cleansing of the ****coins/NFTs. You want the money to flow to legit/exciting projects and not PnD coins.

[entropy91]

When you say alts, do you include ETH and other big names like sol and fantom tho?

Yes. The corn isn't exactly flashing any signs of confidence right now either.

[entropy91]

Dodge the dips sell the rips