MISC Crypto Crew (MCC) Vol: XII: Retirement plans and exit scams

[bangwhosnext]

Everybody seen this?

https://www.forbes.com/sites/billyba...lved-what-now/

[StevieSparkZ]

Everybody seen this?

https://www.forbes.com/sites/billyba...lved-what-now/

Good points on old hardware not being profitable in bitcoin mining. Miners trying to get the last of it before halving and etc.

Also this:

“I am confident we will see a new all-time high within 18 months, in the $20,000 - $50,000 region," said Simon Peters, market analyst at brokerage eToro, putting the top of the next bull market at around $100,000 to $120,000 per bitcoin.

However, Peters warned "another black swan event," such as the coronavirus pandemic, or a second wave of COVID-19, could see the bitcoin price decline.

[MiamiLife305]

Good points on old hardware not being profitable in bitcoin mining. Miners trying to get the last of it before halving and etc.

Also this:

“I am confident we will see a new all-time high within 18 months, in the $20,000 - $50,000 region," said Simon Peters, market analyst at brokerage eToro, putting the top of the next bull market at around $100,000 to $120,000 per bitcoin.

However, Peters warned "another black swan event," such as the coronavirus pandemic, or a second wave of COVID-19, could see the bitcoin price decline.

We lambo next year misc?

[lolimgood]

Never buy the top of the hype. Not breaking hard and closing above 10k is very bearish. The top of the hype was always gonna be a few days before the halvening. Sell off 1-2 days before was expected because sell off the day of the halvening was expected, so it came earlier. Biggest event in bitcoin history perhaps and it can´t confidently break 10k. It´s not gonna get any better for bitcoin long term, smart money will be happy with their profit and exit slowly.

Lets see what bitcoin does next week when the stock market is red. Remember that there are loads of people that will have massive profit selling now, and they will if they don´t think the future is bright. Plenty of people that bought below $1k will be happy taking profit and walk away as millionaires if they decide to get out.

I don't even know why you bother writing these long posts. Nobody takes you seriously.

Everything you say is either wrong or misleading.

Bitcoin will always be the #1 cryptocurrency, and it will gradually increase in price as time moves forward. If you think this isn't true, you're either too biased or too retarded.

Tezos will never top Bitcoin, nor will any other crypto. Just accept reality and move on with your life.

That said........There are still altcoins out there that will be worth a considerable fortune. Most notably BAT. I'm sure even ETH, Tezos, and Cardano will be worth a lot eventually, as well.

[StevieSparkZ]

I don't even know why you bother writing these long posts. Nobody takes you seriously.

Everything you say is either wrong or misleading.

Bitcoin will always be the #1 cryptocurrency, and it will gradually increase in price as time moves forward. If you think this isn't true, you're either too biased or too retarded.

Tezos will never top Bitcoin, nor will any other crypto. Just accept reality and move on with your life.

That said........There are still altcoins out there that will be worth a considerable fortune. Most notably BAT. I'm sure even ETH, Tezos, and Cardano will be worth a lot eventually, as well.

I agree with the 4 in bold, I think they will all be worth much more.

[PimpMasterC]

I don't even know why you bother writing these long posts. Nobody takes you seriously.

Everything you say is either wrong or misleading.

Bitcoin will always be the #1 cryptocurrency, and it will gradually increase in price as time moves forward. If you think this isn't true, you're either too biased or too retarded.

Tezos will never top Bitcoin, nor will any other crypto. Just accept reality and move on with your life.

That said........There are still altcoins out there that will be worth a considerable fortune. Most notably BAT. I'm sure even ETH, Tezos, and Cardano will be worth a lot eventually, as well.

Jesus. No, bitcoin will eventually fail.

Bitcoin is mostly just good for speculation, lets be real. Over time it will become less secure, and therefore lose it´s last advantage and marketing point. You can´t have a currency that people hoard and never spend. For an economic system to work there needs to be good flow of transacting value. It´s chit as a store of value as well, because who want to store their value in the most manipulated market on earth? Only idiots with low net worth, or rich people that put a super small % of their total in, just for fun.

Smart money is currently getting out or will be getting out of btc soon.

[Luc1fer]

KNC is such a weird coin. It moves counter to BTC. I called this out a couple of years ago on here and it still kinda behaves that way.

[Luc1fer]

Jesus. No, bitcoin will eventually fail.

Bitcoin is mostly just good for speculation, lets be real. Over time it will become less secure, and therefore lose it´s last advantage and marketing point. You can´t have a currency that people hoard and never spend. For an economic system to work there needs to be good flow of transacting value. It´s chit as a store of value as well, because who want to store their value in the most manipulated market on earth? Only idiots with low net worth, or rich people that put a super small % of their total in, just for fun.

Smart money is currently getting out or will be getting out of btc soon.

Even if everything you say it true, that doesn’t mean there won’t be further speculative bubbles. You have no idea if the price will shoot to $50k or not within the next few years.

Crypto will have another round in the spotlight and hype cycle.

[JuicedMayhem]

For anyone left still holding OMG it’s being added to Coinbase pro over the next few weeks.

https://blog.coinbase.com/omisego-om...o-46849dc228ce

[PimpMasterC]

This grandpa coin is congested af lol. 80k transactions waiting to be confirmed, again......lol. Hashrate going slightly goin down. I wonder if it will start trending down soon.

https://www.blockchain.com/explorer?...tc_unconfirmed

[EnglishRay]

I agree with the 4 in bold, I think they will all be worth much more.

Why BAT? You really think Brave will become an overwhelming success!?

[ghostfacedup]

Why BAT? You really think Brave will become an overwhelming success!?

could be given all the increases in web monitoring going on right now.

[Luc1fer]

WTC, ICX, IOTA and XLM are all almost dead in my portfolio. Be interesting to see if they recover at all.

[lolimgood]

Why BAT? You really think Brave will become an overwhelming success!?

Basic Attention Token is a free-flowing idea that is not tied to a browser. While it would be nice if Brave was super popular forever, it's not necessary for BAT to succeed.

Think of BAT as an ad platform rather than a browser.

WTC, ICX, IOTA and XLM are all almost dead in my portfolio. Be interesting to see if they recover at all.

I B M (why is this company a filtered word? Lol) is utilizing the XLM blockchain. I don't think that is going to fail. It'll be profitable eventually.

[Parkerscott]

Why BAT? You really think Brave will become an overwhelming success!?

It already has 14m users. Honey was purchased by paypal for $4B with 20m users. Brave/BAT is probably going to be much much larger than a browser extension.

[gixxer0.6g]

Not gonna lie, the monthly is looking bullish to me.

Also, where is that 3500 everyone in here was calling for? I had my checkbook ready

[StevieSparkZ]

KNC is such a weird coin. It moves counter to BTC. I called this out a couple of years ago on here and it still kinda behaves that way.

You are correct and I'm happy cause I just picked some up a couple of days ago.

It's the best performing asset I've had since lol

[PimpMasterC]

Not gonna lie, the monthly is looking bullish to me.

Also, where is that 3500 everyone in here was calling for? I had my checkbook ready

It´s gonna come one day, but might take months to years. Super bearish for bitcoin that you now can transact "bitcoin" on an increasing number of other blockchains. Very few people will use the main chain in the future. Wrapped tokens like WBTC, TBTC and Tezos´s TZBTC, is bearish for bitcoin. It´s bullish for the chains that add this feature, but bearish for the coin that gets tokenized and lured away from mainchain. The trend is for transaction costs to be as low as possible, which means the trend will be moving away from the bitcoin blockchain. Fantom and other chains also are adding similar tokenized btc. The bitcoin blockchain can currently not grow in any good way.

People at Ethereum knows that they are killing btc when they are doing this. Starting to become so many "btc" options now, that it will devalue real btc over time. The entire bitcoin ecosystem has become such a mess, that it´s difficult to sort out now. A fast decentralized upgradeable blockchain with smart contracts wouldn´t need all these sidechains and wrapped tokens in the fist place.

"Bitcoin is a store of value that is not controlled by the government", is an argument i often hear from buttcoiners. Well, gold is a better store of value, and the government controls bitcoin indirectly wether you like it or not. The government could destroy bitcoin and make it illegal, and the price would collpase in a few minutes, and never recover. Buttcoiners just need to admit that they are in it for the money/speculation, not the tech. Right now theres a helluva lot people defending their investment by coming up with chit flawed arguments. The tech is cool and all, but the government controls it, not directly, but indirectly. Most crypto people really don´t care about the decentralization or cencorship resistance, but they pretend they do, so they can sell their investment to other people. They care about dollars at the end of the day, no one want to be the last guy holding bitcoin.

[Serenadium]

WTC, ICX, IOTA and XLM are all almost dead in my portfolio. Be interesting to see if they recover at all.

lmfao you are really good at holding onto chitcoins.

I'd sell them for BTC immediately personally. Kyber is worth keeping, however, only enough to see how Katalyst goes.

If the staking fee and/or burning rate is set too high by KNC holders, Uniswap will take more market share (as it currently is with 3x the volume). DEX like many other dapps may well be another case of 'token not needed' - why provide liquidity and take fees minus staking rewards when you can take the full fee?.

[PimpMasterC]

[Nicklol]

where do people trade and keep their bitcoins in Canada nowadays? whats the most trustworthy exchange?
considering getting back into coinz but remember back in the day, tons of people were getting their wallets hacked and random transactions and withdrawls going missing

[Parkerscott]

where do people trade and keep their bitcoins in Canada nowadays? whats the most trustworthy exchange?
considering getting back into coinz but remember back in the day, tons of people were getting their wallets hacked and random transactions and withdrawls going missing

This is going to be an unpopular opinion from someone who uses coinbase, but download brave and then verify your account through uphold. If you end up buying a large enough stack move whatever coins you have offline into a hardware wallet like a ledger or ******. The reason I say to go the uphold route is because they support almost all major currencies, have a large selection of tokens and even physical gold, they have a debit card, and they also have interest earning storage options.

[Mogambo]

WTC, ICX, IOTA and XLM are all almost dead in my portfolio. Be interesting to see if they recover at all.

Looks like you bought into some hype coins.

[StevieSparkZ]

Looks like you bought into some hype coins.

Walton, Icon, and IOTA have all basically vanished.

I hear bits and pieces about Icon every now and then, but it's mostly Stellar in that list.....

[Mogambo]

Walton, Icon, and IOTA have all basically vanished.

I hear bits and pieces about Icon every now and then, but it's mostly Stellar in that list.....

You say vanished, I say none of those projects ever did anything.

There was a recent chain analysis/audit of a bunch of coins. Besides ETH and BTC, all blockchains consisted of spam traffic. Crap like staking or air drops. This includes the big alts like LTC, EOS...all those supposed ETH/BTC killers. Spam city on their blockchains. Good for nothing.

I'm glad that when I first got into cryptos in 2017 it was primarily through a couple IRL friends and this thread. Had I gone down the Reddit/Discord/******** rabbit hole I would have lost a lot of money. All hype and scams. So tempting. Fundamental analysis = reading about atomic swap potential on ********. So easy to get caught up in that stuff, especially at that time.

I lol @ my 'investment' strategy back then. I really do consider myself lucky that I didn't royally **** up and lose a lot of money. I think we all know a of someone in that unfortunate position.

Speaking of Stellar, I remember reading up on Jed McCaleb a couple years ago when I was thinking about getting a bag of XLM. His sketchy past is well documented. But at the time I was like...nah man he's just a character, XLM is legit. Spidey senses tingling but still gonna sink money into his project. Irrational thinking. He continues to do shady **** to this day.

[Mogambo]

2% of transactions conducted on the XRP ledger and only 18% of transactions on Tezos (XTZ) result in “value” transfers.

during the period from October 1, 2019, to December 31, 2019, approximately 95% of transfers on EOS involved airdrops of a useless token.

https://www.crowdfundinsider.com/202...seless-report/

[Airmaster360]

where do people trade and keep their bitcoins in Canada nowadays? whats the most trustworthy exchange?
considering getting back into coinz but remember back in the day, tons of people were getting their wallets hacked and random transactions and withdrawls going missing

I use coinsquare , e transfer has worked out good so far, no issues with them. i store my bitcoin on nano ledger

[PimpMasterC]

Now you see ********, visa and reddit trying to make their own digital currencies. Bad news for bitcoin. For a cryptocurrency to be able to compete with these in the future, it will need as many features as possible, therefore bitcoin will fail.

[savageoldman]

Now you see ********, visa and reddit trying to make their own digital currencies. Bad news for bitcoin. For a cryptocurrency to be able to compete with these in the future, it will need as many features as possible, therefore bitcoin will fail.

smh

bitcoin is the king and always will be

[PimpMasterC]

smh

bitcoin is the king and always will be

You really convinced me with that post. They said the same thing about myspace.