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

[mrc19888]

Literally hopped on here from vacation and LOLed at ETH at close to sub $100 levels. I remember people being like "I'm going to load up so hard at these levels" If you're buying now your balls are incredibly steely.

[MyBaddBrah]

Literally hopped on here from vacation and LOLed at ETH at close to sub $100 levels. I remember people being like "I'm going to load up so hard at these levels" If you're buying now your balls are incredibly steely.

wait, people are buying now and not waiting till it drops another 35% or so?

[iifymbro]

wait, people are buying now and not waiting till it drops another 35% or so?

Wait, people are buying ETH at all regardless of further dumpage?

[Furybox]

If you scared say you scared!

But forreal though keep in mind that one day crypto will be the ultra aggressive portfolio option when you're signing up for 401k at work. That's why I laugh at naysayers. This stuff is already In the works now. It's not a dream


This sht ain't going away. And if you think it is then either you're stupid or willfully ignoring what's actually happening

If the long term bull case for crypto is for it to actually be USED why would it ever be an option for investment, particularly in retirement plans (which effectively would just take coins out of the market and lock them up doing nothing)?

[eternalone423]

This thread is on fire. Dayumn

I'm still buying all the way down. IDGAF. I don't need my money at the moment as it would be sitting in a bank or something doing nothing if I wasn't in crypto. I'm in the red just like many of the people here still, but I will accumulate until I can't anymore. Hopefully everything works out.

I am hopeful that there's light at the end of the tunnel in 2019, 2020, etc. By then, I hope things will look a lot sweeter.

Crypto is far from dead. We are just in a funky, dark, and wet period. When it rebounds, it's going to rebound hard AF. The market is no longer a shorters paradise.

I would pull all your coins off of exchanges as soon as possible and spend lunch money to accumulate more at these prices and stop stressing, IMO.

[Trapstar4.4]

If the long term bull case for crypto is for it to actually be USED why would it ever be an option for investment, particularly in retirement plans (which effectively would just take coins out of the market and lock them up doing nothing)?

Yep that the debate that is ongoing. We don't know which way it will go. Btc still has to work out the lightning network so we can't know. The advantage from a tokenomics perspective is that btc's supply is small. If u factor in those that are stored away, that's where you get our bullish case for high value of each individual btc. Esp considering that the halving in spring 2020.

People wonder "why tf do people call for btc to eventually get to 6 figures and beyond.?"
One of the major factors is the big name and its tight supply. There is simply not enough for everybody to own btc. So the value will adjust accordingly. Some people ignore the fact that we have already demonstrated the demand for btc in a bullish climate. Ignoring it doesn't make that fact go away however

[Trapstar4.4]

also brave browser is on fcking fire.

i was just commenting the other day about how i have heard people IRL mention it.
just saw a new thread on the main forum. curious to see how many have tired, or are open to it

[ymer]

God damnit another one in here now


I said to short sell the ponzi ya dumb fuk, aka make money off it not give your money away to it. learn how to read

[Luc1fer]

-98% on ICX fuk lol

[mujie]

If i was an institution, and wanted cheap btc.

1. As it seems there are not a lot of noobs left to sell but also no one is buying, I would dump it to a low and keep it there until i have what i wanted. Which seems like it would be super easy to do.

And i guess price will keep going down until we find a price where the big buyers want to buy at.

I distinctly remember you saying earlier in the year that BTC won't drop to $3k. Lul

Why the fuk is everyone talking about buying the "dip" and averaging down? This is not a "dip", the bottom is not in yet, wherever that may be. And it's better to buy a $5k BTC on the way up than $3k on the way down.

[johnnyboi123]

not sure how long this little rally will last before the next leg down.

[DavidL913]

-98% on ICX fuk lol

what a chitcoin lmaooooooooooooooo

all my alts/ICOs are rekt

[Luc1fer]

what a chitcoin lmaooooooooooooooo

all my alts/ICOs are rekt

Thanks mgftp

[Trapstar4.4]

I distinctly remember you saying earlier in the year that BTC won't drop to $3k. Lul

Why the fuk is everyone talking about buying the "dip" and averaging down? This is not a "dip", the bottom is not in yet, wherever that may be. And it's better to buy a $5k BTC on the way up than $3k on the way down.

some of yall are simplifying this sht way too much

yeah you could wait for the market to turn around. or at least what you THINK is a rebound. but even then chances are that $5k price that youre talking about is fomo territory. where your buying the top of a pump.

unless you are looking to TRADE btc, then nobody can talk sht to somebody anybody is buying btc at $3k. buy at 3, then buy at 2 if it goes down that far

[Trapstar4.4]

-98% on ICX fuk lol

i have been deathly afraid of ICX for the past 6 months. i was a huge fan of that project for a long while then i dont know what happened. some of these coins tend to sink back into the background. you really need those front facing people to keep you relevant.

granted im sure a big part of that is the korean fud and regulation. very interested in what becomes of ICX. a ton of potential there

[mujie]

some of yall are simplifying this sht way too much

yeah you could wait for the market to turn around. or at least what you THINK is a rebound. but even then chances are that $5k price that youre talking about is fomo territory. where your buying the top of a pump.

unless you are looking to TRADE btc, then nobody can talk sht to somebody anybody is buying btc at $3k. buy at 3, then buy at 2 if it goes down that far

The 5k was just an example. When you're buying an asset in a bear market, all you have is "Hope" that it will recover. How long it takes no one knows. You could be holding your 3k bag for years with no clear sign of recovery. The asset could plummet further than could imagine.

Buying an asset in an uptrend with good volume and multiple tests of support levels is a clear sign that the downward trend has reversed and the probability of making a profit is good. This is what prudent investors look for in any market.

Fomo and buying the tops are just signs of financial illiteracy, in that case you're better off leaving your money in a bank and being grateful for the 2% interest a year.

[Trapstar4.4]

The 5k was just an example. When you're buying an asset in a bear market, all you have is "Hope" that it will recover. How long it takes no one knows. You could be holding your 3k bag for years with no clear sign of recovery. The asset could plummet further than could imagine.

Buying an asset in an uptrend with good volume and multiple tests of support levels is a clear sign that the downward trend has reversed and the probability of making a profit is good. This is what prudent investors look for in any market.

Fomo and buying the tops are just signs of financial illiteracy, in that case you're better off leaving your money in a bank and being grateful for the 2% interest a year.

keep in mind im not talking about trading.
most of us who are NOT trading, are willing to hold for the long term. so who are you to criticize it?

again, as i said nobody should be criticized for buying btc at $3k. im not speaking to traders.
btc is scarce in supply and the tech is strong. buy at 3k and accumulate. if youre not trading then you should be looking at how much btc you own. NOT the price at this point.

unless youre great at trading. you buy and hold that sht. $3k is nothing.

buy at 3, and buy at 2. even though it probably wont go down that far

[mujie]

keep in mind im not talking about trading.
most of us who are NOT trading, are willing to hold for the long term. so who are you to criticize it?

again, as i said nobody should be criticized for buying btc at $3k. im not speaking to traders.
btc is scarce in supply and the tech is strong. buy at 3k and accumulate. if youre not trading then you should be looking at how much btc you own. NOT the price at this point.

unless youre great at trading. you buy and hold that sht. $3k is nothing.

buy at 3, and buy at 2. even though it probably wont go down that far

Unto each his own. I don't really care what people do with their money. Still not very wise to catch falling knives.

[Trapstar4.4]

here is the other thing.

so we know this bear market is going to last a while and tax season is around the corner

i need to find out if there is a shrewd move that i could pull to affect my tax filing situation for early next year. is it simple as realizing a chunk of losses real quick, then buying back in after we pull back from a pump?
i really need to study the tax laws around this stuff

Unto each his own. I don't really care what people do with their money. Still not very wise to catch falling knives.

maybe my situation is different than others. a falling knife is nothing for me because this investment for me is extremely speculative to begin with. it's just undead money sitting on a ledger for a long ass time any way. maybe it's different for others.

i should correct myself. a falling knife in higher ranges really does matter. but this asset is down over 80% at this point. i think we have maxed at 90% in the past. i'll eat knives at this level

with taht said, i am probably overextended. but it's all good. even if it goes to zero, i will just continue to earn paychecks at work, 401k continues accumulating. nothing really changes. im fairly young anyway

[irmocool]

6 thousand down...and guess what...IM STILL HODL"N MUHPHUCKERS

[Silencespeaks]

Oh it’s back over $4k on Gemini.

[propreffered7]

This thread is on fire. Dayumn

I'm still buying all the way down. IDGAF. I don't need my money at the moment as it would be sitting in a bank or something doing nothing if I wasn't in crypto. I'm in the red just like many of the people here still, but I will accumulate until I can't anymore. Hopefully everything works out.

I am hopeful that there's light at the end of the tunnel in 2019, 2020, etc. By then, I hope things will look a lot sweeter.

Crypto is far from dead. We are just in a funky, dark, and wet period. When it rebounds, it's going to rebound hard AF. The market is no longer a shorters paradise.

I would pull all your coins off of exchanges as soon as possible and spend lunch money to accumulate more at these prices and stop stressing, IMO.

tbh with you i am bullish about the space, but no idea what that means for all those coins out there.

i guess, as ive said many times before, they can all have their niche uses and survive..

[enzo818]

-98% on ICX fuk lol

Fukk. Korean ETH my arse. You could literally pick any coin right now though and its value dropped nearly just as much as ICX. This is just a brutal period for hodlers. On a positive note, since we didnt sell we are now only subject to long term capital gains tax if these coins ever rebound.

[Sezzors]

Q1 2019 should interesting with bakkt launching at the end of Jan, and the final date for VanEck etf at the end of feb. Until then I guess it downhill boys, 2k btc soon??

[Silencespeaks]

Q1 2019 should interesting with bakkt launching at the end of Jan, and the final date for VanEck etf at the end of feb. Until then I guess it downhill boys, 2k btc soon??

Yeah I’ll be buying. Will wire money in this week and will set laddered buy orders down.

[RespectYourself]

6 thousand down...and guess what...IM STILL HODL"N MUHPHUCKERS

[Tommy12Orr4]

We're all here to make money. Someone might have thought BTC would be $15k at this time back in June, but may have changed their opinion....it happens.

Only thing I can say for certain, it Chinese coins are absolute garbage. If the market reverses, they may be the ones that move the most, but I'm not buying anymore trash Chinese coins.


Right now I have:

BTC
OMG
WTC
NEO
ZEN


Missing the best coins in today's market though...........fiat.

[Trapstar4.4]

We're all here to make money. Someone might have thought BTC would be $15k at this time back in June, but may have changed their opinion....it happens.

Only thing I can say for certain, it Chinese coins are absolute garbage. If the market reverses, they may be the ones that move the most, but I'm not buying anymore trash Chinese coins.


Right now I have:

BTC
OMG
WTC
NEO
ZEN


Missing the best coins in today's market though...........fiat.

yeah coins in china tend to have complicated situations. esp china, who is different in almost every way imaginable. at work, i still remember getting a presentation from one of our marketing teams in China, and the title of the deck was "China is different" . maaan they werent lying

if im interested i usually liked to figure out if they have any plans of moving their domicile. and even better are they looking at SEC compliance.

some thing that it doesnt matter, but i would be feeling good if i was investing in a regional project that had SEC compliance on their list of goals

[mujie]

We're all here to make money. Someone might have thought BTC would be $15k at this time back in June, but may have changed their opinion....it happens.

Only thing I can say for certain, it Chinese coins are absolute garbage. If the market reverses, they may be the ones that move the most, but I'm not buying anymore trash Chinese coins.


Right now I have:

BTC
OMG
WTC
NEO
ZEN


Missing the best coins in today's market though...........fiat.

Uhm... WTC? NEO?

To be fair.... Everything got slaughtered. There's no such thing as "Good news" in a bear market. The average drop is 90%, so I don't see how being in China is a bigger disadvantage. Even though the government are a bunch of kunts.

[DavidL913]

Q1 2019 should interesting with bakkt launching at the end of Jan, and the final date for VanEck etf at the end of feb. Until then I guess it downhill boys, 2k btc soon??

Can't wait for the next delay announcement!