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

[MrLunge]

Low Cap Gem Shill


INTChain -https://coinmarketcap.com/currencies/int-chain/

Brief Summary

> $7m Marketcap

> Focusing on IoT + Blockchain in china which will be the biggest market for Internet of Things

> Earn interest by Voting/ Staking your coins - Easy to do.

> Over 70% of the circulating Supply locked up in staking.

> Partnerships with Huawei, China Telecom, & ZTE

> Recently incubated its first Project - https://coinmarketcap.com/currencies/road/ - An internet of Vehicles project.

This next one can be seen as good and bad but Okex run a supernode and have 80m coins, which in my opinion makes it in there best interest to pump the **** out of this coin to increase the value of there stack and staking rewards.

Website -https://intchain.io/

Recent Video Review - https://www.youtube.com/watch?v=zeOFZgH4o0s&t=436s

Technical Comparison with IOTA - ********************/coinmonks/int-vs-...n-9b36e05ae94e

Shill me your low cap gems, always on the look out for something new. I firmly believe its these low cap coins with actual use and adoption that will see the greatest financial gains.

[lowstrife]

From IAmNomad's twitter.

According to him 50% of the longs are self-funded and are not borrowing to be long. ie .. more than 50% are long @ 1x..

Not sure how that will affect the market though - If they are 1x long without borrowing are they essentially in hodl mode for btc?? or is there a chance they could get liquidated? Any ideas guys?

He's correct. It means two things:

The massive rise in longs is probably from one indivigual, who is self funded. Which means this person has no liquidation price because he isn't borrowing margin.

[BDSMBBW]

Oh Ok! Thank you for explaining - That makes sense! I reckon those entities holding so much btc don't intend on selling anytime soon.

After that matic dump - a lot of other alts took damage as well. CVC seems to have broken support - so careful on cvc.

[StevieSparkZ]

Oh Ok! Thank you for explaining - That makes sense! I reckon those entities holding so much btc don't intend on selling anytime soon.

After that matic dump - a lot of other alts took damage as well. CVC seems to have broken support - so careful on cvc.

CVC nice and low for us to load up, yes?

[Mogambo]

Bitcoin (BTC) price may have spiked throughout the global market on Dec. 12 due to the actions of a single bagholder — trying to win a $10,000 Dogecoin (DOGE) bet.

In an ongoing Twitter exchange, a Bitcoin whale known as Joe007 and Dogecoin supporter Samu publicly jostled for supremacy as it emerged Joe007 likely bought 800 BTC ($5.77 million) to defend the $7.2K level.

https://cointelegraph.com/news/bitco...in-001-in-doge

Cryptoland is best land

[Mogambo]

Was listening to Laura Shin's podcast. She had on the guy that wrote the book that The Social Network was based on. He talks about the Winklevoss/Zuckerberg rivalry.

Mind was blown at how much of a scumbag Zuckerberg was/is. Definitely pairing down the stuff I have on FB. Keeping it just to KIT with people. Uninstalled FB app on phone.

Even if he's not currently doing sheisty ****...don't feel good about supporting someone that came to his position the way Zuckerberg did.

[BDSMBBW]

CVC nice and low for us to load up, yes?

Yes - But i am not seeing any support at all below 350 sats area. If you plan on hodling it long term - there's a chance it could drop further. selling now taking a loss of ~4% than see it fall further. Or you can hodl it if you believe it will pump in future but there's a chance it could go to zero.

Hard to predict alts movement really because of low liquidity. CVC is already down like 95%+ from its all time peak.

I only put small amounts of money in alts that i dont mind losing. Because alts are a huge gamble. Its either 3-10x or it goes to zero for me.

[Serenadium]

Everyone should take part in the Proof of Keys event on 3 January. All you need to do is withdraw any crypto you have on an exchange to an offline wallet.

Why is it worthwhile?

1. It encourages exchanges to be honest with YOUR funds and prove their trustworthiness. Some exchanges operate at a fractional reserve so they can fund their private expansion or loan your funds out for interest.

2. Will allow users to learn and familirise themselves with offline wallets reducing exchange risk. Remember: NOT YOUR KEYS NOT YOUR WALLET.

3. Stress tests your exchanges' servers

The last proof-of-keys event culled dodgy exchanges like Quadriga and Cryptopia, they couldn't process the withdrawals because they had misused the assets.

[Mogambo]

Everyone should take part in the Proof of Keys event on 3 January. All you need to do is withdraw any crypto you have on an exchange to an offline wallet.

Why is it worthwhile?

1. It encourages exchanges to be honest with YOUR funds and prove their trustworthiness. Some exchanges operate at a fractional reserve so they can fund their private expansion or loan your funds out for interest.

2. Will allow users to learn and familirise themselves with offline wallets reducing exchange risk. Remember: NOT YOUR KEYS NOT YOUR WALLET.

3. Stress tests your exchanges' servers

The last proof-of-keys event culled dodgy exchanges like Quadriga and Cryptopia, they couldn't process the withdrawals because they had misused the assets.

That sounds like it will be a disaster. I would the majority of exchange wouldn't be able to handle their users withdrawing their bags. Neither can banks for that matter. I get that principle behind digital assets is that it's decentralized, but in reality the majority of people that trade cryptcurrencies rely on centralized networks.

[Grinners]

That sounds like it will be a disaster. I would the majority of exchange wouldn't be able to handle their users withdrawing their bags. Neither can banks for that matter. I get that principle behind digital assets is that it's decentralized, but in reality the majority of people that trade cryptocurrencies rely on centralized networks.

Banks can't handle this because they are fractionally reserved. Cryptocurrency exchanges are supposed to be fully reserved (not lent out - unless otherwise stipulated).

If an exchange doesn't have the assets they claim to have, then they are already insolvent; removing assets from the exchange simply reveals this.


Maybe MtGox wouldn't have grown to be such a problem if people had periodically exposed their reserves via a Proof of Keys type event.

Some exchanges may have delays (related to cold storage to hot storage procedures etc) and that is fine. Users can see these and exchanges can decide how (if at all) they want to evolve their systems from these types of increased useage; the real test is making sure people don't think they own assets which multiple people actually hold claim to.


The benefit of these types of events is multi-faceted:

1. Encourage users to improve their security practices (ie: hardware wallets/taking control of their assets).
2. Educating people on the dangers of centralised exchanges (and the risks and mitigations of holding your own keys).
3. Exposing insolvent exchanges.
4. Keeping solvent exchanges honest knowing this will occur periodically; reducing the temptation to dishonestly fractionally reserve assets.
5. Increasing the veracity/credibility of the outstanding balances and scarcity of digital assets.

[Mogambo]

I was surprised to find out that a lot of exchanges use each other as hot wallets. They have agreements between them. Quadriga did this but to an extreme level.

[tunafish01]

Damn remember this thread 2 years ago? miss the days of crypto pumping

[StevieSparkZ]

Damn remember this thread 2 years ago? miss the days of crypto pumping

2 years will be the magic number my friend.

Anyone read Marius Kramer's posts on Quora on crypto?

See below, it's 2 years on and 2 years off, thoughts?

[jamalfudge]

I was surprised to find out that a lot of exchanges use each other as hot wallets. They have agreements between them. Quadriga did this but to an extreme level.

This became a standard practice after the Coinbase debacle in 2017.

[AllDemFeels]

Is this unironically a good xrp buy in time? Seems like it's at the lowest percentage of ATH of the major well-known alts at the moment.

[StevieSparkZ]

TBH, I've been watching XRP for a month now and looking to load up.............anyone else watching XRP?

[Parkerscott]

Is this unironically a good xrp buy in time? Seems like it's at the lowest percentage of ATH of the major well-known alts at the moment.

TBH, I've been watching XRP for a month now and looking to load up.............anyone else watching XRP?

Or you could buy something like BAT instead of a dead coin like xrp.

[iifymbro]

Or you could buy something like BAT instead of a dead coin like xrp.

Been a long ass time since I looked at BAT's chart



Lawd that's a devastating dump off the highs

I like the low vol deviation under the major s/r level with a solid reclaiming move

If it holds either right where it is or that green circle area I'd be looking for a break of that s/r level above and taking those previous highs it just made, which is like a 50% move on it's own.

Under that green circle with conviction and moms spaghetti. Definitely has a different look to it then most other alts which straight up look like dead and exiting markets.

[StevieSparkZ]

Or you could buy something like BAT instead of a dead coin like xrp.

I'm watching BAT as well, it's always been practical to me.

Earn BAT for advertisement, it's like I'm a "mini Google" with the Brave browser.

(For those that don't know, a majority of Google's revenue is through advertisements)

[Parkerscott]

I'm watching BAT as well, it's always been practical to me.

Earn BAT for advertisement, it's like I'm a "mini Google" with the Brave browser.

(For those that don't know, a majority of Google's revenue is through advertisements)

It just hit 10.4m MAU the other day. Honey who was just acquired by paypal for $4B has 20m users... its a browser extension...

[lowstrife]

https://twitter.com/imbagsy/status/1205905664410882048

[savageoldman]

will buy qaunt at $2

[BDSMBBW]

https://cointelegraph.com/news/hex-d...change-listing

bitcoin(dot)com lists hex.not surprising - one scam supporting another. shameless conmen.

[gixxer0.6g]

Back in the 6ks. Anyone watching krown? What's the crypto king calling for? I might have to get my wallet out

[Mogambo]

Back in the 6ks. Anyone watching krown? What's the crypto king calling for? I might have to get my wallet out

Excuse my amateurish TA words here: he called the range break. Said he expected it to be to the downside. Is bearish going forward.

He's back in Finland or something...so his streams are at like 3am now which sucks.

[iifymbro]

btc looks pretty fukked, not gunna lie

buyers have a chitload of work to do to make it look like something other then death lol

Here's to hoping they do it soon, and we don't wake up one morning in the near future with price below 4k with supply still firmly in control

[FrankCostanza]

Are there any good airdrops to get in on?

btc looks pretty fukked, not gunna lie

buyers have a chitload of work to do to make it look like something other then death lol

Here's to hoping they do it soon, and we don't wake up one morning in the near future with price below 4k with supply still firmly in control

If that happens I’m throwing a **** ton of money at btc.

[Mogambo]

It just randomly occurred to me that the top 3 market cap coins basically fit the three possible categories of cryptocurrencies. You go from one that is completely decentralized, to one that is essentially decentralized but with a benevolent dictator factor, to a project that is absolutely centralized.

That's probably how it should be going forward in terms of types of consumer options.

[Mogambo]

btc looks pretty fukked, not gunna lie

buyers have a chitload of work to do to make it look like something other then death lol

Here's to hoping they do it soon, and we don't wake up one morning in the near future with price below 4k with supply still firmly in control

If it's 2017 type gains you want, don't you think a reset below 4k would increase those chances?

The people that are in **** positions that stubbornly refused to adjust any of them are the ones that claim BTC is done. This in a year where it went from 4k to 6.8k at the moment.

Only in crypto land do people think that holding means getting large gains in a year.

It's been interesting seeing my friends that were very much into keeping up with cryptocurrency news just fade away. They've given up on their positions so don't care to follow any news in the field. And that's a good thing. Shake out the strictly in it for the gains crew.

Hopefully we start to seeing some solid real world use projects come to fruition soon.

[BDSMBBW]

low-mid 6k's would be a decent area to DCA.

This is pretty hard to trade on lower TF's. That move from 6410 to 6900(~7%) took just 2 - 30 minute candles.

A couple of interesting bitcoin whales to follow on twitter -

https://twitter.com/J0E007

^ I think that's the dude with major long position on finex.

https://twitter.com/ShadowRekt

bullish hope till 7040 area holds.

Important stuff for my fellow traders to consider -

-> MONTHLY 21 EMA.(~7.1k?)
-> Daily bullish divergence.

I am hoping monthly 21 EMA does not break!!