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

[johnnyboi123]

it's kinda weird how crypto hasn't moved much this week while stonks are going bonkers with volatility. when crypto is this quiet, it's usually followed by a big long dildo in either direction.

[savageoldman]

Nah that was me going over my trades and playing with the numbers as much as I can. The bright side to thus story is that Ima see what juicy discounts I can get from the ATO.since we're all going through a crisis at the moment. So its sht that I have to pay anything but it couldn't have happened at a better time

so you dobbed yourself in? genius

[JuicedMayhem]

BTC can’t seem to break 6800 for shyt

[luckynrslevin]

btc next stop 8k

[ghostfacedup]

im thinking 1k, crypto had its chance

[The Prime Nip]

What ever happened to the Lightning network?

[lolimgood]

Lol, sell after the market crashes - great emotional decision.

You 100% should’ve never be invested in crypto. Understand the risk before you invest next time so you don’t panic sell.

Stock market - assume a 50% drawdown.
Crypto market - assume a 90% drawdown.

People are so bad at investing. Such weak hands.

This dude sold at the absolute lowest point of the entire year. Lmao.

[ghostfacedup]

Crypto's time to shine is RIGHT NOW.

Edit: another failure

[PimpMasterC]

High IQ post from Reddit.

"I have had a running thesis that I think is still true. I have been posting about this thesis for many years on reddit and so far the price action has been proving me right. For those who haven't been following my comments over the years, here is my thesis:

1. BTC's entire run up was caused by speculative buying that is common in bubbles. It will always remain to be a speculative and hype driven asset given that the fundamental reason most people are still buying it is to hope for a better price. It is not being bought for any real world transactional use, or for any other fundamental reason

2. Given greater fool theory, bubbles will continue for BTC until saturation in demand hits (i.e. no fools left). The maximum saturation for any bubble is when mainstream media interest has peaked and the average Joe has heard about BTC. This occurred in December 2017.

3. Many would counter this saying "but we had a bubble in 2014 too, and it went back up". Yes, but it never reached mainstream media interest. The average Joe around you wasn't talking about BTC even then. Given that the entire run up was caused by hype and speculation, this is extremely important.

4. Since we've peaked mainstream interest, new buyers won't feel the same rush of adrenaline they once got buying early. It is impossible for someone to feel like they're early on buying something if that something is already known. This is extremely important for hype driven assets.

5. Thus, BTC will in the long term (we're talking many years) make lower highs over and over, and then fizzle out."



The hype for bitcoin has died down, and I really don´t see it reaching a new all time high. It is possible, but normies are very hesistant to put money into crypto now, and most people has forgot about it. There is a bright future for crypto tho, unless the coronavirus completely collapses the world. The next trend in crypto will be more about real usecases, smart contracts, dapps, STO´s, DEFI. Since Bitcoin lacks these features, I think Eth and Tezos will lead the next trend, and eventually overtake Bitcoin in market cap. When this trend will start is uncertain, but my guess is end of 2020/beginning of 2021. Some time around there, unless the world collapses and gold/silver is what will moon. Crypto will thrive in global good times, not bad times

[Brazzah]

High IQ post from Reddit.

"I have had a running thesis that I think is still true. I have been posting about this thesis for many years on reddit and so far the price action has been proving me right. For those who haven't been following my comments over the years, here is my thesis:

1. BTC's entire run up was caused by speculative buying that is common in bubbles. It will always remain to be a speculative and hype driven asset given that the fundamental reason most people are still buying it is to hope for a better price. It is not being bought for any real world transactional use, or for any other fundamental reason

2. Given greater fool theory, bubbles will continue for BTC until saturation in demand hits (i.e. no fools left). The maximum saturation for any bubble is when mainstream media interest has peaked and the average Joe has heard about BTC. This occurred in December 2017.

3. Many would counter this saying "but we had a bubble in 2014 too, and it went back up". Yes, but it never reached mainstream media interest. The average Joe around you wasn't talking about BTC even then. Given that the entire run up was caused by hype and speculation, this is extremely important.

4. Since we've peaked mainstream interest, new buyers won't feel the same rush of adrenaline they once got buying early. It is impossible for someone to feel like they're early on buying something if that something is already known. This is extremely important for hype driven assets.

5. Thus, BTC will in the long term (we're talking many years) make lower highs over and over, and then fizzle out."



The hype for bitcoin has died down, and I really don´t see it reaching a new all time high. It is possible, but normies are very hesistant to put money into crypto now, and most people has forgot about it. There is a bright future for crypto tho, unless the coronavirus completely collapses the world. The next trend in crypto will be more about real usecases, smart contracts, dapps, STO´s, DEFI. Since Bitcoin lacks these features, I think Eth and Tezos will lead the next trend, and eventually overtake Bitcoin in market cap. When this trend will start is uncertain, but my guess is end of 2020/beginning of 2021. Some time around there, unless the world collapses and gold/silver is what will moon. Crypto will thrive in global good times, not bad times

Normies think crypto is a scam because the only times they hear about crypto is when we talk about crimes and exit scams. But normies are also degenerate gamblers, once they see a volatility spike in crypto and massive gains being made, they'll be back. The biggest mistake is assuming the average retail investor has a high IQ.

[johnnyboi123]

damn crypto just feels so dead right now. the hype and euphoria of 2017 seems so long ago.

[colontos]

The biggest mistake is assuming the average retail investor has a high IQ.

Repped for truth

[tunafish01]

damn crypto just feels so dead right now. the hype and euphoria of 2017 seems so long ago.

This.. Seriously once in a life time opportunity to get ridiculous money for cheap.

[BDSMBBW]

stonks are moving more than crypto.

[Brazzah]

stonks are moving more than crypto.

Dead cat bounce, once the USD printer stops and the coronavirus fear goes back to all time highs as things are getting worse in the US, you'll see the real correction happen. This was the warm up game only.

[BDSMBBW]

Dead cat bounce, once the USD printer stops and the coronavirus fear goes back to all time highs as things are getting worse in the US, you'll see the real correction happen. This was the warm up game only.

true, I too feel this is just the beginning for stonks.. Lets hope the coming recession isn't going to go way out of control. Hope everyone will come out of it ok.

[johnnycash123]

imo we're in the 5k to 8k range with btc, so we'll do some sideways trading in this range, this is most likely accumulation, then in a few months when the normal market goes up crypto will go up too.

Pretty much agree to this, prob trade in this sort of range for a month or two

[sakmsb]

ROFL that graph... Toilet paper token...

[Parkerscott]

ROFL that graph... Toilet paper token...

They can pull an elaborate april fools prank, yet they cant delist hedgetrade. Makes sense

[mcdojo]

Lmao this crypto raise $50m for their ico, and this is who they hire for head of institutional lending



Besides the porn, her experience is a shoe designer

[luckynrslevin]

Lmao this crypto raise $50m for their ico, and this is who they hire for head of institutional lending



Besides the porn, her experience is a shoe designer

her porn is pretty good too watched it a few times at least. can't knock down the hustle tho

this will definitely blow up now lmao

[W1LLW]

Dead cat bounce, once the USD printer stops and the coronavirus fear goes back to all time highs as things are getting worse in the US, you'll see the real correction happen. This was the warm up game only.

This. Congrats to whoever was able to accumulate under $5500. I'd sell while you still can. In the "old" moon mission days, our regular buzz phrase was "buy the dip, sell the news".

Well the only news that is going to come out for the next two weeks is heightened death tolls and financial struggle. I think BTC is going to slowly but surely slip like the SP500 is doing.

I'm not saying it's going to zero, but a decline is all but certain with the nation being locked up at least till the end of April. I feel like the only people making money in crypto over the next 3 to 6 weeks are the guys with $10,000+ in BTC and swing trading the weekly (small) dips and spikes.

Lmao this crypto raise $50m for their ico, and this is who they hire for head of institutional lending

Besides the porn, her experience is a shoe designer

Don't hate the player, hate the game.

[Mogambo]

I was hoping CZ buying CMC was an april fool's joke but it looks legit. I'm not as critical of CZ/Binance as most but this moves strikes me as odd. Throwing around huge sums of money in acquisitions doesn't seem to pan out well in the crypto world. Ask Circle.

[wickedman]

What episode she from?

[whitepaper]

What episode she from?

349. She was posted in the regular misc cesspool

[DavidL913]

349. She was posted in the regular misc cesspool

lol almost 350

[bangwhosnext]

This crypto is up and down like a fiddlers elbow...

[johnnyboi123]

feel like an enormous red prick is right around the corner.

[BigSteve777]

Nah that was me going over my trades and playing with the numbers as much as I can. The bright side to thus story is that Ima see what juicy discounts I can get from the ATO.since we're all going through a crisis at the moment. So its sht that I have to pay anything but it couldn't have happened at a better time

You scared me, I thought you got a bill in the mail. Any updates? It's always in the back of my mind, worrying me, but it's past 1st april so it's too late to do anything now.

[manjay]

This. Congrats to whoever was able to accumulate under $5500. I'd sell while you still can. In the "old" moon mission days, our regular buzz phrase was "buy the dip, sell the news".

Well the only news that is going to come out for the next two weeks is heightened death tolls and financial struggle. I think BTC is going to slowly but surely slip like the SP500 is doing.

I'm not saying it's going to zero, but a decline is all but certain with the nation being locked up at least till the end of April. I feel like the only people making money in crypto over the next 3 to 6 weeks are the guys with $10,000+ in BTC and swing trading the weekly (small) dips and spikes.


Don't hate the player, hate the game.

I dunno bro, while BTC is short term correlated with S&P moves I reckon that's a result of the vol spikes and risk off on BTC. Not to mention leverage trading has only really become a big thing on BTC since what, 2017? Open interest reckts on over lev'd positions getting taken out will clean out trades going forward, keeping that **** to the sidelines for a few months. I reckon people will be much more risk averse going forward, and the BTC narrative is picking up steam on traditional front. See Real Vision shilling over last few weeks.

Ultimately investors are looking to protect what they have and search for risk-adjusted yield, which in this current client there really isn't much around. At BTC's pitiful mcap, a bit of money would move mountains in price.