MISC Crypto Crew (MCC) Vol: XIII: Money printer goes brrrrrr, But Bitcoin doesnt

[W1LLW]

Bounces look weak. I think your move is correct, we might go lower a bit

Definitely think we aren't roaring back up to 60.

having been one of those people who completely lost their ass in 2018... it seems i've learned a bit.

Main lesson is patience. This is a perfect example of patience saving my ass because i was tempted to buy in this morning.

If you zoom out and look at the daily/weekly charts, that bounce did look weak as fuk. Might not see the full manifestation of the pull back (39k to 43k) until tomorrow or friday.

[entropy91]

https://mobile.twitter.com/michael_s...61973363490817

1 billion in Bitcoin purchased

[W1LLW]

https://mobile.twitter.com/michael_s...61973363490817

1 billion in Bitcoin purchased

80K May.

[W1LLW]

Next time ETH bleeds out to a low against BTC, i think i'm gonna buy a few, and throw them in that Tornado cash staker until we're back at 60k numbers cause this may take awhile, so why not make some money in the process.

[dankydank]

Went even harder at Liquidity pooling with 10k invested up from 500. Earned 7 CAKE in a day which is going up to $15/per and will go higher. I really don’t see the downside of this at all. The main thing is Impermanent loss. The algorithm essentially tries to keep the value of the asset in equal dollar value. If one goes up, then they’ll adjust your initial deposit (down) to compensate. So my 24 BNB is now at 23.6 if I pulled it out right now but my ASR jumped up to compensate. So although I technically would lose BNN, the value really just shifted towards ASR. I can just change the ASR back to BNB anyway. I also gained 0.04 BNB in trading fees which completely negated the “loss” of BNB. This is fukking insane. If you have 10-50k to dump on this then do it now. You’ll be making 40k+ passively per year on 10k assuming 1) You can stay in a 300+ APR pool 2) The value of CAKE appreciates (25+ EOY imo). The only real danger is if PancakeSwap or CAKE loses all its value or falls of the face of the earth.

[entropy91]

Next time ETH bleeds out to a low against BTC, i think i'm gonna buy a few, and throw them in that Tornado cash staker until we're back at 60k numbers cause this may take awhile, so why not make some money in the process.

I'm also looking into mining with tornado cash

[Porridgemonster]

Sold my NEO at +400% hoping it drops back down to $35. If it doesn't then may regret this timing.

[entropy91]

I'm thinking this is a traders market for the next few weeks. Will probably bounce around between this range for awhile b4 the next leg up.

[mgftp]

I'm thinking this is a traders market for the next few weeks. Will probably bounce around between this range for awhile b4 the next leg up.

That would be good for my alt bags.

[dankydank]

So after looking into it more. There is always new bootleg versions of PancakeSwap/Uniswap popping up. Things like PizzaSwap, ChocolateSwap, RamenSwap, VikingSwap, etc. They basically just copy the code of PancakeSwap and put in their icon instead. Pancake Swap imo will be the safest bet for liquidity pooling. These new bootlegs which could have the rug pulled or the value of the coin tank are the actual high risk. The APRs on these sites are insane. RamenSwap right now has 3266.5% APR on a Ramen/BNB LP. It gives you ~10 Ramen per $1000 invested with a current trading price of $9.5. You can also stake the Ramen you get and earn 2743.66% APR. Rotating in and out of these weekly would maximize profits to insane levels.

[entropy91]

So after looking into it more. There is always new bootleg versions of PancakeSwap/Uniswap popping up. Things like PizzaSwap, ChocolateSwap, RamenSwap, VikingSwap, etc. They basically just copy the code of PancakeSwap and put in their icon instead. Pancake Swap imo will be the safest bet for liquidity pooling. These new bootlegs which could have the rug pulled or the value of the coin tank are the actual high risk. The APRs on these sites are insane. RamenSwap right now has 3266.5% APR on a Ramen/BNB LP. It gives you ~10 Ramen per $1000 invested with a current trading price of $9.5. You can also stake the Ramen you get and earn 2743.66% APR. Rotating in and out of these weekly would maximize profits to insane levels.

Pankcake swap is also a rip off of uniswap lol. There's copies on every chain now. I'm using the WAN chain to farm WASP.

[knightofday]

That was already done lmao. 2017 healthcare ****coin with black female CEO ready to take on healthcare.

Edit: https://healthtransformer.co/patient...n-9f79b3a3e55d

Brutal

https://coinmarketcap.com/currencies/patientory/

Help me understand coinbruhs, because this is how I feel about 99% of crypto coins overall.

Bitcoin was the OG, thats cool and all. What about all these "alt" coins everyone keeps shilling? Seems like each and every one of them was created by someone out of nothing and marketed HARD to get the price to pump, then the inventor/owner cashes out and it crashes back to nothing.

Am I wrong in that assumption ( idk anything about crypto overall)?

Do most people buy in, lose money and get emotionally involved, then just shill whatever random coins are in their portfolio to try and get the price back up and not lose their ass?

I assume its fun and popular because its gambling and anything can happen? Or is there more?

srs questions are srs, help me understand bruhs

[mgftp]

So after looking into it more. There is always new bootleg versions of PancakeSwap/Uniswap popping up. Things like PizzaSwap, ChocolateSwap, RamenSwap, VikingSwap, etc. They basically just copy the code of PancakeSwap and put in their icon instead. Pancake Swap imo will be the safest bet for liquidity pooling. These new bootlegs which could have the rug pulled or the value of the coin tank are the actual high risk. The APRs on these sites are insane. RamenSwap right now has 3266.5% APR on a Ramen/BNB LP. It gives you ~10 Ramen per $1000 invested with a current trading price of $9.5. You can also stake the Ramen you get and earn 2743.66% APR. Rotating in and out of these weekly would maximize profits to insane levels.

How do you figure pancake as "safest"? I mean wouldn't someone offering lower yield be safest? Not trying to be confrontational, just curious as someone who knows nothing about this. The lending and borrowing DeFi stuff at least makes sense to me, I don't understand where the funding to pay the rates on pancake is coming from. And although I know nothing it just seems at risk to market collapse being yields are so high.

Help me understand coinbruhs, because this is how I feel about 99% of crypto coins overall.

Bitcoin was the OG, thats cool and all. What about all these "alt" coins everyone keeps shilling? Seems like each and every one of them was created by someone out of nothing and marketed HARD to get the price to pump, then the inventor/owner cashes out and it crashes back to nothing.

Am I wrong in that assumption ( idk anything about crypto overall)?

Do most people buy in, lose money and get emotionally involved, then just shill whatever random coins are in their portfolio to try and get the price back up and not lose their ass?

I assume its fun and popular because its gambling and anything can happen? Or is there more?

srs questions are srs, help me understand bruhs

IMO, most coins are tremendously overvalued regardless of real life use cases. Seems to me crypto is about "investing" in a volatile market more than anything. I mean holding a chitcoin that grows 100% in a week is fun.

We are seeing Bitcoin really become more of a respected store of value, modern day gold.

[W1LLW]

Went even harder at Liquidity pooling with 10k invested up from 500.

Wish someone would have put this idea in my head yesterday. I would have been able to by the dips and throw in the pools. don't want to buy them at rebound highs but i'll find a good entry eventually and execute, just like tornado cash. Will likely be a week or two before we're messing with 60 k again.

[RyanT7]

Help me understand coinbruhs, because this is how I feel about 99% of crypto coins overall.

Bitcoin was the OG, thats cool and all. What about all these "alt" coins everyone keeps shilling? Seems like each and every one of them was created by someone out of nothing and marketed HARD to get the price to pump, then the inventor/owner cashes out and it crashes back to nothing.

Am I wrong in that assumption ( idk anything about crypto overall)?

Do most people buy in, lose money and get emotionally involved, then just shill whatever random coins are in their portfolio to try and get the price back up and not lose their ass?

I assume its fun and popular because its gambling and anything can happen? Or is there more?

srs questions are srs, help me understand bruhs

most of the alt coins now will disappear into nothing but irrelevancy over the next few yrs.

the few that stay around will have bigger gains than btc % wise and will have a market cap in the hundreds of billions. these coins that stay around will be the ones that are actually trying to accomplish something to have utility and purpose in the real world.

that being said, almost everyone is into crypto and alts for the money so it makes sense why people ride the pumps of alts. however im confident there will be a handful of alts we know now that will be household names in the future.

[dankydank]

How do you figure pancake as "safest"? I mean wouldn't someone offering lower yield be safest? Not trying to be confrontational, just curious as someone who knows nothing about this. The lending and borrowing DeFi stuff at least makes sense to me, I don't understand where the funding to pay the rates on pancake is coming from. And although I know nothing it just seems at risk to market collapse being yields are so high.



IMO, most coins are tremendously overvalued regardless of real life use cases. Seems to me crypto is about "investing" in a volatile market more than anything. I mean holding a chitcoin that grows 100% in a week is fun.

We are seeing Bitcoin really become more of a respected store of value, modern day gold.

It’s safest to me in the sense that it has the most liquidity and volume and will be seen as the de facto site for LP so the site or coin won’t disappear. Safety in terms of yield has to do with the volatility of the coin and possible impermanent loss which is overstated as well as how many people join the pool. I don’t know exactly where the value of PancakeSwap is calculated but some of the things they do are genius in terms of making it self sustaining. Collecting fees on all swaps, offering a lottery to collect back coins, selling NFTs, using CAKE to enter and buy IDOs. They also take profit and buy CAKE and burn it to keep the value high.
I’m going to test out one of these bootleg swaps today and see how it goes. By my calculations you could earn 5k on a 5k investment in a week assuming the value of the coin stays the same it is now.

[W1LLW]

I’m going to test out one of these bootleg swaps today and see how it goes. By my calculations you could earn 5k on a 5k investment in a week assuming the value of the coin stays the same it is now.

...and the rug isn't pulled.

[ooph]

Entire dip buying link all the way down and back up.

Lets go.

[Titansfan08]

Entire dip buying link all the way down and back up.

Lets go.

Yep I definitely stocked up on some cheap link on this past dip

[brbacquiring]

Sold my NEO at +400% hoping it drops back down to $35. If it doesn't then may regret this timing.

I'd say you made the right decision, NEO is ultimately dead as **** and has just bled and bled for years while all the new projects mooned. You have to buy this generation's new, cool, popular coins. Not last gen **** that has already been raped to death.


It will move with the whole market but statistically it's a bad play to be in coins from last cycle (with some exceptions, basically if they recovered very fast and very well, didn't just flatline)

[RightOnSchedule]

Anyone else big in STX? Bought it when WSP posted

[W1LLW]

Entire dip buying link all the way down and back up.

Lets go.

4hour candle chart on BTC. I'd take profits now and look to reload bags in a day or two unless you expect the US Treasury to formally back chainlink this week lol











EDIT: and the 4hr LINK chart for context of it (and every other coin) following BTC

[mgftp]

It’s safest to me in the sense that it has the most liquidity and volume and will be seen as the de facto site for LP so the site or coin won’t disappear. Safety in terms of yield has to do with the volatility of the coin and possible impermanent loss which is overstated as well as how many people join the pool. I don’t know exactly where the value of PancakeSwap is calculated but some of the things they do are genius in terms of making it self sustaining. Collecting fees on all swaps, offering a lottery to collect back coins, selling NFTs, using CAKE to enter and buy IDOs. They also take profit and buy CAKE and burn it to keep the value high.
I’m going to test out one of these bootleg swaps today and see how it goes. By my calculations you could earn 5k on a 5k investment in a week assuming the value of the coin stays the same it is now.

I am going to educate myself on the subject this weekend assuming I have free time. I'd hate to be missing out on "safe" money.

Keep us posted on how bootlegswap goes.

[Gringo12]

Ooph, will stellar hit my 0.35 buy price again

[ghostfacedup]

Still sitting out until BTC hits 40k. Lost a ton on LTC recently, charts looked great but when BTC crashes you better lube that bungus because the red dildo cometh.

[isingmodel]

4hour candle chart on BTC. I'd take profits now and look to reload bags in a day or two unless you expect the US Treasury to formally back chainlink this week lol











EDIT: and the 4hr LINK chart for context of it (and every other coin) following BTC

3 red days in a row on BTC and 4hr looks decent for a move up before likely further downside. next 2 days green

[mgftp]

Still sitting out until BTC hits 40k. Lost a ton on LTC recently, charts looked great but when BTC crashes you better lube that bungus because the red dildo cometh.

Charts on alts are only meaningful when BTC is flying or steadily moving sideways. Alt charts are completely meaningless when BTC dumps and get volatile.

Edit:

Gamestop up 300%, lmfao

[manjay]

Guy seems to have found the party triggering the flash crashes: F2Pool miners. Loading Bitmex with BTC and Bitfinex with Eth, is there anything more seemingly shady. Thoughts Lowstrife?

https://youtu.be/9YE4uo4T3kQ

[chalup]

Guy seems to have found the party triggering the flash crashes: F2Pool miners. Loading Bitmex with BTC and Bitfinex with Eth, is there anything more seemingly shady. Thoughts Lowstrife?

https://youtu.be/9YE4uo4T3kQ

Whats the point of crashing it though?

[W1LLW]

Still sitting out until BTC hits 40k. Lost a ton on LTC recently, charts looked great but when BTC crashes you better lube that bungus because the red dildo cometh.

Charts on alts are only meaningful when BTC is flying or steadily moving sideways. Alt charts are completely meaningless when BTC dumps and get volatile.

yup, alts already back to pre correction prices. feeling a little salty i couldn't benefit at all, but i didn't lose a penny in the dip so i'll count it as a blessing.

edit: actually i think this is just the usual AM pump. I'm sure there will be a draw down still to get in at discounts if i wait a little. Gotta be able to sit and do nothing sometimes which can be really hard to do.

This is what i was trying to elude to this morning. There is no point in convincing ones' self that their alt is a special snowflake against BTC. It's like the SP500 and stocks in general. It's why i recommend LINKbrah to sell his gainz now and wait for the inevitable 15 to 25% drawdown to reload.

Generally speaking if SPY is down, your stock is down. Same thing in crypto. No one is pumping an alt whilst BTC is bleeding out in an alley. If BTC is trending up so will alts, if it's trending down so will alts. Zoom out on the charts, stop looking at those 15minute/1hour candles and start looking at the 4hour and 12hour candles.

I'm going balls deep on buys when BTC starts knocking on that 42,500 level. I'm not going to play myself trying to time the absolute bottom of 40,000. It could touch 38k or 39k but trying to time absolute peaks and absolute bottoms is a fool's game.

Guy seems to have found the party triggering the flash crashes: F2Pool miners. Loading Bitmex with BTC and Bitfinex with Eth, is there anything more seemingly shady. Thoughts Lowstrife?

https://youtu.be/9YE4uo4T3kQ

Everyone and their nan was predicting a BTC correction. It's probably nothing more than them taking profits.