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

[W1LLW]

Now you see why I am so bullish on SXP. It is a total mind-eff that I can't put more money into it during this dip. I really wish I could buy the blood.

This is my feeling with XRP. Momentum already starting to bubble... we mooning this fall.

[Maxamanius]

Semi noob here, only invested $200 to play around with some altcoins..bought chainlink when it was at $10 then traded the gains at $19 for LTC when it was at $60 a couple nights ago. Plan on trading or cashing out that LTC once it’s hits around $85, am I doing it right? Kinda fun to see where that original $200 will go to.

[MiamiLife305]

Semi noob here, only invested $200 to play around with some altcoins..bought chainlink when it was at $10 then traded the gains at $19 for LTC when it was at $60 a couple nights ago. Plan on trading or cashing out that LTC once it’s hits around $85, am I doing it right? Kinda fun to see where that original $200 will go to.

Back to $200 as you trade into a coin that dumps

das it mane

[Horse86]

I’ve accumulated so much damn XLM over the years....when moon?

[mcdojo]

Fuarkk ever look at an altcoin contemplating getting in. Leave it to think about more , wake up and its up 100%?

Happened to two coins i was looking at just this week

[Horse86]

Fuarkk ever look at an altcoin contemplating getting in. Leave it to think about more , wake up and its up 100%?

Happened to two coins i was looking at just this week

I like the part where you said which 2 coins

[johnnyboi123]

This is my feeling with XRP. Momentum already starting to bubble... we mooning this fall.

I'm with you on XRP. There's something big building up and when the bvll run begins, it's going to be massive.

[Serenadium]

Uniswap seems like the next Binance. Shady as fk but all the new defi projects are launching there first.

Uniswap is a true decentralized exchange, any token on the ERC20 standard can be deployed there.

I can make an erc20 token right now, unlock the pool for trading and provide liquidity to uniswap for trading with the contract address.

[Horse86]

Why are y’all banking on the “bankers coin”? It’s basically the opposite purpose of crypto

[StevieSparkZ]

Uniswap seems like the next Binance. Shady as fk but all the new defi projects are launching there first.

1 inch is nicer, it combines from 12 difference DeXs including UniSwap V2.

On a side note, please tell me that there are people holding TrustSwap (SWAP) tokens?

[Serenadium]

YFI now at $9k USD.

It was free via yield farming 4 weeks ago. Bought in at $3.5k USD two weeks ago.

It's got 600 million TVL, so proportionally quite undervalued compared to the likes of Compound, Synthetix, Maker and Aave. The project is also far more decentralized than the others and people end up paying a premium for truly decentralized projects (i.e. BTC). The admin key has been turned over to a 6 of 9 multisig. I am very confident the foundation/devs would control the admin keys for the other big TVL dapps.

[lowstrife]

Next thing you'll say is that bitconnect is a scam

Funny I did before it all blew up

https://twitter.com/lowstrife/status/925069498721353728

/s

Yes, agreed, the tokenomics of SXP don't look so pretty LONG-term, unless they manage to get real widespread adoption and use quickly that sustains itself, thus accelerating them towards their flat deflationary token floor amount (can't recall the number from their pitch deck).

Also, the team and business gets a LOT of SXP per year to damp on market or use to incite people to join the network (who may just dump on market). Not the best things for upward price pressure. All the staking stuff also rekts price unless the stakers choose to hold (which is unlikely unless they fully believe in SXP / price increases)

Those % returns in the model are not sustainable at all. It's like DeFi right now, at the start you get insane returns but overtime will decrease as more people join the farm yield or damp the token that is farmed on market (returns will still be good tho compared to traditionals cos of the added risk/lack of middlemen)

People will trip over themselves to get 36% APY on bitmex for collecting funding, yet we're seeing 10x, 20x higher on defi? I mean I do know newer\less liquid markets with more counterparty risk do demand higher returns - but it's still not sustainable long term. Rates must come down - and if those interest rates are the only thing attracting people to the network... oh boy.

Yielding is all the craze now, where all the money is, so participate while the ship is warm, but it's a giant game of hot potato so be careful.

[conner50]

I don't currently have a method of turning my coins into fiat, if I were to want to cash out. Would the best move be to sell all my coins for USDT and hold that till I have a way to get it out?

[lordpatrick]

Why are y’all banking on the “bankers coin”? It’s basically the opposite purpose of crypto

Because, we don't care about the purpose of crypto, we just care about making money and so should you no?

I got 40 000 XRP's and waiting.

[mcdojo]

Some guy sold like $10m worth of link in one go, dropped the price like 20%

[meteoraniac]

I don't currently have a method of turning my coins into fiat, if I were to want to cash out. Would the best move be to sell all my coins for USDT and hold that till I have a way to get it out?

pretty much

[mcdojo]

Was wondering what happened to the miscers ico cryptocurve. The "ceo" is the miscer jhalf.

https://ico-class-action.org/class-actions/cryptocurve

Looks like they raised $7m and then just dipped.

Is crypto the easiest place to earn money? Guy might be set for life off that, i doubt that class action even went ahead.

[OMGWTFBBQ?]

SXP Chads:

SXP has a green light for the USA. US Banking partners will be announced soon.

https://twitter.com/SwipeWallet/stat...25675547107328

[PimpMasterC]

It's the token that powers the Binance Card. Total supply is 300,000,000 and will be burned to 100,000,000 in total.

It's proof-of-stake.

Too many god damn tokens. Binance are proving to be shady once again. They only care about money, they´re a bussiness. Who will use all these tokens?

I’ve accumulated so much damn XLM over the years....when moon?

It´s been around for so many years now, doesnt look like it´s going anywhere. It gotta pull off something incredible if not, it will die. And from my knowledge it offers not much advantages that are already covered by other coins. The top smart contract platforms have way much more to offer than stellar imo, so why use it? I know a few good projects use stellar, so it got something, but still. It´s not a community run coin, and thats why it will never be huge. I guess they have built up something solid over all these years, but I don´t see why any serious bussinesses would use it.


Most of the legit bussiness oriented blockchains are private, like corda, hyperledger etc. Or stuff that is not listed, like LODE. Most cryptos are only to raise money, or make the devs rich. The big smart contract platforms are miles ahead of everyone, and none of the small ****coin projects will come anywhere close, anytime soon. Eth, ada, xtz will cover almost everything blockchains has to offer.

Blockchain combined with PM´s are also a part of the future.
https://lode.one/about/

EDIT: I will research swipe, as I don´t know much about it. A few red flags though
Andre cronje have already exposed most defi projects, proving that there tokens are worthless.
Andre Conje, developer of yean finance have admitted his token is worthless, yet it has pumped to 52 spot on market cap
Andre Cronje, the software developer who helped grow DeFi into a multi-billion dollar industry, is on the verge of calling it quits on the community he calls "toxic."

One of the few honest good guys in crypto, and one of the smartest. Most people in crypto should be ashamed of themselves. Crypto was supposed to be ruled and supported by a big community, not by bussinesses. The default is centralization, and so far I only know of 3 real decentralized coins. Everything else is centralized and therefore trash to some degree.


https://cointelegraph.com/news/lates...orthless-token

[Horse86]

Because, we don't care about the purpose of crypto, we just care about making money and so should you no?

I got 40 000 XRP's and waiting.

I mean yes and no....but what did it pump to last time? 2.75? I made a little on it selling around 2.50 but I don't think it's going to blow up, just my .02

[Horse86]

Some guy sold like $10m worth of link in one go, dropped the price like 20%

sorry guise...needed a new mega yacht

[W1LLW]

I mean yes and no....but what did it pump to last time? 2.75? I made a little on it selling around 2.50 but I don't think it's going to blow up, just my .02

Compared to XLM's all time high of 90cents with a circulating supply that is half of XRP's...

24hour volume on XLM is 300million. It's 2.5 Billion on XRP...


Do you think XLM has a better chance of returning to it's all time high, or do you think XRP does? That's basically the question you should be asking yourself. My money is on XRP around election time.

[PimpMasterC]

Compared to XLM's all time high of 90cents with a circulating supply that is half of XRP's...

Do you think XLM has a better chance of returning to it's all time high, or do you think XRP does? That's basically the question you should be asking yourself. My money is on XRP.

Xrp has a better chance imo, but they are both centralized trash imo. I don´t think any of them will be back at all time high. Whats the usecase and what could justify it being worth that much again?

[jamalfudge]

Why are y’all banking on the “bankers coin”? It’s basically the opposite purpose of crypto

My guess is gov't cryptos will use an existing blockchain/project. Won't have to be just one, either.

[W1LLW]

Whats the usecase and what could justify it being worth that much again?

What if "Zelle" (American only i think) bank to bank payments was replaced with Ripple (XRP)? What if it didn't just stop there. What if it replaced the SWIFT routing international bank-to-bank system?

That's what they're trying to do.

[PimpMasterC]

What if "Zelle" (American only i think) bank to bank payments was replaced with Ripple (XRP)? What if it didn't just stop there. What if it replaced the SWIFT routing international bank-to-bank system?

That's what they're trying to do.

Maybe, theres just too many red flags showing up, leaving me doubtful that the government will work with them to make it huge. Devs selling huge amounts, market manipulation, the moneygram mess. Serious organizations and especially the government doesn´t want to do bussiness with shady stuff, they don´t have control over. I think they will just build there own stuff. That goes for most cryptos, pretty much all of them have had a shady questionable past.

The federal reserve and BIS are working together as we speak to create something. We are entering an interesting time. Look out for more regulations coming to crypto as well.

Gold backed cryptos are pretty interesting, and are suited better as a currency because gold is much more stable in price than any non stablecoin crypto.

https://www.scmp.com/week-asia/opini...ies-gold-heres

[Mogambo]

I’ve accumulated so much damn XLM over the years....when moon?

It's going to moon when Jed McCaleb runs out of XRP that he is dumping and decides it's time to do with same with XLM.

[Mogambo]

My guess is gov't cryptos will use an existing blockchain/project. Won't have to be just one, either.

I disagree. I think there's no chance of an affluent, stable government to use an existing project for its own purposes. Maybe for the sake of RnD (stealing intellectual property) but no way a government integrates their own financial infrastructure with an existing blockchain.

[W1LLW]

Maybe, theres just too many red flags showing up, leaving me doubtful that the government will work with them to make it huge. Devs selling huge amounts, market manipulation, the moneygram mess. Serious organizations and especially the government doesn´t want to do bussiness with shady stuff

My good man, you're speaking to governments. I'm speaking to banks. Governments certainly get in the mix for taxing and regulations, but the banks are their own beasts. I think all of your points would be valid if I was claiming XRP was going to be the new "digital USD". I'm claiming ripple/xrp is going to be the next/major medium for local and international money transfers.

I'll table that discussion and pose another point. Ignoring whether we think the utility of any of these projects are worth a damn, I think everyone would agree that chainlink and cardano are some of the "hottest" projects right now. Combined, their marketcap is $9 Billion. Hell you could throw Stellar/XLM in there and it'd be $11Billion. The shady centralized-trash banker's coin has a nearly $14 billion dollar market cap with no major bull run. Is that not suspicious to anyone else?

[BeefBasedGains]

Anyone have <100m mket cap coins to shill? I'm currently all-in on eth but ooking to throw half of my stack into higher risk/reward coins.