MISC Crypto Crew (MCC) Vol: XIV: Scaling troubles and NFT bubbles

[entropy91]

I won't be unstaking, i make good money. In this for LONG term. I see ETH/DOT/FLOW being around a long time. if it crashes ill use my savings to buy as much as possible. People keep talking about corrections but I don't see a 2017 one ever happening again.

Yeah it's only happened every hype cycle for over a decade why would it happen again.

Line go up forever, right babe?

Makes zero sense to hold for an 85% drop.

But you do you baby boi

[FOSteven]

I’m getting wrecked today fml

That’s what I get for jumping into shyt coins instead of staying in btc

https://www.reddit.com/r/CryptoCurre...medium=twitter

[JuicedMayhem]

https://www.reddit.com/r/CryptoCurre...medium=twitter

Jesus Christ this better be FUD cuz I threw 50 g’s at this for a moon mission

Should I get the fuk out? Usually there’s at least another pump after how the current chart is looking

[entropy91]

https://www.reddit.com/r/CryptoCurre...medium=twitter

God damn that is fawking BRUTAL.

Been awhile since I read about a good crypto scam. I've always loved the physchology behind chitcoin cults.

[entropy91]

https://mobile.twitter.com/Documenti...72851666219008

Stay safe

[smegmasniffer]

I’m getting wrecked today fml

That’s what I get for jumping into shyt coins instead of staying in btc

Bepro has already had a massive pump last month . Dont' expect anything crazy from it. It's gonna be jumping back and forth between 3 and 2 cents all month probaby. Bepro is gonna be a slow gainer until end of year. I expect at least 20-30x gains from it this year though

[CougarP01]

Any xrp bag holders?? Lookin good

[smegmasniffer]

https://www.reddit.com/r/CryptoCurre...medium=twitter

chainlink, LITECOIN all dump on their investors all the time b/c the developers own a huge chunk of the tokens, doesn't necessariyl mean its a rugpull, but we'll see how it goes.

$11 million profit seems tiny though compared to what they could do. Why dump so early now if they plan to exit?

[Parkerscott]

chainlink, LITECOIN all dump on their investors all the time b/c the developers own a huge chunk of the tokens, doesn't necessariyl mean its a rugpull, but we'll see how it goes.

$11 million profit seems tiny though compared to what they could do. Why dump so early now if they plan to exit?

why would you not dump tokens right now? The traditional market has vesting schedules that are longer than these crypto tokens. Think about that for a moment. These crypto tokens with no product, and no users have vesting schedules where basically all of their tokens are unlocked to trade on the open market in just 3 years vs 5-7. If you are someone like GRT or OXT or many of the other tokens you would be an absolute fkn retard to not sell right now while you have a guaranteed homerun + deep liquidity. GRT could walk away with a $billion cash before they ever even pull in $5m in revenue.

[wave_length]

Any xrp bag holders?? Lookin good

yes.

[smegmasniffer]

Jesus Christ this better be FUD cuz I threw 50 g’s at this for a moon mission

Should I get the fuk out? Usually there’s at least another pump after how the current chart is looking

what price did you put in your 50 gs? FUD is scary in crpyto space. Just don't do anything rash.
REEF was also exposed as a scam but prices rose back a couple times. IF it makes you feel uneasy you can definitely exit at break even once it returns back to your entry price once alt coin season starts.

also, I am eagerly awaiting the dev's resposne to these allegations. Hopefully it won't be as pathetic as REEF's Penis Dachenki's reply to his dumping

[lordpatrick]

huge congrats. i dont know what youre planning next but good luck with whatever you choose to do

Thank you. Now the reality hits.

Got a lawyer for insanely complicated tax filings, got to talk with my banks so that they don't close my account on cashout, I have to pay a huge sum of tax as well.
Basically I need like 1.7M to get 1M in real life. I've taken 60% in USDC as gains, and riding the rest in hopes of reaching that 1.7M in total. Then I'll just keep 1 bitcoin and maybe 1 ETH who knows.

[JuicedMayhem]

what price did you put in your 50 gs? FUD is scary in crpyto space. Just don't do anything rash.
REEF was also exposed as a scam but prices rose back a couple times. IF it makes you feel uneasy you can definitely exit at break even once it returns back to your entry price once alt coin season starts.

also, I am eagerly awaiting the dev's resposne to these allegations. Hopefully it won't be as pathetic as REEF's Penis Dachenki's reply to his dumping

I threw the 50 g’s at .028

Not too concerned I think they will straighten this out. If not? Fuk it you gotta swing hard sometimes it doesn’t automatically guarantee lambos...

[Amrit90]

#SAFEMOON

It could easily do 10x if not more.

[smegmasniffer]

BEPRO's response to this fud. Just HODL bepro bros

https://t.me/s/betprotocol_announcements

"The BEPRO Network team would like to address certain unfounded, false and weak FUD circulating on some Reddit groups. Before we take the time definitively and unambiguously refute each point mentioned, we'd like to encourage our community members to always think rationally and take decisions calmly. We've been in this crypto market for a long time and asking "Cui Bono?" (Who benefits?) really helps to reveal the true nature of FUD posts whenever they spring up.

1. Who benefits? This FUD post likely took the author several hours to compile, organise, and write. He did so on a Friday night (Good Friday, no less) and posted it at a time when he knew the team would be off / sleeping due to our time zone. Coincidence? Probably not.

2. False Information. The poster clearly gathered the information he used for the post from our public Due Diligence post, but intentionally neglected to link to that post. If he were trying to be balanced and objective, he would have linked to that post to let readers decide their own opinion. Proof of this is when he posted a screenshot of our tokenomics chart, but did not link to the source:

https://www.bepro.network/post/bepro...igence-package

3. About BEPRO tokens and their distribution: Our position on tokenomics have been clear from the beginning. The poster thinks he is adding / discovering something new about them, but he is not. He is just repeating what we have said over and over again on our official DD document.

Team, advisors, partners, early investors, stakeholders, private sale investors, all these people have tokens. We know who they are, and they have patiently held their tokens for many, many months beyond their original vesting. If some of them choose to sell their tokens now, that is their rightful choice.

The poster somehow thinks that it's not legitimate for vested tokens to be distributed or sold, especially at a time of high liquidity and high volume. Would he rather that they be distributed or sold at lower liquidity and lower volume times? Does he not think that ALL crypto projects specifically allocate tokens to team, early supporters, partners and advisors to help them bootstrap in the early days?

The poster does NOT have any experience in startup, and does not have / know what it takes to build a company in blockchain. He only knows how to FUD for his own benefit. Sad.

The poster even admits it himself, saying, quote: "infact, we believe that they may still be working hard to execute their roadmap."

We are!

4. Claiming somehow we are a "pump and dump". This is clearly false. We've been in the market since 2018, with multiple live clients and companies using our tech. We are partnered with Chainlink, Moonbeam, Polkamarkets, Elrond, Utrust to name a few. We are listed on KuCoin. We have over $1M in liquidity on Uniswap. Anyone who actually linked to the DD document and read it would understand this. Again, Cui Bono?

5. The FUD poster claims:

"The transparency and frequency of material updates is disappointing",

"There have been no material announcements on clients being signed, only rumours dispersed on ********."

"The public repositories remain spare with little documentation" and

"The co-founder is involved in many products, it is hard to know where his efforts are being placed and if his time is managed well."

Again, READ THE DUE DILIGENCE DOCUMENT and you'll see that each one of these is refuted and completely false. I'll link it again:

https://www.bepro.network/post/bepro...igence-package

6. Circulating Supply discrepancy.

The CryptoRUs interview as well as on several messages here in the group have explained it: To sum up - it is /was a problem with the entities CMC & Coingecko not updating it in time. The Due Diligence document clears this up nicely. Since the KuCoin hack, we had to redeploy our token smart contracts, and from that point on CMC and Gecko stopped updating since it was polling the old SCs. We have pinged them to update, repeatedly.
www.bepro.network
BEPRO Network Community Due Diligence Package | BEPRO
BEPRO Network Due Diligence"

[surf junkie]

Thank you. Now the reality hits.

Got a lawyer for insanely complicated tax filings, got to talk with my banks so that they don't close my account on cashout, I have to pay a huge sum of tax as well.
Basically I need like 1.7M to get 1M in real life. I've taken 60% in USDC as gains, and riding the rest in hopes of reaching that 1.7M in total. Then I'll just keep 1 bitcoin and maybe 1 ETH who knows.

with those sums, why aren't you cashing out in a crypto tax haven? buy a $270k property in ***** for permanent residence there and access to 0% crypto tax for cashing out. sell it when you leave.

[Gringo12]

with those sums, why aren't you cashing out in a crypto tax haven? buy a $270k property in ***** for permanent residence there and access to 0% crypto tax for cashing out. sell it when you leave.

Yes I'm sure you know more than his tax lawyer

[chalup]

why in the fuk will ANKR not moon damit. I need to buy flow and stake it and come back in two years besides a random chitcoin pumping.

[surf junkie]

Yes I'm sure you know more than his tax lawyer

I would be hiring a lawyer who has a track record of helping crypto-asset clients convert to fiat.

If +7 figure sums are involved, changing tax jurisdiction to a lower tax burden -- legally -- should be considered.

[chalup]

If ETH holds 2k this week, whats the next stop? 3500? its sitting right on the ema26 line. Needs to hold or drops.

[BDSMBBW]

guys thinking about diving deeper into low time frame trading on crypto only any tips or suggestions? do i backtest low time frame setups or trade discretionary only? any thoughts or suggestions will be appreciated (like i am talking about 1min-5 min charts here)

[BDSMBBW]

I threw the 50 g’s at .028

Not too concerned I think they will straighten this out. If not? Fuk it you gotta swing hard sometimes it doesn’t automatically guarantee lambos...

its up 1000% in last 2 months. why would you put so much now.

[Serenadium]

IMO he is educating the masses on ETH, and IMO when they realize that it can do what BTC does and more, that will be interesting.)

Doing 'more' is not an advantage. Rich state blockchains like ETH is liable to be crushed into pieces by MEV.



Also ETH will have to share the pie with competitor L1s. Users will be abstracted away from layer 1s so there will be no loyalty for exclusively ETH based dapps.

When you have competitors like Solana that have 0.4s finality on L1 pretty much ensures ETH market share will go down (no composaibility on L2 with a one week migration time on optimism...).

[smegmasniffer]

its up 1000% in last 2 months. why would you put so much now.

its still only $100 mil market cap, so still much room for huge gains ahead. It's basically an SDK for developers to quickly create decentralized apps for gaming and betting. You basically rent their code for Bepro coins and can create NFG + gaming apps, so their code will be run on hundreds of platforms.
I trust the team + Rui, so Bepro is a safe bet despite the recent fud about it from a clearly Bepro hateer with a vendetta. I still see around 20-30x gains by EOY.

the other coin slightly riskier coin i recommend is Viacoin. It's basically its own coin with its own ecosystem with VERY LOW FEES.

also token distribution is great. No one is holding the majority of the tokens just liek Ethereum

Doesnt depend on either bitcoin or etherem, and its much faster than bitcoin and already has tons of users.

Their only problem is they do no marketing, hence the low marketcap - severely undervalue coin imo for what it's capable of, but they won't need any marketing or youtube shills to make gains since it alreayd has user since,

Project seems dead and the dev does little to no update but Viacoin blockchain is built very similarly as Litecoin, meaning that its ASIC resistant and much faster and easier than Bitcoin (with much lower fees). Considering a meme coin like dogecoin that has no utility can hit billions in marketcap, I don't see how Viacoin can't at the very least 20x during altcoin season.

Viacoin can serve as an alternative storage currency in future, when people will understand that they need to pay thousands of dollars for BTC fees, but who knows. Cardano promises this but has delivered nothing. Viacoin can already do this and also offers smart contracts.

[chalup]

guys thinking about diving deeper into low time frame trading on crypto only any tips or suggestions? do i backtest low time frame setups or trade discretionary only? any thoughts or suggestions will be appreciated (like i am talking about 1min-5 min charts here)

dude thats forex trading in a nutshell. Super hard to make money. Id do weekly charts and mark points on the ema and daily lows and highs and try it from there. BTC also dips always on weekends/sundays. Plus you are talking big money to make any decent profit. 5% gain on 5000 is 250.

[BDSMBBW]

dude thats forex trading in a nutshell. Super hard to make money. Id do weekly charts and mark points on the ema and daily lows and highs and try it from there. BTC also dips always on weekends/sundays. Plus you are talking big money to make any decent profit. 5% gain on 5000 is 250.

i have traded intraday stocks profitably for a few months - so yeah.. Crypto is different cuz its a 24x7 market and might require a lot more time investment. .. 5% a month is good, but the only way to grow a small account is to have a bigger risk % and not really risk 1% per trade. You have to take the risk to grow a small account. if you are betting 1% each trade the gains will be frustrating af.

But problem with betting say 20% on each trade is that you will also have a high chance of losing all your money - and these sort of accounts should be your throwaway accounts..ie - you assume whatever money you put in the account is already lost.

[BetaAsPhuck]

with those sums, why aren't you cashing out in a crypto tax haven? buy a $270k property in ***** for permanent residence there and access to 0% crypto tax for cashing out. sell it when you leave.

I've looked into this a bit... The US has a terrible Tax system for US digital nomads, expats, etc. You are only truly off the hook for tax if you have citizenship elsewhere and you renounce US citizenship (and... The US gov can literally refuse your renunciation and you are trapped), offshore investments or accounts won't completely protect you. Otherwise the IRS can come for your earnings at some point.

There are ways to reduce taxes using offshore dealings, but it's not as straight forward as living or investing in zero cypto tax countries for US folks. You need specialist help...

https://nomadcapitalist.com/going-offshore-us-citizens/

[mgftp]

with those sums, why aren't you cashing out in a crypto tax haven? buy a $270k property in ***** for permanent residence there and access to 0% crypto tax for cashing out. sell it when you leave.

You can't get a property cheaper than 270 in *****?

[JuicedMayhem]

Been doing more research on the BEPRO fud this morning and it’s pretty clear it was just a smear campaign written by someone who self admittedly sold his stack right before posting it. The high ups have responded to each point in the post and cleared it up. I’m still betting this will 20x within the year. Binance listing although not officially announced has been somewhat hinted also.

[dankydank]

I would look into Wagerr if you want a low mcap betting app. Has an actual working product you can use now since they’ve been building for a few years. 0 marketing done also with no major exchanges.

If you play the clown game then you can make money. Bought 1k Safemoon at 03 and it’s at 105 now. Biggest coin on BSC and they’ll do fundraising for the listing fee. I think it will get on Binance but there’s gonna be a lot of selling in between. I’m gonna hold it through though.