Cryptocurrency mega-thread

[BACCS]

Nope

Hes was a pump and dump artist back in 16-17. I doubt hes changed...

Accepts free coins from new "great projects", does a video on them creating volume to sell into. Good work if youre unethical and good at conning others

I’ve only watched him a couple of times, didn’t seem to do much shilling. I guess you can’t hit every new project, but he posted today about investing in AXS at 14c less than 2 years ago and it reached 22 bucks today, it has taken off in SEAsia and especially the Philippines. Gaming platform built on Ethereum I think. What did he pump and dump back then? I only heard about him through Ravi Sharma, who has a smaller channel focused on crypto, real estate and general investing.

 

[BACCS]

Bitcoin is its own worst enemy. Would be surprised if it's worth more than $1000 in 5 years time.

This aged well. Sorry, was checking page 2 because of The Dice Man above and saw this post.

 

[The Dice Man]

This aged well. Sorry, was checking page 2 because of The Dice Man above and saw this post.

I meant page 2 on whatever site you use to check prices.. Such as CoinGecko or whatever. Coins ranked 100-200.

I've read a lot of Ash's posts in this thread from the last 2-3 years. More than often he's been correct with the aid of current hindsight.

 

[BACCS]

I meant page 2 on whatever site you use to check prices.. Such as CoinGecko or whatever. Coins ranked 100-200.

I've read a lot of Ash's posts in this thread from the last 2-3 years. More than often he's been correct with the aid of current hindsight.

All it shows is that even people experienced in this space don’t get it right every single time with their predictions, which is why the strong hatred of certain crypto influencers makes no sense to me. Ash was very bullish on Ripple back then, but none of us can predict a future where they get into legal issues and the price stagnates for 4 years.

 

[burge13]

I’ve only watched him a couple of times, didn’t seem to do much shilling. I guess you can’t hit every new project, but he posted today about investing in AXS at 14c less than 2 years ago and it reached 22 bucks today, it has taken off in SEAsia and especially the Philippines. Gaming platform built on Ethereum I think. What did he pump and dump back then? I only heard about him through Ravi Sharma, who has a smaller channel focused on crypto, real estate and general investing.

Anything that paid him. He would tweet a bunch of predictions and delete the wrong calls, scams, all sorts. The great thing about con artists they win enough people over to look legit

Hes probably smart enough to not do that anymore but he was blatant back then. Should have been investigated tbh. Diary of a made man was another one. The saying "everyones a genius in a bull market" applies to people like this, they leverage it well though

 

[BACCS]

Anything that paid him. He would tweet a bunch of predictions and delete the wrong calls, scams, all sorts. The great thing about con artists they win enough people over to look legit

Hes probably smart enough to not do that anymore but he was blatant back then. Should have been investigated tbh. Diary of a made man was another one. The saying "everyones a genius in a bull market" applies to people like this, they leverage it well though

Fair enough, will need to take your word for it. Seems to just do videos covering news mostly now and did an informative crypto tax video recently.

 

[Evolved1]

All it shows is that even people experienced in this space don’t get it right every single time with their predictions, which is why the strong hatred of certain crypto influencers makes no sense to me. Ash was very bullish on Ripple back then, but none of us can predict a future where they get into legal issues and the price stagnates for 4 years.

Technical analysis is a game of odds rather than absolutes. In the last bear market, most analysts were calling for lower prices when BTC was at $3200.

Some people sold/shorted there because they were waiting for sub 1k BTC.

Hyperwave was a popular form of TA after the last bull market. Do yourself a favor and look up some yt videos of Tyler Jenks circa 2018.

 

[Evolved1]

I hope someone quotes me 50 years from now with my genius call telling owen87 to buy XRP using 100x leverage.

 

[BACCS]

https://www.afr.com/companies/finan...ian-card-for-spending-bitcoin-20210714-p589i1

 

[BACCS]

I hope someone quotes me 50 years from now with my genius call telling owen87 to buy XRP using 100x leverage.

May not need to wait that long now Visa are creating cards that can spend crypto directly (Bitcoin, Ethereum, Bitcoin Cash and Ripple).

 

[Evolved1]

May not need to wait that long now Visa are creating cards that can spend crypto directly (Bitcoin, Ethereum, Bitcoin Cash and Ripple).

Adoption doesn't necessarily equate to profits.

I think you're on the right track. It's encouraging to see new enthusiasm in the space.

 

[BACCS]

Adoption doesn't necessarily equate to profits.

I think you're on the right track. It's encouraging to see new enthusiasm in the space.

Of course, it’s just a positive sign for the future growth of the crypto space. I think XRP would become a lot more popular if it can be spent for everyday purchases due to its speed and very low fees.

 

[ash_1050]

This aged well. Sorry, was checking page 2 because of The Dice Man above and saw this post.

Post was made Nov 3, 2017 when BTC was $7078, so I've still got another 16 months for it to come true yet


You're also missing this one from Jun 12 2017 on page 1 which was pretty bang on the money:

Personally I see ETH and Ripple (XRP) as the two major players over the next 2-3 years with possibly SIA as well.

Ripple went from $0.28 at the time of posting to a peak of $3.77 18 months later, and was the best performing coin of 2018.
ETH went from $401 at the time of posting to a peak of $1366 18 months later.
SIA went from $0.015 at the time of posting to a peak of $0.094 18 months later.

Incidentally June 2017 bull run was when I first cashed out some XRP gains, having got in at $0.007 and thought $0.28 was a good time to start taking profits. That would prove to be an expensive decision 18 months later.

All it shows is that even people experienced in this space don’t get it right every single time with their predictions, which is why the strong hatred of certain crypto influencers makes no sense to me. Ash was very bullish on Ripple back then, but none of us can predict a future where they get into legal issues and the price stagnates for 4 years.

If you dig through the thread you'll also see post 2018 I went off XRP quite a bit, which was due to the changing landscape of what Ripple were doing. Only an idiot wouldn't have cashed out their XRP during the Jan 2018 bull run, which is when I sold 90% of mine off.

As with anyone my opinions are just that, opinions, and they're no more valid than anyone else's. That I've been mostly right over the last 5+ years is largely due to a combination of dumb luck and a very high risk tolerance. It also means that, on occasion, I have been wrong and am not an oracle. Very happy to post some of my woeful thinking, trading, or purchase decisions along the way!

 

[LongBombFromOutside50]

My opinion on the market right now:

1) Fairly confident we’re going down one more leg. Be ready to buy if we do.

2) There is infinite amounts of money to be made by shorting doge and cardano.


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[Evolved1]

Is there an Australian law against trading privacy coins?

I made a withdrawal of AUD from binance recently and had to agree that I wouldn't exchange privacy tokens like monero/verge before they would allow the withdrawal to go through.

 

[BACCS]

Post was made Nov 3, 2017 when BTC was $7078, so I've still got another 16 months for it to come true yet


You're also missing this one from Jun 12 2017 on page 1 which was pretty bang on the money:


Ripple went from $0.28 at the time of posting to a peak of $3.77 18 months later, and was the best performing coin of 2018.
ETH went from $401 at the time of posting to a peak of $1366 18 months later.
SIA went from $0.015 at the time of posting to a peak of $0.094 18 months later.

Incidentally June 2017 bull run was when I first cashed out some XRP gains, having got in at $0.007 and thought $0.28 was a good time to start taking profits. That would prove to be an expensive decision 18 months later.



If you dig through the thread you'll also see post 2018 I went off XRP quite a bit, which was due to the changing landscape of what Ripple were doing. Only an idiot wouldn't have cashed out their XRP during the Jan 2018 bull run, which is when I sold 90% of mine off.

As with anyone my opinions are just that, opinions, and they're no more valid than anyone else's. That I've been mostly right over the last 5+ years is largely due to a combination of dumb luck and a very high risk tolerance. It also means that, on occasion, I have been wrong and am not an oracle. Very happy to post some of my woeful thinking, trading, or purchase decisions along the way!

Sorry mate, wasn’t meant to have a dig at you, just wanted to highlight that even the most experienced people in this market don’t always get it correct. Would appreciate a post on your last point, thanks!

 

[thedreadpirateroberts]

Surprised it took you so long to respond. Let me guess, I’m a noob with no idea because I watch his videos?

nah youre a noob cause everything you

Anyway, what do you guys think of Harmony?

holding a big bag for sometime now. like it long term. probably get a few good entry points soon. expecting more bleeding for alts

 

[BACCS]

My opinion on the market right now:

1) Fairly confident we’re going down one more leg. Be ready to buy if we do.

2) There is infinite amounts of money to be made by shorting doge and cardano.


Sent from my iPhone using Tapatalk

What technical basis do you have for shorting Cardano? It’s held up quite well compared to most and the RSI has been mid range for ages now. You might be right, just conflicting with the major indicators of oversold or overbought.

 

[ash_1050]

Sorry mate, wasn’t meant to have a dig at you, just wanted to highlight that even the most experienced people in this market don’t always get it correct. Would appreciate a post on your last point, thanks!

I definitely don't get it always correct

The biggest mistake I've made was after being in XRP for 3+ years then cashing out my 250,000 XRP in about August 2017, and then watching it go on an absolute run. Got back in mid December, and exited with a decent profit, but had I held on those extra 4 months I'd have netted AU$1.7m pre-tax. Taught me the value in holding, not trying to time the market, and in having an effective strategy in place that you adhere to. Likewise if you've got conviction in something then be prepared to hold through the volatility, as crypto swings can be brutal if you've got a weak risk tolerance.

 

[BACCS]

An interesting TA thread on comparing the traditional tech stocks with the crypto market:

 

[BACCS]

I definitely don't get it always correct

The biggest mistake I've made was after being in XRP for 3+ years then cashing out my 250,000 XRP in about August 2017, and then watching it go on an absolute run. Got back in mid December, and exited with a decent profit, but had I held on those extra 4 months I'd have netted AU$1.7m pre-tax. Taught me the value in holding, not trying to time the market, and in having an effective strategy in place that you adhere to. Likewise if you've got conviction in something then be prepared to hold through the volatility, as crypto swings can be brutal if you've got a weak risk tolerance.

Wow, that’s brutal! Thanks for sharing. What did you think of the Visa news I shared above relating to a debit card being released to the Australian market that can directly spend either BTC, ETH, Bitcoin Cash or XRP?

As you’re all mostly aware, my portfolio has been down anywhere from 20-40% the last 2 months, I don’t have a single investment in the green. However, I’ve done the research and have the conviction that the market will recover either this year or at worst next and have never felt the need to panic sell. I’ve also setup trading indicator tools (such as Bollinger Bands, RSI, MACD etc) to ensure I avoid emotional decisions in the future and start to take profits when it’s showing consistent oversold signals after a major run up. Conversely, start to buy back in when it’s showing consistent oversold signals. I’m also watching as much crypto content as I can and continue to learn of more experienced trade/on-chain analysts on social media.

 

[Evolved1]

I definitely don't get it always correct

The biggest mistake I've made was after being in XRP for 3+ years then cashing out my 250,000 XRP in about August 2017, and then watching it go on an absolute run. Got back in mid December, and exited with a decent profit, but had I held on those extra 4 months I'd have netted AU$1.7m pre-tax. Taught me the value in holding, not trying to time the market, and in having an effective strategy in place that you adhere to. Likewise if you've got conviction in something then be prepared to hold through the volatility, as crypto swings can be brutal if you've got a weak risk tolerance.

I sold a bunch of CSL in December 2017 to buy bitcoin. Not one of my better moments.

 

[LongBombFromOutside50]

What technical basis do you have for shorting Cardano? It’s held up quite well compared to most and the RSI has been mid range for ages now. You might be right, just conflicting with the major indicators of oversold or overbought.

Based on fundamentals, not technical analysis.

I’ve seen nothing but talk from Charles since Cardano launched. Someone on Twitter took a screenshot showing a tweet from Charles in Dec’2018 that one year later there would be hundreds of dApps built on it. Still to this day there is nothing and not even functioning smart contracts.

One of those coins whose run was based on pure hype and no substance. If the market falls lower then expect blockchains like cardano to drop hard as opposed to blockchains which have lots of development happening on them, like Sol for example (even though Sol is 2.5 years younger than Cardano, there is so much more happening).

The only reason in my opinion why Cardano has held up ok is because such a high percentage of it is staked. I’ve never owned any Cardano but I would tread with caution if I was a holder.


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[BACCS]

ASX has gone 9x this month alone already, absolutely pumping

 

[BACCS]

Based on fundamentals, not technical analysis.

I’ve seen nothing but talk from Charles since Cardano launched. Someone on Twitter took a screenshot showing a tweet from Charles in Dec’2018 that one year later there would be hundreds of dApps built on it. Still to this day there is nothing and not even functioning smart contracts.

One of those coins whose run was based on pure hype and no substance. If the market falls lower then expect blockchains like cardano to drop hard as opposed to blockchains which have lots of development happening on them, like Sol for example (even though Sol is 2.5 years younger than Cardano, there is so much more happening).

The only reason in my opinion why Cardano has held up ok is because such a high percentage of it is staked. I’ve never owned any Cardano but I would tread with caution if I was a holder.


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Fair call on the fundamentals, but I still think speculation combined with the amount staked, can drive it to new ATHs when the bull cycle resumes. ADA has a strong backing from retail and institutions are starting to buy too. Long term I absolutely agree that if deadlines continue to be missed, then it could drop off as other competitors take over.