Cryptocurrency mega-thread

[Evolved1]

Does anyone watch The Modern Investor on YouTube?
The bloke thinks ADA will hit $10.
He seems very bullish on everything and doesn't mention possible pullbacks on anything ever haha

I like his channel because he breaks down articles quite well. But yeah very skeptical of his predictions etc.

On SM-G965F using BigFooty.com mobile app

Cardano's marketcap is approximately the same as CSL. I'd rather put money into CSL at these prices.

Targets in crypto are very hard to predict. You'll find that analysts (mostly moonboys/shillers) move their targets up once initial targets are hit, and that leads to people hodling tokens longer than they should.

There's a good chance you'll hold all the way through a bear market if you're not selling any ADA before $10. If $10 hits, what will you do when the shillers start talking about $30 ADA?

 

[faible]

what will you do when the shillers start talking about $30 ADA?

Always HODL right?

 

[Evolved1]

Always HODL right?

You don't lose if you don't sell.

 

[md20]

Cardano's marketcap is approximately the same as CSL. I'd rather put money into CSL at these prices.

Targets in crypto are very hard to predict. You'll find that analysts (mostly moonboys/shillers) move their targets up once initial targets are hit, and that leads to people hodling tokens longer than they should.

There's a good chance you'll hold all the way through a bear market if you're not selling any ADA before $10. If $10 hits, what will you do when the shillers start talking about $30 ADA?

Yeah I know what you mean. Was just asking if anyone watches his videos and his thoughts about him.
He's good for breaking down some articles but he never has anything bearish to say which seems like a bit of a warning to me, and exactly the type of person you mention (moonboy/shiller).

On SM-G965F using BigFooty.com mobile app

 

[Ohh Ok]

Out of curiosity, does anyone pay anyone for crypto advice?

Eg, With your bankroll buy 1% of Bitcoin today, buy 2.5% of BNB, sell 50% of your ripple holdings etc

 

[faible]

Out of curiosity, does anyone pay anyone for crypto advice?

Eg, With your bankroll buy 1% of Bitcoin today, buy 2.5% of BNB, sell 50% of your ripple holdings etc

Anyone 'selling' crypto advice is in the same category as those 'selling' forex signals. Conmen and BS artists.

 

[Ohh Ok]

Anyone 'selling' crypto advice is in the same category as those 'selling' forex signals. Conmen and BS artists.

Yeh, can imagine there are a lot out there like that.

In sports betting there are a lot of reliable tipsters out there that sell picks, of course with every reliable tipster comes a bunch of scam artists or people who are simply just on a hot run. Wasn't sure whether crypto had made it down that road yet.

 

[faible]

Yeh, can imagine there are a lot out there like that.

In sports betting there are a lot of reliable tipsters out there that sell picks, of course with every reliable tipster comes a bunch of scam artists or people who are simply just on a hot run. Wasn't sure whether crypto had made it down that road yet.

If you read the experience of the guys who post in here that have been around crypto for a long while, the overwhelming sentiment is simply take the profits when you make them, because there's absolutely no real way to predict what's going to happen next, and anyone saying they can is probably making it up.

 

[Ohh Ok]

If you read the experience of the guys who post in here that have been around crypto for a long while, the overwhelming sentiment is simply take the profits when you make them, because there's absolutely no real way to predict what's going to happen next, and anyone saying they can is probably making it up.

Absolutely mate, like with any sort of investing there is no guarantee that any sort of prediction will come to fruition.

 

[faible]

Absolutely mate, like with any sort of investing there is no guarantee that any sort of prediction will come to fruition.

The share market is a lot more tied to actual companies fortunes, whereas you can do all the analysis you like of a crypto project, think it's really promising, put your cash in to it, then DOGE happens.

 

[maryjames]

Well this is not good..

 

[BACCS]

Well this is not good..

Huh? That is great news for bulls, unless you were being sarcastic

 

[maryjames]

Huh? That is great news for bulls, unless you were being sarcastic

Something is cooking. something big.

 

[BACCS]

Something is cooking. something big.

Agreed, whale accumulation took a large spike over the last couple of days after slowing down the previous couple of weeks. Longs are still increasing too. Won’t be time to blink when this market properly takes off. Building support at these levels for BTC and ETH is necessary to avoid the capitulation we got in May again as well. ETH went from 2850 to 3400 in one day in April, had a minor one day retracement and then blasted to 4400.; no support was built in the range we are in now.

 

[The Dice Man]

Are we going down to 42k, or is there enough support around 45-47 to rocket up to 52k and more?

History says September is a bit bleh for Btc.

 

[BACCS]

Are we going down to 42k, or is there enough support around 45-47 to rocket up to 52k and more?

History says September is a bit bleh for Btc.

Seems to be a lot of support in the 46-47 range, would take an almighty dump to reach 42k at this stage, so I think it’s unlikely. BTC and ETH are basically stablecoins the last 2.5 weeks haha

 

[BACCS]

10% pump from SOL in less than an hour…

 

[Shupe]

I wouldn't be surprised if we go down to 42k over the next couple of weeks.

 

[The Dice Man]

I wouldn't be surprised if we go down to 42k over the next couple of weeks.

That's what I'm thinking too.

10% pump from SOL in less than an hour…

And Arweave 20% in the last 2 hours.

 

[Ohh Ok]

Another question, for someone considering getting into some shorter term trading (less than 12 months). Do you just get taxed on top of your current income? And is it easy to pull that data from Binance?

 

[LongBombFromOutside50]

Another question, for someone considering getting into some shorter term trading (less than 12 months). Do you just get taxed on top of your current income? And is it easy to pull that data from Binance?

Assuming you are trading as an individual, then yes, any profits will be a capital gain and treated as assessable income. So you will be taxed at your individual tax bracket. Trading through a Pty Ltd may be more tax effective depending on how much you expect to make, your other sources of income, etc. Yep you can export all your trades on Binance. Good practice to keep a record yourself as well.

 

[LongBombFromOutside50]

Assuming you are trading as an individual, then yes, any profits will be a capital gain and treated as assessable income. So you will be taxed at your individual tax bracket. Trading through a Pty Ltd may be more tax effective depending on how much you expect to make, your other sources of income, etc. Yep you can export all your trades on Binance. Good practice to keep a record yourself as well.

And personal preference but I would be using FTX all day over Binance

 

[FRUMPY]

And personal preference but I would be using FTX all day over Binance

Yeah I've just recently started trying binance.....hard work

Sent from my CPH2005 using Tapatalk

 

[The Dice Man]

A question,... has anyone here been able to buy ADAX? Having trouble even in Euro markets to make it work.

 

[The Dice Man]

Whole lotta cringe in that clip. From the slow forced clapping, the 'whoo hoos', the pauses between jokes as he waits for the audience to take their cue, and even the CEOs of banks slipping him thousands for his mis-guided and ignorant rant.