Cryptocurrency mega-thread

[BACCS]

Shupe, can any of DOT breaking out be contributed to the success of MOVR? It’s very bullish on all timeframes right now

 

[Bostonian]

The last few times DOT has pumped up it's never got that consolidation period after as the market has either crashed or dipped hard.

So beware...

 

[BACCS]

this aged well

Smart contracts launched didn’t they? I was expecting there might be a bit of ‘sell the news’ price action on the day of launching, but the next 3 months are very bullish as more and more dApps launch on the Cardano ecosystem.

 

[Shupe]

Shupe, can any of DOT breaking out be contributed to the success of MOVR? It’s very bullish on all timeframes right now

As someone who jumped in the MOVR parachain, I'm very happy with this.

I believe DOT breaking out will just be anticipation of the Polkadot auctions (thus people accumulating) however there is still no timeframe for when they will occur.

The Kusama parachains have been very successful as the 'test' so it's all looking very bullish.

 

[The Dice Man]

The last few times DOT has pumped up it's never got that consolidation period after as the market has either crashed or dipped hard.

So beware...

Been very frustrating that. Twice now in the last couple of weeks DOT was on the move only to be stalled by BTC.

Did anyone really think ADA would pump last night? It's had it's pump for the last 6-12 months based on promise. Reckon it's done for the year but it's dApps may have some gems.

 

[Shupe]

I'm still fairly confident of a $4-5 ADA.

 

[Bostonian]

When the US opens expecting longer red candles.

 

[BACCS]

When the US opens expecting longer red candles.

Will be setting up some juicy buy orders that could be hit overnight. Expecting a fairly quick bounce and back over 50k BTC later this week.

 

[Bostonian]

Will be setting up some juicy buy orders that could be hit overnight. Expecting a fairly quick bounce and back over 50k BTC later this week.

Breakout traders will most likely short the crap out of things and liquidate those in the long range.

 

[ash_1050]

-20% or above	-19.99% to -10.01%	-10% to -5.01%	-5% to -0.01%	0.01% to 5%	5.01% to 9.99%	10.01% to 19.99%	20% or above
6	29	25	47	49	34	35	21

Percentage chance of weekly BTC performance landing in each range

-20% or above	-19.99% to -10.01%	-10% to -5.01%	-5% to -0.01%	0.01% to 5%	5.01% to 9.99%	10.01% to 19.99%	20% or above
2.439%	11.7886%	10.1626%	19.1056%	19.9186%	13.8211%	14.2276%	8.5365%

Created the above to satisfy my own curiosity, figured it's worth a share. 246 weeks of data since 01/01/2017.

 

[BACCS]

Breakout traders will most likely short the crap out of things and liquidate those in the long range.

I would be surprised if that occurred, the funding ratio isn’t particularly bullish or bearish. It’s just as likely there are liquidations of longs and shorts tonight, just like the flash crash and bounce last week. September is historically an average month for crypto, expecting that Q4 is where the fun will happen.

 

[BACCS]

2T total crypto market cap has held as good support over the last few weeks, interesting to see how quickly the market bounces back if it drops below.

 

[The Dice Man]

Anyone holding litecoin?? Apparently Walmart will be.

 

[DT_35]

LTC goes bangggg

 

[Bostonian]

It's a bull trap

 

[Bostonian]

The LTC pump is a massive orchestrated scam.

 

[The Dice Man]

The LTC pump is a massive orchestrated scam.

Seems that way yeah.

 

[almuz]

Might chill for a few weeks/a month till ETH/BTC return to pre-bull run prices and buy back in.

The tricky part is just buying and leaving it/not checking it every few hours lol - like BTC and ETH will X2 in value in the next year or two (IMO) so it makes logical sense to set and forget (thanks crappy caveman brain).

 

[BACCS]

The LTC pump is a massive orchestrated scam.

WTF happened overnight? I saw rumours of a FTX hack as well which turned out to be false.

 

[faible]

Anyone holding litecoin?? Apparently Walmart will be.View attachment 1235139

I have a small holding; was worth ~ $700 when I went to sleep. Worth ~ $700 when I checked this thread. Hadn't looked in between. Sad times.

 

[ash_1050]

Protip: Major supermarket chains are not going to be accepting obsolete and highly volatile cryptocurrencies any time soon.

 

[LongBombFromOutside50]

View attachment 1235236

Protip: Major supermarket chains are not going to be accepting obsolete and highly volatile cryptocurrencies any time soon.

This.

It's pretty sad how common these pump and dump scams are with crypto.

On the plus side that was probably the easiest short trade I've ever made


Thanks for playing

 

[Bostonian]

If people want to stay ahead of a trend then i'd suggest starting to search out projects in the DOT ecosystem outside of KSM.

As seen with SOL when the Top Dog pumps, often many of the underlings follow.

DOT's ecosystem still hasn't gone yet. There was a small signal they could be ready to go when it does with a bit of a pump by Litentry overnight.

 

[The Dice Man]

I have a small holding; was worth ~ $700 when I went to sleep. Worth ~ $700 when I checked this thread. Hadn't looked in between. Sad times.

You had about 5 minutes to dump it for a nice earner.

 

[Evolved1]

You had about 5 minutes to dump it for a nice earner.

Managed to dump my LTC bags for $215.

There doesn't seem much demand for currency tokens like LTC and BCH in this run. The banking system seems to have caught up with crypto in terms of speed and convenience, which may be hurting that use-case for crypto.