Cryptocurrency mega-thread

[The Dice Man]

I've watched about a total of 10 seconds of bitboy and that was enough. And from what I've read he may as well have named himself rentboy.

 

[BACCS]

I've watched about a total of 10 seconds of bitboy and that was enough. And from what I've read he may as well have named himself rentboy.

You either love him or hate him in the crypto space. Also, I know you didn't mean a literal 10 seconds, but if you aren't prepared to at least listen to a variety of opinions in the crypto space, I think you're narrowing your ability to learn and develop.

Benjamin Cowen is a good watch if you're interested in the TA side of crypto (comes from an engineering/maths background I believe). Doesn't get caught up in the emotions of the day to day news and has a very macro perspective.

 

[The Dice Man]

You either love him or hate him in the crypto space. Also, I know you didn't mean a literal 10 seconds, but if you aren't prepared to at least listen to a variety of opinions in the crypto space, I think you're narrowing your ability to learn and develop.

Benjamin Cowen is a good watch if you're interested in the TA side of crypto (comes from an engineering/maths background I believe). Doesn't get caught up in the emotions of the day to day news and has a very macro perspective.

No it was 10 seconds as I said. I watch plenty of you tubers with different opinions and Cowen is one I watch regularly. Rentboy’s just not for me.

 

[BACCS]

No it was 10 seconds as I said. I watch plenty of you tubers with different opinions and Cowen is one I watch regularly. Rentboy’s just not for me.

Fair enough. I think you should at least give Around the Blockchain a go; gives a platform to lesser known crypto influencers and there's always a variety of opinion on the panel discussion.

On the 'Rentboy' thing. Cowen may not take profits from Youtube, but he does charge for a premium TA service on his website. All other major Youtubers though are taking profits from advertising or sponsors as well.

 

[The Dice Man]

Fair enough. I think you should at least give Around the Blockchain a go; gives a platform to lesser known crypto influencers and there's always a variety of opinion on the panel discussion.

On the 'Rentboy' thing. Cowen may not take profits from Youtube, but he does charge for a premium TA service on his website. All other major Youtubers though are taking profits from advertising or sponsors as well.

Some are more transparent than others too.

 

[Evolved1]

Never watched Bitboy. If you want a laugh, have a look at Suppoman.

 

[Evolved1]

Loaded up on BTC, ETH, AVAX, FTT, and SOL this morning. Fingers crossed.

I'm ready to cut if things get ugly.

 

[BACCS]

Some are more transparent than others too.

Exactly, like BitBoy. Anything that is sponsored is disclosed, any project that he’s partnered with is disclosed. But yes, not all crypto influencers are like that.

 

[BACCS]

 

[Evolved1]

Not the least bit bearish, mate?

 

[BACCS]

Not the least bit bearish, mate?

Not at all. All BTC has done is retest the 20W SMA/21W EMA. So far, this has been successful and it bounced very quickly from 40k this morning to around the current 43k price. It’s the 3rd time it’s retested this bull market support level in as many weeks and been successful. Nothing has changed, September is rarely a good month for crypto.

The overall crypto market cap should also get back over the 2T support mark fairly soon.

I’m seeing a number of media outlets now predicting that the CCP will bail out Evergrande, so I can’t see this causing a similar crash to 2008. Why didn’t DXY break resistance, even with the chaos of yesterday and investors supposedly exiting the markets in droves? If there was a time for it to gain strength, it should’ve been the last couple of days.

 

[Evolved1]

Not at all. All BTC has done is retest the 20W SMA/21W EMA. So far, this has been successful and it bounced very quickly from 40k this morning to around the current 43k price. It’s the 3rd time it’s retested this bull market support level in as many weeks and been successful. Nothing has changed, September is rarely a good month for crypto.

The overall crypto market cap should also get back over the 2T support mark fairly soon.

I’m seeing a number of media outlets now predicting that the CCP will bail out Evergrande, so I can’t see this causing a similar crash to 2008. Why didn’t DXY break resistance, even with the chaos of yesterday and investors supposedly exiting the markets in droves? If there was a time for it to gain strength, it should’ve been the last couple of days.

You were having a go at others here for not considering both bullish and bearish cases not so long ago.

We've just put in a lower macro BTC high, which is very bearish. Surely it's time to be at least cautious.

 

[Shupe]

Also, I know you didn't mean a literal 10 seconds, but if you aren't prepared to at least listen to a variety of opinions in the crypto space, I think you're narrowing your ability to learn and develop.

I honestly worry you don't take your own advice sometimes.

It seems like your twitter feed is an echo chamber of bulls only.

 

[BACCS]

You were having a go at others here for not considering both bullish and bearish cases not so long ago.

We've just put in a lower macro BTC high, which is very bearish. Surely it's time to be at least cautious. I understand the bearish sentiment, I’m just not seeing anything to make me worried yet.

I am definitely more cautious than a week ago, but until that support is lost, I’m remaining calm and holding my positions.

 

[Evolved1]

I am definitely more cautious than a week ago, but until that support is lost, I’m remaining calm and holding my positions.

You have some good things to say, and I think you're generally on the right path...but you're a permabull. Gotta cut that shit.

 

[BACCS]

I honestly worry you don't take your own advice sometimes.

It seems like your twitter feed is an echo chamber of bulls only.

Definitely not full of bulls, mostly traders that take advantage during times of euphoria and fear. The only accounts I stopped following were BTC maxis, they’re just annoying.

I understand the fear right now, it makes sense after two 10-20% corrections in a couple of weeks. However, BTC and ETH are just trading back in the August range, a time where many were becoming bullish again. I never expected too much from September looking at the history, that’s why the breakout initially surprised me, it felt like it wouldn’t come until Q4. As it stands now, the monthly will probably be negative and initial feelings come true.

 

[BACCS]

You have some good things to say, and I think you're generally on the right path...but you're a permabull. Gotta cut that sh*t.

I’ve given pretty clear views as to why I’m not super worried, how does that make me a permabull? I’m not just basing my views on hopium, I have technical reasons for my views as I’ve discussed.

 

[The Dice Man]

I’m seeing a number of media outlets now predicting that the CCP will bail out Evergrande, so I can’t see this causing a similar crash to 2008. Why didn’t DXY break resistance, even with the chaos of yesterday and investors supposedly exiting the markets in droves? If there was a time for it to gain strength, it should’ve been the last couple of days.

Do we think it's all that simple? If it's about Evergrande being bailed out or not determines which way we go from here? The problem is that Evergrande may just be the tip of the iceberg and they may be many more companies teetering on the edge.

China has a lot of highrise ghost cities that no-one is living in... Someone's gonna have to pay sometime for them.

 

[BACCS]

Do we think it's all that simple? If it's about Evergrande being bailed out or not determines which way we go from here? The problem is that Evergrande may just be the tip of the iceberg and they may be many more companies teetering on the edge.

China has a lot of highrise ghost cities that no-one is living in... Someone's gonna have to pay sometime for them.

Nothing is ever that simple and I’m sure there are other companies like Evergrande. However, you’re underestimating the power of the CCP and their want to be the number one country in the world.

 

[The Dice Man]

Nothing is ever that simple and I’m sure there are other companies like Evergrande. However, you’re underestimating the power of the CCP and their want to be the number one country in the world.

I'd read, cant remember where so can't link it sorry, but that the CCP may actually want to see this happen to break up the large companies who are considered 'too big to fail'.

It's a 50/50 bet at this stage I reckon.I watched the Dow very closely last night, my time(something I've never done or ever thought I would haha) and was good to see it recover a bit at the end of the day. That, and the fact that there's still a lot of USD currency sitting on exchanges makes me hopeful many are just waiting to buy back in.

 

[Evolved1]

I’ve given pretty clear views as to why I’m not super worried, how does that make me a permabull? I’m not just basing my views on hopium, I have technical reasons for my views as I’ve discussed.

Do you have an invalidation point for your bias?

 

[ash_1050]

I’ve given pretty clear views as to why I’m not super worried, how does that make me a permabull? I’m not just basing my views on hopium, I have technical reasons for my views as I’ve discussed.

Out of curiosity what was the technical reason for XRP being more likely to hit $10 before dropping below $1 when priced at $1.20 at the time of posting?

 

[BACCS]

I'd read, cant remember where so can't link it sorry, but that the CCP may actually want to see this happen to break up the large companies who are considered 'too big to fail'.

It's a 50/50 bet at this stage I reckon.I watched the Dow very closely last night, my time(something I've never done or ever thought I would haha) and was good to see it recover a bit at the end of the day. That, and the fact that there's still a lot of USD currency sitting on exchanges makes me hopeful many are just waiting to buy back in.

That would make sense too. It just makes no sense though that if investors were worried about the markets crashing further, why did the DXY still get rejected at a major resistance level?

 

[BACCS]

Out of curiosity what was the technical reason for XRP being more likely to hit $10 before dropping below $1 when priced at $1.20 at the time of posting?

That was hopium, not going to deny that one. The SEC case is tracking very nicely for Ripple though, I’m still confident it’s over within the next month or two and XRP is finally able to get major volume back for a price pump.

 

[The Dice Man]

That would make sense too. It just makes no sense though that if investors were worried about the markets crashing further, why did the DXY still get rejected at a major resistance level?

At an uneducated guess, everyone is holding their breath, and their wallets.