Cryptocurrency mega-thread

[Evolved1]

Most people would be down 30% or more over the last few weeks. A loss is only realised when you sell. If you're holding good coins they will come back.

Be careful with the bolded part. It's a lot like the denial stage of market cycles.

 

[Ghost Patrol]

Percentage wise Opcat is my best ever buy.

Still early as well. Only 5000 holders. They are releasing a DEX soon, reckon we might see another 10x on it.

 

[LennyHayes77]

What should I buy right now? Have a few hundred to spend so looking for a few bargain buys right now. Currently holding DOT, MATIC, XRP, FET & COTI. Not looking to buy an ADA or LUNA as I've recently sold those. Have a few shitcoins I'm holding through the dip so happy to look into some other small cap coins too

 

[The Dice Man]

Be careful with the bolded part. It's a lot like the denial stage of market cycles.

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The key part is good coins I guess, but you're right. I'd be confident holding BTC or ETH in a bear market(I have neither). Impossible to say what will be top 10 coins in 3 or 5 years.

 

[The Dice Man]

Still early as well. Only 5000 holders. They are releasing a DEX soon, reckon we might see another 10x on it.

Could very well.

FLOKI on the other hand is really struggling. I haven't looked at my Gate.io balance for 2 weeks. I dont wanna know.

 

[Ghost Patrol]

Could very well.

FLOKI on the other hand is really struggling. I haven't looked at my Gate.io balance for 2 weeks. I dont wanna know.

My Floki is free bag now. Just checked my buy/sell history on it - first buy was in August $22 for 5 million of them lol

Have bought and sold more since then, but still got 3.8 million flokis in moon bag.

 

[Pancakes]

If you're holding good coins they will come back.

What if you are holding ADA though?

 

[The Dice Man]

What if you are holding ADA though?

There's no hope for you. Sell that now and buy BIDENFAM, or Shibasushi.

 

[BACCS]

I don't have what you'd call a massive portfolio but I've lost I reckon in the last two days 35-40%, all part of the fun and games. I know it'll rebound, also gives me an opportunity to buy part of a BTC.

As long as you are still in profit, fluctuations of 20-30% in unrealised gains don't really matter. The bottom total value of my portfolio when these larger dips occur continues to get higher since it hit the absolute low in mid July, that's all that matters over the long run. That's why it is always good to take profits on the way up and have stablecoins ready for these dips, which as you've seen recently, occur quite frequently!

 

[BACCS]

Looks like everything had one final dip down overnight and found decent buy orders at those prices, as everything is pumping this morning! DOT had a perfect bounce off the bottom of the Bull Market Support Band.

 

[BACCS]

 

[freddy mercury]

As long as you are still in profit, fluctuations of 20-30% in unrealised gains don't really matter. The bottom total value of my portfolio when these larger dips occur continues to get higher since it hit the absolute low in mid July, that's all that matters over the long run. That's why it is always good to take profits on the way up and have stablecoins ready for these dips, which as you've seen recently, occur quite frequently!

When Fox goes back to about 50ish cents I am going to take half and dump half on mana.

 

[BACCS]

So my ETH/MC staking at current prices is earning me roughly 10 $MC a day (~540% APR), this should go up a bit as prices of ETH and MC increase, but will also be slightly nullified by more people staking and having less MC to distribute (so APR trends down). As I have to pay gas to claim the reward (which I can then retrieve to my Metamask wallet after 12 months of locking), at current rates I would be earning ~300 $MC a month.

12 months from now I'm fairly certain the bear market would be here; however, if MC has pumped to 50-100 bucks during the bull cycle (very possible from here given that it only sits at a current market cap of 417M), then hopefully price has retraced to say 20-30 bucks. I could then start retrieving my monthly reward claims of 300 MC, which could be worth anywhere from 5000-10000USD. This project is also backed by a number of major institutional crypto players, including Digital Currency Group. DCG's portfolio includes Coinbase, Circle, CoinDesk, Decentraland (MANA), Etherscan, FTX, Genesis, Grayscale, Kraken, Ledger, Lightning Network, Ripple and Xapo; basically, they don't put their money into losing projects/companies. It's only a matter of time until MC is listed on all of the aforementioned CEXs.

DYOR, but I highly recommend anyone getting involved with this project, given that the token only launched about 3 weeks ago. The major CEX to buy it from is Gate io, or otherwise it's through UniSwap. It appears to have found a bottom at 8 bucks (bounced off here a few times recently) and is currently about 10 bucks.

The devs are also fully doxxed and very active participants in the Telegram group; they've helped me out heaps with understanding the project and staking.

Merit Circle, building a decentralized autonomous organization (DAO), focused on developing the play-to-earn economy, with a mission to maximize value accrual across different games in the metaverse (major project right now for them is Axie Infinity).

 

[BACCS]

 

[The Dice Man]

Looks like everything had one final dip down overnight and found decent buy orders at those prices, as everything is pumping this morning! DOT had a perfect bounce off the bottom of the Bull Market Support Band.

DOT was irresistible at $33 so I bought more.

 

[BACCS]

 

[Pickitt]

what's goin on with cro?

 

[BACCS]

what's goin on with cro?

Standard pullback after a major pump, nothing to worry about for the long term I wouldn't think. It's time for the big players to get their next pumps, with CRO profits more than likely moving into these.

 

[freddy mercury]

What do you guys think about Shiba?

 

[beez]

Here's 20 mins of interesting research. It looks at the relationship between Monex Group in the Japanese market and BTC. It contends institutions use Monex as a proxy for BTC. Having wasted a few hours delving into the price action of both on hourly, daily and weekly time frames, it at times strongly supports the thesis, and at other times completely quashes it. But also I'm not smart enough to understand liquidations and the complexities of trading futures and arbitrage.

Why am I posting it now? Because Monex (ticker 8698) is up 17.69% today.

The last time Monex pumped this much (in early Nov), BTC pumped almost 10% in the next few days.

 

[LennyHayes77]

What do you guys think about Shiba?

You've probably missed the boat!

 

[BACCS]

Here's 20 mins of interesting research. It looks at the relationship between Monex Group in the Japanese market and BTC. It contends institutions use Monex as a proxy for BTC. Having wasted a few hours delving into the price action of both on hourly, daily and weekly time frames, it at times strongly supports the thesis, and at other times completely quashes it. But also I'm not smart enough to understand liquidations and the complexities of trading futures and arbitrage.

Why am I posting it now? Because Monex (ticker 8698) is up 17.69% today.

The last time Monex pumped this much (in early Nov), BTC pumped almost 10% in the next few days.

The monthly candle closes in about 18 hours, it just feels like some action is about to go down once the northern hemisphere wakes up. December is also usually a good month for BTC.

 

[BACCS]

****ers

 

[The Dice Man]

f***ers

What am I missing here? VET dropped 4% in an hour.. roughly the same it rose yesterday in an hour.

 

[BIRDBRAIN]

I think BTC is gonna print a god candle one of these days soon.