Cryptocurrency mega-thread

[Coolangatta]

From when I first posted PIT, it did close to 20x at it's peak.

I put $150 into it. It's worth about $328 atm, somewhere around there. I think if it did what Shiba did and hit .00007957 it'd be worth at least a few mill, which would be insane. But Shib and Doge seem like anomalies in that regard. 2-3 mill would be ideal to help my family, six figures still sweet. But I'll take what I can get. Hopefully, I'll have gained on my initial investment, which I technically have now.

 

[The Dice Man]

not gunna lie Binance confuses the sh*t outa me.

You'll get used to it. I started on Coinbase, frustrated by their lack of options and went to Coinbase Pro, which I had no idea(as you had to pair) then binance, now any mother ****ing CEX, DEX or Lex is fair game. Maybe look up a Binance tutorial on Youtube.

It's based on a protocol that has run for over 6 months and achieved a 4 billion MC. Having said that, it's probably just a pump and dump LMAO.

She's back over 400 now... Let's see how long it lasts but a pleasant surprise to see Im in profit on it overnight and earning $50 a day, for now.

 

[BIRDBRAIN]

You'll get used to it. I started on Coinbase, frustrated by their lack of options and went to Coinbase Pro, which I had no idea(as you had to pair) then binance, now any mother ******* CEX, DEX or Lex is fair game. Maybe look up a Binance tutorial on Youtube.


She's back over 400 now... Let's see how long it lasts but a pleasant surprise to see Im in profit on it overnight and earning $50 a day, for now.

Forgot about my bond

 

[The Dice Man]

I've banked ~ 10x my original investment and am sitting on the rest of my holding until it's either worth nothing, or it buys me a Lambo.

Pretty much the same for me on OPCAT. They

Forgot about my bond

View attachment 1294254

Hahaha, what a nice thing to have forgotten about. You've still got over $1200 sitting there. Are you claiming and staking just before rebase?

 

[BIRDBRAIN]

Pretty much the same for me on OPCAT. They

Hahaha, what a nice thing to have forgotten about. You've still got over $1200 sitting there. Are you claiming and staking just before rebase?

Yep just did it! LMAO can't believe I did that.

 

[The Dice Man]

Yep just did it! LMAO can't believe I did that.

Still in the game. Nice problem to have.

 

[BACCS]

Put 44 MC on last night and just harvested 68 cents today

Another major investor just started following Merit Circle on Twitter today (Zhu Su - head of an investment firm and nearly 400k followers). Joins a long line of major CT influencers that are investors; oh, and the head of listings at Coinbase is following their Twitter too (another company backed by Digital Currency Group). This project will be big; these type of early investors are why so many were bullish on Solana in 2018 (Pentoshi as an example was in early on this too). Once you start working out the major investors in crypto, you'll realise what projects will be winners long term.

Staking rewards and locking rewards for 12 months after claiming also prevents any early dumps.

 

[MirosWife]

Another major investor just started following Merit Circle on Twitter today (Zhu Su - head of an investment firm and nearly 400k followers). Joins a long line of major CT influencers that are investors; oh, and the head of listings at Coinbase is following their Twitter too (another company backed by Digital Currency Group). This project will be big; these type of early investors are why so many were bullish on Solana in 2018 (Pentoshi as an example was in early on this too). Once you start working out the major investors in crypto, you'll realise what projects will be winners long term.

Staking rewards and locking rewards for 12 months after claiming also prevents any early dumps.

View attachment 1294270

Thanks for that. Got a few ppl to follow on Twitter!

 

[The Dice Man]

Another major investor just started following Merit Circle on Twitter today (Zhu Su - head of an investment firm and nearly 400k followers). Joins a long line of major CT influencers that are investors; oh, and the head of listings at Coinbase is following their Twitter too (another company backed by Digital Currency Group). This project will be big; these type of early investors are why so many were bullish on Solana in 2018 (Pentoshi as an example was in early on this too). Once you start working out the major investors in crypto, you'll realise what projects will be winners long term.

Staking rewards and locking rewards for 12 months after claiming also prevents any early dumps.

View attachment 1294270

Mines still in Gate. Had a look again and will cost 7MC in Eth fees to transfer. Outrageous.

 

[BACCS]

Mines still in Gate. Had a look again and will cost 7MC in Eth fees to transfer. Outrageous.

Always best to transfer on a weekend, gas fees are lowest then. Lowest fee I've had was about 3MC.

The Telegram trading group is now full of Binance noobs asking 'why price down, wen price up, y dis project not pump after listing'

 

[The Dice Man]

Always best to transfer on a weekend, gas fees are lowest then. Lowest fee I've had was about 3MC.

The Telegram trading group is now full of Binance noobs asking 'why price down, wen price up, y dis project not pump after listing'

Yeah I get it that Eth projects are usually more stable and BSC players are more likely to jump in and out quicker due to lower fees, but it's still mad those fees.

 

[BACCS]

Yeah I get it that Eth projects are usually more stable and BSC players are more likely to jump in and out quicker due to lower fees, but it's still mad those fees.

Yeah they are mad, but fingers crossed ETH 2.0 comes next year at some point (anticipation could help drag out the bull cycle too).

 

[Shupe]

Can I get a quick tldr on MC?

I generally don't pay attention to shilling. However I'm becoming more and more interested in the rewards side of things.

Most projects are pure dogshit, let's be honest. But if it's worth my while in rewards, I'll look into it.

 

[The Dice Man]

Can I get a quick tldr on MC?

I generally don't pay attention to shilling. However I'm becoming more and more interested in the rewards side of things.

Most projects are pure dogshit, let's be honest. But if it's worth my while in rewards, I'll look into it.

It's dumped hard since I bought... My 2c.

 

[MSB ROYS]

Can I get a quick tldr on MC?

I generally don't pay attention to shilling. However I'm becoming more and more interested in the rewards side of things.

Most projects are pure dogshit, let's be honest. But if it's worth my while in rewards, I'll look into it.

Here is some info (just read the intro if you don't want too much details): https://coinmarketcap.com/alexandri...e-mc-features-tokenomics-and-price-prediction

 

[BACCS]

Can I get a quick tldr on MC?

I generally don't pay attention to shilling. However I'm becoming more and more interested in the rewards side of things.

Most projects are pure dogshit, let's be honest. But if it's worth my while in rewards, I'll look into it.

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.

There is nothing dogshit about this project (since I posted the above it got a Binance listing). I see this project like you see LUNA, this is absolutely a long term play.

 

[BACCS]

It's dumped hard since I bought... My 2c.

That’s just happening because of stupid retail buying the top and panic selling because they think the launchpool is diluting the supply and causing sell pressure. In reality, the volume on Binance right now isn’t even close to UniSwap, and the APY for staking is decreasing dramatically and the amount staked is increasing ie, people are restaking their rewards on Binance, not selling. Every dip to 5 is getting gobbled up.

This thread explains Binance launchpools well and what happened for similar projects in the past (tldr, they pump hard after an initial pullback):

 

[The Dice Man]

That’s just happening because of stupid retail buying the top and panic selling because they think the launchpool is diluting the supply and causing sell pressure. In reality, the volume on Binance right now isn’t even close to UniSwap, and the APY for staking is decreasing dramatically and the amount staked is increasing ie, people are restaking their rewards on Binance, not selling. Every dip to 5 is getting gobbled up.

This thread explains Binance launchpools well and what happened for similar projects in the past (tldr, they pump hard after an initial pullback):

In all honesty Im not too worried about the price today, it seems like a good project and Im happy to let it sit and forget for now. Each dip/dump affects me less and I accept you just have to wait and hold. I'm slowly becoming a more patient grasshopper.

 

[BACCS]

In all honesty Im not too worried about the price today, it seems like a good project and Im happy to let it sit and forget for now. Each dip/dump affects me less and I accept you just have to wait and hold. I'm slowly becoming a more patient grasshopper.

You should see some of the absolute shit that gets posted in the TG group about price action, it looks like analysis you would expect from someone that hasn’t finished primary school maths. These people (or bots) do get banned eventually as they don’t post anything constructive, but so many new ones pop up each day.

These lower caps are always more volatile and only the patient investors ever make the big money from them.

 

[Freak Dodgeball Accident]

Doubled up on my Opcat holdings after a big dump earlier on today. They're supposedly releasing their version of Pancake Swap next week, so hopefully there's plenty of shilling in the lead up to it and we get a nice pump. Might be worth a small gamble

 

[The Dice Man]

You should see some of the absolute sh*t that gets posted in the TG group about price action, it looks like analysis you would expect from someone that hasn’t finished primary school maths. These people (or bots) do get banned eventually as they don’t post anything constructive, but so many new ones pop up each day.

These lower caps are always more volatile and only the patient investors ever make the big money from them.

I find most TG groups much the same. Same different types of people with the same types of questions. It's magnified in Shitcoins and any negative comment regarding price action is FUD, and every coin is going to the moon.. Every dip is a time to buy, HODL HODL DDL. I got banned from the Jade one for simply saying, 'Down 11% in the last hour'. That's it!

 

[The Dice Man]

Doubled up on my Opcat holdings after a big dump earlier on today. They're supposedly releasing their version of Pancake Swap next week, so hopefully there's plenty of shilling in the lead up to it and we get a nice pump. Might be worth a small gamble

I'm still in with pure profits, could be interesting what eventuates there.

 

[The Dice Man]

Belongs in the Shitcoin thread but anyway... Good news for Opcat

 

[Bostonian]

SHIB and an Aussie gaming studio.

 

[Gigantic]

I highly recommend this read - Messari's Crypto Theses for 2022

https://messari.io/pdf/messari-report-crypto-theses-for-2022.pdf

It's a loooong read with 160 odd pages, but very worth it if you want to get an around the grounds of the crypto space in the past year and a decent look forward.