Cryptocurrency mega-thread

[BACCS]

Remember don't get married to your crypto bags


ILV is just running on hype. They have been around since half way through 2021 and they still don't have a full release out. The chart looks rather pump n dump.

Becker has been mentioning Beam so that'll get it to pump so he can dump on people.

Not married, just conviction in a team I strongly believe in and a community I love being involved in. I get exposure to a few of these gaming microcaps I've seen mentioned in here through BEAM anyway, as a heap are either building on BEAM or Merit Circle has invested into them ($AMO, $GOB, $SHRAP, $DOMI etc). Haven't touched anything else during the bear, even though I knew about projects like ATOR early (a miss in hindsight, but didn't want to lose focus).

This is a game I've played a lot of during the testing phase and is a project MC has invested in:


It's the most mainstream I've seen a game go in web3 so far, Paramount partnership and launching on Steam, doesn't get bigger than that! I've played a lot of Mario Kart over the years and could never go back to playing it after trying out What the Kart.

Amino ($AMO) has also partnered with the San Fran 49ers in the NFL and already has 150k+ daily users of their app:


It takes time to deliver quality games, I am confident in what Illuvium will deliver and have heard that from far smarter people than me too.

This is another good summary thread of what Merit Circle has been up to and is building (Trial Xtreme that is mentioned there is another mobile game building on BEAM and has 200M+ downloads in the web2 space - have gone into web3 for a new challenge):

 

[chungi]

Not married, just conviction in a team I strongly believe in and a community I love being involved in. I get exposure to a few of these gaming microcaps I've seen mentioned in here through BEAM anyway, as a heap are either building on BEAM or Merit Circle has invested into them ($AMO, $GOB, $SHRAP, $DOMI etc). Haven't touched anything else during the bear, even though I knew about projects like ATOR early (a miss in hindsight, but didn't want to lose focus).

This is a game I've played a lot of during the testing phase and is a project MC has invested in:


It's the most mainstream I've seen a game go in web3 so far, Paramount partnership and launching on Steam, doesn't get bigger than that! I've played a lot of Mario Kart over the years and could never go back to playing it after trying out What the Kart.

Amino ($AMO) has also partnered with the San Fran 49ers in the NFL and already has 150k+ daily users of their app:


It takes time to deliver quality games, I am confident in what Illuvium will deliver and have heard that from far smarter people than me too.

This is another good summary thread of what Merit Circle has been up to and is building (Trial Xtreme that is mentioned there is another mobile game building on BEAM and has 200M+ downloads in the web2 space - have gone into web3 for a new challenge):

What sort of price do you think it could hit next bull BACCS? I'm liking the look of it and hopefully it lists on Binance & Coinspot too

 

[Bostonian]

Not married, just conviction in a team I strongly believe in and a community I love being involved in. I get exposure to a few of these gaming microcaps I've seen mentioned in here through BEAM anyway, as a heap are either building on BEAM or Merit Circle has invested into them ($AMO, $GOB, $SHRAP, $DOMI etc). Haven't touched anything else during the bear, even though I knew about projects like ATOR early (a miss in hindsight, but didn't want to lose focus).

This is a game I've played a lot of during the testing phase and is a project MC has invested in:


It's the most mainstream I've seen a game go in web3 so far, Paramount partnership and launching on Steam, doesn't get bigger than that! I've played a lot of Mario Kart over the years and could never go back to playing it after trying out What the Kart.

Amino ($AMO) has also partnered with the San Fran 49ers in the NFL and already has 150k+ daily users of their app:


It takes time to deliver quality games, I am confident in what Illuvium will deliver and have heard that from far smarter people than me too.

This is another good summary thread of what Merit Circle has been up to and is building (Trial Xtreme that is mentioned there is another mobile game building on BEAM and has 200M+ downloads in the web2 space - have gone into web3 for a new challenge):

One thing I've learned is that the quality of games doesn't really seem to make a huge difference to price in the crypto gaming space.

Neither do partnerships unfortunately.

Some average games have had some huge pumps.


I avoid anything to do with Neo Tokyo.

Too much pump and dump vibes involved with that lot.

I reckon you'll do well out of it though.

I'm just looking for bigger gains in the crypto gaming space.

 

[BACCS]

One thing I've learned is that the quality of games doesn't really seem to make a huge difference to price in the crypto gaming space.

Neither do partnerships unfortunately.

Some average games have had some huge pumps.


I avoid anything to do with Neo Tokyo.

Too much pump and dump vibes involved with that lot.

I reckon you'll do well out of it though.

I'm just looking for bigger gains in the crypto gaming space.

I am not even talking about the crypto gaming space solely here, Oh Baby Games with What the Kart has capacity to be a AAA game. It's got a huge backing and is very popular already and that is before launching on Steam. I am genuinely passionate about the gaming space though, so I think I come from a different perspective to you. I couldn't give a rats arse about Neo Tokyo and not sure why you keep focussing on an entity that's only got involved very recently and have nothing to do with the project direction, there are significantly larger players involved with Merit Circle/BEAM that have a far quieter profile and are here for long term gains.

Are potential 50-100x gains from the ATL low (or even still a decent 30-50x from here) at peak bull not large enough gains? Top 25 in peak bull, if BEAM can get there, should be life changing type gains even if you are just getting in now. Anyway, happy to revisit in 2025 and see how these predictions went! I want everyone that has stuck around during the bear to make life changing gains this next bull, regardless of what projects you choose to go with.

 

[BACCS]

What sort of price do you think it could hit next bull BACCS? I'm liking the look of it and hopefully it lists on Binance & Coinspot too

It's already on Binance mate, it was $MC's first major CEX listing in December 2021 and they just migrated to $BEAM early November. I doubt Coinspot will ever list it, but can also buy through Crypto.com and DEX's in Aus (not sure if MEXC or Bybit can be used in Aus, but if they can are also other larger CEX's that have $BEAM). I would just stick to Binance though, liquidity is highest on there.

As for a price prediction, if it can get to the heights of top 25 market cap at peak bull (maybe a $30-50B market cap), then $0.4-0.6 USD per $BEAM is possible (supply continues to decrease too with buybacks from investment gains and subsequent burns).

I personally believe that gaming and AI are the two major narratives during the bull, you can just get that sense through seeing what's driven conversation on Twitter and other social media platforms the last few months of the bear. Some privacy coins like $ATOR have also done very well recently, but just not sure that's a narrative that is ever driving a bull market.

 

[Shupe]

I still have MC (or BEAM) from the last cycle. It’s only 80% in the red. I’d say you’re still pretty significantly down as well Baccs? Although I’m assuming you’ve lowered your average buy price.


Sent from my iPad using Tapatalk

 

[chungi]

It's already on Binance mate, it was $MC's first major CEX listing in December 2021 and they just migrated to $BEAM early November. I doubt Coinspot will ever list it, but can also buy through Crypto.com and DEX's in Aus (not sure if MEXC or Bybit can be used in Aus, but if they can are also other larger CEX's that have $BEAM). I would just stick to Binance though, liquidity is highest on there.

As for a price prediction, if it can get to the heights of top 25 market cap at peak bull (maybe a $30-50B market cap), then $0.4-0.6 USD per $BEAM is possible (supply continues to decrease too with buybacks from investment gains and subsequent burns).

I personally believe that gaming and AI are the two major narratives during the bull, you can just get that sense through seeing what's driven conversation on Twitter and other social media platforms the last few months of the bear. Some privacy coins like $ATOR have also done very well recently, but just not sure that's a narrative that is ever driving a bull market.

Thanks for the detailed response mate. Great info and I'm on board, exciting times ahead.

 

[BACCS]

I still have MC (or BEAM) from the last cycle. It’s only 80% in the red. I’d say you’re still pretty significantly down as well Baccs? Although I’m assuming you’ve lowered your average buy price.


Sent from my iPad using Tapatalk

I'm a long way up. Staked until that finished and bought over 80% of my spot stack at what was the ATL (pure luck in that timing haha). Almost fully circulating now.

 

[LongBombFromOutside50]

So is everyone fully allocated already? evolved2 is it ape season yet?

I'm pretty much 70% allocated. QNT is my biggest holding and that hasn't started to move for me unfortunately. Testing my nerve seeing SOL get off to a flyer (given it was my biggest holding last cycle). Still early days though I know

 

[evolved2]

So is everyone fully allocated already? evolved2 is it ape season yet?

I'm pretty much 70% allocated. QNT is my biggest holding and that hasn't started to move for me unfortunately. Testing my nerve seeing SOL get off to a flyer (given it was my biggest holding last cycle). Still early days though I know

You're better at this than me.

I went heavy when BTC was under 20k and have been fully allocated (minus emergency funds) since around 20k. I'm expecting a dump to 30k or thereabouts, and that's where my emergency funds will get deployed. I give it a 6 month timeframe.

 

[evolved2]

50k->30k->80k->bear market

That's my prediction. I'll re-evaluate the top when new shitcoin spruikers frequent this thread.

 

[ash_1050]

One that's flown under the radar a bit on here exchange KyberSwap was hacked for nearly US$50 million and the hacker has put forward a first and final offer of settlement:

The amusing bit that brought it to my attention a friend of a friend who does white hat hacking reported this exact exploit to KyberSwap back in May and they totally ignored him, no bug bounty, no recognition and no fix. They'd be regretting that one now.

 

[burge13]

One that's flown under the radar a bit on here exchange KyberSwap was hacked for nearly US$50 million and the hacker has put forward a first and final offer of settlement:

The amusing bit that brought it to my attention a friend of a friend who does white hat hacking reported this exact exploit to KyberSwap back in May and they totally ignored him, no bug bounty, no recognition and no fix. They'd be regretting that one now.

Wish I was an employee there lol. Salary doubled or 12 months pay sounds alright, though I doubt that'd actually happen

 

[Yellow Feathers]

50k->30k->80k->bear market

That's my prediction. I'll re-evaluate the top when new shitcoin spruikers frequent this thread.

Can I have what you're smoking?

 

[Yellow Feathers]

This cycle is going to be the "big one". The institutional money is entering Bitcoin and it will no longer be a joke asset class. ETF likely to be approved.

It's highly likely someone already knows that the ETF is going to be approved and that's why we're seeing steady accumulation this early in the cycle.

 

[evolved2]

Can I have what you're smoking?

For predicting 2x from here and 5x from the bottom? It's reasonable and conservative based on past cycles afaic.

 

[evolved2]

Told you so in March.

 

[Yellow Feathers]

For predicting 2x from here and 5x from the bottom? It's reasonable and conservative based on past cycles afaic.

Because

• You are saying the peak of the cycle will be roughly the same as the last cycle. When has that ever happened?
• Not factoring institutional investment.
• Probably not factoring the macro environment. Inflation has peaked, we are risk on, market is forward looking.

 

[evolved2]

Because

Your issue is that I'm too conservative.

• You are saying the peak of the cycle will be roughly the same as the last cycle. When has that ever happened?

The gains are tapering off with each cycle. You'll probably end up being a bagholder if you expect 6 figures.

• Not factoring institutional investment.

Tesla and Microstrategy invested during the last cycle.

• Probably not factoring the macro environment. Inflation has peaked, we are risk on, market is forward looking.

The macro environment is already priced in.

Disagreement is fine. I'll sell my bags while you're waiting for higher. I hope you get what you want.

 

[Yellow Feathers]

Your issue is that I'm too conservative.

The gains are tapering off with each cycle. You'll probably end up being a bagholder if you expect 6 figures.

Tesla and Microstrategy invested during the last cycle.

The macro environment is already priced in.

Disagreement is fine. I'll sell my bags while you're waiting for higher. I hope you get what you want.

I will never end up bagholding. Made life changing money last cycle and will execute again. Was buying BTC below $20k.

 

[BACCS]

So is everyone fully allocated already? evolved2 is it ape season yet?

I'm pretty much 70% allocated. QNT is my biggest holding and that hasn't started to move for me unfortunately. Testing my nerve seeing SOL get off to a flyer (given it was my biggest holding last cycle). Still early days though I know

Yep, have been since I bought at the $MC lows in around July/August (except for moving some ETH into a few micro caps for shits and giggles). The current market is a bull for ants, still a lot of capital sitting on the sidelines and I expect we don't see a lot of that enter until post ETF/post halving (especially for alts). The blue line is the USD YoY liquidity delta for crypto (in %). 2024 is going to be a fun year I reckon!

 

[BACCS]

Oh, and expect plenty of volatile days where you see your altcoin holdings drop 20%, to then go up 50% the next day. Bull market volatility is off the charts and I’m here for it!

 

[LongBombFromOutside50]

Oh, and expect plenty of volatile days where you see your altcoin holdings drop 20%, to then go up 50% the next day. Bull market volatility is off the charts and I’m here for it!

My main holding thus far has pretty much been a $100 stablecoin for the past 6 months! Can always find something to complain about in this game.

 

[BACCS]

Partnership with the top VC in the space (who actually add strategic value to a project)


I’ve given you all enough warning, this is a potential top 20 large cap project in the making, hope you’ve got a bag for the ride!

Smart money make money (Nansen.ai is the app for this if anyone is interested, doesn’t come cheap though)

 

[Yellow Feathers]

The cycle top will be based on time and sentiment, not price.