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Forum » More General Categories » Education/Career/Finance » MISC Crypto Crew (MCC) Vol.4: Bitcoin Wars Episode IV: Revenge of the Core
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Thread: MISC Crypto Crew (MCC) Vol.4: Bitcoin Wars Episode IV: Revenge of the Core

post 1536958721 12-08-2017, 07:01 PM
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#9271
  1. TruKnight
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Originally Posted By Parkerscott⏩
Im waiting eagerly for this crash, but recovery could be much different. Maybe the blue chips wont recover like we expect them to.
I figure at some point crypto will have deep and long recession like it did from 15-16, which will give us a much needed accumulation period at discount prices so the next time around the misc will have more than one crypto multimillionaire.
post 1536958791 12-08-2017, 07:02 PM
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Originally Posted By jamalfudge⏩
Early adoption would include platforms for use, and seeing it as a payment option or the ability to take your paycheck in crypto, buy a house, etc.
I guess we need to differentiate between investor and adopter. We're "early" adopters, because nothing has really materialized. But BTC is mainstream now, so we are no longer early investors, of BTC anyway. In terms of overall cryptomarket, I think we are early investors.
post 1536958881 12-08-2017, 07:03 PM
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Originally Posted By KillahJon⏩
I guess we need to differentiate between investor and adopter. We're "early" adopters, because nothing has really materialized. But BTC is mainstream now, so we are no longer early investors, of BTC anyway.
Well, when you look at the total money in crypto it's still an infant compared to other main forms of investment. btc is definitely in the process of smashing into the mainstream but the mainstream money levels haven't shown yet.
**MFC**
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post 1536959161 12-08-2017, 07:07 PM
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anyone wanna throw in predictions for futures market on Sunday?
post 1536959211 12-08-2017, 07:07 PM
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#9275
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Originally Posted By TruKnight⏩
I figure at some point crypto will have deep and long recession like it did from 15-16, which will give us a much needed accumulation period at discount prices so the next time around the misc will have more than one crypto multimillionaire.
That accumulation period will be boring as hell, but oh lawdy if it takes off again and you have the hot coin.
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post 1536959261 12-08-2017, 07:08 PM
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#9276
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Add to that, in real life hardly anybody knows wtf bitcoin is.
#
post 1536959371 12-08-2017, 07:09 PM
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#9277
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Originally Posted By KillahJon⏩
I guess we need to differentiate between investor and adopter. We're "early" adopters, because nothing has really materialized. But BTC is mainstream now, so we are no longer early investors, of BTC anyway. In terms of overall cryptomarket, I think we are early investors.
I agree with you.

Also, the way I see it: None of this is about bitcoin. Bitcoin is the door. What is bitcoin good for? Storage of value, but what value? Do we need it as storage of value? I see it as only means to acquire alts, alts that promise infinite possibilities AND quick profits thanks to media exposure. Its just a catalyst and a good one because as someone who missed being an investor but an early adopter, it generates endless opportunities for us.
post 1536959511 12-08-2017, 07:11 PM
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post 1536959701 12-08-2017, 07:14 PM
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#9279
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Originally Posted By TurkBrah⏩
I agree with you.

Also, the way I see it: None of this is about bitcoin. Bitcoin is the door. What is bitcoin good for? Storage of value, but what value? Do we need it as storage of value? I see it as only means to acquire alts, alts that promise infinite possibilities AND quick profits thanks to media exposure. Its just a catalyst and a good one because as someone who missed being an investor but an early adopter, it generates endless opportunities for us.
A lot of people aren't in it for the money. Bitcoin is also fueled by an ideology, that one unknown guy (Satoshi) changed the way we have looked at currency since the dawn of man. You now really own your money and you are free to spend it as you please. Nobody can take it away from you (unless they acquire your private key). I've always been drawn to that aspect of it. That's why when Bitcoin hits 19.5K etc., it's a mixture of emotions for me including disappointment at what Bitcoin has now become (a figure of wealth and excess, essentially, a bank).
*Misc Surgeon*--*Admin neg survivor*

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post 1536959751 12-08-2017, 07:15 PM
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#9280
  1. MiamiLife305
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Originally Posted By FatalTragedy12⏩
A lot of people aren't in it for the money. Bitcoin is also fueled by an ideology, that one unknown guy (Satoshi) changed the entire way we have looked at currency since the dawn of man. You now really own your money and you are free to spend it as you please. Nobody can take it away from you (unless they acquire your private key). I've always been drawn to that aspect of it. That's why when Bitcoin hits 19.5K, it's a mixture of emotions, including disappointment at what Bitcoin has now become.
Never thought of it that way
Future P.A in progress
We're all gonna make it

sleep tight pupper
post 1536960011 12-08-2017, 07:18 PM
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#9281
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Originally Posted By FatalTragedy12⏩
A lot of people aren't in it for the money. Bitcoin is also fueled by an ideology, that one unknown guy (Satoshi) changed the way we have looked at currency since the dawn of man. You now really own your money and you are free to spend it as you please. Nobody can take it away from you (unless they acquire your private key). I've always been drawn to that aspect of it. That's why when Bitcoin hits 19.5K etc., it's a mixture of emotions for me including disappointment at what Bitcoin has now become (a figure of wealth and excess, essentially, a bank).
Feels good to be your own bank holding all kinds of different monies.
***Los Angeles MISC Crew***

***Misc Crypto Crew***
post 1536960091 12-08-2017, 07:20 PM
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#9282
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Buying ltc ath $80 september finally paying off.
post 1536960151 12-08-2017, 07:20 PM
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#9283
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Whelp I give up, hopefully OMG moons and IOTA crashes in the meantime, lol at how pathetic these networks are - testament to how useless so many of these projects are atm.
#FreeCryptoBandit
post 1536960241 12-08-2017, 07:21 PM
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#9284
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Post deleted by user
post 1536960401 12-08-2017, 07:24 PM
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#9285
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Originally Posted By wickedman⏩
Whelp I give up, hopefully OMG moons and IOTA crashes in the meantime, lol at how pathetic these networks are - testament to how useless so many of these projects are atm.
OMG won't moon until next year

But when it does - ohhhhhh lordy - we just saw NEM go 100% + in what like an hour lol. And that was on the back of amazing news

Jun tweeted a screenshot of the login screen for the SDK wallet a few days ago, staking is on it's way
Natty poverty maintenance crew

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post 1536960431 12-08-2017, 07:25 PM
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#9286
  1. untouchabledfx
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Originally Posted By inb4everything⏩
Buying ltc ath $80 september finally paying off.
Buying LTC at 55 and 65 paying off now!
*Misc Cologne Crew*
*MISC POLISH CREW*
post 1536960461 12-08-2017, 07:25 PM
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#9287
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Originally Posted By Silencespeaks⏩
I'm worried. This is the first time that I've felt worried since I started. Not only because I have more invested but because I want to keep doing this and making money.

So I'm worried about a crash but also about futures stabilizing the price so you can't really make money off it anymore. If there's a crash I'll buy more but if futures eventually just stabilize the price like gold or stocks etc that would suck.
It's inevitable as crypto becomes mainstream. Time to get in was a year ago at the very least. Definitely dont quit your day job for this because it won't last.
post 1536960631 12-08-2017, 07:28 PM
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#9288
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Originally Posted By Silencespeaks⏩
I'm worried. This is the first time that I've felt worried since I started. Not only because I have more invested but because I want to keep doing this and making money.

So I'm worried about a crash but also about futures stabilizing the price so you can't really make money off it anymore. If there's a crash I'll buy more but if futures eventually just stabilize the price like gold or stocks etc that would suck.
Not to discourage you, but the only reason you/a lot of people are probably making money right now is because (a) it's a bull market (b) the market is inundated by mom and pop type individuals who don't have a clue (c) BTC/Alts are speculatively rising at an alarming rate

Once any of these conditions falls, it will be a lot harder to make any money unless you actually learn and develop the fundamentals of trading. If you don't believe me, try trading on the FOREX market for a few days.
*Misc Surgeon*--*Admin neg survivor*

Don't have $100 squat shoes and a 10 cent squat - Louie Simmons
You go looking for the Shaolin temple, the Shaolin temple doesn't go looking for you - Louie Simmons
post 1536960891 12-08-2017, 07:31 PM
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#9289
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LTC 146 on CB... This is madness
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post 1536960931 12-08-2017, 07:33 PM
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#9290
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Originally Posted By untouchabledfx⏩
LTC 146 on CB... This is madness
only(fastest) way to move money lol
post 1536960981 12-08-2017, 07:33 PM
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#9291
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Originally Posted By Parkerscott⏩
That accumulation period will be boring as hell, but oh lawdy if it takes off again and you have the hot coin.
all the old time traders ive heard say all they did was buy up the unloved assets and just wait until they were loved again and then boom, profit. its why I dabble i the precious metals markets while all of this is going on, because no one wants gold right now, they all want cryptos, and the herd is always wrong. you know the misc used to have a pm thread that was very active when silver was in the 30-40 range but it died off as the price went lower. this bull market does feel a bit long in the tooth, but irrational exuberance tends to go on for longer than we think it will before it goes pop.
post 1536961051 12-08-2017, 07:34 PM
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#9292
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Originally Posted By untouchabledfx⏩
LTC 146 on CB... This is madness
lol thank god I jumped in at 132

Still fuking regret not doing it yesterday
Future P.A in progress
We're all gonna make it

sleep tight pupper
post 1536961101 12-08-2017, 07:35 PM
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#9293
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post 1536961271 12-08-2017, 07:37 PM
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#9294
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Originally Posted By Silencespeaks⏩
Oh yeah I know. I only made money because BTC rose so fast. Not from any skill or anything.
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#
post 1536961341 12-08-2017, 07:38 PM
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#9295
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Originally Posted By Silencespeaks⏩
I'm worried. This is the first time that I've felt worried since I started. Not only because I have more invested but because I want to keep doing this and making money.

So I'm worried about a crash but also about futures stabilizing the price so you can't really make money off it anymore. If there's a crash I'll buy more but if futures eventually just stabilize the price like gold or stocks etc that would suck.
wouldn't btc stabilizing be a good thing for alts?

alts always rise when btc is at a stable price
post 1536961371 12-08-2017, 07:39 PM
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Originally Posted By MiamiLife305⏩
lol thank god I jumped in at 132

Still fuking regret not doing it yesterday
Don't worry man, one thing that's essential (and very difficult to do due to the nature of our brains) is to look at your decisions repeated over infinity. Would it still be profitable?

In all likelihood, going into LTC at 132 over infinity is likely to be a bad choice, as a surge was unlikely (unless you had a tip or knowledge of something that would cause it).

That's one life lesson playing poker has taught me that I'll never forget. Your brain wants to believe that if something happens, it will happen again - because in real life, it can protect you from dangerous situations by pattern recognition.
Originally Posted By Silencespeaks⏩
Oh yeah I know. I only made money because BTC rose so fast. Not from any skill or anything.
You're smart to go in, you're skilled to stay in. It's just don't expect this to be a cash cow for life, because it probably won't be this easy without having good trading fundamentals.
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post 1536962041 12-08-2017, 07:48 PM
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#9297
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post 1536962061 12-08-2017, 07:48 PM
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#9298
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Originally Posted By MiamiLife305⏩
lol thank god I jumped in at 132

Still fuking regret not doing it yesterday
ltc is high right now because btc and eth are clogged. I wouldn't go too crazy on ltc cause it will go down if eth fixes it's network congestion.
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post 1536962091 12-08-2017, 07:49 PM
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#9299
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Bought in on LTC @ $50 also, placing a limit order to sell soon. Dem gains
post 1536962111 12-08-2017, 07:49 PM
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#9300
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Originally Posted By FatalTragedy12⏩
Don't worry man, one thing that's essential (and very difficult to do due to the nature of our brains) is to look at your decisions repeated over infinity. Would it still be profitable?

In all likelihood, going into LTC at 132 over infinity is likely to be a bad choice, as a surge was unlikely (unless you had a tip or knowledge of something that would cause it).

That's one life lesson playing poker has taught me that I'll never forget. Your brain wants to believe that if something happens, it will happen again - because in real life, it can protect you from dangerous situations by pattern recognition.



You're smart to go in, you're skilled to stay in. It's just don't expect this to be a cash cow for life, because it probably won't be this easy without having good trading fundamentals.
what are good trading fundamentals?
***Los Angeles MISC Crew***

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