MISC Crypto Crew (MCC) Vol.4: Bitcoin Wars Episode IV: Revenge of the Core

12-08-2017, 07:51 PM

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#9301

lukeaye
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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.

Originally Posted By FatalTragedy12⏩

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.

This is where I differ in opinion to most people. But I'm of the view this will do little to slow down the growth of BTC.

You need to remember that these are cash settled markets. No actual BTC is being bought unless you go to an exchange. This means more volume in the markets, and the exchanges are just as slow as they have always been. I think we will see similar levels of growth, you just won't get bitcoin going from 19k to 15k in the space of 5 minutes. That's not necessarily a bad thing and not really going to impact on somebody buying and holding BTC, which i assume most of us are.

It's virtually impossible to make profit trading BTC on the swings because if of it's exponential growth and the how slow the networks are, getting in and out quickly is they key to proper trading.

I really wouldn't worry about Futures on the CME slowing down growth of BTC. Only demand can do that, and I can only see that increasing come December 10, not decreasing.

BTC will be at least 30k USD by EOY (srs). And well into 100 - 200k end of next year.

12-08-2017, 07:53 PM

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#9302

TurkBrah
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Wasnt there some news in regards to REQ today? didnt seem to move the price

12-08-2017, 07:55 PM

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#9303

lukeaye
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Originally Posted By TurkBrah⏩

Wasnt there some news in regards to REQ today? didnt seem to move the price

https://blog.request.network/request...s-ef62fed295c0

12-08-2017, 07:57 PM

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#9304

wutbrah
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Originally Posted By TurkBrah⏩

Wasnt there some news in regards to REQ today? didnt seem to move the price

yeah they released some news today but nothing spectacular, market cap went down to 61-62m or so but it has stabilized at 70-73m for the past few hours
https://blog.request.network/request...s-ef62fed295c0

"First of all, we’re more than happy to announce that Request Colossus is about to be ready anytime now. We will release the first version of Request working with Ethereum on testnet within the next two weeks, before the next project update."

they didn't put a specific date when Colossus will be released to avoid pump n dumps but apparently it should be launched within the next 13 days.

12-08-2017, 07:58 PM

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#9305

FatalTragedy12
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Originally Posted By DavidL913⏩

what are good trading fundamentals?

I don't have them so I can't tell you. What I can say is you definitely don't want any gambler's fallacies influencing your decisions, that's probably the most common thing you see here.

"It went up so now it'll keep going up/go down", "It's gone up for years, so it'll never go down", "I should have gone in yesterday" etc. The market will save you from those decisions right now, but it won't if you're trading against experienced people.

Also, TA, chart pattern recognition etc. it would take years to be at a level where you can beat most novice traders. If you want to test yourself, go trade on FOREX markets where you're trading against hardened veterans who eat, sleep and dream this sh*t.

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12-08-2017, 07:58 PM

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#9306

jamalfudge
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Originally Posted By lukeaye⏩

This is where I differ in opinion to most people. But I'm of the view this will do little to slow down the growth of BTC.

You need to remember that these are cash settled markets. No actual BTC is being bought unless you go to an exchange. This means more volume in the markets, and the exchanges are just as slow as they have always been. I think we will see similar levels of growth, you just won't get bitcoin going from 19k to 15k in the space of 5 minutes. That's not necessarily a bad thing and not really going to impact on somebody buying and holding BTC, which i assume most of us are.

It's virtually impossible to make profit trading BTC on the swings because if of it's exponential growth and the how slow the networks are, getting in and out quickly is they key to proper trading.

I really wouldn't worry about Futures on the CME slowing down growth of BTC. Only demand can do that, and I can only see that increasing come December 10, not decreasing.

BTC will be at least 30k USD by EOY (srs). And well into 100 - 200k end of next year.

There's a fundamental flaw in crypto futures also. What happens if the target price hits on Saturday or Sunday, but is completely different when Wall Street opens Monday?

Nicholascagelaughing.bmp

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12-08-2017, 07:59 PM

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#9307

liftersize
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Originally Posted By .aeterna⏩

Bought in on LTC @ $50 also, placing a limit order to sell soon. Dem gains

that's where I bought too, but just going to hold because market is irrational and think more gains could be had. Only have 17 ltc but figure might as well let it ride.

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12-08-2017, 08:09 PM

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#9308

Silencespeaks
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12-08-2017, 08:27 PM

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#9309

TurkBrah
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asia pumpin iota

12-08-2017, 08:29 PM

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#9310

wickedman
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Glad I at least got to add to my IOTA a little bit before the network became a **** show.

#FreeCryptoBandit

12-08-2017, 08:30 PM

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#9311

SKBeast
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iota gains hnnnngngg

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12-08-2017, 08:32 PM

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#9312

gixxer0.6g
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I can't decide if I should hold btc overnight. It's feeling like it's running out of steam and I don't want to be in it on Sunday unless it starts pumping.

What's IOTA on bitfinex? I'm showing 308 right at $5 9n binance

Toxic Masculinity

12-08-2017, 08:34 PM

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#9313

SKBeast
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Originally Posted By gixxer0.6g⏩

I can't decide if I should hold btc overnight. It's feeling like it's running out of steam and I don't want to be in it on Sunday unless it starts pumping.

you called it right on cue boss

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12-08-2017, 08:36 PM

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#9314

Luc1fer

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Ask yourself this: will IOTA maintain that market cap after all the news and hype dies down.

𝕮𝖍𝖆𝖘𝖊 𝖆 𝖈𝖍𝖊𝖈𝕶, 𝖓𝖊𝖛𝖊𝖗 𝖈𝖍𝖆𝖘𝖊 𝖆 𝖇𝖎𝖙𝖈𝖍

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12-08-2017, 08:37 PM

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#9315

DavidL913
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Originally Posted By Luc1fer⏩

Ask yourself this: will IOTA maintain that market cap after all the news and hype dies down.

It's been in the top 20/100 for a while. probably see a greater pullback

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12-08-2017, 08:37 PM

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#9316

Enragingboner
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Originally Posted By Luc1fer⏩

Ask yourself this: will IOTA maintain that market cap after all the news and hype dies down.

fck no it won't. Think I am selling at 6 or 7 dollars then I am out until after Sunday

12-08-2017, 08:39 PM

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#9317

wickedman
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Originally Posted By Luc1fer⏩

Ask yourself this: will IOTA maintain that market cap after all the news and hype dies down.

Think that's true of any coin besides BTC.

#FreeCryptoBandit

12-08-2017, 08:40 PM

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#9318

gixxer0.6g
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Originally Posted By Luc1fer⏩

Ask yourself this: will IOTA maintain that market cap after all the news and hype dies down.

I think the hype dying is going to take a while. Thryve got a lot of things coming down the road. And if tangle turns out to be what it says it can do it will moon

Toxic Masculinity

12-08-2017, 08:41 PM

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#9319

Workout4ever

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we should've all listened to that NEM bro on here

do u even nem bro

+137%

12-08-2017, 08:41 PM

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#9320

SKBeast
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Originally Posted By Enragingboner⏩

fck no it won't. Think I am selling at 6 or 7 dollars then I am out until after Sunday

Anyone else planning on pulling out everything until after Sunday?

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12-08-2017, 08:41 PM

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#9321

Witrebel
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Originally Posted By Luc1fer⏩

Ask yourself this: will IOTA maintain that market cap after all the news and hype dies down.

Originally Posted By Enragingboner⏩

fck no it won't. Think I am selling at 6 or 7 dollars then I am out until after Sunday

I see two possibilities, we make it to $6-7 dollars, don't overtake BCH for number 3, and corrects back to $1.50-$2, at which point you have an opportunity just like when BTC went $1000 to $300 after Mt Gox. You want to be accumulating IOTA under $2 in STACKS.

Option 2: We make it up to $8 or so, and it gets spot number 3. With that kind of attention, its big leagues or bust, an it will stay 10B plus market cap forever or implode.

We are all gunna make it

12-08-2017, 08:42 PM

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#9322

notJamal
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Australian stock exchange going to adopt blockchain technology. That's huge and I just hope loopring can be a part of this, soon as I get off work I'm going to spam this in the ******** to get their asses in Australia hustling for that.

12-08-2017, 08:43 PM

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#9323

Luc1fer

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Originally Posted By wickedman⏩

Think that's true of any coin besides BTC.

ETH is very solid even out of the limelight.

Originally Posted By gixxer0.6g⏩

I think the hype dying is going to take a while. Thryve got a lot of things coming down the road. And if tangle turns out to be what it says it can do it will moon

I could see it taking a while, it may even 2-3x in cap before correcting, and still end up $5+, that’s the question. A short term entry on hype/news is usually profitable - there was plenty of time to enter <$3