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Forum » MISC Crypto Crew (MCC) Vol 9: At first I was like lambooo and then I was like lamooo
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Thread: MISC Crypto Crew (MCC) Vol 9: At first I was like lambooo and then I was like lamooo

post 1542392011 01-31-2018, 09:21 AM
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#8281
  1. mgftp
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Originally Posted By jinda628⏩
It looks great right? But I look at it like BTC is dying faster than the ETH dipping so the sats are increasing lol.

But seriously, yes, thats the main reason why I'm down on USD and up on BTC value.
Anyone who is diversified should be up big time in sats right now, but that means jack chit if you wanna cash out and do something with the funds as sats could be worth half as much as they were when you pulled FIAT into the market.
post 1542392051 01-31-2018, 09:21 AM
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I havent looked into it.. Just thinking..

Everything ive read said wall street wanted btc lower. As soon as they get in weve dropped 50%

No idea what bottom would be for them but 5k seems a good #. Anything below that seems paychological tortue and will turn people off crypto (that were in it at least)

Then youve got this supposed yearly market dip in january which makes me feel better and like it will rebound like old

But im not sure if wall street is controlling btc well ever see that volatility again
post 1542392061 01-31-2018, 09:21 AM
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Lmao at sats cope

Just lol if you haven’t been measuring in USD the whole time
$0 or $1 million crypto crew
Ex-OMG crew
post 1542392091 01-31-2018, 09:21 AM
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#8284
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Can someone explain why BTC pairs are almost always up higher in % than ETH pairs?

On Bittrex

BTC/NEO = -1.6% ETH/NEO = -4.1%
BTC/XLM = +5.8% ETH/XLM = +3.2%
Etc
Etc

That's why I have never done a ETH pair. BTC pair seems to always out perform ETH pairs.

Granted I could be missing something obvious.
post 1542392181 01-31-2018, 09:22 AM
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#8285
  1. ccounts54
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Who was the brah that made a de facto ETF with the top 100 CMC coins a few months back? Autumnal? I would be interested to see if that blended out enough to offset some of the heavier bleeders, or if the red was a pretty consistent range across all coins.
-=[$]MISC. FINANCE CREW[$]=-
post 1542392531 01-31-2018, 09:27 AM
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#8286
  1. mgftp
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Originally Posted By MuckSnapper⏩
You clearly still know nothing of how this market currently works.



This is exactly like assuming VEN was the new store of value bc its USD value increased while BTC tanked. Look where it is now. Still measured in SATs. Yes obviously ETH vs VEN is different because trading pairs and notoriety sure but one small ETH take off while BTC drops doesn't mean boom that's it, we're measuring all ETH in USD now. It needs to become thestore of value first.Possible? Yes. Happened? no.



and you know what the difference between you and I clearly is? When I didn't know how tether worked, I humbly inquired. That's how you learn. It doesn't make me feel dumb that you are literally making fun of the fact that I know when to ask questions to increase my own knowledge base.



I hope when all this is said and done we'll still be brahs, but I think we should just ignore each other for a bit and let the dust settle.





I don't doubt your methods brother.



I think considering both can be important.
Ha, you can't even be serious, that's all I can say, your thought process is so contradictory and you don't even see it, ffs, stay angry though, and safe, pls.
post 1542392651 01-31-2018, 09:29 AM
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#8287
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Originally Posted By brbacquiring⏩
autumnal must be ****ting himself at this xrb on kucoin
sigh. I went all in at 126-150 yesterday then sold 2k XRB at 148 wanting to buy lower...kept a bit and sold all that at 166 earlier right before it mooned again. Went all in on OCN around 480-500 and it dropped 25% while XRB went up 25%. 20k USD mistake, I'm pretty fkin salty man. Big news as obviously coming, looks like they went ahead and announced their rebrand. Goddammit man, I feel like an idiot. I've been shilling it for months and couldn't hold on for one more day
Originally Posted By ccounts54⏩
Who was the brah that made a de facto ETF with the top 100 CMC coins a few months back? Autumnal? I would be interested to see if that blended out enough to offset some of the heavier bleeders, or if the red was a pretty consistent range across all coins.
not me
post 1542392671 01-31-2018, 09:29 AM
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Used to be 3 pages arguing about TA. Now it's 3 pages arguing about SATs, lmao.

anyway.....damnnn XRB fukin killin it
post 1542392681 01-31-2018, 09:29 AM
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#8289
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Originally Posted By mgftp⏩
Ha, you can't even be serious, that's all I can say, your thought process is so contradictory and you don't even see it, ffs, stay angry though, and safe, pls.
Strong argument.
There is no thing without nothing.

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post 1542393201 01-31-2018, 09:35 AM
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#8290
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Originally Posted By juvefan⏩
Lmao at sats cope

Just lol if you haven’t been measuring in USD the whole time
At least we've finally closed that argument.


Only china can save us now. It's all in your tiny hands. US brahs have reached buyer's exhaustion and we desperately need an asian pump. If not, I think we're going to find new lows today.
Toxic Masculinity
post 1542393261 01-31-2018, 09:35 AM
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#8291
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Originally Posted By MuckSnapper⏩
Strong argument.
I am not about to spend the time to explain to a guy who has so far just gotten angry and insulted me when even just reading surface concepts. Its pretty clear to me you aren't as open to learning as you claim to be, like your Tether example. I am not here to argue man, sorry.
post 1542393331 01-31-2018, 09:36 AM
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#8292
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Originally Posted By MuckSnapper⏩
I'd have to actually study and care about the USD chart.

Which I won't do untilETH is confirmed the new store of value.
I dont really see how being astore of valuewill help BTC's longevity.
At least for me, it doesn't mean anything. It is a store of value now being the 1st one and the biggest cap. But it actually ends there.

I think the main factor is adaptability, usability and scalability. And BTC being the oldest tech has a lot more to do to keep up with new platforms. That should be the driving factor for BTC than just being a store of value to last.

ETH has been processing transactions based on (24Hrs volume) more than 3x that of BTC for a while now.


Actually as of today, XRP has been processing the highest txns which is kind of surprising.
I didn't include it in the graph but they have about 979k 24hr txns to date.

So the point is, more and more platforms, dApps are being developed under the ETH platform and if that goes on, it will increase the txns more and will just increase ETH's value.
So even if BTC stays as the store of value, it doesn't really matter if their prices are as unstable as this.

I'm not a market analyst and I dont think you need to be one for this. This is just plain supply and demand for now.
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post 1542393401 01-31-2018, 09:38 AM
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#8293
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Originally Posted By Autumnal⏩
sigh. I went all in at 126-150 yesterday then sold 2k XRB at 148 wanting to buy lower...kept a bit and sold all that at 166 earlier right before it mooned again. Went all in on OCN around 480-500 and it dropped 25% while XRB went up 25%. 20k USD mistake, I'm pretty fkin salty man. Big news as obviously coming, looks like they went ahead and announced their rebrand. Goddammit man, I feel like an idiot. I've been shilling it for months and couldn't hold on for one more day
lamo, dw. I sold my 1500 or so at like 110, lamo. Can't remember where I got in, though, maybe 80.

Where do you reckon this pump is taking it? Rebrands are usually bad news, as are new exchanges, right? Binance is right around the corner, I'm guessing.
Could have been a slayer.
post 1542393411 01-31-2018, 09:38 AM
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#8294
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Originally Posted By mgftp⏩
I am not about to spend the time to explain to a guy who has so far just gotten angry and insulted me when even just reading surface concepts. Its pretty clear to me you aren't as open to learning as you claim to be, like your Tether example. I am not here to argue man, sorry.
But you need to make an actual rebuttal.. like I have.


I'm very, very open to hearing arguments other than "It's clearly more important for USD now!" with no backing in logic or sources.


If I end up being wrong, then I'm sure to be right. If someone wants to step in for you and actually defend your 'point', then I'd be happy to hear it.


In fact I'm messaging a few people now to discuss it more.
Originally Posted By jinda628⏩
I dont really see how being astore of valuewill help BTC's longevity.
At least for me, it doesn't mean anything. It is a store of value now being the 1st one and the biggest cap. But it actually ends there.

I think the main factor is adaptability, usability and scalability. And BTC being the oldest tech has a lot more to do to keep up with new platforms. That should be the driving factor for BTC than just being a store of value to last.

ETH has been processing transactions based on (24Hrs volume) more than 3x that of BTC for a while now.


Actually as of today, XRP has been processing the highest txns which is kind of surprising.
I didn't include it in the graph but they have about 979k 24hr txns to date.

So the point is, more and more platforms, dApps are being developed under the ETH platform and if that goes on, it will increase the txns more and will just increase ETH's value.
So even if BTC stays as the store of value, it doesn't really matter if their prices are as unstable as this.

I'm not a market analyst and I dont think you need to be one for this. This is just plain supply and demand for now.
You raise good points, but my first and foremost argument is that we are still in a highly speculative argument. Therefore, BTC still acts as "digital gold" and the backing for this market, as that is in fact it's intended use. It's like wanting to invest in new technologies and going to the bank to find out you've run out of gold. As long as its the store of value, it's still acts as the backing of any currency going into the investment of any technology.


However, I still like what you're saying, and will deeply consider as I could see more of a flippening happening - but as pseudo investors so to speak, we must still adhere to the current highest market cap and store of value, which is BTC.
There is no thing without nothing.

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post 1542393431 01-31-2018, 09:38 AM
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#8295
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Originally Posted By juvefan⏩
Lmao at sats cope

Just lol if you haven’t been measuring in USD the whole time
this lol
Originally Posted By Berts⏩
Can someone explain why BTC pairs are almost always up higher in % than ETH pairs?

On Bittrex

BTC/NEO = -1.6% ETH/NEO = -4.1%
BTC/XLM = +5.8% ETH/XLM = +3.2%
Etc
Etc

That's why I have never done a ETH pair. BTC pair seems to always out perform ETH pairs.

Granted I could be missing something obvious.
firstly, you have your pairs backwards, e.g. they should be XLM/BTC and XLM/ETH rather than BTC/XLM and ETH/XLM; in a hypothetical XXX/YYY pair, you are measuring the STRENGTH of XXX AGAINST the STRENGTH of YYY

this is very important, and why it's hilarious that people are measuring their portfolios in sats when BTC has been dying a slow death for months

your XXX/BTC pairs APPEAR to be doing better, because you're measuring the strength of XXX against a weakening BTC rather than against ETH which has held it's value quite well comparatively

think about the ratios like this: if XLM/ETH is green, then you've been better off holding XLM over ETH; but if XLM/ETH is red, then this was a poor trade because you should've just held onto your ETH instead

this is a very fundamental aspect to markets and you should make sure you understand this moving forward; in fact, it is the very basis to forex, e.g. in USD/JPY you are measuring the strength of the US dollar to that of the japanese yen
post 1542393521 01-31-2018, 09:38 AM
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#8296
  1. Hamzzza
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Originally Posted By Autumnal⏩
sigh. I went all in at 126-150 yesterday then sold 2k XRB at 148 wanting to buy lower...kept a bit and sold all that at 166 earlier right before it mooned again. Went all in on OCN around 480-500 and it dropped 25% while XRB went up 25%. 20k USD mistake, I'm pretty fkin salty man. Big news as obviously coming, looks like they went ahead and announced their rebrand. Goddammit man, I feel like an idiot. I've been shilling it for months and couldn't hold on for one more day



not me
looks like we made the same mistake

brb it's pushing through 200.000 any minute now
post 1542393611 01-31-2018, 09:39 AM
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#8297
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Originally Posted By brbacquiring⏩
lamo, dw. I sold my 1500 or so at like 110, lamo. Can't remember where I got in, though, maybe 80.

Where do you reckon this pump is taking it? Rebrands are usually bad news, as are new exchanges, right? Binance is right around the corner, I'm guessing.
What? Rebrands are good news. No idea if it's going to keep going up but I'm just fcking pissed srs. I'm sure it'll come back to earth but what a missed profit opportunity. How much have I shilled XRB and I sold off so much right before it goes up 30%. I mean **** I was accumulating for months and as of now have 0 in my trading stack. **** sucks man
post 1542393691 01-31-2018, 09:40 AM
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#8298
  1. mgftp
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Originally Posted By jinda628⏩
I dont really see how being astore of valuewill help BTC's longevity.
At least for me, it doesn't mean anything. It is a store of value now being the 1st one and the biggest cap. But it actually ends there.

I think the main factor is adaptability, usability and scalability. And BTC being the oldest tech has a lot more to do to keep up with new platforms. That should be the driving factor for BTC than just being a store of value to last.

ETH has been processing transactions based on (24Hrs volume) more than 3x that of BTC for a while now.


Actually as of today, XRP has been processing the highest txns which is kind of surprising.
I didn't include it in the graph but they have about 979k 24hr txns to date.

So the point is, more and more platforms, dApps are being developed under the ETH platform and if that goes on, it will increase the txns more and will just increase ETH's value.
So even if BTC stays as the store of value, it doesn't really matter if their prices are as unstable as this.

I'm not a market analyst and I dont think you need to be one for this. This is just plain supply and demand for now.
A true store of value also doesn't lose 50% of it's value in the blink of an eye. Just because traders and long term holders want to call it something, doesn't make it that something. In reality we are probably a long way off from any crypto being a true store of value like a precious metal.
post 1542393731 01-31-2018, 09:40 AM
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#8299
  1. jinda628
  2. Lol ty.
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Originally Posted By mgftp⏩
Anyone who is diversified should be up big time in sats right now, but that means jack chit if you wanna cash out and do something with the funds as sats could be worth half as much as they were when you pulled FIAT into the market.
Yeah I understand that. I'm sure most of us are actually like at least more than 5x our current BTC value back in November.
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post 1542393801 01-31-2018, 09:41 AM
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#8300
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Originally Posted By brbacquiring⏩
lamo, dw. I sold my 1500 or so at like 110, lamo. Can't remember where I got in, though, maybe 80.

Where do you reckon this pump is taking it? Rebrands are usually bad news, as are new exchanges, right? Binance is right around the corner, I'm guessing.
all the coins that got listed on binance recently saw a pretty big jump initially but retraced back to like +5-10% on average...kind of like ICO's
post 1542393911 01-31-2018, 09:42 AM
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Originally Posted By Autumnal⏩
What? Rebrands are good news. No idea if it's going to keep going up but I'm just fcking pissed srs. How much have I shilled XRB and I sold off so much right before it goes up 30%. ugh
no news is good news in cripptoe
Could have been a slayer.
post 1542394041 01-31-2018, 09:43 AM
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Measuring gains vs btc is beyond retarded. Its all about the dollar value. The only time to measure gains vs sats is if btc is pumping because its a way to see if you are trading badly.

If btc is pumping and you go up in dollar but down in sats this means you wouldve been better off just holding btc because your overall dollar value would have been higher had you done so.

If btc is dumping and you go up in sats but down in dollars this means you wouldve been better off selling everything to fiat because your overall dollar value would have been higher had you done so.

This is the only way to measure and anything else is pure delusion and cope.
Fork the world up
post 1542394091 01-31-2018, 09:43 AM
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Originally Posted By brbacquiring⏩
no news is good news in cripptoe
heading back down but who knows what it'll stabilize at. Don't feel like I'll be able to rebuy XRB sub 150 ever again fuark. Might just need to take a break from crypto and wait until this OCN bags moon one day.
post 1542394171 01-31-2018, 09:44 AM
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#8304
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Originally Posted By curtainbrah⏩
Measuring gains vs btc is beyond retarded. Its all about the dollar value. The only time to measure gains vs sats is if btc is pumping because its a way to see if you are trading badly.

If btc is pumping and you go up in dollar but down in sats this means you wouldve been better off just holding btc because your overall dollar value would have been higher had you done so.

If btc is dumping and you go up in sats but down in dollars this means you wouldve been better off selling everything to fiat because your overall dollar value would have been higher had you done so.

This is the only way to measure and anything else is delusion and cope.
Name one coin that has consistently gone up in USD value while BTC has continued to tank.



One coin, and I will agree with you.
There is no thing without nothing.

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post 1542394251 01-31-2018, 09:45 AM
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Originally Posted By MuckSnapper⏩
But you need to make an actual rebuttal.. like I have.


I'm very, very open to hearing arguments other than "It's clearly more important for USD now!" with no backing in logic or sources.


If I end up being wrong, then I'm sure to be right. If someone wants to step in for you and actually defend your 'point', then I'd be happy to hear it.


In fact I'm messaging a few people now to discuss it more.
Everyone can measure against anything they want. It's not like one thing is right or wrong. If you want to measure SAT, then measure in SAT. If you want to measure in USD, measure in USD. If you are day trading with BTC pair, then it's easier to use SATs since that's ratio being tracked.
Not everyone believes BTC is "king" or the "store of value". BTC is only a "store of value" because it failed as a currency.

If you want to cash out in a year, will you set a fiat target(10mil USD), or BTC target?
post 1542394281 01-31-2018, 09:45 AM
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Where is lucifer when you need him oh lord
There is no thing without nothing.

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post 1542394321 01-31-2018, 09:46 AM
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Originally Posted By MuckSnapper⏩
Name one coin that has consistently gone up in USD value while BTC has continued to tank.



One coin, and I will agree with you.
Who says you need to hold one coin consistently? All that matters is if your portfolio is going up in dollars overall OPTIMALLY.
Fork the world up
post 1542394391 01-31-2018, 09:47 AM
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#8308
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Originally Posted By curtainbrah⏩
Who says you need to hold one coin consistently? All that matters is if your portfolio is going up in dollars overall OPTIMALLY.
Which is a reflection of what?
There is no thing without nothing.

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post 1542394611 01-31-2018, 09:49 AM
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guys, guys, stop arguing. Sats or dollars, who cares - we can all agree that TA is worthless, right?
Could have been a slayer.
post 1542394671 01-31-2018, 09:50 AM
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#8310
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Originally Posted By curtainbrah⏩
Who says you need to hold one coin consistently? All that matters is if your portfolio is going up in dollars overall OPTIMALLY.
Agreed. People in this thread seem to forget about the most important thing in investing; preserving and protecting capital. A day without gains is always better than a day in the red.
Toxic Masculinity
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