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MISC Crypto Crew (MCC) Vol: XIII: Money printer goes brrrrrr, But Bitcoin doesnt
12-22-2020, 05:17 PM
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#1951
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Originally Posted By jamalfudge⏩
I dunno man. Coinbase recently filed for an IPO. In the long run legitimacy is probably more important to them than 10%ish of their current trading volume but who can really say for sure.Stronger chance a mask stops a coronavirus than XRP delisting on CB.
12-22-2020, 05:30 PM
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#1952
Originally Posted By Serenadium⏩
Not selling after news. Why do you believe the current situation isnโt priced in? Itโs already dipped 20% relative to BTC.There is a very strong chance coinbase delists. You may want to sell.
๐ฎ๐๐๐๐ ๐ ๐๐๐๐๐ถ, ๐๐๐๐๐ ๐๐๐๐๐ ๐ ๐๐๐๐๐
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12-22-2020, 06:14 PM
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#1953
12-22-2020, 06:45 PM
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#1954
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Originally Posted By Luc1fer⏩
Things in crypto aren't properly priced in. Some people are also betting it won't be delisted.Not selling after news. Why do you believe the current situation isnโt priced in? Itโs already dipped 20% relative to BTC.
If Coinbase delists, Binance (US), Kraken, Bitfinex are likely to follow. The on-going dumping from Mcaleb + the ripple foundation will continue with no new buyers from the most significant payment rails. That to me is the infinite downside that isn't worth risking.
This guy sums it up well:
.
My gut feel is that there is a 25% chance it is delisted from major US exchanges, that is far too big of a risk for me to have any position in. Your money though, do as you wish (no backsies if it moons irrationally).
12-22-2020, 06:47 PM
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#1955
Originally Posted By Serenadium⏩
What do you mean by "properly" priced in? Efficient market theory, or something else?Things in crypto aren't properly priced in. Some people are also betting it won't be delisted.
๐ฎ๐๐๐๐ ๐ ๐๐๐๐๐ถ, ๐๐๐๐๐ ๐๐๐๐๐ ๐ ๐๐๐๐๐
โโโโโโ๐งตMake trolls invisible: https://forum.obnoxiousbrutes.com/showthread.php?t=180234573 โโโโโโ
12-22-2020, 06:58 PM
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#1956
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Originally Posted By Luc1fer⏩
Things aren't properly priced in because of the immaturity and the small size of the market as well as the difficulties (regulatory and technogical) in accessing the market.What do you mean by "properly" priced in? Efficient market theory, or something else?
There have been numerous announcements across countless projects where the initial price spike (or lack there of) only reflected part of the move with the stabalising price following a significant period after.
12-22-2020, 07:15 PM
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#1957
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Originally Posted By Parkerscott⏩
According to Jules tier 1 exchanges are in the works and suppose to be listed by Q1 2021. Been out since 2017 and has consistently made good progress, so as far as crypto projects go I've got my bag secured. Seems like everytime I find a good project it gets cucked the hardest tho. I prob wouldn't buy until I capitulate so it goes 100x.I was going to mention the Carmack tweet but you beat me to it. Rendering is a very lucrative business and theres plenty of spare GPU processing power out there that goes to waste. Its more cost efficient to sub out the work than upgrade your hardware every 3 years. Don't have a bag yet and have thought about picking it up a few times. Might pull the trigger one of these days, I just don't like being too early to stuff anymore.
12-22-2020, 07:17 PM
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#1958
Originally Posted By Serenadium⏩
I suspect you're incorrect because if that were true, then there would be a massive edge on shorts / put options.Things aren't properly priced in because of the immaturity and the small size of the market as well as the difficulties (regulatory and technogical) in accessing the market.
There have been numerous announcements across countless projects where the initial price spike (or lack there of) only reflected part of the move with the stabalising price following a significant period after.
There have been numerous announcements across countless projects where the initial price spike (or lack there of) only reflected part of the move with the stabalising price following a significant period after.
๐ฎ๐๐๐๐ ๐ ๐๐๐๐๐ถ, ๐๐๐๐๐ ๐๐๐๐๐ ๐ ๐๐๐๐๐
โโโโโโ๐งตMake trolls invisible: https://forum.obnoxiousbrutes.com/showthread.php?t=180234573 โโโโโโ
12-22-2020, 08:23 PM
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#1959
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Originally Posted By jamalfudge⏩
I'm holding onto mines - ain't selling so easily Shook - maybe the under 30 cents will come backStronger chance a mask stops a coronavirus than XRP delisting on CB.
EDIT: I jumped ship LMAO... took my x2 gains i may get back in at 20 cents again
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12-22-2020, 10:34 PM
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#1960
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People still hold XRP?
12-22-2020, 10:45 PM
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#1961
12-22-2020, 10:57 PM
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#1962
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Originally Posted By ooph⏩
Kraken, Bittrex and Bitstamp come to mind. All have heavy customer base in the USA.I think there is a 0% chance XRP is delisted from any major exchange besides coinbase.
While not major exchanges, they are heavy spot\fiat onramp\offramp markets. I can see a future where basically all USD markets have huge regulatory risk\uncertainty and will de-list it.
25% chance it's de-listed
50% chance it's heavily scaled back, implement additional KYC checks and implement accredited investor limits (exchange needs a broker dealer license which could limit to just coinbase).
25% chance nothing happens
XRP may be entirely limited to Tether pairs going forward.
12-22-2020, 11:11 PM
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#1963
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Originally Posted By lowstrife⏩
XRP still has a heavy footing in Japanese markets like bitflyer and coincheck. They are the only reason NEM is even still around.Kraken, Bittrex and Bitstamp come to mind. All have heavy customer base in the USA.
While not major exchanges, they are heavy spot\fiat onramp\offramp markets. I can see a future where basically all USD markets have huge regulatory risk\uncertainty and will de-list it.
25% chance it's de-listed
50% chance it's heavily scaled back, implement additional KYC checks and implement accredited investor limits (exchange needs a broker dealer license which could limit to just coinbase).
25% chance nothing happens
XRP may be entirely limited to Tether pairs going forward.
While not major exchanges, they are heavy spot\fiat onramp\offramp markets. I can see a future where basically all USD markets have huge regulatory risk\uncertainty and will de-list it.
25% chance it's de-listed
50% chance it's heavily scaled back, implement additional KYC checks and implement accredited investor limits (exchange needs a broker dealer license which could limit to just coinbase).
25% chance nothing happens
XRP may be entirely limited to Tether pairs going forward.
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12-22-2020, 11:41 PM
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#1964
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Originally Posted By Luc1fer⏩
Whether an edge existed can only be proven in hindsight. If the price continues to tank, looking back 3-6 months from now, then of course there would have been a 'massive' edge on shorts and puts. Massive edges exist in this market for products with futures. I'll give you an example:I suspect you're incorrect because if that were true, then there would be a massive edge on shorts / put options.
Major updates for Sushiswap including BentoBox (Lending - i.e. similar to Aave), Miso (token launchpad with sushi liquidity mining rewards), Gusoku (options based IL protection) was known publically early November. It took two weeks for this information to be fully reflected in the price. These are all huge updates.
On 1st December, Andre Cronje (builder of YFI) announced Deriswap (options) would be built into Sushiswap. It took two full days for the price to be fully reflected in a stabalised price.
This is a token that has as a $25m - $50m futures market on FTX (one of the largest). At any of those points if you had 'longed' on the released news, you would have had a 'massive' futures edge.
12-22-2020, 11:53 PM
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#1965
12-22-2020, 11:57 PM
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#1966
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Originally Posted By Serenadium⏩
There is so much information asymmetry. Front running Dex's, VC's listing their tokens on exchanges weeks before vesting periods etc etc. Most of retail is getting absolutely dumped on.Whether an edge existed can only be proven in hindsight. If the price continues to tank, looking back 3-6 months from now, then of course there would have been a 'massive' edge on shorts and puts. Massive edges exist in this market for products with futures. I'll give you an example:
Major updates for Sushiswap including BentoBox (Lending - i.e. similar to Aave), Miso (token launchpad with sushi liquidity mining rewards), Gusoku (options based IL protection) was known publically early November. It took two weeks for this information to be fully reflected in the price. These are all huge updates.
On 1st December, Andre Cronje (builder of YFI) announced Deriswap (options) would be built into Sushiswap. It took two full days for the price to be fully reflected in a stabalised price.
This is a token that has as a $25m - $50m futures market on FTX (one of the largest). At any of those points if you had 'longed' on the released news, you would have had a 'massive' futures edge.
Major updates for Sushiswap including BentoBox (Lending - i.e. similar to Aave), Miso (token launchpad with sushi liquidity mining rewards), Gusoku (options based IL protection) was known publically early November. It took two weeks for this information to be fully reflected in the price. These are all huge updates.
On 1st December, Andre Cronje (builder of YFI) announced Deriswap (options) would be built into Sushiswap. It took two full days for the price to be fully reflected in a stabalised price.
This is a token that has as a $25m - $50m futures market on FTX (one of the largest). At any of those points if you had 'longed' on the released news, you would have had a 'massive' futures edge.
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12-23-2020, 01:09 AM
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#1967
12-23-2020, 01:13 AM
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#1968
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Originally Posted By gesten⏩
BitcoinAnyone feeling anything about omg network right now?
Invest now or no?
Invest now or no?
12-23-2020, 01:22 AM
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#1969
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Originally Posted By Serenadium⏩
Price was 44c at this post couple hours ago, it is now 36c.There is a very strong chance coinbase delists. You may want to sell.
Further proof things aren't priced in instantly in crypto.
12-23-2020, 01:35 AM
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#1970
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Originally Posted By Serenadium⏩
Brave had to get rid of brave rewards on IOS due to app store guidelines and I don't think any crypto outlet has even covered it and its been like two weeks. Efficient market hypothesis does not apply to crypto.Price was 44c at this post couple hours ago, it is now 36c.
Further proof things aren't priced in instantly in crypto.
Further proof things aren't priced in instantly in crypto.
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12-23-2020, 01:38 AM
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#1971
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Originally Posted By Parkerscott⏩
Yep, I may accept an argument for BTC and even ETH.Brave had to get rid of brave rewards on IOS due to app store guidelines and I don't think any crypto outlet has even covered it and its been like two weeks. Efficient market hypothesis does not apply to crypto.
All other markets are not efficient. This is a good thing.
12-23-2020, 02:03 AM
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#1972
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Originally Posted By Serenadium⏩
That's because this is a worldwide market and people are waking up and panic selling.Price was 44c at this post couple hours ago, it is now 36c.
Further proof things aren't priced in instantly in crypto.
Further proof things aren't priced in instantly in crypto.
12-23-2020, 02:32 AM
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#1973
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Originally Posted By Parkerscott⏩
Efficient market hypothesis doesn't really matter, it's just one explanation attempt of the scientifically proven fact (for stocks) of the unidentifiability of outperformers. I'm not aware of such a study for the crypto market yet, but my guess is that it would come to similar results.Brave had to get rid of brave rewards on IOS due to app store guidelines and I don't think any crypto outlet has even covered it and its been like two weeks. Efficient market hypothesis does not apply to crypto.
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12-23-2020, 02:32 AM
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#1974
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Originally Posted By Serenadium⏩
Exactly. The only bad part is the amount of noise to signal. Once you find a signal and go heavy on it, its all worth it though.Yep, I may accept an argument for BTC and even ETH.
All other markets are not efficient. This is a good thing.
All other markets are not efficient. This is a good thing.
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12-23-2020, 03:59 AM
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#1975
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Originally Posted By Serenadium⏩
31 cents now. This is one of the biggest flushings ive seen and in a bull market...Price was 44c at this post couple hours ago, it is now 36c.
Further proof things aren't priced in instantly in crypto.
Further proof things aren't priced in instantly in crypto.
I underestimated how powerful the sec is.
12-23-2020, 04:13 AM
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#1976
12-23-2020, 04:28 AM
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#1977
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Originally Posted By Serenadium⏩
March was way worse, but this is pretty bad too.31 cents now. This is one of the biggest flushings ive seen and in a bull market...
I underestimated how powerful the sec is.
I underestimated how powerful the sec is.
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12-23-2020, 04:56 AM
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#1978
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Jumped off of the XRP ship today (leaving a small quantity of XRP behind) taking about 2k profit since 2018 when I could have taken 26k profit about a week or so back.
Feelsbadman.
Certainly frustrating that the SEC whose job it is to protect investors, has done exactly the opposite for 8 years and now suddenly decides to drop a huge lawsuit.
Can't say I never saw it coming though. There's a reason BTC has always been my favourite. Just frustrating I spent most of my BTC on setting up a company when it wasn't worth much.
Moral of the story is that if you dare to dream big you will be squashed 99% of the time. Pick yourself back up and go again.
Feelsbadman.
Certainly frustrating that the SEC whose job it is to protect investors, has done exactly the opposite for 8 years and now suddenly decides to drop a huge lawsuit.
Can't say I never saw it coming though. There's a reason BTC has always been my favourite. Just frustrating I spent most of my BTC on setting up a company when it wasn't worth much.
Moral of the story is that if you dare to dream big you will be squashed 99% of the time. Pick yourself back up and go again.
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12-23-2020, 05:56 AM
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#1979
12-23-2020, 06:01 AM
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#1980
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XRP snitching?
They are going to say that BTC and ETH are the same as XRP.
(Video contains snippet from Cardano creator.)
Phuck XRP for trying that bullchit.
"Ripple Claims Bitcoin Is 'Chinese-Controlled' While Announcing New Lawsuit From SEC"
"โXRP consistently ranks among the top three virtual currencies by market capitalizationโalongside bitcoin and ether, the two Chinese-controlled virtual currencies that the SEC has stated are not securities,โ Ripple said in a six-page defense posted online."
https://www.msn.com/en-us/money/mark...ec/ar-BB1c8Aep
Edit: I skimmed read the 6 page paper written by Ripple, and read the relevant part. Yep... Ripple are being crabs a in bucket.
Page 5 and 6.
https://ripple.com/wp-content/upload...on-Summary.pdf
They are going to say that BTC and ETH are the same as XRP.
(Video contains snippet from Cardano creator.)
Phuck XRP for trying that bullchit.
"Ripple Claims Bitcoin Is 'Chinese-Controlled' While Announcing New Lawsuit From SEC"
"โXRP consistently ranks among the top three virtual currencies by market capitalizationโalongside bitcoin and ether, the two Chinese-controlled virtual currencies that the SEC has stated are not securities,โ Ripple said in a six-page defense posted online."
https://www.msn.com/en-us/money/mark...ec/ar-BB1c8Aep
Edit: I skimmed read the 6 page paper written by Ripple, and read the relevant part. Yep... Ripple are being crabs a in bucket.
Page 5 and 6.
https://ripple.com/wp-content/upload...on-Summary.pdf
If You Don't Like To Talk About Your Feelings, This Might Help...
https://forum.obnoxiousbrutes.com/showthread.php?t=178926621
The Most Heartbreaking Thing That I've Learned About 'The Elite'.
https://forum.obnoxiousbrutes.com/showthread.php?t=178536851
Bitcoin And 'The Elite' - Why Bitcoin Is Not Revolutionary
https://forum.obnoxiousbrutes.com/showthread.php?t=179820783
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