DownLikeBCPowder
Member
Indeed, my ADA exploded this morning, was surprised he mentioned that one by name.
I've been enjoying the God candles
Bitcoin, Cryptocurrency, Blockchain, and You: Navigating the Future of Tech (a NeoGAF discussion thread)
Ironbunny
Member
Venom Snake
Member
Yup this is great
I'll believe it when i see it. I'm fed up with situations in which markets move blindly based on mere posts on social media.
DownLikeBCPowder
Member
Whether in the United States or elsewhere, sovereign entities will be buying Bitcoin. No worries.
Venom Snake
Member
Of course they will, it's sort of inevitable.
However, i am not waiting for what buyers will do, but for regulators who will set clear rules and provide protection for investors.
The scale of manipulation, fraud and insider trading that we are currently observing is far from the fundamentals of crypto.
I would like adoption to be based on new market products and technologies for the masses, and not just accumulation of exit liquidity.
Last edited:
DownLikeBCPowder
Member
Fair enough, but to what personal end is that exactly? Just curious. Those things will come, as you say, inevitably.
Venom Snake
Member
I would like retail to also be one of the driving forces behind this industry again, to be able to participate in creating trends both as investors and consumers, on a larger scale.
Because for now they are treated as dumb money mostly, which effectively pushes them out of the space, making crypto an asset of a highly manipulated, centralized nature, which fundamentally contradicts its original purpose.
The longer it resembles a casino, the slower mass adoption will be.
At the moment, i am sitting on a life-changing bag, but i would like to have more opportunities to use these resources rather than sell everything at the next peak in the cycle.
Last edited:
DownLikeBCPowder
Member
I can understand that - but I rather like the Wild West atmosphere. Crypto is made to circumvent these sort and their machinations, so I'm hesitant about giving them keys to the kingdom, so to speak. The good news is that there are other cryptos that will continue to exist mostly outside of these systems, like XMR, just as there are cryptos that seek to be strongly integrated into the existing system. But as far as "casino" mentality, the reality is those looking to enter the space seeking to avoid that as best possible should stick to Bitcoin and hold their own keys, while those looking for something more experimental can find it. I wouldn't want too much regulatory strength in this area - I'm not sure to what extent it's honestly needed. Retail is coming regardless, it feels like. The crypto world is night and day from 2012, or even 2017. The standard market is highly manipulated as well in various ways, so I'm not sure that further integrating crypto will cause that to end.
Last edited:
Venom Snake
Member
I think it's worth trying tho.
Because the crypto market is still internally linked across all levels of risk, whatever bad happens because one group, the others also lose out, big .
I would like projects with utility applications to finally branch out of this mess, benefiting users in everyday life cases, but as we see, this is not in the interest of market manipulators.
Smart money's pursuit of as many revenue streams as possible has marginalized many such projects, clearing the way for greedy brokers, VC's, false "educators" and scammers creating a structure based on a conflict of interests aimed at liquidating retail participants as quickly as possible.
This is where regulators should come in and start cleaning up, otherwise crypto will always remain mostly a casino for degens and not a developing technology such as internet or mobile telephony.
Last edited:
Audiophile
Member
Shit like this is why I'm glad I never bought in when I first heard about it on Joe Rogan. It was what, $0.01 a bitcoin back then? I could bough $50 worth and it would be worth BILLIONS now. Problem is I would have lost the encryption key or sold it at 100x value, and been suicidal about the loss ever since
.
TheDarkPhantom
Gold Member
protonion
Member
I don't know...Rocket has barely left the launch pad, never too late to buy more
It still is
I think the ceiling is one million per coin.
If only I started a couple of years earlier...
TheDarkPhantom
Gold Member
I don't know...
I think the ceiling is one million per coin.
If only I started a couple of years earlier...
I'd say that's a bear case but even so, that's a 10X from here, no other investment even comes close, no other investment *has* come close over the past 10+ years
Now it would be HILARIOUS if there was a coding limitation of "it's value can only be 6 digits!" that halts it at $999,999.I don't know...
I think the ceiling is one million per coin.
If only I started a couple of years earlier...
Doubt that's how bitcoin value works but it would make for a fun "Y2K panic" type story.
Audiophile
Member
BTC Dominance still slipping nicely while alts are grinding up. As long as the lettuce hands don't panic sell BTC and we range 112-124 it's a perfect spot for many more alts to follow the likes of XRP.
Everyone is too tetchy around 95-110k, that big round number just makes everyone panic on every little glimmer of red and alts just follow BTC down. This ~118k spot is perfect. I'd very much like use to stay here for a while rather than get carried away too fast, leading us into the same position (a big round psychological barrier like $150k resulting in alts not getting a look in and people panic selling them every time BTC sees a little red).
My only concern with crypto as a whole is that excessive ranging and manipulation in what is ultimately a massively-accelerated market vs traditional markets, has also resulted in an accelerated burn through of retail.
Everyone is too tetchy around 95-110k, that big round number just makes everyone panic on every little glimmer of red and alts just follow BTC down. This ~118k spot is perfect. I'd very much like use to stay here for a while rather than get carried away too fast, leading us into the same position (a big round psychological barrier like $150k resulting in alts not getting a look in and people panic selling them every time BTC sees a little red).
My only concern with crypto as a whole is that excessive ranging and manipulation in what is ultimately a massively-accelerated market vs traditional markets, has also resulted in an accelerated burn through of retail.
Last edited:
MidGenRefresh
*Refreshes biennially
When I first got into crypto, I had no idea what I was doing and accidentally bought over 5,000 XRP for dirt cheap. I remember my girl laughing at me back then.
Ironbunny
Member
Audiophile
Member
XRP just broke the 2018 all time high!*
*not counting the glitchy Korean prices two cycles back.
Lucked out nicely on this recent run, every now and then, probs a couple times a cycle at most I just look at the chart, no analysis or reasoning and my gut says buy and I feel very comfortable in the trade. Opened a 26x leverage trade on XRP at $2 a month back and only just starting to peel off now, didn't set stops, didn't set notifications for a few days, barely checked it. Just felt calm with it, a little over ~3.5% draw down and the position was cooked, but my gut just said it wasn't gonna happen. Was the same deal with SOL back in late '23.
I don't really do much analysis on the markets anymore, I think over a decade of prolonged periods of time just staring at the charts, getting a feel for the chop in the order book. It's like very asset and every cycle has a personality. While I'll scalp and play around in the gaps, it's all about waiting for those moments when my gut just says jump in and trust it.
I think we recognise patterns and behaviour at a subconscious level and the sooner I just let that happen and get out of my own way it tends to work.
The approach that is likely more successful for most is cold, hard analytics and putting emotions aside, whereas I've found they've been very reliable at telling me something. Again, likely some representation of underlying pattern recognition that we're not entirely cognisant of.
If I believe, I go with it, if I start hoping I pull the trade not long after. Hope is always a bad sign. Differentiating between the two is important.
Sounds kinda hokey but I think if you just immerse yourself into and absorb something long enough you end up getting moments where it's like reading the code in the matrix. You have no real thought process on the matter but you know what to do.
I wouldn't advise this upfront for anyone, but I think over time it makes sense to dabble in this kinda gut-first, naked trading rather than being hyper-analytical, especially if you can't quite crack it otherwise and if you've been immersed in the market with prolonged period of moment-to-moment observation..... I don't put much value in looking at low-to-mid timeframe charts after the fact, I like to watch them move as it's happening and just get a feeling for it. Though I definitely don't advise doing 26x upfront, or at all really. That's just a result of me having lost so much early on that I'm numb now, lol.
*not counting the glitchy Korean prices two cycles back.
Lucked out nicely on this recent run, every now and then, probs a couple times a cycle at most I just look at the chart, no analysis or reasoning and my gut says buy and I feel very comfortable in the trade. Opened a 26x leverage trade on XRP at $2 a month back and only just starting to peel off now, didn't set stops, didn't set notifications for a few days, barely checked it. Just felt calm with it, a little over ~3.5% draw down and the position was cooked, but my gut just said it wasn't gonna happen. Was the same deal with SOL back in late '23.
I don't really do much analysis on the markets anymore, I think over a decade of prolonged periods of time just staring at the charts, getting a feel for the chop in the order book. It's like very asset and every cycle has a personality. While I'll scalp and play around in the gaps, it's all about waiting for those moments when my gut just says jump in and trust it.
I think we recognise patterns and behaviour at a subconscious level and the sooner I just let that happen and get out of my own way it tends to work.
The approach that is likely more successful for most is cold, hard analytics and putting emotions aside, whereas I've found they've been very reliable at telling me something. Again, likely some representation of underlying pattern recognition that we're not entirely cognisant of.
If I believe, I go with it, if I start hoping I pull the trade not long after. Hope is always a bad sign. Differentiating between the two is important.
Sounds kinda hokey but I think if you just immerse yourself into and absorb something long enough you end up getting moments where it's like reading the code in the matrix. You have no real thought process on the matter but you know what to do.
I wouldn't advise this upfront for anyone, but I think over time it makes sense to dabble in this kinda gut-first, naked trading rather than being hyper-analytical, especially if you can't quite crack it otherwise and if you've been immersed in the market with prolonged period of moment-to-moment observation..... I don't put much value in looking at low-to-mid timeframe charts after the fact, I like to watch them move as it's happening and just get a feeling for it. Though I definitely don't advise doing 26x upfront, or at all really. That's just a result of me having lost so much early on that I'm numb now, lol.
Last edited:
Bonfires Down
Member
Has going on intuition been consistently profitable for you or are there a few big trades that make up for the losses?
Another question - is there a reason to do leverage if I have enough money to invest the same sum anyway?