Cryptocurrency Daily Discussion - November 28, 2021 (GMT+0) |
- Daily Discussion - November 28, 2021 (GMT+0)
- The DIP is here. WHAT ARE WE BUYING
- The entire crypto market is being shorted in the last 48 hours and barely anyone is talking about it.
- Janet Yellen (Secretary of the Treasury): Crypto is mainly used by Criminals | Reality: Just 0,34% of Transactions are connected to Crime, an All Time Low
- Which altcoins should survive the bear market?
- Which coins used to be the "next big thing" but are now dead?
- This is for you. They will laugh, but they will envy later.
- “It’s dumb nerd money that nerds use to try to rip each other off” saw this at an anti-crypto forum. Are they right? Are we just here to just get rich? Or are we here to build a fair and equitable world?
- The market is now on Extreme Fear. If history is correct, this is the best time to start buying.
- Crypto.com is what mass adoption looks like. Their greatest trick is answering the question "Why should I be interested in crypto?" for the average consumer
- Don't be a fool. Never, I mean never take a loan to invest in cryptocurrencies. It is not worth the stress, your mental health and the risk of going bankrupt
- We all know the phrase buy the rumour, sell the news. So what's the best rumour you have heard in the crypto space lately that you are buying up?
- No matter what I do, the prices keep going down
- DON'T FORGET to earn extra moons by voting in the governance polls!
- 3rd largest Bitcoin whale keeps accumulating - buying a total of 7,959 BTC (472 Million USD) at an average price of $59k
- Biggest crypto mistakes you can make - learn from my fails
- Don't chase pumping coins, chase underperforming coins!
- a coinnamed OMRICON is up by 455% since yesterday. we deserve a bear market
- Bitcoin Adoption: El Salvador’s Ambassador To The US Says America Is Only Concerned About Losing Its Power
- Everybody is Warren Buffett during a bull run and Socrates during a correction.
- When BTC hit 69k you all wanted to buy it cheaper. Now that it is are you buying?
- I built a website for assessing the levels of Dips and Moons in crypto prices (so I guess you don't have to)
- How to get gains while checking your charts
- Who else gets anxiety when transferring crypto?
- Don´t do day trading, you will lose 80-90% of your assets
- Have you ever bought a hefty position in an altcoin before it went parabolic?
| Daily Discussion - November 28, 2021 (GMT+0) Posted: 27 Nov 2021 04:00 PM PST Welcome to the Daily Discussion. Please read the disclaimer, guidelines, and rules before participating. Disclaimer:Consider all information posted here with several liberal heaps of salt, and always cross check any information you may read on this thread with known sources. Any trade information posted in this open thread may be highly misleading, and could be an attempt to manipulate new readers by known "pump and dump (PnD) groups" for their own profit. BEWARE of such practices and exercise utmost caution before acting on any trade tip mentioned here. Please be careful about what information you share and the actions you take. Do not share the amounts of your portfolios (why not just share percentage?). Do not share your private keys or wallet seed. Use strong, non-SMS 2FA if possible. Beware of scammers and be smart. Do not invest more than you can afford to lose, and do not fall for pyramid schemes, promises of unrealistic returns (get-rich-quick schemes), and other common scams. Rules:
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| The DIP is here. WHAT ARE WE BUYING Posted: 27 Nov 2021 09:10 PM PST The dip some of us wanted is here (Including me) and I'm sitting here waiting on my fiat so I can BUY THE DIP. I have seen a lot of people talk about buying the dip ever since I joined the community and I also see a lot of people being super bearish about it. What are yall buying considering a lot of crypto is down right now? I'm going to a DCA for LRC, enough CRO to get jade, and ADA seems like a good buy because its on the low low. I am also looking for AMP to drop below .05, and DOT to get lower. Would love to know what the community is planning. It is a big crypto world out there and im hoping to hear about some that i may have overlooked. 🦀🦀🦀 [link] [comments] | ||
| Posted: 27 Nov 2021 04:36 PM PST Shorts have been steadily rising with no upper limit in the last couple days with buying pressure still supplying upward pressure. Just take a look at datamish.com and see how most coins, especially BTC, are being shorted to an insane degree with FUD regarding the "Omicron variant" as an excuse. It's actually infuriating seeing the major hedge funds and financial big wigs trying to create a reason why they want to buy up their personal crypto for cheap. Yup, lets just all ignore the insanely bad monetary policy and "transitional inflation" that's been happening for the last couple years. Meanwhile ($1.6 Billion dollars of ONLY bitcoin) are being shorted in the last 48 hours not including the rest of the crypto market. Stay smart friends, there's a coordinated effort to dismantle us all using any means necessary. [link] [comments] | ||
| Posted: 27 Nov 2021 07:05 AM PST Janet Yellen, the Secretary of the Treasury, claims that Crypto would be mainly used by criminals. But how does reality actually look like? Crypto transactions connected to crime have hit an all time low last year, just 0,34% of all transactions are somehow connected to "crime" (this includes your local guy ordering weed) What about the U.S. Dollar and other FIAT? The United Nations estimates that up to $4,000,000,000,000 annualy is connected to crime, which is up to 4% of global GDP. Why is no politician talking about that? [link] [comments] | ||
| Which altcoins should survive the bear market? Posted: 28 Nov 2021 12:37 AM PST I've read a lot of comments here stating that once the bear market comes, many altcoins will not survive. I think a rather common belief is that around 80% will either disappear entirely, or their price will never recover to the current/previous ATH levels. Personally, I have my doubts about this number being that high, but I am just a newbie trying to learn things, so what do I know? And that's beside the point of this post anyway. In this post I want us to discuss "the other 20%". So, what coins, do you think, will survive the next bear market and will thrive during the next bull. If you could provide some reasoning, instead of just throwing some names or just shilling your favorite alts, that would be much appreciated! P.S. Just to clarify, I understand, ETH is technically an altcoin, but it's pretty safe to think, that it's grown so much it's, by far, the safest altcoin to survive the bear. Saying this before I get plenty of "ETH" comments, as I would kind of like the focus to be on other altcoins. [link] [comments] | ||
| Which coins used to be the "next big thing" but are now dead? Posted: 27 Nov 2021 02:00 PM PST Which coins used to be the "next big thing" but are now dead? For example back in May "Shopping" was a coin everyone was talking about and it now looks dead for the last couple of months. I also haven't seen that many Ergo shills anymore lately, but I do expect to see these again on the next run up. I would like to know about some coins that everyone was talking about before, but now no one cares anymore. This of course creates a lot of bag holders. Imagine buying XRP at the all time high and then waiting for 5 years and you're still at only 25% or so. This is one of the reasons why I am very heavy into the blue chips coins, as there is always a very high chance of them recovering. Another one that I know of is EOS, another Ethereum killer in 2017. I don't really believe in Ethereum killers, it could happen, but it's more likely to end like EOS. Do you know any examples of dead coins that used to be hot? What was the narrative that made them hot? (Also, if I mentioned any of your favorite coins, I did not mean to attack you. You can buy all the EOS you want, I'll buy more Ethereum) [link] [comments] | ||
| This is for you. They will laugh, but they will envy later. Posted: 28 Nov 2021 01:52 AM PST This is for all the crypto investors that are riding the rollercoaster of tears, laughter, happiness and despair. This is for all the times people look at you like you are delusional investing in "Internet money". This is for all of us losing hope every once and a while. This is for all of you FOMOing into the wrong coins. This is for all of your impatience. This is for all of you thinking the parabolic runs starts but it doesn't. This is for all the times you want to give up and just continue the hamster wheel run, the rat race. This is for all of you that want to achieve financial independence. This is for all of you that want to look after your family financially. This is for all of you that want yachts, lambos, and coke. This is for all of you wanting freedom. Let them laugh at you. Let them doubt you. Let them fight your goal. Let the boomer world trying to bring crypto down. Let them have it. we are going to make it.you are going to make it.Think about this when in 1,2,3 or 5 years from now you have achieved all of your goals. And then look at them. Let's f*cking go! [link] [comments] | ||
| Posted: 28 Nov 2021 02:50 AM PST We can't blame them either most crypto investors are just people looking to get rich quick while pretending to care about the economic situation as a whole. Most crypto investors are no more concerned about the dire situation of the economy than the average person. For many of those investing in cryptocurrencies, the goal is simply to get rich, not to build a better world. If you are in this for building a better world there are a hundred things you can do alongside investing crypto. How many people here are doing that? Crypto was created to root out corruption and untrustworthy intermediaries and to give the power back to the people. I hope we go back to the roots of the movement. The greatest progressive movements the world has ever seen always came from small sections of people that thought differently from the majority. I hope we, as a group, will see beyond the money and this movement will steer us back on track and make the world a better place. [link] [comments] | ||
| The market is now on Extreme Fear. If history is correct, this is the best time to start buying. Posted: 27 Nov 2021 10:06 AM PST The Crypto fear and greed index is now at 21 points signaling "Extreme Fear." Every time the market entered "Extreme Fear" in the past, it had turned out to be an excellent buying opportunity to buy at lower prices. I think this time is no different as Crypto is perhaps one of the only assets that people buy less when it is on sale. Every time the market dips, people panic and miss out on the great buying opportunities. The dip we are seeing is extremely close to what we've seen back in September and we are most likely going to go back up from here. TLDR: If you've been looking for a good time to get in, this is it. [link] [comments] | ||
| Posted: 27 Nov 2021 11:29 AM PST The more I think about it, the more amazed I am by what Crypto.com has done and is doing. The crazy good marketing and ideal domain name are obviously huge things, but they receive almost all of the attention. The product itself is where CDC truly excels and why it will become the biggest exchange. To offer a card that gives you free Spotify and Netflix is absolutely genius. In one single swoop it cuts away all other reasons needed to explain to someone what the hell crypto is about and why on earth should they be interested in it. It doesn't get any more understandable than "Free Netflix and Spotify". That's the hook that makes people perk up and listen, because they get it. And then they're ready to hear about some of the other benefits. "So you're telling me it's like a bank except they're the ones paying me?" It also puts Crypto.com in great company by association. Because "We're the Netflix/Spotify of cryptocurrency" is precisely the position they want to be in and are marching towards. CDC and its advertising will bring hundreds of millions of people to cryptocurrency. Add in the forced staking, another stroke of genius, and they'll have hundreds of billions of dollars in the vaults. This company will be like the whole world's crypto bank if it succeeds. People compare BNB to CRO and think BNB's market cap is close to the max CRO can reach, but with the vast hordes of new users about to enter the game, I think CRO will far surpass BNB in the coming years. Yes, you could say I'm bullish on this one. I'm also scared about the giant being built (please don't be evil), but for now this one seems like a very obvious investment. [link] [comments] | ||
| Posted: 27 Nov 2021 05:34 PM PST The worse thing about losing money while investing in cryptocurrencies is losing money you don't have. The sentence that is often repeated here is "don't invest what you can't afford to lose". It is absolutely not worth the risk, stress and your mental health. Some people get lucky, but most don't. Don't be an idiot, ignore the stories where people borrowed money and managed to get it back and make some profit along the way. Those are rare ones. Instead you should read this: "I'm thinking about the money I borrowed from my friend, even my savings, like my RRSP is gone. I just can't believe it" "So now I'm really freaking out because I'm like $80,000 in and I really need that money" You don't want to be those people. Invest what you can afford to lose. [link] [comments] | ||
| Posted: 28 Nov 2021 03:35 AM PST Hit me with your best shot, fire away! I personally like many others jumped in on some LRC when i started to hear the rumblings about the Gamestop deal. Whether or not that ever becomes reality who knows, but I bought in at around $1.20 so so far so good. I hear rumours every other week about Cardano and what amazing thing is coming there next, but so far since they haven't delivered much in my opinion I am not holding my breath. What about everyone else? What juicy rumours has everyone heard lately that they're buying up? [link] [comments] | ||
| No matter what I do, the prices keep going down Posted: 27 Nov 2021 08:09 PM PST Alright so I checked the prices on my phone and it is all red. People said "zoom out" but when I kept zooming out nothing happened, the prices are still the same. Then I tried rebooting my phone but no luck. I updated the software on it but the goddamn prices are still going down. I then tried turning off and on my router, I thought "it had to be WiFi". Noup. I checked the prices on my PC and they are the same, so it is probably not my phone. I am starting to run out of ideas, what should I try next? Actually I am going to take a nap, see ya tommorow. [link] [comments] | ||
| DON'T FORGET to earn extra moons by voting in the governance polls! Posted: 28 Nov 2021 03:23 AM PST Round 20 of the Moon distribution isn't far from us. This is a friendly reminder to vote in the governance polls. These polls affect how this sub works and also reward every voter with a bonus on top of your earned karma. There is a 5% karma bonus for voting in 1 poll and a 1.25% bonus for each additional poll. With 4 available polls that results in a 8.75% karma bonus in total. There are only a few days left to do this! It would be a shame not to vote. Users who have voted will also earn a little badge in front of their name. The badge looks like the Capitol building in Washington, but also like a shower. 🙃 If you see users without this badge, be kind and remind them to vote please. Here's the pinned post with all the info you need: Moon Week 20 - New Governance Polls and the State of the MOONion If you want to vote directly in the available polls, here they are:
EDIT: Useful extra tips in the comments.
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| Posted: 27 Nov 2021 08:57 PM PST Out of all the known bitcoin addresses this one is the 3rd richest; but it is actually the largest known private whale, because the #1 and #2 spots are actually exchanges. Call this whatever you want, a correction, a mini dip, consolidation period, fluctuation in the market... all that matters is that whales keep buying the dip and schmucks keep buying high and selling low. Follow the whale: https://bitinfocharts.com/bitcoin/address/1P5ZEDWTKTFGxQjZphgWPQUpe554WKDfHQ and check the biggest whale addresses: https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html [link] [comments] | ||
| Biggest crypto mistakes you can make - learn from my fails Posted: 28 Nov 2021 02:01 AM PST I've been in crypto for a while now so I've had enough time to make every mistake possible. Here are some of them:
At first I thought that if a pump started it will just go on and on, so I'd end up buying at all time high and then obviously the coin tanked and that was it.
This is the mistake I most ashamed of. When a coin gets listed the price immediately jumps and shows percentages like 100 200 or 400%. This looks quite attractive to buy but don't, the price will go down in like minutes or hours.
Buying a coin and expecting it to do x100 immediately. After hearing so many stories about Dogecoin I was expecting the coin to do to grow 10 times or 100 times in a few days so after a week the coin has not moved that much I was selling and buying another coin with the same stupid hope.
If you believe in your investment, then all you need to do is buy and forget. You can check every few days but there is no need to stare at the charts all the time.
You don't want to waste a giant chunk of your money paying gas fees. Learn about L2, BSC, XLM. Anything else I missed? [link] [comments] | ||
| Don't chase pumping coins, chase underperforming coins! Posted: 27 Nov 2021 03:21 PM PST It might not be a popular strategy but here is how I choose what coins/tokens to buy and sell. I do hold some eth and btc, but with my extra money I like to chase underdogs. First, I try to stick with coins that are at least in the top 50 market caps to minimize risk. Then, I look for the worst performing coins of the week and allocate a small amount to each of them. I usually pick 3-4 different coins. Eventually, every coin that has been around for a while and has a big market cap end up dumping and pumping one day or another. That is the whole point of my strategy. When a coin I bought low finally pumps, I sell and then reallocate my profit to the next underdog, and so on. Personally, I sell between 10-20% gains. Of course, it is still very risky, and you should always read about a coin that has recently plumetted to make sure theres no obvious reason. A lot of people will probably downvote me because I dont choose coins based on their technology but it worked for me so go ahead and do what you must do! [link] [comments] | ||
| a coinnamed OMRICON is up by 455% since yesterday. we deserve a bear market Posted: 28 Nov 2021 02:20 AM PST | ||
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| Everybody is Warren Buffett during a bull run and Socrates during a correction. Posted: 28 Nov 2021 01:56 AM PST We get it, your advice has been repeated by other geniuses a billion times over. I'm not here saying that there's nothing wrong with your advice. But telling people to "buy the dip" should be a no brainer by now, that's old and we already know that. Tell me something I don't know that's more interesting. Like if I buy Lion-coin will it really make the Detroit lions a good team? Or can I take out a big loan and buy Monero with it, then file bankruptcy and not pay it back since it's untraceable? That's pretty much it. I'm not good at making post 😒 [link] [comments] | ||
| When BTC hit 69k you all wanted to buy it cheaper. Now that it is are you buying? Posted: 27 Nov 2021 09:39 PM PST We all know many individuals really wanted to buy bitcoin at a lower price when it hit recent all times high at around US$69,000. I was of course one of those individuals, but now that the prices finally drop most of the people who said they would buy are just scared and instead selling. I on the other hand and treasuring this opportunity DCAing into all the coins that I'm interested. This might just be the very last bottom before we finally hit a parabolic run. I am extremely thankful for this dip because if it weren't for it I wouldn't be able to buy more. Do not paper hand your crypto's when there is a dip, you don't lose any value as long as you don't sell in the red. Whenever in doubt to zoom out that's what I truly believe in. I do not want to be one of those people who paper hand my crypto at the bottom and cry when you reach you all times high and I sure as hell hope you guys won't be one of them. [link] [comments] | ||
| Posted: 27 Nov 2021 06:01 PM PST For those that have seen me before, you know that I have become obsessed with the popular saying "Buy The Dip". What the !@#$ does that actually mean? How much decrease is actually a dip? How much of a rise in prices is actually a rocket to the moon? The standards of this were obviously subjective... So I built a live website that statistically tests whether there's a significant decrease or increase in price (p-value < 0.05) in relation to historical performance (multiple testing correction not included). The Main Dashboard (buythedips.io)BuyTheDips %>% Dashboard @ https://buythedips.io/ So let's go through the graphs one by one. 1. z-score movements in the last 48 hours.
2. current performance on 14d volume adjusted avg.
3. z-score in %in% current price (z-price).
4. z-score in %in% current trading volume (z-volume).
5. scatter %in% price (z-price vs. z-volume).
6. scatter %in% volatility (volatility in price vs. volatility in trading volume).
7. & 8. Volatility %in% price and trading volume.
The Days Since tabTL;DR: Come check it out if you have some time. There is no financial advice given nor coins shilled, just numbers for you to assess your favourite crypto and the current market. You can also find me via my twitter bot (link in bio), which I made a post about previously. Final note: I built it on one of the cheapest AWS trial server, so it's not the most stable. I'm also working on a pretty comprehensive portfolio manager that provides personalized analysis of your holdings beyond traditional apps, but I'll save that for another day. Edit: It works a tiny bit better on desktop. Edit2: There's a good chance that the server will crash overnight, but I'm heading to bed now... If it's not up when you click the link, I'm sorry... I'll put it back up when I wake up tomorrow... [link] [comments] | ||
| How to get gains while checking your charts Posted: 27 Nov 2021 11:44 PM PST Do you find yourself checking the charts and reviewing your portfolio every 10-15 minutes? No, it won't change the more you look at it. No, you don't get lambo in the evening after checking it before lunch. But there is something you can gain from when you check your charts and here's how And sorry no, I am not talking about crypto gains just by checking your charts. I started in crypto about 3-4 months ago and while my portfolio is tiny, it mattered to me. I, like a lot of you, check the charts endlessly until 1 month plus ago where I realize it might be a tad much. So I did the only logical thing and made it a rule for myself. 10 PUSH UPS EVERYTIME YOU CHECK YOUR CHARTSNot much for 10 push ups for some people. But 10 x 15 or 20 times a day is ALOT. While your charts up and down is not within your control, your health is. Start now by taking charge and giving yourself a reason to exercise. If you had always felt exercising requires time commitment and you put it off, this helps. It can be anything from sit ups to squats to burpees or even jumping jacks. Point is: GET MOVING I have lost 5% percentage body fat over the last month and I feel more energetic. Trust me, even if you gain 200x on your coin, you can't enjoy it if you have to spend a ton on medical bills TLDR: 10 push ups every time you check your charts. Health > wealth. [link] [comments] | ||
| Who else gets anxiety when transferring crypto? Posted: 27 Nov 2021 09:18 AM PST I was helping my dad move his crypto from Exodus to his Coinbase so he could trade for a different crypto. I double and triple checked the address then sent the ETH. I didn't fuck up and successfully moved the ETH. However I had anxiety until the process was completed. Is anyone working on an exchange or is there an exchange where a common investor can transfer crypto without concern. You see so many stories of "I sent XXX to the wrong address and lost my crypto". Until it gets a lot easier to move or pay without concern I feel like it won't be openly accepted. [link] [comments] | ||
| Don´t do day trading, you will lose 80-90% of your assets Posted: 27 Nov 2021 06:26 AM PST A study by the U.S. Securities and Exchange Commission of forex traders found 70% of traders lose money every quarter on average, and traders typically lose 100% of their money within 12 months. These numbers are no joke and are 100% real, IF you want to daytrade, do it with small amounts and money you can afford to lose. I am pro long term holding with money I can lose because mostly I will don´t lose that money if I hold it long enough (solid projects, ETH, BTC). I posted this because a friend of mine told me he lost +$1000 in 2 days. Be warned and just invest & hodl. (Don´t do futures aswell) [link] [comments] | ||
| Have you ever bought a hefty position in an altcoin before it went parabolic? Posted: 27 Nov 2021 08:42 AM PST I'm just curious to see what some of you guys have "won" off of in the past. I'm not looking for anyone to shill their current altcoin favorites either. I'm specifically interested only to hear about any monumental gains you've made off of an altcoin that you dumped a ton of fiat into. I'd assume most of you would rather give percentages rather than the fiat amount so I'd encourage that. Things I'd also like to know in your comment: Did you hold conviction with the crypto's utility or use-case(s) prior to your entry, or was it just a YOLO because you thought it would catch hype? Did a low market cap/circulating supply affect your decision to buy in? What was your entry and exit price (if you remember)? Did you sell near the top or hold through the pump and become a bag holder? I'm interested to hear your stories! Personally, I threw a decent amount into a low market cap alt (won't reference it specifically to avoid a shill) a few months ago and was up over 650% after about 45 days. I sold off a good amount and continue to hold 2.5x my initial investment. [link] [comments] |
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