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Serious question: why is everything tanking?
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Date: January 15th, 2018 8:51 PM Author: Blue Pungent Den just Asia? what? sometimes I feel like i'm not as plugged in to the state of the market/market factors as i should be.. (http://www.autoadmit.com/thread.php?thread_id=3860772&forum_id=7#35163860) |
Date: January 15th, 2018 8:55 PM Author: racy puce toilet seat shit goes up, shit goes down, money is created, money is destroyed. do any of these "numbers" have "logic" to begin with? (http://www.autoadmit.com/thread.php?thread_id=3860772&forum_id=7#35163897) |
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Date: January 15th, 2018 8:55 PM Author: dashing chrome parlor Feels like the China FUD days. Crypto is a drug. He money will come back in. I doubt this bubble is over. (http://www.autoadmit.com/thread.php?thread_id=3860772&forum_id=7#35163899) |
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Date: January 15th, 2018 8:56 PM Author: Sickened saffron principal's office indirect expression These are some of the flimsiest markets ever created. Without long-term perspectives or tax consequences, everyone can and does rush around like a chicken with their head cut off. (http://www.autoadmit.com/thread.php?thread_id=3860772&forum_id=7#35163909) |
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Date: January 15th, 2018 8:57 PM Author: Jade very tactful legal warrant associate bcos ppl buy it ONLY for very short term gains. this is not like AAPL or GOOG stock with a huge revenue stream, profits and cash flow to back it up. so ppl shove money into XRP and once the early movers start cashing out everything crashes. rinse and repeat for every shitcoin. ppl are chasing wild gains so they instantly sell once price stops going up or even if it comes down a little. its not like ppl actually read white papers or believe in technology
think of TRON with a 10B market cap. that huge for something that has no value, no product. its basically nothing but a ponzi scheme |
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Date: January 15th, 2018 8:59 PM Author: Aqua corn cake rigpig so longterm hodlbulling in tangible products is a losing strategy or no? (http://www.autoadmit.com/thread.php?thread_id=3860772&forum_id=7#35163931) |
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Date: January 15th, 2018 9:00 PM Author: Sickened saffron principal's office indirect expression I think it's a good strategy if you can identify the good products, and if the shitcoin collapse doesn't cause the government to shut the whole thing down. (http://www.autoadmit.com/thread.php?thread_id=3860772&forum_id=7#35163939) |
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Date: January 15th, 2018 9:05 PM Author: Jade very tactful legal warrant associate its like internet stocks. Crypto is here to stay just like internet revolutionized the world (crypto wont be as big as the internet though)
your job is to figure out which shitcoin is going to be amazon and which is going to be pets.com or petcoupons.com or whatever
if you are tying to 10X your capital then you need to be the equivalent of a very good stock picker and pick the shitcoins that will actually gain momentum and more traction IRL with partnerships and solid tech etc
Nov-Dec of 2017 was essentially the internet boom compressed into 2 months (1999~2000). those days are over. now we are in 2001 basically |
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Date: January 15th, 2018 9:06 PM Author: Aqua corn cake rigpig gotcha, in that case I think ZRX was the right play. Not sure on LINK and LEND though, might sell those off when (if) they climb back up (http://www.autoadmit.com/thread.php?thread_id=3860772&forum_id=7#35163977) |
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Date: January 15th, 2018 9:12 PM Author: Jade very tactful legal warrant associate dont know about LINK or LEND so cant comment. i like ZRX and more importantly i think shitcoins by nature should be 1~3B market cap. at the end of the day you are not going to make real money unless they at least 10X when you are putting in only $5K or so. much tougher for ICX with 10B cap to 10X than say VEN or ZRX. not saying it cant happen so dont blame me if ICX becomes the next ETH
Hitting 10B market cap is NBD when crypto is roughly 650B today. thats what i like about VEN/ZRX. Now for ICX to 10X it has to hit 100B market cap so you realistically need crypto to expand to at least 1.5T for this to happen
But if you are putting in a lot of money then the analysis changes. Even 2X is great if you put in 100K so ICX might still be a solid bet as it can easily go from 10B to 20B or so
it all comes down to your personal situation. since i am putting in only roughly $5K per coin 2~3x is meh so i am focusing on low market cap coins as they dont really need crypto to expand to hit 10X |
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Date: January 15th, 2018 9:17 PM Author: Sickened saffron principal's office indirect expression VEN's concept, if executed, would be a $10-20B public company. At least. (http://www.autoadmit.com/thread.php?thread_id=3860772&forum_id=7#35164061) |
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Date: January 15th, 2018 9:24 PM Author: Jade very tactful legal warrant associate i know you are a big VEN guy but make sure you dont put all your eggs in the crypto basket or one coin. at the end of the day i am going to end up with 20~30% of my investment capital in crypto distributed across 4 or 5 coins
friendly advice bcos i have seen so many ppl DESTROYED by going all in on stocks/sports bets etc
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Date: January 15th, 2018 9:42 PM Author: Sickened saffron principal's office indirect expression It's money I can lose. BUT, I can't get excited about anything else. Try to sell me on something. (http://www.autoadmit.com/thread.php?thread_id=3860772&forum_id=7#35164300) |
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Date: January 15th, 2018 9:51 PM Author: Jade very tactful legal warrant associate i cant obviously but i remind myself of life goals (condo purchase next year, retirement goals) to keep me from going buckwild
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Date: January 15th, 2018 9:59 PM Author: Sickened saffron principal's office indirect expression VEN's gonna buy that condo for you, bud. (http://www.autoadmit.com/thread.php?thread_id=3860772&forum_id=7#35164468) |
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Date: January 15th, 2018 9:17 PM Author: Cracking organic girlfriend plaza I agree with just about everything you said, just want to note ICX is a $3B market cap, not $10B and is a massive project and still has plenty of room to go up
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Date: January 15th, 2018 9:21 PM Author: Jade very tactful legal warrant associate i think i was thinking about XLM then. must have got confused between these two. XLM is 10B cap
3B is not bad. ICX can still easily 10X on its own without an associated crypto market expansion |
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Date: January 15th, 2018 9:09 PM Author: Sickened saffron principal's office indirect expression So, tomorrow will be 9/11, and Wednesday will be the Iraq War, and by Friday we'll be pumping mortgage-backed cryptos to the moon? (http://www.autoadmit.com/thread.php?thread_id=3860772&forum_id=7#35164006) |
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Date: January 15th, 2018 9:11 PM Author: racy puce toilet seat *tanks south korean economy based on complicated smart contract re-selling JUNKDOGE loans to german banks* (http://www.autoadmit.com/thread.php?thread_id=3860772&forum_id=7#35164015) |
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Date: January 15th, 2018 9:14 PM Author: Jade very tactful legal warrant associate (http://www.autoadmit.com/thread.php?thread_id=3860772&forum_id=7#35164040) |
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Date: January 15th, 2018 10:16 PM Author: olive thriller dingle berry indian lodge (http://www.autoadmit.com/thread.php?thread_id=3860772&forum_id=7#35164633) |
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Date: January 15th, 2018 9:15 PM Author: Cracking organic girlfriend plaza We were/are due for a big correction, everybody knew that
This is not the end bros, it's just a reminder to convert huge shitcoin gains to BTC/ETH on occasion and BTC/ETH to fiat on occasion |
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Date: January 15th, 2018 9:22 PM Author: Razzmatazz Brilliant Hospital it went up 40% since Jan 3 for zero reason. now it's going to go back down 40% for the same reason (http://www.autoadmit.com/thread.php?thread_id=3860772&forum_id=7#35164134) |
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Date: January 15th, 2018 10:02 PM Author: unhinged internet-worthy yarmulke turdskin why is something called "dogecoin" worth $1B? (http://www.autoadmit.com/thread.php?thread_id=3860772&forum_id=7#35164508) |
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Date: January 15th, 2018 10:23 PM Author: Zombie-like marvelous brethren lol brother 2018 is whacky, isn't it?
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