Is the crypto winter over?

[johnarb]

I would think they will coincide with BTC performance, no?

Yes, but even within the bull market cycle, there are mini cycle tops, for example, I sold forth tokens at ~$25k still during the bull market 2021, when it was selling for ~$52k a couple of months before

I'll let you know when BTC tops. There's no hurry, it still has a way to go

Bitcoin bull market usually lasts 1.5-2 years

I'm an old fart. Don't like rabbit holes, or any holes for that matter. I can't keep up with all these things. Why dontcha keep us informed? You know, just tell us what's brewing in the larger scheme of things.

I usually share my opinions on crypto projects and tokens here and there, sometimes a new thread, sometimes on an old thread, a necro-post

The thing with airdrops is that it's little effort and little risk capital to participate on a crypto project pre-airdrop, so what's the catch? How come I did not create 10 or even 100 wallets to get the $26k to $260k?

As I said, I'm not an airdrop hunter. It takes patience, which I may have, but not the time to research and not all airdrops are guaranteed

For example, OpenSea token airdrop did not happen, those f*ckers took money from PE's and VC's and probably going the IPO route

Metamask token airdrops have been rumored forever, where is it?

I'm a yield farmer, I focus my crypto research on defi. I'm part of that breed of crypto bros

Having said that, I do like Arbitrum, very fast L2 chain, very low tx fees, it could be really good, hence I'm not selling my tokens, maybe I buy more, lol. That would be a risky move, though, drinking the koolaid of the project

 

[johnarb]

Some day bitcoin will be out of this $28k purgatory...

https://twitter.com/x/status/1643401040325230592

 

[johnarb]

Having said that, I do like Arbitrum, very fast L2 chain, very low tx fees, it could be really good, hence I'm not selling my tokens

Just a disclosure update, I have swapped all the Arbitrum tokens for another crypto

I tried to justify hodling Arb tokens but I don't see any fundamentals monetary (tokenomics) value for it

Arb is a governance token, which is not necessarily bad, it's like being a shareholder of the crypto project and Arbitrum is the biggest L2 chain for Ethereum but Arbitrum has no revenue

For example, Cake or Venus or Aave have revenues from the crypto platform operations which are then used to buy-back the tokens, thus producing scarcity and increasing the value (monetary price) of the governance token

dyor, nfa

 

[schizo]

Arb is a governance token, which is not necessarily bad, it's like being a shareholder of the crypto project and Arbitrum is the biggest L2 chain for Ethereum but Arbitrum has no revenue

What, like they're printing these tokens out of thin air? Seriously, in order to avoid another FTX in the future, these crypto firms/exchanges should be audited. What sez you to that?

 

[johnarb]

What, like they're printing these tokens out of thin air? Seriously, in order to avoid another FTX in the future, these crypto firms/exchanges should be audited. What sez you to that?

Sigh.... that's not how truly decentralized crypto assets work

There are over 40,000 crypto assets, anyone can make one, you can make one tonight (Charlie Lee started Litecoin in one night), but it does not mean that you can get anyone to use it or that you can put a (monetary price) value to it

https://www.coingecko.com/

 

[schizo]

There are over 40,000 crypto assets, anyone can make one, you can make one tonight (Charlie Lee started Litecoin in one night), but it does not mean that you can get anyone to use it or that you can put a (monetary price) value to it

I know, I'm a real sucker for these things. But apparently this dude made a coin out of thin air and it did really well. Anyway, with the right mixture of guru marketing and coding experience, I don't think it's all that difficult to crack the system (or rather, con sooooo many gullible people--literally there are gullible folks everywhere).

 

[johnarb]

I know, I'm a real sucker for these things. But apparently this dude made a coin out of thin air and it did really well. Anyway, with the right mixture of guru marketing and coding experience, I don't think it's all that difficult to crack the system (or rather, con sooooo many gullible people--literally there are gullible folks everywhere).

You can make a coin if you'd like and make millions. Just don't get caught and be cell mates with Do Kwon

Tech Lead made $10-20M with the Millionaire token he launched, still walking around, contact him for advise

Charlie Lee is estimated to have made over $300M when he sold all his ltc coins at the very peak of over $300/ltc in 2017, you can also contact him

Good luck


https://www.youtube.com/@TechLead/videos


https://coinmarketcap.com/currencies/million/

 

[schizo]

You can make a coin if you'd like and make millions. Just don't get caught and be cell mates with Do Kwon

Tech Lead made $10-20M with the Millionaire token he launched, still walking around, contact him for advise

Charlie Lee is estimated to have made over $300M when he sold all his ltc coins at the very peak of over $300/ltc in 2017, you can also contact him

Good luck


https://www.youtube.com/@TechLead/videos


https://coinmarketcap.com/currencies/million/

LOL... Yeah, like they will reveal their *secret sauce* to me.

My gripe isn't so much with those who pull these profitable, albeit fraudulent, stunts (the Do Kwons and the Charlie Lees of the world), but with those who constantly fall for them and get duped time and time again. Charlie Lee couldn't have made $300M if he didn't have his gullible followers. Just who are these folks?

Edit: I wasn't sure what Litecoin was and decided to look it up. I see it is trading at $90.86 today. Hey, even though it's down from its ATH (wherever that is), at least it's still trading. Isn't it true that a lot of altcoins of the past is no longer in existence?

 

[schizo]

Tech Lead made $10-20M with the Millionaire token he launched, still walking around, contact him for advise

https://www.youtube.com/@TechLead/videos


https://coinmarketcap.com/currencies/million/

Yeah, Tech Lead ain't no stranger for me. I knew him going back to the days when he was just a normal programmer. I kinda drifted away when he got into other crazy stuff. Then I saw those videos by Coffeezilla accusing him of fraud.

But his meme coin went up as high as $200 after the IPO and is now worth less than $2? Doesn't surprise me the least. Again, who are these idiots that fall for these gimmicks? That's what I wanna know.

 

[johnarb]

Yeah, Tech Lead ain't no stranger for me. I knew him going back to the days when he was just a normal programmer. I kinda drifted away when he got into other crazy stuff. Then I saw those videos by Coffeezilla accusing him of fraud.

But his meme coin went up as high as $200 after the IPO and is now worth less than $2? Doesn't surprise me the least. Again, who are these idiots that fall for these gimmicks? That's what I wanna know.

Why you want to know who these idiots are? I see no value there

Have you seen wall street idiots that got scammed for hundreds of millions to even billions of $ by Sam Scamman-Fraud?

You don't even need to look at crypto ecosystem, just in the stock market look at how many hundreds of billions of $ were scammed out of SPAC investors, BBBY, AMC, GME, etc

But anyway, you can be the Monday morning quarterback cynic all you want, but just so you know, things are not as simple as you think it is

Look, you invest in a crypto project based on whatever-it-is-you-like, for example, I put about $26k on Celsius (cel) tokens and it was one of the biggest ROI investment on this past bull market cycle, cashed out about $700-800k total but if I sold at the top was worth over $2.2M, but it turned out to be a total scam

And let's go full hardcore, meme tokens, do you know how many people retired because of Doge or Shiba Inu, which are based on meme-jokes?

There's a dude here on ET that probably made hundreds of millions of $ on doge. He owned billions of doge. No joke

https://www.elitetrader.com/et/threads/is-dogecoin-the-new-bitcoin.281808/#post-3935908

https://www.theguardian.com/technol...ive-quits-after-making-millions-from-dogecoin

https://www.cnn.com/2021/05/14/investing/crypto-shiba-inu-brothers-millionaires/index.html