#daytradechatter

Mon Jun 24 16:32:11 2024 (*5013e2c8*):: NVDA showing some strong support this AM for $120 (*54b3f3ac*):: Hard to know what the interwebs will deem a viral meme. There are thousands of attempted meme coins on sol shitcoin chain weekly. Its insane. 99.9 pct go to zero withing a few hours. There are people attempting this already and have a system of launching them. It can work but is mostly luck. Maaaybe if you had alot of capital to throw at it to simulate a pump and a social media following to also pump it, you’d have much better odds. I’d guess you’d need a good chunk of changed tho. Prob around 50 to 100k. And of course there is risk someone beats ya to the punch and tanks it (*5013e2c8*):: can you short sol shitcoins? (*54b3f3ac*):: Nope. And you can’t even do limit orders on most the exchanges. Just market buys. Its uber degen and dangerous (*5013e2c8*):: This is why I hate shitcoins. (*5013e2c8*):: It’s not even real trading, it’s just ponzi scheme. (*54b3f3ac*):: While I mostly agree. Btc was traded like this for years (*5013e2c8*):: The difference is BTC already existed when someone thought to themselves that they should invent yet another shitcoin or shitchain (*5013e2c8*):: Nothing quite like BTC existed when BTC came out (*54b3f3ac*):: Its has the first to shitcoin market achievement :upside_down_face: (*54b3f3ac*):: Oh they finally split nvda eh (*5013e2c8*):: which makes it not a shitcoin, whereas (almost) everything that came after was (*5013e2c8*):: XMR is the only “real” privacycoin I know of, so that’s not a shitcoin imo, and IIRC ethereum was the first to offer programmability ie smart contracts, right? So that kinda qualifies as not a shitcoin either, even though I’m not a huge fan. (*5013e2c8*):: yeah 10:1 (*54b3f3ac*):: On btc pa. 48k is the mega line in sand. Sub that would signal btc is done this bull cycle. (*54b3f3ac*):: I get your logic there. But just being first doesn’t mean your the best. Almost all companies are usurped at some point in there lifetime by a new (shitcoin) competitor (*5013e2c8*):: Depends on your time frame right? What if 2021 was BCLX and early 2024 was the ST? (*5013e2c8*):: we may just chop forward in the 40,XXX / 50,XXX range for a while (couple years?) to build support and then moon again.
But honestly, I think Trump is gonna win this fall, I think he’s gonna come down on fed like a sledgehammer demanding rate cuts (remember late 2018?), and that’s gonna make risk-on assets go ballistic (*5013e2c8*):: Regardless of who wins though, America’s spending problem shows no signs of coming under control. It’s clear to everyone who understands and is paying attention that we have left the “it’s possible to pay this off without devaluing the debt” station a long time ago. Inflationary pressures will always support assets. Almost anything scarce and durable valued in USD nominally goes up when USD loses purchasing power. RE, PM are prime examples. (*54b3f3ac*):: Hard to know what the interwebs will deem a viral meme. There are thousands of attempted meme coins on sol shitcoin chain weekly. Its insane. 99.9 pct go to zero withing a few hours. There are people attempting this already and have a system of launching them. It can work but is mostly luck. Maaaybe if you had alot of capital to throw at it to simulate a pump and a social media following to also pump it, you’d have much better odds. I’d guess you’d need a good chunk of changed tho. Prob around 50 to 100k. And of course there is risk someone beats ya to the punch and tanks it (*5013e2c8*):: can you short sol shitcoins? (*54b3f3ac*):: Nope. And you can’t even do limit orders on most the exchanges. Just market buys. Its uber degen and dangerous (*5013e2c8*):: This is why I hate shitcoins. (*5013e2c8*):: It’s not even real trading, it’s just ponzi scheme. (*54b3f3ac*):: While I mostly agree. Btc was traded like this for years (*5013e2c8*):: The difference is BTC already existed when someone thought to themselves that they should invent yet another shitcoin or shitchain (*5013e2c8*):: Nothing quite like BTC existed when BTC came out (*54b3f3ac*):: Its has the first to shitcoin market achievement :upside_down_face: (*5013e2c8*):: which makes it not a shitcoin, whereas (almost) everything that came after was (*5013e2c8*):: XMR is the only “real” privacycoin I know of, so that’s not a shitcoin imo, and IIRC ethereum was the first to offer programmability ie smart contracts, right? So that kinda qualifies as not a shitcoin either, even though I’m not a huge fan. (*5013e2c8*):: Being first does mean that anyone offering something identical to yours with no superior properties is, at best, a cheap knock-off. (*5013e2c8*):: Being first meant adoption advantage. For crypto, adoption rate is a fundamental component of the value proposition. There are millions of people like me who will never be interested in dumb meme coins, but who are interested in stuff like BTC, XMR, and to a lesser extent, ETH. (*5013e2c8*):: To my knowledge, there is nothing that any crypto can do that one of those three doesn’t do as good or better with wider adoption. (*5013e2c8*):: If that’s not correct, please let me know. (*54b3f3ac*):: I get your logic there. But just being first doesn’t mean your the best. Almost all companies are usurped at some point in there lifetime by a new (shitcoin) competitor (*5013e2c8*):: $60k test here we go! (*5013e2c8*)::
(*5013e2c8*)::
(*5013e2c8*):: $500m+ USD in buy orders currently on books between $60k and $59k (*5013e2c8*):: yeah, I think $60k is gonna be a lot more resilient than $63.5k->$60.1k was
(*5013e2c8*):: less than 20 seconds under $60k (*5013e2c8*):: in fact, there’s only a single 5 second bar that both opened and closed below $60k (*5013e2c8*):: yeah, that’s firm support for $60k (*5013e2c8*):: immediately picks back up. you can see the negative vol spike on bottom where sub-$60k algo selloff occurred, and that still didn’t even make a dent.
(*5013e2c8*):: and as you can see, by declaring that there was firm support @ $60k, I have jinxed the market into expanding my buying opportunity, which is definitely totally evidence of my genius and not evidence of how incorrect I am :joy:
(*4297a328*):: Clif jumping chop happening rn (*4297a328*):: Bull buyers are seitching to bear mode to lower lows to btfd (*4297a328*):: They just wanted to punch a price shelf at this current level (*4297a328*):: I’d still wait for after july gox supply spike to settle (*4297a328*):: May go down to the 42,069’s (*5013e2c8*):: resistance showing up at $60.5k (*4297a328*):: Resistence schmuzistence (*5013e2c8*):: QRD? (*5013e2c8*):: very yiddish of you 😉 (*4297a328*):: This market’s like 3 cosmopolitans and an espresso martini deep (*4297a328*):: Hawk tuah on the way (*4297a328*):: It’s going down (*4297a328*):: I’m yellin timber (*4297a328*):: Gox trustee says they’ll pay settlements to recipients in july, in bcash and btc (*5013e2c8*):: with what money? I thought the vast majority was never recovered? (*4297a328*):: Reasonable to assume a portion will settle to cash on cbase etc (*097dfbf6*):: :shittybear: :jimmies: :greta: :shittytrain: :nuclear-bomb: :belle: :beavis-butthead: :honeybadger: (*4297a328*):: Hawk tuah on the way (*4297a328*):: +public! Prepare your dongers it’s going down (*54b3f3ac*):: Hard to know what the interwebs will deem a viral meme. There are thousands of attempted meme coins on sol shitcoin chain weekly. Its insane. 99.9 pct go to zero withing a few hours. There are people attempting this already and have a system of launching them. It can work but is mostly luck. Maaaybe if you had alot of capital to throw at it to simulate a pump and a social media following to also pump it, you’d have much better odds. I’d guess you’d need a good chunk of changed tho. Prob around 50 to 100k. And of course there is risk someone beats ya to the punch and tanks it (*5013e2c8*):: can you short sol shitcoins? (*54b3f3ac*):: Nope. And you can’t even do limit orders on most the exchanges. Just market buys. Its uber degen and dangerous (*5013e2c8*):: This is why I hate shitcoins. (*5013e2c8*):: It’s not even real trading, it’s just ponzi scheme. (*54b3f3ac*):: While I mostly agree. Btc was traded like this for years (*5013e2c8*):: The difference is BTC already existed when someone thought to themselves that they should invent yet another shitcoin or shitchain (*5013e2c8*):: Nothing quite like BTC existed when BTC came out (*54b3f3ac*):: Its has the first to shitcoin market achievement :upside_down_face: (*5013e2c8*):: which makes it not a shitcoin, whereas (almost) everything that came after was (*5013e2c8*):: XMR is the only “real” privacycoin I know of, so that’s not a shitcoin imo, and IIRC ethereum was the first to offer programmability ie smart contracts, right? So that kinda qualifies as not a shitcoin either, even though I’m not a huge fan. (*54b3f3ac*):: I get your logic there. But just being first doesn’t mean your the best. Almost all companies are usurped at some point in there lifetime by a new (shitcoin) competitor (*5013e2c8*):: Being first does mean that anyone offering something identical to yours with no superior properties is, at best, a cheap knock-off. (*5013e2c8*):: Being first meant adoption advantage. For crypto, adoption rate is a fundamental component of the value proposition. There are millions of people like me who will never be interested in dumb meme coins, but who are interested in stuff like BTC, XMR, and to a lesser extent, ETH. (*5013e2c8*):: To my knowledge, there is nothing that any new cryptocurrency can do that one of those three doesn’t already do as well or better, and with wider adoption than the new alternative. (*5013e2c8*):: If that’s not correct, please let me know. (*4cfb807c*):: MDMC could prospective pamp the britches off a meme coin, w/ multiple experienced Gundam Meme Voltron operators at the helm (*4297a328*):: I’d still wait for after july gox supply spike to settle (*5013e2c8*):: QRD? (*4297a328*):: Gox trustee says they’ll pay settlements to recipients in july, in bcash and btc (*5013e2c8*):: with what money? I thought the vast majority was never recovered? (*4297a328*):: Reasonable to assume a portion will settle to cash on cbase etc (*4297a328*):: Sauce https://x.com/WatcherGuru/status/1805168222645244311 *** Watcher.Guru (@WatcherGuru) on X *** JUST IN: MT. Gox says they’ll start $BTC, and Bitcoin Cash repayments in July. *** X (formerly Twitter) (*4297a328*):: https://x.com/WatcherGuru/status/1805168222645244311