I bought the dip.

I'm not sure where you keep getting all this cash? Do you have a money tree in your back yard?

I ran out of play money buying the last 14 dips.

So where's the bottom here? I'd be good with it going clear to 30k tbh. Ultimately, I'm pretty sure no one thinks these are going to 0, so where are these people putting their money? Are the people only playing for money thinking 68k is a wall that we aren't getting over anytime soon and moving to other assets?

If you're rooting for $30k, why not root for $5k? That would wipe most of us out around here.

I don't mind a pull back, but getting slaughtered isn't my idea of a good time. This feels like May again if you ask me. Probably see a false bottom in the next day or so, followed by an even larger drop if it goes the same way it did a few months ago.

Micro trading view…

There’s a likely bounce at 56k ish. If that’s a reversal or dead cat has yet to be seen. 4 hour looks bad. 1 day isn’t broken yet.

Macro
If you can wait four years you’ll be fine.

Edit I bought more Sand yesterday, not much should have gotten more but little tight on fiat atm.

Edit
You can watch the bulls and bears fight live
https://aggr.trade/

I get it, but this really is a long play - think of the people who've been holding this stuff for 10 years. You're only slaughtered if you sell. I don't think of this stuff like stocks where it is dependent on earnings. This is basically, how many people can you convince to put money into it - with no actual backing. Since people want this to takeover FIAT, I would say you should hope for it to go as low as possibles so you can load up on it if you hadn't already. I said 30k because it seemed more realistic than 5k at this point but I doubt it gets anywhere near that. My profits are pretty much already gone because of where I bought in, but long term, it will go back up unless of course, it really is a pyramid scheme.

Anyone look into Strong nodes? Seems "too good to be true" in terms of what you can make per node. Even the likely reward degradation doesn't seem like enough to make this not a potentially very lucrative investment.

Looking for Bitcoin to get closer to $53k for a big load up. Have bought very small amounts of Btc and Eth so far just in case it does shoot up. Gaming cryptos seem like a potentially huge space, I did put some in there as well, will put in a lot more probably but need to research the space more, hopefully they slow down while I do that.

So years ago I transferred money from my Roth to Propser (online lending platform). As loans get paid off and I then have cash in that account I've been transfereing it back to my E*trade Roth account and buying GBTC with it...at a nice discount.

I don't know shit, but I'd be very surprised if we broke below 53k.

P.S. I've been very surprised in the past

I’m interested in the gaming space…
My few gaming NFTs are doing pretty good this week. Do you have any cryptos that I can research?
I’m familiar with Axie and a few Solana ones.
Sand is crushing it.

Damn. Another coin I can't buy.

I have to figure out how you are buying all these. I just get lost if it's not on one of the major exchanges.

Well if you are just looking for ideas here are some, not saying I recommend them, just a big list of some of the things I am looking into.

IOI, UOS, CWAR, SLP, POLC, FINA, PYR, Super, Moonriver, Derace, Illuvium
Shiryo Inu

Some others that I don't think are trading yet/not released

big time, Polygod, Decimated, kingdom raids

Where can I buy SAND? I don't see it on CoinbasePro or Binance. I think it's time I opened a new crypto account at one of the other exchanges.

ALGO has been good for me in this downturn, although it spiked big last night, if I was paying attention I would have sold it.

I just got started in crypto so I'm new here, been devouring information on it anywhere I can. To buy Sand for me was kinda weird, Coinbase doesn't trade it but you can buy it from Coinbase Wallet. So setup a Coinbase Wallet and connect it to your main Coinbase account. Then you have to transfer some Etherium over to your wallet as apparently that's what's required to buy Sand. Once you have that you can select Trade from Coinbase Wallet, choose your buying currency (Etherium in this case), choose what you wanna buy (Sand in this case) then make the purchase. It also hit me with something called gas fees which I had to look up, they seem to vary all over the place so I waited until they were more reasonable then made the purchase.

I'm still learning all this though and yeah it can be supremely confusing.

Got sand on crypto.com. A buddy turned me onto the site when he was looking for BNB and Binance was taking weeks to approve his account. Could be good to get Sand before it launches on bigger platforms.

It was cheaper than paying uniswap Eth fees.

Interesting, I have Coinbase Wallet and I have just been stashing crypto there, I didn't realize you can trade from there. Tested it out, absolutely could do it, but got a warning about the high gas fees right now and cancelled it.

I'll probably open a Crypto.com account. Anyone benefit from giving me an invite code?

https://crypto.com/app/jrmanjg2n6 to sign up for Crypto.com and we both get $25.

So, while it has good reviews, I tried to install the app, it installed, asked for my email, then promptly says 'newer version update required before continuing' and takes you right back to the playstore. Basically just bounced back and forth between that screen and the playstore - doesn't point you to any other app, just the same one that you just installed. Promptly uninstalled. Not interested in an app that can't even get the registration process error free to hold my money.

I still don't understand the reasoning behind (most) NFTs as a long term product. Not the idea of NFTs being inherently doomed, but that almost all of them seemingly have a relatively limited cultural lifespan, and then an NFT market burgeoning with growth will constantly mint more and more new ones. Random influencers of 2021 will be fully replaced by far more influencers of 2031, and the cultural churn will continue.
So give the current zeitgeist amongst people that love and promote NFTs, is there a cultural expiry almost built into each one (their specific cultural clout) thus making any specific NFT a very limited product for long-term holding?

It really depends I guess. The majority will wither to nothing, but...art is art, if you are into it...and some art always holds value...

My Gambling Apes are doing great from a .07 mint to floor of .7 today.
Each ape gives you a share of 70% profits from an online casino.
They also give you access to weekly bet pools worth anywhere from 2k-5k that are free entry if you own one.
Also few other perks.

So what do you actually earn from that...on average?

How are dividends arranged and what kind of institutional liability is this online casino? Is this some kind of way of bypassing stock IPO regulations because at a distant glance it sounds like a dividend paying stock

And to comment on your daily gains, my thinking is of NFTs as long term products. Everyone seems hyped on them purely as short term assets, and the market design seems to reinforce that.
Contrast that with BTC investors in this thread that hold confidence on the asset for 10-20 year timespans

https://whitepaper.gamblingapes.com/

I’ve never won one. Every week it’s a different game. Some times it’s a sport bets, sometimes poker, this week its two blackjack tournament.
Here’s payout

8BC309B3-9854-4E38-8237-25A2294E3925 (resized).png

What daily gains?
I don’t plan to sell any apes for a long time. You and I have totally different feelings on NFTs. That’s fine, there are millions of ways to make earnings in crypto.

I am not trying to insult NFTs, just analyze them from a purely economic perspective. There a tonne of other critiques to make but that's not what I want to discuss. So looking at them purely as a financial instrument, are they (I'm talking any specific NFTs, not NFTs as a whole) purely a short-term investment vehicle?

I'm not sure that anyone can really answer that question. The NFT craze has just started so who knows what is to come of the space. As for just short term, then no. The most expensive NFTs were dropped in 2017 and just recently went from being basically worthless to making a lot of people millionaires.

With that said, there are a lot of "get in, get out" FOMO projects where you don't want to be holding the bag. Ask me how I know........

+ crypto is still very risky and you should only go into it with money you can afford to lose

There’s a few that I’m in that are slow burns. The creators used the NFTs to bankroll the business. I’m hoping the payout will be late 2022- early 2023 when they launch their game…an example is Yakuza Cats.

Gambling apes raised about 2 million from the initial sale of their NFT. They raised more money from royalties than from the original sale.

Crypto and buying pinball machines kinda go hand in hand.

I dont expect to make money.

If I do, I buy more pinball machines lol.

or choose to HFSP

Pogs are about to make a comeback and THEN we strike!

Nice dip yesterday - bought more $ETH.

5 years from now, some are going to look back and say "glad I did" while others will say "wish I had".

I prefer the former.

welp I had to see this awful comic and now so do you

20211119_160209 (resized).jpg

This raises some questions. Chief among them, is this really the type of conversation you overhear at a Good Charlotte concert?

LMAO I hadn't even noticed that detail

I'm actually not sure what the point is? The girl is a ditz who will get rekt, and the boomer is a dick.

That's like saying "I don't understand the reasoning behind dirt." Dirt has 1,000,000 different uses.. you can find it outside your front door for free, and you can find it in a bag at Home Depot for $20. It can be key to growing watermelons in your garden which you can sell at market. But most dirt is free and has little tangible value and you buy water and soap just so you can get it off your car

NFTs have hundreds of use cases today and it will be millions in the future. It can be pretty art, it can appeal to a collector, it can be used as a Twitter profile picture, or it can have utility. Utility can come in 1,000,000 forms too. For example, owning a Gambling Ape NFT means you get access to information you can use for sports betting, access to games with payouts if you win, and soon access to casino profits from their web site, and their casino in Decentraland. It's a similar idea to buying Draft Kings stock and receiving dividends. Some of that can be considered a security,

The utility I tend to look for tends more toward community membership that involves some sort of information, free future drops, mint whitelists, offering both tangible and intangible returns, and if the project delivers and continues to add value, the value of the NFT continues to rise. In that we see NFTs worth well into the 6 figures, sometimes 7. That's the equivalent of a country club membership, or a Harvard admission. Why would you pay that money when you can attend a local community college, eat at a local restaurant, swim in a community pool, play golf at a municipal golf course? It's the access to people and information. If you pick the right project on opening day for $500 and 5 months later it's worth $200k, there's a reason for that, and it has nothing to do with right-click-save of the image. At that point you can sell for $200k to someone else once the value is proven, or you can keep the value for yourself.

As an example, you could have originally minted a Bored Ape Yacht Club NFT for <1 ETH earlier this year, and this week Jimmy Fallon bought one for 46.6 ETH ($220k). Why? Because other celebrities and sports stars own one, and all of a sudden there's some level of access and meetups available to members. Sure there's also some utility in free mints now worth 5 figures, staking tokens coming, but the value is in the people and the credibility that belonging to that club can give you. Some speculate BAYC NFTs will be worth 7 figures in the near future. BAYC may not be your cup of tea, but there's likely a project out there, or one that is coming, that will fit you better.

To your comment about how it retains value... what if Jimmy Fallon becomes broke, loses his credibility and sells his BAYC NFT? More than likely a newer celebrity will buy it and the cycle continues.

And let's be honest, a lot of it is a lot like opening up a pack of pokemon cards.... just hoping that you land on that 1 rare one that will be worth the equivalent of 100 more packs of cards so that you can continue to roll the dice

No wonder I don't get it. I'm really not much of a gambler. Never bought packs of Pokemon cards, or any other cards. When I did play video games I never ever bought the extras...the advantages, or the "rare items".

I'm guessing the "Metaverse" will mean very little to me, and that's okay. Doesn't make me or the people who will devour it, right or wrong. We all have different judgements of what constitutes "value".

I understand the value proposition of Bitcoin...I really don't fully grasp the value proposition of ETH or any of it's competitors. Doesn't mean I don't own any...having a hedge is usually not a horrible idea; but put your real value, time and effort behind things you truly understand.

For me, they are a long term investment vehicle, but I do occasionally sell dying NFT projects from my collection - some at large losses - to reinvest in newer projects. For me, it’s part collecting art and part financial investing/gambling. Not expecting to get rich on them, but that’s certainly a possibility, just like winning/minting a rare lotto ticket.

I find NFTs to be far more enjoyable than just buying crypto currencies and stocks and waiting/bean counting for years/months to see if they go up or down (yawn). If you were smart or lucky enough to invest in CryptoPunks, Bored Apes, CyberKongz, Meebits, Autoglyphs, Fidenzas and many other successful NFTs, you made it and probably don’t have to work again long-term. This stuff is easier said than done, though.

Recent NFT projects I’ve aped into on are Angry Ape Army, Non-Fungible Fungi, BearX, Jungle Freaks, Cosmic Wyverns, Cool Dogs, Desperate Ape Wives, Boonji Project, Ape Gang and the Disney+ gold NFTs on Veve. Hoping at least a few of these do very well; the Disney ones are like literal gold, so far! Not planning to sell or flip any of these NFTs anytime soon. HODLing all long term to see where they go. The CryptoPunks are in a deep freeze for at least 5 to 10 years.
03C628D2-0C4D-4252-87EB-BB635EDC5EEA (resized).jpeg04BFA945-FF35-4F09-ACFE-AB06F7A7FEB2 (resized).png35666F86-63EB-415D-9996-C44DE4E77FBD (resized).jpeg40FF279B-D831-47A2-9499-A45AC101F8B9 (resized).png604B3077-E75C-431B-B41E-C40E465AF4E5 (resized).jpeg67F350CD-4736-412F-A487-5802E33B5972 (resized).jpeg6B3A0B84-FD04-483E-AE7C-FE22FC24034A (resized).jpeg7772FACC-D609-4717-B091-50DED7456862 (resized).jpegA65253D3-9DDA-4A52-AAEA-D04C921C6D49 (resized).jpegA8447E83-3031-4BDA-8DDE-DDCFA0944C1D (resized).pngDDD25B53-5C1C-4B08-8EA6-0E3A2BE60196 (resized).jpegEADE4830-249D-4214-BEB0-65FBC7906504 (resized).jpegEF2BE0EB-EF4C-4C30-B73E-33CFC8462F03 (resized).jpeg

74394ECD-3D95-4F80-9210-5D3182630930 (resized).jpeg

I have bought a few nft on speculation. The art of some are becoming really amazing. The first one that has really struck my own taste in art has been Non-Fungible Fungi. I have one jar now and might wait for minting to buy a bog that I like the aesthetic of. These will be my long term speculative play to which I like the art enough to be happy with a loss if it comes to that.

Just not a fan of pixel art. I passed on what would have made me some money in pixel art but that’s ok. I just didn’t get it yet. Not that I get it now, but I’ve done my research to understand what I like more than just buying into anything.

Have you looked into JRNY NFT club? Mints next week. Sounds up your alley though I think it’s going to be expensive but most likely will instantly increase in value.

My FOMO starting to kick in now!

HapeBeast has me excited, but I don’t see being lucky or rich enough to buy into that project. The genesis Hapes are already selling for stupid money on OpenSea. They do look super cool, just like the fungi!

https://twitter.com/hapebeastgang?s=21
https://opensea.io/collection/hapebeastgenesis
https://twitter.com/fungiblefungi?s=21

Yes I looked into that one as well. But is too expensive for my risk basis. I do like the 3D rendering better.

This project looks super interesting, thanks for the share! Might have to get my hands on one of these mint passes. Keep the good alpha coming!

https://twitter.com/jrnyclub?s=21

Render is on a tear, something like 8x in 20 days. I think it's a crypto worth investing in since it's going to be used in a lot of games, but I am not sure if I can buy it after such a huge run.

You do realize what you just basically said is you prefer gambling to investing.

I think the mindset I've seen based on some things you've said in the past though is you have that kind of money to throw around. I can't see giving this as investing advice to anyone who has limited funds trying to make money.

Wow, did I call that one...up almost 3k in 2 hours.