I was told I was using a log chart to make crypto look bad :)
Updated
Ooooh right, the linear chart looks much, much better right?
"You use a log chart so it looks like crypto is not at bottom and still has a lot of downside left".
Noooo, I use the log chart to avoid giving heart attacks to crypto investors from 2017. ;)
We are going to hear less and less of "I do not care about how much in fiat I have, I care about increasing how much crypto I own".
What is 1 million times 0?
This is an educational post but mixed with analysis since I use crypto as an example, posting it as Analysis then. Hope you understand better how this all works (if you did not know already).
And even for those that know, this is a good example. We can always learn more.
Anyway here is my list of bottoms, first of all it is very posisble we go below that, but even if we do, once these values are reached we at least very probably get a bounce:
Bitcoin: All I know is it is going 3 digits OR maybe $1000 with big buys.
ETH: 10-50$
LTC: 5$
XRP: HAHA
BCH: 0...? Idk. I would not touch it. There is no bottom...It was born during the mania, already down 90% even thought it's in the top crypto's.
EOS: EOS coins give you 0 rights over EOS company/endeavors...
Stellar: Noob coin. Falls even more than the rest. I would be surprised if 1 cent holds.
Tether: 0... If you know what I mean.
Cardano: 1-2 cents
Monero: Do criminals support make it better or worse? I am going to say 5 to 25$ here.
Iota: 15 cents or disappears entirely.
TRON: LOL. Tron. XD Ok but seriously I think TRON is going to 1 dollar. Negative thought. LMAO TRON, just looking at that crap makes me smile XD
ETC: 1 dollar. Lol tron. Just the name... That Justin Sun scammer streaming himself telling everyone he will change the world web 3.0 while he sells his worthless coins XD.
Dash: 15 bucks I guess.
NEO: If you bought at $100+ I do not think you want to see this. I won't tell, do not want to cause any heart attacks. But then again it went $200 to $13 alreayd so... But well, pass, This might make some people cry.
BNB: Should retain value as people (ACTUALLY) use it for something which is sell their worthless crypto, and get a discount for it. When will Binance stop the discounts thought? Watch out! Wow what a surprise, the 1 crypto that is used does not drop in value like the rest? Who would have guessed?
NEM: 1 to 5 cents I guess
VeChain: 1 cent or something.
Tezos: That "thing" is in the top 25 so I am listing it... Target is 0.
Zcash: 25-50 bucks, could even stay higher. It is not as attractive to noobs as the rest. Seems solid and could survive.
OMG: Don't know, don't care. probably 0.
Lisk: Under $1
Ok stopping it here I don't even know the next ones.
A few special mentions:
ICX: Worthless pump and dump noob coin. Target 0.
Verge: I think that one is even worse than TRON. I cannot even give a target there are too many 0.
Here is a chart:
Oh by the way, Verge means penis/vagina in french.
Here is a video that explains quite clearly how these mania work:
youtube.com/watch?v=sQv1S0g6VR4
Here is a chart, it is cut in 5, I regroup innovators and early adopters as my wave 1 (2009-2011), early majority = wave 2 are those that joined during the 2013-2014 bubble, and then most of wave 3 are the march 2017-october 2017 "early adopters" such as the nl guy that sold everything to buy crypto and now lives in the woods with his family lol, "oldskool fellas" as crypto yoda said so well (I don't hate the guy I am just lazy to check other examples), and then the laggards - wave 4 are the people that bought at the extreme of the madness.
cdn-images-1.medium.com/max/1600/1*c7rruODia9ZN6WVgc8PiZQ.png
"You use a log chart so it looks like crypto is not at bottom and still has a lot of downside left".
Noooo, I use the log chart to avoid giving heart attacks to crypto investors from 2017. ;)
We are going to hear less and less of "I do not care about how much in fiat I have, I care about increasing how much crypto I own".
What is 1 million times 0?
This is an educational post but mixed with analysis since I use crypto as an example, posting it as Analysis then. Hope you understand better how this all works (if you did not know already).
And even for those that know, this is a good example. We can always learn more.
Anyway here is my list of bottoms, first of all it is very posisble we go below that, but even if we do, once these values are reached we at least very probably get a bounce:
Bitcoin: All I know is it is going 3 digits OR maybe $1000 with big buys.
ETH: 10-50$
LTC: 5$
XRP: HAHA
BCH: 0...? Idk. I would not touch it. There is no bottom...It was born during the mania, already down 90% even thought it's in the top crypto's.
EOS: EOS coins give you 0 rights over EOS company/endeavors...
Stellar: Noob coin. Falls even more than the rest. I would be surprised if 1 cent holds.
Tether: 0... If you know what I mean.
Cardano: 1-2 cents
Monero: Do criminals support make it better or worse? I am going to say 5 to 25$ here.
Iota: 15 cents or disappears entirely.
TRON: LOL. Tron. XD Ok but seriously I think TRON is going to 1 dollar. Negative thought. LMAO TRON, just looking at that crap makes me smile XD
ETC: 1 dollar. Lol tron. Just the name... That Justin Sun scammer streaming himself telling everyone he will change the world web 3.0 while he sells his worthless coins XD.
Dash: 15 bucks I guess.
NEO: If you bought at $100+ I do not think you want to see this. I won't tell, do not want to cause any heart attacks. But then again it went $200 to $13 alreayd so... But well, pass, This might make some people cry.
BNB: Should retain value as people (ACTUALLY) use it for something which is sell their worthless crypto, and get a discount for it. When will Binance stop the discounts thought? Watch out! Wow what a surprise, the 1 crypto that is used does not drop in value like the rest? Who would have guessed?
NEM: 1 to 5 cents I guess
VeChain: 1 cent or something.
Tezos: That "thing" is in the top 25 so I am listing it... Target is 0.
Zcash: 25-50 bucks, could even stay higher. It is not as attractive to noobs as the rest. Seems solid and could survive.
OMG: Don't know, don't care. probably 0.
Lisk: Under $1
Ok stopping it here I don't even know the next ones.
A few special mentions:
ICX: Worthless pump and dump noob coin. Target 0.
Verge: I think that one is even worse than TRON. I cannot even give a target there are too many 0.
Here is a chart:
Oh by the way, Verge means penis/vagina in french.
Here is a video that explains quite clearly how these mania work:
youtube.com/watch?v=sQv1S0g6VR4
Here is a chart, it is cut in 5, I regroup innovators and early adopters as my wave 1 (2009-2011), early majority = wave 2 are those that joined during the 2013-2014 bubble, and then most of wave 3 are the march 2017-october 2017 "early adopters" such as the nl guy that sold everything to buy crypto and now lives in the woods with his family lol, "oldskool fellas" as crypto yoda said so well (I don't hate the guy I am just lazy to check other examples), and then the laggards - wave 4 are the people that bought at the extreme of the madness.
cdn-images-1.medium.com/max/1600/1*c7rruODia9ZN6WVgc8PiZQ.png
Note
I already posted this in my crypto logic idea, but let me repeat myself:"I want to buy crypto and sell much higher so I am rich and do not have to work and just sit on my ass all day"
When they see someone that has success in trading and does not need to work (in my case I skip work 1/3 of the time & this week I had no work because the client I was working for does not want to continue with me so I am out of a job, my company is looking for a new job for me OR they fire me idk idc):
"NO LIFE!" "If you post so much about crypto you clearly hate it!" "Get a life you have way too much free time!"
Let me post my past "overly bearish" "ridiculous" "clown" calls:
1/ Before I joined Trading View, I was calling for Bitcoin $6000 back in late december and January, let's just say I was not exactly taken seriously. All I have here are these screenshots (Did not bother to save everything back then lol):
imgur.com/r34py8L
2/ I made some ridiculous claims LISK would hit 10$ and bounce, 7$ and bounce, 5$ and bounce, 2.5$ and bounce...
"Lisk 2 bucks? hahahaha you are entertaining :joy:" I think people started a fight with me in tv chat for this - I am the one that got banned since mods are so objective.
3/ I do not remember where I said it and I have no screens but back when ETH was 750$+:
"ETH will go to 500$, then 350, then 250-300 area, then 100 etc..." (something like that).
1rst "ETH 100$? Noob. 500$ maybe, but NEVER will it go to 100 or 350!"
When ETH goes below 500 "ETH $100? Maybe 350 but never 100.."
There is something I should have done it is each time call for a new bottom and take a screenshot would have looked something like this
ETH 750$ I call for 350 "ETH 350? you're crazy, maybe 500, just MAYBE, but NEVER 350"
ETH 500$ I call for 250 "ETH 250? you're crazy, maybe 350, just MAYBE, but NEVER 350"
etc. See a pattern here? And I am the ridiculous one.
4/ "Litecoin. No it's not going to bottom at 100$"
Hated on twitter & chats
5/ "Why I think Litecoin is going to zero"
Nice hate I got in my comments. Just clic on play today, and come back later clic on play again.
Would be a miracle if it did not drop at least to $10
6/ Waiting for it...
Note
* Almost all the "early adopters" true believers in crypto are from waves 3, maybe 2.* The "true believers" "og's" which are from waves 2-3, mostly 3, that have companies, do NOT accept crypto as a form of payment. They have some lame explanation every time.
* The innovators & actual early adopters are almost all gone. Some are dead, some have quit. Mark Karpeles said he does not believe in Bitcoin anymore.
You look at Litecoin, Charlie Lee sold it all.
Where are they? All the people from 2009-2012? How many are left? 1?
This wave thing, it is a well known thing I did not make it up, you can read into it.
Read this carefully:
WHEN THE EARLY ADOPTERS ABANDON SOMETHING, AND THE ONLY PEOPLE LEFT ARE THE PUBLIC, IT IS NOT A SIGN SOMETHING WILL EXPLODE AND BE THE NEXT BIG THING.
The victims of crypto that cannot believe they lost their money are basically saying a house can hold strong when its foundations are gone. K good luck with that one.
Road to triple, maybe double, digits. Maybe ZERO.
Here is the chart with waves in an article:
thebitcoinmag.com/2017/12/29/early-adopter-pioneers-bitcoin/
Note
Arguing with a moron is like playing chess with a pigeon. No matter how good you are, in the end they will jump on the board hit the pieces and act victorious.
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