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Crossifix437
| Favorite team: | LSU |
| Location: | |
| Biography: | |
| Interests: | |
| Occupation: | |
| Number of Posts: | 14 |
| Registered on: | 6/12/2017 |
| Online Status: | Not Online |
Recent Posts
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re: The Book of Boba Fett (Chapter 7 FINALE SPOILERS pg.41)
Posted by Crossifix437 on 2/3/22 at 6:55 am to bcoop199
Did anyone catch Luke say that he wasn’t teaching Grogu, as much as Grogu is remembering? Is that a foreshadowing of Grogu being someone else? Does that mean that he will just naturally become strong with the force and doesn’t actually need training? That little tidbit between Ashoka and Luke highly intrigued me.
re: GameCoin gets some new press
Posted by Crossifix437 on 1/31/22 at 8:58 pm to BZ504
This was a rug pull to the max, yet we hate to try to see someone of our own would do that. But for those that understand math:
100,000,000,000 coins established, with an unknown quantity created to begin with, as well as nothing I can find listed in their tokenomics about the original offering..
25% of those were thrown into an unverified, unaudited, burn wallet.
Leaving --- 75,000,000,000 tokens.
So putting that into a real perspective, with a company that you really cannot tell what they do, that looks more like an unorganized NIL propaganda tool, the company is now worth roughly $115M
Putting it more into perspective, the diluted market share including the burned tokens is roughly $154M.
Now we look at the top holders - Roughly 58B coins are owned by the top 17 wallets, and zero of the holders are actual BTC or ETH whales. That leaves 17B coins left to actual people that are willing to wait and see if it does anything. You also have to realize that there are only 2 holdings in a decentralized exchange now (the billion in pancake swap really shouldn't count as that was how the original founders pulled the rug to begin with). Still the pancake swap platform with 1.3B coins trades at a daily volume of $45k Bitmart does have a low volume exchange of 308M coins, but the trading volume is very low at roughly $120,535 trading hands a day. This reeks awfulness at all levels.
If this thing does anything more than what it is at the moment, color most everyone shocked. If it gets any real traction, then I believe another rug pull will be en route.
If you are wanting to invest, I wouldn't put money into this. It really has done its purpose, and unless some huge investors come in, and start shilling big named athletes, this will just be one of the horror stories of crypto. No real utility. No real world value. Someone just took a few people for a ride.
100,000,000,000 coins established, with an unknown quantity created to begin with, as well as nothing I can find listed in their tokenomics about the original offering..
25% of those were thrown into an unverified, unaudited, burn wallet.
Leaving --- 75,000,000,000 tokens.
So putting that into a real perspective, with a company that you really cannot tell what they do, that looks more like an unorganized NIL propaganda tool, the company is now worth roughly $115M
Putting it more into perspective, the diluted market share including the burned tokens is roughly $154M.
Now we look at the top holders - Roughly 58B coins are owned by the top 17 wallets, and zero of the holders are actual BTC or ETH whales. That leaves 17B coins left to actual people that are willing to wait and see if it does anything. You also have to realize that there are only 2 holdings in a decentralized exchange now (the billion in pancake swap really shouldn't count as that was how the original founders pulled the rug to begin with). Still the pancake swap platform with 1.3B coins trades at a daily volume of $45k Bitmart does have a low volume exchange of 308M coins, but the trading volume is very low at roughly $120,535 trading hands a day. This reeks awfulness at all levels.
If this thing does anything more than what it is at the moment, color most everyone shocked. If it gets any real traction, then I believe another rug pull will be en route.
If you are wanting to invest, I wouldn't put money into this. It really has done its purpose, and unless some huge investors come in, and start shilling big named athletes, this will just be one of the horror stories of crypto. No real utility. No real world value. Someone just took a few people for a ride.
re: Check dated 2021 but deposited in 2022 - which year do I pay taxes on it?
Posted by Crossifix437 on 12/30/21 at 7:52 am to castorinho
What year are you deciding to account for it? 2021 or 2022? Just post the check to whatever year you cash it in against your receivables. You have a 90 day window to deposit funds upon receipt of them. Fortune 500 companies do this all the time to float 1st quarter profits, or so I have heard.
re: Official CryptoTalk Thread
Posted by Crossifix437 on 12/17/21 at 8:31 am to BottomlandBrew
I treat crypto more like gambling unfortunately, especially right now with BTC volatility. I'd end up with half in ETH, and divide the rest equally in CRO, ANKR, QNT, and MANA, gambling on Bitcoin to 80k, and the alt coin season exploding.
re: Official CryptoTalk Thread
Posted by Crossifix437 on 12/15/21 at 6:41 pm to Billy Blanks
Mana, Sand, and Enj are some of my favorites. Wish I would have seen Mana at .23. Im hoping gala will run around in that same wing. Been in it since about that mark, and the creators of gala, are the ones that started Zinga originally. Not sure if that will equate to profits, but it's at least a familiar group of companies.
re: Official CryptoTalk Thread
Posted by Crossifix437 on 12/15/21 at 4:24 pm to Grassy1
Grassy1, yes Coinbase has more options. Depending on how much money you are putting into the market depends on if you want to invest that way, and what you believe that the market is going to do. Historically to a fault, bitcoin goes up first. Ether second. Alt coins last. So depending on if you are long term, or short term, should steer you to where you need to put money. No one knows exactly what the financial advise is for the crypto market. Its all emerging tech, and has serious risks for investment. If anyone gives you can't miss financial advice about crypto markets, you should be severely skeptical. A great place to start is researching things in coinmarketcap.com, and do some research.
re: Official CryptoTalk Thread
Posted by Crossifix437 on 12/15/21 at 8:14 am to rocket31
That's the general consensus, plus we should have a glut going into the market between Christmas day to the first. Hopefully all of these market guru's are correct, and that huge bitcoin they are saying will actually hit in the next 3 months. That should spur an altcoin season, and we can see parabolic gains from some of the up and coming projects, as well as some of the favorites from earlier this year. 5x-20x gains are sorely missed right now.
re: Official CryptoTalk Thread
Posted by Crossifix437 on 12/15/21 at 7:37 am to tenderfoot tigah
I keep wanting to go back in on the meta market, but Im stuck holding bags of dollars waiting to enter the market again - minus a few snipes. Hopefully the Fed meeting doesnt scare people to the bottom of the market later today.
re: Official CryptoTalk Thread
Posted by Crossifix437 on 12/10/21 at 12:20 pm to down time
For a long term hold yes. Probably safest bet out there.
re: Official CryptoTalk Thread
Posted by Crossifix437 on 12/9/21 at 4:05 pm to brdrone
I like mana, fear, revolve, and the ones you mentioned above, but I think Enjin will be the big winner. They have some great projects theorized, and I think the play to earn model will catch major traction. The makers of Call of Duty were looking at one too, but I cant remember exactly which product. That could end up a pretty serious project, but is pretty far off in the making. Moving from micro transactions, to meta worlds is going to take some time to catch on.
re: Official CryptoTalk Thread
Posted by Crossifix437 on 12/9/21 at 3:49 pm to 21JumpStreet
Im no "crypto whisperer" either, but I don't think so yet. If you look at BTC's past performance, it is lining up with what it is doing now. There are also some things coming up first quarter of next year that can explode the market. SEC/Governmental acceptance, XRP lawsuit, and emerging markets (NFT/Meta/web 3.0 adoption) should keep it going for a while longer. I'm not sure you will see more of a bear market, than actually a series of flash crashes here and there. Look for another to $45k range probably pretty soon, before it decides to go on its way up. My thinking is it will get back up to 50k-51k then trend down again before take off.
re: Coinbase Functionality?
Posted by Crossifix437 on 12/9/21 at 3:33 pm to seawolf06
Coinbase pro is made mostly for spot traders. Best thing for recurring buys is some sort of a bot. Im not a fan of them though. You can set up your limit trades infinitum, as long as you have the currency to do so.
re: Coinbase Functionality?
Posted by Crossifix437 on 12/9/21 at 3:31 pm to Grassy1
Ha. Last post was about Gustav I think. I lurked all the time. But I dove headfirst into crypto lately, and learned alot doing things all the wrong way. I would like to help anyone fooling with it from making the same mistakes.
As far as historical charts. Just use trading view. You can see all exchanges charts for what they offer. The bad thing about charts at the moment is, they dont matter. Until Bitcoin finds its footing, you are just poking in the dark. I expect another crash to 45k or so before I start fooling again with my positions that are not passive income.
As far as historical charts. Just use trading view. You can see all exchanges charts for what they offer. The bad thing about charts at the moment is, they dont matter. Until Bitcoin finds its footing, you are just poking in the dark. I expect another crash to 45k or so before I start fooling again with my positions that are not passive income.
re: Coinbase Functionality?
Posted by Crossifix437 on 12/9/21 at 11:32 am to Grassy1
You can move your coinbase funds to coinbase pro without penalty as well. You also get your limit orders, stop orders, etc. No real need for coinbase classic.
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