Is he legit or just memeing?

MPmaster
MPmaster

Crypto is as good as dead if not > 500b

All urls found in this thread:

youtube.com/watch?v=2RRxiRdTPBc
tradingview.com/u/MagicPoopCannon/
youtu.be/j-fWDrZSiZs
galgitron.net/Post/The-Myth-of-Market-Cap---Version-2

Sharpcharm
Sharpcharm

he drew a line on a chart.

Evilember
Evilember

$500 billion is probably just the number he needs to not kill himself

thats the price you pay for not locking your coins

CodeBuns
CodeBuns

Are you retarded. Serious question.

New_Cliche
New_Cliche

lel, the real MC should be only be about 100M right now. The current MC is inflated because of alts trading with BTC pairs

Nude_Bikergirl
Nude_Bikergirl

He literally did.

Garbage Can Lid
Garbage Can Lid

taking investment advice from someone who calls himself MagicPoopCannon

Booteefool
Booteefool

Didn't crypto first crossed the 500 billion line last November? Does this mean that before that, it was dead the whole time?

Bidwell
Bidwell

Bubble popped just about where it was predicted here earlier on only a retard didn't sell 19k+ and is now having a comfy year

idontknow
idontknow

if the market doesn't go up, it will go down
t. Genius investor

lostmypassword
lostmypassword

He's right. That's how we get to 2k.

Deadlyinx
Deadlyinx

Yeah, so?

PurpleCharger
PurpleCharger

Ikr. Guess crypto was dead this whole time

StrangeWizard
StrangeWizard

XXXXXth time crypto is declared dead!

Stark_Naked
Stark_Naked

Survivor bias, etc. The pop had been predicted weekly for months. Of course it was bound to happen at some point, but smug people would post exactly what you did no matter when it did, so if you're not larping, you were just lucky, and are likely too dumb to realize it, meaning that you now will act with false confidence, thinking that you know what you're doing, and start losing, probably more than you would have otherwise.

Techpill
Techpill

Yeah, I'm really going to listen to a guy called MagicPoopCannon

Snarelure
Snarelure

People will soon find out the real legit products will have fiat pairings. Big money goes there.
The shitcoins that have to trade against eth will be gambles and a "it might be the next best thing"
And Coinbase is a good start.
But we can do better.
Watch VeChain show how it's done.

WebTool
WebTool

Most of his calls lately on tradingview have been spot on.

idontknow
idontknow

Its false information anyway, there's tons of BTC and Ethereum out of circulation, same for many other coins. The whole marketcap of crypto is false, its likely -40% from whatever you see on CMC.

Ignoramus
Ignoramus

youtube.com/watch?v=2RRxiRdTPBc

cum2soon
cum2soon

It was always manipulated, nothing changed.

takes2long
takes2long

Im not gonna listen to someone who follows someone called mr poopy butthole either

Methshot
Methshot

This guy usually has decent TA but he has very little knowledge about the tech and industry itself. For example, he thought the litecoin cash fork was legit and would actually cause a pump.
Anyways, I don't give a fuck if bitcoin crashes because my money are in tokens that will actually have value.

ZeroReborn
ZeroReborn

Anyways

Crazy_Nice
Crazy_Nice

Tumbleweed rolls by

viagrandad
viagrandad

le reddit spelling

haveahappyday
haveahappyday

claims others dont understand the tech
doesnt understand bitcoin
Everything is index linked to btc. if btc crashes the entire market does.
What this guy said.

Gigastrength
Gigastrength

lol.

magic is an amazing TA dude, but he's a bit over the fucking top.

Methnerd
Methnerd

I think it's pretty much over. I'm sad. Just a little too late again to realize the American dream. Oh well.

Emberfire
Emberfire

kid is delusional

takes2long
takes2long

add random red line on market cap linear graph
choose a random whole number

500B MARKET CAP WILL KILL #CRYPTO

Deadlyinx
Deadlyinx

of course he's right.
look at btc movements of late. magicpoopcannon is a TA specialist, means he believes that crypto should be behave according to the laws of markets, which it is clearly less and less doing since the market deflated and no new influx of capital (dumb and smart money). it's just big fish preying on the remaining little fish until they are no longer. what happens to a system that cannibalizes itself? the most blatant sign of this is TA being less and less applicable to crypto. this is most obvious in btc that is starting to look like a total fucking scam and fewer and fewer suckers will be willing to play at such high prices.

Sharpcharm
Sharpcharm

desu magic is literally a crypto god. his predictions are INSANELY accurate. dude can see the future.

just ignore his over the top cries out.

tradingview.com/u/MagicPoopCannon/

Emberburn
Emberburn

You cant really draw any dependable TA conclusions on FUCKING COIN MARKET CAP. Jesus christ lads, grow some fucking brains here. CMC is a very good hustle for the dude who made it but it far from 100% accurate, also IT DOES NOT FACTOR IN EVERY CRYPTO CURRENCY and is just a simple average of top volume exchanges. It's accuracy is highly questionable but close enough to reference, however, I wouldn't be making hard bets on the data.

Fuck man, you guys will believe anything on a web-site that ends in .com or .io, no wonder scammers are making a killing this day and age. Easy fucking pickings around here.

Also, keep in mind CMC was been running BITCONNECT ads for years. Exactly how trustworthy of a data source are they? You guys shit all over Treyvon James for shilling BCC when CMC has been doing it even long. My god I have to get off this shitty board.

DeathDog
DeathDog

This I can agree with, but it's not a big secret. If prices go down, hype dies and we go back to 'normal' until the next mass rush.

GoogleCat
GoogleCat

Sheep following ecelebs and TA. Wankers.

massdebater
massdebater

More speculation from online trading professional Magic Poop Cannon

Poker_Star
Poker_Star

dude has like 40k people following his charts. even if he's wrong he's got a lot of traders trading his calls.

StonedTime
StonedTime

Thread theme song
youtu.be/j-fWDrZSiZs

AwesomeTucker
AwesomeTucker

Random is a big word. Does it mean something for sure? No. But it's signs point to the fact that 500 billion act as a barrier, psychological or otherwise, since there is some resistance there.

PurpleCharger
PurpleCharger

All cryptos Market cap up 3400% in less than a year! As the saying goes what goes up must come down so expect a huge dump this year. At this point if you think your shitcoin shitfolio is going to do another 100x then you're beyond help and deluded.

Sir_Gallonhead
Sir_Gallonhead

Market Capitalization doesn't mean shit pajeet.

galgitron.net/Post/The-Myth-of-Market-Cap---Version-2

Nude_Bikergirl
Nude_Bikergirl

this was the stupidest fucking shit with no arguments I've ever read
guy's legit a retarded mouthbreather

Inmate
Inmate

he said it himself that by being as good as dead he meant that it'll be shitty in the medium term

Deadlyinx
Deadlyinx

He's right about it looking like a bubble, it was one, but the whole "dead" thing is a load of horseshit only repeated by people who can't see more than a couple months ahead. I for one welcome another quiet period.
It's not going back to 15k anytime soon though.

Illusionz
Illusionz

an arbitrary line on a chart
bubble
muh dotcom
the tulips, man

girlDog
girlDog

You guys know there's not actually$500 billion in cryptocurrencies right? It's an inflated number and there's more like $1 billion that has been pouried into it

askme
askme

"its never going to drop below 10k again"

Methnerd
Methnerd

It’s an obvious bubble still not fully popped, but he drew a fucking horizontal line at a random spot. Seriously guys?

eGremlin
eGremlin

random spot
How is it random? It might have been more accurate to say 480 than 500 or something, but it isn't that random. Do you at least see what he's pointing at?

Nojokur
Nojokur

you're kinda dumb if you think that user actually timed the top. He's just another larper

LuckyDusty
LuckyDusty

Here is my prediction Veeky Forums

Harmless_Venom
Harmless_Venom

I acknowledged that he was probably larping, my point was that there are people who sell every week, so there are bound to be people who sold right before it popped too.

Harmless_Venom
Harmless_Venom

Oh shit thats a right angled triangle above trend line, someone check pythagorean theorem to see if we are in pufferfish or donkey market

Evil_kitten
Evil_kitten

oy vey

Raving_Cute
Raving_Cute

this would matter only if the bubble chart hasn't happened in crypto before

it has, and it will happen again and again

Methshot
Methshot

Veeky Forums can't recognize the neckline of a massive head and shoulders

FastChef
FastChef

okay so before november crypto was dead?

TA is literally just memes for poor people. anyone with enough capital can sway price anyway they want.

Illusionz
Illusionz

that's cute, a meme you didn't make. now, can you engage in discussion like a big boy?
i bought all my btc when crypto was "dead" by this guy's arbitrary 500bln cap definition. he's (shittily) asserting that we are in a receding market cycle and you know what? maybe he's right, maybe not. but if he is, all it means is i'm buying.
best of luck

happy_sad
happy_sad

A falling ball won't reach the ground because at one point it was in this same point in space on the way up.

VisualMaster
VisualMaster

Lel

Lord_Tryzalot
Lord_Tryzalot

low at the 2nd March - around $7800
sideways until the 6th March
Crazy bullrun starts on the 6th March.

Supergrass
Supergrass

Magic Poop Cannon...and some people in here are serious..LMFAO

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