Crypto is as good as dead if not > 500b
Is he legit or just memeing?
he drew a line on a chart.
$500 billion is probably just the number he needs to not kill himself
thats the price you pay for not locking your coins
Are you retarded. Serious question.
lel, the real MC should be only be about 100M right now. The current MC is inflated because of alts trading with BTC pairs
He literally did.
taking investment advice from someone who calls himself MagicPoopCannon
Didn't crypto first crossed the 500 billion line last November? Does this mean that before that, it was dead the whole time?
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
if the market doesn't go up, it will go down
t. Genius investor
He's right. That's how we get to 2k.
Ikr. Guess crypto was dead this whole time
XXXXXth time crypto is declared dead!
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.
Yeah, I'm really going to listen to a guy called MagicPoopCannon
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.
Most of his calls lately on tradingview have been spot on.
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.
It was always manipulated, nothing changed.
Im not gonna listen to someone who follows someone called mr poopy butthole either
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.
Tumbleweed rolls by
le reddit spelling
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.
magic is an amazing TA dude, but he's a bit over the fucking top.
I think it's pretty much over. I'm sad. Just a little too late again to realize the American dream. Oh well.
kid is delusional
add random red line on market cap linear graph
choose a random whole number
500B MARKET CAP WILL KILL #CRYPTO
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.
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.
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.
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.
Sheep following ecelebs and TA. Wankers.
More speculation from online trading professional Magic Poop Cannon
dude has like 40k people following his charts. even if he's wrong he's got a lot of traders trading his calls.
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.
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.
Market Capitalization doesn't mean shit pajeet.
this was the stupidest fucking shit with no arguments I've ever read
guy's legit a retarded mouthbreather
he said it himself that by being as good as dead he meant that it'll be shitty in the medium term
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.
an arbitrary line on a chart
the tulips, man
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
"its never going to drop below 10k again"
It’s an obvious bubble still not fully popped, but he drew a fucking horizontal line at a random spot. Seriously guys?
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?
you're kinda dumb if you think that user actually timed the top. He's just another larper
Here is my prediction Veeky Forums
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.
Oh shit thats a right angled triangle above trend line, someone check pythagorean theorem to see if we are in pufferfish or donkey market
this would matter only if the bubble chart hasn't happened in crypto before
it has, and it will happen again and again
Veeky Forums can't recognize the neckline of a massive head and shoulders
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.
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
A falling ball won't reach the ground because at one point it was in this same point in space on the way up.
low at the 2nd March - around $7800
sideways until the 6th March
Crazy bullrun starts on the 6th March.
Magic Poop Cannon...and some people in here are serious..LMFAO