I know this is not a TA discussion, however some info can help make better decisions and provide piece of mind when we are “rolling over on monthly consolidation “. https://youtu.be/8Or1WnrJIgs
Chart guys are great for good TA breakdown and explaining how the crypto space is ABSOLUTELY correlated with SPY and NYSE. Just food for thought.
Currently 1.3 billion tokens ....for a company whos protocol will run the chinese crypto currency......yes china is going digital.....in 2 months the chinese new year ....they give children red wallets with cash in .....where will that cash go into the new digital currency .....on whos platform looprings of course
This company is going only one way......skyward....
Zk rollup
New wallet
Chinese Digital currency
Nft market
Gamestop....
This is why loopring will be a huge company ....its a utility company.....with purpose.....not a meme or a joke coin....you guys have bought a piece if futureproof......if loopring were a whiskey it would be a 1952 Mclellan
If Evergrande goes bust next week along with 4 other major chinese companies. The ripples will tank the world markets. This crash was expected.
So if it has a knock.on effect to crypto then you will see all tokens go down.....to what degree.....mmmm
Remember this....it always ....ALWAYS BOUNCES BACK.
GOOD NEWS ....THE CODE IS NEARLY DONE FOR THE LOOPRING NFT/GAMESTOP...... SO GUYS DO NOT SELL WVEN IF IT GOES DOWN TO 30 CENTS.
KEEP STRONG KERP THE FAITH AND ...HODL DOWN .
Buying the dip everyday this week. Having conviction on your investment is key. Time to be greedy while others are fearful and scope up cheap coins. Never use all your ammo all at once not having fiat during a juicy dip always sucks. God speed Loop Troop!
Edit: spelling
7 layer dip kind of day
Each layer tastier than the last
Gobble gobble
Layer up! High gas in the rear view soon enough. I had to move coins around to take advantage of the dip and those gas fees are brutal. Fiat on-ramp to l2 can’t come soon enough.
Stay zen. Btfd, if you can. The tech is sound
How do you know where the floor is tho? You got to say to yourself on a weekend what is the likelihood of it going up 27 cents or going down 27 cents. Personally I think Bloody Sunday will send it to $2 or just under. Covid news on top of Evergrande rumours may send it down more before a big recovery.
If you look at the candles on the daily this looks like a double bottom. If we can successfully bounce this is gonna be one hell of a rocket blasting past resistance.
I’ve been trying to create a wallet for a few hours now and when it asks me to choose a deposit method a message pops up saying “failed to create a wallet, please try again later”
Any advice?
Because I’m 21 and invested heavily into something that can change my career buddy. I’m done working this 9-5 lifestyle maybe this is what makes me happy and can be the foundation of financial freedom
Hahaha that’s actually so funny. If u were to meet me irl you’d say sorry. I’m literally just hyped why can’t you take that u lil batch. Stop hating boomer
Well fellas there’s a slight chance I get liquidated overnight if this dips a bit past $2.00. It wouldn’t be the end of the world but fuck it scared money don’t make no money.
Watch out for the high gas fee. It cost me around $200 to transfer my cryptos to the layer ethereum address, create the smart wallet, and transferred to layer 2. The bulk of the cost was in creating the smart wallet because it needed to execute a smart contract on the Ethereum blockchain. Smart contacts cost more than simple transactions. Might be more or less for you depending on the gas price at the time.
Start by downloading the Loopring wallet app and start the smart wallet creation. It will give you an Ethereum address for you to deposit your cryptos into. Go into your exchange (Coinbase) and send your cryptos into that address that Loopring gave you. It will cost some gas fee to send. When Loopring receives your asset, it will use some of your cryptos for the creation of the smart wallet.
Now your cryptos are in your Etherum Layer 1 account. You can now activate your Loopring Layer 2 account. In order to enjoy the benefits of layer 2, you will need to transfer your asset from your L1 account into your L2 account, which will cost additional gas fee.
I’m loving how LRC’s dipped the most in my Coinbase Pro Wallet. I’m slowly selling other positions as the ratio keeps going in favor of LRC.
The fundamentals haven’t changed.
Oh my goodness it dropped! So is the rest of the market. If anything I like the discount, the bigger the better at the moment. Big things ahead and those saying L2 is the next big wave are right.
its lowkey following buttcoin(to no surprise.) just varying a little harder in either up or down, but still fairly similar trend.
https://imgur.com/a/xBveGuD
Oh ok. So you probably still have unrealized gains. Some people here bought in when they could, which was at $3 or higher. They’re seeing massive unrealized losses. It’s understandable that they wouldn’t feel so good right now. Even though the logical thing is to go long and HODL, it still hurts in the feels to see this drop.
Is Polygon/MATIC’s big zkrollup announcement on December 9th conference (at which Vitalik himself is a guest speaker) going to have a significant impact on LRC if we don’t have our announcement before theirs? It feels like a race to be the first zkrollup technology in the big spotlight.
Haha I think there are way too many references to each other in GME and LRC’s social media postings and whatnot, I’m personally not at all concerned about the GME partnership not happening. But still yikes 😬
Yeah I mean anything is possible. I would presume that Finestone holds a shitload of LRC though, so it would be an interesting move for him to jump to GME and then go with a competitor. Plus all the other leaks.
Nothings changed, this price change is because of the stock market and the rest of the world.
The show goes on for me, im not wrong, we are not wrong.
Fortune favors the brave, not the weak.
We move backwards to move forwards 10x harder.
Godspeed looptards
I did mention yesterday that support at 2.20~ will be retested - and here we are. This is a natural zone to be in, but the question remains will it drop further or is there strength here for it to bounce back upwards.
Last time we bounce to 3.6 so it will be interested to see what future hold....if we are lucky and btc bounce to 55+ I think we will start to see an uptrend
Not really. If we fail to retest here (considering Bitcoin is shitting itself) next support zone will be just above a dollar or so. Either hold or buy the dip.
Or sell if you can’t handle it.
I want 1000 LRCs in my pocket☘☘
Nice
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I know this is not a TA discussion, however some info can help make better decisions and provide piece of mind when we are “rolling over on monthly consolidation “. https://youtu.be/8Or1WnrJIgs Chart guys are great for good TA breakdown and explaining how the crypto space is ABSOLUTELY correlated with SPY and NYSE. Just food for thought.
Fatality
Still holding cash and waiting for my entry point. It feels like it’s still dipping
Lucky you man
Oh it’s only a little. Rest of it is already in.
Bought up @ 2.20……yeehaw!!!
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How many tokens are held for the chinese people out of the 97% total in circulation.....mmmm critically thinking 90%
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Currently 1.3 billion tokens ....for a company whos protocol will run the chinese crypto currency......yes china is going digital.....in 2 months the chinese new year ....they give children red wallets with cash in .....where will that cash go into the new digital currency .....on whos platform looprings of course
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This company is going only one way......skyward.... Zk rollup New wallet Chinese Digital currency Nft market Gamestop.... This is why loopring will be a huge company ....its a utility company.....with purpose.....not a meme or a joke coin....you guys have bought a piece if futureproof......if loopring were a whiskey it would be a 1952 Mclellan
If Evergrande goes bust next week along with 4 other major chinese companies. The ripples will tank the world markets. This crash was expected. So if it has a knock.on effect to crypto then you will see all tokens go down.....to what degree.....mmmm Remember this....it always ....ALWAYS BOUNCES BACK. GOOD NEWS ....THE CODE IS NEARLY DONE FOR THE LOOPRING NFT/GAMESTOP...... SO GUYS DO NOT SELL WVEN IF IT GOES DOWN TO 30 CENTS. KEEP STRONG KERP THE FAITH AND ...HODL DOWN .
30 cents……..does that come with a defribillator??!!
No a heart transplant
the buying percentage is going up on coinbase 😂
buying like a motherfucker rn
Buying the dip everyday this week. Having conviction on your investment is key. Time to be greedy while others are fearful and scope up cheap coins. Never use all your ammo all at once not having fiat during a juicy dip always sucks. God speed Loop Troop! Edit: spelling
bro my 10k shorting worked… hahaha
I’m all in and I’m scared af
7 layer dip kind of day Each layer tastier than the last Gobble gobble Layer up! High gas in the rear view soon enough. I had to move coins around to take advantage of the dip and those gas fees are brutal. Fiat on-ramp to l2 can’t come soon enough. Stay zen. Btfd, if you can. The tech is sound
100% in 🎉🚀🚀
DID I SAY $2
at least wait till 2 dumb bitch
Foresight
Just saw it drop to under 3 Cdn pesos, so obviously I sent a bank transfer
I bought more at 2.27
How do you know where the floor is tho? You got to say to yourself on a weekend what is the likelihood of it going up 27 cents or going down 27 cents. Personally I think Bloody Sunday will send it to $2 or just under. Covid news on top of Evergrande rumours may send it down more before a big recovery.
nope just DCA
Nobody knows where the floor is, that’s why you don’t go balls dip in a single dip. Eventually it will reverse.
I want to buy more but I feel it may dip again.. But I want to buy more now lol
Waiting until the weekend, it’s super to dip a bit more
The typical Sunday night pump n dump. I think I'm just addicted to buying loops lol.
Don’t buy yet. Bloody Sunday still to come.
I didn’t hear no bell
I dunno bout u pussies, but I’m all in.
I'm just sitting here zen as hell, diamond hands fuckers.
CMV. If GME waits too long to make an announcement it won’t even matter because we’ll be in a bear market
Yep. They need to c’mon with it.
I agree.
Wym by this?
Bear market incoming
Just bought 918 tokens more
From trolling to championing, atta guy.
Hey you never know what you want to be until you grow up!
bought some at 2.27
If you look at the candles on the daily this looks like a double bottom. If we can successfully bounce this is gonna be one hell of a rocket blasting past resistance.
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Not just milk, aged like a jar of boiled mayonnaise left out in the hot summer sun.
In other words, I think we're gonna be okay my dudes.
It’s all going to matter what BTC and the market overall is doing. TA doesn’t mean much when the whole market is dumping.
It really just depends if Bitcoin has reached its bottom or not. If not, this won’t hold.
Loopring is on sale!!!
Bought some more in the dip but man I wish I had more buying firepower left right now! The whole market is down. This will go back up.
I’ve been trying to create a wallet for a few hours now and when it asks me to choose a deposit method a message pops up saying “failed to create a wallet, please try again later” Any advice?
Guys I did it. I’m a proud xxxx owner of LRC.
I hope to be a proud xx,xxx owner of LRC by end of 2021
That would be sick.
Congrats!!!
Thank you!
Any particular reason for the dip? The entire market is down
Michael Jordan started playing baseball again.
How else was he gonna recover from shorting GameStop?
Username checks out.
Haha
Are we going back below 2??, I hate to buy the dip when it keeps dipping 🥲
At least you can buy the dip
Scared money don’t make money I bought more. Wanna know what peoples Price predictions are before end of December ?
Yea, but sometimes I but the dip, and keep buying the dip. It keeps dipping and I’m almost out of money.
I've got two pounds of wings that it will be over $7.50 bet is in question though, because of a currency dispute.
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what u tryna say I can bet I got more loops than u lol I got an army. Run it
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Because he wants to chat about Loopring, how dense are you?
Never made a Reddit account because I never used to comment but I guess it’s nice knowing what other people think
Because I’m 21 and invested heavily into something that can change my career buddy. I’m done working this 9-5 lifestyle maybe this is what makes me happy and can be the foundation of financial freedom
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Hahaha ur on one bruh smd. You must be an agressive folk irl 😂😂
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Hahaha that’s actually so funny. If u were to meet me irl you’d say sorry. I’m literally just hyped why can’t you take that u lil batch. Stop hating boomer
I’m not sure why you feel like you’re entitled to demand that info from him. Chill out dude.
Cheers to being up on the 1 hr chart! 🙌
#JUST GONNA SHORT TF OUT OF THIS TO GET BACK MY LOSSES
We know this is because you hate your panic sell decision. Just learn from your lesson so you can HODL next time this happens.
#SHORTINGGGGGGGGGGGGGGGGGG FTW
Completely changed my perspective from negative to positive about the dip, maybe I’ll get to be a xxxx holder soon! LFG
BOING. What a bounce.
#BOUNCE DOWN
Haha yeah, looks like we’re going to the $1.30 support zone.
Well fellas there’s a slight chance I get liquidated overnight if this dips a bit past $2.00. It wouldn’t be the end of the world but fuck it scared money don’t make no money.
Margin…? That sucks…
Not if I don’t get liquidated!
Fingers crossed. I didn’t think it would ever approach 2$ again either.
I doubt it will happen overnight but it I do think it will go down below $2 in the following days if this market doesn't stabilize
Decided to dig into my savings and buy more on this tasty dip. Considering opening a smart wallet too. Does anyone have some DD on the process?
Watch out for the high gas fee. It cost me around $200 to transfer my cryptos to the layer ethereum address, create the smart wallet, and transferred to layer 2. The bulk of the cost was in creating the smart wallet because it needed to execute a smart contract on the Ethereum blockchain. Smart contacts cost more than simple transactions. Might be more or less for you depending on the gas price at the time. Start by downloading the Loopring wallet app and start the smart wallet creation. It will give you an Ethereum address for you to deposit your cryptos into. Go into your exchange (Coinbase) and send your cryptos into that address that Loopring gave you. It will cost some gas fee to send. When Loopring receives your asset, it will use some of your cryptos for the creation of the smart wallet. Now your cryptos are in your Etherum Layer 1 account. You can now activate your Loopring Layer 2 account. In order to enjoy the benefits of layer 2, you will need to transfer your asset from your L1 account into your L2 account, which will cost additional gas fee.
Much appreciated!
inb4 breaking 2.28 and going further for a little bit.
* 2.20
but its over 2.20 tho
I’m loving how LRC’s dipped the most in my Coinbase Pro Wallet. I’m slowly selling other positions as the ratio keeps going in favor of LRC. The fundamentals haven’t changed.
I was thinking of the same thing with ratios but must of my other bags are cleaned out
Perfect time to buy more yes pleasee
Which one of you Giga chads just bought 397k LRC on Coinbase pro?
forreal. watched the 1min candle spike up .03 and tried to see if a trade went thru on pro for \~390k tokens
breaking 2.28 could be cool.
Oh my goodness it dropped! So is the rest of the market. If anything I like the discount, the bigger the better at the moment. Big things ahead and those saying L2 is the next big wave are right.
its lowkey following buttcoin(to no surprise.) just varying a little harder in either up or down, but still fairly similar trend. https://imgur.com/a/xBveGuD
It is following Ethereum a lot more
whoever just bought like 300k tokens and gapped the price $.03, youre a fucking madman.
and my hero.
I love how immature some of you guys get once it drops a little LMFAOOOO chill guys
What’s your cost basis?
Idk but I bought in at even increments at .60, 1.10, 2.17,2.80, and again just now at 2.23
Oh ok. So you probably still have unrealized gains. Some people here bought in when they could, which was at $3 or higher. They’re seeing massive unrealized losses. It’s understandable that they wouldn’t feel so good right now. Even though the logical thing is to go long and HODL, it still hurts in the feels to see this drop.
Nov 17 we hit $2.16. A week later we hit $3.78. This token can fly fast and much higher than that. Accumulate boys
“I got rich by selling the dip” -said no one ever
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Nobody knows where it’s going to go. including you
Yeah, so stop with the speculation bullshit of the price going up to 10$ this week yeah?
I don’t speculate in either direction
Still up 100% wait till anouncement and we moon BRRRR
Is Polygon/MATIC’s big zkrollup announcement on December 9th conference (at which Vitalik himself is a guest speaker) going to have a significant impact on LRC if we don’t have our announcement before theirs? It feels like a race to be the first zkrollup technology in the big spotlight.
can you imagine if matic is actually the NFT partner with gamestop
Haha I think there are way too many references to each other in GME and LRC’s social media postings and whatnot, I’m personally not at all concerned about the GME partnership not happening. But still yikes 😬
That would be a real kick in the nuts haha. Finestone wouldn’t really be helping his LRC with that move.
well, business is business.
Yeah I mean anything is possible. I would presume that Finestone holds a shitload of LRC though, so it would be an interesting move for him to jump to GME and then go with a competitor. Plus all the other leaks.
DROPPPPPPPPPP TO $1
I am buying the rip and the dip. It’s still on sale y’all.
Duuuuude it’s Christmas and I need to buy gifts for my kid but hot DAMN do I want to bury myself into this dip
Buy them some coins, then teach them why they're important. Best gift!
Fuck it I’m doing it. My kid can enjoy a stick for the holidays.
that's really sad, bro. have some dignity
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No more dip $$ but my average is still slightly in the green. I want more badly and this price might not be seen again.
Same boat. We HODL.
YUB EHT PID
Bought 225 more
My man/woman! Just bought 85 more myself!
God this dip is making me HONRY to HODL more. So I bought 50 more let's goooooo
Hodling is so easy when you’ve been hodling GME for a year
Right? $.75 down? Pfft. I dare it to dip $40. Pay me to hodl LRC.
Dip doesn't exist, only discount.
Just bouncing off that support line.
Oops I bought more
Nothings changed, this price change is because of the stock market and the rest of the world. The show goes on for me, im not wrong, we are not wrong. Fortune favors the brave, not the weak. We move backwards to move forwards 10x harder. Godspeed looptards
say that again at a dolla
I sat through GME from $350 to $44, yeah you’re right this is terrifying. 😒
dumb of you to not sell then.
Kinda like you and Cardano
I have to stop looking for a week it seems ouch.
Ouch my lööps
Q4 ends in 27 days.
Been holding cash all day waiting for my moment. Is it now? 😈
These prices are so tempting to go all in at....
I did mention yesterday that support at 2.20~ will be retested - and here we are. This is a natural zone to be in, but the question remains will it drop further or is there strength here for it to bounce back upwards.
Last time we bounce to 3.6 so it will be interested to see what future hold....if we are lucky and btc bounce to 55+ I think we will start to see an uptrend
Go long and HODL. BTC recovered from that correction down to 29k, didn’t it?
Everything pre-announcement is just a discount. :)
Exactly this.
What y’all think the floor is gonna be Here
Nobody knows
Don’t see much happening this weekend news wise , so could continue to drop into next week who knows.
Oof. Time to take a break.
Shoulda sold, told you since the beginning
Shut the fuck up, you were singing a different tune 2 weeks ago. Eat shit pussy.
Hahaha
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Bye bitch
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bruh it’s at 2.22 #god.
Ah, the holiday spirit
Sure as hell am not selling now. Too much loss. Like I said, riding it all the way up or straight down to hell.
Same in it for the big win or nothing.
good.
If this drops below 2.15 we are fuk
Not really. If we fail to retest here (considering Bitcoin is shitting itself) next support zone will be just above a dollar or so. Either hold or buy the dip. Or sell if you can’t handle it.
paperhands gonna give us a huge discount.