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Why is it you post at all?Quote:
Originally Posted by tgull
Why is it you only post in this thread when bitcoin goes up a few hundred but are always silent when it goes down a few hundred?Quote:
Originally Posted by snake_in_the_ass
I guess you are always one of those people that always buys low and sells high.
Like I said, we only ever see you when it goes up a few hundred. But we never see you when it goes down. I guess you always sell and buy at the exact moment. You must be really rich.
I would have posted this sooner but my phone running really slow.
If your mobile phone is running slowly or always losing battery, it might have been hacked to mine cryptocurrency – here's how to protect yourself
https://www.businessinsider.com/cryp...r-phone-2018-8
tight life autistQuote:
Originally Posted by Belly BusterWhy is it you post at all?Quote:
Originally Posted by tgull
Hey Tgull, Bitcoin crashed 20%. Looks like it has cancer, spread to the bones. Maybe China will give the eulogy.
The DreadPirateRoberts/Silk Road tale provided me with years of top quality entertainment.
A discussion about the possibility of DPR’s Silk Road windfall actively moving while our hero is in prison began days before the huge dump. People were speculating about what’s up and maybe we now know.
Ulbricht and his lawyer always claimed Silk Road and the resulting cash was a collaboration. Drop Craig Wright & Mt Gox into the mix of the address 1933 yarn and we get to re-experience the glory days of 2014 “Bitcoins Are Officially Donkdown”
Once again, bear in mind the following was produced just prior to the recent drilling. Adds to the fun.
$800 Million: Bitcoin Whale Starts Moving Funds Associated With Silk Road's Operator
https://www.google.com/amp/s/www.cry...tor/%3famp=yes
http://youtu.be/nBoYXzUR6rw
Maybe you guys can find a better explanation of the game. Enjoy.
I always thought DRW Trading bought all those coins. At least that's what the rumor was here in Chicago.Quote:
Originally Posted by Sanlmar
I tip my cap on your knowing DRW bought the Silk Road coins auctioned by the government. I sure didn’t.Quote:
Originally Posted by monsterj
Bitcoin prop traders. I really never gave the idea any thought but of course there are.
Anyway, DRW bought the coins seized by the government but who the hell knows if that was all she wrote. Certainly not the Feds. Hell, the Fed agents were stealing coins shit was so loose.
It is real easy to see David Wright (self proclaimed Satoshi Nakomoto) gravitating toward Silk Road processing. I leave that door open.
Some clever shit probably went down with the proceeds at Silk Road.
Just for lulz I want a billion dollars doing damage as a result of a call from a prison pay phone. I kid about the pay phone but not the whale.
Remember when the evangelists went on about private and anonymous transactions? Every story you read has government or some other organization unwinding ownership from even years ago. Nothing really turned out as advertised with BTC.
Monsterj, refresh my memory... you quit the game and went to the Valley, right?
Quote:
Originally Posted by bitcoins
Bitcoin Miners Flock to New York’s Remote Corners, but Get Chilly Reception
A region that once attracted heavy industry is coping with an influx of Bitcoin speculators, lured by an abundance of cheap electricity.
https://www.nytimes.com/2018/09/19/n...gtype=Homepage
Quote:
Coinmint installed four transformers that could draw more than 13 megawatts, or enough power to run about 10,000 homes. It was more than one-tenth of the local utility’s total allocation of low-cost hydropower.
For an investment of $700 million, you can bankrupt an American city and profit a ton of money off Bitcoin.Quote:
Mr. Read estimated that Coinmint had made a profit of more than $50 million in Plattsburgh. Leon Christman, who manages the company’s operations there, said the larger installation in Plattsburgh — the one with the leftover image of Spiderman painted on the back wall — earned $600,000 on its best day last year.
https://static1.squarespace.com/stat...g?format=1500w
Is that how it works? People delude themselves for months and months, then, in a 12 hour period they all just realize en masse they paid large sums of fiat for long chains of certified unique digits?
Quote:
Originally Posted by Forum WarsIs that how it works? People delude themselves for months and months, then, in a 12 hour period they all just realize en masse they paid large sums of fiat for long chains of certified unique digits?
there was an industry analysis piece recently that cited something like an 80% drop in references to bitcoin and blockchain in press releases in the last year that dropped about 4 days ago i think.
the party is over.
https://i.imgur.com/aVtkOPU.jpg
I bought more Ethereum and Bitcoin earlier for the first time in a year.
Bought even more bitcoin and ethereum.
Well, I am so shocked.
https://www.cnbc.com/2018/11/20/regu...illegally.html
That same story has been ran for about a year.
Bloomberg in June. How convenient that there is a repeat of the same thing as it bottoms out. The "investigation" has been going on since May.
https://www.bloomberg.com/news/artic...-boost-bitcoin
The shine is slowly wearing off cryptocurrencies for the moment.
I was actually surprised that it held for so long at 6300ish without really rising or falling. That was the most stability it ever had.
Anyway, I think most people are realizing that these cryptos are very immature at this point, not good for payments to most businesses, and too volatile to be used for store of value.
Oh, and LOL at all the infighting among the prominent members of the cryptocurrency community. Now bitcoin CASH is actually hard-forking.
Or, simply put, "We can't get along with the people in charge of bitcoin anymore, so we're splitting off and making or own version of bitcoin, but now we are having the same issue again so we're splitting that, too, even though our secondary bitcoin was mostly an embarrassing failure."
Then there's all the alt coins, many of which are an outright scam, and most of the others have zero credibility in general.
I don't know what the future of electronic payment and store of funds is going to look like, but it's sure as hell not going to be this.
As 2018 is about 6 weeks from coming to a close, I'm thinking about Micon's tweet in December 2017, "The public gonna get rekt in 2018", referring to cryptocurrency.
I actually agreed with that, and indeed it turned out he was right.
But I have to think that he also got rekt, because I can't come up with a single crypto which did well in 2018, which means that anyone who invested in cryptocurrency (or already had it) in early 2018 has lost substantial money since then.
I get the bargain hunting instinct. To go where no one else has the courage to go.Quote:
Originally Posted by VaughnP
I will suggest something that perhaps you’ll remember me by long after Bitcoin and I are gone.
The more times the market knocks on the door the stronger that support or resistance will become if it is breached.
So BTC kept testing (bouncing off of) $6200 since July. 6200 was pretty strong support — until it failed. Now 6200 is gonna be very strong resistance (price ceiling) cause it was knocked on for so long as support.
I dunno if that was expressed in clear English. It’s also not an exact science cause it’s not math but psychology.
Now there will be other buyers like you. Fewer than before but it’s a thin market anyway. $6200 will be tested at some point. Hopefully, in your lifetime. That’s a pretty good return. That’s where you bail.
If I may suggest something else. Don’t take delivery of the crypto shit if you can avoid it and the juice of the exchanges. A low stress way to get the exposure but not really own is Robinhood. If you’re in an approved state.
1) Ship $ from your checking acct to Robinhood.
2) “Buy” crypto. Note: you can’t sbip the crypto to someone else. You really don’t own it. Money laundering etc.
3) sell crypto when you have lost more than you can bear.
4) ship remaining cash back to your checking.
On a side note, as a online gambler I use Bitcoin. I have NEVER seen transaction times this quick. Very nearly instant. You’d think this was online 2004. It’s an exquisite moment in time.
You can also buy a truckload or used NVidea graphics cards from miners who have given up.
Who knows except Sonatine?
To Sanlmar’s point, if not in a Robinhood approved area, you can do this quickly and painlessly via the Cash App as well. Square has been operating in this realm for about 11 months. It’s straightforward and seamless.Quote:
Originally Posted by SanlmarI get the bargain hunting instinct. To go where no one else has the courage to go.Quote:
Originally Posted by VaughnP
I will suggest something that perhaps you’ll remember me by long after Bitcoin and I are gone.
The more times the market knocks on the door the stronger that support or resistance will become if it is breached.
So BTC kept testing (bouncing off of) $6200 since July. 6200 was pretty strong support — until it failed. Now 6200 is gonna be very strong resistance (price ceiling) cause it was knocked on for so long as support.
I dunno if that was expressed in clear English. It’s also not an exact science cause it’s not math but psychology.
Now there will be other buyers like you. Fewer than before but it’s a thin market anyway. $6200 will be tested at some point. Hopefully, in your lifetime. That’s a pretty good return. That’s where you bail.
If I may suggest something else. Don’t take delivery of the crypto shit if you can avoid it and the juice of the exchanges. A low stress way to get the exposure but not really own is Robinhood. If you’re in an approved state.
1) Ship $ from your checking acct to Robinhood.
2) “Buy” crypto. Note: you can’t sbip the crypto to someone else. You really don’t own it. Money laundering etc.
3) sell crypto when you have lost more than you can bear.
4) ship remaining cash back to your checking.
On a side note, as a online gambler I use Bitcoin. I have NEVER seen transaction times this quick. Very nearly instant. You’d think this was online 2004. It’s an exquisite moment in time.
You can also buy a truckload or used NVidea graphics cards from miners who have given up.
Who knows except Sonatine?
DID YOU COMMIT FRAUD AGAIN TO GET T HOSE COINS WHOREQuote:
Originally Posted by UsernameTo Sanlmar’s point, if not in a Robinhood approved area, you can do this quickly and painlessly via the Cash App as well. Square has been operating in this realm for about 11 months. It’s straightforward and seamless.Quote:
Originally Posted by Sanlmar
ACTING LIKE YOUR SHIT DON'T STINK YET YOUVE BEEN ARRESTED MORE TIMES THEN OJ FOR FRAUD
$3780
This thing wants $2k.
Quote:
Originally Posted by Sanlmar
if it hits 2k its going to hiccup and bottom out at $1200 for a minute.
I've lost a bunch this year acquiring BTC from poker cashouts only for it to immediately dip then I hold on and it get rekt some more.
This looks bad and alt coins can only thrive if btc does.
Listening to so called btc expert geeks talk about this is more tilting then the intro of pfa radio. These people talk in some lingo trying to make themselves sound super intelligent when most really have no fucking clue what will happen next.
Here's an interesting site to play with: https://coinmarketcap.com
For example, here are the charts of total market capitalization for all cryptos combined https://coinmarketcap.com/charts/
Here are the top 100 coins, out of 2071: https://coinmarketcap.com/coins/
You can click on an individual coin to see a value chart.
Try clicking on several of the coins, and you'll see that none of them have done well in 2018. Maybe one or two minor coins have managed to increase in value, but for the most part, if you've invested in crypto in 2018, you got your ass beat.
From what I could tell, many of the cool crypto kids were abandoning bitcoin in late 2017 (correctly), but instead of cashing out, they jumped on Ethereum, Ripple, Bitcoin Cash, or other cryptos which were supposed to be the new big thing. Those have also taken a beating.
As I've said many times before, cryptocurrencies might be the future, but that future isn't right now. The entire concept and utilization is still highly immature. Too many wrongly believed that they were getting in on the ground floor of something which was going to be huge and change the world. The more likely reality is that this is a years-long-running fad which will eventually lead to something similar-but-different catching on long-term, but only after the current shitshow of 2000 coins crashes and basically everyone has to start over.
If the Bitcoin price falls below $3,000 a coin then it will no longer be profitable to mine at all.
Now waiting for Bitcoin to hit...$50.
Then will Micon commit suicide?
And will John McAfee eat his own dick?
https://bircoin.top/tweet20171129.png
https://media.wired.com/photos/59327...-new-finke.jpg
https://www.sbs.com.au/news/sites/sb...?itok=N3g7jAaf
crashed so hard , but it will bounce back as usual , wait for 2k and buy buy buy
Look at those MacAfee pictures.
CNBC frequently called on this guy as an expert on crypto. Go to the Cramer infotainment site TheStreet and read MacAfee inspired articles.
MacAfee makes 5Dimes Tony’s story sound pedestrian in comparison and he’s recruited as a financial expert.
Quote:
Originally Posted by TheXFactor
this is confusing because bitcoin wasnt profitable to mine at like $5000 unless you essentially had free power.
also to be clear there were literal dunes of mining gear on chinese streets like 3 weeks ago because the orgs that were using them to mine just walked away and the property owners were dumping the abandoned hardware.
Take that crypto $ and buy NVDA at some point. A solid company soiled by crypto. NVDA is misunderstood and that’s good.Quote:
Originally Posted by sonatineQuote:
Originally Posted by TheXFactor
this is confusing because bitcoin wasnt profitable to mine at like $5000 unless you essentially had free power.
also to be clear there were literal dunes of mining gear on chinese streets like 3 weeks ago because the orgs that were using them to mine just walked away and the property owners were dumping the abandoned hardware.
Edit:
Sigh, I prolly sound like a crypto hodler. Skip NVDA - I want it to work just like a crypto kid believes in Btc. We are both hope-a-trons
Quote:
Originally Posted by SanlmarTake that crypto $ and buy NVDA at some point. A solid company soiled by crypto. NVDA is misunderstood and that’s good.Quote:
Originally Posted by sonatine
im hearing things about nvda that doent make sense to me, ill try to dig up the articles later, but apparently terms like 'grossly mismanaged' are being bandied about.
id say if you really want to get rich the old fashioned way, look for the boutique shops making bleeding edge AI chipsets and hang ten on the occasional acquisitions.
I just revised my NVDA above.
It’s hard to let go. An appropriate sentiment here
It’s this bull market’s love child - we must move on
when noose?Quote:
Originally Posted by Krypt
A drastic reduction in the production capacity of a limited supply resource in response to the market price falling below the cost to produce tends to impart support to the market price at some point. But in contrast with gold, estimating the fundamental (versus speculative) demand for bitcoin is very hard given the difficulty in estimating the global demand for money laundering.Quote:
Originally Posted by sonatineQuote:
Originally Posted by TheXFactor
this is confusing because bitcoin wasnt profitable to mine at like $5000 unless you essentially had free power.
also to be clear there were literal dunes of mining gear on chinese streets like 3 weeks ago because the orgs that were using them to mine just walked away and the property owners were dumping the abandoned hardware.
It isn’t the first time that Warren Buffett was correct about a speculative bubble. Can anyone recognize this one that occurred during his lifetime? I’ve obscurred the details to avoid giving away too many clues. But know that the scale of the vertical axis is linear and the length of time for the portion of the chart this isn’t hidden is about 8 years.Quote:
Originally Posted by Dan Druff
Feels like gold, BobQuote:
Originally Posted by MumblesBadlyIt isn’t the first time that Warren Buffett was correct about a speculative bubble. Can anyone recognize this one that occurred during his lifetime? I’ve obscurred the details to avoid giving away too many clues. But know that the scale of the vertical axis is linear and the length of time for the portion of the chart this isn’t hidden is about 8 years.Quote:
Originally Posted by Dan Druff
It’s gonna be the housing start chart sooner than you think.
Quote:
Originally Posted by SanlmarFeels like gold, BobQuote:
Originally Posted by MumblesBadly
It isn’t the first time that Warren Buffett was correct about a speculative bubble. Can anyone recognize this one that occurred during his lifetime? I’ve obscurred the details to avoid giving away too many clues. But know that the scale of the vertical axis is linear and the length of time for the portion of the chart this isn’t hidden is about 8 years.
It’s gonna be the housing start chart sooner than you think.
So do what to make money off it now ?