well my view is asic mining if only the altcoins is dead...if 2 groups can simply toss $$$ around at a loss for power games with bch and btc and tank all the altcoins

hard do see how mining is gonna work out with all those coin and not a lot of adoption or volume...the point eventually could be made for btc mining as well..but not yet

what a sh*tstorm

brad

I have re-thought my above post..will be dumping 2-3 BTC a month..if I need to for the next 2.5 years to full retirement on my traditional investments and soc security I hope to take at 66 years.

Thus I can have the month to month pain and likely delusion that it will all come back in some manner...

as to LTC...well...I could buy back in I suppose some with the amount above I'm taking out to live on...but jeez...on all this stuff how low can it go?

I should be 'attic mining' selling crap from the attic on eBay to get LTC or BTC from junk I will otherwise die with...probably 5k worth of crap...if I don't do it at these prices...I never will

but hell, as maxumark said pow-scrypt mining may be dead if dumb asses with big $$$ can simply walk in and mess up BTC prices due to low volume and tank LTC and the altcoins too

giggwatt is going under I heard...wonder if Bitmain is toast.. what a sh*tstorm

whatever it is not like I did not use BTC to buy LTC back in 2015 when LTC was sideways as hell, I guess I could do it again

as of now though I have ZERO LTC and don't plan on accumulating any coin till past Jan 1st, 2019...I have enough cash to live on till then....then of course choices will need to be made to continue retirement early

later

brad


edit: have no more LTC and panic sold 13 BTC from hoard at $3,964.20 ....to get thru till fall of 2019..retired on crypto ...and got to eat I see I sold at a high looking at BTC and LTC prices.

FML

A buddy just told me on the phone that BCH SV has now hashing more than ABC

https://cash.coin.dance/

So can Bitcoin SV catch up or are there going to be 2 (3?) chains now?

I have no dog in this fight but utterly befuddled none the less.

brad

masternodes? (I have lots of FJC I need to use for something entirely dubious)

Nice Bookends cost like $80 in an upscale shop.....so you could get a pair Bitmain D3's for that use....for that price anyway on eBay.....sorry all I got for the use of Bitmain D3 x11 miners of any kind

(hey....I'm making an ASIC wall of shame eventually on an attic wall..with all my defunct ASIC miners of many flavors....that will look cool right?) sob!

brad

i have enough to keep my meager lifestyle (worked with deaf/blind dev disabled) of say a buying power of 30-35k when/if I retire at 65 or 66 ..I'm using crypto as a bridge till then, I'm 62.5 years old

needless to say ...in Jan 2018 LTC of 200 or so was 35K ...I just sold the last LTC at 7200 usd even of 225 LTC

ouch

thus I am doing what everyone else is doing that is living on this crypto (i mean really I'll burn it all not to work for anyone again) I'm blowing out all my altcoins (or those that are not so low it don't matter)

this of course includes LTC as a major HODL for a lot of folk in my position....so yeah, dumping the LTC to salvage BTC is it that bad indeed.....worse dumping with the sh*tcoins other than LTC and BTC.

and trying..really trying..not to blow the BTC...if BTC does not come back none of the altcoins will either and probably do much worse

thus if LTC is silver to BTC's gold ...and moves up accordingly...well ..it gets dumped with the rest of the altcoins, including LTC, .to keep MY BTC hoard safe...but that hoard will go before I 'unretire' don't ya know.

that IMHO, is exactly what is going on in the altcoin market for all coins as BTC dumps and really, really evident with LTC

it is likely to get worse with places like gigawatt going under and large data farms...they will dump a lot of crypto BTC and altcoins so THEY won't have to go work for anyone either

a lot of miners that were self-employed are now facing a choice of dump LTC and altcoins and maybe even ALL their BTC to stay working for themselves..or at the very least paying off the

data hall building as a hedge (no payments) or other stuff in dumping crypto as a hedge to keep from ...again...for a lot of us ...working for someone again...

just saying....we could see bitmain and a lot of asic makers go under for the same reason....choice of letting  the corporation that makes asic's for scrypt-pow and LTC mining or other machines eat the losses and

get out what crypto you can as things go south and you are say no longer an engineer at bitmain for asic chips etc

humans being humans ...how I see it unless btc comes back and at least goes sideways and such for LTC and BTC and other cryptos amd altcoins can stablize off of BTC and LTC prices say.

people dove too deep into equip/data halls/ and self-employment or trading of crypto and made a good living out of it full time these at least last 3 years....now with the equipment glut

(L3+'s are going for what 40 bucks on ebay?) that MAY not be the case anymore for ANYONE as large as bitmain or as small as a self-employed miner....poof....sell and consolidate may be the rule for a year

or as they say 'sh*t happens* but dumping btc or ltc or altcoins to keep even a smaller self-employed business of lifestyle going...and not have to get a 'real' job again..yeah...the trend is ugly indeed

brad

2 quotes .. high price 1) be careful what you wish for

2nd quote .. you don't always get what you want, but sometimes you get what you need

just has to hang together to act as a bridge will 2021 (or at least 2020) when I tap into my full retirement....i like not working hopefully having to work for idiots again in the next 1.5 - 2.5 years....

by the by

again, anyone getting any of these notices from UPS? maybe UPS was more on the ball back in the day? I seem to remember at the time paying fees on UPS stuff

and not so much on fed ex (I am probably delusional)

brad

at 2 satoshi this is kinda a 'moot' point at this time

I'm of the view that ...that boat has sunk along with crypto prices....in that this campaign is set up on hard $$$$

rather than BTC...would like to be surprised...but 2 months w/o any info is not a very good sign.....

brad

ah...back in the day I did pay fees on miners coming in....so perhaps it will not be much of an issue in my case ....(fingers cross)

currently selling at the Black Friday low ...its how I roll....got to stay retired next year...what are the rest of you doing?

the needs must when the devil drives....don't ya know

Anyway. I just think we are gonna see quite a big weekend dump....

brad

I see a lot on here about fed ex sending this stuff out and not much on UPS..or am I delusional?

brad

I see it hitting 3k when the SEC denies the ETF's and probably revisiting 3k when mt gox dumps all the coin in Feb/March 2019 at which time I'm fairly sure

the US will be in a recession...the whole store of value of crypto will not be working too well with the above either to keep prices up .it is gonna suck


this is gonna take a bit

hope I'm wrong...but.....

brad

makes even more sense to 'liquidate' the assets then double down on more equipment and this whole project...they would be prudent to take the BTC profits and run with it

but if they did cash out their BTC at that amount of $$ they likely spent it on equipment and their cloud vision and are like the rest of us going 'what the F*ck!* that did not work out at all

we will see...but if it is a choice between tossing more $$$ at projects in the crypto world and taking some BTC and running with it...a lot of places are gonna dump and let the corporation

eat the losses....they also don't want to go back to work for someone like me (thus my dump of 225 LTC and 15 btc later today to get me into 2019 and pay my health insurance for 2019 in advance

and of course, set aside cap gains on taxes etc on the above)

all this sucks indeed ...but if it is flush the business and go work for someone or work for someone again..you are gonna see a lot of flushed businesses and folk keeping what crypto or cash they

can rather than go back into the 'working world' IMHO

brad

I'm dumping 225 (all my) LTC and 15 BTC of my hoard to get thru 2019 (retired on crypto) health insurance to pay and live on etc

I think it will be 3k coin maybe 2k and such this next year ...if past BTC patterns hold

I think the SEC is gonna deny all ETF's thus the 3k hit and that also will drive LTC down proportionally

so again...all the LTC is gone as of today

as to a store of value argument for the next 2 years on LTC and BTC etc..not gonna happen....we are gonna have in the next couple  years

IMHO a 20-40% recession and as beat up as crypto is the 'store of value' argument is moot

but buying LTC or BTC by 'selling crap you don't need' may be wise..but it is gonna  be a couple of years till we are above 5k IMHO

besides the SEC on ETF's etc...the other shoe to drop is the *previous* 1 billion $$$ of BTC by mt. gox that is going to be dumped in mass in Feb/March 2019

that will further drive LTC and BTC into the ground

anyway, what I'm doing as a stop gap with LTC and BTC to get thru 2019 and stay retired on crypto

the old saying from the 1700s or so

'the needs must when the devil drives'

brad

Well...I'd say as of NOW the odds of obelisk and siatech getting blades out for their boxes Jan 1st, 2019 are pretty much NULL...I'm saying at these prices for all crypto

they may just declare bankruptcy and get out what they can..its a cluster indeed...unless suddenly they can get some revenue quick from their cloud storage vision..just don't see a good end here

www.worldcoinindex.com shows 3 BCH forked coins

1) BCH

2) BCH ABC

3) BCH SV

I still think we are going to find out that the BTC SV folk slam'd this together to drive the price down and now 'likely' are buying back BTC with the extra 1/3 of cash that was flushed by them

in the downward price...hell ..being truly evil and all...its what I would do...would that not be a kick in the nuts being played like that

of course, the price of BTC would again dump 25% on the notion of being played....thus rinse/wash/repeat

it could be a long winter folks

brad

the last of my HODL on LTC will be gone (225 LTC) sometime in the next week or so..need to pay bills (retired on crypto may NOT be my wisest move ...ya think?)

thus flushing LTC (got to save the BTC hoard for a pump..thus the LTC baby is tossed out the window ..in my hasty retreat)

If LTC is Silver to BTC's gold ...well..sorry ...all things being equal ..keeping the (gold) btc

he had a high price ..i told him to take it...i doubt i could offer him 1/2 of what I offered before..and that would be based on home heating as an option

and hope that BTC gets back above 5.5k ...slim hopes indeed...he should just keep it and mine FJC...again my only angle was anyway ...heating basement at more or less even

even if I only gto 3 satoshi...but that was at 6200 btc price..have not looked...likely I'm bleeding $$ now house heat benift or not

FML

"BTC you merciless bitch!" ( I should make t-shirts)

brad

completely clueless on what this has to do with Fujicoin and its future or its price...just don't get it..unless volume picks up another exchange is not gonna

help price and/or whatever

enlighten me...

Well ..equipment is out..obelisk only

Siacoin is plugging along at whatever price like other cryptos it is dipping down in price again today....like again all crypto

so ....the last point

how goes the decentralized anonymous cloud storage network that is supposed to compete with Amazon Cloud at 10c to the $1 coming?

not hearing a lot on that....and in that is what will determine Siacoin's ultimate fate....kinda should be a topic on this thread huh?

Some thoughts?

1) is it worth building a box for storage to use this system yet for above...or is it still too expensive to build a box from new parts to do such for the return?

2) how are the interfaces for both the wallet and the above box?

3) other concerns/thoughts or breakthroughs?


later

brad