 If the stats on Scryptominers are inaccurate then ignore my comment |
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Mining is ridiculously profitable right now.
150mh/s/day for 1BTC on Betarigs pays you 300K WC/day.
I'll repeat. 1 BTC for 300K WC.
At these rates, it's an easy 300% profit. Lmao. Stupid buyers. Why fight the sell pressure with so much tenacity?
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WARNING!
1BTC to rent 150mh/s for one day on BetaRigs. 150mh/s produces 200K WC/day at current difficulty. This is 200 satoshi/coin. (Statistics at Scryptominers)
Current exchange rate is 5 times higher. 500% profits for miners!Also, max coin cap is much higher than BC. Buying at 1000 satoshi/coin is wayy overpriced. (In relative terms, it's like buying at 10000 satoshi/coin for BC) WAIT FOR POS PART. YOURE LOSING YOUR MONEY. BE CAREFUL! MINERS ARE SLOWLY UNLOADING THEIR COINS AT 1000 satoshi! The price for BC yesterday was 88000 satoshi..people kept buying while others where dumping all the way down to 20000 satoshi which is right now. Whitecoin should reach even higher price than blackcoin, because they are also thinking of a multipool. Just like BC took Mintcoin's place, whitecoin will take blackcoin  You're losing a lot on short-term profits if you buy in at 1000 satoshi NOW. BC was worth 500 satoshi in PoW phase with a much, much lower max coin cap. You've been warned. If you want to accumulate WC, the best way is to rent a small rig on BetaRigs and point it to a pool. You'll get coins at a much, much lower rate (<200 satoshi/coin) than exchange rate.Also it is unlikely that WC gets pumped as much as BC (imo). A copy-paste is never the same as the original. |
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WARNING!
1BTC to rent 150mh/s for one day on BetaRigs. 150mh/s produces 200K WC/day at current difficulty. This is 200 satoshi/coin. (Statistics at Scryptominers)
Current exchange rate is 5 times higher. 500% profits for miners selling at 1000 satoshi!Also, max coin cap is much higher than BC. Buying at 1000 satoshi/coin is way overpriced. (In relative terms, it's like buying at 10000 satoshi/coin for BC) WAIT FOR POS PART. BC didn't skyrocket until the weak hands dumped their mined coins. YOU WILL LOSE YOUR MONEY BUYING at 1000 SATOSHI. Notice how they're slowly unloading their coins at market rate.
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Why Aiden is better than SHA-3/X11/HVC? Memory intensive is the reason why Vertcoin is ASIC resistant. ADN is not. For now, it's unprofitable to produce ASIC for ADN, sure... but there are better algorithms for ASIC protection
It seems like these days it's extremely easy to make the next Vertcoin. Change a few lines of code and you get an innovative coin whose price will skyrocket in less than two weeks. (Hirocoin, Vertcoin, HVC, etc...)
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I believe we've just hit the top.
There was a lot of struggle in that pump
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We just broke the OFFCIAL 540 top resistance of the long term down trend This train has offically left the station Don't get too confident. You've made one great trade, but I honestly don't see BTC breaking $600 anytime soon. Maybe $550 |
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Already on the ride , $550 in few hours.
I hope so it may hang here for a couple of days..as there is some fight left in the old girl still ...If we break 540 its all clear sky with small stops @ 000's until 1k and then ATH Lol. You're delusional. We've already reached the high for this run |
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You buy all the coins at $522. I'll be watching.
BTW China is already online. Bitstamp/Finex is following Huobi trend
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Ok, tell me about these important news, that have taken place in the previous months and that I have missed then, and how they are causing positive effects to the bitcoin price  How are you ever going to learn to find them on your own if people just conveniently hand them over? A typical mindless religious zealot  Not actually debating the arguments or answering the questions, but instead desperately trying to insult the opponent I have been following the news, and like I said, there are no news that would have an strong enough positive effect on the price. And we confirm this by... *drums.....* ...by looking at the past price history and not seeing any sustainable positive effects on the price. You guys are like characters from of an absurd comedy! +1000 Most banks will close accounts on April 18th. Let's wait until then. If nothing happens, I'll become bullish |
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Someone who bought 5 BTC worth at 1500 could easily dump the entire sell book in a matter of seconds. This is too dangerous imo
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Priceboost makes sense since China wont be banning bitcoins after all (for the time being)
Would be nice if they made a final decision because these (not) banning rumours don't do any good.
What the fuck is so hard to understand. China NEVER planned to ban BTC. I don't get why people say this is good news. However they're closing all commercial bank accounts after April 18th dealing with Bitcoin related services. It's pretty much analogous to a ban IMO. Can't bank transfer to deposit RMB, and it'll probably be much harder to withdraw in the near future. There's a reason why they're moving oversea. You call this good news? |
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Seriously mindfucked about BTC being pumped.
Huobi accounts will be closed on April 18th. Same for most exchanges. Is this the final pump and dump?
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Today something dawned on me:
We can actually start seeing signs of "sellers' exhaustion" in volume and price action, but what is fascinating is that, different from the previous cycle, there is no sign yet of "buyers' appetite" re-appearing correspondingly.
Despair |
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That's a very small % of Chinese traders. Most are interested in short term profits
That's not what the results of my investigatory inquiries have turned up. But you go ahead on continue believing whatever you want. What predictions? You don't predict anything short of recycling garbage you find on the internet. You're the Bitcoin equivalent of a dumpster diver. That's not necessarily something I would be proud of. To each their own I suppose. garbage turns out to be true sometimes |
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That's a very small % of Chinese traders. Most are interested in short term profits
That's not what the results of my investigatory inquiries have turned up. But you go ahead on continue believing whatever you want. Actually you're right about that. Sorry There's a $50K limit however now IIRC for offshore deposits, which will make the task harder |
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Nice work. Will buy if it goes down btw 14th -20th i also think a lot of buys orders wont let price drop that much.
Slow exit by the Chinese possible, traps to sell at highest possible price before final sell off? Coindesk says huobi,okcoin and btcchina is planning to move overseas, that's not a good sign. I think Chinese money is exiting the market for the short term atleast If the capital flight theories have any merit the Chinese should be buying the fuck out of Bitcoin right now. For all you know they are, and it's the Western "day traders" (Read: noob idiots) that are causing all this BS. That's a very small % of Chinese traders. Most are interested in short term profits Yes I'm a noob idiot. but it looks like im right with my predictions |
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Sounds like you have already sold your 'scooped coins'. Am I right?
I actually didn't get to scoop anything. The day BTC crashed I went out for three hours with no internet connection and completely missed the $340 bottom.. |
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There's no new capital entering the market. Without China, who will sustain the healthy $400+ prices? Onshore deposits will be frozen after April 14, and most exchanges will have significant problems in the future to deal with oversea deposits. Most exchanges are relying on the only bank still accepting BTC related services, China Merchants Bank. Look at what happened with FXBTC, everything they've said has been true to this day. Now they closed their exchange. The solution of OKCoin with recharge coupons won't work in the long-term, and I expect PBOC to ban China exchanges one day (there's a reason why they're moving offshore). Also, I definitely think most traders are going to withdraw their RMB before the deadline, just to see how the market reacts. As Bobby Lee said, "After the April 15 deadline, most investors will re-evaluate Bitcoin".
That being said, we've reached a $350 low, we've all scooped the cheap coins. Who's going to invest at $400+ now without China?
Also, you have to consider the amount of BTC being dumped by miners everyday.
E.g. Overstock is dumping $1Mthousands USD worth of BTC/day. KNC miners are dumping $500K USD worth of BTC/day.
There's only one direction in this market. We're going south.
On a side note, the "bounce" from the $340 bottom was definitely a pump. This is not an organic bounce. It went up wayy too fast. I suspect the big pumpers are taking their profits now.
BTW, only 12 waking hours left in China. It's nearly monday up there
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Wow. Sure looks like bot manipulation! |
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