ETH now manfully engaged in the fight to become a double digit shitcoin.
Will it pull it off?
With aplomb.
I don't understand all this hate for ETH... It supports this gigantic, flourishing ecosystem of projects -- yes, many of them are shit but some of them are pretty interesting and legitimate. I think things like Maker, Augur and 0x are at the very least entertaining experiments that push the bounds of what can be done with the blockchain. Decentraland is also interesting as well. Then you have stuff like Cryptokitties which is pretty effing pointless. I dunno, I just think even if the price sinks to $50 a coin it will never go away completely as too many other projects are dependent on it. I also don't know how they can shift the whole thing to PoS... PoW is probably also the biggest downfall of BTC. The amount of energy that goes into mining is simply retarded. What a retarded statement. |
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Just so you guys know: Ledger Nano S Blackfriday offer for 50€ including VAT and DHL shipping. https://www.ledger.com/I have bought another one. Would like to know what the price is if you connect from USA, anyone? US$49.99 |
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All of these new fake account are roach. Look how they always post near each other. Just ignore him/it please!
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Come on whales! Dump like you have a pair! I need to buy some of those $3k BTC everyone is talking about
Looks like you got your wish bud  We're getting there, just need a lot more volume, come on pussies, ramp it up! |
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Come on whales! Dump like you have a pair! I need to buy some of those $3k BTC everyone is talking about
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This just goes to show how electricity is only one of many costs associated with mining. Don't believe the FUD about the electricity only cost of mining a bitcoin (~$3000). The real cost of mining is double that at least. The electricity in Douglas County Washington is less than $0.03 per kWh and they still couldn't stay in business. Every miner in the world is mining at a loss at these prices. |
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The fact is, the 1% will always be the same people. There is a reason they are the 1% after all. The 99% are always destined to make the same mistakes over and over again. Winning the lottery, lucking into bitcoin, or any other windfall will always be wasted by most of the 99% and given back to the 1% over time. The market structure is built specifically for this.
This absurd pricing right now is a perfect example of 99% giving their wealth to the 1%
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Don't tell Bitcoin price  No way Google or Apple is around by 2100 let alone tablets |
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One question. What is must be bitcoin value to bring bitcoin miners any profit? Now I feel they are loosing right?
Someone posted a chart yesterday where average mining cost was ~$3200, so I guess they're still profiting. Depends where you mine and buy your electricity of course. That is the electricity only cost of producing a bitcoin if you are paying ~$0.05 per kWh and doesn't include the cost of air conditioning, facilities, employees, or return on capital. Electricity is probably only 50% of the true cost of running a profitable mining business. |
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This is hurting badly already.
I’ve watched my bitcoin stash worth go from close to 1 million GBP to well, you can figure it out from that. Of course it hurts.....badly. I feel stupid for not selling at the ATH but we’ve all been through this before & we rocketed from $160 to $20,000. It will happen again? If it doesn’t RIP to me. Then you had some more than me, but it's basically the same.... hundreds of thousands of euros of paper profit vanishing in front of my eyes. In comparison to what has already vanished the remaining feels so small.... OTOH, I wasn't expecting to to sell in this decade. I will stick to my plan. Hurts badly thou. It hurts a lot. I must admit I am worrying if I’ve literally fucked my entire life up. I always said I’d wait until about a year after the halving so that’s what I’m going to stick to. Keep calm. In my opinion, don't worry about the past. The previous ATH is a fading memory. Your coin is only worth what it is worth right now. Get used to it. There is no option to sell right now and what if you did? Can you imagine selling now and sitting on the sidelines if it does go to 100k? To me, not having any BTC is a MUCH worse prospect than losing any amount of paper profits. |
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I think this is the whales fighting over BCASHBCHABCBCHSV. When they have the amount of disgusting fiat they need to prop up their respective forks, it will stop.
This is good for bitcoin. It redistributes coins from idiots and hopefully puts them in the hands of better stewards.
It will go as low as the whales are willing to part with their stash for and until they reach their target. CSW is a big baby and he has no problem destroying everything to be right in his twisted mind.
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ya its true the government can dump unlimited fiat, but the US government isn't just going to implode the economy and create another Venezuela. The elites would never let this happen.
...or would they? |
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^ PLeaseeeee no BULLRUN after a stationary "countdown clock" NO, the BIG GREEN DILDO after that event could be HUGE$50,000 per coin a short time after the next halving. It will have to be a nice size crash to get it down that low |
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annnnnnd
the inevitable debart
...and rebart |
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Just another Bart formation coming, nothing to see here.
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Sounds like nothing new. It appears to be the same ETN that KNC helped launch in 2015, just quoted in USD. I think it will have no effect. |
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I remember in btc-e's trollbox people were saying $40k next year when the price was $1000 in 2014. After 4 years we reached $20k.
Now people are saying $100k in 2020. That means we'll see $50k in 2023 or 2022.
Unless it doesn't |
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The poll is looking much more bullish this week - good to hear
BTC dominance is approaching 50% and the highest its been this year - you think it will hit 50% or will we see an alt surge?
The whole reason alts exploded goes back to the first LTC pump. People got it in their head that when bitcoin pumps, alts pump harder. But, just like any "known" trend, once it is known, it doesn't work anymore. Alts need to beat bitcoin on pumps consistently to make up for the risk of holding the shit. It isn't really happening on this pump and that may very well spell the end for 90% of the alts when all the dust settles. |
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