Wow that guy is straight up Alpha --- he grew a beard, shaved it off, and grew it back all in the span of about 5 minutes, lol.  |
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Bitmain and Bitfury are most likely to deploy many of their new ASICs on their own farms, and I believe their cost to produce is way less than the price they give to the public. I suspect that most large mining farms in China will be able to recoup their equipment cost in a few months, if that long.
Hmmm. And here I thought that the WO consensus was that Bitmain was circling the drain, and were destined to kill BCH in the process. Guess that must have been a premature call. BCH is a dead zombie coin, only you haven't realized it yet.  |
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6920 then 5200 then 6500 then capitulation around 3K in january 2019
With this difficulty there's close to 0% chance for ever getting back to $3000. Yes, electricity prices * difficulty are not directly correlated to BTC price, obviously, but no miner can afford to subsidize electricity costs to BTC network. You can not operate with a long terms loss, they will simply: a) turn off the machines, or b) stop dumping immediately what has being mined, making permanent bottom on break-even price level. Guess which one is more likely to happen. And they can't even do that, because they renew their electrical contracts 6-12 months in advance. |
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so we have a small small dip now let us continue the other direction
Yeah but you could be saying this for another year or three. That's the mentally draining part for some people. |
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I don't see any special rally in altcoins.
I was referring to the massive shitcoin pump that occurred around March of last year. Massive amounts of Bitcoin got traded for shitcoins. They all got pumped almost in the same week, most over several weeks simultaneously. I see some serious altcoins at 10%-15% ....and some shitcoins at 5%-10%.
There is no distinction. Altcoin == shitcoin. |
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But yeah XRP is basically the definitive shitcoin. And its hard to say what role XRP played in the current altcoin rally, with BTC rallying at the same time.
Because they *all* got pumped. Like literally every single shitcoin. On zero news or improvements to any of them. Which means their role was simply to participate in a massive coordinated PnD scam. If they're all equally special, then that means none of them are. |
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People should stop hating on XRP
 GET. OUT. |
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OT : Biggest pump and dump in American history - Heather coin   |
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https://www.ccn.com/bitcoin-still-in-the-middle-of-a-bear-market-analyst/Woo continued by supporting his claim using the Bitcoin NVT Ratio, which he terms as his favorite indicator. He explained that the NVT peaks during bear markets, although it has been criticised for being laggy in detecting bears, it is a leading indicator to signal the end of the bear. According to him, NVT returns to it’s normal range before the next accumulation phase, a condition that is yet to be fulfilled. How seriously is he/this article to be taken? My guess is we still are bearish. Willy Woo really knows his stuff. So do his other expert friends Billy Boo, Tinker Bell, and Bam Bam. |
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So MANY AMATUERS in crypto. Jihan despite building a billion dollar company is an amateur. You do not get political when you sell shovels. You just shut up and sell shovels. Idiot.
Or another analogy, when you are successfully mining Gold (something that people are actually buying and holding because they value it) you don't go on a political campaign to switch gears and mine something else that no one is asking for. Makes no fkn sense. |
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 watch out where you start with and buy some BTC with what you can afford to lose it might be the thing to save youHow is it a business failure when you're the one wageslaving? If anything the business is doing great after chewing you and spitting you out. "Thanks for the hard work, go away." I never understand these kinds of people...Is it the stuck mentality of the 1950s? Back when jobs actually paid money that was worth something? Yep, they chew you up and spit you out. Only to replace you with someone younger (*cough* cheaper *cough*) to do the same job. It's because companies don't want to pay the middle layers anymore. In fact, if they could automate and eliminate all the expensive middle and upper middle management, they would do so in a heart beat. If anyone wants to know if they have a long future with the company they work with, all they have to do is to look around. See many colleagues still there in their 50s and 60s? Or even 40s? No? Then you won't last there long either. This is the case with many companies now, especially tech companies. |
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At least Jihan Wu pretends to be on the right side of the argument. What good is a BCash hard fork to increase block size when no one is even buying and using that shit? No merchants, no investors, nothing. Sure it'll allow CSW et. al. to centralize and control a BCash clone, but he'll end up the King of a complete wasteland kingdom. Another dead zombie coin with no future. So what's the fkn point? |
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With public-private key cryptology, a cryptographic asset can be allowed to sit "out there" while retaining mobility, resistance to counterfeit and still be under the control of the owner. Public and private keys are decoupled. That is the huge advantage in value that Bitcoin has as a monetary asset over precious metals. It's also the property that gives it far greater resistance to the kind of manipulation from derivatives markets that we see in PM'S.
Agreed, and I think this feature of Bitcoin is why it is both admired and loathed by Wall Street. 1. Admired for precisely the reason that you described, as some welcome such an asset to be non-gamable or game-resistant unlike the derivatives markets (e.g., fake futures contracts, wash trades with non-existent shares, phantom "shares", rehypothecation of shares, HFT, etc.) 2. Loathed for all the same reasons. The SEC can't control all of the crypto exchanges and their behavior. Wall Street cannot game the system like they have with equities and commodities. I believe that this is precisely the reason that the SEC is dragging their feet on approving Bitcoin ETFs. It has nothing to do with "protecting the public", and everything to do with protecting Wall Street from itself. Under the table Wall Street is expecting the SEC to bend the rules of Bitcoin to benefit them, but the rules are unbendable... and I think the SEC realizes this. So it's just easier for them to shoot down all ETF approvals, at least for now. |
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Now all he needs are the tats. "Dunndulandundlandun... dundundulandundlandun... BCash BCash Baby!"  |
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A little better, but still expensive  Only Apple goes on stage with up to 2 year old models. "Hé, we are Samsung. We've got this shiny new Galaxy S10 thing that can do tons of cool new stuff..... but you can also buy our Galaxy S8 from 2017 for $800...." Android users are awake   |
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https://www.worldcryptoindex.com/creators/roger-ver/At age 16, he had a falling out with his father over a property dispute concerning the Ford Mustang. His deeply religious parents did not approve of the purchase and his father attempted to sell the car by placing an advertisement in a local Newspaper. Roger responded by calling the police who threatened to arrest him if he didn’t withdraw the ad. This dispute led to Roger moving out of the family house. He then attended a community college in Cupertino, California called De Anza College for a year before dropping out. After dropping out of college, Roger elected to pursue a number of small business interests. Almost every man I've met in my life that has had a similar adolescent backstory and history with their parents has turned out to be a reckless Narcissist sociopath as an adult. With a constant history of making brash, miscalculated mistakes. Usually involving personal relationships, money/business ventures, or both. They blame everyone else and society for their problems and ill-fate. They usually end up alone, broke and heavily in debt, or both. |
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