This type of price action reminds me of 2015 and 2018, where there was very little movement. The way it’s trading it seems like we will range at $30-$50K probably until the end of summer and then either break up for new ATH or break down and retest the old $20K ATH area from 2017.

There is just too much uncertainly right now that I don’t think we will be resting ATH anytime soon or in the Summer. Most likely until all this war, recession, inflation and fed rates are behind us. Too much going on right now. Besides commodities and bonds, everything else is going down.

I don’t think after Ethereum that there will be something as profitable for POW as Bitcoin and Ethereum was. And it has mostly to do with climate change.

Most projects are POS because it’s efficient. Right now with climate change, price of oil, price of electricity is very high. Look at how many people are blaming Bitcoin for climate change right now, same with Ethereum. All that hash power using tons of power to power an entire country when it could be replaced by POS instead.

Mining calculators only estimate the expected profit based on the current day. Using the current price and current difficulty. They don’t estimate any future difficult or future prices.

The reason they were incorrect was because usually after a boom is a big bust. Hence why if you started at the top of the bull market your ROI was longer rather than starting at the beginning of the bear market.

Back in early 2019, nobody was mining, bitcointalk mining section was pretty dead.

If you pull up a daily chart you can see that most of his pumps usually get faded, even when he announced that you can buy merch with doge coin.

I don’t think the bottom is in for doge yet. And I do this that 70 cents was indeed the all time high. The amount of miner revenue each day was just not sustainable for doge to go to like $5-10 a doge.

Supply released per day is just way too high.

It won’t be the reason why Bitcoin will crash if stock crash. Sure it makes sense for funds who want to show a quarterly profit they will sell their winning positions to look good if they had too many losing positions, however this is a small percentage.

Go and look at the correlation right now with the nasdaq index, it follows it very closely. We got tons of earnings out soon and if they are bad then crypto will be affected also because all those correlation traders will start to dump when stocks are dumping.

Yeah I made that mistake also. Had defective risers, hard drives , PSUs , etc and instead of labeling them as “BAD” or throwing them out I would tend to reuse them in the future and forget that they were defective in the first place.

Lots of potential revenue was lost because due to those faulty parts the rig would crash overnight and would be down until the next day and sometimes day after. Basically lost lots of revenue this way because I should of put them in the garbage on day one instead of keeping them stored somewhere.

Yeah the 4GB GPUs milked the most out of ETH that they could. At first it was how lolminer made it possible to mine when the dag was over 4GB with reduced speed, didn’t think it was possible. And then he made it possible to mine faster if you put the GPU in a x16 slot instead of a riser. So these GPUs went a long way.

I remember buying them in 2016 and worrying about ETH going POS then and I would be stuck with those mid tier GPUs. However I got my money worth and besides dead fans, I never really had any hardware issues with the cards themselves. It was a very good platform in my opinion.

Don’t believe what most people tell you. It was easy making money out of crypto just like it was making money in the stock market after that covid March crash. You could of bought anything and made money.

The real traders are those who keep the money and don’t lose it. Look at how many people suffered huge losses in the last 6 months or so. Many have quit and most likely owe lots of capital gains taxes since their gains were realized last year and loses happened this year. This is a difficult game and don’t believe anyone that tells you otherwise.

There are a lot of exchanges for different reasons. For seasonal traders they generally don’t use an exchange like Coinbase or Gemini which is very user friendly but charges like 1-2% trading fees. They generally use something like FTX with very low fees.

Regarding security most exchanges have robust security these days. If you follow the recommended guidelines of getting 2fa, white listing addresses, etc you will almost never get your funds stolen. And exchange hacks these days are very rare compared to 5 years ago.

Most people that are investing in crypto they do it to make money, they don’t care how it can change the world. Those that invested in Bitcoin because they believed it would change the world is when Bitcoin was trading at less than $30 a coin.

A lot of people know me because I’ve talked about Bitcoin throughout the years and they are always like “I will give you $10,000 can you turn it into a million with crypto”. They basically want some 100x project and if they find out that Bitcoin might only go up 20-50% from here they are not interested anymore.

You can tell by many of these replies, that nobody actually read the first post and are doing nothing but posting non sense.

This thread is mostly about the stablecoin they released and how it gained traction last month when they bought over $1B worth of Bitcoin for its stable coin.

Since then other projects such as Justin TRX Tron also announced they would do something similar with a 30% APY with theirs.

I noticed that lately in the past 3-4 years people are more aware of climate change. In many places due to climatic changes there have been very drastic weather. And it’s these events that lead people to finally take notice.

This is also why car companies are finally stopping the development of internal combustion engines. They still build them now but most are stopping new research for new engines in the next decade or so. Basically car companies and governments want to get rid of our reliance on gas and oil.

Nobody gets rich or crypto, especially Bitcoin anymore. The last people that got rich of it invested in 2015 or so when it was $200. For the past few years Bitcoin wasn’t cheap. Even if you bought the low at $3500 in Dec 2018 and sold the top at $69K you would only make like 20x. So unless you invested large amounts you weren’t going to get rich.

Those that bought in the single or double digits and held made it big. Especially those that mined on their laptop back in 2009 and 2010 and got 50 BTC for finding a single block. They are rich. The investors of today are not. The game has changed.

I rarely take any trades based on any large wallet movements. Most of the time it’s exchanges sending coins back and forth. The only time I can think when it was profitable to follow wallet movements was when that Shiba Inu whale who owned like $1B worth of Shiba decided to send his funds to an exchange.

If you noticed that you could of shorted at the exact moment and made great profit and it would of never went against you.

Sometimes following certain wallets doesn’t help. Remember when Luna was sending Tether to Binance to buy Bitcoin. Well the last few transactions ended up being bull traps.

Don’t know if you guys heard but POS was postponed and won’t happen in June. Most likely in Q3 sometime. Basically they ran into issues and didn’t want to rush with this important update.

I was pretty sure June would be the date but their tone completely changed from one week to the next. Guess the coding is so complex they run into issue after Issue.

So it’s good that nobody liquidated their farm yet.

Yes it’s very interesting however they need to consider a few things first. Like if the driver is convicted, he will most likely go to jail for 5-15 years. They can’t pay child support from jail. And another issue is what if the driver is someone who is young and has no job and money. Or someone old without money.

This would obviously work out if the driver was someone rich however most people are not rich. Generally when this happens it’s usually the insurance company of the drunk driver that would cover some damages. And maybe if the father had some type of life insurance policy.

I heard about this earlier on Twitter. Depending on who writes the article, many journalists who want click bait will type it out in a way to make it seem like they are after crypto however the truth is they are not just limiting crypto transaction but all other currencies including Euro and US dollars.

I don’t like how these journalists spin some articles by saying negative things about crypto. Most likely it gets more views when the headline is “Ukraine puts a limit on Bitcoin” rather than the truth and how “Ukraine puts a limit on all currencies”.

The biggest issue with Ethereum is that even though the network is decentralized because a lot of the hash power is scattered all over the world the issue is the control that a small group of developers has over the entire project.

Remember how the EThereum classic was created? Due to the DAO hack. They have too much influence and hence why many are still trusting Bitcoin more since Satoshi is a mystery and most likely he will never move his coins until the devs holding all that ETH from their ICO.

Markets are incredibly bearish after the fed hinted that a 75 bps rate hike is on the table. Even if he wasn’t serious the market was still spooked. Also look what is going on to the bond markets.

Today the stock markets had a nasty 3% down day. So I am not surprised we ended up breaking $40K. However in the grand scheme of things. Bitcoin is holding up pretty well to most other stocks and assets given all this political mess we are in.

What back thermal pad are you referring to? Are you talking about the metal backplate? Generally i find that on some GPUs all that back plate does is trap heat. Because instead of the heat being released by a near case fan it sits there due to the back plate.

The back plate is mostly used so the GPU doesn’t bend when it’s heavy. Some GPUs back in the day were extremely heavy and depending on which way your computer case was sitting it would sag. Hence they started to use back plates.

If there are no thermal pads on them now don’t add any however.