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41  Economy / Computer hardware / [WTS] EVGA 1300W G2 SuperNOVA PSU Power Supplies - $250 - 3 Units Left on: February 26, 2018, 06:17:18 PM
EVGA 1300W G2 SuperNova PSU Units - Full Kits - Low Usage
 
PRICE DROP - $250.00 each

3 Units Left; like new condition, low usage, zero dust, clean inside and out - and cosmetically near perfect/perfect condition units for sale.

All accessories are included; all cables are included, please see photos below. (Give a few seconds for photos to load as I uploaded High Res images)

Or you can view the Images Here on My flickr! Album:  VIEW ALBUM OF IMAGES on STRATO'S FLICKR ALBUM

$250 PER UNIT Also willing to discount to buyers buying more than one unit/all of them. 3 of 7 Units Remaining

I can ship these out within 1 day (ready to ship just need to pack up and box for shipping). I can ship with any carrier; however I would prefer to use USPS either Parcel Select Ground which is 2-9 days (based on distance from ZIP 20910) or Priority 2 Day Mail with Signature Confirmation and optional Insurance.

Buyer Pays actual Shipping Cost from ZIP 20910













Thanks and Cheers!

Strato
42  Economy / Computer hardware / Re: [WTS] PSUs - EVGA G2 1300w and Corsair RM850s and RM1000s + MORE on: February 21, 2018, 04:06:35 AM

I have the following PSUs in stock:   

EVGA G2 1300W
Corsair 1200AXi
Corsair RM1000
Corsair RM850
Corsair RM750

I am simply taking "fair" offers on these units. And sorting best offers to the top. As stated below; I am guaranteeing the units to be in as described excellent condition. They were all run in a cold room; and were never "pushed". Most of them ran 3-4 GPUs running X11 or X15 algos using R9 270x AND 280x cards (which is well under the limit for a 1000 or 1300w unit. The 850/750w units ran 3 cards.

Simply make me an offer on the type of units and whether you want complete boxed kits; or are ok with just specific cables as I am offering these kits at a lower price.

STANDARD ANSWERS TO FREQUENTLY ASKED QUESTIONS I AM GETTING VIA PM:

1.) When were they purchased?

They were purchased in batches as I grew out my farm... roughly from 2015 to 2017. I am selling them because I had to move last summer and simply don't have the space (or the time) to set everything back up and keep it going.

2.) How "used" are they?

They were all run at my business office space (which I no longer have as I downsized my business and now work from home). They were run in a 14x20' Class A Cold Storage Server Room. The room was kept at roughly 62-64F. It was humidity controlled, and the room was pressurized (keeping dust out).  All of the units are CLEAN, they look basically like they came right out of the box.

There may be a unit here or a unit there with a small scratch; just from installing, or when we took them down, but if so it would be nothing more than a hairline scratch.  I will not ship out any equipment that is not exactly as described. Meaning; I will check to make sure each order is getting what is agreed on.

Any units I come across that have missing pieces; defects; major blemishes; etc; will be listed SEPARATELY, and at a reduced price.

I have a total of about 50 PSUs total; I am only putting up/listing what I have bundled/boxed back up/ready to ship.

When we built the farm we simply stored all the boxes on shelves, and the excess cables in big plastic totes. Now I am simply re-pairing up the items into full kits / almost full kits and listing accordingly.

3.) Is there a Warranty?


The warranty with EVGA would likely be expired (I believe it's 1 year; the same with all of my Corsair).

However, I will refund at my expense (in terms of shipping); in full, any DOA units; or replace them - buyers choice. All units were pull in working condition. There were no "trouble" units.

I will record the serial number I'm shipping to you and PM the buyer with the serials being shipped upon purchase. If there is a problem with the unit; please let me know within 5 business days and I will refund or replace.

Because of the weight of the units; I will still offer returns provided I am notified within 5 days of signing for the package; but the shipping will be at the buyers expense (if the reason is simply buyer change of mind).

You will not be disappointed.  Please review my feedback/Trust. I have made countless deals on this forum, many for large sums of BTC and have never had any complaints or issues.

4.) Do you offer escrow?


For orders under $1000 USD the sale will be a simple direct sale.  I feel my marketplace history, forum tenure, feedback on past sales, and that I am a DT2 member should be ok for sales under this threshold.

If your account activity/level/trust/feedback I would be willing to discuss 50% upfront / 50% on receipt. Or if you are a repeat buyer who I have done business with in the past we can do that as well.  I simply want small orders (under $1000) to be simple buy and ship orders. If there is a problem, I will fix it provided the problem is with the unit being not as described or DOA. All shipping is the responsibility of the buyer as stated in my original post. The shipments MUST included:  Insurance for the purchase amount; Signature Delivery; Delivery Confirmation; and must be shipped via USPS Priority Mail; USPS Parcel Select; UPS (Ground or Air is Fine) or FedEx. 

Buyer must simply email me or attach to a PM a PDF of the pre-paid AirBill. I will simply attach it to the package and ship it out within 1-2 days at most.
 
For orders over $1000 USD, escrow is fine at the buyers expense; my preferred Escrow Provider is Ognasty; however any of the "Approved Trusted Escrow Services" are fine as well.

Thanks everyone and Cheers!

Strato
 
   
43  Economy / Computer hardware / STRATOBITZ's SUPER MINING GEAR SALE - SUNDAY NIGHT UPDATE: LIKE NEW PSU's! on: February 15, 2018, 05:54:16 PM

PLEASE WAIT A MOMENT WHILE IMAGES LOAD



- PSU Power Supplies:  EVGA 1300w Units; Corsair Units from 750w to 1200w; and More...
  
- GPU Graphic Cards:  A lot of r9 270s, 270x's 280x's NVIDIA GeForce Cards and More...
 
- RAMM Dimms: I have a TON of RAM Dimms I will be posting in singles and as sets. From 256mb all the way up to 128GB sets of bench tested memory, solid performing memory.
 
- CPUs: Intel 4600Ks; 3560K 6 Core; With and Without HeatSinks.
 
- RACK Server Cases:  Including:   4 Unit Server Cases (Top Quality, swing bay doors, fans already built in).  
 
- RACK Accessories: Including:  Shelves, Spacers, Swing Doors, Mounts, Drawers, and so on...
 
- Monitors: Great Deals coming on Dell U3011 and U2711 Color Accurate and Fully Tested (No Dead Pixel) Color Grading Monitors.
 
- Motherboards: A lot of different Motherboard options!  I can include them in the 4U Rack Cases or on their own.
 
- SSD Drives: A Huge Assortment of SSD Drives as well as other Solid State Media (SD Cards, USB Keys, CF Cards).
 
- Cable Packs:  From PSU Cables; to general computer cable lots (selling large lots as bundles) USB3, DVI-E; ExpressPort; SATA; Custom Cables and More...

- Tons of Other Great Computer Peripherals and Electronics!


CHECK BACK FOR DAILY UPDATES AS NEW ITEMS ARE LISTED AND MARKED - READY TO SHIP!

 


CURRENT INVENTORY

ITEM-----------------------------------PRICE-----------                         QUANTITY AVAILABLE                              
EVGA 1300W G2 GOLD POWER SUPPLY UNITS - COMPLETE LIKE NEW KITS. SEVEN UNITS COMING SOON$290 Payable by BTC5 UNITS REMAINING

 
 
I ALSO ACCEPT OFFERS/BULK OFFERS AS WELL AS DISCOUNTS ON LARGE ORDERS. SHIPPING IS FROM 20910.
 
FOR MULTIPLE UNITS. JUST PM ME AND ASK!
 
INVENTORY/QUANTITY LAST UPDATED: 2/25/18 6:30PM EST

 


 
INVENTORY and ORDERING INSTRUCTIONS/TERMS WILL BE UPDATED 2/27/18 2PM EST

44  Economy / Lending / Re: 🌟🌟🌟🌟✨ zazarb's Quick-Loans & Escrow 🌟🌟🌟🌟✨ on: February 12, 2018, 01:49:48 AM
Loan Amount: 0.20 BTC
Reason for Taking out a Loan: Most of my liquid BTC has been in BitMex for the past 2 weeks. However they implemented a new policy in the past few days (last withdraw was 3 days ago so between then and now) whereby all BTC Withdraws are done once per day at 13:00 UTC (12 Hours from Now).  In the past withdraws were processed on demand. I need/would like to make a purchase tonight (if possible), as I feel the opportunity/item might be gone/sold by tomorrow. This isn't a live or die situation. So if I can't make the purchase Its not the end of the world. The rest of my BTC is in cold storage in my other home (4 hour drive) and not in this weather.
Amount to be repaid: 0.203
Repayment Date: (3 Days) 2/14/18 Wednesday 8:20 PM EST  BUT Likely Tomorrow (2/12/18)
Note:  While BitMex is saying withdraws are processed daily; this is the first time I've run into the issue. Therefor to make sure I am not late with the payment; I'll say for safety sake 3 days in case their withdraw has issues; I can pull from my cold storage wallets offsite by then.
Type of Collateral: I'm a long time / legendary / DT2 Member. I don't know what kind of accounts/digital items I could possibly post as collateral for security reasons. Even if I posted trading account (I have multiples of all the major exchanges - they all have 2FA and have APIs linked - which are used with CAT Trading Software - and the API cannot be changed because the software is licensed to the API (User Member Sampey's Software)

I'd feel a little uncomfortable providing my personal (this) bitcointalk account as collateral... I've never taken out a loan in the past, so I don't know what other collateral I could use on such a short notice/provide in time to make the purchase happen.
Bitcoin Address: Will provide if approved. Thanks for considering.
First off all, you need sign with old btc address, to prove thatyou orivinal owner.

I'll go ahead and do that; It will be from 1 of the 2 BTC addresses which are both staked in the forum and accepted as verified in the stake your account address forum thread under META. Thanks for the quick reply.
45  Economy / Lending / Re: 🌟🌟🌟🌟✨ zazarb's Quick-Loans & Escrow 🌟🌟🌟🌟✨ on: February 12, 2018, 01:29:37 AM
Loan Amount: 0.20 BTC
Reason for Taking out a Loan: Most of my liquid BTC has been in BitMex for the past 2 weeks. However they implemented a new policy in the past few days (last withdraw was 3 days ago so between then and now) whereby all BTC Withdraws are done once per day at 13:00 UTC (12 Hours from Now).  In the past withdraws were processed on demand. I need/would like to make a purchase tonight (if possible), as I feel the opportunity/item might be gone/sold by tomorrow. This isn't a live or die situation. So if I can't make the purchase Its not the end of the world. The rest of my BTC is in cold storage in my other home (4 hour drive) and not in this weather.
Amount to be repaid: 0.203
Repayment Date: (3 Days) 2/14/18 Wednesday 8:20 PM EST  BUT Likely Tomorrow (2/12/18)
Note:  While BitMex is saying withdraws are processed daily; this is the first time I've run into the issue. Therefor to make sure I am not late with the payment; I'll say for safety sake 3 days in case their withdraw has issues; I can pull from my cold storage wallets offsite by then.
Type of Collateral: I'm a long time / legendary / DT2 Member. I don't know what kind of accounts/digital items I could possibly post as collateral for security reasons. Even if I posted trading account (I have multiples of all the major exchanges - they all have 2FA and have APIs linked - which are used with CAT Trading Software - and the API cannot be changed because the software is licensed to the API (User Member Sampey's Software)

I'd feel a little uncomfortable providing my personal (this) bitcointalk account as collateral... I've never taken out a loan in the past, so I don't know what other collateral I could use on such a short notice/provide in time to make the purchase happen.
Bitcoin Address: Will provide if approved. Thanks for considering.
46  Economy / Collectibles / Re: [WTS] Huge "War of the Worlds" Original '53 Poster From Estate of *Bruce Willis* on: February 09, 2018, 04:01:26 AM
Listing and Price has been Updated!

Cheers!

Strato
47  Economy / Exchanges / Re: Wow... IT's not good choice to use bitmex margin trading... on: February 05, 2018, 04:45:13 PM
it's incredible how easier is to lose everything on bitmex than doing some gain.
I've done 5 testnet trades and I lost everything in 4 out of 5.

and, very bad thing, when the last futures expired I wanted to place a long position, and right in that moment "system overloaded could not process order"...

I think it's impossible to place an order every time there is a clear market movement

You only stand to lose everything if you risk everything, and do so making high leverage trades.

You have to maintain liquidity by using their "Risk Limit" setting. If you are trading at 100:1 Leverage, the setting has to be set at 200, which is the lowest risk limit and allows for the highest leverage offered.

Leverage can be a powerful tool if you know what you are doing. I wouldn't recommend doing 100:1 trading, but 25:1 or 40:1 leveraged trades can work well as long as you are placing orders that won't wipe your balance to zero on a large swing. Also if you for instance go long on XBT (BTC/USD); and the price drops, you can always add to your position which will lower your Liquidation Price.

Painting the tape before jumping into a live position is also a way to minimize risk; painting either up or down depending on if you are long or short. After you've set your trading spread buy orders, you can enter in using either a limit order or market order.

But just taking your balance, buying in at a long or short position and praying that the price moves favorably is not how traders make money.

You also have to have a solid understanding of how the margin interest is calculated, and what the margin requirements are. You need to make sure you have a workable liquid balance to buy into a trade that goes sharply goes negative unexpectedly.

And last; learning how to guage market direction based of RSI, and other indicators; not just eyeballing the candlestick chart, can make BitMex's service and their high leverage offerings a valuable tool to use when the timing is right.
 
In terms of timing; today a 40 Million USD dump occured on Bitfinex. I just happened to be at my workstation and noticed the plunge. I was able to set up a number of high leverage trades in the 10-30 minutes after the initial sell of; and ended up with a 70% ROE from my positions, nearly doubling my bitcoin.  Not bad for 30 minutes of work.

BitMex is among the best in terms of fees and volume is good.

Cheers!

Strato
48  Economy / Exchanges / Re: Wow... IT's not good choice to use bitmex margin trading... on: February 04, 2018, 07:38:57 AM
You were trading at 100:1 margin.

I think it need not even be said; but I'll say it. That's reckless trading unless you somehow know exactly where the market is going to move.

And unless you had a large account balance with only a small position in place, a margin call could happen in the blink of an eye.

Stock Exchanges offer Margin at a 2:1 ratio, or a 5:1 ratio if you are lucky.

100:1 is like playing the lottery, or with fire. BTC is highly volatile. Even in an upswing from 10,000 to 10,300 which occurs in minutes; a dip to 9,890 could easilly happen, if only for a second, and then correct back to above 10,000 and up to 10,300.

That "blip" in the trading pattern; would trigger your call.

I'd suggest you use Bitmex's Testnet.

They have a fully featured Testnet version of their main platform, and will by faucet let you obtain 3-4 BTC of testnet BTC.

Learn to trade on various margin levels, managing your liquidity, stop limits, and so on.

Sorry to hear that; but 100:1 is again a huge gamble. It's playing with fire.

Live and learn, we all make mistakes. Trade safe moving forward.

Strato
49  Bitcoin / Bitcoin Discussion / Re: Banks must consider Crypto-currency as an opportunity, not as a threat. on: February 04, 2018, 07:29:01 AM
Financial Institutions will never see Bitcoin, at least in it's current state, as anything but a threat. Bitcoin's fully transparent blockchain concept goes against the way a bank makes money.

They make money. Out of thin air.

While countries differ on their approach; in the USA and Canada; the system is based on Fractional Reserve Banking. The US requires that banks must maintain 20% of the money they lend out.

Again; banks need only have in their vaults and computer accounts 20% of the actual money they lend to customers through credit cards, home loans, car loans, equity loans, and so forth.

When a person goes to the bank and deposits their paycheck for $1000; this legally allows the bank to turn around and write a check to another customer (a person buying a used car); a $5000 cashiers check.  The $1000 deposit satisfies the $5000 check/loan it is giving out.

Thus, banks make money literally out of thin air. It does not exist. Globally, only 8% of the money in economy (most of which is transferred electronically) exists.

If every customer of Bank of America went in and asked to withdraw their money, it would be impossible for Bank of America to do so. They don't have it. It's been lent out. On a 5:1 ratio. The bank itself is debt.

This why they call it a "Run on the Bank", which caused the 20s Stock Crash and start of the Great Depression.

Bitcoin cannot be created out of thin air. There is no leverage or margin, unless someone is physically backing it with another funding source.

The transaction fees are built into the blockchain automatically; which are paid to the miners.

The miners control which transactions to accept based on the amounts people post as fees and the amount of available space left in the block being transmitted.

I don't see a way for banks to really capitalize on this concept. There's no need for a man in the middle or trusted third party. If you read the Bitcoin Whitepaper; the very reason for Bitcoin to exist is to be able to send money without the use of a bank in between the buyer and seller. It's designed to be used as a bankless currency.

Strato
 
50  Economy / Collectibles / Re: [WTS] Huge "War of the Worlds" Original '53 Poster From Estate of *Bruce Willis* on: February 04, 2018, 07:15:09 AM
my goodness that is cool  Shocked

 
It is, and was when he was able to have it displayed.

I've been told I can accept reasonable offers for the piece.

As noted, the poster was purchased from the 3rd Largest Auction House for Estate Sales, Antiques, Art, and so on.

I can provide copies of the bid-purchase documents from the sale, specifically stating Willis was the seller and original owner of the piece; and this can easilly be verified by the Auction House.

So Open To Offers, as my friend has indicated he would prefer to find a direct buyer, and avoid the steep fees the auction houses charge to include the work in an upcoming collection (which could take 6 months as large collections are scheduled out with massive marketing long before the auction date).

PMs accepted, or you can reach me via email as well!
 
Cheers!

Strato
 
 
51  Economy / Economics / Re: Can this explain the current situation with the drop in the price? on: February 03, 2018, 02:56:48 PM
everyone will have an argument over their own thoughts about the bitcoin price movement for now. and personally I think the current bitcoin price decline is due to the rise in bitcoin prices some time ago which led to reporting on which. and that has led to a growing concern among governments that many of the few countries are barking about banning bitcoins. and of course this is very impact on the decline in investor interest that has taken a lot of profit so that the price of bitcoin declined again.

I think the rise in attention of regulation by government agencies and taxing bodies; which has been well reported on, will likely have a far greater effect on institutional holders of BTC rather than everyday traders (even those with large holdings).  Large companies who either currently accept or use BTC in their sales pipeline, or have plans to in the future, would be the most affected by tighter regulation and restrictions on how BTC is used and transmitted.

As far as investors, and traders, I think the market is going to remain extremely strong. So much so I think this year we will see a huge boom in new altcoin developments; new technologies, better implementations of wallets on mobile devices, this all being done on a more community (even if highly funded) level; through the use of private investors and teams rolling out their own projects.

I think 2018 is going to be the year we see a lot of new offerings; while not through the ICO launch method; come into the playing field.

Buy the dips and hold. By 2019... well let's just say I'm very optimistic of where we will be. Bumps in the road aside.

Cheers!

Strato
 
52  Economy / Economics / Re: Can this explain the current situation with the drop in the price? on: February 03, 2018, 01:47:30 PM
 
Had an afterthought from my previous post.

Since last Autumn, there have been a number of Forks, and Airdrops which were funded based on the current BTC Blockchain and addresses that held balances.

In regards to the correction; the supply of "currencies", while not BTC, but rather Bitcoin Cash, Bitcoin Gold, the Segwit Fork, and I believe there are others; added a lot of altcoin quantity which was quickly taken into the exchanges and either traded or held to trade.

It's possible that added to the sell off. As those who held large positions of any of those fork currencies would have had an equal sum in the new altcoin.

Thus by selling / trading to BTC; they ended up with a lot of extra Bitcoin, which they have spent since the high liquidating out.

I could be wrong (wouldn't be the first time); but it's my opinion the correction is slowing down, perhaps even the bottom is behind us.

Bitcoin is a volatile commodity. I'd be as surprised if it shot back up to $15,000, or higher, as I would if it dropped to $6000. Both seem completely realistic in terms of the swings we have seen many times past.

From the high of roughly $19,500; we bottomed yesterday around $7960. Thats a 60% drop.

Currently we've recovered back to $9300.

What interests me is Bitfinex just saw a massive 1 min tick sell off; 3 Million it appears sold in one large sell of, and the price didn't flinch. It's still going up. So theres definitely a bullish trend forming. If it's long term or short term, and how strong, only time will tell.

Cheers!

Strato
 
53  Bitcoin / Bitcoin Discussion / Re: Why do people buy old bitcoin addresses? on: February 03, 2018, 01:21:02 PM
What would they use it for?

there are several forks that happen in Bitcoin, people buy old bitcoin address to try their lock to at least redeem the forked coins of the said address.  I do not see any reason except that one.  I also tried it myself, redeeming forked coins like BCH, BTG, Segwit2x .  And  it is worth the effort Smiley.
It's worth the effort if they had balance and the seller of the address doesn't know about forks and stuffs, then you get lucky. simply buying an old bitcoin address that didn't had any BTC on it at the time of fork makes it useless. if i remember correctly even for CLAM there was one rule that it must have had a dust balance to be able to claim it.

With CLAMs, (I know because we checked) it had to have (don't remember the exact amount); but a balance greater than X Dust.

So an account that held 0.00002400 was not credited Clams.  I can't remember the figure, but I am sure it's on the Clam OP Thread.

Cheers!

Strato
54  Bitcoin / Bitcoin Discussion / Re: Why do people buy old bitcoin addresses? on: February 03, 2018, 01:19:11 PM
We know several hard foks have been taken place in past two yeasr, forked currencies like bitcoin cash, bitcoin gold were distributed according to your bitcoin balance existed during fork For example, if you had 1 bitcoin in your wallet during fork time, you would have received 1 bitcoin cash in your wallet.
Some websites buy these wallets to get forked currencies out of those wallet, you can sell your wallets on http://www.freebitcoins.com/

This thread just caught my eye. I ran two full nodes, back when I had a pretty decent sized mining farm.

We wrote a script that literally generated 1000s, maybe 10s of 1000s of BTC addresses.

They were used as single burners, long term wallets, receiving addresses for things we sold here on the forum.

Is there any easy way to do a scan on a huge amount of addresses (such as a csv upload) to see if the addresses would qualify for any of these fork bonuses.

I was aware of the Clam distribution. Because of the requirements we didn't have that many that ended up receiving CLAMs, but the addresses we made date back to 2014ish mostly, and 2015.

Do these have value?  Do old addresses which were created on the network and broadcast but never used to receive (0 balance) have value?

Just asking out of curiosity... as we have so many.

Thanks for your help!

Strato
55  Economy / Economics / Re: Will Bitcoin Experience More Price Volatility in 2018? on: February 03, 2018, 10:20:30 AM
There is no doubt that 2018 will be interesting year and that price of BTC will not have a lot of ups and downs,it is actually one of the features BTC have over the years.Since BTC is decentralized digital currency we should not expect volatility may be something that will disappear in the future,it is very possible that it will become even bigger.

Some say that it will be hard to manipulate the market due high market cap,but I think that people who have lot of BTC increase their supply with time and also start to work together to move market in the desired direction.At the end of the day for most people involved in cryptocurrency the only thing that matters is profit.

I agree with your points regarding manipulation of those with large quantities of BTC, and how while many have said Market cap will act as a insulator to high volatility, we just arent there yet.

Bitcoin alone didn't broach $400 Billion (crypto as a whole hit $800 on it's peak). The Russel 3000 (basically all US Stocks) is roughly 30 Trillion. And we've seen (as we did in 2008), a market that is roughly 100 years old; tumble in half, literally with the Dow landing in the 6000 range. But look where it is now.

Bitcoin is basically like a large company in the overall stock market, that has grown so rapidly in such a short timespan, a correction was inevitable.

Long term, I think one would be foolish to think that Bitcoin is not here to stay. That it's user base will grow. That younger generations will accept it and embrace it, and that it will become a huge market force in the global economy.

Add to that, the next bitcoin halving.

To not think that Bitcoin has enormous growth potential would be foolish.

But as Lucius stated, there will be manipulation; especially considering how unregulated exchanges are, some allowing 100:1 leveraged trading (just reckless in my opinion); but with those types of margin allowances; a person with just 100 BTC has enormous power and market influence.

Once the market cap does grow larger, which it will; Bitcoin will reach $20,000 again, then $50,000, I believe well into the six figures, the only question, what day will that be; and introduce more regulation; or at least regulation which hampers reckless market trades, such as the 100:1 positions people make, I think we will see less volatility; increased adoption, and more companies, not just individuals seeing BTC for what it really is... a tool and technology which will change the world and the way money is used moving forward.
56  Economy / Economics / Re: Can this explain the current situation with the drop in the price? on: February 03, 2018, 10:06:00 AM
 

The correction was inevitable. And everyone who has any experience trading (anything from stocks to commodities to even real estate speculation) knew it would at some point tip and slide.

So with that said; I think that despite whatever news source may be reporting at this hour; the primary factor alone is: Market Correction.

The economy in general has been on a very long bull run, with the stock market on one of the longest bull markets in history. It as well will correct; market dynamics and greed will at some point set in, investors will begin to sell and take their profits, once this begins it cascades, and the profit taking transforms into a slippery slope of fear, with investors who need not even liquidate their positions selling off in whole in fearing they will lose it all. Which time has told us is ridiculous.

So with that said; it was coming. It had risen so high, people began to take their profits. This includes individual traders, large companies who accept BTC through merchant sales; and investors/traders; many of whom trade on margin, and highly leveraged levels.

Once BTC tipped from it's high at roughly $20,000, I believe the news had very little to do with the further decline. Now why do I say this?

Because Bitcoin has, for all it's existence, been in the limelight of bad press. From the Mt. Gox Scandal, to Silk Road, to the various exchanges which failed or "lost" coins amounting to huge sums of money; Bitcoin has always had it's share of bad press.

Secondly; Bitcoin has always faced increasing scrutiny; regulation; and outright banning, by various governments around the world. So the recent news of increased and/or tightened restrictions I think has less to do with the decline than one would really think.

The truth of the matter is that major news networks tend to ignore Bitcoin related stories. At times they will cover specific milestones or huge movements, but the day to day swings and changes in what is allowed here, or what happened there, are overlooked by completely other unrelated news.

A lot of this has to do with the fact that goes back to the old saying: "Any Press is Good Press".  The News Organizations know this. It's publicity, free publicity. With that said:

The companies and industries which vehemently oppose even the concept of Bitcoin the most are:  Financial Institutions.  Why?  Bitcoin fundamentally circumvents them. Bitcoin completely bypasses the banks, credit cards, and savings and trusts acting as the man in the middle (trusted third party), whom facilitate the nearly all commercial transactions both online and in brick and mortar stores between buyers and sellers, which of course they do for a fee, and they then charge interest, and late fees on.

These fees, generate obscene amounts of profit for them. And for that fee, they promise to safeguard your money, cover your transaction in the case of fraud, and so on.

Watch any major news network for 30 minutes, and count how many Bank, Credit Card, and Financial Service commercials are shown between the stories.  The financial establishments are in the top percentile of dollars spent on advertising, and the networks are in no hurry to upset their largest and highest paying customers.

This is why one, and we, as a community, should never expect major news organizations to give Bitcoin the credit it deserves. CNN, MSNBC, BBC, FOX NEWS, they are in the business of MAKING MONEY. And yes reporting on the news- the news that will attract the highest ratings, so their ratings and audience grows, and they can charge more per 15 spot or 30 spot of commercial air time.

This is why Bitcoin gets such a bad wrap. The news organizations biggest customers want them to make it clear to the world. Bitcoin is bad.

Now, as far as all of the news stories we read on sites that specifically cater to cryptocurrency news (I'll leave them unnamed)... They are still in their infancy, likely get a lot of their stories from writer/reporters who are simply covering the news. The news covering the news in a sense.

Which is why I don't think the correction has very much to do with anything but the fact that a correction was coming. Period.

Bitcoin has always had bad press. It's always been wrapped up in illegal activities. As if no one has ever bought drugs, guns, or run a ponzi scheme with actual money right? That only happens to those who dare get involved with cryptocurrencies.

The truth is Bitcoin went from practially pennies to $1250. Then it corrected to basically $350-$600.  There were lows below that, and highs above that, but thats where it traded for quite some time.

Now we've seen it go from $1000 to $20,000.  The correction is normal.

In the end, Bitcoin is here to stay. It will continue to grow. It will gain wider adoption. More, especially the younger generations will become increasingly interested in it from both a technology standpoint and a world changing commercial tool.

Everyone knows the Banks are crooked. How many financial scandals and fallouts have we seen in just the last two decades.

But right now not yet everyone knows Bitcoin for what it really is. That will take time. But it's proven to last this long, and now, it is here to stay. And with that said:

We have another Block Halving approaching in a little over 2 years. This will make the block reward drop again from 12.5 to 6.25 BTC.  This will be a huge component in how BTC is priced, because it will change the economics of mining full circle.

We will see further adoption. More people using it to send money and also as a investment.

We will see more altcoins, many will come and go, but some will grow to very large market caps, allowing for low cost transactions and better features and ease of use.

And with all that, Bitcoin will rise.

I think $20,000 was quite an accomplishment. I personally called the top at $15,000, and didn't think it would move much past that.

Bitcoin will surprise us, and the world. I don't see it at all unrealistic, to have a world where BTC is trading in the $100,000 or much higher range.

The question is when that will happen, and who will have been smart enough to hold.

Cheers!

Strato
 
 
57  Economy / Collectibles / Re: [WTS] One of a Kind "War of the Worlds" 1953 Poster From Estate of Bruce Willis on: January 28, 2018, 01:05:33 PM
This got pushed to the wayside... The poster is still available; and I have updated the original first post with additional information. 

Ready to Ship Worldwide!


Cheers!

Strato
58  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [ICO LIVE] Unikoin Gold -Decentralized Esports Betting back by Mark Cuban on: January 03, 2018, 03:33:20 AM
Interesting project, seems to be garnering a lot of attention on social media.

Backed by Mark Cuban is impressive to boot, and he did appear as planned on CNBC about the project.

Just looked at Bittrex, major price suppression; huge sell wall placed near the strike price... Lots of accumulating and position building going on based on the charts... been trending sideways and it was one of the few coins to stay positive and in the green during todays marketwide altcoin correction which dropped nearly all altcoins 20%

IMO $UKG is a long term 2018 Hold.

Cheers!

Strato
59  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [XMG] MAGI | CPU mining | mPoW | mPoS | [MagiPay] on: December 31, 2017, 02:43:18 PM
Price moving back up. Above 10000 currently on Bittrex off it's low.  Grin

Cheers to the Dev Team and Happy New Years!

Strato
60  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [XMG] MAGI | CPU mining | mPoW | mPoS | [MagiPay] on: December 30, 2017, 04:31:17 AM
Charts indicate that XMG has bottomed and has now started its reversal upwards. Began about 15 min ago.
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