I think yesterday, after the $30K wall was breached there was about $1,500,000,000. Yes thats the right amount of zeros. $1.5Billion worth of outflows from Coinbase. It looks like some kind of OTC custody buys which are sent to cold storage.

I am assuming this is not Grayscale however you never know. Seems like some huge fund decided to invest over a billion dollars worth. I am sure some time this week we will find out who it was when they decide to anounce it publicity on CNBC.

Either way, seems BTC is going through a supply side liquidity crisis, looking at order book depth, there is very little offers on the ask side.

I remember back in late 2017, everybody wanted BTC to go back to $10K so they could buy it, this was after it peaked at $20K. I also assumed $10K was a great buy in area. So I made a large order at $10K, didn't think I would ever get a fill and then a few weeks later.... order was filled.

I think the price went to like $12K topped, only to never return to $12K again until years later. Then shortly after it had a bad crash all the way to $6K. So if history is to repeat itself.

What if it goes to $20K and never back up again until years later? We might go to $20K, then $25K and then below $20K again. So its better for BTC to never retest $20K again, because most likely it will spook many people and many will sell the bounce after $20K at maybe $25-30K and then it might enter a bear market like last time.

I think XRP is a very good coin for a day trader. Basically very volatile action in the past few days and it was very easy to trade based on easy TA. Also its on many exchanges with high leverage so you can easily make tons of money if you catch the right move.

Whether to hold long term is risky. If every exchange delist its then obviously the price will crash. However if they win the lawsuit or they lose the lawsuit and maybe are forced to pay back members, burn the remaining coins and pay a fine and they get relisted again, then its obviously going to be very bullish. However who knows what will happen. In my opinion its a great coin to day trade and nothing else at the moment.

I've been holding EOS since 2019 or so and basically probably made 0% profit so far. The price was like $3 or so that I got in and its slightly below that price right now. It was a very popular coin in last 2017 and the fact that its listed on Bitmex futures is a plus however the coin lacks marketing and other project are taking away its market cap.

Maybe there will be an alt season and maybe this coin can rally, especially against the EOSBTC ratio however it seems to be crashing more and more each day and if the low of $1.50 break then I can see the selling pressure increase as people move into more advanced projects.

Currently holding however not looking too promising at the moment.

Basically you got to go to your port forwarding settings because if you use a wifi router you got probably 5-10 different devices at the same time and the modem needs to know which device to forward the port too.

Keep in mind that if you do this, you might become a target at getting hacked because people will try and break- into your network to change your pool settings to their own. This was a common attack when Claymore first introduced remote monitoring without a password then he had to make passwords mandatory because people were just scanning IPs looking for :3333 port and see if it was open and mining. Many people lost lots of profits.

I ended up getting all my limit sells filled for DOGEBTC. Basically bought it at 20 sats and then a little more than 16 sats or so because looking at the Bittrex/Poloniex chart going back to 2014, seems to have been massive support. I looked at how much DOGE pumped back in the Summer and just used the same ratio. Basically 2.5 times 15 sats = 37.5 sats, so had my limit sells there. Looks like the peak was 43 sats.

Looking at the weekly charts, if it closes somewhere half way between low and high chances are it will retrace for the next 6-24 months or so, so rather take some profits back into BTC.

Congrats on the sell philipma1957. Always great to take profits.

Pretty ironic that a few hours after I made this post, Bittrex has decided to delist privacy coins. Basically I think there is going to be more regulation in the near future and coins like XMR posses a problem especially when deaing with KYC. What is surprising is that ZEC is still listed at Gemini, however Bittrex has decided to delist it.

The big question is why they are doing it all of a sudden. A few days after SEC sues ripple. I think they were maybe contacted and warned to delist these coins. We will find out in the next few days what happens. If more US based exchanges decide to delist privacy coins then we know that its due to regulations and this is the reason why I don't see it going to $3000 with all these issues.

I don't think that reducing the memory clock will actually reduce the intensity and produce less heat or usage to perform other applications like gaming at the same time. Your GPU might use a little less power but your GPU usage still will be at 100% even though you are mining at 23MHS instead of 30MHS.  Because the core engine will still be utilized 100%. Maybe with the 5700 its different however for RX series it won't make a difference.

Only way to reduce the work is by freezing up the cores on the GPU and its usually done by lowering the intensity with most miners. However with lolminer I haven't been able to do that. If you want to reduce it to produce less heat there is a way how to do that. Just look back a few pages because I wanted the same feature. lolminer is a great miner just needs certain featured added which the developer seems to be working on. Give it a few more months and I am sure the intensity feature will be included.

I think you might be confused but ETH and ETC used to have the same algo but right now ETC switched to a new algo with a lower DAG. The DAG is 2.5GB so any card with 3GB or higher can mine it. Since its <4GB you are mining ETC at full speed. With ETH the DAG is slightly over 4GB and the software is using some special way to get it to load somehow on your GPU, however the trade off is that you hash at a slower speed and it gets slower and slower after every new DAG.

With windows its much worse because it caches more stuff in your GDDR hence there is less room for any DAG especially if its over 4GB. Hence if you got tons of these 4GB GPUs you will really need to mine it on linux because you are missing out on alot of profits, especially since the consumption is mostly the same on both operating system.

Ideal method would be just to sell the GPU and upgrade to an 8GB model, however these days they are either sold out or overpriced. I've seen some 8GB variants of the RX series go for double the price of the 4GB.

Wasn't there some regulation regarding privacy coins about a year ago being discussed? I remember something vaguely. Most likely I think Bittrex is taking caution because of how SEC cracked down on XRP. Or they got some private memo and we might see these privacy coins being delisted on other exchanges.

This pretty much happens whenever crypto is at ATH and regulations always take place shortly after. Basically crypto being thrown under the radar and first it was self-hosted wallets needing KYC, then ripple being sued, now privacy coins are targetted and next thing we know they will go after ETH because it had a premine. Crazy times.

An rx470 can do 31mhs only if it’s the 8gb model. Not possible on 4GB. I had a bunch of those and highest is maybe 30mhs but it rare and needs Samsung memory perhaps.

And it definitely doesn’t do 70W. What you see is the consumption estimate by the software but the actual power consumption is more like 120-130 watts. I did what I could but even if you reduced the core as low as possible to run at like 25mhs you would barely get it below 100 watts. In today’s standards the consumption is not that great but great compared to a r9 290.

Yes DOT was probably one of the most successful alts of 2020 along with maybe LINK. I am actually surprised that it broke the $7 resistance like butter and its trending higher and higher.

The pair to watch is however the DOTBTC, if you look you can see its a bull flag however we dont know where the local bottom will be. Currently in the 32K sat area its resistance, and it might make another leg down into the 15K sats area when it breaks the 18K previous support. So I think 10-15K sats is a good price to buy with BTC. The fiat chart is hard to predict since most of that depends on BTC success. However the cross pair seems easier to trade.

XMR? You sure this is not a typo? Its currently at like $150 and its peak was maybe $450. I don't think its possible for it to hit $3000 ever. Sure its a privacy coin but there is going to be regulation against privacy coins and it will prevent some exchanges from using it. Look what the US regulators are trying to do now with self-hosted wallet. So this is why I don't think $3000 is possible for XMR.

LINK might of peaked at like $20 or so however there is huge supply of LINK. If you expect it to go to $100 it means that its market cap will need to be $40 BILLION. That is going to be very difficult. To put in perspective its basically more than Tether and half of Ethereum.

$10K was maybe strong resistance after it broke $10K and then went below $10K. However remember what happened in 2017 with $10K? Many people assumed that its an important psychological number, it must stop there. And what happened instead? Went thru $10K like butter.

Same when we broke $20K this time, we came close a few times and eventually broke thru it like butter. I am pretty sure $30K will be no different. We will break it and then can easily reach $32-33K and maybe then $30K will be strong support. However on the way up, I don't think it will have much resistance.

Yes and TSLA was one of the highest short interest stocks for a while. Many shorts got completely wiped out when it reached ATH after ATH. Most of the people shorting TSLA ignore basic TA and short it based on fundamentals.

Its currently valued more than any of the auto makers like Toyota, VW, BMW. Its price has PE going forward 10-15 years or so. So basically doesn't make sense investing in TSLA for the long term, however people do and price keeps going up.

Hence why its not smart shorting BTC at $30K, just because it seems too high. It can keep going up and up and up for a long time before it pulls back.

The next 24 hours should be interesting since it’s a new year. Those that made lots of profit probably want to cash out on the new year to move it to next years taxes or to fall under a lower tax bracket next year.

However it seems that too many people are expecting this so most likely it won’t be the outcome. Just like people assumed that $13.8K would be the double top and then people assumed $20k would be the top and look what happened.

Markets like stocks are also crazy. Everyday Tesla keeps going up and up and nobody knows why. Pretty soon Elon musk will be the richest man on earth.

I have been selling my RX 470 4GB since the 2018 crash pretty much. What I noticed is that they are selling like hot cakes pretty much . A year ago I would sell maybe 1 or 2 every month. Tons of low ballers and people basically saying “I know you mined with this GPU will give you $20 for it”.

Now when I make a Craigslist ad some days I sold 2 of them the same day. Reason why is mostly due to covid. In my area they banned gatherings and everybody is stuck at home. Nothing to do except play video games or watch Netflix. It’s not only GPUs, some CPUs are sold out also. Go to Newegg and see how much stuff is out of stock.

You can still mine with 4GB cards with a special miner software called lolminer. It has a method to somehow mine even if the DAG is larger than 4GB. Sounds amazing doesn’t it? Yes but there are a few issues.

One of them is that every new DAG the speed slows down by a large margin while consumption remains the same. The first DAG where Phoenix miner stopped working for me, I got 28.5mhs from my regular 29.5mhs. Now a few dags later and it’s down to 22mhs. Basically every dag it slows down by 1mhs or so. So good for maybe another month and then time to upgrade the GPUs.

I had a bunch of these and couldn't find anything worthwhile to mine. One issue is that its 4GB and you can't mine ETH on it. Another issue is that it uses like 200Watts to mine ETH at 28-29MH/s so very inefficient when an 4 year old RX 470 gets 130 Watts.

What I found was that they sell very easy for gamers. Gamers love these cards for some reason. Make an ad on Craigslist and some kid will buy it to game, you might get up to $70 for it. They were good cards back in the day but their mining days are over. Best would be to sell it in a crossfire setup if you got more than 1 of them. They will get lots of gaming power for a small price. Gamers don't care about power efficiencies since they game like 1-2 hours a day or a week.

Yes you couldn't be even more correct. The perfect recent example of this is what happened with the DoorDash IPO last month. The DASH price IPO was like $102. And when it launched it went all the way up to $200 pretty much. Pretty sure no retail trader bought it at $102. Most bought at almost $200 and now the price is crashing all the way to most likely the IPO price, its currently at $147 or so.

This is a prime example why its not always easy trading stocks. Sure sometimes you get lucky. However if you buy a bluechip stock like McDonalds or CocaCola how much profit are you going to earn per year, maybe 5-10%. Sure better than a savings account however unless you are a millionaire, never going to get rich that way. You can try and trade options, however know that they all got huge premiums and most expire useless.