Basically you had months to sell at a price almost double of today and why hold and sell now? When BTC was having these +20% days back in June 2019 it should of been your signal to sell some, not your entire position but maybe 20% or so. You can't sell the top but you can average your sells just like your buys.

I didn't sell the top either. I think I sold some at $4K, then $5.5K, then $6.5K, then $8.5K, then $10K, then $12.5K and didn't sell anything higher than $12.5K because I regretted my earlier sells between $4K-$10K and was assuming we would go to $20K but we never did.

So sometimes selling too early can be a good thing, but if we hit $25K then obviously not. Either way. Its too early to tell whether we hit the bottom or not, so hold for now.

LTC? That hasn't been GPU mineable for years. Its actually one of my first coins that I mined ever. I started mining it back in late 2013 when people were going crazy over bitcoin and crypto and I started mining it with my old Radeon 7850 (R9 270X) GPUs.

Profits were actually pretty crazy back then. I bought more second hand Radeon 7970 ( R9 280X) and I made at least $5/day/GPU for like 2-3 months or so. Then in Q2 2014 it started to get unprofitable but not as bad as it is today. One reason why it was unprofitable was due to LTC Scrypt ASICs.

They were released in 2014 and pretty much nothing for GPUs to mine until ETH was launched in late 2015. So ASIC pretty much killed GPUs back in 2014, just like ASICs killed GPU mining back in 2012.

Where are you located?

I think you should go to your Craiglists ads and buy some cheap RX 470/570 8GB GPUs, right now people are selling them very cheap. Most brands are fine like ASUS, MSI, Sapphire, etc.

The sales of these GPUs is so bad lately that I basically pulled my ads and stopped listing them because it reached the point where I don't even get people lowballing my GPUs anymore. After todays ETH price crash, many people with power in the $0.07 kwh range are at break-even so pretty much any retail person would be mining at a loss.

So either go on eBay or Craiglists or Kijiji and buy a few GPUs on there. Some even come with warranty up to 3 years like MSI or ASUS where the warranty sticks with the GPU and not the owner.

And it hit a new low again today and I am glad I didn't buy it yesterday at the $0.19 area thinking its the bottom. The best play for something like XRP is just to catch it on the pumps and either chase it or buy the pullbacks. Because who knows how low it will go, people right now are probably wanting to buy in the $0.15 area, and then what if it goes to $0.12 area? Most likely people will say $0.10 is the bottom and it will either be the bottom or might go even further down to single digits.

I rather not hold this alt long term, sure it might go to $0.50 one day in the future but I rather just buy it at $0.05 then have to hold it for 2 years just to get break-even. I think from now on, I will most likely look for shorts on XRP until there is some trend change.

The Plustoken selling could be one catalyst however it seems that alts are getting more sold-off than Bitcoin. I think what is happening this is mostly the ETH, LTC, XRP people getting liquidated who kept catching falling knives all year. I think the best example is XRP.

XRP has been on a huge decline since its peak at $3, and it goes lower and lower and lower and people think that it can't go lower. I think many assumed that the $0.25 area would hold and when we broke that area we quickly accelerated the selling all the way to the $0.17 area. This is a large amount because its over a 33% difference, and there are probably people who bought at the $0.30 or higher area.  XRP hit the lows for 2017, it was the worst performing top alt so far.

If this continues I think ETH eventually might see double digits and LTC might hit $20 again.

Even though EOS is the #7 coin by market cap and has almost a market cap equal to LTC, the issue is that many people outside of traders and speculators don't really use it. It has alot of trading volume and most exchanges list the coin, you can even trade the EOS futures on Bitmex so its a very popular coin. However you are hitting a large roadblock by not dealing with BTC currency.

I think that coins like EOS, Tron, ADA are all great and revolutionary coins and they got great transaction speeds compared to BTC but they are new technology and many people still mostly trust BTC. Look at ETH, its almost 5 years old and look how many bugs in the past were discovered and it lead to millions of dollars of funds lost.

So you should try and get BTC payments as an option and your site will get much more traffic.

Yes we could hit the $5500 area but it won't be from over-leveraged longs on Bitmex. 2018 was different, November came and everybody was long using leverage. Right now I am sure many people are short on Bitmex, we might see $8500 before we see $5500.

I don't know how much of this is true but on Bloomberg was the piece about Plus Token selling their Ponzi ETH and BTC coins which is leading to this decline. Might or might not be true. The ponzi was actually exposed back in June 2019 when the peak happened, so its possible it might of been the fuel from $4K all the way to $14K.

However reading this forum and the posts on Twitter and Reddit, there are too many bears at the moment and leads me to think that we might be near the bottom, pretty soon and much closer than $5500.

Consider yourself one of the lucky ones then because the RX 470/570 were pretty cheap cards to begin with and you got great hash and great power consumption. So if you were mining in Late 2017...Early 2018 you probably ROI it multiple times.

The people that got it rough are the ones who got in the game in Q2 2018 and ended up paying an inflated price of $1000 for a 1080Ti GTX. Sure its Nvidia gamers love it but there is no way they could ROI on that GPU even if they sold it second hand.

Most likely if the fans are still good, just sell it in pairs and some gamer will buy them and Crossfire them. As long as the price is right they should sell. Most of the computers parts will sell except maybe the mining frames and risers which will definately be useless.

I don't think Bakkt had much of an effect on the markets. We were actually surprised to see it launch and didn't have much of an effect the day of launch when it sold like 5 bitcoins or such. Then a few days later it was a big decline and we haven't seen 5 figures for a while.

I think the market learn't its lesson when the BTC futures launched actually 2 years ago. I remember when the CBOE launched the price was still rallying, then a week later CME launched a few contracts traded at $20K on the futures and then it started to plummet. Its the 2 year anniversity today of this happening. And 1 year ago was actually the $3100 bottom, so who knows. Maybe in the middle of December there is some surprise that Bitcoin is cooking up.

There are many longs on Bitfinex so maybe they know something we don't.

Again got stopped out of Ripple just now. Basically pretty much almost bought the bottom back in August 2019 and scaled out some of it but my larger order at 0.00004000 never hit and basically got the rest out at a very small profit. Took probably half a dozen of these trades this year and none of the longs worked out. Basically should of just shorted at 10K stats like everybody did back in late 2018.

Looking at the XRPUSD its even worse, so bad I had to load up a Poloniex chart and it looks like Dec 4th 2017 was the last time it was this low. Right before the crazy pump which went from $0.20 to $3.60.

So its technically support but you need to be very patient with XRP and I will just move on to other alts.

Yes, you would be surprized how many people I've met that have invested big in Bitcoin and other Cryptos and when I mention if they have a Bitcointalk account they are like "What is bitcointalk"? Bitcointalk is a very good source for anything crypto and gambling related however for some reason people who are new to crypto never seem to be able to find it.

Unfortunately many people these days find gambling sites thru Google or thru some Reddit/Twitter posts and many times they can be a scam site. They deposit their funds and later they have issues with withdraws they google something like "999dice scam" and find Bitcointalk and they read about the scam.

If more people just did their research before sending their precious Bitcoins to a gambling site it would lead to much less scams. Bitcointalk is the best source because if you look at the Fortunejack thread there are over 7000 posts over 360 pages, so you very well know you won't get scammed. Same for the other sites. However if a gambling site is a scam or has shady practises then you can easily find out by reading a few pages here and there. However most people don't take the time to do the research.

This is actually the same story when it comes to people who buy cars. They buy some car, drive it for a while, then it has some issue, they take it to a mechanic and mechnaic basically says "Yes this car is a lemon, why did you buy it", they bought it because it was cheap and they didn't take the time to do research beforehand.

I think they are confused with what an mobile app is and what a mobile web app is. Basically its difficult getting a mobile app up and running. It would need to be approved by Google and Apple and it will be difficult to get done since anything crypto related is diffult to list and same with gambling. So I wouldn't expect an actual Mintdice App found on the iOS store or Google Play.

However most gambling websites have mobile friendly versions of the website, so when the server detects that its someone trying to access the site thru a mobile browser it sends it to be a more "smaller screen" friendly page and people can easily play dice that way. It would be very difficult to play with the actual full screen where you need to zoom in and zoom out constantly. Bitcointalk forum is actually like that, there is no mobile version and it requires lots of zooming in and zooming out to browse. Its fine on an iPad but difficult if you are trying to read anything on an iPhone.

No it would not be good. I don't think tether will collapse but in the off chance that it actually did, then it would be disastrous and even if you hold Bitcoin, your Bitcoin value would most likely decrease anyways because it would turn out that tether ended up being some scam and many people would just get out all together and just invest their money in the stock market.

Libra isn't really going to be a tether competitor, its going to be centralized and who knows if it will actually go live. When they announced it many of the government bodies stopped in and tried to stop it. By the way these meetings go, it could be years before Libra is actually released.

Anyone know why they didn't delay the ice age in the last hard-fork? Looking at,

https://etherscan.io/chart/blocktime

It seems that the block times didn't go back down to the average ~13.5 sec times and instead they are growing every 3 weeks and currently the block times are almost at 17 seconds. Most likely the next hard-fork can be delayed again and it will eventually reach the ~30 second block times like it did back in late 2017.

Currently anyone with power at 0.10 kwh is basically mining at break-even, I predict that the hashrate will keep dropping even further.

Just because most of the bitcoin hashrate is from China or at least the ASIC manufacteur's doesn't mean that its controlled by the Chinese. Do you think Ethereum is any different? Maybe in the days before the ETH ASICs it had a good distribution of hashrate througout the world since anyone with a GPU could mine it, however now much of the hashrate is pretty much ASIC  and where do you think those ASICs were produced? In China of course.

I had these discussions with some of my friends and basically its 2 sided. When they buy bitcoin and it goes up, they say its the best thing ever. When they buy and price goes down they go on a similar rant such as yours and say its a scam because they lost money. If you bought APPLE or Facebook stock and it went down and you lost money, would you stop using Facebook or stop buying Apple products, probably not. So bitcoin is no different. Just buy during bear markets and sell during bull markets, and don't FOMO.

The analysis is correct because if you look at the weekly chart, even if we hit $9K, it would still be a lower high. We would need to break and close over $10300 to make a new Higher high and hopefully get out of this bear market.

Back in 2018 it was no different. The $6K support was basically followed by many failed newer highs and it was the hint that eventually out of the blue the $6000 would break which it did in a random day in November 2018.

Looking at 2019, we hit a new higher high when we broke the $4K area and this is what led us to $14K in a very short period. So nobody knows what will happen but its the general view most traders are looking at.

I am pretty sure besides Bitcoin and Ethereum most of the other coins which are proof of work can easily get 51% attacked if their prices keep decresing and they result in a large amount of miners leaving the network. Exchanges know this and this is why besides ETH/BTC most of the other alts require large amounts of confirmations in the off chance that there is a 51% attack or some chain re-org, and this has happened in the past actually.

I think it was Bitcoin Gold or Ethereum Classic which had a chain re-org and many exchanges had to halt deposits/withdraws and basically some exchanges ended up getting double spent and resulted in losses. So the solution was just to increase the amount of required confirmations.

With Bitcoin you will find many exchanges and services that only require 1 confirmation, many alts are not like that.

When Xi said he was for "blockchain" back in Oct 2019, many Universities overnight pretty much started to offer Blockchain courses. And I think its important to people in the computer field to quickly get a degree in this Blockchain field.

Reason why? Is because there is very little supply of Blockchain tech's and very high demand at the moment. Even if Bitcoins price doesn't recover it doesn't matter, we are just talking about Blockchain here and not Bitcoin.

Hence someone can really enhance their resume if they quickly take these courses and stand out of the crowd.

Not another crazy Bitcoin prediction article, how many more of these are we going to get? Pretty soon we will hear "Trump says BTC will hit $1 million".

Think about it this way. Say these people had some time machine and actually knew 100% what BTC would be worth in 2020 or 2022 or 2025, do you think they would still be posting these predictions? Most likely not, they would instead borrow as much money as they can and buy as much BTC as they can. Why tell other people which will make the price go higher and make you pay more for the same bitcoins? Exactly.

Hence they are no more than just guessing and should be just taken with a grain of salt.

Yes I agree I am surprised its taking this long for them to actually roll-out PoS. And right now they have lots of developers and this should of been done years ago. I remember I started to mine ETH in late 2015, bought a bunch of GPUs and in middle 2016, I stopped buying GPUs because it was rumored that it would be full PoS by end of 2016 and its been 3 years since the initial deadline and there is still not PoS in sight.

Feels like a bummer because if it wasn't for me not upgrading my farm, I would of had more ETH to sell in the $1000 area when it hit $1400 back in early 2018, however since I didn't expand for more effcient rigs and hardware I was mining with older GPUs which mined less ETH. And this was back in the days when the ETH hashrate was considered low, basically even with a low ETH price you still could of earned $2/day/GPU. These days its probably like 10% of those figures.

So who knows when it will exactly come out. Most likely it will be some hybrid type of PoS setup.