I think in the next week or month or so we might finally get the "alt season" rally everybody is expecting. Why?

Load up the ETHBTC chart, its basically going up against major resistance right now. There is major resistance between the ~0.02238 all the way up to ~0.02467.

The 0.02467 is very significant because it provided great support on the weekly chart going all the way back to Dec 2017, and this area actually held during Sept, Dec 2018 and May 2019 dip.

The 0.02238 is significant because its resistance on the daily chart, look at the way it rejected this price back in July and August and beliefly visited it back in Sept 2019. It looks like it might break, and then 0.02467 should break.

Then I expect the BTC dominance to dip down again and some alts like ETH might recover.

His question doesn't really make much sense because BTC is traded on the open market. This isn't an car which you can set a best price at.

If a car is selling for an average price of $10000 and you find one for $9500 then obviously that is the best rate for it.

However best rate for BTC is different for everyone and its pretty much their average price that they paid to acquire BTC. If someone bought it at $9000 they will say $9000 is the best price because they don't want it to go under, same for someone that bought it at $12000, they will say anything under $12000 is a great price.

In my opinion I think around $10000 is a great price and a good price is maybe $7500 and above. Something like $5000 is considered "ok price" and something like $1000 is considered "very bad". Sure I would like $25000 a coin but you need to be realistic.

It won't hit $4000 by 2020. If you want some perspective look at the ETH options on Deribit,

https://www.deribit.com/main#/options?tab=ETH-27MAR20

The March 2020 is the longest running option for ETH. And if you look at even the largest call which is $600, it only has a price of $5-6 per option.

Hence there is very little reasoning that it will even go above $606 by March 2020. Keep in mind this is only with an OI of around 4500 contracts so its not large volume but if some entity assumed that $4000 was possible they would buy up every single one of these options.

You will need at least 1 GPU to load the DAG plus the Windows data system files on the GDDR. But you will still need to have at least 4GB for the other GPUs. What I mean is that you can't have 1 GPU that has 8GB GDDR and have the rest being 3GB GDDR GPUs. It won't work I tried.

The way the Claymore software works is that it needs to load the entire DAG onto each and every GPU. It doesn't just load it only on the first GPU. You can look at the resource history monitor and you will see that the memory for each GPU is completely used up. So this will still only work with any GPUs greater than 4GB but anything 3GB or less is obsolete in mining ETH right now.

Yes back in the 2016 days when my 2GB  GPUS stopped working, I noticed that in some rigs they mined while in others they didn't. Then I discovered that in the rigs where I had mixed GPUs like the 3GBs with the 2GB GPUs then mining would work, while in rigs purely with 2GB GPUs they didn't.

I discovered that you need to put a 3GB GPU in the device 0 PCIe slot, usually this is the 16x 3.0 PCIe slot. And you can put the 2GB in the other slots.

Right now I can't test this out since all my cards are still working. But if you are getting issues, try and buy 1 GPU which is 8GB like the RX 470 8GB which you can probably buy for like $75 these days and try this out and it should work. Just make sure to put it in the 0 PCIe slot so that GPU loads the most of the DAG plus the Windows data resources and the rest should fit on the other 4GB GPUs.

Either this or just try Linux. There are distros available these days which are plug n play pretty much.

The admin probably abandoned the website due to low interest but at least he could of shut down the website to prevent any new bets taking place.

This idea might of worked in 2016 when each BTC transaction was 10K says which was like max 50 cents but after the 2017 bull market and crazy network fees an onchain betting site just can't survive. This is why most gambling sites added an option to create an account, make a deposit onchain and make thousands of bets within the site off chain instead of on chain.

Bitcoin basically grew too fast hence why this idea doesn't work anymore. Maybe it would work on the lightning network.

Please change your topic to something less flashy like your site name and maybe a feature or two like PvP and No House edge.

Like I said before I just don't see this ever being successful. You can't survive without a house edge, the donation idea will not work. Maybe if someone wins big they will donate 1% but most gamblers are greedy and won't donate anything at all.

Another issue is that in crypto we tried the PvP model before and it was even an option on the large prime size dice site and after a few years they removed the option due to low interest.

Most people rather just do it again the house and rely on provably fair.

I don't think he will ever reveal himself. Think about it, if you were him wouldn't you sold some of the million BTC at
$1 a coin or $10 a coin or $100 a coin? Most likely you would however since there doesn't seem to be at least any evidence of any of those Coinbase type of coins in 2009 ever being moved then most likely he didn't sell any of them.

Sure it's possible he is selling the coins in reverse where he is selling the newest coins first and going backwards to avoid detection however this would be very difficult to trace because during 2010 there were many miners back in those days.

Most likely he is well off and doesn't need the funds or like some people suggested here, he died or lost his private keys.

Hardware wallets and most software wallet generate keys by a 12 or 24 word mnomonic. They do this because it's easier to save 12/24 words on a piece of paper for backup than some random long lower and upper case letters and numbers.

Your bitcoins are fully safe however. It's almost impossible to crack even the 12 words because there are over 2000 combinations for each word and also the order of the words is important. If it was 6 words then it would be very insecure and easily crackakle but 12 words is near impossible.

Nobody knows exactly what will happen. This is why many people just rely on technical analysis, whether it be stocks, futures, commodities or crypto. Myself I base my trades off the weekly charts which has a lot of noise filtered out.

If history is to repeat itself then a confirmed bear market will be when the $9000 area gets tested within the next few weeks and fails to close above it. This is what pretty much happened in 2014 and 2018 and lead to a long bear market afterwards. If you sold when these candles closed you would of sold at a good price.

Only ways I know of making crypto without any risk

1) If you have a Hero or Legendary Bitcointalk account then you can join a signature campaign. Most the pay outs are pretty well. No risk except for your time.

2) Bitcoin or Altcoin mining with ASICs or GPUs. This has some degree of risk but you can usually resell the GPUs when things start to go downhill. But as long as your power rate is low and your GPUs are paid for. It's a great risk free way to earn some cryptos.

3) Lending. Especially fiat lending. Instead of cashing out your profits and leaving in your bank account to earn little interest just cash out to tether instead and lend that. Get like 10% a year. Some risk if you get hacked or if exchange goes
Down or if tether becomes insolvent.

This probably is actually the reason. Whenever someone wins big whether it's gambling or trading cryptos they usually get beggars who tell them they need money for food and other elaborate stories.

I had a similiar situation with some friends back in Q4 2017. They heard I was involved with Bitcoin since 2014 and all laughed and assumed it was some scam. Fast forward 3 years later and they are texting on how they can invest. But the worst was this friend who Wanted some BTC for free. The guy would tell me to send him "Just 0.10BTC" and at the time it was around $1500. And his response was "You got lots of BTC, send me only 0.1BTC you only paid $20 for that 0.1BTC". Sure I would send him $20 worth but he refused and wanted the 0.10BTC.

Hence why this feature is a good idea actually.

This is why it's extremely difficult for any new gambling site to ever become big in the crypto industry. Most new gambling sites are always almost dice which people are sick of. And even if there is a new and unique idea such as 2dice the other issues becomes lack of capital.

There are 2 ways in which a site lacks in capital.

First one is they don't have enough for the bankroll. This is an issue because if a site has 0 BTC in its house wallet and the site accepts deposits from gamblers and hopes to use that money to pay other winnings, it will be a solvency issue if there are too many winners and they all try to withdraw. This is very common with most new sites. Hence why many people demand some form of proof of funds.

Second is when they have bankroll capital but don't have money for promotions such as ads and signature campaign. This is also important because for a casino to survive it needs gamblers.

The result of this halving might foreshadow what might happen with the BTC halving next year. Basically after the fact this was nothing more of a "buy the rumor, sell the news". Everybody assumed that basic economics should play out here where there will be less supply hence higher price. Which is true however the price might of already been too high before the halving. Many bulls got trapped into positions and it lead to massive liquidations recently. This is similar to what happens during the main-net launches of certain coins, the price rallies up to the launch and then it usually almost fades.

With BTC there was only 2 halvings and both were bullish in hindsight.Everybody is assuming that history will repeat itself... but will it. Keep in mind that when too many people think of the same trade strategy it usually doesn't end up working. So May 2020 should be an interesting time.

BTC pretty much already touched the $7700 area. On XBTUSD the low was $7765, and most likely the local bottom of $7688 will get tested within the next few hours. What is important is what happens right after.

If we break $7688 and head to $7650 and fail to go lower, it means that there is huge demand and lack of sell pressure, very bullish. However if we break the low and fall to $7500 or lower, then its very bearish. Similar to what happened in Nov 2018, where we dropped another $1K over a span of a few hours.

Most likely this will confirm whether the bull market will continue or if the bear market started when the $9K broke a few weeks back.

This isn't the first time to find someone who sold their house and bought cryptos.

I remember back in the 2014 bear market someone sold their house and bought BTC at $500 a coin and had it eventually reach $150 at one point. Surprisingly the guy never took the loss and went into profit in 2015, I don't remember his nickname but he is super rich right now.

Then in 2017 some guy sold his house and his family started to live in an RV. He bought BTC at $3000 or so and hopefully took profit when it hit $20000. Eventually the risk paid off.

Selling a house to buy alts however is pretty crazy I must say.

I got a position open from $168 that I longed about a month ago and will most likely close it soon unless we get some bull action soon.

The $168 was important because it was support in 2018 and then was strong resistance and when it retested $168 it held twice so I opened I long hoping it would refest $250 or $400 at least.

However it looks like BTC might break $7700 and then most likely $7500 won't hold and we might crash down into the low $7000 and $150 range or so for ETH. Not looking pretty.

Didn't BCH already hit $500 during June 2019 rally?

I don't see ETH going over $1000 in the near term. Reason why is there are too many underwater positions in it and it's the reason why every single rally gets sold into.

Keep in mind many people bought ETH at $500 or $750 or $1000 and they are sitting at huge losses unlike BTC. Hence with every rally we usually get a quick pullback right away.

There are also ICO who didn't sell their ETH during 2018 and they are just waiting for the perfect opportunity to unload those coins. It's going to be a huge struggle for ETH to regain $1000 again.

There is very little money to be made by lending out BTC. You are better off just selling it and just keep it in your Saving account at your bank and at least it's insured by the government. BTC lending is usually for most hodlers but the gains we get from lending is usually very low that it's better keeping it in cold storage where you know it's secure.

The real money is lending out tether or Fiat. If you lend out tether or fiat depending on the exchange you can get at least 10% a year which is very good. You can also just keep Synthetic USD with a futures broker and get almost 1% a month or so.

It's pretty crazy how we hit a low of $3100 at the beginning of the year and more than quadrupled in value while we are still already triple from the Dec 2018 and everybody is saying we are in a bear market.


Don't know how new most people are here but most of 2018 it traded around $6.5K or so. You had plenty of times to sell at $12K, $10K and now at $8K which is much better than at $6.5K last year. When price was at $6.5K people were very bullish and now price is at $8000 and people are very bearish. Makes no sense.