Well eventually somebody will be correct at picking the top, even if its a local top and not a final top. However many people assumed that $4200 would be the top which it was the weekly high, it wasn't.
Then they assumed $6000 would be the top since it was strong support turned into strong resistance. It wasn't either.
So now people are assuming that $10000 will be the top because its a psychological number and was the top in May 2018. So we will see what happens but most likely $10K will get broken and head higher.
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BTC does have crazy FOMO periods where there is basically no sellers and people are paying crazy prices to buy some. This is why when BTC broke $10K last time, it very quickly went to $20K.
I remember bitcoin ATMs were pretty much running out of coins to sell, if you wanted to sell BTC for fiat they even waived the fees for you. There is also the exchanges which had to pause signups because they couldn't deal with the huge demand.
So yes $62K is possible but I think we might get $12-13K instead, something more conservative.
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I think the main reason is that not enough people will be using BTC to make their purchases and its not worth the hassle spending millions in coding and another million to train the support staff when issues arrive.
Most people who buy on Amazon will buy it anyways on Amazon so they will get paid anyways. If they added BTC the sales wouldn't increase by much.
Sites like Newegg accepted it because most of their customers were computer savvy and a larger percentage of those were actually miners. So it made sense for Newegg. And many miners probably ordered from Newegg just for that reason instead of another computer retailer. So they gain business actually instead of Amazon which would retain that same customer in the first place.
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I can’t believe you guys really think btc will hit 30k , halving or not that’s crazy even so that’s only a x3 from now
Well hitting $30K is one thing and quite easy to achieve, especially how fast BTC has advanced in the past. However holding and trading above $30K is a different story. People say that BTC went to $20K, but it actually never hit $20K, in fact it was only above $19K for about 3 days and it was above $18K for 3 days and a few hours. It was above $17K for about 7 days. How many people do you think sold at those prices? Not many. It seems that after $10K breaks, if it breaks then a retail FOMO rally will start and it might be a repeat of 2017.
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Like others have said in this thread. Its basically like a double-ended sword.
Its great when you are right because you can make multiple amounts of profit rather than being in a 1x position. But its bad when you over-leverage yourself due to greed and a small market move makes you lose all your capital.
This is why stock market is capped at 3.3x margin and only for high cap stocks. You can't do 10x or 50x on a traditional stock market. The reason why is because if it was possible too many people would get liquidated and would have crazy spikes like we have in BTC markets.
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I know there are CEO's and what not (someone recently got married I think)
The person who got married was MICRO. Maybe Stunna is eddie's nickname in bitcointalk? That would make sense but if the website changed hands and Stunna is no longer the owner or at least if it was sold yet still kept Stunna as a partner or whatever else happened basically, I think we deserve to know, maybe I am playing here fully because I trust Stunna and if it switched hands I will decide to not play here anymore? I mean that is not the case I still like it a lot and will play but that doesn't change the fact that if Stunna is not Eddie, we need to know what happened to Stunna.
You're only speculating. If someone bought the site there's should've been an announcement already. As Symphonized pointed out they're not the same person and Edward have his own bitcointalk account. Stunna is still active you can see him post here and Edward is mostly active on the site (stake or primedice). I don't think that ownership changed hands. The easiest way to tell would be to look up the WHOIS info on the domain or see if the cold storage has been moved to a new address. PD/Stake are making great revenue and I don't see a reason why they would want to sell their profitable business, doesn't make sense. Usually the sites that sell their business are unprofitable or if they are profitable the announcement gets made public. Because if its leaked that a site has new ownership it might be bad for business. As the new owners might not be as trustworthy as the old owners. Kind of like when Microsoft bought Github.
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This list is good however people should still do their due diligence and read the official gambling thread here on Bitcointalk to be up to date with the latest issues, you can't read all the pages but you should read at least the first post and the last couple of pages.
Safedice does have a red flag, but the red flag was added recently and it actually was having withdraw issues for an entire year (or longer even).
There are also many numerious sites not listed which are all red flagged and are proven scams. And the easiest way is to simply read the thread. Because usually the red trust is added way too late before more people get ripped off in the meantime.
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Bitcoin tends to grow in rapid spikes, and what is happening now is really not the one such spike, we are merely recovering from the recent correction, because we've already touched $9,000 recently. The next stop will be at something like $11,000-13,000, then the price will will correct again, and we'll go back and forth for a few weeks or maybe even months. It's hard to call the top of a bull run, but you can estimate the next closest price level.
How do you know the next stop will be $11-$13K? Its very difficult to predict BTC cycles. Many people assumed that $6000 would be strong resistance and went heavy short or sold all their BTC. And we sliced that area like butter pretty much. Same can happen with $10K, people will assume its the top and short it heavily or sell and we might slice is straight thru. And like you said before, its hard to call the top, especially with BTC. Many assumed that $2K was the top, then $3K, then $5K, then $8K, then $10K, and they assumed $25K would be the top which never hit.
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From what I recall, you have to use these drivers if you want to mine with Windows 7. The latest AMD drivers version which support compute mode is only for Windows 10, there is no option to enable compute mode on Windows 7. Even if you toggle the hotkey in Claymore to force it into compute mode, it won't work with Windows 7. This is why its recommended to upgrade to Linux or Win 10, since another issue with Win 7 is that 4 GPUs are max. You can't use more than 4 GPUs which are the newer RX unlike the older Tahiti/Hawaii GPUs.
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As of today Bitcoin gained sharply in price reaching two years high crossing the barrier of $10 K. What price do you think Bitcoin would achieve in this bull run? Would it be over 20K or below?
Your topic isn't correct, it never reached $10K at least yet. On some of the Bitmex futures it hit $9600 or so however the spot markets or the perp swaps the high was $9400 or so. I think $10K will be a tough barrier, if we break-thru it then there will be many FOMO thinking since $10K broke that $20K is next. So we should quickly go to $12-$13K. If $20K is broken then easily go to $25K or $30K. I highly doubt we will see $100K.
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https://btcgrinders.com/blog/Bitcoin-Trading-AnalysisOur experts currently suggest going long on Bitcoin which currently sits at approximately $9200. A good price point to exit would be $10,000. If you want to get a bit adventurous, you may even set your exit point at $10,500 or $11,000...... I find that if you think $10,000 is a good exit then your sells should be at $9800 or $9900. This is what I did back in 2017, even entered a short at that area, and basically it cut $10000 like butter and went straight $20K. However a year ago last May 2018, the complete opposite happened. It never reached $10K, I think the high was like $9960 on most exchanges and went straight down. So this time around it should be interesting what might happen. If $10K breaks then we should see $12-13K easily.
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Now the market is recovering a little and profits are rising, but still very little return on graphics cards at this rate. We hope that Ethereum will grow.
Profits have only gone up for BTC and LTC. For most alt coins which are mineable like ETH not so much. One reason is that ETH did go up a little but so did the difficulty. And while BTC and LTC is hitting yearly highs, ETH is still below the $300 mark. I think if ETH breaks $500 or so then finally we will see easy profits of $1-$1.50/day/gpu like we did for most of 2018. However keep in mind that there are many ASICs now and tons of powered off GPUs which will eventually come online when the profitability is high.
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Videocard RX 480 4 Gb, Win7. What should be the hashrate on these drivers when mining ethereum? Should there be a decrease in hashrate, or is this a normal hashrate? Your speed should be around 28-29MH/s based on your shown settings and clocks. Are you sure you correctly installed the Robinhood drivers? You should do the install manually in the device manager. Refer to the first few pages in this thread for instructions. I haven't tried but the newest version of Claymore automatically includes some AMD drivers which might get you the correct speed. Just make sure to enable the setting in the config of Claymore.
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Speaking of lotteries.
There is a BTC pool called ckpool and they got a solo mining section where if you actually find a block you get like 99% of the reward sent to you. Its not a real pool because its a solo mining pool without the headache of running the software client.
A few years back I had an ultra-silent Antminer S3, I had it in my office pointed to it, hoping that my S3 would be the first S3 to find a block on that solo pool, after many many months (or a year) I never hit a block. I think my largest diff was like 1,000,000,000 or so.
This was years ago when the bitcoin difficulty was much lower than today, today I think you would be better off playing an actual lottery than solo mining BTC.
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I have never bothered with any of these aftermarket Electrum forks (except Electron Cash) due to the fear of viruses and malware.
If you are pretty technical with computers you can download a program called Bitcoin Fork Claimer, its some python script that you can even run offline and you manually create a raw transaction you can later on broadcast to the network.
This way you don't need to worry about some fork being a scam and getting all your unclaimed coins stolen.
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I registered, now I can not log into my account, wtf? Never had any issues with logging in. Are you maybe using a VPN, proxy or other ways to mask your original IP? That might be the reason you are not able to log in. Try without a VPN. I also experienced some log-in issue. It took me some loop before it lets me thru. I log in then prompted to 2fa. After filling the 2fa, it seems successful but then I am looped back to login again so I need to fill the login details again. Happened to me every now and then. I do not know if the issue is on my end. Anyone experiencing this too? We have the same page experienced on this one dude, but I realize in the end that it must be my internet connection is the problem why I encountered those things. So as of the moment, I used fortunejack as my one of hobbies to play with it through dice games. What browser and OS were you using. I had a similar issue a while back with logging in because I would just type my Username, Password and just hit ENTER on the keyboard and nothing would happen, had to click "Sign In" with the mouse and it would work. And same with the following prompt asking for 2FA, hitting ENTER did nothing but had to click "Submit" and then all was well. Right now however this seems fixed and you can just hit ENTER on the keyboard and you should be able to login. But I am thinking maybe some browser or mobile device you are using has this bug. If so let me know or just contact support and they will issue a fix for it. Its nothing major, just need to use the mouse to click instead of the keyboard. But might be an annoyance for some.
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I have 6 1070's on a rig with h81 pro btc and g1820. After 15-30min the cpu goes to 100% and the rig becomes unresponsive. Some of the cards start mining with 4-5mh and I start to get rejected shares. I'm using MSI AB to overclock my cards. Task manager reports System, System interrupts, EthDcrMiner64.exe or MSI AB maxing out the cpu.
A few people have been having similar issues - myself included. Haven't managed to find a solution yet. It might be hardware related, like insufficient ram for that many GPU's to maintain being run at max capacity from straps? Only speculating. In short though, I'm in the same position as you and if I find a solution I'll post here or PM you. Tried it on a different Win10 installation and it's the same. Now I removed AB and I'm using the built-in -mclock and -powlim commands. I think there is an improvement, as it takes more time before this thing happens. It's not the virtual memory, because hwinfo reports no more than 50-60% use. It's not the Defender, because it's disabled. I tried HiveOS, but I saw that it doesn't support -strap and I removed it without testing. I can't get even close hash speeds so there is no point of trying in the first place. This happens only on my Nvidia rig where I'm using claymore. I'm using Win10 1709 build 16299.371 with Nvidia 430.86 drivers. I have this exact motherboard and exact CPU as you except I had it with AMD gpus instead of Nvidia's. I can almost gaurantee your issue is a Windows 10 update. Even with updates disabled, for some reason they kept installing. What would happen is either the rig would mine slower, speeds would jump up and down, Claymore remote manager would keep losing signal, or the miner would just crash. Doing a cold reboot fixed the issue only to return a day or 2 later. Basically it was the update again trying to install. What I did was just leave the rig for 12 hours, let update install and you should be good for a couple more weeks. Its a very old CPU and not meant for Win10.
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It seems correct with the block number and all. What is the next line in
[2019-06-08 21:48:29] LONGPOLL pushed new work
Did the block actually get sent to the network? Or was it blocked by some firewall somewhere? Because in the next second some new work should of been posted since you found the block.
You can check which block you found and then find out with that block where the coins were sent, and see if the address belongs to you.
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You did get a great deal. The RX series GPUs have horrible resell value at the moment. My guess is AMD has made tons of these GPUs and nobody wants them, even with people who got power <$0.10 kwh.
Since you paid so little, unless they fry themselves you can probably sell them for $50 second hand (third hand for you) and get break-even. Even if the mining scene is dead by then.
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