Trying my luck hehehe.

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I reckon setting up a scam bitcoin mining farm would not be worth the risk similar to those UK gangs renting houses and leaving. The operators have to apply for business permits, pass all the legal documents, set up the mining farm and look for a cheap electricity supplier overseas.

It is possible that they started legitimately.

@batuhantstknn. Most of those teams will not or cannot prevent it. As it happens, most of those teams cause their tokens to fall by selling a percentage of them in the market where the community is left to buy most of it and baghold them.

That sounds very bad but many ICOs did it.

Hehe agreed. But only because we know that there might be a certain whale who wants to dump some coins again.

I hope next time, the whale would be more patient and avoid selling on market price. Aeon does not have enough bids to cover his or her dumps in Bittrex.

@Thekool1s. It certainly is the bear market that are causing some miners to close down and run. I am not defending the them, however mining's breakeven price cost is higher than bitcoin's trading price and it might become either another cause of worry or FUD hehehe.

@boomboombazookajeff. That is a very easy wager to make because every cryptocoin is presently beginning to settle on their own bottoms hehehe.

However, we might not be out of it yet. A certain someone might decide to continue dumping hehe.

Is this as bearish as can Tom Lee go? $15k might also be too bullish hehehe.

@miners. What is the real breakeven price in mining costs compared to the trading price per bitcoin? I reckon the real war of the miners will occur in bitcoin and Bitmain might begin pushing smaller miners out.

In any case, I also predict that the trading price below mining breakeven price articles will be the new source of FUD.



Wall Street's best-known cryptocurrency bull just cut his bitcoin price target nearly in half.

Tom Lee, co-founder of Fundstrat Global Advisors, lowered his year-end target to $15,000 from $25,000 — still well above where the cryptocurrency was trading on Friday.

A key driver was bitcoin's "break-even" point, the level at which mining costs match the trading price. That level is down to $7,000 from an earlier estimate of $8,000 for the S9 mining machine by Bitmain, according to Fundstrat's data science team. Based on that, Lee estimates that fair value for bitcoin would be roughly 2.2 times the new $7,000 break-even price.

Bitcoin is trading well below that, near $5,539 on Friday, according to data from CoinDesk. This week, the majority of major cryptocurrencies saw double-digit downward swings, and bitcoin hit its lowest level of the year.

But Lee is betting on a recovery. He told clients in a note Friday that even in the depths of a previous bitcoin bear market between 2013 and 2015, it "never sustained a move below breakeven."

Read more https://www.cnbc.com/2018/11/16/wall-streets-crypto-bull-tom-lee-slashes-year-end-forecast-by-10000.html

Agreed. However many of them were also scams. I use the word scam in this example, similar to the way the altcoin community uses it for ICOs hehehe. A project that has no chance to succeed because of unreachable promises made by a development team that did not have the skills.

@Hotsauce61488. Post screenshots of your account, including the amount of your big sized bankroll if possible, and provide everyone with the rest of the information of your frozen account as proof if you want to share this to get the attention of the community.

That was not the question. The question was do we keep copying what Monero does no matter what without having our own identity? Is Aeon the backup plan in case Monero fails?

Also, staying in the original algorithm before the switch would have helped us attain more hashrate.

Fundstrat. The same global company of financial advisors that has Tom Lee. The Tom Lee who predicted and expressed with all his heart that bitcoin will be on $20k - $25k by December. Now, again they are telling us what they predict hehehe.

I reckon a prediction market like Augur might be a more accurate tool than those analysts.

@Carlton Banks. Yes, a Chinese has to be a member of the communist party of China to own a large company, however I reckon the party must have given their members some autonomy to run their own companies.

@squatter. Agreed,however there are IPOs created to scam some people. Remember the technology bubble? There were many internet startups that did not have positive earnings that were approved in filing for IPOs. Most of those IPOs are similar in the cryptospace's ICOs. They are all promises but no product.

@sunsilk. It will not be a total show for all. It is a scam. Floyd had already confirmed that the fight is on under the rules of boxing and they will be in the ring for only 9 minutes.

It is only an exhibition for Japanese fans who have nothing to do on new year's eve hehehe.

@Hydrogen. I reckon Conor will never accept any proposals from the UFC except if it was a rematch versus Khabib. It will depend on how their suspensions will be long, however.

Dana's UFC lightweight storyboard has become a mess hehehe.

You are right. I am no one but a dirty forum cave troll. However, I cannot wait for that rich man to change his prediction again after black wednesday and share it in the forum so my fellow forum cave trolls will laugh at him again heheheee.

@cybersofts. You should post your reaction to all the news you share. Reading only the news is boring unless you post news only for the purpose of it.

In any case, executive positions in companies in Asia are only formalities. It might imply that Jihan lost control of Bitmain, however in actuality, Asians owners never give up control of their own companies. They only pass on the title.

An IPO is only another way to scam and collect money from the investors hehehe. Corrupt regulators can be bribed by companies to approve false filings of cash flow, assets and liabilities, and other information.

This is the same as an ICO, however in a regulated environment.

@fasdorcas. Watch the replay of the fight. I reckon there were occasions that Yair was hitting air with his elbows. But he was already doing them using different angles. The last one might be Yair knowing where the poor korean's head might be and getting the correct timing hehehe.

@pooya87. The when can I become rich selling bitcoin type of attitude harmonizes with the description of bitcoin's function as a store of value for wealth. Would you say that the people's willingness to invest im bitcoin does not add any value to it?

Also, holding bitcoin as an investment has already occurred years before the ETF's proposal. How do you reckon does it give freedom if not by selling fiat for holding bitcoin?