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861  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] FujiCoin 3.0 | Japan | Since 2014 | BlockBid - Bleutrade - Cryptopia on: November 27, 2019, 05:45:20 PM
Hello Fujicoin supporters, today fujicoin has been added to a new exchange! Sign up for free and start trading today! https://exchange.thecoin.pw

lol.

Signed up for this for the heck of it. The exchange is newer than new, almost all the altcoins listed have NO history yet of sales or buys.

FJC does not even come up with anything to do (even upload from what I can tell). The exchange is too new. Also no search bar for coins, annoying.

Not too impressed. Sad

Brad

edit: Did find a way to deposit FJC, have not bothered. Smiley
862  Bitcoin / Mining / Re: US Tariff Ruling N297495 = 2.6% mandatory tariff on bitcoin mining hardware on: November 27, 2019, 12:59:09 AM
Thanks, I was more than a bit, befuddled.

As far as I can tell from the news the 10% increase in China tariffs is still gonna go into effect on December 15th, unless some miracle happens, here in the USA.

Man, the 25% tariff is just one of like 20 or so clusterf*cks going on in the USA as we speak, sheesh...I wonder if the talk is true on more tariffs on the EU as well?
863  Bitcoin / Mining speculation / Re: Fears/Backlash on ASIC mining and miner capitulazation with BTC/Crypto. POLL. on: November 27, 2019, 12:56:24 AM
Surviving in the 100's for Bitcoin does nothing for me, in that I expect a good-sized recession in the USA when 'adults' 'hopefully' take control of government again. Thus BTC better act as a 'store of value' like Gold and drift back above $10k and beyond, because 20-40% correction (20% is a recession) reflected in my traditional stocks and retirement investments would be quite the problem on top of BTC/Crypto blowing up to 'hobby' status at that point in time. I really do need Bitcoin to be 'Plan B' as folks say. Just the way it has to go, or I'll be screwed by both the 'decentralized' economy (BTC) and the 'centralized' economy (stocks and such)...

Anyway, why I'm in HODL mode and still selling the crap out of the attic to eBay for cash to buy some more BTC dust...

later

brad
864  Economy / Speculation / Re: Q4 -Quarter 4 speculation thread, where will 2019 end, join the LIST on: November 26, 2019, 09:01:07 PM
15,431    LFC_Bitcoin

 Roll Eyes


Damn, you will get all my 'merit' if that comes to pass! Damn, got a small BTC woody just thinking about that price. Smiley

865  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Litecoin - a lite version of Bitcoin. Launched! on: November 26, 2019, 05:24:04 PM
Last several hours it hit around $38 USD. LTC is like other coins, tied at the hip to BTC.
market is again in bearish mood and price of litecoin is coming in my range now if it will hit 25$ then i will buy more. i never thought that again market will come this far down again in this year but its happening. well some analyst says that its will down hard this time i don't know why crypto become more risky day by day.
This is a good opportunity to buy ltc, because the altcoin market is currently in a negative trend and now the price is $46 and this is a fairly small price reduction compared to the percentage of decline that occurs in bitcoin, I think with this condition it will not take much time a long time ago for ltc to increase prices later on the market.


Myself and everyone I know is 'sitting on their hands' on buying any altcoins, even Litecoin. There will not be, IMHO, any movement or pump on Litecoin until or unless

Litecoin gets Mimblewimble protocol to work. Until then any talk of Litecoin going up in value in relation to Bitcoin is just that, talk.

IF for whatever reason this Mimblewimble protocol gets dragged out another year before being implemented then Litecoin at best will act like all other altcoins and just

mirror Bitcoin prices. Or at worst, the fact that Litecoin will have nothing to show for say a year of promises and no Mimblewimble, the price will dump by another 50% or

more. IMHO, it is 'put up or shut up' time for Litecoin to differentiate itself with Mimblewimble from Bitcoin. Without doing that, Litecoin is gonna mostly fade away.

I hope I'm wrong, but how I see it.

Brad
866  Bitcoin / Development & Technical Discussion / Re: Blockstream's Bitcoin Satelite WWW w/ OuterNet USB Reciever. on: November 26, 2019, 05:18:19 PM
This weekend I installed my dish, spent a while failing to point it properly, and tonight finally succeeded getting a signal from the Galaxy 18 satellite feed!  By far the hardest part for me was just getting the thing pointed properly to get my first signal in blocksat-rx-gui.  Some helpful tips:

- I've read it's best to start with the elevation setting as it tends to be the more critical and finicky axis of alignment for such satellites.  I made sure to get the j-mount pole as level as humanly possible so that the elevation gauge on the dish's mount would be of use.  It helped to actually put the dish on the j-mount first, and then level.  I initially tried leveling the mount by itself, but then mounting the dish to that ended up pulled things off-level a tiny bit.  In hindsight, I suppose I could have also set the elevation using my level that has an adjustable angle dial, and computed the dish's proper elevation angle from it's specified offset angle.  The dish mount's built-in gauge worked just fine for me (make sure to use the edge of the metal and not the nut on the bolt as your gauge indicator).

- For setting azimuth (left/right heading of the dish), I initially tried doing a rough alignment with my smartphone's compass, despite knowing it isn't super accurate and is prone to interference from all sorts of things.  Surely a quality old-school compass would be better, though still affected by EM sources and magnetic materials...  I'm a bit of an amateur astronomer, so I realized I could just use the stars and a good star charting app, assuming I had a clear night.  I opened up my SkySafari app and looked for a bright star on or just east my target azimuth meridian.  There wasn't a suitable star I could make out in my light-polluted Chicago skies, so I instead looked for a bright star further to the east of my target azimuth meridian and simply waited for good ol' Earth to rotate into alignment with it (about 30 minutes later).  I then stood directly underneath my dish so that I could sight right down the LNB arm to aim the dish in the star's direction (azimuth-wise only, of course), and voila, my first signal in blocksat-rx-gui.  Obviously if you have a roof-mount or little space below your dish, this technique may be difficult, but mine is mounted about 5 feet up on the side of my house, which made it super easy.



Thanks for reviving my old thread! I still have this setup...I've never put it up..as with many projects no time. I guess when the 'Zombie Apocalypse' happens I'll have to do this!

Anyway, maybe someday. Good to know someone is having fun with such. Let us know how the whole blockchain from space thing for Bitcoin works as well.

Too many projects, too little time. Sad

Brad


867  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 26, 2019, 03:32:50 AM
Patience is hard

I prefer to think of myself as 'an optimistically unicorn farts/rainbows/kool-aid drinking and HODL kinda guy. Smiley

Again, BTC either gets back someday to $10k on my accumulation of BTC dust as we speak from 'attic mining" stuff to eBay then Cash and then buy BTC...at my 'supposed'

over/someday $10k BTC price again. Or heck, I'm doing a lot of 'drudge' eBay selling cubicle work for nothing.

Or I've got a lot worst problems than a unicorn fetish....and should have sold like weeks ago.

So I prefer delusion/denial/hope/HODL as an operating method for the future! Smiley

I’m just relieved to hear that Trump can’t be impeached because he was chosen by God

True, if that is the case, most of us here are a shoe in for Sainthood! Smiley




868  Bitcoin / Mining / Re: US Tariff Ruling N297495 = 2.6% mandatory tariff on bitcoin mining hardware on: November 26, 2019, 01:48:28 AM
but what is with the post that states 37.6% is that just 'anticipating' the 10% tariff by the time your supposed China unit hit USA shores? (unsure how that works)

I understand the chart and all..just when/if/how it applies? now? dec 15th? whichever?
869  Bitcoin / Mining / Re: US Tariff Ruling N297495 = 2.6% mandatory tariff on bitcoin mining hardware on: November 26, 2019, 12:47:00 AM
I'm confused? Is this what they are charging in China now, because of the anticipated 10% tariff hike on December 15th? Or is this something else an 'upping' of the 2.7% import fee to 10% on ASIC miners (ie electronic components)?

Thanks...just lurking..not buying...but seems quite the clusterf*ck for those who are 'brave' enough to get ASIC equipment.

later

Brad
870  Bitcoin / Bitcoin Discussion / Re: Bitcoin Anonymous HODL Thread. Tell how kept or lost faith in HODL & SOLD.-Poll- on: November 25, 2019, 04:18:35 AM
I'm not sure you can say I enjoy HODL'ing. Especially with the recent price dump. But, I don't NEED the BTC to be cashed out. Also being older, I may only HAVE 1/4 century

(25 years) of life left, if I'm lucky, so if I don't take a chance on my belief in BTC/Crypto...wodon't matter much by then anyway.

So riding this out and accumulating some dust on the way.

I think the price dump is miner capitulation myself 60% of scrypt-pow miners are Bitmain L3+s and convert their LTC to BTC mostly I think. Also same for sha-256 or Bitmain S9's

also likely at 60% of the equipment on sha-246. Thus they are all still? kinda hanging in there.

https://cointelegraph.com/news/no-capitulation-bitcoin-miners-completely-unfazed-by-price-drop

So, IMHO, a lot of miners were big on HODL'ing which they can't do now due to real-life issues like electric costs/data hall rent or mortgage/etc. Most big miners in the USA anyway

work for themselves .they will dump BTC till it hurts rather than go back to work for someone else. So real-life issues for them must spend the coin, can't hodl as they wish, have

real-life bills/family/issues due probably by the 10th of any month. Also, it is the end of the month now. So that lack of HODL'ing by what is usually the 'cheerleaders of BTC/LTC/Crypto and

them having to spend on top of such...is likely a big trigger for those who speculate and trade that things are going south.

But what do I  know? I just HODL (mostly) since 2013.

So maybe it will go beanie baby...I'll still is likely to have passed a bit after 25 years (knock wood) and have no debts/house paid/ and other investments to keep an OK retirement.

So hell, let it ride. I have to just keep believing after drinking the 2013 kool-aid..that BTC/Crypto is like a 'virtual land' where the value of such is reflected in the amount of land

the adoption and use of the land and the amount of land still to be tamed. (ie...the last 3 million BTC to be mined).

So the price of BTC is based on the amount of BTC vs Adoption vs real-life usage as a store of value or a virtual gold.

IF I am right, this too shall pass. I am basing all my 'dust accumulation' on BTC eventually in some way or someday getting back to $10k per BTC and accumulating dust by

selling crap on eBay accordingly. This is if I'm right. Also, if I'm right on the above, I'm assuming my 'traditional investments' are gonna take a pretty good hit in what I see

as a 20-40% correction/recession on such. So it is a wash, with BTC/Crypto acting like "Plan B" and saving my butt.

IF I am wrong, and somehow BTC/Crypto is regulated to the dustbin of history as beanie baby money. Well that means the that very rich and connected and powerful are in charge

which probably means my traditional investments are fine and it is just young people and others starting out that will have a much tougher time to get by in the world. In other

words, more centralized control of money and onward and upward to someday perhaps Trillionarires.....but again, flat wage growth for the last next 40 years like the last 40 years

won't affect my old ass...so its a wash.... I get beat up on my BTC/crypto dreams as a loss but traditional world money and investments let me slide at my age.

hardly fair.

I would PREFER that BTC/Crypto go up in value in a more modest sustained manner along with a better more fair bit of capitalistic improvement over the next 25 years I could watch.

But anyway, from my old ass point of view...let the BTC/Crypto wise, what the heck. Again, selling crap (attic mining) stuff I'd otherwise die with for BTC/Crypto 'dust' to add to the

hoard. Stuff to do in my retirement. Smiley

Brad
871  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 25, 2019, 04:16:32 AM
I think staring at charts is not waste of time if you like that and enjoy doing it. Maybe for some of you who enjoy other things in life such as going to the beach or go to the party, be with your girlfriend,. Or if you make more money on other things.

Yes I enjoy all those things, and more. What's the point of having money if you can't enjoy it?

You can enjoy with money in a different ways. Some are enjoying to buy a house or a good car, some good food and drinks, some are spending in a casino or for women. Some even enjoy to donate or give money to help other people, animals, to preserve nature, wildlife, to find the cure. People have different desire and joy.

I'm not sure you can say I enjoy HODL'ing. Especially with the recent price dump. But, I don't NEED the BTC to be cashed out. Also being older, I may only HAVE 1/4 century

(25 years) of life left, if I'm lucky, so if I don't take a chance on my belief in BTC/Crypto...wodon't matter much by then anyway.

So riding this out and accumulating some dust on the way.

I think the price dump is miner capitulation myself 60% of scrypt-pow miners are Bitmain L3+s and convert their LTC to BTC mostly I think. Also same for sha-256 or Bitmain S9's

also likely at 60% of the equipment on sha-246. Thus they are all still? kinda hanging in there.

https://cointelegraph.com/news/no-capitulation-bitcoin-miners-completely-unfazed-by-price-drop

So, IMHO, a lot of miners were big on HODL'ing which they can't do now due to real-life issues like electric costs/data hall rent or mortgage/etc. Most big miners in the USA anyway

work for themselves .they will dump BTC till it hurts rather than go back to work for someone else. So real-life issues for them must spend the coin, can't hodl as they wish, have

real-life bills/family/issues due probably by the 10th of any month. Also, it is the end of the month now. So that lack of HODL'ing by what is usually the 'cheerleaders of BTC/LTC/Crypto and

them having to spend on top of such...is likely a big trigger for those who speculate and trade that things are going south.

But what do I  know? I just HODL (mostly) since 2013.

So maybe it will go beanie baby...I'll still is likely to have passed a bit after 25 years (knock wood) and have no debts/house paid/ and other investments to keep an OK retirement.

So hell, let it ride. I have to just keep believing after drinking the 2013 kool-aid..that BTC/Crypto is like a 'virtual land' where the value of such is reflected in the amount of land

the adoption and use of the land and the amount of land still to be tamed. (ie...the last 3 million BTC to be mined).

So the price of BTC is based on the amount of BTC vs Adoption vs real-life usage as a store of value or a virtual gold.

IF I am right, this too shall pass. I am basing all my 'dust accumulation' on BTC eventually in some way or someday getting back to $10k per BTC and accumulating dust by

selling crap on eBay accordingly. This is if I'm right. Also, if I'm right on the above, I'm assuming my 'traditional investments' are gonna take a pretty good hit in what I see

as a 20-40% correction/recession on such. So it is a wash, with BTC/Crypto acting like "Plan B" and saving my butt.

IF I am wrong, and somehow BTC/Crypto is regulated to the dustbin of history as beanie baby money. Well that means the that very rich and connected and powerful are in charge

which probably means my traditional investments are fine and it is just young people and others starting out that will have a much tougher time to get by in the world. In other

words, more centralized control of money and onward and upward to someday perhaps Trillionarires.....but again, flat wage growth for the last next 40 years like the last 40 years

won't affect my old ass...so its a wash.... I get beat up on my BTC/crypto dreams as a loss but traditional world money and investments let me slide at my age.

hardly fair.

I would PREFER that BTC/Crypto go up in value in a more modest sustained manner along with a better more fair bit of capitalistic improvement over the next 25 years I could watch.

But anyway, from my old ass point of view...let the BTC/Crypto wise, what the heck. Again, selling crap (attic mining) stuff I'd otherwise die with for BTC/Crypto 'dust' to add to the

hoard. Stuff to do in my retirement. Smiley

Brad
872  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Litecoin - a lite version of Bitcoin. Launched! on: November 25, 2019, 03:44:26 AM
By the by ...is Litecoin working on anything but the usual (1) keeping up with the bitcoin core updates or (2) mimblewimble?

I mean they kinda have to be having some kind of side projects on there own unrelated to the above on the drawing board right?

I mean most coins have more than a couple avenues of development. (yeah, its LTC maybe not)

anyway, just wondering (links?) I'd like for there to be more than just above

brad

I think they are focusing on adoption and partnerships.

...lol...

they have been saying that for 9 years or so now...lol...

they say that when nothing is going on...unlike other coins which actually state meaningful partnerships......the usual we are working on stuff...

nope...if mimblewimble does not do something for litecoin I'm likely out of all alts and into BTC

perhaps....miners...were the only cheerleaders for BTC/Crypto/Alts...now that complete mining capitalulation seems to be in play...perhaps the price may take years to recover

a lot of miners were trying for full HODL mode..but now real-life issues and miner capitulation and no real equipment ASIC wise worth getting ...perhaps adoption has dried up

now and the bears are in charge for a few years...

don't know...but not looking too good for any crypto

brad
873  Economy / Economics / Re: bitcoin goes down, no new rich people anymore on: November 24, 2019, 08:25:06 PM
omg, almost got heart attack when I saw your thread's title because 1 hour ago price was well. Why did you create this thread? According to coindeks, bitcoin has +1% rise as for now, so why do you discuss about thing that's not happening now? Bitcoin doesn't go down, if it was going in past, that's a whole different subject and similar threads were alrrady opened at times when it was really happening.

Maybe for the sake of creating a post without sense, if we compare the price it really a better one compare to the price way back couple of months that is playing around 3500$. Also it is good for creating a profit because the movement of value really helps the trader to had a profit.

The current scenario was heading up and it is obviously a good sign for us to become one of the newest millionaire who patiently keep optimist and determined to engage positivity for every shortcoming that market has filled off. People who hold their asset as this time will claim massive profits and became successful for their investments. So I prefer to wait more time until it will hit the desirable peak.

Those who the courage to buy when everything is red for months are the ultimate winners. I dont know when people will understand that to be millionaire you have to buy in current bearish market. Current bearish market is giving opportunity to become a millionaire but not all are wise enough.

Yep! That is the way BTC has worked since I got into this in 2013. Every major crash you were better off in HODL mode or selling stuff out of the attic on eBay and buying as much as

possible. I dumped $2k into BTC a couple of days ago at around $7.5K. I figure it is  due to miner capitulation with the majority of miners gonna fall off the difficulty cliff (60% IMHO) being

Bitmain s9's or equivalent units. Thus with halving coming up next year, figure it is more of the same. So my mental 'framework' is all BTC I buy now will eventually, someday, get back

to $10k BTC. If not I should have sold my BTC hoard now and missed it, thus not sweating any 'dust' amount of BTC I'm buying at this price dump of BTC.

Again, if we NEVER go back to $10k BTC, IMHO, all of BTC/Crypto as it exists now is doomed anyway, to have some kind of adoption in the world it at least has to get to $10k BTC

IMHO or adoption and use will stagger to a halt and the BTC/Crypto NON-government currencies are doomed. So wtf, its only money, right? So it is treating this as a 'buy' opportunity

as in the past, or I should sell the works now for $$$. Not going to do that, so buying now. Put up or Shut up, don't ya know.

Anyway, how my feeble mind is rationalizing buying as much BTC dust as possible on this down leg in price, it too shall pass! (knock wood)

Bitcoin: Always Drama!

later

Brad
874  Bitcoin / Bitcoin Discussion / Re: Did China really crash Bitcoin again? on: November 24, 2019, 06:36:27 PM
https://www.coincurb.com/news/china-unlikely-to-have-caused-recent-bitcoin-crash/

I don't think China was the cause of the 'recent' crash. Bitcoin has definitely been in a bad downtrend for weeks now. I'm sure these 'news' about China didn't help but that's not why Bitcoin has been doing bad all these weeks.
it's the same trick at 2017-2018 when china grounded bitcoin when they are biggest bitcoin owner.
dump and buy, then pump and sell, I don't want to but follow them, you'll get money, not as much but still got money. I often cut loss but still make money when buying at dip

Well, China may not have caused the major dump down to $7.5K but, China with has in the past almost always, (hell, always) when China thinks BTC exuberance has reached

too high a level slaps it down. This is a very common tactic. Indeed, on China promoting their own crypto coin and blockchain, it should have been no surprise the backlash

against Bitcoin and Altcoins.

So, I don't think the big dump was China. I do think the dump from like $7.8k to current $7.1k now contributed heavily and could indeed drive it lower, but I still think

'miner capitulaztion' is the real culprit and that will take 2-3 months for folk to realize that the tide has turned and their Bitmain S9's or equiv (about 60% of sha-256

miners if I had to guess) are gonna fall off the network. When that happens, I expect a pump in price again, with these 'boat anchors' cut loose.

as always we will see

brad
875  Bitcoin / Bitcoin Discussion / Re: Did China really crash Bitcoin again? on: November 23, 2019, 12:32:58 AM
https://www.coincurb.com/news/china-unlikely-to-have-caused-recent-bitcoin-crash/

I don't think China was the cause of the 'recent' crash. Bitcoin has definitely been in a bad downtrend for weeks now. I'm sure these 'news' about China didn't help but that's not why Bitcoin has been doing bad all these weeks.

I'm afraid so. The catch is mining is in full miner capitulsation now....with 60% of Bitmain S9's IMHO on the sha256-pow network...they are gonna fall off the wagon..thus...miners

are not HODL'ing anymore and they are selling coin in mass to pay for data hall and other past real life issues ..they are mostly underwater at a $7,250 usd btc price. Thus no HODL'ing

as most would want and MUST sell some coin to do real life issues. ...it sucks...add the need to (and probably can't) buy newer asic equipment that makes sense (see previous posts

i did under profil) but at 10c kwh and $7,350 usd Bitmain S17 pro 56TH miner at 2100 watts (moderate setting on watts) and you make $2.09 a day. When I looked today at also 10c

kWh a Bitmain S9i is negative -75c usd per day.

It is damn ugly out in the world.

Then as the OP states here...did China really crash BTC? I'm afraid so..the only other leg on the 3 legged stool left when mining as one and price as the other and trading/speculating is 3rd

leg of the stool....well the trader's and the nice little bots and long bets all got 'stuffed' on the China FUD on the BTC specific crackdown..mostly only noise that it is anyway.

Thus it is either a buy place to be for BTC or I should sell my Hoard and get completely out of BTC to cash.

I'm ridding it down, dumped $2,003 USD into BTC today and yesterday....boom or bust baby. My base figure is it MUST someday get above and stay above $10,000 USD in the future.

So I'm buying accordingly what I can afford bit by bit below that. If I don't think this is buy time for BTC, well then my BTC kool-aid drinking days are over and with my hoard

since 2013 it is all she wrote baby.

Boom or Beanie Baby I am gonna ride BTC either up to the heavens or down into a mine...what the heck..it is only money.

Boom or Doom I guess. Smiley

(hey, are we having 'fun' yet?) (sob!)

brad
876  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 22, 2019, 11:28:00 PM
I would not keep it in Fiat. Stocks or real estate or what ever brings me 5% a year.

 This. With a good managed portfolio, I've been pulling in 10-12% over the last three years on my traditional investments. Very happy with the numbers I'm seeing.

 Does not make sense to keep money liquid, just sitting there, earning basic sub 0.5% interest rates in a traditional checking account; take a number you are comfortable with not touching for at least a year, and put it into a managed fund, if you can. The fee's are more than made up for with the profits you will likely realize.

 In my experience, anyway.

Well, if what you say is actually accurate, then you are pulling out way the fuck more than what is within the realms of conventional recommendations, which is to pull out within the area of 4%.  Of course, any of us can tweak recommendations because as people we have discretion to do whatever the fuck we like; however, your pulling out 2.5x to 3x of the conventional recommendations seem a bit much.. and I suppose that within you assertion, you might be suggesting that you are able to achieve returns that are on average 2.5x to 3.5x greater than normal peeps?

Could be. Could be.  But doesn't seem too likely, especially if you consider real long term projections about what actual returns are.  Of course, in recent years, we have BTC that can be added into the mix regarding our actual returns, so in that regard, our actual returns could end up getting way the fuck skewed to the upside if BTC continues to generally (and even quite exponentially) outperform traditional asset classes.

Mine is a managed 4-5% for the last year on traditional investments. I did put windows and siding on the house this year as well as a newer truck ...this because i expect a pretty

good 20-40% recession coming along soon. I took the house/truck money out of the traditional investments to take some 'cream' off the top for my view of a pretty harsh recession.

Guess I forgot about BTC's version of such now that we are down to $7,250 USD now I see.

What the heck bought about 0.266 BTC in the last couple of days...so wtf. Been in this too long to lame out now. The 2013 BTC Kool-Aid seems to be keeping me buying on the lows

(dust or not) it seems.

If I'm wrong with the current BTC hoard on buying in now and monthly, big whoop, I'll have much bigger problems with the BTC I hodl if that is the case for any of that to matter...

If I'm right, however, I will look like (and claim) I had it all planned. (even though I just placed a bet...BTC always drama)

oh well, chump or champ we will see in the next couple of years I guess...

Plan on buying more BTC whatever the price on Dec 1st, 2019....would be nice if I could keep up monthly buying 'some' as a habit...no matter the amount.Smiley

Anyway IF my recession idea of 20-40% correction on the traditional stock market, etc. Bitcoin will come back. If not....well it was fun!

later

Brad
877  Other / Meta / Re: The Bitcoin Forum is 10 years old! on: November 22, 2019, 09:50:45 PM
Happy Anniversary and Long Live BTCitcointalk! Smiley

Long may she sail! Smiley

878  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 22, 2019, 09:48:29 PM
Well, with my BTC hoard I'm deluded (some say) enough that I can't let go. Thus dumped $2,003.66 USD with fees for 0.26679956 BTC over the last couple days

for an average price of at current $7,350 price of a loss now of $1,960.98 or a loss of -$42.68 USD so far. Sad

So pump or dump, I have now triggered the market with my 'magic' touch for one or the other. Feel free to praise me or blame me as things unfold.

But hey, having a hoard since 2013, have to believe that at least $10k BTC will come back someday, or all mining/halving/adoption etc dreams are toast anyway.

So 'forcing self' to drink the kool-aid as long as the line seems to be gone for such at the present time..and grab'ing some more dust!

Boom or Beanie Baby! (tm Searing) (Damn, I need a beer, been a rough week) Smiley
879  Bitcoin / Mining speculation / Re: Fears/Backlash on ASIC mining and miner capitulazation with BTC/Crypto. POLL. on: November 22, 2019, 09:41:11 PM
Well, hopefully, we are on the last legs of miner capitulation now. I mean if I am correct and my estimate or Bitmain L3+'s having until recently 60% plus of scrypt-pow mining (most of which converts to BTC) or equiv equipment of a like type from Innsilocon etc also in the same boat. Also IMHO, my guess of Bitmain S9's of whatever the flavor and again equivalent equipment from other manufacturers being about to dump off as obsolete as well.

Well that is #1 in the 'we are screwed' parade (miners from say, 2017 till now with such equipment)

#2 in the 'we are screwed' category is, of course, BTC price (IMHO BTC/China FUD and more) of, as I type now, $7,350 USD even.

#3 in the 'we are screwed' category (yes there is more) is the fact that a recent miner as an example Bitmain S17 Pro 56 TH at the $1,566 USD price (no tariff/no shipping) and specs of 53TH at 10c kWh and the use of (at middle-range price) of about 2100 watts. According what is on the "What to Mine" site pays out after electric (at a 10c kWh that I can get in a data hall) approximately at $7,340  USD priced BTC as of now, exactly $3.08 /day. well, that ROI certainly sucks. A Bitmain S9i for example on the same site https://whattomine.com/asic shows (13TH underclocked 1,100 watts) a loss of 75c per day after electric!

Anyway, I bought 0.26679956 BTC total in the last two days for $2,003.66 USD. I figure that $10,000 BTC has to come back someday, especially with the halving in 2020. If not, this whole BTC/Crypto endeavor was a pipe dream and I should dump my 2013 till now hoard of BTC/Crypto today. (It is like you are on a cliff with 2 choices and have to jump. One choice has a lake, the other choice does not. Flip a coin on what to do HODL or BAIL?)

Anyway, I choose to HODL and me tossing BTC Dust towards the hoard, bit by bit as BTC is under $10k seems the thing to do. If I am correct and BTC comes back even if forever sideways at around $10k I will have made $751 USD on my above $2003.66 BTC buying spree of the last 2 days on this dump in price. Chump or Champ. Fool or Genius. Time will tell I guess. But here is where I draw the line. IF BTC and indeed all crypto is to survive this miner capitulation and next years halving of BTC difficulty, etc. Someday/Somehow BTC MUST get over $10,000 with adoption and mining and stuff will have corrected itself etc or we are all fricking doomed.

Thus my bet. That this is a Buy opportunity. To think otherwise would be to abandon all hope and sell my hoard and walk. (hey, its only money. sob!) The good news is that the band/music from the upper deck as the ship sinks is soothing...so I'll leave with that) Smiley

later

Brad
880  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 22, 2019, 01:37:16 AM



yep, 'attic mining (sell the crap out of the attic on eBay and buying BTC with whatever I get for such)

I dumped in $616 USD for BTC or 0.0799999092 BTC Smiley Every little bit helps. Again, if it doesn't come back someday to at least $10k then this whole BTC/Crypto endeavor is toast anyway.

So the bit of 'dust' I manage to accumulate till then is meh! (hell, at least I'll have a clean attic and can make a rec room) Smiley

what the hell, I figure it has to get back to $10k someday or anyone in HODL mode will be beyond screwed...

so indeed, cheap junk = cheap coin on the above 'attic minning'

(now to get motivated to do this 'boring' selling on ebay again...groan!)

Remember: It is NOT the price of the BTC when you buy it now, it is the fact that you did get some BTC now vs months/years from now.

Accumulate/HODL/Success Smiley

later

Brad
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