Hey guys what are the known places to invest your earnings to generate more earnings?
Geez, I thought everyone already knew. Enron, bitconnect and Ripple! Make sure you get Bernie Madoff to do the book keeping.
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Haha Nice lol Neef to call a friend Hmm... Macrobond? Brickstring. Isn't that what those Mongolian dudes use to pull passenger aircraft with their penises ? Haven't been to Mongolia yet but I know a guy in India that makes and tests all his own brickstrings.
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6920 then 5200 then 6500 then capitulation around 3K in january 2019
With this difficulty there's close to 0% chance for ever getting back to $3000. Yes, electricity prices * difficulty are not directly correlated to BTC price, obviously, but no miner can afford to subsidize electricity costs to BTC network. You can not operate with a long terms loss, they will simply: a) turn off the machines, or b) stop dumping immediately what has being mined, making permanent bottom on break-even price level. Guess which one is more likely to happen. Bitmain just announced that it has finally developed a better ASIC chip. It will be 42J/TH. Bitfury also announce that they have a new ASIC chip which gets 55mW/GH. https://www.coindesk.com/bitmain-ceo-announces-new-7nm-bitcoin-mining-chip. I put in some figures, and it appears at the current difficulty and 5 cents/kwH price in China, that brings the electricity cost down to less than $1,500 USD to produce 1 BTC. If the difficulty doubles, it will still be less then $3000 USD to produce a BTC. And I suspect some of the larger mining farms in China are getting a better deal than 5 cents/kwH. Therefore, the break-even floor is going to be lowered. However, I really don't think BTC is going to go much below 5000 USD. After all, Bitcoin core just patched up a major bug that was present for almost 2 years, and the market responded like it was just noise. Kinda concerning really. Is that last bug and we're all fixed now? Whew! Inflationary bug? First I've heard inflation was actually possible for btc. What is the likelihood it was planted there intentionally? Maybe someone just discovered a hidden pot of bear juice. Sorry, gotta ask cause that's a pretty big banana.
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While I'm pouring all my savings into BTC, all my friends have been going on and on about weed stocks. Tilray, Canopy, etc. Not sure why I'm so skeptical. Maybe I just don't understand traditional stocks or weed futures. Federal prohibition is nearing its end.
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A piece of a photo from this morning. Can you identify the subject? More to come. Derp... probably far too easy. But bitcoin isn't moving. Crystals, almost ripe for harvest, no amber yet.. And I thought there'd be at least one guess, lol. Really just wanted to show off one of my girls 2 more weeks if weather allows.
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A piece of a photo from this morning. Can you identify the subject? More to come. Derp... probably far too easy. But bitcoin isn't moving.
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Are derivatives running the price now? Is Bitmex the new Bitfinex? 26% of the volume today on Bitmex.
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i think there are many cruelty's possible on the other side
Because gold and silver are "god's money"
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Jesus! I love bitcoin! Jesus thats... Jesus. What is your leverage? Thats noooooice! Watching the volume on that new toy! Rekt all over the place on bitmex. What is this new toy? sauce me baby. I only know of the twitter rekt page. Does anyone know of a good strategy to spot shorts and longs? What kind of tools do you guys use for bitmex? Posted a couple days ago in here by someone else, sorry, can't remember who. https://tucsky.github.io/SignificantTrades/#
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Watching the volume on that new toy! Rekt all over the place on bitmex.
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The real volume is 100% Bitmex
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Voted 7-7.5k for the new poll. And currently leading as the most popular choice 35% Smart people in here
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As for volatility, I am pretty much waiting for the next bear trap to buy in again. Now is the most uncertain time for a new wave of newbie buyers and people are going to exploit that.
How the psychology of fear keeps people from buying the bottom.. I think this is a very certain time in the market. I think the price was more likely to go down at any time during the pump than now, after it is already down.. New ATHs are what scare me.. all time highsBut when people see ATHs they feel brave and greed? Totally nerve wrecking for me also (watching the price rocket waiting for the consequences.) Hopefully the next time we reach 20K it isn't on the handle of a hockey stick.
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It must be time for a new poll. Anticipated volatility leading up to Sept.30 should make for some good poll results!
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A home is a capital depreciating asset. Bitcoin isn’t.
Not in my experience. My home and properties have only appreciated in value. Maybe you bought in the wrong location? Did it, or did the measurement stick devalue? Nice, toushe, it's a bit of both in my neck of the woods. My original sentiment was one of home appreciation. A solid base to work from, ground, root can be paramount to future endeavours. Personally I was way less likely to invest in anything before I owned a home. So it's appreciated not only with my money but also my time.
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A home is a capital depreciating asset. Bitcoin isn’t.
Not in my experience. My home and properties have only appreciated in value. Maybe you bought in the wrong location?
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No pain, no gain.
This doesn't feel painful what's painful is the wife making me sell for the down payment on a home and soon. I'm going to lose out big. Owning your own home is a great thing and often a decent investment for your money and relationship. Sounds like you might not have been able to make the down payment if you hadn't been in BTC for awhile. Congrats! Another success story sprung from BTC. Anyhow, you'll be rebuilding your position again soon. Make sure you negotiate for the interest rate, those things aren't in stone at the banks.
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Rejected at $6700 I think
Wanna bet we break through $6700 by EOD ? Ok, single malt? er wait.... we better stick with a gentleman's bet
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Decision point Rejected at $6700 I think
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