An Asian manufacturer that makes chips for bitcoin mining blamed uncertainty over cryptocurrency mining among the reasons for its weaker than expected guidance for the rest of this year.

Taiwan Semiconductor Manufacturing (TSMC) is the largest semiconductor foundry company in the world and also makes chips for leading technology firms such as Apple and Nvidia.

Morgan Stanley say bitcoin mining only profitable above 8600 dollars. I'm not sure this is correct though, especially if future valuations come anywhere close to fruition.

There doesn't seem to have been any media FUD for a while and I keep reading how institutional investors are coming into the market. Is the bear market over and is renewed optimism coming into the market? It easy to see what is happening now as a new bull market but I've been caught out before.

Even with the price back above $8,000, many of the so-called miners that perform the complex calculations to generate the digital currency are at risk of turning unprofitable. If prices drop below that threshold again for an extended period, there will likely be a swifter consolidation to industrial-scale mining. That could knock out the last guy-in-a-dorm-room operations and leave holders of the currency vulnerable to the dictates of the big miners.

“It’s totally different this year than last year,” Silicon Valley venture capitalist Bill Tai said in an interview. “The bitcoin mining industry was this mysterious dark cottage industry, and it’s about to grow up and about to have elements of institutional scalability at all levels."

Smaller miners will drop out, and only five to 10 of the largest will survive and be profitable, said Tai, who serves as chairman of Hut 8 Mining Corp., the capital financing arm in North America for Amsterdam-based Bitfury Group Ltd., one of the biggest makers of crypto-mining equipment. When the price of Bitcoin approached $19,000 last year, Bitfury had to turn some customers away as $1.9 billion of orders streamed in, he said.

More concentration could also hold a lot of sway over Bitcoin’s price. Miners hold between 20 percent and 30 percent of all Bitcoins, according to Lucas Nuzzi, a senior analyst at Digital Asset Research. Bitfury alone has mined more than 1 million Bitcoins, Tai said. The company has already sold coins to defray operating expenses. If miners are forced to sell more, that could depress Bitcoin’s price.

So, the question is really about adoption. How do we expect cryptocurrencies to be adopted as valid payment methods when everyone is really using them as investment stocks? Will we only see proper adoption once the current greed and "quick buck" mentality subsides?

The deadline is already past. It was yesterday (April 17th).

In fact, to comfortably have covered payments by yesterday, you'd have to have sold 1+ weeks ago. That lines up pretty well with that bottom in the low $6,000s. Quite a coincidence.

Indian exchange Coinsecure has announced its plan to repay customers for stolen bitcoins as well as a 10 percent bounty to anyone who helps recover them. The exchange claims it was an inside job, and suspects its chief security officer of playing a role in siphoning off the money.

Coinsecure revealed that the address where stolen bitcoins were transferred to is 1BaEJquitskdXcTj53Uy6PuUtJ5a8ETWpA. At the time of this writing, there have been 973 transactions through this address and the final balance is 139.42094629 BTC.

The stolen coins were “transferred to the hacker’s wallet over a span of two days in small tranches” and then sent to multiple addresses, the news outlet described, noting: The exchange claims an insider job in the theft and suspects its chief security officer, Amitabh Saxena, of playing a role in siphoning off the money. Coinsecure also requested Delhi police to seize Saxena’s passport, fearing that he may leave the country.

The police are currently investigating the case. The exchange has filed a theft report with the Delhi Cyber Crime Cell under Section 66 of the IPC and the IT Act. According to News18, “the company’s servers have been seized to get information about [the] hack…Many senior officials of the company have [also] been called for questioning.”

What are you talking about? The crash already happened we are in the middle of it, also when the market cap of cryptocurrencies goes up altcoins have a very strong tendency to grow faster than bitcoin, but when the market cap is going down the opposite happens and altcoins have a tendency to decrease in price faster than bitcoin, so you only have three strategies, you buy bitcoin and wait until the market improves, you buy tether or finally you cash out and get dollars and wait until the market recovers as well.

After such well-known speculators as Soros paid attention to cryptocurrencies, you can not believe any media. I still don't trust anyone. Soros can buy all the media several times. But the fact that the vector of the news direction changes to positive is good. This is a sure sign that the price will rise.

Bitmain, Chinese cryptocurrency mining company, has been given a green light to set up a blockchain facility in Western Walla Walla County, a county in the U.S. state of Washington. Local newspaper Union-Bulletin wrote that the decision was in complete agreement of the three commissioners involved in the situation.

As we hope it to rise, always looking any rise like a saver but instead they seem like to a trap.
Just look at one month ago what happened from any graphic, from 7200 to 9200 it was a wild process it just rised too fast then everybody believed it is real and jumped, left with a bag in lap ,it came back to 6ks. So calculate well it s the same guy again moving, it will rise then another rise then a big fall. if it rises too steep that means it not natural, if its not natural grace yourself 

Greed is what is often targeted by the scammers. Take bitconnect for example, it was an obvious ponzi scheme but people still fell for it because they believed that they would make millions in such a little time. If you don't want to get scammed, don't be greedy.

There are newer cryptocurrencies than BTC with better technology. However we often insist that BTC is "king" because of its "first mover advantage" and its greater adaption. But then USD has far far greater adaption than BTC.

Shouldn't we value more technology than adaption? Isn't it natural that in the end other cryptocurrencies with better technology will prevail?

Today, when  I open huobi, I saw the price rise so high. I really regret not investing in the last one month when the price got so low...

How fucking stupid is that?  Anyone investing in crypto should prepare to gain 10X their entire investment.  This would be a much better way to prepare as it is far more likely to happen than a loss of entire investment.  WTF is wrong with journalists today?  

Experts believe the surge has been the result of institutional investors with huge funds in their pockets. According to a senior market analyst, Mati Greenspan, this is what has happened and will continue to happen.

Sweden is winning the race towards becoming the world's first completely cashless society, but there are growing concerns it's causing problems for the elderly and other vulnerable groups.