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Need Linux miner for Hiveos.... |
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Currently in a massive descending triangle, and mid to end October, there is going to be a massive movement, either up or down. If you can imagine a coil being tightened and tightened, and then eventually launching when the tension is released, this is exactly what is happening with the price of BTC currently. Mid to end October is when that spring tension is going to be released.
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Someone sent this to me some time back. I will repost because it is important and to show you that Bitcoin is NOT "Money out of thin air" at all! Read it and understand it and educate yourself. Do you know what "hard money" is?
Hard money is a good that serves as money and cannot produced easily in big quantities. First, money has three functions:
1. Medium of Exchange
2. Store of Value
3. Unit of Account
To achieve the first it must be salable across time and space and it must be accepted.
For the second point it must hold its value for a extended period of time.
And for the third it must be divisible.
Fiat-money has 1. and 3. but lacks the Store-of-Value aspect.
Why?
Because fiat-currencies have a low Stock-to-Flow ratio.
Let me explain this ratio...
"stock" is the ammount of the monetary good that is already in circulation and it involves the whole amount that ever was produced.
"flow" refers to new units of this good that are or will be produced.
So, if a good has a low stock-to-flow ratio it means that new units of this monetary good can be produced easily and if a monetary good has a high stock-to-flow ratio - it means that new units can't be produced easily. The higher the stock-to-flow ratio the higher the quality of a Store-of-Value, the "harder" the money.
For example, in ancient times Seashells were used as money, the rarer they were the more valuable. Because of the high stock-to-flow ratio. Now industrialisation began and with modern Boots and steam engines and what not the seashells could be pulled out of the ocean in far more easily and in large quantities. The stock-to-flow ratio sunk and with it the use of Seashells as money. Seashells were superseded with something that was hard to produce. Monetary medals set in and Gold established its status as the leader, because it was indestructible and the rarest.
For centuries, every government currency was backed by Gold, this was turned over to finance World War 1, but that is another story.
Till this day, central Banks keep large reserves of Gold, because they know what they don't admit: hard money is far more valuable than "easy money".
Gold has a very high stock-to flow ratio because it is hard to produce. And it doesn't matter how much Gold they pull out of the earthcrust in one year it cannot rise by more than 2.6% on the flow side. Because there is so much Gold circulating around the globe, it was used as SoV for hundreds of years.
Now Bitcoin comes into play, BTC is the hardest money that was ever invented since the first ape turned to man (or however the evolution happened). It has a fixed supply (as opposed to Gold) and its flow-ratio halves every 4 years. That is the best Store-of-Value currency that exists and its stock-to-flow ratio is as high as it gets. Plus it is easy to transport, can't be seized by governments if stored properly and can be transferred far more easier than Gold.
Don't let anyone fool you by saying "BTC has no intrinsic value", it has. And now you know why.
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The banking overlords hate BTC, so they are doing everything in their power to lock it all up. You cannot kill an idea, you cannot kill something that is decentralized.
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More likely, it's precisely because they do understand the benefits that they declare it illegal. Control over the money is control over the populace. Anywhere that has declared Bitcoin illegal clearly has no interest in freedom for its people. More marketing won't change that, sadly.
This. The financial institutions will do everything in their power to prevent people from buying BTC. They make money by debt interest, transaction fees etc. They keep the population in check using a debt based financial system. Think about it, you go through school, go to college, then spend the rest of your life working and paying off debt. If you're lucky, you invent something that will change the world, and can retire at the age of 20 something. Then you are free, free to do what you want, free to travel the world, you're not shackled by a broken financial system that turns us into zombies. The banking overlords hate BTC, so they are doing everything in their power to lock it all up. You cannot kill an idea, you cannot kill something that is decentralized. |
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Good news indeed. The more people start accepting BTC and other Crypto payments, the easier mass adoption would become. Eventually banks would only exist to convert Crypto > Fiat to pay your monthly bills.
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That's pretty cool, dirty trick but pretty cool. Hopefully this will get the dumb money interested in BTC so the price can rally  |
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I get this weird issue -  Windows 7 64 Bit ,have tried 388.71 / 398.36 / 399.07 / 399.24 drivers. Have disabled AV. Have tried Cuda 9.1 and 9.2 versions If anyone has a similar issue, the way I fixed this was by putting the settings into the config.json file, and running the .exe on it's own without using a .bat file. For some reason running the .bat file for what I was mining just refused to work. |
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I get this weird issue - Windows 7 64 Bit ,have tried 388.71 / 398.36 / 399.07 / 399.24 drivers. Have disabled AV. Have tried Cuda 9.1 and 9.2 versions |
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That's pretty impressive. More adoption means more uptake means higher price  |
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This is very interesting. One would hope that this doesn't impact the price even further in a negative way.
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Definitely yes. However, always make sure you have a safety net i.e. stop loss in place. I would buy at $200, SL at $180 in case it drops even further..
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Don't listen to the media and all the noise that they bring. Ignore it completely. Only look at the charts, as the charts are fact and cannot be changed. Right now we are in a descending triangle, and it could either "moon" or "crater" around the end of this month. Prepare for either eventuality.
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Bitcoin will be Bitcoin, it will do whatever it wants, regardless of what the SEC decides to do or not to do.
"Dread It. Run From It. Destiny Still Arrives. " - Thanos
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Only invest what you can lose.
Always pay attention to Bitcoin.
Never put all your eggs in one basket. Diversify.
Don’t be greedy.
Don’t invest blindy.
Don’t FOMO.
Categorize your investments and look at the long picture.
Always learn from your mistakes.
If you are doing any active trading, set stop losses.
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Simply a short squeeze. All those shorters are buying back their positions before losing out any further.
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The calculated rewards vs actual rewards are vastly different on official pool  |
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People were hoping the ETF would trigger another bull run, which hasn't obviously occurred. However, in due time, the halving of BTC in the future will create more scarcity of BTC, which would lead to price increases. Not now, but perhaps by 2023, we could see a $160 000 ATH. Someone posted the graph which could be a valid theory on the price of BTC for the future. I do not take credit for this, don't know who the original creator is.  |
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Dead. Just another useless altcoin. Anyone can fork a coin, call it Bitcoin XYZ bla bla. Bitcoin is Bitcoin, there will ever only be one.
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Done
