God damn it. Please let me know when to go 80x.
Edit: Wait, does this forum mark edited posts?
Of course. Give me five years and I'll get back to you. My great ponderings take time.
|
|
|
Goes to show miners are just as dim as traders.
They bid the shit out of machines all at once, price themselves out of mining with more difficulty changes, offload at a loss and then buy again at the next jump.
As for China's mining 'ban', I hope it's true and I hope it happens. China is a tumour and always has been.
|
|
|
I read about it on an anarchistic forum in 2009. The person writing about it said it was going to transform the world and set people free. I'm not sure it actually had a monetary value at that point. I think I briefly perused the white paper and then forgot about it for several more years.
|
|
|
Given the seemingly endless list of shady activities that Bitfinex and Tether seem happy to engage in, how can you be sure they haven't done what I've just described?
The thing with Tether is that we're never really going to know anything. I can certainly believe it's been fully backed at certain points, but that doesn't mean they didn't leave gaping holes in the past that were subsequently refilled. This present situation could be just another example.
|
|
|
Just following the absurdity..... and making a point to go along with said absurdity.
....and be careful about misrepresentation. You give a site for reference with ABSURD FOR SALE prices.... not SOLD prices. I can put my car for sale for 1M USD.... doesn’t mean it’s worth that.
That's what we're here to find out. I wouldn't have the slightest clue how to value this and I doubt anyone other than the eventual buyer does either, and even they probably don't know what they're willing to part with until they do. He kicked off at a level that didn't ignite. Time for a different one.
|
|
|
Coinbase now has faster payments in the UK since the last few months. You need to transfer it to Coinbase Pro to get lower fees for buying and selling.
I think there are a few more obscure UK based places that have faster payments too but Coinbase should be all you need.
|
|
|
Why only those that have passed away in the last 18 months? There's a lot to be learnt from the older ones and in the last 18 months most reasons will be boring ones like going broke.
It may be a herculean task but you only have to do it once and it could become a useful resource. The most memorable ones are the long gone ones.
|
|
|
So presumably several million S10s have been sold now. Not one person here has mentioned using it. There are virtually no articles about it. Looks like it's been a monster nothingburger. Being non BTC and possibly Korea only won't help of course. I still can't figure out whether it's been made unavailable to certain markets or not. All in all a damp squib.
|
|
|
that's the key right there. all the "legit" companies like gemini, paxos, coinbase......they're making it hellish to use their services with their meddling and account freezing. good luck moving millions of dollars through them. you'll probably end up on a fucking FBI watchlist. say what you will about tether, but they don't screw people like these companies do. that naturally leads to a situation where tether has better market liquidity.
Either through wisdom or ignorance, Tether have kept use and redemption separated. That's a very clever move and probably the key to their ongoing appeal. I can't see any of the alternatives being willing or able to go down that road.
|
|
|
https://www.bitwage.com/for-individuals/ is the obvious choice but I don't know exactly how they work. Anyone who offers it is going to be by the book as much as possible so I'd let go of the idea of being safely ensconced from The Man. Have you checked whether Google will send to third party accounts? They may have a rule against that.
|
|
|
I know I will regret if the price never drops 😛
I have a price level to hit. If it reaches it I will sell half without blinking no matter what the market is looking like and it'll be permanently removed and put into sound alternatives like ostrich farms and leasing hotel rooms in dying post-industrial cities. If I had any doubts it would clearly not be the correct price level. Annoyingly it got not too far off that during the last bubble, which I never expected, but not quite enough and I didn't trust any of the services to sell it by that point. Once that's out the way it's all pure gravy from then on.
|
|
|
Yes, I get it 😉 I will be happy with $30k+ 🙂
If another explosion is to happen it absolutely sure as shit will not stop anywhere as low as that. There would still be a lot of headroom at that price. All the same I'd rather sell what I wanted to sell in a timely manner for less on the way down rather than slamming the sell button on a dying exchange at the peak.
|
|
|
By this point I expected USDT alternatives to have a much stronger position. I guess the reason that is not the case is because the issuers are so uptight that many would prefer Tether's non shit giving, though of course that changes if you attempt to turn it into real dollars. I supposed much of that is because they theoretically guarantee real dollars without fail whereas Tether is largely a mystery. But when you read tales of people being denied conversions because it makes their market cap look bad it combines the worst aspects of crypto and fiat all in the hands of one very twitchy entity. https://www.coindesk.com/winklevoss-crypto-gemini-gusd-stablecoin-redemptionTether gives you access to many, many more markets plus the Kraken USD/USDT market so you may never have to deal with Tether the company. That's not the case with the others.
|
|
|
I think we’ll see the peak of this cycle in mid to late 2021. I’m thinking something near $100,000 per coin is possible.
Disclaimer - I’m a fucking moron who got lucky with bitcoin. Don’t listen to my predictions, I’m a total charlatan.
My only hope is that if it does reach that level it's not off the back of something so stupid again. Good, honest interest in BTC will be more than sufficient for me. Even then I'd rather there wasn't this explosive cycle, but that's the only way it's going to roll until it's considerably more entrenched.
|
|
|
The drop from $19,xxx to $3,200 was a lot worse for me though personally to witness because that was watching ACTUAL serious life changing money slip through my fingers.
Interesting. I didn't feel that way at all. The bubble was so fucking silly that I was deeply unshocked that the collapse happened. I knew it needed to shake the ICO shit off and it certainly did that with gusto. I really, really, really did not expect the extent of 2014/15. That was the one that sucked bum for me, but I didn't go anywhere all the same. When I made my much-lauded entrance into this space in 2013 my target year was always 2020. Then I realised it was the year after that might be arousing so it's 2021 now. Anything before then I was fully prepared for whatever fluffing or ravaging was coming my way.
|
|
|
That boggles my mind too. There is a huge chance for this rally to fall apart without even reaching $7k. But on the other hand GoX bubble wasn't organic neither yet btc still mooned.
What if This finex thing sends BTC to $50k? All those printed tethers and people are using BTC to get out of it... Sounds a lot like GoX era to me.
Edit: Don't get me wrong, I would be happy as fuck if it reaches $50k while I hold 6-7 coins.
I definitely do not expect this movement to be anything other than ultimate noise. If it did kick off a legit bubble that would be rather dispiriting indeed. I'll take it, but I'd also be running away from it.
|
|
|
I'll probably never be able to reach my double-digit target unless I go full FOMO from now on. Just like JJG said, It'd be gambling if I buy big pieces at this point while we are making higher highs constanly. I Had like $1500-1600 to spend on btc this month. Spent half of it, kept the rest.
Even if it goes to zero tomorrow, the excitement I had over the years was worth every penny I spent on btc.
If it were me I wouldn't go bonkers on the basis of a rally based on an exchange boning itself up the botty, but no one should be listening to me.
|
|
|
OMG, just checked the price. $5,700, we really are starting to move now aren’t we. Can I write the obituaries for all the people who thought the bottom wasn’t yet in & were hoping to buy in the $3,000 range?
It's not a rally based on the healthiest of premises. It might not be happening at all were it not for the bfx exodus. I'll wait a few days before my floppy willy twitches.
|
|
|
Their cold wallet is going to get tapped with ever more intensity too.
|
|
|
|