Depends on where you entered and how long you think you can hold your Bitcoin.
If you bought it around $15,000 or $16,000 I actually think $23,000 or $24,000 is a very good price to take profit. Bitfoin can rise more to $28,000 or even to $30,000 but it is a kind of greedy gambling.
He said £15k , so that's $18k, plus he said he sold earlier so high chance he did it lower than 24k. Out of pure curiosity, I ran two DCA calculators from June last year and they both show a profit of ~20%, https://www.dca-cc.com/dca/bitcoin?investment=10&investmentInterval=7&dateFrom=2022-06-20&dateTo=2023-02-01&duration=591¤cy=usdhttps://cryptohead.io/dca-crypto-calculator/?crypto=bitcoin&fiat=USD&qty=7&frequency=weekly&start=2022-06-20&finish=2023-01-27so, it's not like wanting a bit more could be called greed around here, 20% gain is nothing compared to the targets others have around here. Still, OP is talking about wanting 20x and he cashed out at 1.2x, this is a bit weird. For many people, DCA is something unattainable... simply the costs (weekly/monthly) are greater than the (weekly/monthly) income. It has always been and always will be, the ones who have the means to save can do it in many different ways (one of them is investing in risky ventures), and the ones who don't will be trapped in the "magical circle of poverty".
I don't understand how somebody who does DCA on Bitcoin can end trap in a circle of poverty unless you hint at the price going to zero. DCA is simply making a target of the amount you're able to invest each day or week and do exactly that, not exceeding your means by anything, that's FOMO, once you can't afford DCA anymore you quit investing, I don't think anyone is stupid enough to do this kind of long term investing with borrowed money! |
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It won't matter anymore when the next Bitcoin halving is here, that 6BTC per block will be reduced and a 110TH will have only 1% chance of solving a block compare to when it was 2%, the difficulty will rise more and the block will bring only 3BTC.
When the halving will happen only one thing is for sure, the reward will drop from 6.25 to 3.125. Nobody knows what the difficulty will be and how it will react, but normally you would expect the difficulty to actually drop since there is less reward in mining, the revue drops also by half so some miners won't be that happy to mine anymore if instead of 10$ revenue with 6$ costs, you have 5$ revenue with $6 costs. It will depend a lot on what the prices are at that time and if even halving the profit margins would be enough to keep miners running. But! for sure it won't mean the difficulty will double overnight! As for the other free electricity issue, I knew I saw OP on another topic, so this is the "free" electricity some of you were curious about @Charles-Tim 50% of my electricity fee per day is free because I have solar panels installed, mining from 9am to 6pm is 100 percent guaranteed, the rest will be on grid power.
I have good power bank too but with the power consumption of an s19 pro the bank up will only last me up to 4 hours.
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Brazil president Jair Bolsonaro signed a bill to create crypto payment regulations. Jair Bolsonaro made no modifications to the bill that was approved by the congress before signing it into law on (thursday December 22),
Hmm, this one is a surprise and a pleasant one. I wouldn't have expected that in the last days of his mandate, especially with all the tantrum that was around those elections, the protests, Bolsonaro himself leaving the country at the end of the month, he would still care about that bill and get it signed. Lula never said anything else but the need of regulations about crypto, is the guy pro/anti or just simply neutral? With him on a charge to change everything Bolsonaro has done, I hope he will leave this alone as it's not hurting anybody! Just drop that stupid plan of a made-up common currency that has no future and use bitcoin! |
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 Thankfully IMGBB is back up, they were down earlier! Ok, your move admins. Is this me or not? My argument is that this image is not possible unless the owner of SeeBiscuit1@proton.me made it. No, it can be made by anyone who would be able to use paint and the image posted here: Here's a sketch I made using PowerPoint:  Same hour and date, same battery life, same tabs....  You can't call me incoherent if I'm going to be responsible for onboarding many new bitcoin investors onto this forum.
Let's start with the easy things first, secure your account, learn to use a password manager, and how to sign a message! Investors, later on! |
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There’s no NSFW topics here and also the forum rules structure is tailored for well mannered discussion.
If you are so cautious, You can setup the kid account that will ignored all the boards that you he shouldn’t be reading
I don't know what good that would do, restrict him from the gambling area, the goods and HYIP area, the P&S area, the double bottom observer, micro earnings, isn't it better to simply do the teaching yourself? 99% better to learn here than him watching videos of "inluencers" or "experts" on various social media channels. Those crypto shilling and hype disguised as "contents" will reach him faster than you would expect so let him know about this forum. The sooner..the better.
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Keep up with the times. Most teenagers spend more time playing games on their mobile or PC than going out camping.
And at the same time, 99% of them would definitely want that knowledge in audio-video format, so just as you think they have stopped the campaign and are more interested in books they would definitely be interested in ways that involve less effort to do something. It would be nice of course to see that happening but I wouldn't keep my expectations too high. Anyhow, the opinions here probably depend on the fact that the users have kids or not, and if they are older or smaller, I think that since mine is still small I'm acting on this more protectively than if I would had done with an already grown 20 yo kid. |
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They have already shown interest in Bitcoin as they would like to mine it using the green energy which BTW, they have in abundance and another reason is that the population in Tonga is not that big for large energy consumption. They are interested in training and providing Bitcoin mining equipment to every resident in their country where the population is just 106,858. Browse the project a little! Output 2: Grid-connected renewable energy generation on ‘Eua and Vava’u islands
– Installing the on-grid solar PV plants with total capacity of 650 kW
Output 3: Renewable-based hybrid systems and mini-grids on outer-Islands -
Installing mini-grid renewable-based hybrid systems consisting of 501 kW solar PV They are installing 1.15 MW of solar panels with a 19.9 MWh and 4.3 MWh BESS system, so, if you think there would be any meaningful mining done at a large scale with that you're definitely mistaken! Tonga is trying to achieve with all that a 50% green energy and you think they will use it to mine bitcoin? Ps, I don't know who wrote that article from Cointelegraph, but a guy that can't differentiate MW from MWh probably shouldn't write about energy and electricity. We all know that El Salvador and the Central African Republic (CAR) have already adopted Bitcoin as a legal tender. Out of these two El Salvador has shown significant improvement in their economy. They recently shared with the world that they have paid back $800m sovereign debt.
Cross post from the Salvador topic: The magical payment was made by just taking a loan from a different bank! But, those are tiny details, it doesn't really matter, right?  |
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Aren't the ones outside this forum the most hopeful, or copeful? I mean, they aren't doing a thing, they trust their leaders, and they have no backup plan if anything happens so they sure have more hope everything would be fine even without acting! To me, it seems more like we're the ones not hoping for a miracle and actively building a backup solution. Bitcoin isn't growing or developing based on just hope, people aren't basically buying Bitcoin's because they hope it doesn't collapse like most altcoins have done, or fade until zero and go extinct.
Yeah, the tiny details, BTC is growing because more people are buying and sending more cash to exchanges, without that amount of money there would not be any of that kind of "growth" the majority expects. We could still have usage, and we could still have tons of people using it to buy stuff all over the world but the green candles would be a thing of the past. And more importantly, you need money to make money, hope isn't really generating any, doesn't sound nice but it is what it is. |
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Just a quick note that a black swan event is an occurrence that will come out as an surprise. Literally the main point of a black swan event is that people aren't expecting it and you're asking if we should expect one?
That's the funny part! Why is nobody expecting a surprise that would catch them off guard? Guys, please be off guard as I surprise you!!! What happened from a temporary decline in march 2020 cannot be compared to what is happening now, because the price down from about $8000 to $3,867, which is less than 200 week-avg
Nope, it's not like the price would care about some 50-200 or 1000 moving averages of any kind! I've seen so many myths busted about the price not going below something the last year that I'm pretty sure that line is just asking to be crossed more times than you scratch a lottery ticket. So many myths have been busted in the last year looking at any TA is like reading an alchemy book. All we expect is to continue with these prices unless a major event such as: - Third world war.
- nuclear strike.
- Binance bankruptcy
And yet, the crash happened without any of those happening, so what is preventing another? |
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People would need an extra device and most of them just have a smartphone. Not necessarily, you can have a paper wallet, you can have a real cold wallet, and you can secure your private key in a hundred different ways, there are a lot of ideas on this forum alone, like: Securing Your Seed Phrase with WashersI'm sorry but I have to agree with the rest, you're not teaching them to buy and use bitcoins, you're teaching them how to trade stocks on an app, might as well just buy some government bonds and that's it. The whole thing of being independent and gaining that is erased since they will simply get addicted to the easiness of controlling their finances from an app like Binance and just be happy they see some great numbers. If they enjoy the experience, they should adopt extra safety measures for larger invested funds.
As I said, it's more about the gains, not bitcoin, right? To enjoy the bitcoin experience they would have to first deal with bitcoin! If the sum is already small like 1$-10$ and they wouldn't care about it anyhow, why don't they run their own wallet on that smartphone, learn how to make a transaction, learn how to receive some, about fees, memory pool, confirmations, not about 50x leverage on shiba inu! |
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We are talking about heating an entire house not a 8 by 8 room
An s19xp would be even better. You could also resell it 3 years down the line
It doesn't matter, what's prohibitive for just seasonal heating is the initial cost. When you can buy as the OP said for in his situation 2x1300w for $300 versus a low mode $2000 S19 for 2400W, the second one must produce from the start $1600 on top of what the S9 mine in the limited amount of time you're using that miner, as I don't think you are going to mine in summer even if you're away! Since the power cost is the same be it an S9 a S19 or a simple heater as they would have nearly the same power draw and same heat release all you have to do is to do the math for the income generated versus the extra acquisition cost. So tell me what time will an S19 in low power beat the two S9? Remember this is a thing about heating your house with minimal cost, not making profits and turn into a 24/7 mining operation! |
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It could be set to run full hash while you are away from the house quite easily and 10% or less capacity while at home. Bitmain is already considering low power options for home miners!
Still, it doesn't make sense from an economic point of view if you want to save money on heating bills. Let's assume 5 cents per kwh and a run time of 12 hours with 4 months of heating and that revenue won't change in 5 years. The s19 will earn you 3.5$ a day, and consume 2$ of electricity, so a total gain of $1.5 a day, $180 in profit a year of heating, $900 over 5 years, minus $2000 the miner, that's loss of $-1100. The normal Walmart heater will obviously just burn electricity, making it $240 a month, $1200 over the 5 years period, plus the cost of the heater 100$ , which would make it more costly by $200 in 5 years versus the miner. Assume now that the income will not change, the miner will not fail, you do need 12 hours of 3kw every day for 4 months at least. |
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Great! thanks Crypto! keep on going this way!!
Crypto worked perfectly! transaction is confirmed in the LTC Blockchain. What failed, in this case, is a centralized exchange that provides no support, it's like blaming Ford because your mechanic forgot to tighten your wheel nuts and you ended up in a ditch. Anyhow you have a contact support option in the menu once you log in, or at least it was there the last time I used Binance. |
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whats to stop someone from running a s19 at 1% fan speed with a heavy underclock? it would be much more efficient compared to an older s9 when ran at 300W or something
Because an underclock S19 would still do 2300W which would release more heat than an S9 mining at full power, thus the fans are needed. It's one thing to disperse 600W in a cold environment a different thing for 2000W. And if you plan to strip it down to reduce consumption, why even do it, you're just throwing away money at a really expensive heater unlike what OP is doing. the problem is, you can't currently slow down an S19 miner... I do not know any firmware / software with which it is possible and it must first create the ROI and make a profit like an old S9 There is: https://bitcointalk.org/index.php?topic=5428227.msg61466927#msg61466927 |
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But why bother investing in bitcoin mining stocks if you can just directly buy bitcoin itself? I mean you can't be sure if a mining company can sustain their business unless they have access to a cheaper electricity cost and cutting edge ASIC miners in which majority of them relies on these factors.
Pretty simple reasoning, a bitcoin miner can make a profit even if the price stays flat or it goes down, while you holding coins you can't unless it goes up. Same with stocks, you can make money while the price is going down, and even gain comparable to the bitcoin price in some intervals. For example, MARA was 2$ in October 2020, it's $8 now. Bitcoin was ~$11 000 at that time it's ~24 000 now. It also peaked at $75 so with the same timing you would have experienced better returns than just buying and selling BTCI saw a thread on here recently about marathon, I don't know if they're directly invested in mining but they seem to be at the top of my Google results.
They are, they have around 7 Exa with around 12 Exa waiting for being put online by the end of Q1, so around 4-5% of the global hashrate. LE, fixed the wrong quote, damn tabs! |
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I don't know how in the hell they gain users attention with such faces
People that are curious who the idiot is or doctors that realize the guy suffers from some rare disease and watch his video to see if they should notify him to get a medical check-up. Also thumbs down for the second guy in the picture, that face is so cringy I need to have the memory of every seeing erased asap. As far as I call tell from the replies, people hate "crypto advisors", and that's good. I do too. They're idiots, no-lifers, and reproduce the same shitty script again and again; they're like astrologists, but for money. But, who's their audience? They are the ones who're worthy of embarrassment.
Before the pandemic, we actually had a Flat Earth "conference" in the capital and some 75-100 guys paid 20 euros to attend! Millions buy books on how to win the lottery, there are 1 billion users on youtube and definitely, some are not the brightest but greedy and it's easy to fall captive to a get rich quick strategy, not to mention the one that lost on the previous advice and now on a copium run are eager to reverse the trend since the guy must be right at least once, right? And speaking of that, bitcoiners who post only meme coins on Lambos and how they will own castles 10 years from now while plebs work in the sewer are not helping the situation either. |
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I think Switzerland has been going cashless more many years now, and with the advent of bitcoin it makes sense that they will also be spearheading in in Europe. And their government is politically libertarian, so there should be no surprises as well as how they adopted bitcoin as compare to the other nations out there.
Switzerland is nothing special when it comes to a cashless society it has the same number as other European nations far behind the nordic counties. https://www.reuters.com/business/finance/cash-loses-its-shine-pandemic-still-king-switzerland-2021-06-23/Now a third of payments are made via debit cards, up from 22% four years ago, while credit cards are also becoming increasingly popular. Both are benefiting from the rising use of contactless payments. Some 70% of the population keeps cash at home or in a safety deposit box, with most (77%) holding up to 1,000 francs to deal with unforeseen expenses or as a long-term store of value. It's not like Germany but neither like Sweden. Bitcoin's adoption is like a disease that spreads quickly and if there will be some bodies(authorities) to stop it, they barely make it.
Bruh!!!! For god's sake find another analogy, making it look like cancer is not that far away from Warren's rat poison!  OMG, just no! |
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Maybe not in our life times but it will eventually happen. You lost the audience with this one! Bitcoiners do plan long-term of course, but there is a line when you stop planning, that's why I really don't care what happens when the last satoshi is mined nor am I afraid of hearing that the sun will die out in 6 billion years instead of 8 as it was previously estimated. Joking aside, what I was trying to point out is that a lot of the new crypto users generation are still heavily relying on banks, they are treating coins more like investments and are using banks as middlemen, not even counting the more and more active role CEX are playing in this entire thing. So rather than actually getting rid of banks I am actually worried we're down a far more dangerous path where we're just exchanging the currency while exchanging banks for other centralized entities that still have control over the finances of the masses. You should always invest at your own risk and take care of your own funds. If you can't, then crypto currencies aren't for you. You should stick to banks and institutes that will have full control over your assets and funds while in return insuring everything.
The usual problem and I guess this might be a reason why as stated above we won't see that change in our lifetime. We need to be realistic about the capacity of the majority of the population and their abilities, if you can't have everyone deal with cryptos, then obviously the fiat system will still be in place for a very long time. |
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Memory pool: Piscina memoriae
Guys, please! Don't use google translate for this as it leads to really silly things. In this case, it has been translated as pool as a pond or a lake, making it into piscina, where the actual meaning derives from the verb to pool, pooling, as in combining or merging. So the actual latin word would be coniungo. What google has said would sound to a latin speaker more like a smart jacuzzi than a mining pool! |
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3. Don't keep your crypto on an exchange, even if you are a daily trader you won't see any danger coming so always take out your profit and leave behind that little amount for trading, use 2FA authentication on your wallets and exchnages.
It's impossible for active daily traders to do so. If you're and active trader and you do tens or even hundreds of trades a day, if your strategy is scalp trading the return is in small percentages, you could be making $10 for the $1000, withdrawing the profit daily isn't minimizing the risk at all, it wold be just peanuts that are being eaten away by fees. I know everyone is saying that you shouldn't keep your funds on an exchange, it's normal, coins or even $ you should not store them on a CEX, but active traders simply can't do this, it's a risk you have to assume if you want to make money this way. |
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<...>
If this is widespread and still feasible (i.e. no way to patch it) is something I don’t really know, though if there is no way to patch it, likely it's still a thing. I think that standalone clipboard hijackers for Android are not that spread because you need to go the same way of infecting and getting permissions as a normal private key malware, so it makes little sense to have just a clipboard hijacker installed when you can have a wallet drainer, even for the one mentioned in that article the main attack was the stealing of keys. After all, if you want to steal something you want to go for the jackpot with the least traces possible, so probably that's why everyone is focused on other types of malware. Also, rather than clipboard hijackers one should watch out for QR code malware, scammers have understood that for some users it's a pain in the ass to copy-paste addresses so they release a lot of those apps that "help" you with these on playstore. https://www.bitdefender.com/blog/hotforsecurity/bitcoin-thieves-use-malicious-qr-code-readers-to-steal-45000-this-month/ |
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