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Stellar is really a phenomenom. So many people are talking about it suddenly. Really scary!
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Bitcoin is going down also.
If all alt coins are denominated in bitcoin, shouldn't this be considered normal?
No, because the coins go down by a factor of 10! |
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I've been working on a variety of price-weighted and cap-weighted index concepts for alts...indexes that do NOT include BTC, which has lately been 93% of the total market cap (though now more like 94.5%).
It just doesn't make sense to me that one can't compare one's alt portfolio with some kind of benchmarks, and if the 2-3 indexes out there have BTC (they do), that comprises the vast majority of index movement. If I can't find an an index, I'll use my own for market direction and portfolio management.
For what it's worth, I have six different index concepts I've been toying with and they are all down 20-30% since last Monday morning. Selection is based on combined cap and volume figures. I've been re-balancing every two weeks, but considering changing that to every week. The one with the least number of coins has 31 coins that are not BTC, and, in that one, no LTC, either. Probably saved that one from oblivion!
Is it consistent with the ~30000 BTC being drained from then for Ethereum, StorJ, Stellar and Syscoin? |
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Want some more good karma and feedback? 1MmmBMVbRrpfvoN6tCK1xK1a61bPgTsNxE Thank you!!!!!!  |
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Well it does seem like there's finally some action. Unfortunately the price is going the wrong way and I don't see any news about why. Alt coin holders are saying their coins are dropping more though.
Alts are flat out getting pummeled. Of course, there isn't any kind of agreed-upon index, but based on some concepts I've been messing around with, if you subtract out BTC and LTC, the rest of the alt market is down 20-30% over the last week. Right now, TOTAL crypto market cap is 7.905 billion. BTC and LTC make up more than $7.6 billion. EVERYTHING else combined...hundreds of alts, don't combine to make $300mm in cap. That is partly due to 3 big IPOs running atm. Ethereum, StorJ and Syscoin. |
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5200 satoshis to change an order and 5200 satoshis to place an order. That might be much for a 1$ transaction. But many brokers have a flatfee for fullfilled orders : ~5 USD! Also if you want to sell 1 Million NXT on the NXT AE you still only pay 1 NXT  That is the lowest fee ever! |
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As people that rent those devices think they can target coins that have a higher return than they pay, they will overpay for it. So as a machine holder, it would be better to rent out. Still doesn't guarantee a positive ROI overall for your investment.
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I do both, what option should I choose?
It is a stupid question anyway. You can do both, can't you?
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Think I've seen Mrs. Doubtfire at least 30 times. One of my all time favorite comedies as a kid. First Philip Seymour Hoffman and now Robin Williams. Sad shit  Yes! When I first read the news, I hoped so hard that it was one of those fake news that go around from time to time! Sadly not  |
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While btc may fall quite a bit more, It wont go down too far because there are too many people waiting in the wings to snap up cheap coins. So, if it gets below 500, Ill be buying all the way down to zero..
come on, don't lie, you won't buy at $500 just like you didn't do it at $1200 $1100 $1000 $900 $800 $600, no one will join crashing market I actually sold close to the ATH (didn't make it, but came close) then i repurchased those same coins for about 400 a few months later... So, i think im doing a pretty good job.. I really dont care what bitcoin is short term, iim more interested in long term. So, ill let you know where I stand in about 10 years.. meaning, Ill let you know how much I made or lost, lol... If you don't mind me asking. What made you sell at >1000$ in the first place if you don't care for shortterm prices? |
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for all I know cex.io can run 300ph at 2 cents a watt and the hashing gear is built . along with the power plants. they just add 20 or 30 ph when they think it is proper.
that bolded thought it what keeps me going. the best case for the little guy is that above sentence is true and the 3 or 4 biggest companies are doing just that. If so they
want this to last and will not fuck it up. only time will tell.
Besides mining is more fun then looking up a btc address and a coinbase price.
No one is sitting on 100s of PHs of mining equipment and waiting to deploy them, lol. They push them out onto the network as fast as they can build them. And they're not waiting before the next difficulty adjustment to do so. That makes absolutely no sense. That's exactly the same as a home miner with 2 new S3s. "Hmm, I think I'll wait 6 days before running my new S3s. I don't want to add to the difficulty until the next adjustment." That just doesn't happen. ### That is like saying: Hey we can print money, but lets wait until we can print less of it. |
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This summer has been great i literally have been living off of BTC. I'm a program coordinator i work for public schools so we dont work ini the summer. I was able to buy food buy clothes and just today get limited liability insurance without working this summer lol. Course i had to trade them for usd but i cant wait for the day where we pay everything with BTC. I never would've thought in a million years lol
So you are saying that you didn't really live off bitcoins? If you need to sell them first, what good are they at spending? I don't think we are quite at the point yet when someone can actually live on bitcoin without first converting it to fiat first (or gift cards as this is really the same thing). The forbes reporter was able to have a much easier time living off bitcoin this year then she did last year so the bitcoin based economy is improving. I would predict that someone could use bitcoin for all of his expenses including things like rent and doctors visits (both are very rare to be paid for in BTC now) over several months within 2 years. This depends on where you live. Some cities in california and a german city called Berlin, it is certainly possible.! |
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New Zealand, Australia, Brazil, Maledives.
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While a sudden 20ph spike is likely variance, the constant increase is just sick. People are really going mad for mining hardwaré.
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This summer has been great i literally have been living off of BTC. I'm a program coordinator i work for public schools so we dont work ini the summer. I was able to buy food buy clothes and just today get limited liability insurance without working this summer lol. Course i had to trade them for usd but i cant wait for the day where we pay everything with BTC. I never would've thought in a million years lol
So you are saying that you didn't really live off bitcoins? If you need to sell them first, what good are they at spending? |
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Someone posted the number 177. Not sure if it is true though.
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Can't wait to reach it. But next up is hero Only 1 year to go though!!! |
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RIP buddy.
O'captain, my captain.
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Those firms build a huge userbase. That in itself is incredible valuable. Wouldn't wonder if a company like BTCchina is sold for >100 mlillion USD and the buyer introduces fees longterm.
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I think most people wonder so much about the price is because they expected immediate profits. Now when markets go sideways they feel they underperform.
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