 Show Posts
|
|
Pages: « 1 [2] 3 4 5 »
|
Notlambchop is too ashamed to ever show her face again. She wasted two years of her life and had opportunities like few other.
Theymos's April fool's day joke has given Notlambchop ridiculously high politeness and virtue scores. They should be negative numbers for Notlambchop.  |
|
|
|
The Theymos estimate was "couldn't be stable at more than like $5k max" I think he said.
No theymos said $6k- is solid, and $6k-$10k is semi-solid. He thinks $6k is about as low as it can go, and that fluctusting between $6k-$10k is probable. I've been feeling that the price jump has been built on FOMO speculation for a while now. I think that the real, solid base is around $6k (roughly following the longer-term linear trend), but I expect speculators to stabilize it if it reaches $10k, at the very least, and then those prices might or might not stabilize.
So IMO $6k and below is "solid", $6k-$10k is semi-solid, and everything above $10k is a house of cards. No idea what'll actually happen in the next few days, though; it's pure speculative madness. In the next hour, I wouldn't be surprised to see a drop to $10k or an increase to $16k.
|
|
|
|
Merited by RayX12 (12), LFC_Bitcoin (5), suchmoon (3), fragout (2), Wekkel (1), cAPSLOCK (1), xhomerx10 (1), ssmc2 (1), doc12 (1), Dunkelheit667 (1), BobLawblaw (1), Last of the V8s (1), Arriemoller (1), bitserve (1), HairyMaclairy (1), vroom (1), mfort312 (1), Phil_S (1), SidETH (1), cofefeGandalf (1), dakiller (1), Colonel Panic (1) 22 lambos so far. the "cheapest" ones start selling for about €160k. That makes €3.5 mil.  You can get them cheaper than €160k. These will only set you back €5 each.     |
|
|
|
WTF is that shit?? lol
Car history and a great V12 (Countach) engine. Just because you can. But the tires of this baby aren’t cheap and don’t start about fuel consumption  But... but... what about aesthetics? That thing is one of the ugliest cars ever. A Lambo should be pretty. And sporty. Not like that ridiculous fat box on wheels. SCAM! SCAM! I WANT MY MERIT BACK! :_( Lambos haven't been pretty since the sixties. C'on, the one I posted isn't pretty? whatever. eye of the beholder stuff. they're too brutalist and angular for me. Astons, Ferraris, Maseratis are mostly beautiful and quite fast. Lambos, Mclarens, new Bugattis are functional-looking and very fast... This lambo wasn't very fast, although it was functional-looking.  |
|
|
|
Nice looking ANN there, breezy.
I see you have planned a bug bounty later on, are there any plans to launch a bounty campaign here on Bitcointalk? Earlier than the bug bounty.
Ofc! We are planning to launch a bounty campaign on Btctalk too.  Will you be using an escrow to hold the premined coins for the bounties? |
|
|
|
WTF is that shit?? lol
Car history and a great V12 (Countach) engine. Just because you can. But the tires of this baby aren’t cheap and don’t start about fuel consumption But... but... what about aesthetics? That thing is one of the ugliest cars ever. A Lambo should be pretty. And sporty. Not like that ridiculous fat box on wheels. SCAM! SCAM! I WANT MY MERIT BACK! :_( A secondhand ridiculous fat box on wheels could be worth more than the one you want. A very special secondhand 1990 Lamborghini LM002 sold for $467,000 via RM Sotheby’s in New York. This cheaper secondhand white version is for sale at $399,950.  |
|
|
|
Bitcoin is unfolding like the dotcom crash — just 15 times fasterEdit: Amazon crashed from a high of over $100, to a low of about $10 in 2000. 18 years later, they hit $1,578. If we apply the same recovery gain percentage to the recent bitcoin low of ~$6,000, and assume 15x recovery speed, we'd hit ~$946,000 in Apr. 2019. This is all based on questionable math and a clickbait article, but still fun to think about. $946k per btc in about a year? if that comes true I will buy a lambo for everyone that merits this post. Looks fair to me. I'll take white, please. So you want a Lamborghini LM002 (1986) in white? The “Rambo Lambo” made it into the 50 worst cars of all time.  |
|
|
|
Bitcoin is unfolding like the dotcom crash — just 15 times fasterEdit: Amazon crashed from a high of over $100, to a low of about $10 in 2000. 18 years later, they hit $1,578. If we apply the same recovery gain percentage to the recent bitcoin low of ~$6,000, and assume 15x recovery speed, we'd hit ~$946,000 in Apr. 2019. This is all based on questionable math and a clickbait article, but still fun to think about. $946k per btc in about a year? if that comes true I will buy a lambo for everyone that merits this post.  Is offering a lambo for meriting your post begging for merit excessively?
Do not beg for merit excessively.
PS Do you mean a top of the range lambo, or one of the shit shaped ones that only cost half as much as the top of the range ones? |
|
|
|
This has been asked before and theymos even responded: I intend to ignore all stupidity coming out of the EUSSR.
He'll probably only act if legally forced to do so. OK, thanks for the quote. I suspected it might have already been discussed, but finding the discussion in the sea of merit threads was almost impossible. I'm locking the thread to prevent spam. |
|
|
|
Could bitcointalk get fines and lawsuits under new Euro privacy rules? Can a US based forum can get fines and lawsuits for breaking EU rules? The EU is introducing new privacy legislation called the General Data Protection Regulation (GDPR). It comes into force on May 25. As far as I understand it publishing contact data like name, address, e-mail address, telephone and fax number for members of the European public could result in fines and lawsuits. It's OK to publish it if the owner has given permission, otherwise it seems to be violating the new EU rules. I have occasionally seen such information published here. Could bitcointalk get fines and lawsuits for publishing it after May 25? There are fears that the Whois Domain database service "will effectively shut down in order to avoid fines and possible lawsuits under the new Euro rules". https://www.theregister.co.uk/2018/03/16/whois_gdpr_icann/Industry insiders fear that, without agreement, the Whois service, which publicly lists full contact details of domain-name registrants, will effectively shut down in order to avoid fines and possible lawsuits under the Euro rules.
That would leave law enforcement and intellectual property lawyers, among others, unable to access registrant details, and potentially give cybercriminals a larger window to carry out crimes. The solution adopted by the company that runs Austria's top-level domain is to only consider publishing a name, address, e-mail address, telephone and fax number for a company. Such information for members of the European public won't be published. The same day it became clear ICANN was not going to reach agreement, the company that runs Austria's top-level domain .at, NIC.at, announced it was making its own changes.
"Under the EU General Data Protection Regulation (GDPR), nic.at will only publish legal persons' data from mid-May 2018. Natural persons can still have their data published if they wish," the outfit stated.
"In future the data shown for domains owned by natural persons will only include the domain name, the registrar responsible and necessary technical information. If a company or organization owns the domain, the holder’s name and address will still be published, although contact data like e-mail address, telephone and fax number can be hidden upon request," it summarized. |
|
|
|
Well good afternoon Bitcoinland. Just got online after successful surgery Friday. I see I missed some excitement while I was away... big dip and big recovery... currently $8172USD/$10700CAD (Bitcoinaverage). It's pretty much back to where it was before I went in. Woke up and decided to fire up the laptop just in time to catch the end of the rally. I guess my bladder alarm still works. Nothing to do now but relax in the Mexican sun and convalesce until I get my sutures removed on Thursday. I can't fly for at least a couple more weeks but at least I can head out to the jungle later this week. I'm currently toothless with very fragile gums after bone grafts to my jaws. Needless to say, I'm on a totally liquid diet. Ever have pork tacos pureed in a blender? Delicious! Did anybody actually read Jimbos post ? Jimbo, i apologise in behalf of all these money orientated people here, they have nothing other than money in their brain. You heartless bunch. I find ice cream's easy to eat after having a tooth extraction, and it helps stop any bleeding by freezing wounds. Maybe it also works for bone grafts to the jaws. |
|
|
|
At current difficulty, mining 1 BTC costs around $3000-$4000 depending on electricity costs - not including capital outlay.
Again...they cost $4000 to mine and they can't make money selling them for $8000? which the fuck is it? It's $3000-$4000 in electricity to mine a bitcoin plus $4000 in equipment costs. The electricity plus mining equipment costs makes it about $8000 to mine a coin. At least that's what cointelegraph says. The mining equipment must be fucking expensive, and miners must need a hell of a lot of it judging by this mine.  |
|
|
|
Cointelegraph recently posted an article estimating that most miners are barely breaking even at $8000. There's other news outlets running articles with the same mining's no longer profitable theme.
wait just a minute The FUDsters have been in here claiming that BTC is going to fall to the cost of production, which they put around @1000. Just which the hell is it? At current difficulty, mining 1 BTC costs around $3000-$4000 depending on electricity costs - not including capital outlay. The cointelegraph article says replacing equipment costs more than half of the cost of production. https://cointelegraph.com/news/fundstrats-tom-lee-reports-bitcoin-mining-now-less-profitable-due-to-falling-btc-pricesThe model Fundstrat used for calculating the cost of mining one BTC includes the cost of equipment, overhead such as sustaining cooling apparatuses, and the cost of electricity, assumed to be 6 cents per kilowatt. The head of quantitative data science at Fundstrat, Sam Doctor, said that the cost of replacing equipment takes up more than half of the overall cost of mining. |
|
|
|
I also use coinmarketcap to know the coin price, it is just a benchmark and can not be used as a reference. The actual price is the price that is on Exchange.
Coinmarketcap is a huge reference and a huge tool for new tokens to be promoted in there, i do not see why we shouldn't use it. But the price is an average of all the exchanges in where X token/coin is listed on. it is not the real price. I use coinmarketcap, but double check the bitcoin price directly through bitstamp's API using this link. https://www.bitstamp.net/api/ticker/ |
|
|
|
In the spirit of all the on topic charts and sharing going on I have updated my bitcoin difficulty vs mining hardware return sheet with today's bitcoin network difficulty increase.
As predicted the 5% average is holding strong. However come Friday with the next wave of hardware being shipped I wonder if the increase network hit will once again ring true that at this price point USD/BTC its best to simply buy BTC instead of mining hardware. That is if profit is your motivation.
...thanks, I've been watching a similar but cruder indicator, it's basically the old days "mine or buy?" indicator. So far it's been good for medium to long term entry points on the secular bitcoin bull. It's really just a manifestation of the bitcoin mining cost-of-production price providing a floor to bitcoin market price and getting in at cost-of-production, i.e. the mining price ... miner's who have contracts to supply will buy at the market if market price drops below their mining costs, that's basic economics of doing business in a cut-throat industry. Cointelegraph recently posted an article estimating that most miners are barely breaking even at $8000. There's other news outlets running articles with the same mining's no longer profitable theme. Bullish? https://cointelegraph.com/news/fundstrats-tom-lee-reports-bitcoin-mining-now-less-profitable-due-to-falling-btc-pricesA recent report by Fundstrat’s Tom Lee notes that Bitcoin (BTC) mining earnings are currently almost breaking even, as the activity has temporarily become less profitable the midst of the current decline in the markets, CNBC reported yesterday, March 15.
Lee notes in the report that the current figure for the cost of mining one bitcoin is $8,038, while BTC is trading at around $8,221 by press time, down a quarter of a percent over a 24 hour period, according to data from CoinMarketCap.
The model Fundstrat used for calculating the cost of mining one BTC includes the cost of equipment, overhead such as sustaining cooling apparatuses, and the cost of electricity, assumed to be 6 cents per kilowatt. The head of quantitative data science at Fundstrat, Sam Doctor, said that the cost of replacing equipment takes up more than half of the overall cost of mining. |
|
|
|
Speaking of capitulation, I'm CONSIDERING starting to contemplate selling a batch - if I can - between $7.5-$8k before end of March just to get the tax monkey off my back. Sent an email to my accountant asking what the penalty is on $xM deferred from Q1 to Q2.
Seriously.
Sheeeit.
No proud to admit this.
Also, I've come to recognize everyone doing trade analysis of Bitcoin is full of shit.
EVERYONE.
Last summer majormax said there would be no new ATH for another few years. Bitcoin hit a $20k ATH half a year later. ... the trend is now down, and there will not be a new all time high for a couple of years or more.
This is a repeat of early 2014, the patterns are easy to see. The variation now is that the alts have a larger share of total market capitalisation. Capital will flow back to BTC, but it will not reverse the trend overall.
2 year view, BTC will fall 65% from the peak, alts will fall 70-90% (with many going to zero ultimately)
Today he's making the same prediction of a few years of bear market without another ATH. His trade analysis of Bitcoin is full of shit. . ... and you are not ready to sell yet, but would be more ready at say $2500.
The key thing now (and it will prove impossible for most people) is to accept that whatever you hold will decline in $ price by another 75% (making 90% decline in total), and that will take place in a grinding downwards pattern, including long counter-trend rallies, spread over ~2 years.
|
|
|
|
The fact that bitcoin is sound money trumps everything; adoption, payment networks, umwelts, all these buzzwords newcomers bandy.
This shit is real money and it will absorb all the capital there is, with or without us.
This illustrates how sound bitcoin is as money.  It was posted earlier on, but the more people see it the better. |
|
|
|
My math is trash, so the Bitcoin white paper made no sense, but I still tried to mine a few coins, without success. I didn’t like wasting my Mac’s central processing unit cycles on folly, so I shrugged the whole thing off. LOL Mac? As in Apple Macintosh? The guy's obviously a clueless luddite. Perhaps he should stick to writing. Maybe there's a tabloid hiring somewhere.  As far as I know there was only a windows wallet available for bitcoin in its early days, no mac wallet. Perhaps he was running windows in a virtual machine on his mac, but his story sounds fishy. All the 2009 wallets are shown on these two pages, and there doesn't appear to be a mac wallet there. https://github.com/bitcoin/bitcoin/releases?after=v0.2.11https://github.com/bitcoin/bitcoin/releases?after=v0.2rc2 |
|
|
|
Do you recommend MtGox, cryptsy and mintpal as good exchanges to trade on? |
|
|
|
|
