Last of the V8s
Legendary
 Offline
Activity: 1652
Merit: 4392
Be a bank
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June 19, 2018, 08:21:35 AM |
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"Governments are good at cutting off the heads of a centrally
controlled
networks like Napster, but pure P2P networks like Gnutella and Tor seem
to be holding their own." -- Satoshi
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Harlot
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June 19, 2018, 08:45:00 AM |
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Ahaha this is a funny meme as technically it is hard to see a bottom for Bitcoin as this point. Ever since Bitcoin entered the bear market we all have our guesses where the bottom is. Of course woth the little price actions here in there it is hard to pin point the exact bottom is. A lot of people even said that 6,500$ is the lowest that Bitcoin can get now that BTC has proven them wrong it is hard to tell where the true bottom is. What we can really do is observe the market and base our plan from it. A 200$ increase in price cannot be classified as a pump compared to the 10% decrease we have in the last few weeks. |
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Last of the V8s
Legendary
Offline
Activity: 1652
Merit: 4392
Be a bank
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June 19, 2018, 08:58:51 AM |
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Technically, you're right.
Practically, she's a sort-term bottom-shorter stop-hunter.
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Last of the V8s
Legendary
Offline
Activity: 1652
Merit: 4392
Be a bank
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June 19, 2018, 09:01:10 AM |
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She could break my balls any time  |
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Ibian
Legendary
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Activity: 2268
Merit: 1278
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June 19, 2018, 09:10:59 AM |
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Just realized that Bitcoin's hash rate is up +100% since January 2018 and around +25% since May as well as +15% from two weeks ago.  That's a nice hashrate miners. Those are some nice ASICs. It would be shame if someone... changed... the algorithm. It's not going to happen, so I don't know what your point is except to bring up something that is not going to happen? not to be an ass...but actual question...I read someplace a month ago, actually the claim that miners need about $6,600 usd to make profit mining ..this was for the majority of big BTC miner halls...IF, the price dumps (see LTC) and there is an overabundance of ASIC miners (see LTC) is it not possible that it could get so bad or centralized (see LTC Bitmain) that perhaps this could be the case? I used LTC as an example ..which is not exactly fair, in that they have many pow-scrypt coins effected in this manner, not just Bitcoin forks....but there has to reach a point in price vs mining...where it could be you just could NOT mine coin at a price without having to change algo? anyway, probably not explained right, but you get the direction...what would it take to change algo on BTC? (if any) I don't get how you can be a miner and not understand how mining works. If mining becomes unprofitable, some miners will drop out, the difficulty goes down, and the cost of mining goes down to whatever level is profitable for the remaining miners. This is 101 stuff. |
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TheCryptoDudeson
Newbie
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Activity: 2
Merit: 0
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June 19, 2018, 09:19:01 AM |
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Phillip Nunn ----- btc hit 60k this year allways nice to read Always* |
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Micky25
Legendary
Offline
Activity: 974
Merit: 1000
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June 19, 2018, 09:44:10 AM |
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Phillip Nunn ----- btc hit 60k this year allways nice to read Always* One of the things I don't understand in the English language, because it actually means "in all ways". Same as Welcome. |
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ivomm
Legendary
Offline
Activity: 1852
Merit: 2841
All good things to those who wait
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June 19, 2018, 09:59:28 AM |
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 After the previous (14 days ago) 14% rise in difficulty we have 2.77% now. Are we going to a halt in asic sales? Anyway, the miner break-even point is close, and this is typically considered as the (in our case tripple) bottom of the price  |
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Totscha
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June 19, 2018, 10:01:11 AM |
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Phillip Nunn ----- btc hit 60k this year allways nice to read Always* Way to start posting like a Nazi... |
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Totscha
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June 19, 2018, 10:05:07 AM |
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After the previous (14 days ago) 14% rise in difficulty we have 2.77% now. Are we going to a halt in asic sales? Anyway, the miner break-even point is close, and this is typically considered as the (in our case tripple) bottom of the price Most miners are bought at wholesale prices, so we're not there yet  |
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shahzadafzal
Copper Member
Legendary
 Online
Activity: 1526
Merit: 2890
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June 19, 2018, 10:28:33 AM |
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Meet the path to NEW "ATH" by year end (2018):
All I can see is two mountains of almost same height... why it can't grow bigger by end of 2018?  https://www.tradingview.com/x/TFWR2NB6/ |
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Dabs
Legendary
Offline
Activity: 3416
Merit: 1912
The Concierge of Crypto
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June 19, 2018, 11:46:38 AM |
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Who here is NOT going to sell me their Lambo if I pay in BTC that has either some segwit taint, or that actually comes from a native segwit address? I didn't find anyone who wouldn't accept my coins.
That would be that Bcash idiot Jbreher  Actually, I don't think he said it. He implied that someone else would not accept BTC that came from one of his perceived asset classes. I don't think he wouldn't accept my BTC no matter where they came from, but at the same time, he doesn't need our BTC since he seems to have more than we do, and he's got nothing for sale that we could pay in BTC. I mean, bitcoins are bitcoins. bitcoin cash is bitcoin cash. Other than that (and the other forks), there's no difference. I'll accept bitcoin cash, I'll just market sell it all. |
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El duderino_
Legendary
Offline
Activity: 2492
Merit: 12009
BTC + Crossfit, living life.
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June 19, 2018, 11:53:04 AM |
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d_eddie
Legendary
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Activity: 2478
Merit: 2895
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June 19, 2018, 12:16:36 PM |
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For me, the dream of fungibility died when Ross Ulbricht went to prison.
It wasn't bitcoin tracking that sent Ross to jail. It was poor opsec, entrapment and massive use of federal resources. |
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European Central Bank
Legendary
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Activity: 1288
Merit: 1087
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June 19, 2018, 12:59:24 PM |
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It wasn't bitcoin tracking that sent Ross to jail. It was poor opsec, entrapment and massive use of federal resources.
it would've been eventually. no one back then knew how good it would become. he would've left trails that would've led to him years down the line even had he walked away. |
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Bitcoinaire
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June 19, 2018, 01:11:30 PM |
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I don't want to jinx it, but the price action is looking good.
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Totscha
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June 19, 2018, 01:27:37 PM |
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I don't want to jinx it, but the price action is looking good.
Jinx confirmed!  |
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mindrust
Legendary
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Activity: 3234
Merit: 2417
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June 19, 2018, 01:31:25 PM |
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I don't want to jinx it, but the price action is looking good.
Jinx confirmed!  Satoshi created it too. |
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