JayJuanGee
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Activity: 3374
Merit: 8410
ESG, KYC & AML are attack vectors on Bitcoin
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October 12, 2018, 08:09:49 AM |
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debart time?
We just tried to break out from the pennant. Volume not quite there yet. Tried but failed.  Was Satoshi's vision flawed? Is the chain of blocks coming to an end? #Nourielknew  So you guys are not going to try and tell me that we're going up?    
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kurious
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Activity: 2576
Merit: 1618
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October 12, 2018, 08:12:11 AM |
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Thanks for finding another great long read. A damn good insight into modern top-end competition and China's determined fight to get to no.1 in every aspect of hi-tech production. It's all Far-East based and the last prize is the chip itself. The West isn't even in competition and the investment numbers to even keep up are mind-boggling.
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Phil_S
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Activity: 2016
Merit: 1390
We choose to go to the moon
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October 12, 2018, 08:15:19 AM |
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Last of the V8s
Legendary
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Activity: 1652
Merit: 4392
Be a bank
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October 12, 2018, 08:57:51 AM |
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Thanks for finding another great long read. A damn good insight into modern top-end competition and China's determined fight to get to no.1 in every aspect of hi-tech production. It's all Far-East based and the last prize is the chip itself. The West isn't even in competition and the investment numbers to even keep up are mind-boggling. Well hey thanks for noticing, meriting and summarising. I bet there are Chinese generals right now dreaming of 'liberating' TSMC. In the name of 'the people'.
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StartupAnalyst
Sr. Member
  
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Activity: 728
Merit: 317
Crypto Casino & Sportsbook
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October 12, 2018, 09:04:33 AM |
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ivomm
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Activity: 1723
Merit: 2350
All good things to those who wait
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October 12, 2018, 09:07:55 AM Last edit: October 12, 2018, 09:25:47 AM by ivomm Merited by LFC_Bitcoin (2) |
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Wow a 15000BTC sale brings the price down for only several hundreds? Bullish!  That is exactly the amount sold from 6600 to 6200-ish in Bitfinex. The price looks stable for now, only 5% loss is no big drama. It looks more like a bear trap to me. Of course, I agree that this year so far was a bears shitshow. All these people clearly have little faith and patience (or at least they had before but lost it now). But sooner or later the selling bears will dissapear. Let's hope this was the last bear selling at 6K range. I clearly remember last year how many people sold thousands of bitcoins when the price was below 3K. Now it is a rare thing to see a sell above 1K. In the next years probably we will be talking of hundreds-bitcoin-whales, then tens-bitcoin-whales In gloomy days like these, I try to imagine where the price will be in 3, 5, 10 years? There is no need to wreck my nerves by these short dips. If I just hold, I will become a millionaire way before my retirement. So, instead of selling, I prefer to buy moar bitcoins with my pathetic salary. Who knows, may be we will see new ATH sooner than expected. I don't want to be on the wrong side when this happens.  Yes, I have faith that I will see it and enjoy it with my full stash intact by these shakeouts!!! If you are willing to have a time preference horizon that goes beyond 5 years, it seems that you have really decent odds of profiting stupendously by continuing to dollar cost average into BTC until then - and hoping for the best - even if you happen to be regularly investing with a "pathetic salary," as you mentioned. Of course, such hope regarding the future of BTC (and presumably BTC prices that will follow) is based on a certain kind of disparity of information in which you seem to understand the fundamentals of BTC and there are so many average Joes who either do not have a clue about BTC or they are filled with Angst or apathy regarding the extent to which bitcoin "may be valuable" (from their perspective). On the other hand, if your time horizon is way shorter, then there certainly could be some unnecessary risks - for example even less than 3 years - and you would not want to put a great amount of your money into BTC if you really needed to have that money liquid in a shorter period of time - such as less than 3 years. Very well said! I understand the technology, of course, and I am confident that my savings (which quadrupled thanks to Bitcoin) can go over $1mil one day. For now they are enough only for a small house or a nice new car. I have an appartment and a VW CC, so for now I don't need cash. The last year for me was more nervous because of the uncertainty of the forks. But now I am absolutely confident that Bitcoin is here to stay (even if traitors like Ver and Wu tried to steal the project one way or another, Bitcoin ramained what it is meant to be). With the coming bakkt and ETF in 1-2 years tops, Bitcoin will remain the first blockchain currency (and Wall Street exchange asset), so its value will never stop rising. Of course, I am not delusional. There will be dips and sideways and it will be tough to hold at those moments. Speaking of predictions, I have 3 variants for the next 7 years (after 2 halvings). 1. The bearish one: In 2-3 years the price will revisit the 20K range. In 6-7 years it will reach $40-50K. 2. The mild bullish: In 2-3 years: 40K. In 6-7 years it will reach $100K. 3. The most bullish: In 2-3: 100K. In 6-7 years it will reach $500K. I hope for the best but I can live with scenario 1. In 6 years I will still have 15 years to retirement, so I need only to buy moar and hold.
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Last of the V8s
Legendary
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Activity: 1652
Merit: 4392
Be a bank
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October 12, 2018, 09:23:15 AM Merited by BobLawblaw (1) |
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Oh that's how it works 
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El duderino_
Legendary
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Activity: 2170
Merit: 10363
BTC + Crossfit, living life.
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October 12, 2018, 10:07:37 AM |
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just saw an amazing video : A dog has jumped 31 feet, setting a new world record, followed by "What have you done?" so i only have to say 1 thing .... i did increase my amount of BTC's lately ..... what have you done? 
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JayJuanGee
Legendary
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Activity: 3374
Merit: 8410
ESG, KYC & AML are attack vectors on Bitcoin
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October 12, 2018, 10:16:01 AM |
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Why pump Monero in this thread?
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El duderino_
Legendary
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Activity: 2170
Merit: 10363
BTC + Crossfit, living life.
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October 12, 2018, 10:20:08 AM |
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Why pump Monero in this thread? your right .... my bad , its not for in here .... 
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vroom
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Activity: 1192
Merit: 1162
a Cray can run an endless loop in under 4 hours
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October 12, 2018, 11:43:20 AM |
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 found on reddit
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El duderino_
Legendary
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Activity: 2170
Merit: 10363
BTC + Crossfit, living life.
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October 12, 2018, 11:50:42 AM |
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^ Would be Nice as always .... but i saw many arrows of where we are last weeks.... all suggesting the time is there to go up.....but we just have too be patience, i’m just gonna let myself be surprises by the BULL when its there 
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kurious
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Activity: 2576
Merit: 1618
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October 12, 2018, 11:51:18 AM |
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Thanks for finding another great long read. A damn good insight into modern top-end competition and China's determined fight to get to no.1 in every aspect of hi-tech production. It's all Far-East based and the last prize is the chip itself. The West isn't even in competition and the investment numbers to even keep up are mind-boggling. Well hey thanks for noticing, meriting and summarising. I bet there are Chinese generals right now dreaming of 'liberating' TSMC. In the name of 'the people'. There was comment on that in there, as any reunification would mean they do 'have it all' - which is what china wants in the industry. TSMC are a couple of generations ahead, though; working on getting to 5 nanometer tech while the mainland is largely struggling to get facilities from 28nm to 14. Taiwan and (in the main that means TSMC) is at the supreme top end and in a position of hegemony. Am in awe of the kind of investments in chip factories (in the $10 of billions EACH) required to be a player. All this makes Bitmain look just a tiny niche player. Perspective gained, but more than that, insight into the Chinese gov's plans and world view. You have to wonder if any hi-tech manufacturing will exist outside the Far East at this rate. Silicon chips made in Swindon? Not bloody likely!
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BTCMILLIONAIRE
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October 12, 2018, 12:04:36 PM |
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With stocks crashing by as much as 40% we might just see the next Bitcoin rally soon, for which the last sell off could end up being a bear trap. How is the long volume developing?
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d_eddie
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Activity: 2156
Merit: 2366
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October 12, 2018, 12:24:05 PM |
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With stocks crashing by as much as 40% Not to mention bonds! Not such a swift, apparent crash yet, but it's overdue already. A slow grind fueled by rising interest rates is pretty much unescapable by now. That's real institutional, conservative investor money mostly. we might just see the next Bitcoin rally soon, for which the last sell off could end up being a bear trap. How is the long volume developing?
Potential bull fodder indeed. Popcorn anyone?
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Rosewater Foundation
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October 12, 2018, 12:38:27 PM Merited by BobLawblaw (1) |
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somewhere in Poland  Oooooh I hate that.  I hate it when people don't know what HODL means. yeah Mister Mayer 
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withlove99
Member

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Activity: 336
Merit: 29
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October 12, 2018, 01:23:41 PM |
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WHO TO AVOID BEWARE THE SHARK IN WHALE CLOTHING The sharks are the ones who are out to get you. when you enter this arena, they smell blood and start circling. The sharks can include the power traders at the big firms and even brokers who have a vested interest in your losses. They will entice you with easy profits and then go in for the skill.
NOTE: Not al brokers are bad. Not all power traders are your enemies. 
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Hueristic
Legendary
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Activity: 3472
Merit: 4153
Doomed to see the future and unable to prevent it
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October 12, 2018, 02:46:43 PM |
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Thanks for finding another great long read. A damn good insight into modern top-end competition and China's determined fight to get to no.1 in every aspect of hi-tech production. It's all Far-East based and the last prize is the chip itself. The West isn't even in competition and the investment numbers to even keep up are mind-boggling. Well hey thanks for noticing, meriting and summarising. I bet there are Chinese generals right now dreaming of 'liberating' TSMC. In the name of 'the people'. There was comment on that in there, as any reunification would mean they do 'have it all' - which is what china wants in the industry. TSMC are a couple of generations ahead, though; working on getting to 5 nanometer tech while the mainland is largely struggling to get facilities from 28nm to 14. Taiwan and (in the main that means TSMC) is at the supreme top end and in a position of hegemony. Am in awe of the kind of investments in chip factories (in the $10 of billions EACH) required to be a player. All this makes Bitmain look just a tiny niche player. Perspective gained, but more than that, insight into the Chinese gov's plans and world view. You have to wonder if any hi-tech manufacturing will exist outside the Far East at this rate. Silicon chips made in Swindon? Not bloody likely! https://www.bloomberg.com/news/features/2018-10-04/the-big-hack-how-china-used-a-tiny-chip-to-infiltrate-america-s-top-companiesThese servers were assembled for Elemental by Super Micro Computer Inc., a San Jose-based company (commonly known as Supermicro) that’s also one of the world’s biggest suppliers of server motherboards
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jojo69
Legendary
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Activity: 2842
Merit: 3979
1/21000000 , the only math you need to know
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October 12, 2018, 03:01:04 PM |
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hmmmmmmmm
getting kind of wide for a bart
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d_eddie
Legendary
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Activity: 2156
Merit: 2366
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October 12, 2018, 03:35:51 PM |
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Meanwhile, the Plunge Protection Team is working hard.
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