Last of the V8s
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Be a bank
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January 18, 2018, 12:46:42 PM Last edit: January 18, 2018, 09:24:49 PM by Last of the V8s |
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Wekkel
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yes
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January 18, 2018, 12:58:07 PM |
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I only read this: Bitcoin, the world’s first cryptocurrency [...] has gone mainstream.
So it begins ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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jonoiv
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January 18, 2018, 01:02:28 PM |
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if even a duncetard like myself can mine one for ~2.1k usd (which is expensive because uk=51st shithole) then 'fair' seems a bit unfair
If that were true then hashrate would be skyrocketing right now. His not a million miles away, since the dilution of the hash-rate thanks to BCH and other chain forks (SHA256) mining has become a lot more profitable. That will balance out over time though. The hash rate has doubled since the BCH fork, even taking into account the miners that switched. Miners are taking up the slack, but memories of unprofitable mining in 2014 - 2016 means that many are cautious of reinvesting in a ton of mining equipment. Id say given the predicted future hashrate increase the cost of elec, and equipment. Id estimate if starting from scratch now about 9k to make a bitcoin at current prices.
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Last of the V8s
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Be a bank
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January 18, 2018, 01:15:25 PM |
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aok yes if you have to buy new rigs
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criptix
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January 18, 2018, 01:15:43 PM |
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should i request a paid article on CNBC?
Whole cryptocurrency market is green while Tether is the only digital currency in red?
RIP USD
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BTCMILLIONAIRE
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January 18, 2018, 01:22:01 PM |
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should i request a paid article on CNBC?
Whole cryptocurrency market is green while Tether is the only digital currency in red?
RIP USD
I've also found an article about Ethereum being "below $1000 again" on some random MSM site on my phone earlier today. And it came out pretty much just before it returned to above $1000. Media is quite a strange phenomenon these days.
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Torque
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January 18, 2018, 01:28:06 PM |
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should i request a paid article on CNBC?
Whole cryptocurrency market is green while Tether is the only digital currency in red?
RIP USD
Every article I read on CNBC.com is wrong. Not just about Bitcoin, but about the economy in general. All corps and businesses are painted as being in full recovery mode, whilst crypto is painted as a space that is teetering on the edge of collapse any day now. Completely backwards. Of course the agenda is to get Average Joe back into the equities markets full steam.... the last bag holders when the stock market finally tanks a few years from now. Meanwhile Wallstreet will quietly hedge into the crypto space, and it'll skyrocket during the coming equity market meltdown. There's a reason why the Bitcoin price has risen so much. There's a reason why the Bitcoin futures market was created. And there will be the same reasons for the coming Bitcoin ETFs. I can tell you that it's not for Average Joe's benefit.
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JayJuanGee
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Self-Custody is a right. Say no to"Non-custodial"
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January 18, 2018, 01:31:11 PM |
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All I know is that if we were going to crash hard here it would have happened already. It doesnt just drag on for months or inch down on high volume.
That's the spirit - Tera (temporarily not beara).... ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif)
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JayJuanGee
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Self-Custody is a right. Say no to"Non-custodial"
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January 18, 2018, 01:35:36 PM |
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This isn’t the crash I was promised.
I sold all my coins at $9222 because they were no longer valuable. I’ll buy them again when they’re really worth something. Maybe in March at a new ATH seems a good buy point. I don’t want to miss out....
I was hoping for $6-8k. I missed out on restocking by being greedy. ![Sad](https://bitcointalk.org/Smileys/default/sad.gif) Starting to feel as if our correction is done - although I will feel a bit better once we cross above $13k.
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BTCMILLIONAIRE
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January 18, 2018, 01:38:56 PM |
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Every article I read on CNBC.com is wrong. Not just about Bitcoin, but about the economy in general. All corps and businesses are painted as being in full recovery mode, whilst crypto is painted as a space that is teetering on the edge of collapse any day now.
Completely backwards.
Of course the agenda is to get Average Joe back into the equities markets full steam.... the last bag holders when the stock market finally tanks a few years from now. Meanwhile Wallstreet will quietly hedge into the crypto space, and it'll skyrocket during the coming equity market meltdown. There's a reason why the Bitcoin futures market was created, and there will be the same reasons for the coming Bitcoin ETFs. It's not for Average Joe's benefit.
Hopefully cryptos won't even think of entering a recession before the stock market collapses. Been slowly easing out of some of my stocks in favour of cryptos for a number of months now and want some discounted stocks before cryptos plummet. Also, inb4 Trump will be at fault when equities crash.
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JayJuanGee
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January 18, 2018, 01:39:20 PM |
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Woah, look at all that green! Went to sleep for a couple of hours and BTC is back in the saddle and all but 2 coins in the top 100 are in the green. Congrats to everyone that bought the dip and shame on every weak hand that thought the sky was falling. If you sold at the bottom you will likely do it again.
hey...I resemble that remark! (panic sold like wimp....it was LTC to pay the tax man etc...but still ..wimp) Then again I retired on Monday ..when things went to hell...so it is my fault for the crypto crash...so sold at the low (LTC) to restore proper Karma you are welcome! No insult intended. Sometimes you gotta pay the bills when timing couldn't be worse - at the low. Knowing full well you just paid twice as much as was needed. Thank you for your offering to the crypto gods. (Is there a name for it? Maybe honeybadger?). It has been received. We're weak ass ratt hands! Don't sugarcoat our failure. That is the spirit of ownership. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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Last of the V8s
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Be a bank
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January 18, 2018, 01:46:44 PM Last edit: January 18, 2018, 02:12:48 PM by Last of the V8s |
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Dakustaking76
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January 18, 2018, 01:48:00 PM |
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Thats the Way my beloved one go on And go to beyond the moon!
Were above €10.000 again
Panic Sellers are thinking now wtf what happend 😱😱😱
Roach can shut up now
Thank you
Were off
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Torque
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January 18, 2018, 01:54:15 PM |
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Every article I read on CNBC.com is wrong. Not just about Bitcoin, but about the economy in general. All corps and businesses are painted as being in full recovery mode, whilst crypto is painted as a space that is teetering on the edge of collapse any day now.
Completely backwards.
Of course the agenda is to get Average Joe back into the equities markets full steam.... the last bag holders when the stock market finally tanks a few years from now. Meanwhile Wallstreet will quietly hedge into the crypto space, and it'll skyrocket during the coming equity market meltdown. There's a reason why the Bitcoin futures market was created, and there will be the same reasons for the coming Bitcoin ETFs. It's not for Average Joe's benefit.
Hopefully cryptos won't even think of entering a recession before the stock market collapses. Been slowly easing out of some of my stocks in favour of cryptos for a number of months now and want some discounted stocks before cryptos plummet. Also, inb4 Trump will be at fault when equities crash. As far as Bitcoin goes, I think that on the down low Wallstreet has seriously been moving forward with plans to make Bitcoin a legit hedge instrument. A "non-correlated asset" similar to Gold, but not as tied to anything, not as collateralized and re-hypothecated, as other hedge instruments are. It's finally at a market cap size and maturity where they believe it is ready to be taken to the next step. But publicly, they are trying to paint Bitcoin as a risky pump-and-dump scheme that is in line with other risky market assets. They want Average Joe to stay away from it while they get all the machinery in place to leverage it themselves (i.e., futures, ETFs, etc.) But of course insiders know this already, which is why the price has climbed all last year as they can't resist getting in early. They can't hide that accumulation because it's a thin market with a lot of transparency and not much Bitcoin off exchange to be bought. That's why when I keep saying 'Wallstreet wants your bitcoin', I mean no seriously WALLSTREET WANTS YOUR BITCOIN.
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BTCMILLIONAIRE
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January 18, 2018, 02:05:20 PM |
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As far as Bitcoin goes, I think that on the down low Wallstreet has seriously been moving forward with plans to make Bitcoin a legit hedge instrument. A "non-correlated asset" similar to Gold, but not as tied to anything, not as collateralized and re-hypothecated, as other hedge instruments are. It's finally at a market cap size and maturity where they believe it is ready to be taken to the next step.
But publicly, they are trying to paint Bitcoin as a risky pump-and-dump scheme that is in line with other risky market assets. They want Average Joe to stay away from it while they get all the machinery in place to leverage it themselves (i.e., futures, ETFs, etc.) But of course insiders know this already, which is why the price has climbed all last year as they can't resist getting in early. They can't hide that accumulation because it's a thin market with a lot of transparency and not much Bitcoin off exchange to be bought.
That's why when I keep saying 'Wallstreet wants your bitcoin', I mean no really WALLSTREET WANTS YOUR BITCOIN.
Do you expect it to actually be uncorrelated though? I could easily see equity money fleeing into cryptos (alongside of gold) once it inevitably pulls back. At least if crypto doesn't somehow crash before that, which doesn't seem highly probable right now. I agree with the overall sentiment though, I'm exposing myself to as much crypto as I possibly can without compromising my retirement status and have no intention of exiting. Even if perhaps not the best move from an investment/capital conserving perspective, I prefer positioning myself with what I believe in (which is decentralization without risking to be forced to work a job that I don't want to at any point in my life).
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mike4001
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January 18, 2018, 02:33:27 PM |
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Thats the Way my beloved one go on And go to beyond the moon!
Were above €10.000 again
Panic Sellers are thinking now wtf what happend 😱😱😱
Roach can shut up now
Thank you
Were off
USD / EUR exchange rate is really bad now. A year ago it was ~1.08 => now it's 1.22 Euroland lost ~14% of value if the BTC price had been stable.
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Torque
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January 18, 2018, 02:37:46 PM |
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Do you expect it to actually be uncorrelated though? I could easily see equity money fleeing into cryptos (alongside of gold) once it inevitably pulls back. At least if crypto doesn't somehow crash before that, which doesn't seem highly probable right now.
I agree with the overall sentiment though, I'm exposing myself to as much crypto as I possibly can without compromising my retirement status and have no intention of exiting. Even if perhaps not the best move from an investment/capital conserving perspective, I prefer positioning myself with what I believe in (which is decentralization without risking to be forced to work a job that I don't want to at any point in my life).
Let's put it this way, I think we'll see things accelerating within the next 12-18 months with Bitcoin ETFs. This December was a turning point. It's no coincidence that U.S. tax repatriation law was changed so that U.S.-based businesses could bring overseas money back home more cheaply. That was made to happen for one reason and one reason only: more stock buybacks and more pushing/propping up the stock market. U.S. corporations had completely run out of free cash flow to buyback and prop up their own stock prices, so they needed another infusion of fresh cash. And this was how that was made possible. But after 6-12 months, that money will too run out. "A good hockey player plays where the puck is. A great hockey player plays where the puck is going to be."-Wayne Gretzky
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Aqualung89
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January 18, 2018, 02:41:14 PM |
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It will be very good for me to rise to a certain level and stay at this level afterwards. But what will be the next target seems to be hard to predict. My guess is that it will still be at $ 15,000.
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JayJuanGee
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Self-Custody is a right. Say no to"Non-custodial"
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January 18, 2018, 02:46:24 PM |
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It will be very good for me to rise to a certain level and stay at this level afterwards. But what will be the next target seems to be hard to predict. My guess is that it will still be at $ 15,000.
Get a grip. We are not in a "stable" market. There is a BTC price battle going on here. Can't you see it? You see the quantity of trade volume in BTC, and what about altcoinlandia? Even altcoin landia volatility affects bitcoin volatility, right? You see it, or no? Sure, there may be some luck or coincidental BTC price consolidation under $20k for a while, and we might even bounce between $10k and $20k for a while and even settle in the $15k area, but if you think that BTC prices are stabilizing any time soon, you are living in a bit of a low probability frame of thinking (aka fantasy world).
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Deeyoh
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January 18, 2018, 03:03:10 PM |
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The big 12k sell wall is being eaten right now
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