LFC_Bitcoin
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#1 VIP Crypto Casino
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June 24, 2018, 07:21:37 PM |
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Looking at charts it seems a classic bull trap.
True that the price couldn't drop too much on Sunday!
The price regularly nosedives on a weekend dumb noob Doesn't make any sense to sell now even if its headed to sub $4k.
I don't totally agree with this, obviously. But good luck. Funny story. I was mumbling to Rick just earlier today about "Well, if we're in a fucking bear market, maybe I should sell some Corn and re-buy when it goes lower." Price was dropping down to $5,800 when I grumbled that. Rick's all like "Fuck that man. You're retired. Your stack is too high. Don't risk it." I shit you not. 30 minutes later, big-ass spike back above $6k. You can all thank Rick for me not doing something stupid, like taking a dump, I guess. Thanks Rick  |
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According to NIST and ECRYPT II, the cryptographic algorithms used in
Bitcoin are expected to be strong until at least 2030. (After that, it
will not be too difficult to transition to different algorithms.)
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jojo69
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diamond-handed zealot
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June 24, 2018, 07:35:20 PM |
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Doesn't make any sense to sell now even if its headed to sub $4k.
I don't totally agree with this, obviously. But good luck. Funny story. I was mumbling to Rick just earlier today about "Well, if we're in a fucking bear market, maybe I should sell some Corn and re-buy when it goes lower." Price was dropping down to $5,800 when I grumbled that. Rick's all like "Fuck that man. You're retired. Your stack is too high. Don't risk it." I shit you not. 30 minutes later, big-ass spike back above $6k. You can all thank Rick for me not doing something stupid, like taking a dump, I guess. always a fan of big dick ginger Rick |
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starmman
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June 24, 2018, 08:22:55 PM |
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Doesn't make any sense to sell now even if its headed to sub $4k.
I don't totally agree with this, obviously. But good luck. Funny story. I was mumbling to Rick just earlier today about "Well, if we're in a fucking bear market, maybe I should sell some Corn and re-buy when it goes lower." Price was dropping down to $5,800 when I grumbled that. Rick's all like "Fuck that man. You're retired. Your stack is too high. Don't risk it." I shit you not. 30 minutes later, big-ass spike back above $6k. You can all thank Rick for me not doing something stupid, like taking a dump, I guess. I'm HODLing and keeping my fingers crossed |
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Ibian
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June 24, 2018, 08:29:23 PM |
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Doesn't make any sense to sell now even if its headed to sub $4k.
I don't totally agree with this, obviously. But good luck. Funny story. I was mumbling to Rick just earlier today about "Well, if we're in a fucking bear market, maybe I should sell some Corn and re-buy when it goes lower." Price was dropping down to $5,800 when I grumbled that. Rick's all like "Fuck that man. You're retired. Your stack is too high. Don't risk it." I shit you not. 30 minutes later, big-ass spike back above $6k. You can all thank Rick for me not doing something stupid, like taking a dump, I guess. My personal goal is to get enough fiat to be set for life (at current valuation, at least) and then just let the rest ride. Billionaire or bum, I don't do anything halfway. |
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mike4001
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June 24, 2018, 08:40:25 PM |
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Holy Shit ... Bitcoin difficulty is projected to increase by ~24% in 6 days ...
OK, the culprit is the decrease of BCH because miners switched over to mine BTC instead.
But I believe that the point where mining costs are higher than the BTC value must be here (or nearly here)
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jojo69
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diamond-handed zealot
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June 24, 2018, 08:48:45 PM |
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Toxic2040
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June 24, 2018, 08:57:14 PM |
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Good afternoon all. I had some things come up today so no HNWI article as of now. Maybe later tonight I will get time to put down some more thoughts. I will leave you with the basic premise. There are over 17 million HNWI's with combined assets totaling over 70 trillion. How many are invested in bitcoin? How much have they invested. How many more are interested in bitcoin but have yet to invest? How much of their assets would they be willing to risk in the nascent bitcoin industry? What could the bitcoin community do to attract such investors? While many advocate a grass roots type of adoption, e.g. millions of small investors to drive the price upwards, it will most likely be HNWI's and institutional investors that lead the way towards new ATH's in the shorter time frame. Something to think about. ---------- Bitcoin 1h  4h  D  |
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ccminer.net
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June 24, 2018, 08:58:57 PM |
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Holy Shit ... Bitcoin difficulty is projected to increase by ~24% in 6 days ...
OK, the culprit is the decrease of BCH because miners switched over to mine BTC instead.
But I believe that the point where mining costs are higher than the BTC value must be here (or nearly here)
Depends on which country you are based, sure is that in a while just in Venezuela they will be able to mine with no loss if we go ahead like this |
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Ibian
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June 24, 2018, 09:08:45 PM |
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Holy Shit ... Bitcoin difficulty is projected to increase by ~24% in 6 days ...
OK, the culprit is the decrease of BCH because miners switched over to mine BTC instead.
But I believe that the point where mining costs are higher than the BTC value must be here (or nearly here)
Depends on which country you are based, sure is that in a while just in Venezuela they will be able to mine with no loss if we go ahead like this Oy mate, you saying socialism doesn't work? |
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Anon136
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June 24, 2018, 09:09:26 PM |
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Depends on which country you are based, sure is that in a while just in Venezuela they will be able to mine with no loss if we go ahead like this
Venezuelans think bitcoin is in a bull market.  |
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Raja_MBZ
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June 24, 2018, 09:30:07 PM |
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Depends on which country you are based, sure is that in a while just in Venezuela they will be able to mine with no loss if we go ahead like this
Venezuelans think bitcoin is in a bull market. Actually, for Venezuelans, bitcoin really is still in bull market. Their currency has declined faster than bitcoin if last 6 months of "bearish" trend of bitcoin are considered. See this:  *looks pretty bullish, this is BTC to VEF* |
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rolling
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June 24, 2018, 09:31:14 PM |
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Holy Shit ... Bitcoin difficulty is projected to increase by ~24% in 6 days ...
OK, the culprit is the decrease of BCH because miners switched over to mine BTC instead.
But I believe that the point where mining costs are higher than the BTC value must be here (or nearly here)
I don't know where you are getting the ~24% projection but it isn't even close to accurate. |
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eth9888
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June 24, 2018, 09:34:19 PM |
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Depends on which country you are based, sure is that in a while just in Venezuela they will be able to mine with no loss if we go ahead like this
Venezuelans think bitcoin is in a bull market. Actually, for Venezuelans, bitcoin really is still in bull market. Their currency has declined faster than bitcoin if last 6 months of "bearish" trend of bitcoin are considered. See this: *looks pretty bullish, this is BTC to VEF*lol yeh, as if it matters |
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hodl_2015
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June 24, 2018, 09:35:02 PM |
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Holy Shit ... Bitcoin difficulty is projected to increase by ~24% in 6 days ...
OK, the culprit is the decrease of BCH because miners switched over to mine BTC instead.
So in 6 days these miners will switch back to BCH, and we will be stuck with a high difficulty for how many blocks? |
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cAPSLOCK
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Whimsical Pants
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June 24, 2018, 09:59:18 PM |
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Depends on which country you are based, sure is that in a while just in Venezuela they will be able to mine with no loss if we go ahead like this
Venezuelans think bitcoin is in a bull market. Actually, for Venezuelans, bitcoin really is still in bull market. Their currency has declined faster than bitcoin if last 6 months of "bearish" trend of bitcoin are considered. See this: *looks pretty bullish, this is BTC to VEF*lol yeh, as if it matters It is one of the fundamental things that matters the most. Bitcoin is not going to displace the worlds reserve currency, or even make a dent in it before it has taken out low hanging fruit like the Bolivar. Venezuela is one of the places hyperbitcoinization happens first. You'll see. |
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becoin
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June 24, 2018, 10:05:17 PM |
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Venezuela is one of the places hyperbitcoinization happens first.
You'll see.
I think it'll happen first in Ukraine. |
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mymenace
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Smile
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June 24, 2018, 10:17:38 PM |
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Can anyone dispute this
MT Gox
Recovered approximate 160000 BTC
1/5 of all BTC that was stolen
MT Gox have announced approximate 1/5 return of peoples investments
If the price when stolen was $1000 USD
and when the price hits $5000 USD
Every Mt Gox account could be reimbursed their initial USD value?
No-one loses, but the ones with the coins
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Rosewater Foundation
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June 24, 2018, 10:22:06 PM |
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You'll have to see it to believe it. That's always the way.
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infofront (OP)
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Shitcoin Minimalist
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June 24, 2018, 10:25:42 PM
Last edit: June 24, 2018, 10:36:21 PM by infofront |
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What's the world cup?
It's not complicated for anyone except our US brethren It's a competition where the winner gets a cup (a nice shiny one). But then it is a little tougher to explain. You see the use of the word 'World' in this instance means literally EVERY contry in the world can enter their national team in it. Unlike in America where the use of the word 'world' in sport (e.g. the baseball World Series) can mean only teams based in America normally take part. Now to further complicate things the competition is for playing what most countries in the world refer to as 'football'. This is a game played by people using mainly their foot to kick a spherical ball. Of course in America 'football' refers to a strange game which involves an egg-shaped object largely carried in the hands. Actually more like a sort of 'egg-hand-ball'. The World Cuo and indeed 'football' is rather popular worldwide, but not so in the USA, sadly. I guess it's just not exciting enough. sorry - very bored on a long hall flight.Thanks for the explanation. I'm in the US, so that makes a lot of sense. I'll have to figure out the metric system next. |
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Searing
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Clueless!
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June 24, 2018, 10:31:21 PM |
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Can anyone dispute this
MT Gox
Recovered approximate 160000 BTC
1/5 of all BTC that was stolen
MT Gox have announced approximate 1/5 return of peoples investments
If the price when stolen was $1000 USD
and when the price hits $5000 USD
Every Mt Gox account could be reimbursed their initial USD value?
No-one loses, but the ones with the coins
NO..from what I understand? you would be reimbursed in fiat at the time the BTC was seized...it seems you can, however, get it in fiat or BTC it seems... from my point of view, allowing people to choose BTC for payment ..even at the old 'rates' is good...those folk may HODL still for the hell of it... when the mt. gox trustee was liquidating all to USD or whatever...that was a 100% hit to the market .it was ALL out of crypto ...so market effects of IF most take BTC will be minimal IMHO I can't remember but I think the original value of all the BTC if there had been NO mt. gox meltdown would be 23 billion dollars now at least the owner of mt. gox 'supposedly' is not getting any of this (i kinda still doubt he is not getting a taste of some..but unsure on these details) |
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