Torque
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February 06, 2019, 03:35:38 PM |
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The Myanmar miners are loving it! Everyone else not so much
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BitcoinGirl.Club
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February 06, 2019, 03:41:07 PM |
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The Myanmar miners are loving it! Everyone else not so much Huh! Did you see Venezuela LOL It's all green there! I am packing up to move there 😜 Venezuela came in as the cheapest nation at $531. Their electricity rates are heavily subsidized by the government, leading to incredibly low prices. Trinidad and Tobago, Uzbekistan, Ukraine, and Myanmar round out the rest of the five least expensive nations.
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VB1001
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February 06, 2019, 03:41:49 PM |
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^^ Yes, there are some +/- $ 2,000
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Globb0
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February 06, 2019, 03:44:17 PM |
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infofront (OP)
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February 06, 2019, 03:52:38 PM |
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StartupAnalyst
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February 06, 2019, 03:56:02 PM |
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February 06, 2019, 03:56:46 PM |
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If you are writing some pie in the sky long term predictions while pointing to short term annihilation of the asset that already experienced above 80% decline, than you are: 1. SM club subscriber. 2. Too "smart" for your own good. 3. Want to push asset down to load since you don't have ANY of it. 4. You are named Tone or Murad. What is the correct answer?
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serveria.com
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February 06, 2019, 03:56:56 PM |
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Time to wrap it up here, folks.
Bitcoin is turning out just like the internet.
When the bubble popped, everyone just stopped using it.
i went to bitcoinland and all i got was this stupid hat ! ![Cool](https://bitcointalk.org/Smileys/default/cool.gif) weeee Yeah, cause i’m not owning any actual BTC’s ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) 50$ drop and wouldn’t we know it a Weeee re-entry $3000 close and 3k is just a fluffy $25OO ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) weeeee $3400 is nowhere close to $3000 let alone $2500 That's because Gembitz is an idiot, ignore him. He's not an idiot he's a dickhead. It's a huge difference.
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VB1001
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February 06, 2019, 03:59:49 PM |
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Globb0
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February 06, 2019, 04:02:39 PM |
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Not only is this not going away, but it provides the most asymmetric return on almost any bet that a company can make right now.
And most Average Joes have no idea why that is, because they are completely ignorant to how traditional market IPOs are structured. They never wonder why a Facebook doesn't begin life trading on the NASDAQ at $0.01/share instead of $20/share. Q: Why does a company like Facebook not do a 10,000X, 1000X or even a 100X this many years after launch? And the early investing public gets to benefit from such a move in the price? A: Because the 10,000X in Facebook stock already happened pre-IPO. It was stolen away from the Average Joe public by the founders, initial *wealthy* investors, wealthy hedge fund managers and investor banks. These are all people who had nothing to lose and everything to gain because they were already wealthy. They end up with 99.99999999% of the shares before public trading launch. What ends up trading on the public market float is a pitiful, minuscule amount compared to the sum total...a drop in the bucket. THIS is why the wealthy are getting wealthier while the average and poor get poorer. They (Average Joe) are being shut out from being able to invest in early rounds of Tech companies and being able to benefit/profit by owning massive amounts of shares pre-IPO for little investment, like the rich can. Rich people can go onto Dragons Den and buy the company for 50% of the money. While poor people just have to drink in the queen vic.
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StartupAnalyst
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February 06, 2019, 04:06:35 PM |
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Bitcoin is becoming increasingly decentralized. Compare how the situation has changed in less than five years with the distribution of hashrate among mining pools. We are going in the right direction! ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.ibb.co%2Fb6tTkHs%2Fphoto-2019-02-06-15-45-18.jpg&t=665&c=9KHCPM3wJhywrw)
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Torque
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February 06, 2019, 04:08:19 PM |
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If you are writing some pie in the sky long term predictions while pointing to short term annihilation of the asset that already experienced above 80% decline, than you are: 1. SM club subscriber. 2. Too "smart" for your own good. 3. Want to push asset down to load since you don't have ANY of it. 4. You are named Tone or Murad. What is the correct answer? If you look at his last 3 ending tweets, personally he doesn't sound like he's just trolling Bitcoin. He actually sounds like a somewhat realistic hodler to me. That being said, I don't believe Twitter activity about Bitcoin/crypto is a valid metric at all. Hundreds, thousands of Bitcoin sockpuppet shill accounts were created during the run up to influence people buying in. Now they have all gone dormant. It will happen again, 100% sure of that.
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BitcoinGirl.Club
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February 06, 2019, 04:18:10 PM Last edit: May 15, 2023, 01:44:38 PM by BitcoinGirl.Club |
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LFC_Bitcoin
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February 06, 2019, 04:18:49 PM |
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^^^^^ On my mind at regular intervals - every day ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) The halving = the dynamite that starts every bull run ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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BitcoinGirl.Club
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February 06, 2019, 04:23:37 PM Last edit: May 15, 2023, 01:43:31 PM by BitcoinGirl.Club Merited by goldkingcoiner (1) |
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BitcoinGirl.Club
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February 06, 2019, 04:28:24 PM Last edit: May 15, 2023, 01:43:24 PM by BitcoinGirl.Club |
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mindrust
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February 06, 2019, 04:29:50 PM |
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Remember Elwar's quote guys: Throughout the last year I was told how "lucky" I was to have so many bitcoins. They wished they got in so "early" like me, that they were not so "lucky".
Think of all of the people selling right now. Think of all of the people buying right now. The people selling are doing something easy. The people buying are doing something hard.
Holding BTC right now is hard, it's not easy. When you do something that is hard and are rewarded, that is not luck. That is a reward that is earned.
I have earned every bit of what I have, and then some, having been through these tough times several times and not buckled.
I am not lucky. I am strong.
Selling is easy. Hodling during these times is what counts. Hodling now is even harder than what it was in August/2018 and it might become even harder. #stronghands
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mindrust
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February 06, 2019, 04:34:54 PM |
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Theymos says 3 grand. I'm betting on 3 grand. Sad but true.
$3k is not impossible, but that was not my prediction. I think that: - The most recent crash was artificial, driven by very few whales. - The market has wanted badly to stabilize for a while, but keeps choosing what turns out to be a too-high price. So I predict that the price will rise somewhat, maybe a bit above 7k, and then it will either stabilize (in BTC terms...) or *slowly* continue a downward trend. I feel that we are not too far from a sustainable longer-term price: I'd guess 5500 at the lowest. IMO 3k *could* be reached by widespread panic selling, and 1k could be reached if some shit *really* hits the fan, but I consider neither likely. Theymos did nothing wrong. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) He warned us all. *I just took a quick look at the old pages of the topic and found some gems.
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Paashaas
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February 06, 2019, 04:35:29 PM |
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infofront (OP)
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February 06, 2019, 04:37:16 PM |
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If you are writing some pie in the sky long term predictions while pointing to short term annihilation of the asset that already experienced above 80% decline, than you are: 1. SM club subscriber. 2. Too "smart" for your own good. 3. Want to push asset down to load since you don't have ANY of it. 4. You are named Tone or Murad. What is the correct answer? If you look at his last 3 ending tweets, personally he doesn't sound like he's just trolling Bitcoin. He actually sounds like a somewhat realistic hodler to me. That being said, I don't believe Twitter activity about Bitcoin/crypto is a valid metric at all. Hundreds, thousands of Bitcoin sockpuppet shill accounts were created during the run up to influence people buying in. Now they have all gone dormant. It will happen again, 100% sure of that. He's a fairly well known guy in the bitcoin twittersphere. I think he's basically a bitcoin maximalist. He's just been a little over bearing in his pain forecasts.
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