Number 9! Ninth altcoin thread. Back to the moon Baby!

[philipma1957]

2017  we crested over 1 trillion.
So  do I think we go to 1 trillion maybe by next spring.

I distinctly remember not hitting 1 trill. I recall a high at a touch over 800bn.

I think I saw it on  one site.

Remember that would be every coin and they may have had a longer listing of shit coins.


Edit:

I checked so far I found 813 billion as peak.



Even if you are correct. And we,peaked at 800 billion I think we may not get there as I think Btc peaks next spring over 20k but under 30k

Which if we get to 28k means btc total value would be close to 450 billion.

Still pretty good numbers.

This year may be like 2016 was good but not great.
And next year may be short of 2017.

It you value btc back to 2017 at 20 k and we are at 9.3k

Gear is 2x better so coins drop to 4.65k. But diff is edit 9 to 5 fold so 41k btc right now is the same as 20k btc was.

Add in the 1/2 next year and we need to be close to 82k in btc to match dec 2017.

I do not think it happens. Let me check on my 9 fold number as my memory can suck



This is better

We were are 1.4 trill in dec 2017 we are at 7.4 trill now. So devide the 7.4 by a factor of 2 you get 3.7

So a guy with an s17 finds getting a coin 3.7/1.4 = 2.6 times harder then a guy with an s9 did in dec of 2017. Per th of of hash.

So to be equal to the all time high of 20k we need to be at 52 k

In terms of a miner.  We are at 9.3 k.  Which is why I think we will not reach the heights of profit we were doing in 2017.  But I do think we get to 20-30 k before April 2020.

[martyroz2]

 But I do think we get to 20-30 k before April 2020.

Yeah, I'm not touching my BTC until after the halving.
In fact, I'm dumping alts for it as they have good run-ups.

My biggest burn is holding 20% ZEN earned from a bunch of Z9-mini. I remember throughout 2017 this alt was 0.004 BTC per ZEN.
Right now it's 0.00114 BTC @_@.

[Marvell2]

I can’t believe you guys really think btc will hit 30k , halving or not that’s crazy even so that’s only a x3  from now

[martyroz2]

I can’t believe you guys really think btc will hit 30k , halving or not that’s crazy even so that’s only a x3  from now

I think 30k is an eventuality. But it will probably take longer than April 2020. Maybe 2022.

I just can't see a cycle term shorter than 4-5 years. Dec 2017 being the peak, Mid-late 2022 should be long enough for greedy hands to forget what was and be blinded by media hype.

[adaseb]

I can’t believe you guys really think btc will hit 30k , halving or not that’s crazy even so that’s only a x3  from now

Well hitting $30K is one thing and quite easy to achieve, especially how fast BTC has advanced in the past. However holding and trading above $30K is a different story.

People say that BTC went to $20K, but it actually never hit $20K, in fact it was only above $19K for about 3 days and it was above $18K for 3 days and a few hours. It was above $17K for about 7 days. How many people do you think sold at those prices? Not many.

It seems that after $10K breaks, if it breaks then a retail FOMO rally will start and it might be a repeat of 2017.

[philipma1957]

I can’t believe you guys really think btc will hit 30k , halving or not that’s crazy even so that’s only a x3  from now

20k  would be a push  once you figure in  the ½ ing.  So to think 20k next april is not a big deal.

30k sustained would be very good if true 1 year from today.

I am pretty sure of the 20k next april

I am not so sure of the 30k sustained next June/July.

[badfad]

Where was this optimism in jan 2017 when eth was 6 $ and btc ~ 600-1k ?

[philipma1957]

Where was this optimism in jan 2017 when eth was 6 $ and btc ~ 600-1k ?

I was expanding my mining at that time.

As I believed it was under priced.

I have gone with many cycles of expansion and contraction. With some consolidation periods.

Right now Eth  is not on my radar.

I am focused on BTC and LTC  with  some grin to LTC conversion. 
Some Raven Hodl
Some BCI staked
Some Doge Hodl.

If you think of 20000 k for btc in dec of 2017 as the max

Diff was 1.4 trill
And the s-9 did 100 watts a th

now diff is  7.4 trill
and the s-17 does 40 watts a th.

so 20k to 9k  is not a true reflection of price.

20k to 42k  would mean we are at the hot ness level of dec 2017.  I don't see us going to that.

but back to 20k  by april of 2020 seems pretty certain.  as the ½ ing pressure will be there.

[Temido2222]

snip

Why are you hodling Doge? Just curious.

[philipma1957]

snip

Why are you hodling Doge? Just curious.

Simple

I mine ltc and I get free doge.

So it costs me nothing it is basically free.

So if I hold it the up side is very big with no real downside.

[adaseb]

For the first time ever while driving Cryptocurrencies were mentioned on the radio.

I drive alot and back in 2017 I would think when BTC broke $10K that they would mention it but it was never meantioned.

Then today while listening they talked about the Facebook coin and how its called Libra and how its a cryptocurrency.

So it seems that this Facebook coin can be the 2019 equivalent of the 2017 Bitcoin futures which pushed BTC close to $20K.

[molivil]

For the first time ever while driving Cryptocurrencies were mentioned on the radio.

I drive alot and back in 2017 I would think when BTC broke $10K that they would mention it but it was never meantioned.

Then today while listening they talked about the Facebook coin and how its called Libra and how its a cryptocurrency.

So it seems that this Facebook coin can be the 2019 equivalent of the 2017 Bitcoin futures which pushed BTC close to $20K.

I remember Bitcoin being mentioned several times on the radio back when BTC was around 12K to 18K. Usually in news, sometimes in talkshows. Around North Texas.

[Temido2222]

I wish the news would at least mention the existence of other cryptos besides bitcoin.

[arielbit]

For the first time ever while driving Cryptocurrencies were mentioned on the radio.

I drive alot and back in 2017 I would think when BTC broke $10K that they would mention it but it was never meantioned.

Then today while listening they talked about the Facebook coin and how its called Libra and how its a cryptocurrency.

So it seems that this Facebook coin can be the 2019 equivalent of the 2017 Bitcoin futures which pushed BTC close to $20K.

I'm still thinking of many ways to hide from people if BTC goes ape shit..normies always want to buy the top.

[Temido2222]

For the first time ever while driving Cryptocurrencies were mentioned on the radio.

I drive alot and back in 2017 I would think when BTC broke $10K that they would mention it but it was never meantioned.

Then today while listening they talked about the Facebook coin and how its called Libra and how its a cryptocurrency.

So it seems that this Facebook coin can be the 2019 equivalent of the 2017 Bitcoin futures which pushed BTC close to $20K.

I'm still thinking of many ways to hide from people if BTC goes ape shit..normies always want to buy the top.

Whenever Bitcoin's price is mentioned in the news, it's near a peak or ATH and will fall again. Normies always buy in when they hear its popular and swear off crypto when it drops. When will they learn.

[JaredKaragen]

sold a small amount of BTC to start buying lows;  sold at 9275 on the rise to the first peak of ~9340....  let's see if I was right.  I have a "panic-sell" buy order placed in the 7K range.   Kind-of a hedge.

I didn't want to transfer cash into coinbase.... every bit of crypto I have held in coinbase was gained at no expense of mine, maybe a little effort.... but for the most part, it's all something i can afford to loose....  So selling that initial amount of BTC out of the bankroll hurts;  knowing the eventual price I believe it will end up as.


In the past;  I have always had urges to sell; and ignored them (good self-control) but each urge would have netted me a LOT of profit.

Chose to obey that urge for once on 0.005;  so not an unsubstantial risk, but not substantial either. (using 10% of what I have on coinbase as liquid....)   I have paper wallets that contain unknown amounts as of this point.   I want that to be a future surprise.

contemplating selling my LTC right now....   not sure though TBH.... price could go wither way;  but I have a feeling whales are gonna try and pounce soon.

[martyroz2]

Whenever Bitcoin's price is mentioned in the news, it's near a peak or ATH and will fall again. Normies always buy in when they hear its popular and swear off crypto when it drops. When will they learn.

I told everyone I knew with a vested interest in BTC to sell on 19th December 2017. That call was based on observing critical mass in mainstream media. Specifically, a local newspaper (the printed kind) had a half-page ad for a seminar at the local lawn bowling club on; 'what is' / 'how to buy' bitcoin. I knew then that it was only down from there because we were already at the 'tech-illiterate' end of saturation. Or, 'Normies' as you say.

[dragonmike]

Reminds me of the good ol' internet boom (and burst of the bubble).
A broker I worked with told me about his own indicator: when the same story made the front page of the top three US magazines, it was time to sell it!

I don't think we're anywhere near that yet.


On another note, do you know where I can source cheap 4U GPU mining cases in the UK? All I can see out there is either Alibaba-stuff costing a fortune to ship from China or cases that cost £150+. I was hoping to be able to find stuff relatively locally for around £100...

I found a very useful pm or two I got from Willj7 a few months ago
Those Rosewill cases sure look good. Shame they don't seem to get distributed here in the UK.

[philipma1957]

Reminds me of the good ol' internet boom (and burst of the bubble).
A broker I worked with told me about his own indicator: when the same story made the front page of the top three US magazines, it was time to sell it!

I don't think we're anywhere near that yet.

BTC at 20000 in 2017   mining with an s-9  made 45 a day -  1400 watts of power

BTC at 9700 in 2019   mining with an s-9 makes 4.40 - power better yet   mining with an m20s it makes 22.34 a day - 3365 watts of power

we are simply not close to 2017

But we are back to s-9s that turn a profit at 14 cent power

[arielbit]

Reminds me of the good ol' internet boom (and burst of the bubble).
A broker I worked with told me about his own indicator: when the same story made the front page of the top three US magazines, it was time to sell it!

I don't think we're anywhere near that yet.

BTC at 20000 in 2017   mining with an s-9  made 45 a day -  1400 watts of power

BTC at 9700 in 2019   mining with an s-9 makes 4.40 - power better yet   mining with an m20s it makes 22.34 a day - 3365 watts of power

we are simply not close to 2017

But we are back to s-9s that turn a profit at 14 cent power

yup.. i think we are not near yet...but take a little profit (just a little..) to celebrate the return of bull market and treat yourselves for enduring that bear market