Cryptocoin Value and Market Trend Discussion

[trog100]

bitcoin and eth seem to be decoupling from the stock markets.. bitcoin up near 38K with eth at 2.8K.. eth is up 8% on the day.. interesting if it continues..

trog

ps.. yep.. definitely a decouple going on.. bitcoin and eth are on the rise..

ps.. 2 some of the facebook money moving into crypto maybe.. ?

 

[trog100]

saturday morning with bitcoin up at 41K and eth at 3K... something interesting is going on..

trog

 

[LFaWolf]

BTC is now over $44k and ETH over $3.1k. Question for the miners out there - did mining profit fluctuate a lot when BTC was down to $33k and now on the uptrend?

 

[trog100]

BTC is now over $44k and ETH over $3.1k. Question for the miners out there - did mining profit fluctuate a lot when BTC was down to $33k and now on the uptrend?

eth mining profits dropped right off but are now on the up-tick again.. nowhere near back to where they were though..

gpu prices have been dropping..

trog

 

[toilet pepper]

BTC is now over $44k and ETH over $3.1k. Question for the miners out there - did mining profit fluctuate a lot when BTC was down to $33k and now on the uptrend?

I only have 2 cards that are mining. They already paid themselves several times over last year. I think the profit flactuating is mostly with Nicehash. I've been mining the same amount of coins for the past few weeks and the main difference is if I would cash out at a loss or not. At thins point I'm just keeping the coins and eating the power cost.

 

[LFaWolf]

I only have 2 cards that are mining. They already paid themselves several times over last year. I think the profit flactuating is mostly with Nicehash. I've been mining the same amount of coins for the past few weeks and the main difference is if I would cash out at a loss or not. At thins point I'm just keeping the coins and eating the power cost.

Keep them. Long term, crypto will be up.

 

[KLiKzg]

I only have 2 cards that are mining. They already paid themselves several times over last year. I think the profit flactuating is mostly with Nicehash. I've been mining the same amount of coins for the past few weeks and the main difference is if I would cash out at a loss or not. At thins point I'm just keeping the coins and eating the power cost.

Exactly. The market has tendency to go up...so any coin mined today, will be 1,5~2 by the ETY.

So keep on mining...

 

[trog100]

nothing much happening in the crypto markets.. bitcoin hovering just over 44K with eth at 3.1K.. sideways it seems to be..

trog

 

[Asylum]

Decentraland is a great investment at this time and has great potential to explode in the near future.

JPMorgan has just made a big investment, see the write up below.

https://blockworks.co/jpmorgan-enters-the-metaverse-with-virtual-decentraland-lounge/

https://www.coinbase.com/price/decentraland

 

[Bomby569]

Now with sanctions, i wonder if crypto doesn't become the way Russia use to go aroung it.

 

[cvaldes]

Now with sanctions, i wonder if crypto doesn't become the way Russia use to go aroung it.

The New York Times published an article about this today:

Russia Could Use Cryptocurrency to Blunt the Force of U.S. Sanctions (Published 2022)

Russian companies have many cryptocurrency tools at their disposal to evade sanctions, including a so-called digital ruble and ransomware.

www.nytimes.com

Yes, it is assumed that Russia has had a chance to study this for some time.

Putin isn't a naive hillbilly invading his neighbor's farm with a pitchfork. He's a little savvier than that. For sure he knew that the West would ramp up sanctions if Russia commenced military action. Remember that he was KGB.

As we have covered before cryptocurrencies aren't immune from macro economic forces. They aren't self-contained bubbles.

 

[Bomby569]

The New York Times published an article about this today:

Russia Could Use Cryptocurrency to Blunt the Force of U.S. Sanctions (Published 2022)

Russian companies have many cryptocurrency tools at their disposal to evade sanctions, including a so-called digital ruble and ransomware.

www.nytimes.com

Yes, it is assumed that Russia has had a chance to study this for some time.

Putin isn't a naive hillbilly invading his neighbor's farm with a pitchfork. He's a little savvier than that. For sure he knew that the West would ramp up sanctions if Russia commenced military action. Remember that he was KGB.

As we have covered before cryptocurrencies aren't immune from macro economic forces. They aren't self-contained bubbles.

thanks but i can't read, asks me to log in

can you do a TLDR so i don't have to create an acc please

 

[cvaldes]

My 15 second summary of the NYT article:

Russia has multiple tools to use cryptos: digital ruble, ransomware attacks to increase their funds, Hydra. There is precedence as both Iran and North Korea have used cryptos to circumvent some sanctions placed on those two countries.

That's all the time I'm willing to give up to regurgitate this article. I did not have to log in to the NY Times website to read the entire thing and I am not a paid subscriber (I've had a free account for 20+ years). If you want to read it, make an account.

Over the next few days one should expect to see similar news articles pop up on a variety of news sites. I don't know if the NYT article is the first but it certainly won't be the last. Naturally some of these articles will be behind paywalls but others will be free to read.

 

[trog100]

bitcoin and eth are showing a bit of a recovery now at just over 38K.. gold is well up.. times are very uncertain..

trog

 

[Bomby569]

bitcoin and eth are showing a bit of a recovery now at just over 38K.. gold is well up.. times are very uncertain..

trog

i trully believe crypto is coming ahead with this war, and i'm not even a crypto believer as you can see by my past posts. But i'm pragmatic. This can be the push for the 100k everyone was expecting

 

[Bomby569]

The Russians are all buying bitcoin right now

 

[ppn]

It has been doing the same thing over and over again. on 22-26-th every month start to grow until 10-15 next month when it plummets, only the strength of this motion changes, sometimes it keeps dropping, this is the risk of the game. they see a dip, they buy the dip. you can almost play it safe and exploit this to make insane profits, 50% every month, 1000% every year, so the only thing keeping it alive is this self fulfilling prophecy, and the fact that some of the players are using their profits to buy and sell to them selves since they own 50% of all transactions and is anonymous using their multiple brokers for no loss to prop this thing up, so those russians are in for a big surprise if it goes the wrong direction, which it will.

 

[Bomby569]

It has been doing the same thing over and over again. on 22-26-th every month start to grow until 10-15 next month when it plummets, only the strength of this motion changes, sometimes it keeps dropping, this is the risk of the game. they see a dip, they buy the dip. you can almost play it safe and exploit this to make insane profits, 50% every month, 1000% every year, so the only thing keeping it alive is this self fulfilling prophecy, and the fact that some of the players are using their profits to buy and sell to them selves since they own 50% of all transactions and is anonymous using their multiple brokers for no loss to prop this thing up, so those russians are in for a big surprise if it goes the wrong direction, which it will.

i've actually been doing that myself from some time, buy sell, buy sell, up 17% with not a single loss

But i would bet the Russian thing will be one that gets bitcoin to 100, i would be very surprised if i'm wrong. Ruble is shit, they can't use banking system, it's the next best thing. Or not, i'm actually bad with money.

 

[trog100]

Bitcoin now up over 41K with eth at 2.8K... where it goes now is anybodies guess.. my guess is up.. he he..

the russian ruble is down 30%.. things like this make a strong case for owning bitcoin..

ps.. later in the day bitcoin now at 43K (15% on the day) with eth at 2.9K.. up definitely seems to be the way..

tuesday morning.. the stock markets are down.. bitcoin and gold are up.. bitcoin near 45K and still seems to be in an upwards trend.. crypto has 100% decoupled from the stock markets..

trog

 

[Mescalamba]

Kinda awful way for true adoption, but it always seemed that for world to move bit more towards crypto, something drastic has to happen.

Hope it won't end in WW3, that would make it bit pointless.

 

[Bomby569]

russian money now is going the Venezuelan way, toilet paper. Someone that exchanged it all for bitcoin (i know lots of other coins, but lets face it, come on) can be a rich man in Russia.

 

[trog100]

trying to wage economic warfare on russia could well backfire and f-ck up the entire worlds monetary system.. its a shame the people in charge are too dumb to know this..

there is only one answer to this.. listen to russias security concerns and agree to limit the expansion of nato into Ukraine (keep it out) and be done with it.. the expansion of nato onto russias doorstep is what its all about..

whats going on at the moment does seem to be benefiting bitcoin and is a good example of what bitcoin is all about.. real money without government meddling..

trog

 

[Bomby569]

trying to wage economic warfare on russia could well backfire and f-ck up the entire worlds monetary system.. its a shame the people in charge are too dumb to know this..

there is only one answer to this.. listen to russias security concerns and agree to limit the expansion of nato into Ukraine (keep it out) and be done with it.. the expansion of nato onto russias doorstep is what its all about..

whats going on at the moment does seem to be benefiting bitcoin and is a good example of what bitcoin is all about.. real money without government meddling..

trog

They should have done that before the invasion, this would all have been avoided and we all would be much better. But egos star wars. One side side now for stupid pride, the other went to war for stupid pride for having heard the no. That will never change.

The more chaos the better for crypto that's for sure, at least it doesn't depend of old stupid man and their prides and nonsense.

 

[LFaWolf]

trying to wage economic warfare on russia could well backfire and f-ck up the entire worlds monetary system.. its a shame the people in charge are too dumb to know this..

there is only one answer to this.. listen to russias security concerns and agree to limit the expansion of nato into Ukraine (keep it out) and be done with it.. the expansion of nato onto russias doorstep is what its all about..

whats going on at the moment does seem to be benefiting bitcoin and is a good example of what bitcoin is all about.. real money without government meddling..

trog

Ukraine is nowhere near joing the NATO. NATO has rejected its application several times. Ukraine couldn't even join EU. Besides, it is a sovereign state. It is allowed to do anything it wants to. Otherwise, your neighbor could come over and tell you, he would come into your house and destroy your mining equipment because mining threatens his environment...

Don't watch Russian's propaganda. It is not good for your health.

 

[Bomby569]

Ups and downs as usual but Bitcoin seems to be holding at near 40K€ (i don't use the freedom money)