Bitcoin price suddenly surges to 3-year high

[dcf-joe]

Well, if you gave them that info you deserve to be jacked over. Why would ANYONE do that?

You're right.

I guess I joined the "party" a little too late and because of all of the US gov compliance stuff, the app required all of that stuff before it allowed me to buy some coins.

I guess I'll just have to keep a close eye on stuff and maybe purchase some kind of identity theft protection service. Such is life for me.

 

[lexluthermiester]

Even if it goes down to pre-2021 levels it will still be worth mining. People have been mining this whole time since 2017 actually, obviously it wasn't as profitable but still doable.

Doable yes, profitable? Dubious, very dubious..

 

[sepheronx]

What are the chances that apps like crypto.com that got all of these SSNs, drivers licenses, birth dates, addresses, are going to take that info and run to the black market with it?

Very little. They have various agreements signed with institutions such as VISA

 

[lexluthermiester]

You're right.

I guess I joined the "party" a little too late and because of all of the US gov compliance stuff, the app required all of that stuff before it allowed me to buy some coins.

I guess I'll just have to keep a close eye on stuff and maybe purchase some kind of identity theft protection service. Such is life for me.

There is one simple rule to follow about giving out your personal info: DON'T. Unless it's a government, an employer or a financial institution(cryptocoin markets do NOT count), you don't give that info to ANYONE, full stop, end of story.

 

[64K]

So this is one of those anecdotal signs of a crash.

My trading programs are all lagged to hell. Rest of the internet is fine.

coindesk and some other crypto news sites keep crashing. Server overload. Investors are fearful and they are looking for answers.

 

[Zyll Goliat]

Even if it goes down to pre-2021 levels it will still be worth mining. People have been mining this whole time since 2017 actually, obviously it wasn't as profitable but still doable.

Maybe but only IF you paid for those GPU's pre-2021 when prices was "normal" OR IF you paid for those GPU's in Crypto......

 

[RandallFlagg]

coindesk and some other crypto news sites keep crashing. Server overload. Investors are fearful and they are looking for answers.

I'm actually talking about normal trading programs, Active Trader Pro and my broker's website (which is a very large financial co). They seem to be ok now, but were very slow from 8:30-8:45 AM CST.

Crypto isn't the only thing getting hit hard today. And the decline slowed in all of the markets, including crypto, at the same time. Herd behavior in action.

 

[64K]

My physical gold is up. That tells the story about what is real money.

 

[lexluthermiester]

Crypto isn't the only thing getting hit hard today.

I just checked, and yes it is. Other markets are fine. Stock market trading is normal, even if down a little bit. Nothing like the current cryptocoin crash...

My physical gold is up. That tells the story about what is real money.

I was about to mention that commodities are actually up by a good measure.

The rest of the world is fine. Cryptocoin is alone in it's crash.

 

[dragontamer5788]

I just checked, and yes it is. Other markets are fine. Stock market trading is normal, even if down a little bit. Nothing like the current cryptocoin crash...


I was about to mention that commodities are actually up by a good measure.

The rest of the world is fine. Cryptocoin is alone in it's crash.

One more important market: 10-year Treasury Yields (highly indicative of the bond market) is up 3 basis points (0.03%) right now.

Aka: normal day. Commodities and Treasury are usually inverted (inflation-fears cause Treasury to drop and commodities to go up). But nothing in the bond market seems out of the ordinary.

 

[lexluthermiester]

One more important market: 10-year Treasury Yields (highly indicative of the bond market) is up 3 basis points (0.03%) right now.

Aka: normal day. Commodities and Treasury are usually inverted (inflation-fears cause Treasury to drop and commodities to go up). But nothing in the bond market seems out of the ordinary.

Yeah, agreed. Seems like a normal day in every other market.

 

[Vya Domus]

My physical gold is up. That tells the story about what is real money.

You're gold is not really "money" though. It's a store of value, BTC is not really thought of as an actual currency either but also as a store of value, with a lot more room for growth hence the interest in it.

Over the last 10 years gold hasn't really grown that much and dipped quite badly in between. I see many faults in crypto but I'm not really impressed with precious metals either.

 

[phill]

Eth might have crashed hard, but the most amusing thing to me is now, because of the massive influx of transactions, the block reward is flying high and it's allowing miners to still have a decent amount of profitability That's a bit of a win to be honest. Doesn't matter on what the price of the coin is unless your withdrawing and why would you do it now?

Only if you sold at 4400 and then bought at back at 1900 the lowest I think it was, would you do that, you'd have just doubled your coin and some and be in a better situation when it goes north again... It's all a positive in that regard!
My mate never sold which is what he wanted to do, I would have but it makes no never mind for us simply because its for the long term game Long term in crypto land is like a few days or a week at best

Try and not get too hung up with arguments guys, world doesn't evolve around crypto and such, more important things out there Grab a pint or a cuppa Well, unless it's before 11am and your at work, so probably best for the cuppa!!

 

[64K]

You're gold is not really "money" though. It's a store of value, BTC is not really thought of as an actual currency either but also as a store of value, with a lot more room for growth hence the interest in it.

Over the last 10 years gold hasn't really grown that much and dipped quite badly in between. I see many faults in crypto but I'm not really impressed with precious metals either.

I don't look to my gold as an investment for growth . I don't care if it grows in value. That is what my mutual funds are for. Generally when I get into a discussion with a crypto-bug the subject of fiat and banks going to hell is what they think makes crypto attractive but it's just another fiat. My gold is what I keep a little of in case that happens.

Physical gold and things that can be bartered for food and necessities will be the only real money if things do go to hell just like they always have been for thousands of years.

 

[Vya Domus]

Physical gold and things that can be bartered for food and necessities will be the only real money if things do go to hell just like they always have been for thousands of years.

I really, really doubt that if things get that bad people will give a damn about gold when they're starving. The value of gold goes up with the level of technological advancement of a civilization not the other way around.

 

[lexluthermiester]

Physical gold and things that can be bartered for food and necessities will be the only real money if things do go to hell just like they always have been for thousands of years.

This, yes.

 

[Chomiq]

Elon is to busy sleeping, otherwise he probably would have tweeted some Doge to the moon troll crap LMAO ya snooze ya lose.

The guy's on adderall most of the time, you think he sleeps at the time like this? He probably cashed out weeks ago before they announced that Tesla won't be accepting BTC anymore.

 

[Zach_01]

my philosophy crap that no one ever listens to me on. @Zach_01 LOL

Care to elaborate?
Did you hope, or just waited for a crypto dip just to comment about what?

Our disagreement, if you can call it that, was not about if crypto would dip or crash or grow. It was about you wondering in crypto related topics preaching about morals and greed, and sticking tags about how much can make people happy.

So what was the point of the above loud laughter because I don’t see one.

 

[sepheronx]

Eth might have crashed hard, but the most amusing thing to me is now, because of the massive influx of transactions, the block reward is flying high and it's allowing miners to still have a decent amount of profitability That's a bit of a win to be honest. Doesn't matter on what the price of the coin is unless your withdrawing and why would you do it now?

Only if you sold at 4400 and then bought at back at 1900 the lowest I think it was, would you do that, you'd have just doubled your coin and some and be in a better situation when it goes north again... It's all a positive in that regard!
My mate never sold which is what he wanted to do, I would have but it makes no never mind for us simply because its for the long term game Long term in crypto land is like a few days or a week at best

Try and not get too hung up with arguments guys, world doesn't evolve around crypto and such, more important things out there Grab a pint or a cuppa Well, unless it's before 11am and your at work, so probably best for the cuppa!!

I would say so

 

[phill]

I would say so
View attachment 200928

It'll only go up from this point I think For the moment mine all you can, the block reward/transactions will drop and it'll take a little longer to get to that next payout (depending on what you use) but either way, if your putting more energy into it and getting less return than you want to, then it's time to stop, if not keep on going

 

[RandallFlagg]

Yeah, agreed. Seems like a normal day in every other market.

I don't really care to argue with the herd, but this is not a normal day in the markets. I think that is what you want it to be, nothing to see here, move along right?

Stock markets are not as volatile as something like Crypto which has no real value, will never go to zero unless we have armageddon. But this is not normal.

But I think it is going to be normal for some time.

 

[lexluthermiester]

I think that is what you want it to be, nothing to see here, move along right?

Yup.

Stock markets are not as volatile as something like Crypto which has no real value, will never go to zero unless we have armageddon. But this is not normal.

Are you kidding with that? Um, you need to look at trends. This is nothing-sauce.

 

[ZenZimZaliben]

I picked up more this morning. Right now ETH is 61% buyers.

 

[trog100]

bitcoin is back up over 40K that didnt take long did it.. he he

trog

 

[phill]

Did you grab some Eth too @trog100 when it hit 1900?? lol