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The State of Cryptocurrency

gee i wish i had a phone then i could buy things.. :)

trog
 
The excessive electricity consumption had previously been reported to the headmaster, Lei Hua, but he reportedly dismissed it as being caused by air conditioners and heating devices.
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Heating devices. Heh. He's not wrong... but my feeling is they were probably running air conditioning to fight the mining heat... lol. Still, technically the truth. I mean, it is.

But I wouldn't let an air conditioner and heater duke it out and claim it was well used electric either...
 
Truth be told, in addition to getting a little something for it, my 1070s do help keep me warm...
 
UTXOs are on the rise... I won't go into what that means. Google it. But the short version is that the indicator preceded both of the huge bull markets for BTC. On top of that, BTC is at a year low... Gamblers might do well to take a look at buying today.
 
moproblems99 said:
Did you?
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I took a small, conservative position, yes. The first I've taken since mid-year. And doubled down last night when it hit 4500. I've said many times in this section, I'm not much of a gambler, so I'm not going to stake my life savings on it or anything. But I've made a tidy profit, being decent at reading the signs. We will see. I imagine this is the last chance for BTC, honestly. And I'm under no pretense that speculative bidding on BTC at this time is anything more than gambling, as I said.
 
R-T-B said:
That's because for payments, better crypto-currencies have existed now for quite a bit.
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And with much higher adoption for altcoins among exchanges like Coinbase, bitcoin as a transfer method is no longer essential.
 
Papahyooie said:
And with much higher adoption for altcoins among exchanges like Coinbase, bitcoin as a transfer method is no longer essential.
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I think someone is still buying, the price might be lower but Someone Is buying, the article ford listed notes institutions recognise it may require more work, some of them have money invested ,lots, is it just the sceptic in me that sees smokescreen like bs. To manipulate the price lower before a hike.
 
I have seen reports as low as $1500 expected but I am guessing that is merely to fuel the sell off. I haven't set my point of buy-in yet because, truthfully, I am not sure if I see a surge in the future. Near future anyway.

*edited for some crappy spelling.
 
theoneandonlymrk said:
To manipulate the price lower before a hike.
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But who is going to buy billions worth of BTC?


Edit: Something strange happened on the 14th:
1w.png

1m.png


BTC fell $600 or almost 10% in a matter of minutes. That's ~$10 billion gone. Then there's that awkward trickle of sales that started on the 19th leading to the bleeding of an additional ~$20 billion in two days.


Edit: Tried to find any information about that transaction(s) and I'm finding nothing.
 
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FordGT90Concept said:
But who is going to buy billions worth of BTC?


Edit: Something strange happened on the 14th:
1w.png

1m.png


BTC fell $600 or almost 10% in a matter of minutes. That's ~$10 billion gone. Then there's that awkward trickle of sales that started on the 19th leading to the bleeding of an additional ~$20 billion in two days.


Edit: Tried to find any information about that transaction(s) and I'm finding nothing.
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I dunno but if you want to sell you can because someone is buying, it's a concern but i only have £50 risked so not a big concern.
 
i have about 1/3 of a bitcoin.. 10 eth.. 25 litecoin 25 neo.. and about a thousand cardano.. at one point they were worth about 18000 us dollars they are around 3000.. now.. he he..

i shall just hang on to them and see what happens..

trog
 
Oh I made the decision a long time ago that I was going to sell it when it was worth it or watch it turn to 0. It's not a big enough investment to care. Not that I like to lose $2000 every day but I learned a lot and had some fun along the way so it wasn't a complete waste.
 
trog100 said:
i have about 1/3 of a bitcoin.. 10 eth.. 25 litecoin 25 neo.. and about a thousand cardano.. at one point they were worth about 18000 us dollars they are around 3000.. now.. he he..

i shall just hang on to them and see what happens..

trog
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yep, there is no point in selling for only 3 grand, might as well keep them long term and if it hits 0, no big deal. still worth it for the long game.


I was wrong about monero coin, I thought for sure it was going to double/triple in price only 4-6 weeks ago, I was right in that it rose a little bit shortly after my prediction, but not its like 60% of value in short period of time. I am actually still considering buying some, as the entire underground is still using it as the go to currency... it is definitely the black market currency of choice, and imo that gives it value. i don't condone the activities of the black markets, however, it doesn't mean i can't profit off of monero by playing it like wall street plays the stock market. I do believe Monero will rise again as it becomes the currency of choice in vast majority of underground sites.
 
lynx29 said:
I was wrong about monero coin, I thought for sure it was going to double/triple in price only 4-6 weeks ago, I was right in that it rose a little bit shortly after my prediction, but not its like 60% of value in short period of time. I am actually still considering buying some, as the entire underground is still using it as the go to currency... it is definitely the black market currency of choice, and imo that gives it value. i don't condone the activities of the black markets, however, it doesn't mean i can't profit off of monero by playing it like wall street plays the stock market. I do believe Monero will rise again as it becomes the currency of choice in vast majority of underground sites.
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Good Luck. If there is anything you should have learned from this thread is that you can't predict it with the exception of when it hits mainstream and the collapse after.
 
moproblems99 said:
Good Luck. If there is anything you should have learned from this thread is that you can't predict it with the exception of when it hits mainstream and the collapse after.
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Well I actually never invested any money yet. lol I just like to play it like a game, I was right about 80% of the time on both crypto and wall street stocks (that I fake play as well sometimes). Shame I didn't become a broker, I have a good hunch the majority of the time, and that is how them fancy wall street boys make money basically.
 
I didn't know you had to become a broker to play...
 
moproblems99 said:
I didn't know you had to become a broker to play...
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A diverse portfolio is always the key. I'm saying I could have made a living out if it if I had studied it more... not saying it's for everyone...but sure...
 
well, let's take a look at RED state of current situation.
What do you think?
 
$3720...

Edit: $3650...
 
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