Official Cryptocurrency Trading Thread

[pheoxs]

NASA: We're going back to the moon next year.

BTC: We go moon now?

[Brent.ff]

lol my $98CAD of ethereum from 2018 is worth ~$400 USD.... let that thing float forever

[spike98]

Mining is profitable again, time to dust off the rigs! $0.70/day profit here we come!

[pheoxs]

Time to bump again. Crypto broke 60kUSD today, just shy of it's ATH at 66k.

Up 7% today, 20% on the week, and 45% on the month, and 156% over the last year. The bubble is back baby.

[Brent.ff]

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lol my $98CAD of ethereum from 2018 is worth ~$400 USD.... let that thing float forever

Now $700..
Had we all known..

[pheoxs]

Not sure if this should be in the electricity thread or crypto thread.

Alberta Utilities Commission fines another unlicensed power generator mining bitcoin (msn.com)

Company fined for running an illegal power generator to power a bitcoin farm. The third time different companies have been fined for similar things in the past year.

Is there really such a big market for black market crypto farms here in AB? Is it just because of the cheap natural gas?

[ExtraSlow]

The cheap/free gas is a big attraction.

[killramos]

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The cheap/free gas is a big attraction.

Or more likely expensive tie in costs for oil wells.

[ExtraSlow]

that's the other side of the same coin, but yeah.

[pheoxs]

Didn’t we have a thread on here someone wanted to set up their own well tie in to a generator or something?

[ExtraSlow]

yep. There is a legal way to do it. I don't remember which way the beyond guy was going, or if he really did.

[ThePenIsMightier]

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Didn’t we have a thread on here someone wanted to set up their own well tie in to a generator or something?

Twas @themack89

[vengie]

Amen brother.

[ExtraSlow]

Crypto ETF's. You guys have thoughts?

[killramos]

All of the volatility and questionable valuation with none of the anonymity.

Whats not to like

[ExtraSlow]

I think crypto can now be considered a viable asset class. So you could treat it like pork bellies or oil or something and have it as a reasonable part of a portfolio.

Maybe.

[killramos]

I think you are using the term asset extremely loosely

[ThePenIsMightier]

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Crypto ETF's. You guys have thoughts?

[ExtraSlow]

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I think you are using the term asset extremely loosely

Well, I think the term has been watered down to that level.

[killramos]

I’d say crypto is a derivative. At best.