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I work with a guy who is putting all the money he has into bit coin. He says it can't go down because it's going to get harder to mine in May or something like that.
It's hard to talk to him about it because, but he is fully committed.
I kind of want to get a few hundred dollars worth though. I gamble now and then.
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I didnt want to post a T/A chart here until I spent some time (months) looking at the concept and results - I've always been more keen on long term T/A (as opposed to short term, which is generally just noise). The idea is to find order on a longer time scale.
The BTC digital scarcity in relation to price, can be modeled on a chart (same as Gold).
I dont claim to understand the math on this, but they have 'fit' this chart back test (always dubious at first).
The big test will be towards the later half of this year when it predicts a rise to about 40,000 USD per BTC by the end of 2020. We should be seeing more movement upwards by summer though.
https://digitalik.net/btc/
Either way, HODLing is the key here - the founders of BTC intended for it to be a STORE of value (not as an exchange method) and this is what they have done.
» Click image for larger version
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Better question is who is shorting this.
I feel shorting is so much more exciting then just holding.
My random prediction - $10,900 - $11,400 and down to $5ks.. Or $10,600 if its really bearish...
Also an added note Fuck the USD and BTC is the future. I really love BTC though.
*Not financial advice I just find this enjoyable and to many people bullish again.
Sentiment is huge though I've learned and I think it's why stocks keep going up. (That and the fucken FED)
Originally Posted by arcticcat522
This quote is hidden because you are ignoring this member. Show QuoteI work with a guy who is putting all the money he has into bit coin. He says it can't go down because it's going to get harder to mine in May or something like that.
It's hard to talk to him about it because
I kind of want to get a few hundred dollars worth though. I gamble now and then.
Friend has a mining farm in Manitoba they spent about $100,000 on it he says it costs around $8,200-$8,400 to mine right now but with all the new machines on the markets bitmain is just crushing, must cost millions to update mining devices I never did consider that.
Originally posted by beemerm3
so if we only seen 5 % of the oceans why not drain them or somethin lol or can u even transfer water from one ocean to another??? think of all the stuff u'd findtreasures n eerything.
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It's always been that way. The mining difficulty just keeps rising. If you throw numbers in with the hashrate vs cost of a ASIC it looks hella profitable. But if you consider that every single day you make slightly less coins and actually look at the area under the cover ... most miners you barely recover your initial investment after electricity is factored in once you factor in the lead time and shipping and such.This quote is hidden because you are ignoring this member. Show Quote
The only people that make bank are bitmain who keep selling all the miners and the ones that get the next generation of miners right away
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Holy crap, ALL the cryptocoins took a 50% bath the last month or so.
This has got to be the best time to buy since, last time this happened!
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Last time I bought crypto, the key with all the keys "died by accident." The currency still seems like the Wild West right now.
Ultracrepidarian
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Just now?This quote is hidden because you are ignoring this member. Show Quote
This quote is hidden because you are ignoring this member. Show Quote
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I think it's likely a reference to the Quadriga guy who stole everyone's money and faked his death in India.This quote is hidden because you are ignoring this member. Show Quote
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Never, ever trust exchanges for anything but transactions. If you have not learned by now that your own storage is best (combined with offline paper backups).... its caveat emptor.
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Having said 'buy BTC' - seeing the price pattern in play at the moment, I would give it a couple of days for the bottom to appear. I think we are a few days away from a drop down further.
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If it gets to the 3,XXX range I'm gonna jump on some for sure. Maybe in the 4's but not sure.This quote is hidden because you are ignoring this member. Show Quote
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Im quite surprised how well coupled BTC is with the money markets.
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So is there any point throwing some money at Bitcoin or Ripple right now and seeing what happens to it? I don't know shit about this as is evident but my friend is starting up right now with someone experienced guiding her, she asked if I want to through some seed money into her experiment and see where it goes.
Worth it?
Originally posted by SJW
Once again another useless post by JRSCOOLDUDE.
Originally posted by snowcat
Don't let the e-thugs and faggots get to you when they quote your posts and write stupid shit.^^ Fact CheckedOriginally posted by JRSC00LUDE
I say stupid shit all the time.
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If you wanna buy some and gamble on your own, sure. However reading "someone experience guiding her" sounds like a scam and I'd run the fuck away.This quote is hidden because you are ignoring this member. Show Quote
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Let me worry about the credentials of the people doing it, I'm just more interested in is this still a thing with a future or worth gambling a bit of seed money on for something to do?This quote is hidden because you are ignoring this member. Show Quote
Originally posted by SJW
Once again another useless post by JRSCOOLDUDE.
Originally posted by snowcat
Don't let the e-thugs and faggots get to you when they quote your posts and write stupid shit.^^ Fact CheckedOriginally posted by JRSC00LUDE
I say stupid shit all the time.
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Online poker seems like a better use of money
Ultracrepidarian
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<3 Online poker right now is the best thing that happened since Moneymaker won the WSOP Main event.This quote is hidden because you are ignoring this member. Show Quote
I'm now counting in CERB cheques I've won not Bottles of wine.
Please do not play online poker guys, you fucken suck, go invest that money into ANYTHING your ROI will be better 99% of the time but if someone is stupid and wants to play from here though I'm willing to give action though.
Originally posted by beemerm3
so if we only seen 5 % of the oceans why not drain them or somethin lol or can u even transfer water from one ocean to another??? think of all the stuff u'd find
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Put your cash into some coins that a) have privacy by default and b) can be made quantum resistant (or already are).This quote is hidden because you are ignoring this member. Show Quote
Coins like DASH would definitely fall into that category. Even more obscure, secure Quantum-resistant coins like QRL (which has great support but zero marketing) are absolute bargains at the moment.
Now is the time to get in - no one is talking about crypto at the moment. I was hoping for a BTC dump again, but that did not materialize.
- - - Updated - - -
Online poker did not get me 10,000x ROI.This quote is hidden because you are ignoring this member. Show Quote
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10,000x ROI! Well done. You've done better 99.99% of people who have invested in Crypto.
Ultracrepidarian
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It's why people lose money in poker as well, they remember the 1 time they had 10,000 ROI in some tournament they won and expect it to be consistent.This quote is hidden because you are ignoring this member. Show Quote
Doesn't work like that, nor does it work like that in Cryptos. avg good trader has like 5-9% ROI
Poker, can be all over the place if you only play 1 game or if you only make 1 trade...
Originally posted by beemerm3
so if we only seen 5 % of the oceans why not drain them or somethin lol or can u even transfer water from one ocean to another??? think of all the stuff u'd find
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