EPTprice is actually way stronger than expected from this dip... pretty interesting situation. wish had the time to trade this.
we might be breaking out soon, this would be pretty insanely bull... https://imgur.com/a/E3rLk
Bitcoin discussion thread - Page 49
| Forum Index > General Forum |
|
Chrono000
Korea (South)358 Posts
price is actually way stronger than expected from this dip... pretty interesting situation. wish had the time to trade this. we might be breaking out soon, this would be pretty insanely bull... https://imgur.com/a/E3rLk | ||
|
LemOn
United Kingdom8629 Posts
All that fancy speculation and shit charts graphs candles theories People just took money out for christmas hahaha 30k here we come in january | ||
|
arbiter_md
Moldova1219 Posts
On December 26 2017 16:17 Chrono000 wrote: just saying from my experience that mining is done where energy is cheap and oversupplied and if that was not the case mining would not be sustainable. just research it a bit more and u will see. price is actually way stronger than expected from this dip... pretty interesting situation. wish had the time to trade this. we might be breaking out soon, this would be pretty insanely bull... https://imgur.com/a/E3rLk Of course, how can it be sustainable to burn electricity that costs 10 cents/kwh to generate bitcoins worth 10k$. It was sustainable only when bitcoin costed 300$, while now - impossible. Please, just stop spreading misinformation. I can understand if you have hard time with logical thinking, but you can always try to find more "raw" information, readily processed. | ||
|
Hanh
146 Posts
On December 26 2017 17:31 arbiter_md wrote: Of course, how can it be sustainable to burn electricity that costs 10 cents/kwh to generate bitcoins worth 10k$. It was sustainable only when bitcoin costed 300$, while now - impossible. Please, just stop spreading misinformation. I can understand if you have hard time with logical thinking, but you can always try to find more "raw" information, readily processed. Do you know that difficulty adjusts with the hash rate, i.e. electricity usage? | ||
|
MinoMoto
Latvia107 Posts
On December 26 2017 18:19 Hanh wrote: Do you know that difficulty adjusts with the hash rate, i.e. electricity usage? I think he does know what the amount of bitcoin you can farm in a day is shared between all bitcoin miners.So then bitcoin was 300$ it doesn't mean that it was harder to mine in profit. | ||
|
ShoCkeyy
7815 Posts
On December 26 2017 04:30 LemOn wrote: Wouldn't that be a fail shockeyy? Segwit will get implemented fees slashed, if people will keep believing with the big players coming in and wide trading available anything below 100k would be a bad sign And yea it would be, but I was just making fun of some hedge fund owners who claim 40k by end 2018, and then bounced when the dip happened. I definitely see it going up to 30k pretty soon, then it just moving up once again. You also need to remember there is Lightning Network that is coming around too. | ||
|
RvB
Netherlands6261 Posts
| ||
|
LemOn
United Kingdom8629 Posts
Or it will fall behind and tank Thats in the long term horizon which in this space is just years | ||
|
ShoCkeyy
7815 Posts
| ||
|
A3th3r
United States319 Posts
| ||
|
evilfatsh1t
Australia8789 Posts
On January 02 2018 07:02 A3th3r wrote: bitcoin is gadgety nonsense that makes no sense. I'm warning you guys right now that the whole bitcoin thing reminds me EXACTLY of the buildup to the real estate stock market crash that happened in 2008. Same situation, just a few years later on. When bitcoin tanks, you guys will thank me! not that im familiar with what real estate is like in usa, but how could this situation possibly be the same as the other markets in usa. real estate in particular is specific to your country and a simultaneous crash of the stock market is more indicative of a depressing economy in general. i dont think bitcoin is a particularly "legit" as an investment option but its situation is not like any other standard market. | ||
KwarK
United States43474 Posts
The worst part is that when bitcoin does inevitably suffer some kind of crash he'll somehow feel vindicated. Hell, he probably also predicts sunny days and then brags when July rolls around. | ||
|
IgnE
United States7681 Posts
| ||
|
Epishade
United States2267 Posts
On January 02 2018 14:15 IgnE wrote: sorry kwark, youre wrong on this one. fannie and freddie are giving out a bunch of subprime bitcoins and its causing the market to spiral out of control. pretty soon people won't be able to afford the electricity payments and bitcoin will crumble. I hope not! How will I repay my mortgages and loans I took out to purchase bitcoin if it crumbles! | ||
|
ragnasaur
United States804 Posts
| ||
|
pmh
1399 Posts
There are not many places irl where you can spend bitcoins,even more so when it comes to products that criminals typically like to purchase. The coin is just a way for them to do the transaction,it is their usercase and it is kinda the only user case. There is also the investor case where you use the coin as an investment vehicle that you can use to invest money in a (for now) growing market and with a hard capped supply. This can be interesting for some people for some times,but it wont last forever. At some point the coin will balance out and then the investor case kinda disappears and only the user case is left. And when the coin starts to fall the usercase could be gone as well,because who will accept currency that will be worth less tomorrow? The user case needs a stable or a rising coin to be sustainable,the investor case needs a rising coin and the speculator case needs a volatile coin. Now looks like a good time for speculators,they have a strong case as the coin is very volatile. Very curious how btc will end up in 10 years from now but I strongly doubt it will ever come being close to official currency. There is just to much power and value in the control of currencies,not only for those who hold the control but also for society as a whole. Just imagine how capitalism in the usa would have looked If it would have been based on btc since 1800 lol, you would be back at least 100 years in time. I dunno,just some random thoughts. | ||
|
iopq
United States1036 Posts
On December 17 2017 20:48 LemOn wrote: I find it funny how Bitcoin dominates the news with its measly couple hundreds bn marketcap But every single US stock index shows clear signs that a big correction is coming , and those are worth trillions and will have huge impacts on everyome. The question is what happens to Bitcoin when stock markets collapse - is it going to go down with them Or will it actually have a positive effect ? The correction's been coming since 2012. You bears predicted 9 out of the last 5 recessions. | ||
|
LemOn
United Kingdom8629 Posts
When your Indexes go up by 20% year after year and credit is super cheap they inevitably will go down at some point People have gone down shorting way too early though, I don't have a clue when the correction's coming, might take up to 2 maybe even 3 years? | ||
|
DarkSpearTriant
6 Posts
| ||
|
IgnE
United States7681 Posts
On January 09 2018 11:48 DarkSpearTriant wrote: there's too many alternate CCs now. Everyone is trying to cash in by creating their own coin and this is what will lead to a massive bubble. Idiots trying to get rich quick instead of thru smart long term investing. How do you invest smartly for the long term? | ||
| ||
