Cryptocurrency
- Thread starter Playboi Carti
- Start date
Only because the "investors" still don't realize that you literally can't use BTC for anything practical. It has no real value.
+50% in one week. History will repeat itself
If you look at my past posts I preach this over and over about using it for real currency.
I was just stating that you're gonna start seeing Bitcoin everywhere again. I think it'll probably peak at the end of the summer again. There's gonna be a day where it gets stupid and it will come back to reality again.
Oh I know, I wasn't going after you personally. Swear to God if PC part prices skyrocket again because of this bulls***...
Not sure what is going on lately, but amazing. I dollar-cost-averaged $500 a month starting back in 2017 and was seriously underwater by about 40%-50% throughout 2018. But with this run-up, my portfolio is up 90% today. Time to sell off a portion and lock in a decent return, then let the rest ride.
I'm sure there's a lot of pressure to keep it that way, as widespread, easy use of a legitimate option to bulk-printed paper (which only has value because they say it does) will not be suffered to exist.
Oh I know, I wasn't going after you personally. Swear to God if PC part prices skyrocket again because of this bulls***...
In the past have part prices increased in general with bitcoin price increases. Or is it mostly limited to premium type PC parts? I’m just curious. Theoretically, I think it would make sense that the hash rate halving next year would put some of the current hashing out of business, but if the price just doubles, maybe it wouldn’t.
Oh I know, I wasn't going after you personally. Swear to God if PC part prices skyrocket again because of this bulls***...
I doubt if you see an uptick in mining again, but ya never know with this stuff.
That is my plan. I understood when I put this in, there was a good chance I was going to lose all of it. I'm up 60% right now. If it hits 100%, I'm going to take half and try to forget about the rest for awhile.
There was a notable relationship last time around with this. The issue mainly surrounded normal GPUs being used for coin mining, although it seems a big chunk of that is going away in favor of custom ASICs.
For a while there, it was actually more economical to buy complete gaming PCs in-box from stores than it was to build them custom, which usually is not the case -- the cost of both GPUs and RAM (mostly unrelated) were both so high in the parts market that it messed up the whole balance there. Both of those have returned back to normality recently... for now.
Hopefully GPU mining doesn't catch on again, that was the big killer.
It looked like somebody else dumped a bunch, but it's rebounding again. Roller coaster this afternoon.
This is a pretty in depth article that I only sort of understand. Crypto traders might take note.
https://www.zerohedge.com/news/2019-06-27/has-tether-been-fueling-bitcoin-bull-run
Some of these tethers, Harborne said, were actually just being migrated from the Bitcoin-based OMNI network to the Ethereum network, to match demand. But still, the correlation—and the research into the prints—makes it clear; when tethers flood the market, the speculators tend to follow suit. The crypto markets, it would seem, live and die by Tether prints.
https://www.zerohedge.com/news/2019-06-27/has-tether-been-fueling-bitcoin-bull-run
Some of these tethers, Harborne said, were actually just being migrated from the Bitcoin-based OMNI network to the Ethereum network, to match demand. But still, the correlation—and the research into the prints—makes it clear; when tethers flood the market, the speculators tend to follow suit. The crypto markets, it would seem, live and die by Tether prints.
I've been planning to take an extended break from the rat race for awhile to pursue some other interests, and have been trying to spend 0.5 of my BTC on things I plan on needing, because I'd rather save the cash due to its much greater flexibility. Thus far, I've managed to spend approximately $2,000 worth on:
Laptop
Toothpaste, Deodorant, and shaving supplies to last a year
$1000 in gift cards for groceries and Amazon
Having to get gift cards isn't ideal, but the rest was all pretty easy. It was difficult to spend when you see all of these wild price predictions, but sometimes you just have to take some profits when you can.
Laptop
Toothpaste, Deodorant, and shaving supplies to last a year
$1000 in gift cards for groceries and Amazon
Having to get gift cards isn't ideal, but the rest was all pretty easy. It was difficult to spend when you see all of these wild price predictions, but sometimes you just have to take some profits when you can.
Bump. This thread was a fun read. Started right at the top of the prior crypto bull run and had a lot of "I told you so" people on the descent through 2019.