Bitcoin about to Pop
- pErvinalia
- On the good stuff
- Posts: 59297
- Joined: Tue Feb 23, 2010 11:08 pm
- About me: Spelling 'were' 'where'
- Location: dystopia
- Contact:
Re: Bitcoin about to Pop
"don't fully understand how the process works". Highly relevant here, I think..
Sent from my penis using wankertalk.
"The Western world is fucking awesome because of mostly white men" - DaveDodo007.
"Socialized medicine is just exactly as morally defensible as gassing and cooking Jews" - Seth. Yes, he really did say that..
"Seth you are a boon to this community" - Cunt.
"I am seriously thinking of going on a spree killing" - Svartalf.
"The Western world is fucking awesome because of mostly white men" - DaveDodo007.
"Socialized medicine is just exactly as morally defensible as gassing and cooking Jews" - Seth. Yes, he really did say that..
"Seth you are a boon to this community" - Cunt.
"I am seriously thinking of going on a spree killing" - Svartalf.
- Hermit
- Posts: 25806
- Joined: Thu Feb 26, 2009 12:44 am
- About me: Cantankerous grump
- Location: Ignore lithpt
- Contact:
Re: Bitcoin about to Pop
O deary me. How could I forget?rainbow wrote: ↑Tue Dec 04, 2018 6:02 amYou are ignoring the huge gains that Bitcoin has made against the Venezuelan Bolivar.Hermit wrote: ↑Tue Dec 04, 2018 12:29 amStill closed higher than six days ago. I look at it as a micro dead cat bounce. Look at this chart after clicking on "All". The drop is only barely detectable.
I'll hang on to my Bolivars, though. I have a suitcase full of them. I'm told that right now my holding might be enough to buy a chewing gum wrapper. Once the US forces effect regime change (to liberate its people from the commie oppressors, nothing to do with oil reserves, honest), it'll be worth a mint.
Last edited by Hermit on Tue Dec 04, 2018 6:45 am, edited 1 time in total.
I am, somehow, less interested in the weight and convolutions of Einstein’s brain than in the near certainty that people of equal talent have lived and died in cotton fields and sweatshops. - Stephen J. Gould
- rainbow
- Posts: 13528
- Joined: Fri Jun 08, 2012 8:10 am
- About me: Egal wie dicht du bist, Goethe war Dichter
- Location: Africa
- Contact:
Re: Bitcoin about to Pop
The mining process isn't the issue. You don't need to know how gold is mined and processed to invest in it.pErvinalia wrote: ↑Tue Dec 04, 2018 6:28 am"don't fully understand how the process works". Highly relevant here, I think..
I call bullshit - Alfred E Einstein
BArF−4
BArF−4
- pErvinalia
- On the good stuff
- Posts: 59297
- Joined: Tue Feb 23, 2010 11:08 pm
- About me: Spelling 'were' 'where'
- Location: dystopia
- Contact:
Re: Bitcoin about to Pop
He's talking about a separate issue (reduced miners). FFS.
Sent from my penis using wankertalk.
"The Western world is fucking awesome because of mostly white men" - DaveDodo007.
"Socialized medicine is just exactly as morally defensible as gassing and cooking Jews" - Seth. Yes, he really did say that..
"Seth you are a boon to this community" - Cunt.
"I am seriously thinking of going on a spree killing" - Svartalf.
"The Western world is fucking awesome because of mostly white men" - DaveDodo007.
"Socialized medicine is just exactly as morally defensible as gassing and cooking Jews" - Seth. Yes, he really did say that..
"Seth you are a boon to this community" - Cunt.
"I am seriously thinking of going on a spree killing" - Svartalf.
- rainbow
- Posts: 13528
- Joined: Fri Jun 08, 2012 8:10 am
- About me: Egal wie dicht du bist, Goethe war Dichter
- Location: Africa
- Contact:
Re: Bitcoin about to Pop
Of course you are right. You will now lose less money on mining Bitcoin.pErvinalia wrote: ↑Tue Dec 04, 2018 6:48 amHe's talking about a separate issue (reduced miners). FFS.
That will not however make any difference.
I call bullshit - Alfred E Einstein
BArF−4
BArF−4
- rainbow
- Posts: 13528
- Joined: Fri Jun 08, 2012 8:10 am
- About me: Egal wie dicht du bist, Goethe war Dichter
- Location: Africa
- Contact:
Re: Bitcoin about to Pop
The next resistance level is now $2500. If it breaks through this, panic.
I call bullshit - Alfred E Einstein
BArF−4
BArF−4
- pErvinalia
- On the good stuff
- Posts: 59297
- Joined: Tue Feb 23, 2010 11:08 pm
- About me: Spelling 'were' 'where'
- Location: dystopia
- Contact:
Re: Bitcoin about to Pop
I expect it's going down to pre-hype levels. Not sure exactly what that is, but certainly under $1000.
Sent from my penis using wankertalk.
"The Western world is fucking awesome because of mostly white men" - DaveDodo007.
"Socialized medicine is just exactly as morally defensible as gassing and cooking Jews" - Seth. Yes, he really did say that..
"Seth you are a boon to this community" - Cunt.
"I am seriously thinking of going on a spree killing" - Svartalf.
"The Western world is fucking awesome because of mostly white men" - DaveDodo007.
"Socialized medicine is just exactly as morally defensible as gassing and cooking Jews" - Seth. Yes, he really did say that..
"Seth you are a boon to this community" - Cunt.
"I am seriously thinking of going on a spree killing" - Svartalf.
- Svartalf
- Offensive Grail Keeper
- Posts: 40340
- Joined: Wed Feb 24, 2010 12:42 pm
- Location: Paris France
- Contact:
Re: Bitcoin about to Pop
You expect the collectors' market to be that brisk? because the first move of any sensible governement will be to demonetize the old bolivars and to start issuing Venezuelan Trumps in honor of the Great Liberator.Hermit wrote: ↑Tue Dec 04, 2018 6:43 amO deary me. How could I forget?rainbow wrote: ↑Tue Dec 04, 2018 6:02 amYou are ignoring the huge gains that Bitcoin has made against the Venezuelan Bolivar.Hermit wrote: ↑Tue Dec 04, 2018 12:29 amStill closed higher than six days ago. I look at it as a micro dead cat bounce. Look at this chart after clicking on "All". The drop is only barely detectable.
I'll hang on to my Bolivars, though. I have a suitcase full of them. I'm told that right now my holding might be enough to buy a chewing gum wrapper. Once the US forces effect regime change (to liberate its people from the commie oppressors, nothing to do with oil reserves, honest), it'll be worth a mint.
Embrace the Darkness, it needs a hug
PC stands for "Patronizing Cocksucker" Randy Ping
PC stands for "Patronizing Cocksucker" Randy Ping
- pErvinalia
- On the good stuff
- Posts: 59297
- Joined: Tue Feb 23, 2010 11:08 pm
- About me: Spelling 'were' 'where'
- Location: dystopia
- Contact:
Re: Bitcoin about to Pop
Sent from my penis using wankertalk.
"The Western world is fucking awesome because of mostly white men" - DaveDodo007.
"Socialized medicine is just exactly as morally defensible as gassing and cooking Jews" - Seth. Yes, he really did say that..
"Seth you are a boon to this community" - Cunt.
"I am seriously thinking of going on a spree killing" - Svartalf.
"The Western world is fucking awesome because of mostly white men" - DaveDodo007.
"Socialized medicine is just exactly as morally defensible as gassing and cooking Jews" - Seth. Yes, he really did say that..
"Seth you are a boon to this community" - Cunt.
"I am seriously thinking of going on a spree killing" - Svartalf.
- Scot Dutchy
- Posts: 19000
- Joined: Tue Feb 23, 2010 2:07 pm
- About me: Dijkbeschermer
- Location: 's-Gravenhage, Nederland
- Contact:
Re: Bitcoin about to Pop
The world coin index is looking very red.
"Wat is het een gezellig boel hier".
- rainbow
- Posts: 13528
- Joined: Fri Jun 08, 2012 8:10 am
- About me: Egal wie dicht du bist, Goethe war Dichter
- Location: Africa
- Contact:
Re: Bitcoin about to Pop
I call bullshit - Alfred E Einstein
BArF−4
BArF−4
- Scot Dutchy
- Posts: 19000
- Joined: Tue Feb 23, 2010 2:07 pm
- About me: Dijkbeschermer
- Location: 's-Gravenhage, Nederland
- Contact:
Re: Bitcoin about to Pop
Very interesting
I wonder what our Bitcoin expert thinks of it? I hope he reads the comments as well.
I wonder what our Bitcoin expert thinks of it? I hope he reads the comments as well.
"Wat is het een gezellig boel hier".
Re: Bitcoin about to Pop
The author of that piece should realize that as fewer people mine, the more profitable it becomes as the algorithm adjusts the work required with regard to the amount of workers working.
See here: https://www.quora.com/Who-adjusts-Bitco ... difficulty
This means that the profitability of mining will increase again after enough people pull the plug on their mining rigs; the follow-on from that is that the price of BTC should again stabilize around the new cost of mining. This has already started to happen: https://www.coinwarz.com/difficulty-cha ... ulty-chart
See here: https://www.quora.com/Who-adjusts-Bitco ... difficulty
This means that the profitability of mining will increase again after enough people pull the plug on their mining rigs; the follow-on from that is that the price of BTC should again stabilize around the new cost of mining. This has already started to happen: https://www.coinwarz.com/difficulty-cha ... ulty-chart
- rainbow
- Posts: 13528
- Joined: Fri Jun 08, 2012 8:10 am
- About me: Egal wie dicht du bist, Goethe war Dichter
- Location: Africa
- Contact:
Re: Bitcoin about to Pop
Climate change
Mining Bitcoin Can Be More of an Energy Drain Than Actual Mining
https://earther.gizmodo.com/mining-bitc ... 1830217426
I call bullshit - Alfred E Einstein
BArF−4
BArF−4
- Scot Dutchy
- Posts: 19000
- Joined: Tue Feb 23, 2010 2:07 pm
- About me: Dijkbeschermer
- Location: 's-Gravenhage, Nederland
- Contact:
Re: Bitcoin about to Pop
Not surprised. Scams cost everyone money.
"Wat is het een gezellig boel hier".
Who is online
Users browsing this forum: Google [Bot] and 31 guests