Bitcoin
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- uan0
- This is a https://squareup.com… endeavour, yeah?ideaist
- yes, listed in their software. didn't know about squareup.com/about
looks like business tools done and distributed the right wayuan - it's Jack Dorsey's company (twitter)uan
- it's a great way to split checks. I use it with my girlfriend for things like groceries and such. easy way to transfer money to people.capn_ron
- I like the credit card.dbloc
- I have it, but most people are using Venmo nowdbloc
- You can do the same, +ETH and currency exchange at great rates with Revolut: https://www.revolut.…shapesalad
- sarahfailin0
Heads up QBNers. I've been watching closely and the coin markets are close to bottoming out again and it could be a good entry point for an investment.
I'd buy ETH at 600 or BTC at 7250.
BCH looks poised to really fall some more, which could drag the rest of the market down with it. It will either bounce at $1000 and go back up, or if it goes below $1000 could fall all the way to $700 or so. Which would be an awesome place to buy in considering it was at $1800 (momentarily) 2 weeks ago.
This is not financial advice ;)
- $600 for ETH would be the *lowest* likely price. a little above that would be still very good. Same for my BTC price estimate.sarahfailin
- I've been watching Nano off and on for a while, and have been tempted to drop a bit of cash on ithardhat
- I made my cash from Bitcoin...i'm out.utopian
- both ETH and BTC down a bit during ConsensusMilan
- Can you tell us why you think it’s bottoming out and WHY it would go back up? Not saying it won’t, just want to know why.monospaced
- 7200 would it way below the 50 or 100 day MA, that'd be a big deal in terms of selling off. Why do you think that's going to happen?zarkonite
- The day and weekly MACD still look bearish. The momentum isn't there to make a big change in price. RSI is staying below 60, which is another bear sign.sarahfailin
- BCH and XRP look much weaker than ETH, which seems to want to rally now. Other coins just aren't ready. BCH is gonna pull them all down a bitsarahfailin
- There are quite a few analysts on Tradingview who are talking about Bitcoin at $7000.sarahfailin
- nobody can predict where this rollercoaster is going short-term.Milan
- So you're giving out advice/ ideas to people but did you actually buy yourself? If you're so sure put your $$ where your mouth is :)********
- Okay. So you’re saying it’s going to go back up because people will see a prediction and start buying it. Or else they won’t. Gotcha. ;)monospaced
- You’ve basically given “because analysts said so” as a reason why. :/monospaced
- Problem there is that I can find any analyst making any prediction on any given day. They can’t tell the future, but some get lucky. Anyway, have fun.monospaced
- I'm pulled out while it's dropping but I do intend to buy as I've explained. And pro traders use indicators like what I've mentioned. They don't just guess >.>sarahfailin
- lol @ pro traders ... that’s funnymonospaced
- Today ALONE I found “pro” predictions that claim to be purely analytical, all saying different shit. Predictions from $3k to $50k. Take your pick!monospaced
- lol, rather than just trolling me mono, wait and see if my prediction is right. It's verifiable.sarahfailin
- The future prediction is currently verifiable? I already said in my first comment that I’m not saying it WONT happen, I’m just looking for a good reasonmonospaced
- ********-9
Heads up QBNers. I've been watching closely and the coin markets are about to go to 0 or even below 0.
This is not financial advice ;)
- ********3
- The better question is, why do people pay attention to this guy?********
- Did anyone pay attention when he ate his own dick last week?monospaced
- He was already well-known. Then became a 'guru' in crypto. When you have a lot of followers and are pumping you attract a lot of gullible ppl chasing the dream.********
- Oh I know who he is, and I know that lots of idiots are paying him attention, but my question is why? I guess I answered it, though. Idiots.********
- Maybe my question should have been, why are you sharing this with us?********
- set, why share anything on this site?********
- How long is a piece of cock?********
- Did anyone watch this? Is it him even saying anything?monospaced
- WhenTF did he become a 'guru' at crypto?
He's sure been vocal about it, but then so's every other cunt.detritus - dude's either got a cold, or he's been having a bit of columbia's finest.. was rubbing his nose quite a bit...exador1
- I thought he was a well known coke head?********
- don’t you have a royal wedding to go watch?LMFAO
- The better question is, why do people pay attention to this guy?
- detritus0
Up to an Eire's worth of leccy consumption per year...
- If rates continue to increase, bitcoin mining will consume more energy than that created by the world's solar panels, wiping out progress made with renewables.face_melter
- So well done, I guess?face_melter
- we're still in the super early stages of crypto. it will be optimized to use less energy. for now, security is prioritized over energy consumptionMilan
- @face: Some cunt's decided to pump CFCs into the atmosphere again, potentially knocking all the good work done there too.
https://nyti.ms/2L6M…detritus - Greed. Fucking greed.detritus
- sarahfailin2
bitcoin just fell through $8000
- ********-3
can't help thinking this isn't the best sign for bitcoin's future
- are you kidding?? porn is the early adopter and trendsetter lots of new tech. definitely a good sign. they have a porn coin called titcoinsarahfailin
- porn industry were the ecommerce pioneers.fadein11
- ffs titcoin is real********
- sarahfailin1
well it took longer than I thought, but ETH is at $615, BTC nestled in at around $7850 and BCH still wiggling down towards $1k.
like a sickly kid running to go play in the snow, BTC collapsed from exhaustion after a half-hearted rally. now the cold snow is beginning to feel warm. it's given up trying pull itself out, and it's just waiting for the growing golden light to engulf its body and take it away to $7200.
- this is poetryKrassy
- that said, a small purchase here to hedge wouldn't be a bad idea. i think the momentum will start to turn around from here. RSI won't go lower than yesterdaysarahfailin
- So why do you believe $7200 is going to be the turning point?monospaced
- ^if you look back to early april 2018, btc found strong support at 7200. it'd take bigger momentum than then to break it- currently we have less.sarahfailin
- Daily RSI is 37 right now, it was 30 then. I think we've reached the lowest low momentum-wise. price will still move downward a bit, but the ship is turning.sarahfailin
- go towards the light, BTC!sarahfailin
- *POOF!* and it was overformed
- yowza. the hourly RSI just dropped to a new lowest low, and the BTC dropped down out of it's descending wedge. definitely do not buy yet!sarahfailin
- https://i.imgur.com/…sarahfailin
- This 2nd bottom should be higher than 6500 or whatever we had last time, and so you have a tightening wedge etc which will eventually break outdrgs
- Wait. So not $7200?monospaced
- Why yes somewhere around 7200. You understand there are no perfect predictions, but there are good predictionsdrgs
- There are people who believe we are going to 5000 and even 3000, but general consensus is 7200, let's leave it at thatdrgs
- Like last time there is going to be an immediate rally upwards, even if a short one, you all should take advantagedrgs
- But this is all because of predictions.monospaced
- said it before - we're going to be bouncing around these prices all the way up to next Chinese new year.inteliboy
- and then?monospaced
- and then we will have a big celebrationdrgs
- no "and then!!" https://www.youtube.…sarahfailin
- haha, that’s what I was referencing :)monospaced
- Like a Swiss watchdrgs
- ********3
- sarahfailin0
Shit is as low as it's been since the meteoric rise BTC saw on April 12th. In the night, the value dropped as low as 7290, and now it's retracing upward almost certainly to be followed by another drop.
Where will it stop? Hard to say. While these prices look really good, one thing that gives me pause is the distance between the daily MACD and the signal line, which has actually increased in the last 3 days -- meaning we're moving further away from a bull market. It could take numerous wiggles down and up to get the MACD to cross upwards. It should take days.
Perhaps we'll go sideways for a few days before ending up at around 6500-6800 before we take off into another bull run. The market needs time to consolidate before it can take off in a serious way after all these drops.
I'm very new to market technical analysis. Thanks for being an audience to my predictions. Please know I'm just an amateur, and these are just my opinions.
- T/A doesn't really work on Bitcoin.********
- I'd say it does to some extent. You can see market manipulation happening though as trends are intentionally broken by 'whales' w/ enough coin to throw aroundsarahfailin
- You were totally right about the bounce at 7200monospaced
- T/A doesn't really work on Bitcoin.
- ********1
Johnny is now predicting $15K for Bitcoin in June. Yeah, because his last predictions worked out so great.
- He said it in the opening line, it's meaningless. Utterly meaningless. Utterly.********
- But he also said "But this is a special time."********
- Ah right, missed that. To coinbase!********
- Oddly enough, seconds after reading this post I get a breaking news email that the North Korean summit is back on.... June mother f'ing 12thbrnmkg
- He said it in the opening line, it's meaningless. Utterly meaningless. Utterly.
- ********1
Scottish "Crypto Clinic" Now Treating Bitcoin Trading Addicts: https://www.zerohedge.com/news/2…
- cause it's pure gambling; it is NOT a currency and NOT an investment. LOLKrassy
- Yup.monospaced
- drgs1
Wasa wasa wasa
- beeeconnnehhhhhinteliboy
- did you buy back in this weekend drgs?
i think this is a short term rally, more drops still to come.sarahfailin - I hope not...drgs
- it's a sign momentum is swinging up, but we're not out of the woods yet https://i.imgur.com/…sarahfailin
- usually when the btc markets shoot up, this is the signal. Its nothing like the green 1k cucumba from the last dip, but who knowsdrgs
- yeah, if you bought at the lowest recent, that's still gonna be a good entry point. I'm a little afraid of a deeper downtrend, so i'm waiting to see...sarahfailin
- detritus0
Proof of Work 51% Attack Cost
"A collection of coins and the theoretical cost of a 51% attack on each network."Can someone explain this to me? I thought a 51% attack somehow meant every historical coin in existence, but from this I get the impression that all you need to poison or grab control of a cryptocurrency is 51% of the current block generation?
I suppose it makes sense within the philosophy of blockchain that its substance is most derived by its current iteration, but does that mean that a 51% attack on the Now fucks and nullifies the truth of all stored coins, offline or wherever?
Or am I fundamentally missing something here?
- The comments here: https://news.ycombin… are fascinating.detritus
- tl;dr - the existant processing capability of large mines aimed at BC or ETH, etc could be switched to take control of smaller or younger coinsdetritus
- therefore nullifying the emergence of newer coins, moating the bigger more established coins into a small polyopoly.detritus
- sarahfailin3
- your up to the minute bitcoin update
- lolKrassy
- well maybe i spoke too soon, but I do believe we'll see another decline before things really pick up.sarahfailin
- “lol, rather than just trolling me mono, wait and see if my prediction is right. It's verifiable.”monospaced
- indeed! now you're trolling AND verifying ;)sarahfailin
- :)monospaced
- haha, and now it's happening. this *could* be the last big fall before we really start a bull trendsarahfailin
- nicenotype
- flip upside down tomorrow sarahnotype
- ^what do you mean?sarahfailin
- ah, i see :) I think you're right.sarahfailin
- ;) constantly fluctuating, right?notype
- sarahfailin1
- wasa wasa wasaaa! qbnnnnn!sarahfailin
- lol, because of a 1.3% rise?monospaced
- altcoins are rising faster. but we broke out of the downtrend. we're on new, upward trend, and it *may* last for some time.sarahfailin
- oh.... OKAYmonospaced
- shapesalad2
Interesting perspective:
- there is something called mining difficulty which adjusts itself according to how many users are mining, so than no more than x BTC are mined every hourdrgs
- in theory 100 users could mine and support all BTC transactions, without creating any shortage, so its not directly comparable to golddrgs
- I though tthe difficulty only ever went up though, not down? If BTC imploded and it dropped to 100 users, would the hashing in turn become simpler?detritus
- BTC mined per hour goes down yes, but this number is independent from numbers of miners. Unlike with gold, more miners gives more golddrgs
- Yeah, so complexity never recedes, only increases?detritus
- There are two levels of complexity, one is constantly increasing (total BTC mined), the other one is adaptable (number of miners)drgs
- important to distinguish between bitcoin and blocks. BLOCKs are mined on average every 10 minutes and the difficulty adjusts with the total hashing power toridg0026
- stick to that ~10 minute timeline. BITCOIN are rewarded to to the miner(s) who succesfully solve that block but the total supply of bitcoin that will ever beridg0026
- produced is 21 million, with the block reward (bitcoin awarded to the miner for each successful block mined) reducing by half every four years (2020 next)ridg0026
- thats where the 'scarcity' comes into play. 21 million max - genesis reward - lost keys, etc. = total supplyridg0026
- ^ 21million bitcoins, code, 010101's on hard disks around world - Can it really be worth more than 21g of gold? Only if it has use/value...shapesalad
- well the concept of trustless, secure transactions is really interesting -- and I can see the value there. Will be interesting to watch it develop and evolveridg0026
