Cryptocoin Value and Market Trend Discussion

[MentalAcetylide]

If Bitcoin has gone to be an official ETF I expect the price to swing heavily in the coming months. People will buy and sell and some bots are set to sell when Bitcoin hits $60000 Canadian. That number might need to be adjusted as time passes on an upward trend. There are so many ways to earn digital currency that it has banks offering real interest rates on Saving accounts.

Yup, sell at $60,000 and then invest in AI, assuming its not too late in the game in that sector when the time comes. AI is going to be king at some point, the only question is who all is going to be at the top of the pile.

 

[Kapone33]

Yup, sell at $60,000 and then invest in AI, assuming its not too late in the game in that sector when the time comes. AI is going to be king at some point, the only question is who all is going to be at the top of the pile.

There are so many scenarios in place that AI could give Bitcoin and other Digital currency a real boon. I wish I could buy Nvidia, AMD or Intel stock to put in my TFSA. Closest is the NASDAQ as I am a Canadian.

 

[AnotherReader]

There are so many scenarios in place that AI could give Bitcoin and other Digital currency a real boon. I wish I could buy Nvidia, AMD or Intel stock to put in my TFSA. Closest is the NASDAQ as I am a Canadian.

We can hold US stocks in RRSPs.

 

[trog100]

bitcoin now at $52500 and still going up.. eth at $2840 and doing the same.. a trend isnt hard to spot.. he he

trog

 

[lexluthermiester]

bitcoin now at $52500 and still going up.. eth at $2840 and doing the same.. a trend isnt hard to spot.. he he

trog

Yup, it's rollercoastering..

 

[LFaWolf]

$100k and $5k by the end of the year! Anyone knows what causes the sudden spike in a week?

 

[A&P211]

$100k and $5k by the end of the year! Anyone knows what causes the sudden spike in a week?

Alot of money is being dumped into any kind of investments. Look at the US stock market for the past 30-60 days.

 

[trog100]

bitcoin down a bit around 51k.. eth gaining slightly around 3k.. but both are mainly moving sideways..

trog

 

[trog100]

bitcoin now around 57k the trend is now up.. an all time high soon.. maybe..

trog

 

[lexluthermiester]

bitcoin now around 57k the trend is now up..

Hmm.

an all time high soon.. maybe..

Um..

It's got a ways to go.

 

[Kapone33]

Well all I can say is wow. I can't believe that I have a nice increase in my wallet. Just bought a 5900X on Monday to add another rig to my array.

 

[ZenZimZaliben]

Yeah all the haters in here...I check back often to see if anyone has changed their opinion...nope. If they would have bought some BTC or ETH when this thread was started they would all be $22,000 richer per coin with BTC and nearly $1500 per coin of ETH. Yet all the charts, all the forecasting, and all the bitterness because they didn't enter early. Why don't you all predict Lottery numbers instead? I think you would be about equal in your forecasting. LMAO.

Imagine if you bought the lows, as I mentioned, and held. Where you would be at? I don't have to imagine.

 

[80-watt Hamster]

Yeah all the haters in here...I check back often to see if anyone has changed their opinion...nope. If they would have bought some BTC or ETH when this thread was started they would all be $22,000 richer per coin with BTC and nearly $1500 per coin of ETH. Yet all the charts, all the forecasting, and all the bitterness because they didn't enter early. Why don't you all predict Lottery numbers instead? I think you would be about equal in your forecasting. LMAO.

Imagine if you bought the lows, as I mentioned, and held. Where you would be at? I don't have to imagine.

The potential to make money on crypto does not de facto make crypto a Good Thing.

 

[LFaWolf]

Yeah all the haters in here...I check back often to see if anyone has changed their opinion...nope. If they would have bought some BTC or ETH when this thread was started they would all be $22,000 richer per coin with BTC and nearly $1500 per coin of ETH. Yet all the charts, all the forecasting, and all the bitterness because they didn't enter early. Why don't you all predict Lottery numbers instead? I think you would be about equal in your forecasting. LMAO.

Imagine if you bought the lows, as I mentioned, and held. Where you would be at? I don't have to imagine.

I bought 1 BTC and ETH when I started the thread. I have actually been in the red for most of the time since then, only until late last year(?) when it started to rise. My wife wanted me to sell when I broke even, but I told her this rally has momentum and will hit $100k eventually. Not sure what I would do but it will be a nice problem to have.

 

[lexluthermiester]

Yeah all the haters in here...I check back often to see if anyone has changed their opinion...nope. If they would have bought some BTC or ETH when this thread was started they would all be $22,000 richer per coin with BTC and nearly $1500 per coin of ETH. Yet all the charts, all the forecasting, and all the bitterness because they didn't enter early. Why don't you all predict Lottery numbers instead? I think you would be about equal in your forecasting. LMAO.

Imagine if you bought the lows, as I mentioned, and held. Where you would be at? I don't have to imagine.

The potential to make money on crypto does not de facto make crypto a Good Thing.

While those are interesting points, the thread is titled "Cryptocoin Value and Market Trend Discussion". Let's stay on topic.

and will hit $100k eventually.

If that is going to happen, it's unlikely to be this year or even next.

 

[ZenZimZaliben]

While those are interesting points, the thread is titled "Cryptocoin Value and Market Trend Discussion". Let's stay on topic.


If that is going to happen, it's unlikely to be this year or even next.

Exactly! My trend and discussion points have always been to buy on the low and hold.

 

[A&P211]

Well all I can say is wow. I can't believe that I have a nice increase in my wallet. Just bought a 5900X on Monday to add another rig to my array.

are you doing cpu mining, i dont understand why you added a 5900x.

 

[lexluthermiester]

are you doing cpu mining, i dont understand why you added a 5900x.

Because a 5900X has good hash-rate performance as long as you're willing to ignore the power usage. It's a gamble on BTC and other CPU-minable cryptocoins becoming very profitable jumping greatly in value, thus off-setting the original expenses of generation.

 

[A&P211]

Because a 5900X has good hash-rate performance as long as you're willing to ignore the power usage. It's a gamble on BTC and other CPU-minable cryptocoins becoming very profitable jumping greatly in value, thus off-setting the original expenses of generation.

I checked on nicehash, mining with a i9 13980HX mobile processor will only gross you .73usd cents per day. Laptop power draw might be around 130w registered at the wall.

 

[lexluthermiester]

I checked on nicehash, mining with a i9 13980HX mobile processor will only gross you .73usd cents per day. Laptop power draw might be around 130w registered at the wall.
View attachment 336748

That really doesn't say much. Electricity costs vary from area to area. So that profitability estimation can not be trusted as it doesn't apply universally. As such, only those doing the mining can make an accurate estimation of how profitable such efforts will be.

 

[A&P211]

That really doesn't say much. Electricity costs vary from area to area. So that profitability estimation can not be trusted as it doesn't apply universally. As such, only those doing the mining can make an accurate estimation of how profitable such efforts will be.

my area, power cost is around 10cents kWh

 

[Outback Bronze]

all time high soon

Yep, atm seems imminent.

This also grabbed my attention: Bitcoin Breaks All Records With a Massive $1.347 Billion Transaction (gulf-insider.com)

1.347B Transaction for $2.

 

[trog100]

bitcoin now over 59k.. eth is 3342.. interesting times ahead.. he he..

trog

ps.. make that 60k..

 

[Kapone33]

are you doing cpu mining, i dont understand why you added a 5900x.

Yes, right now CPU mining gives you up to 4x more hashrate vs a GPU.

 

[LFaWolf]

bitcoin now over 59k.. eth is 3342.. interesting times ahead.. he he..

trog

ps.. make that 60k..

FOMO is setting in, $64k as of now.