Cryptocoin Value and Market Trend Discussion

[trog100]

Well, it has been delayed already, we still got roughly 8 more months or so of mining ETH.

I am switching my ERGO machine over to ETH by at least the weekend (I gotta replace thermalpads on two Zotac's as they are trash) in order to increase my earnings in it. I may switch all rigs over. But RVN halving in January may prevent me from wanting to switch all rigs over...

if eth really does start to go up so will the price of GPUs.. the whole thing will be limited only by the availability of suitable hardware to mine with..

interesting times..

trog

 

[sepheronx]

if eth really does start to go up so will the price of GPUs.. the whole thing will be limited only by the availability of suitable hardware to mine with..

interesting times..

trog

As a note, which I Am looking at - Nvidia RTX A2000 will get you ~30MHs at about 80W if you can find one. RTX A4000 will get you about 60MHs.

 

[TheHunter]

Hi,

What about pi?

Any news when it will actually be worth something. Some friend said apparently it will be 5$. I have 1200 now.. but kind of doubt it,I would be ok with 2$ too, would buy a new gpu with that, this 980ti is very old in the tooth xD

 

[trog100]

bitcoin is at 63K and currently going sideways.. eth is at 4.1K and doing the same..

the rapid upwards momentum seems to have paused.. at least for a while..

trog

 

[Metroid]

Do not be surprised about btc price rising, is normal at this time, manipulators are following a pattern here and will keep for sometime yet, top and the hehell crash is closer and closer, my prediction still stands since july 2020, btc top will be around 79k - 89k and then crash below 10k and then rebound to 15k and stay there for next 3 to 5 years.

 

[trog100]

Do not be surprised about btc price rising, is normal at this time, manipulators are following a pattern here and will keep for sometime yet, top and the hehell crash is closer and closer, my prediction still stands since july 2020, btc top will be around 79k - 89k and then crash below 10k and then rebound to 15k and stay there for next 3 to 5 years.

so when it crashes from 89K down to 15K we just sit on it for 4 years and it will be back up 20x and at 300K does this sound about right to you.. ??

then of course the next time it crashes from 300K down to 50K we repeat the process.. sit on it for 4 years and watch it get up to 20x 50K which would be one million..

i dont think this will happen i think we are gonna reach the 1 million a bit sooner than 8 years but if it did happen it it still seems like a pretty good long term investment to me.. he he..

the logic behind "sell your bitcoin cos its gonna crash" seems to bit flawed to me..

trog

ps.. of course the real way to get very rich would be to buy a good crystal ball.. sell at the cycle peak.. sit on the profits until the next cycle low and buy back in.. i do wish i had done this the last time around.. he he..

 

[Vayra86]

ps.. of course the real way to get very rich would be to buy a good crystal ball.. sell at the cycle peak.. sit on the profits until the next cycle low and buy back in.. i do wish i had done this the last time around.. he he..

Yeah, about those crystal balls, I threw mine in the trash a few months back. Doubt is a healthy thing, I've learned. One day at a time seems like a good stance nowadays.

Do not be surprised about btc price rising, is normal at this time, manipulators are following a pattern here and will keep for sometime yet, top and the hehell crash is closer and closer, my prediction still stands since july 2020, btc top will be around 79k - 89k and then crash below 10k and then rebound to 15k and stay there for next 3 to 5 years.

Well, you've changed your numbers with every other post so I'm sure SOME part of the predictions might even stick somewhere before 2100. Good job! Can you send me one of those six dozen crystal balls you have there? Mine is gone.

the logic behind "sell your bitcoin cos its gonna crash" seems to bit flawed to me..

There is no logic in gambling.

 

[Metroid]

so when it crashes from 89K down to 15K we just sit on it for 4 years and it will be back up 20x and at 300K does this sound about right to you.. ??

then of course the next time it crashes from 300K down to 50K we repeat the process.. sit on it for 4 years and watch it get up to 20x 50K which would be one million..

i dont think this will happen i think we are gonna reach the 1 million a bit sooner than 8 years but if it did happen it it still seems like a pretty good long term investment to me.. he he..

the logic behind "sell your bitcoin cos its gonna crash" seems to bit flawed to me..

trog

BTC is still limited, not sure if it will change or not but as far back as 2009 to this date still capped at 21 million. So as everything in life, limited products keep the value or increase in fiat value because more and more fiat currency is printed every time they need. As every crypto cycle follows a manipulative pattern since 2010, it rises too much and crashes too much and this time will be no different, but every time btc's price keep a lot more valued than it was hence what I said "limited", my point is, since 2011, btc has increased a lot and then always crashed 80% to 99%. So regardless how much btc rises this time around, expect a 80 to 99% crash. Also when I say crypto is the wild west market simply means manipulation, why crypto always crash 80 to 99%? why doesn't it keep the value? why it rises too much? why it crashes too much? That is all about manipulation, pay attention, you can earn a lot of money or lose a lot of money and in the end crypto is still speculative, it can die anytime, look at china, how many times btc has been banned in china and every time the government is taking larger actions than before. This is the first time they ban mining in china of larger companies, next time who knows what will happen.

I always say to people to buy and sell, hold long term is bad because you can earn thousands times more if you buy and sell, nothing against people holding long term, they will be winning as long as the project keep its 2009 idea intact but not as much as the people who buy and sell.

Well, you've changed your numbers with every other post so I'm sure SOME part of the predictions might even stick somewhere before 2100. Good job! Can you send me one of those six dozen crystal balls you have there? Mine is gone.

No, I did not, I have posts stating about it, just check my previous posts in this thread. I always said the 100k bs will not hit this time, sheeps think it will go to 200k or 300k. I just dont think manipulators will take btc to more than 79 - 89k this time, the 100k mindset is a trap for this cycle around.

 

[Vayra86]

BTC is still limited, not sure if it will change or not but as far back as 2009 to this date still capped at 21 million. So as everything in life, limited products keep the value or increase in fiat value because more and more fiat currency is printed every time they need. As every crypto cycle follows a manipulative pattern since 2010, it rises too much and crashes too much and this time will be no different, but every time btc's price keep a lot more valued than it was hence what I said "limited", my point is, since 2011, btc has increased a lot and then always crashed 80% to 99%. So regardless how much btc rises this time around, expect a 80 to 99% crash. Also when I say crypto is the wild west market simply means manipulation, why crypto always crash 80 to 99%? why doesn't it keep the value? why it rises too much? why it crashes too much? That is all about manipulation, pay attention, you can earn a lot of money or lose a lot of money and in the end crypto is still speculative, it can die anytime, look at china, how many times btc has t been banned in china and every time the government is taking larger actions than before. This is the first time they ban mining in china of larger companies, next time who knows what will happen.

I always say to people to buy and sell, hold long term is bad because you can earn thousands times more if you buy and sell, nothing against people holding long term, they will be winning as long as the project keep its 2009 idea intact but not as much as the people who buy and sell.



No, I did not, I have posts stating about it, just check my previous posts in this thread.

The reason it fluctuates is because the coins are not tied to the real economy in any sensible way. The only ties that exist, exist in people's heads and the far and few places where you can actually use it to pay for things - even though nobody in their right mind ever would, because you could have lost a fortune tomorrow. The name you attribute to that... criminal networks, china farms, manipulating whales... is irrelevant. The core of this whole project is the fact crypto is floating on an idea, not on a direct tie with the real economy, with real people, real companies producing real goods requiring real resources. Those real things usually correct the market proper and in crypto they are absent. But those dreams and ideas can reach any high or low the collective wants.

Its gambling. The pattern you've seen for 10 years can end tomorrow.

 

[Metroid]

Its gambling. The pattern you've seen for 10 years can end tomorrow.

Yes, it can die anytime.

 

[lexluthermiester]

bitcoin is at 63K and currently going sideways.. eth is at 4.1K and doing the same..

the rapid upwards momentum seems to have paused.. at least for a while..

BTC came down a bit before leveling off, Eth has been more or less holding steady. Very strange..

 

[80-watt Hamster]

BTC came down a bit before leveling off, Eth has been more or less holding steady. Very strange..

What's the threshold for a holding value to become strange (not a rhetorical question)? LC and RF have posted some charts showing trends and patterns, but it still seems to me that the only thing predictable about BTC/ETH values is that they're unpredictable, in a rather literal sense. Especially over a timescale of hours, days, or even weeks.

 

[Metroid]

BTC came down a bit before leveling off, Eth has been more or less holding steady. Very strange..

It's not, eth has a fork coming up next week. So reason eth is rising with btc, usually yes, eth crashes or stays the same when btc is going up.

 

[trog100]

bitcoin and eth have come down some more.. bitcoin now at 60K with eth just below 4K..

not quite what people expected but it will either go back up or go down lower.. if it goes lower some panic selling may occur and it may go down to 55K or so..

i think it will hold at 60K but i could be wrong nothing is certain..

trog

 

[R0H1T]

so when it crashes from 89K down to 15K we just sit on it for 4 years and it will be back up 20x

That cycle/span has considerably shortened in part because actual billionaires are pumping money into crypto as well as banks(?) ETF, possibly some govt as well. Not to mention in the allure of making a quick buck pretty much anyone who has some knowledge of crypto tries to dip their toe in this miasma. Don't be surprised if some of the (lesser known) coins go up 1000x in mere days & tank 1000x almost immediately thereafter.

The issue with BTC or ETH is slightly different, now their upside is mostly capped, I mean those mega booms or bust & that is because the wealthiest & most powerful have taken a really keen interest in them. And everyone knows you don't mess with the rich, unless you have dragons

 

[Metroid]

bitcoin and eth have come down some more.. bitcoin now at 60K with eth just below 4K..

not quite what people expected but it will either go back up or go down lower.. if it goes lower some panic selling may occur and it may go down to 55K or so..

i think it will hold at 60K but i could be wrong nothing is certain..

trog

Well the manipulators have done the objective of getting through 64.8k which was the previous ath, that means now it will crash a bit then back up and start going up again, however it will be a time where it will not be going up again and sheeps will think it will and that is when they will lose as btc will crumble and crumble even more and that will be the start of "hehell crash", yeah I dont see btc going lower than 55k right now and then sideways till manipulators restart again the price rise, the question now is when will it crash hard, december or january?, in 2013 it was december, in 2018 was january, manipulators need to rise this fast because many smart investors are going to be soon selling all their accumulated coins past 2 years and that is a lot, usually manipulators decide the top and then crash the market 40% in few minutes.

 

[trog100]

Well the manipulators have done the objective of getting through 64.8k which was the previous ath, that means now it will crash a bit then back up and start going up again, however it will be a time where it will not be going up again and sheeps will think it will and that is when they will lose as btc will crumble and crumble even more and that will be the start of "hehell crash", yeah I dont see btc going lower than 55k right now and then sideways till manipulators restart again the price rise, the question now is when will it crash hard, december or january?, in 2013 it was december, in 2018 was january, manipulators need to rise this fast because many smart investors are going to be soon selling all their accumulated coins past 2 years and that is a lot, usually manipulators decide the top and then crash the market 40% in few minutes.

i dont think the past cycles will repeat.. this cycle will be much longer and the downside if any will be less dramatic.. but that is just what i think and i could well be wrong..

trog

 

[glsn]

(ue) some sort of bank/trading platform that provides apis without costs?

there's kraken, but then I need to charge the account via bank transfer

while stuff like revolut, does provide a cryptos section but doesn't provide apis for it

 

[trog100]

sunday morning here in the UK.. things are basically going sideways at the moment with bitcoin hovering around 61K and eth at 4.1K.. not a lot happening at the moment..

some kind of move is expected.. most likely to the upside but it could go down a bit more first..

trog

 

[trog100]

tuesday morning with things still going sideways and not much happening... bitcoin at around 63K and eth at 4.2K..

i "think" some more sideways movement may be on the cards followed by a move up.. i dont see a move down happening..

trog

 

[Dromze]

bitcoin is at 63K and currently going sideways.. eth is at 4.1K and doing the same..

the rapid upwards momentum seems to have paused.. at least for a while..

trog

The growth trend of Bitcoin and Ether will continue until December, that's for sure.

 

[Asylum]

I have been watching AMP for a little while now and it may be about to have a run.

Just a FYI if you are interested.

 

[trog100]

its gone very quite in here .. things are still going sideways with bitcoin around 62K and eth around 4.3K... it worth noting that both gained about 30% during the month of october..

i expect a move to the upside soon.. sideways is boring..

trog

ps.. tuesday morning sees a little kick upwards to 63K and 4.4K.. not a lot but at least up aint down..

 

[80-watt Hamster]

its gone very quite in here .. things are still going sideways with bitcoin around 62K and eth around 4.3K... it worth noting that both gained about 30% during the month of october..

i expect a move to the upside soon.. sideways is boring..

trog

It's possible. I'm getting served a lot of crypto-related ads on YT. That can mean that people still think there's growth potential, or they're trying to squeeze some money out of the market because they suspect a downturn. Unsurprisingly, that still boils down to, "We don't effin' know". At least I sure don't.

 

[cvaldes]

It's possible. I'm getting served a lot of crypto-related ads on YT. That can mean that people still think there's growth potential, or they're trying to squeeze some money out of the market because they suspect a downturn. Unsurprisingly, that still boils down to, "We don't effin' know". At least I sure don't.

No one can accurately predict the future 100% of the time. Anyone who says they can is wrong.

No one has a crystal ball.

Cryptocurrency exchanges are no exceptions.

However, they want more transactions because they generate fees. They ultimately don't care if any given cryptocurrency goes up or down on any given day. They just want a bunch of people to buy and sell the cryptocurrency; they want active traders. They would rather have someone who buys and sells crypto 10-20 times a year rather than someone who buys once and forgets about the wallet for five years.

Same thing with mining exchanges. They just want people to mine, they don't really care about whether BTC or ETH went up 1.79% or down 0.93% in the past 24 hours. Again it's mining fees that they are interested in. No miners = no fees.

In the same way, the Apple Card that has sat unused in my desk drawer for the past two years doesn't generate MasterCard any merchant transaction fees (nor does it generate any interest for Goldman Sachs).