The State of Cryptocurrency

[Space Lynx]

you must own some gold and silver then.. tis about the only thing that can be considered safe in todays world.. and only then if you actually own the metal.. he he

trog

I do own a little gold, but most of my money is in USD in a top bank. If USD becomes worthless, currency will be the least of my worries, more in that the globalized world of food production will cease to be and mass starvation will occur, fiat is too big to fail at this point. I do think it might fail someday, but that is also good, the human species needs a nice wake up call in the form of pure brutality.

 

[dorsetknob]

Indian BTC exchange Coinsecure finds itself $3.5m lighter
Outfit loses 438 bitcoin in security snafu
More woe's for the ...............
Story here
http://www.theregister.co.uk/2018/04/13/coinsecure_btc_missing_bitcoin/

 

[neatfeatguy]

Bad BTC story always surfaces after a spike in BTC value. No surprise here.

 

[r9]

you must own some gold and silver then.. tis about the only thing that can be considered safe in todays world.. and only then if you actually own the metal.. he he

trog

Guess you haven't seen the fake gold bars. Can't be sure without drilling a hole through the middle.

 

[moproblems99]

Truth be told, there is nothing 'safe' today. However, if things like fiat, precious gems and metals, or etc become worthless, your savings are the least of your worries. If anything, that is a benefit of crpyto right now. If it completely crashes, damage is minimal.

 

[lexluthermiester]

Bad BTC story always surfaces after a spike in BTC value. No surprise here.

A rise of 0.47% can hardly be called a spike.

 

[FordGT90Concept]

Guess you haven't seen the fake gold bars. Can't be sure without drilling a hole through the middle.

Pure gold has a density of 19.3 g/cm3 ergo, a real kilogram mass bar of gold will be 51.81 cm3 in volume. The only way to make a fake is to put something inside that's more dense than gold but significantly less valuable (e.g. lead). How to tell if it has lead inside? Gold is not magnetic. Lead is diamagnetic (repeals magnets). Put a strong magnet on solid gold, the magnet be like "meh." Put a strong magnet on gold clad lead, the magnet be like "NOPE!"

 

[trog100]

A rise of 0.47% can hardly be called a spike.

be real the sudden price increase was more like 12% and it shot up in just a couple of hours.. quite where you negative bitocoin guys get your info from i do wonder..

ether way it looks like the price increase is holding and a new uptrend is (maybe) beginning.. bitcoin is about $8260 currently.. it was down around $6500..

trog

 

[dorsetknob]

April 14, 2018 It seems to be dropping again

 

[FordGT90Concept]

I'd like to know how many wallets were involved in those jumps. The first jump was probably the same wallets that sold off after the second jump. Typical pump and dump.

 

[dorsetknob]

One reason for the sudden price surge is that bitcoin trading may have greatly increased on April 12 and 13. One source suggests the “biggest hour of trading in bitcoin’s entire history” took place, with nearly $300 million moving through exchange platforms in less than one hour. That’s a total of roughly 38,500 coins.

Head of fintech startup Revolut Ed Cooper explains, “In this scenario, traders with short positions started to lose money and liquidate their positions by buying bitcoin. This caused the price to rise further, and as more people started to notice the rise, they bought in for a quick gain. This continues the cycle.”

He further states that enthusiasts and traders shouldn’t get too amped up just yet, and that even though bitcoin may be moving in a positive direction for the time being, investors should think beyond the “short term.”

 

[trog100]

lets see what happens after a couple of weeks.. the up-trend and there is no doubt at all that their is an up-trend will hold or it wont.. i think it will.. he he..

i admit my bias.. i have money in it.. quite what motivates the crypto naysayers i havnt a clue.. maybe one of them can enlighten me.. ??

trog

 

[mad1394]

lets see what happens after a couple of weeks.. the up-trend and there is no doubt at all that their is an up-trend will hold or it wont.. i think it will.. he he..

i admit my bias.. i have money in it.. quite what motivates the crypto naysayers i havnt a clue.. maybe one of them can enlighten me.. ??

trog

Is the pleasure of watching something crash and burn not enough ? Do we need to think so deeply about it ?
On topic : I have kept my savings out of this market although I have at least one friend with lots of money on the line. Am amazed something can raise and fall so quickly. Mesmerizing to follow.
It will come back down for sure. It is a cycle at this point.

 

[trog100]

just for the naysayers..

over the last seven days.. the begining of the upward trend..

bitcoin is up 18%..

eth is up 31%

litecoin is up 12%

cardano is up 41%

neo is up 45%..

these are the ones i have a financial interest in and watch the most.. but the current trend looks good and potentially sustainable to me..

trog

 

[ppn]

they pump and they dump. the house always wins.

 

[lexluthermiester]

be real the sudden price increase was more like 12% and it shot up in just a couple of hours.. quite where you negative bitocoin guys get your info from i do wonder..

Yesterday when I looked here: https://coinranking.com/coin/bitcoin-btc
The variance was a 0.47% for a 24hour period. That is not a spike. It's a bump at best..

 

[trog100]

a variance of plus 0.47% just means a new price is holding over a day.. see my post above for the true price movement over the last week... its a little more than 0.47%..

trog

 

[cdawall]

a variance of plus 0.47% just means a new price is holding over a day.. see my post above for the true price movement over the last week... its a little more than 0.47%..

trog

Yea peaks from 6500-8500 are a bit more than half a percent, but whatever let's just go off of the closes.

 

[lexluthermiester]

a variance of plus 0.47% just means a new price is holding over a day.. see my post above for the true price movement over the last week... its a little more than 0.47%..

trog

Yea peaks from 6500-8500 are a bit more than half a percent, but whatever let's just go off of the closes.

Ah ok, I was just looking at the 24hour not the week. Looking back a month I can see the "spike" referred to. My bad.

 

[verycharbroiled]

Am amazed something can raise and fall so quickly. Mesmerizing to follow.

even more so if you have some skin in the game. as long as its money you can just leave in with no worries even if it tanks its kinda fun, even on the crashes.. its like "will it come back even stronger and surprise the crypto naysayers again" kinda thing.

 

[trog100]

Bitcoin has just taken another $200 dollar vertical jump.. its now at $8500 up from $6500 a couple of weeks back.. .. Eth is now at $587.. the upwards trend seems to be consolidating.. to the moon again maybe.. he he

trog

 

[hat]

Well, I'm mining at $3/day as opposed to under $2, so that's good. That said, cryptonight seems to have really went down...

 

[cdawall]

Well, I'm mining at $3/day as opposed to under $2, so that's good. That said, cryptonight seems to have really went down...

You have to swap to cryptonight V7

 

[trog100]

Bitcoin is now up to $9330 and still going up with eth just a tad under $700 and doing the same..

trog

ps.. well it got as high as $9700 and then took a dive back down to $9300 as i write this.. eth is now at $640 the rest of the coins all took a similar dive.. i think its bottomed but could be wrong.. he he

 

[trog100]

well.. bitcoin is holding up nicely above the $9000 mark and eth is going up over the $700 mark..

my 10 x 1070 mining cards are now producing $17 dollars per day and the availability and price of graphics cards (scan uk) are back to where they were six months ago when i bought mine..

good news for all except those who are just looking for crypto negatives..

trog