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The State of Cryptocurrency

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Bitcoin volume at CME Group topped $1 billion for the first time yesterday. Lots of shorts on CME went under :toast:
 

Space Lynx

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Bitcoin volume at CME Group topped $1 billion for the first time yesterday. Lots of shorts on CME went under :toast:


no idea what this means, you are on a different level mate. care to explain in laymans terms what this means?
 
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Anybody CPU mining? I was doing nice hash last may; was making round 3$-4$ day off just CPU's....
tried it over the winter; and profit was .10 cents....lol....

just wondering since i have a lot of multicore Server CPU's with large L3's....
 
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no idea what this means, you are on a different level mate. care to explain in laymans terms what this means?

it means that people who bet on it going down lost out.. going long means betting on it going up.. going short means betting on it going down..

trog
 

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You gotta have some serious CPUs to make that worth it. Most people only do GPU mining these days.
 
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no idea what this means, you are on a different level mate. care to explain in laymans terms what this means?
it means that people who bet on it going down lost out.. going long means betting on it going up.. going short means betting on it going down..

trog

The CME is for Chicago Mercantile Exchange, this is currently one of the biggest gateways for U.S. institutional investors to buy bitcoin futures. This is not a fly-by-night exchange.

A lot of companies use this to hedge their positions so they don't lose out weather bitcoin goes up or down. The fact that the sellers were blown out of the water there generally means demand is very high.
 
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Anybody CPU mining? I was doing nice hash last may; was making round 3$-4$ day off just CPU's....
tried it over the winter; and profit was .10 cents....lol....

just wondering since i have a lot of multicore Server CPU's with large L3's....

Only if you mine something thats "CPU only mining" otherwise no. Usually most profitable is ETC, from those normal ones. Which is GPU or ASIC (unsure if ASICs work now).
 
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Thanks; I fortgot what algo nice hash was using when mining. It was probably was mining a CPU only coin...
Its probably not worth my time and power cost.
From what I understand; when the popularity went down and the difficulty
of the alt coins went up...it became worthless..
 

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It was another pump and dump:
What a rollercoaster:
btcusd.png
 

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Probably the guy that bought 20K worth of BTC on the 1st April @ 4k. Sold them @ 8K - doubled his money : )
w

how does one spend such little profit though if one is already subject to impulse buying? its no different than the 18 yr old kids who graduate from high school, who end up making 50k a year right away, and they end up blowing it all on dumb stuff. sorry but your 60 grand pickup truck is just as a good as my little camry. it gets me from place A to place B reliably. everything in existence is simply perception at this point, and attitude. sadly, enough is never for any of us. I admire the Stoics of ancient times.
 
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There is a thing called "correction". Which is something that happens after market reaches certain point in upward trend. Surprisingly, price cant go upwards forever.

Ofc, its easier to imagine that its manipulated..
 

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Enron was behind a pump and dump in oil...they got shut down...hard. Because cryptocurrencies are decentralized and accounts are generally anonymous, there's no legal path to pursue those that pump and dump. And so, cryptocurrencies primary advantage is also it's primary disadvantage.
 
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sorry but your 60 grand pickup truck is just as a good as my little camry. it gets me from place A to place B reliably.

Can your Camry tow a boat from point A to point B? Is a Pentium 4 as good as a 2700X because they both boot a computer and open a program?

everything in existence is simply perception at this point

And functionality fitting in use case. Not everything is perception. I can't make a Camry tow my boat based on perception. Well, I can but it isn't going to make back from point B to point A.
 
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Selloff as expected, just 1 week later which is interesting in itself.
 
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Selloff as expected, just 1 week later which is interesting in itself.

and now back up to $8600 dollars.. it took a big jump a couple of hours ago..

trog
 

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Another pump...
 
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Another pump...

Does someone need to reset fords record?

Doing fine here, anyways. Expect an upward trend from here myself. Yes there'll be corrections that ford can shout "dump!" on, but the trend should be rise (no to 20k+ mind, that was batshit and I hated it).
 
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my biggest loser was neo.. i sold a bunch of litecoin to buy neo.. now its worth next to f-ck all.. he he

still its nice to see it all moving higher..

trog
 
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my biggest loser was neo.. i sold a bunch of litecoin to buy neo.. now its worth next to f-ck all.. he he

still its nice to see it all moving higher..

trog

I bought a small bit of Litecoin a week ago. Going to sit on it until the block halving in August.
 
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and now back up to $8600 dollars.. it took a big jump a couple of hours ago..

trog

CBOE Bitcoin futures trading opens on Sunday evenings, so probably caused the pump. Yeah looks like institutional demand for Bitcoin is still increasing :)
 

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AT&T also announced they are allowing customers to pay in Bitcoin, and several major retailers are adding Bitcoin as payment method, so not just a pump this time, an actual acceptance of the currency outside of having to rely on exchanges. I won't be buying any though, I need very little money in this life to be happy, and am not willing to risk it on gambling, drugs, alcohol, or ciggs.
 
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Yup, seems to explain at least one reason why U.S. Bitcoin futures are leading and rising faster than the rest of the global Bitcoin market in general. If corporations are moving towards bitcoin, they need to secure (hedge) themselves through futures, same as any currency on forex.

This is a big difference from years before where futures just weren't available and limited bitcoin's commercial appeal.

Can't imagine what will happen when the Lightning protocol will be ready for primetime use.
 
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Bitcoin now up over $9000.. still on a sustained up it seems..

trog
 
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