John Eucist Posted June 11, 2017 Share Posted June 11, 2017 Link to comment Share on other sites More sharing options...
John Eucist Posted June 11, 2017 Share Posted June 11, 2017 2 hours ago, lizardmech said: Eth is going up due to chinese bitcoin miners threatening to sabotage the bitcoin network. They are demanding changes be made to the software but have little support. The problem is while bitcoin was down in value the last two years chinese companies were able to get a monopoly on producing specialized chips built only for mining bitcoin. They constricted the supply of the chips so a select few chinese groups have an overwhelming amount of network power. The cut off date for it to be resolved is august 1. Any source for this? I tried googling and didn't find anything. Link to comment Share on other sites More sharing options...
John Eucist Posted June 12, 2017 Share Posted June 12, 2017 Wow somebody selling around 10,000 BTC worth of ETH (for BTC) at a fixed limit price for the last two and a half hours. They have sold half of that order so far. That's a 30M USD limit order. Link to comment Share on other sites More sharing options...
John Eucist Posted June 12, 2017 Share Posted June 12, 2017 And this is how it ended. Link to comment Share on other sites More sharing options...
John Eucist Posted June 12, 2017 Share Posted June 12, 2017 BTC market cap 45B ETH market cap 35B Closing in fast.https://coinmarketcap.com/ Link to comment Share on other sites More sharing options...
lizardmech Posted June 12, 2017 Author Share Posted June 12, 2017 The chinese bitcoin miners are going to kill bitcoin if they don't give in and agree to the segwit upgrade soon. They're being really short sighted as they have hundreds of millions of dollars worth of custom chips designed only for mining BTC. If another currency takes over they won't be able to mine it. Link to comment Share on other sites More sharing options...
John Eucist Posted June 12, 2017 Share Posted June 12, 2017 Wow BTC tanked $500 in 8 hours. Link to comment Share on other sites More sharing options...
lizardmech Posted June 12, 2017 Author Share Posted June 12, 2017 Seems to do this everytime, reaches a new all time high then crashes as people try to take profits and others panic sell as it dips. Link to comment Share on other sites More sharing options...
John Eucist Posted June 13, 2017 Share Posted June 13, 2017 11 hours ago, lizardmech said: The chinese bitcoin miners are going to kill bitcoin if they don't give in and agree to the segwit upgrade soon. They're being really short sighted as they have hundreds of millions of dollars worth of custom chips designed only for mining BTC. If another currency takes over they won't be able to mine it. Googling "segwit" got me a lot of information about what you said. Thanks. Link to comment Share on other sites More sharing options...
John Eucist Posted June 13, 2017 Share Posted June 13, 2017 https://www.cryptocoinsnews.com/iota-token-has-record-breaking-launch-on-bitfinex/https://hacked.com/ico-analysis-iota/ Link to comment Share on other sites More sharing options...
John Eucist Posted June 15, 2017 Share Posted June 15, 2017 I don't know about all the other altcoins but looking at longer term charts (say 2 years-ish) for both BTC and ETH they are both extremely "overbought" right now. And I am using logarithmic charts not linear charts (big difference). By overbought I don't mean the price is high. It just means it's been going relatively sustained up with very little "correction". Especially from around half a year ago leading up to today. A correction doesn't necessarily mean the price has to drop significantly. It can trade somewhat "sideways" for some time then it can become "healthy" again. Hopefully this will happen before the end of this year so I can accumulate some for longer term cold storage. Link to comment Share on other sites More sharing options...
John Eucist Posted June 15, 2017 Share Posted June 15, 2017 Even ETH/BTC chart is overbought viewing with this time frame. Link to comment Share on other sites More sharing options...
lizardmech Posted June 15, 2017 Author Share Posted June 15, 2017 They're certainly over bought. I still have no idea what will happen, they seem to defy all conventional logic at times. There should be a bump in July when Japan and Australia enact changes to laws that allow crypto to be bought and sold without sales tax. Bitcoin segwit could go either way, if it doesn't go smoothly eth might take its place or the entire crypto market could crash. While a success might send bitcoin even higher. Eth is apparently having issues coping with the increased volume of late which might hinder it taking over. Link to comment Share on other sites More sharing options...
John Eucist Posted June 15, 2017 Share Posted June 15, 2017 Wow. Major tankage underway right now. BTC 2075 at this moment. Maybe my chance to buy will come sooner than I thought. But probably going to wait a month or two. Not going to try to catch the falling knife right now. Link to comment Share on other sites More sharing options...
John Eucist Posted June 15, 2017 Share Posted June 15, 2017 14 minutes ago, John Eucist said: Not going to try to catch the falling knife right now. I meant the potential longer term falling knife. The current one is probably a smaller falling knife within the bigger falling knife. If that makes sense. Link to comment Share on other sites More sharing options...
John Eucist Posted June 16, 2017 Share Posted June 16, 2017 On 6/4/2017 at 8:19 AM, esaj said: I mined some maybe 2009 or 2010... lost the wallet since though Wasn't that much really, maybe 0.5BTC or less. Didn't get into it since, but some people have made pretty good profits (and probably some have lost a lot too): http://www.coindesk.com/bought-bitcoin-2009-now-worth-983000/ $26.60 to $980000 in 4 years, not bad Browsed through your old post again. Have to mention that those 5,000 BTC is currently worth $12M ($980K in the article). Was, in fact, $15M just last week. Link to comment Share on other sites More sharing options...
John Eucist Posted June 17, 2017 Share Posted June 17, 2017 LTC on fire. Highest volume in the TOP 7 world exchanges in the last 24 hours. WTF BBQ. Link to comment Share on other sites More sharing options...
Hunka Hunka Burning Love Posted June 17, 2017 Share Posted June 17, 2017 <Regrets not building that Antminer S5/7 farm much earlier> Link to comment Share on other sites More sharing options...
lizardmech Posted June 19, 2017 Author Share Posted June 19, 2017 A chinese coin called antshares is surging at the moment. Some of the Japanese coins seem decent as well, monacoin has ATMs in Japan. Link to comment Share on other sites More sharing options...
John Eucist Posted June 20, 2017 Share Posted June 20, 2017 https://www.cryptocoinsnews.com/segwit2x-is-a-go-80-of-bitcoin-network-signals-for-upgrade/ Link to comment Share on other sites More sharing options...
Trey Lewis Posted June 21, 2017 Share Posted June 21, 2017 Man, I love seeing some crypto conversation on here. I LOVE the technology and have been in from the start. I started mining bitcoin when it was literally worth some change, a couple of dimes if I recall per coin. It made it to about $60 for each coin and I thought it was some sort of crazy miracle that I went from .20 to 60.00 a unit. Sold what I had and bought a couple guitars, thinking I came out way ahead, which I guess I did. Forgot it even existed and realized a year and a half later that I was an idiot. I was in high school but I am still sad I didn't stick with it. My favorite moment was the boom of Dogecoin that one December. Changed my life and made cryptos part of my life again. Lots of awesome stories and people. Link to comment Share on other sites More sharing options...
lizardmech Posted June 21, 2017 Author Share Posted June 21, 2017 I mined dogecoin the first few days it was out, held it until a month ago, got all my trading money from it. Link to comment Share on other sites More sharing options...
lizardmech Posted June 21, 2017 Author Share Posted June 21, 2017 @John Eucist Do you know anything about antshares? They have a big presentation tomorrow in china. Supposedly they are renaming it to different branding and announcing partnerships there's rumors of Jack Ma being a guest speaker but english info is pretty scarce. Link to comment Share on other sites More sharing options...
John Eucist Posted June 21, 2017 Share Posted June 21, 2017 Just now, lizardmech said: @John Eucist Do you know anything about antshares? They have a big presentation tomorrow in china. Supposedly they are renaming it to different branding and announcing partnerships there's rumors of Jack Ma being a guest speaker but english info is pretty scarce. I just know it went up like crazy a day or two ago. "Antshares" sounds pretty awesome, they shouldn't rename it. Yeah unfortunately I can't read Chinese either but getting Jack Ma should give it some boost and legitimacy. Do you know what's special about it technically? Is it a superior coin? Link to comment Share on other sites More sharing options...
John Eucist Posted June 21, 2017 Share Posted June 21, 2017 So I got in on some BTC around the 2500 level a few days ago. I think I'm going to "HODL" them for a few years. Will keep accumulating on dips hereafter. I also got some LTC, ETH, XMR, XRP, for diversification as well as very tiny bit of IOTA "just in case". Link to comment Share on other sites More sharing options...
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