Bitcoin and crypto currencies

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DavAdmin
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Bitcoin and crypto currencies

Post by DavAdmin » Wed Nov 08, 2017 5:51 pm

Starting this thread to post news and updates on the crypto currency revolution that has happened this year. Some say 2017 will do for digital currencies what 1995 did for the internet ... and we're still using Netscape.

To kick it off we'll use the Asia take from Asia Times:
http://www.atimes.com/article/asias-rol ... evolution/

If you're interested in this please post updates, news, questions and anything on crypto currencies here, it could turn into a good resource.

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SteveFoerster
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Re: Bitcoin and crypto currencies

Post by SteveFoerster » Thu Nov 09, 2017 11:44 am

At least to start I don't have anything other to say other than "HODL", but I'll happily chime in going forward....
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DavAdmin
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Re: Bitcoin and crypto currencies

Post by DavAdmin » Thu Nov 09, 2017 5:35 pm

Depends on your strategy, long term or day trading, you can make good returns doing both.

Bitcoin may come down off its highs now as the fork has been cancelled:
https://www.forbes.com/sites/ktorpey/20 ... a10d612233

Traders are slowly going back into altcoins:
http://ethereumworldnews.com/altcoins-b ... forks-off/

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SteveFoerster
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Re: Bitcoin and crypto currencies

Post by SteveFoerster » Fri Nov 10, 2017 2:56 am

DavAdmin wrote:
Thu Nov 09, 2017 5:35 pm
Depends on your strategy, long term or day trading, you can make good returns doing both.

Bitcoin may come down off its highs now as the fork has been cancelled:
https://www.forbes.com/sites/ktorpey/20 ... a10d612233
Maybe. But it's probably the only asset class where if it goes to where it was merely two months ago that's seen as a disaster.
Traders are slowly going back into altcoins:
http://ethereumworldnews.com/altcoins-b ... forks-off/
Some never left. :-)
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DavAdmin
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Re: Bitcoin and crypto currencies

Post by DavAdmin » Fri Nov 10, 2017 5:27 pm

Very true - though it looks like its heading there, this site gives a good roundup of all prices:
https://www.worldcoinindex.com/

Bitcoin Cash seems to be the winning horse at the moment, for no logical reason that I can see. Any ideas why?

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Re: Bitcoin and crypto currencies

Post by SteveFoerster » Sun Nov 12, 2017 8:11 pm

DavAdmin wrote:
Fri Nov 10, 2017 5:27 pm
Very true - though it looks like its heading there, this site gives a good roundup of all prices:
https://www.worldcoinindex.com/

Bitcoin Cash seems to be the winning horse at the moment, for no logical reason that I can see. Any ideas why?
Opportunistic market manipulation in the wake of the demise of SegWit2X. No concern at all to hodlers.
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Milo
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Re: Bitcoin and crypto currencies

Post by Milo » Sun Nov 12, 2017 11:31 pm

I am told that there's virtually no point in mining bitcoin anymore because you can't make enough to pay the electric bill.

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SteveFoerster
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Re: Bitcoin and crypto currencies

Post by SteveFoerster » Mon Nov 13, 2017 10:00 pm

Milo wrote:
Sun Nov 12, 2017 11:31 pm
I am told that there's virtually no point in mining bitcoin anymore because you can't make enough to pay the electric bill.
At this point the only miners I know are mining altcoins.
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DavAdmin
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Re: Bitcoin and crypto currencies

Post by DavAdmin » Wed Nov 15, 2017 6:18 pm

Correct, 80% of Bitcoin mining is done in Chinese mega-factories now. Apparently to produce one Bitcoin uses the same amount of electricity as an average US household gets through in a week.

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DavAdmin
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Re: Bitcoin and crypto currencies

Post by DavAdmin » Thu Nov 30, 2017 2:13 am

Here is a bit more on the epic energy consumption of BTC:
http://www.newsbtc.com/2017/11/29/bitco ... nsumption/

And ... Elon Musk, did he? didn't he?
http://ethereumworldnews.com/elon-musk-got-bitcoin/

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