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Re: Bitcoin and crypto currencies

Posted: Sat Dec 09, 2017 5:58 pm
by Doc
https://hedgeaccordingly.com/2017/12/bi ... mount.html

Bitcoin races towards $17,000 as liquidity concerns mount

Re: Bitcoin and crypto currencies

Posted: Sat Dec 09, 2017 6:59 pm
by DavAdmin
The market has already corrected and it is back to $14,000 now.

Litecoin is the one to watch, up 50% in a couple of days.

Re: Bitcoin and crypto currencies

Posted: Sun Dec 10, 2017 12:05 pm
by Doc
DavAdmin wrote:
Sat Dec 09, 2017 6:59 pm
The market has already corrected and it is back to $14,000 now.

Litecoin is the one to watch, up 50% in a couple of days.
I am wondering how much effect the up coming Bitcoin futures trading has to do with the rise?

https://www.bloomberg.com/news/articles ... r-products

Re: Bitcoin and crypto currencies

Posted: Sun Dec 10, 2017 3:39 pm
by neverfail
http://www.smh.com.au/business/bitcoin- ... 4yxki.html

Bitcoin looks like a bubble, New Zealand's central banker warns.

Take heed!

Re: Bitcoin and crypto currencies

Posted: Mon Dec 11, 2017 8:26 am
by Doc
neverfail wrote:
Sun Dec 10, 2017 3:39 pm
http://www.smh.com.au/business/bitcoin- ... 4yxki.html

Bitcoin looks like a bubble, New Zealand's central banker warns.

Take heed!

There is another issue for BitCoin to work people have to spend it to buy things other than other currencies(Cashing in on an "Investment") 50% rise in vaue is either a bubble or massive deflation. The first thing ever bought with bitcoin was two pizzas in 2010. Today the dollar value of the bitcoin price for those two pizzas is $70,000,000.00

http://www.businessinsider.com/bitcoin- ... ion-2017-5

Re: Bitcoin and crypto currencies

Posted: Mon Dec 11, 2017 10:08 am
by SteveFoerster
neverfail wrote:
Sun Dec 10, 2017 3:39 pm
http://www.smh.com.au/business/bitcoin- ... 4yxki.html

Bitcoin looks like a bubble, New Zealand's central banker warns.

Take heed!
Because if anyone has an unbiased opinion about an alternative to central bank issued currency, it's definitely a central banker. :twisted:

Re: Bitcoin and crypto currencies

Posted: Mon Dec 11, 2017 10:09 am
by SteveFoerster
Doc wrote:
Wed Dec 06, 2017 8:31 pm
I would except to see a bumper sticker that says something like Economists do it with blocks and chains.
That still wouldn't be better than "economists do it with models". ;)

Re: Bitcoin and crypto currencies

Posted: Mon Dec 11, 2017 10:33 am
by Doc
SteveFoerster wrote:
Mon Dec 11, 2017 10:09 am
Doc wrote:
Wed Dec 06, 2017 8:31 pm
I would except to see a bumper sticker that says something like Economists do it with blocks and chains.
That still wouldn't be better than "economists do it with models". ;)
True. Why didn't someone tell me that while I was still in college? :lol:

Re: Bitcoin and crypto currencies

Posted: Mon Dec 11, 2017 10:38 am
by Doc
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.
You can if you live in the right country(Low electric rates) and buy bitcoin mining hardware (Around $2200 per machine) However the majority of bitcoins may have already been mined. Certainly by 2020 they will have been.

Re: Bitcoin and crypto currencies

Posted: Mon Dec 11, 2017 11:27 am
by Doc
Doc wrote:
Mon Dec 11, 2017 10:38 am
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.
You can if you live in the right country(Low electric rates) and buy bitcoin mining hardware (Around $2200 per machine) However the majority of bitcoins may have already been mined. Certainly by 2020 they will have been.
I saw a pretty well done video over the weekend about mining bitcoins. The guy that did it is German Unfortunately I watched it on my smart TV and didn't get a link.

Here are several that together cover much of the same ground





Then of course you can used your bitcoin smelter to heat your house in teh winter are n additional cost.



But given that Bitcoin mining machines put out hot air the only thing actually needed to heat a home with them is a house ducting system.