Bitcoins/Litecoins/Virtual Currencies

  • Guest, it's time once again for the massively important and exciting FoH Asshat Tournament!



    Go here and give us your nominations!
    Who's been the biggest Asshat in the last year? Give us your worst ones!
Haus

Haus

<Silver Donator>
12,701
49,321
Arden said:
Yeah the China thing is going to be super interesting. I totally agree it would be a good idea to go ahead and get them removed from the space now rather than later. BUT, my understanding is that they are still very, very invested in the space. A huge portion of BTC mining still comes from them. To have them suddenly drop out the BTC picture completely would likely have an absolutely devastating (if temporary) impact on the crypto ecosystem.

Of course China could always fully embrace VET and make it so that I never have to work again :emoji_grin:
Click to expand...

Well. the move of major chains off PoW will neuter the amount of raw computational hash power crypto requires. Which is good. The advent of newer style technologies might also impact this some. Take away the need for PoW hash mining and China suddenly has a lot of very underutilized ASICs sitting around.
 
Arden

Arden

Blackwing Lair Raider
2,728
2,055
Haus said:
Well. the move of major chains off PoW will neuter the amount of raw computational hash power crypto requires. Which is good. The advent of newer style technologies might also impact this some. Take away the need for PoW hash mining and China suddenly has a lot of very underutilized ASICs sitting around.
Click to expand...

Well, right- but BTC isn't moving away from PoW, which gives China considerable power over BTC, which is the bellwether for all crypto.
 
Tmac

Tmac

Adventurer
<Aristocrat╭ರ_•́>
9,969
16,981
The current squeeze looks a lot like the last squeeze. In both scenarios you have an immediate sign of downward momentum (long wick below the low line) at the beggining of the squeeze, followed by upward momentum.

But, isn't the meta here supposed to last months before we see upward pressure?

Capture.PNG
 
Rajaah

Rajaah

Honorable Member
<Gold Donor>
12,508
16,531
Arden said:
That honestly looks pretty close to me. And it also supports Haus Haus theory that we are between Phase e of distribution and Phase A of accumulation.

If that's true, we still have a ways to go before we hit bottom and begin to climb back up again.
Click to expand...

I also believe we've got a bit further down to go (though probably not much) which is why I'm holding on a lot of buy-ins that I want to make.

James James Think TrueBit is going to dive more or will it swim upstream in this environment? Since it's at around half of my buy-in value and has been holding steady at/above that point, I'd like to add more before July.
 
Jive Turkey

Jive Turkey

Karen
6,720
9,081
Any of you guys have thoughts about Nervos Network? Seems like an ambitious project with a still low marketcap. And they've just partnered with Cardano, which can't be a bad move.
I've been reading a lot of positives, but looking for some negatives
 
Tmac

Tmac

Adventurer
<Aristocrat╭ರ_•́>
9,969
16,981
Jive Turkey said:
Any of you guys have thoughts about Nervos Network? Seems like an ambitious project with a still low marketcap. And they've just partnered with Cardano, which can't be a bad move.
I've been reading a lot of positives, but looking for some negatives
Click to expand...

If you want to bet against ETH be my guest, but I'm not gonna take that bet.
 
Daezuel

Daezuel

Potato del Grande
23,404
50,190
Well at least we can all get together and make fun of Cardano. (I can't wait to dig this post up when we're all wrong and it's worth $100)
 
  • 1Solidarity
  • 1Like
Reactions: 1 users
Flobee

Flobee

Vyemm Raider
2,674
3,070
swayze22 said:
you are all definitely 100% wrong on cardano.
Click to expand...
Of all the layer1 shitcoins Cardano still can't even do smart contract. Hoskinson is a scammer. Number will probably go up though because there are a lot of scammers + suckers out there.
 
James

James

Ahn'Qiraj Raider
2,804
7,056
Rajaah said:
James James Think TrueBit is going to dive more or will it swim upstream in this environment? Since it's at around half of my buy-in value and has been holding steady at/above that point, I'd like to add more before July.
Click to expand...

Beats the shit out of me, tbh. I'm not really that interested in the short term price, but the TRU/ETH ratio is just about the lowest it has been since April 30th. I think any price you can get before tasks are generated on mainnet is going to be a good price in the long run.
 
Jackie Treehorn

Jackie Treehorn

<Gold Donor>
2,906
7,478
Tmac said:
Jackie Treehorn Jackie Treehorn what's your next play?
Click to expand...
I haven’t bought or sold anything in weeks. I have money in Ethereum, MATIC, and TrueBit. That’s it. Just holding. I was spending too much time perpetually fiddling with things (and mind you I was doing great at it) but it was taking up too much time of my life to do so.

Ergo I’ve entered set it and forget it mode. I haven’t even been reading that much lately or keeping up with crypto news like I was.

2967C010-60B1-4855-A3C4-1DF7A367E8B4.gif
 
  • 2Like
Reactions: 1 users
Sanrith Descartes

Sanrith Descartes

You have insufficient privileges to reply here.
<Aristocrat╭ರ_•́>
44,475
120,591
Jackie Treehorn said:
I haven’t bought or sold anything in weeks. I have money in Ethereum, MATIC, and TrueBit. That’s it. Just holding. I was spending too much time perpetually fiddling with things (and mind you I was doing great at it) but it was taking up too much time of my life to do so.

Ergo I’ve entered set it and forget it mode. I haven’t even been reading that much lately or keeping up with crypto news like I was.

View attachment 357818
Click to expand...
Translation: His old lady told him to quit wasting time with that trading shit and to go clean out the garage.
 
  • 1Worf
Reactions: 1 user
You must log in or register to reply here.