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The rise of CRYPTO - Bitcoin, LTC, Ether, Dash, Monero

  • #4,121
  • Oct 27, 2019 10:57am Oct 27, 2019 10:57am
When i said I'm adding, and coins are flying i didn't expect such flight.

9535 green

Market Cap: $251,248,802,688 • 24h Vol: $103,503,488,622 •
BTC Dominance: 68.3% •
Cryptocurrencies: 3047 • Markets: 21139
Beware of robber banks (RB), bad advisors.
  • #4,122
  • Oct 27, 2019 12:48pm Oct 27, 2019 12:48pm
Quoting Not-KPMG
{quote} One correction Libra, by design, is not crypto. It's worse trash than McDonald vouchers. If they give me vouchers i won't eat McDonald rejected meat (i hear idiotic advertising on the radio - hence obviously it's 15th grade food) but I'd take the vouchers and give to homeless folks. I wouldn't accept Libra unless they pay me $$€€ to take Libra.
What is it then?
  • #4,123
  • Oct 27, 2019 2:21pm Oct 27, 2019 2:21pm
Quoting mlawson71
{quote} What is it then?
Are you asking about McDonalds voucher?

It's a piece of paper. Says McDonalds on it
And says a burger or $5 or something.
Funny part is - they can PRINT WHATEVER MANY they want.
They can withdraw or cancel them vouchers.

They can refuse service for whatever reason.
If you use 4 vouchers they can call cops on you for "fat food embezzlement "

They can say "machine is broken, can't scan it" and YOU GO HUNGRY.

They can do.....whatever THEY WANT.


And that makes McDonalds voucher A BAD CURRENCY.
Akin to dollars though or euro

...
To summarize - just a piece of colourful paper or electronic picture or email etc.
Beware of robber banks (RB), bad advisors.
  • #4,124
  • Oct 27, 2019 2:25pm Oct 27, 2019 2:25pm
So....
Wait....

Quoting mlawson71
{quote} What is it then?
OMG.
Did you ask about Libra???

Well my friend, answer is exactly the same - piece of colourful something that THEY CAN DO WHATEVER WITH.

Also they can track you in real time.
So Libra the scam has one advantage over McDonalds voucher
Beware of robber banks (RB), bad advisors.
  • #4,125
  • Oct 27, 2019 2:27pm Oct 27, 2019 2:27pm
Honest mistake above

Bitcoin 9700 now.
I bought some
Beware of robber banks (RB), bad advisors.
  • #4,126
  • Oct 27, 2019 2:35pm Oct 27, 2019 2:35pm
End of October 16000?


That's what the man (or woman) said
Beware of robber banks (RB), bad advisors.
  • #4,127
  • Oct 27, 2019 2:40pm Oct 27, 2019 2:40pm
On Libra

https://www.ccn.com/facebook-libra-c...is-fake-money/


Fiat currencies are inflationary; they enrich some at the expense of many others. The issuance of fiat currencies causes distortions in the credit markets, which provokes speculative bubbles and triggers booms and busts, and last but not least, fiat currencies lead the economies into over-indebtedness.”
Nooooooooo


“Sound money” is a term that has evolved over the years. Where once it might have referred exclusively to gold-backed currencies, it can now refer to things like Bitcoin.
Speaking of Bitcoin, Polleit – the chief economist at Degussa

Beware of robber banks (RB), bad advisors.
  • #4,128
  • Oct 28, 2019 5:23am Oct 28, 2019 5:23am
What's up with ETH guys? Do you think it'll go up?
  • #4,129
  • Oct 28, 2019 9:26am Oct 28, 2019 9:26am
Quoting Not-KPMG
On Libra https://www.ccn.com/facebook-libra-c...is-fake-money/ Fiat currencies are inflationary; they enrich some at the expense of many others. The issuance of fiat currencies causes distortions in the credit markets, which provokes speculative bubbles and triggers booms and busts, and last but not least, fiat currencies lead the economies into over-indebtedness.” Nooooooooo “Sound money” is a term that has evolved over the years. Where once it might...
Theres a project we are working on which is a big proponent of sound money, backed by silver. https://agxpay.com.. I think its unique if people believe in a cross between silver backed money and crypto
  • #4,130
  • Oct 28, 2019 9:59am Oct 28, 2019 9:59am
Quoting sidhujag
{quote} Theres a project we are working on which is a big proponent of sound money, backed by silver. https://agxpay.com.. I think its unique if people believe in a cross between silver backed money and crypto
I actually invested in DGD.

It's a holding gold -reserve thing. Run from Singapore.

DGD was falling heavily though - it's related massively to Ethereum. Pain in the a.s.

Beware of robber banks (RB), bad advisors.
  • #4,131
  • Oct 28, 2019 10:08am Oct 28, 2019 10:08am
Bitcoin takes a little hit today, or correction.

9300 area.

Looking at gold - severe down, due to Brexit liars postponed NEXT LIES for January.
So dispose of gold and (fundamentally) add to bitcoin.

Next halving is in April.
April 2020.

I know what some sites say - May.
It'll pull forward.
Don't ask
Beware of robber banks (RB), bad advisors.
  • #4,132
  • Oct 28, 2019 2:21pm Oct 28, 2019 2:21pm
Quoting Not-KPMG
{quote} Are you asking about McDonalds voucher? It's a piece of paper. Says McDonalds on it And says a burger or $5 or something.
  • #4,133
  • Oct 28, 2019 2:28pm Oct 28, 2019 2:28pm
Quoting Not-KPMG
Bitcoin takes a little hit today, or correction. 9300 area. Looking at gold - severe down, due to Brexit liars postponed NEXT LIES for January. So dispose of gold and (fundamentally) add to bitcoin. Next halving is in April. April 2020. I know what some sites say - May. It'll pull forward. Don't ask
Most sites are just taking the 10 minute blocktime and multiplying that by the blocks remaining before the halving, although most blocks mine below/above that it should roughly average out.

I know you said don't ask, but what makes you think it'll come sooner?
  • #4,134
  • Oct 28, 2019 3:54pm Oct 28, 2019 3:54pm
Quoting Hasher
{quote} Most sites are just taking the 10 minute blocktime and multiplying that by the blocks remaining before the halving, although most blocks mine below/above that it should roughly average out.

I know you said don't ask, but what makes you think it'll come sooner?

Hi Hasher
What are you hashing?

When i put a lot of winkey faces or crying it's all ironic and mostly to be taken OPPOSITE

Of course we should ask. We must ask or it's waste of opportunity.....

Like Brexit liars - asked for 5th extension and all 5 were FINAL DEADLINE
Ohhh boy DID THEY ASK

So - the April halving.
This 10 minutes you said, it's been constantly shorter.
Why?
Difficulty rises 4 times dips twice. So it's NOT AVERAGE.

Lately 110 EHashes. Was 40 EH some 7 months ago
With prices expected to rise, mining power will rise.... difficulty adjustment .....that pulls halving date forward. I'd say each 14 days it'll pull half a day forward.
And it'll be April.

Anyone care to check my math?

Beware of robber banks (RB), bad advisors.
  • #4,135
  • Oct 28, 2019 4:59pm Oct 28, 2019 4:59pm
Hi

To add to above "top of my head" calculation

In last 5 months there's been 14 adjustments and 11 of them up, 2 down.

Overall the adjustment interval has been 13.1 days.

So yes, my quick logic was spot on.

Now the bitcoin calendar says 14 May?
I thought it said 3-4 of May...
Odd how they change it

Anyway ,i say end April
Beware of robber banks (RB), bad advisors.
  • #4,136
  • Oct 28, 2019 5:06pm Oct 28, 2019 5:06pm
Halving - what u need to know.

2020 Bitcoin halving mining rewards will drop from 12.5 Bitcoins per block, to 6.25 Bitcoins per block.

This will reduce Bitcoin’s yearly inflation to 1.8%, in contrast, Gold’s yearly inflation averages 3%. Meaning that Bitcoin will become even more scarce than Gold



At the time of the 2020 halving, 18,375,000 Bitcoins will have been mined in total. That’s approximately 87% of the total Bitcoin supply.
Now, many estimate that over 25% of all Bitcoins have been already lost. This would mean that at the time of the halving there would in fact only be around 13,700,000 Bitcoin available. That’s not even 0.002 Bitcoin for every human on Earth!


What then??
Right after the first halving in 2012, the Bitcoin price rose from $12 to $140.
Weeks after the second halving in 2016, Bitcoin started a rally that propelled its price from $582 to $20,000.

The past 2 halving rallies where exclusively fueled by retail money. However, all signs indicate that large institutions (like Fidelity, NASDAQ, and JP Morgan), are getting their Bitcoin investment infrastructure ready right in time for the Bitcoin halving.
It’s not too outlandish to think that they are aware of the impact of the Bitcoin halving a...


You can just keep your coins in your wallet like you regularly do. Simply sit back and relax, and watch how impressive it is to have a form of money that controls its own monetary policy.
Beware of robber banks (RB), bad advisors.
  • #4,137
  • Oct 28, 2019 5:11pm Oct 28, 2019 5:11pm
Today LN data

Nodes 10,285 +2.62%

Average Node Capacity
0.140 BTC
$1,322.02

Average channel age
7 months

Median Base Fee
1.000000 sat
$0.000094745


One satoshi fee!!!!!!

LOL.
Where are the dumgufguts that said crypto is expensive
Beware of robber banks (RB), bad advisors.
  • #4,138
  • Oct 28, 2019 5:12pm Oct 28, 2019 5:12pm
Quoting browny
What's up with ETH guys? Do you think it'll go up?
It will probably go up a bit. But ETH has not come anywhere close to matching it's Dec 2017 highs. BTC on the other hand...

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  • #4,139
  • Oct 28, 2019 5:15pm Oct 28, 2019 5:15pm
i mean transaction fee. Dirty cheap .

On the big bitcoin network, median fee is 62 cents with most 35-40 cents.
I personally pay 25 cents when i send.

https://bitinfocharts.com/bitcoin/
Beware of robber banks (RB), bad advisors.
  • #4,140
  • Oct 28, 2019 5:17pm Oct 28, 2019 5:17pm
Quoting cryptocow
{quote} It will probably go up a bit. But ETH has not come anywhere close to matching it's Dec 2017 highs. BTC on the other hand... {image} {image}
Ethereum was and always will be too complex for the masses.

Plus the ripoff they staged with 10000 ICOs or more
Beware of robber banks (RB), bad advisors.
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