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8:30 So much crap out there and Coinranking.com has over 9.2K.
Bitcoin is not for everyday transactions, it’s a store of value, hence BCH and LTC! XRP is just like dollars, controlled buy a central authority they can create or burn as much as they want! It’s just more efficient.
Just like the elite keep the price pf PM's to around the mining cost, BTC futures are doing the same to the crypto space. But being a deflationary asset unlike the metals we should break free of that a little with next years halving and then each halving after will break us free from futures even more. It will work out for us early investors but it is just going to take longer than if futures were never brought on the space.
Man – no question the mine 👍
Your knowledge is priceless at this point … anybody can buy bitcoin
The more btc locked- the higher the price. Price grows not of changing hands. The reason is the massive refusal to sell.
Blockchain Capital's Spencer Bogart has recently published a list of 2020 predictions for cryptocurrency predictions. The most remarkable one concerns Bitcoin fees that are expected to surpass $100k next year due to the growing demand for transactions.. As a trader, we would have to use this opportunity to accumulate as many coin we could with the best signal. This of course is a good time for me and its been going on for months now, buying cheap and keep trading with David Loghan’s daily signals which I have been using since the last bear market until now and with which i have make at least 3.6 btc in profit every month when i trade actively. David’s daily signals are very accurate and always yields positive return on investment. David is available to give a helping hand Telgram (@davidloghan) on how to trade profitably.
Top Vid Cheers Mate!
Bitcoin is garbage. Buy Tezos and VeChain.
The cost to mine one Bitcoin varies by country and can cost less than $2000.00. Perhaps your bottom target of $6500.00 is a bit off. (pun intended)
one reason that Bitcoin is not moving is due to Gresham's Law: People are becoming more aware of the futility and risk involved with Fiat currencies…around the world: https://en.wikipedia.org › wiki › Gresham's_law
In economics, Gresham's law is a monetary principle stating that "bad money drives out good". For example, if there are two forms of commodity money in circulation, which are accepted by law as having similar face value, the more valuable commodity will gradually disappear from circulation.
Thought Experiment for Uncovered Bitcoin Certificates :
You are to have sold uncoverd bitcoin certificates. You have colledted 100Mio$ with this fraudulent activity. You know that you will have to pay back investors money at any time they are to claim their investment. Would you rather have bitcoin price rise or fall ?
Thew answer is, of course "fall". Because then you will never have to pay back as much fiat as you collected previously.
Any thoughts on this thought experiment ?
Finaly someone is talking sense. For every locked btc there is 10 btc on paper. So supply is 10x more and price is low.
Also what is crypto custody? Off chain bitcoin in vault?
If the halving fails to bring new interest and buyers it is over
Man you should shake hands with chico crypto
Bcash = trash
are you telling us that miners (you and those you know) will start buying at 6500 to help the bottom set in?
I think waiting for a 6,400 bottom is a gamble when you can get it now for 7100. You have the largest mining facility in Texas now and "CAN" quietly listed on the NASDAQ. It's said the Bitmain also applied for a listing confidentially. They are prepping for what is likely going to be a lot of exposure and I don't think that exposure is coming in the form of a btc breakdown.
Why are your miners not working?
Maybe cause the mining farms are off line?
6500 is the cost to mine in the real world. In China the cost to mine is closer to 3500
The real bottom is below 3 k.
So, Bitcoin will be trap below 6 k for at least 1 year.
———-
I would have bought gold 🤗
Guy just wants more transactions simply
BTC is too slow to be used as a cutrency
Grear Vid! What do you think of them bitcoin mining websites that claim 200%,300% interest on your deposits? Is that even possible?