huge dump incoming i hear
Heard it from what source?
His posterior. He's gone full BCH and is now executing stunningly advanced psyops tactics on us all. I've never seen anything quite so refined in all my years of regime destruction.
It looks more like a slow decline from yesterday's blast up. Totally normal.
Retesting old all time high. Business as usual for technical trading
Maybe get worried if we close the week below 4300.
Just closed short and bought dip at 4507 plans to buy more if we can get down to 4450 today.
So in Russia they will make it legal and possible to trade Bitcoin and cryptos for the guys with deep pockets while the average worker will not be allowed to invest in it. This is pretty sad to read and I doubt it will work out.
Probably a thriving black market will exist beside that regulation, as I can not believe people who are aware of cryptos will accept getting robbed the opportunity to invest or speculate with that technology, which could change so many people's situations into a better life.
This is a misdirection to get the USA to think crypto isn't that important. Russia's weak economy can be bolstered if all its citizens bought BTC and they know this. Russia still plans to build massive mining infrastructure
Mining in russia is pretty much the most profitable place to mine
The fight for the last 5 million BTC will take many years and by then the electricity to produce 1 bitcoin will be over 10k even in Russia, and price of BTC probably be at least 100k
So in Russia they will make it legal and possible to trade Bitcoin and cryptos for the guys with deep pockets while the average worker will not be allowed to invest in it. This is pretty sad to read and I doubt it will work out.
Probably a thriving black market will exist beside that regulation, as I can not believe people who are aware of cryptos will accept getting robbed the opportunity to invest or speculate with that technology, which could change so many people's situations into a better life.
This is a misdirection to get the USA to think crypto isn't that important. Russia's weak economy can be bolstered if all its citizens bought BTC and they know this. Russia still plans to build massive mining infrastructure
Mining in russia is pretty much the most profitable place to mine
The fight for the last 5 million BTC will take many years and by then the electricity to produce 1 bitcoin will be over 10k even in Russia, and price of BTC probably be at least 100k
Intersting news - thanks for sharing - hopefully that will add a small increase to the long term value of BTC - good news in my opinion
Its not news just a speculation
I strongly recommend you check your email addresses here
https://haveibeenpwned.com/ 711 million mega dump recently passwords and emails comprised .
Onliner Spambot (spam list): In August 2017, a spambot by the name of Onliner Spambot was identified by security researcher Benkow moʞuƎq. The malicious software contained a server-based component located on an IP address in the Netherlands which exposed a large number of files containing personal information. In total, there were 711 million unique email addresses, many of which were also accompanied by corresponding passwords. A full write-up on what data was found is in the blog post titled Inside the Massive 711 Million Record Onliner Spambot Dump.
I wonder if the hackers got my 2FA too? If you don't use 2FA on email.... i swear.
Nonsense. If the market moves strongly to Bitcoin Cash over Bitcoin Core, then the narrative that 'Bitcoin Cash is The Real Bitcoin' will have been proven true.
It's not a matter of Bitcoin(TM) brand, but who controls the toy. Would you invest in anything hijacked by the 3 stooges?
my problem with selling bitcoin cash and moving it to BTC proper is taxes. IF I ignore it the IRS may call it a stock split...
if I dork with it and move/sell or whatever they may say it is money from air (like mining) and want 47% income tax.
(yeah I'm in that bracket)
so I'm just leaving it alone and playing ignorant (along with my bytetball, bitcore, clams and any other air dropped stuff to my BTC addresses
I just know if I cash out ...that will count as a tax event ..even if I move it in like kind to btc....they will call it mining...or income
from air and tax it like mining....just saying..its the IRS...they really don't like money from air (mining) in the usa..I think they will tag
this as such if you move it....sell it...or whatever..the 2013 IRS guidelines were released 10 days before the tax deadline in 2013....so
I am cautious..(The IRS no like us much me thinks)
why I'm on the fence or my strategy at this time
in a stock split, you are not gifted "free money"
and BCC was NOT free money... someone bid the price up to give it that value. A stock divided the amount of shares by the same amount the price is multiplied by... no wealth is gained. Same thing happened with BCC.
Reason it feels like you made money (is because you did) is the moment it released it was pumped from $15 to $1500. Someone gave BCC its value and took value from the FOMO buyers above $1000 when they dumped.
It wasnt magic money t hough, someone pumped it. If that didn't happen it would be trading at $15 or whatever it opened at.
Why anyone would ever trade a market that is closed more than half the time when there's so many better alternatives is beyond me. Liquidity looks terrible too
Why anyone would ever trade a market that is closed more than half the time when there's so many better alternatives is beyond me. Liquidity looks terrible too
Cos there ain't no tax on it. If you're tax averse it's literally the only game in town, and the entire planet.
Source? Perhaps if you owned it in a Roth IRA... then no tax.
Why anyone would ever trade a market that is closed more than half the time when there's so many better alternatives is beyond me. Liquidity looks terrible too
Cos there ain't no tax on it. If you're tax averse it's literally the only game in town, and the entire planet.
Incredible, its swing low to swing high is massively greater than actual Bitcoin.
I'll hedge some of my actual BTC and invest 10k of my Roth IRA into GBTC (no new net exposure just flipping the exposure to roth IRA)
We'll see if it can keep growing faster than BTC itself...
Seems like 5000$ is not a dream anymore
Now 100 sats = $1.00 is the dream
Wake me up when we've arrived
If 5k touched this week, likely a big sell off. 5200 is better
If we touch 4400 in next 24 hours I may go long (leveraged)
I'd say we're overdue for 30% correction. But I don't condone it.
A 30% correction would not be out of order - however, I doubt that "overdue" is a very decent description of our current bitcoin status.
Also, I think that these various other alts are kind of fucking things up - meaning that it becomes a bit more difficult to discern the various money flows in and out of bitcoin and the strength (or lack thereof) of buying pressures in bitcoin.. I'm thinking at least one more leg up is in the more probable outcomes and then a 30% correction would be fair game from that point... lets get into the $5400 to $6400 range.. then possibly a 30% correction.. If we happen to shoot above $7k, then a 50% correction would be fair.
Well said. Around 7k is the cup and handle breakout target anyway.
