milwaukee mike Posted July 24, 2018 Report Share Posted July 24, 2018 I read today that 58% of Canadians own some BtcIf the ETF happens you will see much higher valuations about 5% of canadians own btc, not 58% the number you read is from this article, that says OF THE PEOPLE OWNING BITCOIN IN CANADA, 58% of them hold it for investment https://cointelegraph.com/news/bank-of-canada-study-finds-58-of-canadians-own-btc-for-investment-purposes Quote Link to comment Share on other sites More sharing options...
IAG Posted July 24, 2018 Report Share Posted July 24, 2018 yeah we have ATMs what I mean is that I have not found a company that will send me an ATM BTC card... so I can actually use them Wirex stiffed meAh.....There are some new visa link cards out there I believe these days. I’m mostly a HODLer, although I was looking for someone to clean my gutters the other day. Found a national service with franchises. It said they accepted BTC. I was so excited that I was going to hire them no matter the cost. Sent them an email and asked to confirm that they excepted bitcoin. They responded they did not accept bitcoin. I responded “your ad says you take bitcoin.” They responded they would check with management. They then responded that they do take PayPal. I asked, “what about bitcoin? “They were expensive in my opinion, and I would’ve patrinized them just to spend some bitcoin to help do my part in adoption, but I think it was a thing they put up there because it was trendy, and not because they expected anyone to really use it. In the end, the final answer was they do not accept BTC. Their webpage still says they accept Bitcoin. Quote Link to comment Share on other sites More sharing options...
IAG Posted July 24, 2018 Report Share Posted July 24, 2018 about 5% of canadians own btc, not 58% the number you read is from this article, that says OF THE PEOPLE OWNING BITCOIN IN CANADA, 58% of them hold it for investment https://cointelegraph.com/news/bank-of-canada-study-finds-58-of-canadians-own-btc-for-investment-purposes Give it time lol....what a misleading title though! Quote Link to comment Share on other sites More sharing options...
MonkeyF0cker Posted July 24, 2018 Report Share Posted July 24, 2018 About to short BTC on the next down tick. Quote Link to comment Share on other sites More sharing options...
IAG Posted July 24, 2018 Report Share Posted July 24, 2018 About to short BTC on the next down tick.You might do it now...breaking.....meanwhile I’ll probably be buying if price drops. https://cointelegraph.com/news/us-sec-delays-decision-on-direxion-bitcoin-etf-until-september Quote Link to comment Share on other sites More sharing options...
Dingo Posted July 24, 2018 Report Share Posted July 24, 2018 about 5% of canadians own btc, not 58% the number you read is from this article, that says OF THE PEOPLE OWNING BITCOIN IN CANADA, 58% of them hold it for investment https://cointelegraph.com/news/bank-of-canada-study-finds-58-of-canadians-own-btc-for-investment-purposesWishful thinking I guess on my part Quote Link to comment Share on other sites More sharing options...
Dingo Posted July 24, 2018 Report Share Posted July 24, 2018 That’s because XRP is a shitcoin...lol....most of the top 10 coins have had a positive week/month. Bitcoin tearing it up though. In other news..https://blokt.com/news/eos-smashes-blockchain-records-with-transaction-speeds-faster-thanYes EOS is ranked very high especially in AsiaMight actually sell some of my Btc to buy some for the very first timeCurrently hold a shit ton of BAT Quote Link to comment Share on other sites More sharing options...
IAG Posted July 24, 2018 Report Share Posted July 24, 2018 Yes EOS is ranked very high especially in AsiaMight actually sell some of my Btc to buy some for the very first timeCurrently hold a shit ton of BATNot just very high, but #1 for the second consecutive month....so fast, so cheap https://dailyhodl.com/2018/07/22/mike-novogratz-says-eos-will-soon-reach-50000-transactions-per-second/ https://www.ccn.com/eos-leads-chinas-blockchain-rankings-again-bitcoin-still-out-of-top-15/ Quote Link to comment Share on other sites More sharing options...
MonkeyF0cker Posted July 25, 2018 Report Share Posted July 25, 2018 I shorted BTC. Quote Link to comment Share on other sites More sharing options...
IAG Posted July 25, 2018 Report Share Posted July 25, 2018 I shorted BTC.At what price? Quote Link to comment Share on other sites More sharing options...
MonkeyF0cker Posted July 25, 2018 Report Share Posted July 25, 2018 8250 and 8200. Quote Link to comment Share on other sites More sharing options...
milwaukee mike Posted July 26, 2018 Report Share Posted July 26, 2018 8250 and 8200. any exit points on the downside/upside? Quote Link to comment Share on other sites More sharing options...
MonkeyF0cker Posted July 26, 2018 Report Share Posted July 26, 2018 I have a stop loss buy order at 9000 and a limit buy order at 7200 to close out the positions in either case. Quote Link to comment Share on other sites More sharing options...
IAG Posted July 26, 2018 Report Share Posted July 26, 2018 Winklevi ETF rejected by SEC...VanEck App still pending Quote Link to comment Share on other sites More sharing options...
MonkeyF0cker Posted August 3, 2018 Report Share Posted August 3, 2018 I have a stop loss buy order at 9000 and a limit buy order at 7200 to close out the positions in either case.Killed the stop loss at $9k. Moved it to $7750. So, I will at least lock in some profit if the market moves higher. Quote Link to comment Share on other sites More sharing options...
MonkeyF0cker Posted August 3, 2018 Report Share Posted August 3, 2018 In a position to profit either roughly 5.5% x leverage or 12% x leverage. Quote Link to comment Share on other sites More sharing options...
Colonel Lingus Posted August 3, 2018 Report Share Posted August 3, 2018 what's the best exchange now days in your guys opinion? i used to use (and love) bitfinex till they booted us customers i prefer one based outside the US and mainly do fairly infrequent low to mid five fig wire transfers thanks Quote Link to comment Share on other sites More sharing options...
milwaukee mike Posted August 3, 2018 Report Share Posted August 3, 2018 what's the best exchange now days in your guys opinion? i used to use (and love) bitfinex till they booted us customers i prefer one based outside the US and mainly do fairly infrequent low to mid five fig wire transfers thanks i pretty much only use the kraken now that it works for me Quote Link to comment Share on other sites More sharing options...
MonkeyF0cker Posted August 4, 2018 Report Share Posted August 4, 2018 In a position to profit either roughly 5.5% x leverage or 12% x leverage.Hit the good side. Quote Link to comment Share on other sites More sharing options...
MonkeyF0cker Posted August 4, 2018 Report Share Posted August 4, 2018 Might be some more downside to come... Not going to press it though. Quote Link to comment Share on other sites More sharing options...
milwaukee mike Posted August 8, 2018 Report Share Posted August 8, 2018 big leg down here anyone holding any of this garbage? alts taking the worst of it like usual lately... sitting at $240 billion or so total market cap, hovering near the 2018 lows... excluding bitcoin it's way below previous lows Quote Link to comment Share on other sites More sharing options...
MonkeyF0cker Posted August 8, 2018 Report Share Posted August 8, 2018 If you bought a GTX 1070 GPU to mine ETH today (still in the top 2 coins of mining profitability for GPU's), it would take you 512 days to break even (on the card alone.. not including motherboard, hard drive, RAM, power supply, etc.) at the current valuation and difficulty of you had access to free electricity. If you pay $0.10/kWh for electricity, it would take approximately 816 days to break even on the card alone. Compare that to a year ago when that same break even while paying for electricity was approximately two months (~60 days). Miners will be getting slaughtered pretty soon. Quote Link to comment Share on other sites More sharing options...
milwaukee mike Posted August 8, 2018 Report Share Posted August 8, 2018 If you bought a GTX 1070 GPU to mine ETH today (still in the top 2 coins of mining profitability for GPU's), it would take you 512 days to break even (on the card alone.. not including motherboard, hard drive, RAM, power supply, etc.) at the current valuation and difficulty of you had access to free electricity. If you pay $0.10/kWh for electricity, it would take approximately 816 days to break even on the card alone. Compare that to a year ago when that same break even while paying for electricity was approximately two months (~60 days). Miners will be getting slaughtered pretty soon. miners have already been slaughtered... I've always said that cryptos are far different than precious metals, at some point gold/silver/platinum won't trade much below the mining cost because there is always inherent investment demand cryptos are the opposite, there is always inherent supply because of the ico's and creators that gave themselves tons of free money out of thin air, and at some point there is no demand for a worthless asset how is eth in the top 2 coins of mining profitability? aren't DCR and AION much more profitable (among others)? https://www.cryptocompare.com/mining/calculator/dcr?HashingPower=2400&HashingUnit=GH%2Fs&PowerConsumption=1000&CostPerkWh=0.12&MiningPoolFee=1 Quote Link to comment Share on other sites More sharing options...
mikeman Posted August 8, 2018 Report Share Posted August 8, 2018 Imagine if gold miners were doing all that digging,expending all those resources, etc, but were really not finding any gold, if it was all pretend? Would that make sense? Quote Link to comment Share on other sites More sharing options...
milwaukee mike Posted August 8, 2018 Report Share Posted August 8, 2018 Imagine if gold miners were doing all that digging,expending all those resources, etc, but were really not finding any gold, if it was all pretend? Would that make sense? that happened, it was called BRE-X company even painted rocks gold and pretended they were real to investors/analysts/bankers $6 billion at the time was a major fraud... now eos is still worth almost $6 billion and nobody seems to care that it's a total fraud Quote Link to comment Share on other sites More sharing options...
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