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Reminder: Sizable number of crypto investors are DCAing into long positions
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Date: June 24th, 2018 2:57 PM Author: Topaz Concupiscible Dopamine Library The bottom can't be timed...Long-term holders are eating up circulating supplies in preparation for BTC 25K (http://www.autoadmit.com/thread.php?thread_id=4009342&forum_id=7#36301849) |
Date: June 24th, 2018 3:49 PM Author: naked pontificating tanning salon roast beef I like crypto but hate Bitcoin.
I would maybe buy ETH at $100 if it had a single good dapp. |
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Date: June 24th, 2018 4:13 PM Author: Topaz Concupiscible Dopamine Library Cost of mining a single BTC is $6K...If historical ratios hold along with 6K BTC floor, days of $100 ETH may be gone. Like it or not, BTC is considered a commodity to which the entire crypto market is tied (http://www.autoadmit.com/thread.php?thread_id=4009342&forum_id=7#36302146) |
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Date: June 24th, 2018 5:32 PM Author: Cerise rehab so's ETH tho (http://www.autoadmit.com/thread.php?thread_id=4009342&forum_id=7#36302480) |
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Date: June 24th, 2018 6:17 PM Author: Topaz Concupiscible Dopamine Library Until there are dapps, Eth is riding Btc coattails. And if the whole currency idea never takes off at least Btc can hold value as a commodity/digital gold (http://www.autoadmit.com/thread.php?thread_id=4009342&forum_id=7#36302643) |
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Date: June 24th, 2018 8:49 PM Author: naked pontificating tanning salon roast beef Its not a commodity like oil that will find its price at the lowest marginal producer (even if it was, that could be in China at $3,000, not $6,000). Its price is whatever buyers and sellers determine, which could easily fall beneath production. (http://www.autoadmit.com/thread.php?thread_id=4009342&forum_id=7#36303361) |
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Date: June 24th, 2018 8:53 PM Author: nubile internal respiration associate U buyin or holding? (http://www.autoadmit.com/thread.php?thread_id=4009342&forum_id=7#36303385) |
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Date: June 24th, 2018 10:32 PM Author: Ruby shaky dysfunction stage too much logic for this board (http://www.autoadmit.com/thread.php?thread_id=4009342&forum_id=7#36303864) |
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Date: June 24th, 2018 10:56 PM Author: odious hell genital piercing miners will stop production if they're no longer able to sell at a profit don't you think (http://www.autoadmit.com/thread.php?thread_id=4009342&forum_id=7#36303979) |
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Date: June 25th, 2018 12:07 AM Author: Stimulating circlehead they'll just direct their machines to mine NIGR (http://www.autoadmit.com/thread.php?thread_id=4009342&forum_id=7#36304295) |
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Date: June 25th, 2018 1:13 AM Author: odious hell genital piercing (http://www.autoadmit.com/thread.php?thread_id=4009342&forum_id=7#36304447) |
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Date: June 25th, 2018 12:53 PM Author: Topaz Concupiscible Dopamine Library This is what happened yesterday when we went sub 6k...they don't mine if it's not profitable. Any commodity can be sold for an agreed upon price below production cost. The utility of BTC is really the more questionable component of the equation.
Tether production conveniently kicks in when mining profitability declines. |