$ (BTC) The Bitcoin Thread - NO SHITCOINERS ALLOWED

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Ahriman said:
Compelling arguments. I guess this means I should become a Monero enjoyer?
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Why are you wanting to get into Monero? Are you wanting to invest?
As much as I'm an advocate for privacy and privacy based currency, you're not going to make money on Monero.
Gov hates privacy coins, and will crush them in the dirt. For things to pump they have to be on exchanges, and privacy coins are being delisted left and right.

However, mining Monero is awesome, since you can do cpu mining.
 
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world of shit said:
Why are you wanting to get into Monero? Are you wanting to invest?
As much as I'm an advocate for privacy and privacy based currency, you're not going to make money on Monero.
Gov hates privacy coins, and will crush them in the dirt. For things to pump they have to be on exchanges, and privacy coins are being delisted left and right.

However, mining Monero is awesome, since you can do cpu mining.
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I think it's time for me to get into crypto and considering what I've seen so far, along with his argument for going Monero, I'd say it's fairly reasonable.

As for making money, it's too early to tell. For now I'll just leave an old rig crunching and see what comes out of it.
 
Ahriman said:
I think it's time for me to get into crypto and considering what I've seen so far, along with his argument for going Monero, I'd say it's fairly reasonable.

As for making money, it's too early to tell. For now I'll just leave an old rig crunching and see what comes out of it.
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If mining is your bag, Monero is a good choice for cpu. If you have a decent GPU, you can also get good returns with ETH. I have a 3080 and a 2080 that mine ETH right now. I mine ETH while playing video games and don't notice a big difference unless it's a resource hog like cyberpunk.

However, best way to get into crypto is just purchase some. You don't have to throw a bunch into it. Even throwing $100 into bitcoin in 2018 would net you $1300 today. Make sure to secure your wallet and shit.

According to our favorite potatohead asian cryptoautist, f2pool is still trying to drive prices down by flooding the the markets to sell btc, but there's just too much buying pressure right now.

 
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world of shit said:
However, best way to get into crypto is just purchase some. You don't have to throw a bunch into it. Even throwing $100 into bitcoin in 2018 would net you $1300 today. Make sure to secure your wallet and shit.
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I'd wait until the price crashes hard rather than do it right now, though. I honestly think if you bought it now you'd still eventually turn a profit but you'd have to hold on during a scary rollercoaster ride first.
 
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AnOminous said:
I'd wait until the price crashes hard rather than do it right now, though. I honestly think if you bought it now you'd still eventually turn a profit but you'd have to hold on during a scary rollercoaster ride first.
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Or, instead of trying to time a violate asset, you dollar cost average your purchase over a fixed period of time.

I've lost more potential gains trying to time the market for tops and bottoms.
 
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AnOminous said:
I'd wait until the price crashes hard rather than do it right now, though. I honestly think if you bought it now you'd still eventually turn a profit but you'd have to hold on during a scary rollercoaster ride first.
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I have a coin flip in my head on what crypto is going to do when the crash hits. Before any time the market takes a dump crypto does too. But that was before it started taking the form of a hedge against risk. Which is why all these companies started buying BTC and ETH. When the market takes a dump assets like Gold tend to perform well. Dont know if Crypto has slipped into this category yet though. There really is no way to tell until the crash actually happens.
 
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mindlessobserver said:
I have a coin flip in my head on what crypto is going to do when the crash hits. Before any time the market takes a dump crypto does too. But that was before it started taking the form of a hedge against risk. Which is why all these companies started buying BTC and ETH. When the market takes a dump assets like Gold tend to perform well. Dont know if Crypto has slipped into this category yet though. There really is no way to tell until the crash actually happens.
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Are there any signs pointing to a crash yet, I know the price of BTC surged for a bit.
 
Secret Asshole said:
Are there any signs pointing to a crash yet, I know the price of BTC surged for a bit.
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Nothing beyond the usual over stimulating the economy with the money printer and forcing stocks and assets to defy all laws of nature by increasing as productivity declines. I've also seen more nervous speculation in official financial news. That and businesses and hedge funds sudden desire to convert their dollars into crypto which is what is driving the insane price of BTC and ETH.
 
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Tookie said:
I think it will dip but I'm not expecting a crash anywhere near as severe as the previous one with the amount of institutional support it is starting to get.
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IMO, the dip was last week at 42k, and was a good thing because it created a firm level of support.
Even though March is a bloody month for crypto historically, I believe we're going to see major upwards movement this week.
 
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Expect some big btc price fluctuations in coming days following the glowniggers' announcement today from the IRS that they are launching an anti-crypto operation called "Operation Hidden Treasure" (seriously only someone working for Biden could come up with that type of gay name) whereby they will begin to "aggressively" work to link crypto transactions to owners accounts so they can tax them, including crypto -> crypto transactions as taxable events. So naturally a lot of my fellow burgers will likely be selling off in coming days to avoid being in the crosshairs down the road.

Myself? I'm loading the fuck up on XMR, if nothing else then for the mooning its about to experience as the smart people throw a finger to the IRS and just switch to a crypto they can't break yet.
 
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world of shit said:
IMO, the dip was last week at 42k, and was a good thing because it created a firm level of support.
Even though March is a bloody month for crypto historically, I believe we're going to see major upwards movement this week.
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We have Wall Street firms that have now made significant buys at 48k, it's hard for me to see it dipping much below that without institutional buy orders kicking in and supporting the price.
 
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Tookie said:
We have Wall Street firms that have now made significant buys at 48k, it's hard for me to see it dipping much below that without institutional buy orders kicking in and supporting the price.
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Or it was those significant buys that pushed up the price.
 
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