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7369939 No.7369939 [Reply] [Original]

The mean of BTC is less than $500. If you truely believe this MEME graph is what we're at you should sell on the next bounce.

Right now we're down 3x from ATH. Is this risk really worth a measly 3x? Is BTC really going to recover in a world where the electricity cost of mining is going to be political suicide for any organisation who adopts it?

It was a fun time while it lasted, but you really need to get out while you haven't lost anything.

>> No.7370095

>The mean of BTC is less than $500

Across what period? I dont think from the very beggining is fair, it sat dormant for a while in the early stages, from when it became a household name would be more accurate imo, say a year - year and a half ago or something

>> No.7370133

>>7370095
You can't really pick and chose what you think is fair. This chart also shows shit from the beginning and it took years before anyone bought into internet companies.

>> No.7370196

you are all wrong and the graph is horse shit but a nice manipulation tool

http://money.cnn.com/2018/02/01/technology/samsung-cryptocurrency-bitcoin-mining-chips/index.html

samsung is done I guess

>> No.7370340

>>7370196
You can make money mining pretty far down though. The MEME of $4000-6000 is retarded.

I live in Denmark and I'll make money mining as far down as a bitcoin price of $90.

>> No.7370402

le bitcoin dead meme is and obvious bullshit because even meme coins from 2014 are still alive. But it obviously can potentially fall very low.

>> No.7371338

>>7369939
>be back then
>internet is the new thing, great technology
>but it would cost so much energy to maintain
>imagine the costs if the network grows over the whole world
>the electricity cost of that are going to be political suicide for any organisation who adopts it

conservatives trying to resist technological progress

ofc crypto might dip. but who cares? there is always the time after the crash. after the financial crisis stock markets also grew to a new ATH. crypto will do that too. or do you really think that was it. you really think now people think "oh ye blockchain and crypto isnt the thing, lets drop it all together"

pls

>> No.7371430

>>7371338
After the dot-com crash Amazon shares were $3, and if you bought those you'd be rich. The difference between Amazon and shitcoins is that not a single crytpo coin has a real world useage. You can't even use Bitcoin to pay for shit anymore because it's too inefficient. Things with no value never recover.

>> No.7371461

>>7371430
bitcoin gonna die man get that in your fucking 80 IQ shithead
bitcoin != amazon share

>> No.7371516

>>7371430
so what? like bitcoin is the only blockchain technology

i said crypto not bitcoin. i dont give a damn about bitcoin. i care about blockchain. ethereum, monero f.e. are useful coins and have real value

>> No.7371554

>>7370340
Stjæler du din strom eller hvad?

>> No.7371591

>>7371554
Næh? Jeg sælger det lort jeg miner, giver ca 500kr i overskud om måneden og hardwaren er betalt.

>> No.7371617

>>7371430
Lots of crypto has real world uses. I’m going to use VeChain as an example because I’m balls deep in it and although I am mortified by its continuous descent into the abyss, I know a lot about it.

DNV GL is using VeChain tech right now, but it’s on a private blockchain (isn’t using the publically traded VEN). When the new VTC+Thor mainnet launches, DNV GL will have to switch over to the public chain.

This isn’t a bad approach really. The public blockchain will launch with pre-existing major clients, there will be guaranteed demand for Thor because services will already be running on it.

I don’t know how this will impact the price since it could still crash like 90% from here. But it’s real-world use.

>> No.7371704

>>7371430
Shut up, noob. I can clearly tell you are a fucking noob and your opinion formed from 3 months in crypto is worthless

>> No.7371731

>>7371617
>Based on the history of brigading we have seen from the VeChain community and their complete unwillingness to cooperate, we are hereby prohibiting discussion regarding VeChain on our subreddit for one month.

why would you invest in a tryhard coin like that? smells like scam m8

>> No.7371754

>>7371617
> ERC-20 token
> Real world usage
retard

>> No.7371867

There won't be more waves just 4k and then parabolic run into the mars with elon musks rocket

>> No.7371896

>>7369939
fuck you you fucking cock

>> No.7371901

>>7369939
>not realising btc is bouncing off the 200MA which was $6k

>> No.7371933
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7371933

>>7371754

>> No.7371946

>>7369939
>Is BTC really going to recover in a world where the electricity cost of mining is going to be political suicide for any organisation who adopts it?
Yes.

>> No.7372030

>>7371754
No, you’re confused. The ERC-20 token is being exchanged 1:1 for VeChain’s own tech in Q2 this year.

DNV GL is running projects on VeChain’s tech right now. They said as much. They obviously couldn’t do that with the ERC-20 token, but the fact that they’re confirmed to be doing it means it isn’t an empty promise.

>> No.7372034

> Is BTC really going to recover in a world where the electricity cost of mining is going to be political suicide for any organisation who adopts it?

Yes, it will go to 100k in summer 2020 and 150k winter 2020-2021. Screencap this and mark it on your calendar.

>> No.7372489

>>7370196
>>7371430
>hurrrrrrr durrrrrrrrrr duuuuuuuuuuuh if da butcons gone den alla doz toher crytpos are don gone too.
fucking moron, the crypto currency market today isn't what it was last year, 5 years ago, and 10 years ago. New technology has emerged into this place with major money backing, partnerships, road maps and product release dates. Some of these new projects that I speak of are mineable. You really think all of that will just disappear tomorrow because BTC is being typical BTC? YOU CANNOT STOP PROGRESS. YOU CANNOT STOP TECHNOLOGY. YOU CANNOT BOTTLE UP AND BURY NEW EMERGING TECHNOLOGICAL IDEAS. THIS IS HOW WE EVOLVE. THIS IS HOW WE SHAPE THE FUTURE. ADAPT OR DIE

>> No.7372990

>>7372489
Crypto is only advancing in technology. Plebs don't even know. We have hashgraph and DAG competing to be the ultimate DLT solution and the market is focused on pow with no clue what it is. Miningfags don't want to abandon it because they are making small scraps off tech that is slow by design.