[Merged] Bitcoin - Part 3 - Page 5

ChrisBFRPKY · 11th September 2019, 07:32 PM

Originally Posted by Roger Ramjets

Perhaps, but for John Mcafee's sake it needs to go much higher than $20k.

So far it's not looking good...

Bitcoin Price Prediction Tracker

As long as it stays above $300, I'm good.

Chris B.

psionl0 · 11th September 2019, 10:15 PM

Originally Posted by Roger Ramjets

Perhaps, but for John Mcafee's sake it needs to go much higher than $20k.

Predicting a massive price rise within a relatively short period of time is as foolish as predicting that this time bitcoin really will crash forever.

MinnesotaBrant · 14th September 2019, 05:03 PM

My coworker has made 100k or so with both bitcoin and altcoin. I heard that he bought 6 bitcoins just before the bump. I still prefer blackjack. Am up 1600 this year though I would have made more money betting on bitcoins

MinnesotaBrant · 14th September 2019, 05:06 PM

Originally Posted by psionl0

I can't add much to what I said in post #115. NOBODY knows what will happen next and don't let anybody here tell you otherwise.

I think that there are some people that are getting accurate advice and making money

psionl0 · 15th September 2019, 11:54 PM

Originally Posted by MinnesotaBrant

I think that there are some people that are getting ~~accurate advice~~ lucky and making money

ftfy.

Dr.Sid · 16th September 2019, 04:14 AM

Well in 2017 you didnt really have to be lucky to make money on bitcoin. I made over 100% and i sold 2 days after peak, when the crash was quite clear. If I sold sooner, I'd made 200%.
So it really depends what time are you talking about. In general, BTC is as predictable as dice. It's really funny reading analyses and predictions one year back.

Belz... · 16th September 2019, 05:34 AM

Originally Posted by MinnesotaBrant

My coworker has made 100k or so with both bitcoin and altcoin.

Ah, damn. One of those spambots, again!

Mods!!!

The Great Zaganza · 16th September 2019, 05:40 AM

Bitcoin and other Crypto is notorious for price manipulation. There seems to be another hype going on that will make some people rich.

psionl0 · 16th September 2019, 07:48 AM

Originally Posted by The Great Zaganza

Bitcoin and other Crypto is notorious for price manipulation. There seems to be another hype going on that will make some people rich.

Here we go again. Somebody else who "knows" that bitcoin is a scam run by some shadowy cabal.

The Great Zaganza · 16th September 2019, 07:53 AM

Originally Posted by psionl0

Here we go again. Somebody else who "knows" that bitcoin is a scam run by some shadowy cabal.

not at all what I said.

psionl0 · 16th September 2019, 08:44 AM

Originally Posted by The Great Zaganza

not at all what I said.

There is no price manipulation? There is no hype going on?

The Great Zaganza · 16th September 2019, 09:02 AM

Originally Posted by psionl0

There is no price manipulation? There is no hype going on?

let's keep the hype about the currency itself and it's propensity for manipulation separate, shall we?
I don't think Bitcoin itself is the best way to have a cryptocurrency, but the general idea is solid - at this point it is far more than a hype, it is a fixture.

But we frequently get Pump and Dump scams (https://en.bitcoinwiki.org/wiki/Pump_and_Dump), and the current kind of news about how high/low Bitcoin will go sounds to me like the preparation for exactly such a scam.
Yes, short-term price manipulation is something common in cryptocurrencies, especially the smaller ones.

Dr.Sid · 16th September 2019, 09:43 AM

What do you mean by "current kind of news about how high/low Bitcoin will go" ?

Specialized servers have news like this every day.

psionl0 · 16th September 2019, 09:44 AM

Originally Posted by The Great Zaganza

But we frequently get Pump and Dump scams (https://en.bitcoinwiki.org/wiki/Pump_and_Dump), and the current kind of news about how high/low Bitcoin will go sounds to me like the preparation for exactly such a scam.

Assuming that the few examples in that reference are actual pump and dump schemes, none of them are bitcoin.

Even then, it is just as likely that these examples of relatively unknown cryptos were cherry picked because they saw a sudden large price rise followed by an equally quick fall in price - ergo "pump and dump".

My dog might have 4 legs but that doesn't make it a cat.

MinnesotaBrant · 16th September 2019, 03:25 PM

Some people are good at playing the bitcoin market just like the stock market. That’s what he made this year and has been playing continuously for the past 2 years or so

p0lka · 16th September 2019, 03:30 PM

well look at that,
if I had ignored the naysayers I might have been in profit, grr.

MinnesotaBrant · 19th September 2019, 05:19 PM

Looking to buy like 30 bucks of coin. Should I use coinbase? How about ripple? I am getting the feeling that the coins are pretty flat right now

psionl0 · 19th September 2019, 07:18 PM

Originally Posted by MinnesotaBrant

I am getting the feeling that the coins are pretty flat right now

That's better than TA anyhow.

portlandatheist · 19th September 2019, 10:34 PM

https://getpocket.com/explore/item/h...=pocket-newtab

Quote:

bitcoin re-creates the market mechanisms of gold, a currency that invites hoarding and speculation while discouraging transactions.

Quote:

4 percent of users owning 96 percent of bitcoin

Quote:

What happens when all the bitcoin is mined? Bitcoin transactions are authenticated by the thousands of people who dedicate their computers and electricity to building the blockchain. They’re not donating all this money and computing power; they are being paid in bitcoin. Mining for bitcoin and authenticating transactions is the same thing.

What is the incentive for people to spend millions of dollars on computers and power once there’s no more kickback of coin?

Quote:

The money itself is worthless. Less than worthless, in fact. We are spending massive amounts of machine cycles and electricity, burning fossils fuels for no reason other than to prove our commitment to the coin.

If the US dollar were a good investment, we wouldn't spend it on stocks, real estate, gold, or bit coins, we'd just keep it as is. If it were a really really good investment, we'd forgo spending it on haircuts, car repairs, and restaurants and the economy would grind to a halt.
Thank goodness the US dollar is a terrible investment, that is one of the reasons it remains the most useful currency in the world.

psionl0 · 20th September 2019, 04:34 AM

Originally Posted by portlandatheist

https://getpocket.com/explore/item/h...=pocket-newtab

All points but the last are valid. As long as people are willing to pay for bitcoin, it is not worthless. If bitcoin is still around when the only reward for mining is the transaction fees then either the transaction fees will rise dramatically or the energy expended on mining will drop significantly.

Originally Posted by portlandatheist

If the US dollar were a good investment, we wouldn't spend it on stocks, real estate, gold, or bit coins, we'd just keep it as is. If it were a really really good investment, we'd forgo spending it on haircuts, car repairs, and restaurants and the economy would grind to a halt.
Thank goodness the US dollar is a terrible investment, that is one of the reasons it remains the most useful currency in the world.

Yes, any currency that is not subject to demurrage or inflation and on which fees must be paid for every transaction is not particularly useful. Worse, bitcoin doesn't scale so the rate of transactions is permanently limited.

It will be up to a future crypto to address these problems but as usual, this is old news.

MinnesotaBrant · 20th September 2019, 08:23 PM

Went on coinbase to buy 100 bucks of bitcoin and my bank deactivated my card. I am not brave enough yet to link my bank account to it.

I think the fees scale. 50 bucks of bitcoin generated a 2 dollar fee and 100 bucks of bitcoin is 4 bucks. 4% fee per transaction

portlandatheist · 20th September 2019, 09:17 PM

Originally Posted by psionl0

All points but the last are valid. As long as people are willing to pay for bitcoin, it is not worthless. If bitcoin is still around when the only reward for mining is the transaction fees then either the transaction fees will rise dramatically or the energy expended on mining will drop significantly.

Yes, any currency that is not subject to demurrage or inflation and on which fees must be paid for every transaction is not particularly useful. Worse, bitcoin doesn't scale so the rate of transactions is permanently limited.

It will be up to a future crypto to address these problems but as usual, this is old news.

yes, I agree. The value of something is whatever somebody is willing to pay for it.

psionl0 · 20th September 2019, 10:03 PM

Originally Posted by MinnesotaBrant

I think the fees scale. 50 bucks of bitcoin generated a 2 dollar fee and 100 bucks of bitcoin is 4 bucks. 4% fee per transaction

That's not what "scale" means. It means that more nodes/miners doesn't mean that we can get more transactions per block.

That's quite a markup your vendor is adding. Current fees are about 0.0001 BTC per transaction or 0.15% of the value of each transaction.
https://www.blockchain.com/btc/block...997c77791579e8

Samson · 21st September 2019, 02:11 AM

Originally Posted by psionl0

That's better than TA anyhow.

No it is not, TA on bitcoin that I have catalogued on this thread is very reliable.

trustbutverify · 21st September 2019, 06:41 AM

Originally Posted by Samson

No it is not, TA on bitcoin that I have catalogued on this thread is very reliable.

You mean reliably wrong?

Samson · 24th September 2019, 05:06 AM

"Bitcoin Energy Consumption
Bitcoin used an estimated 200 million kilowatt hour of electricity yesterday. On a yearly basis that would amount to 73 terawatt hour. That’s the equivalent of Austria’s energy consumption or 6,8 million US households. Bitcoin’s energy consumption now represents 0.3% of the whole world’s electricity use."

https://thenextweb.com/hardfork/2019...w-10000-again/

What a nasty and pure evil construct, eh Greta.

psionl0 · 24th September 2019, 11:35 PM

If bitcoin is so evil then why are you telling people how to make a profit from it? Is that why your TA is always wrong? To punish speculators?

The Great Zaganza · 24th September 2019, 11:55 PM

I'm sure that Bitcoin's creator wasn't thrilled by the amount of energy his creation is draining.
There are other cryptocurrencies that don't do this.

Dr.Sid · 25th September 2019, 08:28 AM

Originally Posted by The Great Zaganza

I'm sure that Bitcoin's creator wasn't thrilled by the amount of energy his creation is draining.
There are other cryptocurrencies that don't do this.

Bitcoin creator owns about one million of BTC. I wonder what he's thrilled about.

MinnesotaBrant · 25th September 2019, 02:22 PM

Originally Posted by psionl0

That's not what "scale" means. It means that more nodes/miners doesn't mean that we can get more transactions per block.

That's quite a markup your vendor is adding. Current fees are about 0.0001 BTC per transaction or 0.15% of the value of each transaction.
https://www.blockchain.com/btc/block...997c77791579e8

Probably includes visa fees from my card if it had worked

Samson · 25th September 2019, 06:53 PM

Originally Posted by psionl0

If bitcoin is so evil then why are you telling people how to make a profit from it? Is that why your TA is always wrong? To punish speculators?

I don't trade bitcoin, I am a fascinated observer. TA seems to work better on bitcoin than anything else, so I feel drawn to predict.
In fact I find it scarcely credible it uses 3 parts in a thousand of electricity produced on the planet, but if this is true, it is pure evil.

psionl0 · 25th September 2019, 07:43 PM

R.T.Q.

Samson · 30th September 2019, 12:52 AM

Originally Posted by psionl0

R.T.Q.

Struggling to authenticate the idea in this assemblage but appropriately, seems Australian.
Fortunately the great crypto bear market continues unabated. Greta Thunberg will win the Nobel peace prize with an oblique snarl at bitcoin.

Samson · 30th September 2019, 03:21 AM

Bitcoin should hover at this level for a week or 3, 8040, then it will move down to 5k, then stage a strong rally. Buy at around 5k, as always the thread leaves nowhere to hide.

Dr.Sid · 30th September 2019, 07:04 AM

Originally Posted by Samson

Bitcoin should hover at this level for a week or 3, 8040, then it will move down to 5k, then stage a strong rally. Buy at around 5k, as always the thread leaves nowhere to hide.

Why hide, just wear your nonsense proudly.

Samson · 2nd October 2019, 10:48 PM

With bitcoin at 8316, I strongly suggest shorting the magic carpet.
As always, the thread records in perpetuity the nonsense.
Thank you for attending.

psionl0 · 2nd October 2019, 11:06 PM

Originally Posted by Samson

As always, the thread records in perpetuity ~~the~~ my nonsense.

ftfy.

Samson · 2nd October 2019, 11:13 PM

Originally Posted by psionl0

ftfy.

Such confidence in assertion without fact.
How delightful, let's watch that short at 8316 with a stop loss at

8532

trustbutverify · 3rd October 2019, 12:18 AM

Originally Posted by Samson

With bitcoin at 8316, I strongly suggest shorting the magic carpet.
As always, the thread records in perpetuity the nonsense.
Thank you for attending.

You're referring to your own unintentionally hilarious drivel, I assume.

Samson · 3rd October 2019, 12:23 AM

Originally Posted by trustbutverify

You're referring to your own unintentionally hilarious drivel, I assume.

I just made a prediction with a stop loss.
Thank you for attending

11th September 2019, 07:32 PM	#161
ChrisBFRPKY Illuminator Join Date: Jun 2012 Posts: 3,902	Originally Posted by Roger Ramjets Perhaps, but for John Mcafee's sake it needs to go much higher than $20k. So far it's not looking good... Bitcoin Price Prediction Tracker As long as it stays above $300, I'm good. Chris B.
ChrisBFRPKY Illuminator Join Date: Jun 2012 Posts: 3,902

11th September 2019, 10:15 PM	#162
psionl0 Skeptical about skeptics Join Date: Sep 2010 Location: 31°57'S 115°57'E Posts: 19,889	Originally Posted by Roger Ramjets Perhaps, but for John Mcafee's sake it needs to go much higher than $20k. Predicting a massive price rise within a relatively short period of time is as foolish as predicting that this time bitcoin really will crash forever.
	__________________ "The process by which banks create money is so simple that the mind is repelled. Where something so important is involved, a deeper mystery seems only decent." - Galbraith, 1975

14th September 2019, 05:03 PM	#163
MinnesotaBrant Philosopher Join Date: Apr 2011 Posts: 5,212	My coworker has made 100k or so with both bitcoin and altcoin. I heard that he bought 6 bitcoins just before the bump. I still prefer blackjack. Am up 1600 this year though I would have made more money betting on bitcoins
	__________________ Formerly known as MNBrant.

14th September 2019, 05:06 PM	#164
MinnesotaBrant Philosopher Join Date: Apr 2011 Posts: 5,212	Originally Posted by psionl0 I can't add much to what I said in post #115. NOBODY knows what will happen next and don't let anybody here tell you otherwise. I think that there are some people that are getting accurate advice and making money
	__________________ Formerly known as MNBrant.

15th September 2019, 11:54 PM	#165
psionl0 Skeptical about skeptics Join Date: Sep 2010 Location: 31°57'S 115°57'E Posts: 19,889	Originally Posted by MinnesotaBrant I think that there are some people that are getting ~~accurate advice~~ lucky and making money ftfy.
	__________________ "The process by which banks create money is so simple that the mind is repelled. Where something so important is involved, a deeper mystery seems only decent." - Galbraith, 1975

16th September 2019, 04:14 AM	#166
Dr.Sid Illuminator Join Date: Sep 2009 Location: Olomouc, Czech Republic Posts: 4,002	Well in 2017 you didnt really have to be lucky to make money on bitcoin. I made over 100% and i sold 2 days after peak, when the crash was quite clear. If I sold sooner, I'd made 200%. So it really depends what time are you talking about. In general, BTC is as predictable as dice. It's really funny reading analyses and predictions one year back.

16th September 2019, 05:34 AM	#167
Belz... Fiend God Join Date: Oct 2005 Location: In a post-fact world Posts: 96,875	Originally Posted by MinnesotaBrant My coworker has made 100k or so with both bitcoin and altcoin. Ah, damn. One of those spambots, again! Mods!!!
	__________________ Master of the Shining Darkness "My views are nonsense. So what?" - BobTheCoward

16th September 2019, 05:40 AM	#168
The Great Zaganza Maledictorian Join Date: Aug 2016 Posts: 19,344	Bitcoin and other Crypto is notorious for price manipulation. There seems to be another hype going on that will make some people rich.

16th September 2019, 07:48 AM	#169
psionl0 Skeptical about skeptics Join Date: Sep 2010 Location: 31°57'S 115°57'E Posts: 19,889	Originally Posted by The Great Zaganza Bitcoin and other Crypto is notorious for price manipulation. There seems to be another hype going on that will make some people rich. Here we go again. Somebody else who "knows" that bitcoin is a scam run by some shadowy cabal.
	__________________ "The process by which banks create money is so simple that the mind is repelled. Where something so important is involved, a deeper mystery seems only decent." - Galbraith, 1975

16th September 2019, 07:53 AM	#170
The Great Zaganza Maledictorian Join Date: Aug 2016 Posts: 19,344	Originally Posted by psionl0 Here we go again. Somebody else who "knows" that bitcoin is a scam run by some shadowy cabal. not at all what I said.

16th September 2019, 08:44 AM	#171
psionl0 Skeptical about skeptics Join Date: Sep 2010 Location: 31°57'S 115°57'E Posts: 19,889	Originally Posted by The Great Zaganza not at all what I said. There is no price manipulation? There is no hype going on?
	__________________ "The process by which banks create money is so simple that the mind is repelled. Where something so important is involved, a deeper mystery seems only decent." - Galbraith, 1975

16th September 2019, 09:02 AM	#172
The Great Zaganza Maledictorian Join Date: Aug 2016 Posts: 19,344	Originally Posted by psionl0 There is no price manipulation? There is no hype going on? let's keep the hype about the currency itself and it's propensity for manipulation separate, shall we? I don't think Bitcoin itself is the best way to have a cryptocurrency, but the general idea is solid - at this point it is far more than a hype, it is a fixture. But we frequently get Pump and Dump scams (https://en.bitcoinwiki.org/wiki/Pump_and_Dump), and the current kind of news about how high/low Bitcoin will go sounds to me like the preparation for exactly such a scam. Yes, short-term price manipulation is something common in cryptocurrencies, especially the smaller ones.

16th September 2019, 09:43 AM	#173
Dr.Sid Illuminator Join Date: Sep 2009 Location: Olomouc, Czech Republic Posts: 4,002	What do you mean by "current kind of news about how high/low Bitcoin will go" ? Specialized servers have news like this every day.

16th September 2019, 09:44 AM	#174
psionl0 Skeptical about skeptics Join Date: Sep 2010 Location: 31°57'S 115°57'E Posts: 19,889	Originally Posted by The Great Zaganza But we frequently get Pump and Dump scams (https://en.bitcoinwiki.org/wiki/Pump_and_Dump), and the current kind of news about how high/low Bitcoin will go sounds to me like the preparation for exactly such a scam. Assuming that the few examples in that reference are actual pump and dump schemes, none of them are bitcoin. Even then, it is just as likely that these examples of relatively unknown cryptos were cherry picked because they saw a sudden large price rise followed by an equally quick fall in price - ergo "pump and dump". My dog might have 4 legs but that doesn't make it a cat.
	__________________ "The process by which banks create money is so simple that the mind is repelled. Where something so important is involved, a deeper mystery seems only decent." - Galbraith, 1975

16th September 2019, 03:25 PM	#175
MinnesotaBrant Philosopher Join Date: Apr 2011 Posts: 5,212	Some people are good at playing the bitcoin market just like the stock market. That’s what he made this year and has been playing continuously for the past 2 years or so
	__________________ Formerly known as MNBrant.

16th September 2019, 03:30 PM	#176
p0lka Illuminator Join Date: Sep 2012 Location: near trees, houses and a lake. Posts: 3,025	well look at that, if I had ignored the naysayers I might have been in profit, grr.

19th September 2019, 05:19 PM	#177
MinnesotaBrant Philosopher Join Date: Apr 2011 Posts: 5,212	Looking to buy like 30 bucks of coin. Should I use coinbase? How about ripple? I am getting the feeling that the coins are pretty flat right now
	__________________ Formerly known as MNBrant.

19th September 2019, 07:18 PM	#178
psionl0 Skeptical about skeptics Join Date: Sep 2010 Location: 31°57'S 115°57'E Posts: 19,889	Originally Posted by MinnesotaBrant I am getting the feeling that the coins are pretty flat right now That's better than TA anyhow.
	__________________ "The process by which banks create money is so simple that the mind is repelled. Where something so important is involved, a deeper mystery seems only decent." - Galbraith, 1975

19th September 2019, 10:34 PM	#179
portlandatheist Illuminator Join Date: Jun 2007 Posts: 3,709	https://getpocket.com/explore/item/h...=pocket-newtab Quote: bitcoin re-creates the market mechanisms of gold, a currency that invites hoarding and speculation while discouraging transactions. Quote: 4 percent of users owning 96 percent of bitcoin Quote: What happens when all the bitcoin is mined? Bitcoin transactions are authenticated by the thousands of people who dedicate their computers and electricity to building the blockchain. They’re not donating all this money and computing power; they are being paid in bitcoin. Mining for bitcoin and authenticating transactions is the same thing. What is the incentive for people to spend millions of dollars on computers and power once there’s no more kickback of coin? Quote: The money itself is worthless. Less than worthless, in fact. We are spending massive amounts of machine cycles and electricity, burning fossils fuels for no reason other than to prove our commitment to the coin. If the US dollar were a good investment, we wouldn't spend it on stocks, real estate, gold, or bit coins, we'd just keep it as is. If it were a really really good investment, we'd forgo spending it on haircuts, car repairs, and restaurants and the economy would grind to a halt. Thank goodness the US dollar is a terrible investment, that is one of the reasons it remains the most useful currency in the world.

20th September 2019, 04:34 AM	#180
psionl0 Skeptical about skeptics Join Date: Sep 2010 Location: 31°57'S 115°57'E Posts: 19,889	Originally Posted by portlandatheist https://getpocket.com/explore/item/h...=pocket-newtab All points but the last are valid. As long as people are willing to pay for bitcoin, it is not worthless. If bitcoin is still around when the only reward for mining is the transaction fees then either the transaction fees will rise dramatically or the energy expended on mining will drop significantly. Originally Posted by portlandatheist If the US dollar were a good investment, we wouldn't spend it on stocks, real estate, gold, or bit coins, we'd just keep it as is. If it were a really really good investment, we'd forgo spending it on haircuts, car repairs, and restaurants and the economy would grind to a halt. Thank goodness the US dollar is a terrible investment, that is one of the reasons it remains the most useful currency in the world. Yes, any currency that is not subject to demurrage or inflation and on which fees must be paid for every transaction is not particularly useful. Worse, bitcoin doesn't scale so the rate of transactions is permanently limited. It will be up to a future crypto to address these problems but as usual, this is old news.
	__________________ "The process by which banks create money is so simple that the mind is repelled. Where something so important is involved, a deeper mystery seems only decent." - Galbraith, 1975

20th September 2019, 08:23 PM	#181
MinnesotaBrant Philosopher Join Date: Apr 2011 Posts: 5,212	Went on coinbase to buy 100 bucks of bitcoin and my bank deactivated my card. I am not brave enough yet to link my bank account to it. I think the fees scale. 50 bucks of bitcoin generated a 2 dollar fee and 100 bucks of bitcoin is 4 bucks. 4% fee per transaction
	__________________ Formerly known as MNBrant. Last edited by MinnesotaBrant; 20th September 2019 at 08:24 PM.

20th September 2019, 09:17 PM	#182
portlandatheist Illuminator Join Date: Jun 2007 Posts: 3,709	Originally Posted by psionl0 All points but the last are valid. As long as people are willing to pay for bitcoin, it is not worthless. If bitcoin is still around when the only reward for mining is the transaction fees then either the transaction fees will rise dramatically or the energy expended on mining will drop significantly. Yes, any currency that is not subject to demurrage or inflation and on which fees must be paid for every transaction is not particularly useful. Worse, bitcoin doesn't scale so the rate of transactions is permanently limited. It will be up to a future crypto to address these problems but as usual, this is old news. yes, I agree. The value of something is whatever somebody is willing to pay for it.

20th September 2019, 10:03 PM	#183
psionl0 Skeptical about skeptics Join Date: Sep 2010 Location: 31°57'S 115°57'E Posts: 19,889	Originally Posted by MinnesotaBrant I think the fees scale. 50 bucks of bitcoin generated a 2 dollar fee and 100 bucks of bitcoin is 4 bucks. 4% fee per transaction That's not what "scale" means. It means that more nodes/miners doesn't mean that we can get more transactions per block. That's quite a markup your vendor is adding. Current fees are about 0.0001 BTC per transaction or 0.15% of the value of each transaction. https://www.blockchain.com/btc/block...997c77791579e8
	__________________ "The process by which banks create money is so simple that the mind is repelled. Where something so important is involved, a deeper mystery seems only decent." - Galbraith, 1975

21st September 2019, 02:11 AM	#184
Samson Penultimate Amazing Join Date: Oct 2013 Posts: 10,273	Originally Posted by psionl0 That's better than TA anyhow. No it is not, TA on bitcoin that I have catalogued on this thread is very reliable.

21st September 2019, 06:41 AM	#185
trustbutverify Penultimate Amazing Join Date: May 2007 Posts: 10,030	Originally Posted by Samson No it is not, TA on bitcoin that I have catalogued on this thread is very reliable. You mean reliably wrong?
	__________________ "To me, Hitler is the greatest man who ever lived. He truly is without fault, so simple and at the same time possessed of masculine strength" -Leni Riefenstahl Wollen owns the stage

24th September 2019, 05:06 AM	#186
Samson Penultimate Amazing Join Date: Oct 2013 Posts: 10,273	"Bitcoin Energy Consumption Bitcoin used an estimated 200 million kilowatt hour of electricity yesterday. On a yearly basis that would amount to 73 terawatt hour. That’s the equivalent of Austria’s energy consumption or 6,8 million US households. Bitcoin’s energy consumption now represents 0.3% of the whole world’s electricity use." https://thenextweb.com/hardfork/2019...w-10000-again/ What a nasty and pure evil construct, eh Greta.

24th September 2019, 11:35 PM	#187
psionl0 Skeptical about skeptics Join Date: Sep 2010 Location: 31°57'S 115°57'E Posts: 19,889	If bitcoin is so evil then why are you telling people how to make a profit from it? Is that why your TA is always wrong? To punish speculators?
	__________________ "The process by which banks create money is so simple that the mind is repelled. Where something so important is involved, a deeper mystery seems only decent." - Galbraith, 1975

24th September 2019, 11:55 PM	#188
The Great Zaganza Maledictorian Join Date: Aug 2016 Posts: 19,344	I'm sure that Bitcoin's creator wasn't thrilled by the amount of energy his creation is draining. There are other cryptocurrencies that don't do this.

25th September 2019, 08:28 AM	#189
Dr.Sid Illuminator Join Date: Sep 2009 Location: Olomouc, Czech Republic Posts: 4,002	Originally Posted by The Great Zaganza I'm sure that Bitcoin's creator wasn't thrilled by the amount of energy his creation is draining. There are other cryptocurrencies that don't do this. Bitcoin creator owns about one million of BTC. I wonder what he's thrilled about.

25th September 2019, 02:22 PM	#190
MinnesotaBrant Philosopher Join Date: Apr 2011 Posts: 5,212	Originally Posted by psionl0 That's not what "scale" means. It means that more nodes/miners doesn't mean that we can get more transactions per block. That's quite a markup your vendor is adding. Current fees are about 0.0001 BTC per transaction or 0.15% of the value of each transaction. https://www.blockchain.com/btc/block...997c77791579e8 Probably includes visa fees from my card if it had worked
	__________________ Formerly known as MNBrant.

25th September 2019, 06:53 PM	#191
Samson Penultimate Amazing Join Date: Oct 2013 Posts: 10,273	Originally Posted by psionl0 If bitcoin is so evil then why are you telling people how to make a profit from it? Is that why your TA is always wrong? To punish speculators? I don't trade bitcoin, I am a fascinated observer. TA seems to work better on bitcoin than anything else, so I feel drawn to predict. In fact I find it scarcely credible it uses 3 parts in a thousand of electricity produced on the planet, but if this is true, it is pure evil.

25th September 2019, 07:43 PM	#192
psionl0 Skeptical about skeptics Join Date: Sep 2010 Location: 31°57'S 115°57'E Posts: 19,889	R.T.Q.
	__________________ "The process by which banks create money is so simple that the mind is repelled. Where something so important is involved, a deeper mystery seems only decent." - Galbraith, 1975

30th September 2019, 12:52 AM	#193
Samson Penultimate Amazing Join Date: Oct 2013 Posts: 10,273	Originally Posted by psionl0 R.T.Q. Struggling to authenticate the idea in this assemblage but appropriately, seems Australian. Fortunately the great crypto bear market continues unabated. Greta Thunberg will win the Nobel peace prize with an oblique snarl at bitcoin.

30th September 2019, 03:21 AM	#194
Samson Penultimate Amazing Join Date: Oct 2013 Posts: 10,273	Bitcoin should hover at this level for a week or 3, 8040, then it will move down to 5k, then stage a strong rally. Buy at around 5k, as always the thread leaves nowhere to hide.

30th September 2019, 07:04 AM	#195
Dr.Sid Illuminator Join Date: Sep 2009 Location: Olomouc, Czech Republic Posts: 4,002	Originally Posted by Samson Bitcoin should hover at this level for a week or 3, 8040, then it will move down to 5k, then stage a strong rally. Buy at around 5k, as always the thread leaves nowhere to hide. Why hide, just wear your nonsense proudly.