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Is anyone else starting to become a bit worried? mod note in first post

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    #3542
    grindle
    Registered Users Posts: 6,026 ✭✭✭grindle


    JohnnyFlash wrote: »
    I don't think it's easy to solve, dude. Quite the opposite. I think it mightn't be possible at all
    Plausible.
    JohnnyFlash wrote: »
    So less of the snide remarks please.
    Hello Pot, I'm Kettle - nice to meet you! My lord, be self-aware - this thread is a withered carcass of snide remarks.
    JohnnyFlash wrote: »
    I just happen to think that PoW is completely unsustainable, so some of them Crypto-Gods like the alien-looking ethereum guy better get the finger out and start moving.
    I agree. Maybe without the finger being pulled out too quickly. Friction burn, sore bumbum. It can't come soon enough anyway, but these things have to be tested to death.

    I'll never understand why the Core BTC devs have wanted to hold onto ASICs so hard. 6 month algo changes like Monero does has murdered it's ASIC market and massively decentralises the network and protects against bad actors scumming their way to the top. Bitmain would be even more fúcked.


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    #3543
    JJJJNR
    Closed Accounts Posts: 4,791 ✭✭✭JJJJNR


    Bitcoin smashed the resistance. We are rolling.

    Thanks to China, USA, Iran and Israel for making this pump possible.


  • Options
    #3544
    grindle
    Registered Users Posts: 6,026 ✭✭✭grindle


    JJJJNR wrote: »
    Thanks to China, USA, Iran and Israel for making this pump possible.

    No North Korea? Russia even?


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    #3545
    Thargor
    Registered Users Posts: 17,931 ✭✭✭✭Thargor


    JJJJNR wrote: »
    Pump it up!!
    Tear it down! :D


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    #3546
    Truckermal
    Registered Users Posts: 6,047 ✭✭✭Truckermal


    Big bleed overnight..


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    #3547
    Whelo79
    Registered Users Posts: 2,649 ✭✭✭Whelo79


    Truckermal wrote: »
    Big bleed overnight..

    Are we to take it as a good sign that a $200 drop is considered a big bleed these days?


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    #3548
    smacl
    Moderators, Society & Culture Moderators Posts: 15,751 Mod ✭✭✭✭smacl


    JohnnyFlash wrote: »
    Is there any Proof of Stake coin that isn't massively centralised?

    There's more out there than PoW or PoS. IOTA and tangle is a low power example, albeit with its own issues. Haven't followed it recently, but entry level for staking in ETH was set at 32 ETH which at Christmas was in around €3k and is about €5k currently. This enables a multitude of small investors to participate which in turn broadens the network.

    While you might not be aware of it, blockchain is receiving huge attention in the energy sector for energy trading purposes, which is unlikely to ever be PoW and is currently very IOT centric as this is the best tech to support massive numbers of low bandwidth, low cost, low value micro-transactions.


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    #3549
    Bob24
    Registered Users Posts: 10,905 ✭✭✭✭Bob24


    smacl wrote: »
    There's more out there than PoW or PoS. IOTA and tangle is a low power example, albeit with its own issues. Haven't followed it recently, but entry level for staking in ETH was set at 32 ETH which at Christmas was in around €3k and is about €5k currently. This enables a multitude of small investors to participate which in turn broadens the network.

    I think that’s key - there are probably other ways to make it work than PoW and PoS, or ways to optimise those that no one had though of yet.

    I think most crypto as they stand are not sufficiently scalable for mass adoption (Bitcoin certainly isn’t), but it doesn’t mean it can’t change in the future.


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    #3550
    JJJJNR
    Closed Accounts Posts: 4,791 ✭✭✭JJJJNR


    Truckermal wrote: »
    Big bleed overnight..

    Zoom out to 30 days and you'll find it's normal. it' had a euro 350 400 drop at the start of this run, big news is it broke through the resistance level it was testing and retesting. Fairly bullish until the Israel elections.

    Could go pop at anytime soon though back to 2800.


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    #3551
    JJJJNR
    Closed Accounts Posts: 4,791 ✭✭✭JJJJNR


    Bob24 wrote: »
    I think that’s key - there are probably other ways to make it work than PoW and PoS, or ways to optimise those that no one had though of yet.

    I think most crypto as they stand are not sufficiently scalable for mass adoption (Bitcoin certainly isn’t), but it doesn’t mean it can’t change in the future.

    There are plenty of researchers and data scientists involved in projects to see where scalability will reach. TPS can only be done when mass adoption happens moot point.


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    #3552
    Truckermal
    Registered Users Posts: 6,047 ✭✭✭Truckermal


    JJJJNR wrote: »
    Zoom out to 30 days and you'll find it's normal. it' had a euro 350 400 drop at the start of this run, big news is it broke through the resistance level it was testing and retesting. Fairly bullish until the Israel elections.

    Could go pop at anytime soon though back to 2800.

    BNB is down a nice bit I'm thinking of jumping back in again..


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    #3553
    JJJJNR
    Closed Accounts Posts: 4,791 ✭✭✭JJJJNR


    Yeah just noticed the elections concluded ! So id say the bull run we seen is fairly much concluded now. Major retrace on the way I'd say.


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    #3554
    stockshares
    Registered Users Posts: 2,758 ✭✭✭stockshares


    https://nulltx.com/ethereum-price-drops-to-171-yet-dip-seems-to-be-short-lived/

    https://cryptopotato.com/bitcoin-price-analysis-april-11-false-breakout-led-btc-400-down-could-it-stay-bullish/

    How do the Israeli Elections influence the drop


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    #3555
    grindle
    Registered Users Posts: 6,026 ✭✭✭grindle


    stockshares wrote: »
    How do the Israeli Elections influence the drop

    They don't.


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    #3556
    JJJJNR
    Closed Accounts Posts: 4,791 ✭✭✭JJJJNR


    grindle wrote: »
    They don't.

    Keep telling yourself that.


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    #3557
    makeorbrake
    Registered Users Posts: 4,664 ✭✭✭makeorbrake


    JJJJNR wrote: »
    Keep telling yourself that.

    You have to be careful with the media most especially when it comes to price predictions and also to providing reasons for price moves after the fact.


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    #3558
    Bob24
    Registered Users Posts: 10,905 ✭✭✭✭Bob24


    Serious drop today - now below $4700.


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    #3559
    stockshares
    Registered Users Posts: 2,758 ✭✭✭stockshares


    Bittrex denied NY license

    https://cointelegraph.com/news/bittrex-responds-to-nydfs-denial-of-bitlicense-application-cites-factual-inaccuracies?utm_source=newsletter&utm_medium=email&utm_campaign=Crypto+Market+Update+(11+April+2019)


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    #3560
    Dohnjoe
    Registered Users Posts: 17,940 ✭✭✭✭Dohnjoe


    JJJJNR wrote: »
    Keep telling yourself that.

    They don't, most political events don't affect crypto, why would they when there's no link

    Chinese mining info, Bittrex license refusal, pullback from recent sharp climbs - that's the stuff that affects crypto prices + whatever random market irrationality


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    #3561
    el diablo
    Registered Users Posts: 5,752 ✭✭✭el diablo


    Bob24 wrote: »
    Serious drop today - now below $4700.

    It didn't go below $5,000 today. :confused:

    We're all in this psy-op together.🤨



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    #3562
    el diablo
    Registered Users Posts: 5,752 ✭✭✭el diablo


    JJJJNR wrote: »
    There's something going on there the price dropped to 4700 and then it went back as if nothing happened.

    Wtf

    I don't see it going below $5k on any of the charts I've checked. Maybe we're heading for a bigger dip in the coming days though.

    We're all in this psy-op together.🤨



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    #3563
    q85dw7osi4lebg
    Closed Accounts Posts: 3,502 ✭✭✭q85dw7osi4lebg


    Bob24 wrote: »
    Serious drop today - now below $4700.

    What currency ?


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    #3564
    JJJJNR
    Closed Accounts Posts: 4,791 ✭✭✭JJJJNR


    10% drop


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    #3565
    q85dw7osi4lebg
    Closed Accounts Posts: 3,502 ✭✭✭q85dw7osi4lebg


    Bricking it now, only up 30% for the past month.


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    #3566
    makeorbrake
    Registered Users Posts: 4,664 ✭✭✭makeorbrake


    stockshares wrote: »
    Bittrex denied NY license

    https://cointelegraph.com/news/bittrex-responds-to-nydfs-denial-of-bitlicense-application-cites-factual-inaccuracies?utm_source=newsletter&utm_medium=email&utm_campaign=Crypto+Market+Update+(11+April+2019)

    NY is one of the most unfriendly states when it comes to crypto. Bittrex' response here.


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    #3567
    Bob24
    Registered Users Posts: 10,905 ✭✭✭✭Bob24


    el diablo wrote: »
    I don't see it going below $5k on any of the charts I've checked. Maybe we're heading for a bigger dip in the coming days though.

    Woops sorry you’re right, my mistake.

    The instant price was showing $4700 US on coingecko when I checked, but it must have been a bug as I indeed don’t see anything at that level on today’s charts.


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    #3568
    Bob24
    Registered Users Posts: 10,905 ✭✭✭✭Bob24


    Gerald Obedient Manicurist wrote: »
    What currency ?

    Must have been a bug. I definitely saw 4700 USD displayed on coingecko earlier, but looking at the charts now it never actually dipped that much. Sorry about the false alarm!


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    #3569
    Kickstart1.3
    Banned (with Prison Access) Posts: 186 ✭✭Kickstart1.3


    Bitcoin clinging on by the fingernails now to $5000.
    I have a feeling that once it drops its gonna crash the Altcoins hard


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    #3570
    q85dw7osi4lebg
    Closed Accounts Posts: 3,502 ✭✭✭q85dw7osi4lebg


    Almost looking forward to a drop, opportunity to accumulate more. Definitely heading towards bull market now. Still think we have already found bottom but could bounce between 4200-5000 for a long time.


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    #3571
    makeorbrake
    Registered Users Posts: 4,664 ✭✭✭makeorbrake


    Gerald Obedient Manicurist wrote: »
    Almost looking forward to a drop, opportunity to accumulate more. Definitely heading towards bull market now. Still think we have already found bottom but could bounce between 4200-5000 for a long time.

    It may have found the bottom and we are in an accumulation phase of sorts. However, I expect several 'shakeouts' over the duration before we break the ATH again....but that will be well beyond the halving. In for the long haul. Strap in, there will be a rollercoaster to be negotiated between times.


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