RIP Bitcoin

**Mr Earl** · 13-12-2017, 07:34 PM

Originally Posted by bsnub

^ You fucking hypocrite. Burn more energy as long as it goes in your back pocket. Fuck the planet. Lying sack of shit.

Bitcoin Mining on Track to Consume All of the World?s Energy by 2020

Newsweek = Fake news...you should know that by now!

BTW Hillary lost to Trump....Newsweek hasn't reported that yet....

**Farangrakthai** · 13-12-2017, 07:36 PM

Originally Posted by bsnub

^ You fucking hypocrite.

Originally Posted by AntRobertson

Earl will outrun global warming in one of his seven vehicles all the while cursing the gubmint that he wants to fail for not doing anything about it. Because being a self-contradictory hypocrite is apparently another side effect of drinking your own piss.

Originally Posted by bsnub

^^ O gawd I owe you a green for that one.

oh look the kids came into the room throwing mud around.

**longway** · 13-12-2017, 07:55 PM

Originally Posted by baldrick

Xrp is not meant to have much value

100 trillion tokens already out there

It is just pumping by people who have not researched it

I think even it's creator said it is not meant to have value

https://steemit.com/cryptocurrency/@...bly-overvalued

There are a 100 billion XRP, or will be, currently 50% released. Not a bad guess only out by 1000x

. most of the rest through smart contracts, so the people own ripple cant dump them.

Its a good link but saying the daily trasactions would plateau at 100k per day is absurd. ah its says if 100,000 XRP were destroyed per day.

quick google and mastercard processes over 3 billion transactions per day.

So say 10 billion transactions per day at 0.00001 XRP per transaction then that would be 3.6% consumed in 100 years, If 30 billion per day, then 10% consumed in 100 years. and if another tech emerges then its over for XRP.

to be significant you would need about at least about 300 billion transactions per day.

so looking at that then its true, the level of destruction would be very slow. good link cheers.

https://www.quora.com/How-many-trans...ocess-everyday

**longway** · 13-12-2017, 07:57 PM

Originally Posted by baldrick

luigi - way to miss the point - you have the way to convert into a crypto via bx.in.th , then you can send it to anywhere in the world as ETH , ZEC ,LTC, CUM - though not as BTC because the fees are abit high

if you have any wish to really diversify open an account with polinex and binance - and install authy app and enable 2 factor identification

waiting for my binance verification to complete, then i will move 50% of my IOTA there, until I can figure out their shitty wallet.

**fiddler** · 13-12-2017, 08:09 PM

Looks like it Ethereum's turn today. ^ ^ ^ ^

**Luigi** · 13-12-2017, 08:26 PM

DOG up 30% today too.

BTC still flat as a pancake. Taking out some of my BTC returns and putting them into ETC, LTC and XRP for the short-term, until BTC starts to take off again.

XRP Ripple up 74% to the thb today!

Crazy.

**Luigi** · 13-12-2017, 08:31 PM

ETH up 22% today. Pushing $700.

$688.77
21.900%

**longway** · 13-12-2017, 08:52 PM

A good source of info for coins. https://coincheckup.com/

A good tab is the predictions. Cites the value per coin at a given % of M0 in the world invested in it. (physical notes and coins and central bank holdings), about $5 trillion currently. Very good reality check. M1 is $ 25 trillion and M2 $60 trillion.

And I am looking into this ICO: https://www.gatcoin.io/

I think its a potentially a good one, they have patented airdrops of marketing tokens offering special offers and rewards to directly into your mobile, and will set up an exchange where you can trade your points, tokens etc for something you really want, perhaps even cash.

**Luigi** · 13-12-2017, 09:52 PM

ETH smashing through the $700 barrier.

$736.38

**longway** · 13-12-2017, 10:50 PM

I think, assuming IOTA can succeed, it has one of the best potential returns in the LT.

There are 2.7 quadrillion IOTA. If they succeed to become the currency of the of the IoT, then use of about $1 trillion per year is a fairly modest projection.

Currently IOTA is $4.2 per million IOTA (mIOTA)

1 trillion/2.7 quadrillion = $0.00036 per IOTA, so mIOTA would go for $360.

Eevn if I am out by a factor of 10, Not bad

**longway** · 14-12-2017, 12:46 AM

The cyptomarket cap is now 500 billion, and rising fast. I think it will will reach somewhere between $1-2 trillion before people start asking themselves what exactly is a bitcoin and what does it do?

At which point we might well see a ‘correction’.

So bitcoin to $100,000? I think its possible if it can make it past $50,000.

This is gonna be fun.

**buriramboy** · 14-12-2017, 01:05 AM

LTC down to £233 i notice, sure was about £270 yesterday when I was trying to register with coinbase. Saved £400, winning!!!!!!

**Mr Earl** · 14-12-2017, 01:58 AM

Originally Posted by longway

At which point we might well see a ‘correction’.

So bitcoin to $100,000? I think its possible if it can make it past $50,000.

This is gonna be fun.

yes indeed, wildly fun,

I'm kinda hoping for a big correction down to 10k to buy in some more.

Nevertheless..
It's gonna go to 1M by 2021, or John McAfee will eat his dick!

**Farangrakthai** · 14-12-2017, 02:29 AM

i'm just playing around with the cryptos (no serious money) and have signed up with a few exchages:

Originally Posted by Plan B

I've found Bitstamp to be one of the most boring, least cheap, minimal option exchanges.
On the plus side it's never had a 'hacking' incident, verified my credentials in less than a week and I got instant BTC on a credit card which I then used to buy XRP or sent to other exchanges to diversify among the alts.

yes, they seem to have a solid rep, so i signed up with bitstamp (based in luxemberg): can trade xrp there, too.

the us-based ones in san fran (krakken, coinbase) and vegas (bitrex) are more difficult to sign up to from thailand.

and, for those complaining about long wait times: with my kasikorn debit card, and sending a photo of me holding the card and my passport, i was approved to start trading at cex.io (london) in about 10 minutes

(total time about 20-30 minutes to sign up and then be ready to trade).

higher rates at cex.io, though they use FOK orders (executed immediately and in full).

Originally Posted by longway

I think, assuming IOTA can succeed, it has one of the best potential returns in the LT.

and binance is the place to get it, right?

Originally Posted by longway

Originally Posted by baldrick

binance -

waiting for my binance verification to complete

good reports of offering a variety of coins and low fees, though the negative side (i guess) is being new and based in china.

Originally Posted by longway

until I can figure out their shitty wallet.

yep, read about that.

what do you think about the paper wallet version? have a safe? ;-)

**Dragonfly** · 14-12-2017, 04:11 AM

Bitcoin futures spike, trip circuit breakers
Contract prices shot up more than 20% hours after Cboe Global Markets opened trading of bitcoin futures, triggering circuit breakers that temporarily shutdown trading to manage volatility. Dealers say they were handling bigger volumes than expected.

https://www.bloomberg.com/news/artic...to-wall-street

**baldrick** · 14-12-2017, 05:30 AM

Originally Posted by longway

A good source of info for coins. https://coincheckup.com/

coinmarketcap.com

**Mr Earl** · 14-12-2017, 07:12 AM

Interesting discussion about what the futures market means to Bitcoin and the other crypto coin..

**baldrick** · 14-12-2017, 08:03 AM

have to eat my words over ETH - seems to be powering over the 700 mark

even ZEC has crossed the 400 mark

**Mr Earl** · 14-12-2017, 08:10 AM

I think that Mannarino guy is right about the alt-coins going up because of the futures market.
I be glad I bought some way back in August and September.

**YourDaddy** · 14-12-2017, 08:18 AM

Originally Posted by Farangrakthai

i'm just playing around with the cryptos (no serious money) and have signed up with a few exchages:

Well, fuck me dead. It seems like every last TEFLER has signed up for this pyramid scheme. Waiting for Cyrille, AO and Dragonfly to get in and officially call it a short.

**Latindancer** · 14-12-2017, 08:33 AM

Litecoin, a smaller cousin of bitcoin, has seen its value more than double in just one day.
Litecoin creator Charlie Lee tweeted a sobering warning to those not prepared to lose their entire investment.

Cryptocurrencies have exploded since bitcoin futures began trading in Chicago over the weekend.
Litecoin, the fifth-largest coin by market-cap, has seen its value more than double since Sunday afternoon, trading above $US300 Tuesday morning - 110% above its weekend price.
Creator Charlie Lee wasn't celebrating like some other Litecoin holders, though. The former director of engineering at crypto exchange Coinbase tweeted a dire warning for potential litecoin holders Monday night:
"Sorry to spoil the party, but I need to reign in the excitement a bit…," he wrote. "Buying LTC is extremely risky. I expect us to have a multi-year bear market like the one we just had where LTC dropped 90% in value ($US48 to $US4). So if you can't handle LTC dropping to $US20, don't buy!"

https://au.finance.yahoo.com/news/li...033846910.html

**Mr Earl** · 14-12-2017, 08:41 AM

Originally Posted by YourDaddy

Well, fuck me dead. It seems like every last TEFLER has signed up for this pyramid scheme. Waiting for Cyrille, AO and Dragonfly to get in and officially call it a short.

The greatest pyramid scheme of all time,

**Pattaya Plies** · 14-12-2017, 08:55 AM

**Dillinger** · 14-12-2017, 09:34 AM

Originally Posted by baldrick

have to eat my words over ETH

Whod have thought it eh? All that studying youve done and now your taking tips from Luigi and Pattaya Plies

**baldrick** · 14-12-2017, 09:42 AM

Originally Posted by Dillinger

All that studying youve done and now your taking tips from Luigi and Pattaya Plies

er ..... though they would have better advice than butters

is anyone here mining anything - I have had a 1060 6gb attached to nanopool since march and it has been steady at about .1 eth a month - paid for itself - I just use the eth to play day trader

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