Thread: RIP Bitcoin

It's starting to get cold.

I've turned my GPU mining back on. May as well get paid for heating my room.

Some local news...

Thailand SEC releases details

The SEC will allows seven cryptocurrencies, used for initial coin offerings (ICOs), to be traded as trading pairs. They are bitcoin, ethereum, bitcoin cash, ethereum classic, litecoin, ripple and stellar.

https://www.bangkokpost.com/business...crypto-details

Originally Posted by baldrick

I am thinking about buying some more ASICs and sending them to the colo in the US I am using for my DCR1

INNOSILICON

jesus, where do you fit your cock in that thing ?

^ I have no wish to be your god - I realise you cannot comphrehend the majority of the words I use

so you can just get back to the supplicant position before your boiler room bosses and enjoy your hourly bukake sessions

^ round the back then?

btc back down to $7,200 (24 hour chart):




8 month chart:

Originally Posted by baldrick

^ I have no wish to be your god - I realise you cannot comphrehend the majority of the words I use

so you can just get back to the supplicant position before your boiler room bosses and enjoy your hourly bukake sessions

yo, hablas Ingles, con chav

and also you do not comphrehend tech

butterfluffer is is best if you just leave this thread alone - you do not believe in crypto , you do not want to buy crypto , you are satisfied with the sperm tsunami each day

everyone knows that you are a technical blowhard and your computer advice is not worth reading , as this is achived on 'tinternet

those that want info on the crypto revolution that is ongoing do not want to have to navigate the shoals of your stupidity

so it is best if you just fcuk off and determine how to efficiently absorb the deposits of your superiors - you will need the payrise

a plumber chav that went into crypto and think he got it right this time

you couldn't make this kind of shit up, that's why crypto is heading to a wall

Cryptocurrency theft at $1.1B this year, study finds
Criminals have stolen approximately $1.1 billion worth of cryptocurrency this year by using the dark web and ransomware, according to a study by cybersecurity company Carbon Black. About 34,000 offerings exist for cryptocurrency theft, and malware costs $224 on average.

https://www.cnbc.com/2018/06/07/1-po...asy-to-do.html

Investors await clear SEC stance on digital assets

Institutional investors are reluctant to make a move until the Securities and Exchange Commission clarifies its position on digital assets, experts say. "Until that happens, we cannot say they are assets from a legal and compliance perspective," says Carl Kruger of LumX Group.
https://www.thetradenews.com/bitcoin...domino-effect/

Looks like a Bullish Engulfing Lulu all the way down to Shitsville.

will the $6,500 support level hold?

if no, say hello to prices not seen since 2017.

90 day chart (btc = $6,770):

Originally Posted by Luigi

Bullish Engulfing Lulu all the way down to Shitsville.

Bearish

Originally Posted by Dillinger

Bear

Reckon I'll be on the wrong end of one for 500b at the end of the month if this keeps up.

would be nice if btc just found a bottom and a range.

easier for day trading, anyway.

what will the bottom be, though?

3,300?

https://www.coindesk.com/6k-next-bit...after-10-drop/

Across the media, the price drop has been put down to a cyber attack on South Korean exchange Coinrail, revealed Sunday, and renewed concerns regarding security at cryptocurrency exchanges.

However, a big move was expected anyway – as an extended period of consolidation or low volatility is often followed by a sharp move on either side – and prices started falling Saturday, so the hack on a minor exchange seems an unlikely cause.

So, bitcoin looks set to extend the decline over the next couple of weeks. On the downside, support is seen at $6,000 (February low), $4,496 (100-week moving average) and $3,300 (trendline drawn from the August 2015 low and March 2017 low).

• A minor corrective rally to $7,000–$7,240 could be seen in the next 48 hours before further sell-off.

Is that a 24hr time step chart?If so we are beyond parabolic, we're vertibolic. Volume is up at least, giving HOLDers the ability to become SAILors (Sell all immediately Lulu).

Originally Posted by OhOh

SAILors (Sell all immediately Lulu).

https://techcrunch.com/2018/06/10/ko...lowing-a-hack/

Originally Posted by fishlocker

https://techcrunch.com/2018/06/10/ko...lowing-a-hack/

classic

Almost time to start sucking off Turkish men in public telephone booths.

you are going to enjoy it lulu, I know it

Fair's fair, the Belgian did warn us, but on the bright side there's still a few bob left for a scoop at this boot sale.

Originally Posted by fishlocker

https://techcrunch.com/2018/06/10/ko...lowing-a-hack/

Great idea to incinerate stolen cryptos if the theft can be verified, not like Mt Gox and other (alleged) scams. Previous owners are no worse off, the hackers/thieves gain nothing, and it acts as a deterrent to other wannabes so that in time the policy reduces or eliminates this lucrative pastime.

Maybe a step further could allow verifiable re-mining of incinerated coins for return to previous owner with a 50% or even greater admin fee.