Bitcoins - digital currency - Page 2110 - Business, Finances and Investing Forum

I guess it’s why the price of bitcoin prevent the difficulty to go to low .
Especially in countries where energy prices are very low .

U could have industries burning waste but creating clean energy from it , plugging a bitcoin miners on it ?
As bitcoin gets higher , I doubt difficulty going too low can ever happen .

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05-11-2024 , 10:50 PM

#52727

johnnyBuz

Carpal \'Tunnel

Join Date: Sep 2013 Posts: 7,586

Quote:

Originally Posted by Pasghettos

If there were, say, 1,000 blocks remaining until the next difficulty adjustment, and the major mining operations all shut down as in the hypothetical, it would take a really long time to complete those 1,000 blocks, right? I wonder what the impact of that would be.

I’m not sure what the precise relationship between hashrate and time is (e.g. is it basically linear?).

The difficulty would adjust sharply downward, and if those miners were to rejoin the network they would mine blocks at a far faster rate than 10 minutes per block until the next difficulty adjustment.

You often see this leading up to the halving - miners want to quickly deploy as much hash as possible before the block reward is cut in half so average block time can be significantly faster than 10 minutes.

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05-14-2024 , 11:01 PM

#52728

BradleyT

Carpal \'Tunnel

Join Date: Dec 2003 Posts: 9,491

Ignored Bittrex US e-mails for the past year because how much could it be if I haven't missed it since 2017-2018 anyway. Figured it was like $300-$500 of shitcoins.

Had to do KYC all over again (even though nothing changed it still takes like a week) and missed the withdrawal deadline. Had to join the court claimants.

Just received the last of the nearly 1 full BTC I had on there from 2018.

Looked at old transactions, trading 4 BTC for shitcoins like ARK and NEO, 2 BTC for 2 BCH....so gross. Lesson learned on not your keys not your cheddar, trading pairs, hard:soft.

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05-18-2024 , 09:21 PM

#52729

27offsuit

actions have consequences!

Join Date: Jul 2004 Posts: 38,563

Saw a screenshot of someone buying .01 bitcoin for $180 at 16k. Seems outlandish now.
I DCA'd all the way down and didn't feel good about it in the least(though I still had real conviction), but man you always wish you stacked harder.

A lesson for the next cycle. Same as the prior cycle.

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05-20-2024 , 07:36 PM

#52730

Go Get It

Carpal \'Tunnel

Join Date: Feb 2010 Posts: 12,508

What news did I miss to get to 71k today?

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05-20-2024 , 08:01 PM

#52731

coordi

Carpal \'Tunnel

Join Date: May 2007 Posts: 22,887

Quote:

Originally Posted by Go Get It

What news did I miss to get to 71k today?

ETH ETF back on the table

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05-21-2024 , 01:24 AM

#52732

housenuts

1st Quartiled the 500

Join Date: Jul 2004 Posts: 49,940

More than ETH ETF, its that the Democratics are starting to realize this is an election issue so they are starting to be less opposed.

Approved SAB-121 repeal (Biden said he'd veto, but might be changing course now. We'll find out by Saturday)

ETH ETF has become likely.

Narrative changing is mega bullish.

Both parties fighting for the crypto vote. Warren is defeated.

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05-22-2024 , 10:21 AM

#52733

BoKnows

adept

Join Date: Jul 2012 Posts: 1,041

Its crazy to think that if our favourite restaurant has a half off burgers day we'd rush out to buy, but when Bitcoin is half off me get scared to buy more.

We all do it too. I had to condition myself to buy whenever i felt scared it could go lower.

...Now to teach myself to sell a little when I get euphoric lol

Quote:

Originally Posted by 27offsuit

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05-28-2024 , 03:12 AM

#52734

johnnyBuz

Carpal \'Tunnel

Join Date: Sep 2013 Posts: 7,586

^ I find bottoms much easier to detect than tops and there are plenty of good indicators out there showing when the bear market bottom is near. Personally, I rather enjoy having opportunities to dump fiat into Bitcoin when it’s 80% off its latest ATH. That is how you make money after all. The volatility and predictability of crypto cycles can be a blessing if you have the stomach for it.

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05-28-2024 , 06:05 AM

#52735

BlackJackDegen

adept

Join Date: Sep 2017 Posts: 790

Anyone here involved in the Mt Gox distribution? I think it is expected people will get around 10-15% of what they had on MtGox at the time?

It is in the news this morning on the back of a big transfer. They expect the repayments to happen over the course of the next few months.

https://www.coindesk.com/markets/202...-price-plunge/

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05-29-2024 , 02:49 PM

#52736

MacOneDouble

old hand

Join Date: May 2017 Posts: 1,715

Quote:

Originally Posted by 27offsuit

Same

However,

1. You could show a screenshot of buying 0.01 btc today and it will (probably) look outlandish in some time in the future.

2. will it even be a lesson next time. I saw something showing stats that most (not all) simply don't stack harder during the bear market when they should be...

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05-29-2024 , 02:54 PM

#52737

27offsuit

actions have consequences!

Join Date: Jul 2004 Posts: 38,563

Quote:

Originally Posted by MacOneDouble

Same

However,

1. You could show a screenshot of buying 0.01 btc today and it will (probably) look outlandish in some time in the future.

Very true.

Quote

05-29-2024 , 05:23 PM

#52738

housenuts

1st Quartiled the 500

Join Date: Jul 2004 Posts: 49,940

Yup, find a mid American city house in 1920s and graph its price chart up to today. Will look outlandish.

A few thousand dollars to upwards of a million.

Quote

Yesterday , 04:32 AM

#52739

Dutch101

old hand

Join Date: Jun 2010 Posts: 1,995

Quote:

Originally Posted by BlackJackDegen

I am still waiting for the cash part of my accepted claim so no idea when the much more important BTC part gets transferred into my Kraken account. I will post here when that happens but after I sober up.

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Yesterday , 10:44 AM

#52740

housenuts

1st Quartiled the 500

Join Date: Jul 2004 Posts: 49,940

who did this?

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Yesterday , 12:41 PM

#52741

hansmolman

old hand

Join Date: Sep 2010 Posts: 1,863

Just making sure you are staying active on social media. Also, was curious to see if timex ever lurks this thread.

Quote

Yesterday , 01:07 PM

#52742

housenuts

1st Quartiled the 500

Join Date: Jul 2004 Posts: 49,940

Quote:

Originally Posted by hansmolman

Just making sure you are staying active on social media. Also, was curious to see if timex ever lurks this thread.

also this one

i spend most of my day on X

Quote

Yesterday , 01:50 PM

#52743

coordi

Carpal \'Tunnel

Join Date: May 2007 Posts: 22,887

Quote:

Originally Posted by housenuts

also this one

i spend most of my day on X

Shout out to Seth cubed. Hopefully people have talked to him recently as last I heard he was completely MIA

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Yesterday , 04:25 PM

#52744

BlackJackDegen

adept

Join Date: Sep 2017 Posts: 790

Quote:

Originally Posted by Dutch101

Do you mind disclosing what the breakdown will be when its finished? Is the cash fiat you had on the exchange or are they paying part of the BTC in cash and part as a % of BTC? I seen somewhere else that it will work out to 16% of the BTC you had on the exchange. What was BTC at the time price wise, $100/$200?

What a crazy day that will be when it is sitting in an account you own after all this time. That will be a celebratory drunk day well deserved!

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