A question about crypto mining

Red96EK said:
SRS question/discussion I am having with a buddy at work.

You think the bubble popped because the market has currently absorbed all it could and could not keep up with the slowdown of money coming into Bitcoin with all the ICOs opening left and right?

Bitcoins went up like that because people put money into it, alot of money in a short period, then they took alot of it out to fund ICOs left and right.

So the market, currently, is out of fresh money. the people that could do it have done it and the market would need "fresh money" to keep going.

Like a bigass Ponzi scheme if you will... ;)

Toughts?
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You don't get garanteed payback, BTC is not a ponzi, just a very volatile currency at the moment.
Bitconnect WAS a ponzi and it's now dead.
 
!Xobile said:
No, the market crashed because of the Asian crackdown on mining operations especially in China, then South Korea got involved and discussed regulations.
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What Asian crackdown? The one where Alibaba has launched a crypto mining platform? Who is more likely to know what is going to happen with cryptocurrency's future in the Asian market? The asian Jeff Bezos or the FUD machine? Or are you talking about the crackdown where MUFG (Japan's 2nd largest bank) is poised to launch their own crypto exchange? Or are you talking about the crackdown that stems from more FUD about South Korea pretending to regulate cryptos?

I believe the actions of huge billion dollar corporations in that part of the world over the nonsense making its way here via the interwebs.
 
So bitconnect was officialy declared a ponzi... was at 6$ this morning and it now worth 30$. Are ppl investing in crypto this fucking dumb ???
 
goshko said:
So bitconnect was officialy declared a ponzi... was at 6$ this morning and it now worth 30$. Are ppl investing in crypto this fucking dumb ???
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Im wondering if that black guy on youtube sold or not!? Thats fuckup!

Envoyé de mon Nexus 5X en utilisant Tapatalk
 
goshko said:
So bitconnect was officialy declared a ponzi... was at 6$ this morning and it now worth 30$. Are ppl investing in crypto this fucking dumb ???
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The lending platform was closed but BCC is still used as currency at some places, it's still mined and stacking is still working.

There are tons of PoS and PoW coins with nothing else to offer, BCC is now on par with these.
 
En!vy said:
What Asian crackdown? The one where Alibaba has launched a crypto mining platform? Who is more likely to know what is going to happen with cryptocurrency's future in the Asian market? The asian Jeff Bezos or the FUD machine? Or are you talking about the crackdown where MUFG (Japan's 2nd largest bank) is poised to launch their own crypto exchange? Or are you talking about the crackdown that stems from more FUD about South Korea pretending to regulate cryptos?

I believe the actions of huge billion dollar corporations in that part of the world over the nonsense making its way here via the interwebs.
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Just the fact that you are not aware of what is going on is a HUGE red flag. How the hell do you invest in something and not keep up to date on it ?

Educate yourself:

https://www.fxstreet.com/news/crypt...n-fears-bitcoin-hits-4-week-lows-201801161102

https://www.fxstreet.com/currencies/cryptocurrencies#newsanalysis
 
https://www.fxstreet.com/news/crypt...rket-cap-drops-below-500-billion-201801172010

The cryptocurrency sell-off that was triggered on worries of South Korea banning trading activity continued on Wednesday with the top ten largest coins losing around 20% for the second straight day. The BTC/USD pair dropped below the $10K mark for the first time since late November and was last seen trading at $10,178.70, losing nearly 12% on the day. The ETH/USD pair extended losses below the $1K handle while the XRP/USD plummeted to $1, both dropping nearly 20% on Wednesday.

The sharp decrease seen in the total market capitalization of all cryptocurrencies suggest that investors are looking to leave the market and the negative sentiment surrounding the crypto market is creating a domino affect. Although we have seen sharp corrections in Bitcoin and other major cryptocurrencies in the recent past, the total market cap continued to increase. However, this recent sell-off is more broad-based as reflected by the shrinking market cap, which was $453 billion as of writing.

Meanwhile, Bitcoin Futures on the CBOE plummeted to an all-time low at $9225.

Most experts see the next significant support for the BTC/USD pair at the 100-DMA level, which is located near $8,800. A decisive break below this level could bring in more technical sellers and trigger another big led down in the short term.
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Lolll pendant que vous perdez votre cash moi j'ai fais une fraction de pourcentage sur mon cpg 5 ans. Fucking peasants.

Sent from my Nexus 5 using Tapatalk
 
Boulard83 said:
Ya juste ceux qui "panic sell" qui perdent du $$$ ;)
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Crime j’avais jamais vu ca comme ca, ta comme trouvé une faille dans le monde du trading :run:

Dans le fond, t’as rien perdu tant que t’as rien vendu?!

Faq t’as juste a jamais vendre pis tu vas jamais perdre, dans le fond tu peux pas perdre en trading :bigup:

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