Anyone Else Unload Their Bitcoins Before The Nosedive? - Page 2

To participate in the forum you must log in or register.

Author	Replies: 19 / Views: 5,218	Page: of 2

DavidUK Pillar of the Community United Kingdom 2624 Posts	Posted 12/24/2017 06:29 am Funny I was thinking of doing something with my coins... (I mined some Bitcoin, Litecoin, Feathercoin and Dogecoin many years back when it was much easier) it has always been super volatile though and I am not particularly worried by that bump in the road which was caused by a big sell off. I was only thinking of selling as I want the money for something else, if I can afford to hold on I will keep longterm. I am stood in at about £300 per coin for the electricity so I am freerolling and really it is all good news recently where its concerned. First Japan officially recognised it as a bona fide currency, Putin came out in favour too which is a switch up really as far as the Russian attitude to it goes and Wall Street started trading futures. I think with such a finite commodity and such a large demand worldwide the bubble has a long way to go before it properly bursts but only time will tell. Report this Post to the Staff
Guybrush Valued Member Taiwan 192 Posts	Posted 12/24/2017 1:31 pm I'm neither expert in economy nor cryptos but I agree with DavidUK, the bubble of Bitcoin won't burst anytime soon. Not so sure with other cryptos though. Report this Post to the Staff
AES Valued Member United States 456 Posts	Posted 12/28/2017 6:22 pm Quote: the bubble of Bitcoin won't burst anytime soon. Not so sure with other cryptos though. I was curious about these cryptos so I played around on an exchange to learn a little more. The miner fee for a bitcoin transfer, of any size as far as I could tell was over $26. That's not bad if you're buying a car, but it kind of stinks if you're sending someone a hundred bucks. The other cryptos had nominal fees but nothing like bitcoin. It cost almost nothing to transfer BTH to another wallet. This BTC run-up has attracted a lot of attention for the cryptos, but it may be the downfall of BTC as well. The backlog and miner fee auctions are a lot to overcome. Report this Post to the Staff
AES Valued Member United States 456 Posts	Posted 12/30/2017 01:04 am According to Bloomberg, 1000 individuals own 40% of all bitcoin and thus bitcoin cash after the Aug 1 fork as well. I was studying and participating in a couple of distributed computing projects when bitcoin came onto the stage. I set up a couple of CPUs tasked with mining using a local wallet.dat file. I grew bored with it before too long and put the CPU cycles back toward finding the next largest Mersenne prime number. I searched every scrap of media in my possession for that wallet.dat file after this spike, but unfortunately for me it wasn't something that I archived. After careful thought, I would classify bitcoin as a commodity more than a currency. It consists of wasted processing cycles and electricity. That is essentially what we're trading isn't it? I don't mean to endorse or promote this site, but they have some insight into the real world impact of the new crypto currency we're rushing to adopt. https://digiconomist.net/bitcoin-en...-consumption Report this Post to the Staff
	Replies: 19 / Views: 5,218	Page: of 2

First Page Last 15 Replies

To participate in the forum you must log in or register.

All Forums Category: General Numismatic Forums Forum: Precious Metals and Bullion - Gold, Silver, Copper, Platinum

The First Dollar, your premier source for bullion and rare coins. See our bullion list on the site and the coin inventory on ebay.

Silver Gold Bull US is the United States leading bullion dealer. We deliver gold coins, gold bars, silver coins, silver bars and precious metals to your door. Order today!

View Last 100 New Topics

View Last 100 Active Topics

Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. Copyright 2005 - 2026 Coin Community Family- all rights reserved worldwide. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited.
Contact Us | Advertise Here | Privacy Policy / Terms of Use

Coin Community Forum

It took 0.24 seconds to rattle this change.