Bitcoin Going to Zero? Not Likely

a reply to: SRPrime

I'm not wrong.

I never said that BTC mining wasn't responsible for the price increases in GPUs.

If you're going to go on a whole diatribe at least respond to what I actually said. Which was that the demand increase wasn't solely due to mining. AI research has dramatically increased and as such GPU demand is increasing and going to continue to increase.

The world will soon move away from CPUs and many higher end processing will be done by GPUs.

This is but a minor bump in the road. If I were you I would take advantage of the very temporary price drops we're seeing now.

While you're at it, you should buy some bitcoin mining rigs as they are very cheap right now. Thr price will be climbing back up and I think you'll want to be mining bitcoin as it does.

Did you know that subway and overstock accept bitcoin? There are others but those come to mind along with a few states now accepting btc in payment for taxes.

I have heard of people using those mining units to heat their homes. lol

a reply to: UncleTomahawk

they originated money. amybe.

originally posted by: i77oomiknotti
a reply to: UncleTomahawk

they originated money. amybe.

I hope so.

It loks like it from all the headlines i see.

Alls I know about bitcoin is I these days I really, really wish I'd listened to those spam emails telling me to buy it back in 2011-2012.

originally posted by: Ohanka
Alls I know about bitcoin is I these days I really, really wish I'd listened to those spam emails telling me to buy it back in 2011-2012.

Buy now.

The base is around 3500 but it is headed seriously up very soon. There is no reason i can see now that this time when it goes up that it will fall again.

The base is solid and will grow.

originally posted by: Ohanka
Alls I know about bitcoin is I these days I really, really wish I'd listened to those spam emails telling me to buy it back in 2011-2012.

I use this chart to tell me when I should buy, hold or sell.

Haven't failed yet.

I want people to succeed in this.

a reply to: projectvxn

try getting a piece of the cash.

a reply to: i77oomiknotti

how far back is that? i wonder.

a reply to: i77oomiknotti

What?

Need more than vague sentences.

a reply to: projectvxn

i don't have a lot of information on it.

For all the naysayers in this thread who said I was wrong about the bear market being over:

Back Above $4k: Bitcoin’s Price Jumps to a Two-Month High

Bitcoin’s price has since pulled back slightly, now trading at $4,104, but current figures still represent a considerable 20 percent increase since the beginning of the month.

At the time of this posting BTC is trading at $4,183.47

a reply to: projectvxn

Still have to make it through one more downleg. Well according to all the TA guys anyway.

a reply to: JinMI

They're looking for a reach to 5k before they'll call a bull market.

a reply to: projectvxn

No idea myself. I'm just holding even if foolish.

I'm very curious to see how the market reacts when there is bull run consensus

a reply to: JinMI

Check this here:
www.moonmath.win...

Right now it's scraping the buy region, but it won't be for long.

This chart is the reason I didn't lose a lot of money during the crash. If you want to get a head of the rise and falls pay attention to this chart.

Even if there is no massive price action BTC still wins over time.

Edit:

I'm calling a bull market I believe began 3 weeks ago when I announced I would start buying again.

Here we are. I think the market is feeling pretty good.

a reply to: projectvxn

I'm likely to agree. Bottom around 3.2k. Seeing sideways action followed by a rise would also back the bull.

From my layman's perspective anyway.

Yeah now is a good time to start averaging into the market i think.

I'm thinking this is going to be the year of the alt coins.

a reply to: JinMI

My prediction is a run up to 10k and it will hold there for much of the year to peak at or near 25k maybe even 30k by the end of the year into January of next year. It will then come back down to 10k and hang out there maybe come up to 15k or so by July of 2020. As I said before, even if there is no massive run-ups in price, but steady "buy" territory action along that logarithmic chart, Bitcoin still goes into the 30k - 35k territory by 2022 (I realize this assumes a few things about the growth of BTC, but I do not see them as unreasonable). I'm a patient guy.