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View Poll Results: Why did you buy cryptocurrencies?
Speculation - hope to sell them to the next high bidder. 52 58.43%
It’s a true currency. 6 6.74%
It’s a store of value. 17 19.10%
I don’t know. 14 15.73%
Voters: 89. You may not vote on this poll

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Old 09-29-2021, 05:32 PM
 
94,608 posts, read 92,344,875 times
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I don’t buy in to that theory at all
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Old 09-30-2021, 02:11 PM
 
322 posts, read 97,292 times
Reputation: 257
BTC September monthly candle closes today. I'm thinking price will explode higher after the new October candle begins. Q4 should be strong for Bitcoin and crypto in general.
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Old 09-30-2021, 04:35 PM
 
265 posts, read 140,183 times
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Source: Bloomberg
Cryptos were all down in September, never really recovering from the 'China ban' puke...

Source: Bloomberg
However, Q3 saw Ethereum end up 38%, outperforming Bitcoin (+21%)...

Source: Bloomberg
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Old 09-30-2021, 04:41 PM
 
265 posts, read 140,183 times
Reputation: 337
Anyone holding etherium did well for the quarter. S and P 500 not so great. But thats investing for you. some things do well for a time period then not so well later.



best of luck to all in all asset classes for the final quarter.
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Old 09-30-2021, 11:09 PM
 
Location: South Jordan, Utah
7,855 posts, read 8,306,274 times
Reputation: 3428
Quote:
Originally Posted by WhyRUMad View Post
So you are saying big holders are purposely selling lower to keep the price down so their buddies can get in?
I think it is easy for some to increase selling pressure to drop the price, sure. The number of Bitcoins which trade are very small.
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Old 10-01-2021, 05:42 AM
 
322 posts, read 97,292 times
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September is historically a bad month for Bitcoin. The best ever September in BTC's history is +6% gains. Conversely, October is one of the best month's historically. Q4 is usually the best quarter for BTC performance.
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Old 10-01-2021, 11:07 AM
 
499 posts, read 150,459 times
Reputation: 227
New blog up, about crypto.


//www.city-data.com/blogs/blog4...-thoughts.html
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Old 10-04-2021, 06:05 PM
 
4,893 posts, read 3,907,592 times
Reputation: 8802
Is anybody in Shiba Inu (SHIB)?

Nice move today. Thank you Elon.
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Old 10-04-2021, 07:49 PM
 
Location: NYC
20,556 posts, read 14,334,736 times
Reputation: 25616
Quote:
Originally Posted by SoundAdvice4U View Post
September is historically a bad month for Bitcoin. The best ever September in BTC's history is +6% gains. Conversely, October is one of the best month's historically. Q4 is usually the best quarter for BTC performance.
I love it, I bought every week in Sept. And I'm up 20% as of today. Get ready for the huge runups for bitcoin by end of year as the Feds inflation worries and other currency problems will lead to people fleeing the $ and equities.

Quote:
Originally Posted by WhyRUMad View Post
Look out below! WTF is happening this time? Still mining. Only about a $4 a day profit at this time.

https://www.coinbase.com/price
If mining is so unprofitable as you suggest then the mining operations would all seize to exist. Instead I see mining getting bigger and more corporate. The miners are HODLing and not selling at today's prices. It's the scarcity and future price that will reward mining operations. If your rig turns $4/day but if the prices of any crypto goes 5-20x you're looking at a $40-60/day return in the future which is very likely for those who mined early last year and sold early this year.
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Old 10-04-2021, 09:08 PM
 
Location: New York, NY
3,672 posts, read 2,259,192 times
Reputation: 4600
Quote:
Originally Posted by vision33r View Post
If mining is so unprofitable as you suggest then the mining operations would all seize to exist. Instead I see mining getting bigger and more corporate. The miners are HODLing and not selling at today's prices. It's the scarcity and future price that will reward mining operations. If your rig turns $4/day but if the prices of any crypto goes 5-20x you're looking at a $40-60/day return in the future which is very likely for those who mined early last year and sold early this year.
I didn't say "unprofitable". I said profits are down. I mine everyday. Just one little rig.

Yea, yea, HODL deez nutz. I'm holding on to my mined coins, but I'm not expecting much. In fact, I'm expecting to lose it all. I have about $3.8k in Bit Coin now at today's exchange rates. All mined. No way would I put real money into this, but mining it out of thin air is fine by me, although I still think it is a waste of energy.
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