Any thoughts on technical setup right now? Bullish pennant breakdown or still intact? Support at 30,000?
I'd bet there is some entity in the world that can break an IronKey, but not for this kind of usage.
https://stockhead.com.au/tech/a-germ...0m-in-bitcoin/Stefan Thomas, a German-born programmer in San Francisco, told The New York Times this week that he forgot the password to his IronKey, a secure hard drive with the keys to his wallet with 7,002 Bitcoins, or about $US220 million ($280 million) worth. IronKey gives users 10 guesses to get their password right before encrypting the hard drive’s contents; Thomas has two more tries left.
Any thoughts on technical setup right now? Bullish pennant breakdown or still intact? Support at 30,000?
Oh I didn't want the card for mining, I want it to play games lol. But I guess the idea is, even if its not profitable to mine now, you are hoping the coins will be worth much more later, and then it would have been very cost effective. The guy I sold my parts to said he had 26 GPUs and was getting "a little over 1 Ethereum a month". So at current prices, it would take 1-2 years to get your money back for just the GPUs
I knew the mining resources was what does the transactions, but surely that is a small percentage, right? Otherwise NEEDING this massing computational power just to have the system running would seem like a massive downfall.
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Some reasons for concern although the one thing it may have going for it now is that it has been rebounding just before testing the 50-day EMA in the last few months.
Longer term it looks like the 200-day EMA may want back in the picture...
Tom
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Winter is coming.
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There it goes again...
Tom
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Crypto companies are gapping up pre market this morning. Good weekend for coin prices. The alt coin DOGE has taken headlines lately, which is just ridiculous because it was originally created as a joke, but hey that's crypto for you.
I sold GBTC this morning. I don't believe I posted the trade here so I won't mention prices. But taking a break on btc at this new high.
Tom
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$1.5B invested in bitcoin. Imagine how far that money could have gone towards bringing clean water to some places in the world.
There is a new fund available this week, Osprey Bitcoin Trust (OBTC). Looks same as GBTC but aims to have lower fees. Sounds promising, but I don't like how it was down 23% yesterday when actual bitcoin was down a small percentage.
Until an actual index tracking ETF comes along, meaning crypto gets SEC approval, the best way to buy it is through a coin broker where you not only get the real price but actually own the underlying asset.
Tom
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I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
The bitcoin mining companies have been going crazy too. That is one way to play it. RIOT, MARA, CLSK, etc.
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