Watch #grayscale #bitcoin closely, they are selling #btc at an impossible #discount https://www.zerohedge.com/markets/graysc.. These are literally operating at a loss: https://www.coindesk.com/markets/2022/11.. I'll be watching the #stock very closely indeed: https://finance.yahoo.com/quote/GBTC?p=G.. Looks like more #ftx #contagion !
This #article does a great job of #summarizing why #bitcoin #crypto is #doomed to #fail https://cryptostackers.substack.com/p/bi.. It #leaks #value for anybody who #holds #longterm , #mining #costs will keep #inflating over time, they #refuse to #upgrade their #network , the #community is somewhat of a #cult , and much more. If #bitcoin #btc falls, so does pretty much all of the #crypto #market .
Heh, #tesla have #pumped and #dumped their #bitcoin https://www.zerohedge.com/markets/tesla-.. The result appears to have significantly dropped #btc as it's fueled by #fomo https://www.zerohedge.com/crypto/bitcoin..
Some #copium from #zerohedge about the #collapse of #bitcoin being #false https://www.zerohedge.com/crypto/history.. I suspect they are heavily #invested and do not want to deal with the fact they are about to lose a lot of #money ...
It's no longer #profitable to #mine #bitcoin https://finbold.com/bitcoin-mining-becom.. I suspect this may trigger the #collapse of #crypto https://uk.finance.yahoo.com/quote/BTC-U.. It's currently at 20,400 as of speaking, but I imagine we will see another #crash soon.
Great #writeup #article about the #crypto #bubble after watching #bitcoin and #ether #crash hard: https://davidgerard.co.uk/blockchain/202.. Madness!
#coinbase laying off 1,100 (18%) of #employees - I'm sure #crypto is doing fine and there is nothing to worry about: https://www.coindesk.com/business/2022/0.. Currently watching #bitcoin on #yahoo #finance and it looks like we might be below 21k for a while now: https://uk.finance.yahoo.com/quote/BTC-U.. And as for the rest, nothing is looking good in this.
#monitoring the #crypto #crash of #bitcoin , #eth , #tether , #coinbase , etc. Not looking good. Hope to write a quick #coffeespace #article later...
#stockmarkets are looking *really bad* right now: https://www.zerohedge.com/markets/bloodb.. Currently #monitoring the #dowjones at -1.5% and falling: https://markets.businessinsider.com/inde.. #bitcoin is not doing well either: https://markets.businessinsider.com/curr..
Impressive #implementation of #bitcoin written in nothing more that #cpp - much smaller than well-known and accepted implementations: https://github.com/chjj/mako
Yes, #bitcoin and #crypto *is* a #ponzi scheme: https://www.ic.unicamp.br/~stolfi/bitcoi.. I get people message me all the time "should I invest?". When normal people, who know nothing about how it works, are looking to get involved, it is already a #latestage #pyramidscheme ... #growth will either taper out or it will #crash entirely. Given that there is no intrinsic #value to #cyber #coins - I suspect it will crash *hard.*
#bitcoin could in #theory #trigger a #global #crash - but I think there are more pressing issues the #brankofengland should be worrying about: https://www.theguardian.com/technology/2.. #regulation for #crypto is incoming, but I suspect they are more worried about securing #tax ...
Might be a good time to buy up the #gold - as many are selling in favour of a #bitcoin #hedge against #inflation https://www.zerohedge.com/markets/jpmorg.. The price of #bitcoin is based on #stable #coin #conversion #services - #tether is on the absolute brink of #collapse - and is #unstable at the best of times.
Apparently a #bitcoin #mining #operation got #caught trying to #steal #gas and creating a #secret #powerplant https://gizmodo.com/a-bitcoin-mining-ope.. A local #pub tried to tap into the #gas #supply where I used to live too - on a *live* gas main pipe! It's only because it happened literally directly outside our house that we were able to stop it. If it wasn't for the risk of #explosion , it would have been better to let them do it and then #report them.
So, it turns out that even a #hamster can #outperform the largest #stockmarkets https://markets.businessinsider.com/news.. It even beat out #bitcoin ... It has zero exposure to any information about the #markets - but is significantly outperforming them. It's literally just #random ...
#jordanpeterson has an interesting #podcast on the #advantages of #bitcoin https://www.youtube.com/watch?v=iVym9wto.. One thing I was not aware of is that #bitcoin #mining will apparently come to an end in the 'near' #future ... I still believe for the most part most #crypto #coin is a #pyramidscheme - but I am now more compelled by the #argument they make. I really suspect 99.99% of people using it *do not* understand it, but then that could also be said of standard #money too. I cautiously watch...