quote:

Originally posted by VBVAGUY:
I am hoping that the price of BitCoin goes down even more and I will buy some. Just because of the big drop in price of BitCoin, lots of people are making fun of it, however I believe the price will jump again and stay up in the next few years. Then the people making fun of it will saying Coulda, Shoulda, Woulda...... Just all my opinion of course !!! God Bless

getting close. Current chart vs rice and fall of stock price.

quote:

Originally posted by Edmond:

quote:

Originally posted by matai:
I am very interested in the future of blockchain technology, working in cybersecurity, I see some interesting use cases. I think there's about 100 startup ventures promising the use of blockchain to change some industry, but none of them have really done anything.

matai,

Can you send an e-mail to me, please?

E-mail is in my profile.

Just emailed.

Not sure if you cryptobros watched the crypto senate hearing but it was very positive.

The shirt of it is-

ICOs = IPOs and are securities.
Once out of ICO stage crypto is commodities.
They have no jurisdiction but will surveil for manipulation just like the spot market.

story on Russian super computer scientist and bitcoin mining: https://arstechnica.com/tech-p...-with-supercomputer/

I'm not sure what capacity "1 petaflop" is.

A petaflop is 1000 teraflops.

A a decent video card in the $500 range can do about 9 Teraflops per second.

People are stringing up multiple video cards to a single mining rig, so maybe a $6000 computer could turn out 100 teraflops.

And FLOPS are "floating point operations per seconds".

Here is a math table which shows how powerful the supercomputer capable of 1 petaflop was : http://www.math.com/tables/gen.../measures/metric.htm

ETA: Thanks Aeteocles for that info about the power of modern video cards. I knew that NVIDA's stock was going up because of Bitcoin et al., but I didn't realize that video cards were so powerful these days.

quote:

Originally posted by DanielLee5:
Do you think it is reasonable to invest in crypto currencies now? I am not talking about Bitcoins only, but about all the coins in general. I asked this question at specialized forums but I want to hear different opinions, I am even ready to hire a financial consultant. Currently watching latest news at cryptomarketwire.com/ , but still can't make a final decision.

Buy Tulips in the long haul. Short haul, there’s money to be made if you’re up to dancing in a fire hoping not to get burned. Still, it’s guts and timing as is everything.

quote:

Originally posted by P210:

Short haul, there’s money to be made if you’re up to dancing in a fire hoping not to get burned. Still, it’s guts and timing as is everything.

That's about it for everything, isn't it?

Guts and timing.

Good distillation. One can analyze all they want but, in the end, it still comes down to guts and timing.

quote:

Originally posted by DanielLee5:
Do you think it is reasonable to invest in crypto currencies now?

No it's the ultimate vaporware. You get monopoly money for greenbacks. Plus there's something utterly preposterous about the amount of energy being used to support this.

This one buy doubled bitcoins value.

quote:

Bitcoin BUYOUT: Mysterious investor buys $344million Bitcoin during cryptocurrency slump

https://www.express.co.uk/fina...inbase-market-invest

Then there's Tether which seems to print money as needed.

quote:

There’s an $814 Million Mystery Near the Heart of the Biggest Bitcoin Exchange

https://www.bloomberg.com/news...est-bitcoin-exchange


I know some people who like to hustle instead of work. They were mortgage brokers involved in the mortgage debacle, ran a medical marijuana store when it was a grey area and now promote crypto currencies.

You could of thrown some money into it 8 years ago but not today. If you want to play you should be looking at what's just evolving and will be "it" 4 years from now.

quote:

Originally posted by FishOn:

quote:

Originally posted by Aeteocles:
In the last day while everyone has been debating whether this is a scam, the value has jumped 50% to nearly $19k.

Today is a blow-off top.

And yes....that was a textbook blow-off top.