Bitcoins/Litecoins/Virtual Currencies

Rajaah

Rajaah

Honorable Member
<Gold Donor>
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Edaw said:
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What the fuck.

So is Bitcoin about to skyrocket from the halving, or are we in for Crypto Winter? Place your bets.

SEC's interference is the main thing that warded me off of altcoins and the market at large. Really expected them to Shut It Down by now but here we are.
 
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S

sliverstorm

Trakanon Raider
74
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I don't understand why halving would do much to the price outside of driving less energy-efficient miners out of business.

Doesn't Bitcoin auto-adjust the difficulty of its algorithm to average one block every 10 minutes or so regardless of how many or few miners there are?

And most of the bitcoins already exist, so this isn't an especially big supply change overall. And due to the auto-adjust, the schedule of that supply has been known forever.
 
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Araysar

Loser Araysar

Chief Russia Correspondent / Stock Pals CEO
<Gaming Ghost>
75,757
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Rajaah said:
What the fuck.

So is Bitcoin about to skyrocket from the halving, or are we in for Crypto Winter? Place your bets.

SEC's interference is the main thing that warded me off of altcoins and the market at large. Really expected them to Shut It Down by now but here we are.
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Araysar said:
The halving is probably getting priced in already, months ahead.
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Flobee

Flobee

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The halving has never been an event where the price immediately moons. Go look at some charts. Its a nothing event in the short term. Give it 6-18 months if history is an indicator of what to expect.
 
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Tuco

Tuco

I got Tuco'd!
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Mist

Mist

Eeyore Enthusiast
<Trapped in Randomonia>
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Tuco said:
The US Senate didn't propose this. A member of the US Senate (known for this kind of bullshit) sent a letter to Biden about it. I don't even know if Sen Warren is on whatever subcommittee would be responsible to craft this kind of legislation.

edit: she is on the taxation subcomittee.

www.finance.senate.gov

Subcommittees | The United States Senate Committee on Finance

Subcommittees
www.finance.senate.gov

Let's see how her proposal goes.
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The internet is filled with unbelievably gullible people pretending to be skeptics.

Star Trek Hoax GIF


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Flobee

Flobee

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Devs for Samurai the company that runs the most effective mixer were arrested this week. Combined with that DoJ arguments about how they want to address 'crypto' moving online has been released. They're coming for your corn boys. I've been saying it for a long time, but its worth trying to understand how this stuff works because they're going to try to take it from you. Bitcoin is going to be fine, but your ability to transact freely with it is what is under attack. Store of value will exist, but without the freedom to transact that Bitcoin natively allows it hardly worth anything.

Thread worth reading

 
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Tmac

Tmac

Adventurer
<Gold Donor>
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So, this story is called, "Eat while the getting's good or else starve."

I've been watching BTC since it peaked and had a plan to re-enter in the "re-entry zone". We entered the zone on May 1 and I didn't bite bc I figured we'd revisit. I'm still waiting, but I think this is a good reminder for me. Don't get greedy. Have your rules, follow them, even if you think things will "get worse" continue adding to a position instead of waiting for "the perfect time".

Not feeling as good about my re-entry as I was, but we shall see.

Screenshot 2024-05-16 102837.png
 
Leaton

Leaton

Trakanon Raider
80
57
Yeah, no panic when it dropped to 57K a month back, bought some more BTC.

Very relaxed, now I just chill till September.
 
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