Discussion Official Bitcoin thread

[The Helper]

Bitcoin

 

[The Helper]

A long time ago I setup my next door neighbors graphics card to run bitcoin mining and he got like 7 bitcoins from it. About a month ago he bought a truck with 1 bitcoin. IMHO stupid to waste something that was rising so much but basically all the bitcoin he had was free so whatever in the end if it all crashes he has the truck. I wish I would have done it for myself but unfortunately I did not have the level of graphics card he did.

 

[Ghan]

Man. Bitcoin mining like 10 years ago. The dream.

 

[The Helper]

The pandemic is turning fracking companies into Bitcoin miners

In 2018, the global cryptocurrency market had crashed, and Sergii Gerasymovych was looking for a way to keep his Bitcoin mining company afloat. He eventually settled on a plan to make money while cleaning up two notoriously climate-polluting industries.

Gerasymovych’s biggest headache—as for all Bitcoin miners—was the price of electricity. Bitcoin miners compete against one other to unlock coins by solving increasingly difficult math problems with fleets of computers. This consumes a lot of power globally: about as much as Argentina each year. Bitcoin miners’ profit margin largely relies on the gap between electricity bills and Bitcoin’s value; if the latter drops, the only way to make up the margin is to curb the former. That’s why so much of the world’s cryptocurrency mining is tied to low-cost coal and hydroelectric plants in Asia. Gerasymovych was hunting for cheap power in the US, and stumbled on an intriguing source: Flare gas from natural gas wells. Now, a number of market trends are converging to propel a nascent industry in gas-powered Bitcoin.

More about it here: https://qz.com/1988503/bitcoin-miners-and-fracking-companies-are-working-together/?utm_source=YPL

 

[w/e]

First bitcoin I ever bought was at $1700 like 3 years ago. Day traded for 2 years and ended up in the same financial place that I would have been in if I had just held the bitcoin and not traded lol. Lesson learned. Too bad I ended up selling it and it's now like 60k.

 

[The Helper]

Bitcoin price has gone down quite a bit recently on Elon Musk and the environment stuff. 43,518.30$ down almost 20k LOL! Makes big headlines but seriously people it just means time to buy. Only way for any normal people to make money on bitcoin is for it to drop in price and drop it will. It always has. Does anyone look at graphs? I remember when they were buying a pizza with bitcoins. It will come up again....

 

[w/e]

Yeah I've got a bit just sitting there. I remember giant 80% drops in value. I'll ride my meager holdings all the way down to zero if that's where it goes.

 

[The Helper]

Current Bitcoin price is... 41,222.70

Not too shabby!

current bitcoin price - Google Search

 

[The Helper]

Current Bitcoin price is... 42,664.60

Little bit higher

bitcoin price - Google Search

 

[The Helper]

Currently over 47500

this is a major gain over what it was last week.

bitcoin price - Google Search

 

[The Helper]

Bitcoin surges to top $59,000, putting it within striking distance of all-time high​

Bitcoin (BTC) surged on Wednesday to break above $59,000, putting it within striking distance of its all-time high as enthusiasm for the world’s largest cryptocurrency reached a level last seen during a 2021 boom.

The price of the digital asset is now up more than 15% on the week and 40% so far this year, due largely to excitement sparked by a series of spot bitcoin exchange-traded funds that started trading in January.

Bitcoin was up more than 5% at $59,396 at last check, touching its highest point since November 2021. The current rally is testing whether the price can be pushed closer to its all-time high of $68,789. That apex came six months before a spectacular crash in 2022.

"Ultimately, what we're seeing is crypto is kind of rising from the ashes of the 2022 market," Ryan Rasmussen, a senior crypto research analyst for Bitwise Asset Management.

Bitcoin surges to top $59,000, putting it within striking distance of all-time high

The world's largest cryptocurrency is now within striking distance of its all-time high as investors turn increasingly bullish on bitcoin.

finance.yahoo.com

 

[The Helper]

Bitcoin to $100K? The odds of it happening soon are…

Bitcoin’s price might remain in a consolidation phase for few more weeks before starting a bull rally.

Bitcoin’s [BTC] value has been somewhat in a consolidation phase near the $70k mark for quite a few days. If the latest analysis is to be believed, then investors might not witness an unprecedented price rise in the near term.

Therefore, AMBCrypto planned to check BTC’s metrics to see what to expect from it in the coming week.

Bitcoin has problems ahead

According to CoinMarketCap, BTC’s value just dropped under the $70k mark. The token’s value went down marginally in the last 24 hours. At press time, it was trading at $69,973.35 with a market capitalization of over $1.38 billion.

However, it was interesting to note that, despite the recent drop, over 97% of BTC holders were in profit. Additionally, as per IntoTheBlock’s data, the market for BTC was still bullish.

Bitcoin to $100K? The odds of it happening soon are…

Bitcoin’s price might remain in a consolidation phase for few more weeks before starting a bull rally.

ambcrypto.com