Cryptocurrency

[_V_]

FFS under $10K now.....

Wasn't that long ago it was under $1K, so really, is a tiny blip this 50% fall. When it's lost 99.9% it will be back to where it was a few years ago.

[BlasterBates]

I'm hedging with tulip bulbs, they've been down for a while, it's time they went up.

[The_Equalizer]

I'm hedging with tulip bulbs, they've been down for a while, it's time they went up.

And don't all bubbles float?

[Jog On]

Wall St bonus cheques + this could explain such a massive sell off.

These folks like to get in at good prices. Just chucked another £500 FIAT into Uphold. Might be able to get a whole ETH if I time it well enough...

[mattfx]

I suppose with enough investment you could effectively retire and just mine crypto for a living

FTFY. Well said that man, that's the spirit.

With 8 rigs and 12 cards in each rig you could make £1168 profit per week based on the valuation and mining difficulty I initially provided of $52/Zen. Thats £60k per year tax free due to it currently falling under currency speculation upon which tax (from what little I have read) does not appear to be due.

Initial investment in that setup for the graphics cards based on what I paid would be £21k. Supporting hardware would be about £7-8k. Totally passive income.

[mattfx]

Wall St bonus cheques + this could explain such a massive sell off.

These folks like to get in at good prices. Just chucked another £500 FIAT into Uphold. Might be able to get a whole ETH if I time it well enough...

Once I build my rig i'll be trying to mine Eth before it goes back up and then go back over to Zen.

[SunnyInHades]

Okay, so the hardware:

6 X 1060 GTX graphics cards
Bioshock 12 PCI-e slot motherboard
Celeron crappy processor - Kaby Lake though.
4 GB RAM
6 PCI Risers
6 80mm fans
64 GB thumb drive for SMOS
1000W Modular PSU with support for 8 PCIe outputs

Sounds similar to an Ethereum mining rig built by a UK dude in the last few weeks documented in the following vids - straight to the point and worth a watch if you're doing a UK build.
N.B Ignore everything he mentions about Bitconnect - they shut their doors yesterday .. most investors have lost money. The BCC coin now is down 96% to $7.20 (coinmarketcap) following the closure notice.

[VirtualMonkey]

Wall St bonus cheques + this could explain such a massive sell off.

These folks like to get in at good prices. Just chucked another £500 FIAT into Uphold. Might be able to get a whole ETH if I time it well enough...

I was under the impression ETFs being launched in blockchain based companies would improve the market...what have I missed here?

[FrontEnder]

Sold off a few coins so I can open up some more short possitions. Currently shorting LTC, XRP and DASH.

I'm now loving all these red candles

[_V_]

Sold off a few coins so I can open up some more short possitions. Currently shorting LTC, XRP and DASH.

I'm now loving all these red candles

What's the opposite of "going to the moon!"?