Cryptocurrency

[ChimpMaster]

BAX crowdsale applications now open here.

Wow - they are valuing the company at £100m. That is just plain shocking, absurd. Lucky for them they aren't on Dragon's Den

[scooterscot]

Question:
The cryptocurrency Market Capitalization settled at USD 338B at 11:30 AM UTC on Friday, June 8. In your opinion, will the Market climb above 370B USD at any time before June 24?
Indicator: 51.58%

[TheGreenBastard]

What happened to the predicted June Boom?

[Hobosapien]

What happened to the predicted June Boom?

"Past performance is no guarantee of future results"

Still 20 days for them to have guessed right.

[crmh]

In Siam We Trust.

https://twitter.com/SiamKidd/status/1005870671975591936

[scooterscot]

Its coming....

$8m trying to buy in at the minute on Bitmex, $19m 10 minutes before that... If BTC remained below $6.6k for any length of time it would no longer be profitable for mining. Certain interests will not allow that to happen.

[TheGreenBastard]

Its coming....

$8m trying to buy in at the minute on Bitmex, $19m 10 minutes before that... If BTC remained below $6.6k for any length of time it would no longer be profitable for mining. Certain interests will not allow that to happen.

But "certain interests" will allow it to skim along the breadline for an extended period of time

[scooterscot]

But "certain interests" will allow it to skim along the breadline for an extended period of time

A lot of panic selling going on in the smaller exchanges for sure.

[Hobosapien]

Don't the bitcoin miners set the minimum price they're willing to accept to process a transaction, so they can maintain at least a break even by forcing higher transaction fees if necessary?

As bitcoin is looking more like a store of value rather than a true currency, the transaction fee is almost irrelevant if you intend hodling rather than speculating in short trades.

Until we see a flight from fiat to gold and other 'save havens', due to high inflation or further currency devaluation via 'printing', we may not see much rise in bitcoin's price, unless it become more attractive to investors or public fever is stoked again.

[scooterscot]

Until we see a flight from fiat to gold and other 'save havens', due to high inflation or further currency devaluation via 'printing', we may not see much rise in bitcoin's price, unless it become more attractive to investors or public fever is stoked again.

That will contribute to increases but not as much as institutional investment. Everything institutional investors is now in place except for a custodian for the currency. It'll likely be a bank rather than a pure crypto exchange. When that happens you'll see pension funds, hedge funds, offering positions in crypto.