Cryptocurrency

[pjclarke]

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.

There has been a sharp drop in the price of bitcoin and other virtual currencies after South Korean cryptocurrency exchange Coinrail was hacked over the weekend.A tweet from Coinrail*confirming the cyber-attack sent the price of bitcoin tumbling 10% on Sunday to two-month lows.

The world’s best-known cryptocurrency*lost $500 (£372) in an hour, dropping to $6,627 on the Luxembourg exchange Bitstamp, while most other digital currencies also recorded large losses.

From <https://www.theguardian.com/technology/2018/jun/11/bitcoin-price-cryptocurrency-hacked-south-korea-coincheck>

Bittylicious will buy at £5k. My modest stash of LTC and ETH down about 17%. Not as secure as we thought?

[mattfx]

My modest stash of LTC and ETH down about 17%.[/QUOTE]

ETH is a great pick but LTC? It doesn't really achieve anything and BCH IMO would be the better project to back.

[scooterscot]

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ETH is a great pick but LTC? It doesn't really achieve anything and BCH IMO would be the better project to back.[/QUOTE]

Agreed. However it'll probably still rally but a long term future? Not so sure about that.

[mattfx]

ETH is a great pick but LTC? It doesn't really achieve anything and BCH IMO would be the better project to back.

Agreed. However it'll probably still rally but a long term future? Not so sure about that.[/QUOTE]

They'll all rally for sure - but LTC (IMO) is pretty much the weakest "big name" coin out there.

[scooterscot]

Agreed. However it'll probably still rally but a long term future? Not so sure about that.

They'll all rally for sure - but LTC (IMO) is pretty much the weakest "big name" coin out there.[/QUOTE]

And Ripple XRP - no intrinsic value that others are not already offering. The protocol will for sure and can be used by banks but there's no reason for the coin to have any value, let alone the value attached to it currently.

[mattfx]

The main reason I am into Ripple is Santander are already using it in Europe for borderless transfers - It only takes one or two big names for something like that to blow up

[scooterscot]

True - but Santander don't need XRP to make it work. Only the Ripple protocol. When I understood this I cashed in my Ripple position. Even though PBC recommends it.

[scooterscot]

Question:
The cryptocurrency Bitcoin (BTC/USD) settled at 6773.4 USD at 04:30 AM UTC at the Bitfinex exchange on Monday, June 11. Will BTC/USD trade above 7214 USD (+6.5%) earlier than trading below 6333.13 USD (-6.5%) ? (forecast 51-100% - bull scenario. 0-49% - bear scenario)
Indicator: 16.34%


Bears continue feeding on the weak hands it seems. You can go short on BTC if you dare. Not worth the risk IMO.

[DimPrawn]

Lambos sure starting to look expensive priced in Staoshis

[scooterscot]

Can only afford 1 maybe 2 at a push