Isn't this a "buying opportunity"? I don't know, but the "smaller coins" like Cardano, BitTorrent, Hex, DogeCoin, XRP, Stellar, RavenCoin all went down and seem to be at VERY low levels, meaning that they can't go as low as Bitcoin or Ethereum. It is Bitcoin and Ethereum that started crashing lower yesterday. I was watching Stellar, BitTorrent and RavenCoin and they started going up yesterday (then a smaller dip came today). Could it be that the Bitcoin and Ethereum sellers are moving into these smaller coins and are pushing them up? It might be that smaller coins are not going to crash much lower, but in fact will be pulled up by those who move into them right now. I see a lot of upside in Stellar, BitTorrent and RavenCoin. These in particular seem to have their bubbles already popped and whenever Ethereum and Bitcoin take another dip, these stay around their current levels. This is why I'm saying - perhaps it'sa buying opportunity, just check the ones that have already collapsed. Like Stellar and BitTorrent. Cardano is still quite high. Solana is still in the bubble, overbought (I think). RavenCoin is getting out of a triangle phase on the charts.
And then there’s always the sharemarkets, gold stocks and PGE and if you want to play silver I guess there’s a market there though I’d suggest it’s even more highly speculative than crypto
I had a surprised when I checked the price of bitcoin today. Always thought that bitcoin price had a positive correlation to tech stocks.
Meanwhile Beanie Babies at record highs...... 17k would be SWEEEET! Cmon you fat bastard! Or 30k maybe more realistic haha. Doesnt hurt to dream tho.
^ Or, it all goes to zero and then it will be worthless. It's not real money after all. Anyone following the news about Kazakhstan? Last year they wanted to restrict crypto mining due to power shortages: https://eurasianet.org/kazakhstan-to-restrict-crypto-miners-amid-power-shortages Kazakhstan has "shut down the internet", if it's true... - today's news: https://www.rt.com/business/545291-bitcoin-dives-kazakhstan-mining-internet/ "Former Soviet republic, world’s second-largest mining hub, is facing major internet disruptions amid nationwide anti-government protests Bitcoin has seen a sharp decline as protests continue in Kazakhstan, the world’s second-largest mining hub, where internet was shut down, forcing local miners to switch off their equipment. The world’s leading cryptocurrency has dropped to $42,786, which marked a daily drop of nearly 8.5%, extending losses recorded during the previous session. The decline occurred after network data provider NetBlocks reported “significant disruption to internet service in Kazakhstan from the evening of Tuesday 4 January 2022, progressing to a nation-scale communications blackout on Wednesday afternoon.” The normalized network connectivity in Kazakhstan reportedly fell to 2%. Riots broke out in the west of Kazakhstan on Sunday, a day after the government’s decision to remove a cap on energy prices came into effect, doubling the cost of liquefied petroleum gas." Prolly people got so upset that they went out onto the streets Or, Satoshi Nakamoto staged a coup and he is becoming the next "Dr.Evil Lord of the Earth" and Borat will be his press secretary. I don't care what Biden, Kama, Putin or anyone else says. I want to hear what Borat says about this
Yeah this next big drop might get ugly and im hoping for some carnage and fire sales haha. Hopefully we dont blast down through doge and shiba or im shaving off my eyebrows.
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I am surprised that none of you crypto brainiacs on here have picked up on what has been going on in Kazakhstan, and that it might have had an impact on what has been happening in the Crypto markets in the last few days. Kazakhstan is a major player in the cryptocurrency world and has become the world's second-largest bitcoin mining center after the USA. It has recently accounted for 18% of the global "hash rate" computing power used by computers connected to the bitcoin network. This week the country has been hit by national internet and electricity blackouts which prevented the local miners and traders from accessing the Bitcoin mining and trading networks. Imagine if this type of mayhem and revolution spreads across the globe and what your cryptos will be worth then.
Sounds like a bunch of crypto miners will be moving soon. Like they did from China. Theres always somewhere else that would love to have them.
they out of power lol so the bottoms would break looking for lower prices again soon, so many speed bumps yet ahead
https://www.bloomberg.com/news/arti...-flocked-to-kazakhstan-now-see-zero-potential This article makes it sound like the rush to Kazakhstan was from the Chinese miners when it was made illegal but the power grid is too ancient to support it. Something like this really shouldnt have much if any impact.
they should wait for the nuclear power plants ready before moving, or get dissappointed yet again its a colour revolution that already failed, we knew it just one day after the attempted one by the foreign supported terrorists
The mining industry and the exahash of the network isn't necessary for the value of BTC. Only the number of nodes
