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The Asian session and every other day effectRecently , it can be said with no doubt that crypto and it's current bear winter have been unkind to Asia , specifically China - where mining companies are going bankrupt, where ASIC'S that were high end not all that long ago are being sold for scrap. Thusly, many miners and owners of mining pools HAVE NO CHOICE but to sell their BTC , likely other MINED currencies , and who can blame them. The problem comes in there and in the American sessio , where people perhaps are just not seeing the correlation and taking the time to either buy or at least not succumb to panic selling. Not ALL CRYPTOS ARE MINED. This is an important distinction , and yet the market continues to look to Bitcoin for price direction. In the past 48 , BTC rallied out of proportion to prominent coins that dont require mining. The coupling effect?? Price manipulation to keep mining in business?? Institutional buy in?? The latter seems unlikely as that would result in a sustained rally, and Bitcoin , while in the green , is teetering. Other coins didn't fare too well. Something else seems to happen during a wavering market - everyday at some point the TRADEVIEW daily range resets , and more often than not , price movement has changed direction every other day in a wavering market. Can people not see this, or is it some psychological cue to sell that bypasses reason? Finally Coinbase. Coinbase has been leading the pay your taxes charge , yet cannot on it's base platform (many of us bought our first coins there , so please dont judge ) differentiate a sell from a withdrawal. This has made software testing difficult. Does anyone know if API access helps clear things up? Correlate ACTUAL withdrawals with deposits on other exchanges?? Please comment below if you know or can point me in the right direction. I entered the game late , took losses , and I need a practical way to correlate this data. Caveat Emptor.
BITSTAMP:BTCUSD
by Cryptocautious
Litecoin Short term Pull Back!!SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Litecoin Short term Pull Back!! BITFINEX:LTCUSD will pull back at these levels before heading further south. When it breaks @32.200 level it will move heavily south again to at least the @21.400 level. From my experience stay on the sidelines. Follow your Trading plan, remained disciplined and keep learning !! Please Follow, Like,Comment & Follow Thank you for your support :) This information is not a recommendation to buy or sell. It is to be used for educational purposes only! Update idea
BITFINEX:LTCUSDShort
by SMPTrader
What to think, media etc.As of this writing , BTC is trading at 4234.20 , XRP at just .39622 ; and among these developments , the media has flipped - first displaying what could be taken for honesty , now piling on stories about Dr. "Doom's" predictions , especially that central bank electronic currency will obviate blockchain , BTC , and any other form of current crypto. What happened to the standard of the press of ages old ; unbiased, neutral coverage of the news?? Just days ago , a writer on C.C.N. advised that now was a wonderful opportunity to "buy the dip." I wrote about that article , as it had quoted a price for BTC that simply was not correct as of the writing. Now the crypto-media has shifted it's bias against current forms of digital currency , and blockchain technology in general. Why are more and more use cases for blockchain being found , adopted and used if it is so flawed?? From fortnite and non-fungible in game tokens to the tracking of chickens , to government's abroad adopting the technology for Medical research all the way to monitoring such things as the South Korean beef supply if it is useless? Overstock's CEO is selling the retail company to focus on blockchain. Bitcoin and blockchain came as a package , but they are far from inseparable. Despite the growing adoption of blockchain tech , magazines such as Forbes claim it has found no use. People looked at Satoshi Nakamoto's work and were blown away by the genius of it , yet a Bitcoin transaction can take from 20 minutes to an hour. Cryptocurrencies are not all the same , just as blockchain doesn't equal Bitcoin , Bitcoin does not equal digital transaction technology. Ripple has developed a network that can currently process 1500-2000 transactions per SECOND. Think about that. It will improve from there if it is allowed to, and while their network does not require that people use XRP as a store of value or medium of exchange , XRP is the native currency of the network. According to google , the XRP ledger is more decentralized than Bitcoin and Ethereum , and that is the goal here is it not?? Why would people adopt centralized , bank controlled fractional reserve digital currency if privacy and freedom from government control are the goal? Banks in the United States , if not elsewhere as well , operate using the "Fractional Reserve System." To better explain ; this is why your current cash and bank holdings are called fiat currency. This is also why they only guarantee up to 100k in the U.S. , because it is plausible that a financial crisis severe enough would mean that your bank might not have your funds in full. Banks no longer back a note for legal tender with it's equivalent in Gold or Silver , they only back a fraction of it , hence the term Fractional Reserve. The supposed reason behind this is so they can expand the economy by freeing up capital (YOUR CAPITAL) so that it can be loaned to other parties, and while current bank interest rates are as low as 0.1% in cases, the interest on the loans issued to a small business are as high as 6% and in many cases higher. Who profits most?? The BANKS , and when they print money and become reckless with their lending so as to accrue more interest , things like the financial collapse of 2008 happen. Why?? GOVERNMENT BAILOUTS. Who pays for that?? YOU , the taxpayer!! We are reaching a point where I wouldn't suggest to anyone that they should believe ANYTHING reported by the press in regards to money , commerce or the economy. The term "fake news" all too often rings true these days. So who is behind that? Big Money (ie. Banks,) GOVERNMENT - all of which NEED you to believe in your native currency , and the real Blue Bloods , the perhaps 10-20 families that really control the World. If you think the Presidency of the United States is the height of power , you are mistaken. Just do some fact finding. The REAL people in power are the ones who control the money , and they aren't the puppets operating whatever reserve applies . Those are elected and appointed figureheads , as the people who control wealth very rarely reveal themselves. THIS IS WHY DECENTRALIZED CURRENCY MEANS SOMETHING! It is controlled by a consensus of the people who own and barter it , and those people are LETTING THEMSELVES DOWN! If you want to live in a world where every moment you spend is known to Government entities than by all means , abandon cryptocurrency in it's dark hours. With the digital age has come new forms of coercion and control , and all that requires is the quiet herd mentality of the people it governs. Power will become more and more consolidated as the rich get richer and the middle class evaporates. We are being made fools of , and we are allowing it to happen. Why? Don't believe everything that you read. With the likes of Dr. Nouriel on one end and Mike Novogratz on the other it is important to remember that the loudest voice in the room is most often the weakest in the room. Who wouldn't be confused?? So Craig Wright and company push a button and now crypto is done? Think about who is being allowed to do that. I'm not a financial advisor and I am not pushing anything other than the freedom that Decentralization implies. Decentralization doesn't need to be mined , it needs to be demanded , practiced and achieved. Nurtured. Protected. Demanded. I also suggest reading "The Shock Doctrine," a wonderfully enlightening book by the very astute Ms. Naomi Klein. In the meantime try to stop damaging yourselves and the future by devaluing freedom and privacy. Caveat Emptor , and that applies also to the information you "buy" into.
BITSTAMP:XRPUSD
by Cryptocautious
Bitcoin smashed and atleast 15% more to go!!SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Bitcoin -10.15% destroyed!! At least another 15% to go in the short term Bitcoin continues on a further south direction. No other support lines are in the way and heading towards the next support line at around the @4500 level. From my experience stay on the sidelines or short sell. Follow your Trading plan, remained disciplined and keep learning !! Please Follow, Like,Comment & Follow Thank you for your support :) This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
BITFINEX:BTCUSDShort
by SMPTrader
2
How to buy or sell Litecoin for Profit!SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY 5 Litecoin Order Types Order Types a) Market order A market order is considered as a buying and selling order, which should be executed based on the current market prices. Market orders are utilised when execution certainty is prioritised by investors on the execution of price. Investor produces market orders by using brokerage service. b) Stop order/loss 1. The investor places a market order for the selling of any LITECOIN at a certain price level determined by the investor. This can enable the investors to limit the generation of loss in their investments or a security. The stop-loss order also instructs the broker to buy the security at a price defined by the investor. 2. For instance, if the investor buys the security at a price of $40, he may order the broker when it price comes to $45, this can enable the investors to avoid of loss as a result of decreased prices. c) Limit order A limit order determines a specified price level or even better prices to the broker, so as to buy or sell the currency within the price limits specified. Lower prices limits are determined in a buy limit order, which needs to be executed when the price gets lower. Conversely, higher price limits are provided in a sell limit order. However, this does not provide a guaranteed order for execution as the price limits are not defined, exactly. d) Buy stop order 1. This order is used in buying a security when the prices increase as compared with the level of current price offering. The order is triggered when the price of a Litecoin touches or goes beyond the price limit provided in the order. 2. The order can be accomplished automatically and this can enable the investors to generate profit when the prices go upward. e) Using leverage to trade Today, investors and different organisation use to advantage, in order to increase the returns on their investment. A broker who handles the account of investors provides the loan to them in terms of Leverage. Leverage is provided to the investor on the margin of his investment. If 100:1. Leverage determines that investor has invested $1000, and then this means the amount he can trade values $100,000. However, this can increase the investment risk, as a result of changes in litecoin prices. If the price changes are 1% or lower than that the situation seems to be less risky, higher price changes can lead the investor towards the huge risks. Follow your trading plan, remained disciplined and keep learning :)
BITFINEX:LTCUSDEducation
by SMPTrader
Bitcoin! Don't get stuck trying to catch a falling knifeSELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Bitcoin Bullish reversal?? Think again!! Bitcoin has broken an important support line and the next support line is around the @4500 level. From my experience trying to buy this on its way down it trying to catch a falling knife. If your desperate and want to buy into bitcoin, at least wait until Bitcoin has consolidated or don't enter at all. Follow your trading plan, remain discipline and keep learning :)
BITFINEX:BTCUSDShort
by SMPTrader
2
Largo ResourcesLGORF Vanadium Flake and high grade source to V2O5 for making high strength steel. 0.5% V2O5 will double the strength of steel. Above this it can improve corrosion protection and harden metals like in aircraft engines. It is also offering a new battery technology that is more reliable than Lithium-Cobalt-Manganese batteries. The stock has already jumped 148.5% since July and climbing back to Oct. 30 high of 3.48 from current 3.33. Who will make Vanadium reflux batteries is my next question, anyone? Watching from 786fibretracement and nearing Oct. 30 high.
LLong
by Pokethebear
Silver mining costs, and effects on price.We recently fell back to a long time low on Silver. Using pure technical analysis, I can see 3 major points where we could find a reversal, not including the current double bottom that may result in a reversal right now. Looking more a logical reasons why silver will go up, my recent research on mining prices are a big signal towards a bull market. Estimates on mining costs for an ounce of silver come to between $5.80, and just over $15. That means we are reaching the point where some companies are taking no profit on their silver mining. If we don't recover soon, companies will begin going bankrupt. The supply of silver will diminish greatly, and will no longer be able to meet demand. With the supply decreasing, and tech companies, and investors trying to get silver, the price only has one direction to go. That is up. I intend to buy at each flat green line on it's way down. At the lowest line, I intend to put every cent I have into silver. I see no possible way for the price to drop below $5.
TVC:SILVERLong
by atherises
3
Bitcoin fundamental analysis: energy consumption unsustainableBitcoin's energy consumption is out of control. The network's energy needs come primarily from mining. The current industry standard miner is still the Antminer S9 from Bitmain. The power consumption trend is proportional to global hash rate which continues to increase exponentially, yet innovation in the mining sector has stalled since 2016. Recent developments in 2018, i.e. 10nm ASICs from Innosilicon and 7nm ASICs from GMO have not brought any significant increases in efficiency, please see this chart . It is unlikely that a breakdown in price from here will be sustainable for miners over any prolonged period, i.e. bear market, that is probably why market makers have prevented this from happening. Without increases in efficiency a bear market will not be possible as energy consumption is too high already. However a bull market will lead to unbelievable energy requirements and the world is well within its rights to demand cessation of mining (which can be legislated against, indeed UK facist-liberal daily the Guardian advocates just for that Bitcoin’s energy usage is huge – we can't afford to ignore it ). It is not really possible to estimate a reliable figure due to various hidden costs (be suspicious of anyone that says otherwise), but even back of envelope estimates such as mine put Bitcoin's electricity consumption as being the equivalent of 0.2- 0.4 % of global electricity consumption. There are simply too many miners and too much hash rate. Satoshi once said he thought in the future mining would be performed on specialised farms, of which there would be around 100 worldwide. He never considered mining pools and he didn't care much about the lack of decentralisation in mining. And I am assuming he never expected the global hashrate to reach the tens of millions of terahashes. (Currently 45,000,000,000,000,000,000 hashes/second). Koomey's Law states that computing power should double every 1.6 years on average. Well Bitcoin mining has far outstripped this and without significant increases in miner efficiency (exponential increases), proof of work in its current form is dead. Miner Specs Hash rate: 13.5 TH/s Power: 1300 W Efficiency Calculation E = 1300 W / 13.5 TH/s = 92.3 W/Th/s (Watts per Terahash) Weekly Power Consumption Calculation (chart) P = Global Hash Rate * E / 1000000 * 24 hrs/day * 7 days (we divide by 1000000 to convert from Watts to Megawatts, i.e. 1 MW = 1,000,000 W)
H
by RealMcafee
8
A diatribe on NVDAThis is my diatribe on why I am staying away from Nvidia. There are many facets to this business that go under peoples radars, but the most important from an earnings perspective especially with the state of the general purpose hardware arms race, is the mining metric that they like to throw around and that those numbers are a lie. It's also a flat out deception that they claim to have left the mining space. Their percentage of sales figures for mining uses comes from cards that were designed specifically for mining (IE the P102 and P106 cards). When they talk about crypto sales declining, they are talking about those cards, when they talk about profits from miners they are talking about those cards. This has always bothered me; They never discussed this metric openly until recently when they announced they were "leaving" the crypto space, which is something they don't have a choice in. The fact is that their record sales that have created their current bull market are more based in mining operations than in gaming computers, and there is no way they could ever have a metric for mining sales unless they were discussing cards that were designed for mining. Which means they themselves are either in the dark in regard to how their GPUs are being used which I find unlikely or they are misleading the general public because the numbers they are aware of are far more grim than they want to let on. They have somehow convinced the general public that miners only buy mining specific GPUs and that the "gaming" gpus are not being used by miners. That is a deception, the run on GPUs was not created by gamers but by miners. And with the miners not having a general interest so far in the RTX branded cards due to potential performance and the abhorrent cost there will be a fairly large gap in earnings that will be difficult to make up. With the mining issues aside, NVDA is making a huge bet on the future of games. They are attempting to become the APPL of GPUs by locking people into their specific architecture for ray tracing performance, Apple can do this because they create a life style around their products, Nvidia will have a more difficult time convincing people to lock themselves into a single part in a PC for the foreseeable future. Another issue that is present is the performance of the cards for the price you are paying. The 2080 and 2080ti are not showing benchmarks that highly outshine their predecessors on non ray trace specific games. Sure the RT reflections and soft shadows are really cool and add a really pretty flare to your overall gaming experience, but does it completely change the games enough for a person to spend $1200 on a single GPU? Let alone a person who is a hardcore gamer who cares more about their kill count than if they can admire themselves in the window they just ran buy. If the FPS in something like GTAV which is not optimized for ray tracing is 90 with a 2080ti and is 80 with a 1080ti the benefits are obviously not strong enough for a person to spend $1200 on. The final thing that was bothersome to me was the tear down and benchmark embargo that Nvidia placed on the reviewers they sent early cards to, this to me would indicate that they knew the overall numbers would be disappointing and that they wanted to keep people on the hook for their preorders without trying to get a refund. I think overall earnings are going to be disappointing, and there will be a resulting painful realization for NVDA holders. Only the future will tell, but right now things are not looking great on the horizon. This is not investment advice, only my personal outlook on nvidia and their current state of affairs.
NASDAQ:NVDA
by d4wn0ff473
CCJ - NYSE CCO - TSX Powering the grid Cameco Corp. Mining Uranium stock likely recovers in breakout of FIB retracements 0.5 (recent down) and 0.382 (recent up) and near 9.81 or drop below 9.50 to 8.95-9.25 resistance. Point of interest: * Uranium prices beaten down since 2011 Fukashima Reactor melt-down and back-up generator cooling failures from psunami hitting Japan. * Japan shuts down all of the 32 Nuclear Reactors to assure public safety and clean-up causing global Uranium (Ur) prices to tumble to where it now is. * Nuclear energy is still a paid for and quite reliable energy source with proper safety measures, which Japan now has and plans to restart. * No. Amer. power also relies on nuclear power, which Pres. Trump will not import from other countries supporting demand. * This is one of several plays, which is safe haven mid to large-cap mining stock and away from volatility (VIX) moneyballers like, as VIX up near 5% each of last 2 days. Viewers come to own conclusions. Like, share, comment.
NYSE:CCJLong
by Pokethebear
A Larger Correction Might Be Underway for VALEThe Cycle Wave 5 top (and Supercycle Wave 1 top) was most probably on the week of the 14th of May 2018 (please reffer to related idea). NYSE:VALE now seems to be on an Intermediate Wave C which is part of the Cycle Wave A down. If this count is correct we should still expect Intermediate waves B and C. Only after Cycle Wave C, the last part of Supercycle Wave 2, should we see the hallowed Supercycle Wave 3. \o/ Best idea for now is to step aside from the stock and wait for signs Supercycle Wave 3 is around the corner...
NYSE:VALE
by geraldelli
Ethereum death window, based on fundamental analysis Hi i hope to have good time Today i want to calculate ETH death window based on fundamental analysis! what's the meaning of death window ? i called lowest price and lowest time period after that all of Ethereum network crash and dead, after this price mining is not profitable and all the miner switch off their machines . lets calculate this price: All of us know ETH network generate new block after 14.5 seconds and today block rewards is approximately near 3 Eth. I would like to estimate how much miner paid for electricity to generate a single Ethereum for this purpose we need to chose sample and formal miner devices and total network hashrate . base on my experience from mining optimum mining rig with 6 GPU ( optimum GPU card ) cards are able to generate 180 MH with using 1.2 Kwh electricity, from last published idea i found average electricity rate is 0.1189 $/Kwh . ========================================================== how many mining rig we need to build today Ethereum networks ? total Ethereum network speed is 287,486.80 GH/s ( refer to etherscan.io) so we need 287486800 MH/s / 180 MH/s = 1,597,149 mining rigs this bunch of devices is using 1,916,579 Kwh, during an hour Ethereum network generate near 757 ETH today a single ETH cost = total eth network electricity * electricity cost / total ETH during an hour = 301 $ ========================================================= i will update this post when we are moving in downtrend again.
BITFINEX:ETHUSD
by MSHLFX
2
A dangerous descentThe price was able to overcome the next level without problems and continues to decline. At the current time the next level of support is the mark of 6.200. Given the fall in the value of the cryptocurrency, mining becomes less profitable and may soon become unprofitable. The only winners in the fall are traders. In case of falling volumes of mining, prices may again rush down. Since our technical indicators point for a sale, we believe that at the current moment it is worthwhile to take short positions and consider the point for fixing of the profit at the mark of 6.200.
BITFINEX:BTCUSDShort
by SuperForex