- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Coaching Changes
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Official CryptoTalk Thread
Posted on 8/4/24 at 5:22 am to Yeti_Chaser
Posted on 8/4/24 at 5:22 am to Yeti_Chaser
quote:
Can anyone explain what happens when all BTC is mined?
Miners receive transaction fees in addition to minting new Bitcoin. In 20 years when all Bitcoin is mined, the miners will still be validating transactions on chain which will generate fees.
2
Posted on 8/4/24 at 8:10 am to tenderfoot tigah
From what I understand, it will be 120 years before all bitcoin is mined.
Posted on 8/4/24 at 10:55 am to Hateradedrink
Crypto blood bath, hasn't been fun but at least it is almost over
Posted on 8/4/24 at 11:26 am to Falco
There is some more inside liquidity down just above 50k. Market makers may try to get it but I hope buyers come in before that. ETH is close to the bottom of their long term channel. I would think that buyers come in heavily at that point and pull BTC back upwards.
Edit: we have the bottom of the channel touch.
Edit: we have the bottom of the channel touch.
This post was edited on 8/4/24 at 12:21 pm
Posted on 8/4/24 at 1:45 pm to HottyToddy7
First wave of buyers coming in right at 57k
Posted on 8/4/24 at 2:38 pm to tenderfoot tigah
quote:You mean 120 years right? My grandkids won't even be alive when the last btc is mined
In 20 years when all Bitcoin is mined, the miners will still be validating transactions on chain which will generate fees.
Posted on 8/4/24 at 2:56 pm to QboveTopSecret
57k is the bottom of the channel. There will be buyers putting up a fight unless we capitulate which is a real possibility given the macro environment.
Ton of risk right now.
Ton of risk right now.
This post was edited on 8/4/24 at 2:57 pm
Posted on 8/4/24 at 3:13 pm to Hateradedrink
Some scuttlebutt that Jump Capital is liquidating to cover their degen longs.
Posted on 8/4/24 at 3:51 pm to Art Blakey
The retest of the bottom will be very healthy for the run if it holds.
Even if we see a run down to 50k, it’s probably overall good for the next run to flush out some degens.
Doubt we see below 50k. Mining difficulty is too high.
Even if we see a run down to 50k, it’s probably overall good for the next run to flush out some degens.
Doubt we see below 50k. Mining difficulty is too high.
Posted on 8/4/24 at 4:05 pm to Hateradedrink
Some folks are saying 53k~ish is the target for a retest of a Wyckoff formation.
I got so tired of hearing “wyckoff” last cycle and “caveat lector” “horoscopes for men” etc, but that’s the word.
I got so tired of hearing “wyckoff” last cycle and “caveat lector” “horoscopes for men” etc, but that’s the word.
Posted on 8/4/24 at 4:09 pm to Hateradedrink
quote:Could you explain this? Not being sarcastic fwiw.
Doubt we see below 50k. Mining difficulty is too high.
Posted on 8/4/24 at 5:55 pm to beaverfever
Sure. Mining difficulty correlates to energy expenditure required to mine bitcoin, which is $$$
Miners don’t like to sell at a loss. Price of btc being much lower than the cost to mine doesn’t happen too much without a miner capitulation.
That is to say, people quit mining and difficulty goes down. The more people mining, the higher the difficulty and vice versa.
If there is a serious miner capitulation, then we could see sub 50k
Miners don’t like to sell at a loss. Price of btc being much lower than the cost to mine doesn’t happen too much without a miner capitulation.
That is to say, people quit mining and difficulty goes down. The more people mining, the higher the difficulty and vice versa.
If there is a serious miner capitulation, then we could see sub 50k
Posted on 8/4/24 at 7:11 pm to Hateradedrink
Posted on 8/4/24 at 8:04 pm to boomtown143
I understand what they are doing, the question is why? Did they open up some crazy leverage longs at the top? Any theories?
Posted on 8/4/24 at 8:09 pm to HottyToddy7
The 52k-53k level is a pretty big area. Last cycle is held as support for a while and held as resistance for a while. I would imagine buyers will come in heavily. I’d not tonight, in the morning.
Posted on 8/4/24 at 8:12 pm to HottyToddy7
ETH down 25% today 
Posted on 8/4/24 at 8:12 pm to HottyToddy7
It’s hard to average up as much as I will have to. I need to discipline myself and understand BTC is not a mature market. I’m going to buy 2-3 BTC fairly soon.
Posted on 8/4/24 at 8:12 pm to LordSaintly
Posted on 8/4/24 at 8:13 pm to boomtown143
I blinked and Ethereum dropped 10%.
Posted on 8/4/24 at 8:24 pm to beaverfever
Big dick buys came in right above 2k for ETH. This is going to be a fascinating hourly. Who wins, bulls or bears?
Page 2113 of 2241
Popular
Back to top
Follow TigerDroppings for LSU Football News