Bitcoin (BTC)
#161
Go Giants
#162
Senior Moderator
Not quite. Everything is still a mess.
#163
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#164
Team Owner
Back under $10k
1 Bitcoin equals
9592.93 US Dollar
1 Bitcoin equals
9592.93 US Dollar
#165
Go Giants
I make and lose $50 every day it seems
#166
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Bitcoin just tanked below $10,000 after SEC says crypto exchanges must register with agency
https://www.cnbc.com/2018/03/07/bitc...th-agency.html
#167
Race Director
^^^^ I actually think that is a good thing (registration). I suspect the drop has more to do with the shenanigans going on at Binance rather than this announcement....
#168
Go Giants
It went down because I bought some the other day.
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Mizouse (03-07-2018)
#169
Sanest Florida Man
damn that's why it fell today, I wondered what was up, I knew it had to be some news story
#170
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1 Bitcoin equals
8,231.42 US Dollar
#171
Sanest Florida Man
#172
Go Giants
fml
#173
Team Owner
#175
Race Director
RSI hit 25.8. Prolly why you see the price turn around heading higher ($7K now). Last time RSI hit this low, it started the surge to $11K.
Note to Whiskers: DO NOT BUY right now
Note to Whiskers: DO NOT BUY right now
#176
Go Giants
Right now Im down about $350. If it ever goes back up, Im cashing out and never doing this again. Stupid
#177
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Mizouse (03-30-2018)
#180
Team Owner
https://www.bostonglobe.com/business...g5J/story.html
College students are using student loans to invest in bitcoin. Yes, really
One-fifth of 1,000 students polled by The Student Loan Report, a website that reports on debt issues from the perspective of students, said they had used some of the money set aside for their living expenses to invest in cryptocurrencies. The survey was conducted by Pollfish, which specializes in online polling.
#183
Team Owner
#185
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Always happens after a hack. Panic selling.
#186
Team Owner
1 Bitcoin equals
6,258.18 United States Dollar
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Mizouse (06-13-2018)
#187
https://www.nytimes.com/2018/06/13/t...ipulation.html
Bitcoin’s Price Was Artificially Inflated Last Year, Researchers Say
June 13, 2018
SAN FRANCISCO — A concentrated campaign of price manipulation may have accounted for at least half of the increase in the price of Bitcoin and other big cryptocurrencies last year, according to a paper released on Wednesday by an academic with a history of spotting fraud in financial markets.
The paper by John Griffin, a finance professor at the University of Texas, and Amin Shams, a graduate student, is likely to stoke a debate about how much of Bitcoin’s skyrocketing gain last year was caused by the covert actions of a few big players, rather than real demand from investors.
Many industry players expressed concern at the time that the prices were being pushed up at least partly by activity at Bitfinex, one of the largest and least regulated exchanges in the industry. The exchange, which is registered in the Caribbean with offices in Asia, was subpoenaed by American regulators shortly after articles about the concerns appeared in The New York Times and other publications.
Mr. Griffin looked at the flow of digital tokens going in and out of Bitfinex and identified several distinct patterns that suggest that someone or some people at the exchange successfully worked to push up prices when they sagged at other exchanges. To do that, the person or people used a secondary virtual currency, known as Tether, which was created and sold by the owners of Bitfinex, to buy up those other cryptocurrencies.
“There were obviously tremendous price increases last year, and this paper indicates that manipulation played a large part in those price increases,” Mr. Griffin said.
The new paper helped push down the already sinking price of Bitcoin and other cryptocurrencies on Wednesday. The price of Bitcoin fell as much as 5 percent after the report was published, approaching its lowest point of the year. Bitcoin is now down more than 65 percent from the highs it hit late last year.
The researchers relied on the millions of transaction records that are captured on the public ledgers of all virtual currency transactions, known as the blockchain, to spot patterns. This method is not conclusive, but it has helped government authorities and academics spot suspicious activity in the past.
In particular, Mr. Griffin and Mr. Shams examined the flow of Tether, a token that is supposed to be tied to the value of the dollar and that is issued exclusively by Bitfinex in large batches. They found that half of the increase in Bitcoin’s price in 2017 could be traced to the hours immediately after Tether flowed to a handful of other exchanges, generally when the price was declining.
Other large virtual currencies that can be purchased with Tether, such as Ether and Zcash, rose even more quickly than Bitcoin in those periods. The prices rose much more quickly on exchanges that accepted Tether than they did on those that did not, and the pattern ceased when Bitfinex stopped issuing new Tether this year, the authors found.
Mr. Griffin previously wrote research pointing to fraudulent behavior in several other financial markets. He drew attention for a 2016 paper that suggested that a popular financial contract tied to the volatility in financial markets, known as the VIX, was being manipulated. A whistle-blower later came forward to confirm those suspicions, and now several active lawsuits are focused on the allegations.
Beyond his work at the University of Texas, Mr. Griffin has a consulting firm that works on financial fraud cases, including some in the virtual currency industry.
“The relationship between Tether and the price of Bitcoin has been flagged for months within the community,” said Christian Catalini, a professor at the Massachusetts Institute of Technology who specializes in blockchain research. “It is great to see academic work trying to causally assess if market manipulation is taking place.”
The new paper is not the first academic work to identify manipulation in the virtual currency markets. A paper published last year by a team of Israeli and American researchers said much of Bitcoin’s big price increase in 2013 was caused by a campaign of price manipulation at what was then the biggest exchange, Mt. Gox.
June 13, 2018
SAN FRANCISCO — A concentrated campaign of price manipulation may have accounted for at least half of the increase in the price of Bitcoin and other big cryptocurrencies last year, according to a paper released on Wednesday by an academic with a history of spotting fraud in financial markets.
The paper by John Griffin, a finance professor at the University of Texas, and Amin Shams, a graduate student, is likely to stoke a debate about how much of Bitcoin’s skyrocketing gain last year was caused by the covert actions of a few big players, rather than real demand from investors.
Many industry players expressed concern at the time that the prices were being pushed up at least partly by activity at Bitfinex, one of the largest and least regulated exchanges in the industry. The exchange, which is registered in the Caribbean with offices in Asia, was subpoenaed by American regulators shortly after articles about the concerns appeared in The New York Times and other publications.
Mr. Griffin looked at the flow of digital tokens going in and out of Bitfinex and identified several distinct patterns that suggest that someone or some people at the exchange successfully worked to push up prices when they sagged at other exchanges. To do that, the person or people used a secondary virtual currency, known as Tether, which was created and sold by the owners of Bitfinex, to buy up those other cryptocurrencies.
“There were obviously tremendous price increases last year, and this paper indicates that manipulation played a large part in those price increases,” Mr. Griffin said.
The new paper helped push down the already sinking price of Bitcoin and other cryptocurrencies on Wednesday. The price of Bitcoin fell as much as 5 percent after the report was published, approaching its lowest point of the year. Bitcoin is now down more than 65 percent from the highs it hit late last year.
The researchers relied on the millions of transaction records that are captured on the public ledgers of all virtual currency transactions, known as the blockchain, to spot patterns. This method is not conclusive, but it has helped government authorities and academics spot suspicious activity in the past.
In particular, Mr. Griffin and Mr. Shams examined the flow of Tether, a token that is supposed to be tied to the value of the dollar and that is issued exclusively by Bitfinex in large batches. They found that half of the increase in Bitcoin’s price in 2017 could be traced to the hours immediately after Tether flowed to a handful of other exchanges, generally when the price was declining.
Other large virtual currencies that can be purchased with Tether, such as Ether and Zcash, rose even more quickly than Bitcoin in those periods. The prices rose much more quickly on exchanges that accepted Tether than they did on those that did not, and the pattern ceased when Bitfinex stopped issuing new Tether this year, the authors found.
Mr. Griffin previously wrote research pointing to fraudulent behavior in several other financial markets. He drew attention for a 2016 paper that suggested that a popular financial contract tied to the volatility in financial markets, known as the VIX, was being manipulated. A whistle-blower later came forward to confirm those suspicions, and now several active lawsuits are focused on the allegations.
Beyond his work at the University of Texas, Mr. Griffin has a consulting firm that works on financial fraud cases, including some in the virtual currency industry.
“The relationship between Tether and the price of Bitcoin has been flagged for months within the community,” said Christian Catalini, a professor at the Massachusetts Institute of Technology who specializes in blockchain research. “It is great to see academic work trying to causally assess if market manipulation is taking place.”
The new paper is not the first academic work to identify manipulation in the virtual currency markets. A paper published last year by a team of Israeli and American researchers said much of Bitcoin’s big price increase in 2013 was caused by a campaign of price manipulation at what was then the biggest exchange, Mt. Gox.
#188
Team Owner
Anyone know how low Bitcoin needs to go before mining can be profitable again?
Oh wait, I guess bitcoin needs to go back to its highs for mining to be profitable.
1 Bitcoin equals
4,630.01 United States Dollar
Oh wait, I guess bitcoin needs to go back to its highs for mining to be profitable.
1 Bitcoin equals
4,630.01 United States Dollar
Last edited by doopstr; 11-20-2018 at 09:40 AM.
#189
Still very profitable in Venezuela
https://www.marketwatch.com/story/he...try-2018-03-06
Here’s how much it costs to mine a single bitcoin in your country
https://www.marketwatch.com/story/he...try-2018-03-06
Here’s how much it costs to mine a single bitcoin in your country
#190
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#191
Team Owner
1 Bitcoin equals
3,734.45 United States Dollar
If it goes to $1,000 i might have to buy 5 coins.
3,734.45 United States Dollar
If it goes to $1,000 i might have to buy 5 coins.
#193
Go Giants
#194
Team Owner
1 Bitcoin equals
3,336.59 United States Dollar
3,336.59 United States Dollar
#195
Sanest Florida Man
#196
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McAfee is one of the most batshit insane people I've had the 'privilege' of encountering.
#197
Go Giants
He lives in a bubble
#198
Team Owner
He's still got plenty of blow and hookers.
#199
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Did someone mention hookers named Bubbles?
#200
Go Giants