Bitcoin scores a ‘golden cross’ — and now everyone is bullish

[johnarb]

Went in on ltc at 30$. Hard on RVN, BEAM, and GRIN

Just a disclaimer, I don't read or follow up on RVN much. I solo-mined 700,000+ of it within a few days of launch, as I was lucky to have seen a twitter announcement from Bruce Fenton and it was only linux cli wallet available, so I fired up 6 AWS spot-request instances (64-core) which are 80% discounted from on-demand instances and was getting block rewards 5000 each to my wallets, as the difficulty was very low. Now, the network hash rate of RVN is in the hundreds of thousands of GPU's

I was too cheap! I could have probably had about 15 instances (my account is allowed up to 20), but ran them round the clock for about 8 days from what I remember, cost me ~$350

My point is I don't have a trading/market opinion on RVN, just trying to stay diversified which is why I have it in my portfolio, truth be told, if I didn't care about diversification, I'd put it all on XTZ, but this is not investment advice.

 

[Cuddles]

Just a disclaimer, I don't read or follow up on RVN much. I solo-mined 700,000+ of it within a few days of launch, as I was lucky to have seen a twitter announcement from Bruce Fenton and it was only linux cli wallet available, so I fired up 6 AWS spot-request instances (64-core) which are 80% discounted from on-demand instances and was getting block rewards 5000 each to my wallets, as the difficulty was very low. Now, the network hash rate of RVN is in the hundreds of thousands of GPU's

I was too cheap! I could have probably had about 15 instances (my account is allowed up to 20), but ran them round the clock for about 8 days from what I remember, cost me ~$350

My point is I don't have a trading/market opinion on RVN, just trying to stay diversified which is why I have it in my portfolio, truth be told, if I didn't care about diversification, I'd put it all on XTZ, but this is not investment advice.

Put some of my ETH rigs on it a couple of months ago. That is a nice return you got there with so much coin. Thinking of dropping a few g's on it before FPGA bitstreams are released and difficulty truly explodes.

 

[johnarb]

Put some of my ETH rigs on it a couple of months ago. That is a nice return you got there with so much coin. Thinking of dropping a few g's on it before FPGA bitstreams are released and difficulty truly explodes.

When a coin is just launched, the difficulty is very low (no miners), but they are also worthless ($0) as there's no exchange to trade them on. No GPU miner software, too, so all CPU mining only.

My concern with RVN was how the price was pumped (a year ago), I looked at the news and Overstock is involved and volunteering on the development (open-source, so anyone can contribute) and there's rumors they are involved in market manipulation (supporting the price on the exchanges).

It crashed to less than 200 satoshis over the course of the year, now it's back to over 1000 satoshis on the recent pump, I looked at the news, something about security assets issuance on the wallet, so I updated my wallet and I see some spam tokens being sent to my addresses.

I don't know, I don't want to talk it down, but just mixed feelings. I don't follow it closely, other than updating the wallet and making small transfers to test the private key ownership, that's about it, I leave the coins alone. Overstock did not succeed in retail, now they are trying to get into Cryptos industry, who knows... No investment advice here, just take with a grain of salt what I say as I don't even contribute to the RVN project, so I'm a nobody, lol

 

[sss12]

I've always mentioned that I'm usually holding less than 10 percent of my portfolio in bitcoin and recently have cut it down to less than 1 percent

I love bitcoin but my bags are filled with RVN and XTZ (Liquid Proof of Stake - no energy concerns )

Is that based on cost basis or market value ?! You do realize all your old posts are still on this forum ?!

 

[johnarb]

Is that based on cost basis or market value ?! You do realize all your old posts are still on this forum ?!

Altcoins are calculated on bitcoin conversion rate as they cannot be spent or cashed out anywhere except by exchanging for bitcoin.

I have very little bitcoin means exactly that, less than 1 percent of bitcoin. if I own .0099 btc, that means the rest of the portfolio is worth more than 1 btc.

EDIT: If you meant stock holdings or real estate, lol. I own zero percent in stocks or real estate, except what's in retirement account provided by my employer, so that's not counted.

EDIT #2: If you're talking about my cost-basis in getting into cryptos, ~$7K, but I've said it many times my cost basis is many times negative number now meaning I already got my initial investments plus much more.

 

[bone]

The cartel bid ?

 

[vanzandt]

dumb money is at 2:8 short:long..

Dozu, my 8yo can reduce fractions.

You're such a dick.

 

[maxinger]

should enter early at Platinum cross.
Now it is iron oxide cross.
Don't wait till iron oxide cross to enter.
it is quite late.