Bitcoins - about to hit $5,000 per coin today!

[Theoak*]

Just saw a stack of liquidation alerts come through on my feed lol. People never learn. The liquidations are what send the price downwards so rapidly.

Borrow 100x of what you have and trade with it... 100x profit but 100x loss too, so if BTC goes down 1% your collateral gets liquidated.  Amazingly there is no lack of math-challenged idiots who think this will never happen to them.

[Griffith]

ETH still pumping.

[Pray_4_War]

Max pain price for option holders tomorrow is around 39K.  On Friday it's around 50K.  Lets see if BTC coincidentally closes at those prices.

[El Diablo Blanco]

ETH still pumping.

Trend seems to be go up with the US market and down once the Asians wake up.

[Bindare_Dundat]

Max pain price for option holders tomorrow is around 39K.  On Friday it's around 50K.  Lets see if BTC coincidentally closes at those prices.

11k in one day. How many times has that happened.

[Bindare_Dundat]

Borrow 100x of what you have and trade with it... 100x profit but 100x loss too, so if BTC goes down 1% your collateral gets liquidated.  Amazingly there is no lack of math-challenged idiots who think this will never happen to them.

There's people that actually use 100x? Lol

[Flexacon]

Borrow 100x of what you have and trade with it... 100x profit but 100x loss too, so if BTC goes down 1% your collateral gets liquidated.  Amazingly there is no lack of math-challenged idiots who think this will never happen to them.

All you need to do to win in crypto is avoid being liquidated. Yet people still manage to fuck this up.

A chimp with a big red buy button would outperform some of those players.

[IroNat]

How can I get my own crypto-coin making machine?

Preferably a hand-crank model.

[Humble Narcissist]

How can I get my own crypto-coin making machine?

Preferably a hand-crank model.

Just imagine you have one.  It's the same thing.

[gib]

How can I get my own crypto-coin making machine?

Preferably a hand-crank model.

You can make your own crypto for almost zero cost. Lots os services out there that give you an entire blockchain for your coin for $100. However, making others want to own it is quite another issue...

[Bindare_Dundat]

Apple seeks to hire 'alternative payments' manager with crypto experience


Global software giant Apple is recruiting for a new business development manager specializing in alternative payments, signaling that the iPhone maker is gravitating toward digital assets.

The new job post for “Business Development Manager – Alternative Payments” was posted to Apple’s careers website on Tuesday. The new hire will be responsible for leading alternative payments partnerships and defining new commercialization streams.

Apple is seeking a business professional with more than 10 years of experience, including a five-year track record “with alternative payment providers, such as digital wallets, BNPL, Fast Payments, cryptocurrency” and others.

While the job posting is compelling, Apple remains largely on the sidelines of the cryptocurrency industry and has yet to signal definitive plans for expanding into this market. Interestingly, cryptocurrency exchange Coinbase recently overtook TikTok as the most downloaded app on Apple's App Store.

Speculation about Apple entering the digital currency space has been rampant in recent months, as investors watched Tesla add billions of dollars worth of Bitcoin (BTC) to its strategic reserves. Beyond just adding BTC to its balance sheet, Apple could be in a position to permanently disrupt the nascent industry by entering the crypto exchange business, according to Paul Steves, an analyst with Royal Bank of Canada Dominion Securities.

“If [Apple] decides to enter into the crypto exchange business, we think the firm could immediately gain market share and disrupt the industry,” Steves said in February. “The firm could unlock a multi-billion dollar opportunity with a few clicks.”

With a market capitalization of $2.1 trillion, Apple remains the largest company traded in the United States. The company had $192.8 billion in cash on hand during its most recent earnings quarter, down from $207.06 billion during the previous quarter.

 https://cointelegraph.com/guy-with-crypto-experience

Therewas a time whgen news like this would move the market big time. now.....nothing. There was other big news too and still nothing.

[Flexacon]

LOL that gif cracks me up everytime!

Good work on that pick.

I shuffled my shitbag alts around, mostly in EOS for the moment.

So much for this Bitcoin crash, we ended up only down to 36k and now ranging.

Thanks. Not sure how that pick will end, but it should be a fun ride and it's keeping me distracted from all the crypto BS right now.

I've tried to avoid any news stories, FUDs, pumps or crashes. Just going to wait for any dips and pick up any coins that look like value. EOS is making a nice move for you today. I might look at picking up some DOT if we see a dip again as it hasn't seen much of a bounce, but I'm mostly looking to stay away unless we get a big crash.

This is a really good video (confirmation bias mostly for me) on what the May, June and July are like for ETH. But we can pretty much apply to alts in general.

[polychronopolous]

Nebraska Legislature Approves Framework for Digital Asset Banks

If signed by the governor, the legislation would create a state charter for crypto banks.

Nebraska’s unicameral state legislature has passed a bill that would create a state bank charter for digital asset depository institutions. It’s now headed to Nebraska Gov. Pete Ricketts’ desk.

Bill 649 would create a charter that would give consumers and institutions places to custody their digital assets.

The banks will look very similar to Wyoming’s special purpose depository institutions, such as Avanti Financial and Kraken Financial. The bill also allows already existing state-chartered banks in Nebraska to open crypto banking divisions.

The bill’s passage came after a long battle between the legislature and the state’s banking industry.

“When the bill was introduced in January there was a distance between the banking industry and the digital asset deposit institutions’ proponents,” said state Sen. Matt Williams, chairperson of the legislature’s Banking, Commerce and Insurance Committee. “It was 18 weeks of constant negotiations.”

The largest disagreement was about usage of the word “bank,” Williams said.

https://www.coindesk.com/nebraska-legislature-approves-framework-for-digital-asset-banks

[Bindare_Dundat]

Another discount

[FitnessFrenzy]

Will we ever see dogecoin at $ 0,71 again? I doubt it...

[Flexacon]

Will we ever see dogecoin at $ 0,71 again? I doubt it...

If bitcoin ends up nearing 100k this year, Doge will probably hit $1

[Bindare_Dundat]

No-one touched doge this go around as it basically stayed stuck at 35 cents. Good, hopefully people learned what useless shit it is.

[El Diablo Blanco]

Will we ever see dogecoin at $ 0,71 again? I doubt it...

Right now there has been a bunch of accumulation.  Up and down daily.  Sure it can easily get back up but right now I think every dime will have resistance.  It will hit .40 then dip, then .50 and dip.  I think too many people have limit sales scheduled all over the place.  It will never last a nanosecond at 1.00 because I'm sure everyone has a limit set there.  The smart whales probably have it at .95 or .96 to beat out the blood bath when it hits a dollar.

[Mayday]

Another discount

See, there is still some optimism left in you lol 

If bitcoin ends up nearing 100k this year, Doge will probably hit $1

It’s plausible the whole Elon Doge thing is born out of anger. Anger that BTC wasn’t created by him.

So he gets hold of the biggest joke coin he can and then pushes it in order to make BTC and crypto look like a big joke. He can’t beat BTC so he goes full retard, pulls it from Tesla, tweets about the environment and says he is putting the Doge logo on his spaceship Etc etc out of sheer frustration and anger.

I wonder if Saylor was thinking this? When TSHTF he got Musk and the Chinese miners in talks over improving energy efficiency. He got a musk involved so it could ‘be about Musk’ and play to the guy’s ego.

[Bindare_Dundat]

See, there is still some optimism left in you lol 

Lol

Its called stupidity. Got lots of that left.

[Thin Lizzy]

Media pimping Gold. Look for another false breakout in Gold and Silver soon.

[Griffith]

See, there is still some optimism left in you lol 

It’s plausible the whole Elon Doge thing is born out of anger. Anger that BTC wasn’t created by him.

So he gets hold of the biggest joke coin he can and then pushes it in order to make BTC and crypto look like a big joke. He can’t beat BTC so he goes full retard, pulls it from Tesla, tweets about the environment and says he is putting the Doge logo on his spaceship Etc etc out of sheer frustration and anger.

I wonder if Saylor was thinking this? When TSHTF he got Musk and the Chinese miners in talks over improving energy efficiency. He got a musk involved so it could ‘be about Musk’ and play to the guy’s ego.

Crypto probably also takes some of the limelight away from Paypal. He even mentioned Paypal in a recent tweet.

Paypal is great, but charges commission of several percent and uses an inflated exchange rate for foreign currencies. Litecoin or xrp charges a few cents and arrives in seconds.

[Humble Narcissist]

Crypto probably also takes some of the limelight away from Paypal. He even mentioned Paypal in a recent tweet.

Paypal is great, but charges commission of several percent and uses an inflated exchange rate for foreign currencies. Litecoin or xrp charges a few cents and arrives in seconds.

Yeah, but my $100 in Paypal is still worth $100 a week later not .10 cents.

[polychronopolous]

Marathon plans Texas facility that will house 73,000 bitcoin miners


On May 24, Marathon Digital announced plans to build a new bitcoin mining facility in partnership with Compute North.

The new facility will house 73,000 ASIC miners in Texas and will, the firm promises, be approximately 70% carbon neutral. Marathon estimates that its total hash rate will grow to 10.37 EH/s, achieved at a cost of $0.0453 per kWh. Shares of MARA are up almost 5% on the news.

When contacted by The Block, a representative for Marathon declined to specify what the new facility's energy mix will be as well as how the firm plans to hit its benchmarks for carbon neutrality. Back in October, the firm made a similar announcement of a new facility in Montana, in a partnership with Beowulf that has seen a struggling coal-fired plant turned into a lucrative bitcoin mining center.

U.S.-based Bitcoin mining has been on the rise in recent months. While most mining has historically happened in China, new governmental crackdowns have seen the hash rate leave the country.

However, the U.S. has its own compliance concerns to contend with, among which is a regulatory push to reduce coal usage in the country's energy mix. Many of the latest generation of mines are indeed setting up shop in coal plants that had shut down as energy-saving measures made them less necessary. Questions linger as to whether these miners will be able to follow through on promises to offset their emissions.

Another critical regulatory concern facing bitcoin miners in the U.S. is the responsibility for whose transactions they verify. Marathon's pool took the controversial step of validating only whitelisted bitcoin addresses in an effort to comply with sanctions regulations.

https://www.theblockcrypto.com/linked/105902/marathon-plans-texas-facility-that-will-house-73000-bitcoin-miners

[Flexacon]

Crypto probably also takes some of the limelight away from Paypal. He even mentioned Paypal in a recent tweet.

Paypal is great, but charges commission of several percent and uses an inflated exchange rate for foreign currencies. Litecoin or xrp charges a few cents and arrives in seconds.

PayPal in the UK is amazing. No fees/easy to avoid fees unless you are accepting payment for selling something.

Also it's inaccessible to the taxman if you know what you're doing. They haven't launched their crypto trading platform yet in the UK, but that will be huge.