Australian (ASX) Stock Market Forum

Bitcoin price discussion and analysis

Jump to new
Noirua - 25 Dec 2020 - 11:50:04 - 9170 of 9172Argo Blockchain PLC - ARB
Development of cryptosystem with Bitcoin ATM. Australia machines™ location
Https://bcash.eu/en/blogs/40-Bitcoin-ATM-Australia/

Find a Bitcoin ATM near you in Western Canada
Https://bitcoinwell.com/atm/

Bitcoin ATMs in Russian Federation
Total number of Bitcoin ATMs / Tellers in Russian Federation: 54
Https://coinatmradar.com/country/177/bitcoin-atm-russian-federation/

Total number of Bitcoin ATMs / Tellers in Poland: 89
Https://coinatmradar.com/country/171/bitcoin-atm-poland/

Total number of Bitcoin ATMs / Tellers in the United States: 11263
Https://coinatmradar.com/country/226/bitcoin-atm-united-states/
 
Those BTC ATM's are a rip off.

The ATM price is (usually) about 15+% above the actual BTC spot price.
Your probably better off using an app and buy through it.

What is really starting to hurt BTC is the cost of moving it around. As the BTC price rises and most exchanges have a fixed price for sending BTC (usually 0.003), its getting expensive. I have been using Stellar (XLM), which is literally fractions of a cent to send, and confirmed within 5 seconds.

Anyways, the BTC price keeps going higher and higher. Another ATH last night AU time. Rumours going around that someone purchased 1000 Bitcoin, which really pushed the price up. BTC marching to $1 million...



Screen Shot 2020-12-26 at 5.35.55 am.png




.​
 
DB008 said:
Those BTC ATM's are a rip off.

The ATM price is (usually) about 15+% above the actual BTC spot price.
Your probably better off using an app and buy through it.

What is really starting to hurt BTC is the cost of moving it around. As the BTC price rises and most exchanges have a fixed price for sending BTC (usually 0.003), its getting expensive. I have been using Stellar (XLM), which is literally fractions of a cent to send, and confirmed within 5 seconds.

Anyways, the BTC price keeps going higher and higher. Another ATH last night AU time. Rumours going around that someone purchased 1000 Bitcoin, which really pushed the price up. BTC marching to $1 million...



Click to expand...
good luck DB
 
 
When I looked into mining BTC, the price of BTC, electricity and hardware meant I would be relying on a BTC price rise, for it to pay.
I decided against it, as was too risky in comparison to other investments.
It's probably fair to say, that it is now well and truly worth it, but for how long?
With the price getting up, more mining will come online, and where electricity is "free", I wouldn't be surprised if some recently retried equipment is switched back on to try to capture the high price.
Something to remember.

I would think current costs to mine 1 bitcoin would be around around $20k US (where all is fair and electricity paid for at Western world rates), but that is just my guesstimation from calcs done around 3 years ago.

Would be interested to see current rates. Cheers.
 
Thanks to @ducati916 for mentioning the crypto ETFs (GBTC, ETHE). I planned to buy them as a longer term trade on Monday. The over-weekend gap up has scuttled those plans for a while. I expect these ETFs to open much higher than their last closes. I'm more convinced that the speculative gold bulls are buying BTC instead.

@frugal.rock IMO if you've got the tech knowledge to mine BTC then you should be able to setup a few solar panels in the backyard to power your BTC mining operation. You might get lucky.
 
It's easy to setup the BTC mining rig. When I looked at it over 5 years ago, even then you'd be breaking even or slightly losing based on the current BTC price. But in hindsight (I revisted it every year or 2) and it would have been profitable. It really does depend on the rising BTC price. I'm happy to just be trading it now instead of setting up a mining rig.
 
peter2 said:
IMO if you've got the tech knowledge to mine BTC then you should be able to setup a few solar panels in the backyard
Click to expand...
The whole venture is really a go big or go home kind of deal.
Solar is better in summer, but the whole heat to efficiency ratio is very variable and really needs to be managed, from a diminishing returns, point of view. Optimisation.

The mining rigs throw out a lot of heat, so much so, I have read of people designing a house central heating system around a rig setup using the usually wasted heat.
Good for winter, but summer is a real issue.
 
frugal.rock said:
The whole venture is really a go big or go home kind of deal.
Solar is better in summer, but the whole heat to efficiency ratio is very variable and really needs to be managed, from a diminishing returns, point of view. Optimisation.

The mining rigs throw out a lot of heat, so much so, I have read of people designing a house central heating system around a rig setup using the usually wasted heat.
Good for winter, but summer is a real issue.
Click to expand...
In China, they build btc mines by reservoir
Nearly free power And cooling .,
 
kenny said:
Do traditional technical analysis techniques work for cryptocurrencies like BTC and ETH?
Click to expand...
Yes, I use exactly the same technical analysis for crypto that I use for stocks etc. If you intend to trade short term then you must use technical analysis. Most people intend to buy, hold and prey. Each to their own.
 

Attachments

  • btc.png
    btc.png
    93.7 KB · Views: 6

Greenpro Announces Bitcoin Fund​


KUALA LUMPUR / ACCESSWIRE / December 28, 2020 / Greenpro Capital Corp. (NASDAQ:GRNQ) today announced that it intends to set up a Bitcoin ($BTC) Fund for investment.​
​
GRNQ announced today that it believes in the ongoing mass adoption of $BTC by banks, hedge funds, insurance companies and institutions and endorses its belief that bitcoin, as the world's most widely-adopted cryptocurrency, is a reliable future store of value. We believe the strategic management of our balance sheet, combined with the implementation of our $BTC Fund and crypto strategy will produce significant future value for the Company. GRNQ believes that $BTC and other top crypto currencies such as Ethereum "ETH" will provide the opportunity for better returns and preserve the value of our capital over time rather than holding cash. We also remain committed to our incubation business model as well as our satellite and A.I. accounting businesses."​
​
GRNQ's CEO, CK Lee recently received an Honorary PhD in Finance and Crypto currencies from Rivera University, located in France.​
​
Greenpro CEO CK Lee said, "We fully believe in $BTC as a store of value. I've instructed our investment bankers to raise debt in Q1, 2021 of up to US$100 million to invest in $BTC. The Company will also invest its own cash into $BTC."​
​
The Company will use its subsidiary, CryptoSX to acquire its $BTC stake.​


 
Regarding Mining


Marathon Patent Group Purchases 70,000 S-19 ASIC Miners From Bitmain​

Marathon Patent Group, Inc. (NASDAQ:MARA), one of the largest enterprise Bitcoin self-mining companies in North America, has entered into a contract with Bitmain to purchase 70,000 Antminer S-19 ASIC miners.​
​
Under the terms of the agreement, Marathon anticipates receiving an initial batch of 7,000 S-19 miners in July 2021 and the final shipment in December 2021. Once all miners are fully deployed, the Company’s mining fleet will consist of more than 103,000 miners capable of producing 10.36 EH/s. This landscape changing purchase of these miners more than triples the size of Marathon’s existing fleet of 33,000 miners.​
​
Marathon’s Chairman and Chief Executive Officer, Merrick Okamoto, stated, “This purchase is the largest order in dollar terms as well as the single largest order for S-19 ASIC miners that Bitmain has ever received. We appreciate the hard work their team is putting in to fulfil this order as well as the 30,000 S-19 miners we have purchased since August 2020. Our relationship with Bitmain is an important component of our potential for future success, and we look forward to continuing working with them to scale our business.”​



 

Similar threads

over9k
Basic chart analysis/chart reading 101 for beginners
Replies
10
Views
4K
Gunnerguy
G
DB008
Crypto USDT - US Tether
Replies
2
Views
4K
Dona Ferentes
Dona Ferentes
bigdog
Dump Trump
9 10 11
Replies
214
Views
19K
wayneL
wayneL
pixel
Why "Technical Analysis"? A Cat's Eye View
Replies
14
Views
7K
pixel
pixel
R
Silver price discussion and analysis
57 58 59
Replies
1K
Views
260K
greggles
greggles
Top