They’re back ordered because there is a huge demand and a massive chip shortage globally. Companies like bitmain make a ton of money. But it’s not exactly easy for a Chinese company to stand up mining operations in Texas, Canada, or anywhere else.
I'm pretty sure Antminers have been backordered for years, aside from the oldest models. I've tried to get one for a long time on and off.
You have some miners I thought. I forget what you were mining, but I hope they're doing good and on their way to the moon.
Are we really thinking a BTC futures ETF goes through this month? If so, wonder how much impact it would make compared to an actual BTC ETF
I thought they pushed them back a couple months so they could review. I saw the Coinbase guy put them (SEC I think) on blast in the last few weeks.
Yeah physically backed ETFs got pushed to late November- early December Futures backed (apparently something Gensler likes better) is still set for a Oct.18 decision date and has yet to be pushed (still a good chance it does though)
Futures shouldn’t have much impact I don’t think. Also fucks customers more. They should just approve the spot etf.
It’ll get approved….one day. Maybe an early Christmas present for us? When that finally happens it’s freaking blastoff time
Should I convert some of ETH and or ADA/SOL into BTC? I went lowest on BTC because from a lay perspective, I just don’t understand the long term feasibility of BTC. For perspective, I'm currently like 60% ETH.
I would say it really depends on your desired risk. However, unless you are 100% sold onto something (doesn’t sound like you are), I would probably never have more than half my portfolio into a single project/token
Why the comment on feasibility? I think if you asked some of the main people in the space to pick something that exists in 10+ years (even someone like Raoul Pal who is all in on eth) the consensus answer would be btc. They own other stuff because they want to go farther out on the risk curve. And owning ada while questioning the feasibility of btc is pretty incongruent.
An entire country is onboarded onto the lightning network, so transaction speeds aren’t a problem imo. The energy stuff has been written about and discussed ad nauseum. This is probably the best place to start: https://www.lynalden.com/bitcoin-energy/
Honestly didn’t even notice that he had mentioned ADA If we held a poll on any top 10 coin being worth nothing in five years, I think cardano would be pretty close to unanimous winner
Btc drops 10% in a day and the usuals show up acting like it’s the worst thing on earth. Btc rips back to $55k and this thread is awfully quiet. Dow futures down, btc up 9%. The next few months could be quite nice.
Bears getting destroyed the past two days All the bear patterns completely invalidated in the past hour
Will be interesting to see what level we start consolidating at….because all the major resistance is pretty much gone until ATH
Hoping you made some moves Looking more and more like we’re in BTC season and alts will wait their turn
I bought the maximum amount of btc with every spare dollar I’ve had since like mid-2017. And I’ll keep doing so every 2 weeks when I get paid.
I don’t disagree. Timing is obviously harder to predict. I’ll be surprised if it isn’t over $100k in the next 3-6 months.
lol come on you posted this within 5 minutes of a big spike. Just checked my account for today and happy to see it.
I see one more big run for this bull market over the next 1-3 months. Who knows what happens in 2022, but it could be more bearish than bullish. It could be a good time to grab some more positions at a discounted rate. I had ADA by the end of 2021 at 6-7 dollars, a lot movement needs to happen in the next 2 and half months for that to happen.
Hearing more and more that Q4 might be BTC season and Q1 2022 might be altcoin season. ETH is going to get some serious buzz later this month as the 2.0 upgrades start taking place, and I assume the 2.0 price will start getting baked in by early 22 After that we might be in for some boring times unless we get huge institutional adoption news
TBH nothing could make me happier than BTC mooning, means ETH & alts have more room to run.....brings in retail mania and I put my parents in GBTC & ETHE so "go orange coin" as far as I'm concerned. Rooting very hard for BTC
If it’s weird to care about a decentralized asset class that’s gone from nothing to where it’s at today, then consider me weird as fuck. I think everyone ignoring or dismissing btc is weird.
TBH Bitcoiners aren't the most welcoming for new adopters and higher beta plays (albeit riskier) outside the corn exist. Think it's that simple. Also unit bias. Did you listen to the McCormack podcast with Udi, Cobie, Gladstein, and the other bitcoin guy? Have never listened to McCormack but the subject matter interested me. Curious for your take
Yes I listened and listen to most everything McCormack puts out. It was a good discussion. Farrington wrote that article we went back and forth on recently. I definitely don’t think everything is a scam or that screaming “scam” is productive. But I do tend to align with McCormack, Gladstein, and Farrington. I think that there’s basically btc as this global savings/monetary asset (that I don’t view as risky), and everything else that I view as highly risky and like investing in early stage tech companies. And I think the vast vast majority of the latter will trend to zero in btc terms. But if people want to dabble in that (for unit bias or other reasons), far be it from me to stop them. I just don’t think it’s particularly smart. I also recognize that btc maxis on Twitter aren’t exactly the sole way this is spreading. 90+% of my close friends and family have bought btc after me basically sending a few articles/podcasts/videos. The recent McCormack pod with the guy who worked for and left the ETH foundation recently might be something you’d find interesting. Whatd you think?
Haven't listened to it yet but will commit to doing so re: ETH foundation guy, have a long drive ahead of me this weekend.