purchased a little btc today not much
Yes it's a great price to buy some BTC, even if it turns out not to be the bottom. It has reached the point where I've shut down most of my rigs and will just buy certain coins with fiat because the prices right now are at a bargain compared to beginning of 2017.
I know some prefer mining because they got low electricity rates and it seems like a safer alternative than buying the coins outright but you need to understand that what-if next month the coins all start to rally. Then the difficulty will go back up again because everybody will turn on their rigs and you will miss out on acquiring a fair amount of coins.
I've actually never thought we would see the day of ETH at pretty much $100 a coin again. Took me basically forever to mine an ETH with my current rigs, rather just sell 1 GPU and buy 1 ETH.
I grabbed .15 btc and have more cash set aside if we go under 4000
Looks like we both bought in a little too early. Really surprised at the speed of this decline without a decent bounce even. I assumed we would at least test $5000 or the old yearly low at $5800 but it goes down, trades sideways for a bit and continues going lower.
ETH might break $100 in the next few hours even.
Is the drop due to the saying by Calvin Ayre that they will give up on the Bitcoin Cash, and concentrate on the Bitcoin version of the Satoshi Vision? So he will wage a war against Bitcoin instead of Bitcoin Cash? That could damage more to the bitcoin itself.
I honestly don't think its due to Calvin Ayre or Craig Wright. Its just a coincidence that it happened at the same time.
So far with the evidence presented, I don't think he is really Satoshi. If he was Satoshi, he wouldn't waste his time and would just retire on an island somewhere. I know that money can make certain individuals act like they are high and mighty but I doubt that his personality completely changed by reading Satoshi's old bitcointalk forum posts and what Craig Wright posts on twitter.
I just think its because $6K broke and panic just set in. Many assumed it was the bottom and over-leveraged themselves and got liquidated on Mex. Even with a small leveraged long, most got rekt when it almost lost half its value in such a fast paced move.