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Showing 20 of 163 results by hyet24
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Board Bitcoin Discussion
Re: Do you still bother to engage non Bitcoiners?
by
hyet24
on 05/05/2019, 03:53:48 UTC
No don't force them.  I try to offer it as an option.   If someone wants to buy my stuff I ask for bitcoin.   Eventually you get people to use it.   Worse case is just not selling at all but again your going to keep trying until you get one person curious about bitocin.   I let bitcoin be an alternative option when it comes to money transfer.

If you force them it will lead into heated arguments and would never use it at all.
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Board Altcoin Discussion
Re: Facebook to enter crypto market with WhatsApp stablecoin
by
hyet24
on 21/12/2018, 14:42:34 UTC
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Topic
Board Bitcoin Discussion
Re: Describe what is bitcoin for a 7 year old kid in few words
by
hyet24
on 30/11/2018, 03:55:43 UTC
Usually kids would learn fast unless they have almost no curiosity and this very important of learning.   I know one of my cousin who knows how to play Go and Chess at the age of 9.  
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Board Bitcoin Discussion
Re: Why people are still buying Bitcoin?
by
hyet24
on 30/05/2018, 00:58:00 UTC
It keeps the economy healthy.   If people just buy for profit it wouldn't work out.    There are things bought with bitcoin other than black market stuff.   Like buying and selling products if they accept them or trading.
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Board Mining (Altcoins)
Re: Do you think miners will ever see 15$+ a day again
by
hyet24
on 09/05/2018, 04:26:24 UTC
You dont realize we need more people using the coins your mining.   It doesnt increase value like magic.   Demand has to be there. 
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Board Mining (Altcoins)
Re: Best electricity plan for mining
by
hyet24
on 09/05/2018, 03:27:26 UTC
damn those numbers are really bad.

Here in NJ

13.5  for 8 months
16.7  for 4 months

and free heat helps  lower the winter rate of 13.5 to more like 10

That's a trade off to get an easy life.  lol  California doesn't produce their own power like other states.    Someone explain it here.   That's why it's expensive.


As for PGE California.  Avoid Tied Rate E-1.   For me it would Calculate for $13k per year for my setup.   If you go with ETOU-B it cost $9.1k a year.

Reason for that it's fixed to .22 cents for Winter.  I think it's .27 cents 4-9pm.    

Tiered rate it's worse because you eventually go over 400 kwh in first few days and especially your the only miner.  They would on only charge .14 cents.  Once you get pass that it would increase to .22 cents until you hit 400% over baseline (overall area).   So it depends on your area.    If all your neighbors are miners it would be cheap.  lol  

Go with solar because it would put you in a yearly plan.   Before October and Nov.   Bitcoin wasn't profitable enough to pay  for the electricity.   I was able to cover most of the cost when  I was able to sell it $17k.   Timing is really important.
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Board Trading Discussion
Re: What is your single biggest challenge or frustration when trading crypto?
by
hyet24
on 01/04/2018, 05:28:14 UTC
Letting go of a trade that is dropping huge.  I always think it would increase after I start selling but now I take a lost and move on to another even if it starts increasing.   Maintaining discipline and patience was a challenge when I first started.


Most of privacy stuff between government and me I don't really care.   It's not fair when 9 to 5 workers pay taxes while I don't.  By the end of 2018.  I would set aside 22% of my profits to pay my taxes.
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Board Speculation
Re: panic or to be calm
by
hyet24
on 15/03/2018, 04:14:55 UTC
It shouldn't drop too fast because shorters will benefit from the 40% drop.   Especially people who had their short position at $9800.

Lets say you borrow 250 BTC and sold it at $9800.   You would profit $1.086m if focus rebuying at $6800

At the current price you would profit $589k @ $7906
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Board Bitcoin Discussion
Re: Beware my Filipino friends of Facebook bitcoin groups
by
hyet24
on 23/02/2018, 20:54:01 UTC
Im going to say good luck to scammers.  It will get trace.  Keep the BTC address and give it to the exchanges.  It can slow them down.  Its not perfect but this would catch the stupid scammers.

What would help greatly if they give a fake name.

Always pressure them to ID themselves with selfie picture,  written date and QR code (BTC address your sending btc to) next to them.   When join the groups.   It will always stick to them forever.

Dont join if they cant do this.  
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Topic
Board Speculation
Re: Can Bitcoin Will be Zero
by
hyet24
on 15/02/2018, 09:01:05 UTC
In the morning I read the news where one of the leading multinational finance company stats that the “Bitcoin & Other Cryptocurrency will be zero”. So is it possible? If possible then which instructions should be followed getting out of debt?

If you can get people to sell $167,039,048,649 worth of bitcoins then it can be zero.
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Board Bitcoin Discussion
Re: Any chance for USA to ban bitcoin?
by
hyet24
on 10/02/2018, 12:10:51 UTC
It feels like this forum and reddit don't even see each other.   You probably didn't hear the major hearing on Capitol Hill.  lol   I was wonder if this post was old or not then I saw it's after a Monday.   Hey OP go to reddit instead of tunnel vision into one website.


https://youtu.be/CcM7FkgLQe8?t=78
https://www.youtube.com/watch?v=8eb93oVF50g

Very good video.
https://www.youtube.com/watch?v=G16g9neqUFQ
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Board Announcements (Altcoins)
Re: [ANN][MONA] Monacoin LAUNCHING 2014/01/01 0:00 GMT
by
hyet24
on 31/01/2018, 11:51:37 UTC
I notice the 100 btc buy wall two days ago.   They kept Mona from crashing.   Reason why you see only a 2% drop.
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Topic
Board Bitcoin Discussion
Re: They are Banning crypto every where - now facebook
by
hyet24
on 30/01/2018, 22:54:53 UTC
This is bad news for us. If Facebook forbids anything, it means they have to offer something like banning cryptographic ads, it means they are creating something like cryptocurrency as well. Some rumors say about blockchain technology, maybe he will propose blockchain for facebook.

You rather have people get scam and not come back.   Good thinking.
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Board Bitcoin Discussion
Re: They are Banning crypto every where - now facebook
by
hyet24
on 30/01/2018, 21:59:41 UTC
I mean they have the right because those ads is misleading and leading to scam.   I rather have people learn crypto from other real people not just some ad spam on facebook.
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Board Bitcoin Discussion
Re: Face up to reality: The game is over
by
hyet24
on 22/01/2018, 16:02:34 UTC
Whales is just going after the people who sell not the people who hold.   That's why the price is very hard to go back to $4000 because hodlers.   You have to convince the hodlers to sell.  That's like convincing the mountain to move.

I am sure mobby dick was around during Tulip Mania and like the OP says the wheels are starting
to fall of this one and do remember we are talking virtual "mountain" here that are easy to move.



Im talking about people who wouldnt let go at all.   Your just rewording what im saying.

Can you convice a person who has nothing to lose?  lol  Thats the mountain Im talking about.
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Board Bitcoin Discussion
Re: Face up to reality: The game is over
by
hyet24
on 22/01/2018, 14:45:32 UTC
Why would the whales slowly ruin their cash cow?

Whales is just going after the people who sell not the people who hold.   That's why the price is very hard to go back to $4000 because hodlers.   You have to convince the hodlers to sell.  That's like convincing the mountain to move.
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Board Bitcoin Discussion
Re: Face up to reality: The game is over
by
hyet24
on 22/01/2018, 14:08:23 UTC
It's all about numbers.   You can't think it's easier for whale.    Whales' strategy only works short term.
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Board Bitcoin Discussion
Re: Face up to reality: The game is over
by
hyet24
on 22/01/2018, 14:05:54 UTC
Your missing the point.  lol  Even reply above me notice.   They will lose the control when more people buy into the dip.   Less bitcoins for them.
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Topic
Board Bitcoin Discussion
Re: Face up to reality: The game is over
by
hyet24
on 22/01/2018, 14:02:47 UTC
The development since late December shows very clearly what is happening.

The whales - and anyone else with half a financial brain - are slowly selling all their bitcoin. As they sell, prices begin to drop sharply. They then hold back on the selling and newbies and "HODL'ers" are foolish enough to "buy the dip". This sends the price back up.

It then repeats with rates dropping again, until the newbies and "HODL'ers" buy the dip once more.

Except on every round the dip gets deeper and deeper.

The game is over, and anyone so stupendously stupid to keep buying from the whales who are unloading are basically just throwing their money away.

Face up to reality, the party is over.

You realize only time whales win is people selling to them.  If Hodlers start to outnumber the whales its going to hurt the whales.

Everytime the dip happens the hodlers control increase.
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Topic
Board Bitcoin Discussion
Re: I'm gonna sell my house
by
hyet24
on 21/01/2018, 05:02:07 UTC
I am sure we touched the bottom today. so i am going to real Estate Dealer for selling my house and buy bitcoin. I suggest you all do that

Make it short term  chances going $9k is slightly big.   The timing is good when its 9k to 13k.  I wish I could short sell.  Borrow 100btc to sell it at 12.7k.