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All I know is I'm buying Bitcoin if it gets below $1000. I made the mistake of not hooking up my rigs because I was afraid of the cost of electricity. Yes--I
by Hellbanevil 4y ago
All I know is I'm buying Bitcoin if it gets below $1000.
I made the mistake of not hooking up my rigs because I was afraid of the cost of electricity.
Yes--I see it going below $1000.
- wruza 4y agoWhy this specific number?
- Bost 4y agoIt must be hard math, soft science and such. Definitely!
- chrischen 4y agoIt's nice and round.
- mschuster91 4y agoCryptocurrencies will IMO always have some sort of residual value simply because of their usability for illicit activities. The specific value is debatable, but I'd guess a "round" number will be where psychological effects will naturally converge towards.
- wruza 4y agoI don’t think these activities need a specific value, they can pay for a hedged position or just be fine with funding/withdrawal slippage tax (provided that exchanges are still functional). Also are you sure that psychological effects naturally converge to anything at all on the crypto market or in general? It’s usually strange attractors all the way down rather than a stable point.