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SORN
by OldSkrote - 31/07/25 02:07 PM
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Forums34
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Aug 24th, 2023
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There are no members with birthdays on this day. |
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Joined: May 2014
Posts: 5,113 Likes: 57
Black Rat Charter Member
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Black Rat Charter Member
Joined: May 2014
Posts: 5,113 Likes: 57 |
A fool and his money............................ 
Keith
2013 narrow bodied + 4 Ruby.
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Joined: Mar 2009
Posts: 11,222 Likes: 159
Smile, it confuses them Member of the Inner Circle
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Smile, it confuses them Member of the Inner Circle
Joined: Mar 2009
Posts: 11,222 Likes: 159 |
My guess.
It will stabilise just below 10K for a bit then take another big hit.
Everyone loves a Morgan. Even me, unless it's broken again.
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Joined: Jan 2012
Posts: 4,328
Gone to Porsche Part of the Furniture
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Gone to Porsche Part of the Furniture
Joined: Jan 2012
Posts: 4,328 |
My guess.
It will stabilise just below 10K for a bit then take another big hit. My thoughts exactly.....my prediction this time next year $2k
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Joined: Sep 2011
Posts: 14,723 Likes: 151
Member of the Inner Circle
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Member of the Inner Circle
Joined: Sep 2011
Posts: 14,723 Likes: 151 |
Short sell  The chart tells the story. 
Peter ![[Linked Image]](http://bradley.it/public_images/drive.jpg)
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Joined: Aug 2013
Posts: 15,794 Likes: 14
Formerly known as Aldermog Member of the Inner Circle
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Formerly known as Aldermog Member of the Inner Circle
Joined: Aug 2013
Posts: 15,794 Likes: 14 |
Base line is between $4k and $5k.
This will hurt.
But not me....directly.
Peter,
66, 2016 Porsche Boxster S
No longer driving Tarka, the 2014 Plus 8...
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Joined: Mar 2009
Posts: 11,222 Likes: 159
Smile, it confuses them Member of the Inner Circle
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Smile, it confuses them Member of the Inner Circle
Joined: Mar 2009
Posts: 11,222 Likes: 159 |
Those are good pointers Peter.
The technical scaling of Bitcoin and distributed services like this will remain a problem. I know my GPU cards which I used for mining in the early days were the highest power consumers and heat generators in my systems.
Everyone loves a Morgan. Even me, unless it's broken again.
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Joined: Sep 2011
Posts: 14,723 Likes: 151
Member of the Inner Circle
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Member of the Inner Circle
Joined: Sep 2011
Posts: 14,723 Likes: 151 |
Peter
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Joined: Mar 2009
Posts: 11,222 Likes: 159
Smile, it confuses them Member of the Inner Circle
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Smile, it confuses them Member of the Inner Circle
Joined: Mar 2009
Posts: 11,222 Likes: 159 |
There is another instability worry on the new cryptobubbles that is overlooked. Experience driving market risk. The founders are often young highly intelligent people with great ideas however there ability to scale a market and business can produce some wrinkles. I am generalising which is rude but many of them don't think of it as a long term program as they think like repeat entrepreneurs. https://btcmanager.com/ethereum-co-founder-withdraws-30000-eth-bitstamp/http://nordic.businessinsider.com/the-sw...d-as-useless--/Can you imagine anyone (outside of Mr Ratner) doing or saying something like this around his own business. This is where the maturity of an established profession supports the business far better.
Everyone loves a Morgan. Even me, unless it's broken again.
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Joined: Apr 2012
Posts: 350
Learner Plates Off!
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Learner Plates Off!
Joined: Apr 2012
Posts: 350 |
Yesterday I watched an interview of some crytocurrency guru, and he had a novel warning for people before they 'invest' in Bitcoins. Although the guru was wildly bullish on crytocurrencies, he thought that Bitcoin was old-fashioned compared to next generation cryptocoins, like Ripple and tenX. In his words, "Bitcoin is the AOL of cryptocurrencies".
Nobody cool wants to use AOL anymore, and similarly cool people will be switching from Bitcoin to Ripple, etc.
Last edited by MacMog; 07/01/18 08:38 AM.
1961 +4 Four seater
"Crude, but effective."
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