Bitcoin Is Falling Like Dead Rock - Time To Buy?

in bitcoin •  6 years ago  (edited)

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Or should we wait some more?

At this moment it is worth meager 5.566 €.

What do you think? Will it drop some more?

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Told you it wouldn't stop at $7800. $4000 is now in play.

Side note, have you received any ETH payments from after the fork?
My mobile miner is at 37 ETN, it's mining but not paying.

:)

You mean Electroneum? I didn't check it in a while... Will look it up and come back to you.

Yes. They forked on the 30th of May, switched algo like Monero. 90% of the miners were ASICS, so total hashing went down 90% but the difficulty remained high so blocks were processed slowly. The blockchain and mining is really fuck up, it'll take some time to get back to normal.

Two payments came through in a single transaction, May 30 and June 12:

Mine are still being processed. But my brother-in-law received his payment today.

I checked the miner now and it says that payment is being processed - June 12th. Let's see what happens...

I bet it will stop falling at 6100 USD (your chart is in €) 😜

True :) Correcting ...

unpredictable...but I think/hope :) it will rise soon

Me too. This crypto business is all about hopes and beliefs. Pure religion :)

Exactly. This decentralized world looks like mana...

I am going to wait some more. The market is just too nervous at the moment. Buying it at this price could be great expext when it is could be even cheaper tomorrow. If I could buy it on the way up just below 6K is would still be cheap!