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| 05:36 AM | ||
| Users Online Now: 1,439 (Who's On?) | Visitors Today: 493,977 | |
| Pageviews Today: 634,531 | Threads Today: 188 | Posts Today: 2,229 |
| 05:36 AM | ||
Curious Case Of Grayscale & The Big Bitcoin Discount | |
| crediblock
Offer Upgrade  User ID: 83085121  United States02/28/2023 10:47 AM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 79336278 United States02/28/2023 11:04 AM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 80934408 United States02/28/2023 11:39 AM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 85358320 United States02/28/2023 11:45 AM Report Abusive Post Report Copyright Violation | in 12-14 months, bitcoin's halving mechanism executes, meaning that the annual 330K coins mined becomes 165K, cutting miner income in half. many are still losing money at $24K, the price will need to reach $60K by 1st quarter of 2023 to stay at breakeven. . |
| Anonymous Coward User ID: 78758556 02/28/2023 11:46 AM Report Abusive Post Report Copyright Violation | in 12-14 months, bitcoin's halving mechanism executes, Quoting: Anonymous Coward 85358320 meaning that the annual 330K coins mined becomes 165K, cutting miner income in half. many are still losing money at $24K, the price will need to reach $60K by 1st quarter of 2023 to stay at breakeven. . btc will hit 6 then 30 then 90 then 60. as it has always done. |
| Anonymous Coward User ID: 85359298 02/28/2023 11:53 AM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 85358320 United States02/28/2023 12:02 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 85358320 United States02/28/2023 12:06 PM Report Abusive Post Report Copyright Violation | Itll take a year of a nuke plant output to mine the final bit of the final bitcon Quoting: Anonymous Coward 85359298 oh, more. much, much more. it's already consuming at least 120 terawatts per year, growing at 17%. that last coin is 100 years from now. do the math. 790,255,306 terawatts by 2123.  that's the equivalent of 4,000 planet earth's.  |
| Anonymous Coward User ID: 84994759 United States02/28/2023 12:12 PM Report Abusive Post Report Copyright Violation | Anyone who watched television during 2022 saw the ubiquitous TV commercials for Grayscale, which manages the world biggest Bitcoin investment fund. Those ads touted Bitcoin as "the future" and should be part of a retiree's portfolio. Quoting: crediblock But investors in Grayscale Bitcoin Trust (GBTC) are facing both a problem and an opportunity. The problem? GBTC trades at a 46 percent discount to its underlying holdings, as of Feb. 24. This means the per-share value of the fund is 46 percent less than the Bitcoins held in the fund's portfolio. [link to globalintelhub.com (secure)] As I've been saying for years, Crypto is a big scam and headed to zero. dont believe everything your read on ZERO HEDGE.... [link to www.youtube.com (secure)] |
| Anonymous Coward User ID: 85358320 United States02/28/2023 12:15 PM Report Abusive Post Report Copyright Violation | Anyone who watched television during 2022 saw the ubiquitous TV commercials for Grayscale, which manages the world biggest Bitcoin investment fund. Those ads touted Bitcoin as "the future" and should be part of a retiree's portfolio. Quoting: crediblock But investors in Grayscale Bitcoin Trust (GBTC) are facing both a problem and an opportunity. The problem? GBTC trades at a 46 percent discount to its underlying holdings, as of Feb. 24. This means the per-share value of the fund is 46 percent less than the Bitcoins held in the fund's portfolio. [link to globalintelhub.com (secure)] As I've been saying for years, Crypto is a big scam and headed to zero. dont believe everything your read on ZERO HEDGE.... [link to www.youtube.com (secure)] ah, yes,the magical "four year cycle" that nobody can explain, but are quite confident about despite the fact that's it's only repeated twice. yes, bitcoin will rocket to $1 billion! |
| Anonymous Coward User ID: 84935544  Canada02/28/2023 12:44 PM Report Abusive Post Report Copyright Violation | Anyone who watched television during 2022 saw the ubiquitous TV commercials for Grayscale, which manages the world biggest Bitcoin investment fund. Those ads touted Bitcoin as "the future" and should be part of a retiree's portfolio. Quoting: crediblock But investors in Grayscale Bitcoin Trust (GBTC) are facing both a problem and an opportunity. The problem? GBTC trades at a 46 percent discount to its underlying holdings, as of Feb. 24. This means the per-share value of the fund is 46 percent less than the Bitcoins held in the fund's portfolio. [link to globalintelhub.com (secure)] As I've been saying for years, Crypto is a big scam and headed to zero. When Fed Coin is established all other digital currencies will be rendered illegal. Look at fiat. Wars were fought to maintain the oil backed standard. |
| Anonymous Coward User ID: 59924217 United States02/28/2023 12:53 PM Report Abusive Post Report Copyright Violation | |
| Miester
User ID: 83197688  United Kingdom02/28/2023 01:11 PM  Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 76395958  Germany02/28/2023 01:13 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 59625174  Sweden02/28/2023 01:18 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 85295820 United States02/28/2023 01:20 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 85295820 United States02/28/2023 01:23 PM Report Abusive Post Report Copyright Violation | Anyone who watched television during 2022 saw the ubiquitous TV commercials for Grayscale, which manages the world biggest Bitcoin investment fund. Those ads touted Bitcoin as "the future" and should be part of a retiree's portfolio. Quoting: crediblock But investors in Grayscale Bitcoin Trust (GBTC) are facing both a problem and an opportunity. The problem? GBTC trades at a 46 percent discount to its underlying holdings, as of Feb. 24. This means the per-share value of the fund is 46 percent less than the Bitcoins held in the fund's portfolio. [link to globalintelhub.com (secure)] As I've been saying for years, Crypto is a big scam and headed to zero. If we are basing value from previous highs, silver was over $600 back in 1981 using true inflation metrics. Now its $25 for physical |
| Anonymous Coward User ID: 76038708 Germany02/28/2023 01:26 PM Report Abusive Post Report Copyright Violation | bitcoin = minnows swimming with the whales. Eventually, you will get swallowed. Quoting: Anonymous Coward 85295820 most don't know that more than 95% of all bitcoins are owned by less than 1% of people but keep shilling for BITCOIN so these stupid MFS lose their pensions, maybe that will fasten the process of a revolution |
| Anonymous Coward User ID: 85358320 United States02/28/2023 01:28 PM Report Abusive Post Report Copyright Violation | Nice try clueless AC's. It's cute to watch you try. You should really try out for the MSM... oh. Looks like that is what you are doing. My bad...lol Quoting: Miester [link to ccaf.io (secure)] currently at 118 TWs per year, or $13 billion per year at energy cost of $0.11 per kwatt. $13 billion / 330K coins = $39K mining cost per coin. energy use flatlined in 2022 because nobody was adopting bitcoin anymore. but price can only go up if demand goes up. increased demand equals increased energy use. enjoy! |
| Anonymous Coward User ID: 76038708 Germany02/28/2023 01:30 PM Report Abusive Post Report Copyright Violation | Nice try clueless AC's. It's cute to watch you try. You should really try out for the MSM... oh. Looks like that is what you are doing. My bad...lol Quoting: Miester [link to ccaf.io (secure)] currently at 118 TWs per year, or $13 billion per year at energy cost of $0.11 per kwatt. $13 billion / 330K coins = $39K mining cost per coin. energy use flatlined in 2022 because nobody was adopting bitcoin anymore. but price can only go up if demand goes up. increased demand equals increased energy use. enjoy! but muh climate change and over usage of electricity, gotta love these Deep State fuckers, shillers so basically bitcoins price atm. doesn't even cover the basic costs of making one coin lol |
| Anonymous Coward User ID: 76038708 Germany02/28/2023 01:31 PM Report Abusive Post Report Copyright Violation | Nice try clueless AC's. It's cute to watch you try. You should really try out for the MSM... oh. Looks like that is what you are doing. My bad...lol Quoting: Miester [link to ccaf.io (secure)] currently at 118 TWs per year, or $13 billion per year at energy cost of $0.11 per kwatt. $13 billion / 330K coins = $39K mining cost per coin. energy use flatlined in 2022 because nobody was adopting bitcoin anymore. but price can only go up if demand goes up. increased demand equals increased energy use. enjoy! but muh climate change and over usage of electricity, gotta love these Deep State fuckers, shillers so basically bitcoins price atm. doesn't even cover the basic costs of making one coin lol one BTC currently at 23506.46  |
| Anonymous Coward User ID: 76038708 Germany02/28/2023 01:31 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 85358320 United States02/28/2023 01:34 PM Report Abusive Post Report Copyright Violation | Nice try clueless AC's. It's cute to watch you try. You should really try out for the MSM... oh. Looks like that is what you are doing. My bad...lol Quoting: Miester [link to ccaf.io (secure)] currently at 118 TWs per year, or $13 billion per year at energy cost of $0.11 per kwatt. $13 billion / 330K coins = $39K mining cost per coin. energy use flatlined in 2022 because nobody was adopting bitcoin anymore. but price can only go up if demand goes up. increased demand equals increased energy use. enjoy! feel free to substitute $0.08 per kwatt, although the lowest price in the US now is $0.12 and roughly 1/3rd of mining is here. $9.5 billion / 330K coins = $29K mining cost per coin. miners still losing $5K on every coin. |
| Anonymous Coward User ID: 85358320 United States02/28/2023 01:37 PM Report Abusive Post Report Copyright Violation | Nice try clueless AC's. It's cute to watch you try. You should really try out for the MSM... oh. Looks like that is what you are doing. My bad...lol Quoting: Miester [link to ccaf.io (secure)] currently at 118 TWs per year, or $13 billion per year at energy cost of $0.11 per kwatt. $13 billion / 330K coins = $39K mining cost per coin. energy use flatlined in 2022 because nobody was adopting bitcoin anymore. but price can only go up if demand goes up. increased demand equals increased energy use. enjoy! but muh climate change and over usage of electricity, gotta love these Deep State fuckers, shillers so basically bitcoins price atm. doesn't even cover the basic costs of making one coin lol miners started declaring bankruptcy en mass last winter, at least 20% of miners went bankrupt so far. [link to broward.ghost.io (secure)] even if the whales / pumpers get the price up to $30K, it's still basically breakeven and price has to hit $60K in 12 months to stay at breakeven. yeah, that's what I'm living for, mining coins for $0 return! . |
| Anonymous Coward User ID: 72032391 Canada02/28/2023 03:04 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 85360012 United States02/28/2023 03:17 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 85360070 United Kingdom02/28/2023 04:11 PM Report Abusive Post Report Copyright Violation | |
