coinspeak

20 years as an IT consultant. Escaped the rat race in 2015. Addicted to travel and tacos.

Crypto Is Dead, Long Live Crypto

Crypto is dead. Everything you knew, gone. The major players of yesterday, irrelevant. The rules of the game, destroyed. Up is down. Down is up. Here is a final look at the previous lords of Crypto: the Neckbeards. They were gentle guardians of the fertile Crypto plains during the Paleolithic period. They roamed the crypto exchanges as doe eyed benign …

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Are Tethers Bitcoin’s Cryptonite?

Tethers are a Cryptocurrency that are designed to be pegged to the USD. They are created out of thin air (sound familiar to USD) and mostly used on the Bitfinex exchange. Issuing a currency pegged to the USD from nothing is a very dangerous game. From the Tether website: Tether converts cash into digital currency, to anchor or tether the value to …

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Litecoin flexing, Bitcoin stalling

Litecoin is up almost 300% in four days. Why? Some say Litecoin is undervalued vs Bitcoin. Litecoin is a Bitcoin fork that will often integrate new features before Bitcoin. It is joked that Litecoin is Bitcoin’s testbed. Maybe the run is because Charlie Lee, the founder of Litecoin, was on CNBC. Or some people see Litecoin as silver to Bitcoin’s …

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Everyone is a Bitcoin Expert

Bitcoin breaks $15,000 and everyone is an expert. It’s amazing how that happens. I wonder where all these experts were when I recommended it last Summer. I look forward to you all sharing your wealth of information and insights based on the CNBC article you just read. Moments ago I received a call from a friend saying he was introduced to …

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Bitcoin is a dumpster fire

You’ve got to be fucking kidding me. I posted this yesterday. I will eat my own dick if BTC doesn't hit 20k by tomorrow midnight. — Coinspeak (@coinspeak_io) December 7, 2017 We topped at $19,700. Life is cruel. Bon Apetit I guess. We are experiencing an “accelerated buying opportunity”. Haha no, we’re not. We may be in for a $10,000 …

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Bitcoin: Party, Parabola, Paradigm shift or Ponzi?

The Bitcoin party won’t stop. Crypto traders are doing virtual keg stands on Twitter waving their dicks around showing pictures of new houses they bought with Magic Internet Money. Yes, we’re all getting rich and you’re not. Bitcoin is over $16,000 this morning. I’ll say what you’re thinking: “that’s retarded”. However, as Warren Buffett said, “the market can stay retarded …

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Bitcoin to the Moon

On the move today so I am going to share some videos. I was on the local news yesterday. Older vid I did on Bitcoin entering parabolic phase. For your entertainment:

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Bitcoin $10,000

BTC is currently trading at $9650. Up ~15% this weekend. $10k is our god given right at this point. I made a vid on what I think will happen from a TA perspective. Part two is here: I moved from BTC to BCH in August and September. BTC has been a great performer.  BCH has been better. BCH is ~$1700. …

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Bitcoin Thanksgiving is cancelled

There will be no rest this weekend for Bitcoiners. Bitcoin Core (AKA BTC) will have a scheduled “difficulty adjustment” sometime on Saturday. A “DA” occurs every 2016 blocks. During this time the algorithm for mining difficulty adjusts according to current conditions to maintain a consistent rate of new blocks/bitcoins into the system. There are rumors that the mining power for Bitcoin …

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Battle of the Bitcoins: Core vs Cash

You will see a lot of articles on Bitcoin this week. This is what you really need to know. Bitcoin Core forked from Bitcoin Cash. That’s right. You will hear that said the other way around in 99% of articles, tweets etc but Bitcoin Core altered the way digital signatures are handled to: Keep an artificial block size limit in place …

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