Bitcoin Is Over $7,200!

[Joe Flacco]

Looks like Bitcoin is going to punch through the $6,000 area. I think odds are good that it trends towards $1,200.

 

[Non Sequitur]

It’s brutal right now, really no negative news or FUD. The only thing I can think of is the loony money that jumped in for quick profits last summer/fall/winter is finally getting out and moving on.

 

[Joe Flacco]

BCH looks like it is done. ETH in big trouble.

 

[Big ole Boy]

Hyper silly breaks are increasing ..... perhaps if they can make prices extremely unstable they smash it into the ground ... sort of a "financial skirmish via the TPTB.....


Ohhhhh ..... TPTB ....

 

[Big ole Boy]

I'm taking some trading lessons from a fella I have been following for several years. I hope I can make the next leap into professional trading (not your garden variety retail trade), but statistics and AI involved. I will make money regardless of direction. Thats a winning strategy.

 

[Big ole Boy]

Dead silence. This web (Our forum) site might be brigaded. Tons of screws in this veneer. Always walking on a tight wire. Always got to watch what ya say. I've enjoyed and gotten more comfortable with Ernie over time.

It feels real. It has texture in a world devoid of it on the net.

 

[miktay]

"Bitcoin Is Over $7,200!"

Again. 10 months later.

 

[Joe Flacco]

If it can get up to at least that $8500 area on this move and make a equal high or higher high, that would be constructive.

 

[DTB]

Man this puppy got no starch in its legs.

Anyone doing the TLRY thing? I did not.

 

[Elliott]

"WENATCHEE, Wash. — Squeezed by unexpected demands of bitcoin mining, city and county governments in Chelan and Douglas counties are slowing the influx of digital currency startups in order to step back, take a breath and weigh the industry’s effects.

Local leaders have put in place moratoriums or temporary zoning controls to allow city codes, zoning laws and power infrastructure to catch up with a cryptocurrency technology that’s hungry for the region’s cheap hydropower.

City councils in Leavenworth and East Wenatchee unanimously approved crypto zoning controls Tuesday night. In February, the city of Chelan approved a six-month moratorium on bitcoin mining projects and, more recently, Wenatchee OK’d a 12-month moratorium.


Concerns include:

• Safety: Fire hazards and other issues from big electric loads running through lightweight household wiring.
• Zoning: Commercial computing installations in residential neighborhoods.
• Aesthetics: Cargo containers full of crypto servers becoming weather-beaten eyesores along commercial and industrial roadways.
• Noise: Heat-dispersal fans whirring at high speeds to disrupt quiet neighborhoods.
• Power rates: If fulfilled, electric demands from bitcoin operations could affect the low cost of power in Chelan and Douglas counties.

Municipal restrictions and those being considered by Chelan and Douglas counties follow moratoriums at the two counties’ PUDs, where managers have warned that high-load power requests from dozens of bitcoin miners threaten to soak up surplus hydropower sold to help keep local rates low.

In recent weeks, Chelan PUD officials visited with city councils and county commissioners to give details of their growing concerns for safety and crypto power consumption, said Andy Wendell, the Chelan PUD’s director of customer service.

“What we learned from the PUD,” said Leavenworth Mayor Cheri Farivar, “is that these moratoriums and controls are needed to put the brakes on cryptocurrency until the PUDs, cities and counties figure out how to handle this new technology. If we’re not careful, these operations could hurt our power grid.”