Bitcoin / Bitcoins / Crypto Currency

Interesting pump...

So close to breaking $100k

Will it blast through, or will it crash?

That pizza soon to be worth $100m.

[EDIT] 2 pizzas

I'm personally waiting for the retrace before deploying my bag of usdt. I learned in the previous bull run that unrealized profit is exactly that. The only time you make money is when you sell. I see people get high off their stats only to see their gains diminished in the bear market. There are ways to earn in defi while you wait for the retrace. Play safe every one

So what you're saying is buy low, sell high?

It'll never catch on.

I'm saying risk what you can afford to lose... There will always be new blood entering the space so allow them to learn the lesson of buying the top. All markets move in waves

Is it time to deploy yet?

$100k is going to be a a psychological barrier, so I'd expect a touch and then a retraction. Then a slight pass and another retraction, then through and UP. If Corporates and Nations are seeing it as being the new "Gold Standard", and get FOMO, then we are going to see volumes like never before, and the supply/demand dynamic will power the next price run up. Until BRICS or USA define the replacement for the FIAT $ and Gold, it's got to be a good place for - well timed - investment. The most recent Doubling was in April, so that is yet to mature, and it's generally the start of an upward trend; although the Trump election may have banked much of that gain already, so once he is sworn in, and the reality of Governmental inertia and International problems strike, a pull-back is not out of the question IMHO.

As a Consultant once said "Advice is worth what you pay for it, free advice doubly so" ;-)

There it is

So that guy who’s continuing to look for his hard drive in the landfill - what is his play exactly? Surely there is 0% chance that if it is ever found, it would be in any way recoverable.

How long until someone makes the movie of this tragedy?

Physically, it's not a 0% chance I guess - if he's certain that's where its ended up.

It'd definitely claw at you though

He's got a whole host of experts working for free in exchange for a chunk of BTC if he ever recovers it. Lawyers, data recovery experts, he even hired the ex Head of Waste Management at the council, to pinpoint the location in the tip it was most likely to be.

I think he mentioned that he thinks about that drive every single day of his life, so he may as well spend that time trying to get it back.

data recovery experts

I guess these are the key folks to have on board. I'd have thought that over ten years of moisture and temperature extremes would make it completely inoperable, but they must have faith that there is a chance, and with what's at stake, it's worth it.

I wonder why the council are sticking so firmly to their guns. I suppose one aspect is that it opens the doors to people making similar requests to explore the dump for treasure.

What's it worth now?

Over £600mm

https://www.bbc.com/news/articles/c77jx4d5748o

I'd have thought that over ten years of moisture and temperature extremes would make it completely inoperable

The actual drive platters are remarkably resilient, and they are in a very well sealed box.

If you did find the drive and plugged it in to a computer there would be almost a 0% chance that it would work.

But you wouldn't be doing that, as you say it'd go straight to a hard drive recovery company that has the ability (and a clean room) to transfer the platters to a housing that hasn't been in a dump for 10+ years and there's a >99.99% chance that the data would be recoverable.

That's assuming it wasn't mechanically mangled by one of the claws of the bin lorry when it was compacting things as it rumbled down the road.

I'm still pulling data off drives that have been stuck in a damp dusty loft for years along with being bounced around in various house moves. Many are completely hosed but I'm getting data off drives that are coming up 30 years old.

That makes sense. Apparently it was hand delivered to the dump in a rucksack, as opposed to being put in the bin and then collected, which makes sense that they know which dump it is at. Would depend on how manhandled it was once it arrived, but presumably not too much, unless it's been directly driven over by a bulldozer.

Howells, 39, says that in the summer of 2013 he accidentally put the hard drive containing his bitcoin wallet in a black bag during an office sort-out and left it in the hall of his house. His then partner is said to have mistaken the bag for rubbish and took it with her on a trip to the dump, where it has been lost ever since.

I read an article on it a couple of days ago and it reckoned the council were saying that it would cause significant environmental damage to dig up the tip.

Also anything that goes into the tip belongs to them so he doesn't own it any more. I expect that might be one of the key issues that the court hearing is expected to rule on.

Also anything that goes into the tip belongs to them so he doesn't own it any more. I expect that might be one of the key issues that the court hearing is expected to rule on.

IANAL but that seemed like a hard point for the council to win. Unless it has more nuance.

anything that goes into the tip belongs to them

That's about as legal as "you touched it last!"

So when $hort?

Now!

I'm not that brave to short the Bull run... I will stick to the plan of buying on the way down and selling all time highs. Working out for me so far... Just waiting on the wife to get her dual citizenship for Portugal and that is how I plan to avoid the ridiculous capital gains tax in my country.. Fuck Trudeau