Monero Miners In Uproar After Panic Algorithm Change Due to ASICs Coming Online (news.bitcoin.com)

Bitmain has found itself in a war with words with the monero community over the release of its latest cryptocurrency miner, the Cryptonight-capable X3. The unit is being offered at a discounted rate to existing customers, but critics claim this is because the miners will soon be ineffective at mining monero, the main coin to use the X3’s Cryptonight technology. Monero lead developer Riccardo Spagni has emphasized that the units will not work on monero due to a scheduled hard fork

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Trade, but don’t panic, and don’t panic trade.

It is not undeniable, but it is true nonetheless: The Tokyo whale changed market sentiment as even bad news from china in September couldn’t. Market sentiment and price were massively, if not madly, inflated anyway, and when they took the hit from his sales, it broke major trendlines. Now, the argument that those lines shouldn’t have broken is moot. The price will not magically recover, as none of its previous recoveries have been magic. The price move up last year was based on sentiment regarding an unbroken upsloping double-exponential trendline feeding itself, and now it is broken and so the market can no longer inflate based on it. For crypto, speculation has been a bigger driver than actual tech, and the now-negative sentiment from now-negative speculation has to play out. One the greatest trends in history has just been broken, and such a rise dictates a reasonable response, if only out of respect. But don't fear for the market long term! Unlike every other bubble in history, crypto has proven antifragile time and again over its short life, able to bounce back as only a true Saiyan can. It is only the bubble of sentiment that has popped, and were the worst to play out and BTC bears down to the high from its previous bull run, it would still be up more than 400% from the low of its most recent bear run, and still up some million % over the last decade. At the bottom of any bear run is still blockchain fundamentals, the technology, that is the greatest innovation since the computer and electricity before that.

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Bitcoin – The Currency of the Internet

What’s all the panic about?

Bitcoin dropped to 16.5k today. 16.5k guys… everyone is running around like their hair is on fire. I’ve only been on the HODL train for a little over a month and this sub has convinced me to expect and not worry about dips like this. It’s only been a month for me and I’m not panicked, why is everyone else?

I was bracing for dips down to 11 or 12k. We’re up here hovering around 17k and acting like the world is going to end.

Coinbase isn’t a big deal, BCH isn’t a big deal. Bitcoin has seen worse and continues to grow, I for one will be buying this dip, because BCH isn’t the gold standard for Crypto Currency. Bitcoin is.

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Bitcoin – The Currency of the Internet

What’s all the panic about? (reddit.com)

Bitcoin dropped to 16.5k today. 16.5k guys… everyone is running around like their hair is on fire. I’ve only been on the HODL train for a little over a month and this sub has convinced me to expect and not worry about dips like this. It’s only been a month for me and I’m not panicked, why is everyone else? I was bracing for dips down to 11 or 12k. We’re up here hovering around 17k and acting like the world is going to end. Coinbase isn’t a big deal, BCH isn’t a big deal. Bitcoin has seen…

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