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It seems pretty likely that 5000 is coming, if not this week, then soon.
I'm not in the camp that thinks BTC is worthless; it has value. However, I am far from convinced the value is 5000, let alone 6700. 20,000? I just don't see it happening. But what do I know? Nothing.
Yep. BTC at $6775 now. Breakdown. I was afraid that was gonna happen. Good thing I haven't pumped much money into it.
It's possible if all you do is collect PLUS1 from faucets.
BTC is fading fast...
I don't like the looks of it. $7700 resistance failed to break, and now we are testing the low end of support at $7100-$7200. If support does not hold, it is back to $6000's, which will have ramifications for PLUS1's dollar value as well.
One way of looking at it I suppose is that cheapies may be on the way. But you know how that usually turns out on the OTC
I still can't decide if we are going back to $20K or back to $0...
I am going to hazard a prediction that this thing is going to keep moving up, maybe in fits and starts, from here. All it needs is a few dedicated buyers, and I think there will soon be enough of them.
This might be the only forum on iHub where everybody actually turns a profit...
Well, mine is free... I dunno. This might be one of those mysteries that is never solved for sure, like where do socks go when you put them in the drier?
Heheh, thanks. You talked me down from the ledge there. I guess in the immortal words of our President, "we'll see what happens..."
I was cranking up the hyperbole in my post a bit; things don't have to turn dystopian. But things happen so fast these days, it is hard to absorb it all sometimes.
Fascinating clip, but it also sounds like it could lead to a dystopian nightmare where you are nothing without your docs all in a ledger somewhere. If one thinks companies buying or selling one's personal information is disturbing, wait until all our vital records, health records, credit information, licenses, receipts, and books from the library are all out there on the blockchain, subject to revocation at the touch of a button...
It will be a brave new world, where the savages resist giving up their info and become outlaws from society, escaping the cities and living in caves in the Mojave Desert or in encampments in the tundra of Alaska...
Everyone else will have their entire essence stored, used, and traded; the information traders and owners will be our overlords. The implications for society are bonechilling, unless you are a techno-nerd who wants a society in which we are simply bytes of information in a global computer.
I used to take it on faith that I'd be long dead before such a dystopian future arrived, and took great comfort from that. However, at the speed at which we are hurtling, we're gonna get there soon...
All that said, I imagine it will be very valuable, so count me in; gimme my coins. If I am going to become the sum of my information in the blockchain, at the mercy of our infotech overlords, I at least would like a bigger self-driving car than my neighbor's...
Or if I choose to run with the savages, at least we will have crypto to trade among ourselves with...
Let's go crypto! May God have mercy on our souls.
iHub is knee-deep in pot these days, or at least seeds and stems. I get a contact high just logging in; there is hardly a page without a pot leaf on it...
A lot has changed since the Just Say No days...
If the advertiser pays for a service which includes maintaining a faucet, it isn't necessarily manipulation. However, these coins are also fraught with manipulation, so who knows? If advfn were the creators of the coin, and were buying them up themselves, I would call it manipulation. But if they say "buy ad space and fill our fountains", it is less cut and dried. The advertiser is not forced to buy the ad.
Plus1 vortex?
So, when the faucets returned, I had a thought that I kept to myself, but since I have found someone else who had the same thought yesterday on a different forum (pretty much the only substantive discussion of Plus1 on the web, a lot more substantive than ours), I figured I'd spit it out:
Where do you suppose the coins came from to fill the new faucets? Remember that huge spike in PLUS1's price 2 days ago? I noted at the time that it was a single buyer. It would be quite a coincidence if those weren't the faucet coins that appeared the following day.
This raises an interesting possible scenario where refilling the faucets in the future will result in similar large buys on the open market, thus pushing up the price.
Needless to say advfn would have a vested interest in that happening, as they get 1/3 of the coins spent here, plus coins as withdrawal fees.
I am assuming the buyer is an advertiser and not advfn itself (which would defeat its own purpose), so advfn actually has a good motivation to sell that ad space and keep the faucets filled.
In order for PLUS1 to attract more buyers, it needs to circulate. This little faucet vortex could provide all the circulation it needs...
As for my strategy, I had been converting about 80% of my PLUS1 into BTC all along. However now I think I will hodl future claims from the PLUS1 faucets. One or two more faucet cycles and things ought to get interesting around here...
Here is a link to the discussion where the same speculation occurred. The whole thread is worth a read for PLUS1 fans:
https://bitcointalk.org/index.php?topic=2684998.80
One final encouraging thought: PLUS1 has already maintained its viability, such as it is, longer than literally hundreds of other coins did. They dropped to no bid, or close to it, because they had no utility. If the faucets are part of an ad package, the coins have utility.
Maybe I am nuts (the jury has been out on that for decades), but this seems like what could happen...
I didn't click the links either. :-b
Does anybody know why I have received PM's from janice, Porgie, Paulie, and roger that all essentially say "click on this link and don't ask any questions"?
Oh, like you have never rained on anyone's parade on an iHub forum before, lol
That is true. It also means one needs to have quick reflexes to take advantage of the fluctuations.
Not to rain on anybody's parade, but that PLUS1 spike was a single buyer slapping the ask. The bid for PLUS1 has actually fallen almost 10 percent since last Friday, down to .00000282 from .00000309 BTC.
The overall trend is still bullish, but all it takes is one sale at the bid to drop the price 67%...
Well, those can occur to anyone at any time, including while solving captchas. You don't know for sure that I'm not simply a senile old philosophy major. But I concede your point, that has tripped me up before...
Egads, I didn't realize it was so obvious... Bloodshot eyes gave me away?
The irony of captchas...
To a human, a flag, sticker on a dumpster, flyer stapled to a lamppost, election lawn sign, or a pawn shop marquee are clearly not "street signs", but in the world of captcha, they (usually, but not always) are...
Similarly, a plastic figurine is not a "statue", a Winnebago is not a "bus", and a car with a Domino's Pizza sign on the roof is not a "taxi", but to captcha they are.
Captcha will also frequently reject the input of a human who clicks on street signs in the distant background, or other objects that are not close to the camera, but this is not uniform.
In other words, captcha seems pretty dumb at knowing what a human can plainly see.
Once I realized this it dawned on me: a human doesn't design a captcha mosaic, computers do.
In other words, a computer is designing puzzles for humans that computers shouldn't be able to solve, yet the designing computers are too dumb to recognize what humans recognize. It's like a dull child designing formulas for mathematicians to solve, but who gets the basic arithmetic wrong much of the time.
How's that for a deep existential insight?
Suddenly it feels like the night before Christmas...
We agree on Trade Satoshi. It was down most of the day. This was irritating, because I finally bit the bullet and actually bought some BTC today, instead of just mooching it.
I was waiting for it to transfer to TS because I wanted to trade some of it for DASH and ZEC. I was all excited because I finally had a respectable quantity of BTC to work with, and wanted to feel that trader's glow. TS ruined it for me today.
I am gonna leave those bozos, but I need to decide if it is worth the hassle of moving my coins (and taking some losses with fees and exchange) or if I should just leave them there and have two exchanges (really four, if I count Coinbase and faucethub). It is getting kind of ridiculous how many different accounts I have opened for the sake of crypto in the last couple of months. Generally, I hate opening accounts; too much PII spread too wide...
Okay, I chipped in for Harvey's sake.
One of these days, you will hear me when I keep telling you to ignore the iHub chart. Stock charts are useless for coins.
PLUS1 actually is at the highest price (in BTC) that it has been in months. Bid = .00000309 BTC Ask = .00000315 BTC at Trade Satoshi. I can't remember the last time I saw the bid over .00000300 BTC...it was way back in early March or so.
What is especially interesting is that BTC has barely budged all week, but PLUS1 has been gaining ground on it...
Plus 1 Me is buying lots of coins, and he may not be alone...
@Ichauway (sorry guys, but I have a free subscription. I can't reply to PM's; it's not that I am being rude)
To answer your question of how long it takes for PLUS1 to go from your iHub wallet to Trade Satoshi, the longest it has taken me is 3 days, over the Memorial Day holiday. From what I can tell, a living human at iHub has to hit a button to release the coins, and if nobody is in the office, they will sit there until somebody does.
Normally, they get to it within a couple of hours, but sometimes it takes a whole day.
You can see if your transaction has entered the blockchain by clicking the wallet address of your withdrawal on the iHub wallet page. If the transaction does not appear in the blockchain, iHub hasn't processed it yet.
Heheheh, honestly, janice, I feel your pain. I was counting on a steady $27 a month or so from advfn for the next couple of decades. It would help make up for that pennystock debacle of a few years back that I got mixed up in...
Is interest paid on paper cash in your physical wallet?
Unfortunately since no legit bank deals in crypto (yet), there is nobody to pay interest.
You can receive what amounts to a kind of "interest" directly into your wallet with a proof-of-stake coin, but you usually need a lot of coins. Plus1 is not one of them, however.
The only thing to do is hope for a price appreciation. As long as you stick to free coins, it doesn't really matter what price you get in at.
This is why the professional mooches in this world always win...
No good Plus1 faucets? Just more time to spend with my Bitcoin and Dash faucets. Ya gotta be resourceful during great catastrophes.
Alas...
The six tenner faucets are gone for good, unless six new sponsors show up.
Here come the lean years. Hope you all stocked up well, while the opportunity was there...
1.35 coins a day: https://uk.advfn.com/common/plusonecoin
Well if five billion dollars in trades in 24 hours is not a lot of action to you, then you must have a lot more PLUS1 than I thought.
BTC needs very badly to hold 7500 today and make a move on 7800 resistance. Failing that, the 7200 support will be re-tested, and it will likely be hello 6800 pretty swiftly.
Last week, BTC closed below the 50MA for the first time since Oct 2015. If BTC manages to break 7800 resistance, a re-test of the 50MA (now at 8500) could happen.
Why should anyone on PLUS1 forum care? Because for the most part, all alt-coins (with only two or three exceptions) move in lock-step with BTC, and PLUS1 has been no exception to this rule.
So, we will have a pretty good chance to test this soon: if 6800 or 8500 are in the cards in the next few days, there should be a corresponding move by PLUS1 in dollar value. PLUS1 in BTC value has been pretty stable in the .00000220 to .00000290 range all month, with occasional big buys/sells pushing it a little outside that range momentarily.
If I were a gambling man, I would wager that the overall bearishness to BTC will continue for the foreseeable future. But I am not; that is why I mooch.
Reason #43 why I hate Trade Satoshi
So, Trade Satoshi decided to delist BTCD (Bitcoin Dark). However, they provided no warning; they simply removed it from their platform today. They provide no reason for the move, and BTCD continues to trade elsewhere.
All the BTCD in my account was unceremoniously poofed, replaced by nada. Fortunately, that only amounted to what I had previously mooched from TS's stingy faucet: 0.00001450 BTCD, worth about $0.0009 So, I will hardly miss it. However, if they can do this to a coin without any notice, what if next time it is some other obscure alt-coin like PLUS1? That would suck.
ReCaptcha plays fast and loose with the definition of "street sign" too, imho.
Nuts, I missed Plus1 Me's flyby today! He is the Batman, Lone Ranger, and Green Hornet of Plus1 combined.
As it turned out, iHub was doing maintenance on the faucet at the time and I caught them in the middle of it. It was fine when I checked them a few hours later...
I guess things at iHub aren't as automated as we sometimes assume...