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5601  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 24, 2022, 03:34:19 AM
But I consider it less likely for that to happen then someone sending you the 3.69 btc

I'd give him 3.69 BTC if he ate my ass after I return from a Pancho's all-you-can-eat buffet.

Some people are into that. I stumble on such videos sometimes...

Makes me gag and I really don't get it, at least for the one eating the shit/vomit, I guess I can't kinda understand the pleasure of shitting on somebody.

I must say, though, 3.69BTC is tempting.

"stumble...  Wink

"gag"...  Wink

 Grin Grin Grin

Irony mode off, now.

I listened to a radio interview of a (female) scat-pornstar. She wasn't really into it, but she got offered a lot of money, so she got curious and tried. Later in the interview, she said the most interesting aspect for her were the various taste nuances. Generally, like men's poop tends to taste more "spicy" than women's scat.
And some other not quite delicate info i won't repeat here  Cheesy

For myself, i couldn't even try to taste a peanut sized piece of arsecream, not even for 3.69 BTC...

You party poop!!!!!

 Angry Angry Angry

[edited out]

This won't age well in 10 years when you think about it, while BTCitcoin sits at 100 mill a pop and you could have had 360 mil. You could have washed your mouth with some vodka and cleaned your insides with a few shots of tequila for the bacteria. And for the viruses you could have ate some saturated fats. Cheesy Cheesy  Roll Eyes  Huh  Shocked

Even Save the RF is making some sense on this one. #justsaying
5602  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 24, 2022, 02:27:57 AM
I am a person that will allow a wide range of opinions and strives to respect each one, even the ones I disagree with.

Thanks. My question to you and to others who answered me is this : isn't one of the things Bitcoin supposedly fixed, centralization ? Did Satoshi envision huge mining farms, gigantic mining pools, while 99% of Bitcoiners aren't mining at all ? Isn't that too centralized ?

Miners do not control the rules of bitcoin, it is those who operate nodes... no?

Miners alone don't control bitcoin, but without miners' support, it's doesn't work either. Since we were talking about a fork to change POW.

I googled your sentence and found this page that is quite well made : https://en.bitcoin.it/wiki/Bitcoin_is_not_ruled_by_miners

What you say is indeed true on the face of it, a bit of what I said is, too, it's mentioned that maybe 10 people control more than half the hashrate, I'll continue to find that scary.

The argument is made in the link that if miners don't behave, a change in POW can be made, through a fork, so it loops back to what we were talking about. The idea isn't developed but I understood it to say POW would be kept, but the algorithm changed to render current hardware miners useless. So trying to cut current miners out. I'm sure you will say that such a fork wouldn't work and I would agree, it follows that miners do have considerable power.

For sure, I do not want to get into any kind of detailed argument on the topic, and I don't really want to be accused of arguing for the mere sake of arguing, but surely some of the speculation about ONLY 10 people (or institutions or associations or whatever) potentially controlling bitcoin mining sounds like near pure fantasy, even though in theory such a thing is actually possible.. but it seems like one of those long shot theories..... even though we cannot really know exactly who the miners are but sometimes some of the fearmongering will outline some kind of out there theory and say "this could be happening" which just seems to be grasping at fringe ideas.

Bitcoin is POW.. POW makes bitcoin what it is.  There is no fucking way that is going to change to something like POS no matter the fantasies of a variety of people to make bitcoin more energy efficient or blah blah blah. Who fucking cares what some people believe about some kind of ability to change bitcoin into anything resembling POS or to try to push whatever the social justice fantasies might be....I made another post on this recently, but now I feel that I am rambling a bit and I understand that you are not exactly saying that Social justice theories are going to get pushed on bitcoin, aesma.

Of course, if there is some kind of feeling of an emergency need change bitcoin's algorithm or an emergency upgrade in bitcoin's software, that could damage bitcoin's credibility as being decentralized in a kind of irreversible way to the extent that some kind of emergency software upgrade ends up getting pulled off.. and then it kind of shows that there is an ability to change bitcoin in an emergency.. even though the claims would continue to be that you can only really change bitcoin by being able to attain overwhelming consensus.. and if there is some kind of perception that bitcoin is either being forced to be changed with social justice values (or even desires that bitcoin becomes more "efficient") then consensus would not be able to be reached.. so it would not even matter how much whining took place by an overwhelming majority of folks - maybe even 80%.. bitcoin is not changing... even if some seemingly objective value "to make bitcoin more efficient" or "to kill fewer puppies/babies."

Again.. regarding POW.. it is amazing. .including the difficulty adjustment that comes every two weeks that really has a lot of power to stave off significant attacks upon bitcoin, including the potential of an attack that might have been considered in the China forcing of the hashpower shutting off in its borders (at least a seemingly considerable proportion of mining 50%? perhaps?) in early to mid 2021.

Of course, some possible attacks on bitcoin or attempts to change bitcoin might not exactly be known until they are attempted, then there may well be an attempt to describe what happened including explaining why it happened and who (if anyone?) seems to have any kind of control over bitcoin in the event that there are attempts to make any kinds of changes and if there might be some kind of game theory that might end up having some semblance of success - including attempts at social engineering and for some folks to possibly insiders in bitcoin who might be attacking bitcoin.  

I am not going to claim to know much if any of the answers, even though sometimes I am going to fight against some characterizations that seem to describe what is happening in bitcoin or bitcoin's supposed vulnerabilities in too simplistic of ways, and the various claims of miners controlling bitcoin seems to come up a lot in misleading ways.  

I did look at the wiki too.. and I agree that it makes a lot of good points therein (and the wiki is likely to be edited with new events or theories too with the passage of time).


Dude.. stop being a sore ass beggar. If you don't have money, then invest in Digibyte ($0.02) and then wait 4-5 years till it reaches $1. Tha'ts like a 20x(or50x). And probably a 20x against BTCiTcoin as well. So divide 3.69 / 20 and see how much you need to buy, and in 4-5 years you exchange it for BTCiTcoin and you have your 3.69 BTCiTcoin.

Here, I'l do the math for you: 3.69 / 20 = 0.1845 BTCiTcoin worth of Digibyte that you need to buy. Then wait many years till it reaches 40 cents. Smiley  Shocked  Roll Eyes

*edit(): For 50x is 3.69 / 50 = 0.0738 BTCTC. Then wait till it is 1$.  Roll Eyes  Roll Eyes  Tongue

Oh gawd....  Roll Eyes Roll Eyes Roll Eyes

Do we have a battle to see who might be in a BIGGER fantasylandia..?

Even if you know how to do math about your fantasy, SavetheRF.. your ability to calculate is likely to ONLY show you how much delusional your fantasy happens to be.

But I consider it less likely for that to happen then someone sending you the 3.69 btc

I'd give him 3.69 BTC if he ate my ass after I return from a Pancho's all-you-can-eat buffet.

I'd pay 0.0369 BTC to watch.

I did not realize how many delusional bitcoin rich folks we have in these here parts, who would even want to get involved with anything to do with eXPHorizon .. even though if you add three more zeros, I might be willing to pay 0.0000369 BTC (which is also 3,690 satoshis) to watch BitcoinBunny watching the playing of Bawb and eXPHorizon... even though this is likely another one of those times that Bawb has overpromised.... ..

Remember in 2018 (was it 2018?) that Bawb was promising beers and blowjobs.. holy fuck.. he did mostly come through with the beers.. and the blowjobs were taken off the table as far as I can remember... and I even remember one aspect in which he was blaming me for talking about the drama that he had created in the first place... We have to realize that Bawb continues to have tendencies to become overly excited from time to time which causes him to overpromise... so even though he has generally been keeping that aspect of his lil selfie under control, this surely seems to be a demonstration of his ongoing challenges in regards to keeping his overexcitement under some kinds of reasonable/realistic wraps.

But I consider it less likely for that to happen then someone sending you the 3.69 btc

I'd give him 3.69 BTC if he ate my ass after I return from a Pancho's all-you-can-eat buffet.

Some people are into that. I stumble on such videos sometimes...

Makes me gag and I really don't get it, at least for the one eating the shit/vomit, I guess I can't kinda understand the pleasure of shitting on somebody.

I must say, though, 3.69BTC is tempting.

If there were an actual concrete offer on the table, I am pretty sure a lot of people (even well to do folks) would be ready, willing and able to eat shit (even Bawbs live shit or cleaning around his bunghole) for 15 minutes to 60 minutes for 3.69 BTC...  #justsaying. (I am not even saying that I would do it, but if there were something concrete on the table, it sure could tempt even the most pure of us folks, even yours truly, perhaps?)
5603  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 23, 2022, 09:07:12 PM
We're nearing the end of March, so get ready for a bogus-ly positive sounding headline from the MSM.

Something something cease fire Ukraine/Russia negotiations blah blah blah. It will be bogus and tentative/ temporary, of course.

Stonks and bitcoin will jump 8-10% on the news, and then fall back a bit.

It will start the longer cycle of a slow, random walk upward in the markets til the end of the year, with lots of FUD flash crashes in between.

Prediction: Bitcoin at > $55k by Fall/Winter.

EDIT: You dummies predicting $100K by April need to quit sniffing glue. The Average Joe public has already forgotten all about Bitcoin and the crazy crypto shennanigans of 2021, just as the whales and the MSM intended. And it'll stay that way until the run up to the next halving. Use this downtime to accumulate even more btc.

Don't confuse my sending an smerit to your post to be an agreement of the actual prediction... even though I appreciate that you have a decently solid vision.... but you do seem to be a bit overly bearish regarding $100k coming in a shorter period of time.... ... .. and sure.. you could end up being correct that momentum never really takes hold .. even though you are not really ruling out $100k and above by fall/winter even though you are keeping your numbers quite a bit below $100k.. and even below $62k.. which might be our FOMO triggering number to the upside.. if your $55k ends up slipping a wee bit and we end up getting a wee bit higher than your expectations, then the momentum might become a bit harder to hold back.. ...

for sure I am not saying that I know anything.. but fall/winter seems a long time to ONLY be getting up to $55k...



My understanding is that if you put a red trust (mark) upon another member, then it is better practice to include a reference to your justification.. (it is not mandatory, just a kind of recommended better practice).  I have tended describe the problematic post or behavior in my own post and then to reference that post (that way the negative trusted member would not be able to delete my post, even though they may end up deleting the referenced post - and I don't personally care about that because I have already cited the relevant information in my own post).

Another possibility  is that you can reference one or the other of my earlier references (I have seen other members do this), but you run the risk of my deleting the referenced post.  So far, I have not deleted hardly any of my posts, so it seems quite unlikely that I would start deleting my posts any time soon.
5604  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 23, 2022, 08:16:50 PM
snip

Then how the hell is he so bitterly bearish on Bitcoin? If I was in his shoes I would be sleeping every night in a Bitcoin bed with Bitcoin pyjamas on my Bitcoin yacht.
Proudhon=mindrust. There is no way with his weak mentality to hold thousands of BTC's all these years and to be so bearish. He is like Smeagol chasing his lost precious and becoming twisted in his mind.

It is a good point. I don't buy he has 10s of millions or a whopping $100 million worth with the attitude he has here, unless he is shrouded in jewellery, has 10 naked women crawling over him constantly and is extremely cynical just for the sake of it because he is bored.

He mentioned a few times "I'll give you my last 0.1 BTC if you are right..." bs etc.

Who the fuck knows.

So far, when the llama makes an offer to pay BTC for some seemingly dumbass proposition that he makes, he has paid when he ended up being wrong (which I believe is every time, so far). 

Llama has some kind of promise to pay fillippone.. I cannot remember the terms exactly... something about $100k or some other number up there in the 6 digits.. but fillippone surely would not be shy to remind anyone, including llama of such matter, if asked (having some senses of fillippone, anyone who wants to know don't even need to ask... hahahahaha).
5605  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 23, 2022, 07:38:18 PM
$42000



Going the wrong direction.

-1 WO merit.


Before the end of the workweek the price will be below $40k.

Llama dreams....


5606  Economy / Speculation / Re: Buy the DIP, and HODL! on: March 23, 2022, 06:32:35 PM
Quote

Today I become to first Elected official in the world to have his entire salary paid in #Bitcoincash, as our country moves more and more to making use of cryptocurrency and blockchain. Thanks  @rogerkver for the guidance in making St Maarten the Crypto Capital of the Caribbean!

https://twitter.com/mpbrison/status/1505178876015788046


Does the honorable Elected Official actually know that he's receiving his salary in an altcoin, not actual Bitcoin? Roger Ver probably explained how Bitcoin and Bitoin Cash "bilaterally split", and citing Satoshi's whitepaper, Bitcoin Cash is the "real Bitcoin", because "peer to peer cash".

Elected Official, "YES YES THAT MAKES LOGICAL SENSE, I SHALL RECEIVE MY ENTIRE SALARY IN BITCOIN CASH".

This is how early we are. Buy the DIP, and?

Holy fuck!!!!!!

Hard to believe how dumb/gullible some folks can be - for sure Roger is a charismatic and believable kind of a personality.. but any amount of due diligence should have given some information regarding the absolute crap such a bitcoin imitator is.. and should not even have bitcoin in the name... part of the reason that folks should not be seriously referring to such piece of shit coin as anything other than bcash.. just to attempt to be clear that it is not bitcoin, even if it was a fork of bitcoin that went live in August 2017.
5607  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 23, 2022, 06:19:06 PM

Actually it is very easy to solve. Announce to the world US is no more empire and switch from the imperial gallon to the litre!

Switching to the litre (liter) seems to ONLY be a relatively temporary fix...

Actually it is very easy to solve. Announce to the world US is no more empire and switch from the imperial gallon to the litre!

The US doesn't use the imperial gallon.

Used to use it for Icecream.. but recently shrinkflation...  Cry Cry Cry

not that I should be eating that much icecream anyhow, at least not these days.   Shocked

While we at WO can take our substantial stash through any border with just our memorized 24 word seed phrase with no fear of detection.
It escapes me why wealthy individuals do not hold at least some Bitcoin.

They have not got the memo.

Alternatively, if they did get the memo, they failed/refused to understand what it says.

 Cheesy Cheesy Cheesy Cheesy Cheesy

#HFSP


#NGMI

 Tongue Tongue
5608  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 23, 2022, 05:50:44 PM
Next month is really important for the Bitcoin Price Action.

VI = Vortex Indicator (A vortex indicator is used to spot trend reversals and confirm current trends.)

When Red crosses up Blue, a Bearish Trend starts.
When Blue crosses up Red, a Bullish Trend starts.



Really? I thought you were going to stop posting TA!

They don't look like bearish trends to me, infact, when the suppose bear trend was confirmed the price was flat or started moving higher!

Correct me if i am wrong... but didn't the bear market start Early 2014 and and Early 2018...

For sure, many of us appreciate that being able to assess whether we have transitioned from a bull market to a bear market ends up being a delayed indicator.. so even with the previous patterns of pre-2014 and pre-2018, we might have been able to assess that a blow off top had occurred and that we were entering into a bear market.. but while in the midst of the playing out of the market, we cannot even be sure with very high degrees of confidence that a bear market transition had happened until after being in it for quite a long time. 


Quote from: ImThour
Current Situation:
Either we stay in the bullish trend (The chart below is Monthly, so we are in a bullish trend since 01-06-2019) or we see a bearish trend after 4 years on VI.

Really, why are people meriting such crystal ball statements! Either we go up or we go down? no Shit Sherlock! you must have team of monkeys working around the clock to figure this out!..

If you posted this back in Sep 2020, you would be claiming a bear trend is on its way!.. Am I the only one frustrated with these shitty TA?....

For sure it is not easy to determine if ImThor is even trying to be genuine based on his seemingly flip-flopping tendencies - including that he does not seem to have any kind of decent grasp on either BTC fundamentals or how to make TA assessments that make some senses.  Then when he gets called out he has shown a variety of responses to: 1) ignore the response, 2) whine about the response, 3) proclaim that he is still learning and just practicing some of his "ideas" on us.




Really, why are people meriting such crystal ball statements! Either we go up or we go down? no Shit Sherlock! you must have team of monkeys working around the clock to figure this out!..

If you posted this back in Sep 2020, you would be claiming a bear trend is on its way!.. Am I the only one frustrated with these shitty TA?....

TA is good for trying to work out where people have their buy and sell orders (looking for a bounce, breakout, or fake out stop hunt), and of course a good way for you to work out where you could place your own. But does it have much predictive value? In times where the market consists of mainly traders, probably, because traders use TA extensively (self-fulfilling prophecy and all that). If the market is being moved due to other participants, news, etc. I would think not.

Those are all very good points somac; however, you seem to have side-stepped the elephant in the room, which was that hisslyness was responding to a seemingly disingenuine poster... aka ImThour... ... sure it is possible that ImThour is really as dumb as he presents himself to be, but I am going to continue to express reservations regarding any kind of supposed genuineness of ImThour.. at least for the time being.... sure, it is possible that he is learning along the way as he proclaims himself to be.. but really hardly makes any sense given the whole context of his posting history.,. at least, so far up until now.
5609  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 23, 2022, 05:14:38 PM


Makes me sad that I did not do anything when learning of bitcoin existence in late 2011 (price around $2).
For most people bitcoin required a couple of looks, or maybe it was just me.

It's not just you. I remember reading about the pizza sale in the paper and not doing anything.  Angry

hahahaha

Just think 10k bitcoin for two pizzas.

That is damned early.

Even if the two pizzas were $30, that would still be like 1/3 of one cent per BTC... and maybe that was a special quantity situation.., so even $0.10 per BTC would have gotten a lot of bitcoins for anyone who is able to figure out some way to find someone to sell them the BTC and then figure out how the hell to hold the BTC.. .. a kind of specialty for the technical geeks... even these days, so many people have not even figured out some of the easier kinds of wallets and hold coins on exchanges, and sometimes even I get confused about whether there might be some new wallet that I need to learn about..

On the other hand, I suppose if there is a will, then there is a way in terms of learning whatever was the better of practices back then for having BTC sent directly to a bitcoin wallet that might be kept on your computer, and then maybe later moved over to a paper wallet once those were established.. learn along the way takes time for anyone who might not have been within the technical geek circles.


Makes me sad that I did not do anything when learning of bitcoin existence in late 2011 (price around $2).
For most people bitcoin required a couple of looks, or maybe it was just me.
EDIT: I guess everyone gets btc price they deserve (research, commitment, courage/risk taking).

Most look at it multiple times not only you. Also for a lot who did something about it in 2011, it did not necessarily turn out good as could be because they sold early or lost everything on scammy exchanges (and still do). People still have coins on exchange this days, mind boggles.

Yes... interesting point about selling too much too soon.. but then also there would be various ways to lose coins if NOT sufficiently understanding possible vulnerabilities how the coins were held - and even if we presume that coins might not have been held on an exchange, because most of those earliest of exchanges before 2013 are no longer even possible to have coins.. except maybe Bitstamp...

even though MTGOX was the largest exchange, it was not the ONLY one to go down (which largely it went down in 2013 in terms of abilities to remove coins - even though not finally announced until February 2014).. BTC-e was a pretty easy exchange that went down in 2016 but then had various other iterations that finally went down in 2017.  There were others too.. but even by 2013, there were a variety of ways to  hold coins outside of exchanges, such as paper wallets, but the hardware wallets did make some of the holding of coins outside of exchanges much more user-friendly and they started to come on the scene BIGGEDly in 2014 and thereafter more and more of those.. oh and the blockchain.com wallet was actually available in 2013 (even thought there was about a year that Apple did not allow that wallet to be downloaded from its app store in 2014-ish).

5610  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 23, 2022, 04:44:02 PM

Makes me sad that I did not do anything when learning of bitcoin existence in late 2011 (price around $2).
For most people bitcoin required a couple of looks, or maybe it was just me.
I guess everyone gets btc price they deserve (research, commitment, courage/risk taking).

If you have 0.5 BTC you realize you knew about it in time that you should really have 5 BTC.
If you have 5 BTC you realize you knew about it in time that you should really have 50 BTC.
If you have 50 BTC you realize you knew about it in time that you should really have 500 BTC.
If you have 500 BTC you realize you knew about it in time that you should really have 5000 BTC.
If you have 5000 BTC you realize you knew about it in time that you should really have... Well. Fuck you, you damn genius.

So it goes.

Thing is...everyone up there... Which I imagine represents pretty much all of us... Is gonna be just fine.

Don't sell now.

I appreciate your provocative way of framing the issue cAPSLOCK, but I still question whether regrets regarding quantity of BTC accumulated need to be regretted.

Sure, almost all of us who are in bitcoin long enough are going to have mistakes along the way that cause our BTC stash to turn out to be smaller than our stacks could have been, but surely not all of those mistakes are due to lack of aggressiveness.   Surely, some mistakes come from being too aggressive, too.

Maybe I am merely in denial regarding my own failures to learn from my mistakes, but so frequently, I attempt to justify my own behaviors in life by proclaiming: "I was acting upon the information that I 'then" had in front of me."  

It seems to me that the older that we (are lucky enough to) get, the more likely that we are going to have more and more examples in which we could look back and Monday-morning quarter-back assess that we could have done z rather than our chosen combination of x and y.  So, yeah looking back makes for so many possibilities to kick ourselves and hypothesize that we should have been able to choose better..  yet part of the problem is that we might not have been able to have had chosen better.. and the ONLY questions that we have in front of us pertains to how are we going to chose NOW based on what we know NOW?  Are we going to continue to make the same kinds  of mistakes (to the extent that they actually were mistakes?) or does our own balancing of all of our individual factors still end up leading us to a similar kind of conclusion.. .because if we really consider the matter, then maybe our faults of the past might have been that we had failed/refused to sufficiently consider the matter in the previous time, but really, if we had sufficiently and adequately considered the matter in the past, then there should be no reason to conclude that our decision for NOW that balances the upside and the downside possibilities is going to change right now.

Regarding "all of us being fine":  that seems to be another provocation of the question regarding whether even folks recently entering BTC are going to objectively come to the correct conclusions - and many of us longer term BTC HODLers would suggest that the objective long term solution is to error on the side of HODLing and accumulating BTC.  

Seems to me that there are a lot of folks, even in this thread, who might be ready, willing and able to vocalize HODL/Accumulate as the "best practice" but there still remain a considerable number of ways that they could end up having their BTC stash fail to grow in size.. and a few common ways is to speculate that: 1) selling some BTC now may well allow for an ability to buy back more at a lower price, 2) wait for a lower price to "buy on the dip," 3) fuck around with various shitcoins, ICOs, NFTs, DEFI and presume that such speculation is going to be more profitable than maintaining BTC focus, 4) fail/refuse to sufficiently/adequately keep a certain number of BTC separate from possible government/third party attacks on one's stash and 5) maybe some other ways that are not top of mind for me at the moment.  My point is just that merely knowing about BTC and the best practices of HODL/accumulate is not going to sufficiently/adequately prepare any of us on an objective level to "do the right thing" in order to actually meet the goals of building wealth in the better ways that include maintaining a decently-sized BTC stash.

I am NOT even proclaiming that I, personally, have the better answers, even though I proclaim to have had tailored a pretty damned decent system for myself.  I frequently get criticized for shaving BTC off on the way up.. and sometimes I also get misinterpreted as if I am suggesting that guys should shave off BTC on the way up because I am suggesting that such shaving off on the way up is ONLY a likely better practice after having had reached an over-allocation status.. but also even the complications of accounting can also make such practice of too much shaving off to become a way less preferred practice even than what I am making it out to be.. so even some of us (such as yours truly) who sometimes attempt to present our systems as fool-proof and smarter than thou, might not have a system that is going to be suitable for guys in other situations even if we presume that the system is actually sufficiently/adequately understood.
5611  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 23, 2022, 03:54:29 PM
Next month is really important for the Bitcoin Price Action.

VI = Vortex Indicator (A vortex indicator is used to spot trend reversals and confirm current trends.)

When Red crosses up Blue, a Bearish Trend starts.
When Blue crosses up Red, a Bullish Trend starts.

Current Situation:
Either we stay in the bullish trend (The chart below is Monthly, so we are in a bullish trend since 01-06-2019) or we see a bearish trend after 4 years on VI.


You seem to be wiffle-waffling, ImThour.

Recently, you had so many bearish BTC price predictions that seemed to presume that certain low prices  (such as lower $20ks and you even had some of your recent predictions going into the lower $10ks) were necessary before BTC prices would be able to resume UPpity... which fits right into the category of what kinds of price dynamics a bear market would include. 

Now, you seem to have suddenly flipped and you are proclaiming that we are in a supposed ongoing bull-market.  Is that an attempt to curry favor with the BTC bulls in these here parts (if any are still alive and kicking?)?

Do you understand that which kind of market that BTC prices happen to be in does not just change on a whim.  I recognize that there are some traditional definitions regarding what is a bear versus bull market based on how long the price of the asset might be down or up, yet I do not expect any regular WO participants (even uie-pooie) to be limiting their assessment of BTC price dynamics based on traditional bull/bear market definitions.. .. .so maybe I am not going so far as accusing you of that.., even though I am accusing you of wiffle-waffling.. What else is new?


Makes me sad that I did not do anything when learning of bitcoin existence in late 2011 (price around $2).
For most people bitcoin required a couple of looks, or maybe it was just me.
EDIT: I guess everyone gets btc price they deserve (research, commitment, courage/risk taking).

Yes... $250 is not as good at $2, but still it is not bad.

Also, $2,500 and $25k are both seeming pretty good these days... even though not as many BTC would have been acquired at those 10x magnitudes higher prices.

Some people have learned from their past bearishness and whimpiness to take a more aggressive BTC approach.. even if prices are way the hell higher... but some people continue to regret their past whimpiness and they continue to make the same mistakes, because they keep dreaming of lower BTC prices. 

I am not even suggesting that it would be easy for anyone to really get out of that kind of mental trap - except perhaps just by engaging in a kind of action.. such as to just start to employ ongoing DCA rather than getting so god damned caught up in buying on dips that they end up ongoingly missing opportunities to buy BTC because they cannot get their lil selfies out of their mental handicaps/traps of continuing to hope that the BTC price will drop further so that they can buy on the dips - even though that mindset had screwed them pretty heavily in past times.
5612  Bitcoin / Bitcoin Discussion / Re: Debunking the "Bitcoin is an environmental disaster" argument. on: March 19, 2022, 10:37:50 PM
many say bitcoin is not environmentally friendly and blah blah blah....
it's just an excuse for those who want to corner it even to eliminate bitcoin from its development....
As we know, bitcoin is indeed one that uses electricity which has a negative impact on the environment, because the amount of fossil fuel used to generate electricity also gives birth to greenhouse gases and air pollution. environmentally friendly and this is not an excuse because one of the most polluting energy contributors such as cars still cannot be overcome even though many countries switch to electric cars, but; this is also not environmentally friendly imagine if the whole world uses electric cars how much electricity usage is used every day....
therefore don't make it an excuse but make it a homework together to find the best solution without stopping the development of more efficient transaction technology... because bitcoin is not a setback but an advancement

I have only gotten up to your post so far in the thread, but I have become motivated to post even if your point has been made by others in the thread dark1234.

In other words, you seem to be making a good point dark1234 in relationship to the incentives that bitcoin creates to be innovative... and for sure there are other posters in this thread making similar points, but it seems to be worthy of emphasis and repetition.

For several years, I have been asserting that I could give few shits about how much energy bitcoin is supposedly causing to be used in the aggregate, because the incentives of bitcoin empower each miner to choose for himself/herself regarding whether and how much to mine bitcoin or to engage in other activities....

So if a miner determines that that there could be ways to make more profits by lowering energy costs, then such miner is going to seek out such lower cost energy - which will likely cause the putting to use of energy that had not been previously used.  Surely, some of the beneficiaries of the lower cost energy are going to become perturbed because the miner would be causing their energy costs to increase.. but still i tis quite likely that benefits outweigh the costs in terms of miners seeking out lower cost energy and thus incentivizing the development and use of lower cost energies... so without intervention, bitcoin already seems to contribute to the causation of decent incentives to both utilize low cost energy and to develop more low cost energy, if possible (or economically justifiable to attempt such ongoing developments of low cost energy).  

So for sure there is a bit of a balancing of interests in terms of both the driving up of low cost energy, but also considerably great likelihood of ongoing development of such low cost usage of energy - which seems to actually be supported by the data (empirical evidence).

Maybe my own punchline is that I could hardly give any ratt's ass regarding the extent to which there are various kinds of clean or dirty energy usages.. because those seem to be side issues in which sometimes bitcoiners or bitcoin miners might end up getting involved if they might get involved in producing energy or selecting between sources of energy.. so in that regard, whether the energy is clean or not does not seem to be central towards whether bitcoin miners might be wanting to purchase energy that might be available in one location versus another.. just confusing regarding blaming bitcoin mining for preexisting situations.. and sure it may well be true that some improvements have been made to the energy grid over the last 50 years so that skies are not as polluted and water is not catching on fire.. so there surely are continued likely ways in which some forms of energy are cleaner than other forms of energy or if some forms of energy need to be coupled with cleaning or filtering technologies to cause them to be less polluting.. if it is truly the case that such forms of energy are more polluting than the benefits that they might otherwise bestow on the energy grid (infrastructure) - which likely varies quite a bit from region to region based on what resources might be naturally available in one area versus another... surely it is less energy (resource) efficient for people to live in a dessert.. or on a flood plain... but they still do.. so sometimes there can be meaningful and reasonable balancing of the varying interests.. which surely is a decent part of the story of bitcoin mining in terms of the individual incentives and whether those incentives might possibly go contrary to the balancing of public concerns.
5613  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 19, 2022, 09:14:12 PM
Fair warning: Moving coin onto the exchange in preparation for further ranch buildout funding. Starting to get that loving feeling again...

Yeah.. historically, you have had some tendencies to sell too many coins too soon.. not 100% so.. but at least decent probabilities, and then your whole disclosure on this might mean that we are going to get a doubling or tripling of the BTC price from whatever point that you make your alleged BIG sales... .so fair enough.. fair enough....


Strap ur lil selfies down bois... we may well be in for a BIG one..  Wink
5614  Bitcoin / Development & Technical Discussion / Re: [Megathread] The long-known PoW vs. PoS debate on: March 19, 2022, 06:13:05 PM
Quote
You don't need a warehouse if you can mine fractional satoshis with your CPU. If someone will succeed at shutting down huge ASIC miners, then the difficulty would drop, so small CPU and GPU miners will start mining. Also, it will make more pressure for decentralizing PoW mining.

For example:

network target: 0000000000000000000a37730000000000000000000000000000000000000000
reward per target: 6.34333655 BTC (basic block reward plus fees)
target for single satoshi: 00000000000182482072fc950000000000000000000000000000000000000000 (network target * number of satoshis)
target for single millisatoshi: 0000000005e4e9bec12aa6080000000000000000000000000000000000000000 (target for satoshi * 1000)

As you can see, single millisatoshis could be mined today on CPU's, if miners could be rewarded proportionally to their mining power. Banning ASIC's is just pushing us faster to that scenario.
People criticize Proof of Stake, but they cannot even make a test network without staking. For example, signet is very centralized. Developers did nothing to decentralize testnet3 in Proof of Work way as you described, they simply made a centralized network and added even easier Proof of Work than Satoshi did! Still harder than 20 leading zero bits in prenet, but definitely easier than difficulty one on mainnet. So, even Bitcoin developers are testing Proof of Stake and making new signets for new features (check https://ctvsignet.com/ if you don't believe me), guess what will be next. Just look at the mailing list in this month, there are more and more proposals involving signatures and staking. That means, Proof of Stake could win even on Bitcoin!

I finally got through this whole thread, and I would not even claim to understand all of the arguments contained herein.. Furthermore, I have hardly any claim to having much if any technical expertise in terms of the comparing and contrasting of POW to POS, yet I have been learning about bitcoin since about late 2013 - when I first got into it. 

At first, I had a tentative sense that bitcoin was an invention that was adding some kind of value that had never really been accomplished previously, and I was not exactly sure about how bitcoin was accomplishing that, but in some sense bitcoin seemed to provide a kind of hedge against the dollar.. a kind of gold 2.0. 

Yeah.,. I did not make that shit up.  There were already plenty of discussion and presentation of bitcoin as a potential hedge against the dollar and a kind of gold 2.0 in late 2013.  Some  people try to act like earlier people into bitcoin did not know what bitcoin was and everyone thought bitcoin was ONLY for transactions blah blah blah.. Sure, bitcoin had always been known to have multiple use cases, but surely continued and ongoing concerns about the extent to which bitcoin might be able to continue to survive and strive somewhat under-the-radar while gaining adoption and network effects that can take a lot of time to build and for people to get used to these matters.

I find so much nonsense in various claims about POS coins/projects adding any kind of value, or that bitcoin is going to evolve into POS with the passage of time because more and more aspects of bitcoin has developed or entangled with various POS systems.   None of us even need to assert that POS systems are bad because all kinds of them exist all over the world, and various kinds of them have existed way before bitcoin and some of the shitcoins and even status quo powers that be representatives who are currently proclaiming that POS brings various kinds of innovation are not completely wrong in regards to various kinds of innovations that can happen on and through POS systems.. while at the same time, those various POS systems are not bringing anything that is substantially and meaningfully new to the table that is likely even close to being better than bitcoin, and even if some of us might want to argue that they may be better than bitcoin, the better fucking be at least 10x better than bitcoin if they want to get the market to adopt them as superior to bitcoin.

Anyone who might be paying any kind of attention in terms of attempting to understand what bitcoin brings to the table does not even need to get enmeshed with the so many compare and contrast arguments regarding whether POW or POS might be better, because in some sense bitcoin has established itself as being at least 10x better than any kind of POW system that had preceded it... and bitcoin was a paradigm-shifting invention that got so many things adequately and sufficiently correct in order to allow itself to progress into a kind of gravitational pull of value in terms of Metcalfe's law.. and sure, it still might be confusing to many folks regarding the extent to which bitcoin has blowed it out of the park with its more than 13-year old invention .. or at least it has been live for more than 13 years.... and some of the details regarding difficulty adjustment could have been tweaked to have been something else, but those kinds of systems are sufficiently good enough for existing players and new entrants to build upon... creating incentives in which if some folks cannot recognize that value is going to continue to flow into bitcoin and they are distracted by various POS systems that are not really adding much if any value, then they will just need to figure that out later - while some of us have already identified bitcoin's paradigm shifting invention that involves the greatest POW system to date - is likely going to continue to attract value into it because it ends up being the soundest money and the most fair system.. in which anyone can jump on board at any time.. it just costs them more (on a personal level) if they wait longer.

No problem that various POS systems might exist side by side bitcoin and potentially supplement aspects of bitcoin in the event that bitcoin does not end up absorbing them, yet the foundation of value is going to remain bitcoin as a foundational POW system, and any kind of system that strives to displace bitcoin better be at least 10x better.. and there is nothing like that 10x better currently in existence - even though something could evolve, and it would be hard pressed to consider that anything that might displace or sufficiently improve upon bitcoin would be anything other than some other kind of POW system.. not some dumb-ass lack of innovation POS system that largely is convoluted at best and merely replicates various status quo systems that have already been shown to have a lot of defects including the fact that there seems to be no way out of a POS system retaining too much centralization (that bitocin seems to be getting away from.. even if the decentralization might not be perfect in bitcoin but bitcoin systems are likely the most decentralized of any systems that we currently have), and surely some of the unfairnesses of getting in and out and even building upon well being in status quo systems seems to have quite a few improvements with bitcoin..

and POW seems to be the underlying incentive system that drives the whole damned thing.. so anyone so confused about arguing against POW.. seems to be failing/refusing to actually understand what the fuck bitcoin brought to the table and continues to bring.. and who gives a shit if it happens to use electricity along the way.. the benefits way outweigh the cost for anyone who is able to appreciate what is being brought to the table and better get some earlier rather than waiting around for some pump and dump POS system that is only complementing bitcoin at best.
5615  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 19, 2022, 04:52:56 PM
$42,000 not bad I guess. Nothing feels like we’re going anywhere other than ranging until we break $46,000 though imo. We’ve been stuck under $46,000 for a long time now, I’d like to see it broken convincingly before I convince myself we’re out of this mini bearish stage.

It's very interesting that with the passage of time, we might be considering something like $46k to $48k to be a kind of BTC price area that is interesting in terms of how long it is going to take to get above such area.. and even symbolically, we have this whole calendar year in which we barely reached into the lower $48ks in the first few days of the year, which also includes the last time that we were at $46k because that was about a drop on January 3.. ... and thereby even a couple of attempts to get back to $46k did not quite make it... so, even if we reach that $46k-ish to $48k-ish price, there may be a need to get above both of them in order to experience a kind of solid "calendar year" ATH.. and as many of us may well realize if we can achieve the conversion of resistance into becoming a kind of floor.. then we may be able to rest assured (with a bit more confidence) that our $32,951 bottom is in.

Not a question of if, but when.. and jesus.. 2.5 months of consolidation (within what seems to be a bull market) should be enough.. that is if any of us are still leaning a bit more towards bull than bear....

not easy to be a bull-leaner in these kinds of times.

not easy to maintain any kind of strong confidence that the market has not yet converted to bear.

not easy to look at all the strange-ass happenings in the world and considering whether BTC prices might not hold up.. and might we end up getting some kind of liquidation event copy-cat that resembles the March 2020 liquidation event... can the world/economy tolerate two of those kinds of liquidation events so close together without going into melt down.  For sure we can recognize and appreciate various macro-economic factors that seem to be holding on a thread of a string... but will our buddy - king daddy fare relatively well in these times?  By the way, the outrageousness of various aspect of US Govt (and the Canadian freezing too) behaviors in recent times, has caused me some contemplations in pulling some of my assets out of some of the monies that are in some of those traditional systems (401k-like investments) because they have a lot of value, and I have quite a lot of confidence that those values are likely to continue to bleed.. but they are also subjected to various kinds of desperation of US Govt to come up with more excuses to steal the value from more and more normies.. just for no reason except that they can and that they are desperate.. Are they going to give the money back to the Ruskies or not?
 
Even if the Ruskies agree to be good boys and girls, to stop lobbing bombs (in the short-term), are the US controlled financial institutions going to give the money back to the ruskies.. how many years might it take??  Such extreme freezing should not have happened in the first place because it both shows the level of desperation of the US Govt but also has a lot of undermining implications, even if the Ruskies might have deserved it... deservingness is not the point... but lots of loss of confidence.. and is there any potentially reasonably place to hide besides bitcoin..? and even with bitcoin there is a need to do it right.. to have some kind of plausible deniability.. separateness, kind of like the olden days stashes of cash under the mattress (but hopefully holds value better) and do any of us have those attributes of bearer-assetness with any of the items within our stashes (our bug-out bags)?

seems like I am devolving into potential stream-of-consciousness off-topicness (I'm doing a cAPSLOCK.. hAHAHAHAHAHA).. will pause for now.  
5616  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 19, 2022, 02:44:47 AM


#nohomo

I've been demoted....

 Cry Cry Cry Cry


no more lazer eyes......


 Cry Cry Cry
5617  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 19, 2022, 01:50:11 AM
[edited out]

I call you a name because it's a FACT you're acting like a damn tadpole; acting as if your accusation of saying I'm "patronizing" others is NOT an attack on my character, blah, blah, blah...

AGAIN... All you simply do is divert attention to the FACT you attacked my character with the "patronizing" accusation.  That's WRONG, Tadpole...

I'm done with bitcoin talk...  Not because of you... Simply because I have more important goals to accomplish in life before I leave this world.  Sitting here talking to a tadpole like yourself is a complete waste of my VALUABLE time...

I wish you well and maybe, just maybe you'll stop being so damn self centered and stop judging others by YOUR appearance of what YOU think they are as a person.  I have more important fish (goals) to fry than to waste my time here any further.

Your Huckleberry

Your response shows that you lack reading skills because I already addressed your above points...
1) describing you as patronizing and presumptuous was not initially an attack on your character - instead describing your conduct, but your ongoing harping on the matter surely demonstrates that patronizing and presumptuousness may well be aspects of your character.... so yeah.. in sum, your emotional behaviors seems to establish that you have a likely bad character, too.

and

2) don't let the door hit you on the way out... Many dweebs have promised that we would be free of their presence, but then they end up coming back .. so I will believe it when I see it (cannot prove a negative, right?)  - by the way.. it appears that you activated your account for a day.. come in with guns-ablazing, and then go out soon thereafter with your self-righteous whining.   Roll Eyes Roll Eyes Roll Eyes


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edit: early Haiku

My favorite day of the year!!!!!!!!

Thursdays.

It's like I write and write and write and no one pays any attention, until dmwardjr.  I am going to miss dmwardjr.  Your favorite lil tadpole... #nohomo
5618  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 18, 2022, 11:06:51 PM
[edited out]

What is accusing one of patronizing others?  Is that not attack of my character?

Sure... I suppose that saying that you are patronizing and presumptuous in some aspects of your posted contents could go to your character, too.. but initially, I was only intending to make comments about the way you had posted in ways that seemed to postulate that you were smarter than the rest of us, which seemed to presume aspects of our intelligence and our motivations (lack thereof, mostly).. so I do not need to repeat what I had already posted several times.. and I don't delete any of my posts.. Usually, I do not edit my posts either.. except maybe within minutes of posting them.... .. so to the extent anything that I may have said is relevant, you can go back and look.. I don't go back and look too often either.. not even when some dweeb is trying to make some kind of drama about something that I may have said at one point or another. .blah blah blah.. and yeah.. I am referring to you as a dweeb too.. because you are surely seeming to rise to the definition of such... getting worse (devolving) with each post, so it seems.

 Cheesy Cheesy Cheesy Cheesy

ALSO, YOU are the one ASSUMING I have made a claim of my method being superior to yours or anyone else's.  I made no such claim on BitCoinTalk.  Have I on OTHER platforms?  Yes... Here?  No...

I was just going based on what you said.


No, not my goal for you to click my links.  IF one is interested in the indicators and how to use them, then sure, be my guest...  Am I hurt if no one clicks them?  Hell no...  I'm perfectly fine with that. 

Sure, there are valid ways to use outside links, even to one's own content outside of the forum. I suppose.  I don't claim to be an expert... many of us will link to a variety of outside references, and even though mostly not our own content, there are some guys who link to their own content from time to time..


However, I abhor tadpoles such as yourself who think they know every damn thing and make false groundless claims about others.

I doubt that I hold myself out as knowing everything.. but sometimes members do get that impression.. whether they are trolls or not, I am not sure.

However, YOUR goal is to try to fish your damn way out of your poor excuse of a human being behavior.

I question how you could be able to reasonably assess my goals to be the way that you characterized them to be.  Surely, you are entitled to your opinion, even if seemingly a wee bit out there.

Ohhhhh, aren't we the "non-emotional" one...  LOL...

Mostly.. yep.

what a freaking joke...  Always divert attention from your own damn short comings.  A typical tadpole...

Well, sure there might be tactics to attempt to cause topics to become less personal, even when others might seem to be striving to make them personal.  So I suppose diversion might be one of them that sometimes might work pretty well.  Seems kind of irrelevant that if you call me a name, then to deny it and call you a name.. does not seem to get us very far, but i am not above calling members names from time to time... especially when they seem to have justified such... just like I called you a dweeb above.. and probably you could be called a cry baby or a whiner, and maybe even take over the title from some other member(s) that have been much more chill in their emotional outbursts recently.. including the deleting of posts does not come off as very emotionally sound behavior and might even deserve a name for that kind of conduct.. it's the taking my marbles and going home approach to the forum.  hahahahaha.. we (royal) have seen that before, too.
5619  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 18, 2022, 10:37:38 PM
[edited out]

No, I actually edited what YOU did NOT read in the previous post, tadpole.

Have a look for yourself.

I edited it while you were posting your previous reply, tadpole...

Not very bright are you?

I knew you did not read the edited portion.  So, I simply copy and pasted what I KNOW you did not read.

Another PRIME example of YOU acting as if you KNOW something you honestly did not know...

Your Huckleberry

Gotta quote you merely to preserve your stupid-ass posts.. not that they mean much of anything - however, if I don't quote them, then you are going to end up deleting them...

You seem to have issues... and sure.. no problem with that.. probably the vast majority of us have variations of issues, no?

LOL...  Believe me when I say, YOU are a real damn nutcase...  Is the wee little tadpole's feelings hurt?

It's pretty rare that I get emotional about any of the postings of other members..

but sometimes I get emotional about the price moves of king daddy.


YOU know full well I did not put down anyone in this forum.  I did not patronize anyone in this forum.  I simply provided my opinion on current price action.  Then the wee little tadpole says their eyes hurt looking at the chart, blah blah blah... 

We already covered this... several times, it seems.

You claim I'm patronizing people for simply providing EXAMPLES of how the indicators work.  Just because YOU are not interested in how the indicators work does not mean OTHERS may be interested.

I never said that others might not be interested in your content.  It seems that members like some of the various ways that information might be presented.

I was largely bothered when you seemed to be suggesting that your way is superior, and several times, I already covered why I was concerned, no?

But no... You feel the urge to attack my character and demean me as a person.  Frankly, you REALLY need to look in a damn mirror, Tadpole.

You read me as attacking your character and demeaning you... and I suppose that is part of the reason that you are acting out so emotionally.


In fact, I welcome and encourage ANYONE to go to my official links.  Especially, on TradingView, Twitter and YouTube.  You will find I'm NOT the person YOU make me out to be.  I have thousands who would humbly disagree with your proclamations about me, Tadpole.

Your Huckleberry

Is that your goal? to get us to click on your links?  or you want us to respect you because you have supposed outside "real world" status - as demonstrated by us clicking on your links?

I have troubles figuring out where you are going with this and why it might not be problematic in a forum like this for you to seemingly to be wanting to lure people (whether members or not) outside of the forum... or whatever it might be that you seem to be getting so worked up about?
5620  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 18, 2022, 10:16:52 PM
[edited out]

No, I actually edited what YOU did NOT read in the previous post, tadpole.

Have a look for yourself.

I edited it while you were posting your previous reply, tadpole...

Not very bright are you?

I knew you did not read the edited portion.  So, I simply copy and pasted what I KNOW you did not read.

Another PRIME example of YOU acting as if you KNOW something you honestly did not know...

Your Huckleberry

Gotta quote you merely to preserve your stupid-ass posts.. not that they mean much of anything - however, if I don't quote them, then you are going to end up deleting them...

You seem to have issues... and sure.. no problem with that.. probably the vast majority of us have variations of issues, no?
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