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1881  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 13, 2020, 06:29:10 PM
we goin' to the moon boys

True, but it will probably be a leisurely cruise rather than a quick commute.
1882  Economy / Speculation / Re: Price of BTC after halving on: May 13, 2020, 06:00:22 PM
Because of lockdown & Epidemic period, people are selling theirs bitcoin due to afford theirs daily Expense. That's why bitcoin price got descressed.

Nonsense. Do you really think people are selling bitcoins 20, 50, or 100 at a time to meet their daily expenses?

It's whales and institutional players who move the market.
1883  Economy / Speculation / Re: Will Bitcoin exceed 20k this year like in 2017? on: May 13, 2020, 04:34:07 PM
Bitcoin never did actually hit $20k in 2017. It fell a little shy. That's not the point though.

The real question is whether it reaches the ATH (all time high) in this, the halving year.

After the 2012 halving, the ATH was broken in about 3 months.

In 2016 it came just short of reaching the ATH in late December before dropping back down. It didn't reach a new ATH until late February 2017.

We may see a similar pattern this year. Both previous times the ATH was reached late in the winter (northern hemisphere).

Then again it might surprise us and reach a new ATH quickly, as it did the first time.

No one can see the future.

I agree. While the pandemic of COVID-19 is on the way, it could be impossible for bitcoin's price to reach to $20,000 again because there will be people who will sell out their bitcoins just for them to provide their necessities or daily needs, while they temporarily don't have any jobs to earn money.

Who knows bitcoin can hit that price again even if we are still in the pandemic of Covid-19. And if that happens, I am sure that can give another happiness to people who have bitcoin while they stay at home. They will have additional money to continue to survive in the pandemic, and they don't have to worry about how to buy their daily needs. Maybe with that money, they can also help their neighbour to buy the daily needs so other people can survive too while they are waiting for the update from the government.

You're acting as if the price is determined by small-time retail speculators. It's not.

The price is driven by whales and institutional buyers.
1884  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 13, 2020, 02:10:31 PM
Good morning Bitcoinland.

Back up over $9k... currently $9125USD/$12800CAD (Bitcoinaverage).



Go Bitcoin go.

What's the way to end up with a small fortune in the music business?

Be an early adopter of Bitcoin and don't sell.

As previously mentioned, that's only the money part of being rich. The other part takes a lifetime.
1885  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 12, 2020, 11:53:49 PM
get off Jimbo's lawn

LOL I haven't had a lawn since the 1970s.

Lived in houses downtown most of my life with zero lawns. At one time a quarter century ago, I owned 3 houses and no lawns.

Last time I had a lawn was when I made the mistake of living in the burbs for a couple of years. Never mowed it. Pissed the neighbors off. Someone murdered the beautiful thistle that was its crowning glory. Always wanted to plant more dandelions to beautify it. That would've really pissed them off.

I could never understand why people wanted boring plain green single-species lawns. Why not just get astroturf? Save a lot of time, money and headaches.

If I had a lawn, anybody could feel free to walk all over it. Just don't step on my blue suede shoes.
1886  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 12, 2020, 11:26:15 PM

Llama? Alpaca? Ahhh... who cares?
1887  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 12, 2020, 09:09:28 PM
Us boomers got to stick together.

I never liked the term "boomer" as if everyone born between 1945 and 1963 was a member of the same cohort just because they were all products of the postwar economic boom. Yeah, our parents may have all decided to have a zillion kids at the same time (after the Great Depression and WW2 could you blame them?) but really it was 2 distinct groups:
_____

I was a member of the first group, those born in the 1940s and very early 1950s. When I was a kid we still had horse-drawn daily delivery wagons in the city, bringing us our milk, bread, ice, and coal. More people still had iceboxes than refrigerators and more people shoveled coal into their furnaces than had thermostatically-controlled gas or oil. A wringer washing machine was a modern labor-saving device. Many people still used washboards. Public transit was mostly streetcars.

We had no running hot water. On bath night my father would light a gas water heater to warm our bathwater. When my mother did dishes or laundry, she heated water in a big kettle on the kitchen stove. She dissolved ends of bar soap in the dish pan with a metal cage thingy with a handle because they didn't sell liquid dish soap yet.

After dinner, we'd sit around the floor-model vacuum tube radio (no permanent-magnet speakers: a speaker had a voice coil and a field coil) and listen to radio shows like Amos and Andy or The Lone Ranger. Phonograph records were 78 RPM and made of shellac. Most people who had record players had wind-up acoustic phonographs. My father was a classical music collector so he had a electric turntable with a piezoelectric cartridge that you mounted metal needles into with a thumbscrew. It connected to the radio. When the first TV arrived on our block it was quite the novelty. All the neighbors came around to look at the tiny round screen reflected in a mirror because the CRT was mounted vertically. Music was still mostly crooners and big bands.

We bought our meat at a butcher shop, our produce from a greengrocer, and what baked goods that weren't homemade came from a bakery. Cheese was cut and weighed by the piece, also by the butcher.
_____

By the mid-1950s everything seemed to change. Everybody had a fridge, hot water, an automatic washing machine (and dryer) and a thermostat. All the horses and many of the streetcars were replaced by internal combustion engines. Supermarkets replaced specialized food shops. Foods were pre-wrapped and packaged.

Television ruled. Radios were relegated to music and to a small degree, talk. TV commercials effected how people shopped, ate, clothed themselves and went about their daily lives. The propaganda was relentless. McCarthyism gave us a new enemy to hate and fear. It wasn't the Gerrys and Japs anymore. It was the Commies.

As the decade went on, transistors started replacing vacuum tubes and vinyl replaced shellac. Rock&roll replaced swing and new attitudes arose. It was OK to have fun and be sexy again, just like during the roaring '20s before the Depression and the war made everybody miserable and security-conscious.

Anyone who wanted a job could get one and everyone seemed to have lots of money. A guy with an average job could afford to own a home, a cottage, a stay-at-home wife, 3 or 4 kids, a new car every 3 years, and still be able to save enough to send his kids to college.

The "boomers" born in these times were a completely different cohort from the "boomers" of the 1940s.
_____

Modern generational divisions are usually based on technological or social differences. GenXers are those who came after the cultural upheaval of the early 1960s with the Kennedy assassination and the emergence of the counterculture. The Millennials are defined by growing up with the internet. GenZ by life-long internet access and post 9/11 oppression. Gen Alpha by social media.

The early and late Boomers, however, get lumped together despite major societal and technological changes in the 1950s simply because of their numbers, which has more to do with their parents than them.
1888  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 12, 2020, 04:19:38 PM
naked lesbians?
one would hope

I think you're right.

Ever notice how not only men's mags but women's mags also have beautiful women on their covers?

The only magazines with men on their covers are gay/bodybuilding mags.
___

Raja could be right too though. During my bar gigging  days we sometimes had to share our dressing room with the dancers on Lady's Night.
From what I saw, the vast majority of male strippers are gay. It was always hilarious if not a little awkward having an ultra-hetero rock&roll band sharing a dressing room with them. We were drinking beer and smoking doobs and they were adjusting their dildos.
1889  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 12, 2020, 03:10:22 PM
Good afternoon WO!
Observing @ $8,868

Many are talking about miners. Waiting for hash-rate to get down or price to go up to make mining profitable, so many things. But I say, just wait and see. There will be a balance as usual, nothing to be worried too much. There was a balance always and will be always.

Bitcoin is strong since the day it was created.

You run a bitcoin strip club or something? How's it working out with all this social distancing?

If a gentleman's club has naked women, what does a girl club have?
1890  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 12, 2020, 02:59:54 PM
Good morning Bitcoinland. A new day a new block reward.

I see we've started to creep up ever so slowly after yesterday's halving-day clusterfuck...  currently $8903USD/$12468CAD (Bitcoinaverage).

Still a year before the real fireworks. Still an ATH before year's end would be nice.

Go Bitcoin go.

I know a friend of a friend who won $2M in the lottery. In 2 years he was broke and owing money to banks for a half-built luxury house he never managed to complete.

Yeah, those people treat it as income, not capital. Like they're going to recieve $2M every year.


Brainwashed with the paycheck/employee mentality.

Riding the wealth/poverty rollercoaster a few times knocks that out of you.

"Living large" in in pursuit of a "reputation" in Vegas and Hollywood? Lawl. Maybe next time he/she (it?) will be more careful with his/her (its) money and quit trying so hard to be such a snowflake.

Oops. Didn't mean to sound like a boomer. I'm not just an okay boomer though. I'm a special one-of-a-kind boomer, a snowflake boomer.  Cool
1891  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 11, 2020, 10:55:24 PM
Anyone that can manage the time out of life to hang out here and post all day is already rich. Smiley

Absolutely.

Bitcoin (and other money) and material goodies are nice but real wealth is our health, freedom, friends and family.

Having all of the above really rocks though.

Money doesn't buy everything, but what it doesn't buy is easier to get if you do have money.
1892  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 11, 2020, 10:16:45 PM
Everyone is saying by 2023 we will be rich.

We will be rich by 2021. By 2023 we will be filthy rich.  Cool


Nobody knows what will happen

Yes we do !

Of course we do.

But what if we're already rich?
1893  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 11, 2020, 09:47:16 PM
Happy halfling!



Cheers!

1894  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 11, 2020, 07:41:15 PM
Happy halving Bitcoinland.

I realize there's probably no immediate effect on the price but that will come.

It's kinda like the vernal equinox.

It may still be freezing cold with snow on the ground, but the days are longer than the nights and after a lot of rain and the occasional late snowstorm soon the flowers will be blooming and heat of summer will follow.

Feels good.
1895  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 11, 2020, 05:14:36 PM
"this is gentlemen!" is a meme. it was either a thread in speculation subforum or a post in WO
 Canīt you fuckers even remember??  Cheesy
This?


or this?
https://bitcointalk.org/index.php?topic=855789.0
Dat volume maynnnn

Actually, it started on Reddit -

https://bitcointalk.org/index.php?topic=855789.40
_____

Edit:

Oops. Gentlemand beat me to it.
1896  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 11, 2020, 04:28:42 PM
If there are only half as many Bitcoin wallets after today, does that mean everyone's wallet has twice as many coins in it?

What if your wallet isn't big enough to hold all the extra coins? Will all the coins spill out and be lost? Won't that make all the other coins worth more?

Maybe that's what all the excitement's about.
1897  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 11, 2020, 03:07:26 PM
What's that havling everyone is talking about?

if you have a wallet with x bitcoin in it after today it will only have x/2

this was all hardcoded in by Satoshi at the genesis block to promote decentralization by preventing whales from getting too big

Is that a block mined by the Genesis cloudmining company?
1898  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 11, 2020, 02:55:31 PM
What are we getting so excited over? The big price explosion won't likely happen until next year. This is not some huge unexpected event, we have known about it literally since bitcoin was created. What's with the hype?

It's fun.
Okay boomer but why?

Watching clueless millennials trying to read something into it.
1899  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 11, 2020, 02:45:04 PM
What are we getting so excited over? The big price explosion won't likely happen until next year. This is not some huge unexpected event, we have known about it literally since bitcoin was created. What's with the hype?

It's fun.
1900  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 11, 2020, 02:18:29 PM
Good morning Bitcoinland.

It's halving day and the pre-halving volatility continues... up over $9k and back down again... currently $8923USD/$12490CAD (Bitcoinaverage).

We await with eager anticipation.

Anyone following the halving trend knows Bitcoin takes a dip early halving cycle. $10k was also obvious resistance for the perfect drop.

Bitcoin has only had two halvings. There was no dip early in the first halving cycle, unless you count the crash from the first of the 2 great bubbles of 2013. There was a tiny dip a full month before the November 28, 2012 halving but I think that was too early to include.

Yes there was a dip 3 weeks after the 2016 halving, but was that necessarily halving-related or just a typical summer dip?

In the first few months following the 2012 halving the price soared up. In the first few months following the 2016 halving the price dipped.

There is no clear historical pattern. Anything can happen and probably will.
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