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601
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: October 21, 2021, 12:16:17 PM
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Interesting price action around the highs, I expected more of a breakout honestly. Probably just a small breather before on the up, but being that we haven't really had a healthy correction since the 41k low I woldn't be surprised if we have a bit of a pullback/sideways for a while.
I noticed that the mempool spiked fairly high in the last 24 hours, profit takers again maybe?
A lot could be like me they mined and held for 3-4 months and are taking some profit for expansion and bills. The increase in the mempool would back this up. In which case we just have to work through it then up we go. |
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602
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: October 21, 2021, 12:03:13 PM
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Interesting price action around the highs, I expected more of a breakout honestly. Probably just a small breather before on the up, but being that we haven't really had a healthy correction since the 41k low I woldn't be surprised if we have a bit of a pullback/sideways for a while.
I noticed that the mempool spiked fairly high in the last 24 hours, profit takers again maybe?
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603
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: October 20, 2021, 09:22:54 AM
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[...] Regarding the C65, there is a group re-releasing it. It is C64 backwards compatible and also has a 40mhz mode. Can also have other cores installed - Spectrum, Gameboy, and I think Amiga soon. https://mega65.org/Thanks for that link. I've had an Amiga 500 and a 3000. By far the most exciting machines (esp. the 500) I've ever owned in my entire life. I'm drooling to the thought of $500k / $3M corn prices... I had an Amiga 500 myself. I remember going down to the store to pick it up with my parents in about 1988 maybe, fantastic machine, still play the games today (with an emulator though). Definitely can't wait to be posting a picture of one of those on here. |
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604
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: October 20, 2021, 09:10:38 AM
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Since I probably won't be online when we hit 65k I'm posting this now. Not many of these computers exist only prototypes.  That's nice. Never seen this machine before. Looking forward to this (this year, perhaps, perhaps?):  I was thinking the commodore 128 myself, but anything Sinclair is good too. Regarding the C65, there is a group re-releasing it. It is C64 backwards compatible and also has a 40mhz mode. Can also have other cores installed - Spectrum, Gameboy, and I think Amiga soon. https://mega65.org/ |
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607
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: October 16, 2021, 04:18:55 AM
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If I sold a piece every time philipma sold a piece, I'd be... well, broke and not bitcoin rich.
Maybe rich, but Bitcoin poor Few understand what’s more important will sell another piece based on this advice. If I sell 0.003 each and every day of the month It comes to 30 x 0.003 = 0.09 a month If I earn .14 btc a month I am stacking 0.05 a month. I am fine with this. The mine keeps growing and I keep getting more btc in earnings each month. Eventually the difficulties will go through the roof but I 3x the size of the mine this year so it works for me and my partners. It seems some people don't understand you're running a business here. Hard to expand the business if you don't spend some revenue on increasing infrastructure. And if you didn't expand, your stack would be much smaller than it is now. Bingo. Exactly this. I have a good power deal. I am nowhere near capacity and I expand the mine buying gear as dca. I buy on credit when coins dip like the 30 k drop in the summer. When coins go up 40k 50k 60k I sell some btc. This mine started with four s9s in dec 2018. that is 36th. on the btc side it is now over 1700th (4 people in on it) since we do not talk shit coins I won’t say the amount of gpus and the L3+ ‘s But we have quite a few. We would not be growing the farm without plowing back some coin. Since times are good I sell some coin to pay the credit off and also get some gear with out credit. You and your partners have done very well. Going from 36 to 1700 is pretty awesome. I would like to start a mining business myself, but there is no way in my country to get power cheap enough. When I get a rural property I will reconsider it if it is economic to run off solar in my location. |
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608
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: October 16, 2021, 02:53:17 AM
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If I sold a piece every time philipma sold a piece, I'd be... well, broke and not bitcoin rich.
Maybe rich, but Bitcoin poor Few understand what’s more important will sell another piece based on this advice. If I sell 0.003 each and every day of the month It comes to 30 x 0.003 = 0.09 a month If I earn .14 btc a month I am stacking 0.05 a month. I am fine with this. The mine keeps growing and I keep getting more btc in earnings each month. Eventually the difficulties will go through the roof but I 3x the size of the mine this year so it works for me and my partners. It seems some people don't understand you're running a business here. Hard to expand the business if you don't spend some revenue on increasing infrastructure. And if you didn't expand, your stack would be much smaller than it is now. |
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609
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: October 15, 2021, 05:46:18 AM
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Good morning WO gang! Is this the reason for this rally? https://cointelegraph.com/news/new-tickers-and-ark-filing-shows-bitcoin-futures-etf-approval-imminent-analystFutures based ETF is not a thing - it only creates an artificial inflation, IMO. And that is the purpose of those who are afraid of Bitcoin. On the other hand, once approved there will be less arguments to deny further a spot based ETF, which is good. At least it will revive Grayscale trading which is dead rn. Anyway, the supply shock is what really matters. As usual, when revisiting the previous ATH, it is done with 2-3 times less volume, which is understandable. The second time the hodlers are not tempted to sell anything. This is visible by the comments here as well. Nobody is really excited about these prices. No rockets, choppers, etc. But it feels good to see all these weak hands biting their nails for selling on a loss at 30K.  Other benefit of any ETF is that the "the government going to ban it" people have far less ammo than before. In fact, it should blow that shit almost completely out of the water and all the investors who were avoiding for this reason now no longer have that excuse. |
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612
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: September 22, 2021, 11:28:50 AM
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If you're worried because of the recent dip, you're not doing it right.
Zoom out and enjoy the view.
@LFC: I hear you, but don't worry too much, it will come, and soon. In fact, I'm looking forward to buying my next $1k+ smartphone with your $50 prize money (there will be change for the beers too). When this happens, Bitcoin price will be at $180k+ and we will all be ecstatic. And it will happen sooner that many of us expect.
Onwards & upwards.
HoDL.
I would like to add that being that this dip was brought about by China and today they have already started the bail out process, remaining at this level for long is not going to happen. It is therefore a great time to buy the dip. In addition, if the SEC news has had some kind of an effect, this is also compltely retarded. The SEC has zero fucking power over anything, just go ask Elon Musk over Twitter about how much of a bunch of wet lettuce leaf slapping pussies that they are. SEC, hahahahahhahah. Pathetic. |
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614
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: September 22, 2021, 10:49:55 AM
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So….? When supply shock? Asking for a friend and Liverpool fan…  He isn't the only one asking. But if what we are going through right now is at all similar to 2020, after the crash, it can take months. I think it was about 5 solid months of vanishing supply before we started moving up in a significant way. Edit: being that I haven't seen any charts posted by the usual twitter on-chain people since the dip, I imagine that supply has not been taken off exchanges during this last dump. If it had, I'm sure they would be quick to post the charts. |
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616
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: September 21, 2021, 09:32:29 AM
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Awesome movie imo
i was thinking more of the game i use to play in the 90's.... I was able to pass the game in all scenarios and campaigns normally, then decided to try and see what I could do to make it simpler. First it was easy to change the starting spice to a negative number, effectively giving you 65k spice at the start. Second, I was able to edit the dropship to drop anything I wanted, including the big tanks, devastators, and even ornithopters. At one point I didn't bother killing the other race or enemy, I just started hunting for worms and killing them. They could not be killed, but if you damaged them enough they would disappear. Never played the Dune 2k version, just the old MS DOS one. Now thinking about it more.. It was Dune II, wasn't too sure if we had trainers by then or if we manually hex editors the game like we did with SimCity to get billions in cash! Wow!.. long time ago man! Still remember some of the memorable quotes... Duke Nukem 3D: Kick ass and Chew Bubble Gum - was my favorite... For those fans of the dune games here is a great 3-part overview of the saga (by one of my favourite bloggers) and why Dune 1 and Dune 2 came out at the same time and are very different beasts. Both absolutely fantastic mind you. In fact, I still play them regularly today. https://www.filfre.net/2018/11/controlling-the-spice-part-1-dune-on-page-and-screen/https://www.filfre.net/2018/11/controlling-the-spice-part-2-cryos-dune/https://www.filfre.net/2018/12/controlling-the-spice-part-3-westwoods-dune/Regarding the movies, I have only seen the David Lynch version, which was pretty panned by the critics but I liked it still. Haven't seen the new one yet, but the best are the mini-series, I highly recommend them. https://en.wikipedia.org/wiki/Frank_Herbert%27s_Dunehttps://en.wikipedia.org/wiki/Frank_Herbert%27s_Children_of_DuneAnd Duke 3d is awesome, his famous line is of course paraphrased from the fantastic movie (and a very relevant narrative these days) They Live directed by John Carpenter. I highly recommend that too. https://en.wikipedia.org/wiki/They_Live |
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618
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: September 20, 2021, 02:27:28 PM
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So let's see... 1. Stimulus checks over. 2. Unemployment payments ending. 2. Housing moratoriums ending, evictions starting. Thus consumer spending and GDP falling like a brick. And now, liquidity crises around property developers in China suddenly appear out of nowhere. Coincidence? I think not. The Fed & Treasury took away the punch bowl too soon. If the stock market tanks significantly, then just watch as U.S. Congress not only raises the debt ceiling, but they'll vote for and pass another multi-trillion $$$ "stimulus plan" so fast that it'll make your head spin. Gotta avert that crisis. All by design.   And the sheeple will applaud. The spice must flow. |
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