Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[JayJuanGee]

[snip to save space...... ]

I've read your last two replies and will to be on somehome, context with you

1. I was addressing you in the first place and the community after that, but as we didn't meet before, it sounds that we are friends and in the same boat, so basically, nice to meet you, really
2. As I told to Klee in one of my posts where I was replying on him regarding how do I act towards bitcoin, I will quote it here for you to read,

You could be right, but lets come down to ourselves, you could invest in yourself by learning new skills, methods, languages .. etc., but without believing in yourself, you will go nowhere even if you mastered everything.

It's like loving someone, your heart and mind must work, here in BTC, TA and Believing in BTC goes together, we can't relay on each of them in solo, but I tend to go more with believing as I'm emotional by nature

3. I could sound as an aggressive bull, oh wait, yes, I'm but because I like bitcoin, all my friends here (80% bulls and 20% bears), I like the community, and I've learned a lot from many people over here, I like to share optimism in the air like Rihanna wants to share love in the air  

4. If you have any doubts/questions, let it out and lets in public, maybe I got could help you with others.

5. I see you are a great person and older as well as more professional than me and this makes me happy.

6. I will end my talking by telling you, don't lose faith my friend, if you felt losing faith in Bitcoin, talk with us, and we will fix us 

Yes, there are quite a few posters here who believe in BTC, and surely we cannot meet them all.

I am expressing that there are times when I have doubts in BTC or have to modify my view and prediction based on some bearish performance. 

Yes, each of us are different, and we do need to calculate our level of tolerance and our level of risk or willingness to take risks.  These factors are going to vary for each of us, unless we happen to be of a similar age and we have a similar investment portfolio, but even then, we may hedge our bets based on our own personal profile, including but NOT limited to what we have already invested, our income stream, and our view of the world and what we plan to do in the future, including how long we expect to live.

There are quite a few ways to calculate future investment plans including a lot of different ways to count assets and to identify how much of one's own networth or even quasi-liquid assets that s/he may want to allocate towards bitcoin.  Some of my goals in this regard can be in flux or even reconsidered - for example, I could look at only income stream, and say, I want to have 40% of current income stream go towards bitcoin investments, or I could look at all of my networth, and say, I would like to have 10% (or some other amount allocated towards BTC), and as the value of something increases or declines, the calculations may change, but also one's bullishness towards any particular asset or asset class may evolve and cause that person to reconsider or to reallocate (and as I suggested, some assets may be more liquid than others, and accordingly, s/he may choose or choose NOT to include some difficult to liquidate assets in such considerations of BTC allocation calculations).

Potentially, it takes a lot more calculation and consideration when an asset class seems to be in the red, rather than when that asset class is in the black. 

Accordingly, since overall, my total BTC portfolio is in the red (and has been there for most of my investment into it), in recent months, I have devised some strategies to reconceptualize portions of my BTC portfolio in order that some portions of my BTC portfolio will come back into the black sooner, and therefore allow me to trade BTC sooner than if I were to wait for the whole portfolio to get into the black.

  Overall, I remain very optimistic about my overall BTC holdings and my overall plan forward.  I feel much better now, as compared with January/February 2015 when BTC just returned to the sub $300 prices and when began mostly to stagnate in these sub $300 price territories including fairly extensive periods of time staying below $250.

[1715128393]

1715128393

[1715128393]

1715128393

[1715128393]

1715128393

[JayJuanGee]

...
Have you come here to denigrate others ... or did you want to contribute in some meaningful way?

Won't lie, he's a bit niggardly when it comes to meaningfully contributating

Good Lambie vs Bad Lambie 

hahahahaha...


YES... probably two shell accounts battling it out with self in order to develop a post history sufficient in order to later share dick pics with us...

 

[Cconvert2G36]

It's quite simple: it enables true micropayments on the Bitcoin blockchain by making access to mining ubiquitous.

Eventually their chips will be integrated into PCs. As the person you quoted above mentioned, this is the pilot version.

The amount of coins mined is negligible from a financial standpoint but not if someone is concerned with interoperable communication by devices using the Bitcoin protocol.

I thought the Bitcoin protocol was off-limits for the free shit army and their coffee/micro-transactions?

Seems the devices aren't intended to be using the Bitcoin protocol... besides just trading hashes for proprietary credits from 21 co.? Eventually settled to the blockchain by some gateway?

I hope these guys are successful but it's looking like a long shot at this point. $400 for a 100GH device is pretty laughable. Joe Blow public can't be arsed to even figure out that bitcoin didn't die with mt gox, yet they'll be super interested in expensive high power consumption devices for... free articles on the web? I wish them luck, and it seems they'll need it in addition to 9 figures of VC money and some smart people.

Wake me up when the 30TH electric furnace/water heater comes out.  

[ChartBuddy]

Coin
Explanation

[billyjoeallen]

https://21.co/

http://blogs.wsj.com/moneybeat/2015/09/21/21-inc-releases-first-product-a-bitcoin-computer/

 

A wobbly Raspberry Pi?

Can someone explain to me why this isn't the dead end I think it is?

I don't understand it either.

Raspberri pi:  $38
Avalon Nano3 USB Miner: $35
64GB SD card: $20

21 microcomputer: $400???

For everything else, there's Mastercard_TM

[BlindMayorBitcorn]

https://21.co/

http://blogs.wsj.com/moneybeat/2015/09/21/21-inc-releases-first-product-a-bitcoin-computer/

 

A wobbly Raspberry Pi?

Can someone explain to me why this isn't the dead end I think it is?

I don't understand it either.

Raspberri pi:  $38
Nano USB Miner: $10
64GB SD card: $20

21 microcomputer: $400???

For everything else, there's Mastercard_TM

Is this company just an elaborate troll? Srs question

[ChartBuddy]

Coin
Explanation

[billyjoeallen]

https://21.co/

http://blogs.wsj.com/moneybeat/2015/09/21/21-inc-releases-first-product-a-bitcoin-computer/

 

A wobbly Raspberry Pi?

Can someone explain to me why this isn't the dead end I think it is?

I don't understand it either.

Raspberri pi:  $38
63 GH/s antminer U3: $20
64GB SD card: $20


21 microcomputer: $400???

For everything else, there's Mastercard_TM

Is this company just an elaborate troll? Srs question

What's even dumber is that this product is built specifically for developers. Developers know you could build one of these easily for $100- unless this is some miracle terahash chip, that is.

[adamstgBit]

https://21.co/

http://blogs.wsj.com/moneybeat/2015/09/21/21-inc-releases-first-product-a-bitcoin-computer/

 

A wobbly Raspberry Pi?

Can someone explain to me why this isn't the dead end I think it is?

I don't understand it either.

Raspberri pi:  $38
63 GH/s antminer U3: $20
64GB SD card: $20


21 microcomputer: $400???

For everything else, there's Mastercard_TM

Is this company just an elaborate troll? Srs question

What's even dumber is that this product is built specifically for developers. Developers know you could build one of these easily for $100- unless this is some miracle terahash chip, that is.

well it comes with 128GB which alone cost ~100$
then the mining chip
and stuff
i guess 400$ is a "fair price"
i mean it's like a fancy Hardware wallet you can program, plus it a full node, plus it to makes some Bitcents constantly.
I don't hate it.

[Cconvert2G36]

Is this company just an elaborate troll? Srs question

What's even dumber is that this product is built specifically for developers. Developers know you could build one of these easily for $100- unless this is some miracle terahash chip, that is.

well it comes with 128GB which alone cost ~100$
then the mining chip
and stuff
i guess 400$ is a "fair price"
i mean it's like a fancy Hardware wallet you can program, plus it a full node, plus it to makes some Bitcents constantly.
I don't hate it.

$70 for a 128GB SD.

Maybe you're thinking in loonies...  

The mining chip is better than bitmain s5, worse than bitmain s7, but still so tiny as to be pretty inconsequential.

I certainly hope they, (or whomever might buy these things) devise some kind of compelling use case. I sincerely hope that happens. I'm underwhelmed so far... Not even a fancy industrial design vanity case?

All this IoT hype seems less likely to happen vs companies who want to use the blockchain now (and pay fees), cough, fidelity, but can't/won't due to lack of clarity on the move past 2.7tps.  

[adamstgBit]

Is this company just an elaborate troll? Srs question

What's even dumber is that this product is built specifically for developers. Developers know you could build one of these easily for $100- unless this is some miracle terahash chip, that is.

well it comes with 128GB which alone cost ~100$
then the mining chip
and stuff
i guess 400$ is a "fair price"
i mean it's like a fancy Hardware wallet you can program, plus it a full node, plus it to makes some Bitcents constantly.
I don't hate it.

$70 for a 128GB SD.

Maybe you're thinking in loonies...  

The mining chip is better than bitmain s5, worse than bitmain s7, but still so tiny as to be pretty inconsequential.

I certainly hope they, (or whomever might buy these things) devise some kind of compelling use case. I sincerely hope that happens. I'm underwhelmed so far... Not even a fancy industrial design vanity case?

All this IoT hype seems less likely to happen vs companies who want to use the blockchain now (and pay fees), cough, fidelity, but can't/won't due to lack of clarity on the move past 2.7tps.  

yes loonies...
the mining chip will pop out ~1cent per hour
which might pay for its energy usage ( lol MAYBE! )
at which point you have a full node that pays for itself
ya the usefulness is kinda ...meh...
i wonder how programmable they are, looking quickly its main use seems be to serve up webpages to "sells digital content" kinda weird.
these little machines autonomously make money online, magically!
This is the beginnings of skynet?


                Buy 21 bitcoins or die!

[ChartBuddy]

Coin
Explanation

[premium_domainer]

sad to see there is no move towards up....       

[billyjoeallen]

https://21.co/

http://blogs.wsj.com/moneybeat/2015/09/21/21-inc-releases-first-product-a-bitcoin-computer/

 

A wobbly Raspberry Pi?

Can someone explain to me why this isn't the dead end I think it is?

I don't understand it either.

Raspberri pi:  $38
63 GH/s antminer U3: $20
64GB SD card: $20


21 microcomputer: $400???

For everything else, there's Mastercard_TM

Is this company just an elaborate troll? Srs question

What's even dumber is that this product is built specifically for developers. Developers know you could build one of these easily for $100- unless this is some miracle terahash chip, that is.

well it comes with 128GB which alone cost ~100$
then the mining chip
and stuff
i guess 400$ is a "fair price"
i mean it's like a fancy Hardware wallet you can program, plus it a full node, plus it to makes some Bitcents constantly.
I don't hate it.

  Adam, you can buy 128 GB sdcards for $20, especially if you buy them in bulk which 21 would do.

https://www.google.com/?gws_rd=ssl#q=128gb+sd+card&tbs=cat:3387,pdtr0:763301%7C763305,pdtr1:727606%7C128%24128,vw:l,p_ord:p&tbm=shop&spd=5773807439637093095

https://www.google.com/?gws_rd=ssl#q=128gb+sd+card&tbs=cat:3387,pdtr0:763301%7C763305,pdtr1:727606%7C128%24128,vw:l,p_ord:p&tbm=shop&spd=14489193896983823315

[billyjoeallen]

The mining chip is better than bitmain s5, worse than bitmain s7, but still so tiny as to be pretty inconsequential.

I certainly hope they, (or whomever might buy these things) devise some kind of compelling use case. I sincerely hope that happens. I'm underwhelmed so far... Not even a fancy industrial design vanity case?

All this IoT hype seems less likely to happen vs companies who want to use the blockchain now (and pay fees), cough, fidelity, but can't/won't due to lack of clarity on the move past 2.7tps.  

The business model seems to be to create some sort of premium channel internet, like HBO for the web, complete with cable bill.  Everybody charges for content they get, and gets paid for content they provide.

This part is interesting. From the FAQ:

Does 21 take a portion of my mined bitcoin?
No, we are not taking a portion of your mined bitcoin. If anything, users who are good participants in the network - by doing things like running full nodes and buying/selling digital goods - will receive much more bitcoin than they would by simply running a mining device alone.

getting paid for running a full node would greatly increase the security and decentralization of the  network.

What is left unsaid is that at the current megawatt power consumption of the network, each transaction costs about $4 unsubsidized, so microtransactions can't be ultimately viable without a block size increase.

[RoadStress]

So many narrow minds in this topic. Can't you think of anything else than ROI? I understand that this is top priority in everyone's life, but you just can't apply it to EVERYTHING.

[billyjoeallen]

The first thing I would do if I got a 21 pc would be to try and hack it to run on a different mining pool. Or no pool if running a full node, kind of like buying a lottery ticket.

[billyjoeallen]

So many narrow minds in this topic. Can't you think of anything else than ROI? I understand that this is top priority in everyone's life, but you just can't apply it to EVERYTHING.

Um, yes you can. What are you, a commie?  It doesn't always have to be a financial ROI, but my time, money and effort are either invested or wasted to one degree or another. So is yours.

[billyjoeallen]

if 21 is successful in building this premium internet, the blockchain is going to bloat massively. A blockchain transaction for every pageview. Even BIP101 wouldn't keep up.  Perhaps that's why they support BIP100. They want to increase the blocksize limit FASTER with miner voting.  

and the plot thickens...

[aztecminer]

should named it the 27 club for bitfinex wall holds 227 again...