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

[adamstgBit]

nice little launch this evening.

think it'll hold past monday?

i'll bet my entire btc supply that it won't!

(that's 5,242 WHOLE satoshi's!)

wtf you have no more coins? O_o? why why why would you have no more coins?

sold most around $100 due to unemployment. since 2008, i've only had a job last more then 6 months twice. last gig was going well, but got laid off dec. 9, day after my birthday...

it's been a rough patch.

got married in sept 2015 though, which is nice.

oh i c.
well congratulations, hope you get back to work soon, best wishes.

as for your "this price increase won't stick" comment

i'd disagree

short of a full on war breaking out ( >51% >33% hashing power switching to classic = full on war going on )

i don't see wtf is going to kill price, so much FUD the past few days and price was flat. what's it going to take to kill price??? WAR, thats what.

[1714732072]

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[1714732072]

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[Cconvert2G36]

One reason solominers have an incentive over large miners deals with security. Having a few miners (or many) that use excess free waste electricity in a private domicile can be more secure than a large warehouse which has added risks from theft , fire hazard, acts of nature destroying the investment, tax authorities looking to steal profits, ect,...

Right now many industrial miners are enjoying a brief window of calm besides a warehouse or 2 burning down on occasion... But what happens when the Chinese government starts looking into the secret agreements those miners are making for discounted hydro power and what happens when the tax authorities start auditing these mining companies?

The bottom line is no one knows for sure if the trend towards mining centralization will continue or not and their are incentives either way ... but some of us haven't given up on bitcoin and still exploring solutions.

One large disadvantage for a solominer is variance... especially if you are less than petahashes, and those mines are not hidden.

Like it or not, these huge, known, warehouses run the security of the Bitcoin network... which is why the extreme reluctance to allow 2MB blocks is extra silly. Why not just switch to keccak already, if censorship resistance is #1 goal?

Hint: it's not, and on-chain scarcity subsidizing rube goldberg styled "solutions" is the real gameplan

[BlindMayorBitcorn]

nice little launch this evening.

think it'll hold past monday?

i'll bet my entire btc supply that it won't!

(that's 5,242 WHOLE satoshi's!)

wtf you have no more coins? O_o? why why why would you have no more coins?

sold most around $100 due to unemployment. since 2008, i've only had a job last more then 6 months twice. last gig was going well, but got laid off dec. 9, day after my birthday...

it's been a rough patch.

got married in sept 2015 though, which is nice.

oh i c.
well congratulations, hope you get back to work soon, best wishes.

as for your "this price increase won't stick" comment

i'd disagree

short of a full on war breaking out ( >51% >33% hashing power switching to classic = full on war going on )

i don't see wtf is going to kill price, so much FUD the past few days and price was flat. what's it going to take to kill price??? WAR, thats what.

https://bitcointalk.org/index.php?topic=1311502.msg13987810#msg13987810

 

[ChartBuddy]

Coin



Explanation

[arklan]

nice little launch this evening.

think it'll hold past monday?

i'll bet my entire btc supply that it won't!

(that's 5,242 WHOLE satoshi's!)

wtf you have no more coins? O_o? why why why would you have no more coins?

sold most around $100 due to unemployment. since 2008, i've only had a job last more then 6 months twice. last gig was going well, but got laid off dec. 9, day after my birthday...

it's been a rough patch.

got married in sept 2015 though, which is nice.

oh i c.
well congratulations, hope you get back to work soon, best wishes.

as for your "this price increase won't stick" comment

i'd disagree

short of a full on war breaking out ( >51% >33% hashing power switching to classic = full on war going on )

i don't see wtf is going to kill price, so much FUD the past few days and price was flat. what's it going to take to kill price??? WAR, thats what.

make no mistake, i have no logical reason to think it'll drop. just seems so stuck here, ya know?

[BitUsher]

One large disadvantage for a solominer is variance... especially if you are less than petahashes, and those mines are not hidden.

We are working on making p2pool better and keep in mind that I'm using free electricity.

[Cconvert2G36]

One large disadvantage for a solominer is variance... especially if you are less than petahashes, and those mines are not hidden.

We are working on making p2pool better.

You and jtoomim?

EDIT: yes, I will keep in mind you are using free electricity  

[arklan]

One large disadvantage for a solominer is variance... especially if you are less than petahashes, and those mines are not hidden.

We are working on making p2pool better.

someone remind me why p2pool hasn't been built into core as a BIP yet? i know, hard fork. but, really. why not? this assumes a reliably working implementation, of course. i know it's struggled in the past.

[adamstgBit]

nice little launch this evening.

think it'll hold past monday?

i'll bet my entire btc supply that it won't!

(that's 5,242 WHOLE satoshi's!)

wtf you have no more coins? O_o? why why why would you have no more coins?

sold most around $100 due to unemployment. since 2008, i've only had a job last more then 6 months twice. last gig was going well, but got laid off dec. 9, day after my birthday...

it's been a rough patch.

got married in sept 2015 though, which is nice.

oh i c.
well congratulations, hope you get back to work soon, best wishes.

as for your "this price increase won't stick" comment

i'd disagree

short of a full on war breaking out ( >51% >33% hashing power switching to classic = full on war going on )

i don't see wtf is going to kill price, so much FUD the past few days and price was flat. what's it going to take to kill price??? WAR, thats what.

https://bitcointalk.org/index.php?topic=1311502.msg13987810#msg13987810

 

lol wtf is this? i don't even...

[BitUsher]

someone remind me why p2pool hasn't been built into core as a BIP yet? i know, hard fork. but, really. why not? this assumes a reliably working implementation, of course. i know it's struggled in the past.

Agreed with the sentiment , but these are complex and difficult problems to solve....Keep in mind that many ideas and solutions have been discussed for 5-6 years but finding the right balance and doing the appropriate testing takes time. ZKCPs is a really old concept that just recently been demonstrated for the first time within Bitcoin today.

[arklan]

someone remind me why p2pool hasn't been built into core as a BIP yet? i know, hard fork. but, really. why not? this assumes a reliably working implementation, of course. i know it's struggled in the past.

Agreed with the sentiment , but these are complex and difficult problems to solve....Keep in mind that many ideas and solutions have been discussed for 5-6 years but finding the right balance and doing the appropriate testing takes time. ZKCPs is a really old concept that just recently been demonstrated for the first time within Bitcoin today.

as someone who considered helping test bitcoin core at one point, that is strongly understood...

[JayJuanGee]

nice little launch this evening.

think it'll hold past monday?

i'll bet my entire btc supply that it won't!

(that's 5,242 WHOLE satoshi's!)

wtf you have no more coins? O_o? why why why would you have no more coins?

sold most around $100 due to unemployment. since 2008, i've only had a job last more then 6 months twice. last gig was going well, but got laid off dec. 9, day after my birthday...

it's been a rough patch.

got married in sept 2015 though, which is nice.

There's no real excuse though... especially if overall you believe in the possibility of bitcoin.

Living within your means, and dollar cost averaging of even $20 per month would have gotten you around $600 worth of bitcoin over about 30 months... Maybe that would be somewhere between 1.5 btc and 2btc...

Never too late...

therefore, start your $20 per month dollar cost averaging now... or any other amount that you believe is reasonably within your means.

[adamstgBit]

i'd disagree

short of a full on war breaking out ( >51% >33% hashing power switching to classic = full on war going on )

i don't see wtf is going to kill price, so much FUD the past few days and price was flat. what's it going to take to kill price??? WAR, thats what.

make no mistake, i have no logical reason to think it'll drop. just seems so stuck here, ya know?

don't trust your feelings, >32,000 <2years! is still possible

all we need is 1 miracle or 400billion dollars

[arklan]

heh. i'd be fine with 400 million.

heck, 400,000...

400? ...yea, i'd take it.

[ChartBuddy]

Coin



Explanation

[adamstgBit]

it would be interesting if someone could do some maths to see about how much money it would take to pump bitcoin to 32,000$
32,000$ implies a market cap of ~488,160,000,000$
but obviously it wouldn't require 400Billion to pump it that high.

[arklan]

it would be interesting if someone could do some maths to see about how much money it would take to pump bitcoin to 32,000$
32,000$ implies a market cap of ~488,160,000,000$
but obviously it wouldn't require 400Billion to pump it that high.

no way to know what kind of bid walls would go up along the way, seems impossible to predict as a result. would be one hell of a show, though.

[adamstgBit]

it would be interesting if someone could do some maths to see about how much money it would take to pump bitcoin to 32,000$
32,000$ implies a market cap of ~488,160,000,000$
but obviously it wouldn't require 400Billion to pump it that high.

no way to know what kind of bid walls would go up along the way, seems impossible to predict as a result. would be one hell of a show, though.

for fun.

assuming about 1/2 of ALL the coins would be sold to the pumper along the way.
assuming these coins would be sold at an avg price of 10,000$

we need to see 76,275,000,000$ flow into the market in order to hit a high of 32,000$

76Billion dollars

[chesthing]

it would be interesting if someone could do some maths to see about how much money it would take to pump bitcoin to 32,000$
32,000$ implies a market cap of ~488,160,000,000$
but obviously it wouldn't require 400Billion to pump it that high.

no way to know what kind of bid walls would go up along the way, seems impossible to predict as a result. would be one hell of a show, though.

for fun.

assuming about 1/2 of ALL the coins would be sold to the pumper along the way.
assuming these coins would be sold at an avg price of 10,000$

we need to see 76,275,000,000$ flow into the market in order to hit a high of 32,000$

76Billion dollars

The only way bitcoin will ever come close to 32k is through honest to goodness mainsteam adoption - no pumper or pump group could ever come close. The pumpers would long since been bought the fuck out.

[aminorex]

time for a monkey report.  monkey thinks this is a good time for a small correction,on a daily chart, but anticipates a continuing weekly, monthly uptrend during the coming 2-3 months, with a possible correction shortly before halving time (which seems unlikely to me personally, or should be minor, at least).