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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25463131 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (157 posts by 13+ users deleted.)
sirazimuth
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February 21, 2018, 04:51:20 PM

I'd be quite happy with lower temperatures. Winter is more enjoyable with proper powder snow, and summer wouldn't make me stay inside 24/7 if it didn't cause me to sweat all fucking day.

On that note, I've read about an upcoming mini ice age a few times. Is there any recent update on that that confirms or rejects it?

Vast question.

- climate is whether over 30 years. So it's too soon to tell.
- There was a global warming during the last 100 years of about 0.1°C/10years
- No more warming since 1998, once you remove El Nino/LaNina effects (which cancel each other in time)
- Sun is probably having a period of low activity, that doesn't change much the energy it sends to us, but less activity (= less spots) means less magnetic field, means more cosmic rays reaching our atmosphere, meaning more seeded clouds, thus more albedo and then cold coming in... but this is still a theory
- look here for the latest temps : https://moyhu.blogspot.fr/p/latest-ice-and-temperature-data.html#NCAR
- best site ever for these questions : https://wattsupwiththat.com/

- last but not least : cold kills; warm weather makes our life easier.


Child support,climate change rabbit holes...meh...
The “teach the controversy “/Creationism/ID lunacy is far more fun imo.
Like shooting fish in a barrel....
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Torque
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February 21, 2018, 04:54:09 PM

...
3. Another impending bullish development, like a sudden Bitcoin ETF announcement that comes out of nowhere. Though, expect massive FUD and volatility in the months leading up to such a surprise. The insiders will know about it 6-8 months in advance.
...

Will the buy of 344 million a signal?

https://www.infowars.com/bitcoin-surging-after-mystery-trader-buys-344-million-in-cryptocurrency/

No, it's not. A mega whale dumping/shorting into their own buy walls is not a bullish signal in and of itself. It only signifies a new bottom, that could just be interim. Only time will tell.
xhomerx10
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February 21, 2018, 04:59:50 PM

Good morning Bitcoinland.

I see we've had a dip/correction back to where we were the day before yesterday... currently $19463USD/$13250CAD (Bitcoinaverage).

It's certainly not a buyable dip in my estimation, but it does serve as a healthy  correction just when things were starting to heat up a little too fast.

We don't need bubbles. We need sustained growth.

 I like your optimism Jimbo.  Unfortunately the loonie has not appreciated that much against the greenback yet!
Toxic2040
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February 21, 2018, 04:59:59 PM
Merited by Torque (1)

Just so some of you newer guys understand, the deep pocket momentum traders that got in and out Nov '17 - Jan '18 are now gone.

Sure they still might have a long position, and may be incrementally buying, but in terms of mega volatility swing trading they won't be back with deep money until one or more of the following happens:

1. Most small investors and guppie traders lose interest from lack of price action/ boredom and move on

2. Technicals show a true long term bottoming out (a cup formation)

3. Another impending bullish development, like a sudden Bitcoin ETF announcement that comes out of nowhere. Though, expect massive FUD and volatility in the months leading up to such a surprise. The insiders will know about it 6-8 months in advance.

Keep in mind that in the interim, we could literally drift sideways for a year+.
Sorry Torgue...I disagree. I alluded to this awhile ago. You can feel the difference in market dynamics compared to pre-2017. Where as before we used to see huge volatility in the hourly charts now the price moves are very methodical. Cushioned is the word I think I used. The sure sign of deep pocket money accumulating on low volume imo.
Ibian
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February 21, 2018, 05:01:54 PM

I'd be quite happy with lower temperatures. Winter is more enjoyable with proper powder snow, and summer wouldn't make me stay inside 24/7 if it didn't cause me to sweat all fucking day.

On that note, I've read about an upcoming mini ice age a few times. Is there any recent update on that that confirms or rejects it?

Vast question.

- climate is whether over 30 years. So it's too soon to tell.
- There was a global warming during the last 100 years of about 0.1°C/10years
- No more warming since 1998, once you remove El Nino/LaNina effects (which cancel each other in time)
- Sun is probably having a period of low activity, that doesn't change much the energy it sends to us, but less activity (= less spots) means less magnetic field, means more cosmic rays reaching our atmosphere, meaning more seeded clouds, thus more albedo and then cold coming in... but this is still a theory
- look here for the latest temps : https://moyhu.blogspot.fr/p/latest-ice-and-temperature-data.html#NCAR
- best site ever for these questions : https://wattsupwiththat.com/

- last but not least : cold kills; warm weather makes our life easier.
Keeping in mind of course that things like math is still a theory. Hypothesis may be a better term.

Also also keeping in mind that it's the left that are going on about the weather.
Torque
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February 21, 2018, 05:05:04 PM

Sorry Torgue...I disagree. I alluded to this awhile ago. You can feel the difference in market dynamics compared to pre-2017. Where as before we used to see huge volatility in the hourly charts now the price moves are very methodical. Cushioned is the word I think I used. The sure sign of deep pocket money accumulating on low volume imo.

Well I kinda implied that accumulation may be happening on the dl, but that doesn't mean that we're going to hit a new ATH in a month or two like people are expecting. They could accumulate like this for 6-8 months, hell even a year+. And we might see nothing but a sideways movement with a slight upward drift during that whole time.
flynn
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February 21, 2018, 05:14:17 PM


Keeping in mind of course that things like math is still a theory. Hypothesis may be a better term.

Blame my poor English skills

Also also keeping in mind that it's the left that are going on about the weather.

Yes, the matter is highly political. leftists and globalists uses this as FUD to promote their agenda.
What bugs me the most is that they falsify science to do that.
BTCMILLIONAIRE
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February 21, 2018, 05:15:43 PM

I'd be quite happy with lower temperatures. Winter is more enjoyable with proper powder snow, and summer wouldn't make me stay inside 24/7 if it didn't cause me to sweat all fucking day.

On that note, I've read about an upcoming mini ice age a few times. Is there any recent update on that that confirms or rejects it?

Vast question.

- climate is whether over 30 years. So it's too soon to tell.
- There was a global warming during the last 100 years of about 0.1°C/10years
- No more warming since 1998, once you remove El Nino/LaNina effects (which cancel each other in time)
- Sun is probably having a period of low activity, that doesn't change much the energy it sends to us, but less activity (= less spots) means less magnetic field, means more cosmic rays reaching our atmosphere, meaning more seeded clouds, thus more albedo and then cold coming in... but this is still a theory
- look here for the latest temps : https://moyhu.blogspot.fr/p/latest-ice-and-temperature-data.html#NCAR
- best site ever for these questions : https://wattsupwiththat.com/

- last but not least : cold kills; warm weather makes our life easier.
Keeping in mind of course that things like math is still a theory. Hypothesis may be a better term.

Also also keeping in mind that it's the left that are going on about the weather.
All of science and anything empirical is ultimately a hypothesis. No amount confirmations (that turns things into theories and laws in academia) can guarantee with certainty that we've figured something out, rather than just witnessing an infinitely unlikely event.

Nonetheless, I wouldn't be surprised in the least if industrialization had an impact on global weather patterns. In chaotic system even the tiniest perturbation can trigger massive macroscopical changes.

However, I'm not quite convinced yet about us having any significant impact either for two reasons. Namely, I haven't studied the papers so I can't possibly know if there are any systematic errors, and I see too much bullshit going on in the media to not be heavily sceptical. I do lean towards human emissions of CO2 causing changes in climate, mostly because I've worked with people who study precisely that, but even if that turned out true I wouldn't be all that worried about it. Capitalism will come to the rescue and figure out a way to keep us nice and cozy regardless of weather conditions. With nuclear fusion pretty much around the corner energy won't be a concern and with that sorted out the overall state of the planet should be irrelevant. Things might change drastically (e.g. underground, on- and/or underwater or shielded off cities with indoor farming), but I don't see humans disappearing unless we nuke ourselves to hell or get wiped out by some rogue asteroid.
JimboToronto
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February 21, 2018, 05:16:03 PM

Good morning Bitcoinland.

I see we've had a dip/correction back to where we were the day before yesterday... currently $19463USD/$13250CAD (Bitcoinaverage).

It's certainly not a buyable dip in my estimation, but it does serve as a healthy  correction just when things were starting to heat up a little too fast.

We don't need bubbles. We need sustained growth.

 I like your optimism Jimbo.  Unfortunately the loonie has not appreciated that much against the greenback yet!


Oops, typo. Fixed.

Just woke up. I should probably wait until my first coffee before posting.

$10463USD it is. Or was.

Greenbacks? I'm actually more concerned with loonies and pesos these days. There's little I use USD for.
BTCMILLIONAIRE
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February 21, 2018, 05:17:55 PM

Sorry Torgue...I disagree. I alluded to this awhile ago. You can feel the difference in market dynamics compared to pre-2017. Where as before we used to see huge volatility in the hourly charts now the price moves are very methodical. Cushioned is the word I think I used. The sure sign of deep pocket money accumulating on low volume imo.

Well I kinda implied that accumulation may be happening on the dl, but that doesn't mean that we're going to hit a new ATH in a month or two like people are expecting. They could accumulate like this for 6-8 months, hell even a year+. And we might see nothing but a sideways movement with a slight upward drift during that whole time.
I don't really expect any ATH until mid to late summer. Wouldn't really mind it much later either though. The longer BTC stays low the easier it is to collect more, and with prices heading into the 6 to 7 digits I'd prefer stocking up on more coins than having a larger fiat holding a lot earlier.
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February 21, 2018, 05:22:01 PM
Merited by edgar (1)


Keeping in mind of course that things like math is still a theory. Hypothesis may be a better term.

Blame my poor English skills

Also also keeping in mind that it's the left that are going on about the weather.

Yes, the matter is highly political. leftists and globalists uses this as FUD to promote their agenda.
What bugs me the most is that they falsify science to do that.
Lefties are pathological liars. Expect it.
Ibian
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February 21, 2018, 05:24:58 PM

I'd be quite happy with lower temperatures. Winter is more enjoyable with proper powder snow, and summer wouldn't make me stay inside 24/7 if it didn't cause me to sweat all fucking day.

On that note, I've read about an upcoming mini ice age a few times. Is there any recent update on that that confirms or rejects it?

Vast question.

- climate is whether over 30 years. So it's too soon to tell.
- There was a global warming during the last 100 years of about 0.1°C/10years
- No more warming since 1998, once you remove El Nino/LaNina effects (which cancel each other in time)
- Sun is probably having a period of low activity, that doesn't change much the energy it sends to us, but less activity (= less spots) means less magnetic field, means more cosmic rays reaching our atmosphere, meaning more seeded clouds, thus more albedo and then cold coming in... but this is still a theory
- look here for the latest temps : https://moyhu.blogspot.fr/p/latest-ice-and-temperature-data.html#NCAR
- best site ever for these questions : https://wattsupwiththat.com/

- last but not least : cold kills; warm weather makes our life easier.
Keeping in mind of course that things like math is still a theory. Hypothesis may be a better term.

Also also keeping in mind that it's the left that are going on about the weather.
All of science and anything empirical is ultimately a hypothesis. No amount confirmations (that turns things into theories and laws in academia) can guarantee with certainty that we've figured something out, rather than just witnessing an infinitely unlikely event.

Nonetheless, I wouldn't be surprised in the least if industrialization had an impact on global weather patterns. In chaotic system even the tiniest perturbation can trigger massive macroscopical changes.

However, I'm not quite convinced yet about us having any significant impact either for two reasons. Namely, I haven't studied the papers so I can't possibly know if there are any systematic errors, and I see too much bullshit going on in the media to not be heavily sceptical. I do lean towards human emissions of CO2 causing changes in climate, mostly because I've worked with people who study precisely that, but even if that turned out true I wouldn't be all that worried about it. Capitalism will come to the rescue and figure out a way to keep us nice and cozy regardless of weather conditions. With nuclear fusion pretty much around the corner energy won't be a concern and with that sorted out the overall state of the planet should be irrelevant. Things might change drastically (e.g. underground, on- and/or underwater or shielded off cities with indoor farming), but I don't see humans disappearing unless we nuke ourselves to hell or get wiped out by some rogue asteroid.
We were burning forests way before we burned coal and oil. In fact, any living creature affects the weather. I understand that at least one american state has legislation regarding cow farts.

But more importantly, co2 is not a pollutant. On the contrary, it's plant food. Which is food for everything else. The more co2, the more oxygen, the more life. It might just be a good thing.
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February 21, 2018, 05:31:30 PM

I'd be quite happy with lower temperatures. Winter is more enjoyable with proper powder snow, and summer wouldn't make me stay inside 24/7 if it didn't cause me to sweat all fucking day.

On that note, I've read about an upcoming mini ice age a few times. Is there any recent update on that that confirms or rejects it?

Vast question.

- climate is whether over 30 years. So it's too soon to tell.
- There was a global warming during the last 100 years of about 0.1°C/10years
- No more warming since 1998, once you remove El Nino/LaNina effects (which cancel each other in time)
- Sun is probably having a period of low activity, that doesn't change much the energy it sends to us, but less activity (= less spots) means less magnetic field, means more cosmic rays reaching our atmosphere, meaning more seeded clouds, thus more albedo and then cold coming in... but this is still a theory
- look here for the latest temps : https://moyhu.blogspot.fr/p/latest-ice-and-temperature-data.html#NCAR
- best site ever for these questions : https://wattsupwiththat.com/

- last but not least : cold kills; warm weather makes our life easier.
Keeping in mind of course that things like math is still a theory. Hypothesis may be a better term.

Also also keeping in mind that it's the left that are going on about the weather.
All of science and anything empirical is ultimately a hypothesis. No amount confirmations (that turns things into theories and laws in academia) can guarantee with certainty that we've figured something out, rather than just witnessing an infinitely unlikely event.

Nonetheless, I wouldn't be surprised in the least if industrialization had an impact on global weather patterns. In chaotic system even the tiniest perturbation can trigger massive macroscopical changes.

However, I'm not quite convinced yet about us having any significant impact either for two reasons. Namely, I haven't studied the papers so I can't possibly know if there are any systematic errors, and I see too much bullshit going on in the media to not be heavily sceptical. I do lean towards human emissions of CO2 causing changes in climate, mostly because I've worked with people who study precisely that, but even if that turned out true I wouldn't be all that worried about it. Capitalism will come to the rescue and figure out a way to keep us nice and cozy regardless of weather conditions. With nuclear fusion pretty much around the corner energy won't be a concern and with that sorted out the overall state of the planet should be irrelevant. Things might change drastically (e.g. underground, on- and/or underwater or shielded off cities with indoor farming), but I don't see humans disappearing unless we nuke ourselves to hell or get wiped out by some rogue asteroid.
We were burning forests way before we burned coal and oil. In fact, any living creature affects the weather. I understand that at least one american state has legislation regarding cow farts.

But more importantly, co2 is not a pollutant. On the contrary, it's plant food. Which is food for everything else. The more co2, the more oxygen, the more life. It might just be a good thing.

Plus more than 95% of c02 comes from natural sources not human influence. "Climate change" is bullshit. It's just cyclical and perfectly normal variance.
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February 21, 2018, 05:32:42 PM


We were burning forests way before we burned coal and oil. In fact, any living creature affects the weather. I understand that at least one american state has legislation regarding cow farts.


Have they made it illegal to have farting cows?
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February 21, 2018, 05:34:04 PM



There is more than one "it's happening"  doom meme around here, somewhere...
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February 21, 2018, 05:38:25 PM


We were burning forests way before we burned coal and oil. In fact, any living creature affects the weather. I understand that at least one american state has legislation regarding cow farts.

But more importantly, co2 is not a pollutant. On the contrary, it's plant food. Which is food for everything else. The more co2, the more oxygen, the more life. It might just be a good thing.

I totally agree with this. CO2 is a good gas. Earth is greening because of it and people stop dying from starvation.

What convinced me is that CO2 absorbs all the energy in its absorption bands after 10 meters of travel in the atmosphere.
So if you double the CO2, you just make this number becoming 5 meters, and nothing warms up more than it does already.

 
BTCMILLIONAIRE
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February 21, 2018, 05:39:06 PM

I'd be quite happy with lower temperatures. Winter is more enjoyable with proper powder snow, and summer wouldn't make me stay inside 24/7 if it didn't cause me to sweat all fucking day.

On that note, I've read about an upcoming mini ice age a few times. Is there any recent update on that that confirms or rejects it?

Vast question.

- climate is whether over 30 years. So it's too soon to tell.
- There was a global warming during the last 100 years of about 0.1°C/10years
- No more warming since 1998, once you remove El Nino/LaNina effects (which cancel each other in time)
- Sun is probably having a period of low activity, that doesn't change much the energy it sends to us, but less activity (= less spots) means less magnetic field, means more cosmic rays reaching our atmosphere, meaning more seeded clouds, thus more albedo and then cold coming in... but this is still a theory
- look here for the latest temps : https://moyhu.blogspot.fr/p/latest-ice-and-temperature-data.html#NCAR
- best site ever for these questions : https://wattsupwiththat.com/

- last but not least : cold kills; warm weather makes our life easier.
Keeping in mind of course that things like math is still a theory. Hypothesis may be a better term.

Also also keeping in mind that it's the left that are going on about the weather.
All of science and anything empirical is ultimately a hypothesis. No amount confirmations (that turns things into theories and laws in academia) can guarantee with certainty that we've figured something out, rather than just witnessing an infinitely unlikely event.

Nonetheless, I wouldn't be surprised in the least if industrialization had an impact on global weather patterns. In chaotic system even the tiniest perturbation can trigger massive macroscopical changes.

However, I'm not quite convinced yet about us having any significant impact either for two reasons. Namely, I haven't studied the papers so I can't possibly know if there are any systematic errors, and I see too much bullshit going on in the media to not be heavily sceptical. I do lean towards human emissions of CO2 causing changes in climate, mostly because I've worked with people who study precisely that, but even if that turned out true I wouldn't be all that worried about it. Capitalism will come to the rescue and figure out a way to keep us nice and cozy regardless of weather conditions. With nuclear fusion pretty much around the corner energy won't be a concern and with that sorted out the overall state of the planet should be irrelevant. Things might change drastically (e.g. underground, on- and/or underwater or shielded off cities with indoor farming), but I don't see humans disappearing unless we nuke ourselves to hell or get wiped out by some rogue asteroid.
We were burning forests way before we burned coal and oil. In fact, any living creature affects the weather. I understand that at least one american state has legislation regarding cow farts.

But more importantly, co2 is not a pollutant. On the contrary, it's plant food. Which is food for everything else. The more co2, the more oxygen, the more life. It might just be a good thing.
I don't deny the possibility of that, since it would make sense. But our ecosystem is way more complex and has more knobs and dials that interact with each other than just CO2 and oxygen.

I'm not sure how familiar you are with population models, but there could very well be a point beyond which everything tips and triggers a reaction in the opposite direction.
E.g. more CO2 = more life, then at some point there's too much CO2 = less life, be it due to primary (an upper limit on how much can be held or used) or due to side effects (effects of increased CO2 on other parts of the ecosystem) of the increase in CO2 in the atmosphere.
Humans can easily die from drinking too much water at once, so "more oxygen" might not be an unequivocally good thing either (too much of it would eventually increase the pressure which can be fatal even without any other effects on the ecosystem).
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February 21, 2018, 05:40:49 PM

What is the cost of bitcoin in energy since now? In $ and energy units?



For Pow the solution goes with 0 energy chips... but when? PoS has a point...

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February 21, 2018, 05:42:43 PM

Keep in mind that in the interim, we could literally drift sideways for a year+.

Could be. I'm mentally preparing myself for a very boring 2018. As long as we're reaching 40k-50k somewhere in 2019...
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February 21, 2018, 05:42:58 PM

The climate change garbage in here talking to someone who doesn't understand bitcoin but thinks they do.
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