Bitcoin Forum
March 19, 2024, 03:21:45 AM *
News: Latest Bitcoin Core release: 26.0 [Torrent]
 
   Home   Help Search Login Register More  
Poll
Question: What happens first:
$65,000 - 59 (86.8%)
$48,000 - 9 (13.2%)
Total Voters: 68

Pages: « 1 ... 20681 20682 20683 20684 20685 20686 20687 20688 20689 20690 20691 20692 20693 20694 20695 20696 20697 20698 20699 20700 20701 20702 20703 20704 20705 20706 20707 20708 20709 20710 20711 20712 20713 20714 20715 20716 20717 20718 20719 20720 20721 20722 20723 20724 20725 20726 20727 20728 20729 20730 [20731] 20732 20733 20734 20735 20736 20737 20738 20739 20740 20741 20742 20743 20744 20745 20746 20747 20748 20749 20750 20751 20752 20753 20754 20755 20756 20757 20758 20759 20760 20761 20762 20763 20764 20765 20766 20767 20768 20769 20770 20771 20772 20773 20774 20775 20776 20777 20778 20779 20780 20781 ... 33173 »
  Print  
Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26330447 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. (170 posts by 1 users with 9 merit deleted.)
Biodom
Legendary
*
Offline Offline

Activity: 3696
Merit: 3780



View Profile
July 15, 2018, 10:41:20 PM

lol

nobody is going to stop mining

fool me once...shame on...shame on you...fool me, can't get fooled again



2% already did, presumably, or more accurately, 2% of hashing rate retired (temporarily or permanently).
There might be another 10% in the next mo if price stays the same.
1710818505
Hero Member
*
Offline Offline

Posts: 1710818505

View Profile Personal Message (Offline)

Ignore
1710818505
Reply with quote  #2

1710818505
Report to moderator
1710818505
Hero Member
*
Offline Offline

Posts: 1710818505

View Profile Personal Message (Offline)

Ignore
1710818505
Reply with quote  #2

1710818505
Report to moderator
The forum strives to allow free discussion of any ideas. All policies are built around this principle. This doesn't mean you can post garbage, though: posts should actually contain ideas, and these ideas should be argued reasonably.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1710818505
Hero Member
*
Offline Offline

Posts: 1710818505

View Profile Personal Message (Offline)

Ignore
1710818505
Reply with quote  #2

1710818505
Report to moderator
Searing
Copper Member
Legendary
*
Offline Offline

Activity: 2898
Merit: 1459


Clueless!


View Profile
July 15, 2018, 10:53:31 PM

lol

nobody is going to stop mining

fool me once...shame on...shame on you...fool me, can't get fooled again



2% already did, presumably, or more accurately, 2% of hashing rate retired (temporarily or permanently).
There might be another 10% in the next mo if price stays the same.

LTC is gonna take a hit here soon.....all scrypt-pow coins IMHO....

right now ..at current LTC and pow-scrypt prices the hardware that has 90% of scrypt pow miners still mining..including LTC

is the Bitmain L3+...well, if 90% of the miners that exist for scrypt-pow are by Bitmain and they say 1/2 can't cover electric

at these prices..they all go off at the same time...the catch is eventually if it is NOT working for some (the preimer miners) and

eventually difficulty passes that make sense to mine scrypt-pow...there are NO other miners to replace...all scrypt-pow would

then centralize to bitmain and they also will have 51% of LTC network

thats the catch...no other miners to replace..then centralization ramps up big time

add to the fact of the 'supposed' bitmain miner with 3x the capacity and same watts more or less..and the usual bitmain process

of mining like hell for 4-5 months before offering it to the public..you could see a complete clean slate of equipment wiped out

with the only option (in scrypt pow) of buying dubious bitmain equipment because those 90% now L3+'s still mining would then

be kaput

would be dumb IMHO for bitmain to do that..but monoplies usually eat their young and do stupid stuff..

so expect this coming down the pike...no advantage to current L3+ owners if the conditions become ripe for all to shut off

and new equip exclusively to bitmain for the next 4-5 months would pretty much take care of that..

we will see...sold all my bitmain L3+'s and I'm out now....not gonna play their game..if such a 3x the speed unit exists

I see a hit coming in this area...can't help btc price either these kinda games

hope I am incorrect about the suspected new equip and the games above but bitmain has done this kinda thing before

Syke
Legendary
*
Offline Offline

Activity: 3878
Merit: 1190


View Profile
July 15, 2018, 11:45:44 PM

Before difficulty adjusts, time passes. If fast enough drop in hashing occurs, instead of adjusting, tx would have difficulty being mined (for a significant time period).
By the time you could use your laptop again the value would be in the single $, presumably.

We've never had to endure a mining bear market. Repeated drops in difficulty would be painful.
jojo69
Legendary
*
Offline Offline

Activity: 3122
Merit: 4271


diamond-handed zealot


View Profile
July 15, 2018, 11:57:00 PM

Before difficulty adjusts, time passes. If fast enough drop in hashing occurs, instead of adjusting, tx would have difficulty being mined (for a significant time period).
By the time you could use your laptop again the value would be in the single $, presumably.

We've never had to endure a mining bear market. Repeated drops in difficulty would be painful.

please god

let it happen in the winter time
jbreher
Legendary
*
Offline Offline

Activity: 3038
Merit: 1660


lose: unfind ... loose: untight


View Profile
July 16, 2018, 12:11:15 AM

PS the miners were never intended on being a separate group from the users.

“The design supports letting users just be users.  The more burden it is to run a node, the fewer nodes there will be.  Those few nodes will be big server farms.  The rest will be client nodes that only do transactions and don’t generate.”
     - sn

Quote
Satoshi didn’t foresee ASICs. 

“At first, most users would run network nodes, but as the network grows beyond a certain point, it would be left more and more to specialists with server farms of specialized hardware.”
    - sn
Rosewater Foundation
Sr. Member
****
Offline Offline

Activity: 392
Merit: 254



View Profile
July 16, 2018, 12:18:26 AM




Is this too subtle?
yefi
Legendary
*
Offline Offline

Activity: 2842
Merit: 1494



View Profile
July 16, 2018, 12:43:37 AM

Before difficulty adjusts, time passes. If fast enough drop in hashing occurs, instead of adjusting, tx would have difficulty being mined (for a significant time period).
By the time you could use your laptop again the value would be in the single $, presumably.

We've already had two halvenings, a hardfork with bcash and 80-90% drops in price and this "heat death" scenario has never materialised.
V1lpu
Member
**
Offline Offline

Activity: 332
Merit: 12


View Profile
July 16, 2018, 01:07:58 AM

Biodom
Legendary
*
Offline Offline

Activity: 3696
Merit: 3780



View Profile
July 16, 2018, 01:08:14 AM

Before difficulty adjusts, time passes. If fast enough drop in hashing occurs, instead of adjusting, tx would have difficulty being mined (for a significant time period).
By the time you could use your laptop again the value would be in the single $, presumably.

We've already had two halvenings, a hardfork with bcash and 80-90% drops in price and this "heat death" scenario has never materialised.

Perhaps, and I hope so (that it stays this way);
I was just pointing out to two groups of posters (pure hodlers and pretty picture TA guys) that there is a price sensitive component (mining) that, in my opinion, is being stressed right now. My suggestion is to buy more btc if you want your btc to persevere.
Simple HODLing won't work.
Searing
Copper Member
Legendary
*
Offline Offline

Activity: 2898
Merit: 1459


Clueless!


View Profile
July 16, 2018, 01:20:24 AM



yeah...what I figure..took 1/2 of my BTC and Crypto and 1/2 of my traditional stocks etc and IF I manage

to continue to stay out of debt (and house is paid) I can slide by on my usual 35K salary I had before I retired

in Jan 2018 (3 years early) and same with alts and such till at least 65 years and have another small work IRA

to get me thru that last year to full retire at 66 years, and keep my BTC and maybe some alts in the process.

Also at 65 you can take medicade thus that is another 14k saved a year too boot...

so i can slide...thru what I see as a complete sh*tstorm in the next 3-5 years

so pay off your j.c. penny card, get new tires, neuter the cat, get some debt down ANYTHING before this

all happens...so at least if it does go kaput with a nice deep 40% correction you can say at least i did xxxy

of course I hope that if such happens BTC and crypto would act as a store of value and go sideways or up

in value while stocks etc dumped

but the above is 1/2 of all my crap gone..stay out of debt ... and still float is the goal

hopefully, I'm wrong and all will be just dandy crypto and otherwise...(but not seeing it)

later

brad

Rosewater Foundation
Sr. Member
****
Offline Offline

Activity: 392
Merit: 254



View Profile
July 16, 2018, 01:23:38 AM

With Wall Street in like Flynn I don't imagine we'll be the safe haven everyone imagines we'll be. We're pegged to the mainstream now, like it or lump it.

Of course, macroeconomics isn't really one of my strengths. I'm more an ideas man.

Anon136
Legendary
*
Offline Offline

Activity: 1722
Merit: 1217



View Profile
July 16, 2018, 01:33:14 AM



Everything bubble Everything except gold and silver bubble Cheesy. That's why I still like them so much as an asset. The price action has obviously been abysmal in those market, but like I said a few posts back, price doesn't interest me that much (well you know except when other factors motivate me to sell at which time I hope the price happens to be high).
Rosewater Foundation
Sr. Member
****
Offline Offline

Activity: 392
Merit: 254



View Profile
July 16, 2018, 01:35:30 AM
Merited by HairyMaclairy (1)

silver

Um. Yeah, about that.

Rosewater Foundation
Sr. Member
****
Offline Offline

Activity: 392
Merit: 254



View Profile
July 16, 2018, 01:39:34 AM

BlackRock begins exploration of bitcoin
https://www.fnlondon.com/articles/blackrock-begins-exploration-of-bitcoin-20180716

Quote
BlackRock has set up a working group to investigate ways the world’s largest asset manager can take advantage of the fast-growing cryptocurrency market despite its chief executive lambasting the bitcoin sector.

quite
Hueristic
Legendary
*
Offline Offline

Activity: 3752
Merit: 4815


Doomed to see the future and unable to prevent it


View Profile
July 16, 2018, 02:26:22 AM


SHUM


lol

nobody is going to stop mining

fool me once...shame on...shame on you...fool me, can't get fooled again



https://www.youtube.com/watch?v=zYMD_W_r3Fg



HEY, Just noticed I'm not alone anymore. Smiley

Code:
$7,500-$8,000 - 9 (9.3%)

sirazimuth
Legendary
*
Offline Offline

Activity: 3304
Merit: 3407


born once atheist


View Profile
July 16, 2018, 02:37:43 AM
Last edit: July 16, 2018, 12:38:18 PM by sirazimuth
Merited by Anon136 (1)

Imagine if some bitcoiner fell into a coma right after
it cracked 5k last year and just now woke up.
he'd be like...
$6300.. wow! bitcoin up over a $grand in less than a year!!!, wooo-hooo!!!
bitserve
Legendary
*
Offline Offline

Activity: 1792
Merit: 1451


Self made HODLER ✓


View Profile
July 16, 2018, 03:05:50 AM
Merited by Rosewater Foundation (1)

Imagine if some bitcoiner fell into a coma right after
it cracked 5k last year and just now woke up.
he'd be like...
$6300.. wow! bitcoin up over a $grand in less than a year!!! wooo-hooo!!!


Nonsense. If I ever fall into coma and wake back I would be fully expecting Bitcoin to be well over $100K. Otherwise I would be very disappointed and just fall into coma again until the next halving.

... Yes, I am such a deluded fool.

And I am getting a bit annoyed considering there are only few months left before we can't use the "less than a year ago" price reference anymore and we are forced to resort to longer time frames for positive result.
HairyMaclairy
Legendary
*
Offline Offline

Activity: 1414
Merit: 2174


Degenerate bull hatter & Bitcoin monotheist


View Profile
July 16, 2018, 03:08:37 AM

Imagine if some bitcoiner fell into a coma right after
it cracked 5k last year and just now woke up.
he'd be like...
$6300.. wow! bitcoin up over a $grand in less than a year!!! wooo-hooo!!!


We were sitting in the $1800 - $2500 range in July 2017.  
infofront (OP)
Legendary
*
Offline Offline

Activity: 2618
Merit: 2754


Shitcoin Minimalist


View Profile
July 16, 2018, 03:10:46 AM



I was looking at one of MasterLuc's graphs from last August. His calls were about 4-5 months too early, but he was reasonably close.
Rosewater Foundation
Sr. Member
****
Offline Offline

Activity: 392
Merit: 254



View Profile
July 16, 2018, 03:11:14 AM
Merited by Searing (1)

Hodling all the way down was the functional equivalent of falling into a 6 months coma. Waking up to that has been terrible.
Pages: « 1 ... 20681 20682 20683 20684 20685 20686 20687 20688 20689 20690 20691 20692 20693 20694 20695 20696 20697 20698 20699 20700 20701 20702 20703 20704 20705 20706 20707 20708 20709 20710 20711 20712 20713 20714 20715 20716 20717 20718 20719 20720 20721 20722 20723 20724 20725 20726 20727 20728 20729 20730 [20731] 20732 20733 20734 20735 20736 20737 20738 20739 20740 20741 20742 20743 20744 20745 20746 20747 20748 20749 20750 20751 20752 20753 20754 20755 20756 20757 20758 20759 20760 20761 20762 20763 20764 20765 20766 20767 20768 20769 20770 20771 20772 20773 20774 20775 20776 20777 20778 20779 20780 20781 ... 33173 »
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!