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

[HairyMaclairy]

[1715084571]

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[1715084571]

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[1715084571]

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[1715084571]

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[1715084571]

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[bitserve]

the being formerly known as Last of the V8s

I am LA



you may refer to me as LA the Legendary

Hey, congrats on your more than deserved Legendary status bro!

I though you already were Legendary though.... Well, in fact you were in more than one sense haha

[BTCMILLIONAIRE]

This is my best match against a 2014 scenario.



https://www.tradingview.com/i/YSYQZwmF/

Did you actually include the halving in your plot? How about difficulty increase (and hence mining cost per BTC)? Or did you just overlay the 2014 scenario without any other factors?

Here's a recent interview with a interesting character: https://breakermag.com/john-mcafee-is-73-very-stoned-and-running-for-president/

I'd love to see him debate the Donald, or the FBI. I really hope he runs for president. Of course he doesn't stand a chance - and he's smart enough to say it aloud and repeatedly, but can you imagine the fun?

I wouldn't want to be around that guy irl, but I love watching him talk. Certainly a smart fellow, and he's into scotch.



Also thanks for the merit, Hueristic.

[HairyMaclairy]

Did you actually include the halving in your plot? How about difficulty increase (and hence mining cost per BTC)? Or did you just overlay the 2014 scenario without any other factors?

Yes I have adjusted the 2014 scale so that the 2014 halvening aligns with the projected May 2020 halvening date.

I have not taken difficultly into consideration as difficulty is an effect of price, it is not a cause. 

[BTCMILLIONAIRE]

Also, MacAfee isn't afraid to (allegedly) order the murder of somebody who's dogs are pissing him off when he's hung-over.

His dogs were poisoned though. Not condoning that behaviour, but I'm certainly not surprised that somebody would have a guy who killed their precious dogs disappear, especially if they could get away with it. People have killed others for less.

Did you actually include the halving in your plot? How about difficulty increase (and hence mining cost per BTC)? Or did you just overlay the 2014 scenario without any other factors?

Yes I have adjusted the 2014 scale so that the 2014 halvening aligns with the projected May 2020 halvening date.

I have not taken difficultly into consideration as difficulty is an effect of price, it is not a cause.

I haven't done the full Math on this, but isn't that a back and forth kind of game (due to the presence of traders and speculators)?

[El duderino_]

Current Mood


https://twitter.com/phneep/status/1046264142611574784

Much more boring man.... but on my way for a very late breakfast (hope its not gonna be the headlight of this sunday)

[HairyMaclairy]

I haven't done the full Math on this, but isn't that a back and forth kind of game (due to the presence of traders and speculators)?

Correlation vs Causation.  This is the Captain speaking.  If there is a statistician on board, please press the call attendant button to identify yourself to the cabin crew.  

[El duderino_]

Just saw the artikel of the HUBLOT big bang blockchain watch.....
this could be something i like

I think i did was the article as well around here , didn’t iT ?

Good to see its going more and more mainstream 

[BTCMILLIONAIRE]

I haven't done the full Math on this, but isn't that a back and forth kind of game (due to the presence of traders and speculators)?

Correlation vs Causation.  This is the Captain speaking.  If there is a statistician on board, please press the call attendant button to identify yourself to the cabin crew.  

From that perspective you can spin the argument up from both sides. The price is a result of the difficulty, as it dictates the supply. The cause that you speak of can be arbitrarily picked here. (Infinite difficulty = no coins = no price, hence the presence of a difficulty creates a price)

[BTCMILLIONAIRE]

Just saw the artikel of the HUBLOT big bang blockchain watch.....
this could be something i like

I think i did was the article as well around here , didn’t iT ?

Good to see its going more and more mainstream 

The article was posted around here yes, the watch seems to be quite nice looking too. I just don't like sending my passport around when I go shopping.

[El duderino_]

Current Mood


https://twitter.com/phneep/status/1046264142611574784

Much more boring man.... but on my way for a very late breakfast (hope its not gonna be the headlight of this sunday)

Ok so its the highlight of todayoldschool breakfast and a small pump
Man do i love these moment and this f****** sunday place

via Imgflip Meme Generator

Keep on pumping into october ,hairry Said its a rally month so i’m ready to go

[El duderino_]

^
Haha my GF just says people might think thats are home 
(Its a very alternative looking place) but its the best lol 

[BTCMILLIONAIRE]

^
Haha my GF just says wtf people might think thats are home 
(Its a very alternative looking place) but its the best lol 

Do I spy a cutie? Good catch.

[El duderino_]

^
Haha my GF just says wtf people might think thats are home 
(Its a very alternative looking place) but its the best lol 

Do I spy a cutie? Good catch.

via Imgflip Meme Generator

[itod]

UPDATE 12288

26/09/2018 itod
...

...and I thought it's better to error on pessimistic side when you started 12288, so I put the end of September. Turns out majority of us were crazily optimistic. Hard lesson to learn, not about this, but generally in life: The less you allow yourself to expect something - better for you. Worry only about things you can control.

[HairyMaclairy]

I haven't done the full Math on this, but isn't that a back and forth kind of game (due to the presence of traders and speculators)?

Correlation vs Causation.  This is the Captain speaking.  If there is a statistician on board, please press the call attendant button to identify yourself to the cabin crew.  

From that perspective you can spin the argument up from both sides. The price is a result of the difficulty, as it dictates the supply. The cause that you speak of can be arbitrarily picked here. (Infinite difficulty = no coins = no price, hence the presence of a difficulty creates a price)

Except this isn’t really accurate. Difficulty adjusts both up and down. With a low enough difficulty I can run the entire Bitcoin network on my 2009 laptop.  Any decrease in supply due to a rapid decrease in hashrate is inconsequential on a multi year time line.

[BTCMILLIONAIRE]

I haven't done the full Math on this, but isn't that a back and forth kind of game (due to the presence of traders and speculators)?

Correlation vs Causation.  This is the Captain speaking.  If there is a statistician on board, please press the call attendant button to identify yourself to the cabin crew.  

From that perspective you can spin the argument up from both sides. The price is a result of the difficulty, as it dictates the supply. The cause that you speak of can be arbitrarily picked here. (Infinite difficulty = no coins = no price, hence the presence of a difficulty creates a price)

Except this isn’t really accurate. Difficulty adjusts both up and down. With a low enough difficulty I can run the entire Bitcoin network on my 2009 laptop.  Any decrease in supply due to a rapid decrease in hashrate is inconsequential on a multi year time line.

I should've clarified that I meant the initial difficulty for the genesis block. A difficulty so high that no coins can be mined results in no coins and thus no price, and a difficulty so low that arbitrarily many coins can be mined by anyone would result in a price of zero. Hence, the difficulty came first, and the price came after. Even without these edge cases, you need to mine coins first before any price can be set though. Alas, you can spin this up either way by including or excluding exotic scenarios.

[Globb0]

Nice growler

[Ted E. Bare]

She's in your avatar. Cool!

[kirreev070]

DPRating compiled a rating of centralized crypto-exchanges based on the ratio of trading volume and users to IP.