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

[bitserve]

Hodlers friendly beer: Less than $3 for 12 cans pack.

[goldkingcoiner]

Hodlers friendly beer: Less than $3 for 12 cans pack.

I will tell you the very same thing I tell new coiners who become interested in altcoins: There's a reason why it's so cheap.

[Biodom]

This pattern seems reasonable to me, although I would hope 2021 would have higher prices than they predict. Next year sub $3k most likely. My prediction is based on the last halvings, not sure what those who expect the bull to pick up later this year are doing other than hoping.
https://longforecast.com/bitcoin-price-predictions-2017-2018-2019-btc-to-usd

One should be mindful that the effect of the halving halves each time. We're going from a thud to a tinkle. When the reward is fractions of a bitcoin, who thinks the halving will still be driving price?

The effect of halving does not halve when you count fiat.
A miner still starts getting 50% of btc measured in $$, unless the price react accordingly.
Therefore, the effect is the same, unless the number of minable tx (or their cost) dramatically increases.

As of this moment mining at a typical 10c/kwh is already unprofitable on S9 (Bitmain), but still somewhat profitable using newer equipment (M10). This is without even counting the equipment cost.

For the industrial sites with the electrical cost at 3-5c/kwh the breakeven would come once difficulty increases 2-3 times, which should be in 3-4 mo or so, maybe even earlier.

[El duderino_]

via Imgflip Meme Generator

No beers in here this evening 

Guess guess whats this one 

[bitserve]

Hodlers friendly beer: Less than $3 for 12 cans pack.

I will tell you the very same thing I tell new coiners who become interested in altcoins: There's a reason why it's so cheap.

Yeah, probably more than ONE reason..... but it has profited me awesomely if I consider part of the savings (literally thousands of $ for the last few years) indirectly went to Bitcoin. Also the taste is good or even better than many other "regular" beers so for daily (massive) consumption I find it perfect.


As I said, it's just a (poor) "hodlers friendly" beer... and I don't think it's going to kill me any faster than other "better" beers.

[bitserve]

via Imgflip Meme Generator

No beers in here this evening  

Guess guess whats this one  

Cointreau fizz?

P.S.: Nahhh, scratch that, it's probably some sort of citrus gin tonic.

[toknormal]

He's back !  

[cgt99]

Enough with this flatline BS cmon Bart you can do it, lets light this candle...

https://www.youtube.com/watch?v=veDcp3wB3JA

[Last of the V8s]

No beers in here this evening 

https://www.instagram.com/minkloafs/
https://www.instagram.com/p/BowwNAch67X/?taken-by=minkloafs

[hodl_2015]

Guess guess whats this one 

More than $3 for 12.

585 days until supply is halved again. Will bitcoin be the most stable currency of 2019?

[El duderino_]

via Imgflip Meme Generator

No beers in here this evening  

Guess guess whats this one  

Cointreau fizz?

P.S.: Nahhh, scratch that, it's probably some sort of citrus gin tonic.

Youre the man .....
copperhead gin tonic

[El duderino_]

For sure .... : the micg has good taste in woman.....

via Imgflip Meme Generator

via Imgflip Meme Generator

via Imgflip Meme Generator

When in Brussels this is the place too be

Cheers coiners and after this paring wines ..... so fucked up that all is fine by me tonight

Pfffff still food is coming

[Wekkel]

https://www.zerohedge.com/news/2018-10-13/mother-all-bubbles-roubini-bashes-bitcoin-blockchain-libertarians-misses-big

It reminds me of this:

[JayJuanGee]

And yeah

ROACH who is that ....?  A right a NO COINER, i rest my case 

And smart ?? With his 2 pieces of silver

According to Wekkel, Roach has a Lambo, supposedly.

I live near close enough to beg for a test drive in his Lambo one day 

Yeah right... .let's support the PM pumper.

Here's Wekkel and Roach bonding:

[Last of the V8s]

When in Brussels this is the place too be

Comme chez Soi?

[El duderino_]

When in Brussels this is the place too be

Comme chez Soi?

Almost

via Imgflip Meme Generator

But its this one.... never been @ chez soi actualy Maybe one of the weeks

[Wekkel]

According to Wekkel, Roach has a Lambo, supposedly.

I meant to refer to micgoossens, my bad. Mobile phones aren't all that.... 

[realr0ach]

He's back !  

https://www.zerohedge.com/news/2018-10-13/mother-all-bubbles-roubini-bashes-bitcoin-blockchain-libertarians-misses-big

He's a shill for fiat money, but he is right about libertarianism.  Libertarianism in practice is mostly radical individualism.  The problem here is that nature creates predators who hunt in packs, whether it's packs of wolves or ethnocentric nationalists like the Jews or any other random nationality like the Chinese that collude for common interest.  If you're surrounded by colluding actors, adopting radical individualism is the fastest way to kill yourself or be enslaved by them.

There's a reason libertarianism has Jewish roots like (((Ayn Rand))).  Whether you believe the Protocols of the Elders of Zion is written by actual Jews, or a Goyim who just wrote it to describe how Jews operate, it's an exact blueprint of what's happened over the last 100 years.  Look how neatly libertarianism fits in to accomplish those goals of disarming a population so they can be enslaved by external forces:

"6. Political freedom is an idea but not a fact. This idea one must know how to apply whenever it appears necessary with this bait of an idea to attract the masses of the people to one's party for the purpose of crushing another who is in authority. This task is rendered easier if the opponent has himself been infected with the idea of freedom, SO-CALLED LIBERALISM, and, for the sake of an idea, is willing to yield some of his power. It is precisely here that the triumph of our theory appears; the slackened reins of government are immediately, by the law of life, caught up and gathered together by a new hand, because the blind might of the nation cannot for one single day exist without guidance, and the new authority merely fits into the place of the old already weakened by liberalism."


"14. In any State in which there is a bad organization of authority, an impersonality of laws and of the rulers who have lost their personality amid the flood of rights ever multiplying out of liberalism, I find a new right - to attack by the right of the strong, and to scatter to the winds all existing forces of order and regulation, to reconstruct all institutions and to become the sovereign lord of those who have left to us the rights of their power by laying them down voluntarily in their liberalism."

So for any Ron Paul fans, no, America was not founded as a libertarian nation.  America was founded by and for white nationalists, and everything from the immigration and voting laws prove that.  Libertarianism is completely contradictory to how the country was designed to operate.  People were not stupid then and already knew every nation without an ethnocentric majority collapses and isn't a nation in the first place because it has nothing to hold it together.

[El duderino_]

via Imgflip Meme Generator

When we see Guy like nouriel roubini and OG banking F***’s..... its just obvious the old dinosaurs can’t keep up with things like BTC etc

[realr0ach]

its just obvious the old dinosaurs can’t keep up with things like BTC etc

I see this phrase constantly used by people who understand bitcoin the least.  You can describe bitcoin in many different ways from being just a flat out scheme; even calling it a primitive video game is accurate, but the fact is it's a completely arbitrary construct with nothing actually fundamentally good or sound about it.  It's all magic numbers in other words that can be here today and gone tomorrow and replaced with something else that has slightly different magic numbers.  That's virtually no different than fiat money, especially when you consider transaction validators are always designed to centralize, rendering them identical in centralized administration and control too.

It has no valid Schelling point like silver and gold.  So instead of Andreas Scamanopolous spamming about how shitcoins are going to "disrupt" everything, it's more likely shitcoins will be disrupted by gold and silver instead because they aren't a completely arbitrary construct.  In terms of money, metals are the fixed point in the universe with everything else being some type of fugazi pretender or scam.