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Question: What happens first:
New ATH - 43 (69.4%)
<$60,000 - 19 (30.6%)
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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26390262 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. (174 posts by 3 users with 9 merit deleted.)
goldkingcoiner
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October 13, 2018, 04:55:00 PM
Merited by kirreev070 (1)

Good morning BTCland.

Still flat as a pancake... currently $6280USD/$8188CAD (Bitcoinaverage).

Yawn.

A little bit of math:

If you bought Ripple for $ 1000 in January, now you would have $ 79.

If you bought Bud Light for $ 1000 in January, drank all the beer and passed the bottles, now you would have $ 79.  Grin Grin Grin



Ripple? Bud Light? Yuck.

The former is a hangover waiting to happen and the latter is watery swill.

I'll stick to full-strength beer thanks. I don't pay alcohol tax on water.  Cool

As a German, both those offend me highly.
JimboToronto
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October 13, 2018, 05:59:51 PM



Ripple? Bud Light? Yuck.

The former is a hangover waiting to happen and the latter is watery swill.

I'll stick to full-strength beer thanks. I don't pay alcohol tax on water.  Cool

As a German, both those offend me highly.

Yeah, they're pretty gross.

I don't mind a good German lager but what I really love is a full-bodied Irish-style dry stout.

Luckily there's one brewed right here in Ontario using local water so it's easy on my system. It's brewed to 5% alc/vol which is a little lighter than in some countries but standard for here so it's what I'm accustomed to.



Cheers.
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October 13, 2018, 06:00:01 PM


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October 13, 2018, 06:20:46 PM
Merited by gentlemand (1), bitserve (1)


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?
goldkingcoiner
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October 13, 2018, 06:27:54 PM

A little bit of math:

If you bought Ripple for $ 1000 in January, now you would have $ 79.

If you bought Bud Light for $ 1000 in January, drank all the beer and passed the bottles, now you would have $ 79.  Grin Grin Grin

Actually if you drank $1000 of german beer you would have more. Because 9 (dollar) cents a bottle when you return it (pfand).

And it usually costs no more than 80 euro cents per bottle, so lets say an expensive beer is 1 dollar each.

Thats 1000 beers with a pfand return of 90 dollars Cheesy Making you richer than the guy who bought ripple.
goldkingcoiner
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October 13, 2018, 06:30:33 PM



Ripple? Bud Light? Yuck.

The former is a hangover waiting to happen and the latter is watery swill.

I'll stick to full-strength beer thanks. I don't pay alcohol tax on water.  Cool

As a German, both those offend me highly.

Yeah, they're pretty gross.

I don't mind a good German lager but what I really love is a full-bodied Irish-style dry stout.

Luckily there's one brewed right here in Ontario using local water so it's easy on my system. It's brewed to 5% alc/vol which is a little lighter than in some countries but standard for here so it's what I'm accustomed to.



I love guinness, but never out of a bottle. The only way its meant to be drunk is draught from a keg. Or at least a can with one of those little balls.

Cheers.
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October 13, 2018, 06:33:40 PM


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?


That's an interesting observation I never considered.

Thinking about it....
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October 13, 2018, 06:40:09 PM



Hodlers friendly beer: Less than $3 for 12 cans pack.
goldkingcoiner
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October 13, 2018, 06:44:34 PM
Merited by JayJuanGee (1)



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.
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October 13, 2018, 07:00:36 PM


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.
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October 13, 2018, 07:03:18 PM

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No beers in here this evening  Grin

Guess guess whats this one  Tongue
bitserve
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October 13, 2018, 07:12:48 PM
Last edit: October 13, 2018, 09:21:00 PM by 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
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October 13, 2018, 07:16:32 PM
Last edit: October 13, 2018, 07:32:50 PM by bitserve

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No beers in here this evening  Grin

Guess guess whats this one  Tongue

Cointreau fizz?

P.S.: Nahhh, scratch that, it's probably some sort of citrus gin tonic.
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October 13, 2018, 07:18:36 PM
Last edit: October 13, 2018, 07:42:50 PM by toknormal


He's back !  Smiley



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October 13, 2018, 07:41:55 PM

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

https://www.youtube.com/watch?v=veDcp3wB3JA
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October 13, 2018, 07:45:03 PM


No beers in here this evening  Grin

https://www.instagram.com/minkloafs/
https://www.instagram.com/p/BowwNAch67X/?taken-by=minkloafs
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October 13, 2018, 08:25:20 PM

Guess guess whats this one  Tongue
More than $3 for 12.

585 days until supply is halved again. Will bitcoin be the most stable currency of 2019?
El duderino_
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October 13, 2018, 08:31:04 PM

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No beers in here this evening  Grin

Guess guess whats this one  Tongue

Cointreau fizz?

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

Youre the man .....
copperhead gin tonic
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October 13, 2018, 08:43:49 PM
Merited by LFC_Bitcoin (1)

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

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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
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October 13, 2018, 08:48:29 PM

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

It reminds me of this:

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