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Question: Is this the last time Bitcoin will be below $9,000?
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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21717038 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. (147 posts by 36 users deleted.)
HairyMaclairy
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September 30, 2018, 10:03:31 AM

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. 
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BTCMILLIONAIRE
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September 30, 2018, 10:06:16 AM

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_
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September 30, 2018, 10:09:06 AM


Much more boring man.... but on my way for a very late breakfast (hope its not gonna be the headlight of this sunday)
HairyMaclairy
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September 30, 2018, 10:13:05 AM

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_
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September 30, 2018, 10:36:38 AM

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  Grin
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September 30, 2018, 10:44:29 AM

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
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September 30, 2018, 10:45:33 AM

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  Grin
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.
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September 30, 2018, 10:54:33 AM


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
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September 30, 2018, 10:57:06 AM
Last edit: September 30, 2018, 11:13:59 AM by micgoossens

^
Haha my GF just says people might think thats are home  Roll Eyes
(Its a very alternative looking place) but its the best lol  Roll Eyes
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September 30, 2018, 11:02:50 AM

^
Haha my GF just says wtf people might think thats are home  Roll Eyes
(Its a very alternative looking place) but its the best lol  Roll Eyes
Do I spy a cutie? Good catch.
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September 30, 2018, 11:10:52 AM
Merited by JayJuanGee (1), BobLawblaw (1), BTCMILLIONAIRE (1)

^
Haha my GF just says wtf people might think thats are home  Roll Eyes
(Its a very alternative looking place) but its the best lol  Roll Eyes
Do I spy a cutie? Good catch.

via Imgflip Meme Generator

itod
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September 30, 2018, 11:19:49 AM

UPDATE 12288

26/09/2018 itod Sad
...

...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
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September 30, 2018, 11:48:28 AM

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
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September 30, 2018, 11:58:40 AM

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.
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September 30, 2018, 01:25:54 PM
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Nice growler


Ted E. Bare
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September 30, 2018, 01:49:19 PM

She's in your avatar. Cool!
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September 30, 2018, 01:49:57 PM

DPRating compiled a rating of centralized crypto-exchanges based on the ratio of trading volume and users to IP.
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September 30, 2018, 01:55:07 PM

the being formerly known as Last of the V8s

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you may refer to me as LA the Legendary

a legendary promotion after the merit system implemented
<respect>
welcome aboard mate
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September 30, 2018, 02:29:40 PM
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DPRating compiled a rating of centralized crypto-exchanges based on the ratio of trading volume and users to IP.

Y U no Bitstamp?
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September 30, 2018, 02:32:21 PM

the being formerly known as Last of the V8s

I am LA



you may refer to me as LA the Legendary
The precious bits of info you managed to dig out made you a legend already.
Not to mention the very fne ladies portrayed in some of your most memorable posts.
Way to go!
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