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Question: 9/19 Closing Price:
0 - 1 (1.6%)
<$10,000 - 3 (4.8%)
$10,000-$10,500 - 2 (3.2%)
$10,501-$11,000 - 13 (20.6%)
$11,001-$11,500 - 19 (30.2%)
$11,501-$12,000 - 8 (12.7%)
$12,001-$12,500 - 7 (11.1%)
$12,501-$13,000 - 2 (3.2%)
>$13,000 - 3 (4.8%)
>$20,000 - 5 (7.9%)
Total Voters: 63

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 22509912 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. (148 posts by 37 users deleted.)
realr0ach
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December 06, 2018, 03:54:36 AM

PoW is probably also the biggest downfall of BTC
What a retarded statement.

First, why proof of stake is a closed entropy system that has no value:

https://steemit.com/steemit/@r0achtheunsavory/the-r0ach-report-14-defining-if-cryptocurrency-has-a-value-or-zero-value-from-a-fundamental-scientific-perspective

Second, why proof of work fails and acts almost identical to proof of stake in the real world:

https://steemit.com/bitcoin/@r0achtheunsavory/the-r0ach-report-18-the-great-pow-lie
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December 06, 2018, 04:01:09 AM


None. Of. Those. Zero. Money. Making. Experimental. Projects. Justify. Ethereum's. Exchange. Price.

The price justifies itself as the market is always right. Doesn't really matter how you believe things _should_ be, the market firmly believes otherwise. And if ETH falls to $50 a coin, then that's the way it was meant to be.

It doesn't matter how 'interesting' they are, if they don't make money they are worthless, and people that buy ETH just to put money into worthless projects are supporting garbage. And in turn are supporting ETH, which has no reason to exist outside of supporting garbage.

Again, the market disagrees with you. You're entitled to your personal opinion but that doesn't change the reality of the situation.

This isn’t a beginner thread so not the place to discuss the virtues of POW but you need to go listen to some Nick Szabo lectures on the topic

Far less relevant things are discussed here every hour of every day. Bitcoin requiring the power consumed by 5 million US households is nothing to sneeze at. Yet the market and capitalism dictates it to exist because it still remains profitable (though just barely). Hash rate has been falling recently so that's a start. It will obviously remain feasible until it isn't. Just saying PoW isn't winning over the hearts and minds of many environmentalists.

https://digiconomist.net/bitcoin-energy-consumption
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December 06, 2018, 04:02:50 AM

This isn’t a beginner thread so not the place to discuss the virtues of POW but you need to go listen to some Nick Szabo lectures on the topic

Nick Szabo is not a valid source of anything.  He's a shill for both Ethereum and the rogue-terror state of Israel.  Why would you ask him ANYTHING about cryptocurrency?
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December 06, 2018, 04:04:16 AM
Merited by Paashaas (1)

I don't understand all this hate for ETH... It supports this gigantic, flourishing ecosystem of projects -- yes, many of them are shit but some of them are pretty interesting and legitimate. I think things like Maker, Augur and 0x are at the very least entertaining experiments that push the bounds of what can be done with the blockchain. Decentraland is also interesting as well.

Then you have stuff like Cryptokitties which is pretty effing pointless. I dunno, I just think even if the price sinks to $50 a coin it will never go away completely as too many other projects are dependent on it.

You don't understand the hate? Seriously?

Let me explain.

None. Of. Those. Zero. Money. Making. Experimental. Projects. Justify. Ethereum's. Exchange. Price.

Period. It doesn't matter how 'interesting' they are, if they don't make money they are worthless, and people that buy ETH just to put money into worthless projects are supporting garbage. And in turn are supporting ETH, which has no reason to exist outside of supporting garbage.

shitoken washtrading by corporate sleezeballs ..this is the dream of these crooks. :\ kill all tokens.
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December 06, 2018, 04:09:52 AM
Merited by bones261 (1)

<snip>
Far less relevant things are discussed here every hour of every day. Bitcoin requiring the power consumed by 5 million US households is nothing to sneeze at. Yet the market and capitalism dictates it to exist because it still remains profitable (though just barely). Hash rate has been falling recently so that's a start. It will obviously remain feasible until it isn't. Just saying PoW isn't winning over the hearts and minds of many environmentalists.

https://digiconomist.net/bitcoin-energy-consumption
Report: Bitcoin Mining Doesn’t Fuel Climate Change, It Benefits the Global Economy
https://news.bitcoin.com/report-bitcoin-mining-doesnt-fuel-climate-change-it-benefits-the-global-economy/

tldr: 78% of Miners Use Renewable Energy
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December 06, 2018, 04:11:58 AM


It doesn't matter how 'interesting' they are, if they don't make money they are worthless, and people that buy ETH just to put money into worthless projects are supporting garbage. And in turn are supporting ETH, which has no reason to exist outside of supporting garbage.

Again, the market disagrees with you. You're entitled to your personal opinion but that doesn't change the reality of the situation.

So what's your point? It doesn't matter what I think. Markets give value to worthless companies all the fucking time. And people stupidly put money into them.

Look no further than Tesla for an example... a company that supposedly has a market cap of $63B and share price of $360, but bleeds money, is virtually bankrupt and will probably write down a loss of at least $1B next year. And then EVs coming from Audi, Porsche, and Mercedes will eat their lunch.
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December 06, 2018, 04:19:19 AM

tldr: 78% of Miners Use Renewable Energy

Except the energy expenditure serves no purpose if transaction validators are designed to centralize...and they are.
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December 06, 2018, 04:22:42 AM

So what's your point? It doesn't matter what I think. Markets give value to worthless companies all the fucking time. And people stupidly put money into them.

Look no further than Tesla for an example... a company that supposedly has a market cap of $63B and share price of $360, but bleeds money, is virtually bankrupt and will probably write down a loss of at least $1B next year. And then EVs coming from Audi, Porsche, and Mercedes will eat their lunch.

It's also possible due to thermodynamic collapse of oil extraction, that conventional vehicle companies are doomed and only electric ones have a future.  Then the govt would probably have motive in keeping Tesla alive at least as some type of testbed.
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December 06, 2018, 04:39:38 AM

I see lots of noobs lately saying theyre gonna short the market here because its easy money. Hopefully they get their faces ripped off.
 Grin
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December 06, 2018, 04:42:22 AM

Trace thinks that this is being done in part to "kill" some naughty miner-producing entity. Guess, which one?
https://twitter.com/TraceMayer

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Some #Bitcoin miners annoyed #HODLGANG so extermination & replacement with friendlier to @bitcoincoreorg.

Makes some sense to me.
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December 06, 2018, 04:45:38 AM

More Roach posts. Bullish.
JayJuanGee
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December 06, 2018, 04:47:31 AM

I see lots of noobs lately saying theyre gonna short the market here because its easy money. Hopefully they get their faces ripped off.
 Grin

Hahahahaha

Remember in about December 2014, there were all kinds of teachings about shorting the BTC market, and how you could make a killing shorting BTC.  2015 through 2017 were not good years to short BTC, even though 2014 and 2018 were. 

Difficult to know what December 2018 and thereafter is going to bring in terms of BTC price performance, but I am having some doubts that in the short-term shorting BTC is going to be nearly as lucrative as it was in either 2014 or 2018...   but what do I know? 

I neither play margin nor attempt to call the short-term BTC price future.. much beyond 50/50..  but I do, sometimes, make observations.    Wink Wink   Cheesy
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December 06, 2018, 04:48:15 AM

I see lots of noobs lately saying theyre gonna short the market here because its easy money. Hopefully they get their faces ripped off.
 Grin

As expected I expect that my expectations saying that they are noobs indeed.

short-term shorting BTC is going to be nearly as lucrative as it was in either 2014 or 2018

Can we speculate that 2022 might be the same?
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December 06, 2018, 04:52:20 AM
Merited by Last of the V8s (1)

JayJuanGee
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December 06, 2018, 04:58:12 AM

Trace thinks that this is being done in part to "kill" some naughty miner-producing entity. Guess, which one?
https://twitter.com/TraceMayer

Quote
Some #Bitcoin miners annoyed #HODLGANG so extermination & replacement with friendlier to @bitcoincoreorg.

Makes some sense to me.

Can't really ever deny observations of Trace, yet there seem to be a multitude of dynamics including pushing in the shitcoin space in which the two bcash branches seem to be suffering the most, and Ethereum is experiencing decent purging of froth too.

I am kind of thinking that there could be some kind of attempt to reach shitcoin singularity with the bcashes and Ethereum around the same price - maybe in the $80 arena or below... Bring them all below $20 would be nice, but that's too much wishful thinking coming out of me... and maybe as nutilah said, a $50 Ethereum might still serve some shit functions, perhaps?...

A problem with Ripple is that the units are off - maybe $.08 would be an overvaluing of ripple, but there seems to sufficient enough dumb money keeping it in the $.30s, with this downfall, and just so much ongoing dumb money from there that would not likely be purged unless some of the ripple CEOs were thrown in jail, which does not seem too likely to happen, either...
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December 06, 2018, 05:03:16 AM

short-term shorting BTC is going to be nearly as lucrative as it was in either 2014 or 2018

Can we speculate that 2022 might be the same?

Would not be unreasonable to have some tentative outline about what is possible without getting too attached to such picture, because it seems that patterns are meant to be broken in bitcoinlandia... nonetheless, I could see some kind of decent correction coming a couple of years after the next halvening..

TLDR: Cannot count on it, but can at least consider that there are decent chances of such an outline.
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December 06, 2018, 05:06:42 AM



Do you have a source link for that one?
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December 06, 2018, 05:21:51 AM

into mount HODLING for a sleep cause in BIG need for a good hodl-rest
this night cross 5K and all is fine by me Roll Eyes

always a BULLiever in Micg. Grin

where is your 5k for btc noob? Your dreams about the price are ridiculous
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December 06, 2018, 05:33:22 AM

Modest short squeeze in process
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December 06, 2018, 05:35:29 AM

into mount HODLING for a sleep cause in BIG need for a good hodl-rest
this night cross 5K and all is fine by me Roll Eyes

always a BULLiever in Micg. Grin

where is your 5k for btc noob? Your dreams about the price are ridiculous
I see one big fresh n00b here and that's you!
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