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

[xhomerx10]

 Heightened sense of smell is the bane of my existence.  Some colognes and perfumes give me an instant headache.  Those so-called air fresheners are just fuckin killer for me - they are not fresh at all.  My wife refrains from wearing perfumes and I love her for that.

The really cheap perfumes are made from industrial methylated spirit. The most expensive ones are made from pure drinking alcohol, which is heavily taxed to stop people drinking it. Maybe the dodgy perfumes that give you a headache are the industrial methylated spirit based ones.
 

 Well I don't know if this is made on the cheap or not because the price tag is pretty high but this:



 is an instant headache for me to the point of nausea if I can't escape.  

 I think it's that woody scent which is weird because I have no problems walking through an evergreen forest and in fact I love the smell of pine trees.

It's the concentration of shit and alcohol, does smelling alcohol fuck with you? Like sniffing booze?

 Naw the only booze I can't sniff is Gin - and that has everything to do with my misspent youth and a brain that doesn't forget it.

[realr0ach]

11m volume on Bitfinex rise and only 1m volume on Gdax and Bitstamp.  Can you say Scamfinex?  The world's most untrusted bitcoin exchange that nobody sane would ever trade or store money on, yet for no logical reason, always pretends to be the market maker exchange with highest volume.

[realr0ach]

Also, did anyone notice Gentlemand is a weirdo?  Not JayJuanGee level weirdo, but more like creepy, Dennis Rader style weirdo.

[marcus_of_augustus]

Heightened sense of smell is the bane of my existence.  Some colognes and perfumes give me an instant headache.  Those so-called air fresheners are just fuckin killer for me - they are not fresh at all.  My wife refrains from wearing perfumes and I love her for that.

if your sense of smell is as sensitive as you say you may be missing your calling ... so-called "noses" are paid very highly by perfume and food conglomerates as they are very rare people.

https://en.wikipedia.org/wiki/Perfumer

[yefi]

Here you go...NSFL

What a, er, beautiful baby you have there lol.

[realr0ach]

After all, I fight TPTB with BTC because I don't see any other way currently.

[marcus_of_augustus]

Cost of production plummeting ... no sign of bottoming anytime soon either

[HairyMaclairy]

Anyone have a chart comparing 2014 bear market difficulty to present day?

[infofront]

Also, did anyone notice Gentlemand is a weirdo?  Not JayJuanGee level weirdo, but more like creepy, Dennis Rader style weirdo.

That's his gimmick.

[bitserve]

Anyone have a chart comparing 2014 bear market difficulty to present day?

We have never had a drop as hard as current one. Bitcoin difficulty kept growing for most of 2014 with some drops at the end, and in early 2015, but basically the difficulty remained more or less constant for over a year.

[PoolMinor]

Anyone have a chart comparing 2014 bear market difficulty to present day?

sort of...









https://www.blockchain.com/charts/difficulty?timespan=all

[d_eddie]

All this doom and gloom, but I'm on for earning nearly 0.1btc today through funding on Bitfinex. So I'm happy enough

I don't deal with Bitfinex because it feels like too much counterparty risk. But the rent one can get paid is pretty indeed. Sometimes I feel that itch... and I manage to scratch it off.

[d_eddie]

WEEEEEEEeeeeeEEeEEeeEEEEEeEEEeE
weeeEEEeEE wEEEEeé WeeeEEeeEeEeE

FINDING BLOCKS? BLEEP BLEEP  

WEEEEEEEeeeeeEEeEEeeEEEEEeEEEeE
weeeEEEeEE wEEEEeé WeeeEEeeEeEeE = GONNA WATCH TV NOW THE GF IS SAYING STOP TALKING WEEEEE ON BITCOINTALK

WEEeee weEeeEeeeeeEEEEE

Uh. Wee wee weeEE. (Don't displease tha babe.)

I have returned from dinner and the party starts again.
I lack time to follow the pages of WO, very, very, fast

My wife is worried, she says I've been very strange for four days.

(4 / december first time in WO, lol)

Weee.

[Biodom]

Anyone have a chart comparing 2014 bear market difficulty to present day?

I actually researched this.

Difficulty declined (on a sustained basis) only during 2011 bear market: from 7/31/2011 to 12/10/2011 or about 4 mo (plus 10 days).
The decline was about 42% and btc bottomed Nov 19 2011 at $2, which is 20 days before difficulty bottoming, so price was leading, as expected.
Difficulty did not decline (on a sustained basis) during 2014-2015 bear market.
Right now difficulty is flat or declining since 10/6 or about two months.
Does this predict that we might be 30-40 days from price bottom?
Maybe, but i wouldn't put my money on this.
BTW, we lost about 21% so far and next drop looks like 6-7%.

Sources:
https://www.blockchain.com/en/charts/difficulty?scale=1&timespan=all
https://bitcoinwisdom.com/bitcoin/difficulty

[d_eddie]

I have returned from dinner and the party starts again.
I lack time to follow the pages of WO, very, very, fast

My wife is worried, she says I've been very strange for four days.

(4 / december first time in WO, lol)

Why not open an account for her and talk to each other on here? We can give you marital guidance plus it's a fun memorial for your kids.

It's mo' better than mic's TV anyway. No match.

[Hueristic]

 I asked two of my colleagues at work (on separate occasions) if they would refrain from wearing the cologne they were using - I even offered to purchase it from them so they weren't out any money.  One of them stopped wearing it (and didn't want my money) and the other one said "Would you rather I came to work smelling like BO?!"  Yes... yes I would.
 

Tell him to fucking take a shower, smelling like a french whore with cologne poured ontop is even worse than just the BO. He apparently thinks the two are diametrically opposed, what kind of morons do you work with? I made a senior engineer stand on the other side of the room because he refused breath mints before I had even gone through a 6 month probation period and the rest of the company loved me for it.

[jojo69]

i am reading this a few days per week, lately every 1 or 2 days if i have time

and, i cant stand it anymore, so i am gonna pop the question



whats up with the hats?

circle jerk.

sour grapes

[rolling]

Anyone have a chart comparing 2014 bear market difficulty to present day?

That's a hard chart to make meaningful. Different hardware availability, different hardware profitability, and different scales of mining companies. Too many variables really.

Anecdotally though, as a former miner from back then, I think this crash is a little bit deeper for miners (evidenced by the decreasing hash rate). I was mining back then and I was profitable until the second half of 2015 at which point I was mining at about break even for "electricity only" with $250 BTC. I was losing money on the facility costs and made no money for my time invested.

The operations now days are much larger with much larger fixed costs for facilities, loans and employees. $6000 was probably break even for them with the difficulty of a month ago. Now, difficulty is down ~20% and prices are down ~40%.

Every miner in the world is likely losing money now if they sell mining proceeds daily. Very few miners do that though. As a miner, you are a trader by default. Just like a farmer, you store your crops if you can and wait for the best time to sell. The longer these prices remain, the more miners will file for bankruptcy or sell their stash to cover basic necessities such as electricity and payroll.

With enough bankrupt miners, the difficulty should theoretically drop another 20% while prices stay ~$3500 to balance things out.


EDIT: The point though is that we are in the second half of 2015 if you are using mining difficulty/profitability as an indicator and comparing the last bear market to this one.

[jojo69]

https://www.youtube.com/watch?v=kxbCHlXZ-0U
We are closing. The hard truth behind crypto.
(re mining)

waaaanh

[jojo69]

I have returned from dinner and the party starts again.
I lack time to follow the pages of WO, very, very, fast

My wife is worried, she says I've been very strange for four days.

(4 / december first time in WO, lol)

nobody fucking cares , did we ask for your life story

who's "we" asshole