Bitcoin Forum
June 16, 2019, 10:04:16 PM *
News: Latest Bitcoin Core release: 0.18.0 [Torrent] (New!)
 
   Home   Help Search Login Register More  
Poll
Question: Closing BTC Price June 17:
$0 - 2 (1.8%)
<$6,500 - 7 (6.1%)
$6,500-$6,750 - 1 (0.9%)
$6,751-$7,000 - 2 (1.8%)
$7,001-$7,250 - 3 (2.6%)
$7,251-$7,500 - 6 (5.3%)
$7,501-$7,750 - 4 (3.5%)
$7,751-$8,000 - 12 (10.5%)
$8,001-$8,250 - 13 (11.4%)
$8,251-$8,500 - 6 (5.3%)
$8,501-$8,750 - 6 (5.3%)
$8,751-$9,000 - 11 (9.6%)
$9,001,$9,250 - 10 (8.8%)
$9,251-$9,500 - 9 (7.9%)
>$9,500 - 15 (13.2%)
$20,000 - 7 (6.1%)
Total Voters: 114

Pages: « 1 ... 21898 21899 21900 21901 21902 21903 21904 21905 21906 21907 21908 21909 21910 21911 21912 21913 21914 21915 21916 21917 21918 21919 21920 21921 21922 21923 21924 21925 21926 21927 21928 21929 21930 21931 21932 21933 21934 21935 21936 21937 21938 21939 21940 21941 21942 21943 21944 21945 21946 21947 [21948] 21949 21950 21951 21952 21953 21954 21955 21956 21957 21958 21959 21960 21961 21962 21963 21964 21965 21966 21967 21968 21969 21970 21971 21972 21973 21974 21975 21976 21977 21978 21979 21980 21981 21982 21983 21984 21985 21986 21987 21988 21989 21990 21991 21992 21993 21994 21995 21996 21997 21998 ... 24211 »
  Print  
Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21223713 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. (64 posts by 15 users deleted.)
JayJuanGee
Legendary
*
Offline Offline

Activity: 1918
Merit: 1791


How much alt coin diversification is needed? 0%?


View Profile
December 05, 2018, 10:32:57 PM

@fintechfrank https://twitter.com/fintechfrank/status/1070405218230259712

Quote
SEC Commissioner Hester Peirce on crypto ETF: "Don't hold your breath"

It could come tomorrow or in 20 years, she said.

"I do caution people to not live or die on when a crypto or bitcoin ETF gets approved."

"You all know that I am working on trying to convince my colleagues to have a bit more of an open mind when it comes to [crypto]."

"I am not as charming as some other people," she added.

Institutionalization will happen, she concluded.

Advice for crypto firms: "get good regulatory advice.. there are a lot of landmines...[and] we live in a society that has a lot of old securities laws...You could have the best intensions [sic]in the world and you could trip on something that you didn't mean to trip on."

Peirce said this during a fireside chat at a cryptocurrency conference in Washington D.C.
I think my peepee just shrank a little.



There seems to be a decent point in all of this, which is who gives a shit about an ETF?

Of course, an ETF is going to bring greater financialization to BTC and likely overall be bullish on bitcoin's short term future and likely long term future, too... but it is no where near to necessary for bitcoin to remain a very good investment with strong fundamentals.

0% MINING FEES FOR THE NEXT MONTH. GET PAID IN BTC, ETH, XMR or RVN.

www.cudominer.com Learn More
Easily run CudoOS from a USB flash drive.
Designed for rigs. Manage your mining remotely from Cudo Console.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1560722656
Hero Member
*
Offline Offline

Posts: 1560722656

View Profile Personal Message (Offline)

Ignore
1560722656
Reply with quote  #2

1560722656
Report to moderator
HairyMaclairy
Hero Member
*****
Offline Offline

Activity: 854
Merit: 1399


Degenerate bull hatter & Bitcoin monotheist


View Profile
December 05, 2018, 10:33:45 PM

My international wire with Bitstamp cleared in 2.5 business days.

5 stars would deposit again.
micgoossens
Hero Member
*****
Online Online

Activity: 714
Merit: 2160


We Vegeta !!!!


View Profile
December 05, 2018, 10:34:46 PM

easy now

save something for Thursday

Thought thursday was STFU ..... Roll Eyes
kingcolex
Legendary
*
Offline Offline

Activity: 1862
Merit: 1176


OneHash.com - Mutual Betting & Casino


View Profile
December 05, 2018, 10:37:21 PM
Merited by vapourminer (1), Torque (1), BobLawblaw (1), micgoossens (1), nanobtc (1)

Wow $3700 what is this bullshit.

you new here? ~if $2500 holds i might put in $100 and spin the wheel again? Wink weeee
Super new but I think I have caught on:

R0ach works at the Jewish cultural center and Holocaust museum.

JJG is a man who keeps it short and sweet and believes altcoins are the future.

Bob runs a homosexual alcoholics conversion camp that turns people staright and sober.

Micgoosen is from Kentucky and drinks strictly Bud light and works as a tattoo removal specialist.

Jhbear has literally been in a fist fight with Roger Ver and Craig over their radical fork and only sends coins to Segwit addresses.

Last of the V8s runs a communist and socialist newspaper for his young Marxist group.
JayJuanGee
Legendary
*
Offline Offline

Activity: 1918
Merit: 1791


How much alt coin diversification is needed? 0%?


View Profile
December 05, 2018, 10:38:30 PM


For straight up assets on a chain (tokens) this new Ravencoin thing looks like it can replace it.

I'm not an user of ETH or any alts really to tell you the truth but the asset layer is what ETH is all about and there's something better, cheaper and much easier to use around nowadays. Might take a bit to mature but it's coming and ETH is going...

You know a scamcoin like ETH is in trouble when:

a) after years of development, still the use case and business case can't be found by anyone, including Vitalik
b) zero adoption for said use case, because solution still looking for a problem that doesn't exist, and
c) something is already coming along deemed as "better than" ETH (which is a joke in and of itself)

 Roll Eyes Roll Eyes   Grin

Huh?  Isn't facilitating abilities to launch scam coins a use case?  Fuck....

We have seen billions of dollars raised through that scam coin, ETH enabled (facilitated), so even though I am no fan of ETH and its bullshit, there seems to be a use case, no?
kingcolex
Legendary
*
Offline Offline

Activity: 1862
Merit: 1176


OneHash.com - Mutual Betting & Casino


View Profile
December 05, 2018, 10:40:48 PM
Merited by BobLawblaw (1)

Holy fuck I just spent $30 at Arby's I can't this shit with Bitcoin where it's at, all my extra cash is to buy while it's low.
BTCMILLIONAIRE
Hero Member
*****
Offline Offline

Activity: 1218
Merit: 767



View Profile
December 05, 2018, 10:40:53 PM
Last edit: December 05, 2018, 10:53:25 PM by BTCMILLIONAIRE

maths fail^ nosey fail^

What do you believe the math to be if you assert that you would have an extra $20 to $50 million to spend on projects (without batting an eye), if BTC price were to go to $100k?

I said 600BTC because that gives a bit of a cushion.

If a guy or gal only had 500 BTC, then s/he would only have $50 million in the event that BTC prices were to reach $100k... That would leave absolutely no cushion to feel comfortable doling out $50million on any kind of project.

You have better approximation numbers than me?  fucktwat?
Your Math is actually more than sensible on this one, given the assumption that $100k is the target.

Keep in mind that people could be satisfied with a relatively frugal lifestyle (not living in an insanely huge mansion, while still having cash for all the high-end nerd toys one would want; the most outrageous TVs are barely 10k, desktop computers at best half etc.). Not everyone needs lambos, yachts, planes or whatever the fuck rich people tend to get.

Developing a game that shits on the crappy triple A titles takes a very long time as well. And the full sum isn't going to be spent in one go, but over half a decade as a lower end estimate. That gives some wiggle room. There are also ways to be more economical about this if you're not in a rush to release a title to generate revenue. You can start small, lay a very strong foundation, then scale up with the years as necessary.


What I'm saying is, is that while the 600 BTC number is a very good guess (as the 10m difference to the higher end estimate is enough to live lavishly for the rest of one's life) it can be both significantly lower or higher.

AI is developing at a crazy speed as well with one crucial example being the ability of taking low resolution images and having an AI upscale it to high-resolution given enough training data (textures are one of the biggest cost factors in this industry). There also has been an AI that turned video material into a functioning game engine. Basically, the 20-50m estimate that is true for today's titles might very well be cut down to a fraction before Bitcoin hits 100k or whatever price.

I may be well off, but I'm sure others have much more than me. I certainly can't move the BTC/USD market, so I'm lightyears away from being a whale.


Edit: Also. Since I'd be the one funding it there would be no CEO twat sponging up all the money, which would probably cut out a dozen millions or so lmao.
cAPSLOCK
Legendary
*
Offline Offline

Activity: 2212
Merit: 1341


UNLEASH THE FURY!


View Profile
December 05, 2018, 10:42:13 PM

Eh I think Eth has a use and will pull out on second.

I think it's guaranteed to be superseded. It's a prototype and will remain so. Someone will come up with something that does everything it claims to do and much more and it'll simply... work.

There won't be weird languages to learn, holes in the contracts, nodes that are major undertaking to sync and a chain that keeps bloating.

It's not here yet, but it will be. However it's going to require multiple actual uses for the idea of 'blockchain' for something with improved functionality to get traction and expose ETH as wheezing poo.

At the same time I don't think it's going to stop the zombies trading ETH for a long arse time yet. No one is yet to care about actual uses for things like this. If Ripple can be older than BTC and still have achieved precisely fuck all and still be worth what it is, we have a long way to go before sense reigns.

Most likely it will be a Layer 2 BTC project.

Eventually most blockchains will be attacked and destroyed. Only the top chain of each hashing algorithm has any chance of survival, and even most of those will fall.
BobLawblaw
Legendary
*
Offline Offline

Activity: 1302
Merit: 1933


BitcoinTalk's Most Fabulously Gay Black Power-Top


View Profile
December 05, 2018, 10:47:17 PM

I don’t know about you but it’s defintely Thursday here. 

Damnit. Still have a full seven hours, and ten some-odd minutes CST here.
Last of the V8s
Legendary
*
Online Online

Activity: 1162
Merit: 2206


Be a bank.


View Profile
December 05, 2018, 10:48:10 PM

I deleted an anti-JJG broadcast somewhere up there^ for being slightly wrong, and slightly meh anyway.
half agree. in my defense i fell victim to a foul tesla troll earlier on, and am still stunned
LFC_Bitcoin
Copper Member
Legendary
*
Offline Offline

Activity: 1736
Merit: 1783


One of the world's leading Bitcoin-powered casinos


View Profile
December 05, 2018, 10:49:08 PM

I don’t know about you but it’s defintely Thursday here. 

Damnit. Still have a full seven hours, and ten some-odd minutes CST here.

Just over an hour to go here....
BTCMILLIONAIRE
Hero Member
*****
Offline Offline

Activity: 1218
Merit: 767



View Profile
December 05, 2018, 10:50:16 PM

I can already live off of my crypto earnings comfortably. The type of profits I suggested would be in a range where I could dump some 20~50m into the development of a game without even flinching about potentially never making it back.

That's a lot of BTC you're holding.


That is what I was thinking too...

Seems a bit more than the average WO participant, or even the elite end of the WO participants...

I am thinking that seems to be in the 600BTC plus arena to be able to consider that $20 to $50 million would be a drop in the bucket, in the event that BTC went to the $100k arena.

I wouldn't consider throwing 20-50m in a non-profitable hobby unless I have at least 10 times the amount so.... maybe a couple thousands of BTC (@$100K) to be comfortable with that "frivolous" spending.
I'd be flabbergasted if that hobby didn't turn out immensely profitable. I just wouldn't do it for the money and would be happy with just creating something that I could enjoy for numerous years of my life.

I also want to nudge it in a direction that fosters a try-harding mentality in casuals that is completely absent in today's instant gratification mainstream games to hopefully create a culture of non-complacent people that try to go out and do something that others would look at in awe. Without them noticing what is happening to them as they play (which is what happened to me as I spent around a decade full-time playing a single game).

Basically, a game that brainwashes people in doing something with their lives instead of buying a fucking iPhone every year with all of their savings.
JayJuanGee
Legendary
*
Offline Offline

Activity: 1918
Merit: 1791


How much alt coin diversification is needed? 0%?


View Profile
December 05, 2018, 10:51:54 PM

maths fail^ nosey fail^

What do you believe the math to be if you assert that you would have an extra $20 to $50 million to spend on projects (without batting an eye), if BTC price were to go to $100k?

I said 600BTC because that gives a bit of a cushion.

If a guy or gal only had 500 BTC, then s/he would only have $50 million in the event that BTC prices were to reach $100k... That would leave absolutely no cushion to feel comfortable doling out $50million on any kind of project.

You have better approximation numbers than me?  fucktwat?
Your Math is actually more than sensible on this one, given the assumption that $100k is the target.

Keep in mind that people could be satisfied with a relatively frugal lifestyle (not living in an insanely huge mansion, while still having cash for all the high-end nerd toys one would want; the most outrageous TVs are barely 10k, desktop computers at best half etc.). Not everyone needs lambos, yachts, planes or whatever the fuck rich people tend to get.

Developing a game that shits on the crappy triple A titles takes a very long time as well. And the full sum isn't going to be spent in one go, but over half a decade as a lower end estimate. That gives some wiggle room. There are also ways to be more economical about this if you're not in a rush to release a title to generate revenue. You can start small, lay a very strong foundation, then scale up with the years as necessary.


What I'm saying is, is that while the 600 BTC number is a very good guess (as the 10m difference to the higher end estimate is enough to live lavishly for the rest of one's life) it can be both significantly lower or higher.

AI is developing at a crazy speed as well with one crucial example being the ability of taking low resolution images and having an AI upscale it to high-resolution given enough training data (textures are one of the biggest cost factors in this industry). There also has been an AI that turned video material into a functioning game engine. Basically, the 20-50m estimate that is true for today's titles might very well be cut down to a fraction before Bitcoin hits 100k or whatever price.

I may be well off, but I'm sure others have much more than me. I certainly can't move the BTC/USD market, so I'm lightyears away from being a whale.

Well, you are the one who volunteered the $20million to $50 million "throw away money", so it seemed quite topical to explore the extent to which that might be reasonable for anyone to pull off and what kind of cushion anyone might consider to be prudent in order to make such a thing work decently and without too much personal psychological or fiscal stress.  I doubt that you need to provide additional personal particulars in order to appreciate that you have decently thought through some of the parameters including a kind of moving trajectory.. and surely, I understand as well that you were throwing $20 to $50million out there as a ballpark thinking point... and of course, peeps could draw from other sources, too, but yeah, if the funds are mostly coming from BTC appreciation.. then gosh 600 BTC does seem to be within a kind of minimum arena (for a kind of in the ball park of realistic frugality).
HairyMaclairy
Hero Member
*****
Offline Offline

Activity: 854
Merit: 1399


Degenerate bull hatter & Bitcoin monotheist


View Profile
December 05, 2018, 10:52:09 PM

Don’t fear the reaper

micgoossens
Hero Member
*****
Online Online

Activity: 714
Merit: 2160


We Vegeta !!!!


View Profile
December 05, 2018, 10:55:21 PM

Wow $3700 what is this bullshit.

you new here? ~if $2500 holds i might put in $100 and spin the wheel again? Wink weeee
Super new but I think I have caught on:


Micgoosens is from Kentucky and drinks strictly Bud light and works as a tattoo removal specialist.



Roll Eyes
kingcolex
Legendary
*
Offline Offline

Activity: 1862
Merit: 1176


OneHash.com - Mutual Betting & Casino


View Profile
December 05, 2018, 10:58:24 PM

Wow $3700 what is this bullshit.

you new here? ~if $2500 holds i might put in $100 and spin the wheel again? Wink weeee
Super new but I think I have caught on:


Micgoosens is from Kentucky and drinks strictly Bud light and works as a tattoo removal specialist.



Roll Eyes
Your edit fucked up your username too, happy to see I'm not the only one.

I also fucked up others so don't feel singles out.
BTCMILLIONAIRE
Hero Member
*****
Offline Offline

Activity: 1218
Merit: 767



View Profile
December 05, 2018, 11:00:58 PM

maths fail^ nosey fail^

What do you believe the math to be if you assert that you would have an extra $20 to $50 million to spend on projects (without batting an eye), if BTC price were to go to $100k?

I said 600BTC because that gives a bit of a cushion.

If a guy or gal only had 500 BTC, then s/he would only have $50 million in the event that BTC prices were to reach $100k... That would leave absolutely no cushion to feel comfortable doling out $50million on any kind of project.

You have better approximation numbers than me?  fucktwat?
Your Math is actually more than sensible on this one, given the assumption that $100k is the target.

Keep in mind that people could be satisfied with a relatively frugal lifestyle (not living in an insanely huge mansion, while still having cash for all the high-end nerd toys one would want; the most outrageous TVs are barely 10k, desktop computers at best half etc.). Not everyone needs lambos, yachts, planes or whatever the fuck rich people tend to get.

Developing a game that shits on the crappy triple A titles takes a very long time as well. And the full sum isn't going to be spent in one go, but over half a decade as a lower end estimate. That gives some wiggle room. There are also ways to be more economical about this if you're not in a rush to release a title to generate revenue. You can start small, lay a very strong foundation, then scale up with the years as necessary.


What I'm saying is, is that while the 600 BTC number is a very good guess (as the 10m difference to the higher end estimate is enough to live lavishly for the rest of one's life) it can be both significantly lower or higher.

AI is developing at a crazy speed as well with one crucial example being the ability of taking low resolution images and having an AI upscale it to high-resolution given enough training data (textures are one of the biggest cost factors in this industry). There also has been an AI that turned video material into a functioning game engine. Basically, the 20-50m estimate that is true for today's titles might very well be cut down to a fraction before Bitcoin hits 100k or whatever price.

I may be well off, but I'm sure others have much more than me. I certainly can't move the BTC/USD market, so I'm lightyears away from being a whale.

Well, you are the one who volunteered the $20million to $50 million "throw away money", so it seemed quite topical to explore the extent to which that might be reasonable for anyone to pull off and what kind of cushion anyone might consider to be prudent in order to make such a thing work decently and without too much personal psychological or fiscal stress.  I doubt that you need to provide additional personal particulars in order to appreciate that you have decently thought through some of the parameters including a kind of moving trajectory.. and surely, I understand as well that you were throwing $20 to $50million out there as a ballpark thinking point... and of course, peeps could draw from other sources, too, but yeah, if the funds are mostly coming from BTC appreciation.. then gosh 600 BTC does seem to be within a kind of minimum arena (for a kind of in the ball park of realistic frugality).
I'm fully expecting not to be able to start without having funds in that region because I can't possibly expect technological progress to just cut costs to a tenth or so, despite the feasibility. It's mostly a pipe dream, but one that I've been exploring over the years since actually having the option doesn't seem impossible, albeit not very likely. I spend a good amount of time every so often thinking about what I'd do if different scenarios play out, and this is just one.

There are also a few different plans to raise money without relying on Bitcorn, but I'm not sure I like the idea of being responsible for the livelihood of people as I like to just start and stop shit on a whim. I'm kind of like a moth flying from one blinking light to another, except that the light is some random shit that I start to find interesting for no particular reason. Can't do that when running a business, hence my involvement with finance. Can trade and invest without ever talking to anyone these days, what a time to be alive.
Last of the V8s
Legendary
*
Online Online

Activity: 1162
Merit: 2206


Be a bank.


View Profile
December 05, 2018, 11:05:21 PM

legacy plummeting Grin
HairyMaclairy
Hero Member
*****
Offline Offline

Activity: 854
Merit: 1399


Degenerate bull hatter & Bitcoin monotheist


View Profile
December 05, 2018, 11:07:02 PM

Fuck the banks.  Bring the pain.
Last of the V8s
Legendary
*
Online Online

Activity: 1162
Merit: 2206


Be a bank.


View Profile
December 05, 2018, 11:16:04 PM

What's going on? News? just fuckery?
Dimon?
edit: this?
https://www.zerohedge.com/news/2018-12-05/carnage-continues-us-futures-crash-re-open-after-huawei-cfo-arrest

moar https://twitter.com/StockBoardAsset/status/1070453637334294529
Pages: « 1 ... 21898 21899 21900 21901 21902 21903 21904 21905 21906 21907 21908 21909 21910 21911 21912 21913 21914 21915 21916 21917 21918 21919 21920 21921 21922 21923 21924 21925 21926 21927 21928 21929 21930 21931 21932 21933 21934 21935 21936 21937 21938 21939 21940 21941 21942 21943 21944 21945 21946 21947 [21948] 21949 21950 21951 21952 21953 21954 21955 21956 21957 21958 21959 21960 21961 21962 21963 21964 21965 21966 21967 21968 21969 21970 21971 21972 21973 21974 21975 21976 21977 21978 21979 21980 21981 21982 21983 21984 21985 21986 21987 21988 21989 21990 21991 21992 21993 21994 21995 21996 21997 21998 ... 24211 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!