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Question: Closing BTC Price June 17:
$0 - 3 (2.3%)
<$6,500 - 7 (5.3%)
$6,500-$6,750 - 1 (0.8%)
$6,751-$7,000 - 2 (1.5%)
$7,001-$7,250 - 3 (2.3%)
$7,251-$7,500 - 6 (4.6%)
$7,501-$7,750 - 4 (3.1%)
$7,751-$8,000 - 12 (9.2%)
$8,001-$8,250 - 13 (9.9%)
$8,251-$8,500 - 7 (5.3%)
$8,501-$8,750 - 6 (4.6%)
$8,751-$9,000 - 11 (8.4%)
$9,001,$9,250 - 13 (9.9%)
$9,251-$9,500 - 17 (13%)
>$9,500 - 17 (13%)
$20,000 - 9 (6.9%)
Total Voters: 131

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21225688 times)
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January 15, 2019, 07:31:57 PM

In a later tweet,
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January 15, 2019, 07:32:55 PM

kalashnikovs are the goto weapon for large parts of the world, and they do back a wallop with a heavy bullet. getting hit with a heavy bullet that size would not be pleasant at all.

Especially, if in the head.   Cheesy Cheesy Cheesy
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January 15, 2019, 07:37:44 PM

A 'pebble' falling from several kilometers (without any acceleration except for gravity) will kill you I think. At least that's what I remember my calculation of over a decade ago.

Did you account for air drag, or did you only consider gravitational acceleration?

At that time it would have lost all of its rotation and probably would be just tumbling with added air drag. A parabolic shoot on the other hand.... But still most probably not deadly... if it was so unfortunate to hit someone in the head/eyes/neck. Which is like an extremely small probability in itself. A hit to the body of person with clothes would probably just bounce (not without some moderate impact pain depending on clothes thickness) and not penetrate.

Sigh..we have to get ya'll some more edjumacation..just saying.

Quote
Out of the more than 500 shots fired from the test platform only 4 falling bullets struck the platform and one fell in the boat near the platform. One of the bullets striking the platform left a 1/16 inch deep mark in the soft pine board. The bullet struck base first.

Quote
Based on the results of these tests it was concluded that the bullet return velocity was about 300 f.p.s. For the 150 gr. bullet this corresponds to an energy of 30 foot pounds. Earlier the Army had determined that, on the average, it required 60 foot pounds of energy to produce a disabling wound. Based on this information, a falling 150 gr. service bullet would not be lethal, although it could produce a serious wound.

https://web.archive.org/web/20080331192517/http://www.loadammo.com/Topics/March01.htm

https://www.grc.nasa.gov/WWW/K-12/airplane/termv.html

We could dive into Stokes Law or Reynolds numbers but I think I will just leave it with this.

I dont know about you but a 1/16 inch dent in my skull sounds pretty painful...if not immediately lethal.

From your own data:

- Most of the bullets did not even hit the platform. (What I said about human pobablation density).
- 4 hit (out of 500), but only ONE left a 1.5mm mark on wood?

So even in that rare case most probably not deadly even if a head hit (surely painful) and, according to your own data: "Based on this information, a falling 150 gr. service bullet would not be lethal, although it could produce a serious wound"

It would not even penetrate the skull. There is hair, skin, meat, and bones all of which would cushion that 1.5mm dent better than wood. A serious concussion? Maybe. A slight probability of a deadly concussion? Yeah, but very slight indeed.

Anyway, no, I wouldn't want that random "lucky" bullet hitting me right in the middle of my fucking head or, even worse, an eye Smiley
In other words an unacceptable risk.
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January 15, 2019, 07:42:12 PM

A 'pebble' falling from several kilometers (without any acceleration except for gravity) will kill you I think. At least that's what I remember my calculation of over a decade ago.

Did you account for air drag, or did you only consider gravitational acceleration?

At that time it would have lost all of its rotation and probably would be just tumbling with added air drag. A parabolic shoot on the other hand.... But still most probably not deadly... if it was so unfortunate to hit someone in the head/eyes/neck. Which is like an extremely small probability in itself. A hit to the body of person with clothes would probably just bounce (not without some moderate impact pain depending on clothes thickness) and not penetrate.

Sigh..we have to get ya'll some more edjumacation..just saying.

Quote
Out of the more than 500 shots fired from the test platform only 4 falling bullets struck the platform and one fell in the boat near the platform. One of the bullets striking the platform left a 1/16 inch deep mark in the soft pine board. The bullet struck base first.

Quote
Based on the results of these tests it was concluded that the bullet return velocity was about 300 f.p.s. For the 150 gr. bullet this corresponds to an energy of 30 foot pounds. Earlier the Army had determined that, on the average, it required 60 foot pounds of energy to produce a disabling wound. Based on this information, a falling 150 gr. service bullet would not be lethal, although it could produce a serious wound.

https://web.archive.org/web/20080331192517/http://www.loadammo.com/Topics/March01.htm

https://www.grc.nasa.gov/WWW/K-12/airplane/termv.html

We could dive into Stokes Law or Reynolds numbers but I think I will just leave it with this.

I dont know about you but a 1/16 inch dent in my skull sounds pretty painful...if not immediately lethal.

From your own data:

- Most of the bullets did not even hit the platform. (What I said about human pobablation density).
- 4 hit (out of 500), but only ONE left a 1.5mm mark on wood?

So even in that rare case most probably not deadly even if a head hit (surely painful) and, according to your own data: "Based on this information, a falling 150 gr. service bullet would not be lethal, although it could produce a serious wound"

It would not even penetrate the skull. There is hair, skin, meat, and bones all of which would cushion that 1.5mm dent better than wood. A serious concussion? Maybe. A slight probability of a deadly concussion? Yeah, but very slight indeed.

Anyway, no, I wouldn't want that random "lucky" bullet hitting me right in the middle of my fucking head or, even worse, an eye Smiley
In other words an unacceptable risk.

Unacceptable? It depends. How much would would I get for you to fire 500 rounds straight up in the air and me standing in place waiting for the more than improbable non-lethal head hit?

P.S.: I have good hair, mind you.
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January 15, 2019, 07:42:42 PM

Hairy - thanks for the analysis but I'm not sure that logic holds (yet).
We're still looking at lower highs, and the recent move up didn't push past the 50-day MA. Meanwhile volumes are still down on what you'd expect for a bitcoin capitulation. I'd expect weekly volumes to rival the highest-volume week of the entire downtrend, like 200k BTC on Stamp.
Not suggesting we can't have seen the bottom yet, just that in my view it's certainly unconfirmed.

100% agree.  This is certainly not confirmed - it is a tentative hypothesis only.  The majority of technicals are against the bottom being in.

Really we have two choices.  Either Bitcoin price cycles are stable in length or they are getting longer.  

I am punting on the former but this is all about risk management.


Ah, cheers for the clarification. I doubt the cycles will be that different but a few days/weeks could make a lot of difference. We'll know soon.
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January 15, 2019, 07:47:46 PM

Or it didn’t happen
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January 15, 2019, 07:49:28 PM

A 'pebble' falling from several kilometers (without any acceleration except for gravity) will kill you I think. At least that's what I remember my calculation of over a decade ago.

Did you account for air drag, or did you only consider gravitational acceleration?

At that time it would have lost all of its rotation and probably would be just tumbling with added air drag. A parabolic shoot on the other hand.... But still most probably not deadly... if it was so unfortunate to hit someone in the head/eyes/neck. Which is like an extremely small probability in itself. A hit to the body of person with clothes would probably just bounce (not without some moderate impact pain depending on clothes thickness) and not penetrate.

Sigh..we have to get ya'll some more edjumacation..just saying.

Quote
Out of the more than 500 shots fired from the test platform only 4 falling bullets struck the platform and one fell in the boat near the platform. One of the bullets striking the platform left a 1/16 inch deep mark in the soft pine board. The bullet struck base first.

Quote
Based on the results of these tests it was concluded that the bullet return velocity was about 300 f.p.s. For the 150 gr. bullet this corresponds to an energy of 30 foot pounds. Earlier the Army had determined that, on the average, it required 60 foot pounds of energy to produce a disabling wound. Based on this information, a falling 150 gr. service bullet would not be lethal, although it could produce a serious wound.

https://web.archive.org/web/20080331192517/http://www.loadammo.com/Topics/March01.htm

https://www.grc.nasa.gov/WWW/K-12/airplane/termv.html

We could dive into Stokes Law or Reynolds numbers but I think I will just leave it with this.

I dont know about you but a 1/16 inch dent in my skull sounds pretty painful...if not immediately lethal.

From your own data:

- Most of the bullets did not even hit the platform. (What I said about human pobablation density).
- 4 hit (out of 500), but only ONE left a 1.5mm mark on wood?

So even in that rare case most probably not deadly even if a head hit (surely painful) and, according to your own data: "Based on this information, a falling 150 gr. service bullet would not be lethal, although it could produce a serious wound"

It would not even penetrate the skull. There is hair, skin, meat, and bones all of which would cushion that 1.5mm dent better than wood. A serious concussion? Maybe. A slight probability of a deadly concussion? Yeah, but very slight indeed.

Anyway, no, I wouldn't want that random "lucky" bullet hitting me right in the middle of my fucking head or, even worse, an eye Smiley
In other words an unacceptable risk.

Unacceptable? It depends. How much would would I get for you to fire 500 rounds straight up in the air and me standing in place waiting for the more than improbable non-lethal head hit?

P.S.: I have good hair, mind you.
You'd have to pay me for it. I know how americans love lawsuits. Besides it's not about you mister narcissist. It's about the people it actually does happen to, especially those who did not consent to random falling bullets. The more it's accepted the more people will do it the more people will get hurt.
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January 15, 2019, 07:51:11 PM

A 'pebble' falling from several kilometers (without any acceleration except for gravity) will kill you I think. At least that's what I remember my calculation of over a decade ago.

Did you account for air drag, or did you only consider gravitational acceleration?

At that time it would have lost all of its rotation and probably would be just tumbling with added air drag. A parabolic shoot on the other hand.... But still most probably not deadly... if it was so unfortunate to hit someone in the head/eyes/neck. Which is like an extremely small probability in itself. A hit to the body of person with clothes would probably just bounce (not without some moderate impact pain depending on clothes thickness) and not penetrate.

Sigh..we have to get ya'll some more edjumacation..just saying.

Quote
Out of the more than 500 shots fired from the test platform only 4 falling bullets struck the platform and one fell in the boat near the platform. One of the bullets striking the platform left a 1/16 inch deep mark in the soft pine board. The bullet struck base first.

Quote
Based on the results of these tests it was concluded that the bullet return velocity was about 300 f.p.s. For the 150 gr. bullet this corresponds to an energy of 30 foot pounds. Earlier the Army had determined that, on the average, it required 60 foot pounds of energy to produce a disabling wound. Based on this information, a falling 150 gr. service bullet would not be lethal, although it could produce a serious wound.

https://web.archive.org/web/20080331192517/http://www.loadammo.com/Topics/March01.htm

https://www.grc.nasa.gov/WWW/K-12/airplane/termv.html

We could dive into Stokes Law or Reynolds numbers but I think I will just leave it with this.

I dont know about you but a 1/16 inch dent in my skull sounds pretty painful...if not immediately lethal.

From your own data:

- Most of the bullets did not even hit the platform. (What I said about human pobablation density).
- 4 hit (out of 500), but only ONE left a 1.5mm mark on wood?

So even in that rare case most probably not deadly even if a head hit (surely painful) and, according to your own data: "Based on this information, a falling 150 gr. service bullet would not be lethal, although it could produce a serious wound"

It would not even penetrate the skull. There is hair, skin, meat, and bones all of which would cushion that 1.5mm dent better than wood. A serious concussion? Maybe. A slight probability of a deadly concussion? Yeah, but very slight indeed.

Anyway, no, I wouldn't want that random "lucky" bullet hitting me right in the middle of my fucking head or, even worse, an eye Smiley
In other words an unacceptable risk.

Unacceptable? It depends. How much would would I get for you to fire 500 rounds straight up in the air and me standing in place waiting for the more than improbable non-lethal head hit?

P.S.: I have good hair, mind you.
You'd have to pay me for it. I know how americans love lawsuits.


hahahah, I am Spanish not American, and a little bit crazy maybe, but no, indeed it would not be cheap for me to do that even if I (theoretically) consider the risk is very low in comparison to other daily activities... Not cheap at all, even if just for compensating me being scared as hell besides all the probabilities in my favour.
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January 15, 2019, 07:54:43 PM

I'm a little bit ashamed at myself at how horrible I am at prognosticating anything crypto-related, but the current issues with ETH, overall, has led me the seriously ponder; "Is ETH truly and honestly dead, and it just doesn't know it yet ?"

I can't see how it survives 2019 without plunging to at least half it's current valuation.

It almost feels like all the individual elements that have plagued ETH over the last couple years, have recently come together, and left it teetering on the edge of being declared a failed project.

The fact that it's nigh-impossible for the average joe to run a full, modern ETH node is a catastrophic oversight in retrospect.

Nah.

I'd say ETH is BTC-like right now.

BTC can't die because that's the entry gate to any crypto related project. For BTC to die it means all altcoins must die first.

ETH can't die because it's the baseground of all the shitcoin ICO projects. And there is too much potential (appart from all the stormshit) for it to die.

You have few coins that have any use, BTC and ETH are some of them.


I understand what you are saying, here, yet I still have conceptual difficulties with your placing BTC and ETH on similar grounds.

Sure, there is an on-boarding utility aspect to each coin, yet BTC is sound money, and as you acknowledge, ETH is a platform used to pump scams.

We can acknowledge these on-boarding similarity dynamics of both coins, and especially considering the sound money differentiation of bitcoin, and recognize that it could take 20 years or more for the various ICO scams to play out and for the sound money differentiation to magnetize the vast majority of value into BTC.

I'm a little bit ashamed at myself at how horrible I am at prognosticating anything crypto-related, but the current issues with ETH, overall, has led me the seriously ponder; "Is ETH truly and honestly dead, and it just doesn't know it yet ?"

I can't see how it survives 2019 without plunging to at least half it's current valuation.

It almost feels like all the individual elements that have plagued ETH over the last couple years, have recently come together, and left it teetering on the edge of being declared a failed project.

The fact that it's nigh-impossible for the average joe to run a full, modern ETH node is a catastrophic oversight in retrospect.

Bitcoin has a valid use cases TODAY, thus value and incentive to hold it and use it TODAY.

ETH has ??

Nothing but future promises on supposed future use cases for solutions for problems that don't really exist (because idealized, ivory tower bullshit, not reality), therefore no incentive to hold it or use it TODAY nor in the FUTURE. It's valuation at any time has zero to do with its utility, which is really nil.

ETH's "valid use case" today is it's facilitation of scams (including ICOs), so whether we like it or not, ETH has a "valid" (even though scam dependent) "today use case," no?
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January 15, 2019, 08:01:52 PM

I guess the point I was trying to make is it's probably not a good idea. I was trained to always to shoot at something, be it a practice target, the ground, a tree or the enemy. Not wildly into the air. ymmv.

--------
Bitcoin

Some short fibs as consolidation continues.
30m


Do to recent unforeseen circumstances we have several new positions open in our knife catcher department. Applicant's are encouraged to apply below...

A small dip perhaps followed by a weekend recovery? #dyor
3h

#stronghands'19

--

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January 15, 2019, 08:06:22 PM

So I guess people believe that as long as a crypto is secure, scales, has a good wallet, can run a node, and runs on good hardware, then....

....it really doesn't NEED TO HAVE ANY PURPOSE FOR EXISTING BEYOND THOSE THINGS TO BE A SUCCESS??

Are you guys for real? Those are all just technical details, that can be easily cloned and replicated with the click of a mouse.

I don't understand why you, Torque, have this tendency to describe some general point of view, and than attribute such point of view to "you guys." 

Is this just an ongoing figure of speech of yours, or are you always engaging in such generalization fallacies in your way of thinking about matters? 

As if you are the only person that has any original perspective, and all other thoughts fall into a glob of "you guys think?"   Or a Straw man, way of presentation?
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January 15, 2019, 08:09:13 PM
Last edit: January 15, 2019, 08:19:18 PM by bitserve

I guess the point I was trying to make is it's probably not a good idea. I was trained to always to shoot at something, be it a practice target, the ground, a tree or the enemy. Not wildly into the air. ymmv.


Oh yeah, I totally agree. My father used to shoot .22 cal bullets straight up in the air in the middle of the fucking city when we were testing some homemade silencers I used to make (not anymore, I am a totally law abiding citizen and have always been since I was 18+) and I remember I was very uncomfortable and upset with him for that because I speculated about the possibility of someone being hit by the falling bullets even if miles away. He never even considered my opinion and now I think he was probably right... At least now that I can get my calculations right. Still I think it was wrong and a perfectly avoidable risk no matter what.
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January 15, 2019, 08:09:21 PM

https://dailystormer.name/gillette-metoo-ad-criticizing-toxic-masculinity-gets-downvoted-to-hell-on-youtube/
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January 15, 2019, 08:11:46 PM

Some events, Bitcoin, Blockchain and Crypto.

Code:
Event Location     Date     Country

CES Las Vegas Las Vegas Jan 08, 2019 US
Blockchain Connect San Francisco Jan 11, 2019 US
UNLOCK Blockchain Dubai Jan 15, 2019 Arab Emirates
North American Bitcoin Conference Miami Jan 16, 2019 Arab Emirates
Binance Blockchain Week Singapore Jan 19, 2019 Singapur
Bitcoin: 10 Years (2009 - 2019) Bitcoin City Arnhem Jan 20, 2019 Netherlands
2nd Annual CHAINERS Blockchain Week Seoul Jan 23, 2019 South Korea
Crypto Pro Expo San Francisco Jan 29, 2019 US
Japan Blockchain Conference Yokohama Jan 30, 2019 Japan
Blockchain & Automated IT for Government Summit Arlington Jan 31, 2019 US
Wall Street Blockchain Summit New York Jan 31, 2019 US

Advancing Bitcoin London Feb 07, 2019 United Kingdom
Blockchain in Oil and Gas Canada Calgary Feb 12, 2019 Canada
Blockchain Economy Istanbul Summit Istanbul Feb 20, 2019 Turkey

Fintech Week Tel Aviv Tel Aviv Mar 04, 2019 Israel
DC Blockchain Summit Washington, DC Mar 06, 2019 US
Cryptocurrency World Expo Zug, Summit Switzerland Mar 08, 2019 Switzerland
Asia Crypto Week Hong Kong Mar 11, 2019 China
Shared Services & Outsourcing Week Orlando Mar 11, 2019 US
Blockchain Technology World London Mar 12, 2019 United Kingdom
TOKEN2049 Hong Kong Mar 13, 2019 China
Money20/20 Asia Singapore Singapore Mar 19, 2019 Singapur
Mallorca Blockchain Days Mallorca Mar 22, 2019 Spain

Blockchain Summit Austria Vienna Apr 02, 2019 Austria
CryptoBlockCon, Los Angeles Los Angeles Apr 03, 2019 US
LendIt Fintech USA San Francisco Apr 08, 2019 US
Seamless Middle East Dubai Apr 10, 2019 Arab Emirates
Stockholm Blockchain Forum Stockholm Apr 11, 2019 Sweden
Paris Blockchain Week Paris Apr 16, 2019 France
Blockchain Life Asia Singapore Apr 23, 2019 Singapore
Blockchain Expo Global London Apr 25, 2019 United Kingdom
European Payment Summit The Hague Apr 26, 2019 Netherlands

Malta Blockchain Summit Malta May 23, 2019 Malta

Token Fest - The Business of Blockchain Tel Aviv Jun 03, 2019 Israel
CoinsBank Blockchain Cruise Barcelona Jun 09, 2019 Spain
UNCHAIN, Berlin Germany Jun 13, 2019 Germany
Blockchain Expo Europe Amsterdam Jun 19, 2019 Netherlands

Did you compile this list yourself?  What were your sources?
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January 15, 2019, 08:12:08 PM

So I guess people believe that as long as a crypto is secure, scales, has a good wallet, can run a node, and runs on good hardware, then....

....it really doesn't NEED TO HAVE ANY PURPOSE FOR EXISTING BEYOND THOSE THINGS TO BE A SUCCESS??

Are you guys for real? Those are all just technical details, that can be easily cloned and replicated with the click of a mouse.

I don't understand why you, Torque, have this tendency to describe some general point of view, and than attribute such point of view to "you guys."  

Is this just an ongoing figure of speech of yours, or are you always engaging in such generalization fallacies in your way of thinking about matters?  

As if you are the only person that has any original perspective, and all other thoughts fall into a glob of "you guys think?"   Or a Straw man, way of presentation?

They know who they are JJG. Obviously not you. Unless you secretly think the shitcoins du jour have any purpose for existing or real world value, in which, I'd be glad to debate that with you.


ETH's "valid use case" today is it's facilitation of scams (including ICOs), so whether we like it or not, ETH has a "valid" (even though scam dependent) "today use case," no?

Sorry but no. To facilitate scams is not a value-add purpose for existing. That's total bullshit.
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January 15, 2019, 08:16:44 PM

Im nowhere on the centralised trustles default pseudo trustlist (2nd layer)

my name is mud Sad




I don't know how it exactly works, but I have you in my white trustbox if that is worth anything Roll Eyes

yeah, the whole "trust" thing seems very opaque to me

I did add FlensGold to my white box as he is the one member that ever had the opportunity to steal from me and didn't.

when someone has a clear chance of stealing, and does not steal.... yeah that earns trust
 

Credit where it is due but... except people behaviour may change depending on the circumstances. Never forget that.

Never trust anyone that have nothing to lose and much to gain by cheating you.

Don't trust, verify.

P.S.: Also, the fact that someone is trustable doesn't mean his criteria about other people trust may be correct. In fact it is usually the contrary.

Sometimes there can be a longcon going on, too (which might be your reference, bitserve?), and in that regard, there would be several small opportunities to steal that are not realized, but result in a BIG stealing event that comes later on down the line.  It seems that there have been quite a few longcon examples that have taken place in bitcoin, bitcointalk and crypto... which boils down to guys (and perhaps gal?) building up confidence over time, and then later running off with the funds in an exit scam.
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January 15, 2019, 08:16:44 PM

https://twitter.com/stormXBT/status/1085228950861893633

latest RUSSIA NEWS straight from the head itself Roll Eyes
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January 15, 2019, 08:17:54 PM

Unless you secretly think the shitcoins du jour have any purpose for existing or real world value, in which, I'd be glad to debate that with you.

Every single craptocurrency is the same Torque.  Stop pretending there's a difference between any of them.  They're ALL designed to centralize garbage.  The only thing Bitcoin should be evaluated on is:  DOES PoW do anything useful at all?  The answer is NO.  It fails miserably.  And every PoW alternative is even worse.  If the consensus mechanism is a complete failure and centralized immediately after release, what's left over?  Nothing.  Just a linked list.
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January 15, 2019, 08:19:01 PM

https://www.zerohedge.com/news/2019-01-15/bnp-trader-suffers-80-million-loss-after-putting-wrong-trade-then-leaving-vacation

BNP workers Roll Eyes
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January 15, 2019, 08:32:50 PM



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