Bitcoin Forum
October 28, 2020, 12:41:45 AM *
News: Latest Bitcoin Core release: 0.20.0 [Torrent]
 
   Home   Help Search Login Register More  
Poll
Question: Oct. 23 Closing Price:
<$8,000 - 2 (3%)
$8,000-$8,500 - 0 (0%)
$8,500-$9,000 - 0 (0%)
$9,000-$9,500 - 0 (0%)
$9,500-$10,000 - 0 (0%)
$10,000-$10,500 - 1 (1.5%)
$10,500-$11,000 - 0 (0%)
$11,000-$11,500 - 3 (4.5%)
$11,500-$12,000 - 5 (7.6%)
$12,000-$12,500 - 16 (24.2%)
$12,500-$13,000 - 12 (18.2%)
$13,000-$13,500 - 8 (12.1%)
$13,500-$14,000 - 5 (7.6%)
>$14,000 - 14 (21.2%)
Total Voters: 66

Pages: « 1 ... 24210 24211 24212 24213 24214 24215 24216 24217 24218 24219 24220 24221 24222 24223 24224 24225 24226 24227 24228 24229 24230 24231 24232 24233 24234 24235 24236 24237 24238 24239 24240 24241 24242 24243 24244 24245 24246 24247 24248 24249 24250 24251 24252 24253 24254 24255 24256 24257 24258 24259 [24260] 24261 24262 24263 24264 24265 24266 24267 24268 24269 24270 24271 24272 24273 24274 24275 24276 24277 24278 24279 24280 24281 24282 24283 24284 24285 24286 24287 24288 24289 24290 24291 24292 24293 24294 24295 24296 24297 24298 24299 24300 24301 24302 24303 24304 24305 24306 24307 24308 24309 24310 ... 27423 »
  Print  
Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 23548884 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.)
dyask
Hero Member
*****
Offline Offline

Activity: 854
Merit: 510


View Profile
June 29, 2019, 05:13:27 AM

You think the present day power consumption of Bitcoin can increase by two orders of magnitude?  HAHAHAHAHA.

Over time the block rewards will decline and miners will also actually use less power but the cost for the hardware will probably be more of a factor than the cost of power at some point.   However when it comes to the amount of power that can be used ... considering that current world's power requirements could be handled with less than 120,000 sq km of solar panels ... at growth of 100x power use for bitcoin over the next 100 years won't be an issue.   Like metals, energy is actually in abundance, we just haven't had the technology in place to use it.   (120k sq km is about 0.024% of the earth's surface area, I just showing how little of our available power we actually use.  Solar is only one technology, fusion based power plants could exist 100 years from now.)  

A few years ago I really thought power would be a problem, but then I started doing some computations.   Energy isn't the issue, technology and politics are the issues.   However since bitcoin depends more on networks than location, politics can be bypassed.    
1603845705
Hero Member
*
Offline Offline

Posts: 1603845705

View Profile Personal Message (Offline)

Ignore
1603845705
Reply with quote  #2

1603845705
Report to moderator
No Gods or Kings. Only Bitcoin
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
eddie13
Legendary
*
Offline Offline

Activity: 1652
Merit: 1520


BTC or BUST


View Profile
June 29, 2019, 05:26:49 AM

It kind of pissed me off. I was taking my sweet ass time accumulating in the $3K-$4K range. I assumed we'd probably still be there now.

I only ended up re-buying half of what I had originally planned

#shakeout
VB1001
Hero Member
*****
Offline Offline

Activity: 756
Merit: 2300


<<CypherPunkCat>>


View Profile WWW
June 29, 2019, 05:35:18 AM
Merited by mersal (1)



Quote
So apparently there are only 70 days that Bitcoin has been unprofitable to buy. This means that if you you’ve bought Bitcoin at any random point in time there a 98.17% chance that you’re profitable!

https://twitter.com/AltcoinSara/status/1144650654662758400

I like it, the first coffee of seeing this graphic.

Good morning WO,s
JayJuanGee
Legendary
*
Online Online

Activity: 2422
Merit: 3367


How much alt coin diversification is needed? 0%?


View Profile
June 29, 2019, 05:42:52 AM

IMO moon and $13,800 was not the top. Follow 3 day RSI and look for a top to form when 3 day RSI is over 90. I believe $10,300 was the local bottom.

It's truly jaw-dropping to think we may never see four digits again. Everybody thought there'd be copious time to accumulate... nope.

Hhahahahaha

Gotta get in while the getting is good... can't be waiting around for a lower price.

Of course, you can buy more if the price goes down, but you should not be diddally daddaling around attempting to time lower prices.

I think that Mindrust was a decent example, at least he seemed to be buying on an ongoing basis - even though it was painful.

Part of his problem, recently is that he sold some BTC with some kind of expectation to buy back lower, which is NOT how we should be playing this game when we are in an accumulation phase.  Once we pass the accumulation phase, we can become a bit more reckless and risk-taking.. but even folks like me don't tend to sell on the way down.. I just sell on the way up and buy on the way down..
mersal
Member
**
Offline Offline

Activity: 980
Merit: 33


View Profile
June 29, 2019, 06:13:41 AM



Quote
So apparently there are only 70 days that Bitcoin has been unprofitable to buy. This means that if you you’ve bought Bitcoin at any random point in time there a 98.17% chance that you’re profitable!

https://twitter.com/AltcoinSara/status/1144650654662758400

I like it, the first coffee of seeing this graphic.

Good morning WO,s
Downloaded this pic.

And will show it to everyone who says bitcoin is the most risky thing to invest. Kiss

Will be better we can have some comparision like this to gold since we had bitcoin.

Possible?
jojo69
Legendary
*
Offline Offline

Activity: 1918
Merit: 2553


no FOMO


View Profile
June 29, 2019, 06:26:19 AM

this is perfect
deepcolderwallet
Full Member
***
Offline Offline

Activity: 294
Merit: 103



View Profile
June 29, 2019, 06:36:42 AM

Does anyone want to have a local copy of this thread? I could compress all pages into a downloadable file, so you can search the raw HTML for old posts.

How big would that be? Put it in the BSV blockchain, they have gigabyte blocks. The only other thing there are weather stuff.

You're evil!
alevlaslo
Hero Member
*****
Offline Offline

Activity: 1680
Merit: 588


View Profile WWW
June 29, 2019, 06:38:00 AM

Altcoins will disappear because bitcoin can do anything and they do not make sense. Only BSV will remain because this is the version of bitcoin with a large block that is needed
becoin
Legendary
*
Offline Offline

Activity: 2730
Merit: 1083



View Profile
June 29, 2019, 06:38:44 AM

Good news-it would mean unbelievable prices ahead (300K-500K)

You braindead, idiot scammers in this thread have NEVER once explained how the price of Bitcoin can go to $500k or even $50k while cost of production is $3-6k. 

The cost of production of $100 bill is $0.18. The cost of production of digital $ tokens is virtually zero, just a few key strokes on the keyboard. Well, who is the braindead idiot scammer in this thread?
Saint-loup
Legendary
*
Offline Offline

Activity: 1316
Merit: 1233


C.D.P.E.M


View Profile
June 29, 2019, 06:45:05 AM

You think the present day power consumption of Bitcoin can increase by two orders of magnitude?  HAHAHAHAHA.

Over time the block rewards will decline and miners will also actually use less power but the cost for the hardware will probably be more of a factor than the cost of power at some point.   However when it comes to the amount of power that can be used ... considering that current world's power requirements could be handled with less than 120,000 sq km of solar panels ... at growth of 100x power use for bitcoin over the next 100 years won't be an issue.   Like metals, energy is actually in abundance, we just haven't had the technology in place to use it.   (120k sq km is about 0.024% of the earth's surface area, I just showing how little of our available power we actually use.  Solar is only one technology, fusion based power plants could exist 100 years from now.)  

A few years ago I really thought power would be a problem, but then I started doing some computations.   Energy isn't the issue, technology and politics are the issues.   However since bitcoin depends more on networks than location, politics can be bypassed.
Ok but I think nobody cares about the price in one century or even 2 or 3 decades. We are talking about the price in few years/months here.
JayJuanGee
Legendary
*
Online Online

Activity: 2422
Merit: 3367


How much alt coin diversification is needed? 0%?


View Profile
June 29, 2019, 06:57:28 AM

You think the present day power consumption of Bitcoin can increase by two orders of magnitude?  HAHAHAHAHA.

Over time the block rewards will decline and miners will also actually use less power but the cost for the hardware will probably be more of a factor than the cost of power at some point.   However when it comes to the amount of power that can be used ... considering that current world's power requirements could be handled with less than 120,000 sq km of solar panels ... at growth of 100x power use for bitcoin over the next 100 years won't be an issue.   Like metals, energy is actually in abundance, we just haven't had the technology in place to use it.   (120k sq km is about 0.024% of the earth's surface area, I just showing how little of our available power we actually use.  Solar is only one technology, fusion based power plants could exist 100 years from now.)  

A few years ago I really thought power would be a problem, but then I started doing some computations.   Energy isn't the issue, technology and politics are the issues.   However since bitcoin depends more on networks than location, politics can be bypassed.
Ok but I think nobody cares about the price in one century or even 2 or 3 decades. We are talking about the price in few years/months here.

I am planning to be dead in about 3-5 decades (and that is being very charitable regarding my longevity)...

So, yeah, starting to cash out some in a few years might be a good plan.. .that way can enjoy some of it.. and spread it to some others.
mersal
Member
**
Offline Offline

Activity: 980
Merit: 33


View Profile
June 29, 2019, 07:35:27 AM

Altcoins will disappear because bitcoin can do anything and they do not make sense. Only BSV will remain because this is the version of bitcoin with a large block that is needed
Just made me fell down while laughing at this.
via Imgflip Meme Generator

Its nothing but a sarcasm. Grin
vroom
Sr. Member
****
Offline Offline

Activity: 927
Merit: 347


a Cray can run an endless loop in under 4 hours


View Profile
June 29, 2019, 08:01:20 AM

Btw Micg is emotional.... gotta pick up my queen in a few hours from now !!!!!

the 2 primary emotions of a man are hunger and horniness.  Grin
fillippone
Hero Member
*****
Online Online

Activity: 868
Merit: 4371


Merit Rascal


View Profile
June 29, 2019, 08:02:14 AM

You think the present day power consumption of Bitcoin can increase by two orders of magnitude?  HAHAHAHAHA.

Over time the block rewards will decline and miners will also actually use less power but the cost for the hardware will probably be more of a factor than the cost of power at some point.   However when it comes to the amount of power that can be used ... considering that current world's power requirements could be handled with less than 120,000 sq km of solar panels ... at growth of 100x power use for bitcoin over the next 100 years won't be an issue.   Like metals, energy is actually in abundance, we just haven't had the technology in place to use it.   (120k sq km is about 0.024% of the earth's surface area, I just showing how little of our available power we actually use.  Solar is only one technology, fusion based power plants could exist 100 years from now.)  

A few years ago I really thought power would be a problem, but then I started doing some computations.   Energy isn't the issue, technology and politics are the issues.   However since bitcoin depends more on networks than location, politics can be bypassed.
Ok but I think nobody cares about the price in one century or even 2 or 3 decades. We are talking about the price in few years/months here.

I am planning to be dead in about 3-5 decades (and that is being very charitable regarding my longevity)...

So, yeah, starting to cash out some in a few years might be a good plan.. .that way can enjoy some of it.. and spread it to some others.

I saw a few studies of demographics of people entering bitcoin: young people in their 20’ s looking at crypto’s to invest their little savings: crypto can be to generation alpha (post 2000) what stock market has been to baby boomers.
Well your point is also interesting: early bitcoin adopters probably were in their 30’s. So their hodl won’t be indefinite, but they will start cashing out sooner or later. Also because they DO HODL massive amounts of Coins.
El duderino_
Legendary
*
Offline Offline

Activity: 1218
Merit: 4269


Let's moon together #DUDEphilosophy


View Profile
June 29, 2019, 08:04:06 AM
Merited by Globb0 (2)

Btw Micg is emotional.... gotta pick up my queen in a few hours from now !!!!!

the 2 primary emotions of a man are hunger and horniness.  Grin

Haha waiting at the AirPort as we write Cheesy

2 emotions taking care of today Cheesy
JayJuanGee
Legendary
*
Online Online

Activity: 2422
Merit: 3367


How much alt coin diversification is needed? 0%?


View Profile
June 29, 2019, 08:14:29 AM

You think the present day power consumption of Bitcoin can increase by two orders of magnitude?  HAHAHAHAHA.

Over time the block rewards will decline and miners will also actually use less power but the cost for the hardware will probably be more of a factor than the cost of power at some point.   However when it comes to the amount of power that can be used ... considering that current world's power requirements could be handled with less than 120,000 sq km of solar panels ... at growth of 100x power use for bitcoin over the next 100 years won't be an issue.   Like metals, energy is actually in abundance, we just haven't had the technology in place to use it.   (120k sq km is about 0.024% of the earth's surface area, I just showing how little of our available power we actually use.  Solar is only one technology, fusion based power plants could exist 100 years from now.)  

A few years ago I really thought power would be a problem, but then I started doing some computations.   Energy isn't the issue, technology and politics are the issues.   However since bitcoin depends more on networks than location, politics can be bypassed.
Ok but I think nobody cares about the price in one century or even 2 or 3 decades. We are talking about the price in few years/months here.

I am planning to be dead in about 3-5 decades (and that is being very charitable regarding my longevity)...

So, yeah, starting to cash out some in a few years might be a good plan.. .that way can enjoy some of it.. and spread it to some others.

I saw a few studies of demographics of people entering bitcoin: young people in their 20’ s looking at crypto’s to invest their little savings: crypto can be to generation alpha (post 2000) what stock market has been to baby boomers.
Well your point is also interesting: early bitcoin adopters probably were in their 30’s. So their hodl won’t be indefinite, but they will start cashing out sooner or later. Also because they DO HODL massive amounts of Coins.

Depending on our level of confidence, we can cash out in large chunks or incrementally... like my plan to cash out 1% per quarter.

However, if I have some emergency issues, I might feel it necessary to cash out more.  My cashing out will probably not be price dependent because I have a lot of cushion; however, my opinion now could be changed if I become no longer an accumulator and maintainer, but instead someone who is either regularly cashing out with a kind of passive income or if I also chose to delve deeper into cashing out some of the principle, too.

In either event, I still consider my beginning any kind of cashing out, whether lighter or heavier, to be at minimum a few years away... and most likely would start out as a kind of light and incremental cashing out rather than the heavier possible cashing out variation.
El duderino_
Legendary
*
Offline Offline

Activity: 1218
Merit: 4269


Let's moon together #DUDEphilosophy


View Profile
June 29, 2019, 08:16:11 AM

via Imgflip Meme Generator

Sweet 7’s Smiley
jbreher
Legendary
*
Offline Offline

Activity: 2884
Merit: 1504


lose: unfind ... loose: untight


View Profile
June 29, 2019, 08:40:08 AM

Does anyone want to have a local copy of this thread? I could compress all pages into a downloadable file, so you can search the raw HTML for old posts.

How big would that be? Put it in the BSV blockchain, they have gigabyte blocks. The only other thing there are weather stuff.

Don't mean to get technical on you all the sudden by I was looking into it the other day and as of right now its only possible to cram 100 KB of data into a single BSV transaction (or 4 JJG posts -- sorry JJG, you know I'm still a fan).

BSV has long had widely-distributed tools to split larger files into multiple txs, and concatenate them upon retrieval into original large files.

I would prefer my posts to not be broken up, otherwise they might be read out of context.  PLEASE tell craig.

I'm not in regular contact with Craig, so will be unable to pass along your request.

That said, these tools surrounding the SV protocol are standalone items created by unrelated individuals. So Craig is not involved in these. What's more, nChain is not involved. See, SV is a wonderously rich ecosystem of scads of unrelated parties all building atop Bitcoin.

Further, perhpas you missed where I clearly stated "... concatenate them upon retrieval into original large files"
Cryptotourist
Hero Member
*****
Offline Offline

Activity: 742
Merit: 551


Homo Sapiens Bitcoinerthalensis


View Profile
June 29, 2019, 09:18:48 AM

Seriously jbreher, don't you ever get tired of this shit?
Globb0
Legendary
*
Online Online

Activity: 2408
Merit: 1956


Twitch.tv/Globb0 Thanks everyone for your support


View Profile
June 29, 2019, 09:21:34 AM

Does anyone want to have a local copy of this thread? I could compress all pages into a downloadable file, so you can search the raw HTML for old posts.

How big would that be? Put it in the BSV blockchain, they have gigabyte blocks. The only other thing there are weather stuff.

Don't mean to get technical on you all the sudden by I was looking into it the other day and as of right now its only possible to cram 100 KB of data into a single BSV transaction (or 4 JJG posts -- sorry JJG, you know I'm still a fan).

BSV has long had widely-distributed tools to split larger files into multiple txs, and concatenate them upon retrieval into original large files.

I heard somewhere (I only come here lol) they also have backup servers to roll back any crap.

So might just be wasted money, unless maybe to demonstrate the centralisation (that no one doubts anyway)


Pages: « 1 ... 24210 24211 24212 24213 24214 24215 24216 24217 24218 24219 24220 24221 24222 24223 24224 24225 24226 24227 24228 24229 24230 24231 24232 24233 24234 24235 24236 24237 24238 24239 24240 24241 24242 24243 24244 24245 24246 24247 24248 24249 24250 24251 24252 24253 24254 24255 24256 24257 24258 24259 [24260] 24261 24262 24263 24264 24265 24266 24267 24268 24269 24270 24271 24272 24273 24274 24275 24276 24277 24278 24279 24280 24281 24282 24283 24284 24285 24286 24287 24288 24289 24290 24291 24292 24293 24294 24295 24296 24297 24298 24299 24300 24301 24302 24303 24304 24305 24306 24307 24308 24309 24310 ... 27423 »
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!