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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21330896 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. (104 posts by 20 users deleted.)
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July 26, 2019, 11:15:58 AM

Interesting if say LFC or Mic would sell all their btc now (hypothetically) and convert it to silver where would they keep all that silver? They would probably need a separate room at the very least. Maybe even a separate building or keep it in a bank vault?  Grin

Cashing out or relocation would then require a semi truck to carry out  Grin
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July 26, 2019, 11:16:58 AM

Don't need a run of 2011-2014 for BTC to go until 100K$+

Don't need a run like 2015-2017 neither.

That's kind of my point...

On January 1st, 2011 the price of BTC was $0.30
On January 1st, 2014 the price of BTC was $747

That's a 2,490x gain.

If BTC did that from now over the next 3 years, that would make it about $24.4 million a coin by 7/26/2022.

Don't think any of us are holding out for that type of gain!

The alts Bubble's/run will happen again, till we will stay in a early adoption/stage (and until some projects will be definitely dead).

I'm not so sure it will. Some alts will be carried by their own merit and ability to prove themselves as penetrating mainstream adoption, but we definitely won't have a situation like 2017 where any old shitcoin, coins like CLAMS and TIT, are skyrocketing thousands of percent.
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July 26, 2019, 11:18:31 AM

A message of hope from @100TrillionUSd:

https://twitter.com/100trillionUSD/status/1154712314995781634?s=20

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#bitcoin bull markets seem to start at difficulty bottoms.

We saw difficulty bottoms (miner capitulation) in Dec 2011 ($4.6), May 2015 ($230) and Dec 2018 ($3691). Price continues to rise from these bottoms until ATH around 100x .. implying a continuing uptrend until $370K ATH.

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July 26, 2019, 11:24:17 AM

Don't need a run of 2011-2014 for BTC to go until 100K$+

Don't need a run like 2015-2017 neither.

That's kind of my point...

On January 1st, 2011 the price of BTC was $0.30
On January 1st, 2014 the price of BTC was $747

That's a 2,490x gain.

If BTC did that from now over the next 3 years, that would make it about $24.4 million a coin by 7/26/2022.

Don't think any of us are holding out for that type of gain!

The alts Bubble's/run will happen again, till we will stay in a early adoption/stage (and until some projects will be definitely dead).




I'm not so sure it will. Some alts will be carried by their own merit and ability to prove themselves as penetrating mainstream adoption, but we definitely won't have a situation like 2017 where any old shitcoin, coins like CLAMS and TIT, are skyrocketing thousands of percent.


CLAMS is a very bad example because 80/90% of the tokens are owned by the team..

I don't think as well that ALL shitcoins will grow 1 000% or 10 000% during the next alts bubble, but some of them probably.

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July 26, 2019, 11:25:21 AM

Interesting if say LFC or Mic would sell all their btc now (hypothetically) and convert it to silver where would they keep all that silver? They would probably need a separate room at the very least. Maybe even a separate building or keep it in a bank vault?  Grin

I just googled, silver in the UK seems to be £420 ish for 1KG so yeah I think all of us would need a large space to convert our HODL stash into silver.

It’s be a lot easier to keep physical gold at £37,000 per kilo.

I won’t lie, there is something mesmerising about physical gold. I can imagine walking into a room stacked high with physical gold bars & being amazed.

I much prefer my chances of immense wealth through bitcoin though.
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July 26, 2019, 11:33:50 AM

Interesting if say LFC or Mic would sell all their btc now (hypothetically) and convert it to silver where would they keep all that silver? They would probably need a separate room at the very least. Maybe even a separate building or keep it in a bank vault?  Grin

I just googled, silver in the UK seems to be £420 ish for 1KG so yeah I think all of us would need a large space to convert our HODL stash into silver.

It’s be a lot easier to keep physical gold at £37,000 per kilo.

I won’t lie, there is something mesmerising about physical gold. I can imagine walking into a room stacked high with physical gold bars & being amazed.

I much prefer my chances of immense wealth through bitcoin though.

I can imagine expression on a burglar's face when he would enter such a gold-filled room
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July 26, 2019, 11:35:53 AM

Interesting if say LFC or Mic would sell all their btc now (hypothetically) and convert it to silver where would they keep all that silver? They would probably need a separate room at the very least. Maybe even a separate building or keep it in a bank vault?  Grin

I just googled, silver in the UK seems to be £420 ish for 1KG so yeah I think all of us would need a large space to convert our HODL stash into silver.

It’s be a lot easier to keep physical gold at £37,000 per kilo.

I won’t lie, there is something mesmerising about physical gold. I can imagine walking into a room stacked high with physical gold bars & being amazed.

I much prefer my chances of immense wealth through bitcoin though.

I can imagine expression on a burglar's face when he would enter such a gold-filled room

You’d need a truck & multiple man gang to shift this, wouldn’t be quick either.



Is this pic r0ach porn?
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July 26, 2019, 11:36:36 AM

I can imagine walking into a room stacked high with physical gold bars & being amazed.

I'd be perfectly content with a few lumps of wood painted in a convincing manner. And when society collapses it'll have an actual use in keeping me warm.
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July 26, 2019, 11:49:23 AM

You shitcoiners don't seem to understand where Bitcoin price growth originates from:  expansion of mining and the artificial scarcity Ponzi known as halvings.  The price cannot go to a zillion dollars each while cost of production to mine a Bitcoin is $3k.  The second there's a large disparity in market price and production price, all the miners immediately dump, as well as most speculators that keep tabs on things like this.

Unlike previous pump and dumps, in the last pump and dump to $20k, there was no real expansion of mining in response to the price so mining appears to be peaking out.  Mining obviously cannot expand forever, so I don't know why anyone would find it shocking Bitcoin reaching peak mining an entire 10 years after release.  For the price of Bitcoin to go to $100k, mining would need to expand more than 10x higher than it already is and Bitcoin would probably use more power than the entire United States.  It ain't happening.  Bitcoin's main driver of price - mining expansion - is now gone.
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July 26, 2019, 11:56:08 AM
Merited by LFC_Bitcoin (1)

You shitcoiners don't seem to understand where Bitcoin price growth originates from:  expansion of mining and the artificial scarcity Ponzi known as halvings.  The price cannot go to a zillion dollars each while cost of production to mine a Bitcoin is $3k.  The second there's a large disparity in market price and production price, all the miners immediately dump, as well as most speculators that keep tabs on things like this.

Unlike previous pump and dumps, in the last pump and dump to $20k, there was no real expansion of mining in response to the price so mining appears to be peaking out.  Mining obviously cannot expand forever, so I don't know why anyone would find it shocking Bitcoin reaching peak mining an entire 10 years after release.  For the price of Bitcoin to go to $100k, mining would need to expand more than 10x higher than it already is and Bitcoin would probably use more power than the entire United States.  It ain't happening.  Bitcoin's main driver of price - mining expansion - is now gone.

As for the 2013 ATH or the 2017 ATH, you forget an essential point : THE DISCOVERY PRICE when you surpass a previous ATH

There is no rationality here, so we really don't care about the mining price or the electricity consumption because this is not the point during this type of market cycle (bullrun / parabolic)

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July 26, 2019, 01:33:17 PM

/offtopic starts

I´d like to reccomend you a Netflix serie, La casa de papel (Money Heist)

"The story in the first two parts revolves around a long-prepared, multi-day assault on the Royal Mint of Spain in which a team of people take hold of hostages as part of their plan to print, and escape with, €2.4 billion. "

...tldr: they print their own money for days.

Bitcoin cameo: S2E3, they consider buying a tank for 60 BTC from the deep web.


"The third part revolves around an assault on the Bank of Spain.".. they stole Spain gold reserve. Inside the bank they melt 90 tons of solid gold bars into tiny grains. In the 4th part (2020) we´ll know how they will escape with that gold.

/offtopic ends
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July 26, 2019, 01:49:21 PM

^SPOILER ALERT

I bet they try to slurry the gold grains down a drain and extract it from the effluent outside the confines of the bank. 
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July 26, 2019, 02:14:25 PM
Merited by JayJuanGee (1), BobLawblaw (1), bkbirge (1)




 
Looking at the weekend with optimism.
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July 26, 2019, 02:20:44 PM




 
Looking at the weekend with optimism.
And god knows how many more times they will try to kill it.
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July 26, 2019, 02:29:54 PM
Last edit: July 26, 2019, 03:19:07 PM by VB1001

Lightning Labs Designs Monitoring Tool for ‘Layer 2’ Bitcoin Network

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This Wednesday, Lightning Labs released a new network analysis tool dubbed “Lndmon” that bitcoin lightning network users can use to pull up data about the state of their node and the rest of the network. The offering features colorful graphs illustrating different aspects of the network, such as network fees or the “channels” a user has opened to send lightning payments.

https://www.coindesk.com/lightning-labs-designs-monitoring-tool-for-layer-2-bitcoin-network

Introducing lndmon: Dockerized Lightning Network Monitoring



https://blog.lightning.engineering/posts/2019/07/24/lndmon-v0.1.html

( fillippone > This is interesting for your LN thread. Wink )
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July 26, 2019, 02:34:29 PM
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Forbes seems to be embracing crypto more and more, the article count keeps going up, I think that in itself is a decent indicator.

This is a good one for US peeps...
https://www.forbes.com/sites/tysoncross/2019/07/26/crypto-investors-receiving-irs-letter-6174-a-dont-need-to-panic-heres-why/#608ad2e62111

This one's a distillation of the greyscale report someone else posted earlier...
https://www.forbes.com/sites/billybambrough/2019/07/25/there-could-be-a-sudden-influx-of-bitcoin-investors/#6a9b31192ece

This one is very interesting to me, says even with the BTC price drop over the last year, trading in high inflation countries has gone up...
https://www.forbes.com/sites/billybambrough/2019/07/24/surprise-bitcoin-data-reveals-significant-potential-price-catalyst/#147b84853b3d
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July 26, 2019, 03:26:16 PM

Come on everyone!

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July 26, 2019, 03:41:26 PM

Come on everyone!



ACCUMULATION.
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July 26, 2019, 03:42:53 PM

Come on everyone!



2019 ?? Bitcoin will replace FIAT
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July 26, 2019, 03:45:47 PM

2019, Recovery phase, last call.
2020, Bitcoin moon base launched.
2021, Bitcoin moon base finished, first WO residents on the fucking moon. Cool
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