Bitcoin Forum
April 23, 2024, 04:13:47 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Poll
Question: What happens first:
New ATH - 43 (69.4%)
<$60,000 - 19 (30.6%)
Total Voters: 62

Pages: « 1 ... 24960 24961 24962 24963 24964 24965 24966 24967 24968 24969 24970 24971 24972 24973 24974 24975 24976 24977 24978 24979 24980 24981 24982 24983 24984 24985 24986 24987 24988 24989 24990 24991 24992 24993 24994 24995 24996 24997 24998 24999 25000 25001 25002 25003 25004 25005 25006 25007 25008 25009 [25010] 25011 25012 25013 25014 25015 25016 25017 25018 25019 25020 25021 25022 25023 25024 25025 25026 25027 25028 25029 25030 25031 25032 25033 25034 25035 25036 25037 25038 25039 25040 25041 25042 25043 25044 25045 25046 25047 25048 25049 25050 25051 25052 25053 25054 25055 25056 25057 25058 25059 25060 ... 33294 »
  Print  
Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26366544 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. (174 posts by 3 users with 9 merit deleted.)
rolling
Hero Member
*****
Offline Offline

Activity: 824
Merit: 712


View Profile
October 19, 2019, 02:58:18 AM

I sure hope Satoshi didn't blow it with the curve he chose.

Fees are going to have to, umm, increase, to incentivize miners.

No need to incetivize miners. It's a self-regulating system. If they can't make enough money, they will drop out which makes the remaining miners more profitable.

Also, fees may increase as well and small transactions will be squeezed out. This is ok. There is no reason to use the worlds most secure transaction network to buy a cup of coffee.

It remains to be seen that this would work long term, although so far the adjustment of hashing to price fluctuation was impressive.
I worry a bit about mining concentration in the hands of the vertically integrated entities, like the recent P. Thiel venture.
It might cause further centralization and such centralization might cause undue re-consideration of bitcoin's rules (in time).

If bitcoin is still mined worldwide by then, I doubt any changes to the rules would be possible. It would require consensus and the world I know can't get consensus on any topic. Therefore, the only way to change the rules is to fork off. That could happen many more times and the value will follow if there is a market for it.

I think big daddy Bitcoin will be just fine though.

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.
1713845627
Hero Member
*
Offline Offline

Posts: 1713845627

View Profile Personal Message (Offline)

Ignore
1713845627
Reply with quote  #2

1713845627
Report to moderator
Biodom
Legendary
*
Offline Offline

Activity: 3738
Merit: 3843



View Profile
October 19, 2019, 03:03:14 AM
Last edit: October 19, 2019, 03:15:43 AM by Biodom

I sure hope Satoshi didn't blow it with the curve he chose.

Fees are going to have to, umm, increase, to incentivize miners.

No need to incetivize miners. It's a self-regulating system. If they can't make enough money, they will drop out which makes the remaining miners more profitable.

Also, fees may increase as well and small transactions will be squeezed out. This is ok. There is no reason to use the worlds most secure transaction network to buy a cup of coffee.

It remains to be seen that this would work long term, although so far the adjustment of hashing to price fluctuation was impressive.
I worry a bit about mining concentration in the hands of the vertically integrated entities, like the recent P. Thiel venture.
It might cause further centralization and such centralization might cause undue re-consideration of bitcoin's rules (in time).

If bitcoin is still mined worldwide by then, I doubt any changes to the rules would be possible. It would require consensus and the world I know can't get consensus on any topic. Therefore, the only way to change the rules is to fork off. That could happen many more times and the value will follow if there is a market for it.

I think big daddy Bitcoin will be just fine though.


Cheers.
jojo69
Legendary
*
Offline Offline

Activity: 3150
Merit: 4307


diamond-handed zealot


View Profile
October 19, 2019, 03:40:57 AM

I sure hope Satoshi didn't blow it with the curve he chose.

Fees are going to have to, umm, increase, to incentivize miners.

No need to incetivize miners. It's a self-regulating system. If they can't make enough money, they will drop out which makes the remaining miners more profitable.

Also, fees may increase as well and small transactions will be squeezed out. This is ok. There is no reason to use the worlds most secure transaction network to buy a cup of coffee.

I get all that.  Allow me to flesh out my fears.

I see the possibility of many miners jumping to a new, well marketed and timed, coin at some future halving.  Were some other chain to have more hash power than BTC the specter of an attack would loom, further reinforcing the value proposition of the new coin.
HairyMaclairy
Legendary
*
Offline Offline

Activity: 1414
Merit: 2174


Degenerate bull hatter & Bitcoin monotheist


View Profile
October 19, 2019, 04:17:50 AM

I sure hope Satoshi didn't blow it with the curve he chose.

Fees are going to have to, umm, increase, to incentivize miners.

No need to incetivize miners. It's a self-regulating system. If they can't make enough money, they will drop out which makes the remaining miners more profitable.

Also, fees may increase as well and small transactions will be squeezed out. This is ok. There is no reason to use the worlds most secure transaction network to buy a cup of coffee.

I get all that.  Allow me to flesh out my fears.

I see the possibility of many miners jumping to a new, well marketed and timed, coin at some future halving.  Were some other chain to have more hash power than BTC the specter of an attack would loom, further reinforcing the value proposition of the new coin.

Allow me to respond. 

Meh not going to happen
jojo69
Legendary
*
Offline Offline

Activity: 3150
Merit: 4307


diamond-handed zealot


View Profile
October 19, 2019, 04:38:48 AM

Well I certainly hope not, still, the sharpness of the "knee" of this asymptote spooks me.
HairyMaclairy
Legendary
*
Offline Offline

Activity: 1414
Merit: 2174


Degenerate bull hatter & Bitcoin monotheist


View Profile
October 19, 2019, 04:59:59 AM

Nah you can sleep at night.  We got a long ways to go before you need to start worrying.
whiteboy420
Jr. Member
*
Offline Offline

Activity: 100
Merit: 5


View Profile
October 19, 2019, 05:12:01 AM



is this instagram ?

don't make me add to my short.




Nah you can sleep at night.  We got a long ways to go before you need to start worrying.



ur certainty makes me uncomfortable.



The Bitcoin chart looks horrible.


Not only does the flag that followed the recent breakdown project a move to $6K, but we are close to completing the right shoulder of a head and shoulders top, with a $14K head, and neck line just below $8K, that projects a collapse to below $2K!

#BoomerTA is the only TA i fear.
VB1001
Legendary
*
Offline Offline

Activity: 938
Merit: 2540


<<CypherPunkCat>>


View Profile WWW
October 19, 2019, 05:12:42 AM



Quote
I compared basic regressions of log price ~ log time v log price ~ log sf using data prior to 2014 and full data. Stock to flow continues to be a *consistent* predictor. Times ability to predict, funnily enough changes with time. Stock to flow doesn't.

https://twitter.com/phraudsta/status/1185191801340084225



Max Supply 21,000,000
Extracted 18,000,000
Lost +/- 4,000,000

Every day there will be fewer opportunities.
whiteboy420
Jr. Member
*
Offline Offline

Activity: 100
Merit: 5


View Profile
October 19, 2019, 05:17:21 AM

The U.S. Dollar Index closed a down week on the lows, while 30-year Treasury yields closed an up week near their highs.

The dollar and bonds falling in tandem is a good sign that the bubble has popped! 
HairyMaclairy
Legendary
*
Offline Offline

Activity: 1414
Merit: 2174


Degenerate bull hatter & Bitcoin monotheist


View Profile
October 19, 2019, 05:34:21 AM

Chart still looks ok to me

Icygreen
Legendary
*
Offline Offline

Activity: 1463
Merit: 1135



View Profile
October 19, 2019, 05:36:21 AM

https://bitcointalk.org/index.php?topic=5193860.msg52804250#msg52804250
^
I do like this thread ...... sorry I didn’t got all of you Sad
For sure the most unique to bitcointalk.org. Nice entry!  Reprezentin (fist bump).
fillippone
Legendary
*
Offline Offline

Activity: 2142
Merit: 15372


Fully fledged Merit Cycler - Golden Feather 22-23


View Profile WWW
October 19, 2019, 05:58:45 AM

https://bitcointalk.org/index.php?topic=5193860.msg52804250#msg52804250
^
I do like this thread ...... sorry I didn’t got all of you Sad
Best art so far!
I wasn’t able to find my hat, but who cares!
Great job!
GreatArkansas
Legendary
*
Offline Offline

Activity: 2296
Merit: 1345


Buy/Sell crypto at BestChange


View Profile WWW
October 19, 2019, 06:16:12 AM

W.O. spotted Cheesy
 


nutildah
Legendary
*
Offline Offline

Activity: 2968
Merit: 7918



View Profile WWW
October 19, 2019, 07:08:46 AM
Merited by GreatArkansas (1), Lambie Slayer (1)

Yesterday was my girlfriends birthday, so we went to the largest aquarium in the Philippines, and the largest I've ever seen. The place was huge, packed with fish, sharks, birds, crocodiles and other lizards. Could probably have spent all day in there.





Later we went to go shoot pool at a sports bar. I met this nice Israeli gent and we got to talking about our respective jobs. He told me he had 300 bitcoin held in a "trust" and showed me this Telegram group he started for people who owned 100 BTC or more. He was doing pretty well for himself obviously.

After hearing it was my g.f.'s birthday he proceeded to give her his cue stick, which cost at least $200... Probably the nicest gift anybody had ever given her. She then started to cry, as she was pretty drunk. Then we almost forgot about it, leaving it in the Jollibee before I remembered and we told the cabbie to go back so we could get it!

Sometimes I'm pretty amazed by the generosity of bitcoiners.
bitebits
Legendary
*
Offline Offline

Activity: 2211
Merit: 3178


Flippin' burgers since 1163.


View Profile
October 19, 2019, 07:31:56 AM

Interesting...Lump sum beats DCA about 68% of the time.

https://shitcoin.ninja/post/2019/10/comparing-bitcoin-investment-strategies/

Quote
We created a simple trial comparing lump sum to the strategy of investing in the same amount monthly over a year, and found that lump sum still won ~67.9% of the time. Even the arbitrarily reduced dataset showed that Lump Sum beats DCA 60.8% of time.

Not surprising? If the long term direction is up, same as for any investment, lump sum will give you the best return.

Dollar cost averaging is just for those afraid ‘losing’ dollars short term. I never had that with investments, but hate losing dollars on day to day spending (a guaranteed loss).


Invest now or temporarily hold your cash?
https://personal.vanguard.com/pdf/ISGDCA.pdf
El duderino_
Legendary
*
Offline Offline

Activity: 2492
Merit: 11985


BTC + Crossfit, living life.


View Profile
October 19, 2019, 09:20:20 AM

https://bitcointalk.org/index.php?topic=5193860.msg52804250#msg52804250
^
I do like this thread ...... sorry I didn’t got all of you Sad
Best art so far!
I wasn’t able to find my hat, but who cares!
Great job!

You're joking right??
VB1001
Legendary
*
Offline Offline

Activity: 938
Merit: 2540


<<CypherPunkCat>>


View Profile WWW
October 19, 2019, 09:37:42 AM

^
Mic, you can capture all the avatars in small and large format for what you need or any data of the blog that may be of your interest, no problem.
El duderino_
Legendary
*
Offline Offline

Activity: 2492
Merit: 11985


BTC + Crossfit, living life.


View Profile
October 19, 2019, 09:42:44 AM

^
Mic, you can capture all the avatars in small and large format for what you need or any data of the blog that may be of your interest, no problem.

I wanted to try taking them from your post Smiley .... but its one pic (for the rest i'm far far faaaaaar from an advanced computer guy)  Undecided
Last of the V8s
Legendary
*
Offline Offline

Activity: 1652
Merit: 4392


Be a bank


View Profile
October 19, 2019, 09:52:57 AM
Last edit: October 19, 2019, 10:05:18 AM by Last of the V8s

The English nation would like to extend their gratitude in particular to Mr Will Genia of Australia for telegraphing every pass and generally playing the sad old has-been to perfection.


Oh dear the best player in the world seems to be having some sort of sneezy fit.
Last of the V8s
Legendary
*
Offline Offline

Activity: 1652
Merit: 4392


Be a bank


View Profile
October 19, 2019, 10:07:00 AM
Merited by jojo69 (1)

ok let's face it: #somefuckinghomo
those boys are magnificent
Pages: « 1 ... 24960 24961 24962 24963 24964 24965 24966 24967 24968 24969 24970 24971 24972 24973 24974 24975 24976 24977 24978 24979 24980 24981 24982 24983 24984 24985 24986 24987 24988 24989 24990 24991 24992 24993 24994 24995 24996 24997 24998 24999 25000 25001 25002 25003 25004 25005 25006 25007 25008 25009 [25010] 25011 25012 25013 25014 25015 25016 25017 25018 25019 25020 25021 25022 25023 25024 25025 25026 25027 25028 25029 25030 25031 25032 25033 25034 25035 25036 25037 25038 25039 25040 25041 25042 25043 25044 25045 25046 25047 25048 25049 25050 25051 25052 25053 25054 25055 25056 25057 25058 25059 25060 ... 33294 »
  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!