Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[LUCKMCFLY]

Bitcoin Hash Rate Hit a New ATH, the Halving is getting closer, these movements become more interesting.

The Bitcoin network hash rate has reached an all-time high at 126 quintillion hashes per second. By comparison, this time last year, the network was hashing at just 38 quintillion hashes per second.

At this moment, mining Bitcoin is as difficult as it’s ever been, at 14.78T. In fact, since the start of 2020, mining difficulty on the Bitcoin network jumped 13%.

Source: https://www.newsbtc.com/2020/01/19/bitcoin-hash-rate-hit-a-new-ath-and-its-crucial-leading-up-to-halving/

[jojo69]

This is complete pain, horror, madness for my eyes.... evening ruined  

people = shit

[Paashaas]

Jbear is a bored af boomer who has nothing better in his life other than trolling the fuck out of WO members.

This guy is atleast 50 a 60 years old, let's sink that in...

[DaRude]

you have no fear that CSWs insane mind will finish its decent into lunacy and utterly destroying whatever you think bsv is?

No. Users are not forced to accept new versions of SW. Anyone is free to continue using the previously existing version. This nullifies any threat.

Of course, it is likely that nChain is a significant miner, which does lead to some exposure in this regard. But Craig does not hold exclusive chains of power in that organization, and others there are not suicidal. So, somewhat mitigated.

does csw know about this?

he would most likely sue them and take his own devs to court if they ignore his decisions. or split from bsv if they dont listen. just extrapolating this on observed past behavior.

anyway as you say they dont have to follow so it will be intersting as to how long bsv puts up with him.

Seems like the writing is on the wall, CSW becoming a toxic liability and the new BSv directive is to pivot and try to separate BSv from CSW, shills are out in force trying to push this. We should all support CSW in his efforts to sue Ayre for libel. BOSSv (Bitcoin Original Satoshi Super Vision) sounds better too.

[bitserve]

Yeah, I thought about that too. Maybe just trust in good faith... Another idea is to ask for the screenshot to contain the timestamp (Bitstamp shows it on the bottom-right of the graph). The earliest capture wins, even if not the very first to post.

Hmmm, maybe just let it roll as-is (no rule) and judge for yourself. When it goes over $10,000 we'll all be winners anyway...

Edit: Going to HoDLsleep now, I hope I dream of badgers, or even better, wake up and see badgers all over WO!

Unfortunately it wasn't badgers but a big red dildo... but it was somewhat predictable. The battle to regain $10K was never meant to be easy. The TENacious badger will finally win though.

For "forensics", more important than the timestamp is the last orders column, which not only would be harder to tamper with but also should show exactly at which moment in relation to the "breaking" of $10K the screenshot was taking.

Probaby I am overthinking this, but it is my first attempt at a game like this and would like to get it done right. If all goes smooth with this one maybe I will think for a better one in the future.

And yeah, that's the point: At $10K+ we all win. That's why I want to encourage a bit the badger tribute.

Nice game bitserve

Think the easiest work around to 'cheating' with the forum post timestamp, is requiring the Badger and Bitstamp Price to be in a single screenshot.
This can be easily achieved using Snipping Tool (Windows), Shift-Command-4 (Mac), Shift+Prt Scrn (Ubuntu).

The above method as well avoids making OPSEC mistakes: screenshot of open tabs, desktop, etc.

THanks bitebits.

That sounds like a very reasonable way to do it yeah. Not sure if it overcomplicates the process for participants though. In fact I am thinking about just waving entirely the "must post bitstamp chart" OR just let them add it afterwards (but must take the snapshot BEFORE posting the badger, then upload and edit the post to add the chart). Complications spoil all the fun.

If I remember correctly, when you visit the forum without logging in, you see all the edits in the posts with the time of the edition.
The fastest and safest thing is for someone to quote the supposed winner quickly.

edit: Forget it, there are 10 minutes to edit the publication without seeing that it has been edited.

Yeah, that's exactly the problem. The grace period makes it difficult to really know if I a post has been edited right after being posted.

It seems no one really knows how to detect it.

[bitserve]

So far so good...



* Bitfinex chart.

[legendster]

So the current 8600 dip could be a correction. We could see a stabilization at 9.7 - 10.2k levels.
What I don't understand is, why? Apart from the CSW not having Satoshi's pvk news, there is no major positive news in the cryptosphere. Is this indicating an entry of some big Asian bull? What do you guys think?

[bitserve]

Meanwhile, in Sudan:



https://twitter.com/AleZ2016/status/1218869472464965633

Fuck.

Whomever is responsible for that should be in that cell serving as food for them.

[AlcoHoDL]

Nice game bitserve

Think the easiest work around to 'cheating' with the forum post timestamp, is requiring the Badger and Bitstamp Price to be in a single screenshot.
This can be easily achieved using Snipping Tool (Windows), Shift-Command-4 (Mac), Shift+Prt Scrn (Ubuntu).

The above method as well avoids making OPSEC mistakes: screenshot of open tabs, desktop, etc.

THanks bitebits.

That sounds like a very reasonable way to do it yeah. Not sure if it overcomplicates the process for participants though. In fact I am thinking about just waving entirely the "must post bitstamp chart" OR just let them add it afterwards (but must take the snapshot BEFORE posting the badger, then upload and edit the post to add the chart). Complications spoil all the fun.

Naaah, it's no problem. It's called "Proof-of-Work". Bitcoin's been doing it for 11 years.

I agree about the fun part though, I'd let the badger be posted first, followed by a timestamped screenshot within the grace period. The earliest screenshot (not the earliest post) wins.

[nutildah]

Update on the Peter Schiff User Error by Erik Vorhees:

Here's what happened: after debate in 2018, we went to dinner. Peter had never used bitcoin before (!) I helped him set up wallet on his phone (Edge or BRD?), told him to secure it if he ever held significant value on it, gave him $50.  He forgot pw, and never recorded phrase.  

Blockchain.com wallets don't get "corrupted". If he would have saved his backup seed or private key (we have a lot of options here) in lieu of the password, he would still have access to his BTC. Lucky for him, Blockchain.com reached out to him and are intervening to solve his problem, so of course his bitcoin isn't lost, and it never was.

Schiff is a money manager, and apparently also a moron.

[Icygreen]

Spent plenty of time in Thailand in the past, haven't been there in years.
Maybe this won't be so easy, it is kinda obscure place to go. Here's better images of the boat, the locals, and the launch of a boat. Done in 30 knots of wind!
I'll add some of the monuments here if need be later.

Vietnam?

bit like this boat style





Mui Ne?

Its not Mui Ne, Phu Quoc, or Nha Trang but it's certainly Vietnam. More hints =  water color and wind strength. Hmmmm......

Giving up? Here's the pagoda in the center of the town.


I see the corn slid down a bit. 8670 now.  $101,700,000 sale to make that move.
Whale poop I believe.

[heslo]

Update on the Peter Schiff User Error by Erik Vorhees:

Here's what happened: after debate in 2018, we went to dinner. Peter had never used bitcoin before (!) I helped him set up wallet on his phone (Edge or BRD?), told him to secure it if he ever held significant value on it, gave him $50.  He forgot pw, and never recorded phrase.  

Blockchain.com wallets don't get "corrupted". If he would have saved his backup seed or private key (we have a lot of options here) in lieu of the password, he would still have access to his BTC. Lucky for him, Blockchain.com reached out to him and are intervening to solve his problem, so of course his bitcoin isn't lost, and it never was.

Schiff is a money manager, and apparently also a moron.

PEBCAK

[hv_]

Update on the Peter Schiff User Error by Erik Vorhees:

Here's what happened: after debate in 2018, we went to dinner. Peter had never used bitcoin before (!) I helped him set up wallet on his phone (Edge or BRD?), told him to secure it if he ever held significant value on it, gave him $50.  He forgot pw, and never recorded phrase.  

Blockchain.com wallets don't get "corrupted". If he would have saved his backup seed or private key (we have a lot of options here) in lieu of the password, he would still have access to his BTC. Lucky for him, Blockchain.com reached out to him and are intervening to solve his problem, so of course his bitcoin isn't lost, and it never was.

Schiff is a money manager, and apparently also a moron.

Sure - the world sees how 'inclusive' btc and folks are - congrats

Any time critics comes up - troll / bagholder mob gets activated - that's perfect (/s) for young wannabe financial env where trust is the only thing

Same here

https://twitter.com/bsvking/status/1218866023945949184


Have fun for a while

Bitcoin IS an intelligence test
 

[bitserve]

Let's say you come up with $1million as nice round number. Again, this could as low as $500K in some countries and just for a very modest lifestyle up to $5 million for US, with many years to live, and with a nice lifestyle.

Daym you need $5m to live in the US?

Even becoming a hnwi is not enough? Fuuck.

Should have gone all in   (aimed for the head)

I am not exactly saying you need $5 Million to live in the US.

$5Million is my *UP TO* / most conservative reasonable figure for living with a NICE lifestyle in the US. It includes the following factors:

- Around 50 years remaining life expectancy.

- Absolutely no other income, retirement pension, or additional net worth.

- No additional net worth also mean you would need to buy or rent a home.

- In the USA housing can be incredible expensive depending on where you plan to live. Maybe you want live in the middle of Manhattan or in... San Francisco? Donno.

- Also health expenses can be EXTREMELY costly there.

- You might get involved in some legal issue, lawyers/trials are INCREDIBLY costly there.

- TAXES... You will have to pay taxes, at least capital gains.

- I considered a "NICE" lifestyle... nowhere near a really a rich (Gatsby style) lifestyle, but still nice.

- Maybe you want to have childrens, pay them a good education... and or have a wife, maybe even divorce her... All that shit is *EXPENSIVE* yo!

- I didn't consider any potential/additional ROI on your capital and/or future investments. That's completely outside of my calculation, otherwise I would have to also take into account the possibility of negative returns or you just losing it all on a lousy investment because of you thinking you are the fucking Warren Buffet. No, I am just considering the principal as if it were a pot from which you would be spending until it gets depleted.

- I allowed for a safe margin (25-40%) of remaining wealth upon your death, be it liquid or your bought home, etc... just in case.


And, taking all the above into consideration (plus many more factors!)... I just took that *MAXIMUM* figure right out of my ass. Because I can.  

[mindrust]

My advantage is that health is dirt cheap here. Doctors are literally working for free. I better get a 2nd passport but still keep my original in case I have a serious health problem.

[bitserve]

My advantage is that health is dirt cheap here. Doctors are literally working for free. I better get a 2nd passport but still keep my original in case I have a serious health problem.

I do also have a GREAT and almost FREE health care here. In Spain $1-$2 million would probably be the equivalent of that $5million for US. Again, depends on many factors.

And yes, one could go with a lower figure if he already has a home, retirement pension, additional income, less years to live, very frugal lifestyle, etc etc...

But the geographical factor is *EXTREMELY* important.

Fortunately I plan to always live here. Not just because of "cost of living" but QUALITY of living... and WEATHER! *Most* of the world (including many parts of my damn country!) is too fucking cold for my taste.

[mindrust]

My advantage is that health is dirt cheap here. Doctors are literally working for free. I better get a 2nd passport but still keep my original in case I have a serious health problem.

I do also have a GREAT and almost FREE health care here. In Spain $1-$2 million would probably be the equivalent of that $5million for US. Again, depends on many factors.

And yes, one could go with a lower figure if he already has a home, retirement pension, additional income, less years to live, very frugal lifestyle, etc etc...

But the geographical factor is *EXTREMELY* important.

Fortunately I plan to always live here. Not just because of "cost of living" but QUALITY of living... and WEATHER! *Most* of the world (including many parts of my damn country!) is too fucking cold for my taste.

Now you mentioned Spain, I was actually considering buying 2 x 500k€ flats in Barcelona and AirBnb the fuck out of them.   (with my imaginary money )

Work while having a vacation. Sounded like a brilliant idea.

[bitserve]

My advantage is that health is dirt cheap here. Doctors are literally working for free. I better get a 2nd passport but still keep my original in case I have a serious health problem.

I do also have a GREAT and almost FREE health care here. In Spain $1-$2 million would probably be the equivalent of that $5million for US. Again, depends on many factors.

And yes, one could go with a lower figure if he already has a home, retirement pension, additional income, less years to live, very frugal lifestyle, etc etc...

But the geographical factor is *EXTREMELY* important.

Fortunately I plan to always live here. Not just because of "cost of living" but QUALITY of living... and WEATHER! *Most* of the world (including many parts of my damn country!) is too fucking cold for my taste.

Now you mentioned Spain, I was actually considering of buying 2 x 500k€ flats in Barcelona and AirBnb the fuck out of them.  

Work while having a vacation. Sound like a brilliant idea.

Not the best of the ideas. Touristic apartments are having a regulation tightening specially in Barcelona. Risky business I would say. You might be earning like a boss this year and the next one be out of the market because of some regulation that forbids you to rent it. In fact that is ALREADY happening.

Also Barcelona (and Madrid) and among the most expensive cities to live in Spain. Higher salaries yeah, but if you are not gonna work there you will just "enjoy" the higher cost of living. Still, WAY lower than US, of course.

About renting... currently the best investment are more "modest" 2-3 room apartments valued from 50 (reform usually needed) to 250K (more premium zones) € that you can rent for 5-10% that. Long term, so hassle free.
Or lousy apartments with many rooms near universities that you can rent to students.

It's a job in itself to take care of your "business" and properties but it's a reasonably safe investment with a good return if you know what you are doing.

[mindrust]

My advantage is that health is dirt cheap here. Doctors are literally working for free. I better get a 2nd passport but still keep my original in case I have a serious health problem.

I do also have a GREAT and almost FREE health care here. In Spain $1-$2 million would probably be the equivalent of that $5million for US. Again, depends on many factors.

And yes, one could go with a lower figure if he already has a home, retirement pension, additional income, less years to live, very frugal lifestyle, etc etc...

But the geographical factor is *EXTREMELY* important.

Fortunately I plan to always live here. Not just because of "cost of living" but QUALITY of living... and WEATHER! *Most* of the world (including many parts of my damn country!) is too fucking cold for my taste.

Now you mentioned Spain, I was actually considering of buying 2 x 500k€ flats in Barcelona and AirBnb the fuck out of them.  

Work while having a vacation. Sound like a brilliant idea.

Not the best of the ideas. Touristic apartments are having a regulation tightening specially in Barcelona. Risky business I would say. You might be earning like a boss this year and the next one be out of the market because of some regulation that forbids you to rent it. In fact that is ALREADY happening.

Also Barcelona (and Madrid) and among the most expensive cities to live in Spain. Higher salaries yeah, but if you are not gonna work there you will just "enjoy" the higher cost of living. Still, WAY lower than US, of course.

About renting... currently the best investment are "modest" 2-3 room apartments valued from 50 (reform usually needed) to 250K € that you can rent for 5-10% that. Long term, so hassle free.
Or lousy apartments with many rooms near universities that you can rent to students.

It's a job in itself to take care of your "business" and properties but it's a reasonably safe investment with a good return if you know what you are doing.

How is renting any different than AirBnb'ing? AirBnb is just another form of renting but only for a few days. I also read that the locals are not liking that their neighbors using their homes as hostels but there shouldn't be any problems if you gather the necessary permits.

I need to do more research before I make my move it looks like.

[bitserve]

My advantage is that health is dirt cheap here. Doctors are literally working for free. I better get a 2nd passport but still keep my original in case I have a serious health problem.

I do also have a GREAT and almost FREE health care here. In Spain $1-$2 million would probably be the equivalent of that $5million for US. Again, depends on many factors.

And yes, one could go with a lower figure if he already has a home, retirement pension, additional income, less years to live, very frugal lifestyle, etc etc...

But the geographical factor is *EXTREMELY* important.

Fortunately I plan to always live here. Not just because of "cost of living" but QUALITY of living... and WEATHER! *Most* of the world (including many parts of my damn country!) is too fucking cold for my taste.

Now you mentioned Spain, I was actually considering of buying 2 x 500k€ flats in Barcelona and AirBnb the fuck out of them.  

Work while having a vacation. Sound like a brilliant idea.

Not the best of the ideas. Touristic apartments are having a regulation tightening specially in Barcelona. Risky business I would say. You might be earning like a boss this year and the next one be out of the market because of some regulation that forbids you to rent it. In fact that is ALREADY happening.

Also Barcelona (and Madrid) and among the most expensive cities to live in Spain. Higher salaries yeah, but if you are not gonna work there you will just "enjoy" the higher cost of living. Still, WAY lower than US, of course.

About renting... currently the best investment are "modest" 2-3 room apartments valued from 50 (reform usually needed) to 250K € that you can rent for 5-10% that. Long term, so hassle free.
Or lousy apartments with many rooms near universities that you can rent to students.

It's a job in itself to take care of your "business" and properties but it's a reasonably safe investment with a good return if you know what you are doing.

How is renting any different than AirBnb'ing? AirBnb is just another form of renting but only for a few days. I also read that the locals are not liking that their neighbors using their homes as hostels but there shouldn't be any problems if you gather the necessary permits.

I need to do more research before I make my move it looks like.

Regulations.

Long term renting has one specific NATIONAL law.

Short term or TOURISTIC (ie AirBNB) renting has a different regulation. More requisities. More susceptible to local council change of rules.

About permits: It is already way harder to get one in Barcelona. And, what is worse... what if you get one and years later it gets cancelled? Know what I mean?

So you if you want to invest in real estate... that's fine, I *LOVE* real estate... but always make sure you do a GOOD long term purchase, not just because you can make like a bandit for a couple years. Make sure (as much as possible) the property will rise in value in the future, and also that it has a good market for long term renting. THEN you can consider to try to make an extra renting short term now... while it lasts!

Also, mind you, short term/AirBNB renting is *WAAAY* more work than long term renting. It's almost like comparing intraday trading to long term hodling