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

[gentlemand]

Frankly... I assume most of these videos as some old (years old) stuff that people re-post for internet points.

I can't believe you'd be so naive, dude.

I've been 'researching' all night and I have to say I'm deeply shaken by what I've uncovered.

This is two Western kids trapped in Wuhan RIGHT NOW, or at least that's what it said on Bebo. Note the violent behaviour pattern which is a known sign - https://www.youtube.com/watch?v=_OBlgSz8sSM

Chinese wildlife, despite passing it to humans, has now chosen to self isolate from us. This is the first time it's ever been observed in the animal kingdom. Check this little guy realising the cameraman has it - https://www.youtube.com/watch?v=jHjFxJVeCQs

I just don't know where to turn right now.

[FullNode]

Bitcoin’s Mining Difficulty Stagnates as Coronavirus Outbreak Delays New Equipment

After posting solid gains in January, a key measure of competition among bitcoin miners has stagnated in the past two weeks as the coronavirus outbreak disrupts economic activity in China.

The slowdown in the growth of so-called mining difficulty signals that miners have had to pause upgrading equipment after the epidemic prompted Chinese authorities to impose a quarantine and major mining equipment makers delayed production and shipments.

Mining difficulty – which gauges the effort required to solve math problems in order to win newly created bitcoin – adjusted on Feb. 11 to a level 0.52 percent higher than 14 days earlier, data shows. That’s a significant drop from the growth rates of 4.67 and 7.08 percent, recorded on Jan. 28 and 14, respectively.

https://www.coindesk.com/bitcoins-mining-difficulty-stagnates-as-coronavirus-outbreak-delays-new-equipment

[LoyceV]

(source: 9gag.com)

[El duderino_]

Damn Loyce I love some blockbuster movies .... 
Netflix was the loser among the oscar awards 

[Gyrsur]

GO BTC GO!

[Ibian]

Oh fuck I seem to be on the wrong forum.  I thought this was bitcointalk

Corona-chan is relevant to our interests.

[LFC_Bitcoin]

Morning HODLERS & perverts!

Observing $10,336, can you smell that?
It’s the smell of winning & the distant scent of $100,000 per BTC.

I’ve just bought a cheeky little 0.04BTC, more fuel for 2021 parabolic bull run

Have a great day gentlemen.


(Pic credit - @Bitcoin_bull)

[Last of the V8s]

one last one because (I think the ones with the grey throats are jackdaws but still) punny

[d_eddie]

Competition is good for business. If you are competent.

Competition is good for customers, not for the business itself. A moat is good for business.

Cheaper or free education rises the bar for competition in the business of "selling one's brain". This is bad for people already in the business of selling their brain: the higher, educated classes, since it fills the moat. But it benefits the system at large.

[Hueristic]

Yeah, with earnings from work. Capitalism does that better than communism.

It's not like Soviet Union was the land of uneducated savages, you know... at least considering their military and space hardware...

Communism is a great Idea in theory it is just untenable when applied to human beings,

[ivomm]

That's why I am not going to buy a lambo. Although theoretically I already can buy one almost new 8K km 2019 huracan right now.  I prefer a beach villa for this price.

[LFC_Bitcoin]

That's why I am not going to buy a lambo. Although theoretically I already can buy one almost new 8K km 2019 huracan right now.   I prefer a beach villa for this price.

Yeah in all seriousness I won’t be buying Lambo’s. Imagine how much a car like that depreciates in value over 2-3 years. Yes I know our bitcoin’s will be worth more (presumably) as time goes on but money is money. I don’t like losing money!

I’ll just take a standard Range Rover or something & a huge house

[Ibian]

Competition is good for business. If you are competent.

Competition is good for customers, not for the business itself. A moat is good for business.

Cheaper or free education rises the bar for competition in the business of "selling one's brain". This is bad for people already in the business of selling their brain: the higher, educated classes, since it fills the moat. But it benefits the system at large.

We have seen what happens when brands get too big for too long. Blizzard was once arguably the best gaming company in the west, if not the world. And now they fucked up a remaster of a 20 year old game. Literally the worst rated game in history. All they had to do was touch up the graphics, maybe fiddle with the music, and leave well enough alone. But they could not even do that.

Too little competition leads to complacency. To getting woke. And soon enough they go broke. It's just like the cycle of empire. Competition is necessary to stay healthy.

And that's just a gaming example. It's even more important for education. Intelligence is literally the lifeblood of the modern economy.

[kurious]

That's why I am not going to buy a lambo. Although theoretically I already can buy one almost new 8K km 2019 huracan right now.   I prefer a beach villa for this price.

Yeah in all seriousness I won’t be buying Lambo’s. Imagine how much a car like that depreciates in value over 2-3 years. Yes I know our bitcoin’s will be worth more (presumably) as time goes on but money is money. I don’t like losing money!

I’ll just take a standard Range Rover or something & a huge house

Yay!  All back to LFC's then... 

[fillippone]

Ladies and gentleman,

We have an ATH!
not only in difficulty, but also on realised price:

BTC Realised price ATH@6096.37.

https://digitalik.net/btc/realized_price#

Realized price is the realized market cap divided by total amount of generated coins (corrected 1Mil for "Satoshi coins").

The realised Capitalisation is the total bitcoin capitalisation using as valuation price of each coin the value at the time of his last transaction, instead of valuing them all at the last traded price like Market capitalisation.

The realized cap attempts to improve on the market cap by trying to discount coins that might be lost. Its crux is to value different part of the supplies at different prices, instead of using the daily close as market cap does.

For UXTO coins, this consists in valuing outputs at the price at the time of their creation. For example, for a UTXO currency of supply 10 and market price of $10, its market cap would be $100. But if the UTXO set is as follows:

Value
Time of creation
Price at time of creation
USD Value at time of creation
8.3   2009-02-01   $0.00   $0.00
1.2   2011-03-17   $1.00   $1.20
0.5   2018-11-15   $10.00   $5.00
Its realized cap would be $0.00 + $1.20 + $5.00 = $6.20 or 6.2% of its market cap as 83% of the supply hasn’t moved for years.

Find more about Realised Capitalisation here:
https://coinmetrics.io/realized-capitalization/

[Dabs]

I’ll just take a standard Range Rover or something & a huge house

I would suggest either a truck or an SUV like a Jeep. Something that can run over the nocoiners. Lambos (and most other lowered sports cars) are bad if they don't have any roads or any speed bumps in the way are difficult to avoid.

For the huge house, I'd probably personally set up the wifi to cover, well, the whole house. Buy a couple of access points and stuff like that.

[kurious]

Competition is good for business. If you are competent.

Competition is good for customers, not for the business itself. A moat is good for business.

Cheaper or free education rises the bar for competition in the business of "selling one's brain". This is bad for people already in the business of selling their brain: the higher, educated classes, since it fills the moat. But it benefits the system at large.

Quite right, it is the absence of competition that allows business to make excess profits.  It is a central tenet of economics that with 'perfect knowledge' (consumers knowing where, and being able to buy cheapest) and 'balanced perfect markets' (markets where entry to the market for companies is not prevented or difficult to compete in) then price will be in an equilibrium where supply and demand meet, to a sensible margin above cost.  No business with any power wants this, they all want an edge.  It's human nature.

With too much competition, it's harder to make money.  So, rigging markets to make it tough for competition to enter, or finding an area with no competition is the easiest way businesses can make excess profits and this is exactly what every business is incentivised to do.

[bitserve]

That's why I am not going to buy a lambo. Although theoretically I already can buy one almost new 8K km 2019 huracan right now.   I prefer a beach villa for this price.

Yeah in all seriousness I won’t be buying Lambo’s. Imagine how much a car like that depreciates in value over 2-3 years. Yes I know our bitcoin’s will be worth more (presumably) as time goes on but money is money. I don’t like losing money!

I’ll just take a standard Range Rover or something & a huge house

I think some of the luxury cars do not depreciate that much and even (I have heard) you can make an insta-winning deal buying second hand (almost new, used for only one season) from places like Dubai, etc.

Anyway, I would not consider buying a $200.000+ car unless my net worth would be a solid over 10-100+ times that amount. And even then... I probably would have much better things to do with my "surplus" money. I will never buy a boat/yatch ever either... I wouldn't like one even if "free"... Maybe I would buy a good Jet Ski though, but that's very cheap in comparison... and way more fun.

When I think about it, the main thing I want money for (beyond basic expenses, of course) is RE. There's no limit on how much "luxury" I would allow myself to "spend" on that if the money were not a restriction.

Anyway, first priority would be to be set for life on basic expenses and sleep well at night. Then we can start talking about luxury spending/purchases/investments.

[jojo69]

https://www.unz.com/chopkins/bernie-sanders-commie-kill-swarm/

Jesus, just imagine the freedomless horror if Americans could go to university, and, you know, maybe raise a child or two, without spending the rest of their lives in debt!

out fucking standing...lol

Umm... you realize that shit needs to be paid for _somehow_, right?

Well of course, pretty sure I have demonstrated that in here over the years.  I didn't really agree with the "fuck you, I like guns" Aussie bloke either, but I thought it was hilarious also.

Matthews' performance was pretty over the top.

[bkbirge]

That's why I am not going to buy a lambo. Although theoretically I already can buy one almost new 8K km 2019 huracan right now.   I prefer a beach villa for this price.

Yeah in all seriousness I won’t be buying Lambo’s. Imagine how much a car like that depreciates in value over 2-3 years. Yes I know our bitcoin’s will be worth more (presumably) as time goes on but money is money. I don’t like losing money!

I’ll just take a standard Range Rover or something & a huge house

I think some of the luxury cars do not depreciate that much and even (I have heard) you can make an insta-winning deal buying second hand (almost new) from places like Dubai, etc.

Anyway, I would not consider buying a $200.000+ car unless my net worth would be a solid over 10-100+ times that amount. And even then... I probably would have much better things to do with my "surplus" money. I will never buy a boat/yatch ever either... I wouldn't like one even if "free"... Maybe I would buy a good Jet Ski though, but that's very cheap in comparison... and way more fun.

When I think about it, the main thing I want money for (beyond basic expenses, of course) is RE. There's no limit on how much "luxury" I would allow myself to "spend" on that if the money were not a restriction.

Anyway, first priority would be to be set for life on basic expenses and sleep well at night. Then we can start talking about luxury spending/purchases/investments.

You all are thinking way too small. This is what the properly outfitted gentleman bitcoinaire needs...