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

[HairyMaclairy]

Fuck

HEALTHCARE WORKER AMONG BRITS INFECTED

A healthcare worker at Worthing Hospital is among the eight confirmed cases of coronavirus in the UK.

Staff at the West Sussex hospital received a memo on Tuesday telling them a member of staff working in A&E had been infected with the disease.

A spokeswomen for the Department of Health said that all services at the hospital, including surgery, were operating as normal.

It is understood the healthcare worker at Worthing Hospital is not the same person as the doctor working in Brighton, who is also one of the eight cases.

CORONAVIRUS PRISONER' WAS DRUG-DEALING KINGPIN EXTRADITED FROM THAILAND

An alleged drug-dealing kingpin is at the centre of a suspected corona-virus outbreak at a high-security jail.

Mark Rumble, 31, arrived back in the UK on January 27 after being extradited from Thailand to face charges of conspiracy to supply class A drugs.

He collapsed in his cell at category B HMP Bullingdon, near Bicester, Oxfordshire, days later.

Tonight hundreds of inmates were confined to their cells as panic spread.

An entire wing at the jail has been shut off with three cons now being tested for coronavirus.

BOJO SAYS RELAX

The PM has said the UK should be “confident and calm” amid the coronavirus threat.

He has urged Brits to “simply follow [the NHS'] advice”.

He spoke as cases rose across the UK.

https://www.thesun.co.uk/news/10913096/coronavirus-uk-nhs-brighton-live/

[bitcoinPsycho]

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

[El duderino_]

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

Sorry I wasn't around for some days 

[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.