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

[JayJuanGee]

Observing some profit taking in the $10.7k range. Looks like we may be in for a bit of sideways action before $11k.

I give it 24 hours.

I don't see it.

Largely, the BTC price has been moving up for the past week from the low of $9,825 on 9/8, and got us to $10,838, just 5 hours ago...

And sure we had a bit of a correction from $10,571 to $10,215 two days ago on 9/13... but hey.. where are we at now?  bouncing between $10,640 and $10,838 for the past 18 hours..

I would hardly label our current price location as any definitive sideways move, yet... way too early to know or to say... "shucks, it stopped".. whine whine whine...      

Sure 24 hours might give us a wee bit of a better picture upon where we are at... and sure we might still be here, and we might go down and we might go up... that looks like a 33/33/33 to me rather than leaning towards any particular outcome, as I type.

The $10,838 price was a high price from just 5 hours ago, so we just got here.. why cannot we enjoy a bit instead of whining that it stopped?

Furthermore,  we had not seen that level of high price since 9/3.. so seems to be a good thing, and at the current moment, the BTC price seems as if it is in a kind of UP inclination for more than anything.. but, hey, yeah, sure, the UP movement could stop at any moment.. maybe 33/33/33, and that is in the range of expectations that there could be stop of upwards movement when the price had not been here for 12 days.. go figure?

Nothing really to say that the price going up actually stopped or that it is going to stop, and still, we seem to continue to bounce around at a kind of top end of an uncertain price range, as I type.   Stop will it?  maybe 33/33/33 or some close variant of that I will proclaim as another one of those soothsayer wannabes.  

[Gyrsur]

does the amount of Tor network nodes increasing?

I assume gov is planning to take over Tor. 

[Last of the V8s]

hello and welcome to oldgreybeardcointalk

https://youtu.be/ZVZxRMAeIdo Why Bitcoin Now: David Chaum and Adam Back Reflect on the Crypto Wars - Ep.186

David Chaum, the inventor of eCash and CEO of xx network, and Adam Back, the inventor of Hashcash and the cofounder and CEO of Blockstream, discuss their involvement in digital currency well before Bitcoin existed. In this episode, they discuss:
how they each became enamored with the idea of digital currency years before such an idea was widely discussed
the crypto wars of the 1990s and the U.S. government’s attempts to control access to advanced cryptography
Digicash, the creation of eCash, and the difficulties of implementing the system with the technology available at the time
the innovation of blind signatures used in eCash
what caused the demise of Digicash, and David's role in that
the development of Hashcash and the problems Adam was trying to solve by creating it
their initial reactions to learning about Bitcoin for the first time
how they think Bitcoin might improve in the future
the stock-to-flow Model, and where they believe the Bitcoin price might go next
why the Hashcash proof-of-work mechanism became so widely used

with other useful links re the history in the show notes

[Last of the V8s]

https://twitter.com/jameskoutoulas/status/1305584521170104323

Our team served @brockpierce for securities fraud at his rally in NYC.

Pro tip- when you’re trying to avoid getting served for a multi B fraud case, maybe lay off outlandish presidential campaigns

As we Progress in holding this conman accountable, feel free to reach out if you lost money after buying eos in the ICO or on exchange

nice video of Brock being served

[nullius]

The joke:

The punch line:

Confirmed maths and science yield a 98.2962642% probability that this is true.

Source:  Unprofitable, and therefore “retired”.  Just like you, so very soon.  —Yes, they were the original parody of “motivational” posters.  I recall that they almost made a billion-dollar IPO in the original dot-com bubble—just kidding—I think.

[600watt]

$11200 incoming. today? now?

[Indymoney]

$11200 incoming. today? now?

Look like we can touch this figure today any time.

[Last of the V8s]

billion dollars being swapped from tron to erc20 chain
https://tether.to/explained-chain-swaps/

look over there ---------------->

[proudhon]

[Xinarae*]

$11200 incoming. today? now?

#Bitcoin crossing 13000$ with in few days Rocket


https://twitter.com/cryptoo_moon/status/1305824244178153472

[hv_]

$11200 incoming. today? now?

Look like we can touch this figure today any time.

Au Backe !

[vapourminer]

I have no Idea how you can differentiate between base systems, gpu miners, fpgas and asics over time. The overlap is huge and due to locations their profitability is widely varied so you would have to make massive assumptions. Literally this could take a person a lifetime to get within a small tolerance of error.

Not to mention it is widely believed satoshi (and others) used custom FPGAs and how those could be calculated is beyond me.

iirc pools used to give data on worker numbers back in the days and a lot of miner programs identified themselves as such and such. thereby giving a rough breakdown.. cgminer would mainly of been gpus (back before asic stole -cks code with no credit), some fpga had custom miner software with different names they would report to the pool and so on.

maybe break into cpu era, gpu era, fpga era, asics era? lotsa overlap i know.

dunno if thats helpful or not. or if its just lack of caffeine and barely functioning brain cells typing this. heck took like 20 edits to make this seen even vaguely like a coherent post. i will stop typing now.

[soullyG]

[nullius]

iirc pools used to give data on worker numbers back in the days and a lot of miner programs identified themselves as such and such. thereby giving a rough breakdown.. cgminer would mainly of been gpus (back before asic stole -cks code with no credit), some fpga had custom miner software with different names they would report to the pool and so on.

Did anybody collect and archive this data in a useful format?

(Maybe ask the NSA.  They collect everything.  They know where you were on 2010-03-09 at 10:04 in the morning, even if you don’t remember.  I wish that I had access to their recordings of the phone sex that I had years ago, when I was more foolish and less encrypted.)

billion dollars being swapped from tron to erc20 chain
https://tether.to/explained-chain-swaps/

I am guessing that ether gas prices will get a little bump, with more more tethers flying around a network that’s been groaning under the USDT load as it is.  ETH, LOL.

[Indymoney]

Bitcoin (BTC) has crossed into bullish territory, but prices remain vulnerable to potential sell-off in stocks, an analyst believes.

https://www.coindesk.com/analyst-bullish-bitcoin-equities-threat?utm_source=feedburner&utm_medium=twitter&utm_campaign=Feed%3A+BitcoinBoltFeed+%28Bitcoin+Bolt%29

[hv_]

...
I am guessing that ether gas prices will get a little bump, with more more tethers flying around a network that’s been groaning under the USDT load as it is.  ETH, LOL.

If 2 scammers meet, they don't care what fees others have to pay 

[Zaanda]

https://img.techpowerup.org/200915/bumsexy.jpg

[proudhon]

I'm having a hard time confirming your math, but it looks like you're confirming a significant downtrend into the short, medium, and long term scientific future, which I can also confirm.

[d_eddie]

The science and math viewpoint


Proudhon confirming
ominous and dark from here
scientific future






#haiku

[d_eddie]

The hodler viewpoint


Ten point nine thousand
twelve is around the corner
to the moon, brothers!





#haiku