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

[Gachapin]

.....

Bitcoin has POW  ...in fact it's the strongest POW network on earth.

Energy is limited.

It's extremely difficult run a second BTC, because you cannot inflate energy.

But you can inflate the number of non-POW shitcoins to infinity.


Right now, no shitcoin can possibly reach Bitcoin's unique power physically.  So shitcoiners try it at least verbally, hoping to dupe enough people into buying their trash.

Lacking own real power, shitcoins are desperate to present themselves as being unique. That's why they gather around and compare themselves to the most powerful player which is BTC.

......

Totally agreed,
But here's the thing... (I've paraphrased/posted this before) yes, shitcoins wouldn't have any value were it not for bitcoin.
Unfortunately, and very sadly, that statement in reverse has considerable merit.  
Think about it.
Don't get me wrong, I'd love to see shitcoins evaporate ... but it's not gonna happen. As long as King Daddy rules/exists, the shitcoins will too. Deal with it.
(we can't advocate outlawing them, that's against libby ideology ain't it?)

(bracing myself for the inevitable batslaps and the like)

shitcoins will probably never disappear.  
they feed on easily manipulated or ignorant people,  and of these we have a never ending natural supply

I absolutely don't buy the idea that Bitcoin wouldn't have any value without shitcoins.  
it certainly had value, when there weren't any shitcoins around.  

all shitcoins came into existence in the slipstream of Bitcoin.  
most of them wouldn't use POW... because compared to BTC they would obviously look like shit ...check the ones that tried: LTC, BCH, BSV etc ... (willing to be merciful with XMR)

if I had to choose, I would rather support the idea that Bitcoin had a higher market cap without any shitcoins around
...and many people would have had easy gains with BTC instead of loosing money with p&d shitcoins

[1679864883]

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[1679864883]

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[sirazimuth]

...

JJG 627118
.....

Interesting way to quote. Never seen that before. I like it.

....

oh bitmain has a really good sale on the s19 pro miner

https://support.bitmain.com/hc/en-us/articles/10687719622681

this miner will come about oct 20 and come with a 30% off next unit.

Go to CoinWarz and plug in numbers. If one is paying 10 cents per kwh, (dirt cheap) one makes 48 cents a day. If your electric rate is over 10 cents per kwh, you're mining at a loss at todays price... OOF!
Now granted, that obviously does not take into account what bitcoin price will be in future. DYOR.
I did this back in 2015, ie ....mined at a loss, but hodeled and banked on bitcoin price going up, and it did, and I did quite well.
Today, I'm gonna pass, thank you. (I pay .22 per kwh)
I'll just continue DCA'ing as I have been since 2015.

[ChartBuddy]

Explanation

[sirazimuth]

....

I absolutely don't buy the idea that Bitcoin wouldn't have any value without shitcoins.  
it certainly had value, when there weren't any shitcoins around.  

......

Of course bitcoin would still have value without shitcoins in the mix.
My point is that it would drop in value if shitcoins were to evaporate overnight. Obviously they won't, just a thought experiment , if you will.
And that's not to say it wouldn't regain its previous value over time. I'm sure it would.
But again, as you agreed, shitcoins will always be part of equation, like it or not.

[vapourminer]

....

I absolutely don't buy the idea that Bitcoin wouldn't have any value without shitcoins.  
it certainly had value, when there weren't any shitcoins around.  

......

Of course bitcoin would still have value without shitcoins in the mix.
My point is that it would drop in value if shitcoins were to evaporate overnight. Obviously they won't, just a thought experiment , if you will.
And that's not to say it wouldn't regain its previous value over time. I'm sure it would.
But again, as you agreed, shitcoins will always be part of equation, like it or not.

i wonder.

when i started there was only bitcoin. well, namecoin too popped up after a bit (merged mining) but that was more or less a dead end.

ergo, bitcoin worked fine. all by itself.

Bitcoin stands alone. as in, no shitcoins need apply.

[Biodom]

Is pound edging to dollar parity?
Would it be a first?
Currently below prior 1.10 low in 1985.
Things seem to move fast these days.

Waiting for the sustained upward move in btc, which might come by the end of Q1 2023, imho.

[vapourminer]

JJG 627118

Interesting way to quote. Never seen that before. I like it.

thats some opcode or machine code for the JJG bot that accidentally got displayed.. poor error trapping probably

[Gachapin]

....

I absolutely don't buy the idea that Bitcoin wouldn't have any value without shitcoins.  
it certainly had value, when there weren't any shitcoins around.  

......

Of course bitcoin would still have value without shitcoins in the mix.
My point is that it would drop in value if shitcoins were to evaporate overnight. Obviously they won't, just a thought experiment , if you will.
And that's not to say it wouldn't regain its previous value over time. I'm sure it would.
But again, as you agreed, shitcoins will always be part of equation, like it or not.

Sorry. I might have misunderstood.

I think the only difference in our view is that you seem to be quite certain that BTC would drop in value.  I'm not so sure about that.  I mean it's certainly possible!  
but who can predict the market 100%...  I could think of several variations of your thought experiment in which BTC could gain in value or stay relatively stable..


we will probably never know what would happen ...as shitcoins will live on, for sure

[sirazimuth]

.....
i wonder.
.......

That's all I do. And then I post.

.....

When i started there was only bitcoin.....

There were around 15 shitcoins when I started. I was slightly late.
******** was first coin I mined before buying two S4's and doing it properly.
(truth be told, I did briefly switch s4's to mining ******** only because profits. And I actually hit 3 blocks. Albeit, I never did hit a block of bitcoin.)

edit.... Fun quiz! who can guess that shitcoin I was briefly mining for good profit in 2015 with an S4 (Hint....SHA256, obviously)
First correct answer gets a merit. (and a batslap from jay... lol)

.....

. well, namecoin too popped up after a bit (merged mining) but that was more or less a dead end.

Yes I was mining them by default in the BTC Guild mining pool, first pool where I mined bitcoin, before it closed in 6/2015
I traded them all for additional bitcoin.
Then I just went to the standard Antpool.

.....

...... no shitcoins need apply.

Agreed, they don't need to, but they do, and now we have millions of the bastards...

[philipma1957]

...

JJG 627118
.....

Interesting way to quote. Never seen that before. I like it.

....

oh bitmain has a really good sale on the s19 pro miner

https://support.bitmain.com/hc/en-us/articles/10687719622681

this miner will come about oct 20 and come with a 30% off next unit.

Go to CoinWarz and plug in numbers. If one is paying 10 cents per kwh, (dirt cheap) one makes 48 cents a day. If your electric rate is over 10 cents per kwh, you're mining at a loss at todays price... OOF!
Now granted, that obviously does not take into account what bitcoin price will be in future. DYOR.
I did this back in 2015, ie ....mined at a loss, but hodeled and banked on bitcoin price going up, and it did, and I did quite well.
Today, I'm gonna pass, thank you. (I pay .22 per kwh)
I'll just continue DCA'ing as I have been since 2015.

I have far under 10 cents.

we just built a 280kwatt solar array.

and have 16months left on a prepaid power contract  So gear like this s19 are sold for us.

basically can't lose out other than a fire/theft of gear

[Crypt0S0ul]

Hehehe... Savage Gachapin.
Everything is possible.
You are a Bitcoin Retard.
You won't understand.

Everything is possible?

You sound like a shitcoiner, Crypt0S0ul.

Vitalik?  Is that you?

Nah. Not at all.
Crypt0S0ul is a hardcore Bitcoiner. You missed the context.
That was sarcasm by the way.
Vitalik? Fuck you vitalik.

[ChartBuddy]

Explanation

[Ami0]

The vast majority of public policy creates stagflation and there is little that you can do to change this. What you can do is buy #bitcoin    and work hard to generate income so that you can #hodl until the rest of the world realizes that BTC is the best global store of value asset.

https://twitter.com/saylor/status/1573362241956716545?t=KYR5MOVYcMbFw2j1kIjJ9w&s=19

[JayJuanGee]

It's all set up.

https://mobile.twitter.com/StockmoneyL/status/1573281070237503489

Set up for what?

Today's the day. Rigged markets are coming with one last big short push. Stonks, PMs, Bitcoin all getting hammered hard.

The insiders know that even if the Fed raises rates another time or two, they would be absolutely suicidal to raise another big hike like 75 or even 50 bp.

The Fed won't be able to maintain high rates for long, as the world economies will absolutely melt down.

As soon as the Fed sees the mass layoffs they so desperately want to see, they'll pivot like a mf'er. And the insiders know it.

This is bottom fishing time. If you want bitcoin, now's the time to buy it.

Really? But some people saying miners are still in profits and price will go below or break even to that points. I would not mind to wait for some more time before taking another entry. Targeting around 13k for my final entry though i am not sure price will go that far or not. But i wants to take that chance because the reason i already mentioned at first line.

Why don't you 'splain ur lil selfie a wee bit MOAR better DudeAtWork420?

You're a newbie here.

How are we going to know you, know what you are doing, or know which post you are referring to when you say "I already mention at first line?"

You are suggesting that you know what the fuck miner costs are?  You believe that bitcoin prices follow mining costs?

If you say that you are planning on taking "another entry," then what were your first "entries?"

I did a quickie look at your forum post history and it is pretty depressing since it looks like you have been pretty heavily into shitcoinening and bounty hunting for the total of your forum history.. and you even have a forum registration date that is pretty damned close to my own registration date, so just imagine if you had invested $25 per week into bitcoin since February 26, 2014, then you would have invested $11,200 in total, but you would have reached more than mindrust's pre-meltdown status of more than 11 BTC, and that would have set you pretty in these days, no?  

Instead you talking a lot of nonsense are dabbling with ideas (and wishes for the BTC price to get down to $13k-ish so you can make an entry), when you should have already had a whole hell of a lot of ideas (in the last. 8.5 years) to stack quite a few sats for way less than $13k..  Have you heard of Dollar cost averaging? .. actually you would be a sats billionaire by now, if you had merely stacked $25 per week for the whole of your forum registration time, but instead you continue to chase bounties and even BTC prices that do not seem to have very high odds of playing out in order that you can make "another entry."

Do you even know what bitcoin is, except that maybe you want to try to buy low and sell with a 10% profit?

I doubt anyone here (besides this here cat) has much if any clue about how you are "playing" bitcoin and/or if you have any solid ideas (or clues), especially if you are seeming to give such high odds to something like $13k as a possible "entry point."

What's your investment timeline?  One month?  or maybe you will run out of money by then?

How long have you been into bitcoin?

Do you know the difference between bitcoin and various shitcoins, or do you ONLY consider bitcoin as a indicator to attempt to figure out if "alt season" might be coming?

Maybe I am NOT giving you enough credit DudeAtWork420 and you know more than I am imagining to be the case...  

[ChartBuddy]

Explanation

[DVlog]

(and wishes for the BTC price to get down to $13k-ish so you can make an entry)

[JayJuanGee]

Why are the shitcoinairs trying so hard to attempt to merge Bitcoin and other coins and trying to create a semblance between Bitcoin and altcoins and trying to create a battle between USD and Bitcoin when both can co-exist independently and exist in the same economic system without one have to give way to the other.

BTC is a better alternative and not shitcoins!

Well?  Are you just asking a rhetorical question?

You been around here longer than most of us (including yours truly), so maybe you want to explain the situation or your proposed answer?

You surely have some ideas on the topic, don't you?

Are you waking up from sleep?

I did a quick look at your forum posting history and you do have a lot of shitcoin stuffs in there.  Maybe you just found out about bitcoin?  hahahahahaha.. and you are just figuring out what it is?  it bee deee kings of dee corns, and even MOAR better than shitcoins, no?

.....
Bitcoin has POW  ...in fact it's the strongest POW network on earth.

Energy is limited.

It's extremely difficult run a second BTC, because you cannot inflate energy.

But you can inflate the number of non-POW shitcoins to infinity.

Right now, no shitcoin can possibly reach Bitcoin's unique power physically.  So shitcoiners try it at least verbally, hoping to dupe enough people into buying their trash.

Lacking own real power, shitcoins are desperate to present themselves as being unique. That's why they gather around and compare themselves to the most powerful player which is BTC.
......

Totally agreed,
But here's the thing... (I've paraphrased/posted this before) yes, shitcoins wouldn't have any value were it not for bitcoin.
Unfortunately, and very sadly, that statement in reverse has considerable merit.  
Think about it.
Don't get me wrong, I'd love to see shitcoins evaporate ... but it's not gonna happen. As long as King Daddy rules/exists, the shitcoins will too. Deal with it.
(we can't advocate outlawing them, that's against libby ideology ain't it?)

(bracing myself for the inevitable batslaps and the like)

No batslaps coming from this here cat, and it is quite likely that a lot of us already recognize that the existence and the persistence of shitcoins is going to continue for quite a long time.. maybe even several hundred years - but still does not mean that they should not be denigrated and that they should not be appreciated for the snake-oil salesmen products that they are.

Many of us are likely going to either know people who are into shitcoins or even to have "good friends" who are into shitcoins, and sure the level of "toleration" may well continue to vary.. and even sometimes cause some heated verbal (and maybe even physical) blows from time to time.

There are a large number of paths into bitcoin too, and sometimes shitcoins might provide a path into bitcoin, and some folks may well stay shitcoiners all of their lives (whether short or long), and some of the shitcoiners may well have (or show) greater material wealth and greater levels of consumption than bitcoiners and may even have more hookers, lambos and blow too.

Each of us will be choosing if we get into shitcoins, and if so the extent to which we get into shitcoins or if we restrain from such temptations that are going to have a lot of different forms in the years to come, just as they have already taken a large variety of forms in the years past.. and if we fail/refuse to understand and appreciate the various ways that king daddy differs from shitcoins, then those kinds of intellectual limitations will be our own responsibilities to live with those kinds of choices, even if we should not be pumping or promoting those kinds of choices in threads like this because it remains too much of a distraction to our attempts to explore real (King daddy-related) issues in this here thread...


Focus.. sirazimuth

Focus..


Focus ur lil selfie...









O.k.. I lied..






The more I think  about it..






You really deserve a bat slappening..







Here you go.. .





POW>>>>>





Don't be saying that I never did not gave uie-pooie nuttin.  

[heslo]

Interesting little tidbit on Satoshi if true...

https://twitter.com/orweinberger/status/1573234325046558720?t=Zedkj4MiEygkRzi4bqvsUA&s=19

Did you know? A day before the http://bitcoin.org domain was first registered, someone purchased http://netcoin.org using the same registrar. Looks like Satoshi was contemplating between the two names and later dropped http://netcoin.org

Netcoin doesn't have quite the same ring to it as bitcoin though, does it?

[Gachapin]

Interesting little tidbit on Satoshi if true...

https://twitter.com/orweinberger/status/1573234325046558720?t=Zedkj4MiEygkRzi4bqvsUA&s=19

Did you know? A day before the http://bitcoin.org domain was first registered, someone purchased http://netcoin.org using the same registrar. Looks like Satoshi was contemplating between the two names and later dropped http://netcoin.org

Netcoin doesn't have quite the same ring to it as bitcoin though, does it?

great info. thanks!  if true

something with N would probably be quite a shitty symbol compared to BTC



... and what would we call shitcoins then...  nietcoins or something?    at least the USD would rhyme with fedcoin

there is probably a parallel universe with that reality right now

[xzy887]

What you can do is buy #bitcoin    and work hard to generate income so that you can #hodl until the rest of the world realizes that BTC is the best global store of value asset.

The world will understand Bitcoin is the popular coin of the future when they can use it as well as hodl it. If at least one mainstream software company builds Bitcoin applications and use cases, people will better understand that Bitcoin is our future asset.Demand for Bitcoin will increase over time as more people realize that the fiat system has failed. So now anyone can buy and hold bitcoins for their financial freedom. Bitcoin has never disappointed any long-term investor. Rather, it has made more profit.