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

[Cconvert2G36]

One large disadvantage for a solominer is variance... especially if you are less than petahashes, and those mines are not hidden.

We are working on making p2pool better.

You and jtoomim?

EDIT: yes, I will keep in mind you are using free electricity  

[arklan]

One large disadvantage for a solominer is variance... especially if you are less than petahashes, and those mines are not hidden.

We are working on making p2pool better.

someone remind me why p2pool hasn't been built into core as a BIP yet? i know, hard fork. but, really. why not? this assumes a reliably working implementation, of course. i know it's struggled in the past.

[adamstgBit]

nice little launch this evening.

think it'll hold past monday?

i'll bet my entire btc supply that it won't!

(that's 5,242 WHOLE satoshi's!)

wtf you have no more coins? O_o? why why why would you have no more coins?

sold most around $100 due to unemployment. since 2008, i've only had a job last more then 6 months twice. last gig was going well, but got laid off dec. 9, day after my birthday...

it's been a rough patch.

got married in sept 2015 though, which is nice.

oh i c.
well congratulations, hope you get back to work soon, best wishes.

as for your "this price increase won't stick" comment

i'd disagree

short of a full on war breaking out ( >51% >33% hashing power switching to classic = full on war going on )

i don't see wtf is going to kill price, so much FUD the past few days and price was flat. what's it going to take to kill price??? WAR, thats what.

https://bitcointalk.org/index.php?topic=1311502.msg13987810#msg13987810

 

lol wtf is this? i don't even...

[BitUsher]

someone remind me why p2pool hasn't been built into core as a BIP yet? i know, hard fork. but, really. why not? this assumes a reliably working implementation, of course. i know it's struggled in the past.

Agreed with the sentiment , but these are complex and difficult problems to solve....Keep in mind that many ideas and solutions have been discussed for 5-6 years but finding the right balance and doing the appropriate testing takes time. ZKCPs is a really old concept that just recently been demonstrated for the first time within Bitcoin today.

[arklan]

someone remind me why p2pool hasn't been built into core as a BIP yet? i know, hard fork. but, really. why not? this assumes a reliably working implementation, of course. i know it's struggled in the past.

Agreed with the sentiment , but these are complex and difficult problems to solve....Keep in mind that many ideas and solutions have been discussed for 5-6 years but finding the right balance and doing the appropriate testing takes time. ZKCPs is a really old concept that just recently been demonstrated for the first time within Bitcoin today.

as someone who considered helping test bitcoin core at one point, that is strongly understood...

[JayJuanGee]

nice little launch this evening.

think it'll hold past monday?

i'll bet my entire btc supply that it won't!

(that's 5,242 WHOLE satoshi's!)

wtf you have no more coins? O_o? why why why would you have no more coins?

sold most around $100 due to unemployment. since 2008, i've only had a job last more then 6 months twice. last gig was going well, but got laid off dec. 9, day after my birthday...

it's been a rough patch.

got married in sept 2015 though, which is nice.

There's no real excuse though... especially if overall you believe in the possibility of bitcoin.

Living within your means, and dollar cost averaging of even $20 per month would have gotten you around $600 worth of bitcoin over about 30 months... Maybe that would be somewhere between 1.5 btc and 2btc...

Never too late...

therefore, start your $20 per month dollar cost averaging now... or any other amount that you believe is reasonably within your means.

[adamstgBit]

i'd disagree

short of a full on war breaking out ( >51% >33% hashing power switching to classic = full on war going on )

i don't see wtf is going to kill price, so much FUD the past few days and price was flat. what's it going to take to kill price??? WAR, thats what.

make no mistake, i have no logical reason to think it'll drop. just seems so stuck here, ya know?

don't trust your feelings, >32,000 <2years! is still possible

all we need is 1 miracle or 400billion dollars

[arklan]

heh. i'd be fine with 400 million.

heck, 400,000...

400? ...yea, i'd take it.

[ChartBuddy]

Coin



Explanation

[adamstgBit]

it would be interesting if someone could do some maths to see about how much money it would take to pump bitcoin to 32,000$
32,000$ implies a market cap of ~488,160,000,000$
but obviously it wouldn't require 400Billion to pump it that high.

[arklan]

it would be interesting if someone could do some maths to see about how much money it would take to pump bitcoin to 32,000$
32,000$ implies a market cap of ~488,160,000,000$
but obviously it wouldn't require 400Billion to pump it that high.

no way to know what kind of bid walls would go up along the way, seems impossible to predict as a result. would be one hell of a show, though.

[adamstgBit]

it would be interesting if someone could do some maths to see about how much money it would take to pump bitcoin to 32,000$
32,000$ implies a market cap of ~488,160,000,000$
but obviously it wouldn't require 400Billion to pump it that high.

no way to know what kind of bid walls would go up along the way, seems impossible to predict as a result. would be one hell of a show, though.

for fun.

assuming about 1/2 of ALL the coins would be sold to the pumper along the way.
assuming these coins would be sold at an avg price of 10,000$

we need to see 76,275,000,000$ flow into the market in order to hit a high of 32,000$

76Billion dollars

[chesthing]

it would be interesting if someone could do some maths to see about how much money it would take to pump bitcoin to 32,000$
32,000$ implies a market cap of ~488,160,000,000$
but obviously it wouldn't require 400Billion to pump it that high.

no way to know what kind of bid walls would go up along the way, seems impossible to predict as a result. would be one hell of a show, though.

for fun.

assuming about 1/2 of ALL the coins would be sold to the pumper along the way.
assuming these coins would be sold at an avg price of 10,000$

we need to see 76,275,000,000$ flow into the market in order to hit a high of 32,000$

76Billion dollars

The only way bitcoin will ever come close to 32k is through honest to goodness mainsteam adoption - no pumper or pump group could ever come close. The pumpers would long since been bought the fuck out.

[aminorex]

time for a monkey report.  monkey thinks this is a good time for a small correction,on a daily chart, but anticipates a continuing weekly, monthly uptrend during the coming 2-3 months, with a possible correction shortly before halving time (which seems unlikely to me personally, or should be minor, at least).

[adamstgBit]

it would be interesting if someone could do some maths to see about how much money it would take to pump bitcoin to 32,000$
32,000$ implies a market cap of ~488,160,000,000$
but obviously it wouldn't require 400Billion to pump it that high.

no way to know what kind of bid walls would go up along the way, seems impossible to predict as a result. would be one hell of a show, though.

for fun.

assuming about 1/2 of ALL the coins would be sold to the pumper along the way.
assuming these coins would be sold at an avg price of 10,000$

we need to see 76,275,000,000$ flow into the market in order to hit a high of 32,000$

76Billion dollars

The only way bitcoin will ever come close to 32k is through honest to goodness mainsteam adoption - no pumper or pump group could ever come close. The pumpers would long since been bought the fuck out.

i think your right,
2 million bitcoiners all hit market buy with 38,000$ each and we'll make it

that no good i don't like that.

but is 76Billion really what will be required??
hmmm
it seems to me if i start throwing all kinds of assumptions around i can probably get the number down to 30Billion required to pump bitcoin to 32,000$

ok so if 2million bitcoin hit market buy with ~15,000$ each we'll make it to 32K

still to much

20million bitcoiners hit market buy with 1,500$ each and we'll make it to 32K

its official we need about 10X more bitcoiners.

 

[aminorex]

The only way bitcoin will ever come close to 32k is through honest to goodness mainsteam adoption

It would not require "mainstream" adoption, merely greater penetration of specific use-cases.  Suppose reserve demand is 90% of the float, and the remainder is liquidity demand, with 15% of a 2tn gdp black market turning over at v=5.  That would imply a 600bn mcap, and 32k usd bitcoin.

[toknormal]

Earwig Low.

[adamstgBit]

it would be interesting if someone could do some maths to see about how much money it would take to pump bitcoin to 32,000$
32,000$ implies a market cap of ~488,160,000,000$
but obviously it wouldn't require 400Billion to pump it that high.

no way to know what kind of bid walls would go up along the way, seems impossible to predict as a result. would be one hell of a show, though.

for fun.

assuming about 1/2 of ALL the coins would be sold to the pumper along the way.
assuming these coins would be sold at an avg price of 10,000$

we need to see 76,275,000,000$ flow into the market in order to hit a high of 32,000$

76Billion dollars

The only way bitcoin will ever come close to 32k is through honest to goodness mainsteam adoption - no pumper or pump group could ever come close. The pumpers would long since been bought the fuck out.

i think your right,
2 million bitcoiners all hit market buy with 38,000$ each and we'll make it

that no good i don't like that.

but is 76Billion really what will be required??
hmmm
it seems to me if i start throwing all kinds of assumptions around i can probably get the number down to 30Billion required to pump bitcoin to 32,000$

ok so if 2million bitcoin hit market buy with ~15,000$ each we'll make it to 32K

still to much

20million bitcoiners hit market buy with 1,500$ each and we'll make it to 32K

its official we need about 10X more bitcoiners.

 

i'm going to pull a few more magic numbers out of my ass
how many dollars per bitcoiner can we expect??
assuming there are 2million of us globally right now and with a market cap of ~5billion right now
each bitcoiner contributed an avg of 2500$ each to the pump bitcoin this far
so with 20million bitcoiners we could see a pump to 32,000$ EASILY

now let's look at when we can expect to have 20million bitcoiners , bitcoin-ing


lets see how long it took facebook to get 20million users


 
no time.

[Cconvert2G36]

The only way bitcoin will ever come close to 32k is through honest to goodness mainsteam adoption

It would not require "mainstream" adoption, merely greater penetration of specific use-cases.  Suppose reserve demand is 90% of the float, and the remainder is liquidity demand, with 15% of a 2tn gdp black market turning over at v=5.  That would imply a 600bn mcap, and 32k usd bitcoin.

If you look closely, you can see the fingerprint of the 2tn black mkt...

[ChartBuddy]

Coin



Explanation