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

[Arriemoller]

But we do know what IQ is.  https://en.wikipedia.org/wiki/Intelligence_quotient

My IQ was properly measured when I was a youngling at 160. I spend most of my days staring at a bush and worrying about my next visit to the toilet. The only thing IQ indicates is the ability to pass IQ tests.

There is a strong correlation between high IQ and wealth.

No. At least no if you get rid of under 90 IQ individuals. Over that point (the majority) there's not such a strong correlation at all.

What?

I said no strong correlation between high IQ and high wealth. Of course if we only consider people with way below average IQ there is a strong correlation, but not so strong correlation when comparing individuals with above average IQ.

https://pumpkinperson.com/2016/02/11/the-incredible-correlation-between-iq-income/

[Arriemoller]

But not one with the insight to have any clue where this Bitcoin market is going, or why. 

Its going above $5k before the year is out.

ps. do you know what my forecast was at the beginning of the year ? $1500 or thereabouts. WTF do I know.

I don't know.

Neither do I buddy.

But google does.
Intelligence quotient (IQ)
Definition:
Measure of a person's cognitive capacity relative to his or her peers. It is computed by dividing the person's mental age (as measured on a scale such as Stanford-Binet Scale) by his or her chronological age, and multiplying with 100.

Read more: http://www.businessdictionary.com/definition/intelligence-quotient-IQ.html

What is cognitive capacity?

Again, google.
"Cognition is "the mental action or process of acquiring knowledge and understanding through thought, experience, and the senses."[1] It encompasses processes such as knowledge, attention, memory and working memory, judgment and evaluation, reasoning and "computation", problem solving and decision making, comprehension and production of language. Human cognition is conscious and unconscious, concrete or abstract, as well as intuitive (like knowledge of a language) and conceptual (like a model of a language). Cognitive processes use existing knowledge and generate new knowledge."

https://en.wikipedia.org/wiki/Cognition

Okay, but is it located in the elbow or the left butt cheek? And how many jigawatts is one cognitive capacity?

You really can't take a hint can you. Google it.

Google knows how may jigawatts a cognitive capacity is?

You would know the answer to that if you tried to google it. Please post answer.

IT DOES NOT! https://www.google.co.uk/search?q=how+many+jigawatts+is+a+cognitive+capacity%3F&gws_rd=cr,ssl&ei=KdOIWeXeDMORgAaco4rwDQ
It doesn't even recognize the real and proper word jigawatt as being an actual word! What the FUCK?!

Wikipedia must have misspelled.

[Meuh6879]

  and we are multi-quote puzzle ...  

btw, the goal is near : https://bitcointalk.org/index.php?topic=2071575.msg20698300#msg20698300

[Arriemoller]

But not one with the insight to have any clue where this Bitcoin market is going, or why. 

Its going above $5k before the year is out.

ps. do you know what my forecast was at the beginning of the year ? $1500 or thereabouts. WTF do I know.

I don't know.

Neither do I buddy.

But google does.
Intelligence quotient (IQ)
Definition:
Measure of a person's cognitive capacity relative to his or her peers. It is computed by dividing the person's mental age (as measured on a scale such as Stanford-Binet Scale) by his or her chronological age, and multiplying with 100.

Read more: http://www.businessdictionary.com/definition/intelligence-quotient-IQ.html

What is cognitive capacity?

Again, google.
"Cognition is "the mental action or process of acquiring knowledge and understanding through thought, experience, and the senses."[1] It encompasses processes such as knowledge, attention, memory and working memory, judgment and evaluation, reasoning and "computation", problem solving and decision making, comprehension and production of language. Human cognition is conscious and unconscious, concrete or abstract, as well as intuitive (like knowledge of a language) and conceptual (like a model of a language). Cognitive processes use existing knowledge and generate new knowledge."

https://en.wikipedia.org/wiki/Cognition

Okay, but is it located in the elbow or the left butt cheek? And how many jigawatts is one cognitive capacity?

You really can't take a hint can you. Google it.

Google knows how may jigawatts a cognitive capacity is?

You would know the answer to that if you tried to google it. Please post answer.

IT DOES NOT! https://www.google.co.uk/search?q=how+many+jigawatts+is+a+cognitive+capacity%3F&gws_rd=cr,ssl&ei=KdOIWeXeDMORgAaco4rwDQ
It doesn't even recognize the real and proper word jigawatt as being an actual word! What the FUCK?!

Wikipedia must have misspelled.

I checked and yes they did, so I changed it to Jigawatt and jigabyte.
So now there is an answer on Wikipedia and it reads "in the range of 100 jigabytes to 1 petabyte."

[BlindMayorBitcorn]

These last few pages have made me smarter _and_ dumber.

And cancer.

[BlindMayorBitcorn]

Last I read the r/btc crowd were trying to fundraise an independent audit of ElectronCash. Any news?

[empowering]

BCH Update

There have been 223 blocks mined since the hard fork.

(784 blocks behind the original chain)


The Bitcoin Cash blockchain is currently operating at 17% of the original chain's difficulty.


The original chain has grown 791.72MB more than the Bitcoin Cash blockchain.


It is currently 55% more profitable to mine on the original chain.

Source:https://cash.coin.dance/blocks


Current price = $335 ish

Meanwhile...

BCH Update

There have been 175 blocks mined since the hard fork.

(740 blocks behind the original chain)


The Bitcoin Cash blockchain is currently operating at 17% of the original chain's difficulty.


The original chain has grown 711.06MB more than the Bitcoin Cash blockchain.


It is currently 114% more profitable to mine on the original chain.


Current price: $250 ish

BCH Update

There have been 100 blocks mined since the hard fork.

(679 blocks behind the original chain)


The Bitcoin Cash blockchain is currently operating at 17% of the original chain's difficulty.


The original chain has grown 599.51MB more than the Bitcoin Cash blockchain.


It is currently 154% more profitable to mine on the original chain.

Source:https://cash.coin.dance/blocks


Current Finex Price = $194 ish

...meanwhile

BCH Update

There have been 84 blocks mined since the hard fork.
(641 blocks behind the original chain)

The Bitcoin Cash blockchain is currently operating at 26% of the original chain's difficulty.

The original chain has grown 562.20MB more than the Bitcoin Cash blockchain.

It is currently 311% more profitable to mine on the original chain.

Source:https://cash.coin.dance/blocks

Current price = $205

[Chef Ramsay]

This is what a major American financial news station showed not even an hour ago.
->https://twitter.com/CNBCFastMoney/status/894680240890548225
Unleash the fury!

[kurious]

The question is what happens if mining becomes more profitable there for a while, and then back, and so forth, and the consequences.

its developers are gonna do everything possible to make it more attractive to mine on.

bcash's emergency difficulty adjustment thing is really gonna mess with some stats. bitcoin doesn't have it.

https://bitcoinandtheblockchain.blogspot.co.uk/2017/08/btc-is-dead-long-live-btc.html

the above is a crappy article but it does have a few points.

No Emergency Difficulty Adjustment is a weakness in BTC, if BCash's difficulty can adjust to make it more profitable and miners leave BTC for it, it's big trouble. 

I cashed a few BCH in, I think I might hold the rest for now - just in case...

[empowering]

This is what a major American financial news station showed not even an hour ago.
->https://twitter.com/CNBCFastMoney/status/894680240890548225
Unleash the fury!

.... slightly bullish  

That guy would put some of the bulls here to  shame  

[jojo69]

is there a link to the vid yet?

[kurious]

This is what a major American financial news station showed not even an hour ago.
->https://twitter.com/CNBCFastMoney/status/894680240890548225
Unleash the fury!

Nice one, Chef.   

A 'wall of money' - I hope so...!  25K BTC, though - hmm... feels like hyperbole, but I won't complain (or be here any more!).

Let's see if Segwit locks in and then if there are further forks...  A few months to go, surely - unless Wall Street FOMO hits and that wall of money is real.

[Meuh6879]

https://bitcoinandtheblockchain.blogspot.co.uk/2017/08/btc-is-dead-long-live-btc.html
the above is a crappy article but it does have a few points.

no point.
2016 blocks are a financial intensive to avoid fast variation on mining power.
slow blocks don't affect the network with the combinaison of mempool waiting list (20min instead of 10min, 50% less mining power ? Not a problem at all ... but that the mining industries thaht they will have a problem).

network can work in a degraded mode with low mining ressource to permit balance between mining ressource and political pressure.

this article is shit because it point the fact that miners can leave the boat in a day.
when you has 300 000 USD of mining machine and 100 000 USD of bill & loan, you follow the money ... not the political pressure.

You mine blocks on a 3000 USD network ... not on a 300 USD network.
Mining are like that.

And it's good.

[European Central Bank]

No Emergency Difficulty Adjustment is a weakness in BTC, if BCash's difficulty can adjust to make it more profitable and miners leave BTC for it, it's big trouble. 

I cashed a few BCH in, I think I might hold the rest for now - just in case...

yep. that was my point.

[criptix]

No Emergency Difficulty Adjustment is a weakness in BTC, if BCash's difficulty can adjust to make it more profitable and miners leave BTC for it, it's big trouble. 

I cashed a few BCH in, I think I might hold the rest for now - just in case...

yep. that was my point.

At the moment miners leave the BTC chain it will become more economical viable for other miners to mine on the BTC chain.
(While the price is stable of course)

[marcus_of_augustus]

At the moment miners leave the BTC chain it will become more economical viable for other miners to mine on the BTC chain.

... and the defenders of the true coin will begin waves of dumping on BCH. Mine Bcash at your own risk, and losses.

[Torque]

This is what a major American financial news station showed not even an hour ago.
->https://twitter.com/CNBCFastMoney/status/894680240890548225
Unleash the fury!

Nice one, Chef.  

A 'wall of money' - I hope so...!  25K BTC, though - hmm... feels like hyperbole, but I won't complain (or be here any more!).

Let's see if Segwit locks in and then if there are further forks...  A few months to go, surely - unless Wall Street FOMO hits and that wall of money is real.

I get a little nervous when MSM starts actually turning pro-bitcoin. I always think, "Why are they suddenly promoting it? What's in it for them?" They've been relentlessly negative and dismissive for 8 years. Even at times laughing at Bitcoiners.

[marcus_of_augustus]

Japan is leading again ... 08:30 in Tokyo.

Wall St. is being dragged into this kicking and squealing like spoiled girls, BitLicence ... oh yeah, that ought to stop bitcoin 

[JimboToronto]

Just checked the prices and I see my coins are worth over $4.7kCAD each, over $4.3k as BTC and over $400 as BCH.

Not bad. I'm glad I made the decision to be a double holder (for now).

 

[kurious]

No Emergency Difficulty Adjustment is a weakness in BTC, if BCash's difficulty can adjust to make it more profitable and miners leave BTC for it, it's big trouble. 

I cashed a few BCH in, I think I might hold the rest for now - just in case...

yep. that was my point.

And it was an interesting one.  Hedging bets is always a good idea.

I was thinking 'thousands of bucks for free' and yet now I am thinking 'maybe I should hang on'

The profit ratio deficit has closed massively in a few days and BCH is already clipping over $300 - not much more and it's possibly at mining profit parity....  Always expect the unexpected and live a little easier: BTC was never an easy ride, and no one here knows what may come next.

I guess my thoughts are... How you gonna feel if BCH soars and BTC tanks if you sold 'em all at $200?