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

[lightfoot]

but alas...so boring.........can't quite grasp the concept......sheesh

What will save you Searing is what has saved many of us: We're just too damn lame to sell.

Remember, once you start selling it's like a druuuuuug. Instead hire people for services and pay in bitcoin :-)

C

[lightfoot]

Jesus fucking christ, I just realized how much hashpower is needed to make a bitcoin in a month.

Never. Selling. Again.

[jojo69]

Jesus fucking christ, I just realized how much hashpower is needed to make a bitcoin in a month.

Never. Selling. Again.

Network hashrate is currently around 10 ExaH/s (10,000,000 TH/s) which roughly converts to 127 ZettaFLOPS, though there is no direct conversion between FLOPS (floating point operations per second) and hashes because hashes involve integer operations (whole number math) and FLOPS involving obviously floating point math. Any claim of Bticoin is x flops is simply an approximation of the potential floating point power.

At any rate, far and away the largest computational effort humanity has yet achieved. I do not think "astronomical" is hyperbole in this case.
 

[lightfoot]

And I seem to have a knack for fixing these little space-shovels.

Weird feeling all of a sudden.

[elrippos friend]

Do we get out of the under 10k€ hell this year 

[Searing]

I found SegWit2 on this price link below

https://www.worldcoinindex.com/coin/segwit2x

Is this just some action before the fork coming up this middle of November...ie speculation..tokens...whatever?

be damn wierd if that price of $1,006.67 held add that to (at this time) $6152.89 (btc core) and $441.83 (bitcoin cash) and $141.71 (btc gold)

Damn, that is $7743.10 BTC! (of many flavors).....this can't hold?

Sure makes things dang interesting.

I suppose there is more than one way to get over this 21 million coin limit...fork BTC Core.

Anyway....what I stumbled over.

[rjclarke2000]

I found SegWit2 on this price link below

https://www.worldcoinindex.com/coin/segwit2x

Is this just some action before the fork coming up this middle of November...ie speculation..tokens...whatever?

be damn wierd if that price of $1,006.67 held add that to (at this time) $6152.89 (btc core) and $441.83 (bitcoin cash) and $141.71 (btc gold)

Damn, that is $7743.10 BTC! (of many flavors).....this can't hold?

Sure makes things dang interesting.

I suppose there is more than one way to get over this 21 million coin limit...fork BTC Core.

Anyway....what I stumbled over.

$1000 2x coin?

That's insane.

[AlexGR]

$1000 2x coin?

That's insane.

IIRC BCH topped at 1200?

[Cassius]

$1000 2x coin?

That's insane.

IIRC BCH topped at 1200?

I'm not sure how reliable the futures market was for BCH, but in any case B2x futures will be thinly traded, confined to particular exchanges and susceptible to manipulation.
In the case of B2x, I also suspect that the lack of replay protection will discourage some traders when exchanges enable it. So additional volatility from that...

[Rosewater Foundation]

You'll have to be a wizard to figure a way to profit off B2X unless you're prepared to trust an exchange with all your bitcoin pre-fork.

[Last of the V8s]

Do we get out of the under 10k€ hell this year 

Anything less than £10k is terribly 2017, and frankly a snoar.

[AlcoHoDL]

ATH @ Kraken!

5311 €

Diz iz gentlemen!

[JayJuanGee]

I found SegWit2 on this price link below

https://www.worldcoinindex.com/coin/segwit2x

Is this just some action before the fork coming up this middle of November...ie speculation..tokens...whatever?

be damn wierd if that price of $1,006.67 held add that to (at this time) $6152.89 (btc core) and $441.83 (bitcoin cash) and $141.71 (btc gold)

Damn, that is $7743.10 BTC! (of many flavors).....this can't hold?

Sure makes things dang interesting.

I suppose there is more than one way to get over this 21 million coin limit...fork BTC Core.

Anyway....what I stumbled over.

I think that you are thinking about this wrongly, if you combine the price of any coin that forks bitcoin in order to come up with a value or a sustainable value - because, even though the price of the forked coin may factor into bitcoin price at the time of the fork, the value of the forked coin is going to merge off and have to sustain on its own - whether real bitcoin holders continue to hold it or not....

and fuck the forkers, because surely there is some damage and dilution agenda, in the end, they are not really going to end up diluting bitcoin because they merely become an alt.. and the more and more forkers go down this path, the more and more likely that the public assigns lower and lower value to their coat tail leeching efforts... so yeah perhaps we only have 10 more forks in the next couple years, or perhaps we have more, including forks of the forks, which is a current projection of BCH, as some folks have mentioned in this thread, seeming likely to be happening around mid-November (coinciding with Segwit2x) and purportedly to "address" the BCH instability caused by considerable fluctuations in BCH hashing power and mining of blocks seemingly coming from the emergency difficulty adjustment issue.

[JayJuanGee]

ATH @ Kraken!

5311 €

Diz iz gentlemen!

False start to this rally, perhaps?  24 hours more of engine revving needed?

[starmman]

ATH @ Kraken!

5311 €

Diz iz gentlemen!

Nice to hear - lots of ATH's these days =)

[AlcoHoDL]

ATH @ Kraken!

5311 €

Diz iz gentlemen!

False start to this rally, perhaps?  24 hours more of engine revving needed?

Already broken! 5335 € now... I can't explain it, I just enjoy it...

Edit: Huge Buy wall forming...

[JayJuanGee]

ATH @ Kraken!

5311 €

Diz iz gentlemen!

False start to this rally, perhaps?  24 hours more of engine revving needed?

Already broken! 5335 € now... I can't explain it, I just enjoy it...

Great!!!! Wonderful!!!!

But that is not the point of my question which may have been a slightly different topic regarding our seemingly pending and imminent rally, whether it is going to happen now, or take a bit longer to commence?  Are we going to get to $6800 in the coming day or two or will it take us until next week before we arrive there?

[sirazimuth]

Wow! Great story. !!

https://www.wired.com/story/i-forgot-my-pin-an-epic-tale-of-losing-dollar30000-in-bitcoin/

[AlcoHoDL]

ATH @ Kraken!

5311 €

Diz iz gentlemen!

False start to this rally, perhaps?  24 hours more of engine revving needed?

Already broken! 5335 € now... I can't explain it, I just enjoy it...

Great!!!! Wonderful!!!!

But that is not the point of my question which may have been a slightly different topic regarding our seemingly pending and imminent rally, whether it is going to happen now, or take a bit longer to commence?  Are we going to get to $6800 in the coming day or two or will it take us until next week before we arrive there?

I believe it's going to take longer than a day or two to reach this value. People will sell. But as long as we get there, even if it takes a week, I'm happy.

[Lincoln6Echo]

Wow! Great story. !!

https://www.wired.com/story/i-forgot-my-pin-an-epic-tale-of-losing-dollar30000-in-bitcoin/

yeah read this too!

My favorite:

I’d conquered the Trezor with its nerdishly cruel PIN delay function, and one-upped the part of my brain that thought it could keep a secret from its owner. Fuck the both of you, I thought. I won.

Made me giggle.