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

[adaseb]

Lets have a history recap.



Did you guys know that if you started mining with a Radeon 5970 on the day that a GPU miner was released for Bitcoin ( Oct 2010), when difficulty was around 1000. You would of made 800 BTC per day.

In November 2010 you would of made 266 BTC per day

In December 2010 you would of made 80 BTC per day.

[Meuh6879]

is this record high number of unconfirmed transactions?

223 000 MEMpool transactions is the top of the scale (before the 1 august, before massive upgrade of Bitcoin Core for segwit, like june/july 2017).

[smracer]

Here we go.

[JimboToronto]

What´s this american thing, bigger is better ? I think, it´s enough to have a handfull.
It´s sexier.

I think it has to do with bottle feeding.

[infofront]

Lets have a history recap.



Did you guys know that if you started mining with a Radeon 5970 on the day that a GPU miner was released for Bitcoin ( Oct 2010), when difficulty was around 1000. You would of made 800 BTC per day.

In November 2010 you would of made 266 BTC per day

In December 2010 you would of made 80 BTC per day.

I started in May or June 2011 with some Radeon 5850s. Ahhh...those were the days  

What´s this american thing, bigger is better ? I think, it´s enough to have a handfull.
It´s sexier.

I think it has to do with bottle feeding.

Could be. I was breast fed, and I'm a butt man.

[Torque]

The thing is, monetary tokens are not like a stock.

A stock has a finite intrinsic value - or a measurable value at least - based on the turnover of the business, earnings ratio, prospective commercial opportunities in its sector etc.

It's questionable if stocks have any value at all, much less the speculative value placed on them. Most people have no idea how the stock market really works or how stocks are really valued. It's pretty frightening really. Read my post on it here:

https://bitcointalk.org/index.php?topic=2098580.msg21161390#msg21161390

[pfrtlpfmpf]

What´s this american thing, bigger is better ? I think, it´s enough to have a handfull.
It´s sexier.

I think it has to do with bottle feeding.

Could be. I was breast fed, and I'm a butt man.
[/quote]


Oh yeah, those butts (not american style, just handfull), and bitcoin, they rule !

[Wekkel]

Most people have no idea how the stock market really works or how stocks are really valued. It's pretty frightening really. Read my post on it here:

https://bitcointalk.org/index.php?topic=2098580.msg21161390#msg21161390

Another way of looking at the stock market is as a wealth transfer scheme. After all, for each buyer there is a seller. The net result is 0, it’s a zero sum game, but some will win along the way and some will lose. You just have to be aware of the cycle.

[pfrtlpfmpf]

Most people have no idea how the stock market really works or how stocks are really valued. It's pretty frightening really. Read my post on it here:

https://bitcointalk.org/index.php?topic=2098580.msg21161390#msg21161390

Another way of looking at the stock market is as a wealth transfer scheme. After all, for each buyer there is a seller. The net result is 0, it’s a zero sum game, but some will win along the way and some will lose. You just have to be aware of the cycle.

Transfer that wealth to me. Now.
No, you´re right !

[bitserve]

Ok guys, back in front of my computer and it seems I have not missed *THE* ath.

Ready when you are

[Torque]

Most people have no idea how the stock market really works or how stocks are really valued. It's pretty frightening really. Read my post on it here:

https://bitcointalk.org/index.php?topic=2098580.msg21161390#msg21161390

Another way of looking at the stock market is as a wealth transfer scheme. After all, for each buyer there is a seller. The net result is 0, it’s a zero sum game, but some will win along the way and some will lose. You just have to be aware of the cycle.

The ultimate wealth transfer is not to any Average Joe retail buyer, it's to the wealthy elite owners and angel investors of these companies. They own the lions share of every insta-mined company stock IPO, of which they paid next to nothing for (relatively speaking).

Bitcoin's valuation, by contrast, has been bootstrapped and crowdfunded from the ground up by Average Joe. That's why the wealthy elite hate it.

[cAPSLOCK]

Earwig. Low.

Stamp moving again. 637 coins left priced under 10k.

If it breaks 10k we should get to 20k within a few hours.

Wut?  Reasoning?

[Ivor Biggun]

The forum's getting slower to load now bitcoin's getting close to $10k. I hope we can still post here at the $10k ATH.

Busy, try again (504)

The server seems to be overloaded right now. Please try again in a little while.

If you are getting this error while trying to post something, press the reload/refresh button in your browser and accept the browser warning. Keep doing this until you get a non-error page, at which point your post will be made. Leave at least a few seconds between each attempt.

It is normal for this error to occur every once in a while. There is generally no need to report it. However, if you get this error so often that it becomes especially disruptive, post to the Meta section of the forum about it.

[bitcoinPsycho]

the 1 hour optimism chart is looking very good.I think this is it, $10000 is imminent

[savetherainforest]

Also, who remembers the $1k Bitcoin party...

I do. Didn't last long though.

It wasn't the most fun for me as I was coming to realize I wasn't going to get my 50 coins back from Gox and I had <100 coins left.

Luckily 2014-5 gave me the opportunity to buy back many more than I lost.

This time I was much calmer. The day my Bitcoin stash was first worth over $1mCAD, I spent $1.2k on a new ultra-light powerful bass amp (bought with fiat) and had a few beverages.

I'm still gonna wait for the price to double a few more times before getting into my stash and making any real purchases. Anything under $10m is still just comfortable. I'd like to experience being rich before I get too old to enjoy it.

You don't need to disclose any further details or admit to anything; however, I am going to place you in the about 160BTC club (give or take 15 coins); therefore, having a $10million portfolio is going to require $62,500 value for bitcoins, and surely you do not need that much dough, as an old foggie to live comfortably.  

I am actually going to quibble with your target and suggest that anything in the $2million to $5million territory is going to be sufficient for you to start withdrawing some value - and surely you need not withdraw principle, because it is likely that anything you withdraw is going to be far and above your principle investment.  Therefore with a more splurgy investment, you could start withdrawing at $12,500, and the most conservative of the range, you would start withdrawing at $31k - which really I think is much too unnecessary, especially given your old foggie status.  


Hahahaha... that is called "unsolicited advice"... I concede that we all hate unsolicited advice.

Without disclosing exactly how many I have (your estimate is a bit off), I could have started spending some of my coins a while ago but since I'm still earning elsewhere, I'd rather keep acquiring more coins, albeit in much smaller amounts. Keeping busy helps keep you young and I learned long ago that prosperity comes in cycles.

When I was 20, my GF was the ex-wife of a brain surgeon so we lived pretty high off the hog. We had way too much spending money for kids our age.

After Uncle Sam decided I wasn't contributing enough to the American economy and suggested I leave of my own free will, I fell on tougher times back in Toronto. I moved into a cheap rooming house and scrambled to keep myself fed. Only stubbornness kept me from moving into my parents' home, collecting welfare, or getting a job. I scraped and hustled to earn any money I could and learned to live on almost nothing.

When I finally broke down and got a job I maintained my thriftiness. I kept spending to a minimum and earned extra money playing music at night while keeping up my day job.  I only bought things that were cheap enough to resell at a profit. I kept hustling any buck I could. Slowly I accumulated enough to finally quit employment for good and live completely off of music and hustles.

If a band broke up and my musical income was interrupted, I was back to scrounging to feed myself again. I still tell the story about how, after we'd eaten all the stale pasta with takeout squeeze-packet sauce, all we had was oatmeal. We had it with old brown sugar for breakfast, chicken bouillon cube porridge for lunch and Oxo porridge for dinner. Employment, welfare and panhandling were not options.

By the time I was in my 40s, I'd managed to acquire 3 properties in downtown Toronto while still maintaining dirt-cheap tenancy in an old house next to the train tracks. My 8 tenants paid my mortgages, taxes and maintenance costs, and gave me a good income as well. I slowly started falling into bad habits. I started to eat in restaurants and take taxicabs. I bought a trailer and kept a country place. I started living high off the hog again.

When prime minister Brian Mulroney "Cooled down the over-heated Canadian economy to wrestle inflation to the ground" everything changed again. My mortgage rates tripled, I had to lower my rents because of soaring unemployment and a collapsing local real estate market. My properties weren't worth what they were mortgaged for. Then I was involved as a passenger in a head-on highway collision.

Since I wasn't an employee and had no registered business, the insurance company gave me nothing. They offered me an insulting pittance for pain and suffering, but I refused it and retained a civil litigation lawyer. It took 2 years to see a penny. In the meantime I was unable to earn, confined to a wheelchair and crutches. The banks foreclosed on my mortgages and I was forced to declare bankruptcy.

Due to a precedent in an Ontario court in the 1920s, it was determined that the bankruptcy trustee couldn't touch any receivables from an auto accident settlement. Meanwhile the insurance company played hardball, not reaching a settlement until we'd already set a court date. I was forced to go on welfare, which paid for most of the cost of my rent. To subsist I was forced to sell some of my instruments and roll up my old nickels and pennies to buy cheap raw food. I ate a meal a day at a local soup kitchen. Then finally my lawyer called to say he'd received the minutes of settlement from the insurance company. I went and signed the papers and went straight to the trustee to declare bankruptcy. The next day, I went and picked up my settlement check, took it to the bank where it was written and got it certified, then went straight to my local bank branch and opened an account, withdrawing $5k in cash to pay off actual people I owed money to. I was a real person again.

Since then, I've done okay for myself but I'll always try to maintain my poverty buying habits. Never borrow. Buy only to earn, not to spend. Avoid banks. I'll try to maintain this attitude even if I become very wealthy.

This is why I'll keep holding, and buying the dips.

Dear Jimbo...

You seem to have a lot of bad karma!

You need to address that issue!!! Karma is the force of the nature of the Universe and the ways that it is manifested or expressed. I might guide you, but first you need to do your research on the web about the ways of the karma.

By the way, from what I have read... you seem to have a greedy personality. And I don't intending in saying that you are actually greedy. But you seem to think like a 'single cell organism'. In a way a bit self centered. And by that what is wrong about that is that you need to attune to the vibration of your environment.

[BTCOP]

That's one big ass wall on Bitstamp! Feels like everyone is just standing at the bottom at the moment, looking up trying to figure out how to get over it? Well i've seen Game of Thrones and in my opinion we just need some big fuck of dragon to come in behind us and blow to fucking pieces!

[BlindMayorBitcorn]

Also, who remembers the $1k Bitcoin party...

I do. Didn't last long though.

It wasn't the most fun for me as I was coming to realize I wasn't going to get my 50 coins back from Gox and I had <100 coins left.

Luckily 2014-5 gave me the opportunity to buy back many more than I lost.

This time I was much calmer. The day my Bitcoin stash was first worth over $1mCAD, I spent $1.2k on a new ultra-light powerful bass amp (bought with fiat) and had a few beverages.

I'm still gonna wait for the price to double a few more times before getting into my stash and making any real purchases. Anything under $10m is still just comfortable. I'd like to experience being rich before I get too old to enjoy it.

You don't need to disclose any further details or admit to anything; however, I am going to place you in the about 160BTC club (give or take 15 coins); therefore, having a $10million portfolio is going to require $62,500 value for bitcoins, and surely you do not need that much dough, as an old foggie to live comfortably.  

I am actually going to quibble with your target and suggest that anything in the $2million to $5million territory is going to be sufficient for you to start withdrawing some value - and surely you need not withdraw principle, because it is likely that anything you withdraw is going to be far and above your principle investment.  Therefore with a more splurgy investment, you could start withdrawing at $12,500, and the most conservative of the range, you would start withdrawing at $31k - which really I think is much too unnecessary, especially given your old foggie status.  


Hahahaha... that is called "unsolicited advice"... I concede that we all hate unsolicited advice.

Without disclosing exactly how many I have (your estimate is a bit off), I could have started spending some of my coins a while ago but since I'm still earning elsewhere, I'd rather keep acquiring more coins, albeit in much smaller amounts. Keeping busy helps keep you young and I learned long ago that prosperity comes in cycles.

When I was 20, my GF was the ex-wife of a brain surgeon so we lived pretty high off the hog. We had way too much spending money for kids our age.

After Uncle Sam decided I wasn't contributing enough to the American economy and suggested I leave of my own free will, I fell on tougher times back in Toronto. I moved into a cheap rooming house and scrambled to keep myself fed. Only stubbornness kept me from moving into my parents' home, collecting welfare, or getting a job. I scraped and hustled to earn any money I could and learned to live on almost nothing.

When I finally broke down and got a job I maintained my thriftiness. I kept spending to a minimum and earned extra money playing music at night while keeping up my day job.  I only bought things that were cheap enough to resell at a profit. I kept hustling any buck I could. Slowly I accumulated enough to finally quit employment for good and live completely off of music and hustles.

If a band broke up and my musical income was interrupted, I was back to scrounging to feed myself again. I still tell the story about how, after we'd eaten all the stale pasta with takeout squeeze-packet sauce, all we had was oatmeal. We had it with old brown sugar for breakfast, chicken bouillon cube porridge for lunch and Oxo porridge for dinner. Employment, welfare and panhandling were not options.

By the time I was in my 40s, I'd managed to acquire 3 properties in downtown Toronto while still maintaining dirt-cheap tenancy in an old house next to the train tracks. My 8 tenants paid my mortgages, taxes and maintenance costs, and gave me a good income as well. I slowly started falling into bad habits. I started to eat in restaurants and take taxicabs. I bought a trailer and kept a country place. I started living high off the hog again.

When prime minister Brian Mulroney "Cooled down the over-heated Canadian economy to wrestle inflation to the ground" everything changed again. My mortgage rates tripled, I had to lower my rents because of soaring unemployment and a collapsing local real estate market. My properties weren't worth what they were mortgaged for. Then I was involved as a passenger in a head-on highway collision.

Since I wasn't an employee and had no registered business, the insurance company gave me nothing. They offered me an insulting pittance for pain and suffering, but I refused it and retained a civil litigation lawyer. It took 2 years to see a penny. In the meantime I was unable to earn, confined to a wheelchair and crutches. The banks foreclosed on my mortgages and I was forced to declare bankruptcy.

Due to a precedent in an Ontario court in the 1920s, it was determined that the bankruptcy trustee couldn't touch any receivables from an auto accident settlement. Meanwhile the insurance company played hardball, not reaching a settlement until we'd already set a court date. I was forced to go on welfare, which paid for most of the cost of my rent. To subsist I was forced to sell some of my instruments and roll up my old nickels and pennies to buy cheap raw food. I ate a meal a day at a local soup kitchen. Then finally my lawyer called to say he'd received the minutes of settlement from the insurance company. I went and signed the papers and went straight to the trustee to declare bankruptcy. The next day, I went and picked up my settlement check, took it to the bank where it was written and got it certified, then went straight to my local bank branch and opened an account, withdrawing $5k in cash to pay off actual people I owed money to. I was a real person again.

Since then, I've done okay for myself but I'll always try to maintain my poverty buying habits. Never borrow. Buy only to earn, not to spend. Avoid banks. I'll try to maintain this attitude even if I become very wealthy.

This is why I'll keep holding, and buying the dips.

Dear Jimbo...

You seem to have a lot of bad karma!

You need to address that issue!!! Karma is the force of the nature of the Universe and the ways that it is manifested or expressed. I might guide you, but first you need to do your research on the web about the ways of the karma.

By the way, from what I have read... you seem to have a greedy personality. And I don't intending in saying that you are actually greedy. But you seem to think like a 'single cell organism'. In a way a bit self centered. And by that what is wrong about that is that you need to attune to the vibration of your environment.

You shit posting donkey. Jimbo is the personification of Bitcoin. He's classy as fuck!

[savetherainforest]

You shit posting donkey. Jimbo is the personification of Bitcoin. He's classy as fuck!

Bitcoin has nothing and everything to do with Karma.

For example probably if Jimbo didn't suffer so much, he would have probably never had the audacity to look around him and observe the impending presence of the future elephant(aka Bitcoin) in the room.

Also... Karma brought Bitcoin as a consequence of the actions of other people from the history of the world. The Universe feels when it is out of balance and needs to bend time, space and information of matter.

[BlindMayorBitcorn]

You shit posting donkey. Jimbo is the personification of Bitcoin. He's classy as fuck!

Bitcoin has nothing and everything to do with Karma.

For example probably if Jimbo didn't suffer so much, he would have probably never had the audacity to look around him and observe the impending presence of the future elephant(aka Bitcoin) in the room.

Also... Karma brought Bitcoin as a consequence of the actions of other people from the history of the world. The Universe feels when it is out of balance and needs to bend time, space and information of matter.

Karma is horse hockey. Have a string of bad luck yourself for a while, then talk to me about the feels of the universe.

[JayJuanGee]

Monthly RSI at 94,1% today.

RSI has been higher on monthly only 3 times in BTC history:

* January to February 2013 - 95 to 96,8% max.
* November 2013 - 96,5% max.
* August 2017 - 94,5% max.

Each and very time after the RSI peaking a correction started.
In the very best case it was a 40% correction.

good luck with your having had sold your bitcoins.  We will see you in the $11,500 to $12,500 price arena in the near future.  Hopefully not crying too hard.