Bitcoin Forum
October 17, 2019, 01:57:50 AM *
News: Latest Bitcoin Core release: 0.18.1 [Torrent]
 
   Home   Help Search Login Register More  
Poll
Question: Oct. 5 Closing Price:
$0 - 5 (3.5%)
<$8,000 - 38 (27%)
$8,000-$8,500 - 16 (11.3%)
$8,500-$9,000 - 10 (7.1%)
$9,000-$9,500 - 13 (9.2%)
$9,500-$10,000 - 12 (8.5%)
$10,000-$10,500 - 10 (7.1%)
$10,500-$11,000 - 5 (3.5%)
$11,000-$11,500 - 2 (1.4%)
$11,500-$12,000 - 4 (2.8%)
>$12,000 - 17 (12.1%)
>$20,000 - 9 (6.4%)
Total Voters: 141

Pages: « 1 ... 20463 20464 20465 20466 20467 20468 20469 20470 20471 20472 20473 20474 20475 20476 20477 20478 20479 20480 20481 20482 20483 20484 20485 20486 20487 20488 20489 20490 20491 20492 20493 20494 20495 20496 20497 20498 20499 20500 20501 20502 20503 20504 20505 20506 20507 20508 20509 20510 20511 20512 [20513] 20514 20515 20516 20517 20518 20519 20520 20521 20522 20523 20524 20525 20526 20527 20528 20529 20530 20531 20532 20533 20534 20535 20536 20537 20538 20539 20540 20541 20542 20543 20544 20545 20546 20547 20548 20549 20550 20551 20552 20553 20554 20555 20556 20557 20558 20559 20560 20561 20562 20563 ... 25253 »
  Print  
Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21403891 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (108 posts by 21 users deleted.)
Robin,Hood
Member
**
Offline Offline

Activity: 462
Merit: 62


View Profile
May 31, 2018, 08:37:53 AM



The next three bitcoin halving's will be epic.
  • On the next halving Bitcoins coin emission falls below fiat inflation
  • The one after that Bitcoin replaces Gold as hedge as coin emission falls below Golds yearly mining rate
  • After the third one the coins lost yearly will be greater than the newly mined coming to market.
On top of it there will be significant changes of energy price. It does not matter how cheap electric will be bitcoin is limited just hashrate rises. With very cheap power even now uneconomical gold mines will reopen.

Just study and understand this.


neat data! not sure if its yours, but it would be nice to have a 2019/2020 and maybe even later inflation ("predicted")


Well Bitcoin halves again in 2020, so it be 3,x until then. Fours years at 1.6%ish then 0.8%ish and so one. Litecoin halves in 2019 then its 3.3ish and will always be 3 years (1007 days ) behind. You cant beat it unless you cheat or apply some kind of trickery. Monero will be at "100%" in May 2022 after which a 0,87% tail emission commences indefinitely. Slightly better than gold and better than Dogecoin which has the same kind of tail emission just different numbers "100%" was in 2015 and is now 10k reward indefinitely. Ripple and Stellar operate like fiat and release to favorite market conditions. Play the market as company's do. Ethereum no one knows its now 100M the original story that there will be 92M clearly is not correct. How long is a piece of string? Can you make money on Zchash or other alts, of course thats what trading markets are for, to increase your net worth. Where will you park it wealth fiat lose ~2%, gold lose ~1% land which has various amounts of land tax or Bitcoin.
It is still accumulation stage.
I am just about to en-devour on a 2000 km drive in case some shit happens my coins are gone for good, no one could access them.

Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1571277470
Hero Member
*
Offline Offline

Posts: 1571277470

View Profile Personal Message (Offline)

Ignore
1571277470
Reply with quote  #2

1571277470
Report to moderator
1571277470
Hero Member
*
Offline Offline

Posts: 1571277470

View Profile Personal Message (Offline)

Ignore
1571277470
Reply with quote  #2

1571277470
Report to moderator
1571277470
Hero Member
*
Offline Offline

Posts: 1571277470

View Profile Personal Message (Offline)

Ignore
1571277470
Reply with quote  #2

1571277470
Report to moderator
marcus_of_augustus
Legendary
*
Offline Offline

Activity: 2954
Merit: 1170



View Profile
May 31, 2018, 08:45:25 AM
Last edit: May 31, 2018, 09:04:07 AM by marcus_of_augustus

For the market to grow like we all hope it will, regular people are going to have to come in droves.

No, this is wrong. Current fiat (or any asset) wealth is not distributed evenly across the population, in fact it is well-documented and heralded as being increasingly concentrated in fewer and fewer hands. By this reason alone, relatively very few have to come to bitcoin to replace fiat as the dominant wealth storage and measurement mechanism.
realr0ach
Sr. Member
****
Offline Offline

Activity: 798
Merit: 302


#TheGoyimKnow


View Profile
May 31, 2018, 08:58:59 AM

Monero will be at "100%" in May 2022 after which a 0,87% tail emission commences indefinitely. Slightly better than gold and better than Dogecoin

AHAHAHA

Yes, because as we all know, once a PoW coin's block reward reaches zero, the tooth fairy casts a spell on it to turn it into "better than gold".  That's why there is not a single dead PoW altcoin so far and only 2000 new forms of gold!!!

...just kidding, all PoW coins function as Ponzi schemes in practice because the block reward subsidizes transaction fees and once it ceases, people all simply switch over to a different chain that still has a block reward running in order to keep the subsidy and not pay $500 per transaction.  The only way PoW can function is if there's only one coin, no altcoins, and no competing (yet even more centralized) alternatives like PoS.  This is all related to the fact as I've said 5000 times before that there is no valid Schelling point in craptocurrency, unlike precious metals of silver and gold because nobody can create a new silver in their basement.
Spaceman_Spiff_Original
Full Member
***
Offline Offline

Activity: 364
Merit: 138



View Profile
May 31, 2018, 09:24:29 AM

  • On the next halving Bitcoins coin emission falls below fiat inflation
  • The one after that Bitcoin replaces Gold as hedge as coin emission falls below Golds yearly mining rate
  • After the third one the coins lost yearly will be greater than the newly mined coming to market.
On top of it there will be significant changes of energy price. It does not matter how cheap electric will be bitcoin is limited just hashrate rises. With very cheap power even now uneconomical gold mines will reopen.

Just study and understand this.


You made a very common mistake.  The bitcoin emission rate is already better than fiat if you look at historical rates of base money creation. Comparing new bitcoin creating with dollar price inflation is apples and oranges. So the reality is even rosier than you think.
Other than that, nice data summary.
fragout
Legendary
*
Offline Offline

Activity: 1241
Merit: 1011



View Profile
May 31, 2018, 09:27:43 AM

http://archive.is/TUMER

Quote
BLOOMBERG: Bitcoin Heads Toward $7,000 as Pain Returns on Gloomy Technicals
By Eddie van der Walt
Wednesday, May 30, 2018 16:56:59

-Drop below average price for last year could send it falling
-Price heading for $2,800 by the end of the year, Day says

Bitcoin’s in a world of pain, again.

The biggest cryptocurrency has renewed its flirtation with the $7,000 price level. The slide has helped to also send other digital assets into retreat, with Ethereum, Ripple and Litecoin all lower on Wednesday.

Since failing to regain the psychologically important $10,000 level on May 4, it has closed lower in New York in 12 out of 17 sessions. The hype surrounding last year’s hottest asset class have faded in 2018, with fewer online searches and more pressure for regulators, with technical analysts saying the decline replicates the pattern seen following the collapse of the Mt. Gox exchange four years ago.

“The emotions are no different from the last time this happened, it’s just a different set of people going through it,” said Paul Day, a technical analyst and head of futures and options at Market Securities Dubai Ltd. “We could go down a long, long way.”
Bitcoin on Friday dropped below its average over the previous 252 days, roughly equal to the number of trading days in a year. This could mean that the next leg lower is already underway, with the price heading for $2,800 by the end of the year, Day said.

EDIT: I know the above is pure FUD, and although BTC is currently priced below a level I would like to optimally sell at, I'm starting to consider cashing out another fair chunk around $7,500 if shit doesn't start trending upwards in the next few weeks. "Just get the pain over with" so to speak, and put the rest of my stash into cold storage until after 2020. I'm not considering it as "weak hands", just thinking pragmatically and what is best for my mental and financial health. Again, $11,500 is my "optimal" exit number, but, yeah, this whole Zen thing I'm working on is teaching me more to live "in the moment/now", and the more I think about "the now" vs "the future - which is uncertain", I could dump a chunk at these levels and find peace in the decision. We'll see how things play out, but looks like we're headed on a nice bull-run at the moment...


Be strong bob. At least wait for this daily wedge to play out and hope it breaks to the upside. Wont be long now either way.

TERA2
Full Member
***
Offline Offline

Activity: 266
Merit: 222


Deb Rah Von Doom


View Profile
May 31, 2018, 10:00:06 AM

Quote
BLOOMBERG: Bitcoin Heads Toward $7,000 as Pain Returns on Gloomy Technicals
Since failing to regain the psychologically important $10,000 level on May 4, it has closed lower in New York in 12 out of 17 sessions.
Wait what? Bitcoin closed? New York? Sessions? Are they talking about futures, or does this editor just not know what he is talking about?
Torque
Legendary
*
Offline Offline

Activity: 1946
Merit: 1518



View Profile
May 31, 2018, 10:21:18 AM

Monero will be at "100%" in May 2022 after which a 0,87% tail emission commences indefinitely. Slightly better than gold and better than Dogecoin

AHAHAHA

Yes, because as we all know, once a PoW coin's block reward reaches zero, the tooth fairy casts a spell on it to turn it into "better than gold".  That's why there is not a single dead PoW altcoin so far and only 2000 new forms of gold!!!

...just kidding, all PoW coins function as Ponzi schemes in practice because the block reward subsidizes transaction fees and once it ceases, people all simply switch over to a different chain that still has a block reward running in order to keep the subsidy and not pay $500 per transaction.

Sorry had to quote this one. This proves that you're an idiot r0ach, as no miners are going to switch over to a dead coin that no one is buying or transacting with. So you think that zombie coins buy themselves now?
micgoossens
Legendary
*
Offline Offline

Activity: 840
Merit: 2724


Taking it back a nodge, VEGETA where art thou !!!!


View Profile
May 31, 2018, 10:39:28 AM

kingcolex
Legendary
*
Offline Offline

Activity: 1988
Merit: 1213


First 100% Liquid Stablecoin Backed by Gold


View Profile
May 31, 2018, 10:45:14 AM

Oh boy looks like the rally is back and wait was that a mother fucking bear trap yesterday?
micgoossens
Legendary
*
Offline Offline

Activity: 840
Merit: 2724


Taking it back a nodge, VEGETA where art thou !!!!


View Profile
May 31, 2018, 10:48:18 AM
Merited by RayX12 (1)

https://www.xe.com/currencycharts/?from=EUR&to=USD&view=1Y
"Existencial crisis in eu"  Cheesy Cheesy Cheesy
La or koreatown .. yes there is  Grin

Bitcoin is the answer.  
Grab the last few cheap BTC before the next moon rise.


Last of the V8s
Legendary
*
Offline Offline

Activity: 1260
Merit: 2376


Be a bank.


View Profile
May 31, 2018, 10:53:55 AM
Merited by BobLawblaw (2)

Totscha
Hero Member
*****
Offline Offline

Activity: 1183
Merit: 605



View Profile
May 31, 2018, 10:56:54 AM

Oh boy looks like the rally is back and wait was that a mother fucking bear trap yesterday?

Am I missing something? It looks like a bearish trend with 24h of sideways action...

404- rally not found.
micgoossens
Legendary
*
Offline Offline

Activity: 840
Merit: 2724


Taking it back a nodge, VEGETA where art thou !!!!


View Profile
May 31, 2018, 10:59:41 AM

Oh boy looks like the rally is back and wait was that a mother fucking bear trap yesterday?



BitcoinNewbie15
Sr. Member
****
Offline Offline

Activity: 560
Merit: 292

Bitcoin isn't a bubble. It's the pin!


View Profile
May 31, 2018, 11:17:39 AM

Remember the good ol' days when this was the place to find out wtf was happening with the price?



I remember those days. Something I have wondered and I've been meaning to ask, what happened to that wall observer bot? The one that would post the depth chart every few hours? It appears to be gone completely.
pacman7331
Member
**
Offline Offline

Activity: 491
Merit: 66


View Profile
May 31, 2018, 11:18:52 AM

don't go to 7800 before I get paid  Tongue
Last of the V8s
Legendary
*
Offline Offline

Activity: 1260
Merit: 2376


Be a bank.


View Profile
May 31, 2018, 11:20:47 AM
Last edit: May 31, 2018, 11:38:16 AM by Last of the V8s

For the market to grow like we all hope it will, regular people are going to have to come in droves.

No, this is wrong. Current fiat (or any asset) wealth is not distributed evenly across the population, in fact it is well-documented and heralded as being increasingly concentrated in fewer and fewer hands. By this reason alone, relatively very few have to come to bitcoin to replace fiat as the dominant wealth storage and measurement mechanism.

This. +21million merits

Bitcoin is a capital project, for capitalists, except honest ones now. This brooks no more socialism, no more democratic blitherings about fairness and equality.
If you don't understand or don't get it, I have plenty of time to explain it to you, sorry.

Torque
Legendary
*
Offline Offline

Activity: 1946
Merit: 1518



View Profile
May 31, 2018, 11:36:45 AM
Last edit: May 31, 2018, 11:51:16 AM by Torque

For the market to grow like we all hope it will, regular people are going to have to come in droves.

No, this is wrong. Current fiat (or any asset) wealth is not distributed evenly across the population, in fact it is well-documented and heralded as being increasingly concentrated in fewer and fewer hands. By this reason alone, relatively very few have to come to bitcoin to replace fiat as the dominant wealth storage and measurement mechanism.


This is true. As Bitcoin continues to live on though, it will be the younger, newer generations of Average Joe that takes a chance with Bitcoin. They come into the working world with more disdain for the existing financial structure, less debt (except student loans), less skepticism of Bitcoin, less to lose and everything to gain.

Grandma and Grandpa ain't coming in droves, sorry. Grandma and Grandpa can't even afford to buy Precious Metals anymore, much less Bitcoin. Plus the MSM has mindfucked them to believe that Bitcoin is a scam.
realr0ach
Sr. Member
****
Offline Offline

Activity: 798
Merit: 302


#TheGoyimKnow


View Profile
May 31, 2018, 11:57:20 AM
Last edit: May 31, 2018, 12:10:09 PM by realr0ach

Monero will be at "100%" in May 2022 after which a 0,87% tail emission commences indefinitely. Slightly better than gold and better than Dogecoin

AHAHAHA

Yes, because as we all know, once a PoW coin's block reward reaches zero, the tooth fairy casts a spell on it to turn it into "better than gold".  That's why there is not a single dead PoW altcoin so far and only 2000 new forms of gold!!!

...just kidding, all PoW coins function as Ponzi schemes in practice because the block reward subsidizes transaction fees and once it ceases, people all simply switch over to a different chain that still has a block reward running in order to keep the subsidy and not pay $500 per transaction.

Sorry had to quote this one. This proves that you're an idiot r0ach, as no miners are going to switch over to a dead coin that no one is buying or transacting with. So you think that zombie coins buy themselves now?

Your comment makes zero sense.  Go back to the drawing board; you have it completely backwards.  A PoW coin with no block reward subsidy IS A DEAD coin because transactions are no longer subsidized and lower overhead alternatives then mop the floor with it either in the form of:

A)  A different PoW coin with block subsidy still running

or

B)  Some other consensus algo with less overhead like proof of shit

Normally PoS wouldn't be able to win if PoW actually worked as advertised, but it doesn't.  It's just centralized vs centralized.  Also, you nooblords in this thread don't seem to understand adversarial mining works better the lower the block reward goes, which probably also blows up PoW in the end.  

So the real endgame is that PoW is not sustainable because there is no valid Schelling point to force everyone to use the same PoW chain, and even though PoW is designed to completely centralize, it manages to fool enough uneducated people for the time being to not go to zero.  But proof of stake is a more obvious interest-based, slumlord usury scam, and probably wouldn't tread water for long should there be an exodus from PoW.

There is no future in any of this garbage and silver and gold will destroy them in the end because they're all centralized with no fundamentals.  The only real application for cryptocurrency is federated chains, but nobody would want to use that as a store of wealth over physical metals.  Take a wild guess who does want to use federated chains, though?  The govt to enslave you.
sirazimuth
Legendary
*
Offline Offline

Activity: 1694
Merit: 1162


born once atheist


View Profile
May 31, 2018, 12:02:59 PM

I wonder if they accept bitcoin?....

https://www.marketwatch.com/story/hospital-launches-rehab-clinic-to-treat-cryptocurrency-addiction-2018-05-29
Torque
Legendary
*
Offline Offline

Activity: 1946
Merit: 1518



View Profile
May 31, 2018, 12:17:32 PM


Fucking MSM, such targeting and FUD.

So where are all the clinics treating the penny stock trading addiction all these past couple of decades?

SMH
Pages: « 1 ... 20463 20464 20465 20466 20467 20468 20469 20470 20471 20472 20473 20474 20475 20476 20477 20478 20479 20480 20481 20482 20483 20484 20485 20486 20487 20488 20489 20490 20491 20492 20493 20494 20495 20496 20497 20498 20499 20500 20501 20502 20503 20504 20505 20506 20507 20508 20509 20510 20511 20512 [20513] 20514 20515 20516 20517 20518 20519 20520 20521 20522 20523 20524 20525 20526 20527 20528 20529 20530 20531 20532 20533 20534 20535 20536 20537 20538 20539 20540 20541 20542 20543 20544 20545 20546 20547 20548 20549 20550 20551 20552 20553 20554 20555 20556 20557 20558 20559 20560 20561 20562 20563 ... 25253 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!