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

[El duderino_]

Our Bitcoin, who art in blockchain,
 hallowed be thy Name,
 thy ATH come,
 thy Lightning be done,
 on exchanges as it is in github.

 Give us this day our daily 1% rise.
 And forgive us bying shitcoins,
 as we forgive those
 who are trolling on WO.

 And lead us not into trading,
 but learn us to HODL.

 For thine is the blockchain,
 and the Segwit, and the Lightning,
 for ever and ever. Amen.

[Globb0]

Might be 10+ years until 1 bitcoin is worth for example 1 million USD.

by then that should about buy dinner for 2

not the tip though

With inflation $1,000,000 will be downgraded in what it can get you but I’d imagine still a pretty nice house in most parts of the Western World (excluding London & NYC / major cities etc)

I was looking at our new office last week (London). I was told the top floor flat in the next building had just sold for 22 Mil.

[LFC_Bitcoin]

Might be 10+ years until 1 bitcoin is worth for example 1 million USD.

by then that should about buy dinner for 2

not the tip though

With inflation $1,000,000 will be downgraded in what it can get you but I’d imagine still a pretty nice house in most parts of the Western World (excluding London & NYC / major cities etc)

I was looking at our new office last week (London). I was told the top floor flat in the next building had just sold for 22 Mil.

You could buy a 10 bedroom house with about 15 acres of land for that where I live (further north in the UK)

[Last of the V8s]

[BTCHadzija]

7 of the past 8 mondays have been red, so this was kind of expected


also, since the beginning of the year, the 6th in every month alternated between the highest and lowest price point for that period - so we might see a continuation going on for another 2 days.

We'll see, stay cautious traders

[ivomm]

I am astonished by the stubbornnes of Jihan Wu. Yesterday he and his sockpuppets pumped bcash 10% with the hope for better mining rewards. For several hours they got it, but after a small percentages of miners switched to bcash, the difficulty rose and again their reward is equal to that of mining Bitcoin. How many attempts he needs, to understand that if Bitcoin is not rising there is NO way bcash should be more profitable. In 1.5 days is the next Bitcoin mining adjustment. A new 12% increase in difficulty is expected (https://diff.cryptothis.com/), which means more than 0.6$ loss for an s9 (daily revenue dropping from 6.2 to 5.6$ at the current price). With that pace in 2-3 monts the revenue will drop to 2-3$, not to mention the expenses for electricity and rent, which vary from 1.7$ and 4$. I've been through this situation many times mining eth, zec, etc. Each period, when the mining profit drops to cents, is followed by a period of an extreme increase of the price. The explanation is clear - the miners enter a hibernation state of holding (i.e. not selling everything they mine with a currently small profit). If the rigs are on a loss, they just stop them untill the next increase. Conclusion: The so called 'bear' period is at its end. I expect 2x-4x increase of the price in the coming 6 months/1 year.

[gentlemand]

You could buy a 10 bedroom house with about 15 acres of land for that where I live (further north in the UK)

It would be literally impossible to find a house that expensive up north. You'd have to build it yourself and buy it off yourself.

[Torque]

Blargh. Looks like Bitcorn is getting a case of the Mondays...

a case of the mondays ??

Relevant "Office Space" scenes.

https://www.youtube.com/watch?v=2AB9zPfXqQQ
https://www.youtube.com/watch?v=guv5LUT1AFw

I wish someone would meme this video with the BCash symbol superimposed over the printer. 

https://www.youtube.com/watch?v=N9wsjroVlu8

[vroom]

Blargh. Looks like Bitcorn is getting a case of the Mondays...

a case of the mondays ??

Relevant "Office Space" scenes.

https://www.youtube.com/watch?v=2AB9zPfXqQQ
https://www.youtube.com/watch?v=guv5LUT1AFw

I wish someone would meme this video with the BCash symbol superimposed over the printer. 

https://www.youtube.com/watch?v=N9wsjroVlu8

oh come on. bcash is bad but it's nothing compared to printers. printers are the ultimate evil.

[infofront]

Overdue poll reset. Looks like the trolls, nazis, anarchists, big blockers, and beartards won.  

[sirazimuth]

Great story from a great mag
Apologies if it already has been posted (week old)

https://www.wired.com/story/wired-lost-bitcoin/?mbid=BottomRelatedStories_Sections_5

[klondike_bar]

I am astonished by the stubbornnes of Jihan Wu. Yesterday he and his sockpuppets pumped bcash 10% with the hope for better mining rewards. For several hours they got it, but after a small percentages of miners switched to bcash, the difficulty rose and again their reward is equal to that of mining Bitcoin. How many attempts he needs, to understand that if Bitcoin is not rising there is NO way bcash should be more profitable. In 1.5 days is the next Bitcoin mining adjustment. A new 12% increase in difficulty is expected (https://diff.cryptothis.com/), which means more than 0.6$ loss for an s9 (daily revenue dropping from 6.2 to 5.6$ at the current price). With that pace in 2-3 monts the revenue will drop to 2-3$, not to mention the expenses for electricity and rent, which vary from 1.7$ and 4$. I've been through this situation many times mining eth, zec, etc. Each period, when the mining profit drops to cents, is followed by a period of an extreme increase of the price. The explanation is clear - the miners enter a hibernation state of holding (i.e. not selling everything they mine with a currently small profit). If the rigs are on a loss, they just stop them untill the next increase. Conclusion: The so called 'bear' period is at its end. I expect 2x-4x increase of the price in the coming 6 months/1 year.

I think you underestimate him; in terms of both his contribution to bitcoin and his actual understanding of the consensus mechanisms/mining.

but cool you made a meme

[Torque]

[Elwar]

During this slow period in bitcoin's price, it is time to move forward again.

So sayeth the Antanopolis.

https://www.youtube.com/watch?v=6xIq0FdmsIA

[Cassius]

I do like Hayek's approach. Particularly apt since it looks like Sunday's once-in-a-lifetime opportunity for monetary reform in Switzerland will be voted down.

[Hueristic]

I remember one example where jews wanted to leave, but the country wanted then to stay. Ended with U.S. sanctions against the country.

Do you have a link?

https://en.m.wikipedia.org/wiki/Refusenik
Check out the picture...

What? They built a Wall to stop ANYONE from leaving, that wasn't specifically targeted at Jews. Eastern Bloc under Stalin was one mass Political Purge as well. He was an equal opportunity piece of shit.

In addition to the Jews, broader categories included:

    Other ethnicities, such as Volga Germans attempting to leave for Germany, Armenians wanting to join their diaspora, and Greeks forcibly removed by Stalin from Crimea and other southern lands to Siberia.
    Members of persecuted religious groups, such as the Ukrainian Greek-Catholic Church, Baptists and other Protestant groups, Russian Mennonites, and Jehovah's Witnesses.

A typical pretext to deny emigration was the real or the alleged association with state secrets..

That is directly from your link.

https://bitcointopia.org/

Capital of United States Of Bitcoin

Bitcointopia is the capital of a newly formed nation run by Bitcoin appropriations, Blockchain voting & BIP based laws, formed by Articles Of Incorporation, Declaration Of Independence, UN Law & the Treason Act 1949

Hmmm, same number.

Petscoin - About | Facebook
https://www.facebook.com › Places › San Diego, California › Pet Store › Petscoin
Call (619) 721-3384. HOURS. clock. Always Open. BUSINESS INFO. Founded in 2014. ADDITIONAL CONTACT INFO. contact@petscoin.com. http://www.

[LFC_Bitcoin]

During this slow period in bitcoin's price, it is time to move forward again.

So sayeth the Antanopolis.

https://www.youtube.com/watch?v=6xIq0FdmsIA

These periods of stability & non volatile times always make me happy. It’s nearly always the calm before the storm. People will be accumulating coins steadily, I predict we’ll enter a bullish period by mid August.

[Arching_wild]

White paper vs release

[BitcoinNewbie15]

Today may be a bit bloody but I'm kind of expecting a spike to bring it back to $7600.

I'm thinking today is going to get a bit more bloodier. Tomorrow, all of the blood could form some sort of a bath. A bloodbath if you will.

Jokes aside I think we will see $7,300 today, and maybe the bears will battle the bulls at $7000 tomorrow... I think the bears will win though.

[Last of the V8s]

https://bitcointopia.org/

Capital of United States Of Bitcoin

Bitcointopia is the capital of a newly formed nation run by Bitcoin appropriations, Blockchain voting & BIP based laws, formed by Articles Of Incorporation, Declaration Of Independence, UN Law & the Treason Act 1949

Hmmm, same number.

Petscoin - About | Facebook
https://www.facebook.com › Places › San Diego, California › Pet Store › Petscoin
Call (619) 721-3384. HOURS. clock. Always Open. BUSINESS INFO. Founded in 2014. ADDITIONAL CONTACT INFO. contact@petscoin.com. http://www.

v nice find. totally fishy