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

[TERA2]

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.

This fantasy world where mining still has any significant impact on prices...

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[infofront]

Bitcoin, Futures, and the Ghost of Gold A forecast for bitcoin if it follows the post-futures cycle of gold.

[OWZ1337]

https://gitlab.com/bitcoin

 

/\BTC∇ ===> exodus to gitlab!!


https://www.wsj.com/articles/microsofts-github-deal-is-a-clean-break-from-its-past-1528139079

[infofront]

LINUX TOVALDIS MUST BE ROLDING IN HIS GRAVY!

[realr0ach]

"They came for the price. Make them stay for the principles."

I.e., help educate them.

In my country we have problem, and that problem is the Torque.  He put all your money in bitcoin, and then it goes to zero.

[Syke]

I've been using BitBucket, but GitLab looks promising too.

[infofront]

I think the Microsoft github angst is overblown.

[aaroque2003]

I think the Microsoft github angst is overblown.

I'm much more cynical. I've seen what happens when smaller left-coast companies get bought up by bigger left-coast fish, and shit turns retarded real fast (within two years).

Fuck... I retired early because I just couldn't fucking stand it anymore...

INDEED... so sad to see that happens... wow... 

[jojo69]

back to TortoiseSVN I guess

fuck the cloud anyway

[savetherainforest]

Any chance to get link for high res of this image?
would like to print it for my cousin 10 years old who just learning how to trade bitcoin
thanks

[realr0ach]

https://archive.is/d8OIC text of The Bitcoin Standard by Saifedean Ammous @saifedean

This book is a very good read (scan is minus charts and links.) First half is devoted to the history of money and some economic theory, e.g. explains why silver will never be a good investment

Dumbest thing I've ever heard and of course it's quoted by serial liar/Trilemma shill Last of the v8s.  Let me explain to you scamming children for the 500th time before you try to scam someone else.  Transaction validators in all craptocurrencies are designed to completely centralize, therefore their fundamentals are zero.  You scamming, lying children then go onto claim something with no fundamentals at all is supposedly better than the only form of sound money that exists on the planet - physical commodity currency.

Now that we've gotten it out of the way that shitcoins do not have any fundamentals whatsoever besides people attempting to perform regulatory arbitrage - which is only a temporary phenomenon that will be clamped down upon by govt because it's extremely easy to do so when transaction validators are designed to centralize - we can discuss the next problem with your scam.  

In fights such as Betamax vs VHS, the better product actually lost.  So even if you pretend shitcoins have the best fundamentals (they don't - they have zero fundamentals), it doesn't even mean they would win.  Shitcoins are nothing but greater fool pump and dumps, and if you cannot con the rest of the planet into buying your scam, you're shit out of luck.  And you're not going to succeed because the 'bitcoin as a virus model' is true.  The majority of the planet is simply immune to Andreas Antonopolous lies and will always refuse them.  You cannot infect (scam) them.

As for actual real money, physical commodity money - the only real type of money that exists - I do not need to create propaganda to prevent it's value from collapsing to zero like shitcoiners do.  With physical commodity currency like silver you can hoard it and demand ransom in order to release it, and people will pay it, because they need it and have no choice.  For shitcoins on the other hand, you can hoard every single one of those useless, imaginary, 21 million tokens and I get to completely ignore you and don't even have to acknowledge you exist.  That's economic facts, unlike your fake "economic theory".

[savetherainforest]

Did I win?

I see some noobs are good at drawing...

[realr0ach]

I think the Microsoft github angst is overblown.

I'm much more cynical. I've seen what happens when smaller left-coast companies get bought up by bigger left-coast fish, and shit turns retarded real fast (within two years).

Fuck... I retired early because I just couldn't fucking stand it anymore...

Black bob - 1
Infofront  - 0

Argument mediated by The Daily Stormer:

https://dailystormer.name/microsoft-just-bought-github/

[marcus_of_augustus]

Do the Bartman ?      This cartoon 'kid' is like 30 years old by now

Seriously what does this formation relate to, the transition from west/europe over to Asia and back again ?   Reminds me of a phase change on a transformer or something.

A trader told me BCH is bullish medium term apparently, set to do well.  I thought that was mostly previous due to the fork and speculation on that, any reason for more demand on it recently?

It's just some big players moving funds around the globe for arbitrage. Think of it like the heart-beat of cross-border financial transactions bitcoin is performing. Buy 1m in HK, Sell in NY, Buy 2mm in Zurich, Sell in Singapore ... etc, etc. Bitcoin is working.

[aaroque2003]

Do the Bartman ?      This cartoon 'kid' is like 30 years old by now

Seriously what does this formation relate to, the transition from west/europe over to Asia and back again ?   Reminds me of a phase change on a transformer or something.

A trader told me BCH is bullish medium term apparently, set to do well.  I thought that was mostly previous due to the fork and speculation on that, any reason for more demand on it recently?

It's just some big players moving funds around the globe for arbitrage. Think of it like the heart-beat of cross-border financial transactions bitcoin is performing. Buy 1m in HK, Sell in NY, Buy 2mm in Zurich, Sell in Singapore ... etc, etc. Bitcoin is working.

The way it has to be and for sure WILL BE... !!.

[BitcoinNewsMagazine]

Silver bugs never respect the lesson the Hunt brothers learned the hard way. If you want to diversify your portfolio buy gold. Silver bullion is a poor store of value and will remain so while gold is not.

[Syke]

My Casascius silver coin is doing quite well.

[JayJuanGee]

I find way more probability that the moon landing and some of that crap about men going to the moon to be a lot less likely to be true than the nonsense that is spouted out about the earth being flat...

Oh       my     fucking      god
you've got to be shitting me dude....

I don't see what is controversial about my statement... which part of my statement is controversial?  

my doubting of the moon landing or my confidence that the earth is not flat?

There is no controversy for either of those things.
Though one is moronic and the other obvious.
If you need to know which is which,I really can’t help you....

Great.  you present your ideaurers about what is possible or probable so clearly, sir.  And, I would rather not communicate in puzzles, anyhow.





Edit below:  Added another response to sirazimuth.

I find way more probability that the moon landing and some of that crap about men going to the moon to be a lot less likely to be true than the nonsense that is spouted out about the earth being flat...

  By the way, a faking of the moon landing is not even close to the same level of flat earth luny beliefs.

make up your mind Jay....

I am not saying anything that is inconsistent, unless you are merely misunderstanding what I am saying, which could be your seeming purposeful attempt to read me out of context.  A desire to pick a fight, rather than attempt to clarify... correct?  

Great.

Edit number 2... add a response to Ibian the fibian

I find way more probability that the moon landing and some of that crap about men going to the moon to be a lot less likely to be true than the nonsense that is spouted out about the earth being flat...

  By the way, a faking of the moon landing is not even close to the same level of flat earth luny beliefs.

make up your mind Jay....

The problem with being a talky man is that there is just so much to remember.

There is no need to remember anything, dumbass.  I just write stream of consciousness... Get real.


Edit # 3 - second response to ibian the fibian.....

Wordy man. You are a coward, and you project your insecurities unto heroes. This is really fucking low, even for you.

I have nearly no idea what you are talking about.  Sounds like you are just making shit up in order to engage in an ad hominem attack rather than referring to any kind of real-life phenomenon.  Furthermore, earlier today, you had some stupid-ass generalization post.. this one #411306 (also attached below for ease of reference) and I decided to ignore your generalization nonsense, because you seem to be kind of off your rocker, and really motivated to stir up shit rather than to really facilitate any meaningfully related bitcoin discussion.  Anyhow, point is that you are a frequenter of such stupid distractions and bigoted generalizations (and seem to be part of your motivation in your above comment, too).

Exhibit A:

Consider why the jews have been kicked out of 300 different areas in the world over the past few thousand years. What is it that makes everyone hate them. I'm sure you have an answer to share with the class, given how silly the whole thing is. There surely must be a simple and entirely rational answer.

At what point do you stop holding the past against an entire people? Is forever your answer?

Do you WANT another holocaust? Because if there is something about jews that makes them objectively detestable and we don't find out what it is, then that is exactly what will happen.

I personally hold no grudges against any people as a whole but from what I have heard the hate towards Jews has something to do with the way they have a double standard when it comes to how they can treat non jews when doing business.

I do not know if this is still true but since all moneymen are leeching thiefs I see no reason to single out one type of people over it.

So they are hypocrites, sort of like chinese?

[JayJuanGee]

[edited out]

Maybe I caused too much confusion because I was attempting to only comment on the logo - while presuming that the ad was just some nonsense attempt to connect McD with some modern blockchain bullshit?  In other words, I felt that it was not worth my mental energies to actually watch the video.  Sorry about the possible confusion fueled by my lack of clicking willpower.    

Its cool to mis-reference and mis-communicate ideas, it is inherently human.

to start dragging people through the mud for what they say or think is childish


You are defined by your actions, actions most people do everyday that are good (hello, don't push in, thank you)


Usual banter to attack someone comes from immature people's inability to discuss all ideas and narratives in a mature way.

And when both parties cannot see the way, always finish by agreeing to dis-agree

I loved your post and went a different idea, all cool

fixed again

I was considering posting this response with a bit more emphasis; however, for now I decided to give some benefit of the doubt regarding your seeming lecture-mode....

In other words, I had no beef with anything that you said or did in your golden arch bun editing, and I was merely commenting here and there, and I had considered your various changes to the image to be quite creative in the communication of a slightly different artistic message.. so the topic seemed to have blown into a bit of a different direction, no?

Kind of like this:

[realr0ach]

Silver bugs never respect the lesson the Hunt brothers learned the hard way. If you want to diversify your portfolio buy gold. Silver is a poor store of value and will remain so while gold is not.

You're a known scammer and liar for years in this thread, so you can stop pretending anyone believes your bullshit.  You think anyone actually forgot you were always one of the main people shilling for Ethereum in this thread?  It's up for debate whether bitcoin is just a failed experiment or not, but it's not up for debate that Ethereum was always a scam from day one, including Goldman Sachs owning most of the premine.

As I said in my last post, one of the main characteristics of a real commodity currency in comparison to useless, valueless shitcoins is that someone can hoard a commodity currency like silver and force the rest of the world to pay ransom to release it because they need it and will be forced to pay the ransom.  Silver has vastly higher use cases than gold while performing identically in monetary functionality.  As opposed to your fake economic theories about shitcoins, the real economic facts means it's easier to extract this ransom using silver than gold; because just like shitcoins, if you hoard all the gold in the world, the rest of the world can still mostly ignore you, but they cannot ignore you if you hoard all the silver.  

Lying scammers from both the traditional Jew banking world and "the bitcoin community" - probably the same thing - always attempt to push the lie that intrinsic value or use case does not matter for money, but it's just a lie to try and push debt based fiat and imaginary shitcoins, when in reality, such traits are vastly important.  Since use cases of silver have increased drastically over the last 50 years, don't be surprised to see silver rival or defeat gold market cap sometime in your life since it performs identically monetarily anyway.