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

[JimboToronto]

How are the teeth, Jimbo?

Still waiting.

Got my full extractions and reconstructive bone surgery (double sinus lifts and 10 bone grafts) in March.

Next step is 16 titanium implants on November 10. Then after another healing time of at least 12 months, I'll get my actual zirconia teeth sometime next spring.

Some things, just like Bitcoin investments, are worth waiting for to do it right.

[1714173715]

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[JayJuanGee]

https://www.youtube.com/watch?v=hJ07sM5w_Dk
My Story of Being Tortured in Prison. Roger Ver, CEO of Bitcoin.com
This is a brief story of what happened while I was in prison. I have more stories to share, if you enjoy this type of content.

Shocking.

Can't a few hundred millions afford a place (or hotel or whatever) with less horrible curtains? Really shocking.

P.S.: Interesting story though.

I will admit that Roger is a decent story teller; however, he does not really seem to understand the concept of "torture." 

On the other hand, even if he can show that he has various human characteristics and he is empathetic, a lot of this can end up being a distraction (and an appeal to emotion) that takes us away from considering the narcissism that seems to motivate his ongoing involvement in bcash and using bcash as an ongoing attack on bitcoin and deceiving other people (especially dumb people and newbies.. and probably even traps some smarter people into such deceptions in their hopes that bcash will pump relative to bitcoin if they realize the difference) into believing that bcash is some kind of "bitcoin"

[JayJuanGee]

BIS chief to crypto coders: 'Stop Trying to Create Money' 

https://www.coindesk.com/bis-chief-says-stop-trying-to-create-money-in-new-crypto-critique/

Someone let him know that his comment is late. Bitcoin was created nearly a decade ago.

And also someone let him know that Weight Watchers is a thing.

Is he talking about bitcoin?

Does not seem like it.  Seems as if he is referring to various ICO and alt coin scams, when he is mentioning the printing of money out of nothing... Any of us informed about bitcoin, realize that bitcoin does not do that.  aka proof of work that is real... hahahahaha

[Globb0]

https://www.youtube.com/watch?v=hJ07sM5w_Dk
My Story of Being Tortured in Prison. Roger Ver, CEO of Bitcoin.com
This is a brief story of what happened while I was in prison. I have more stories to share, if you enjoy this type of content.

Shocking.

Can't a few hundred millions afford a place (or hotel or whatever) with less horrible curtains? Really shocking.

P.S.: Interesting story though.

I will admit that Roger is a decent story teller; however, he does not really seem to understand the concept of "torture." 

On the other hand, even if he can show that he has various human characteristics and he is empathetic, a lot of this can end up being a distraction (and an appeal to emotion) that takes us away from considering the narcissism that seems to motivate his ongoing involvement in bcash and using bcash as an ongoing attack on bitcoin and deceiving other people (especially dumb people and newbies.. and probably even traps some smarter people into such deceptions in their hopes that bcash will pump relative to bitcoin if they realize the difference) into believing that bcash is some kind of "bitcoin"

Starts off "I am roger ver CEO of bitcoin.com"  do websites have CEO's?  or is he pretending to be important in bitcoin.

Lost my sympathy closed window minutes later, f off loser liar

[sirazimuth]

bitcoin? Get the phuck outta here!!!
This is World Cup talk!!!
Oh wait , wrong tab....my bad....

[JayJuanGee]

Apparent, there is at least one error in the guidance of the chart.

In essence, if you are attempting to accumulate bitcoin or to live for a few years before you need all your bitcoin, it is not a good idea to ever "sell all"  your bitcoin.

On the other hand, taking a "high stake," such as selling up to 50% of your bitcoin could be prudent, from time to time, while you perceive yourself in a bitcoin accumulation state.  

Personally, I don't see any need to sell, even 50%, so maybe at some point, I might sell 20%, and we will see how it plays out.

If you are in a shorter time horizon, and you are o.k. with cashing out some of your principle, then it does not hurt to employ a more aggressive regular cashing out strategy... yet no matter your approach, gambling with your bitcoins does not seem to be a very prudent way to treat the matter, whether accumulating, maintaining or liquidating.

We.are.not.fucking.selling.

A more concise version of what I was trying to say.  

This just in: noob arrives, looks back on the last Bitcoin boom/bust cycle. Totally oblivious to the four preceding fractal cycles, declares doom - counsels all to GTFO.

buh-bye, noob. So sorry you won't be joining us at the dinner table.

An even better observation. 

[mike4001]

Bitcoin difficulty is again expected to rise by 12% in about a week. - https://fork.lol/pow/retarget

Are miners still making profit?

The break even point must almost be exceeded ...

[vroom]

ok I call it. $6800 in the next 2 hours

[JayJuanGee]

https://www.youtube.com/watch?v=hJ07sM5w_Dk
My Story of Being Tortured in Prison. Roger Ver, CEO of Bitcoin.com
This is a brief story of what happened while I was in prison. I have more stories to share, if you enjoy this type of content.

Shocking.

Can't a few hundred millions afford a place (or hotel or whatever) with less horrible curtains? Really shocking.

P.S.: Interesting story though.

I will admit that Roger is a decent story teller; however, he does not really seem to understand the concept of "torture." 

On the other hand, even if he can show that he has various human characteristics and he is empathetic, a lot of this can end up being a distraction (and an appeal to emotion) that takes us away from considering the narcissism that seems to motivate his ongoing involvement in bcash and using bcash as an ongoing attack on bitcoin and deceiving other people (especially dumb people and newbies.. and probably even traps some smarter people into such deceptions in their hopes that bcash will pump relative to bitcoin if they realize the difference) into believing that bcash is some kind of "bitcoin"

Starts off "I am roger ver CEO of bitcoin.com"  do websites have CEO's?  or is he pretending to be important in bitcoin.

Lost my sympathy closed window minutes later, f off loser liar

Well, from what I understand, he owns the domain name of bitcoin.com, and he has done quite a bit of marketing around that website, including paying people to write articles.  There is a bit of a strange overlap with his supposed concept of wanting decentralization, but wanting to have veto power, too... so ironies that ultimately seem to add up to a kind of self-centered and deluded narcissism.. and seeming to have enough money to accomplish a considerable amount of deception in the space.

He seems to have had generated a lot of good will in the early years of bitcoin, and being dubbed as "Bitcoin Jesus" has given him a lot of credibility in the space too.... For the informed folks in bitcoin, there is a decent realization that he has squandered away a lot of the good will, and really has inspired a considerable amount of hatred because of his ongoing deceptive behaviors.   Admittedly he has an ability to come off as way more likable than someone like Craig Wright, even though both of them fit into a similar degree of deluded self-absorption.

[bones261]

Bitcoin difficulty is again expected to rise by 12% in about a week. - https://fork.lol/pow/retarget

Are miners still making profit?

The break even point must almost be exceeded ...

Yes, currently as long as your electricity costs less than ~0.13USD per KWH, you can still get a slim profit profit on the Antminer S9i. After a 12% increase in difficulty, you will need to pay less than ~0.11USD/KWH to get any profit. I'm not sure what the stats are for the other miners available to the general market.

[kurious]

Pfffffffffffffff

Well done mate - you just knocked Brazil out of the World Cup!!!!

Now please beat France?

Then, (I hope) we will see you in the final....

We have Sweden tomorrow, then Croatia or a very politically interesting and delicious draw against Russia!?  And we're there, too.  

But Belgium are the ones to beat now.  Belgium are on fire.

[JayJuanGee]

Bitcoin difficulty is again expected to rise by 12% in about a week. - https://fork.lol/pow/retarget

Are miners still making profit?

The break even point must almost be exceeded ...

What are you trying to say, exactly?

I understand that I should not be egging on a beartard (PM pumper) to explain, but perhaps there is an outside chance that you have something substantially meaningful to say?

By the way, you understand that mining profitability remains considerably variable, and there is considerable speculation in mining too, so some miners are going to be ready, willing and able to operate at a loss for a considerable amount of time.. in other words there time horizons regarding profitability can be quite drug out.

Furthermore, you understand that there can be gamesmanship with mining too, especially if there could be opportunities that the directing of mining can be used as a means to pump the bcash attack vector, and the calculations regarding timing of attacks might be short windows and momentum based, too.

[mike4001]

Bitcoin difficulty is again expected to rise by 12% in about a week. - https://fork.lol/pow/retarget

Are miners still making profit?

The break even point must almost be exceeded ...

What are you trying to say, exactly?

I understand that I should not be egging on a beartard (PM pumper) to explain, but perhaps there is an outside chance that you have something substantially meaningful to say?

By the way, you understand that mining profitability remains considerably variable, and there is considerable speculation in mining too, so some miners are going to be ready, willing and able to operate at a loss for a considerable amount of time.. in other words there time horizons regarding profitability can be quite drug out.

Furthermore, you understand that there can be gamesmanship with mining too, especially if there could be opportunities that the directing of mining can be used as a means to pump the bcash attack vector, and the calculations regarding timing of attacks might be short windows and momentum based, too.

What I am trying to say is that miners will not mine unless they are profitable.

So either they will switch off some miners so the hashrate goes down (which I see as unlikely)

Or the price will follow the increasing hashrate (e.g. miners stop selling their BTC for a period of time to reduce BTC supply on the market) which should result in a higher BTC price.

I just find it an interesting topic :-)

[mymenace]

Bitcoin difficulty is again expected to rise by 12% in about a week. - https://fork.lol/pow/retarget

Are miners still making profit?

The break even point must almost be exceeded ...

What are you trying to say, exactly?

I understand that I should not be egging on a beartard (PM pumper) to explain, but perhaps there is an outside chance that you have something substantially meaningful to say?

By the way, you understand that mining profitability remains considerably variable, and there is considerable speculation in mining too, so some miners are going to be ready, willing and able to operate at a loss for a considerable amount of time.. in other words there time horizons regarding profitability can be quite drug out.

Furthermore, you understand that there can be gamesmanship with mining too, especially if there could be opportunities that the directing of mining can be used as a means to pump the bcash attack vector, and the calculations regarding timing of attacks might be short windows and momentum based, too.

What I am trying to say is that miners will not mine unless they are profitable.

So either they will switch off some miners so the hashrate goes down (which I see as unlikely)

Or the price will follow the increasing hashrate (e.g. miners stop selling their BTC for a period of time to reduce BTC supply on the market) which should result in a higher BTC price.

I just find it an interesting topic :-)

Always interesting, cheers
Is a mixed bag those miners, what makes the blockchain outstanding
Depending on risk management and planning strategies, each miners profit and loss would be determined
So as for the miners turning of their machines they did not think ahead too well, but if remain mining at a loss can profit in the years to come usually

As you said interesting to note if the hash rate or the price is affected

[bones261]

Bitcoin difficulty is again expected to rise by 12% in about a week. - https://fork.lol/pow/retarget

Are miners still making profit?

The break even point must almost be exceeded ...

What are you trying to say, exactly?

I understand that I should not be egging on a beartard (PM pumper) to explain, but perhaps there is an outside chance that you have something substantially meaningful to say?

By the way, you understand that mining profitability remains considerably variable, and there is considerable speculation in mining too, so some miners are going to be ready, willing and able to operate at a loss for a considerable amount of time.. in other words there time horizons regarding profitability can be quite drug out.

Furthermore, you understand that there can be gamesmanship with mining too, especially if there could be opportunities that the directing of mining can be used as a means to pump the bcash attack vector, and the calculations regarding timing of attacks might be short windows and momentum based, too.

What I am trying to say is that miners will not mine unless they are profitable.

So either they will switch off some miners so the hashrate goes down (which I see as unlikely)

Or the price will follow the increasing hashrate (e.g. miners stop selling their BTC for a period of time to reduce BTC supply on the market) which should result in a higher BTC price.

I just find it an interesting topic :-)

Unfortunately, the traders making the market don't seem to give a shit about whether the miners are making profit or not. The 12.5 fresh BTC generated every 10 minutes isn't even a dent in the current market, at the moment. However, there is speculation mining. Also, there are quite a few places in the world that pay considerably less in electricity than other places. I am quite certain that Bitmain and probably Bitfury are working hard on developing a more efficient ASIC. I would not be surprised if both companies already have a more efficient ASIC that they are already deploying on their mining farms. Also, Bitmain made at least 2 billion dollars last year. They are certain to have enough of a cushion to get them through the lean times and keep mining at a slim profit or even at a loss to outlast their competition.

[JayJuanGee]

Bitcoin difficulty is again expected to rise by 12% in about a week. - https://fork.lol/pow/retarget

Are miners still making profit?

The break even point must almost be exceeded ...

What are you trying to say, exactly?

I understand that I should not be egging on a beartard (PM pumper) to explain, but perhaps there is an outside chance that you have something substantially meaningful to say?

By the way, you understand that mining profitability remains considerably variable, and there is considerable speculation in mining too, so some miners are going to be ready, willing and able to operate at a loss for a considerable amount of time.. in other words there time horizons regarding profitability can be quite drug out.

Furthermore, you understand that there can be gamesmanship with mining too, especially if there could be opportunities that the directing of mining can be used as a means to pump the bcash attack vector, and the calculations regarding timing of attacks might be short windows and momentum based, too.

What I am trying to say is that miners will not mine unless they are profitable.

So either they will switch off some miners so the hashrate goes down (which I see as unlikely)

Or the price will follow the increasing hashrate (e.g. miners stop selling their BTC for a period of time to reduce BTC supply on the market) which should result in a higher BTC price.

I just find it an interesting topic :-)

Fair enough.  Each of us has our perspective, and as I already mentioned, I don't conclude that any of us can draw very much of a short term BTC price prediction based on one indicator, such as mining, and likely that mining has a longer timeline perspective.  

One thing you can recognize with mining is that the hash rate continues to go up, and such exponential ongoing increasing of hash rate does not seem to be directly correlated to short term BTC price movements.

So, even though I agree with you that miners might engage in strategic behaviors, such as shutting off their mining equipment, there are other miners who are attempting to exploit inefficiencies in other ways, and so the hashrate continues to go up, which seems to show a long term bullishness towards bitcoin prices and security.. and ongoing security that would likely cost quite a bit to actually attack the bitcoin network - even though there may be some of that switching between bcash and bitcoin that serves as a kind of playing around with changes in hashrate and perceptions of changes in bitcoin security and affects prices, too.

Edited above for clarity and style (if one can call it that)

[Anon136]

How are so many people in this thread watching a soccer game? I don't even know a single person in real life who watches soccer, not one.

[bones261]

How are so many people in this thread watching a soccer game? I don't even know a single person in real life who watches soccer, not one.

I don't know anyone either. However, soccer isn't exactly a popular spectator sport in the USA. It appears to be popular almost everywhere else.

[mymenace]

https://www.youtube.com/watch?v=hJ07sM5w_Dk
My Story of Being Tortured in Prison. Roger Ver, CEO of Bitcoin.com
This is a brief story of what happened while I was in prison. I have more stories to share, if you enjoy this type of content.

Shocking.
Can't a few hundred millions afford a place (or hotel or whatever) with less horrible curtains? Really shocking.
P.S.: Interesting story though.

I will admit that Roger is a decent story teller; however, he does not really seem to understand the concept of "torture."  
On the other hand, even if he can show that he has various human characteristics and he is empathetic, a lot of this can end up being a distraction (and an appeal to emotion) that takes us away from considering the narcissism that seems to motivate his ongoing involvement in bcash and using bcash as an ongoing attack on bitcoin and deceiving other people (especially dumb people and newbies.. and probably even traps some smarter people into such deceptions in their hopes that bcash will pump relative to bitcoin if they realize the difference) into believing that bcash is some kind of "bitcoin"

Starts off "I am roger ver CEO of bitcoin.com"  do websites have CEO's?  or is he pretending to be important in bitcoin.
Lost my sympathy closed window minutes later, f off loser liar

I feel sorry for roger, been a lot of pressure on him, unsure if it is self inflicted though.
All I got out of that was
Blah, Federal, Blah, Federal, Federal, Blah Blaaaaahhhhh I was brainwashed its not my fault.

Please stay away from the door knob

Gary Davis
https://youtu.be/hJ07sM5w_Dk?t=90
I call bullshit (Roger Ver - A forum to discuss things on the internet), is that all it was.


Yeah Ok roger just fireworks hey
 I ran for California state assembly in 2000


Memory Dealer
https://bitcointalk.org/index.php?action=profile;u=10310
    
Re: [ANN] Bitcoin Foundation
28-09-2012, 04:52:02

In reality,  I ran for California state assembly in 2000 as a Libertarian / Voluntarist.
I said enough to upset the feds so much that I became the only person in the USA to be prosecuted for selling a legal product
that was also being sold by hundreds of other companies across the USA including http://www.cabelas.com/
http://www.justice.gov/criminal/cybercrime/press-releases/2002/verPlea.htm
There is no freedom of speech.
This is why the world needs Bitcoin, and this is why I support bitcoinfoundation.org

[LFC_Bitcoin]

How are so many people in this thread watching a soccer game? I don't even know a single person in real life who watches soccer, not one.

It’s the most popular sport in the world.

FACT.