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

[jojo69]

Before difficulty adjusts, time passes. If fast enough drop in hashing occurs, instead of adjusting, tx would have difficulty being mined (for a significant time period).
By the time you could use your laptop again the value would be in the single $, presumably.

We've never had to endure a mining bear market. Repeated drops in difficulty would be painful.

please god

let it happen in the winter time

[1714188483]

1714188483

[1714188483]

1714188483

[jbreher]

PS the miners were never intended on being a separate group from the users.

“The design supports letting users just be users.  The more burden it is to run a node, the fewer nodes there will be.  Those few nodes will be big server farms.  The rest will be client nodes that only do transactions and don’t generate.”
     - sn

Satoshi didn’t foresee ASICs. 

“At first, most users would run network nodes, but as the network grows beyond a certain point, it would be left more and more to specialists with server farms of specialized hardware.”
    - sn

[Rosewater Foundation]

Is this too subtle?

[yefi]

Before difficulty adjusts, time passes. If fast enough drop in hashing occurs, instead of adjusting, tx would have difficulty being mined (for a significant time period).
By the time you could use your laptop again the value would be in the single $, presumably.

We've already had two halvenings, a hardfork with bcash and 80-90% drops in price and this "heat death" scenario has never materialised.

[V1lpu]

[Biodom]

Before difficulty adjusts, time passes. If fast enough drop in hashing occurs, instead of adjusting, tx would have difficulty being mined (for a significant time period).
By the time you could use your laptop again the value would be in the single $, presumably.

We've already had two halvenings, a hardfork with bcash and 80-90% drops in price and this "heat death" scenario has never materialised.

Perhaps, and I hope so (that it stays this way);
I was just pointing out to two groups of posters (pure hodlers and pretty picture TA guys) that there is a price sensitive component (mining) that, in my opinion, is being stressed right now. My suggestion is to buy more btc if you want your btc to persevere.
Simple HODLing won't work.

[Searing]

yeah...what I figure..took 1/2 of my BTC and Crypto and 1/2 of my traditional stocks etc and IF I manage

to continue to stay out of debt (and house is paid) I can slide by on my usual 35K salary I had before I retired

in Jan 2018 (3 years early) and same with alts and such till at least 65 years and have another small work IRA

to get me thru that last year to full retire at 66 years, and keep my BTC and maybe some alts in the process.

Also at 65 you can take medicade thus that is another 14k saved a year too boot...

so i can slide...thru what I see as a complete sh*tstorm in the next 3-5 years

so pay off your j.c. penny card, get new tires, neuter the cat, get some debt down ANYTHING before this

all happens...so at least if it does go kaput with a nice deep 40% correction you can say at least i did xxxy

of course I hope that if such happens BTC and crypto would act as a store of value and go sideways or up

in value while stocks etc dumped

but the above is 1/2 of all my crap gone..stay out of debt ... and still float is the goal

hopefully, I'm wrong and all will be just dandy crypto and otherwise...(but not seeing it)

later

brad

[Rosewater Foundation]

With Wall Street in like Flynn I don't imagine we'll be the safe haven everyone imagines we'll be. We're pegged to the mainstream now, like it or lump it.

Of course, macroeconomics isn't really one of my strengths. I'm more an ideas man.

[Anon136]

Everything bubble Everything except gold and silver bubble . That's why I still like them so much as an asset. The price action has obviously been abysmal in those market, but like I said a few posts back, price doesn't interest me that much (well you know except when other factors motivate me to sell at which time I hope the price happens to be high).

[Rosewater Foundation]

silver

Um. Yeah, about that.

[Rosewater Foundation]

BlackRock begins exploration of bitcoin
https://www.fnlondon.com/articles/blackrock-begins-exploration-of-bitcoin-20180716

BlackRock has set up a working group to investigate ways the world’s largest asset manager can take advantage of the fast-growing cryptocurrency market despite its chief executive lambasting the bitcoin sector.

quite

[Hueristic]

https://www.zerohedge.com/news/2018-07-14/bitcoiners-slam-calls-crypto-crackdown-after-latest-russia-probe-indictments

Rod Rosenstain corrupt    idiot

It was a -vich hunt all along.

SHUM

lol

nobody is going to stop mining

fool me once...shame on...shame on you...fool me, can't get fooled again

https://www.youtube.com/watch?v=zYMD_W_r3Fg



HEY, Just noticed I'm not alone anymore.

Code:

$7,500-$8,000 	- 9 (9.3%)

[sirazimuth]

Imagine if some bitcoiner fell into a coma right after
it cracked 5k last year and just now woke up.
he'd be like...
$6300.. wow! bitcoin up over a $grand in less than a year!!!, wooo-hooo!!!

[bitserve]

Imagine if some bitcoiner fell into a coma right after
it cracked 5k last year and just now woke up.
he'd be like...
$6300.. wow! bitcoin up over a $grand in less than a year!!! wooo-hooo!!!

Nonsense. If I ever fall into coma and wake back I would be fully expecting Bitcoin to be well over $100K. Otherwise I would be very disappointed and just fall into coma again until the next halving.

... Yes, I am such a deluded fool.

And I am getting a bit annoyed considering there are only few months left before we can't use the "less than a year ago" price reference anymore and we are forced to resort to longer time frames for positive result.

[HairyMaclairy]

Imagine if some bitcoiner fell into a coma right after
it cracked 5k last year and just now woke up.
he'd be like...
$6300.. wow! bitcoin up over a $grand in less than a year!!! wooo-hooo!!!

We were sitting in the $1800 - $2500 range in July 2017.  

[infofront]

I was looking at one of MasterLuc's graphs from last August. His calls were about 4-5 months too early, but he was reasonably close.

[Rosewater Foundation]

Hodling all the way down was the functional equivalent of falling into a 6 months coma. Waking up to that has been terrible.

[mymenace]

Finalise whales, buy alts on way down

Trezor Legacy address complete implementation x 6

Exchange diversity increase, mix cryptopia/wex/bittrex

Asset exchange strategy to implement btc/gold btc/silver btc/tax btc/utilities btc/real estate

Monitor TA and FA for the event


In the end everyone will lose something
Hits from everywhere


Diversity is the only success


FYI coinking

[Rosewater Foundation]

I am a pretty princess
covered in mud and blood
water with stuff in it
like everything else that wiggles or jiggles
came into the world naked, wet and screaming

Excellent aside. Really makes you think, doesn't it?

[jojo69]

...get new tires...

did that

one of the very few extravagances I allowed myself last fall, was getting pretty tired of the mismatched Mexican-used-tire-shop specials I was running