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

[Last of the V8s]

he lives from hand to mouth? only just got his fiat?
think first, jjg, blabber later.

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[1713522536]

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[JayJuanGee]

Looks like a lot of bullshit, and also misleading to equate "power" to miners and mining.  We already learned from the UASF that power in bitcoin (likely also to be true in bcash) is more distributed than just miners being able to dictate outcome, and the most powerful players, overall are the users.. so they can play their little games and try to suggest that miners are all powerful, when they do not have as much power as the misleaders like to propagandize to be the case.

All the UASF did was give the miners motivation to do what the users wanted. If most of the miners decided to ignore it, the UASF would not have gone anywhere. A chain on the Bitcoin Blockchain cannot advance without at least a few miners cooperating. It also testifies to the fact that although some people complain that BTC mining is overly centralized, none of the miners were willing to risk that they would end up being a lone wolf and have their blocks orphaned. It is clear the miners are still in a healthy competition rather than colluding with one another.

Maybe that is part of my point?  You are not going to get 100% of the miners, and even if you get 51%, then what?  Rules are going to change based on 51%?  I don't think so.  In other words, the true resilience of users versus miners has NOT been tested out, yet, and miners did not want to go there.. like you said, which kind of supports my point that incentives are aligned in such a way that the costs of deviating from users may well be way too much for the miners to attempt to test out.

[JayJuanGee]

he lives from hand to mouth? only just got his fiat?
think first, jjg, blabber later.

Look at you V8...

Want to battle over nonsense.  I made my point, and you devolve into largely non-substantive white-knighting baloney talk.    

[Last of the V8s]

fag

[El duderino_]

[HI-TEC99]

Hitbtc has markets for BCH, BCHABC, and BCHSV. How does that work? Why the BCH market when it's forked?

[JayJuanGee]

he lives from hand to mouth? only just got his fiat?
think first, jjg, blabber later.

Look at you V8...

Want to battle over nonsense.  I made my point, and you devolve into largely non-substantive white-knighting baloney talk.    

fag

By the way, since you already responded to me with the above one-word gibber-jabber, I am going to let my earlier post stand, which I also quoted above.  

However, just to remind some folks of actual decent points that shroomskit used to make, over and over (would have been 2014 timeframe.. before his ragequit.. remember "cumrags"... hahahahahaha?  ..  

His thematic response to praising the BTC price to go down whiners was something like: "ok, so you want all of us to wait around for you to buy .1btc, and the whole BTC price to crash, just because you want to add a bit of BTC to your stash."    

Of course, shroomskit used different words and variations in order to make such a seemingly valid point(s).. and your retort, V8, and seeming inclination towards white-knighting does not seem to even come close to considering reality beyond some pent up emotions that you seem to be feeling.  

[realr0ach]

And Micgoosens goes full retard while ignoring the fact there's 1/4th as much above ground physical silver right now as the 1980's.  Where's your supposed "omg too much inflation in metals" charts for that one micgoosens?

[El duderino_]

Gold is getting old ......

I was just timing to see how quick you would respond.... took few seconds or something :p

[JayJuanGee]

Same problem as always.

Long term the price of 5,5k is still VERY good.

But if you bought at the end of last year (or even this year) this does not help you very much ....

Who gives a shit about those people hypothetical people you are describing if they are so dumb to FOMO invest and then take no further action.. and just sit and whine.. whoa is me?

Individuals need to figure out a longer term plan rather than just pumping in a bunch of money and expecting richie in a short period of time thereafter. 

That's part of the secret and part of the taking of personal responsibility over your own investment strategies and actions including how much you invest and when and other related management and maintenance strategies.

We should all be concerned about those types of people, mainly because they will be the ones that will be buying our coins when BTC goes above $100k. So yes, be concerned about more FOMO individuals during the next ATH rise and above. Don't be concerned that they lost money by buying high and selling at a loss, but be there to buy their cheap coins take them off of their weak hands.

Of course, there are some people out there who are begging for their money to be taken from them.  I doubt that phenomenon is going away any time soon.

After a lot of the hoopla.. and even proclamations that bitcoin is mature, we continue to have less than 1% of world adoption of BTC - and likely even if we expand such study into other cryptos, so there surely is a lot of dumb money out there that will engage in a lot of dumb buying and selling actions.

I don't mind being concerned about them in a kind of help them to get better way, but some folks seem to want to get caught up in either protecting such folks or suggesting that they were damaged in some kind of way because of bitcoin's price performance, which is far from the truth especially when referring to market movements that are in the realm of extreme expectations - especially in an early stages market (we are no where near mature), and there is no fraud or anything like that going on in terms of market momentum dynamics.  So peeps who bet wrong, are just gonna have to suffer or perhaps attempt to learn better strategies.

[El duderino_]

Now you say something

I Will go into the HODLcave and call it a night
The misses is there already 

[realr0ach]

As for metals supply, metal supply in practice is just arbing excess energy in the form of mostly diesel petro.  If you've looked at any energy quants lately, you would notice western civilization has peaked in energy output for many years now, and we're also entering thermodynamic collapse of oil extraction from taking all the low hanging fruit first.  Meaning even if you only used 1/2 the world's oil and there's still 1/2 left, it's still possible for the energy cost to extract the rest to be higher than what you'd get from it making it unfeasible and pointless.

In other words, expect continuously shrinking metals production since available energy is decreasing/peaked, while gold and silver grams per ton of earth sifted is shrinking insanely fast at the same time.  I forget the latest timespan, but I think it was something like needing to move twice as many tons of earth to get the same amount of metals in only 8-10 years or so.  And you didn't think metals had halvings.  Metals actually have double halvings because shrinking energy supply is cumulative with shrinking quantity per ton of earth.

[JayJuanGee]

https://m.youtube.com/watch?v=YmnjWpSrzzE

meh this holland guy also suggest 4.8-4.9K  "podyx thought about 30-ish pages back"   didn't remember jjg reaction on 4.8 ( already been damn close to there"

if its been asked to me.... i would say this is a nice bottom we have right here BUT F*** i don't count for that so just keep cruising on the waves and following the narratives of my little friend BTC, just time to grow again

let me enter my HODLcave in piece its not that long anymore before i go there

I find it hard to keep track too, and certain BTC price moves (such as breaking our previous $5,774 support), definitely clear the way for the challenging of lower areas of support.

I think, like a lot of others, I was hinging a lot of my thinking about the lower possibilities of how far the BTC price will go or is expected to go based on the extent of the bluffing in the Bcash hardfork, including whether there was some BIG ASS bluff about even carrying out the hardfork, at all.  Surely, I am glad the hardfork actually went through because postponing or not following through with the bcash hardfork would have just drug out the uncertainty for a much longer period and likely would have been even more negative for BTC and increasing the likelihood of breaking additional areas of support in the $5k arena and lower.

Currently, with the actual deployment of the bcash "upgrade" and the fork, there is likely to be a considerable amount of relief that allows BTC prices to return to UPwards - but surely we can never really downplay any manipulators desires to continue to attempt to push BTC prices down as much as possible and for them to attempt to take advantage of the support break that has already occurred at $5774.

Anyhow, I may as well repeat here that I tend to suck when it comes to predicting anything beyond perhaps making an attempt at one leg, but even then if you can get me much off of a 50/50 prediction, then I am feeling confident.. so I am a bit more inclined towards BTC UP, now... at least getting us back to the $6,500 territory in the coming week or so...

There still could be some uncertainties regarding whether any of the bcash scumballs have any more surprises to throw into the loop or perhaps if there could be some other FUD that could come out soon in order to attempt to take advantage of our current sub $5,774 price territory... that could also decently go away in the coming hours, perhaps?

[JayJuanGee]

It is interesting how close to a BTC difficulty change the BCH fork and hash battle is occurring however. Provocative.

Yes.  What a coincidence.  Go figure.

Even more provocative - ABC seems to be kept alive due to a black_hat/white_knight act of Roger. He has redirected 4 EHash of power on the Bitcoin.com pool from BTC to BCH.

Spicy!

Who would not have expected various kinds of movement like this of the hashing power? 

Doesn't really seem too interesting to me, and surely Roger is missing out on some actual BTC (I mean something that is worth something) that he could be earning.  Poor lily thingilie!!

[El duderino_]

^^^
So short for 6500 next week in your opinion do remember it was thursday
Everybody was gentle to you





i do remember stfu jjg’s on thursday ..... just a Joke e ..... i hope as well to see us going UP and i do share your thought on predicting is the most difficult of all in BTC

[JayJuanGee]

^^^
So short for 6500 next week in your opinion

I don't short, but I am not afraid to sell on the way up.

At this point, I had some buy orders fill down to about $5,200, so I have to play around a bit and perform a bit of math in my head in order to figure out how I want to structure the incremental sells.. how much and how frequently.  Currently, I have sell orders starting in the $5,700s. 

Surely, the system works, even though many of us who are largely HODLing recognize that variations of whatever formula that we attempt to play does contain a built in preference for UP.. and surely, my own variation tends to buy more BTC than I sell, and therefore my amount of BTC should be higher than it was on the fourth or fifth time that we pass through $10k as compared with the first time that we passed through $10k (which is hopefully coming, but even having to wait a couple more years to pass thorugh $10k is acceptable, even if it is not the preferred outcome).

do remember it was thursday
Everybody was gentle to you

i do remember stfu jjg’s on thursday ..... just a Joke e .....

Surely, tards are going to tard, so just have to cross one bridge at a time, if peeps believe it is helpful to them or our thread conversation to focus themselves or the thread in that direction.  My response, if any, will depend on context.

i hope as well to see us going UP and i do share your thought on predicting is the most difficult of all in BTC

I don't know if predicting the future about BTC is more difficult than predicting the future about other things, but of course, the more that any of us knows about a topic, and about how to filter relevant and material from nonrelevant and nonmaterial, then of course, our ideas about the future of the topic (such as bitcoin prices) will likely become more solid.

[El duderino_]

I mean’t all the text was short for .... back to 6500-ish next week i your opinion

[Last of the V8s]

https://youtu.be/7AxUEddRS1E bcash memes
v
https://www.youtube.com/watch?v=M7cvzMjAWjs btc memes

[RoomBot]

So happy I got paid today to buy more DIP!

[HairyMaclairy]