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Question: What year will we achieve a new ATH?
2019 - 43 (28.7%)
2020 - 59 (39.3%)
2021 - 34 (22.7%)
2022 - 8 (5.3%)
2023 - 1 (0.7%)
Never - 5 (3.3%)
Total Voters: 150

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21179847 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (24 posts by 13 users deleted.)
Kylapoiss
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November 21, 2018, 07:13:38 PM
Merited by vroom (1)

finally crypto mining companies are starting to go bankrupt. looks like it's that time of the year already.
https://cointelegraph.com/news/crypto-mining-firm-giga-watt-files-for-bankruptcy-faces-eviction-in-washington-county
still waiting for 'bitcoin dead' headlines, but looks like it may be time to slowly start accumulating.

Quote
Giga Watt, formerly known as MegaBigPower company

Where do they get these company names Cheesy

I would have an extremely cautious approach towards a company with such a name, doesn't raise much trust.
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November 21, 2018, 07:24:57 PM

finally crypto mining companies are starting to go bankrupt. looks like it's that time of the year already.
https://cointelegraph.com/news/crypto-mining-firm-giga-watt-files-for-bankruptcy-faces-eviction-in-washington-county
still waiting for 'bitcoin dead' headlines, but looks like it may be time to slowly start accumulating.

This just goes to show how electricity is only one of many costs associated with mining. Don't believe the FUD about the electricity only cost of mining a bitcoin (~$3000). The real cost of mining is double that at least. The electricity in Douglas County Washington is less than $0.03 per kWh and they still couldn't stay in business. Every miner in the world is mining at a loss at these prices.
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November 21, 2018, 07:28:32 PM

Where do they get these company names Cheesy

I would have an extremely cautious approach towards a company with such a name, doesn't raise much trust.

You joking? It sounds FUCKING MASSIVE. If it's big it must be good.

Here's an interesting metric - Casascius capitulation - https://twitter.com/realLudvigArt/status/1064832260124303360

There's also a tweet in there which reckons one of them is Roger Ver's, though I've no idea how they know, which makes it desperation instead.
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November 21, 2018, 07:30:49 PM

https://medium.com/binanceexchange/binances-aml-kyc-partners-be471a23a977
CZ is a good lad and cosies up to the authorities.

Don't worry, goyim.  I promise bitcoin is some type of currency and not a surveillance system.
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November 21, 2018, 07:31:03 PM

finally crypto mining companies are starting to go bankrupt. looks like it's that time of the year already.
https://cointelegraph.com/news/crypto-mining-firm-giga-watt-files-for-bankruptcy-faces-eviction-in-washington-county
still waiting for 'bitcoin dead' headlines, but looks like it may be time to slowly start accumulating.

This just goes to show how electricity is only one of many costs associated with mining. Don't believe the FUD about the electricity only cost of mining a bitcoin (~$3000). The real cost of mining is double that at least. The electricity in Douglas County Washington is less than $0.03 per kWh and they still couldn't stay in business. Every miner in the world is mining at a loss at these prices.

Here is why it doesn't matter.  Governments are secretly mining bitcoin with public resources, they don't care about making a profit.

Crypto mining is also being used to launder money, so these guys see the loss as just a money laundering fee.  They mine clean coins and turn their money clean.
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November 21, 2018, 07:33:10 PM

BAKKT exchange delays opening again ... i think this could become the new "China bans bitcoin again"

they'll milk these delays (blame it on regulators, lawyers, blawblawblaw) to drag out the bear/accumulation phase as long as possible .... until they start losing credibility for looking incompetent
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November 21, 2018, 07:35:31 PM

Where do they get these company names Cheesy

I would have an extremely cautious approach towards a company with such a name, doesn't raise much trust.

You joking? It sounds FUCKING MASSIVE. If it's big it must be good.

Here's an interesting metric - Casascius capitulation - https://twitter.com/realLudvigArt/status/1064832260124303360

There's also a tweet in there which reckons one of them is Roger Ver's, though I've no idea how they know, which makes it desperation instead.

Should we be worried?
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November 21, 2018, 07:37:42 PM

Should we be worried?

That they know something we don't? Doubtful. Just bored of it all I presume.

If one of them is Roger then that's some impressive barrel scraping.
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November 21, 2018, 07:38:08 PM

I'm waiting to see what happens when the some of the hashrate on the BCH chains goes back to BTC.

I understand dropping hashrate is causing slower Bitcoin blocks, but does anyone know why there's sometimes huge gaps between blocks, then loads mined within minutes of each other? Is that just random chance, or miners playing tricks?
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November 21, 2018, 07:39:07 PM
Merited by bones261 (1), Last of the V8s (1)

finally crypto mining companies are starting to go bankrupt. looks like it's that time of the year already.
https://cointelegraph.com/news/crypto-mining-firm-giga-watt-files-for-bankruptcy-faces-eviction-in-washington-county
still waiting for 'bitcoin dead' headlines, but looks like it may be time to slowly start accumulating.

Good. Fuck that Dave Carlson guy.

He got greedy.

Had an exclusive deal with Bitfury for the longest time. Was the guy that originally handled selling 55nm Bitfury gear in the USA.

Then his ego got too big, stopped selling to normies, and now he's out of business, in serious debt.

No tears.


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November 21, 2018, 07:41:01 PM

Should we be worried?

That they know something we don't? Doubtful. Just bored of it all I presume.

If one of them is Roger then that's some impressive barrel scraping.

Would be nice if he'd be out of ammo so soon, this BCH nonsense has to stop.

Or maybe someone has bills to pay.
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November 21, 2018, 07:42:17 PM

Possibly relevant: https://www.youtube.com/watch?v=ppUx4J3J9FY
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November 21, 2018, 07:44:26 PM

If 4k holds by the end of the month, I am buying more coins. Right now its all about if the weekly BB stretches any further....
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November 21, 2018, 07:49:06 PM

I'm waiting to see what happens when the some of the hashrate on the BCH chains goes back to BTC.

I understand dropping hashrate is causing slower Bitcoin blocks, but does anyone know why there's sometimes huge gaps between blocks, then loads mined within minutes of each other? Is that just random chance, or miners playing tricks?
I don't know the answer to this question. Can it be that lower hash power brings higher variance? I somehow doubt it.

However, if Roger is really scraping the bottom by selling Casascius Coins, it might mean his miners are about to switch. My own implicit question gains weight: what can reasonably expected to happen now?
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November 21, 2018, 07:51:56 PM

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November 21, 2018, 07:52:26 PM

Apparently Roger missed my explanation years ago that in event of rough consensus attack, the only logical game theory move is either sell both forks or keep both forks.  If you're the one causing the rough consensus attack, it doesn't really change anything.
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November 21, 2018, 07:54:13 PM
Merited by BobLawblaw (10)

Everyone needs to hit this bowl of Skittles with me and chill the fuck out.

Everything will be fine.

Relax, brothers.

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BOWL if you say so i do so ...... Roll Eyes
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November 21, 2018, 07:58:36 PM

Micgoossens, we're going to have to have a talk about your instagram bimbo habits of taking pictures of your food, strategically placing your arm in every picture to try and get people to look at your random prison tattoos, amongst other issues.  This is very poor nazi behavior.
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November 21, 2018, 07:58:51 PM
Last edit: November 21, 2018, 08:16:56 PM by Spaceman_Spiff_Original

So, does anybody know why adamstgBit left?

Let me guess, he pulled a DeathandTaxes, MnW or cypherdoc type scam and left?  That’s usually how the old guard chooses to leave.
Who is MnW?
DeathandTaxes' scam thoroughly disappointed me.  He was such an insightful guy, one of the smartest and most knowledgeable posters around imho.  I thought he came across as a standup guy, but clearly my judgement of him was very flawed.
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November 21, 2018, 08:00:19 PM

If 4k holds by the end of the month, I am buying more coins. Right now its all about if the weekly BB stretches any further....

Just wait till this weeks “Black Friday” and buy as much coins as you can afford. I’m sure bears will try to create huge discounts  Grin
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