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

[realr0ach]

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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[Dig Bicks]

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.

[marcus_of_augustus]

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

[Kylapoiss]

Where do they get these company names

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?

[gentlemand]

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.

[HI-TEC99]

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?

[Kylapoiss]

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.

[Ibian]

Possibly relevant: https://www.youtube.com/watch?v=ppUx4J3J9FY

[goldkingcoiner]

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....

[d_eddie]

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?

[Raja_MBZ]

[realr0ach]

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.

[El duderino_]

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

Everything will be fine.

Relax, brothers.

via Imgflip Meme Generator

BOWL if you say so i do so ......

[realr0ach]

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.

[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.

[TopTort777]

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  

[pönde]

The biggest catalyst that'd make BTC price skyrocket higher is simply move all your BTC to your PERSONAL bitcoin wallet (move off of Coinbase, Binance, Bitfinex, Square, Robinhood, CBOE/CME futures).

Fractional reserve, BTC lending, rehypothication is a bitch and can perpetually create no floor for prices by establishment market manipulators.

Plus if history is any indication, one these avenues will blow up and wreck the "holders" of bitcoin that really wasn't there because they failed to take such advice.

Take it off the exchanges and see what happens.

Well, are people able to download electrum wallet or print a paper wallet and move coins there? Most are not. Just think about some highly educated dudes with some university degrees like doctors, layers, mathematicians, geologists and so on. Are they able to hold coins by themselves. No, most of them are not. And these are considered to be the high IQ people. Better than anyone else. But they don't comprehend to do a very simple task. Download the wallet and the move coins there. What a retards.

So many people will hold coins on those centralized "services". But does it make any difference? Exchanges can manipulate price anyway. With out any coins. They just can create fake trades with fake volumes and with fake prices. Just like they wish.

I think the decentralized exchanges will better tell us the real price of the coins.

[Ibian]

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?

Oh come on... is the basics of mining lost to us? This is basic bitch newbie tier shit, or at least it was when I joined. Look it the fuck up.

[realr0ach]

Possibly relevant: https://www.youtube.com/watch?v=ppUx4J3J9FY

More relevant:  https://www.youtube.com/watch?v=aihXiSD6O8A

[fairyvibes]

is bobbyblaw really a gay black guy?