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

[kenzawak]

Haven't read the last pages so I apologize if this has been posted before.

600,000 Miners Shut Down Business In The Last Two Weeks

https://toshitimes.com/600000-miners-shut-down-business-in-the-last-two-weeks/

According to F2Pool, the third largest mining pool, between 600,000 and 800,000 bitcoin miners have shut down business. They have shut down at a rapid pace and done so by mid-November.

the decline of miners happened because of that many used older models. Models such as Antminer T9+ made by Bitmain and AvalonMiner 741 by Canaan Creative. These models only have a hash power of 10 TH/s and are losing money at the current value of bitcoin, according to F2Pool.  

several factors are contributing to the shutdown. One of them is the market decline which was triggered by the bitcoin cash hard fork.

[mindrust]

My bank just locked my play account where my most (actually all) FIAT investings located. Called them, she couldn't point out the reason but she said they'll get in touch to inform me.

I am afraid the reason is Bitcoin...

[jbreher]

Whew! Go away for a few days, and all hell breaks loose.

Now that I'm all caught up, when tumbleweeds?

[JayJuanGee]

Even Jbreher is likely to becoming nervous during these trying times,

You forget. Your first rodeo in this arena was my fourth. I'm calm, cool, and collected.

Not the first time with your attempts at patronizing phoney baloney, and you should realize, by now, that you likely don't know enough about me nor my experiences to actually lord over such information, even though I see that you are not timid in trying from time to time.  

blah, blah, blah

You have mentioned several times that your first buys were at the $1000-ish, 2013 Dec-ish bubble. Right?

Yes.  That's when I started in bitcoin, but I was not born then.  I was born earlier than that.

Objective fact: I had already been through a number of proportional magnitude spike/crashes. Your dissembling does not change this reality.

Oh?  So in your mind, you are smarter based on certain kinds of experiences?

Part of the idea of patronizing is that it seems to be off topic, and in that regard, my earlier post did not even question your level of smartness, but you felt a need to inject such supposed smartness based on experience into the response.

Frankly, I commend you on your commitment to dollar average down that entire downtrend. You deserve whatever reward comes your way for such hodl fortitude. Regardless, you do not have the same perspective as one who has endured such trying times a significant multiple of that you yourself has endured. Having been through this a number of times, I am confident in what the future will bring. And whatever animalistic reactions I might have, have already been worked through in previous cycles.

I will concede that if your basis cost is smaller then you have less pressure, and I will also concede that stacking up dollars and bitcoins on both ends will provide a decent sized trade cushion, but I still don't see any reason to be patronizing about the situation... when all I did was make a statement of presumption that even jbreher should be nervous.. and perhaps moreso because of the bcash situation, yet whether you deny such nervousness or not, I don't see any useful purpose for the patronizing....

Oh, and thanks for commending my DCA commitment... at least my variation of such that I have been employing and I have been sharing the discussion of such, too.

So, no; jbreher is not becoming nervous during these trying times. Get the fuck out of here with your ridiculous mischaracterizing projection defense mechanisms.

I stand by my comments and my inquiries and my assertions, so far, and if you are not getting nervous than good upon you.  Takes a certain amount of juggling to also stay in bitcoin and also to maintain stakes with bcash shenanigans, too.

[HairyMaclairy]

My bank just locked my play account where my most (actually all) FIAT investings located. Called them, she couldn't point out the reason but she said they'll get in touch to inform me.

I am afraid the reason is Bitcoin...

Let’s hope it’s just drugs

[BTCMILLIONAIRE]

I saw some guys here talking earlier about gene editing and the like, I am also in favour of all of the technology and next waves of medical technology that are coming, dammit keep me alive, replace my body, load me into the cloud I am ready and willing  

The problem with self-preservation is that we may end up losing the self in the process. It may be an obvious decision we must make or it may be insidious.

I hear you... also I wonder if mental health would become a problem, not necessarily an insurmountable one..

Maybe we live in simulations, and have finite lives to preserve our sanity.

Shit man, we really DO live in a simulation already its all true


Did we all pick the "Bitcoin adventure, nightmare edition"


Holy fuck man it all makes sense all of a sudden

 

What if God had a multiple personality disorder ...that he gave to himself?

[El duderino_]

You guys bought coins for your loved ones as xmas gifts yet?

My liver ones all got Something in BTC i think...., the nocoiner part of my GF’s family, yeah gonna give them Some xrp or another shitcoin what they probably would be thinking is the next best thing

[BTCMILLIONAIRE]

man

I remember real MDMA

I don't think they have that any more

They do (as actual rocks, not the pressed garbage that nobody knows what it contains). And it's dirt cheap. Wouldn't ever take anything else since you can't know the dosage of pills without substantial effort.

[BTCMILLIONAIRE]

Bye bye BCash.

https://medium.com/coinmonks/bye-bye-bcash-good-riddance-to-bad-actors-71dd926eb38b

What a beautiful post to wake up to.

[Totscha]

Haven't read the last pages so I apologize if this has been posted before.

600,000 Miners Shut Down Business In The Last Two Weeks

https://toshitimes.com/600000-miners-shut-down-business-in-the-last-two-weeks/

According to F2Pool, the third largest mining pool, between 600,000 and 800,000 bitcoin miners have shut down business. They have shut down at a rapid pace and done so by mid-November.

the decline of miners happened because of that many used older models. Models such as Antminer T9+ made by Bitmain and AvalonMiner 741 by Canaan Creative. These models only have a hash power of 10 TH/s and are losing money at the current value of bitcoin, according to F2Pool.  

several factors are contributing to the shutdown. One of them is the market decline which was triggered by the bitcoin cash hard fork.

This was all well known before the article was published. Take the hashrate that was removed from BTC. Subtract the hashrate added to BCH and BSV. And, voila. Looks like some miners were shut down... It's very simple math...

Care to make a point? Or is it just FUD as usual?

[El duderino_]

via Imgflip Meme Generator

[Totscha]

via Imgflip Meme Generator

Blasphemy!

It's:
- New Year's resolution
- 'New me' January
- 'Business as usual' February-November
- 'I hate myself' December

That's how healthy adults do things. Anything else is just plain wrong...

[mindrust]

My bank just locked my play account where my most (actually all) FIAT investings located. Called them, she couldn't point out the reason but she said they'll get in touch to inform me.

I am afraid the reason is Bitcoin...

Let’s hope it’s just drugs

Alright, danger is gone. It was neither of them.

They were suspecting that i was using my account for business purposes which is kinda true. :/ Money was going in and out from/to my business account.

They basically said "if you want to do business open the fuck up a business account."

[El duderino_]

You guys bought coins for your loved ones as xmas gifts yet?

Every Xmas since years.

Hey man, just give them whats gonna have value in a few years.... DO NOT GIVE LOVED ONES phony coins !!!

[encycrypto]

They basically said "if you want to do business open the fuck up a business account."

That's quite polite of them.

[qwizzie]

here we go again, attempt number .. 2 ? to break support at $3657 on Bitfinex (or $3474 on Bitstamp)

[LFC_Bitcoin]

here we go again, attempt number .. 2 ? to break support at $3657 on Bitfinex (or $3474 on Bitstamp)

 

$3711 on Stamp atm

[d_eddie]

man

I remember real MDMA

I don't think they have that any more

Or is it just that you aren't the same any more? That magic is fragile.

[qwizzie]

here we go again, attempt number .. 2 ? to break support at $3657 on Bitfinex (or $3474 on Bitstamp)

 

$3711 on Stamp atm

yep, rebuffed at 3548 and bounced back (on Bitstamp)

[d_eddie]

So, no; jbreher is not becoming nervous during these trying times. Get the fuck out of here with your ridiculous mischaracterizing projection defense mechanisms.

JJG is a controversial character: a WO staple food but unsavoury to some, a rhetorical nightmare for the discerning reader but a force feeder of sense for the noob and the faith losing initiate.

One thing we can all agree with: his style has been shaped into memes by sympathizers and adversaries alike. Perhaps?