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

[RejectedBanana]

Went off the grid a few weeks only to find bitcorn totally crapped the bed while I was lounging in ignorant bliss.
It's taken me days just to catch up on WO, much less clean the sheets and the walls and the ceiling and--Jesus, bitcorn, even my teddy bear?
You couldn't even spare soiling my one item of solace?

If we're to believe money's on the sidelines just waiting to jump in, well then at what price?
Or rather, how far off "bottom" do we need to rise again to get this FOMO party started?
At $4200, we're a good 20% off bottom; that not good enough? 50% do it? 100%?

I see a few problems at the moment.
1) It's STILL not cheap enough for 2+ year OGs to take more than a nibble. So ok OGs, what's your price or indicator before you're all in again? Is it really going to take $1k?
2) Baghodlers. My oh my do we have a lot of baghodlers. Everyone who has bought and hedl bitcorn since Sept of 2017 is now officially a baghodler.
What proportion of hodlers do you suppose this is? 80%? 90%? And what proportion of them have already contributed to the capitulation shitstorm on my bed?
Nothing like a room full of stank butthurt to keep a market down.
3) Gurd-durned speculators.
4) It goes without saying fork-you.

On with the news...

Haven't seen much made of this report yet.
CoinShares report: Renewable energy accounts for 77.6% of total Bitcoin’s energy usage
https://www.theblockcrypto.com/2018/11/30/coinshares-report-renewable-energy-accounts-for-77-6-of-total-bitcoins-energy-usage/
The Bitcoin Mining Network - Trends, Marginal Creation Cost, Electricity Consumption & Sources
https://coinshares.co.uk/wp-content/uploads/2018/11/Mining-Whitepaper-Final.pdf

Well this was rather depressing.
The biggest myths in cryptocurrency investing today and what would cause a new all time high
https://blog.goodaudience.com/the-biggest-myths-in-cryptocurrency-investing-today-and-what-would-cause-a-new-all-time-high-d6010657f01d

New life for GPUs? What the hell is a quantum dot? Is this sanitized hashing for noobs? No mention whatsoever of crypto on official site. What do you suppose the rake is?
No playing around: Your Asus graphics card can now mine crypto when you’re not gaming
https://www.theblockcrypto.com/tiny/no-playing-around-your-asus-graphics-card-can-now-mine-crypto-when-youre-not-gaming/
https://www.quantumcloudai.com/

Neat-o?
Announcing the Casa Lightning Node. The easiest way to use Lightning available today.
https://medium.com/casa/announcing-the-casa-lightning-node-596df7a7427
First impressions of the Casa Bitcoin Node
https://medium.com/swlh/casa-node-91aab9c1c2ef

Even a fool knows you can't reach for the stars. Doesn't keep the wise man from trying! Do what it takes to BTFD!

[Last of the V8s]

/somewhat/

\touché\

[BinaryReign]

So I need both 120 activity and 100 merit to put my hat on? It’s not whichever comes first?

 

[infofront]

Some rare infofront TA:

[Kylapoiss]

So I need both 120 activity and 100 merit to put my hat on? It’s not whichever comes first?

 

Yes Sir, you need both. Just keep on writing, you'll get 14 activity points fortnightly if you have the same amount of posts. 120 will be fulfilled in no time

[Last of the V8s]

2) Baghodlers. My oh my do we have a lot of baghodlers. Everyone who has bought and hedl bitcorn since Sept of 2017 is now officially a baghodler.
What proportion of hodlers do you suppose this is? 80%? 90%? And what proportion of them have already contributed to the capitulation shitstorm on my bed?

Good post. You go on my little list. But someone did share the casa node news.

Must be less than that by a good margin.

Well this was rather depressing.
The biggest myths in cryptocurrency investing today and what would cause a new all time high
https://blog.goodaudience.com/the-biggest-myths-in-cryptocurrency-investing-today-and-what-would-cause-a-new-all-time-high-d6010657f01d

oh god yes so depressing. people like that shouldn't be allowed to publish their 'thoughts' at all

[jojo69]

Some rare infofront TA:

go home infofront, you're sleep deprived

[VB1001]

Thank you all for your attention to me.
I have to go on a trip in a few hours for work.
I will continue reading this great thread and I will provide interesting information, of course.

Goodnight !!!

[infofront]

Walls are looking upside.


And btw. thanks for deleting my posts. Would not mind if you could give a reason other than "off topic".

They were not different from 99.95% of the average posts here.

I will refrain from posting here, because you probably would delete it anyway.


#notfunny

I don't recall deleting any of your posts - at least not in the last 4-5 days.

[phishead]

pro tip phishead

monero is /somewhat/ tolerated here, quoting the r0ach...not so much

Oh cool, glad you told me what is “tolerated” when discussing the issues of centralization. Hahaha.

It’s ok, I’ll be sure to shut up hopefully. Don’t want to piss off the powers that be here on this thread. Please continue your discussion on how centralization and censorship by a core group of people are horrible... my apologies to r0ach...

[Last of the V8s]

#notfunny

I don't recall deleting any of your posts - at least not in the last 4-5 days.

whoops i gave him a good kicking thinking you'd purged him. may have to eat my hat.

[HairyMaclairy]

Decisive victory to the bulls at the 15M, breaking up and out of the mini-bear pennant



Puts us back where we were two days ago at the 4H at the top of the larger pennant



And shows the bigger battle ahead at the 1D under the pressure of the yellow bear line



In the context of the broader market.  Note the solid weekly volume.  Weekly volume is high but daily is declining off an admittedly high base.

[El duderino_]

via Imgflip Meme Generator
via Imgflip Meme Generator
Booze is flowing AF
Going the get real drunk
Btw come on BTC page parity NOW F***
Even bring my mini dogbadger to dinner (my GF did)

[jojo69]

pro tip phishead

monero is /somewhat/ tolerated here, quoting the r0ach...not so much

Oh cool, glad you told me what is “tolerated” when discussing the issues of centralization. Hahaha.

It’s ok, I’ll be sure to shut up hopefully. Don’t want to piss off the powers that be here on this thread. Please continue your discussion on how centralization and censorship by a core group of people are horrible... my apologies to r0ach...

Hey whoa, I'm not trying to censor you, many of us here are good with XMR, most, however, have the r0ach on ignore and repeated quoting of him will get you ignored by many.  I, for one, have zero bandwith for his autistic drivel.

[Bitcoinaire]

A nice read on how fundamentals are strengthening.

https://offthechain.substack.com/p/bitcoins-fundamentals-are-strengthening

[HairyMaclairy]

I like the idea of Monero but from a fundamentals POV, I object to its emission policy:

https://www.reddit.com/r/Monero/comments/512kwh/useful_for_learning_about_monero_coin_emission/d78tpgi/

The inflation rate is too high for it to be sound money at this time imho.  

[infofront]

#notfunny

I don't recall deleting any of your posts - at least not in the last 4-5 days.

whoops i gave him a good kicking thinking you'd purged him. may have to eat my hat.

*shrug* I seem to remember deleting some posts of his like 1 week+ ago, but it's hard to remember. We've had a couple bad waves of newbie troll posts, normally on price drops.
As you suggested, noobs have a greater likelihood of getting banned anyway. At least post a couple of "bottom" pictures or something before trolling.

[infofront]

I like the idea of Monero but from a fundamentals POV, I object to its emission policy:

https://www.reddit.com/r/Monero/comments/512kwh/useful_for_learning_about_monero_coin_emission/d78tpgi/

The inflation rate is too high for it to be sound money at this time imho.  

Monero's tail emission ensures that mining remains profitable despite any amount of traffic moving to 2nd+ layers. That's basically the whole point. You're trading some economic soundness for more protocol security.
This is particularly important for an altcoin like monero, where you don't see the kinds of volumes (and transaction fees paid to miners) as you see with bitcoin, and probably never will.

[phishead]

pro tip phishead

monero is /somewhat/ tolerated here, quoting the r0ach...not so much

Oh cool, glad you told me what is “tolerated” when discussing the issues of centralization. Hahaha.

It’s ok, I’ll be sure to shut up hopefully. Don’t want to piss off the powers that be here on this thread. Please continue your discussion on how centralization and censorship by a core group of people are horrible... my apologies to r0ach...

Hey whoa, I'm not trying to censor you, many of us here are good with XMR, most, however, have the r0ach on ignore and repeated quoting of him will get you ignored by many.  I, for one, have zero bandwith for his autistic drivel.

Oops! Misread how you intended it.. lol.

Yeah I haven’t been on this thread for a while and forget who’s who. I will do the same and just put him on ignore. Thanks for the heads up.

[HairyMaclairy]

I suggest that is self-defeating behaviour as the inflation rate prevents the currency from appreciating in value the same way that Bitcoin does, which would then allow transaction fees to support the miners.  

But I am not currently invested in XMR despite holding some in the past, so this isn't something I feel strongly about.