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Question: Oct. 31 Closing Price:
$0 - 3 (7.9%)
<$7,000 - 3 (7.9%)
$7,000-$7,500 - 1 (2.6%)
$7,500-$8,000 - 3 (7.9%)
$8,000-$8,500 - 10 (26.3%)
$8,500-$9,000 - 5 (13.2%)
$9,000-$9,500 - 2 (5.3%)
$9,500-$10,000 - 3 (7.9%)
$10,000-$10,500 - 2 (5.3%)
>$10,500 - 4 (10.5%)
>$20,000 - 2 (5.3%)
Total Voters: 38

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21408496 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. (109 posts by 22 users deleted.)
criptix
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December 28, 2018, 05:27:34 PM

Watching the silver price slowly fall back to $6 over the next decade will be even worse.

From a TA point of view, $10 looks like a very strong support and potential bounce. But, r0ach is always talking about costs of production and oil as the main factor. Oil price is gonna dump really hard over the next couple of decades. As much as electrical cars increase their market share the more affected will be the demand of oil. Main demand right now is coming from cars all over the world. Another interesting side effect is that long distance flights will become even cheaper.

I'm sorry.

Where do you think all this electricity is going to come from?

While there will certainly be plenty of volatility in the energy sector, even "dumps", broadly speaking oil will never, ever, be cheaper in real terms.

Even serious industry paid annalists acknowledge that we are past peak EROI, and there is simply no replacement for the energy density of fossil fuels.

Fusion!
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Reply with quote  #2

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Biodom
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December 28, 2018, 05:30:02 PM
Last edit: December 28, 2018, 05:41:12 PM by Biodom

Coinbase released some new account rules.
https://www.coinbase.com/legal/user_agreement?locale=en-US

Pledges not to hypothecate customers' btc.
Anybody noticed something new/important?
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December 28, 2018, 05:38:36 PM
Merited by VB1001 (1)

Good article, I would like to read the original of WSJ Wink

WSJ: Bitcoin Trading at Strong Correlation with Gold as Traditional Investors Step In

https://cointelegraph.com/news/wsj-bitcoin-trading-at-strong-correlation-with-gold-as-traditional-investors-step-in?

There you go :

https://outline.com/LmstEG

Full article, for free.
jojo69
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no FOMO


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December 28, 2018, 05:45:18 PM


Fusion!

no roads where we're going Marty

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December 28, 2018, 05:48:40 PM

Bitcoin Cash Block Sizes Average Less Than 100 KB, Defeating The Point Of Its Creation  Kiss

https://cryptoiq.co/bitcoin-cash-block-sizes-average-less-than-100-kb-defeating-the-point-of-its-creation/
VB1001
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December 28, 2018, 05:58:34 PM

Today the green dildo again coincides with the closing of futures. Roll Eyes
d_eddie
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December 28, 2018, 06:10:26 PM

Need to see it get a bit bigger on the daily
kenzawak
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December 28, 2018, 06:12:24 PM

CME Futures closing today.
Reminder, prices tend to go crazy (up or down) in the hours surrounding expirations.

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December 28, 2018, 06:17:54 PM

BTCMILLIONAIRE
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December 28, 2018, 06:40:35 PM



I would say that quote is bollocks.

How many people across the world own a piece of gold jewellery or a gold coin?

Gold is far more decentralised than bitcoin (mining and coin distribution is far from decentralised)
The quote is talking about potentials. You are talking about what "is". Gold has a history spanning millennia. Hence your argument doesn't make sense until at least an isomorphically equal amount of time has passed during which Bitcoin could have distributed. That amount of time will be lower than for gold due to the amount of people alive now vs the amount of people alive in the past as well as developments in infrastructure (hence isomorphic).

But as is it doesn't make sense to compare the level of current decentralization of gold vs Bitcoin.
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December 28, 2018, 06:47:24 PM

The year in numbers :

https://breakermag.com/its-not-all-about-price-cryptos-year-in-numbers/
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One of the world's leading Bitcoin-powered casinos


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December 28, 2018, 06:48:34 PM
Merited by JayJuanGee (1)

Would be good to break $4,000 again & consolidate there. $3000’s seem very low & surely whales are accumulating here. These are cheap coins if you have lots of spare fiat.
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First 100% Liquid Stablecoin Backed by Gold


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December 28, 2018, 06:55:35 PM

Yay! The shorts are having a rektoning
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Taking it back a nodge, VEGETA where art thou !!!!


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December 28, 2018, 07:32:12 PM

Spike Spike spiiiiiiike it UP
BTCMILLIONAIRE
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December 28, 2018, 07:38:36 PM

Watching the silver price slowly fall back to $6 over the next decade will be even worse.

From a TA point of view, $10 looks like a very strong support and potential bounce. But, r0ach is always talking about costs of production and oil as the main factor. Oil price is gonna dump really hard over the next couple of decades. As much as electrical cars increase their market share the more affected will be the demand of oil. Main demand right now is coming from cars all over the world. Another interesting side effect is that long distance flights will become even cheaper.

I'm sorry.

Where do you think all this electricity is going to come from?

While there will certainly be plenty of volatility in the energy sector, even "dumps", broadly speaking oil will never, ever, be cheaper in real terms.

Even serious industry paid annalists acknowledge that we are past peak EROI, and there is simply no replacement for the energy density of fossil fuels.
Does that analysis factor in fusion eventually becoming economically viable or not?
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December 28, 2018, 07:55:09 PM

Bitcoin Cash Block Sizes Average Less Than 100 KB, Defeating The Point Of Its Creation  Kiss

https://cryptoiq.co/bitcoin-cash-block-sizes-average-less-than-100-kb-defeating-the-point-of-its-creation/

Don't be stupid , its planned for the future.  BCH has only been around for about a year.
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December 28, 2018, 07:57:06 PM
Merited by bones261 (1)

Well hello you..

Bounced hard off resistance at the $4.1k level. The consolidation at the mid point of the previous rally might indicate an attempt to climb another rung in the ladder upwards.
1h


4h



In the longer term things look fairly exciting. My most pessimistic projections indicate bitcoin should at least double in fiat price over the next 12 months or so. Remember, remember the 5th of November.
W

#stronghands2019
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December 28, 2018, 08:10:22 PM
Merited by vapourminer (1)

Watching the silver price slowly fall back to $6 over the next decade will be even worse.

From a TA point of view, $10 looks like a very strong support and potential bounce. But, r0ach is always talking about costs of production and oil as the main factor. Oil price is gonna dump really hard over the next couple of decades. As much as electrical cars increase their market share the more affected will be the demand of oil. Main demand right now is coming from cars all over the world. Another interesting side effect is that long distance flights will become even cheaper.

I'm sorry.

Where do you think all this electricity is going to come from?

While there will certainly be plenty of volatility in the energy sector, even "dumps", broadly speaking oil will never, ever, be cheaper in real terms.

Even serious industry paid annalists acknowledge that we are past peak EROI, and there is simply no replacement for the energy density of fossil fuels.

Well, I may be wrong, but this is the reasoning behind my thinking/prediction:

Yes, energy density of fossil fuels is the best and that is why it was so hard to replace for "mobile machines". Flights don't have any substitute for that very same reason. But flights are not the main demand of oil, cars are.

Everything points out that we will see an increase in market share of electric cars during the next next years/decades. I don't think it is unreasonable that half the cars would be electric in two decades.

That would mean a huge decrease in demand for oil.

Where do the electricity came from to power all those cars? Well, I also expect an increase of the alternate power sources now that ie photoelectric has become positive ROI.
Also nuclear is still rocking and with the new better and safer designs maybe they would start building much more new ones if the need arise? Not sure about that one to be honest.

Also it doesn't really need for something as huge as a halving of oil dependance from cars to affect the price hard. Since many decades to now that demand has been increasing yet the price has remained more or less constant (hugely volatile though) or even decreased. When it not only stops growing (the demand) but decrease significantly I would guess it's impact on price would be multiplied.

Also, oil producers seeing that in the future the demand would keep decreasing would be more eager to monetise their reserves faster than others. Again, with the effect of lowering price.

As I said, I might be wrong, but that is my reasoning and makes sense to me.

P.S.: Yeah, I haven't included fusion because it has been so long they said it was near that I don't believe it anymore.
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December 28, 2018, 08:18:21 PM
Merited by BTCMILLIONAIRE (1)

Watching the silver price slowly fall back to $6 over the next decade will be even worse.

From a TA point of view, $10 looks like a very strong support and potential bounce. But, r0ach is always talking about costs of production and oil as the main factor. Oil price is gonna dump really hard over the next couple of decades. As much as electrical cars increase their market share the more affected will be the demand of oil. Main demand right now is coming from cars all over the world. Another interesting side effect is that long distance flights will become even cheaper.

I'm sorry.

Where do you think all this electricity is going to come from?

While there will certainly be plenty of volatility in the energy sector, even "dumps", broadly speaking oil will never, ever, be cheaper in real terms.

Even serious industry paid annalists acknowledge that we are past peak EROI, and there is simply no replacement for the energy density of fossil fuels.

Well, I may be wrong, but this is the reasoning behind my thinking/prediction:

Yes, energy density of fossil fuels is the best and that is why it was so hard to replace for "mobile machines". Flights don't have any substitute for that very same reason. But flights are not the main demand of oil, cars are.

Everything points out that we will see an increase in market share of electric cars during the next next years/decades. I don't think it is unreasonable that half the cars would be electric in two decades.

That would mean a huge decrease in demand for oil.

Where do the electricity came from to power all those cars? Well, I also expect an increase of the alternate power sources now that ie photoelectric has become positive ROI.
Also nuclear is still rocking and with the new safer designs maybe they would start building much more new ones if the need arise? Not sure about that one to be honest.

Also it doesn't really need for something as huge as a halving of oil dependance from cars to affect the price hard. Since many decades to now that demand has been increasing yet the price has remained more or less constant (hugely volatile though) or even decreased. When it not only stops growing (the demand) but decrease significantly I would guess it's impact on price would be multiplied.

Also, oil producers seeing that in the future the demand would keep decreasing would be more eager to monetise their reserves faster than others. Again, with the effect of lowering price.

As I said, I might be wrong, but that is my reasoning and makes sense to me.

P.S.: Yeah, I haven't included fusion because it has been so long they said it was near that I don't believe it anymore.


Add to it that cheap oil is a monopoly owned by a handful of people who can de- and increase production at will.

Its quite similiar to the artificial scarcity of the diamond market which de beers controls.


Ps: Fusion would solve every energy problem of humanity for a long time.
But for the short and midterm we still have PV where prototypes already reach 35% efficiency and gen 3 and 4 nuclear reactors.
Gen 5 are already in research.

Oil is just the cheapest form of energy for now, definitely not the best.
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Taking it back a nodge, VEGETA where art thou !!!!


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December 28, 2018, 08:21:05 PM
Merited by HairyMaclairy (1)



https://threadreaderapp.com/thread/1078682801954799617.html

So BUY BTC skip ETH for some enthusiasts.
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