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

[kurious]

if you only had a window into price in $ and NOTHING else, it would be an insufficient info, obviously.
...

Yes...and $$ inflation highlights just one example in which the future price snapshot has little value.

Say also that you find out the price on date x would be $200. What action can you take right now ?

How can you know if the structure of BTC will be the same ? How can you know what fork can have happened, and whether consensus has changed the issuance of units ? What if the price was $20000 just  a few months after your chosen date, for unknown technical reasons ?

..and that is just the guesses we can make. How about the unknown unknowns ?

You're right in many respects of course, but I still think it would be well worth 10 BTC to know the price on a given date over two years ahead. Would you turn down the chance?

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[Elwar]

I'm out at the site. Moored up for the evening after getting the spar anchored.

how is the bandwidth out there?

We are at around 3Mbps download and 1Mbps upload with just a small pocket Wifi device. I have an antenna booster that should get that up closer to 20Mbps. The key here is distance.

not bad

just how far out are you?

Over 12nm out.

We describe it all at http://ocean.builders

[Elwar]

I'm out at the site. Moored up for the evening after getting the spar anchored.

 Wow. So serene.  I have worked in an industrial setting all my life; I don't think I could handle the quiet.
 Doing any fishing?

I have worked night shift in Afghanistan for 2 years. I enjoy serene.

Hopefully I can do drone fishing 

[ðºÞæ]

if you only had a window into price in $ and NOTHING else, it would be an insufficient info, obviously.
...

Yes...and $$ inflation highlights just one example in which the future price snapshot has little value.

Say also that you find out the price on date x would be $200. What action can you take right now ?

How can you know if the structure of BTC will be the same ? How can you know what fork can have happened, and whether consensus has changed the issuance of units ? What if the price was $20000 just  a few months after your chosen date, for unknown technical reasons ?

..and that is just the guesses we can make. How about the unknown unknowns ?

The structure want be the same. For starters backward compatibility will stop at some time, max supply will change. That Chinese Government Mole "Charlie" stated it several times already.
Bitcoin Cash is totally worthless in that regard as a miners controlled chain, mining rewards will be changed to satisfy greedy miners in due course.
Out of the thousand and thousand of cryptocoins truly deflationary will be maybe two chains, Bitcoin SV and Bitcoin Gold, the only backups at hand.


Edit:
I can see chained together seasteads with greenery in center floating on plastic bottles the way forward. Prove of keys to allow joining the chain.

[realr0ach]

That Chinese Government Mole "Charlie" stated it several times already.
Bitcoin Cash is totally worthless in that regard as a miners controlled chain, mining rewards will be changed to satisfy greedy miners in due course.

Are you people retarded?  Bitcoin is SUPPOSED to be miner controlled, now you're claiming it's some type of unexpected defect.  If mining centralizes and nothing resembling a Nash equilibrium exists with special interests and cartels running things, then you don't get to claim mining doesn't matter, the only thing you get to claim is that bitcoin is a failed project that's designed to centralize.

[zazzbg1]

https://i.imgur.com/jQskaD0.png
Is this BTC price chart or Andy Murray Singles Ranking History Chart  
Is Andy Murray the real SATOSHI NAKIMOTO 

[sam_ti_dyatel]

Greedy bears wanna 1200-1500$, market will fuck them as usual

[Karartma1]

Coming back from holidays I see nothing changed around here.
Bearish then  

[bitserve]

Coming back from holidays I see nothing changed around here.
Bearish then  

Yup, very bearish.... maybe not in the short term, but we are not anywhere near a proper bull run it seems... As expected.

This is being so 2014-2015 that it is almost surprising.

[bitserve]

if you only had a window into price in $ and NOTHING else, it would be an insufficient info, obviously.
...

Yes...and $$ inflation highlights just one example in which the future price snapshot has little value.

Say also that you find out the price on date x would be $200. What action can you take right now ?

How can you know if the structure of BTC will be the same ? How can you know what fork can have happened, and whether consensus has changed the issuance of units ? What if the price was $20000 just  a few months after your chosen date, for unknown technical reasons ?

..and that is just the guesses we can make. How about the unknown unknowns ?

You're right in many respects of course, but I still think it would be well worth 10 BTC to know the price on a given date over two years ahead. Would you turn down the chance?

I would probably choose a not so far date (ie less than a year ahead) so I could go all in into longing/shorting. As majormax says, in the interim of long term many things can happen.

The price I would pay would depend on how much financial resources I would be sure I could allocate or raise to take advantage of the forecast and also taking into account that if the price on that specific date would be similar to current one it would be directly a loss of the paid price.

[ivomm]

Judging how many times last year bitcoin rebounded from 6K, I am convinced that 3K won't give up easily without fight. We may see some bear(s) try to bring it below 3K but even if they succeed it won't last long. And the halving is near, so no point in selling this year. As for me, I got some very good news today. A couple of weeks ago appeared a buyer for some inherited land. I expected the price max $2200, but today we agreed on the price $4200. It remains that some details for the deal to be legalized and in 3 days the money will be in my bank account. Then I will buy with all of it bitcoins, no matter the price. I already bought last month over 0.5BTC, so I don't mind this one year pseudo bear market (I know the whales want my bitcoins but I flip them off). Fingers crossed all goes well!  

[realr0ach]

Greedy bears wanna 1200-1500$, market will fuck them as usual

It all depends on who the identity is of the single entity operating on the fraudulent exchange Bitfinex that has controlled and rigged the price ever since it was $200.  If that entity turns out to be Bitmain and Bitmain goes bankrupt, then bitcoin would no longer have any upwards manipulation support and it could implode back towards where the extreme manipulation started from (hint:  it began at $200).  

If that entity turns out to be someone like Goldman Sachs or an ESF proxy, then I guess the artificial upwards manipulation and market rigging would continue as normal.  There is no debate on this issue whatsoever among people who have traded these markets for years and aren't complete idiots.  The market is controlled by a single entity who mainly rigs the price through Bitfinex, it's just a question of WHO the entity is.

[Last of the V8s]

in mildly funny
https://news.8btc.com/antminer-in-china-particularly-attacked-by-virus-hant-for-btc-ransom
and
https://www.telegraph.co.uk/technology/2019/01/14/russia-plans-tackle-us-sanctions-bitcoin-investment-says-kremlin/

[vapourminer]

I created http://www.seasteadtalk.org for discussion of seasteading.

i tried to register but got an error.

EDIT: nevermind tried again and got in.

for me, one aspect of a seastead is the isolation from supplies. living in the boonies i tend to have everything needed to survive for several weeks with absolutely no dependencies on the outside world. well within some practical limits. so i would have backups (sometimes several) of all critical infrastructure, tools and parts to repair most things along with a small machine shop, above average medical supplies, and overkill on monitoring equipment for environment and systems status. like, lots of stuff like that. i live in the boonies, and ive learned that if you dont have it with you, you dont have it period. simple enough thing but when the stores are a dozen miles or more away in rough seas for unknown period of time thats the same thing. so any seastead i design will be pretty big. living quarters would be a small part of it. command and control will be as redundant and as state of the art as i can make it, after all, when you get down to it this is a sea going vessel that my life will depend on. so costly for the specs that i am comfortable with, which are admittedly above specs a typical seasteader may have.

dont get me wrong, the isolation and self sufficiency is a good thing for me, but a lot of planning goes into that. its not just the base platform which worries me, you guys seems to have those problems licked. its the rest of it that i worry about. ive learned to only trust critical infrastructure that either i design and build, or is so well proven i can adapt off the shelf items for my use. i have no intention of getting into some life threaten situation that i could have avoided because i skimped on kit loadout.

[Globb0]

https://www.telegraph.co.uk/technology/2019/01/14/russia-plans-tackle-us-sanctions-bitcoin-investment-says-kremlin/

[Cassius]

https://www.telegraph.co.uk/technology/2019/01/14/russia-plans-tackle-us-sanctions-bitcoin-investment-says-kremlin/

The Telegraph acting like CoinTelegraph. [sigh]

[gentlemand]

https://www.telegraph.co.uk/technology/2019/01/14/russia-plans-tackle-us-sanctions-bitcoin-investment-says-kremlin/

It's still that one single nutter. No new sources at all. Has the mainstream press begun to get crypto press AIDS?

[wachtwoord]

https://www.telegraph.co.uk/technology/2019/01/14/russia-plans-tackle-us-sanctions-bitcoin-investment-says-kremlin/

It's still that one single nutter. No new sources at all. Has the mainstream press begun to get crypto press AIDS?

If they would want to do this they would buy first and leak after. Putin is not retarded. Journalism these days ... 

[realr0ach]

Must be too many goyim buying gold and silver (which the bankers don't want) so they're trying to trick them into buying imaginary, valueless, digital shitcoins instead.

[LFC_Bitcoin]

https://www.telegraph.co.uk/technology/2019/01/14/russia-plans-tackle-us-sanctions-bitcoin-investment-says-kremlin/

It's still that one single nutter. No new sources at all. Has the mainstream press begun to get crypto press AIDS?

If they would want to do this they would buy first and leak after. Putin is not retarded. Journalism these days ... 

How do you know they haven’t been accumulating for months?