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

[gentlemand]

Give it a week.  Everyone will get bored and move on.

Speak for yourself. I just named all the children I keep in my porn dungeon after it.

[LFC_Bitcoin]

Grin.

Fucking Grin



I’m not touching it with r0ach’s

[YourMother]

Repost of a classic chart (source unknown):

This was drawn by a dumbass bear.

As seen in the chart, in both previous halvings BTC has pumped by at least 3x before the halving event and by at least 10x, immediately and violently, after the halving event. And this idiot is trying to tell me that the next time will be different.

Something occurring twice doesn't make for a convincing pattern to predict future events with IMO.

Definitely not a convincing pattern, but better than ridiculously stretching some shit without any backing for it

[infofront]

Despite everyone's biggest fears that keep getting repeated ad nauseum, he flat out told people not to invest in it now seeing as how 60 coins are produced every 60 seconds and its highly experimental, unproven software that may have zero value in the future.

Some people have said that you'll need to wait like 3 years before it escapes from its inflation pit, but keep in mind that Bitcoin's inflation-rate-over-time was roughly the same in its first 4 years; such high initial inflation is why you saw people buying pizzas for 10k BTC like it was nothing. But growth, if it occurs, can overcome even pretty massive inflation.

Good point.

Grin inflation rates

Year #	Yearly monetary inflation rate
1	36500%
2	100%
3	50%
4	33%
5	25%
6	20%
7	17%
8	14%

Bitcoin Inflation Rates
Year     #bitcoins       Inflation per annum
2009     1,624,250           ∞
2010     5,020,250        209.1%
2011     8,001,400         59.4%
2012    10,733,825         34.1%
2013    12,199,725         13.7%
2014    13,671,200         12.1%
2015    15,029,525          9.9%
2016    16,075,400          7.0%

Source

[HairyMaclairy]

Worth noting that Bitcoin inflation is currently 3.8% dropping to 1.8% in May 2020. 

[El duderino_]

The grin mania is out of control.
I cant remember this enthusiasm for an ALT in this BTC wall observing thread.

Give it a week.  Everyone will get bored and move on.

I was just going to say, the only thing driving me to look into this Grin stuff, is sheer boredom at the moment with BTC price stagnation.

Wanted to play some vidya on my studio game system, but decided to head to bed to play on muh lappy instead; leave the studio system mining Happybucks.

What have we become ?!???

cryptoslaves ?

[RayX12]

gr........   is just another ploy to dump BTC into the next level of support.
Nothing but manipulation at every step.
... ohhh the tech is so and so.. 

[sirazimuth]

The grin mania is out of control.

I cant remember this enthusiasm for an ALT in this BTC wall observing thread.

Give it a week.  Everyone will get bored and move on.

everyone in the know probably thinks/thought that (me included) about every coin launch  

...including bitcoin I might add.... (and 99.99% of time they are right)

[goldkingcoiner]

[infofront]

Worth noting that Bitcoin inflation is currently 3.8% dropping to 1.8% in May 2020. 

Right. That's the other reason I think people are overblowing the effects of the halvenings going forward. The inflation rate is already getting fairly low.
OTOH even with decreasing inflation, the downward price pressure caused by miner selling keeps increasing in terms of fiat, due to the increasing price of BTC.

2019    18,100,400          3.9%  (estimate) 
2020    18,575,200          2.6%  (estimate, halvening)
2021    18,912,700          1.8%  (estimate)
2022    19,250,200          1.8%  (estimate)
2023    19,587,700          1.8%  (estimate)
2024    19,806,350          1.1%  (estimate, halvening)
2025    19,975,100          0.9%  (estimate)
2026    20,143,850          0.8%  (estimate)
2026    20,312,600          0.8%  (estimate)

[infofront]

The grin mania is out of control.
I cant remember this enthusiasm for an ALT in this BTC wall observing thread.

Give it a week.  Everyone will get bored and move on.

I was just going to say, the only thing driving me to look into this Grin stuff, is sheer boredom at the moment with BTC price stagnation.

Wanted to play some vidya on my studio game system, but decided to head to bed to play on muh lappy instead; leave the studio system mining Happybucks.

What have we become ?!???

What do you like to play Bob?

[jojo69]

What have we become ?!???

[PoolMinor]

Most of the talk about Grin is people talking about Theymos talking about Grin.

Despite everyone's biggest fears that keep getting repeated ad nauseum, he flat out told people not to invest in it now seeing as how 60 coins are produced every 60 seconds and its highly experimental, unproven software that may have zero value in the future.

Now I've done it too
Talked about Theymos and Grin
And that's my Haiku

Reminds me of the CENT scam experiment. POW/POS gave 1000% every 9 days. https://bitcointalk.org/index.php?topic=269145.0

1,000,000,000 total Proof of Work coins, no halving, no special blocks. No limit on coin production.

[El duderino_]

The grin mania is out of control.
I cant remember this enthusiasm for an ALT in this BTC wall observing thread.

Give it a week.  Everyone will get bored and move on.

I was just going to say, the only thing driving me to look into this Grin stuff, is sheer boredom at the moment with BTC price stagnation.

Wanted to play some vidya on my studio game system, but decided to head to bed to play on muh lappy instead; leave the studio system mining Happybucks.

What have we become ?!???

What do you like to play Bob?

buy beer, open beer, take it to BED, take lappy with, getting F***ed up, then create HAIKU and poetry

just my best guess for this evening of BoB

[HairyMaclairy]

[El duderino_]

https://twitter.com/MrCryptoWatches/status/1086013200930361344

so who's talking about those HUBLOT's ??

only 21 watches of this one?? WoW!!

[El duderino_]

[Wekkel]

On that note, Macleod is on a tear again: https://www.goldmoney.com/research/goldmoney-insights/crypto-credibility?gmrefcode=gata

Imagine that Epic Crypto Bubble 

[infofront]

Renewing website SSL certificates is also a problem due to the shutdown. The forum's expires on 9 May 2019. Can the shutdown last that long?

Nah. I was reading that the government will have to stop sending out food stamps in March. If "poor" people can't buy their lobster and filet mignon anymore, shit will really hit the fan, and a budget of some sort will get shoved through very quickly.

[infofront]

What do you like to play Bob?

 I'm a Fortnite: Save The World mode junkie. It's my main jam. Level 114 or something.

 Beyond that, I'm really enjoying Path of Exile lately on PC. It's like Diablo 2, but way better, IMO. Oh, also entirely free to play. Available via Steam.

Nice. I've been playing Grim Dawn, which is very much a Diablo 2 successor as well. I'm intimidated by PoE, but I'll have to try it sometime.