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

[LFC_Bitcoin]

Gentlemen

We have weathered the worst of the winter.  A new spring will dawn in time.  There will still be storms, rain and hail, thunder and awe.  But we are the hodlers, the keepers of the faith.  And we shall prevail.  

It is time to put away the bear suit and bear talk.  Xhomerx, as always, has produced a stunning new hat.  






When monkey time comes again, Hairymonkey can come back out to play.  Until then, Hairybull.

Bullish Hairy makes me happy

[JayJuanGee]

You type too fast for me, Phil_S.  I had edited my above responsive post with the below information, and I guess I am just throwing around ideas, too.

No problem, I saw your edit. $45 in 3x column is misplaced tho...

What if it starts at 2013/03/20 at $60?

2013/03   $60
2015/03   $240
2017/03   $960
2019/03   $3840

Of course, I was hypothetically starting with $15 in 2012 in order to arrive at $30 and $45 in 2013 for 2x and 3x respectively.

You can start where-ever you like, and of course, from where you start will change the numbers a bit. Also since there is such a big difference between 2x and 3x, you may also find some value in points that fall between those projections, and we know that with any s-curve adoption asset, there ends up being a flattening of the curve, but that might not occur in bitcoin until getting in the supra $10 million arena.,,... who knows?

I agree that there could be a certain value in starting later and with a higher numbers, too, but maybe it would be better to start in 2011 with a $1 value, and work your way up from there?   Bitcoin did begin to trade around 2011 with MTGOX, yet there is certainly going to be a lot of ongoing exponential jumps in the maturity of trade venues - which just goes along with s-curve adoption and exponential growth, anyhow, even if there are periods in which it seems that price is going in the opposite direction (like currently).

[Last of the V8s]

[Last of the V8s]

Loads of liquidations now cleared - rally incoming.

[ivomm]

Ouch! Some bear got burned!

[El duderino_]

The majority of this thread are from eu, usa, asia or.....??

[vroom]

The majority of this thread are from eu, usa, asia or.....??

moon?

[P_Shep]

So, err, what's the conclusion?

[El duderino_]

Anyone who has time to complain about wealth inequality doesn't really deserve moving upwards in the food chain, as they could've invested the same time on figuring out sensible goals for their life as well as some steps towards them.

QFT.

+1

What he said.

What if they used the time, then figured out the solutions and then realized every one of those solutions would get them killed so decided to just sit back and complain until someone else finds a better solution that doesn't get them killed?

I can't even figure out what you are getting at. Working on life will get you killed? I guess in some sense. In the long run, we're all dead.

Life is hard. Buck up, bucko - or get lapped by those willing to put in the work.

I dated a girl for a number of years.

Her father was wealthy and powerful.  He owned 25+ houses that he rented out.  He was also a drunk and highly abusive.

The mother eventually divorced him after a series of domestic violence incidents.  The father decided to make the mother's life a living hell.   He hired lawyers to sue the mother for everything under the sun, stalked the mother and tried to destroy her friendship networks.  This went on for five years.  

The mother grew deeply depressed and semi suicidal.  My girlfriend and her sister at the age of 8 had to get the mother out of bed in the morning, get her dressed so the mother could drive them to school.  Some days they couldn't get their mother out of bed so they missed school.  

My girlfriend was incredibly smart and motivated but she missed a lot of school during that five year period.  It affected her grades and she had to work hard to try to catch up.  She also had the mental load of trying to parent her own mother through the divorce and aftermath.  There is no doubt in my mind if she had had a normal, stable childhood, she would have been a surgeon or rocket scientist.  Instead she will likely never achieve her full potential.  

Let's not kid ourselves that everyone has equality of opportunity.  Because they don't.

Hairy, you always prove to be ONE of the very very very sober people/posters of this thread no matter what the topic or the circumstancess are
Keep up your good Posts man *highly respected*

[Last of the V8s]

So, err, what's the conclusion?

no!
Whoever filled in the answers was trying to be funny, largely failed. The dig at coindesk is good, and some other bits.
An actually funny set of answers would be useful, and a serious one to beat the Nouriels with.

[El duderino_]

The majority of this thread are from eu, usa, asia or.....??

moon?

I had Some genorosty of a few sendable merits yesterday, but HM single handed took most of them, and you get the last one love your attitude/opinion MAN

[Wekkel]

Is the Coindesk summary of the BIS report on Bitcoin true?

The document’s overall conclusion is that, according to the researchers, “in the digital age too, good money is likely to remain a social construct rather than a purely technological one.”

Hardly a new or worrying conclusion.

The core of the matter is and remains: is it 'good money'... (at least, better than fiat).

We know the answer 

[RayX12]

Ouch! Some bear got burned!

That whiplash has Arthur Hayes signature.

[Last of the V8s]

The majority of this thread are from eu, usa, asia or.....??

moon?

quite!

very few asian regulars here, maybe raja, Dabs (long time no see) +?
some antipodeans surely - Hairy +?
otherwise maybe half and half born in europe/british isles or north america ?

so no Africans or Latin Americans?
there was a guy from s africa long ago (not Spagni)
finally, was that professor guy/troll S American?

[RayX12]

The majority of this thread are from eu, usa, asia or.....??

moon?

quite!

very few asian regulars here, maybe raja, Dabs (long time no see) +?
some antipodeans - Hairy +?
otherwise maybe half and half born in europe/british isles or north america ?

so no Africans or Latin Americans?
there was a guy from s africa long ago (not Spagni)
finally, was that professor guy/troll S American?

Ecuador here.

[Last of the V8s]

niceee ^ tell us more?

[Phil_S]

Moon news:
Yutu-2 rover rolling across the lunar surface
https://www.youtube.com/watch?v=1ZmYX5nVwLc

[RayX12]

niceee ^ tell us more?

Long story... got interested in Black Coin way back and mined it for a while.  Did not sell on the big pump..  Of course I have no BC now  .
Born in Ecuador,  studied and worked in the USA.  Been back to EC since 2002.
Proud owner of BTC along with shit coins.   Did not sell on the big pump!  
Hodler at heart or fool?  Time will tell.

[Hueristic]

BIS chief Agustín Carstens: Bitcoin must depart from PoW.

I like how bankers starting to sweat they know Bitcoin will eat their lunch 

https://cointelegraph.com/news/major-central-bank-institution-bis-bitcoin-must-depart-from-proof-of-work

I experience a churning of my stomach when I see non-sense like that.  It is a sign of desperation, like you are suggesting, and it there is a kind of "holy cow" regarding the level of misinformation that is presented by the underlying assertion.

Some folks don't realize that the "holy shit" of bitcoin is wrapped up in its proof of work, so proof of work is a feature, not a bug.  Proof of work causes bitcoin incentive, and like you suggested, paashaas, will continue to generate incentives that cause the downfall of the whole financial system, causing value to flow into bitcoin.  The audacity of the article seems to show that there are many traditional financial incumbents who will be willing to battle quite strenuously to spread their nonsense about bitcoin supposedly being flawed, when in fact they are pointing out central features.. namely POW in this case.

By the way, bitcoin is stubborn and very difficult to change, too, and that remains as a feature rather than a bug to defend against misinformation campaigns that try to get bitcoin to become paypal-like, so stop whining about how stubborn and "inefficient" bitcoin is you fucking bank shill bitcoin naysayers.       

terse

your point?

I like.

[Last of the V8s]

niceee ^ tell us more?

Long story... got interested in Black Coin way back and mined it for a while.  Did not sell on the big pump..  Of course I have no BC now  .
Born in Ecuador,  studied and worked in the USA.  Been back to EC since 2002.
Proud owner of BTC along with shit coins.   Did not sell on the big pump!  
Hodler at heart or fool?  Time will tell.

tyvm. so great you went back. not a fool, wait for the really big pump after next.
is there a bitcoin scene there? how good is the internet there?