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

[Torque]

He planning on being at the gym until Ragnarok?

[infofront]

BullBear Analytics newsletter from yesterday:

Market Summary

Given the still intact negative seasonality, the current newsflow vacuum, the fundamental stagnation of many network statistics, and the lackluster longer-term technicals, we worry that the odds are increasing of a breakdown below the 3122 $ cycle low before all is said and done which is why we are staying conservative in our PT entries and will keep sizing small regardless of how attractive the setups become. We'll need to see ample evidence of a reversal and confirmation above 3122 $ before becoming confident enough to increase risk, and for the time being we are quite skeptical as to the likelihood of this outcome. That said, we continue to think its worth a small shot at slightly lower levels in case this is truly the bottom, so once $[?] breaks we'll begin to get active on the long side once again.

[Olegya199]

[Wekkel]

https://pbs.twimg.com/media/DyEqnSQX4AAOgqi.jpg

Almost there...

Overtraining then ? Well, not if he spends his time there making stupid tweets.

Only two things are infinite, the universe and human stupidity, and I'm not sure about the former.

- Einstein -

It's better to keep your mouth shut and appear stupid than open it and remove all doubt

- Mark Twain -

[BitcoinGirl.Club]

Alright, salary time! 5 mins later: Initiating  470$ transfer to CB to buy BTC! And this is 2 weeks after buying BTC with 4300$ for the porperty sell! It is painful to watch the bear market, but one day I will be happy that I was buying and not selling anything!!!!!!  Actually, if we go lower than the last bottom, I will sell my VW CC and buy some more BTC's. In 2 years I will replace it with lambo lol

[infofront]

Like a boss 🤣
https://i.imgur.com/gBbENiP.png
https://twitter.com/ElixiumCapital/status/1090589467767910402/photo/1

You know what's not even funny about this ? I'm seriously thinking of building a single rig with a 2080ti in it for mining GRIN.

By the way, have I mentioned - lately - how much I utterly mock-despise Theymos for putting GRIN on my radar ?

I really don't want to deal with managing a miner again - too many other creative endeavors I am pursuing right now, and this GRIN shit is a total fucking distraction.

Sheeeeit.

Are 2080 Ti worth it cost/performance wise (relative to other cards)?

And what do you mean by managing a miner? Did you run into repeated problems in the past?

I set my farm up and then never really touched it again until running costs exceeded mining revenue. Took out a GPU here or there to fix some of my own and family/friend computers, but that was about it other than very rare instances of updating drivers to improve hashrate.

If my miners weren't disassembled and in another geographical location I'd be setting them up for GRIN, just because why not. Don't think I would specifically invest in miners for this though, not with Bitcorn at/near bottom and with GRIN still far from its inflation induced bottom.

GPU mining was more of a pain in the ass in previous eras. SHA256 (Bitcoin) and Script (Litecoin, etc) mining produced tons of heat and used a lot of power, which required more thermal and electrical management, and led to lots of burned out fans and GPUs. And there were no USB stick mining OSs until around 2015.

Also, when mining bitcoin 8 years ago, the typical GPU fans and heatsinks were nowhere near the quality of today's.

Today, with better GPU cooling, better mining and rig management software, and the emphasis on lower power consumption algorithms, mining is easier and less time consuming than ever.

[El duderino_]

https://medium.com/lightningto-me/practical-solutions-to-inbound-capacity-problem-in-lightning-network-60224aa13393

[El duderino_]

Would you guys stop clowning around and just start buying again? Sheesh.

^{(Must I do everything around here myself?)}

brother torque i did mention

https://bitcointalk.org/index.php?topic=178336.msg49498937#msg49498937
^some small sized increasing from me as well.....

[El duderino_]

https://twitter.com/WhalePanda/status/1090635825757458432

again, EXF***INGACTLY!!!!!!

[El duderino_]

I was just referring to a bit of a bitcoiner trend in the carnivore arena.. .that's all.

I certainly did not see any bad intentions, I thought it just  to be a small joke.... nothing wrong with that

[cAPSLOCK]

https://i.imgur.com/jduepjX.png

We follow the path to close the red leg.

But I think the movement towards it will be slow and choppy. We will probably not have the luxury of one quick fat capitulation spike down.

Hearkening back to all those times, and wishing for them... exemplifies the existence of an battle scarred bitcoin OG.

[Ibian]

^^
Hilarious and actualy my GF stopped with eating meat and I am following her trend already for a +- 2 months now

It's commendable!! I think someday people stop eating meat.

Never going to happen.

The problem isn't eating meat either, the problem lies in the draconian conditions in which most animals that are raised for human consumption live.

This is partially countered with true free range, which costs more (as it should, supermarket meat is too cheap). And the problem is fully countered with lab grown meat, which is just around the corner.

If you care about animals buy meat, eggs and dairy from suppliers that let their animals live naturally without restrictions. That funnels money away from battery farming cunts and supports animal welfare by providing genuine farmers with more funds.


This is what vegetarians and vegans should really be doing (unless they genuinely hate the taste of meat), as it would clearly signal the markets to invest into animal welfare over cutting costs by any means available. The end destination of this path is real meat with no bloodshed.
Meanwhile the end destination of veganism is the near complete to complete extinction of life stock that can not possibly live in nature as there would be no incentive to raise it.

I care about what kind of meat tastes better and is more nutritional.

They are products. Literal lambs for the slaughter. No need to be senselessly cruel, but human diet comes first.

It also needs to be as affordable as possible.

[BitcoinGirl.Club]

I was just referring to a bit of a bitcoiner trend in the carnivore arena.. .that's all.

I certainly did not see any bad intentions, I thought it just  to be a small joke.... nothing wrong with that

🤣😂�

[BitcoinGirl.Club]

Watch this video: https://youtu.be/mls7cvQjCRE

Explaining halving theory.

"Bull markets are born on pessimism, grow on skepticism, mature on optimism, and die on euphoria."
https://twitter.com/AlecZiupsnys/status/1090243766508834816/photo/1

[cAPSLOCK]

It is worth noting the converse is NOT always true.  See CSW.

[El duderino_]

https://i.imgur.com/jduepjX.png

We follow the path to close the red leg.

But I think the movement towards it will be slow and choppy. We will probably not have the luxury of one quick fat capitulation spike down.

Hearkening back to all those times, and wishing for them... exemplifies the existence of an battle scarred bitcoin OG.

unleash the BULLS or no unleash the kraken!!!! For buying

[StartupAnalyst]

[BTCMILLIONAIRE]

^^
Hilarious and actualy my GF stopped with eating meat and I am following her trend already for a +- 2 months now

It's commendable!! I think someday people stop eating meat.

Never going to happen.

The problem isn't eating meat either, the problem lies in the draconian conditions in which most animals that are raised for human consumption live.

This is partially countered with true free range, which costs more (as it should, supermarket meat is too cheap). And the problem is fully countered with lab grown meat, which is just around the corner.

If you care about animals buy meat, eggs and dairy from suppliers that let their animals live naturally without restrictions. That funnels money away from battery farming cunts and supports animal welfare by providing genuine farmers with more funds.


This is what vegetarians and vegans should really be doing (unless they genuinely hate the taste of meat), as it would clearly signal the markets to invest into animal welfare over cutting costs by any means available. The end destination of this path is real meat with no bloodshed.
Meanwhile the end destination of veganism is the near complete to complete extinction of life stock that can not possibly live in nature as there would be no incentive to raise it.

I care about what kind of meat tastes better and is more nutritional.

They are products. Literal lambs for the slaughter. No need to be senselessly cruel, but human diet comes first.

Battery farmed meat tastes like nothing. It's almost exclusively water.

If you care about taste you care about animal welfare by transitivity, as free ranging and a proper diet directly translate into tastier meat.

There's a reason why a steak of Iberico pork tastes as if it was fried in nut oil, namely because they've been eating nothing but nuts throughout their whole life. Similarly, animals that ate the garbage that they are fed in battery farms without ever getting to move around taste like garbage.

And once it comes to lab meat there won't be any limit to taste experiences that could be crafted that were never before possible, e.g. mix and matching different types of meats and adjusting their flavour profile as if the animals were fed certain diets will become a thing in due time.


There is no argument for battery farms other than cost and profit.
The cost argument doesn't hold as lab meat is ultimately going to be cheaper by so many orders of magnitude that not funding it can't be called anything but retarded. And the profit argument, well. Should people and animals suffer so some twat can make a few more dollars?
It's pretty clear that battery farms are a net negative today, more people could be fed without them, they make animals suffer throughout their entire lifetime, they fuck the environment, the produce is shit tier, they make humans sick and/or immune to antibiotics, etc.

[BitcoinGirl.Club]

LOL stop murdering old schools 😁

[BTCMILLIONAIRE]

Being woken up @ 4am to a bunch of Antminers beeping because there is no Internet connection was not pleasant.

Fair enough, I never allowed miners to interrupt my sleep. I'd rather lose some money than my sanity.

GPU mining was more of a pain in the ass in previous eras. SHA256 (Bitcoin) and Script (Litecoin, etc) mining produced tons of heat and used a lot of power, which required more thermal and electrical management, and led to lots of burned out fans and GPUs. And there were no USB stick mining OSs until around 2015.

Also, when mining bitcoin 8 years ago, the typical GPU fans and heatsinks were nowhere near the quality of today's.

Today, with better GPU cooling, better mining and rig management software, and the emphasis on lower power consumption algorithms, mining is easier and less time consuming than ever.

I do remember frying one of my cards some 5-6+ years ago, which put me off from trying again for quite a while. Completely forgot how much of a PITA mining used to be compared to nowadays.