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

[VB1001]

In case there is any doubt.

https://bitinfocharts.com/comparison/bitcoin-hashrate.html

[1713999472]

1713999472

[1713999472]

1713999472

[bitserve]

In case there is any doubt.

https://bitinfocharts.com/comparison/bitcoin-hashrate.html

The only explanation is that less efficient miners have been gradually replaced by more efficient ones and/or some people are investing in mining as a way to acquire Bitcoin without raising the price (directly -exchanges- or indirectly -OTC-) even if that means mining without profit or even at a slight loss.

Also it is possible that the price decline has forced many miners to make better deals both in hardware acquisition and electric supply. Bear periods are great for forcing the less efficient enterprises out of the market and the fitter ones survive ahead of the next bull run. It happens in all markets.

[VB1001]

^
And the hash of the 2 shitcoins, is the most beautiful of the graph.

[Ibian]

I don’t understand how basic stuff like not polluting rivers is the craziest thing you have ever witnessed.  And not sure why it would lead to the downfall of the USA.  But ok.

It really is a shame that communists cloak themselves in these sorts of good intentions because we all want clean air and rivers, obviously, only a psycho wouldn't. It's such an effective trogen horse for them because it's obviously a good thing and it's very difficult to imagine how to accomplish it without empowering the state. So if empowering the state is your aim it makes a lot of sense to ride in the Trojan horse of environmentalism. It's kind of an all communists are environmentalists but not all environmentalists are communists sort of thing... (of course not literally all, just almost all)

If you go around the wealthier suburbs of the big cities, you will find many people with strong environmental values.  These people are business owners, executives and otherwise highly successful members of capitalist society.  They shop at Whole Foods, ride expensive Italian bicycles and separate their recyclables.

They are also about as far removed from communists as you can get.  So I don't really accept your premise.  

The difference is that you are a liar. You pretend to care about the environment in order to grow the state.

[VB1001]

Hester Peirce > Crypto Mom BTC

SEC Commissioner Hester Peirce, aka Crypto Mom, Remains Bullish About Bitcoin ETF Future

"As I have mentioned in the past, I am concerned that our approach with respect to such products borders on merit-based regulation, which means that we are substituting our own judgment for that of potential investors in these products. We rightfully fault investors for jumping blindly at anything labelled crypto, but at times we seem to be equally impulsive in running away from anything labelled crypto."

https://bitcoinexchangeguide.com/sec-commissioner-hester-peirce-aka-crypto-mom-remains-bullish-about-bitcoin-etf-future/


Sep/2017

New SEC Commissioner Hester Peirce Note Says Bitcoin 50+ Times, Suggests SEC Embraces Crypto Innovation

https://bitcoinexchangeguide.com/new-sec-commissioner-hester-peirce-note-says-bitcoin-50-times-suggests-sec-embraces-crypto-innovation/

[Arriemoller]

Ibian, did you stop trading bitcoin when the bank asked you to open a business account? Or did you get a business account?

[Cryptotourist]

In case there is any doubt.

https://bitinfocharts.com/comparison/bitcoin-hashrate.html

The only explanation is that less efficient miners have been gradually replaced by more efficient ones and/or some people are investing in mining as a way to acquire Bitcoin without raising the price (directly -exchanges- or indirectly -OTC-) even if that means mining without profit or even at a slight loss.

Also it is possible that the price decline has forced many miners to make better deals both in hardware acquisition and electric supply. Bear periods are great for forcing the less efficient enterprises out of the market and the fitter ones survive ahead of the next bull run. It happens in all markets.

ftfy

[ðºÞæ]

In case there is any doubt.

https://bitinfocharts.com/comparison/bitcoin-hashrate.html

Lets revisit the hashing once the LN altcoin is fully operational and legacy support is stopped.  Not only will it be another split one part supporting LN (environment) to other legacy mining. Hashing will nosedive as LN is the main part. In case someone delusional enough to think it will not be the case legacy will fork again,  one with changed max supply and the smaller fraction remain with max 21M. Of course long before, if Bitcoin does not implement WimbleMimble another forking is guarantied.

The armageddon started with the segwit hardfork.   Banking cartels old divide and conquer strategy.

Edit:
Last couple of months hashrate has stabilized.
https://i.ibb.co/yNDTBsg/Untitled.png

[bitserve]

In case there is any doubt.

https://bitinfocharts.com/comparison/bitcoin-hashrate.html

The only explanation is that less efficient miners have been gradually replaced by more efficient ones and/or some people are investing in mining as a way to acquire Bitcoin without raising the price (directly -exchanges- or indirectly -OTC-) even if that means mining without profit or even at a slight loss.

Also it is possible that the price decline has forced many miners to make better deals both in hardware acquisition and electric supply. Bear periods are great for forcing the less efficient enterprises out of the market and the fitter ones survive ahead of the next bull run. It happens in all markets.

ftfy

Uh? I have purposely ignored the Bcash graph as it is meaningless... I am only talking about the Bitcoin current rise in hashrate.

[Cryptotourist]

I'm sorry, I got it the other way.
Like Bitcoin Cash decreasing hashrate compared to BTC, is some what normal for that to happen.
Or like there is a future for BCHABSVOmega. There is not.

[Ibian]

Ibian, did you stop trading bitcoin when the bank asked you to open a business account? Or did you get a business account?

They want nothing at all to do with cash that comes from in-person sales. And they assume it all does because why not.

Other than waiting for people who want to sell, my only option is a bitcoin atm, and there is none nearby.

[Arriemoller]

Ibian, did you stop trading bitcoin when the bank asked you to open a business account? Or did you get a business account?

They want nothing at all to do with cash that comes from in-person sales. And they assume it all does because why not.

Other than waiting for people who want to sell, my only option is a bitcoin atm, and there is none nearby.

Ok, just curious.

I see there is a atm in CPH, can't you just go there?

[Arriemoller]

This is how I spend my sunday, watching old DDR and other movies with marches. Yes I like marches.
https://www.youtube.com/watch?v=WNMepc8l2ck

[bitserve]

Ibian, did you stop trading bitcoin when the bank asked you to open a business account? Or did you get a business account?

They want nothing at all to do with cash that comes from in-person sales. And they assume it all does because why not.

Other than waiting for people who want to sell, my only option is a bitcoin atm, and there is none nearby.

They simply don't want to do anything with cash that you can't prove come from a legit business with all the right paperwork (invoices, etc). That is common knowledge since many years ago. The fact that it is coming from in person crypto sales just makes it even worse.

From your comment you mean there's more people wanting to buy than to sell in localbitcoins?

[Ibian]

Ibian, did you stop trading bitcoin when the bank asked you to open a business account? Or did you get a business account?

They want nothing at all to do with cash that comes from in-person sales. And they assume it all does because why not.

Other than waiting for people who want to sell, my only option is a bitcoin atm, and there is none nearby.

Ok, just curious.

I see there is a atm in CPH, can't you just go there?

Yes, but a train ticket there and back is almost $200. Which means I would have to exchange at least $20000 or so, depending on fees (unknown at this time) to make it worthwhile.

[Last of the V8s]

[Ibian]

Ibian, did you stop trading bitcoin when the bank asked you to open a business account? Or did you get a business account?

They want nothing at all to do with cash that comes from in-person sales. And they assume it all does because why not.

Other than waiting for people who want to sell, my only option is a bitcoin atm, and there is none nearby.

They simply don't want to do anything with cash that you can't prove come from a legit business with all the right paperwork (invoices, etc). That is common knowledge since many years ago. The fact that it is coming from in person crypto sales just makes it even worse.

From your comment you mean there's more people wanting to buy than to sell in localbitcoins?

Yeah I'm having to turn people down. Even old reliable contacts. It's not good for anyone, but there it is.

[bitserve]

Ibian, did you stop trading bitcoin when the bank asked you to open a business account? Or did you get a business account?

They want nothing at all to do with cash that comes from in-person sales. And they assume it all does because why not.

Other than waiting for people who want to sell, my only option is a bitcoin atm, and there is none nearby.

They simply don't want to do anything with cash that you can't prove come from a legit business with all the right paperwork (invoices, etc). That is common knowledge since many years ago. The fact that it is coming from in person crypto sales just makes it even worse.

From your comment you mean there's more people wanting to buy than to sell in localbitcoins?

Yeah I'm having to turn people down. Even old reliable contacts. It's not good for anyone, but there it is.

But for us hodlers it looks like a good sign that there is more people wanting to buy than to sell even if it is just in localbitcoins. I assume it has not always been like that, right?

[LFC_Bitcoin]

Grin listed in Bittrex.

https://twitter.com/BittrexIntl/status/1094178101284794368

Excellent!
I might actually buy some now when as expected it goes a little lower.

[Ibian]

Ibian, did you stop trading bitcoin when the bank asked you to open a business account? Or did you get a business account?

They want nothing at all to do with cash that comes from in-person sales. And they assume it all does because why not.

Other than waiting for people who want to sell, my only option is a bitcoin atm, and there is none nearby.

They simply don't want to do anything with cash that you can't prove come from a legit business with all the right paperwork (invoices, etc). That is common knowledge since many years ago. The fact that it is coming from in person crypto sales just makes it even worse.

From your comment you mean there's more people wanting to buy than to sell in localbitcoins?

Yeah I'm having to turn people down. Even old reliable contacts. It's not good for anyone, but there it is.

But for us hodlers it looks like a good sign that there is more people wanting to buy than to sell even if it is just in localbitcoins. I assume it has not always been like that, right?

It's always been like this for me, but then again my country is small. May not represent the global situation.