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

[Biodom]

Something that I did not know before: apparently, Laslo Hanyecz (the man who bought pizza for 10000 btc in 2010) is ALSO the man behind the first GPU-mining algorithm (in May 2010), which he released in the open (instead of mining with GPU for himself first). I wasn't around then, so I don't know how much each GPU was outperforming CPUs (maybe 10-fold), but with GPU, you can run them in parallel, so people run 6-8 GPUs on one CPU, greatly increasing computation. Man had mined at least 100K BTC.
https://bitcoinmagazine.com/articles/the-man-behind-bitcoin-pizza-day-is-more-than-a-meme-hes-a-mining-pioneer/

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[nanobtc]

Hello WO thread!

One of the regulars here said I should stop by and say hello.  I'll be honest though some of you lot scare the shit out of me!!!

Welcome.

Step 1: /ignore r0ach
Step 2: JayJuanGee will burn up your life. Only read every fourth word, and you will live longer!

[jojo69]

yup

laszlo wrote the first GPU miner

https://bitcointalk.org/index.php?topic=109.msg911#msg911

[GreatArkansas]

efecini

[Biodom]

efecini

Everyone should be entitled to their opinion, granted, and here is mine: he/she draws two lines with btc spending 90-95% of time in between, but, somehow, in projection, btc is mostly hanging out outside of the lines.
Why is that?

[Lambie Slayer]

so what will the next big FUD be? they seem to be out of ammo these days.

[Biodom]

so what will the next big FUD be? they seem to be out of ammo these days.

the next FUD is a state actor being rumored to throw support behind ... (some freakish alt).

[VB1001]

https://twitter.com/kanzure/status/1133205044545970177

https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2019-May/016994.html

https://arxiv.org/abs/1905.10518

Good morning WO,s

[Lambie Slayer]

https://www.nytimes.com/2019/05/26/us/politics/ufo-sightings-navy-pilots.html

So was it aliens buying up all the coins? Institutions coming from another planet. Intergalactic bonuses?

[nikauforest]

China legalises holding Bitcoin - ICO's still illegal.

https://www.fxstreet.com/cryptocurrencies/news/china-legalizes-holding-bitcoins-and-p2p-otc-trading-201905280445?utm_source=tradingview&utm_medium=rss&utm_campaign=254b9d70-7c4b-481b-a94e-aaac0c60ed14

[AlcoHoDL]

Something that I did not know before: apparently, Laslo Hanyecz (the man who bought pizza for 10000 btc in 2010) is ALSO the man behind the first GPU-mining algorithm (in May 2010), which he released in the open (instead of mining with GPU for himself first). I wasn't around then, so I don't know how much each GPU was outperforming CPUs (maybe 10-fold), but with GPU, you can run them in parallel, so people run 6-8 GPUs on one CPU, greatly increasing computation. Man had mined at least 100K BTC.
https://bitcoinmagazine.com/articles/the-man-behind-bitcoin-pizza-day-is-more-than-a-meme-hes-a-mining-pioneer/

I wasn't aware of that, either... There's a term for mocking someone that was involved in Bitcoin early on, but never became rich out of it: bitshaming.

I do believe these guys have received generous donations in BTC from several lucky whales who became aware of their stories. IIRC, Andreas Antonopoulos has received donations of more than 100 BTC.

And rightly so. We all owe these guys. These are the pioneers that pushed the Bitcoin movement to the masses, while often ending up poor (or not as rich as they could have been). If I was a whale I would surely send some coins to them.

[GreatArkansas]

~snip
efecini

Everyone should be entitled to their opinion, granted, and here is mine: he/she draws two lines with btc spending 90-95% of time in between, but, somehow, in projection, btc is mostly hanging out outside of the lines.
Why is that?

Because for him, new ATH will happen after every halvening and maybe, since the yellow trendline broke below, he considered it as a resistance before breaking it on 3rd halvening.

[JayJuanGee]

Hello WO thread!

One of the regulars here said I should stop by and say hello.  I'll be honest though some of you lot scare the shit out of me!!!

Welcome.

Step 1: /ignore r0ach
Step 2: JayJuanGee will burn up your life. Only read every fourth word, and you will live longer!

What about pics (memes)?  I post those, too.  Look at every 4^th one?



Some WO peeps are "pure", ridiculous.     Case in point:  nanobtc.  

[Paashaas]

Hello WO thread!

One of the regulars here said I should stop by and say hello.  I'll be honest though some of you lot scare the shit out of me!!!

Welcome.

Step 1: /ignore r0ach.
Step 2: JayJuanGee will burn up your life. Only read every fourth word, and you will live longer!

You forgot Bcasher Jbreher at step 1.

[VB1001]

Hello WO thread!

One of the regulars here said I should stop by and say hello.  I'll be honest though some of you lot scare the shit out of me!!!

Welcome !!!

As the price of BTC increases, the movement in WO also increases.

Good signal.

[ProfTP]

still hovering on the levels of the last rise.

this is looking stable, it doesnt want to go down

solid level for the next rise

SUMMER OF PUMP 2019 coming

[Lambie Slayer]

Who is selling, no dips allowed

[LFC_Bitcoin]

still hovering on the levels of the last rise.

this is looking stable, it doenst want to go down

solid level for the next rise

SUMMER OF PUMP 2019 coming

Do you think?
I’d rather we had a slow, steadier rise than last time, at least until we reach the halving.

I’m not in the mood for an unsustainable, parabolic rise now if we’re just going to get a major correction again.

I’ve tried to meticulously plan what I’m going to do this time but I’m not really prepared for any kind of selling, at least mentally, until the end of 2020 at the earliest.

Bitcoin will do what it wants to do though so I guess we must be prepared for all scenarios.
I really think 2021 is the time we’ll see fireworks though in this cycle. I think it’s far too early to expect a new ATH this summer.

[MrFreeRoMan]

... we must be prepared for all scenarios.

Bitcoin has now come closer to breaking above [D], which coincides with $9,948.12. But the cryptocurrency’s ultimate goal, at this point, is to retest , which is lurking anywhere between $11,238.48 and $11,779.67.

https://www.ccn.com/bullish-technical-signal-bitcoin-12000

[Yaplatu]

New ATH (In addresses holding at least 0.1 BTC)

Source Twitter : @nic__carter