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September 18, 2019, 12:04:00 AM *
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Question: Sept. 21 Closing Price:
$0 - 3 (3.8%)
<$8,000 - 4 (5%)
$8,000-$8,500 - 1 (1.3%)
$8,500-$9,000 - 1 (1.3%)
$9,000-$9,500 - 2 (2.5%)
$9,500-$10,000 - 5 (6.3%)
$10,000-$10,500 - 15 (18.8%)
$10,500-$11,000 - 15 (18.8%)
$11,000-$11,500 - 17 (21.3%)
$11,500-$12,000 - 5 (6.3%)
>$12,000 - 7 (8.8%)
>$20,000 - 5 (6.3%)
Total Voters: 80

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21366634 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (106 posts by 21 users deleted.)
JayJuanGee
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How much alt coin diversification is needed? 0%?


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June 29, 2019, 08:14:29 AM

You think the present day power consumption of Bitcoin can increase by two orders of magnitude?  HAHAHAHAHA.

Over time the block rewards will decline and miners will also actually use less power but the cost for the hardware will probably be more of a factor than the cost of power at some point.   However when it comes to the amount of power that can be used ... considering that current world's power requirements could be handled with less than 120,000 sq km of solar panels ... at growth of 100x power use for bitcoin over the next 100 years won't be an issue.   Like metals, energy is actually in abundance, we just haven't had the technology in place to use it.   (120k sq km is about 0.024% of the earth's surface area, I just showing how little of our available power we actually use.  Solar is only one technology, fusion based power plants could exist 100 years from now.)  

A few years ago I really thought power would be a problem, but then I started doing some computations.   Energy isn't the issue, technology and politics are the issues.   However since bitcoin depends more on networks than location, politics can be bypassed.
Ok but I think nobody cares about the price in one century or even 2 or 3 decades. We are talking about the price in few years/months here.

I am planning to be dead in about 3-5 decades (and that is being very charitable regarding my longevity)...

So, yeah, starting to cash out some in a few years might be a good plan.. .that way can enjoy some of it.. and spread it to some others.

I saw a few studies of demographics of people entering bitcoin: young people in their 20’ s looking at crypto’s to invest their little savings: crypto can be to generation alpha (post 2000) what stock market has been to baby boomers.
Well your point is also interesting: early bitcoin adopters probably were in their 30’s. So their hodl won’t be indefinite, but they will start cashing out sooner or later. Also because they DO HODL massive amounts of Coins.

Depending on our level of confidence, we can cash out in large chunks or incrementally... like my plan to cash out 1% per quarter.

However, if I have some emergency issues, I might feel it necessary to cash out more.  My cashing out will probably not be price dependent because I have a lot of cushion; however, my opinion now could be changed if I become no longer an accumulator and maintainer, but instead someone who is either regularly cashing out with a kind of passive income or if I also chose to delve deeper into cashing out some of the principle, too.

In either event, I still consider my beginning any kind of cashing out, whether lighter or heavier, to be at minimum a few years away... and most likely would start out as a kind of light and incremental cashing out rather than the heavier possible cashing out variation.
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micgoossens
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BTFD, on to 15K a coin !!!!


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June 29, 2019, 08:16:11 AM

via Imgflip Meme Generator

Sweet 7’s Smiley
jbreher
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June 29, 2019, 08:40:08 AM

Does anyone want to have a local copy of this thread? I could compress all pages into a downloadable file, so you can search the raw HTML for old posts.

How big would that be? Put it in the BSV blockchain, they have gigabyte blocks. The only other thing there are weather stuff.

Don't mean to get technical on you all the sudden by I was looking into it the other day and as of right now its only possible to cram 100 KB of data into a single BSV transaction (or 4 JJG posts -- sorry JJG, you know I'm still a fan).

BSV has long had widely-distributed tools to split larger files into multiple txs, and concatenate them upon retrieval into original large files.

I would prefer my posts to not be broken up, otherwise they might be read out of context.  PLEASE tell craig.

I'm not in regular contact with Craig, so will be unable to pass along your request.

That said, these tools surrounding the SV protocol are standalone items created by unrelated individuals. So Craig is not involved in these. What's more, nChain is not involved. See, SV is a wonderously rich ecosystem of scads of unrelated parties all building atop Bitcoin.

Further, perhpas you missed where I clearly stated "... concatenate them upon retrieval into original large files"
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June 29, 2019, 09:18:48 AM

Seriously jbreher, don't you ever get tired of this shit?
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June 29, 2019, 09:21:34 AM

Does anyone want to have a local copy of this thread? I could compress all pages into a downloadable file, so you can search the raw HTML for old posts.

How big would that be? Put it in the BSV blockchain, they have gigabyte blocks. The only other thing there are weather stuff.

Don't mean to get technical on you all the sudden by I was looking into it the other day and as of right now its only possible to cram 100 KB of data into a single BSV transaction (or 4 JJG posts -- sorry JJG, you know I'm still a fan).

BSV has long had widely-distributed tools to split larger files into multiple txs, and concatenate them upon retrieval into original large files.

I heard somewhere (I only come here lol) they also have backup servers to roll back any crap.

So might just be wasted money, unless maybe to demonstrate the centralisation (that no one doubts anyway)


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June 29, 2019, 09:25:52 AM

There's some comedy gold unfolding in the courtroom right now.

This lady has been doing an excellent job in live tweeting CSW's court case.

"Craig was very emotional and cried a couple times during the hearing"

https://twitter.com/KatieAnanina/status/1144649657710022658

"Some highlights:
Are you satoshi? - yes
Do you recognize this White Paper? - I wrote it
Why did you leave BTC and disassociated with Satoshi? - My invention was used for bad things *crying*.  They created #silkroad and #hydra. It was used to fund child pornography"

https://twitter.com/KatieAnanina/status/1144653512527273986

"I was ashamed of my invention"
-Craig S Wright
#faketoshi

https://twitter.com/KatieAnanina/status/1144660285283864576

"CSW just threw in the air a hard version of an exhibit. He is getting emotional😬"

https://twitter.com/KatieAnanina/status/1144664561196445696

"CSW keeps not answering questions regarding the exhibits and respond with a question back. Playing with words a lot. The judge announced 5 minutes break and advices Craig's lawyer to talk to her client about the way he answers questions."

https://twitter.com/KatieAnanina/status/1144666525237940225

Last tweet was 45 minutes ago... Maybe the court silenced tweeting... (if that's a thing)

Also, per another person in the court room, Craig said:

- he doesn't care about bitcoin
- to "save his soul," he's waiting for bitcoin to go really high so he can sell it to fund educational programs
- he doesn't have the BTC addresses because "Due to the way it was set up with the trust, Dave using anon sources to exclude Craig from knowing, as instructed by Craig."

Can they ask him why he said the other day about the first time he READ the whitepaper
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June 29, 2019, 09:47:19 AM



I swear to god [...] the same endgame in play if Trump wins a 2nd term here in the USA. (Good to have goals) Sad


We'll be following the presidential run and your reaction...
Globb0
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June 29, 2019, 09:50:38 AM

There is some evidence (or at least I read about it) that there are about 1 mil btc in the trust.
Not sure if it is correct or not, but if it is incorrect, then these Florida proceedings make no sense.

I for one have not read of one single thing that points to this trust existing in any form whatsoever. There's never been any indication that Satoshi's coins are anything but a  dormant mystery and no amount has ever been established.

I always presumed these proceedings made no sense from the start. It will dawn on everyone having their time wasted soon enough. Since it's civil I assume anyone can accuse anyone of anything as long as they have a bit of money to get rolling.

I thought it was around this whole CSW came and took a wallet file after Dave was dead ? whatever you do don't delete this file blah blah
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June 29, 2019, 09:51:24 AM

That said, these tools surrounding the SV protocol



Sorry, couldn't help myself. Its just what comes to mind.

Can they ask him why he said the other day about the first time he READ the whitepaper

I already know the answer he would give: it was a joke. Maybe it was, maybe it wasn't.
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June 29, 2019, 09:57:07 AM


You braindead, idiot scammers in this thread have NEVER once explained how the price of Bitcoin can go to $500k or even $50k while cost of production is $3-6k.  Nobody would ever buy a coin for $500k when they can simply mine one for $3-6k instead.  And mining CAN'T expand by an order of magnitude to drag cost of production up or it would use more power than the entire United States.  The crypto pump and dump scam seriously is butting up against the limits of the natural world now but that sure doesn't stop you scammers from posting complete bullshit 24 hours a day.

You are forgetting the reward halving, this alone can make the price double without any  extra power needed.

Also, miners can get more efficient in future and use wasted energy., Energy is largely wasted nowadays, because of using peaks (think about nuclear and hydroelectric i.e.)

As today a fast-growing price will only push miners to build more facilities and even turn on older machines until they are not profitable again, we have already seen it. Industry can still grow very fast, and energy is (for now and for the foreseeable future) not an issue at all.

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June 29, 2019, 10:04:55 AM

Btw Micg is emotional.... gotta pick up my queen in a few hours from now !!!!!

the 2 primary emotions of a man are hunger and horniness.  Grin

Haha waiting at the AirPort as we write Cheesy

2 emotions taking care of today Cheesy

This weekend you will have a lot of work and you'll sleep a little.
You know, eat, drink,.... Wink
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June 29, 2019, 10:06:58 AM
Last edit: July 01, 2019, 09:05:35 AM by fillippone
Merited by vapourminer (1)

It's time for a Wall Observer Meta Post!
Sorry to repeat the post, I didn't think I posted only hours before LoyceV updating his merit files.
I just wanted to do so because.. YES! I'm now Full Member on WO Thread!


What if WO were Bitcointalk?
So basically what happens considering only the merits awarded on WO thread?
How many Legendary Users?  How many Heroes?

Thanks to my very basic Data management Skill and LoyceV data, I manage to pull out the following very unuseful statistic:
OF course the heatwave over Europe prevented me on smartly compute WO activity, so I am basing on Merits only.

WOLegendary    4
WOHero            6
WOSr. Member    13
WOMember    35



Who's who on WO?

MERIT RECEIVERS:

Here the first 100 WO family members.
   1       micgoossens      1660   
   2       Last of the V8s      1556   
   3       HairyMaclairy      1113   
   4       xhomerx10      1097   
   5       Toxic2040      891   
   6       BobLawblaw      847   
   7       jojo69      747   
   8       infofront      690   
   9       JayJuanGee      620   
   10       LFC_Bitcoin      545   
   11       Torque      490   
   12       d_eddie      480   
   13       bitserve      470   
   14       VB1001      377   
   15       Paashaas      358   
   16       gentlemand      343   
   17       kenzawak      330   
   18       Globb0      298   
   19       Elwar      293   
   20       cAPSLOCK      285   
   21       mindrust      276   
   22       mfort312      276   
   23       JimboToronto      263   
   24       BTCMILLIONAIRE      247   
   25       goldkingcoiner      247   
   26       Raja_MBZ      241   
   27       Rosewater Foundation      231   
   28       jbreher      220   
   29       kurious      219   
   30       ivomm      213   
   31       Biodom      211   
   32       Lambie Slayer      205   
   33       TERA2      194   
   34       realr0ach      192   
   35       Ibian      180   
   36       bones261      175   
   37       Phil_S      172   
   38       Kylapoiss      169   
   39       600watt      161   
   40       Icygreen      158   
   41       vroom      156   
   42       marcus_of_augustus      152   
   43       kingcolex      152   
   44       yefi      146   
   45       Hueristic      138   
   46       Wekkel      136   
   47       nutildah      130   
   48       toknormal      129   
   49       StartupAnalyst      128   
   50       JSRAW      123   
   51       Arriemoller      122   
   52       Anon136      121   
   53       Spaceman_Spiff_Original      116   
   54       Pamoldar      116   
   55       kirreev070      107   
   56       fillippone      106   
   57       Cryptotourist      105   
   58       BinaryReign      105   
   59       vapourminer      97   
   60       bitcoinPsycho      97   
   61       explorer      95   
   62       Bitcoinaire      93   
   63       AlcoHoDL      84   
   64       Cryptoqueeen      81   
   65       Searing      80   
   66       serveria.com      78   
   67       lightfoot      76   
   68       STT      71   
   69       cryptjh      68   
   70       Gyrsur      68   
   71       somac.      67   
   72       pacman7331      66   
   73       HI-TEC99      66   
   74       sirazimuth      65   
   75       Totscha      64   
   76       cannycassiopeia      64   
   77       BlindMayorBitcorn      64   
   78       conspirosphere.tk      63   
   79       Majormax      59   
   80       bitebits      58   
   81       crypmike      58   
   82       DeathAngel      58   
   83       nanobtc      57   
   84       Karartma1      56   
   85       suchmoon      55   
   86       strawbs      54   
   87       Samarkand      54   
   88       theymos      53   
   89       FractalUniverse      53   
   90       rolling      51   
   91       RayX12      50   
   92       RoomBot      48   
   93       encycrypto      48   
   94       fluidjax      48   
   95       Speculatoross      47   
   96       ErisDiscordia      47   
   97       fabiorem      46   
   98       BitcoinNewsMagazine      46   
   99       gembitz      46   
   100       thisisntbic      44   
                              

EDIT:

TOP MERIT SENDERS:
   1       JayJuanGee      2129   
   2       BobLawblaw      1813   
   3       micgoossens      1136   
   4       bones261      995   
   5       LFC_Bitcoin      990   
   6       infofront      952   
   7       Last of the V8s      760   
   8       Globb0      680   
   9       xhomerx10      673   
   10       jbreher      667   
   11       vapourminer      575   
   12       mindrust      567   
   13       HairyMaclairy      544   
   14       cAPSLOCK      537   
   15       marcus_of_augustus      502   
   16       600watt      481   
   17       Toxic2040      407   
   18       jojo69      366   
   19       Torque      339   
   20       Paashaas      315   
   21       QuestionAuthority      311   
   22       Hueristic      259   
   23       d_eddie      254   
   24       bitserve      245   
   25       yefi      240   
   26       BlindMayorBitcorn      209   
   27       Ibian      204   
   28       Wekkel      204   
   29       kurious      202   
   30       gentlemand      201   
   31       ErisDiscordia      198   
   32       bitebits      186   
   33       VB1001      183   
   34       RoomBot      180   
   35       kenzawak      179   
   36       Karartma1      174   
   37       Dabs      173   
   38       suchmoon      162   
   39       explorer      152   
   40       Raja_MBZ      147   
   41       Gyrsur      142   
   42       Dunkelheit667      137   
   43       mfort312      137   
   44       JimboToronto      137   
   45       BTCMILLIONAIRE      116   
   46       edgar      115   
   47       Pamoldar      114   
   48       Searing      111   
   49       goldkingcoiner      110   
   50       Rosewater Foundation      109   
   51       kingcolex      104   
   52       Lambie Slayer      101   
   53       ssmc2      100   
   54       Arriemoller      100   
   55       PoolMinor      99   
   56       Majormax      99   
   57       xyzzy099      97   
   58       ivomm      97   
   59       nutildah      92   
   60       tonyq      87   
   61       julian071      86   
   62       Biodom      83   
   63       P_Shep      82   
   64       conspirosphere.tk      82   
   65       Kylapoiss      80   
   66       Icygreen      76   
   67       RayX12      73   
   68       sirazimuth      73   
   69       fillippone      73   
   70       lightfoot      72   
   71       Elwar      71   
   72       criptix      71   
   73       Phil_S      69   
   74       vroom      68   
   75       DeathAngel      63   
   76       StartupAnalyst      58   
   77       JSRAW      56   
   78       Anon136      56   
   79       empowering      55   
   80       Cryptotourist      55   
   81       rolling      52   
   82       bitcoinPsycho      52   
   83       sammy007      50   
   84       Jayjay04      50   
   85       soullyG      49   
   86       FractalUniverse      48   
   87       STT      47   
   88       mymenace      46   
   89       MrFreeRoMan      45   
   90       AlexGR      43   
   91       Bitcoinaire      42   
   92       afbitcoins      40   
   93       Totscha      39   
   94       nanobtc      38   
   95       fabiorem      37   
   96       MirkoIta      36   
   97       crypmike      36   
   98       serveria.com      36   
   99       somac.      35   
   100       AlcoHoDL      34   
                              


Summing up the TWO charts: Merit Balance calculated as Received Merits/2- Sent merits.

I think top20 and bottom 20 are relevant

TOP20

   POS      Username      TO      FROM      BALANCE   
   1       TERA2      194      10      87   
   2       realr0ach      192      12      84   
   3       Elwar      293      71      75.5   
   4       Spaceman_Spiff_Original      116      13      45   
   5       Toxic2040      891      407      38.5   
   6       cannycassiopeia      64      1      31   
   7       pacman7331      66      6      27   
   8       kirreev070      107      28      25.5   
   9       cryptjh      68      9      25   
   10       BinaryReign      105      29      23.5   
   11       Biodom      211      83      22.5   
   12       D. Lerk      39      1      18.5   
   13       Last of the V8s      1556      760      18   
   14       Phil_S      172      69      17   
   15       Cryptoqueeen      81      24      16.5   
   16       goldkingcoiner      247      110      13.5   
   17       Samarkand      54      14      13   
   18       YourMother      36      5      13   
   19       HairyMaclairy      1113      544      12.5   
   20       hisslyness      26      1      12   


BOTTOM 20:

   POS      Username      TO      FROM      BALANCE   
   294       Dabs      44      173      -151   
   295       RoomBot      48      180      -156   
   296       bitebits      58      186      -157   
   297       yefi      146      240      -167   
   298       ErisDiscordia      47      198      -174.5   
   299       BlindMayorBitcorn      64      209      -177   
   300       Hueristic      138      259      -190   
   301       QuestionAuthority      27      311      -297.5   
   302       micgoossens      1660      1136      -306   
   303       cAPSLOCK      285      537      -394.5   
   304       600watt      161      481      -400.5   
   305       marcus_of_augustus      152      502      -426   
   306       mindrust      276      567      -429   
   307       vapourminer      97      575      -526.5   
   308       Globb0      298      680      -531   
   309       jbreher      220      667      -557   
   310       infofront      690      952      -607   
   311       LFC_Bitcoin      545      990      -717.5   
   312       bones261      175      995      -907.5   
   313       BobLawblaw      847      1813      -1389.5   
                              
               
                        
nutildah
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June 29, 2019, 10:12:18 AM
Merited by bones261 (2)


You braindead, idiot scammers in this thread have NEVER once explained how the price of Bitcoin can go to $500k or even $50k while cost of production is $3-6k.  Nobody would ever buy a coin for $500k when they can simply mine one for $3-6k instead.  And mining CAN'T expand by an order of magnitude to drag cost of production up or it would use more power than the entire United States.  The crypto pump and dump scam seriously is butting up against the limits of the natural world now but that sure doesn't stop you scammers from posting complete bullshit 24 hours a day.

You are forgetting the reward halving, this alone can make the price double without any  extra power needed.

Also, miners can get more efficient in future and use wasted energy., Energy is largely wasted nowadays, because of using peaks (think about nuclear and hydroelectric i.e.)

As today a fast-growing price will only push miners to build more facilities and even turn on older machines until they are not profitable again, we have already seen it. Industry can still grow very fast, and energy is (for now and for the foreseeable future) not an issue at all.

I have roach on ignore but would be happy to counter his misinformation in this instance. Bitcoin (per coin on average) costs anywhere between $1,300 and $37,400 to mine depending on where you are in the world. As you can see, mining is prohibitively expensive in much of the world (this is based on today's prices):



https://coinrate.com/cryptocurrency-mining-prices-and-profitability-by-country-in-realtime

And yes, not anybody can just start up their own mining operation to get "cheap coins." Most mining farms operate in the red for months or years before turning a profit -- they are invested in the long haul and weather unprofitable periods on the bet that the price of BTC will continue to increase in the future.

Besides, roach should know as well as anybody that the market dictates prices. This is what gives BTC - like any traded good in the world - its premium.
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June 29, 2019, 10:19:54 AM

I am low down, but I'm a giver not a taker.  Cheesy  



It's time for a Wall Observer Meta Post!
Sorry to repeat the post, I didn't think I posted only hours before LoyceV updating his merit files.
I just wanted to do so because.. YES! I'm now Full Member on WO Thread!


What if WO were Bitcointalk?
So basically what happens considering only the merits awarded on WO thread?
How many Legendary Users?  How many Heroes?

Thanks to my very basic Data management Skill and LoyceV data, I manage to pull out the following very unuseful statistic:
OF course the heatwave over Europe prevented me on smartly compute WO activity, so I am basing on Merits only.

   WO Legendary    4
   WO Hero            6
   WO Sr. Member    13
   WO Member    35



Who's who on WO?

Here the first 100 WO family members.
   1       micgoossens      1660   
   2       Last of the V8s      1556   
   3       HairyMaclairy      1113   
   4       xhomerx10      1097   
   5       Toxic2040      891   
   6       BobLawblaw      847   
   7       jojo69      747   
   8       infofront      690   
   9       JayJuanGee      620   
   10       LFC_Bitcoin      545   
   11       Torque      490   
   12       d_eddie      480   
   13       bitserve      470   
   14       VB1001      377   
   15       Paashaas      358   
   16       gentlemand      343   
   17       kenzawak      330   
   18       Globb0      298   
   19       Elwar      293   
   20       cAPSLOCK      285   
   21       mindrust      276   
   22       mfort312      276   
   23       JimboToronto      263   
   24       BTCMILLIONAIRE      247   
   25       goldkingcoiner      247   
   26       Raja_MBZ      241   
   27       Rosewater Foundation      231   
   28       jbreher      220   
   29       kurious      219   
   30       ivomm      213   
   31       Biodom      211   
   32       Lambie Slayer      205   
   33       TERA2      194   
   34       realr0ach      192   
                              


EDIT: does anyone know why the fist table in the post looks good in preview, but ugly when posting?

nutildah
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June 29, 2019, 10:40:08 AM
Merited by fillippone (1)

EDIT: does anyone know why the fist table in the post looks good in preview, but ugly when posting?

Yeah you just gotta make a new td /td for the title, I guess it wants to put "Sr. Member" in 2 rows without it.

   WO Legendary    4
   WO Hero            6
   WO Sr. Member    13
   WO Member    35

Loyce will probably come along and tell you how to do it even better in a while.

48th most merited on the forum but only 47th most merited in the WO thread...

somac.
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June 29, 2019, 11:14:43 AM

Ha, been searching around some info on the Craig Wright court case when I found this gem that I had missed before.

https://cryptoslate.com/roger-ver-craig-wright-libel-suit/

Quote
Wright, who gained notoriety for claiming he is Satoshi Nakamoto, submitted a list of Bitcoin addresses to a U.S. District Court in Florida. These addresses are owned by him and a trust he operates.

The addresses, which were described as a “lazy copy-paste job,” was supposed to prove that Wright owns some of the first Bitcoin addresses ever created.

However, Wright’s nemesis and former partner, the similarly controversial Roger Ver, debunked his claims by using one of the listed addresses to create a signed message.

jbreher - You do still believe that wright is Satoshi, correct? what about his moral character? do you believe he is ethical? what about his supposed tech genius? wouldn't be possible for him to make a mistake like this would it?

Seriously, what does this and Craig Wrights many other transgressions say about the SV followers. Reminds me of a death cult, they all desire to go down together to maintain a fantasy.
 
Neo_Coin
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"Be Your Own Bank"


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June 29, 2019, 11:17:08 AM


This is reality   Cheesy Cheesy



Last of the V8s
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Be a bank.


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June 29, 2019, 11:21:37 AM

@somac. the jbear has not said he believes faketoshi is satoshi. it's about the tech not the people, see?

in entirely and completely unrelated news, the mempool is empty
somac.
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June 29, 2019, 11:35:58 AM

But faketoshi and the SV shittech are are intertwined. I mean, just imagine if he abandoned it and his support for it. Would the tech be enough for it to hold its price and market share (hahaha)? I think not. as you say the mempool is a desert, so what tech?
Last of the V8s
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June 29, 2019, 11:42:06 AM

no idea. maybe the thing becomes better-respected with fewer pedos and arseholes around it.
the bitcoin mempool, silly.
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