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

[lightfoot]

So it's not as bad as you think.... 

An asset that has a 10% guaranteed loss every year then.....

Nope.

[Wilhelm]

So it's not as bad as you think.... 

An asset that has a 10% guaranteed loss every year then.....

Nope.

I take it you don't own a car 

[d_eddie]

I am a BTC believer. I am a HODLer.

Sometimes, however, the serpent of doubt slithers through my soul. This halving might be different from the others. What we know is that halvings are going to be more and more irrelevant as the supply decreases. What we don't know is the rate of increase of the irrelevance. In order to estimate possible halving effects, we can use a priori data and contingent data.

A priori data: current level of supply.

Contingent data: state of adoption, price, market sentiment, etc.

Just for a rough estimate, assuming the price at the halving is in the same ballpark as today:
 

Date	Reward (BTC)	Price (USD/BTC)	Reward (USD)
2012.11.28	50BTC	12.35	617.50 $
2016.07.09	25BTC	650	16.250 k$
2020.05.XX	12.5BTC	10500	131.250 k$

I've been looking at this table and pondering for a while, but the serpent isn't dead, not yet at least. Any food for thought? I'm still staying strong anyway, we all know why.

I am a BTC believer. I am a HODLer.

[El duderino_]

Who's on which button here ??

Doing both, man. Waited 6 months to finally upgrade my phone
I knew the 11 was out soon so didn’t want to upgrade to the X & be stuck with it for 2 years

Edit - Won’t let me pre order until 13th Sept 

Yeah I cannot let a new iPhone slide by me as well

[fillippone]

I mumbled a little bit on various themes we discussed on the WO thread lately.
 I posted this on a new thread:
Extracting stable positive return from high-volatile asset.HF recipe made simple

Hope you might find it useful.
It also gives hints on how to manage a selling program to exit bitcoin (for the degenerate WO members who aren't permaholders ...)

[P_Shep]

I am a BTC believer. I am a HODLer.

Sometimes, however, the serpent of doubt slithers through my soul. This halving might be different from the others. What we know is that halvings are going to be more and more irrelevant as the supply decreases. What we don't know is the rate of increase of the irrelevance. In order to estimate possible halving effects, we can use a priori data and contingent data.

A priori data: current level of supply.

Contingent data: state of adoption, price, market sentiment, etc.

Just for a rough estimate, assuming the price at the halving is in the same ballpark as today:
 

Date	Reward (BTC)	Price (USD/BTC)	Reward (USD)
2012.11.28	50BTC	12.35	617.50 $
2016.07.09	25BTC	650	16.250 k$
2020.05.XX	12.5BTC	10500	131.250 k$

I've been looking at this table and pondering for a while, but the serpent isn't dead, not yet at least. Any food for thought? I'm still staying strong anyway, we all know why.

I am a BTC believer. I am a HODLer.

Think you need to take difficultly into account there. That reward is split among many more parties now.

[d_eddie]

I mumbled a little bit on various themes we discussed on the WO thread lately.
 I posted this on a new thread:
Extracting stable positive return from high-volatile asset.HF recipe made simple

Hope you might find it useful.
It also gives hints on how to manage a selling program to exit bitcoin (for the degenerate WO members who aren't permaholders ...)

Good and simple read. Merit-worthy, but I'm dry.

+1 WOsMerit
(Sorry: valid in the WOT only, as per instructions from management.)

[VB1001]

https://twitter.com/cryptotradingfr/status/1171693512477294592

As always speculating, but it can happen again.


https://twitter.com/parabolictrav/status/1169366270573047808

This time it will be stronger > LOGLOG

(https://en.wikipedia.org/wiki/Log–log_plot)

[fillippone]

I mumbled a little bit on various themes we discussed on the WO thread lately.
 I posted this on a new thread:
Extracting stable positive return from high-volatile asset.HF recipe made simple

Hope you might find it useful.
It also gives hints on how to manage a selling program to exit bitcoin (for the degenerate WO members who aren't permaholders ...)

Good and simple read. Merit-worthy, but I'm dry.

+1 WOsMerit
(Sorry: valid in the WOT only, as per instructions from management.)

Thanks,
appreciate WO merits also.

[xhomerx10]

Fiat currencies. Backed by the military.

I know some of you don't like this, but I just can't hold it in.
Special forces.

 When V8 originally posted this, it registered in my mind as funny - albeit dark humour - and I have to admit a tiny smile crossed my face.  I think that was okay because I was alone; nobody saw me smile.  Now when I read this post, I felt an ever so slight, rhythmical contraction of my diaphragm and possibly an unconscious vocalization but not loud enough for my daughter to have heard.  While it might have been politically incorrect to laugh, perception of humour is by and large an unconscious act and laughter is known to reduce stress hormones and to improve your body's immune system.  So thanks you two for extending my life and at the same time damning my soul to an eternal hell!   


 I'm just going to leave this here:

I have a dog with no legs.  I call him Cigarette because every evening when I get home from work I take him for a drag.

[vroom]

finally a climate-neutral possibility to mine bitcoin

[Lambie Slayer]

"The Federal Reserve should get our interest rates down to ZERO, or less, and we should then start to refinance our debt. INTEREST COST COULD BE BROUGHT WAY DOWN, while at the same time substantially lengthening the term. We have the great currency, power, and balance sheet....."

3:42 AM - 11 Sep 2019

https://twitter.com/realDonaldTrump/status/1171735691769929728

Money printer in chief up late trying to debase the dollar. Hodlers unaffected. 

[P_Shep]

finally a climate-neutral possibility to mine bitcoin

That's ridiculous.
Cat-bread's have almost no torque.

[HairyMaclairy]

That’s why you need a cat-er-pillar

[akhjob]

So it's not as bad as you think.... 

An asset that has a 10% guaranteed loss every year then.....

Nope.

I take it you don't own a car 

Luxury is a state of mind, but to most, a bicycle/car is a necessity but a yacht is a luxury. So, I wouldn't compare a yacht with a car 

[El duderino_]

2014-10-14 Chart v1.1 Logarithmic (non-linear) regression by bitcointalk user Trolololo updated 2019-09-14 bitcointalk.org/index.php?topi…

via Imgflip Meme Generator

https://twitter.com/chartsbtc/status/1171432288397058050?s=21

[HairyMaclairy]

Uh doesn’t anyone study their classics anymore?

[_javi_]

2014-10-14 Chart v1.1 Logarithmic (non-linear) regression by bitcointalk user Trolololo updated 2019-09-14 bitcointalk.org/index.php?topi…

via Imgflip Meme Generator

https://twitter.com/chartsbtc/status/1171432288397058050?s=21

We are spending too much time under the regression curve.

Go BTC, go!!

[gembitz]

finally a climate-neutral possibility to mine bitcoin

you are missing the lazer pointer    hmmm

[bkbirge]

I have a dog with no legs.  I call him Cigarette because every evening when I get home from work I take him for a drag.

My sister had a dog with 3 legs, she named it Fraction. Great dog, couldn't jump as well as others but can't say the handicap really affected him much. Fur reals.