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

[STT]

Same thing can be applied to humans, with Earth as our closed off space.

Evolutionary traits are kicking in to stop overpopulation. All natural. Might drive us to extinction, might not.

These studies are interesting but I disagree on the conclusions and direct comparison from animals to humans needs to be done with some thought because humans are not static in anything they do.     Heres a great one I remember but I dont agree we can just xerox this over to the idea humans will break the earth, we can do alot better in our actions.

https://www.stuartmcmillen.com/comic/st-matthew-island/
https://www.resilience.org/stories/2003-11-22/st-matthew-island-overshoot-collapse/

This is unlikely to be true from just basic view of land area vs population of humans.   Its very possible humans are wasteful in a needless way, I dont disagree there but we are not literally running out of space to live in.   We may require development in our population growth, just like the economy of China has no choice now but to develop properly not just use cheap labour.    

I think it was true up until about a decade or so ago that every person on the planet could stand on a small island off the British coast, not the mainland itself just one of the many little islands it has in the channel between UK and Europe.   We really dont have that many people, half the earth is still empty and not used properly.   We can ruin lots of the land but its also possible we just use it properly, most starve because of war and corruption not because too many babies forced a loss, this is a modern fallacy thats been repeated all my life and untrue the whole time.
    People at a basic level are productive, they do work and benefit a nation in that work and society is richer from a population working usefully.     We got a country like Kazakhstan with about the land mass of Europe but with the population of about two of the Uk cities.   Vast parts of Russia I think are still alot like that, Australia obviously and some is desert area but I dont doubt people can find ways to be productive.   I really dont buy this too many people narrative, its how the people are used.   We can screw it all up like Venezuela did or we can see great gains ahead.   I got far more hope in the people then a failed idea like QE turning out to be smart, people are like gold bricks compared to the worth of ideas politics comes out with so I'll always value the people as the saviour of a country and its economy.   The people will demand proper currency standards, they want to be paid properly for hard work and the small detail on that I dont know but they wont put up with monopoly money and endless inflation.


BTC is between 2 day above and weekly below, its not truly negative acting until the weekly average is lost at about 8726.

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[El duderino_]

To much r0ach on to less of space

Time to BTC HODLsleep

[Negotiation]

A Russian aluminum plant owned by Deripaska's Rusal, reportedly closed by US sanctions, will be transformed into a bitcoin mining hub, w/part of site leased to Russian Mining Company (RMC), which aims to cover 20% of the world market w/UK-based Cryptonex

Source: https://twitter.com/WendySiegelman/status/1189670451104165888

[Negotiation]

To much r0ach on to less of space

Time to BTC HODLsleep

oke brothers hope back soon ....

[Searing]

A Russian aluminum plant owned by Deripaska's Rusal, reportedly closed by US sanctions, will be transformed into a bitcoin mining hub, w/part of site leased to Russian Mining Company (RMC), which aims to cover 20% of the world market w/UK-based Cryptonex

Source: https://twitter.com/WendySiegelman/status/1189670451104165888

I started a thread on this.

https://bitcointalk.org/index.php?topic=5197354.msg52932078#msg52932078


But it really seems to me that whales or whoever have completely lost their minds on making big mining farms at this point in time...

Bitmain came through on a previously almost defunct Texas site, the above Russian site and the claim today that Russia wants to control 20% of BTC mining,

the previous big mining farms overseas and in California now.

So, I don't get it. With price and difficulty where it is now (see my thread for polls) are the whales simply nuts like the rest of us and buying miners on a hope

and a prayer or a pump? Or do they have some government/institutional support now and with halving are making their move.

Again, with price/difficulty I'm not seeing it..then again I'm not a whale...

Brad

[Negotiation]

I started a thread on this.

https://bitcointalk.org/index.php?topic=5197354.msg52932078#msg52932078

yaah good for creating thread.

Bitmain came through on a previously almost defunct Texas site, the above Russian site and the claim today that Russia wants to control 20% of BTC mining,

bad think 20% fee is huge  i don't agree for that.

and a prayer or a pump? Or do they have some government/institutional support now and with halving are making their move.

Everything is very well if government are smoothly handle everything, but problem maximum govt. people have not knowledge management  concurrency.

[Searing]

I started a thread on this.

https://bitcointalk.org/index.php?topic=5197354.msg52932078#msg52932078

yaah good for creating thread.

Bitmain came through on a previously almost defunct Texas site, the above Russian site and the claim today that Russia wants to control 20% of BTC mining,

bad think 20% fee is huge  i don't agree for that.

and a prayer or a pump? Or do they have some government/institutional support now and with halving are making their move.

Everything is very well if government are smoothly handle everything, but problem maximum govt. people have not knowledge management  concurrency.

As for the thread...just feels funky....at these prices and difficulty and miner prices and such...what am I missing for this push to big miners all

acting like newbs and putting up miners? delusional? New ASIC's etc? Seems odder than usual in the usual BTC oddness universe...go figure..fishing for

what others think/heard/guess

[JayJuanGee]

It's interesting, I hadn't seen it like that ..

#BTC #BITCOIN
This will blow your mind! 🤯

I Tried to visualise it

You see those gains? every cycle the gains get divided by 3 BUT the time-span get multiplied by 3!!

If we break ATH expect 2000% / 3 = 666% 😈

New ATH = 130K

Amazing huh?!

Please RT share this shit!!!!!!

Referring to:

$BTC needed:
👉625 days to break 2011 ATH
👉1245 days to break 2013 ATH
👉It's been only 680 days since ATH of 2017

Think about it for a sec...
Remember Fibonacci?

625 + 625 = 1250!
1250 + 1250 = 2500 - 680 = 1820 day left.

🎯  October 2024

@BTC_JackSparrow think level. 🧠

Source: https://twitter.com/888Velvet/status/1189029370381426690

Call me a skeptic, but seems a bit overly bearish to suggest that bitcoin is not going to break above old ATH until October 2024-ish.

It is like they are locking themselves into some kind of formula and failing and refusing to take into account what seems to be real bullish underlying dynamics that exist in bitcoin's currently low level of adoption and the likely exponential growth that is likely going to put upwards price pressures on bitcoin much sooner than October 2024.

[Icygreen]

I started a thread on this.

https://bitcointalk.org/index.php?topic=5197354.msg52932078#msg52932078

yaah good for creating thread.

Bitmain came through on a previously almost defunct Texas site, the above Russian site and the claim today that Russia wants to control 20% of BTC mining,

bad think 20% fee is huge  i don't agree for that.

and a prayer or a pump? Or do they have some government/institutional support now and with halving are making their move.

Everything is very well if government are smoothly handle everything, but problem maximum govt. people have not knowledge management  concurrency.

As for the thread...just feels funky....at these prices and difficulty and miner prices and such...what am I missing for this push to big miners all

acting like newbs and putting up miners? delusional? New ASIC's etc? Seems odder than usual in the usual BTC oddness universe...go figure..fishing for

what others think/heard/guess

This the first time in history anyone has ever seen the likes of Bitcoin,  It makes sense that more attention is being paid since the run to 20k and the concise bottom at 3K.

The halving is coming, the math checks out, people are paying attention. Mining is still the best way to develop a powerful position with enormous opportunity for mid and long term. 
I can absolutely see Russia dominating a significant % of mining. They excel out of necessity.

[JayJuanGee]

Stock to flow is irrelevant for LTC.

You people are the most dishonest, retarded, fucking scammers I've ever seen in my entire life.  

<...>

Forced to reply as you are calling me in a way I don't like.

If only you would use some of your time to actually read about the model (plenty of places to do that, one of those being here), instead of repeating the same old story, you would understand why this model is not applicable to Litecoin.

1) looks like roach found a way to hook you.

2) you think that roach actually even wants to understand what he is supposedly rebutting?  Usually, to the extent that he is not totally out there in left field, he wants to spout out his nonsense while making it appear that he is somehow somewhat on topic.

[JayJuanGee]

Looks like we might dip below $9,000. I don’t have any spare fiat left so not going to buy the dip if we go below. Planning to buy 0.25BTC next week, let’s see where the price goes  

 
I hope that BTC punishes you, and you are only able to buy .125BTC due to BTC price doubling.   FTW.   Go bitcoin go.   

[marcus_of_augustus]

https://www.metzdowd.com/pipermail/cryptography/2008-October/014810.html 

[Paashaas]

Remember the guy who ''lost'' 4 BTC after using the LN?

It was a major lie.

Must have been a shitcoiner.

[LUCKMCFLY]

Halloween Theory of Effect ...

suggests that buying an asset to hold throughout the winter months will reward the investor handsomely.

With Bitcoin halving that will take place in May 2020, the potential for an increase this time is the largest in its state. And with the prices expected to reach $ 55,000 per BTC for the next halving in accordance with a widely cited model between stocks and flow, which could lead to the biggest Halloween profit effect however, in Bitcoin, taking the price $ 55,000 as predicted and resulting in an amazing 497% profit from current prices.

Source: https://www.newsbtc.com/2019/10/30/will-bitcoin-price-benefit-from-the-halloween-effect/

Happy Hodlloween!!

It is a favorable superstition if it happens.

[Lambie Slayer]

Money printers once again cut rates at all time highs for stock markets. This is unprecedented and obviously wont end well for legacy markets.

Hodlers mostly not affected. Mostly..... https://www.youtube.com/watch?v=VrVZHxH2O1I

[JSRAW]

Anyone shared this? No?

Dude built a Lightning ATM

https://www.reddit.com/r/Bitcoin/comments/d1hx12/i_built_a_lightning_atm_build_your_own/

Follow up.....

Updated LN ATM : https://twitter.com/21isenough/status/1189207406347276289
Bitcointalk Thread

[btcanonymous666]

$3200 around was like a back in time. I wish I bought more. However, it's easy to speak about it after it reaches $9k around. Still have almost infinite room to grow. Time to accumulate!

[bakasabo]

If today would be a Halveneen, would people fill this pumpkin with bitcoin and alts ?

[fillippone]

Stock to flow is irrelevant for LTC.

You people are the most dishonest, retarded, fucking scammers I've ever seen in my entire life.  

<...>

Forced to reply as you are calling me in a way I don't like.

If only you would use some of your time to actually read about the model (plenty of places to do that, one of those being here), instead of repeating the same old story, you would understand why this model is not applicable to Litecoin.

1) looks like roach found a way to hook you.

2) you think that roach actually even wants to understand what he is supposedly rebutting?  Usually, to the extent that he is not totally out there in left field, he wants to spout out his nonsense while making it appear that he is somehow somewhat on topic.

Actually I knew that replying to that message I was signaling how to trigger me. But yeah, I found it too insulting.
Regarding the second point, yeah, the plan is too obvious. Usually better not to be entangled in his "logic" and stay well away from any discussion because he'll invevitably drag you in the dirt, where he's supposed to be better than us.

First and last time I will engage in such a conversation with that user.

[Cryptotourist]

~ because he'll invevitably drag you in the dirt, where he's supposed to be better than us.

That's what he's paid for, that's what he tries to accomplish.

I can't figure out for how much though.
Do you reckon he gets paid by post, letter or character count?
Or just for being a prick on a weekly/monthly basis?
Does he get paid in BTC, gold, dicks or silver?

I hope r0achie can elaborate.