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

[bitserve]

Bakkt Bitcoin Futures Only 63% Backed by BTC, Despite CEO Assurances

https://beincrypto.com/bakkt-bitcoin-futures-only-37-backed-by-btc-despite-ceo-assurances/

Wait, what? That's not how they were supposed to be

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[bitserve]

I am thinking that the cost are the same after the halvening.

Only the new supply that comes out of that is reduced in half.

If costs are the same, and you get half BTC on average because the "new supply" is reduced in half, the mining cost per BTC effectively doubles.


* All other factors remaining equal, as stated before.

[Hueristic]

Interesting data.

#Millennials are way more likely to invest in bitcoin than other generations and are moving away from conventional banking. Study by #provokeinsights found that 43% of millennials said they trusted #cryptocurrency exchanges more than US stock exchanges [Chart: #bitcoinsrhythm]

Source: https://twitter.com/BxeCapital/status/1207333268175179776

It is possible that the youngest are the most attracted to the world of cryptocurrencies, but it seems to me that if we only talk about Bitcoin, the age range that has more accumulation or interest would place it between 25/30 and 40/50.

The youngest are also naive enough to answer truthfully.

[El duderino_]

via Imgflip Meme Generator

[El duderino_]

https://twitter.com/100trillionUSD/status/1207773849296736256?s=20

[JayJuanGee]

I am thinking that the cost are the same after the halvening.

Only the new supply that comes out of that is reduced in half.

If costs are the same, and you get half BTC on average because the "new supply" is reduced in half, the mining cost per BTC effectively doubles.


* All other factors remaining equal, as stated before.

I would not characterize the end sum of the amount of reward as "cost," but instead profits per BTC that is reduced by half because of costs that remain the same and reward that is half.  Otherwise, I have already made my points regarding the matter.     Semantics, perhaps?

[HairyMaclairy]

Bitcoin is like America.  The price will eventually do the right thing, after trying all other alternatives.

[HairyMaclairy]

I am thinking that the cost are the same after the halvening.

Only the new supply that comes out of that is reduced in half.

If costs are the same, and you get half BTC on average because the "new supply" is reduced in half, the mining cost per BTC effectively doubles.


* All other factors remaining equal, as stated before.

I would not characterize the end sum of the amount of reward as "cost," but instead profits per BTC that is reduced by half because of costs that remain the same and reward that is half.  Otherwise, I have already made my points regarding the matter.     Semantics, perhaps?

Jay you are hopelessly confusing revenue and profit

[bitserve]

I am thinking that the cost are the same after the halvening.

Only the new supply that comes out of that is reduced in half.

If costs are the same, and you get half BTC on average because the "new supply" is reduced in half, the mining cost per BTC effectively doubles.


* All other factors remaining equal, as stated before.

I would not characterize the end sum of the amount of reward as "cost," but instead profits per BTC that is reduced by half because of costs that remain the same and reward that is half.  Otherwise, I have already made my points regarding the matter.     Semantics, perhaps?

No. If we are talking about MINING COST PER BTC and after the halving you obtain HALF the BTC for the same total cost, the MINING COST *PER BTC* is effectively doubled.

What kind of really wicked semantics are you talking about? lol

[JayJuanGee]

I am thinking that the cost are the same after the halvening.

Only the new supply that comes out of that is reduced in half.

If costs are the same, and you get half BTC on average because the "new supply" is reduced in half, the mining cost per BTC effectively doubles.


* All other factors remaining equal, as stated before.

I would not characterize the end sum of the amount of reward as "cost," but instead profits per BTC that is reduced by half because of costs that remain the same and reward that is half.  Otherwise, I have already made my points regarding the matter.    Semantics, perhaps?

No. If we are talking about MINING COST PER BTC and after the halving you obtain HALF the BTC for the same total cost, the MINING COST *PER BTC* is effectively doubled.

What kind of really wicked semantics are you talking about? lol

I am sticking to my guns.  

@ hairy.  Ditto my above statement.  

Now.  Let's move to a topic that we can agree on.

 


We are all fucked if relying upon me for economic's clarity.   YMMV.   DYOR.  BTFD. 

[Globb0]

Do you agree you would have to do twice the work to achieve the same result?

[HairyMaclairy]

I would prefer not to work at all, frankly.

[JayJuanGee]

Do you agree you would have to work twice as hard to achieve the same result?

You are jumping in, too, Globb0?

I am just going to say:  "ditto" if anyone further attempts to interrogate me on this topic.  Otherwise, I agree with the working twice as hard part.  

Edit 1:  Look at ur lil selfie, Globb0....    Can't even properly attach a batman pic.       And, trying to lecture me on economical definitions.  

Edit 2:  Looks like you fixed your pic attachment issue.  So I take back my comments in Edit 1.  Bitserve (or maybe Mic?) probably sent you a PM to explain... hahahahahhaha

[El duderino_]

I have to rub my eyes I think.... Thursday and every other post is a JJG one??

 

[jojo69]

Jay you are hopelessly confusing

ftfy

[Globb0]

Do you agree you would have to work twice as hard to achieve the same result?

You are jumping in, too, Globb0?

I am just going to say:  "ditto" if anyone further attempts to interrogate me on this topic.  Otherwise, I agree with the working twice as hard part.  

Edit:  Look at ur lil selfie, Globb0....    Can't even properly attach a batman pic.       And, trying to lecture me on economics.   

Go on then, while you are there.

"How much alt coin diversification is needed? 0%?"

Can you cite any links or proof that this is the case? perhaps share a snap of your mystical future seeing crystal ball?

[whiteboy420]

47.0k BTCUSD long (valued at $337m) utilizing $124m USD margin.
BTCUSD longs costing $45k per day to #hodl.

7,475 BTCUSD shorts (valued at $54m) utilizing 6,268 BTC of margin.
BTCUSD shorts costing 0.558 BTC per day in fees.
84% of the shorts are fully collateralized.
 


Watch out guys.

We are at critical level.

If it breaks, we could insta dump very quickly - if you're long imo you should either put a stop, or manually baby-sit your position right now.

the next 24h are critical.

[Globb0]

[JayJuanGee]

Do you agree you would have to work twice as hard to achieve the same result?

You are jumping in, too, Globb0?

I am just going to say:  "ditto" if anyone further attempts to interrogate me on this topic.  Otherwise, I agree with the working twice as hard part.  

Edit:  Look at ur lil selfie, Globb0....    Can't even properly attach a batman pic.       And, trying to lecture me on economics.  

Go on then, while you are there.

"How much alt coin diversification is needed? 0%?"

Exactly!!!! We agree on something.

Can you cite any links or proof that this is the case? perhaps share a snap of your mystical future seeing crystal ball?

Actually, such statement is a maxim to live by, and no need for proof is required.  In other words, proof is optional.

Here is a snapshot of my crystal ball, and i am just going to forsake Opsec on this one occasion.  This one is for you, mic.  

I have to rub my eyes I think.... Thursday and every other post is a JJG one??

 

Stop rubbing your eyes, mic.  You are going to end up looking like the below-attached guy.  As you see: I already tried to warn Hueristic about playing around with his eyes.

Still Hodling with a small grimace.

Good.  Don't let your eye bugger out too much, it is not good for your health.

And you don't want your eyes to get stuck or to end up looking like this guy.

[El duderino_]

Saw that dude last evening in the new Star Wars, such moments makes my day