Searing
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December 25, 2019, 05:03:06 AM Merited by vapourminer (1) |
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...a 'black swan' event like Craig Wright being part of the Tulip Trust and actually getting keys..
![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2Fe1fqHBx.gif&t=665&c=X9mf9NRurzXcTA) I agree completely...that is why it is called a Black Swan Event. However, I get a good shudder every time I think of such....the horror! Funny, this likely would bother me more than a potential Asteroid hit on the planet in 100 years or such. Go figure. I am curious however on how CW is gonna justify NOT getting the keys on 1/1/20 as he claims from the Tulip Fund. https://news.bitcoin.com/23-days-until-a-bonded-courier-supposedly-delivers-keys-to-8-billion-in-btc/Of course just to be an ass and contrary, if you would have told me 11 years ago at BTC's birth that: 1) Donald Trump would be President. 2) Bill Cosby would be in Prison. 3) Bitcoin would be worth what it is today. Yep, you are right I have 'frigging' WTF syndrome that is probably carrying over into watching the Craig Wright Train Wreck.
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JSRAW
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December 25, 2019, 05:38:41 AM |
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Indeed youtube "crypto" is under attack. I've just noticed that the channel Ivan on Tech has been taken down. Over 211K followers with a daily podcast. https://www.youtube.com/channel/UCrYmtJBtLdtm2ov84ulV-yg A very talented interviewer, shame. Youtube is state owned it would seem, Guess we'll have to flush them down the same hole with FB. Censorship resistant platforms on the way! He's not alone in that list... good amount of crypto channel got flagged recently. YouTube Allegedly Flagging Popular Cryptocurrency Related Videos
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Raja_MBZ
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December 25, 2019, 05:53:40 AM |
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TBH, most of the Crypto-Youtube channels are only used to promote sh!tcoins. I'm sure many people have lost more than 99% on some of the picks by those Youtubers with a fancy number of subscribers. It's time they all learn a lesson.
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JSRAW
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December 25, 2019, 06:21:14 AM |
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Suppoman left the chat...
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AlcoHoDL
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December 25, 2019, 06:51:36 AM Last edit: December 25, 2019, 07:15:38 AM by AlcoHoDL Merited by JayJuanGee (1), LFC_Bitcoin (1) |
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...Cutting production (per block) in half, while cost of production (per block) remains the same, could make mining unprofitable, unless the price rises.
..but it doesn't actually affect the price per se. Mining becomes unprofitable, hashrate falls, difficulty falls. The price drives this action, this action doesn't drive the price. Aggregate demand is always key to price changes, and it dances mainly to other tunes. Not directly (that's the reason I rephrased my statement earlier). But I believe it does, indirectly. Maybe some miners will be forced to shut down their mining equipment, others could mine at a loss and HoDL their coins, all sorts of complex things can happen, that will be triggered by the halving event. History has shown that each halving has been followed by a huge price rise (even after you iron out the volatility). It may not happen instantly, but history shows that it will happen. Of course, we only had 2 halvings, so there's not much data to work on. Time will tell. And soon. A relevant quote [ Original Post]: "The price of any commodity tends to gravitate toward the production cost. If the price is below cost, then production slows down. If the price is above cost, profit can be made by generating and selling more." -- Satoshi Nakamoto Edit: Merry Christmas everyone!
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akhjob
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December 25, 2019, 06:57:27 AM |
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TBH, most of the Crypto-Youtube channels are only used to promote sh!tcoins. I'm sure many people have lost more than 99% on some of the picks by those Youtubers with a fancy number of subscribers. It's time they all learn a lesson.
Yeah so true. As long Andreas M. Antonopoulos is not facing any similar issues, I am ok with the banning of shitcoin Shiller channels. But that's not going to stop them, they'll be moving to D.tube
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Arriemoller
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December 25, 2019, 07:01:32 AM |
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...Cutting production (per block) in half, while cost of production (per block) remains the same, could make mining unprofitable, unless the price rises.
..but it doesn't actually affect the price per se. Mining becomes unprofitable, hashrate falls, difficulty falls. The price drives this action, this action doesn't drive the price. Aggregate demand is always key to price changes, and it dances mainly to other tunes. Not directly (that's the reason I rephrased my statement earlier). But I believe it does, indirectly. Maybe some miners will be forced to shut down their mining equipment, others could mine at a loss and HoDL their coins, all sorts of complex things can happen, that will be triggered by the halving event. History has shown that each halving has been followed by a huge price rise (even after you iron out the volatility). It may not happen instantly, but history shows that it will happen. Of course, we only had 2 halvings, so there's not much data to work on. Time will tell. And soon. A relevant quote: " The price of any commodity tends to gravitate toward the production cost. If the price is below cost, then production slows down. If the price is above cost, profit can be made by generating and selling more." -- Satoshi Nakamoto Edit: Merry Christmas everyone! Yeah, right, show me any currency that "gravitate toward the production cost".
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Arriemoller
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December 25, 2019, 07:05:31 AM |
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Better get to sleep before the sun is up, have a good day everybody.
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JayJuanGee
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December 25, 2019, 07:05:34 AM Last edit: December 25, 2019, 07:27:55 AM by JayJuanGee |
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I read your post as being exceedingly cautious, Majormax, and you already likely recognize that I continue to believe that there is a bit more underlying buying pressures than the amount that you seem to be willing to accept present. Furthermore, supply is a pretty damned underlying force, whether you want to categorize it as "secondary" or not... supply is a kind of hard pressure that inevitably ends up biting the bears in the ass.. especially any of them who under estimate its power, after they are manipulating down for much longer and much lower than can be contained and ends up resulting in a lot of irrational and uncontainable upwards FOMO buying... which is likely going to be another history that repeats itself... surely not guaranteed in any kind of way, but a seeming likely outcome... time and degree to be determined. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) You are quite right. I think it wise to be cautious. I wouldn't categorise supply as a 'force', but demand acts more like the pressure. If you had to say which was more active and which more passive, how would you label them ? Supply is more a variable which is acted upon by demand, and I suppose that is my point in saying that the effect of halving is not a given. Only when demand is absolutely assured and permanent does supply become the active variable. I cannot disagree with anything you say there, and yeah, supply is more passive, but it get's manipulated to fuck, and that is just part of the dynamics of something like this and we are also learning as we go along regarding how far and how long it can be manipulated. Let's take the stock to flow, for example. We do not know if it is a very accurate predictive force, even though we can see that historically there can be a kind of description and there can be a kind of prediction that gets put in place based on the description and the formula and suggests that the future is going to follow a kind of similar path as the path. At the same, time there is a kind of predictable mean in which the price is likely to gravitate within that model, while at the same time, there are likely going to continue to be powers that be that try their damnest to try to either create conditions to make the model become untrue or make it appear that it is not true. So, sure, it is possible that they could become successful and make the predictive model NOT be true on a kind of permanent basis (which seems highly unlikely that they could be successful in such an endeavor), or they may end up trying their damnest for a long time to manipulate the BTC price below the predictive location, but sooner or later it comes to bite them in the ass and either just merely reverts back to the predictive line or ends up shooting past the predictive line in the opposite direction. We will see. We will see. By the way, there is also the four year fractal comparison model and the s-curve exponential adoption model that kind of ongoingly builds upon the ongoing network effects that keep building in a kind of Lindy Effect kind of way that seems to be a bit towards the upside and also towards the front running potentiality... Who knows what is going to happen exactly, but I would be a bit worried if I was NOT sufficiently and adequately prepared for up while worrying to damned much about the downside as being anything negative beyond just a period to either HODL or to buy some more bitcoin in the spirit of ACCUMULATL. Well, supply will be cut in half, and unless you also believe that demand will be cut in half at the exact same time, price will rise. It's really that simple.
Nope, sorry, I can't see it that way. If it were so, the chart would show a step change in price at the point of halving. Demand is to a large extent already discounting (anticipating) future events, because it is so tied up with speculation. The flows and changes are complex. That's the reason you often see an opposite reaction ( to that expected) when an anticipated price sensitive event happens. edit : Merry Christmas !! Edit merry christmas, to you too... and merry christmas to all of the WO bros... and gal.. Of course, we cannot be strict about the halvening because we know that almost nothing is likely to happen on that actual day or even within months around the actual halvening date because 1) there can be manipulation that goes on around that even (either up or down) and 2) it takes a while for the lessening of the supply to actually be felt in a kind of "HARD" way. Yeah, many of us know that the supply shock is happening, but still, that does not stop manipulation attempts in the opposite direction (meaning down)..... ... and it also does not discount that if "everyone" or damned near everyone starts to attempt to consider that the pumpening is going to happen later that the pumpenining might still end up happening sooner in a kind of front running kind of a way. We cannot be attempting to put too much exactness in where the hell BTC prices are going, and yeah, I understand that even you was anticipating BTC prices to drag on downwardly for a lot longer than they’d did and the April to June 3.5x pumpening surprised a lot of use, but it does not mean that we necessarily revert to that earlier theory of BTC prices going down low and long and more pain having to be felt. Such pain might happen, and it might not.... and, yeah, you Majormax, just love yourself some ongoing and onward down cautioning talk... it's your favorite past-time, even during christmas... you BIG party poop.... ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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JSRAW
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December 25, 2019, 07:44:17 AM |
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Edit merry christmas, to you too... and merry christmas to all of the WO bros... and gal..sisters
FTFY ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) Merry Christmas everyone.
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JayJuanGee
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Edit merry christmas, to you too... and merry christmas to all of the WO bros... and gal..sisters
FTFY ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) Merry Christmas everyone. O.k. Fair enough. Merry Christmas all WO bros and sis. ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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Cryptotourist
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We would help you all to Counter such an Effort, ofcourse now for 7,6Million €
The LOL of the day. You have been a very - very - bad boy this year, so no presents for you. Merry Xmas everyone!
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serveria.com
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Privacy Servers. Since 2009.
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December 25, 2019, 08:34:04 AM |
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I can feel the upwards momentum
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VB1001
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December 25, 2019, 08:44:59 AM |
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Just made an absolute whale move that will shake the market.
0.0339BTC buy - Feel the tremor.
Edit - Hey guys, I had a thought for the new poll. WO poster of the year? Could be fun?
Like the idea, lots of contestant too! I guess selecting the nominees will be as fun as voting and picking the right one! Maybe we should have a WO person of the year poll ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif) My vote goes to gembitz Can be a good poll to end the year. @infofront proposed it a few days ago, but now it takes time without connecting to the thread and the poll has not changed. He is busy opening presents. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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fillippone
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December 25, 2019, 09:07:23 AM Last edit: May 16, 2023, 06:54:21 AM by fillippone |
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Merry Chistmas from Italy. I will recycle @mir_btc Traditional BTC song! My fav Christmas tradition, singing WhalePanda's lyrics. This year with subtitles, if somebody doesn't get my clearly perfect English.
https://twitter.com/mir_btc/status/1209448908868460544?s=21
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Last of the V8s
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December 25, 2019, 09:10:43 AM Merited by DireWolfM14 (1) |
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Shitcoiner, nobody, attention-whore, segwit2x traitor and all-round ugly girl has opinions: 1/ there is a very real possibility the price of bitcoin does not go up after halving. for the first time, there is a robust derivatives (futures, options) market for bitcoin. most firms looking to speculate on bitcoin will trade a derivative, not the underlying. I don't get it, why is this a bad thing? Aren't derivatives commonly set up for volatile assets? If institutional investors focus on derivative markets is that bad for bitcoin? Some of the guys went some way to responding to this in the subsequent posts here, and then Jack Mallers on Twitter makes a better fist of it than I can: 1/ @Melt_Dem, I respectfully disagree. This is incorrect.
Yes, derivatives do help market efficiency and general price discovery.
However, no, of course they do not affect basic supply and demand. But really there's also a point here about being all mature, hyper-male perhaps, grown-up and shit by arguing the content, the points made by one's foes and not reducing to ad-homs and other 'ugliness'. No, fuck that. There's a war on and the meltdems are the fucking enemy. Everything they say is designed to denigrate bitcoin and its supporters, and all their soi-disant arguments should be dismissed out of hand as miserable propaganda.
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VB1001
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December 25, 2019, 09:23:37 AM |
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^ They fear the beast and their way of preventing it from growing is to put many traps and mined fields on the road. The next few years will be hard, but we will get it.
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Last of the V8s
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December 25, 2019, 09:28:30 AM |
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^ They fear the beast and their way of preventing it from growing is to put many traps and mined fields on the road. The next few years will be hard, but we will get it. Yes I agree they are afraid. Good. One could say, "Their goose is nearly cooked".
In other things I'm no expert at: demonstrations and the like; the move by the Hong Kongers to have a Christmas truce with their soi-disant 'police force' seems brilliant, reminiscent of course of the equally matched enemies of the Great War stopping to play football on this day.
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VB1001
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December 25, 2019, 09:58:23 AM |
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Although the majority of the population does not see it or does not want to see it, they have ruined the world with a debt that will never be paid.
They are bad managers of money that is not their property and will cause a partial or total reset of the global debt to start over with the FIAT scam
Another better built solution is that your system is Bitcoin and this hurts, time is running in our favor and more people come to Bitcoin, more people equals more difficulty to ban BTC.
We will also set truce days.
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mindrust
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No amount of derivatives paper bitcoins or whatever the fuck you call them can stop an army people who DCA the shit out of bitcoin. (why? limited supply babe) And bitcoin has a big army of DCA'ers. I was going to type something similar to Jack's post but then... Fuck this bitch. I wonder what makes her an expert about crypto. Another self-claimed bitcoin expert?
That's what I like about bitcoin anyway.
It always shits on clueless morons. Never misses.
I went full berserk because they don't deserve anything better.
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