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

[Last of the V8s]

HSI’s intellectual property group leverages its relationship with the pharmaceutical industry to obtain actionable intelligence used to target the trafficking of counterfeit pharmaceuticals that contain opioids. For example, agents assigned to the National Cyber-Forensics and Training Alliance work with brand protection representatives to further develop investigative leads for HSI field offices. The BCSC has developed a Cryptocurrency Intelligence Program (CIP) which identifies unlicensed money services businesses in the form of independent cryptocurrency brokers’ use of peer-to-peer (P2P) sites, online forums and classified advertisements, and darknet markets (DNM) to engage in unlicensed money services businesses (MSB) activity. A large portion of these unlicensed MSBs are engaged in laundering narcotics proceeds, including opioid trafficking.

The only mention of cryptocurrencies in that whole 300 page shitfest, but quite enough to remind us the only thing these bullies want for us is to be sent to their re-education-through-labour camps where we grow kale and study the statist classics.

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[1714810152]

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[dragonvslinux]

CME chart is looking interesting, currently testing both the 200 MA on the 4 hr as well as the Daily chart (that are bullishly sloping upwards):



Volume has been dropping off, so as per usual expecting volatility to kick in based on bouncing of these support levels or falling to the "gap" of $8.5K:



Looks like it might be time to flush out some weak hands to make the next leg up stronger:

[/center]

HODL

[Paashaas]

The WHO no longer has a procedure to declare something a pandemic, official statement from 2 days ago.

WHO leader makes a public statement that the world must prepare for a global pandemic.

WHO declares that Corona-tama has peaked in china.

This is how entire cultures collapse. Nobody knows what the fuck anyone else is doing, everyone is lying and nobody is held to account.

GDP is more important than human lives.

This outbreak is a huge scandal/crime and we all going to pay for it.

[OutOfMemory]

Hard to get some beans, noodles and rice already.

Came home and i saw that i already advanced to Jr. Member!!! ...again 
Again?

This is mainly for VB1001:

[cygan]

The WHO no longer has a procedure to declare something a pandemic, official statement from 2 days ago.

WHO leader makes a public statement that the world must prepare for a global pandemic.

WHO declares that Corona-tama has peaked in china.

This is how entire cultures collapse. Nobody knows what the fuck anyone else is doing, everyone is lying and nobody is held to account.

https://cointelegraph.com/news/coronavirus-3-technical-reasons-why-bitcoin-price-broke-below-94k
 

[Last of the V8s]

Nice graph by @flibbr showing the traded price of 1 btc aginst the cost to mine one over time

Looks like a partial BS to me.
First off, I remember 2015-miners did not have huge profitability back then (that is erroneously shown).
Second part of why it is BS-because there is no sharp changes in profitability at the halving point (mid 2016, for example).
Recent numbers look OK.

Thanks for this. Yes I blindly followed flibbr, but actually what's graphed is not the 'cost to mine' but

Takes QUANDL Bitcoin blockchain difficulty data, three variables (hashrate in THs/sec, power consumption in kWh, and electricity costs in cents/kWh) and calculates the base line for cash flow in US dollars. The default is an AntMiner S15 at 10 cents/kWh.

When price is above this line, miners with the given conditions have positive cash flow (i.e. they make more money mining than their running costs), and when below the line, they would be better off turning their rigs off (if this simple model can be applied to their particular circumstance).

Assumptions:
1. All costs are consolidated into one "electricity cost" variable, including things like rent and wages for mining farms.
2. 12.5 BTC/block emission schedule (update source code upon next halving).

So, exactly as you say, it is useless for 2015 times and the previous halving event, but fine since then - the 12.5BTC era.

Could anyone please send Biodom's post some merit?

[OutOfMemory]

Could anyone please send Biodom's post some merit?

sent

[Last of the V8s]

Could anyone please send Biodom's post some merit?

sent

ta

[OutOfMemory]

Could anyone please send Biodom's post some merit?

sent

ta

thanks also to Gyrsur, who merited a post of mine earlier today, so i had a full sMerit for Biodom

[El duderino_]

Daaaaaamn

[Gyrsur]

Could anyone please send Biodom's post some merit?

sent

ta

thanks also to Gyrsur, who merited a post of mine earlier today, so i had a full sMerit for Biodom

never mind! I was able to send it to you because I just received 5 merit from Globb0 in the night. thank you Globb0!

[somac.]

Corn is looking a bit sickly. I've noticed that as the price has been dropping the order book on the ask side grows fairly quickly again. In my mind this would indicate that for now sellers are chasing the price down. I hoping that this is not a large long-term down channel. See pic. Seems unlikely.

[OutOfMemory]

Daaaaaamn

That's what i thought yesterday, about 30 minutes after i had a fair amount of white russian (not the drink   )
#nohomo

Could anyone please send Biodom's post some merit?

sent

ta

thanks also to Gyrsur, who merited a post of mine earlier today, so i had a full sMerit for Biodom

never mind! I was able to send it to you because I just received 5 merit from Globb0 in the night. thank you Globb0!

Browser zoom gave up   Had to copy/paste. Daaaamn  

EDIT: What about the bug? Nuked or gave up?

[Last of the V8s]

^ just press the quote button to read that silly/tiny stuff

[Gyrsur]

   Bitstamp ADL    9,021.22 USD   
(source: Bitstamp API)

[d_eddie]

I wonder what became of cousin nutildah's BSV short.

I know what happened to my BCH short  

[OutOfMemory]

^ just press the quote button to read that silly/tiny stuff

Thanks, i think i have been reading this several times but i must have always forgotten about it.
Knocking against $9.2k  

EDIT: Aaaaaannnd through 

[bitcoinPsycho]

Update:



Some foreplay action before we move along.

Absolutely. ahem

[d_eddie]

I am travelling right now
(Yes, travelling in CoronaVirus land, trying to avoid contagion).
I cannot get hold of the whole report, but looks interesting to me:

The team a @jpmorgan released a monster 74-page cryptocurrency report a few days ago.

Too long?

Here's a thread summarizing the best parts 👇

https://twitter.com/mjdibb/status/1232505570508201984

Here's the whole enchilada

https://markets.jpmorgan.com/research/open/url/t59R6MoBP2TUkWA_itSQBbfUlco1CmYnoNL3dA6WVSm82drJuOYLvdZIqDyuXyp-L4OrVEFw_eAu4UgzicsInqAwjcbKIQHiPfGEjPF2Rt5PKUltFmEKGQaC3DeLBoW7?action=print

Yes the main thing is will you please avoid getting ill for as long as possible. We wouldn't mind reports from the front lines and stuff like that, but we want you fit and healthy and that's all there is to it.


edit: what does that mean, that the document is watermarked? should I expect the Spanich Inquisition?

The table of contents doesn't contain a single instance of the word "bitcoin". 

[AlcoHoDL]

Could anyone please send Biodom's post some merit?

sent

ta

thanks also to Gyrsur, who merited a post of mine earlier today, so i had a full sMerit for Biodom

never mind! I was able to send it to you because I just received 5 merit from Globb0 in the night. thank you Globb0!

Browser zoom gave up   Had to copy/paste. Daaaamn  

Useful tip: when you want to read small text, just click "Quote", read it in the editor (no need to zoom or copy/paste), then go back (if you don't want to post).

Edit: V8 beat me to it!