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

[HairyMaclairy]

It’s not a secular bear market.  Its a secular bull market with a local top.  It’s unreasonable to expect the price to continue to go up as the halvening hype fades. And it will take some time for the supply side constraints to start to bite.  

That explains everything.  

Buying support is not keeping up.  

Unsustainable.... etc etc..  

Hopefully, you are not leaning too much on that theory - just in case.

Edit:
I see that you, hairybairie, largely answered my last question (regarding your preparedness for either BTC price direction) in your above post (two posts above this one).

Quite...  am happily prepared for movements in any direction.  Hope for the best and plan for the worst, et al.

[Toxic2040]

the evening wall report

#dyor

D

[JimboToronto]

2nd millennium mechanical storage? How about magnetic tape and paper punch cards?

The same amount in SSDs, the cheapest and worst type, would be 7-8x more and getting them to run in the form I need would probably cost another $1-2000 on top for a rig to operate them. It's all backed up so it don't matter if it croaks but I've only ever had one mechanical HDD fail and that was after 12 years. I'll take them odds.

I'll confess to a little hyperbole.  

If you don't move your HDDs, mount them with rubber grommets and use an UPS, they should last a long time. You're lucky to have avoided failure that long though. Of course thorough backups are a must but some sort of redundancy is a good idea... RAID-5?

The days of RAID-0 are long gone. Speaking of HDD failure, my first RAID-0 array was 4 IBM 75GXP "Deathstars". I was so proud of my blazing fast third-of-a-terabyte C: drive until I started reading stories about those HDDs failing left and right. Never did have one fail though until I replaced the array with Raptors. Ended up using the IBMs to upgrade other people's old machines with <10GB HDDs. Never heard of one of them failing either.

Once I replaced my Raptors with Vertex, I never looked back. Pissed me off to have the array bottlenecked by the southbridge but soon fixed that with a PCIe RAID card. Next step was the OCZ PCIe Revodrive series and now of course it's NVMe.

Gotta move with the times.

Still have a drawer full of old HDDs in the 100GB-4TB range but they're pretty much just archives and backup. Now I have a couple of 2TB SSDs for onboard data storage (besides the C: drive) in my main PC and a few more in external enclosures in my laptop bag. Every now and then I haul out the old HDDs and copy over a few terabytes of movies onto the externals. That's the big problem now... how long it takes to copy multiple terabytes via USB3. eSATA ain't much better.
_____

P.S. All this talk of storage has me thinking that we all owe a little thanks to Joe Breher for his work in making these storage technologies possible.  Many people here see him as an argumentative pro-BSV "troll". He's a lot more than that.

Thanks Joe.

[rdbase]

Havent heard much from her in a while I guess she was in quarantine just like the rest of us but before she did was having a good dance with swede DJs
 

from keto 3.0
https://www.youtube.com/watch?v=FRWLITdJqw0
This one aint bad either drunk on a friday night. Keto 2.0
https://www.youtube.com/watch?v=KvrAPW4eyx8&feature=youtu.be

[rdbase]

The best on our way to 10K meme or gif could gain some merit.... ??  

Come on surprise me !!!

Let’s get there together and with some fun

Less than a week away so going too...


And to that pic you posted of some cartoon character slicing himself you were trying to portray what McAfee he had in mind if we didnt hit a certain price by the end of the year right?
http://dickening.com
Your welcome for that save, you owe me one.

[bkbirge]

The best on our way to 10K meme or gif could gain some merit.... ?? 

Come on surprise me !!!

Let’s get there together and with some fun

[Biodom]

Elon Musk is selling his two houses (worth about $40 mil in total) and saying, ostensibly, that he would have "no possessions" because:

1. he thinks that we are at a RE top
2. he became a "revolutionary" [after mouthing off something something about "fascists"]
3. he is moving to China
4. he is selling TSLA to some Middle Eastern sheiks and would move there (Dubai?)
5. he is moving to Mars
6. he merged with AI and is about to control us all
7. he is having a midlife crisis
8. he is using RE sales to fund his BTC purchases.

What's it going to be? Please come up with %% of probability if you like.

[LUCKMCFLY]

Great indications of a great bullish event that can happen very soon.

Last week, the Moving Average Convergence Divergence (MACD) flipped bullish on Bitcoin’s one-week chart, suggesting a medium-term bull rally ahead.

In 2017, the indicator flipped green at $2,000 to mark the start of a 1,000% rally to $20,000. At the start of 2019, Bitcoin rallied 300% when the indicator trended green in January. And just recently, it flipped green prior to BTC rallying from $8,000 to $10,500.

Source: https://www.newsbtc.com/2020/05/05/3-glaring-signs-that-show-bitcoin-rocket-past-10000-coming-week/

[soxxx]

Final difficulty adjustment in 2 hours

https://btc.com/stats/diff

[xhomerx10]

Final difficulty adjustment in 2 hours

https://btc.com/stats/diff

 I sincerely hope there are many more 

[Toxic2040]

every journey begins with a step


climb the mountain
4h


resistance to support
D

[bitebits]

You guys with your stacked terabyte HDD’s. I’ll stick to the 1.44 MB not so floppy disks, conveniently strung together with a little help of ARJ. Even has a read only switch for eternal storage. Who needs blockchains.

[Cryptotourist]

Elon Musk is selling his two houses (worth about $40 mil in total) and saying, ostensibly, that he would have "no possessions" because:

1. he thinks that we are at a RE top
2. he became a "revolutionary" [after mouthing off something something about "fascists"]
3. he is moving to China
4. he is selling TSLA to some Middle Eastern sheiks and would move there (Dubai?)
5. he is moving to Mars
6. he merged with AI and is about to control us all
7. he is having a midlife crisis
8. he is using RE sales to fund his BTC purchases.

What's it going to be? Please come up with %% of probability if you like.

7 - 5 - 8, in that order.

[JayJuanGee]

This may have been our last opportunity to get coins for under $9k, boyz!!!!!

Edit:  Oops, FTFM ---- I am too slow in my typing.  

Hunt and peck all of my posts, you know?

 


Say goodbye to those boring sub $9k prices, and all the losers who forgot to pee pare their lil selfies for UPpity.
 

Pour another one out for the homies.

[Syke]

9k, we finally did it!

[HairyMaclairy]

I may be the only one here with no data worth saving....

[Raja_MBZ]

I may be the only one here with no data worth saving....

Mmmm not really. I'm with ya. I'm still sticking around with my laptop's 120 GB SSD, and about half of it is still empty.

[marcus_of_augustus]

Musk has only put 2 out of 6 Bel-Air Country Club properties up for 'owner sale'.

2 of more than 7 total 'houses' he's long on RE https://www.businessinsider.com.au/elon-musk-spent-100-million-on-six-houses-2019-12

Don't believe all the BS. He's definitely having a serious mid-life episode, his tweenie-looking goth girlfriend is knocked up and expecting any day, expecting to get a massive payout that is.

[Raja_MBZ]

I took delivery of 28 TB of spinning hardness today. Nothing gets my watery sap rising more than quality storage these days.

your wallet.dat file is that big?

nice

There must be a lot of bitcoins inside it.

[hodl_2015]

Elon Musk is selling his two houses (worth about $40 mil in total) and saying, ostensibly, that he would have "no possessions" because:

1. he thinks that we are at a RE top
2. he became a "revolutionary" [after mouthing off something something about "fascists"]
3. he is moving to China
4. he is selling TSLA to some Middle Eastern sheiks and would move there (Dubai?)
5. he is moving to Mars
6. he merged with AI and is about to control us all
7. he is having a midlife crisis
8. he is using RE sales to fund his BTC purchases.

What's it going to be? Please come up with %% of probability if you like.

9. He doesn't sleep enough.
10. Try owning 5 7 multi-milion houses, with staff and maintenance and everything, when spending 20/7 at work anyway.
11. He made a profit but it's not as good as investing in his own stock. (He has mortgages on those houses to buy stock anyway)
12. He is going back to Mars.