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

[redhack]

When will it make 50k new support? It couldn't hold there more.

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[BitcoinGirl.Club]

How are you doing WO brothers!

It's been long days and I am alive.

Observing at $49,270!

[Parazyd]

How are you doing WO brothers!

It's been long days and I am alive.

Observing at $49,270!

Strong hands!

Meanwhile I'm looking at all these people with "Legendary" status not caring and just enjoying themselves.

[BitcoinGirl.Club]

Strong hands!

Meanwhile I'm looking at all these people with "Legendary" status not caring and just enjoying themselves.

I won't argue. It was a well deserved break for me. Seeing bitcoin skyrocketing at $58k is something we all dreamed about. My personal target was $50k to have a decent jump and I am glad now it's past. Now I am looking at $100k and these days are very near for us.

[savetherainforest]

Strong hands!

Meanwhile I'm looking at all these people with "Legendary" status not caring and just enjoying themselves.

I won't argue. It was a well deserved break for me. Seeing bitcoin skyrocketing at $58k is something we all dreamed about. My personal target was $50k to have a decent jump and I am glad now it's past. Now I am looking at $100k and these days are very near for us.

June! ... (May.be end of May...... be).

[600watt]

law of physics did not prevent us from visiting moon, sending probes beyond the solar system, exploring other planets and moons of our solar system. it is purely the lack of funding and lack of awareness that keeps us from building a lunar station, sending astronauts to mars, start building a generational space ship, start building lots of ISS alike stations in orbit.

Lack of funding? Because that stuff is super extremely expensive.

Why it's so expensive? Laws of physics.

what exactly are you trying to tell me here? mankind too poor for space?

I'm trying to say that our expectations of future progress needs to be rooted in reality, instead of over-optimistic wishful thinking.

Reality is cruel and indifferent to our wishful thinking and daydreaming.

We can achieve pretty interesting things in space, as long as we stay within certain budgets.

But if we cross those limits, things get prohibitively expensive.

all fair. but i suspect that it this kind of reasoning that keeps us from achieving more.  as long as it is for good engineers, scientists, etc why not enlarge those budgets?

for that visions are needed. visions don´t arise from accountants but may be they also arise from wishful thinking and daydreaming.

i dont see your point.

i say "let us invest more" and you reply that investing more is more expensive.

as i said, some scientists from india successfully reached mars with a budget smaller than the hollywood movie "the martian" did use. let that sink in.

The Martian - Wikipediaen.wikipedia.org › wiki › The_Ma...

Budget, $108 million. Box office, $630.2 million. The Martian is a 2015 science fiction film directed by Ridley Scott and starring Matt Damon.

https://en.wikipedia.org/wiki/The_Martian_(film)

The total cost of the mission was approximately ₹450 Crore (US$73 million),[40][41] making it the least-expensive Mars mission to date.

https://en.wikipedia.org/wiki/Mars_Orbiter_Mission

[marcus_of_augustus]

I'm trying to say that our expectations of future progress needs to be rooted in reality, instead of over-optimistic wishful thinking.

Reality is cruel and indifferent to our wishful thinking and daydreaming.

We can achieve pretty interesting things in space, as long as we stay within certain budgets.

But if we cross those limits, things get prohibitively expensive.

... it's not so cut and dried as you make out. Costs are based on the wealth of knowledge available. E.g. a SpaceX Starship technology drastically reduces cost to LEO.

... monetary wealth is a claim on resources. But a claim on the technology resources of late 1800 got you a big steamer and a railroad, today it's a Starship ... tomorrow?

... knowledge is the true wealth and ultimate limitation on resources ... economics is not a fact-based science, the only true resource constraint is knowledge ... human grey matter (maybe AI soon?)

... gravity is still a mystery to be solved, it is not what you think it is. When humans are ready, gravity will be solved and knowledge, energetic and technological wealth (and inherent risks) will come from that too. Starship will look like a S. Pacific Islanders paddling canoe when the gravitic technologies arrive.

[vapourminer]

Now, space elevators are another topic. We don't have the materials right now but fun stuff like if one collapsed, it would wrap around the world a couple of times (IIRC).

the circumference of earth is 24k miles. a space elevator woiuld need to be up probably 22k-26k miles. i guess it depends if this wrap would follow a circumference line or a smaller one. nice problem to think about. thx.

well not if youre in its path when it falls heh

as someone mentioned larry niven has written about them, both in essays and in his fiction. anything by him is good reading.

[AlcoHoDL]

How are you doing WO brothers!

It's been long days and I am alive.

Observing at $49,270!

AA = AlcoHoDLics Anonymous... We're alive too.

Welcome back dear brother.

Yes, $49k. Ant price if you ask me.

Double-k digits have grown to be quite boring IMHO. No fun anymoar. New Carolina excitement should come when we conquer $100k.

[Wilhelm]

How are you doing WO brothers!

It's been long days and I am alive.

Observing at $49,270!

Strong hands!

Meanwhile I'm looking at all these people with "Legendary" status not caring and just enjoying themselves.

Exactly this is just BTC going from weak to strong hands.
Some want out, others want in.

The longer we are at this level, the more will be invested at this level. Incentives to sell will diminish IMO...
Then we go up again....

Also keeps BTC out of the news. The later the FOMO the higher we go  

[Wilhelm]

Now, space elevators are another topic. We don't have the materials right now but fun stuff like if one collapsed, it would wrap around the world a couple of times (IIRC).

the circumference of earth is 24k miles. a space elevator woiuld need to be up probably 22k-26k miles. i guess it depends if this wrap would follow a circumference line or a smaller one. nice problem to think about. thx.

well not if youre in its path when it falls heh

as someone mentioned larry niven has written about them, both in essays and in his fiction. anything by him is good reading.

I actually calculated how to build a space elevator for fun but it boils down to the following.

Nanofibers aren’t strong enough to bridge the 32000km to geostationary orbit.
The weight of the fiber itself will snap it. Yes taking account the gravity but ignoring weather.
To do it you would need to go from thick(up in space, low grav) to thin(earth) to pull it off.

The smallest configuration with 1mm^2 coming down from space will take approx two full Falcon heavies (largest rocket) with spools of fiber into geostationary orbit. Glueing the fibers in space is hard. Generating the fibers in space might be better.

You need a counterweight to stop it all coming down to earth 

You need anchor it on the equator.

Then you need to do above process a dozen to a few hundred times before you can send any payload or human into space.

Going to geostationary orbit at 100km/hr would take 320hrs so the trip would take 2 weeks going straight up

[dieselmeister]

When will it make 50k new support? It couldn't hold there more.

The Problem are the EMA Lines ... Someone put the price down there ... Now we fighting to get up those lines ... fucking game ...

[vapourminer]

You need a counterweight to stop it all coming down to earth 

yup, geosync orbit is the midpoint of the elevator. well, more or less. as you say it needs a counterweight further out so it doesnt need to be the actual midpoint. one can go with no real dedicated counterweight, just make the cable twice as long and use the mass of the cable itself thats past geosync as the counterweight.

i believe you can sling stuff off the far end too if its just cable past the geosync point. iirc.

but you know this of course, this is for those who havent looked into it.

didnt Arthur C. Clarke 1st came up with the space elevator concept?. Fountains of Paradise.

[Phil_S]

all fair. but i suspect that it this kind of reasoning that keeps us from achieving more.

Reality-based reasoning keeps us from achieving more? Come on.

i say "let us invest more" and you reply that investing more is more expensive.

I'm fine with investing more, like 2x or 3x.

But some of the pie-in-the-sky ideas I hear here require spending 100x or 1000x more. Is it possible?

Even worse, some daydreamers don't even think about the costs. Or even laws of physics.

They think the 'magic of technology' plus 'magic of positive thinking" can solve absolutely everything. And soon.

[philipma1957]

all fair. but i suspect that it this kind of reasoning that keeps us from achieving more.

Reality-based reasoning keeps us from achieving more? Come on.

i say "let us invest more" and you reply that investing more is more expensive.

I'm fine with investing more, like 2x or 3x.

But some of the pie-in-the-sky ideas I hear here require spending 100x or 1000x more. Is it possible?

Even worse, some daydreamers don't even think about the costs. Or even laws of physics.

They think the 'magic of technology' plus 'magic of positive thinking" can solve absolutely everything. And soon.

Nope hard work and persistance  solves a lot of problems.

The idea that gold becomes as common as coppers possible and would change the world we live in. Bigly.

Does it mean we see it today? nope.
Does it mean we see it tomorrow? nope.
Does it mean if you are storing billions in gold you should shift some to BTC? maybe.



Does it mean if you are storing billions in gold stop stacking your gold and start stacking BTC? I would say yes absolutely and at the least stack some of both.

My advice to all you rich ass motherfucking billionaires consider the above in bold and really think about it.

[Richy_T]

law of physics did not prevent us from visiting moon, sending probes beyond the solar system, exploring other planets and moons of our solar system. it is purely the lack of funding and lack of awareness that keeps us from building a lunar station, sending astronauts to mars, start building a generational space ship, start building lots of ISS alike stations in orbit.

Lack of funding? Because that stuff is super extremely expensive.

Why it's so expensive? Laws of physics.

I think we've seen from the latest couple of rounds of government expenditure that claiming space exploration as expensive is laughable. In the face of 2 trillion dollars of pork, 150 billion for the ISS looks like pocket change.

[dieselmeister]

and again ... shortly up to 50,6k ... now down again in very short time under 50k ... no manipulation at all ... pure market ...


BUT could been a long REKT ... But I would suggest a short REKT when the price gone up ...

[BitcoinBunny]

law of physics did not prevent us from visiting moon, sending probes beyond the solar system, exploring other planets and moons of our solar system. it is purely the lack of funding and lack of awareness that keeps us from building a lunar station, sending astronauts to mars, start building a generational space ship, start building lots of ISS alike stations in orbit.

Lack of funding? Because that stuff is super extremely expensive.

Why it's so expensive? Laws of physics.

I think we've seen from the latest couple of rounds of government expenditure that claiming space exploration as expensive is laughable. In the face of 2 trillion dollars of pork, 150 billion for the ISS looks like pocket change.

In 100 years 1 BTC probably buys you a Starship Enterprise whilst the FED are printing 10 trillion trillion trillion dollars.
If I could live that long I'd be on the holodeck with Jeri Ryan.

[Phil_S]

Fresh 'scientific' FUD:

https://www.sciencedirect.com/science/article/abs/pii/S2214629619302701

Results indicate that in 2018, each $1 of Bitcoin value created was responsible for $0.49 in health and climate damages in the US and $0.37 in China.

Further, with each cryptocurrency, the rising electricity requirements to produce a single coin can lead to an almost inevitable cliff of negative net social benefits, absent perpetual price increases. For example, in December 2018, our results illustrate a case (for Bitcoin) where the health and climate change “cryptodamages” roughly match each $1 of coin value created.

 

[DaRude]

Good Morning WOvians ... So we had a huge dump from our friend the fuck2pool again this night to get the price down under 50k ... luckly we closed yesterday over 50k. We had a nice breakout to the upper side of the bull-flag ... and it seems to be goingupwarts until a bigger dump cam up. My suggestion is again a couple of thousands corns were dumped from fuck2pool ...

Where do you get the data for f2pool?

Also, don't be too worried, the market will eat up all their coins. In addition, I think they are a chinese pool right? this means if they say they have a million coins they actually have no more than 100k. The chinese are so full of shit, they big note themselves at every moment. It's for 'face' everything is about face for these tossers.

CryptosRus makes several videos about this. They aree the only once how has and bitcoin outflow since december. And maybe it'S because they have mining farms in regions, where they forbidd mining in the future. Nobody knows, why they doing it, but they doing it. Nevertheless the number of coins they are moving ... Add several thousend to the market and the price is suffering. The same, add fiat money to the market and the price will go up.

Cryptoquant is one source. You can see the daily outflow for free. The hourly outflow you have to pay for it.

https://cryptoquant.com/overview/full/227?window=day

To be clear. We can trade millions of coins between us, there is not much price movement. You have to put in fresh (fiat) money, than the price goes up or you put "fresh" coins to the market and the price is going down.
In the long run they will loose and their coins will be eaten up. But they can cause movement around some key points and invalid outbreak on patterns for example or put us under a psychological barrier ... So don'T underestmated the force of 8400 addtional coins on the market... Yesterday, for example.

You are right, if we have a massive buyer market, then they coins will be eaten up very fast!

Thanks for the link.

Yeah, long term is the way. I'm not going to deny that the short term movements from these sort of things don't suck, but long term its upward with f2pool sliding into irrelevancy.

Btw. 8400 Coins sems small when you see the movment on the market. But these are 420.000.000$ .. these are 42% of what michael put in fiat on the market. So 400 M$ has an impact in both ends. In fiat also in coins ...

willy woo says that glassnode data that checks the pool sales on exchanges does not at all hint any big f2pool sell.

So if they're tracing the outflows of f2pool, why can't they show remaining balance? This is bitcoin we're talking here right?

Plus i doubt that it's them, shouldn't Gox be liquidating their coins to pay out  the claims that decided to be settled in cash soon?