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Question: What happens first:
New ATH - 43 (69.4%)
<$60,000 - 19 (30.6%)
Total Voters: 62

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26366978 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (174 posts by 3 users with 9 merit deleted.)
ChartBuddy
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June 15, 2021, 07:01:25 AM


Explanation
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Every time a block is mined, a certain amount of BTC (called the subsidy) is created out of thin air and given to the miner. The subsidy halves every four years and will reach 0 in about 130 years.
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June 15, 2021, 07:07:05 AM
Last edit: June 15, 2021, 08:00:53 AM by shahzadafzal
Merited by cAPSLOCK (1), nutildah (1)

You know... as a fellow card player.  A deck of cards is one of the great analogies to a bitcoin key.  In fact a (well) shuffled deck dealt out offers 232 bits of entropy.  Just a few bits shy of a 24 word seed!  It can actually produce a 21 word seed.

But people do not realize how fantastically many possible combinations of a deck of card has (52! or ~8e67) In fact, did you know that it is EXTREMELY unlikely that a properly shuffled deck will repeat a sequence ever dealt from another properly shuffled deck?  As in, ever?  

For fun I actually dealt this sequence from this deck of bicycle cards sitting next to me:

6h9sQd2c5hAd4c7hTsKd3c8sJdAc4h7c9hQs2d5c8hJsTdKc3h6s9dQc2h5s8dJcAh4s7dTcKh3s6d9 cQh2s5d8cJhAs4d7sThKs3d6c  
-or-
6♥ 9♠ Q♦ 2♣ 5♥ A♦ 4♣ 7♥ T♠ K♦ 3♣ 8♠ J♦ A♣ 4♥ 7♣ 9♥ Q♠ 2♦ 5♣ 8♥ J♠ T♦ K♣ 3♥ 6♠ 9♦ Q♣ 2♥ 5♠ 8♦ J♣ A♥ 4♠ 7♦ T♣ K♥ 3♠ 6♦ 9♣ Q♥ 2♠ 5♦ 8♣ J♥ A♠ 4♦ 7♠ T♥ K♠ 3♦ 6♣
-or-
then viable coral multiply puppy inquiry clap camera rebel smile fish tackle pull pledge regular embark session inner select knock furnace

The first address in the BIP44 sequence would be 12hZ1awWPMo4tGfYeHqZL2bhJr3DRafsqK (or bc1qpfaa7ms34k42jwl8eymdnxxcm2hug7d35dvp3q if you want to save on fees).  You can use this seed along with the password I made you!

If one were traveling to another place and needed a way to transport a private key in a very inconspicuous way one could just have a deck of cards in their luggage in a specific order.  And it would have just as much randomness as a 21 word seed phrase.

Not suggesting people use cards to store their seeds.  Too fragile, and abstracted.  But still a possible thing.


This reminds me of one of the great explanation of 52! ever done, explained by Micheal Steven from Vsause in his Math Magic video https://youtu.be/ObiqJzfyACM?t=888

So apparently there are ~8e67 possible combinations and in comparison this universe (not only earth but whole observable universe) is just ~1e18 seconds old. So even if you have been dealing the cards every second ever since this universe begin 13.7 billions years you still would not even come close to the total numbers of shuffling combinations.

This was originally written by Scott Czepiel in a mind boggling practical representation of 52! https://czep.net/weblog/52cards.html

Must watch Vsauce video too, 52! explanation starts at 14:50 seconds into the video.
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June 15, 2021, 08:00:09 AM
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True story



@Bitboy_Crypto
When the student is ready...
https://twitter.com/bitboy_crypto/status/1404534028305379334?s=21
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June 15, 2021, 08:01:30 AM


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June 15, 2021, 08:13:49 AM
Merited by LFC_Bitcoin (2), Torque (1)

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June 15, 2021, 09:01:34 AM


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June 15, 2021, 09:15:44 AM
Merited by Gyrsur (1)

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June 15, 2021, 09:42:16 AM




https://www.youtube.com/watch?v=ouCncjMuzIA

Did you or did you not , READ THE ARTICLES THEY SENT YOU ? LMFAO
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June 15, 2021, 10:01:27 AM


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June 15, 2021, 10:11:36 AM
Merited by LFC_Bitcoin (1)

ChartBuddy working his magic.

Or maybe its a combination of Proudhoun/ChartBuddy juju, only future study will tell.

$40k and up, witch doctors orders.
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June 15, 2021, 10:55:21 AM
Last edit: June 15, 2021, 11:20:51 AM by Gyrsur

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Phase D (Accumulation)

The Phase D represents the transition between the Cause and Effect. It stands between the Accumulation zone (Phase C) and the breakout of the trading range (Phase E).

Typically, the Phase D shows a significant increase in trading volume and volatility. It usually has a Last Point Support (LPS), making a higher low before the market moves higher. The LPS often precedes a breakout of the resistance levels, which in turn creates higher highs. This indicates Signs of Strength (SOS), as previous resistances become brand new supports.
Despite the somewhat confusing terminology, there may be more than one LPS during Phase D. They often have increased trading volume while testing the new support lines. In some cases, the price may create a small consolidation zone before effectively breaking the bigger trading range and moving to Phase E.

don't want to counterfeit imitate prodhun but $38k may be possible the next days.  Roll Eyes
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June 15, 2021, 11:01:26 AM


Explanation
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yes


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June 15, 2021, 11:19:44 AM

ChartBuddy working his magic.

Or maybe its a combination of Proudhoun/ChartBuddy juju, only future study will tell.

$40k and up, witch doctors orders.

Communication systems yesterday. Economic systems now. Governance systems next.

Once you see it, you can't unsee.

It will go up forever, Laura.
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June 15, 2021, 12:01:35 PM


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June 15, 2021, 12:11:57 PM

@Dabs:

I side with Jay on the afterlife part. I would even say that the odds of it existing are far fewer than 1%. Perhaps 0+% (the + is for being scientific). As for your bet on it existing or not and where it will land you after you die, it's an interesting argument that many people use (i.e., winning this life vs. an eternal afterlife), but, according to almost all religious texts, this mindset will not land you in a nice place after you die, so you'd better pray there's no afterlife...

Its a little bit more involved than that, I guess you could say it starts with that mindset, until you change your way of thinking and willingness to help other people and your fellow brothers in humanity. Whether the answer is yes or no, I would like to live a life where I am remembered by at least a few that I have had it okay or good or something along those lines.

Proof or evidence is a matter of faith. One can not really see it, but either you take the leap or you don't.

The mindset I prefer is one stemming from love, not fear. Criminals fear law enforcement. Good people are good just because they feel good when they do good.
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June 15, 2021, 12:26:29 PM
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Now, that's a more reasonable take on Pascal's wager.
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June 15, 2021, 12:33:59 PM

OT:

Pink Floyd's Roger Waters turns down Facebook's offer of a 'huge, huge amount of money' to use a song, calls Zuckerberg 'one of the most powerful idiots in the world'

https://www.yahoo.com/news/pink-floyds-roger-waters-turns-065927923.html

Preach Roger, preach! Zuckerberg can fk off!  Grin
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June 15, 2021, 01:01:26 PM


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what is this "brake pedal" you speak of?


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June 15, 2021, 01:21:49 PM
Merited by JayJuanGee (1), bitebits (1)

The solution is simple: Get your head frozen and have this tattoed on your forehead:

In this brain is the seed code for 10btc. Restore me to life and it is yours.

Then when bitcoin will buy entire planets whole civilizations will devote their best scientists to reviving your sorry ass. And when you are revived you give them the 10btc wallet code...

Then walk out with your 100btc wallet code still in your head. And into a bright new future.

It's pretty much foolproof: If bitcoin craters then who wants to be alive for that. And if the world is a crapsack world you just kill yourself again.

 ...after removing that tattoo from your forehead of course.


also assuming the lizards/humans/whatever is here thousands of years from now dont just go digging bodies up and running their brain through the Key-O-Matic-4000 Blend-Tastic and run the juice through their pocket sequencer and pull that seed from your brain juice. then dump the rest of your brain in the compost pile.
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June 15, 2021, 01:23:51 PM

37k and hodling

not bad.

$37k won't hold and we all know it.

I am having trouble concluding that a mere bouncing around $37k is largely not holding $37k...

How much confirmed maths and science do you know?





It appears more than you . Confirmed
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