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Question: When will BTC get back above $70K:
7/14 - 0 (0%)
7/21 - 1 (1.1%)
7/28 - 11 (11.6%)
8/4 - 16 (16.8%)
8/11 - 7 (7.4%)
8/18 - 5 (5.3%)
8/25 - 7 (7.4%)
After August - 48 (50.5%)
Total Voters: 95

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26448960 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.)
NeuroticFish
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June 29, 2021, 06:02:42 PM
Merited by JayJuanGee (1)

Sorry, I might not have been following the default judgement matter sufficiently because surely there could potentially be ways to still make an appearance and to preserve identity, but once a default judgement is handed down, then it would likely be harder to appeal any aspect of it.. And, in any event it seems like a potentially reasonable point in terms of merely removing the posting of the whitepaper (or the cite) from the UK.  I wonder if that resolves the issue?  Of course, there is the matter of the fine and whether to pay it, too.  Seems like paying it would more clearly cause that issue to go away, but there could be some options regarding that matter too... It would not be good to cause any situation that gives any hooks to shut down an otherwise valid website, such as the nonpayment of a fine... so of course, legal counsel would be beneficial to consider the weighing of options.

First, they may have to hand him a paper telling that he has to comply to certain things. And this may be difficult without an identity.
Second, COPA has also started this year a trial against faketoshi and after they win that one a second trial may be needed to "fix" this.
But what I'm telling is what I think it's logical, I don't know that much about how legal system works. (And the result of the current trial looks far from logical.)
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June 29, 2021, 06:13:43 PM

My point was that in 10 or 20 years, for all practical purposes, you can consider bitcoin mined out already, and safely assume a nice round number of 20 million coins.

That does not even account for the lost coins and the locked-by-satoshi coins, which could be anywhere between a million and 5 million coins.

My conclusion therefore, which is intentionally vague and not accurate, is that over time, bitcoin is going to $1m USD per coin, and then much later on in another 10 to 20 years it's going to shoot up to $5m to $10m to $50m to $100m, and probably before the year 2140. My guess is 2070, but I'll probably be dead by then unless average life expectancy goes up.

I'm not coming up with any hard numbers for the conclusion, because the factual numbers are going to be as already stated. I may be off by a few years depending on average block times and if miners turn on or off their equipment, but on average blocks still happen every 10 minutes.

Once we have 99% of all coins mined, the value of each one is going to skyrocket into the stratosphere, into outer space, into mars, beyond pluto, whatever.

Always a good idea to have a small percent of all the fire ever, that which can not be generated more than 21 million.
JayJuanGee
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June 29, 2021, 06:38:04 PM

My point was that in 10 or 20 years, for all practical purposes, you can consider bitcoin mined out already, and safely assume a nice round number of 20 million coins.

That does not even account for the lost coins and the locked-by-satoshi coins, which could be anywhere between a million and 5 million coins.

My conclusion therefore, which is intentionally vague and not accurate, is that over time, bitcoin is going to $1m USD per coin, and then much later on in another 10 to 20 years it's going to shoot up to $5m to $10m to $50m to $100m, and probably before the year 2140. My guess is 2070, but I'll probably be dead by then unless average life expectancy goes up.

I'm not coming up with any hard numbers for the conclusion, because the factual numbers are going to be as already stated. I may be off by a few years depending on average block times and if miners turn on or off their equipment, but on average blocks still happen every 10 minutes.

Once we have 99% of all coins mined, the value of each one is going to skyrocket into the stratosphere, into outer space, into mars, beyond pluto, whatever.

Always a good idea to have a small percent of all the fire ever, that which can not be generated more than 21 million.

Yes... of course, the halvening of the issuance of the new BTC supply can be spoken of from a variety of angles, and for sure you are not going to get any fight from me in regards to the extent of ongoing upwards price pressures that seem to be a logical conclusion - even though the whole situation is one that remains unclear about whether such exponential increases in scarcity - which also does not completely account for the ongoing lost and inaccessible already issued supply, as you mentioned...

So surely we are going to continue to experience game dynamics from this, and there are some lackings of clarity if the seeming extremeness of the actual shortage is going to require fixing or not.. We likely already realize that some entities are already engaged in fractional reserve shenanigans, and of course the more that the fractional reserve practices are called into question or even physically called out by demanding keys, the more clear it might become that the shortage of actual BTC continues to have ongoing upwards and exponential price pressures on BTC, and especially seeming to be the case with adoption likely continuing to exponentially increase, too.
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June 29, 2021, 07:01:27 PM


Explanation
OutOfMemory
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June 29, 2021, 07:01:59 PM

BTW
CSW
WTF

few...  Angry
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June 29, 2021, 07:11:11 PM


The poetry is nice. So is Jobberwocky, but I don't believe in the existence of jabberwocks or vorpal swords, and neither do I believe any majestic bull run is forthcoming.
JayJuanGee
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June 29, 2021, 07:24:43 PM


The poetry is nice. So is Jobberwocky, but I don't believe in the existence of jabberwocks or vorpal swords, and neither do I believe any majestic bull run is forthcoming.

Glad to meet you, dear four-legged sir...


$35k as of nearly 10 hours and counting.

Perhaps, another 9 days and 14 hours and you will be proven a fool one more time, again.

What else is new?  

You are used to been proven a fool, over and over and over, no?  

It's like a proudhon past-time consistency, no?  Something that we can count upon, even though sometimes we may well have to wait a wee bit for the unequivocality of the four-legged fool to play out by maths and sciences.  hee haw.    Wink Wink
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June 29, 2021, 07:27:28 PM

https://www.youtube.com/watch?v=3Y71iDvCYXA
Elwar
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June 29, 2021, 07:44:05 PM
Merited by El duderino_ (3)

Update on Panama.

I just spoke with one of the guys that is working with the Panamanian congressman about the Bitcoin legislation. This guy is the guy that everyone in the Bitcoin community knows and he's definitely the right guy to be involved. We were all surprised that the congressman didn't reach out to anyone because someone would have known.

He tells me that they've started working on it but it definitely won't be as good as the El Salvador legislation. And it's being proposed by an independent party member so the ruling party will not want to give him a win so the final law will likely look like shit.

But at the very least, they're including actual bitcoiners that are using bitcoin on a daily basis so it will have some intelligence behind it.
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June 29, 2021, 07:56:25 PM
Merited by sirazimuth (1)


Thanks. Now my ankles hurt.
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June 29, 2021, 08:01:26 PM


Explanation
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June 29, 2021, 08:21:34 PM


Shenzhenians?

I just hunted this down and it looks to me like its from here originally.

https://www.cryptouniverse.at/shop/antminer-s9-bulk-refurbished-fob-shenzhen/
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June 29, 2021, 08:24:58 PM


https://www.youtube.com/watch?v=0P-_GH6y2ik
marcus_of_augustus
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June 29, 2021, 08:50:38 PM



... "my ankles hurt hon"
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June 29, 2021, 08:58:21 PM

Crabs, crabs, everywhere.

Aha, there is a name for the pattern, bullish crabs, thanks.

I like it. I think also of note is the parabolic curve that can be observed on the hourly chart. Very symmetrical, revealing strong control by a sophisticated algorithm. This reeks of institutional HFT in my opinion.
edit- cAPSLOCK has a very nice chart showing this presumed object a few post's down thread.

JPM advising investors to hold off buying as there will be corn at $16k, whilst they are busy hoovering up anything sub £35k.

I am not convinced these institutions have reached the enlightenment stage yet with Bitcoin and are still treating it like a conventional asset.

Fake Satoshi perjured himself yesterday and was v happy with the "default" judgement in the London Court, as always there is one law for the poor and no law for the rich.

Same goes for Musk any other person without substantial wealth would have faced the SEC with possible jail time for market manipulation via his tweets.

However I loath that lowlife POS CSW, whilst Musk basks in the sunshine in comparison.

I agree that there might have been other option besides defaulting in this case. I think a competent barrister could have argued for a sealed proceeding on the grounds of possible bodily harm or some other form of retaliation being made upon the defendant if his identity had been revealed to the general public. I also think that if there were financial considerations that kept this case from being defended properly that the Bitcoin community would have rallied in support. I also agree that the disparity between the haves and have nots in most judicial systems is a heinous thing. I think Elon Musk is more clever than most give credit for, it could just be he was tweaking the nose of the SEC and exercising his right to free speech. I do not care for his obsession with dogecoin even though it is a interesting community with tremendous support. I remain unconvinced of its long term store of value properties and usefulness. There is only one person who really knows the motive and I don't believe the man has time or the inclination to explain to us mere mortal's.

First glimmer of daybreak. Long working day ahead.

Have a good day all.

Day late and a dollar short probably but have a good day as well Farmer Bill.


If we can bump up past here it's pretty clear to 38k.  But there is no actual volume.

What we seem to have is a bullish small player, retail.  And whales selling .

I am not sure I agree with this premise. Without people selling, there are no people buying. Without people buying, there are no people selling. I don't whale's need or want to sell at this point of the adoption curve.


Of course, it is your choice regarding how amorphous you want to be in terms of presenting your information in the thread in terms of what you know and why you might have arrived at some of your speculative conclusions, whether posting about BTC or other related areas that we might touch upon here from time to time. 

I appreciate having choices and I really appreciate the diversity of this thread. The people here are amazing and the range of discussion is quite stimulating. I do not believe I am being inchoate in presenting any information and have not touched at all upon what I know and don't know. I do think there is a lot more I don't know than there is I know. I think I am confused now, no matter.

But, yeah if you want to come off as if you are smarter than everyone else, that could be problematic... but do as you wish.. I have no problem with your participation, and likely with the passage of time, many of us will get to know you better anyhow, so long as you continue to post and provide various kinds of information... however, if some of your information seems in need of details, seems misleading or disingenuine or raises questions about how you are arriving at your conclusions, don't be surprised if some people might question your intentions or your reasons for raising such topic(s)...   

I hope I am not coming off that way. That is not my intent at all and I think there are many people here who are far more educated and much smarter than me. I think everyone should raise questions if what is posted appears to be misleading or shows a lack of relationship with whatever the current topic of discussion might be.

Personally, I appreciate coming across some potentially new perspectives in the thread, but of course, if I believe some aspects of your posts (or the posts of any other member for that matter) are problematic in one way or another, I am not going to be easily cowed or dissuaded in terms of saying my piece in the way that I have decided to do so.. Of course, I don't read every post, and sometimes I don't feel that I understand some posts sufficiently enough to respond (or sometimes some posts might not raise any point that interests me at the moment I come across the post), so there are those angles, too...

New perspectives are the bread of life in my opinion. I surely hope anything I have said has not dissuaded you from thinking what you want and stating it on a public forum. I don't think many have the time or inclination to read and especially respond to the many post's that flow through this thread. It sure is fun trying though.

In any event, so far, you have made some somewhat interesting points and posts... even if I have not agreed with several of them.

I agree with you on that and the feeling is mutual.  Smiley



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June 29, 2021, 09:01:35 PM


Explanation
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June 29, 2021, 09:06:16 PM
Merited by fillippone (2)

@Fillippone.... Be ready, Friday we have our H2H  Cool

May the best team win and lets hope for an awesome game...

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June 29, 2021, 09:09:16 PM

@Fillippone.... Be ready, Friday we have our H2H  Cool

May the best team win and lets hope for an awesome game...



My body is ready.
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June 29, 2021, 09:27:40 PM



Artist depiction of Bitcoin blackhole consuming JPMorgue neutron star (shriveled corpse of a former sun)
JayJuanGee
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June 29, 2021, 09:37:26 PM

Of course, it is your choice regarding how amorphous you want to be in terms of presenting your information in the thread in terms of what you know and why you might have arrived at some of your speculative conclusions, whether posting about BTC or other related areas that we might touch upon here from time to time. 

I appreciate having choices and I really appreciate the diversity of this thread. The people here are amazing and the range of discussion is quite stimulating. I do not believe I am being inchoate in presenting any information and have not touched at all upon what I know and don't know. I do think there is a lot more I don't know than there is I know. I think I am confused now, no matter.

For sure there is no need to agree in these here parts so long as you are not presenting information about shitcoins, then there's should be no problem batting around ideas.

Even some of us who might seem to hold strong opinions might agree to bend our views here and there if you present facts and or logic in a way that makes reasonable conclusions, and surely there are a lot of angles to discuss the bitcoin topic, whether you believe or not about what seems to be underway the greatest wealth transfer in history.  Not even sure I believe it, though it seems to be happening.




But, yeah if you want to come off as if you are smarter than everyone else, that could be problematic... but do as you wish.. I have no problem with your participation, and likely with the passage of time, many of us will get to know you better anyhow, so long as you continue to post and provide various kinds of information... however, if some of your information seems in need of details, seems misleading or disingenuine or raises questions about how you are arriving at your conclusions, don't be surprised if some people might question your intentions or your reasons for raising such topic(s)...   

I hope I am not coming off that way. That is not my intent at all and I think there are many people here who are far more educated and much smarter than me. I think everyone should raise questions if what is posted appears to be misleading or shows a lack of relationship with whatever the current topic of discussion might be.

I doubt that there is any such thing as a "current topic" in the sense that you would be limited to bring up whatever you want.

Sometimes, if you don't get any responses, you can just keep bringing up the subject until someone responds, or present it in another way, and sure some guys are irritating in that regard, and others are more tactful.  Over the years, I had been told to fuck off numerous times, and didn't stop me, even though sure some guys still don't like anything that I say.. so again, we don't necessarily need to agree.

Furthermore, the current owner of this thread, infofront (for the last 4 years or so, no?) is not too likely going to delete any of your posts so long as you are not posting really ridiculous and repeated shitcoin nonsense, and even if you do that, he might let it slide for a while, and the forum admins do not get too involved in this thread either - absent really abusive forum-wide rule breaches... so even staying on topic is not even a rule for this thread, even though some members here might end up complaining about you.. but so far no one has really complained about you in the open... that I have seen.. --- and it might not even matter if we did.. so long as you have some substantive content here and there, there is quite a bit of tolerance in these here parts, seems to me... actually it seems to even be better these days, after infofront took over as thread owner as compared to pre-2017 or whenever it was that this thread was transferred over to him.

Personally, I appreciate coming across some potentially new perspectives in the thread, but of course, if I believe some aspects of your posts (or the posts of any other member for that matter) are problematic in one way or another, I am not going to be easily cowed or dissuaded in terms of saying my piece in the way that I have decided to do so.. Of course, I don't read every post, and sometimes I don't feel that I understand some posts sufficiently enough to respond (or sometimes some posts might not raise any point that interests me at the moment I come across the post), so there are those angles, too...

New perspectives are the bread of life in my opinion. I surely hope anything I have said has not dissuaded you from thinking what you want and stating it on a public forum.

It will probably take quite a lot to stifle me.. could be thought of as a positive or a negative I suppose.

I don't think many have the time or inclination to read and especially respond to the many post's that flow through this thread. It sure is fun trying though.

Of course, way too many posts, and more difficult to keep up during BIG BTC price moves, and sometimes 30 pages in a day during those kinds of times. 

Of course, a bit easier after you get to know a few members.. yet some members who had not posted for a few years, might jump into the thread from time to time too, so sometimes it is good to have some idea who they might be, but of course, not completely mandatory.. I have embarrassed my lil selfie a few times in my interactions.

In any event, so far, you have made some somewhat interesting points and posts... even if I have not agreed with several of them.

I agree with you on that and the feeling is mutual.  Smiley

Maybe we will work out some items, and maybe not.. should not matter too much either way, and I am pretty sure king daddy gives few shits whether we like each other or not...  hahahahaha

By the way, I try pretty hard to not hold grudges, so I might not agree with you about a lot of things, but if you make good posts or points, I am not going to deny if you have made some good points or even respond to points that you make if they are good ones.. or provocative ones with which I disagree.....  but yeah, merely because you post, does not necessarily mean that anyone read what you posted or understood it.. so sometimes it may take a bit of back and forth to clarify what was meant.. .. so sometimes I might interact with a member through several posts before realizing that I misunderstood what was being said 3 to 4 posts earlier.
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