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

[JayJuanGee]

Every single move higher, beaten back down.

Until not...

 

That data ONLY goes to February 2021... and February 2021, it looks as if the mining share of China may well have been estimated to have been ONLY a bit above 40% at that time.

So seems that a lot of that mining power that had been in China in 2020 and even into early 2021, seems to have already been migrating out of China, and is not there as much by February 2021 (of course, 40% is still a decent amount)..   but sure, we might have to see how the data evolves in terms of how the mining share numbers look when we get reports from the last 3-4 months.. and sure it would be interesting to fill in the gap of data including March 2021 and thereafter - even though we really had seen the largest of mining hashrate drops in June 2021 with hashrate drops of -16%, -5.3% and -27% in the past three respective difficulty periods..  

Can see those historical difficulty drops, here on btc.com, and the current hash rate of about an estimated -4.5% drop approximately, here..  even though in the past several days the hashrate seems to be going back up quite a bit.. so that difficulty drop might not be so great this particular 2-week period, which is about to end and due to retarget in about 17.5 hours or so, as I type.. this post.

Edited: Added the links to specify a bit more on the numbers that I had initially outlined in this post.

 Good catch Mr. JJG!

Yeah.. thanks Homer... now there are ONLY 7 hours left in the difficulty period adjustment (as I type this post) and is looking like about -4.4% - ish... so makes it seem that bitcoin is doing its job in terms of the passage of time and the ongoing difficulty adjustments to seem to make it a bit more difficult for an attack to be going on.. but surely, we cannot really rest assured to completely negate such possibility of some kind of attack on the hashing power... but if mining is able to pick up in other areas (outside of China), it would be more difficult to be able to successfully pull off an attack on bitcoin or to sustain it from a Chinese angle - if such a thing were even part of any possible contemplated plan.....

Also, think about the matter of China's somewhat mystery coin (called a CBDC, right?).  I wonder if their CBDC is going to run the same mining algorithm as bitcoin or some other similar mining algorithm that would make the bitcoin miners effective on their CBDC and/or provide an incentive for China to want to co-opt some of that mining capacity/equipment?  That remains a part that we still need to see play out in the coming months and I am questioning if there might be some uncertainty in the bitcoin market regarding the possible direction of that - even though for sure bitcoin's price dynamics remains multi-causal, but if there is uncertainty in aspects of the market (including short-term price direction shenanigans.. even if not going to be successful), then sometimes it can take additional time for the uncertainty to reverse.. such as two more weeks^tm.

I agree with BoA on this one!  Buying a single bitcoin most certainly will be worth about 60 cars one day!

It's worth about 60 of my car right now.

Whoaza......!!!!!!

You need an immediate and irreversible car upgrade Richie.. or change your name by putting a "NOT" in front of it.

By the way (this is an after the fact edit), before I became richie.. I used to buy cars that were around 3-5 years old.. so most of the depreciation was out of them.. and then maybe drive them until they were 10 or more years old...   I have a relative who likes to drive cars until they seem to be in the ground and then repair himself.. but I found it quite strange that he had wanted to upgrade to a brand new SUV.. and then he traded in his maybe around 10-year old car (that had no real problems with it - except he just wanted a BIGGER car - and probably 4-wheel drive, I think), but kept his stupid-ass beater car of about 25 years old.. so I thought it was a bit ridiculous that he would not have gotten rid of the 25-year old car and kept the 10-year old car.. but peeps gonna peep.. cannot really stop them from the sometimes seemingly weird logic of their own lil selfies.

Q. what's gonna come first?
1. 40k
2. 20k

 

See above (top of the page)------ there's already a poll on that topic... largely.

[LFC_Bitcoin]

Q. what's gonna come first?
1. 40k
2. 20k

 

$40,000 by next Sunday.

[Arriemoller]

Well, my bitcoins are now worth less then they were six months ago, and yet I'm not particularly worried, why?
Because the 60K top does not look like a proper blow of top, it didn't go up sharp enough, it plateaued on 60ish K for a while and it didn't have a dead cat bounce, hence it wasn't a real super top.

Just my 25 öre.

[ChartBuddy]

Explanation

[Richy_T]

It occurs to me that the people who complain most about price volatility are exactly the people who are making the price volatile.

[nanobtc]

Just popping into ask a quick question.
Is there any free programs that can clean up/make an old movie file sharper.
I have some old VHS home movies that I moved to DVD a long time ago, but they are, well, VHS quality.
I wouldn't mind letting some AI make them 4K. Does anyone have any suggestions?

Not really "change to 4K", but you can tweak colors, contrast, and brightness. Openshot can do a lot of that. "Quality" is more data, you can't create data out of thin air that is not there in your source.

[Dabs]

(Don't get mad at me!   I agree with you that finding one of those private keys is IMPOSSIBLE.  But my inner AKCHUALLY needs to say the word practically in front of it not too be all itchy and scratchy inside.)

I use it the way Peppa Pig uses it. In the beginning of an episode, she hears Daddy Pig whistling, she tries it, fails, then says "it's impossible." Of course, at the end of the episode, she can finally whistle.

I mean, anyone can win the lottery right? Most people stop around that point and use the word impossible as a metaphor for winning the lottery, which is actually a small chance when you consider that most are 1 in 13 million.

To get hit by lightning twice in the same spot in the same hour is quite possible (and you'd be dead). To get hit by lightning in the same spot 60 times within 1 minute (or 1 bolt per second), I would say that is impossible. And you'd very much be dead, it is impossible you are alive if you got a direct hit by lightning 60 times in 1 minute.

Again, there are aliens, because there are a billion stars in a billion galaxies and a trillion planets ... we just won't see them for a really long time. It's possible.

[cAPSLOCK]

Just popping into ask a quick question.
Is there any free programs that can clean up/make an old movie file sharper.
I have some old VHS home movies that I moved to DVD a long time ago, but they are, well, VHS quality.
I wouldn't mind letting some AI make them 4K. Does anyone have any suggestions?

Hmm I have worked in media for a long time.  Nano is right.  There are no ways to make something out of nothing... or after things have been stripped away to guess them back in.

But there are certainly some techniques that might get you a few millimeters in the direction you want to go.  Sharpening filters (which will also add noise and weird aliasing), and probably some out of the box "restoration" tools.  I know a LOT more about the audio side of this though.

But I BET that we will see some interesting AI type filters developed in the not too distant future that might do what you want...  I would concentrate on getting the highest quality digitized version of your source as possible...  

https://www.thispersondoesnotexist.com/

[ChartBuddy]

Explanation

[Dabs]

But I BET that we will see some interesting AI type filters developed in the not too distant future that might do what you want...  I would concentrate on getting the highest quality digitized version of your source as possible...  

https://www.thispersondoesnotexist.com/

I've seen the cat and face one. Now they have chemicals and horses.
I've also heard about the AI ones that do voices, like there is one that almost perfectly does Obama's voice, using your own voice as input, so you speak, but the output sounds like Obama, in real time.

So many deep fakes out there. It's actually nice for Opsec as one can build a completely brand new identity based on these. Non-existent face, non-existent voice, ... ... combined with good old-fashioned fake account info with fake full name, fake address, fake social security number / phone number ....

[bitebits]

https://twitter.com/THEAMERICANHODL/status/1416419050213634053

[ImThour]

[ChartBuddy]

Explanation

[Hueristic]

Just popping into ask a quick question.
Is there any free programs that can clean up/make an old movie file sharper.
I have some old VHS home movies that I moved to DVD a long time ago, but they are, well, VHS quality.
I wouldn't mind letting some AI make them 4K. Does anyone have any suggestions?

I figured DLSS tech should be able to do this and did a quick google.

this should point you in the correct direction.

https://www.reddit.com/r/nvidia/comments/9lu3es/dlss_for_video_players/

[cygan]

https://twitter.com/BTC_Archive/status/1416412459573948418

would be nice to see the us-dollar note also

[Paashaas]

Bitcoin is in a 4-year cycle. Bitcoin finds support at the 1.618 Fibonacci in July of 13, 17, 21 (4 years apart!). The trend would show that Bitcoin will have a top in December of 21 at ~300k

https://twitter.com/MASTERBTCLTC/status/1416426996645597187

[ChartBuddy]

Explanation

[Greyhats]

Q. what's gonna come first?
1. 40k
2. 20k

 

Well this is easy 20k came before 40k

[cygan]

https://twitter.com/RD_btc/status/1416140529465798662

what would you take or choose?

[El duderino_]

Me eating and drinking way to much

Some time thinking

Who the f*** cares 40k btc….

It’s like a drop of oil on a hot plate, bring me some sats please