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

[hafiztalha]

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[philipma1957]

A general calculation of assets and BTC

 Total global assets ~ $900T

 Roughly ~ 15M available BTC

 If Bitcoin’s market cap acquires 1% of global assets, we have a $9 Trillion asset class.

 $9T / 15M = $600,000 BTC

 What are your thoughts on this

Where and how did you find the global assets are 900 trillion?

why do you think 15 million BTC are available?


https://www.blockchain-council.org/cryptocurrency/how-many-bitcoins-are-left/

19 million are mined no matter what anyone says all 19 million are 'possibly' available.

Ie all 'lost coins' could simply be recovered and reissued by developers.

Yes very simple... have fun with your new "developer" fork...

...
So 1 percent = 5.2 trillion/ 19million = 273,684 USD a coin
...

That's not the price 5.2 trillion going into BTC would generate.

It's the same like thinking that if someone bought 570 Billion $ of BTC now, it would only double the current price to 58000$.

No 5.2 trillion market cap for BTC is not same 5.2 trillion going into BTC . I should be more clear as I did mention shifting wealth so it would seem like that I meant people spend 5.2 trillion to buy all the btc. As John Galt said it would be more complex than  stocks trading for btc or  gold trading for btc.



But yeah if you tried to buy every coin in existence  the market cap could go to 15 trillion.






As for developers freeing the lost coins they likely will one day. Unfortunate that will take more than 30 years from now maybe 2080.

So I won't live to see it.

I am almost certain that if BTC does succeed those coins will be freed down the road.

But it is arguing a point in time so far away it does not affect me and likely very few of us would be alive to see it happen.

I don't see why any holder of BTC would want to have dormant or lost coins hitting the market and decrease their networth

I can give you a long list of reasons why it will happen. But when you talk about the year 2080 no one really knows what is relevant.

Just remember holders of coins do not vote since there is no staking. Well maybe one can say LN is kind of like staking.

hodlers always have the last word.  they choose which fork has value and gets used.
now, why should hodlers value a fork where devs are distributing coins that are not theirs, thereby diluting the available supply, and even worse, destroying Bitcoin's NYKNYC-feature?

@philipma1957

Sorry for my persistence, but I'm actually still waiting for some of your "long list of reasons" that answers my above question....

I won't be discussing any more than this one 'greed'.

The only way forfeiting old stale coins does not happen by 2080 is BTC is not worth much money. It lost out to LTC/DOGE due to the superior reward structure of the scrypt algo for miners

If it is 2080 and 2-3 million coins have sat in place from 2009- 2013 era a call for reclaiming them will happen. Thus boosting the payment/rewards for miners.


Look at BTC as wealth for power which is pretty much what satoshi said it is.

Look at LTC/DOGE as wealth for power it is an improved method of rewards for the power.

Does this mean I think BTC is not a good as LTC/DOGE not really .

I hold  in dollar value

84 percent BTC
 4 percent  LTC
10 percent DOGE
  2 percent odd ball crap


But Other than my BTC DCA  all coins in my stack are acquired via mining.

So my mined coins are a discount buy in every case.

If you look at a miner as a $$$ per watt machine the L7 is better than the s19 xp

same watts in each case


the s19 xp makes 141 x  $0.0721 = $10.16 in btc a day
the L7 makes 9 x $ 2.1832 = $19.6488

So if you are spending 75kwatts a day for either one which is better by satoshi's definition (power into wealth) the L7 is about 2x better.

As time marches on the Scrypt algo will always be better due to Doge's set 10,000 coins a block.

If you don't see this you are blind to the future. Le tus  say 2080
(I will be very dead then by then as I would be 123 years old in 2080)

LN won't really be the greatest fix for this as LTC and DOGE can do LN

Of course the argument I make depends on POW existing in 2080.  It is a long time from now.

Which is why I hold 84% BTC and 14% LTC/DOGE

Every ½ that happens from now on under current setup favors LTC/DOGE in long run.

But as I said beta lost to vhs and BTC could certainly keep its edge over LTC/DOGE for longer than I think.

In all practicality it does not matter to me as I won't live to see the issues I am discussing.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[philipma1957]

Guys!  There just may be a way to stick around for the final Bitcoin halving...

https://www.businessinsider.nl/a-46000-year-old-worm-found-in-siberian-permafrost-was-brought-back-to-life-and-started-having-babies/

"A 46,000-year-old worm found in Siberian permafrost was brought back to life, and started having babies

 Scientists discovered a female microscopic roundworm
 that has been stuck deep in Siberian permafrost for
 46,000 years, the Washington Post reported. When
 they revived it, the worm started having babies via a
 process called parthenogenesis, which doesn't
 require a mate..."

 I wouldn't recommend you immediately begin parthenogenesis when you're revived though...  check the bitcoin price first.

Once Bitcoin goes dormant, will it be possible to revive Bitcoin?

Yes

Satoshi talked about a second cycle of 21 million coins in 2140. I and others have mentioned reclaiming the stale lost coins 2-4 million could be stale or lost.

These are just a few ways coins could recycle or be reborn.

[FinePoine0]

Government's #Bitcoin    views, in summary:

2009:  ...
2015:  what is #BTC   ?
2019:  let's censor #BTC   
2023:  let's regulate #BTC   
2025:  let's get some #BTC   
2030:  let's get more #BTC    than them
2045:  let's put everything in #BTC   
2075:  we've lost most of our power because of #BTC   
Details

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Learn Bitcoin]

Guys!  There just may be a way to stick around for the final Bitcoin halving...

https://www.businessinsider.nl/a-46000-year-old-worm-found-in-siberian-permafrost-was-brought-back-to-life-and-started-having-babies/

"A 46,000-year-old worm found in Siberian permafrost was brought back to life, and started having babies

 Scientists discovered a female microscopic roundworm
 that has been stuck deep in Siberian permafrost for
 46,000 years, the Washington Post reported. When
 they revived it, the worm started having babies via a
 process called parthenogenesis, which doesn't
 require a mate..."

 I wouldn't recommend you immediately begin parthenogenesis when you're revived though...  check the bitcoin price first.

I prefer a working time machine or an Arabic genie who can fulfill my three wishes!
In both cases, I will travel to the early days of Bitcoin and mine as many Bitcoin as I can.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Out of mind]

You never sell your BitcoinBTC

source

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[OgNasty]

Guys!  There just may be a way to stick around for the final Bitcoin halving...

https://www.businessinsider.nl/a-46000-year-old-worm-found-in-siberian-permafrost-was-brought-back-to-life-and-started-having-babies/

"A 46,000-year-old worm found in Siberian permafrost was brought back to life, and started having babies

 Scientists discovered a female microscopic roundworm
 that has been stuck deep in Siberian permafrost for
 46,000 years, the Washington Post reported. When
 they revived it, the worm started having babies via a
 process called parthenogenesis, which doesn't
 require a mate..."

 I wouldn't recommend you immediately begin parthenogenesis when you're revived though...  check the bitcoin price first.

I prefer a working time machine or an Arabic genie who can fulfill my three wishes!
In both cases, I will travel to the early days of Bitcoin and mine as many Bitcoin as I can.

Mining the Bitcoin was never the hard part. The hard part was always not selling it for massive gains because you don’t care about the money and then watching it become more money than you need. The type of person who wants to go back in time to make easy money is the type of person who would still cash most of it in early to spend before it turns into something life changing. It isn’t opportunity people lack, it’s greed that puts a ceiling on how high they can go.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[JayJuanGee]

🚀🔥 #Bitcoin  bear market is over.   The worst is behind us.  Liquidity will swoop into #BTC  soon.  Get ready for liftoff. 📈🌊💪
 #HODL

Source.

How do you know?

Squiggly lines are telling you?

I wouldn't recommend you immediately begin parthenogenesis when you're revived though...  

Sounds like it might not need a condom.

check the bitcoin price first.

This is another story...   it might require a condom.

Guys!  There just may be a way to stick around for the final Bitcoin halving...

https://www.businessinsider.nl/a-46000-year-old-worm-found-in-siberian-permafrost-was-brought-back-to-life-and-started-having-babies/
"A 46,000-year-old worm found in Siberian permafrost was brought back to life, and started having babies
 Scientists discovered a female microscopic roundworm
 that has been stuck deep in Siberian permafrost for
 46,000 years, the Washington Post reported. When
 they revived it, the worm started having babies via a
 process called parthenogenesis, which doesn't
 require a mate..."
 I wouldn't recommend you immediately begin parthenogenesis when you're revived though...  check the bitcoin price first.

Once Bitcoin goes dormant, will it be possible to revive Bitcoin?

Assuming your hypothetical facts as presented.   

Yes.

[Gachapin]

🚀🔥 #Bitcoin  bear market is over.   The worst is behind us.  Liquidity will swoop into #BTC  soon.  Get ready for liftoff. 📈🌊💪
 #HODL

Source.

How do you know?

Squiggly lines are telling you?

he is just copying shit from Twitter in hope you give him merits... 

[Abu-Naim]

Mining the Bitcoin was never the hard part. The hard part was always not selling it for massive gains because you don’t care about the money and then watching it become more money than you need. The type of person who wants to go back in time to make easy money is the type of person who would still cash most of it in early to spend before it turns into something life changing. It isn’t opportunity people lack, it’s greed that puts a ceiling on how high they can go.

I believe that setting up the mining equipment, which is highly expensive, is another challenge in mining bitcoins. If that money had been invested in bitcoin back when it was first created, it would have changed the investors lives for good by now.

Just as you stated, greed is the primary obstacle to all of this, as the majority of people had the chance to buy early and could have reached another milestone today, and if they continue to hold, I believe it will lead to a significant profit in the future.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[philipma1957]

Guys!  There just may be a way to stick around for the final Bitcoin halving...

https://www.businessinsider.nl/a-46000-year-old-worm-found-in-siberian-permafrost-was-brought-back-to-life-and-started-having-babies/

"A 46,000-year-old worm found in Siberian permafrost was brought back to life, and started having babies

 Scientists discovered a female microscopic roundworm
 that has been stuck deep in Siberian permafrost for
 46,000 years, the Washington Post reported. When
 they revived it, the worm started having babies via a
 process called parthenogenesis, which doesn't
 require a mate..."

 I wouldn't recommend you immediately begin parthenogenesis when you're revived though...  check the bitcoin price first.

I prefer a working time machine or an Arabic genie who can fulfill my three wishes!
In both cases, I will travel to the early days of Bitcoin and mine as many Bitcoin as I can.

Mining the Bitcoin was never the hard part. The hard part was always not selling it for massive gains because you don’t care about the money and then watching it become more money than you need. The type of person who wants to go back in time to make easy money is the type of person who would still cash most of it in early to spend before it turns into something life changing. It isn’t opportunity people lack, it’s greed that puts a ceiling on how high they can go.

If I could go back in time to August 1986 the year I got married. I would spend more time playing with my wife than any other thing.

To be honest at 66 and not a poor man (nor wealthy) I can honestly say a good friend is more important than great wealth.

That said I would grab 1000 BTC at 6 bucks a piece in 2012. That would be the lowest price I ever saw them at.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[JayJuanGee]

[edited out]

So even if a miner is hardcore Bitcoiner, they won't be able to mine if power costs raises and no price increase. we have a couple of months before the halving event. We may see price hikes after the halving event. Before the event, miners still get 6.25 per block and profitability will remain the same as phill described. But, let's say the halving event split the block reward but the BTC price did not double, the profitability may split as well. The question is, how many miners will continue mining without profit? After all, everyone is looking for profit.

It's called mining death spiral.

 


OMG!

OH no!

Everbody panic.

🚀🔥 #Bitcoin  bear market is over.   The worst is behind us.  Liquidity will swoop into #BTC  soon.  Get ready for liftoff. 📈🌊💪
 #HODL

Source.

How do you know?

Squiggly lines are telling you?

he is just copying shit from Twitter in hope you give him merits...  

Are you trying "reverse psychology" on me?





Do you believe that I am dumb (retarded like you?).. no homo...  



I know moar better than that.




 

This aligns perfectly with what I think will happen with the price over the next two cycles -
@StockmoneyL
#Bitcoins all time highs (ATH) beautifully line up on this exponential growth curve.

Target ATH 2025: $150,000 - $200,000

https://twitter.com/stockmoneyl/status/1685226799490383872

That flattening tendencia looks pretty conservative bro.