Last chance to get out. 
Not again with that neg-hat thing
Why not take a switching one... as those other 2
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 12210. (Read 26607656 times)
December 09, 2018, 06:41:51 PM
Not again with that neg-hat thing
Why not take a switching one... as those other 2
December 09, 2018, 06:28:04 PM
I wasn't around in 2011. Can you tell us more about what it was like?
My brain is frazzled and running on caffeine. Here are some loosely organized thoughts:
I started GPU mining around May 2011. BTC bubbled to ~$32 somewhere thereabouts (June-July?) and then collapsed to ~$2. The bear market was swift and brutal.
There was practically no infrastructure or major investment, aside from early ASICs that would soon come online. Hell, Roger Ver's memorydealers.com was one of the few places you could even spend bitcoins. Mt. Gox was basically the only exchange, of course.
Home GPU miners like me were a major part of the ecosystem, and we were purged at this time, as decreasing prices and skyrocketing difficulty soon made mining unprofitable. There was a sort of loss of innocence as we were wiped out and large industrial mining farms took over.
The overall feeling was similar to other bear markets - agony, despair, etc. However, many of us took to heart the rumors of bitcoin's demise. It seemed likely that bitcoin would, at best, remain something of a hobby for cypherpunks. OTOH, the despair was different. It was more about the loss of a dream, and less about the loss of money. Since BTC was so cheap, most people only had like a few grand invested, at most. Unlike Dec. 2017-18 when even the shoeshine boy lost $100K+.
very good summary.
In terms of the current lower price I think of things this way. Back in say Feb 2016 the price was $1612. It was just 8% of the later ATH. Imagine if the ATH had happened some time before feb 2016 then we would have dropped some 92% at Feb 2016. Would we have been as "happy" at $1612 as we were in reality or crying doom. Transfer that to today and if we end up at $1612 or somewhere close just see it as a very flat period since feb 2016 (ie ignore the boom/bust bit). We 'survived' a long flat period at around $250 and did not think the world would end. Just HODL even at some very low figure - it will pull away at some point in the next few years and you can cash out with healthy profits if you do not want to go through yet another cycle though to date regularly and slowly buying and HODL has been very good to those that practice it. Even those that have been "caught" buying in old bubbles (eg $31 , $1000 ) as still quids in. It may take a few years but even buying at $20,000 in 2017 will seem a great deal.
December 09, 2018, 06:03:20 PM
Last chance to get out.
December 09, 2018, 06:02:30 PM
December 09, 2018, 05:59:32 PM
^ r0ach, can you explain me how Bob could have invited more than hundred pseudo anonymous people spread all over the world to a beer as he did a few days ago if it were not using Bitcoin?
All you're doing is supporting my previous statement that bitcoin's only current value prospect is regulatory arbitrage. It's currently easier to perform regulatory arbitrage using shitcoins than fiat dollars, although you could probably still do that with numerous other systems like Paypal or whatever anyway - bitcoin is just a little better at regulatory arbitrage than most others at the moment. Shitcoins are worse at regulatory arbitrage than physical metals due to their built-in Orwellian tracking system though, you just have to be in the same proxity for the metals.
But everyone knows bitcoin will be clamped down on hard until it's virtually the same as using fiat regulation-wise, except worse due to abolishing the 5th amendment with it's built-in tracking system. Doing what Bob did is only a temporary feature used to bait and switch people into this tracking system garbage. Transaction validators are designed to centralized in every single craptocurrency, so govt clamping down and regulating them, or completely controlling every aspect of them, is inevitable, and why you should never promote shitcoins over physical metals.
There are no centralized 'transaction validators' in physical metals for the govt to regulate, take over, and control as their new 1984 toy. And before some Ethereum buffoon posts to use a different shitcoin, it's 100% impossible to create a decentralized digital currency. Transaction validators will always be designed to centralize in every single one.
Until they come to your house and confiscate it. And eventually kill you in the process. Nothing is safe from powers that be.
If the govt is inside your house killing you with weapons, I don't think shitcoins are going to be of much use. Worst example ever of trying to fraudulently pretend shitcoins are better than metals.
You are as fraudulent as me Roach, both of us would be dead. So, bottom line : it doesn 't matter.
December 09, 2018, 05:55:15 PM
Didn't get a thing: what private keys? The website is down from here...
That site was a joke. Sure it gave lists of private keys with corresponding addresses, but good luck finding a private key for an address with coins in it. I believe the 1st pages had some hits of actually used private keys/addresses. But that is because I believe someone had used a really dumb private key like the equivalent of using the number one.
December 09, 2018, 05:51:36 PM
Hello all.
As the week draws to a end we have had mixed trading with fairly active volumes. A couple of massive candles over the last 48 hours have taken bitcoin back above the $3.5k mark with sights set higher for the coming week.
Sleepy Dragon pokes head above cloud looking for ladder.
30m
Almost thru resistance as shorts continue to close. Strong hands will be needed thru the night.
1h
A strong move upwards and above resistance. Looks like a breakout starting?
4h
I am expecting this coming week to be pretty volatile with a mostly upwards and sideways tendency.
D
#dyor #btd's
As the week draws to a end we have had mixed trading with fairly active volumes. A couple of massive candles over the last 48 hours have taken bitcoin back above the $3.5k mark with sights set higher for the coming week.
Sleepy Dragon pokes head above cloud looking for ladder.
30m
Almost thru resistance as shorts continue to close. Strong hands will be needed thru the night.
1h
A strong move upwards and above resistance. Looks like a breakout starting?
4h
I am expecting this coming week to be pretty volatile with a mostly upwards and sideways tendency.
D
#dyor #btd's
HODL! Moon will be on January 2019 3rd Q of the month!
December 09, 2018, 05:51:20 PM
I wasn't around in 2011. Can you tell us more about what it was like?
My brain is frazzled and running on caffeine. Here are some loosely organized thoughts:
I started GPU mining around May 2011. BTC bubbled to ~$32 somewhere thereabouts (June-July?) and then collapsed to ~$2. The bear market was swift and brutal.
There was practically no infrastructure or major investment, aside from early ASICs that would soon come online. Hell, Roger Ver's memorydealers.com was one of the few places you could even spend bitcoins. Mt. Gox was basically the only exchange, of course.
Home GPU miners like me were a major part of the ecosystem, and we were purged at this time, as decreasing prices and skyrocketing difficulty soon made mining unprofitable. There was a sort of loss of innocence as we were wiped out and large industrial mining farms took over.
The overall feeling was similar to other bear markets - agony, despair, etc. However, many of us took to heart the rumors of bitcoin's demise. It seemed likely that bitcoin would, at best, remain something of a hobby for cypherpunks. OTOH, the despair was different. It was more about the loss of a dream, and less about the loss of money. Since BTC was so cheap, most people only had like a few grand invested, at most. Unlike Dec. 2017-18 when even the shoeshine boy lost $100K+.
December 09, 2018, 05:48:43 PM
And to be complete, we fry all that not in oil, but in the molten fat of oxes, if I say that right, means castrated bulls... .
Oxen are draught animals. Would expect the fat to be rendered from steers/bullocks instead which are raised for meat production.
There are many names, basically it is a castrated male animal. Now, to fry it makes not so much difference, in past times we also did it (in secret) with the fat of Roman, Germanic, Austrian, Spanish, Dutch, German again and again, invaders and occupiers.
December 09, 2018, 05:47:28 PM
weeeee
December 09, 2018, 05:44:36 PM
December 09, 2018, 05:43:05 PM
Dunno why you guys don’t have that retard on ignore. He’s self confessed that he wants to buy at $1,500.
Check his post history, loads of it is in ‘Altcoin Discussion’.
He’s a broke ass troll trying to unsettle & worry weak hands / noobs.
Ignore
Check his post history, loads of it is in ‘Altcoin Discussion’.
He’s a broke ass troll trying to unsettle & worry weak hands / noobs.
Ignore
December 09, 2018, 05:40:23 PM
It's gembitz you know.
December 09, 2018, 05:39:39 PM
WeeeeEEEe = noise
December 09, 2018, 05:35:43 PM
pretty standard gembitz quality
December 09, 2018, 05:34:56 PM
Didn't get a thing: what private keys? The website is down from here...
December 09, 2018, 05:33:48 PM
what?
smh
smh
December 09, 2018, 05:24:49 PM
December 09, 2018, 05:22:31 PM
Hello all.
As the week draws to a end we have had mixed trading with fairly active volumes. A couple of massive candles over the last 48 hours have taken bitcoin back above the $3.5k mark with sights set higher for the coming week.
Sleepy Dragon pokes head above cloud looking for ladder.
30m
Almost thru resistance as shorts continue to close. Strong hands will be needed thru the night.
1h
A strong move upwards and above resistance. Looks like a breakout starting?
4h
I am expecting this coming week to be pretty volatile with a mostly upwards and sideways tendency.
D
#dyor #btd's
As the week draws to a end we have had mixed trading with fairly active volumes. A couple of massive candles over the last 48 hours have taken bitcoin back above the $3.5k mark with sights set higher for the coming week.
Sleepy Dragon pokes head above cloud looking for ladder.
30m
Almost thru resistance as shorts continue to close. Strong hands will be needed thru the night.
1h
A strong move upwards and above resistance. Looks like a breakout starting?
4h
I am expecting this coming week to be pretty volatile with a mostly upwards and sideways tendency.
D
#dyor #btd's
December 09, 2018, 05:20:02 PM
https://www.cryptoglobe.com/latest/2018/12/f2pool-bitcoin-mining-difficulty-drop-lowers-asic-machines-shutdown-price-to-3260/
Quote
The founder of the prominent cryptocurrency mining pool F2Pool Mao Shixing has recently revealed the “shutdown price” for Antminer S9 ASIC machines mining BTC has now fallen to $3,260 after bitcoin’s difficulty drop.
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