Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 12222. (Read 26607500 times)

You know why silver doesn't work?  You need 195 kilos of it just to transfer one-hundred-thousand-dollars. It's heavy AF!  You also won't be getting through any borders with any decent size stash if you could somehow carry it.  Even if it goes to astronomical valuations, you still can't carry a big stash. But bitcoin,  
Don't know why I bothered to reply, your trolling is really weak and transparent.  Time to step it up or STFU
 

You can lock sums as small as you please. Your reward: the coins locked in that hot wallet gain relatively anonymous near-instant mobility.

The issue with LN is making mainchain on and offramps seamlessly cheap and anonymous by clever batching/mixing, which is the easiest (only?) way to quick channel rebalancing. The natural places to do the batching/mixing would be exchanges, but can I trust them? I think third-party sites will take on that job. Sites that could be run by pools of users - a bit like mining pools, but with much lower profit if any.

MN- Manipulation
AC- Accumulating
That's what is happening, IMO. This thrend will be continued for a couple of months.

This guy has a nice color visual of it. He also makes a strong case that nothing matters but the halven'ing!
Buy aqua - sell orange!

https://mobile.twitter.com/100trillionUSD

 George Michael and Boy George.  There was a lot of weird stuff in the 80's... sweater-over-shoulders, mullets (men and women), perms, big gold chains and jazzercise!




edit: I totally forgot about 80's hair bands!



 Oh wait... huh!

likewise.

I call it a "negative ladder" made of shorts rather than longs or physical.

I rather think not

welcome to my ignore list

who's "we" asshole

waaaanh

That's a hard chart to make meaningful. Different hardware availability, different hardware profitability, and different scales of mining companies. Too many variables really.

Anecdotally though, as a former miner from back then, I think this crash is a little bit deeper for miners (evidenced by the decreasing hash rate). I was mining back then and I was profitable until the second half of 2015 at which point I was mining at about break even for "electricity only" with $250 BTC. I was losing money on the facility costs and made no money for my time invested.

The operations now days are much larger with much larger fixed costs for facilities, loans and employees. $6000 was probably break even for them with the difficulty of a month ago. Now, difficulty is down ~20% and prices are down ~40%.

Every miner in the world is likely losing money now if they sell mining proceeds daily. Very few miners do that though. As a miner, you are a trader by default. Just like a farmer, you store your crops if you can and wait for the best time to sell. The longer these prices remain, the more miners will file for bankruptcy or sell their stash to cover basic necessities such as electricity and payroll.

With enough bankrupt miners, the difficulty should theoretically drop another 20% while prices stay ~$3500 to balance things out.


EDIT: The point though is that we are in the second half of 2015 if you are using mining difficulty/profitability as an indicator and comparing the last bear market to this one.

sour grapes

Tell him to fucking take a shower, smelling like a french whore with cologne poured ontop is even worse than just the BO. He apparently thinks the two are diametrically opposed, what kind of morons do you work with? I made a senior engineer stand on the other side of the room because he refused breath mints before I had even gone through a 6 month probation period and the rest of the company loved me for it.

It's mo' better than mic's TV anyway. No match.

I actually researched this.

Difficulty declined (on a sustained basis) only during 2011 bear market: from 7/31/2011 to 12/10/2011 or about 4 mo (plus 10 days).
The decline was about 42% and btc bottomed Nov 19 2011 at $2, which is 20 days before difficulty bottoming, so price was leading, as expected.
Difficulty did not decline (on a sustained basis) during 2014-2015 bear market.
Right now difficulty is flat or declining since 10/6 or about two months.
Does this predict that we might be 30-40 days from price bottom?
Maybe, but i wouldn't put my money on this.
BTW, we lost about 21% so far and next drop looks like 6-7%.

Sources:
https://www.blockchain.com/en/charts/difficulty?scale=1×pan=all
https://bitcoinwisdom.com/bitcoin/difficulty

Uh. Wee wee weeEE. (Don't displease tha babe.)



Weee.

I don't deal with Bitfinex because it feels like too much counterparty risk. But the rent one can get paid is pretty indeed. Sometimes I feel that itch... and I manage to scratch it off.

sort of...









https://www.blockchain.com/charts/difficulty?timespan=all

We have never had a drop as hard as current one. Bitcoin difficulty kept growing for most of 2014 with some drops at the end, and in early 2015, but basically the difficulty remained more or less constant for over a year.

That's his gimmick.