Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 12299.

JayJuanGee

legendary

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Self-Custody is a right. Say no to"Non-custodial"

Quote from: Biodom on December 05, 2018, 11:42:22 PM

Trace thinks that this is being done in part to "kill" some naughty miner-producing entity. Guess, which one?
https://twitter.com/TraceMayer

Quote

Some #Bitcoin miners annoyed #HODLGANG so extermination & replacement with friendlier to @bitcoincoreorg.

Makes some sense to me.

Can't really ever deny observations of Trace, yet there seem to be a multitude of dynamics including pushing in the shitcoin space in which the two bcash branches seem to be suffering the most, and Ethereum is experiencing decent purging of froth too.

I am kind of thinking that there could be some kind of attempt to reach shitcoin singularity with the bcashes and Ethereum around the same price - maybe in the $80 arena or below... Bring them all below $20 would be nice, but that's too much wishful thinking coming out of me... and maybe as nutilah said, a $50 Ethereum might still serve some shit functions, perhaps?...

A problem with Ripple is that the units are off - maybe $.08 would be an overvaluing of ripple, but there seems to sufficient enough dumb money keeping it in the $.30s, with this downfall, and just so much ongoing dumb money from there that would not likely be purged unless some of the ripple CEOs were thrown in jail, which does not seem too likely to happen, either...

Paashaas

legendary

Activity: 3512

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Hexah

sr. member

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Quote from: Bitcoinaire on December 05, 2018, 11:39:38 PM

I see lots of noobs lately saying theyre gonna short the market here because its easy money. Hopefully they get their faces ripped off.
Grin

As expected I expect that my expectations saying that they are noobs indeed.

Quote from: JayJuanGee on December 05, 2018, 11:47:31 PM

short-term shorting BTC is going to be nearly as lucrative as it was in either 2014 or 2018

Can we speculate that 2022 might be the same?

JayJuanGee

legendary

Activity: 3920

Merit: 11299

Self-Custody is a right. Say no to"Non-custodial"

Quote from: Bitcoinaire on December 05, 2018, 11:39:38 PM

I see lots of noobs lately saying theyre gonna short the market here because its easy money. Hopefully they get their faces ripped off.
Grin

Hahahahaha

Remember in about December 2014, there were all kinds of teachings about shorting the BTC market, and how you could make a killing shorting BTC. 2015 through 2017 were not good years to short BTC, even though 2014 and 2018 were.

Difficult to know what December 2018 and thereafter is going to bring in terms of BTC price performance, but I am having some doubts that in the short-term shorting BTC is going to be nearly as lucrative as it was in either 2014 or 2018... but what do I know?

I neither play margin nor attempt to call the short-term BTC price future.. much beyond 50/50.. but I do, sometimes, make observations. Wink

nanobtc

hero member

Activity: 605

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More Roach posts. Bullish.

Biodom

legendary

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Trace thinks that this is being done in part to "kill" some naughty miner-producing entity. Guess, which one?
https://twitter.com/TraceMayer

Quote

Some #Bitcoin miners annoyed #HODLGANG so extermination & replacement with friendlier to @bitcoincoreorg.

Makes some sense to me.

Bitcoinaire

sr. member

Activity: 696

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I see lots of noobs lately saying theyre gonna short the market here because its easy money. Hopefully they get their faces ripped off.
Grin

realr0ach

sr. member

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#TheGoyimKnow

Quote from: Torque on December 05, 2018, 11:11:58 PM

So what's your point? It doesn't matter what I think. Markets give value to worthless companies all the fucking time. And people stupidly put money into them.

Look no further than Tesla for an example... a company that supposedly has a market cap of $63B and share price of $360, but bleeds money, is virtually bankrupt and will probably write down a loss of at least $1B next year. And then EVs coming from Audi, Porsche, and Mercedes will eat their lunch.

It's also possible due to thermodynamic collapse of oil extraction, that conventional vehicle companies are doomed and only electric ones have a future. Then the govt would probably have motive in keeping Tesla alive at least as some type of testbed.

realr0ach

sr. member

Activity: 924

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#TheGoyimKnow

Quote from: gwaur on December 05, 2018, 11:09:52 PM

tldr: 78% of Miners Use Renewable Energy

Except the energy expenditure serves no purpose if transaction validators are designed to centralize...and they are.

Torque

legendary

Activity: 3780

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Quote from: nutildah on December 05, 2018, 11:01:09 PM

Quote from: Torque on December 05, 2018, 10:42:53 PM

It doesn't matter how 'interesting' they are, if they don't make money they are worthless, and people that buy ETH just to put money into worthless projects are supporting garbage. And in turn are supporting ETH, which has no reason to exist outside of supporting garbage.

Again, the market disagrees with you. You're entitled to your personal opinion but that doesn't change the reality of the situation.

So what's your point? It doesn't matter what I think. Markets give value to worthless companies all the fucking time. And people stupidly put money into them.

Look no further than Tesla for an example... a company that supposedly has a market cap of $63B and share price of $360, but bleeds money, is virtually bankrupt and will probably write down a loss of at least $1B next year. And then EVs coming from Audi, Porsche, and Mercedes will eat their lunch.

gwaur

member

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Quote from: nutildah on December 05, 2018, 11:01:09 PM

Far less relevant things are discussed here every hour of every day. Bitcoin requiring the power consumed by 5 million US households is nothing to sneeze at. Yet the market and capitalism dictates it to exist because it still remains profitable (though just barely). Hash rate has been falling recently so that's a start. It will obviously remain feasible until it isn't. Just saying PoW isn't winning over the hearts and minds of many environmentalists.

https://digiconomist.net/bitcoin-energy-consumption

Report: Bitcoin Mining Doesn’t Fuel Climate Change, It Benefits the Global Economy
https://news.bitcoin.com/report-bitcoin-mining-doesnt-fuel-climate-change-it-benefits-the-global-economy/

tldr: 78% of Miners Use Renewable Energy

gembitz

hero member

Activity: 1848

Merit: 640

*Brute force will solve any Bitcoin problem*

Quote from: Torque on December 05, 2018, 10:42:53 PM

Quote from: nutildah on December 05, 2018, 10:33:53 PM

I don't understand all this hate for ETH... It supports this gigantic, flourishing ecosystem of projects -- yes, many of them are shit but some of them are pretty interesting and legitimate. I think things like Maker, Augur and 0x are at the very least entertaining experiments that push the bounds of what can be done with the blockchain. Decentraland is also interesting as well.

Then you have stuff like Cryptokitties which is pretty effing pointless. I dunno, I just think even if the price sinks to $50 a coin it will never go away completely as too many other projects are dependent on it.

You don't understand the hate? Seriously?

Let me explain.

None. Of. Those. Zero. Money. Making. Experimental. Projects. Justify. Ethereum's. Exchange. Price.

Period. It doesn't matter how 'interesting' they are, if they don't make money they are worthless, and people that buy ETH just to put money into worthless projects are supporting garbage. And in turn are supporting ETH, which has no reason to exist outside of supporting garbage.

shitoken washtrading by corporate sleezeballs ..this is the dream of these crooks. :\ kill all tokens.

realr0ach

sr. member

Activity: 924

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#TheGoyimKnow

Quote from: HairyMaclairy on December 05, 2018, 10:50:28 PM

This isn’t a beginner thread so not the place to discuss the virtues of POW but you need to go listen to some Nick Szabo lectures on the topic

Nick Szabo is not a valid source of anything. He's a shill for both Ethereum and the rogue-terror state of Israel. Why would you ask him ANYTHING about cryptocurrency?

nutildah

legendary

Activity: 3010

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Quote from: Torque on December 05, 2018, 10:42:53 PM

None. Of. Those. Zero. Money. Making. Experimental. Projects. Justify. Ethereum's. Exchange. Price.

The price justifies itself as the market is always right. Doesn't really matter how you believe things _should_ be, the market firmly believes otherwise. And if ETH falls to $50 a coin, then that's the way it was meant to be.

Quote from: Torque on December 05, 2018, 10:42:53 PM

It doesn't matter how 'interesting' they are, if they don't make money they are worthless, and people that buy ETH just to put money into worthless projects are supporting garbage. And in turn are supporting ETH, which has no reason to exist outside of supporting garbage.

Again, the market disagrees with you. You're entitled to your personal opinion but that doesn't change the reality of the situation.

Quote from: HairyMaclairy on December 05, 2018, 10:50:28 PM

This isn’t a beginner thread so not the place to discuss the virtues of POW but you need to go listen to some Nick Szabo lectures on the topic

Far less relevant things are discussed here every hour of every day. Bitcoin requiring the power consumed by 5 million US households is nothing to sneeze at. Yet the market and capitalism dictates it to exist because it still remains profitable (though just barely). Hash rate has been falling recently so that's a start. It will obviously remain feasible until it isn't. Just saying PoW isn't winning over the hearts and minds of many environmentalists.

https://digiconomist.net/bitcoin-energy-consumption

realr0ach

sr. member

Activity: 924

Merit: 311

#TheGoyimKnow

Quote from: rolling on December 05, 2018, 10:39:31 PM

Quote from: nutildah on December 05, 2018, 10:33:53 PM

PoW is probably also the biggest downfall of BTC

What a retarded statement.

First, why proof of stake is a closed entropy system that has no value:

https://steemit.com/steemit/@r0achtheunsavory/the-r0ach-report-14-defining-if-cryptocurrency-has-a-value-or-zero-value-from-a-fundamental-scientific-perspective

Second, why proof of work fails and acts almost identical to proof of stake in the real world:

https://steemit.com/bitcoin/@r0achtheunsavory/the-r0ach-report-18-the-great-pow-lie

HairyMaclairy

legendary

Activity: 1442

Merit: 2282

Degenerate bull hatter & Bitcoin monotheist

This isn’t a beginner thread so not the place to discuss the virtues of POW but you need to go listen to some Nick Szabo lectures on the topic

Torque

legendary

Activity: 3780

Merit: 5429

Quote from: nutildah on December 05, 2018, 10:33:53 PM

I don't understand all this hate for ETH... It supports this gigantic, flourishing ecosystem of projects -- yes, many of them are shit but some of them are pretty interesting and legitimate. I think things like Maker, Augur and 0x are at the very least entertaining experiments that push the bounds of what can be done with the blockchain. Decentraland is also interesting as well.

Then you have stuff like Cryptokitties which is pretty effing pointless. I dunno, I just think even if the price sinks to $50 a coin it will never go away completely as too many other projects are dependent on it.

You don't understand the hate? Seriously?

Let me explain.

None. Of. Those. Zero. Money. Making. Experimental. Projects. Justify. Ethereum's. Exchange. Price.

Period. It doesn't matter how 'interesting' they are, if they don't make money they are worthless, and people that buy ETH just to put money into worthless projects are supporting garbage. And in turn are supporting ETH, which has no reason to exist outside of supporting garbage.

realr0ach

sr. member

Activity: 924

Merit: 311

#TheGoyimKnow

Quote from: Dig Bicks on December 05, 2018, 09:59:51 PM

r0ach do you believe they killed Gaddafi because he wanted to create a gold currency and only wanted to take gold for libya's oil.

Is the answer that simple? Probably not. Is gold involved? Probably. After Bretton Woods & the Nixon shock, it was codified that no sovereign nation is allowed to wade into the gold market and either print money to buy it all up or use any other form of legit reserves to try cornering the market. They're only allowed to dump to suppress the price as a sovereign power, not buy. If this action does occur, I think the other world powers are supposed to go to war with them or something (at least in Jew theory).

Russia gave the Jews two middle fingers and started buying it all up, as well as China, but they have artillery equal to the banker's collection agents (the US military) so can't simply be destroyed. If a weak nation like Libya does it they're as good as toast, though. So whether Gaddafi died over gold or not bowing down and worshipping the Jews enough doesn't really matter. He would have eventually been attacked in some manner for doing anything with gold if he doesn't have nukes.

rolling

hero member

Activity: 824

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Quote from: nutildah on December 05, 2018, 10:33:53 PM

Quote from: gentlemand on December 05, 2018, 10:23:02 PM

ETH now manfully engaged in the fight to become a double digit shitcoin.

Will it pull it off?

With aplomb.

I don't understand all this hate for ETH... It supports this gigantic, flourishing ecosystem of projects -- yes, many of them are shit but some of them are pretty interesting and legitimate. I think things like Maker, Augur and 0x are at the very least entertaining experiments that push the bounds of what can be done with the blockchain. Decentraland is also interesting as well.

Then you have stuff like Cryptokitties which is pretty effing pointless. I dunno, I just think even if the price sinks to $50 a coin it will never go away completely as too many other projects are dependent on it.

I also don't know how they can shift the whole thing to PoS... PoW is probably also the biggest downfall of BTC. The amount of energy that goes into mining is simply retarded.

What a retarded statement.

BinaryReign

full member

Activity: 151

Merit: 111

BTC HODLer

Quote from: PoolMinor on December 05, 2018, 10:29:06 PM

Quote from: BinaryReign on December 05, 2018, 09:43:57 PM

I’ve always enjoyed those. I’ve seen something similar on adultswim commercials. Hell, it might even be the same artist for all I know Cheesy

Here are some more...
https://imgur.com/gallery/mpTFn

Yea I noticed once I followed the links to his tumbler where it even says he did adultswim stuff lol, I was right it is the same artist Cheesy

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 12299. (Read 26610052 times)