Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 15795. (Read 26630364 times)

They may be late with production run, and they may reach 20% instead of 30% better than Bitmain, but let us cheer a little bit because that asshole Jihan Wu will not have a monopoly on quality miners large production capacity any more. It is a good day for BTC.

Your level of nervousness seems to strongly suggest that you are a bit over-invested into bitcoin - for your own comfort-level. 

You should not feel so much stress, especially when we are essentially in a bull-market and we have already experienced a lot of price appreciation.  Furthermore,  most of us should already expect bitcoin to be volatile, and even if the odds (and cards) seem to be in favor of continued upwards price movement, manipulation and even just the unpredictableness of the price happens all of the time, so we cannot bank on any situation, especially any kind of expectation or need that the price will go up or to maintain its own.  The most likely thing that we can bank on is ongoing volatility, and that is the part that we have to learn to either take advantage of such expected ongoing volatility or at least engage in measures to ameliorate some of the negative effects of such highly likely volatility expectations.

Also, even if they have a working prototype, there is no guarantee that they deliver on time and within specs. They are funding the production run with the presale.

Bbbut 3k end target from Vinny Lingham?

Ready!

Bitmain, Spondoolies, etc. sent out demo units that proved they were real with real specs. If Halong Mining won't do that, I'd consider that a deal-breaker red-flag.

aaaaaaaaaaaaaaaaaand

there's the bitcointalk DDOS

Isn't good enough for the performance figure, if something claims is 30% better then anything else that exists it has to be independently verified, but is good enough that it is not a scam. Guy has no reason to risk his reputation for something like that.

Adam's "I have seen it" isn't good enough. Any new mining hardware needs to be hands-on tested by an independent third-party like lightfoot.

He is potentially the same troll job nutjob bear on another day....

You know what, if they keep predicting down and the advent of the bear market, sooner or later they will be right and they will never-endingly remind us that they were right (once - while implying that it was more than once).. hahahahahha

Well if someone wants to send me one for an eval I'd be happy to review it and take it apart. if it's just a S7/S9 that would be easy to spot. Likewise if it's legit.

C

fuck off bitmain?

Holy fuck... you are coming off as either extremely negative or a troll who is painting a kind of lesser likely and worse case scenario.

I will give it to you that we are experiencing a quite exorbitant BTC price rise, especially when we look at the past two years and the increasing steepness of the curve in recent months.... however, in the end, I don't think that we have quite reached the top, until perhaps if we have a blow-off event, and part of my thinking is attributed to the ongoing recent investments into bitcoin including financial instruments and also bitcoin's seeming dominance / resilience over the recent forkening attempts.

Also, sometimes we cannot really appreciate what has happened until we look at it in retrospect and hopefully attempt to account for the most relevant and material factors, including the quickness in which the price has risen and including the extent to which there has been meaningful price corrections in the upwards journey process.

Maybe we can agree to some history, including the fact that bitcoin experienced nearly a two year bear run in 2014 and 2015 - and confirmed to be out of the bear run in about May/June 2016....

Once bitcoin was out of the bear run (transitioned into a bull run), we can still use the approximate $250 price stability point of 2015 as our starting reference.  Accordingly, it took about a year to triple to $750-ish, and then it took about 9 more months to triple again to $2,500-ish.. .and then it took about 3 months to triple again to $7,500-ish....

Since we are currently in the $7,500-ish price territory it is not easy to determine if this is a stability point, but I suspect that we could achieve at least one more decent blow-off - upwards, and in part I attributed that upwards likelihood to news points that I already mentioned above (namely entrance of additional traditional financial instruments into bitcoin and bitcoin's resilience/dominance in the forkening threats).  Another significant factor remains bitcoin's recent experience of two significant price corrections, which cause additional upwards fuel.  The mid-September correction was clearly and unambiguously 40% from $4,980 to $2,970, and the second correction from a couple weeks ago was clearly and unambiguously 30% from $7,888 to $5555.55......

My point is that we have decent room for another blow-off upwards, and we could get another 3x upwards price from here, and depending upon how quickly it goes up and whether there are corrections along the way could justify the extent to which there will be a crash and the extent to which any such speculated crash will be sustained... so for example, if we shoot up an additional 3x from here without a correction, then yeah, we could thereafter experience a quite considerable and sustained correction.. but it is yet to be seen and determined how quickly we are going up (if so), and since the probabilities of UP seem greater than the probabilities DOWN, we have to witness these first before we speculate too hot and heavily about our desires for down (because it seems to premature to conclude that we are currently over-inflated based on factors that I already have described in this post).

qui est-ce monsieur?

I happily trade there too, but for now I think is better to stay away from Bitfinex and tether. I'm using BitUSD to protect my profits and I'm very happy with it! It is secure, descentrilized and fast! Highly recommend it!

https://www.youtube.com/watch?v=SRCsQUyR7_I

It looks like it exists. Could it be the mistery miner that appeared sometimes during the last months (they were probably testing them).

Looks legit: Dabs has received one to test it

Predict Tether and Bitfinex will get DDOSed this weekend.  Cloudflare gonna get a workout.

I happily trade there.  Do the Tether pundits realize that the USD on every exchange in the world is not actually USD but simply a debt owed by the exchange to the customer?  Why should I care if that debt is represented by a crypto token instead of a line in an Excel spreadsheet ?   Yes Tether might be fractional reserve banking but you can do fractional reserve banking in Excel too.

mempool spam *check
bch pump *check
tether/bitfinex fud *check
WO bears active *check
bitcointalk ddos *missing

get ready for bitcoin black friday sales, I see a bigger weekend dip coming! get them while they are cheap!

Well Gleb G hasn’t trolled the thread (yet) with scam accusation so chances are it’s legit….

https://bitcointalk.org/index.php?topic=2443327.new