Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 1615.

SamReomo

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Quote from: d_eddie on October 06, 2023, 04:01:33 PM

Quote from: SamReomo on October 06, 2023, 03:12:50 PM

Quote from: JayJuanGee on October 06, 2023, 01:06:14 AM

Doesn't sound unreasonable to me, except putting certainty on it...

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Ah, buddy it took me a while to reply because you have written a very long post

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Quote from: JayJuanGee on October 06, 2023, 01:06:14 AM

You are giving a lot of credit to the government being able to keep themselves in charge

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I know that Government isn't controlling Bitcoin and they won't be able to suppress

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Hard as you try, you can't win the long game with him. Honorable mention for trying though.

Ah, man! I won't even compete with him because the king will always remain the king and in this case the JJG is the king of the long posts and he will remain the king forever. To be honest his words are to the point and the more I read his posts the more I learn. I believe that JJG write long posts because he have enough information to share with us and he might be a firm believer of sharing is caring thing. I will always learn from him and other seniors who have much knowledge and experience which they share with us. Thumbs up for JJG and all those members who share their ideas and knowledge with us. Btw, thanks for your words!

ChartBuddy

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philipma1957

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'The right to privacy matters'

27907 to 28024

that is a very tight range buddy.

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WatChe

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Quote from: Pingrapole on October 07, 2023, 06:11:17 AM

We must be vocal about dowry because it is a social curse we have to come out of it. South Asian dowry vocal is very small number two one now dowry two Types are a direct dowry a search dowry nowadays more people are taking indirect dowry in the digital age.Instead of taking money directly, people are taking strategies to create an atmosphere so that people pay dowry, which is actually a serious disease.A report titled Shadow Epidemic came out during the Corona period where it was found that almost 27 percent of women were victims of dowry in just one year, which is very worrying .Many countries have made laws to speak out against dowry but social awareness is needed to stop dowry by making laws.Our social system is built in such a way that it is difficult to remove it quickly but through education it can be removed a lot Every year hundreds of thousands of girls commit suicide due to dowry, seeing that girls of other religions have to suffer social curses like dowry.There is a lot of pressure from the girl's father on the son for more income which is also a problem because then it is done through corruption and this is also linked to dowry.The current system is such that if you don't have good income, good character, good manners, good mentality, etc., you can't get a good wife, but corruption-prone rich people get good girls because By any means more earning will lead to better family and better wife.

No one is denying the fact dowry is a bad thing and must be discouraged at all levels. The other side of story is that women these days need a partner that has good earnings. If you dont earn good money then you will find it difficult to get married in south asia.

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She shining

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Thanks @philipma1957 and @shahzadafzal for clarifications now I see where the flaw in my thought process was from. I was so fixated on the price that I forgot why Bitcoin was created Cheesy

Thanks once again.

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philipma1957

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'The right to privacy matters'

this fucking buddy dude keeps gaining on me.

42880 to 42132

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philipma1957

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Quote from: She shining on October 07, 2023, 05:52:17 AM

Good day all. I hope my question falls under the umbrella of this thread if it doesn't do help in recommending where I can make said post. Thank you.

I was always of the notion that there's an invincible price that if Bitcoin falls lower than will spell doom for its survival. I used the cost of mining a Bitcoin since I was of the belief miners won't want to mine in a loss. But a finding showed me that Bitcoin price was lower than its cost last year and nothing was affected except it reduced the number of miners. I tried finding the current cost of Mining a Bitcoin but the data's I found were different.
My questions are

Where can I get real life data's(numerically) of good accuracy of Bitcoin because using google hasn't been encouraging.

Is there any minimum floor Bitcoin shouldn't fall lower that will spell its doom?

It won’t ever be doomed due to low price. But miners will shut down gear ⚙️ if prices drop enough.

Bottom line is 6 cents and top of the line gear ⚙️ has a very good history.

An s19 xp burns 3100 watts or 75 kwatts a day. at six cent power we are burning $4.50

right now a th is 6.3 cents the xp does 135 th or $8.50 a day

thus 8.50- 4.50= $4.00 profit which should stay safe til the ½ ing.

if we hit the ½ ing with these numbers that gear earns 4.25-4.50 loss of 25 cents.

I must stress that event if it happens and lasts for three jumps of difficulty or six weeks will be a “this time it is different “ event . As it never happened so far.

So yeah what do I think will happen if we get there, I believe 20% of mining will quite and sell off gear.

So basically what price will really alter btc. today 14000 for six weeks.

at the ½ ing 28000 for six weeks.

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d_eddie

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Quote from: shahzadafzal on October 07, 2023, 06:32:55 AM

Quote from: She shining on October 07, 2023, 05:52:17 AM

Good day all. I hope my question falls under the umbrella of this thread if it doesn't do help in recommending where I can make said post. Thank you.

-snip-

Is there any minimum floor Bitcoin shouldn't fall lower that will spell its doom?

For your post I think Economic or Speculation boards are the best place to discuss the topic.

-snip-

Remember Bitcoin's survival isn't solely tied to its price... that's why we say 1 BTC = 1 BTC.

This is the speculation subforum after all - and the OP got at least one relevant answer (from you), so I'd say this particular thread is as good a place as any other for questions like that.

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shahzadafzal

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Quote from: She shining on October 07, 2023, 05:52:17 AM

Good day all. I hope my question falls under the umbrella of this thread if it doesn't do help in recommending where I can make said post. Thank you.

I was always of the notion that there's an invincible price that if Bitcoin falls lower than will spell doom for its survival. I used the cost of mining a Bitcoin since I was of the belief miners won't want to mine in a loss. But a finding showed me that Bitcoin price was lower than its cost last year and nothing was affected except it reduced the number of miners. I tried finding the current cost of Mining a Bitcoin but the data's I found were different.
My questions are

Where can I get real life data's(numerically) of good accuracy of Bitcoin because using google hasn't been encouraging.

Is there any minimum floor Bitcoin shouldn't fall lower that will spell its doom?

For your post I think Economic or Speculation boards are the best place to discuss the topic.

Well to be honest there is no minimum price... it has been said earlier whatever the price of BTC falls to there will always be "some" miners willing to process your transaction irrespective of the BTC price and that is the beauty of a bitcoin.

Also the cost of mining depends on the region and your energy costs, for example if I'm running a solar powered bitcoin mining rig and I have already crossed the breakeven stage then for me bitcoin mining is almost free.

So the short answer is there isn't a predetermined "doom" price, like there's no maximum price for bitcoin in same way there's no minimum (floor) price for bitcoin. One thing I'm sure bitcoin will never be zero

Remember Bitcoin's survival isn't solely tied to its price... that's why we say 1 BTC = 1 BTC.

Pingrapole

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Quote from: WatChe on October 07, 2023, 01:17:54 AM

Quote from: Torque on October 06, 2023, 10:32:41 AM

Sorry, but when 90%+ percent of the "modern day woman" started buying into the woke bullshit narrative that they are the Main Character^TM, that life revolves around them, that men are useless NPCs and that they instead will inherit the earth and run everything, that's when they sealed their own doom.

With that attitude they'll all end up in their sixties as depressed, penny-less, overweight cat ladies, alone and never married nor having children. And hating men the entirety of their lives.

With first-time divorce rates now at 50% and climbing higher, most men have awakened to the possibility that marriage and having a family will eventually financially bankrupt them. And with U.S. courts now heavily favoring the ex-wife, it will indeed. That's why they are either going it alone, or waiting much longer to get married.

My advice to young men is this: Don't get married in your 20's, or even in your 30's. You don't know yourself yet, and neither does your girlfriend/fiancee. You don't know the type of person you'll want to be with long term, and neither does she know. Don't get married and raise a family just because "it's expected of you" or "it's time". That's a complete bullshit expectation that society has burdened you with.

Build your career first, save your money, and invest. Get wealthier. Know yourself. Then in your 30's or 40's decide what you want in a spouse, and what kind of family (if any) you want to create.

There is one more aspect specially in South Asia. There are many who voice against dowry, that's fine as its not a good thing and must be discouraged. But same females and there families are always looking for bride with 6 or more digit salary. So in the end pressure is on you as a men, you must earn better to get good life partner.

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We must be vocal about dowry because it is a social curse we have to come out of it. South Asian dowry vocal is very small number two one now dowry two Types are a direct dowry a search dowry nowadays more people are taking indirect dowry in the digital age.Instead of taking money directly, people are taking strategies to create an atmosphere so that people pay dowry, which is actually a serious disease.A report titled Shadow Epidemic came out during the Corona period where it was found that almost 27 percent of women were victims of dowry in just one year, which is very worrying .Many countries have made laws to speak out against dowry but social awareness is needed to stop dowry by making laws.Our social system is built in such a way that it is difficult to remove it quickly but through education it can be removed a lot Every year hundreds of thousands of girls commit suicide due to dowry, seeing that girls of other religions have to suffer social curses like dowry.There is a lot of pressure from the girl's father on the son for more income which is also a problem because then it is done through corruption and this is also linked to dowry.The current system is such that if you don't have good income, good character, good manners, good mentality, etc., you can't get a good wife, but corruption-prone rich people get good girls because By any means more earning will lead to better family and better wife.

ChartBuddy

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She shining

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Good day all. I hope my question falls under the umbrella of this thread if it doesn't do help in recommending where I can make said post. Thank you.

I was always of the notion that there's an invincible price that if Bitcoin falls lower than will spell doom for its survival. I used the cost of mining a Bitcoin since I was of the belief miners won't want to mine in a loss. But a finding showed me that Bitcoin price was lower than its cost last year and nothing was affected except it reduced the number of miners. I tried finding the current cost of Mining a Bitcoin but the data's I found were different.
My questions are

Where can I get real life data's(numerically) of good accuracy of Bitcoin because using google hasn't been encouraging.

Is there any minimum floor Bitcoin shouldn't fall lower that will spell its doom?

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 1615. (Read 26713597 times)