Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 16211. (Read 26725203 times)

I wouldn´t even buy this shit for Zoro. Just wanted to dump that Garbage.

I agree. Some hodlers have that nerdish, kult/underground mentality, thinking that bitcoin is not for the masses but only for computer enthusiasts, that is a niche available only for the chosen few.

I think quite the contrary. I want the masses to adopt it and use it in their tracking devices smartphones, to use it to buy things, pay their bills, etc. With this come massive valuation and a increase in price, that is all we want.

Putting some rough, round numbers in, total K, maybe around O() of $100 trillion



Innovators + Early adopters is a market share of around 16%, i.e. $16 trillion, or ~$800k/btc for a 20M btc issuance. Note a true Innovator or Early adopter will be using crypto for all transactions because they have no need for legacy systems and the tech will be matured far enough for that to be preferable for them. I think we are still a long way from that situation.

Can't you find some better comfortable btc/fiat number, Searing? that will assist you to have less stress and maybe even feel a bit of jubilee, upon a 20% price drop (for example)??... without having to resort to fantasy, for example?

I admit that I begin to get a little stressed out while BTC prices are dropping really quickly, but having had cashed out (incrementally) on the way up, tones down a lot of the possible stress that I feel without my having to resort to some fantasy construction... (regarding magical internet money) because BTC is real... we can really cash out all of it or any subportion, at any time, if we have the guts.

Yeah, yeah, yeah, after my multitude of posts in this thread, several of you folks have a pretty decent idea that I am not intending on cashing out any large quantities of BTC at any time soon... but anyhow, I know that I could cash out all or some of it, if I were to want to at any time that I want to and any time would be a considerable windfall, absent a dramatic price drop below $1k, for example...

By the way, I am showing a bit below $400 average cost per BTC, right now, but yeah, if the price goes down and I buy, then my average cost per BTC goes up.. and then it goes back down as I sell as the price is rising.

So, yeah, my current allocation of approximately 90.5% BTC and 9.5% fiat is feeling like a pretty decent place to be, at the moment.

 I don't really feel like I need to be more allocated in one direction or another - however, when (or maybe if) btc prices change dramatically and at a quick pace, I do still start to get some feeling, a little bit, of I should have gone heavier BTC or that I should have gone heavier fiat.. blah blah blah.. feelings, feelings, feelings,  but in the end, I gotta get over those feelings and find a comfort spot, no?  And some of that comfort spot comes from having had sold incrementally, some of it, on the way up, without betting too heavily in one direction or another - while still hoping (and even kind of presuming for the longer term) the price will continue to go up, no?

Awww BMB, you seem bored. Here's a little night time reading for ya. 
https://crowdsondemand.com/
http://www.crisis-solutions.com/

Considering I have put real money to get my bitcoin, it would be very stressfull to think of my btcs as 'magic internet unicorn money'   

Ack! If it was me making the above post...I'd have JINXED IT!!! ... I hope the ASIC gods like you better!!!!

(I myself have gone back to thinking of my crypto hoard as 'magic internet unicorn money' thinking of it as REAL money is too stressful

We could model bitcoin total valuation as the 'population', P, in the Verhulst equation and the total carrying capacity, K, would then be the total value of all the money supplies in the world since bitcoin is the first truly pan-global money. We could even expand K to include all the currently monetised assets since fiat has been molested so badly it is actively avoided for use as money with the resultant monetisation of assets like property, stock shares, commodities, bonds, collectable cars, art, etc now routinely acting as monetary substitutes creating outrageous bubbles in all these asset classes. The growth rate, r, is a little more difficult to get to grips with since it is still relatively early and growth has been sporadic, volatile even.

Here's the governing equation;


with solution

P_o being the valuation at some chosen initial time (2 pizzas for 10,000 btc being the commonly accepted bitcoin value initialisation event, t_o),

and where


with canonical shape
.

Someone else can fill in the relevant numbers. Adding in a time-variable K(t) is not that difficult and might be useful to predict the expanding total carrying capacity demand for a true monetary asset when demonetisation of traditional asset classes takes place as sound money is restored.

No, not really.

https://www.anonymousconservative.com/blog/the-theory/rk-selection-theory/

It is actually a logistic function (you know that famous S-curve?) adapted by Verhulst

why to claim Bitcoin Gold and enter private keys or seeds on this website??

this is most probably SCAM!!

https://www.getbtcgpu.org/ - https://twitter.com/btcgpu

EDIT: SCAM!! stay away!

https://www.reddit.com/r/btc/comments/78yc03/psa_warning_there_is_a_site_called_getbtcgpuorg/

Thank you for being so very well reasoned, it's a nice change from the usual frothing.

Well, based on what I've read so far, I don't even care about BTG's value. I don't think it's worth messing with my private keys and moving coins around, just to get this crapcoin. I never liked BCH, but at least that coin was better designed than this BTG crap. Hell, they couldn't even get their website done right in the early stages. It looked like the output of an alpha version of Google Translate... Just imagine the quality of the actual coding!

Kind of difficult to believe you about any of this when you are seeming to engage in such exaggerations.

Sure, I am not happy that I got kicked out of Bitfinex as a USA related person, and I am not happy that Bitfinex did not allow any adjustment of withdrawal fees; however, in the past weeks, I engaged in a large number of withdrawals from Bitfinex -both large quantity and also several transactions, and they did not diddly dally on any one of my withdrawals.

My BTC were withdrawn in 8 parts, and I also withdrew (in one part each) Monero, LTC, Bcash, ETH and ETC.  Each and every one of my withdrawal request were processed within an hour or so, and so now, I have zero value remaining on bitfinex... 

Yep. I prefer a slow and steady rise than a rapid, massive rise followed by a huge drop afterwards. In any case, the trend is expected to be positive, given sufficient time.

About 2020, we should not forget the halving that occurs then... There will be good times to come to this space, and the winners (as always) will be the HoDLers.

Conclusion: HoDL, sit back and enjoy!

Not at all. What determines if someone has an r or K mentality is how developed the amygdala is, and it develops in response to the environment we live in and the things we experience.

We all start as r. As we get older and experience life we drift towards the K side to varying degrees, mainly based on life experiences. And the thing that makes the amygdala grow is life threatening danger. r's are hedonists and narcissists, while K's are survivors and protectors. That's why society becomes better with each generation when most people have a K psychology, and declines when most become r's.

One implication of this is that r's are unable to understand K's, while K's can understand r's (even if only on a technical level). It is quite literally a difference in the level of brain development.

Incidentally, most of us have some element of the K psychology, or we wouldn't be dealing with bitcoin in the first place. High risk with high reward is what we do.

I hope that happens right now, then I will buy their stupid shitcoin for ZERO and they can fuck off

Yes less than 24 hours before the fork (with no prior indication that Bitfinex would support such a fork) there was a general Bitcoin Gold announcement regarding split tokens added for this etc. And towards the end there is one sentence neatly hidden explaining the situation.

Point is they can enact whatever policy they want but with less than 24 hours notice (and thats if you happen to be online to read the announcement as soon as it was published) it is very difficult for me to get out of my margin positions (meaning a huge loss as some are in negative at the moment) or finding a source (such as a friend) who I could have asked to send me enough BTC for the moment the snapshot took place to cover my margins.

BTG is pure Garbage!
Bitfinex is also pure garbage. I created a BTC Withdraw on 23rd. The Withdraw was processed on 25th. Guess what... No BTG!
Beside that, I had never a withdraw from finex beeing processed faster than 2 Day´s, although it gets confirmed Immediately.

And meanwhile the Price of BTG goes to Zeerooo!

I was wondering about that. I had a tiny amount shorted and I figured the BTG -.01 BTG thing was an error. I had about 5 BTC on the exchange so I went to move it to the trading wallet to get rid of my BTG but accidentally put it in margin and it subtracted that tiny amount. I immediately moved that to the trading side and turned it into .1 BTC or so.

These fork alts are like DOGE...the best thing to do with them is get rid of them as soon as you get them.

That's a extremely bullish statement!
Such a spike would also mean a massive correction for a longer period of time.
I'd prefer another 12-18months a steady rise as we've seen the last 2 years.Don't know if Bitcoin will be that nice to us.
However this would push up easily to $15k imo without having to worry of another mega crash and bear market imo. Then 1 year consolidation and taking a bit of breath before going with recharged batteries into 2020 for the next halving and going full parabolic!