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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 17081. (Read 26583142 times)

legendary
Activity: 1288
Merit: 1087
of course that doesn't stop someone who wants to screw with bitcoin going around to a few mines and burning them down. they must be quite hard to disguise these days.
legendary
Activity: 1358
Merit: 1016
legendary
Activity: 1288
Merit: 1087
Therefore can someone explain the increase in hashrate and what this means? Is it increasing security somehow or am I making this up?

What does it all mean?

I am a simple hodler.

I'm more of a PS4 guy than a PC guy if you get my drift.

a rise in hash rate means more machines coming online. the more machines there are the harder it would be to attack the blockchain by trying to out mine it. they'd need even more than before, which was already a mountain of them.
legendary
Activity: 1358
Merit: 1016
Although I've been here a while please don't be fooled by the hero status when it comes to mining, pools, hashrate etc.


Therefore can someone explain the increase in hashrate and what this means? Is it increasing security somehow or am I making this up?

What does it all mean?

I am a simple hodler.

I'm more of a PS4 guy than a PC guy if you get my drift.
newbie
Activity: 56
Merit: 0
Now I feel foolish, traded the top of the BTC/ETH bubble,  now a big dive on polo.  Cry
... don't buy ETH.

FTFY

The Korean's frenzy over ETH is pretty much exactly like the Chinese frenzy over bitcoin back in 2013. I.E., they weren't buying because they actually believed in it, but just to try and get rich quick. The Korean whale pumpers are having a field day right now.

The eventual ETH wash-out is going to be epic. But they'll be able to milk it as long as FOMO delusion is there.

better look @ btc wash-out coming days  Grin

ETH pairs on Chinese exchanges tomorrow and soon on Stamp coupled with the first ever 24h vol. exceeding the kings, I thought it was the best move.  I'm not a trader, just hoping to get lucky.  Anyway, I'll hold with these pieces in mind. Very curious to see if ETH breaks away from BTC pairing in the coming days.
FTFY
legendary
Activity: 1512
Merit: 1012
sr. member
Activity: 443
Merit: 260
Just a reminder:

On April 30th we were at about USD 1350 Cheesy

Now even with the big dump last weekend we are still about 900 USD higher than last month.
legendary
Activity: 1288
Merit: 1087
ETH pairs on Chinese exchanges tomorrow and soon on Stamp coupled with the first ever 24h vol. exceeding the kings, I thought it was the best move.  I'm not a trader, just hoping to get lucky.  Anyway, I'll hold with these pieces in mind. Very curious to see if ETH breaks away from BTC pairing in the coming days.

i didn't realise all of that was happening at once. that's quite something.

it's time bitcoin people stopped getting uptight about it because it doesn't care about bitcoin. it's off to do its own thing and soon neither market will have much to do with each other.

if people didn't get in for moral onjections that's fine. morals in crypto ain't too thick on the ground and are absolutely nowhere when it comes to profit.
newbie
Activity: 28
Merit: 0
Good morning Bitcoinland.

Still consolidating sideways... $2256USD (Bitcoinaverage). Pretty much where we've been for the last half week.

Up a bit, down a bit. Still waiting for a real move.

Ho hum.

good mawning sir ..yes btc is building a base here low $2250s then up we fly soon Wink

https://www.youtube.com/watch?v=BLbocs16h78
legendary
Activity: 1330
Merit: 1000
dafar consulting
Sup fellas...


Are we bleeding down to $1500-$1700?

Or trying for $3000 again?

And what's gonna happen on August 1st? Anyone else a little worried about UASF vs Jihan??

Well, transaction fees to get into next block are now $2.18, so bitcoin is now more expensive than an ATM.  This means it's usage as a currency is rapidly dwindling and putting it into settlement network only territory, except it doesn't actually function as a store of value like metals, so not useful as a settlement network.  The fundamentals just don't make any sense in that regard.  I assume the bitcoin traffic will also begin to spill into another coin looking for lower fees (probably litecoin).

Well true but the solution for transaction throughput is there... the community just needs to agree and implement which I think will happen.

BTC is still a better store of value than precious metals. Upside potential far greater than gold/silver... with greater ease of access and ability to move the value anywhere in the world, not to mention use it for online shopping and via ATMs.
legendary
Activity: 4200
Merit: 4887
You're never too old to think young.
Good morning Bitcoinland.

Still consolidating sideways... $2256USD (Bitcoinaverage). Pretty much where we've been for the last half week.

Up a bit, down a bit. Still waiting for a real move.

Ho hum.
sr. member
Activity: 274
Merit: 251
Now I feel foolish, traded the top of the BTC/ETH bubble,  now a big dive on polo.  Cry
... don't buy ETH.

FTFY

The Korean's frenzy over ETH is pretty much exactly like the Chinese frenzy over bitcoin back in 2013. I.E., they weren't buying because they actually believed in it, but just to try and get rich quick. The Korean whale pumpers are having a field day right now.

The eventual ETH wash-out is going to be epic. But they'll be able to milk it as long as FOMO delusion is there.

better look @ btc wash-out coming days  Grin
legendary
Activity: 3766
Merit: 5380
Now I feel foolish, traded the top of the BTC/ETH bubble,  now a big dive on polo.  Cry
... don't buy ETH.

FTFY

The Korean's frenzy over ETH is pretty much exactly like the Chinese frenzy over bitcoin back in 2013. I.E., they weren't buying because they actually believed in it, but just to try and get rich quick. The Korean whale pumpers are having a field day right now.

The eventual ETH wash-out is going to be epic. But they'll be able to milk it as long as FOMO delusion is there.
newbie
Activity: 28
Merit: 0
BTC heading up consolidate around $2250 then we go up Cool good times<<< $2017 was fun now uppp//^
sr. member
Activity: 373
Merit: 250
Now I feel foolish, traded the top of the BTC/ETH bubble,  now a big dive on polo.  Cry
... don't buy ETH.

FTFY
legendary
Activity: 1624
Merit: 1130
Bitcoin FTW!
Now I feel foolish, traded the top of the BTC/ETH bubble,  now a big dive on polo.  Cry
Never buy into a coin that appears to already be pumped. I never buy ETH these days unless there's a huge dump, and even then I don't buy ETH. I prefer just HODLing BTC and watching price.
legendary
Activity: 2590
Merit: 3015
Welt Am Draht
I never bother checking the price these days unless I have to buy something. It's much more fun guessing from thread titles.
legendary
Activity: 2002
Merit: 1040
I wish I could forget the bitcoin price and look in 5 years or so.

I don't trade so I don't need to look yet I check constantly.

I need help.

I think every one of us here does that 😕
legendary
Activity: 1358
Merit: 1016
I wish I could forget the bitcoin price and look in 5 years or so.

I don't trade so I don't need to look yet I check constantly.

I need help.
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