Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 4165.

Torque

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Quote from: JimboToronto on January 19, 2022, 10:34:03 AM

Quote from: Hhampuz on January 19, 2022, 10:18:29 AM

Quote from: Paashaas on January 19, 2022, 10:13:42 AM

EU regulator calls for a ban on proof of work Bitcoin mining to save renewable energy.

Quote

The European Union should ban the energy-intensive system used to mine Bitcoin, one of the bloc's leading financial regulators has said.

In an interview with the Financial Times, vice-chair of the European Securities and Markets Authority (ESMA) Erik Thedéen called for a bloc-wide ban on "proof of work" crypto mining, saying the industry's energy usage was becoming a "national issue" in his native Sweden.

https://www.euronews.com/next/2022/01/19/eu-regulator-calls-for-a-ban-on-proof-of-work-bitcoin-mining-to-save-renewable-energy

Sweden is such a shithole.

If someone wants to set up a solar, wind, or hydroelectric generator on his private property and mine Bitcoin, its none of any government's business.

Next up: Citizens with private renewable energy capture will be forced to sell it back to the public grid.

I can hear the politicians now: "We must socialize all private renewable energy...for the greater good."

BitcoinBunny

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Far, Far, Far Right Thug

Quote from: Paashaas on January 19, 2022, 10:13:42 AM

EU regulator calls for a ban on proof of work Bitcoin mining to save renewable energy.

Quote

The European Union should ban the energy-intensive system used to mine Bitcoin, one of the bloc's leading financial regulators has said.

In an interview with the Financial Times, vice-chair of the European Securities and Markets Authority (ESMA) Erik Thedéen called for a bloc-wide ban on "proof of work" crypto mining, saying the industry's energy usage was becoming a "national issue" in his native Sweden.

https://www.euronews.com/next/2022/01/19/eu-regulator-calls-for-a-ban-on-proof-of-work-bitcoin-mining-to-save-renewable-energy

Shame on all of you filthy Bitcoin holders. I'm done with this dirty practice. I cannot be part of this disgusting ethical money system any more!
End of!

https://bitcoinmagazine.com/business/bitcoin-energy-use-compare-industry

El duderino_

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BTC + Crossfit, living life.

ivomm

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All good things to those who wait

Quote from: El duderino_ on January 19, 2022, 07:49:09 AM

[snip]

Not bad or anything, I just would have sold a smaller %

I agree completely. However, I continue mining and DCA-ing, so the sold % would be reduced even more by the end of the year. And if I have a chance of rebuying back at acceptable for me levels, I'll use it. Having said that, I hope the bull run returns as soon as possible. It is so tiresome to watch this ugly chart in the last 2 months.

ChartBuddy

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Explanation

JimboToronto

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You're never too old to think young.

Quote from: Hhampuz on January 19, 2022, 10:18:29 AM

Quote from: Paashaas on January 19, 2022, 10:13:42 AM

EU regulator calls for a ban on proof of work Bitcoin mining to save renewable energy.

Quote

The European Union should ban the energy-intensive system used to mine Bitcoin, one of the bloc's leading financial regulators has said.

In an interview with the Financial Times, vice-chair of the European Securities and Markets Authority (ESMA) Erik Thedéen called for a bloc-wide ban on "proof of work" crypto mining, saying the industry's energy usage was becoming a "national issue" in his native Sweden.

https://www.euronews.com/next/2022/01/19/eu-regulator-calls-for-a-ban-on-proof-of-work-bitcoin-mining-to-save-renewable-energy

Sweden is such a shithole.

If someone wants to set up a solar, wind, or hydroelectric generator on his private property and mine Bitcoin, its none of any government's business.

Hhampuz

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Meh.

Quote from: Paashaas on January 19, 2022, 10:13:42 AM

EU regulator calls for a ban on proof of work Bitcoin mining to save renewable energy.

Quote

The European Union should ban the energy-intensive system used to mine Bitcoin, one of the bloc's leading financial regulators has said.

In an interview with the Financial Times, vice-chair of the European Securities and Markets Authority (ESMA) Erik Thedéen called for a bloc-wide ban on "proof of work" crypto mining, saying the industry's energy usage was becoming a "national issue" in his native Sweden.

https://www.euronews.com/next/2022/01/19/eu-regulator-calls-for-a-ban-on-proof-of-work-bitcoin-mining-to-save-renewable-energy

Sweden is such a shithole.

Paashaas

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Activity: 3620

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EU regulator calls for a ban on proof of work Bitcoin mining to save renewable energy.

Quote

The European Union should ban the energy-intensive system used to mine Bitcoin, one of the bloc's leading financial regulators has said.

In an interview with the Financial Times, vice-chair of the European Securities and Markets Authority (ESMA) Erik Thedéen called for a bloc-wide ban on "proof of work" crypto mining, saying the industry's energy usage was becoming a "national issue" in his native Sweden.

https://www.euronews.com/next/2022/01/19/eu-regulator-calls-for-a-ban-on-proof-of-work-bitcoin-mining-to-save-renewable-energy

JimboToronto

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You're never too old to think young.

Good morning Bitcoinland.

Still ~~bouncing~~ rollercoastering along in the $4xxxx range... currently $42401USD/$52911CAD (Bitcoinaverage).

Oh the winter blahs. Borrrring.

Quote from: BobLawblaw on January 19, 2022, 02:24:15 AM

Can someone please explain to me what the actual fuck is going on with the price action today?

A picture is worth 1000 words.

ChartBuddy

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Explanation

Richy_T

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Quote from: OgNasty on January 18, 2022, 11:19:28 PM

The news today of Intel getting into the mining chip game didn't seem to have an immediate impact on the market, but this is the sort of news that give other companies the warm and fuzzy feeling inside. I could see other companies who have had "mining chips primarily sourced from China" on the CONS side of their presentation now have something to put on the PROS side. A 200+ billion dollar company getting into Bitcoin mining is a pretty good signal that it's going to be big business for some time to come. For years we've heard about how Bitcoin mining wasn't a big enough slice of pie for companies like Intel to care about. Today, that is no longer true. Absolutely amazing. This has potential to be a price catalyst.

Quite frankly, I'd prefer they upped their GPU game.

Paashaas

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Small banks set to go live with bitcoin trading.

Quote

A group of community banks is poised to fulfill a high-tech goal it set last year: to let customers buy and sell bitcoin on mobile banking apps.

An estimated 300 banks, some of which unveiled their plans in June, will go live in the first or second quarter with this service with the help of the fintech NYDIG. The banks, the American Bankers Association and the Independent Community Bankers of America have made investments in the company as part of the effort.

https://www.americanbanker.com/news/small-banks-set-to-go-live-with-bitcoin-trading

Copetech

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Did somebody feed the Ants?

ChartBuddy

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Explanation

cAPSLOCK

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Note the unconventional cAPITALIZATION!

Quote from: BobLawblaw on January 19, 2022, 02:24:15 AM

Can someone please explain to me what the actual fuck is going on with the price action today?

Good grief.

Every now and then, after all these years... I find the fact astonishing that we are pretty much all just at the edge of our seats amazed at this view. Scared. Delighted. Worried. Knowing exactly what is going to happen, but having NO IDEA what is going to happen NEXT.

Wow.

cAPSLOCK

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Note the unconventional cAPITALIZATION!

Quote from: bitebits on January 19, 2022, 01:16:43 AM

Question for @fillippone

When I buy MicroStrategy stock for the USD price a bitcoin is worth, how many bitcoins do I indirectly own?

https://finance.yahoo.com/quote/MSTR
- Market Cap: $5.252B (nasdaq closed)
- Bitcoin price: $41700
- As of 12/29/21 we #hodl ~124,391 bitcoins

$5,250,000,000 / 124,391 = $42205 per bitcoin. So you currently pay a ˜$500 premium, for the company?

Wowee...

I knew this was happening but it had not smacked me in the face like this 'till now. Brushing aside the fact the company's other assets make this owning bitcoin by proxy with a discount for risk (and NOT that it is owning bitcoin at all...) the fact it comes out to this number is crazy...

But it's a legit bet. Because the people who own this stock ARE joining into a public companies asset structure and POOF.. there it is.

cAPSLOCK

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Note the unconventional cAPITALIZATION!

Quote from: PoolMinor on January 19, 2022, 12:13:29 AM

Quote from: Hueristic on January 17, 2022, 06:48:54 PM

Quote from: Torque on January 17, 2022, 05:19:04 PM

Quote from: cAPSLOCK on January 17, 2022, 03:58:18 PM

I agree that the Tether fud is, in general, fairly silly.

But I do want to say.. I am also not entirely comfortable with some of the trends I see happening with Tether.

There are lot's of two faced "Bitcoin Maxis" not only cozying up with Tether, but are actually using it via Ethereum at the same time of lambasting Vitalic and all the people on twatter with x.eth after their name.

I see a lot of nuance here. For example, I think I like the idea of using Blockstream's tether on their sidechain more than Eth for structural/scaling reasons. But I am still somewhat bothered by the tension between using Tether in place of Bitcoin... by so many people who have preached the "BITCOIN ONLY" gospel from the beginning.

....

But something just seems wrong about these idealists embracing Tether.

It bugs me. But I have not worked through all of it yet, I guess...

I can't say I know that much about Tether, as I haven't had any interest in it to look into it too deeply.

Having a stablecoin pin its value on a fiat is already a laughably bad idea. But to back a so-called "stablecoin" without being able to prove that it's actually pegged to the fiat dollar, much less able to prove its pegged to anything at all really, nor to be able to verify who holds it or how much, if the collateral backing it (fiat) is there and accessible 1:1, seems actually far worse than backing digital fiat to me.

And beyond just making day trading easier, what purpose does it serve?

https://youtu.be/-whuXHSL1Pg?t=136

The warning has already been noted. Bitfinex volume much larger over the last 3+ months.

And this is another reason I am looking for the nuance.

Some things we know.

1. Bitcoin isn't going anywhere. No matter what. Tether could flick some shit at bitcoin, and it might spook the markets briefly, but it will NOT stick and Bitcoin will survive.

2. Tether does not threaten Bitcoin. They do not do the same thing. And people do not see the mathematical certainty that people are NOT going to store value in a fractionalized synthetic token run by some shell firm on some little island where Calvin likes to hang out. Not when they can store value in pure math itself.

3. Tether IS finding significant use cases. Increasing liquidity. Rearranging counterparty risk. And facilitating all sorts of Money laundering lol. But also working as the backbone for systems that move quickly between USD and BTC values. Don't both Strike and El Salvador use it?

It is very interesting to watch the Federal Reserve stand and gawk as software absolutely DEVOURS them. Both good software like BTC, and shady crap like ETH and Tether.

There are going to be many explosions.

ChartBuddy

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Explanation

El duderino_

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BTC + Crossfit, living life.

Quote from: ivomm on January 19, 2022, 07:29:26 AM

Quote from: AlcoHoDL on January 19, 2022, 07:08:20 AM

Quote from: ivomm on January 19, 2022, 07:00:03 AM

[...]

...no theoretical chance of becoming a fish...

[...]

Can someone point me to the HoDLers' Marine Scale? Just to see where I stand. Thx.

I started as a small octopus in 2017, grew to medium by 2020, and shrank again to small in 2021.

Then imho you did oversold……

If from little to big octopus…. Then back to little….

Not bad or anything, I just would have sold a smaller %

AlcoHoDL

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Addicted to HoDLing!

Quote from: ivomm on January 19, 2022, 07:29:26 AM

Quote from: AlcoHoDL on January 19, 2022, 07:08:20 AM

Quote from: ivomm on January 19, 2022, 07:00:03 AM

[...]

...no theoretical chance of becoming a fish...

[...]

Can someone point me to the HoDLers' Marine Scale? Just to see where I stand. Thx.

I started as a small octopus in 2017, grew to medium by 2020, and shrank again to small in 2021.

Thanks for that.

IMHO, most shrimps and ALL of the other species below dolphins will be "fuck-you" rich in 5-10 years from now (dolphins and above are already there now).

Of course, it all depends on what "fuck-you" rich means to each one of us -- I've given a conservative prediction. It could be sooner... Perhaps, perhaps... Cheesy

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 4165. (Read 26713521 times)