Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 4193. (Read 26714334 times)
January 12, 2022, 07:40:02 PM
Be careful out there, brothers.
January 12, 2022, 07:13:59 PM
Bye bye Firefox
I absolutely hate the modern world, and how everyone has to follow the same agenda i.e looking good to their customers. Looking like they care about the world, when really they're cherry picking things that they can do away with, but as mentioned above the very thing they cater to; the internet uses a tonne of resources, and will likely keep increasing massively in the future. I just wish some companies were inspired, and brave enough to try something against the grain, and instead of removing something that is perceived bad, start to change the opinion of the population, and who knows even contribute to bettering the technology itself. You know, like a certain Cryptocurrency creator did...
Its very likely that this perception of the general public about how bad Bitcoin is to the environment, and how it effects climate change is partly the reason why its taken a little fall. I'm not really complaining too much about that to be honest, I get to earn a little more Bitcoin than I would have if it stayed where it was at, and I'm confident in the future we'll actually be able to largely reduce this reputation. Its just annoying to see brands, and services I prefer coming out with nonsense like this. I know they haven't completely removed it yet, since they're conducting a review, but they likely will after they feel the pressure from the public.
January 12, 2022, 07:08:12 PM
Not sure many potheads can really make an impact on studies posted on pubmed by the National Institute of Health... but yea, Otherwise I understand your skepticism.
Those people went to uni. I also went to uni. I can tell you that it's not a stretch.
January 12, 2022, 07:01:36 PM
January 12, 2022, 06:55:00 PM
What is this? Sideways for ants?
Ant pumps are going for long and maybe now these ants have turned to big lizards so now stop CB please and give some boost out pumps to elephant's also 
Even if you want to make some tortoise moves then do it but make them in forward direction not around the circle of $41k-$43k.
C'mon have some btc food and spill out some pumps for us also
To some extent, "it is what it is." $43k and even touching upon $44k feels relatively better than when we had our dipping down to $40k and even touching into the upper $30ks.. even for how short of a time that it was... .. not a good feeling...
So, yeah getting a bit more UPpity should not be a bad thing, and maybe we cannot start resting assured about our bottom of $39,559 for this correction period being "in" until getting into the upper $40ks and even in the lower $50ks, but maybe we cannot really start to feel some kind of assurance that our distance from that $39,559 bottom is sufficiently great enough to be "in" until we get supra $52k or even supra $53k.. Currently, I am thinking supra $53k... even though getting above $50k could perhaps be enough.. I just feel it might not be enough to start to feel some confidence that the local bottom of $39,559 is "in."
Any mining expert can disclose how many machines or how much it currently would cost to set up a mining arrangement that produces 126 Terahashes (TH) of mining power?
1 th earns .2296 usd a day
10 th earns 2.296 usd a day
100 th earns 22.96 usd a day
126 th earns 28.93 usd a day
1000 th earns 229.60 usd a day
10000 th earns 2296.00 usd a day
100000 th earns 22960.00 usd a day
1000000th earns 229600.00 usd a day
1260000th earns 289,300.00 usd a day just about 1 block if rewards were .15 btc as 6.40 x 44000 = 281600
so he earned about 10,000 days worth of coin rather than 1
best machines to get exactly 126 th would be say 3 antminer t17 units or 2 whatsminer m20s units.
So basically it was hitting a 10000 to one shot.
January 12, 2022, 06:52:26 PM
Potheads claim cannabis cures everything so color me skeptical. Not that people shouldn't be able to use it as they please.
Not sure many potheads can really make an impact on studies posted on pubmed by the National Institute of Health... but yea, Otherwise I understand your skepticism.
January 12, 2022, 06:51:34 PM
January 12, 2022, 06:40:44 PM
Potheads claim cannabis cures everything so color me skeptical. Not that people shouldn't be able to use it as they please.
January 12, 2022, 06:01:27 PM
January 12, 2022, 05:56:36 PM
Well this is what Americans supposedly voted for.
To be fair, some of this started under Trump and the unmeasured reaction to the coof (which that was part of) hasn't helped. But yes, those who gave votes to Biden should have known this was on the cards.
Given the choice of the lesser of two evils in not really a choice.
That's how they get you! The most evil thing is that electoral system is designed with 2 candidates in mind. It breaks when there are 3 candidates: if neither of the 3 gets over 50% threshold, then neither of them becomes President. Crazy stuff haha.
January 12, 2022, 05:15:24 PM
At a glance: we're still missing the last leg.
Agreed, can't see the numbers on that graph properly but I guess it should propel us to something like 200% up?
Get the choppa ready!
Lookie wookie...
The bulls coming out of the woodwork with such bullish proclamations.
Wow!!!!!
200% would take us all the way to $120k and maybe even get us to $130k.....wooopie......
woooppiiiiieeee
woooppiieeeee
Looking forward to those BIG ASS numbers!!!!!!!
Meanwhile, 7% inflation in U.S.
7%? First time since 1982? You have to be totally retarded not to buy BTC now!
Everything's going to be JUST FINE. Or so they say...
https://www.bloomberg.com/news/articles/2022-01-11/past-the-worst-why-u-s-inflation-could-fade-or-linger-in-2022
Haha most hilarious article I've read this year! 3% or less by the end of 2022? Good luck with that!
Even if that seemingly best case scenario rosy picture were to end up coming true, we are still extremely prejudiced by the mere fact that we have already experienced a locked in higher rates of inflation that ended up moving everything up in price so the future prices are not reversing anything that has already gotten locked in.. that is even if they were to be able to bring the real rate of inflation back down to below 3% and into a 2.5% arena as they are rosey pie in the sky projecting (in theory).
January 12, 2022, 05:01:26 PM
January 12, 2022, 04:55:11 PM
44000 in Words can be written as Forty Four Thousand. If you have saved 44000 dollars, then you can write, “I have just saved Forty Four Thousand dollars.” Forty Four Thousand is the cardinal number word of 44000 which denotes a quantity.
January 12, 2022, 04:53:36 PM
Any mining expert can disclose how many machines or how much it currently would cost to set up a mining arrangement that produces 126 Terahashes (TH) of mining power?
The Bitmain S19 has 110Th/s
On average if you solo mined with one Bitmain S19 (110TH) you would hit one block about every 30 years (assuming constant difficulty)
In the real number interval [0,1], any specific number has zero probability of being picked (assuming a continuous probability distribution).
Here's one:
0.4895739579579407964907
Hey, I picked it! I'm so lucky, right?
That's what happened to the lucky miner who got 6.25 BTC so soon. It was pure luck. The probability of you and me getting this lucky is practically zero, as was his.
Few understand this.
My L3+ mined a LTC block about a year ago for a pool, at the time it would have taken 435+ days (probability) to solo mine. For $400 worth of power during a probabilistic time period I couldn't chance a solo endeavor. The S19 takes about 4X the power I cannot fathom how one could solo mine with any expected outcome unless they are actually a farm that has 500+ machines.
.... or free electricity?
January 12, 2022, 04:40:20 PM
Any mining expert can disclose how many machines or how much it currently would cost to set up a mining arrangement that produces 126 Terahashes (TH) of mining power?
The Bitmain S19 has 110Th/s
On average if you solo mined with one Bitmain S19 (110TH) you would hit one block about every 30 years (assuming constant difficulty)
In the real number interval [0,1], any specific number has zero probability of being picked (assuming a continuous probability distribution).
Here's one:
0.4895739579579407964907
Hey, I picked it! I'm so lucky, right?
That's what happened to the lucky miner who got 6.25 BTC so soon. It was pure luck. The probability of you and me getting this lucky is practically zero, as was his.
Few understand this.
My L3+ mined a LTC block about a year ago for a pool, at the time it would have taken 435+ days (probability) to solo mine. For $400 worth of power during a probabilistic time period I couldn't chance a solo endeavor. The S19 takes about 4X the power I cannot fathom how one could solo mine with any expected outcome unless they are actually a farm that has 500+ machines.
January 12, 2022, 04:36:24 PM
Just came back home from work (VERY busy lately...), and I see a nice, near-parabolic upward movement.
$44k reached -- hopefully moar soon.
Go, Bitcoin, go!
$44k reached -- hopefully moar soon.
Go, Bitcoin, go!
44k looks nice but it fell back to 43.7
Yeah, it's dropping now... Almost feel like I jinxed it.
Say whatever you like.. I doubt dee corns gives any more than a token of a shit, if that?.. including the voo-doo karma angle.
I believe the bull run is NOT over yet. There was no real bull run IMHO. There was a rise, sure, and we've had the Elons and the ETFs and all, but I feel there's plenty of steam left in that choo-choo to let out.
Surely, many of us HODLers got a lot of pleasures out of our 6.5x run between September and April and even the complementary return to $69k in October/November - for however brief that is now seeming.
So yeah, we sunk back into the doldrums of only 2.8x and then recently 3.9x.. and hovering around 4.3x to 4.4x.. but still, can't really feel too bad about any of that.. and even seems to exceed the various real inflation that we have been experiencing during that same time when (or if) we go out to price hookers, lambos and blow (or similar good or services within our current of future consumptions).
If we are attempting to live with actual facts, it still seems difficult to spin our current situation in a negative way - unless we are really out of touch with several realistic scenarios that could have made our situation even worse.
For sure, we would not even have had to have been stacking sats since 2015 or so in order to really appreciate a lot of advantages that we have had in the last 17 months or so, so long as we had mostly been stocked up on BTC prior to September 2020.... I will concede that there has been a decent amount of advantage that had been delivered to those peeps who had mostly been stocked up on BTC prior to September 2020.
And, for sure, we cannot completely control either when it was that we heard about bitcoin and/or were in a position to look into the bitcoin matter and to feel comfortable to start stocking up or to aggressively stock up... so surely some advantage to those who had already stocked up prior to September 2020.. yet even if those persons still in the process of getting started stocking up after September 2020 were not advantaged as much, they still should be able to reap similar kinds of benefits as the pre-September 2020 stocked up club so long as they stay persistent with their focusing upon making sure that they are stacking/stocking up reasonably and sufficiently within their means.
Of course, many of us who have studied this bitcoinlandia price dynamics space cannot quite feel that this whole situation of topping off seems very plausible, even if many scenarios remain possible, the tops already in scenario seems like it remains amongst the minority of scenarios.. like we have already been in a similar place (maybe not exactly this same place, but something similar) and we realize that the fat lady may possibly not have sung, yet.
At the same time, we are in a place that we can accept whatever happens to be our fate while knowing and appreciating that bitcoin remains a quite decently strong asymmetric bet for any of those (us) who are able to recognize and appreciate the actual existence (in this world) of such a thing.
Not worried, not disappointed, just patiently waiting for that "fuck you" level, to be officially free from monetary slavery. That level is different for each one of us, for me it's around the $100k stable mark. Stable means that it has at least reached twice that amount, has had a couple of healthy corrections and is hovering at a level deep into the $100k-$200k region.
That seems like a decently fair way of assessing the matter in a way that you are not getting too hyped up about the top, but trying to figure out a kind of king daddy price gravitating point.. It would be dangerous for any of us to be pulling the fuck you lever prior to really being in a position that we can really have had handled the ramifications of such. Some guys will not admit when they had pulled the fuck you lever too soon, but sometimes we can see these kinds of examples in real life. At the same time, some times we have to be sure that we are not allowing the perfect be the enemy of the good. Sometimes guys will set their expectations regarding "how much I need" to be way higher than what is actually necessary. The other day, I heard https://overcast.fm/+I6zH4NKoM">Preston Pysh talk about this example in his going over Tony Robbins in his podcast, and he talks about Tony Robbins talking about the guy who says that he needs $1 billion dollars.. which when getting into the details, is just ridiculous that the guy is setting unachievable goals for himself, and probably some of those guys could easily be in a great position with a fraction of their stated goal, especially if they contemplate the reality of what they actually are trying to achieve by getting to such status.
It could come this year, or it may not. Either way, is fine by me. I've been in this scene since 2015 -- what's another 2-3 more years?
I understand that you are not so hot about Stock to Flow, but surely I consider the Stock to Flow model to be far from dead.
And, with the Stock to Flow model there is an anticipation of the average BTC price to be $100k for this 4-year halvening period, and we are only less than two years into the halvening period (which is the time past since the halvening in May 2020), and so even if maybe we ONLY end up achieving some lower average for the whole period, there still seem to be decent odds that the average for the period is going to move up.. maybe the average for this period is ONLY $40k-ish? The 104-week moving average is about $31k, which would be the average for the past 2 years.
So, sure we should be preparing financially and psychologically for a variety of scenarios, and sure for me it seems decently plausible that we could reach something close to $100k stability in the next 2-3 years, but even if we merely keep gravitating UPpity with the both the 104-week moving average and the 208-week moving average.. they do seem to be heading in that direction (with the 208-week moving average currently at about $19k and the 104-week moving average currently at $31k), even if it may well end up taking longer than 2-3 years to get there.. even something as long (bad) as 4-6 years, which surely seems to be a bearish-as-fuck scenario, but still in reality would not even be that bad for any of us who have already stocked up on BTC prior to September 2020.. and not even so bad for those folks who started stacking sats after September 2020 and even just starting to stack in recent times... of course, the later the time that anyone started stacking sats, they may well be in a better position to think about the whole stacking of sats matter in a more aggressive (or assertive) way based on the totality of circumstances including that the word about bitcoin seems to increasingly be getting out there and into the financial status quo incumbent folks which likely means that some of those financially status quo incumbent folks are going to try to hoard sats...and push up the BTC price for everyone else.
January 12, 2022, 04:35:37 PM
https://twitter.com/RepTomEmmer/status/1481285627488489476
Quote
Tom Emmer
@RepTomEmmer
·
6h
Today, I introduced a bill prohibiting the Fed from issuing a central bank digital currency directly to individuals. Here’s why it matters:
@RepTomEmmer
·
6h
Today, I introduced a bill prohibiting the Fed from issuing a central bank digital currency directly to individuals. Here’s why it matters:
January 12, 2022, 04:29:52 PM
Well this is what Americans supposedly voted for.
To be fair, some of this started under Trump and the unmeasured reaction to the coof (which that was part of) hasn't helped. But yes, those who gave votes to Biden should have known this was on the cards.
Given the choice of the lesser of two evils in not really a choice.
That's how they get you! The most evil thing is that electoral system is designed with 2 candidates in mind. It breaks when there are 3 candidates: if neither of the 3 gets over 50% threshold, then neither of them becomes President. Crazy stuff haha.
January 12, 2022, 04:06:42 PM
…..
That's what happened to the lucky miner who got 6.25 BTC so soon. It was pure luck. The probability of you and me getting this lucky is practically zero, as was his.
Few understand this.
Yup.That's what happened to the lucky miner who got 6.25 BTC so soon. It was pure luck. The probability of you and me getting this lucky is practically zero, as was his.
Few understand this.
Hence mining pools.
Fun fact…
I used to solo mine a shitcoin that could only be solo mined, no pools.
I did okay. Usually found about 5 blocks a day on average (about 2$ worth)with a 750ti.
Traded em all for bitcoin at end of every month. Fun stuff and kept me amused…
January 12, 2022, 04:03:49 PM
Well this is what Americans supposedly voted for.
To be fair, some of this started under Trump and the unmeasured reaction to the coof (which that was part of) hasn't helped. But yes, those who gave votes to Biden should have known this was on the cards.
Given the choice of the lesser of two evils in not really a choice.
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