...
$29,638 as I write. I wonder what's up?
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 5143. (Read 26710163 times)
July 19, 2021, 10:22:09 PM
July 19, 2021, 10:02:55 PM
seen a few four baggers over the last dozen pages or so.
Beautiful aren't they?
July 19, 2021, 10:01:34 PM
July 19, 2021, 09:20:59 PM
Just in the nick of time 3 bagger was stopped
well the diff is going up which was what I hoped for it is now around +6.5% which is okay. I thought it would settle at 2-4 but 6 works.
well the diff is going up which was what I hoped for it is now around +6.5% which is okay. I thought it would settle at 2-4 but 6 works.
Yes.. but there are still 11 or 12 more days in the difficulty period.. so sure we can speculate about how those 11 to 12 days will play out, but it seems that we have to wait a few more days before proclaiming either degree or direction of the hash power change for this difficulty period even though sure, we started with a negative momentum in the very beginning (1st 24 hours or so) of this difficulty period, and then that hash power momentum turned positive and seems to be continuing to trend in a positive direction (so far), even though only a couple of days have passed in this difficulty period.. .so far.
Latest Block: 691810 (12 minutes ago)
Current Pace: 106.2434% (323 / 304.02 expected, 18.98 ahead)
Previous Difficulty: 14363025673659.96
Current Difficulty: 13672594272814.14
Next Difficulty: between 13913800067059 and 14526948712999
Next Difficulty Change: between +1.7642% and +6.2487%
Previous Retarget: last Saturday at 6:32 PM (-4.8070%)
Next Retarget (earliest): July 30, 2021 at 10:47 PM (in 11d 1h 35m 6s)
Next Retarget (latest): July 31, 2021 at 12:42 PM (in 11d 15h 30m 35s)
Projected Epoch Length: between 13d 4h 15m 17s and 13d 18h 10m 47s
https://www.bitrawr.com/difficulty-estimator
July 19, 2021, 09:02:39 PM
Just in the nick of time 3 bagger was stopped
well the diff is going up which was what I hoped for it is now around +6.5% which is okay. I thought it would settle at 2-4 but 6 works.
well the diff is going up which was what I hoped for it is now around +6.5% which is okay. I thought it would settle at 2-4 but 6 works.
July 19, 2021, 09:01:27 PM
July 19, 2021, 09:00:44 PM
saw buddy 2x and said fuck it here I am
July 19, 2021, 08:01:27 PM
July 19, 2021, 07:01:36 PM
July 19, 2021, 06:55:53 PM
... bitcoin supply and demand in pictographs, here's an idea I've been playing with, anybody who's done basic economics are familiar with the supply and demand curve
https://www.mindtools.com/pages/article/newSTR_69.htm
... sooo, estimating a long-term price trend for bitcoin would seem to require knowing first supply and demand curves
... bitcoin money supply is essentially fixed by the mining algorithm
... however bitcoin demand is a much trickier beast but there a several factors/trends that we should expect to establish themselves as the bitcoin network grows, Metcalfe's law for value of networks
... the specific demand curve for Veblen goods (includes monetary goods) that is unlike regular goods where demand reduces with increasing price
... and finally the S-curve (logistics curve) for diffusion rate of innovation associated with adoption of new technologies
... as seen
... now if someone were to put those curves into a supply vs demand vs price vs time equation (and adjust the price basis for fiat inflation) I'd be interested to know what that looks like, especially when fitted with known price history to the present day
... my hunch is the dominant trend thus far in bitcoin pricing has been the fixed reduction in supply while demand has been relatively flat (early-adoption phase only), interrupted by temporary spikes due to mini adoption waves 2011,2013,2017, 2021 instigated by the supply shocks due to halvings
... my thesis is that the technology adoption and S-curve demand trends have yet to establish themselves and will be continuous over many years, unlike the 4-year cycles seen previously
TL;DR the super cycle of adoption demand is very much still ahead of us
https://www.mindtools.com/pages/article/newSTR_69.htm
... sooo, estimating a long-term price trend for bitcoin would seem to require knowing first supply and demand curves
... bitcoin money supply is essentially fixed by the mining algorithm
... however bitcoin demand is a much trickier beast but there a several factors/trends that we should expect to establish themselves as the bitcoin network grows, Metcalfe's law for value of networks
... the specific demand curve for Veblen goods (includes monetary goods) that is unlike regular goods where demand reduces with increasing price
... and finally the S-curve (logistics curve) for diffusion rate of innovation associated with adoption of new technologies
... as seen
... now if someone were to put those curves into a supply vs demand vs price vs time equation (and adjust the price basis for fiat inflation) I'd be interested to know what that looks like, especially when fitted with known price history to the present day
... my hunch is the dominant trend thus far in bitcoin pricing has been the fixed reduction in supply while demand has been relatively flat (early-adoption phase only), interrupted by temporary spikes due to mini adoption waves 2011,2013,2017, 2021 instigated by the supply shocks due to halvings
... my thesis is that the technology adoption and S-curve demand trends have yet to establish themselves and will be continuous over many years, unlike the 4-year cycles seen previously
TL;DR the super cycle of adoption demand is very much still ahead of us
July 19, 2021, 06:49:56 PM
Hey Physics. Thanks for the meal.
https://www.youtube.com/watch?v=mvVaQu_hXIU
Do you mean that ? Or Physics in General?
July 19, 2021, 06:34:25 PM
Hey Physics. Thanks for the meal.
July 19, 2021, 06:26:43 PM
... you know I'd be much happier if Musk just fucked off and left bitcoin alone totally, in fact I'd love it if he flounced out in the usual sociopathic rage-quit
... last thing bitcoin needs is a Chinese Commie toadie interjecting himself into conversations with Western gubmint around bitcoin
July 19, 2021, 06:08:20 PM
July 19, 2021, 06:01:27 PM
July 19, 2021, 05:29:06 PM
Can we just have a rally already I am getting tired of these low numbers showing on my ticker.
July 19, 2021, 05:01:26 PM
July 19, 2021, 04:23:11 PM
retail army to displace whales?
https://dailyhodl.com/2021/07/18/this-group-of-investors-drive-bitcoin-bull-markets-according-to-analyst-willy-woo-and-its-not-whales/
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tenken sen resistance broken kijun sen resistance @$31,168.13 on the hourly
1h
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@juansnowgee obv its at least 4 blank spaces to equal a period....this is known
https://dailyhodl.com/2021/07/18/this-group-of-investors-drive-bitcoin-bull-markets-according-to-analyst-willy-woo-and-its-not-whales/
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tenken sen resistance broken kijun sen resistance @$31,168.13 on the hourly
1h
------
@juansnowgee obv its at least 4 blank spaces to equal a period....this is known
July 19, 2021, 04:01:36 PM
July 19, 2021, 03:51:03 PM
http://
doubtfull,the 50$ floor is not imaginary.
http://s23.postimg.org/u091utlhn/Untitled.png
it all comes down to psychology
sellers don't want to sell below 50$
buyers are happy to buy tons at 50$
... RALLY
Don't you think we'll re-test the ~$50 price beforehand?
doubtfull,the 50$ floor is not imaginary.
http://s23.postimg.org/u091utlhn/Untitled.png
it all comes down to psychology
sellers don't want to sell below 50$
buyers are happy to buy tons at 50$
... RALLY
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