I just sold my (non)luxurious 1992 Toyota. Moar bitcoin.
I like Searing's idea of attic mining. I am flipping junk for BTC.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 5219. (Read 26723552 times)
July 19, 2021, 11:31:56 PM
July 19, 2021, 11:24:20 PM
So looking like the blow-off top was present in spirit if not in numbers and now we're out in the wilderness again. It's different this time until it isn't. Oh well, guess it's a couple of years of annoyance until things get good again.
July 19, 2021, 11:22:32 PM
While we all are worried about bitcoin going down below $30k the whales are on the move to gain the momentum and turn it into high profits.
The bitcoin entity containing 144,000 Bitcoins in his 18 wallets containing 8000 btc in each of them was not moved from Dec 2018 and over past three days he has accumulated other 29880 btc at 950 million USD.
Weak hands sold off to the big ones and later regret selling off at low prices and make some shitty excuses.While market is down whales don't think and ask for suggestions whether to sell or hold but simply invest in bitcoin and we also need to do the same.
If investments are made the prices will automatically show rise trends but most of panic sellers are making the reverse move which will turn stones for them in coming time.If you know btc with clear thought you would hold it or buy more rather than selling.
The bitcoin entity containing 144,000 Bitcoins in his 18 wallets containing 8000 btc in each of them was not moved from Dec 2018 and over past three days he has accumulated other 29880 btc at 950 million USD.
Weak hands sold off to the big ones and later regret selling off at low prices and make some shitty excuses.While market is down whales don't think and ask for suggestions whether to sell or hold but simply invest in bitcoin and we also need to do the same.
If investments are made the prices will automatically show rise trends but most of panic sellers are making the reverse move which will turn stones for them in coming time.If you know btc with clear thought you would hold it or buy more rather than selling.
July 19, 2021, 11:01:26 PM
July 19, 2021, 10:45:30 PM
seen a few four baggers over the last dozen pages or so.
Beautiful aren't they?
July 19, 2021, 10:26:43 PM
Pepper Your Angus
Sub $30,000 today.
Sub $30,000 today.
Few days later but here it is.
Expect a big dump now, don’t say you weren’t warned.
Where's proudhon? He could be taking a Victory Lap now. Tinker some more with his model now. Gloat..
July 19, 2021, 10:23:31 PM
Pepper Your Angus
Sub $30,000 today.
Sub $30,000 today.
Few days later but here it is.
Expect a big dump now, don’t say you weren’t warned.
July 19, 2021, 10:23:16 PM
Oro beat me to it.
July 19, 2021, 10:22:29 PM
Aand we are below 30k
July 19, 2021, 10:22:09 PM
...
$29,638 as I write. I wonder what's up?
$29,638 as I write. I wonder what's up?
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
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