Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 5256. (Read 26720873 times)

That is an exceedingly salient article.  Seems to me the end of the world is playing out quite nicely.  If you think about is plagues and the mark of the beast are all in there together...

Not the kind of "material" that creates a TP shortage... uhm no. 💩

Hey! Missed you, ya grumpy old fuck! Pages were filling with short concise messages and meme's rather than your wall o' words pontificating. You been busy waxing your ears so your headphones 🎧 fit?

Granted she’s well past her best but you’re not into heterosexual pornographic material?

Have you met our good friend Bob, he’d love to meet you.

@JJG:
Amongst the more naturally baked minds it is considered an absolute truth that reality is an "agreement".
You see, something went wrong in evolution, maybe it's temporary (i hope so), but humans generally got way more brainpower than most of them can manage, so it kinda bleeds into other activity apart of sane conclusions based on repeated observations.
Maybe (most) drugs are just a good way to tame that overshooting brain-capacity.
I wish we could power miners with that excess energy. Some day, perhaps?  

OK I just puked a little bit in my mouth...

Please NO Links!

Not into that kind of thing...🤮

The most important part of your whole analysis is the part that I bolded above.

hahahahahaha




Cute.. little duckies chasing around BIG duckie...educational about both nature and our lillie fiend, aka bitcoin, all at the same time.


Sure, everything is relative, but some things are relatively close to absolute and pure nonsense and should not deserve anything close to serious considerations.

In other words, if we have some kind of best case scenario that describes various aspects of reality that is 70% likely to be true, and we have another version of reality that is 0.315218% likely to be true, wouldn't you reasonably conclude that it would be a better approach to life to attempt to get closer to the 70% likely variation of reality than the one that is a minuscule percentage that is even less than 1% likely of being true?  

In other words, proclaiming that "everything is relative" is a failure and refusal to even attempt to grapple with nuances and just continue to spout out bullshit ideas as if they deserve some kind of fair hearing, when they do not... you seemingly relative dumb ass (just saying.. no homo).    

Must be found in the granny subsection already, no?

Explanation

New Pamela Anderson Vid.

32.8k

and diff is dropping 9-10%. steady as she goes.

Explanation

https://twitter.com/danheld/status/1413150899896160267?s=21


https://twitter.com/cz_binance/status/1413159625277403142?s=21

@DocumentingBTC
Unless you’re getting a 12% raise every year, you’re not even keeping up with the cost of inflation. #Bitcoin  fixes this.
https://twitter.com/documentingbtc/status/1413191899922542597?s=21

I guess it's like growing pot indoors. The authorities usually look for areas that have high electricity usage and target those for possible inspections, particularly if the bills are not being paid (stealing electricity is usually a bad idea, both for pot growers and bitcoin miners).

Leverage is also almost always a bad idea. I guess it also depends on the miners, if others shut off their equipment, you'd want to keep yours on so you make the most of the lower difficulty.

Miners will indeed always act in their own self interest, whether that's staying within the bounds of whatever law there is in their jurisdiction, or making sure they are profitable, both long term and short. I think most of them need to make money on an ongoing basis, and also to recover their capital investments in hardware / space.

I don't really know if it's not legal or whatever in China, but where ever you are, if something is not legal, you try your best to hide it, or relocate where it is legal. Also usually where it's cheaper.

Thought I'd lighten up the thread a little and post about something we can all agree on....

Maybe I was overreacting a lil bit and my last paragraph was meant to express just that and put my rant into some context and was also an obviously unsuccessful attempt at not burning all bridges behind.

But let me ask if I did misunderstand that you compared not getting vaccinated with not washing your hands after you poop and therefor implying it's question of intelligence or evolutionary retardedness to vaccinate or not?
(I am seriously asking this, because a lot of nuances of the english language get lost on me on times, sometimes it is difficult not being able to discuss complex matters in your non-native language, that's not an excuse but an attempt for an explanation if I got you so wrong).

If I misinterpreted you, then I am honestly very sorry and would like to apologize and promise I will try to learn from it. I do look like an idiot for yelling at an innocent bystander and that's ok and deserved. Sincerest apologies in this case.

If that's indeed what you meant, then I think I'll fully stick to my statement I made and I strongly believe you said exactly the bullshit I attribute to you. And I am fine with my insecurities if the alternative is to be the know-it-all type of person.

I'll stop derailing this very fine thread now, sorry to everybody else for bringing bad vibes here. I actually enjoy my time here generally a lot.

Explanation

Hashrate rose to chase the run up in price by the whale traders using 100X leverage.

At ~$60K they were still profitable, but then the sudden crash to ~$30K and they weren't anymore. Exit the China 100X leverage momentum trade.

So hashrate had to fall in order for mining to become profitable again. It's going to be roughly the same for both large scale and smaller miners.


O rly? According to whom? Who told you that, the MSM? Lol  

If miners are making profit, why will they turn off their equipment? If someone else turns off theirs, others will keep their own turned on, if possible.

The miners turned their equipment off to reduce the risk to them of their hardware getting confiscated or getting discovered. One does not "lower" the difficulty all by themselves.

But then, I never had warehouses full of equipment, the most I had before was what I could fit in a small room, so about a dozen small mining rigs or less. I turned mine off because I was paying more in electricity than I was mining, but then I lived in a country where electricity is not cheap.

While you entertain yourselves with Covid nonsense, I keep my eye on the price: https://www.zerohedge.com/geopolitical/currency-wars-world-verge-epochal-monetray-revolution?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29