Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 5396. (Read 26622811 times)

I would like to thank everybody for all your tips and advise, I will return with more questions I'm sure.

Shit coins every where...!!!

Yeah, I know a lot of people that are talking about getting one now. I think they are where computers were 20 years ago, just getting cheap enough and useful enough for ordinary people to start using them.

I surely do not claim to be very knowledgeable about any of the details - especially regarding who is who in the mining industry, whether we are talking about North American miners or outside of North American - even though at least the names of miners, mining pools have come up through thte years, and also in recent times, we have some interest in which mining pools are signaling taproot.

I think that part of my main point of my earlier post in sending an attachment to the Saylor tweet is because initially I had seen various posts about Musk being a liar and surely there is already a decent amount of wiffle waffling tweets to catch Musk in a multitude of lies, so it is difficult to be sympathetic for anything that Musk says.. but I had not seen any information to back up what Musk had said about the supposed meeting until I saw the Saylor tweet.

I do get some sense that Saylor tends to be much more grown up than Elon and also has built quite a bit of credibility in the bitcoin space in the past 10 months or so.. as compared to Elon dicking around in a variety of ways.. whether self-serving, distractions or attacks upon bitcoin.



I doubt that you were mining for a medal.. but I suppose that there are all kinds of reasons that miners might mine or engage in certain kinds of behaviors besides merely the profit motivations.. Surely some miners are more geographically flexible than others, and surely some miners who are NOT geographically flexible will be limited in considering what kinds of energy sources might be in their area  and then decide if that might be profitable for them to mine within the parameters of their energy source options.



Well, sure there are both free market motivations and also motivations that exist within bitcoin too.. so I suppose that if the BTC price stays low for a long time, there will be more motivations to cut energy costs - yet at the same time, if there is a large bitcoin mining surplus, the cutting of energy costs might not be as central of a short term motivator - even though more profits could be made from cutting energy costs, there are also likely circumstances in which the focus might not be as much upon cutting energy costs but instead producing a lot of hash power in order to increase the likelihood of mining blocks... so the balance is likely NOT always merely about either cutting energy costs or even concerns about from where the energy might come.

Personally, I would not go so far as to suggest that meetings have no effect or that a lot of public attention could have affects too.. whether meetings or public attention causes actual substantive focusing on getting more green, or going through the motions or attempts to seek government subsidies can be variations regarding how meetings could change focuses of individual miners or pools.



That's the way of the world and spin, no?

Spin and nonsense can both move markets and it can also change investment decisions, so there could be short term impacts, yet not really sure if king daddy gives too many shits in the long run - and even theories will differ about whether sometimes seemingly BIG events like the MTGOX crash or the Bitfinex hack or the China bans bitcoin or even the Musk energy scandal or even a combination of these has any effects on longer term BTC price movements in terms of changing the trajectory or delaying the bull run or if the trajectory is largely unchanged because if there were not one reason for a dump another reason would have come. .and sure on the margins there could be some changes, but in the long term trajectory it is sometimes difficult to measure - some people get scared into or out of positions based on such short-term dynamics too.

Personally, I believe that so many of these things do matter in various small kinds of ways, and I believe that my already existing systems of buying on the way down and selling on the way up attempt to take advantage of seemingly inevitable increased volatility created by such various events and information-spreading talking points of the day (call them FUD, call them FOMO or call them something else), and maybe every once in a while I might tweak what I was going to do on the margins here and there, but most of the time, I do not want to tweak very much, because many times these kinds of happenings end up appearing like blips on the radar when we look back at them. 

I would think that miners engage in similar thoughts in terms of whether to change their operations or to consider changing operations (buying or selling equipment), and of course, a miner is way more tied down and has more considerations than a mere simple joe blow like my lil selfie who merely considers buying and selling and which exchanges or direct trades to patronize, and maybe if I will run a node or maybe if I will change wallets to include lightning features, maybe I will talk to other peeps about bitcoin and what should I say, and silly lil things like that in which I even sometimes have technical difficulties in trying to figure out if I want to incorporate more technical changes in my life or how I might talk to other peeps who I come across in my life (if at all) about bitcoin or various happenings in the space including hearing their spin (usually wrong) about what is going on in bitcoinlandia (versus some shitcoin they have heard about as potentially important in the current events arena). 

Explanation

Good morning WO OG! Yesterday's 30%+ pump came just in time to relax the nerves of many peeps worried about the continuation of this bull run. For further relaxation, I recommend this old news breaking story of a 50-year-old millionaire, (which hopefully will be soon mine too):



https://www.ladbible.com/news/news-millionaire-outrages-people-by-slapping-models-bums-on-private-yacht-20190810?source=facebook

Explanation

I'm genuinely amazed that some "leading" miners no one's heard of before are going along with this wall street bro charade. I've been mining with hydro power since like 2015, where's my fucking medal LOL. But the reality always was that mining is going to happen where power is cheap. Which means renewables where renewables are cheap and I don't think any tweets about meetings will change that.

Note that they're are not even saying they'll change anything: "decided to establish an organization to standardize energy reporting, pursue industry ESG goals, & educate+grow the marketplace", which sounds like some top-notch corporate bullshit to please some possibly squirming fund managers who may have thought about dumping MSTR stock.

Explanation

I have recently just got into 3D printing myself (funny how that happens hey)
Picked up an ender 3 V2 and really enjoying the experience.
I am now about to embark on building my own from scratch based on the Hypercube Evolution.
BTW I use CURA for slicing.
Seems to do a very reasonable job and I also play around with tinkercad and have had pretty good results so far.
Struggling a little with PETG printing though but PLA is is a breeze.

I fixed the content of the above tweet for you.  I understand that there are no guarantees, yet probably we could take a bit of a risk and assert/proclaim that a guy with a minimum of a 6 year investment timeline into BTC has pretty damned decent chances of at least returning 1.5x.. at a minimum, and even in 6 years it is possible to go to 150x.... I do believe that we are better off to be making our predictions in 4 year increments and maybe accounting for the location of our current cycle we might add another year and a half onto the cycle.. so there might be one set of predictions that are for 5.5 years and another more bullish set of predictions for 9.5 years from now. 

So even the 5.5 year time frame might allow for 1.5x to 150x, but the 9.5 year time-frame would ramp up the numbers a bit to between 5x and 600x.. think about 600x?  that would be the high side and it would be $22.8 million dollar bitcoin, which surely does seem to be on the outer upper end of what could end up playing out.. and sure 5x would be bearish for that timeframe, but still seems somewhat realistic and even better than the up and down guarantees (close to guarantees) that could be reasonably made with any other investment.

To get a present value calculation the investment should include considerations of both the most bullish and the most bearish of scenarios that would then give a value a range with probably some bell curve characteristics that allow for more likely chances of landing somewhere in the middle.  In assigning a present value on either a 5.5 year timeline or a 9.5 year timeline to bitcoin, there might need to be some attempt at including the going to zero possibility and or the considerably losing value scenarios, and I am NOT completely going to negate the existence of either the going to zero scenario or the considerably losing value scenarios, but such non-appreciation of value scenarios, in the case of bitcoin are becoming less and less likely with the passage of time and really would end up contributing very small value to the overall perspective of bringing down the extensiveness of the upside scenarios rather than actually having the lower end including in a present value range that would likely stay positive with 1.5x being the low end of a 5.5 year time frame and 5x being the lower end of a 9.5 year timeframe, and I don't know where you can get such bullish numbers from any other investment.. especially since so many have dollar corruption aspects within their ongoing artificial inflation, too.


I think that we no longer need to be skeptical of the truth of Elon having had participated in some kind of discussions with some miners in very recent times, yet for me it is very interesting that Elon pretty much was able to get his ass saved by Saylor.

https://twitter.com/michael_saylor/status/1396915801492439044

The tweet:
>>>>
"Michael Saylor
@michael_saylor

Yesterday I was pleased to host a meeting between @elonmusk & the leading Bitcoin miners in North America.  The miners have agreed to form the Bitcoin Mining Council to promote energy usage transparency & accelerate sustainability initiatives worldwide."

<<<<<<<<<<<<


I am not 100% surprised that rich fucktwats can get their asses saved over and over again, even though sometimes narcissistic attention whore fucks like Elon will still tend to both burn bridges and ongoingly engage in outrageous attention whoring behaviors because guys like that have a kind of disease, but maybe at least some of us have seen him show his true colors with the latest opportunistic bullshit that he attempted to play in his favor and likely had it explode a wee bit in his face.

Slicing is when the computer chops up the object you want to print into many thin layers. That's what the printer needs to print. This s/w comes free with the printer, it is the link between your STL file and the printer and you can't print without it.

Autodesk Inventor is expensive, yes! Fortunately for me, my employer pays for it. You can use Tinkercad for free, as cAPSLOCK has suggested. It's nice and easy, but obviously nowhere near the capabilities of Inventor.

With 3D printing you must have patience and not quit when things go wrong, because they will. Got to keep trying until you learn the tricks and gain experience. I don't have experience with resin-based 3D printers, I've heard very good words about the Elegoo Mars, so you should be alright with it.

You need to slice the 3D model into layers and convert it to printer commands before you can actually print it. Slicing software also adds supports for overhangs, sets infill type, etc.

 

Explanation

I need to learn some terminology, what's slicing?

Holy moly 2900 bucks A YEAR for autodesk.

Thanks for your input, If I want to level up in the future I'll look into the ultimaker.

ELON MUSK (sold) > Bullish Market Over (influence) = Selling Signal = You noobs < ELON MUSK (bought dip)

Checking tinkercad out, thanks.
What's Chitu Box?