Author

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 5959. (Read 26713928 times)

legendary
Activity: 2674
Merit: 2373
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
Does it mean we see it today? nope.
Does it mean we see it tomorrow? nope.
Does it mean if you are storing billions in gold you should shift some to BTC? maybe.

Indeed. The value of gold is largely supported by speculation and those who want a hedge. As soon as any concrete measure in the direction of asteroid mining occurred, the price would surely drop like a rock.
legendary
Activity: 4354
Merit: 3614
what is this "brake pedal" you speak of?
There is another way to get you to geostat in 30min without using rocket fuel but it's pretty insane but doable.
Anyone from NASA can DM me  Wink

shot outta a cannon ala Jules Vern's From the Earth to the Moon?

obviously you can tell im not NASA lol
legendary
Activity: 1652
Merit: 1265
You need a counterweight to stop it all coming down to earth  Roll Eyes

yup, geosync orbit is the midpoint of the elevator. well, more or less. as you say it needs a counterweight further out so it doesnt need to be the actual midpoint. one can go with no real dedicated counterweight, just make the cable twice as long and use the mass of the cable itself thats past geosync as the counterweight.

i believe you can sling stuff off the far end too if its just cable past the geosync point. iirc.

but you know this of course, this is for those who havent looked into it.

didnt Arthur C. Clarke 1st came up with the space elevator concept?. Fountains of Paradise.

Exactly space elevators are a great concept but not possible with the current materials.

There is another way to get you to geostat in 30min without using rocket fuel but it's pretty insane but doable.
Anyone from NASA can DM me  Wink
legendary
Activity: 3766
Merit: 5146
Note the unconventional cAPITALIZATION!
OT: Time to rant again.

How the fuck do we not have a U.S.-based Bitcoin ETF yet, but dogshit ETFs like this exist?

https://www.cnbc.com/2021/03/04/buzz-etf-tracking-social-media-sentiment-launches-thursday-amid-reddit-manias-in-stocks.html

Buzz ETF? Momo (FOMO) ETF? Un-fkn-believable!  Angry

Because the powers that be are a combination of clueless (this one is decreasing) and afraid (this one is increasing).
legendary
Activity: 2828
Merit: 1497
Join the world-leading crypto sportsbook NOW!


Seems like a different life sometimes.
That is a nice photo of symbolism to a video I was just going to watch as I hadn't have time to in the last week since I found it on youtube shuffle. Grin
Bitcoin price keeps some people infront of their monitors watching the action take place but just like that, you got to keep active because you know idle hands is the devils workbench.
Or something like that. Cheesy
I'll post the link to the video over the weekend and use that pic you posted back in 2013 to mark it as a must see. Smiley
Posted up the video with link to this thread:
https://bitcointalksearch.org/topic/end-of-the-road-how-money-became-worthless-film-which-everybody-has-to-watch-5321650

Youtube had temporarily removed it about a month ago due to it crossing one of their conditions restrictions but then put it back up.
Some one was saying in the youtube comment section there was another film just like this one available on bitchute called:
"The greatest story ever told!"
I know what I will be doing this weekend for an hour or two. Grin
legendary
Activity: 3794
Merit: 5474
OT: Time to rant again.

How the fuck do we not have a U.S.-based Bitcoin ETF yet, but dogshit ETFs like this exist?

https://www.cnbc.com/2021/03/04/buzz-etf-tracking-social-media-sentiment-launches-thursday-amid-reddit-manias-in-stocks.html

Buzz ETF? Momo (FOMO) ETF? Un-fkn-believable!  Angry
legendary
Activity: 4242
Merit: 5039
You're never too old to think young.
Good morning Bitcoinland.

The battle for $50k continues... currently $49255USD/$62248CAD (Bitcoinaverage).

Bouncy bouncy. Coiling.

Sometimes sideways is good.
legendary
Activity: 3416
Merit: 1912
The Concierge of Crypto
I'm with the other guy who thinks we should be grounded in reality for now. Space elevators are fun and all, but we could still cover a lot of surface area on the planet, maybe even in the oceans, for plenty of solar panels / arrays to power the world (or a bitcoin miner.)

I found this before: https://landartgenerator.org/blagi/archives/127



So it's not updated, but you can line up a whole bunch of solar panels near the equator and not much is needed to power the world (not including bitcoin miners) ...

That article also discusses wind power and hydroelectric power.


Edit: here is another one just for bitcoin.

https://landartgenerator.org/blagi/archives/5697

legendary
Activity: 1526
Merit: 2617
Far, Far, Far Right Thug
Fresh 'scientific' FUD:

https://www.sciencedirect.com/science/article/abs/pii/S2214629619302701

Quote
Results indicate that in 2018, each $1 of Bitcoin value created was responsible for $0.49 in health and climate damages in the US and $0.37 in China.

Further, with each cryptocurrency, the rising electricity requirements to produce a single coin can lead to an almost inevitable cliff of negative net social benefits, absent perpetual price increases. For example, in December 2018, our results illustrate a case (for Bitcoin) where the health and climate change “cryptodamages” roughly match each $1 of coin value created.

 Roll Eyes

We should obviously get back to more ethical and less energy demanding storages of wealth such as digging up thousands of tonnes of soil to get a few micrograms of gold or sending little African children into the mines to get it for us.
legendary
Activity: 2674
Merit: 2373
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
I'm fine with investing more, like 2x or 3x.

But some of the pie-in-the-sky ideas I hear here require spending 100x or 1000x more. Is it possible?

Even worse, some daydreamers don't even think about the costs. Or even laws of physics.

They think the 'magic of technology' plus 'magic of positive thinking" can solve absolutely everything. And soon.


One issue is that space has been not only politically unpopular for spending money on (something I nominally agree with as a libertarian) but also heavily controlled and regulated by the government for private companies (something that I don't agree with). The latter has somewhat been relaxed recently but not by much. We went to the moon for political reasons which meant we used technology that wasn't ready then dropped it when those political reasons were no longer present. If it had been for financial reasons, we'd have waited a few years for better tech and probably have moon bases by now or maybe not. Satellites have been financially viable and now there are 2,666 operational satellites of which 1,646 are commercial (data from April 2020).
legendary
Activity: 2833
Merit: 1851
In order to dump coins one must have coins
Good Morning WOvians ... So we had a huge dump from our friend the fuck2pool again this night to get the price down under 50k ... luckly we closed yesterday over 50k. We had a nice breakout to the upper side of the bull-flag ... and it seems to be goingupwarts until a bigger dump cam up. My suggestion is again a couple of thousands corns were dumped from fuck2pool ...

Where do you get the data for f2pool?

Also, don't be too worried, the market will eat up all their coins. In addition, I think they are a chinese pool right? this means if they say they have a million coins they actually have no more than 100k. The chinese are so full of shit, they big note themselves at every moment. It's for 'face' everything is about face for these tossers.

CryptosRus makes several videos about this. They aree the only once how has and bitcoin outflow since december. And maybe it'S because they have mining farms in regions, where they forbidd mining in the future. Nobody knows, why they doing it, but they doing it. Nevertheless the number of coins they are moving ... Add several thousend to the market and the price is suffering. The same, add fiat money to the market and the price will go up.

Cryptoquant is one source. You can see the daily outflow for free. The hourly outflow you have to pay for it.

https://cryptoquant.com/overview/full/227?window=day

To be clear. We can trade millions of coins between us, there is not much price movement. You have to put in fresh (fiat) money, than the price goes up or you put "fresh" coins to the market and the price is going down.
In the long run they will loose and their coins will be eaten up. But they can cause movement around some key points and invalid outbreak on patterns for example or put us under a psychological barrier ... So don'T underestmated the force of 8400 addtional coins on the market... Yesterday, for example.

You are right, if we have a massive buyer market, then they coins will be eaten up very fast!

Thanks for the link.

Yeah, long term is the way. I'm not going to deny that the short term movements from these sort of things don't suck, but long term its upward with f2pool sliding into irrelevancy.


Btw. 8400 Coins sems small when you see the movment on the market. But these are 420.000.000$ .. these are 42% of what michael put in fiat on the market. So 400 M$ has an impact in both ends. In fiat also in coins ...

willy woo says that glassnode data that checks the pool sales on exchanges does not at all hint any big f2pool sell.

So if they're tracing the outflows of f2pool, why can't they show remaining balance? This is bitcoin we're talking here right?

Plus i doubt that it's them, shouldn't Gox be liquidating their coins to pay out  the claims that decided to be settled in cash soon?
legendary
Activity: 2145
Merit: 1660
We choose to go to the moon
Fresh 'scientific' FUD:

https://www.sciencedirect.com/science/article/abs/pii/S2214629619302701

Quote
Results indicate that in 2018, each $1 of Bitcoin value created was responsible for $0.49 in health and climate damages in the US and $0.37 in China.

Further, with each cryptocurrency, the rising electricity requirements to produce a single coin can lead to an almost inevitable cliff of negative net social benefits, absent perpetual price increases. For example, in December 2018, our results illustrate a case (for Bitcoin) where the health and climate change “cryptodamages” roughly match each $1 of coin value created.

 Roll Eyes
legendary
Activity: 1526
Merit: 2617
Far, Far, Far Right Thug
law of physics did not prevent us from visiting moon, sending probes beyond the solar system, exploring other planets and moons of our solar system. it is purely the lack of funding and lack of awareness that keeps us from building a lunar station, sending astronauts to mars, start building a generational space ship, start building lots of ISS alike stations in orbit.

Lack of funding? Because that stuff is super extremely expensive.

Why it's so expensive? Laws of physics.

I think we've seen from the latest couple of rounds of government expenditure that claiming space exploration as expensive is laughable. In the face of 2 trillion dollars of pork, 150 billion for the ISS looks like pocket change.

In 100 years 1 BTC probably buys you a Starship Enterprise whilst the FED are printing 10 trillion trillion trillion dollars.
If I could live that long I'd be on the holodeck with Jeri Ryan.

sr. member
Activity: 546
Merit: 290
and again ... shortly up to 50,6k ... now down again in very short time under 50k ... no manipulation at all ... pure market ...


BUT could been a long REKT ... But I would suggest a short REKT when the price gone up ...
legendary
Activity: 2674
Merit: 2373
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
law of physics did not prevent us from visiting moon, sending probes beyond the solar system, exploring other planets and moons of our solar system. it is purely the lack of funding and lack of awareness that keeps us from building a lunar station, sending astronauts to mars, start building a generational space ship, start building lots of ISS alike stations in orbit.

Lack of funding? Because that stuff is super extremely expensive.

Why it's so expensive? Laws of physics.

I think we've seen from the latest couple of rounds of government expenditure that claiming space exploration as expensive is laughable. In the face of 2 trillion dollars of pork, 150 billion for the ISS looks like pocket change.
legendary
Activity: 4354
Merit: 9201
'The right to privacy matters'
all fair. but i suspect that it this kind of reasoning that keeps us from achieving more.

Reality-based reasoning keeps us from achieving more? Come on.

i say "let us invest more" and you reply that investing more is more expensive.

I'm fine with investing more, like 2x or 3x.

But some of the pie-in-the-sky ideas I hear here require spending 100x or 1000x more. Is it possible?

Even worse, some daydreamers don't even think about the costs. Or even laws of physics.

They think the 'magic of technology' plus 'magic of positive thinking" can solve absolutely everything. And soon.


Nope hard work and persistance  solves a lot of problems.

The idea that gold becomes as common as coppers possible and would change the world we live in. Bigly.

Does it mean we see it today? nope.
Does it mean we see it tomorrow? nope.
Does it mean if you are storing billions in gold you should shift some to BTC? maybe.



Does it mean if you are storing billions in gold stop stacking your gold and start stacking BTC? I would say yes absolutely and at the least stack some of both.

My advice to all you rich ass motherfucking billionaires consider the above in bold and really think about it.
legendary
Activity: 2145
Merit: 1660
We choose to go to the moon
all fair. but i suspect that it this kind of reasoning that keeps us from achieving more.

Reality-based reasoning keeps us from achieving more? Come on.

i say "let us invest more" and you reply that investing more is more expensive.

I'm fine with investing more, like 2x or 3x.

But some of the pie-in-the-sky ideas I hear here require spending 100x or 1000x more. Is it possible?

Even worse, some daydreamers don't even think about the costs. Or even laws of physics.

They think the 'magic of technology' plus 'magic of positive thinking" can solve absolutely everything. And soon.
legendary
Activity: 4354
Merit: 3614
what is this "brake pedal" you speak of?
You need a counterweight to stop it all coming down to earth  Roll Eyes

yup, geosync orbit is the midpoint of the elevator. well, more or less. as you say it needs a counterweight further out so it doesnt need to be the actual midpoint. one can go with no real dedicated counterweight, just make the cable twice as long and use the mass of the cable itself thats past geosync as the counterweight.

i believe you can sling stuff off the far end too if its just cable past the geosync point. iirc.

but you know this of course, this is for those who havent looked into it.

didnt Arthur C. Clarke 1st came up with the space elevator concept?. Fountains of Paradise.
sr. member
Activity: 546
Merit: 290
When will it make 50k new support? It couldn't hold there more.

The Problem are the EMA Lines ... Someone put the price down there ... Now we fighting to get up those lines ... fucking game ...
legendary
Activity: 1652
Merit: 1265
Now, space elevators are another topic. We don't have the materials right now but fun stuff like if one collapsed, it would wrap around the world a couple of times (IIRC).

the circumference of earth is 24k miles. a space elevator woiuld need to be up probably 22k-26k miles. i guess it depends if this wrap would follow a circumference line or a smaller one. nice problem to think about. thx.

well not if youre in its path when it falls heh

as someone mentioned larry niven has written about them, both in essays and in his fiction. anything by him is good reading.

I actually calculated how to build a space elevator for fun but it boils down to the following.

Nanofibers aren’t strong enough to bridge the 32000km to geostationary orbit.
The weight of the fiber itself will snap it. Yes taking account the gravity but ignoring weather.
To do it you would need to go from thick(up in space, low grav) to thin(earth) to pull it off.

The smallest configuration with 1mm^2 coming down from space will take approx two full Falcon heavies (largest rocket) with spools of fiber into geostationary orbit. Glueing the fibers in space is hard. Generating the fibers in space might be better.

You need a counterweight to stop it all coming down to earth  Roll Eyes

You need anchor it on the equator.

Then you need to do above process a dozen to a few hundred times before you can send any payload or human into space.

Going to geostationary orbit at 100km/hr would take 320hrs so the trip would take 2 weeks going straight up Grin
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