Author

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 6143. (Read 26711016 times)

legendary
Activity: 1708
Merit: 3439
Man who stares at charts (and stars, too...)
So you think it's just trolling?

Yeah, I mean think about it: F2Pool is also an open pool, not a single mining entity, correct? If so they have to divide those coins among the various people. They don't pocket all of the coins made, that's the whole point of a mining pool (unless it's a serious scam). So while the pool may have mined a million coins that doesn't mean the owners of the pool have a single satoshi (well maybe pool fees, but a 1% fee would be 10k coins tops over that time period).

Unless they control 100% of the miners they mine on that pool they ain't got it all.

PS: FPool has a 4% mining feel. Why the fuck anyone would mine there is beyond me unless it's straight PPS and even that would suck.

You have some more knowledge on mining and pools than me, i guess.
As mining was already beyond my scope when i entered 2017, i didn't feel the need to teach myself more than the most commonly known basics.
It's an open question where the guy got his proposed 1M corn from, along other open questions resulting from his statements.

We'll see answers to these questions, at least i hope so.
hero member
Activity: 547
Merit: 531
First bits: 12good
Wake me up at $50k  Cheesy Cheesy Cheesy

Decided I'm not making a principled sell @ $50k USD/BTC. Going to wait until we actually decide to start building on the land, at which point, BTC should be way higher than $50k USD/BTC.

In theory, anyway.

Same here, cancelling the $50k sell orders, moving over to ~$75k. Sorry guys, you're late! You didn't try hard enough to grab my coins!  Wink

Exactly "grab your coins"!!! If you've been long enough around here you should know that everything else you can have, but bitcoin is limited, ask Musk he knows best.
I guess when Tesla can be bought with bitcoin he will just accomulate.
legendary
Activity: 3990
Merit: 4597
Wake me up at $50k  Cheesy Cheesy Cheesy

Decided I'm not making a principled sell @ $50k USD/BTC. Going to wait until we actually decide to start building on the land, at which point, BTC should be way higher than $50k USD/BTC.

In theory, anyway.

Bob's and Rick's Citadel & ranch...year 2040ish
https://wallhaven.cc/w/4yeymk
legendary
Activity: 2478
Merit: 1220
Privacy Servers. Since 2009.
Wake me up at $50k  Cheesy Cheesy Cheesy

Decided I'm not making a principled sell @ $50k USD/BTC. Going to wait until we actually decide to start building on the land, at which point, BTC should be way higher than $50k USD/BTC.

In theory, anyway.

Same here, cancelling the $50k sell orders, moving over to ~$75k. Sorry guys, you're late! You didn't try hard enough to grab my coins!  Wink
legendary
Activity: 3220
Merit: 2334
I fix broken miners. And make holes in teeth :-)
I've been hoping and dreaming of BTC becoming a real weapon against banks, governments and corporations, since the first day I've heard about crypto, even before I could afford to invest.

However, lately I was losing hope since all these corps weren't using BTC as an alternative form of money but simply as a vehicle to make more dollars.

Today is actually the very first time I'm starting to believe my hopes could come true. I'd honestly never have thought Elon Musk would be the catalyst, but so be it. Cool

Once the pump euphoria was gone this afternoon, I felt like I was walking around in a dream, still am. I haven't felt like this in a very long time, maybe ever.

Damn.
Isn't it nice that F2Pool can't create one more satoshi than their mining power allows based on the laws of thermodynamics?

Isn't it nice that Elon Musk cannot bribe someone to create one bitpenny out of thin air?

Isn't it nice that a bank, govt entity, or whatever cannot steal one of your bitcoins without your consent
(yes, they can torture you but that's a different problem)

This is oddly enough... nice. Imagine what happens when Tesla pays Nvidia in bitcoins for their latest shipment of chips and Nvidia pays their emploiyees in a coin they can use to buy Teslas.

It's what I always wanted when I first set up my stupid little shingle shop all those years ago.

It's um... happening.
legendary
Activity: 2996
Merit: 1136
Leading Crypto Sports Betting & Casino Platform
Code:
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Looking very impressive and stronger than before. 50K is reasonable..

legendary
Activity: 2478
Merit: 1220
Privacy Servers. Since 2009.
Bitstamp ATH! ($44,916.99)

No one cares... Corn ded?

Down a bit but still strong upwards pressure... $50k today?  Cool
legendary
Activity: 2590
Merit: 4839
Addicted to HoDLing!
Bitstamp ATH! ($44,916.99)

No one cares... Corn ded?
legendary
Activity: 1582
Merit: 1059
nutildah-III / NFT2021-04-01
I've been hoping and dreaming of BTC becoming a real weapon against banks, governments and corporations, since the first day I've heard about crypto, even before I could afford to invest.

However, lately I was losing hope since all these corps weren't using BTC as an alternative form of money but simply as a vehicle to make more dollars.

Today is actually the very first time I'm starting to believe my hopes could come true. I'd honestly never have thought Elon Musk would be the catalyst, but so be it. Cool

Once the pump euphoria was gone this afternoon, I felt like I was walking around in a dream, still am. I haven't felt like this in a very long time, maybe ever.

Damn.
legendary
Activity: 3920
Merit: 2349
Eadem mutata resurgo
So how soon until Amazon (Bezos) counters Musk and adds and/or buys bitcoin ? I heard Bezos is a bit of a copy cat Smiley

... it won't be just Bezos; Amazon, Alphabet(google), Apple and Microsoft at least have to counter now, the bloody, fresh kill has been thrown into the biggest shark tank on the planet

... "...digital assets are currently considered indefinite-lived intangible assets under applicable accounting rules, meaning that any decrease in their fair values below our carrying values for such assets at any time subsequent to their acquisition will require us to recognize impairment charges, whereas we may make no upward revisions for any market price increases until a sale, which may adversely affect our operating results in any period in which such impairment occurs...."

read those words carefully, every CFO now has a legal competitive advantage incentive to hodl btc on the balance sheet, unless and until btc is no longer an unregulated, highly volatile, decentralised asset that may disappear overnight or becomes subject to GAAP rules ...
legendary
Activity: 1869
Merit: 5781
Neighborhood Shenanigans Dispenser
Wake me up at $50k  Cheesy Cheesy Cheesy

Decided I'm not making a principled sell @ $50k USD/BTC. Going to wait until we actually decide to start building on the land, at which point, BTC should be way higher than $50k USD/BTC.

In theory, anyway.
legendary
Activity: 3220
Merit: 2334
I fix broken miners. And make holes in teeth :-)
So you think it's just trolling?

Yeah, I mean think about it: F2Pool is also an open pool, not a single mining entity, correct? If so they have to divide those coins among the various people. They don't pocket all of the coins made, that's the whole point of a mining pool (unless it's a serious scam). So while the pool may have mined a million coins that doesn't mean the owners of the pool have a single satoshi (well maybe pool fees, but a 1% fee would be 10k coins tops over that time period).

Unless they control 100% of the miners they mine on that pool they ain't got it all.

PS: FPool has a 4% mining feel. Why the fuck anyone would mine there is beyond me unless it's straight PPS and even that would suck.
legendary
Activity: 1708
Merit: 3439
Man who stares at charts (and stars, too...)
$45k incoming... nobody gives a damn...  Grin

Yawn
Wake me up at $50k  Cheesy Cheesy Cheesy
legendary
Activity: 1464
Merit: 1136
for those of you hoping sars-cov2 is going to go away there is some possible bad news ahead. Vaccines might be only 10% effective against the new strains, that seem to 'evolve' on a timeline curiously just out of reach for vaccine development

it is possible the new vaccine variant rollouts every 9 months will make big pharma stupendous profits for 5-10 years at least, ( they found over 2k bat coronaviruses in the cave in Yunnan for future reference, and can dial in any old spike protein you like in the Wuhan lab of virology, and who really knows what Mother nature will throw up when you open that Pandora's Box and let it run wild in humanity for a decade??)

and in case the plagues are not depressing enough for you here's something to sober you up properly.

the historical schedule with a progression of plagues, civil unrest, political extremism, monetary upheaval, currency wars, trade wars and finally hot war has escalated to the product hoarding and blockade stage (china has now raided the grain markets and ceased semi-conductor exports).... hot wars are a very real possibility in the near future " when goods stop crossing borders armies start crossing borders"

And remember, a patient cured is a customer lost. ~big pharma
Quick!
legendary
Activity: 2478
Merit: 1220
Privacy Servers. Since 2009.
$45k incoming... nobody gives a damn...  Grin
legendary
Activity: 2856
Merit: 1520
Bitcoin Legal Tender Countries: 2 of 206
1 BTC ≈ 24 oz Gold

legendary
Activity: 1708
Merit: 3439
Man who stares at charts (and stars, too...)
Some news and data on f2pool dumping and how the market manipulation could go on forever:

https://www.youtube.com/watch?v=4BCGruDFPyU

Only BTC900 are mined daily, he's showing f2pool's mining market share is 16.4%, that puts them at BTC147.6/day. Moving BTC40k in one day means they're moving 271days worth of their mining. Now explain the maths on how it could go on forever? Not even going into how moving coins != selling

Easy. They have (according to their co-founder as named in the video) 1mil BTC reserve. They can use this to dump at higher prices (on pumps, sells set at certain level) and buy back at lower prices through short futures/options (resulting in more bitcoin in their wallets). Rinse and repeat. As explained in the video (and the preceding one on that topic from the same content creator).
 

Again, at BTC147.6/day they'd need 18.5years to accumulate BTC1MM Roll Eyes without selling a single satoshi to fund their operations. Even if we pretend that they have a time machine, eyeballing the charts looks like they already transferred out about BTC90k so even then they could only do it 11more times before they're bone dry and can only supply BTC147/day for next 3 yrs after which it'll become BTC73.5/day then in 4 yrs after that just BTC36.75/day ... it's maths

Dude talked about reserves, not supply. As supply was higher before past halvenings, and you consider f2pool could have pulled off some accumulation games in the past as well, then they would really have be able to hold 1M BTC in reserve. At the current price, a little part of such reserve would pay their current mining operations easily, and as we know f2pool was amongst the top expanding mining companies. So they must have had a financial edge, or they would have went broke already, from my understanding.

Edited my post. They're a pool so they also pay out their miners, as far as possibility they could have BTC1MM BTC910k just as i could be stricken be the lightning right now, the chances of that happening are minimal though.

Fair point. We need more data and correlate out of it what's likely going on.
Side note on minimal chances:
As a former regular poker player, probability has probably taught me one of the biggest lessons in life  Wink
When you get beat by a hand with >90% chance of losing after the flop, for example.



This is a great vid, thx! Smiley

IIRC, (l33t) underdog pointed me to the first one, of which this is a follow-up.
legendary
Activity: 2478
Merit: 1220
Privacy Servers. Since 2009.
See? I knew Elon would deliver.

Once more, the patient are rewarded.

Where TF is mindrust?

Dropping his voodoo on Monero. Lol

We need the latest data on the mindrust indicator... LFC_Bitcoin?  Cool

P.S. But I reckon the value of his liquidated stash is approaching half a million?  Grin
legendary
Activity: 3836
Merit: 4969
Doomed to see the future and unable to prevent it
See? I knew Elon would deliver.

Once more, the patient are rewarded.

Where TF is mindrust?

Dropping his voodoo on Monero. Lol
legendary
Activity: 2833
Merit: 1851
In order to dump coins one must have coins
Some news and data on f2pool dumping and how the market manipulation could go on forever:

https://www.youtube.com/watch?v=4BCGruDFPyU

Only BTC900 are mined daily, he's showing f2pool's mining market share is 16.4%, that puts them at BTC147.6/day. Moving BTC40k in one day means they're moving 271days worth of their mining. Now explain the maths on how it could go on forever? Not even going into how moving coins != selling

Easy. They have (according to their co-founder as named in the video) 1mil BTC reserve. They can use this to dump at higher prices (on pumps, sells set at certain level) and buy back at lower prices through short futures/options (resulting in more bitcoin in their wallets). Rinse and repeat. As explained in the video (and the preceding one on that topic from the same content creator).
 

Again, at BTC147.6/day they'd need 18.5years to accumulate BTC1MM Roll Eyes without selling a single satoshi to fund their operations. Even if we pretend that they have a time machine, eyeballing the charts looks like they already transferred out about BTC90k so even then they could only do it 11more times before they're bone dry and can only supply BTC147/day for next 3 yrs after which it'll become BTC73.5/day then in 4 yrs after that just BTC36.75/day ... it's maths

Dude talked about reserves, not supply. As supply was higher before past halvenings, and you consider f2pool could have pulled off some accumulation games in the past as well, then they would really have be able to hold 1M BTC in reserve. At the current price, a little part of such reserve would pay their current mining operations easily, and as we know f2pool was amongst the top expanding mining companies. So they must have had a financial edge, or they would have went broke already, from my understanding.

Edited my post. They're a pool so they also pay out their miners, as far as possibility they could have BTC1MM BTC910k just as i could be stricken be the lightning right now, the chances of that happening are minimal though.
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