Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 637. (Read 26731838 times)

Theoretically possible, but highly unlikely. It's not a global on/off switch. If miners start shutting down, the difficulty will drop, giving more incentive for smaller miners to start mining, thus resuming the 1 block / 10 min target. It's a self-regulating closed loop. Can't speed it up, can't slow it down. It's been beating steadily for 15 years now.

I guess ignorance really is a bliss.
My outlook was that the wait was a warm up before a shoot.
Fortunately this ain't the only cycle, there are more to come and we just hope for good health and long Life to enjoy them.
I'm still optimistic never the less
The frequency of my DCA has increased now because I don't want to be asked by my kids in the future "Daddy where were you when others were buying Bitcoin "
Don't wanna increase my numbers of regrets.

I figure 200k or bust in the next 8-9 months

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and if all mining of btc stops btc becomes frozen in the address it is in. unable to move digital across nations.

[...]

I have been to both. They both can kill quite easy peasy. I prefer the sea.

Nothing is cooler then laying on you back on a dark moonless night and staring at the sky so many freaking stars.
You then get up and walk to the rail and the freaking stars are right down to the horizon.
Those were really great things to have seen.  Not so much a ton of stars but that they go right to the horizon all around the ship.
Also watching dolphins glow in the water and play chase at the bow of the ship for hours at a time.

All of the above are some upsides of the US Navy.

My ship which I lived on from 1978 to 1981

https://en.wikipedia.org/wiki/USS_Dixie_(AD-14)

What is that supposed to mean?

Personally, I am kind of looking forward to getting the BTC price back into the top 100 weight-traded average days (including the table that some of us are continuing to monitor), but we still have another $5k or so to get back to a weight traded average of $64.5k-ish.

Frequently we cannot really work ourselves up in regards to how long it might take to get back into the top 100 weight-traded, and I am not really too overly concerned that it is going to take a long time, yet at the same time, it does not hurt to be prepared for a variety of scenarios that includes taking longer than expected (or preferred).  We are still pushing the 200-WMA around $34-ish per day.


Fair enough point about some potential for the incentives to want to push BTC prices above the cost of production, even though hashrate does not really dictate BTC prices (which seems to be a point that our buddy Phillipma1957 and a few others like to unconvincingly make from time to time), and also even though I was not able to find that chart:  https://capriole.com/charts/.. which I should not have to try to verify from where ever it might have had originated. .


That is also a fair point.. None of us should be too overly concerned about buddy streaking, so long as s/he/it is streaking UPpity rather than some other less exciting direction. .not that I am acknowledging buddy to be "sexy" in any kind of a commital way.


Hey good point Loyce.

I was kind of thinking some kind of a thingie-ma-jiggie like that my lil selfie, but I was a wee bit fraidy kitty cat to speak up, you know shy in a kind of broken record kind of a way.. it happens sometimes, even to blabber-mouths, not that I fit within those kind of descriptors  the best of us   [I ask myself: "Self?  should I try to be a wee bit moar humble?"].

big snip

The sea is cool if not going too deep Never been to the mountains, but it seems more scary for me.

The little green trees of the devil do not count!
https://vimeo.com/378976033

Even I am getting more pessimistic about the upside potential for dee cornz for this cycle..

I guess our spending so much time in this no man's land and/or in don't wake me up zone (which seems a bit out of character for dee cornz), has contributed to some jadedness in my own thinking, even though being stuck in this particular price zone should not even be that negative of a sign or happening.. bouncing around at mostly the top of the range.. .... but still.. sometimes these kinds of periods can have a kind of wearing effect, even if some of us might still remain relatively optimistic.. it is not like I am selling an cornz.. ,,, and tending to buy more than I sell in the whole scheme of things.. . but still..

The sea is still a no go for me.
It makes me feel small in the grand scheme of things
Mountains do same, atleast it's fun to hike in group as long as none of you are too daring.

Its easy to get pessimistic with the current market. But the longer bitcoin remains boring, going sideways (quite normal for this time of the year) - I get the feeling that when the market turns, we wont be ready. It will explode. This thread will become active again. People will come whining they missed the train (they did not).
But for now, I could sleep until Q4..