Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 6430.

serveria.com

legendary

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Privacy Servers. Since 2009.

Quote from: Biodom on December 29, 2020, 03:51:01 PM

Quote from: serveria.com on December 29, 2020, 03:44:48 PM

Quote from: lightfoot on December 29, 2020, 03:26:26 PM

Quote from: OutOfMemory on December 29, 2020, 02:25:49 PM

Let's peek into complex system theory a bit.
One rule of (handling) complexity says: "Simple answers to complex questions, as well as simple solutions for complex problems, are generally wrong / going to fail".

Nuff said.

I have found Occam's razor a pretty effective tool to cut though "complex bullshit" problems. Your mileage may vary.

Regarding bitcoin people are talking doom here. Did it crash to like 800 again? (checks) No still stuck in the doldrums of 27,000.....

Exactly. Not sure why many think BTC in bull mode needs any significant corrections. Sideways? Maybe... Perhaps even "slow grow" kind of mode is possible (or +2k -1k sort of waves). Cool

It does not "need'' it, but bull markets with significant corrections last longer and grind higher.
So, it you want to achieve a higher price at the peak, then you "need" it.
Bitcoin does not care, of course.

Why can't we have a correction down to $60k (or to say $75k) from $100k? Would that be a significant correction? Hell yeah. But now, frankly I don't see a reason for a correction. No FUD, no overheating (we are not in the parabolic phase), no inflation so why should we go down now? Cool

Biodom

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Quote from: HairyMaclairy on December 29, 2020, 04:03:53 PM

Quote from: Biodom on December 29, 2020, 01:08:28 PM

Quote from: marcus_of_augustus on December 29, 2020, 01:03:53 PM

Quote from: Biodom on December 29, 2020, 12:50:54 PM

In memoriam...of something

https://www.trustnodes.com/2020/12/29/sec-sinks-xrp

Say what you want about that shitcoin, but the wanton destruction of monetary value (maybe wrongly attributed, I agree) is not something that I adore.
Honestly, if this would eventually cause SEC demise as a regulatory agency, so be it (see quotation).

Quote

XRP perhaps couldn’t withstand this injustice, but few can commend the way SEC went about enforcing it, even if they do agree.
Where coders are concerned, this is just another round they don’t even care about in a long running battle. The question is: will SEC be destroyed in the end?
You can not just wipe out tens of billions without courting hate, especially when the institution was already hated due to its investment prohibitions injustice inscribed in its very foundations.

The 'subtracted' value is obviously flowing mostly into bitcoin plus 2-3 s-coins (for now) .

I don't see how the ethereum pre-sale and issuance schedule makes it anything different than a security.

After ripple SEC will surely have ether in it's sights. Forever looking over their shoulders now.

Absolutely, especially since there is, apparently, no time frame limitations.
Another point to mention-i got a link to FTX from somewhere and there it was: USA is in an "interesting" group, together with N korea, iran, Crimea, etc.
Same for many other investment sites (Deribit comes to mind).
We are being cordoned off-all thanks to SEC and their malcontented Howey test, which should have been buried decades ago.
Add to that the concocted 'accredited investor' statute.
It's like you want darwinian evolution, but handicap some people in the race.

Fuck XRP and good riddance. And fuck Eth too for that matter.

Accredited investor schemes are there for a reason. And the reason is because Aunt Mabel can’t be trusted to get caught up in bumblefuck Ponzi schemes like Bitconnect. So she goes screaming off to her Senator for a resolution. And the resolution is that Aunt Mabel isn’t allowed to play with the big boys anymore.

There are plenty of accredited investors that do their dough all the time. But they aren’t supposed to whine about it.

If you have 40 BTC right now, you are an accredited investor. And that amount is falling all the time. By the end of this bull it might be 5 BTC or less.

why is it always about personalities? Not my problem, but it is a factor causing less meritocracy in finance/investment.
I posit that it is a significant long term problem.
You think that SEC is not btc problem? They (and some other lettered entities) can always made up some if prodded hard enough.

d_eddie

legendary

Activity: 2520

Merit: 3038

Quote from: infofront on December 29, 2020, 04:08:08 PM

Old poll results:

Please consider this as a future poll for a change from the usual numeric estimates.

Quote from: HairyMaclairy on December 27, 2020, 02:10:20 PM

My TA says we are running too hot right now. Currently we are at the March 2021 price and it’s only December so we are roughly three months ahead of schedule.

Likely scenarios are:

1. My TA is shit

2. We are aiming for a 2013 crash (although I would say we have not yet gone parabolic so this is a lower risk)

3. We will stagnate at this price for 3 months and everyone will get bored

4. This time it is different^TM and This Is Gentlemen please pick the colour of your helicopter (no black helicopters please)

5. We are going to have a mild dump heading into early January and then bounce.

Personally I’m going with option 5. Again I am not trading this - it’s not worth the risk.

Edit: If we make it to 15 January without a meaningful drop, options 2 & 4 become more prominent (never forgetting option 1).

infofront

legendary

Activity: 2660

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Shitcoin Minimalist

Old poll results:

OutOfMemory

legendary

Activity: 1708

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Man who stares at charts (and stars, too...)

Quote from: lightfoot on December 29, 2020, 03:26:26 PM

Quote from: OutOfMemory on December 29, 2020, 02:25:49 PM

Let's peek into complex system theory a bit.
One rule of (handling) complexity says: "Simple answers to complex questions, as well as simple solutions for complex problems, are generally wrong / going to fail".

Nuff said.

I have found Occam's razor a pretty effective tool to cut though "complex bullshit" problems. Your mileage may vary.

Regarding bitcoin people are talking doom here. Did it crash to like 800 again? (checks) No still stuck in the doldrums of 27,000.....

I disagree. A simple misunderstanding (through under-communication by myself) could be the key.
Occam's razor is about choosing theories/hypotheses over another by using reduction.

For example, the question "why don't people just move...?" isn't going to be fully answered by applying the most simple hypothesis Wink

Here, under knowledge about as many complex relations of the problem as possible, the most detailed answer would meet the needs.
If i didn't misunderstand.

EDIT: Forgot to mention that i feel definitely more relaxed since corn is correcting Grin

HairyMaclairy

legendary

Activity: 1442

Merit: 2282

Degenerate bull hatter & Bitcoin monotheist

Quote from: Biodom on December 29, 2020, 01:08:28 PM

Quote from: marcus_of_augustus on December 29, 2020, 01:03:53 PM

Quote from: Biodom on December 29, 2020, 12:50:54 PM

In memoriam...of something

https://www.trustnodes.com/2020/12/29/sec-sinks-xrp

Say what you want about that shitcoin, but the wanton destruction of monetary value (maybe wrongly attributed, I agree) is not something that I adore.
Honestly, if this would eventually cause SEC demise as a regulatory agency, so be it (see quotation).

Quote

XRP perhaps couldn’t withstand this injustice, but few can commend the way SEC went about enforcing it, even if they do agree.
Where coders are concerned, this is just another round they don’t even care about in a long running battle. The question is: will SEC be destroyed in the end?
You can not just wipe out tens of billions without courting hate, especially when the institution was already hated due to its investment prohibitions injustice inscribed in its very foundations.

The 'subtracted' value is obviously flowing mostly into bitcoin plus 2-3 s-coins (for now) .

I don't see how the ethereum pre-sale and issuance schedule makes it anything different than a security.

After ripple SEC will surely have ether in it's sights. Forever looking over their shoulders now.

Absolutely, especially since there is, apparently, no time frame limitations.
Another point to mention-i got a link to FTX from somewhere and there it was: USA is in an "interesting" group, together with N korea, iran, Crimea, etc.
Same for many other investment sites (Deribit comes to mind).
We are being cordoned off-all thanks to SEC and their malcontented Howey test, which should have been buried decades ago.
Add to that the concocted 'accredited investor' statute.
It's like you want darwinian evolution, but handicap some people in the race.

Fuck XRP and good riddance. They are scammers just trying to ride on Bitcoin’s coat tails, no different from Bcash lol. And fuck Eth too for that matter. I have done enough with ETH to know it’s a shit show.

Accredited investor schemes are there for a reason. And the reason is because Aunt Mabel can’t be trusted not to get caught up in bumblefuck Ponzi schemes like Bitconnect. So she goes screaming off to her Senator for a resolution. And the resolution is that Aunt Mabel isn’t allowed to play with the big boys anymore. And that’s a good thing, because the big boys will take her money and leave her with nothing every time.

There are plenty of accredited investors that do their dough all the time. But they aren’t supposed to whine about it.

If you have 40 BTC right now, you are an accredited investor. And that amount is falling all the time. By the end of this bull it might be 5 BTC or less.

Biodom

legendary

Activity: 3892

Merit: 4331

Quote from: serveria.com on December 29, 2020, 03:44:48 PM

Quote from: lightfoot on December 29, 2020, 03:26:26 PM

Quote from: OutOfMemory on December 29, 2020, 02:25:49 PM

Let's peek into complex system theory a bit.
One rule of (handling) complexity says: "Simple answers to complex questions, as well as simple solutions for complex problems, are generally wrong / going to fail".

Nuff said.

I have found Occam's razor a pretty effective tool to cut though "complex bullshit" problems. Your mileage may vary.

Regarding bitcoin people are talking doom here. Did it crash to like 800 again? (checks) No still stuck in the doldrums of 27,000.....

Exactly. Not sure why many think BTC in bull mode needs any significant corrections. Sideways? Maybe... Perhaps even "slow grow" kind of mode is possible (or +2k -1k sort of waves). Cool

It does not "need'' it, but bull markets with significant corrections last longer and grind higher.
So, it you want to achieve a higher price at the peak, then you "need" it.
Bitcoin does not care, of course.

serveria.com

legendary

Activity: 2422

Merit: 1191

Privacy Servers. Since 2009.

Quote from: lightfoot on December 29, 2020, 03:26:26 PM

Quote from: OutOfMemory on December 29, 2020, 02:25:49 PM

Let's peek into complex system theory a bit.
One rule of (handling) complexity says: "Simple answers to complex questions, as well as simple solutions for complex problems, are generally wrong / going to fail".

Nuff said.

I have found Occam's razor a pretty effective tool to cut though "complex bullshit" problems. Your mileage may vary.

Regarding bitcoin people are talking doom here. Did it crash to like 800 again? (checks) No still stuck in the doldrums of 27,000.....

Exactly. Not sure why many think BTC in bull mode needs any significant corrections. Sideways? Maybe... Perhaps even "slow grow" kind of mode is possible (or +2k -1k sort of waves). Cool

lightfoot

legendary

Activity: 3164

Merit: 2258

I fix broken miners. And make holes in teeth :-)

Quote from: OutOfMemory on December 29, 2020, 02:25:49 PM

Let's peek into complex system theory a bit.
One rule of (handling) complexity says: "Simple answers to complex questions, as well as simple solutions for complex problems, are generally wrong / going to fail".

Nuff said.

I have found Occam's razor a pretty effective tool to cut though "complex bullshit" problems. Your mileage may vary.

Regarding bitcoin people are talking doom here. Did it crash to like 800 again? (checks) No still stuck in the doldrums of 27,000.....

HairyMaclairy

legendary

Activity: 1442

Merit: 2282

Degenerate bull hatter & Bitcoin monotheist

Quote from: cAPSLOCK on December 29, 2020, 12:40:55 PM

If this is the 2020 tax year selloff then we are ... umm... in a bull market?

(tax year selloff for ants?)

We still have to make it through the next 48 hours. But yes it’s definitely looking strong right now.

bitebits

legendary

Activity: 2242

Merit: 3523

Flippin' burgers since 1163.

"Number of bitcoin UTXOs that are worth less than the time at which they were created (when the value was last spent:"

https://twitter.com/lopp/status/1343907838792527874

Biodom

legendary

Activity: 3892

Merit: 4331

Quote from: JayJuanGee on December 29, 2020, 03:04:11 PM

Quote from: Biodom on December 29, 2020, 02:09:01 PM

People "should" root for a correction because we are already overextended on a temporary basis and if we would keep going vertically UP, then we will reach the "blue" NUPL sooner than later and undergo a large correction. This ALWAYS happened before.

Having a "nice" 19% correction to 23Kish would allow up to keep going much further.

It either corrects or it doesn't I don't see any reason to root for it, unless you are either short or you sold too much too soon.

And, contrary to what you seem to be suggesting has to happen, bitcoin no doesn't work like that. We don't "have to" have a correction in order for UPpity to continue, especially based on underlying bitcoin fundamentals, if happen to understand or recognize what those happen to be, instead of trying to treat bitcoin as if it were some kind of a mature asset class.

I did not sell any..."I am the one who BUYS"... vs you, who is always selling stuff under some "program".
In short, if it is not "mature", then why sell at all?

d_eddie

legendary

Activity: 2520

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Quote from: Toxic2040 on December 29, 2020, 03:10:18 PM

a kiss on the lips

#nohomo?

Toxic2040

legendary

Activity: 1834

Merit: 4197

noon charts

#dyor

a kiss on the lips
1h

4h

#stronghands

JayJuanGee

legendary

Activity: 3934

Merit: 11405

Self-Custody is a right. Say no to"Non-custodial"

Quote from: Biodom on December 29, 2020, 02:09:01 PM

People "should" root for a correction because we are already overextended on a temporary basis and if we would keep going vertically UP, then we will reach the "blue" NUPL sooner than later and undergo a large correction. This ALWAYS happened before.

Having a "nice" 19% correction to 23Kish would allow up to keep going much further.

It either corrects or it doesn't I don't see any reason to root for it, unless you are either short or you sold too much too soon.

And, contrary to what you seem to be suggesting has to happen, bitcoin no doesn't work like that. We don't "have to" have a correction in order for UPpity to continue, especially based on underlying bitcoin fundamentals, if you happen to understand or recognize what those bitcoin fundamentals happen to be, instead of trying to categorize (and consider the price movements of) bitcoin as if it were some kind of a mature asset class, which it is not.

xhomerx10

legendary

Activity: 3808

Merit: 7912

Quote from: serveria.com on December 29, 2020, 11:12:43 AM

Quote from: lightfoot on December 29, 2020, 10:21:49 AM

Quote from: BobLawblaw on December 29, 2020, 09:00:39 AM

On the one hand, I find this terrible; running RAID-less storage units.

On the other hand, you are duplicating NAS A onto NAS B at regular intervals.

My brain is beginning to cook just a little bit.

Technically he is doing disk duplexing: Two disks, two controllers, two channels.

I always found custom raid controllers to be the worst possible idea: Not only are you reliant on the N+1 disks, you're relying on the controller not blowing a hole in itself and sinking everything. Bonus if you can't get a new controller/same version. Super bonus fuckage if the controller stores all the disk information in its eeprom instead of on-disk.

Seriously, if you are counting on a single cheap NAS it's better to give your data to Bowsette....

She'll take care of it.

Dafuq happened to her ears... Grin

Edit: scrolling lower... nice boobs though Cool

Ears? That reminds me of a joke I once read.

Monica Lewinsky was walking on the beach when she found a lantern washed up on the shore.
She started to rub it and out popped a genie. "Oh goodie, now I will get three wishes!" she exclaimed.
"No," said the genie, "You have been very bad this year, and because of this, I can only give you one wish."
"Let's see," says Monica, "I don't need fame, because I have plenty of that due to all of the media coverage.
I don't need money, because after I write my book, and do all my interviews, I'll have all the money I could
ever want. I would like to get rid of these love handles, though. Yes, that's it, for my one wish, I would like
my love handles removed."

Poof! And just like that...... her ears were gone.

source: http://www.jokes4us.com/classicadult/lovehandlesjoke.html

d_eddie

legendary

Activity: 2520

Merit: 3038

Quote from: Biodom on December 29, 2020, 02:09:01 PM

People "should" root for a correction because we are already overextended on a temporary basis and if we would keep going vertically UP, then we will reach the "blue" NUPL sooner than later and undergo a large correction. This ALWAYS happened before.

Having a "nice" 19% correction to 23Kish would allow up to keep going much further.

... and allow some wise bitcoiner to hoard a little bit moar.

(Not to mention degenerates.)

Hueristic

legendary

Activity: 3836

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Doomed to see the future and unable to prevent it

Quote from: d_eddie on December 29, 2020, 02:39:28 PM

As for pinterest, I loath that site. Even asking me to register content is too much. Still proudly no Spotify here, for example. And they do not simply copy-paste.

I agree, some times I will use it to collate other sites and when I find what I'm looking for I will goto that site. Wink

d_eddie

legendary

Activity: 2520

Merit: 3038

Quote from: Hueristic on December 29, 2020, 02:20:55 PM

Quote from: d_eddie on December 29, 2020, 09:11:10 AM

Great suggestion, Hueristic, thanks. I already have Ublock Origins installed. Do I have to pick overlays on each site separately, or is there a catch-all option I haven't noticed?

Yes as far as I know but then it is saved except for a few sites like pinterest that write code to make new JS overlays every time you load the page (no surprise as they are theifs that steal all their content and manipulate the site to force you to pay).

Quote from: Karartma1 on December 29, 2020, 09:18:31 AM

Great thanks!

NP

Thanks, I assume you mean there is a catch-all. Next time one of those pesky JS overlay comes up, I'll be sure to punish it with Ublock Origins.

As for pinterest, I loathe that site. Even asking me to register to view content is too much. Still proudly no Spotify here, for example. And they do not simply copy-paste.

Hueristic

legendary

Activity: 3836

Merit: 4969

Doomed to see the future and unable to prevent it

The best backup solutions are those that are tried and proven reliable over time.

Anyone got a spare warehouse to store my favorite jpg in?

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