Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 6829. (Read 26714334 times)

I watched that about three minute clip with Dalio.

Hm?  For some reason, I had thought that Dalio was one of the BIGGER traditional financial guys who was slowly starting to warm up to bitcoin, but apparently he is NOT getting it... and seems that part of the NOT getting it has to do with his being unable or unwilling to distinguish bitcoin from shitcoins.   He acts as if he knows the difference by creating two categories of analysis that involves bitcoin and other crypto currencies and then another category is central bank related digital currencies.   This is a very incomplete and even neophyte kind of framework, and it is difficult to know if he really thinks those things or is he faking his level of dumbness.

He also does NOT seem to get the difference between bitcoin and gold, either.  He seems to believe that gold is superior to bitcoin, yet his analysis in that direction seems quite incomplete too in terms of largely relying on a kind of presumption that gold is better because it is already known blah blah blah...

Sure, it is possible that he could learn in the coming years, but he is coming off as quite stubborn at the moment.. kind of coming off as a kind of Jaimie Dimon from 2014/2015.. and now, in recent times, Jaimie Dimon is actually coming around to bitcoin, no?  So could just be a matter of time, before Dalio starts to see the light.  Perhaps?  Perhaps?

We sure got there fast...

I expected modest gains, like maybe reaching 13k by the end of 2020.

short fib change ups

#dyor




#stronghands


----


wb

+1 WOsMerit

yes and it was really borderline for me to:


 mine at 7500
 a grind at 9000
I will take these 15000-16500 numbers all day long

Yes as I show above it is decent for a miner but not as good as 13 k was in July of 2019

Remember when we couldn't stay above 9k, over and over again?

remember when 16k was a big deal? now its just "meh"

Haven't been around here since 2 years. But before the ATH i need to log back on!

common reaction of pre-coiners. I missed the train, that stuff must be criminal and that is why I didn't buy.



side note: bitcoin rises seems to correlate with USD loosing strength. 2017 for example was a very bad year for the dollar. the pumps of 2020 were also correlated in that way so far. I sometimes check not the btc price but the Euro/USD and it is sometimes correlated up/down to the same minute.  for the last few days though, the USD is getting stronger vs all other fiat currencies but bitcoin has risen anyway.  


16000 in 3...    2.... 1....

2020-10-21  12,584
2020-10-22  12,963
2020-10-23  12,914
2020-10-24  13,053
2020-10-25  13,077
2020-10-26  13,063
2020-10-27  13,446
2020-10-28  13,372
2020-10-29  13,321
2020-10-30  13,406
2020-10-31  13,766

2020-11-01  13,762
2020-11-02  13,545
2020-11-03  13,632
2020-11-04  13,908
2020-11-05. 14,937
2020-11-06  15,570
2020-11-07  15,076
2020-11-08  15,255
2020-11-09  15,364
2020-11-10  15,325
2020-11-11  15,562
note pulled info from here


https://bitcointalksearch.org/topic/m.55488187

as I noted in an earlier post
 { https://bitcointalksearch.org/topic/m.55491561 }

 the  best streak of above 12,584

was from 2017-12-06 to 2018-01-15  that was 41 days

so 21 down and 20 to go.

   This will be a really nice streak to break.

  If we stay hot we break the streak on Dec. 2, 2020

so 2020-12-02 here we come.




We also are developing a second streak Nov 1 on is above 13545

we have never had a full month from day one stay above 13000. I for one want to see both things happen.

and we are unfolding a third streak more on that later.

At Torque

"Hey philipma1957, any thoughts on when Bitcoin hashrate will be back up to October levels?"


assuming the hot streak continues 3-5 jumps. this one is +5%




Last summer pre covid 2019 we peaked at 13,000+ a coin and blocks were 12.5 coins and the diff was 9.0t

the diff is now 16.79t  

price is 16k vs 13k I am rounding.


so 16.79/9 = 1.8655 harder 2 find a block and coins are ½ so 2 x 1.8655 = 3.731 worse for a miner factor price move to 16 from 13  1.23 better

so 3.731/ 1.23 = 3.03 worse the last summer when we hit 13k  do one more factor gear may be 50 watts vs 80 watts

so 80/50 = 1.6

3.03/1.6 = 1.893 x 1 worse for miner then july 2019 when we hit 13000.

long translation our 16 k price needs to be at  28-31k  for a miner to be doing as good as when we were at 13k last year.


How much pressure is that for upwards price or upwards diff  or both.

Basically your  anti-proudhon movement it the fun part for me to play head games with myself.

new yearly highs gentlebeings


#dyor


1h


4h

#stronghands

Hey philipma1957, any thoughts on when Bitcoin hashrate will be back up to October levels?

This guy is so far behind that it's comical!

 https://www.coindesk.com/bridgewaters-dalio-sees-governments-banning-bitcoin-should-it-become-material

"Ray Dalio, the founder and co-chairman of Bridgewater Associates, the world’s largest hedge fund, said he sees three main problems with bitcoin and other cryptocurrencies that will limit their future, including that governments will “outlaw” them should they start to become “material.”"

This is why bitcointalk is great.

So far you are the perfect example of a strong unchecked ego attempting to alter the reality to the one you see fit.

Now in the case of the miners that were going to quit the strong willed miner that led them out of the darkness was a hero.


Will this be true of you in the next 10 years.

Will crypto be crushed and you will have saved a few.

Or will crypto sail past the moon past mars and "to infinity and beyond" a quote from toy story.

I have no idea if crypto will crash and burn in the next 10 years.

I am clueless about that. But I do admire your steadfast attack on it.

Keep on posting maybe you are another hero miner from Chile or a fucking moron who needs his ego to be completely smashed to dust.

Time will tell  if you are a hero or a zero.

But... but.... I was told by some llama BTC is never going to exceed $10k ever again in it's history (math and science you know) and sold my entire stash at $9999... what am I gonna do now? What should I do the great llama please advise?  

Just noticed a $15991 on Bitstamp.  The $16000 is getting close. 

AYH

 

Bitcoin price goes up == Productivity goes down

 Let it ride!

Great.... staring at the ticker again.... not work getting done.