Quote
While the improvement the researchers established is vanishingly small, computer scientists hope this breakthrough will inspire rapid further progress.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 6968. (Read 26711585 times)
October 09, 2020, 02:07:09 AM
https://www.quantamagazine.org/computer-scientists-break-traveling-salesperson-record-20201008/
October 09, 2020, 01:43:24 AM
ether ... legit ... ether-permabull.
you hat guys do as you please.
https://twitter.com/ICOffender/status/1314183355299225600?s=20 
October 09, 2020, 01:28:16 AM
[...]
Disclaimer: Poster currently has 91% of wealth invested into crypto (75% of which is in Bitcoin). Assume a perma-bull bias.
Disclaimer: Poster currently has 91% of wealth invested into crypto (75% of which is in Bitcoin). Assume a perma-bull bias.
Don’t you worry, that 75% will be close to 100% soon. No need to do anything.
Just noticed your message. Actually it was closer to 80%, but I'm shifting it down to 70%. Probably by BTC new ATH it'll be nearer 60%, but always 50% minimum, hence this forces you into "trimming" alts which is always healthy. Once Bitcoin tops out in this/the next cycle, then admittedly yes it will be close to 100% of the crypto I hold. Probably 90-95% again, with the exception of some ether. I generally enjoy low risk. Holding 100% Bitcoin when it is only around 60% of the cryptocurrency market seems insane to me, but you hat guys do as you please.
Don't worry though, I'm only buying alts to sell for btc (not fiat) in the long-term, I don't hodl that shit anymore, it's just a legit satoshi generator when done correctly.
With the exception of being an ether-permabull. Soz folks, but smart money is what led to this space, also atm I prefer 75-80% discounts than <50%
End morning ramble.
October 08, 2020, 11:48:04 PM
Thought I'd share this, made me optimistic, like a toke from the hopium bong:
Receding volatility and little price action may be frustrating for BTC traders, but the hardcore HODLers keep calm and continue hodling. The long-term Bitcoin's fundamentals still imply that the cryptocurrency has strong bullish potential; the only question is when it will realize it.
Receding volatility and little price action may be frustrating for BTC traders, but the hardcore HODLers keep calm and continue hodling. The long-term Bitcoin's fundamentals still imply that the cryptocurrency has strong bullish potential; the only question is when it will realize it.
* psycodad sees a slight chance he will not be forced to flip burgers by 2025
I am going to speculate that you have been accumulating BTC at minimum of about $100 per month for the past 5 years - and therefore you have already accumulated a BTC stash of at least more than 4 BTC..... (See this BTC DCA estimator, currently set at 5 years but can be adjusted to view different possible timelines)
If you keep accumulating BTC for another 5 years, maybe, at minimum, you could accumulate another 1 to 2 BTC, so therefore you should have at least 5 BTC, and perhaps 6 or more BTC.
Maybe flipping burgers will still be necessary, depending on how much capital you need, and whether I have underestimated the size of your stash, and of course, there are no guarantees that bitcoin is going to appreciate more than 10x from here in the next 5 years, even though I would think that you have decent odds of two more BTC price cycles that could well get you more than 10x BTC price appreciation.
Seems like you have not provided enough details... Based on the totality of your personal circcumstances and how you anticipate them to be in about 5 years, how much of a BTC price appreciation do you believe that you would need in order to feel comfortable to transition out of burger flippening?
October 08, 2020, 09:34:47 PM
EDIT: Has anyone gotten one of Bitpay's debit cards yet?
I have a Bitpay card -- the only issue is that I don't like spending my crypto so the coins I loaded on it and then converted to USD slowly get burned from inactivity... No complaints for the times I've used it but I don't use it often enough.
THAT is interesting information, thanks. IIUC that means if one transfers, say, 0.1BTC (call it $1800 now), you would automatically received some $1800 in cash (on the card).
But, if you just left your money idle there on the card, for a month say, some (small?) amount gets drained away? Sort of like those old "Green Dot" cards?
I suppose a way to get around that would be to transfer BTC to the card for debit card use would be just before you make an ATM dollar withdrawal or just before making a credit card style purchase.
Edited for errors...
October 08, 2020, 09:03:23 PM
Fun facts for today. Enjoy WO gang!
Do you prepare your Hodlpium?
Congratulations to all bitcoiners!
Data source:
Variable notes:
Raw data:
- Ignore all the massacres, pumps and dumps, in terms of medians (3 types) and minimums (2 types), Bitcoin is in its uptrend, over year.
- Volume is in low range
- 'Ghost month' is over, the East can boost volume up a bit soon
Do you prepare your Hodlpium?
- Fun-fact time-series plots for you.
- No description because plots tell you the story.
- Pay attention on multipliers
- In 3 types of median,2 types of min, p25 and p75 of daily low price BTC is in its uptrend.
- Look at p25, p75. If you buy BTC in price from $ 4155 to $10037 in years between 2018 till now, you are fine.
- If you bought BTC at a bit higher price than the lowest in a weak-down in March, you are fine
- Next target of BTC would be somewhere around $12300 (max_h)
Congratulations to all bitcoiners!
Data source:
Variable notes:
- Medians
- median_l: Median of daily low price over year
- median_h: Median of daily high price over year
- median_c: Median of daily close price over year
- min_c: Minimum of daily close price over year
- max_c: Maximum of daily close price over year
- min_l: Minimum of daily low price over year (Lowest over year)
- max_h: maximum of daily high price over year (Highest over year
- p25l: p25 quantile of daily low price over year
- p75l: p75 quantile of daily low price over year
Raw data:
Code:
+------------------------------------------------------------------------------------------------------+
| year median_l median_h median_c min_c max_c min_l max_h p25l p75l |
|------------------------------------------------------------------------------------------------------|
1. | 2013 124.7 129.9 127.04 68.43 1151.17 65.53 1156.14 104 199.97 |
2. | 2014 489.73 516.16 502.5 310.74 953.29 289.3 1017.12 382.25 609.1 |
3. | 2015 244.13 254.69 249.01 178.1 465.32 171.51 495.56 231.09 281.01 |
4. | 2016 575.315 588.96 582.555 364.33 975.92 354.91 979.4 427.09 653.7 |
5. | 2017 2510.48 2682.26 2589.41 777.76 19497.4 755.76 20089 1172.61 4377.46 |
|------------------------------------------------------------------------------------------------------|
6. | 2018 6747.98 7109.56 6906.92 3236.76 17527 3191.3 17712.4 6310.11 8360.62 |
7. | 2019 7583.22 8047.41 7824.23 3399.47 13016.23 3391.02 13796.49 4155.32 9411.52 |
8. | 2020 9221.055 9445.61 9324.99 4970.79 12254.4 4106.98 12359.06 8329.57 10037.07 |
+------------------------------------------------------------------------------------------------------+
| year median_l median_h median_c min_c max_c min_l max_h p25l p75l |
|------------------------------------------------------------------------------------------------------|
1. | 2013 124.7 129.9 127.04 68.43 1151.17 65.53 1156.14 104 199.97 |
2. | 2014 489.73 516.16 502.5 310.74 953.29 289.3 1017.12 382.25 609.1 |
3. | 2015 244.13 254.69 249.01 178.1 465.32 171.51 495.56 231.09 281.01 |
4. | 2016 575.315 588.96 582.555 364.33 975.92 354.91 979.4 427.09 653.7 |
5. | 2017 2510.48 2682.26 2589.41 777.76 19497.4 755.76 20089 1172.61 4377.46 |
|------------------------------------------------------------------------------------------------------|
6. | 2018 6747.98 7109.56 6906.92 3236.76 17527 3191.3 17712.4 6310.11 8360.62 |
7. | 2019 7583.22 8047.41 7824.23 3399.47 13016.23 3391.02 13796.49 4155.32 9411.52 |
8. | 2020 9221.055 9445.61 9324.99 4970.79 12254.4 4106.98 12359.06 8329.57 10037.07 |
+------------------------------------------------------------------------------------------------------+
October 08, 2020, 06:22:49 PM
Yes and no.
It would of course be ideal to achieve "herd immunity" but there are downsides of the procedure as well as the problem of mutation.
Like the flu, you can't actually get herd immunity, and it also does a lot of damage to the economy because of people lying sick at home, not able to work.
Herd immunity against the current circulating strains of SARS2, yes. Herd immunity forever? No. This comes at a price of taking out some % of global economic power, and it also has to be a global approach, because how could you explain country A to let people in from country B, who for example are currently herd immunizing, bringing in high infection/spreading rates? Just as a simple example of global covid complexity.
Covid is still seen too much as a national problem. It's in fact a global one, in a globalized economy, many people don't see this.
We'll have to swallow, either way. There seems to be no "best practice" for all of us.
I'm only replying to you because i think you're one of the sane members on board of the WO ship
I'll back off the discussion as soon as polarization or covid-denial posts show up
How can you have discussion without polarization? That would just be a bunch of guys agreeing.
October 08, 2020, 05:58:56 PM
EDIT: Has anyone gotten one of Bitpay's debit cards yet?
I have a Bitpay card -- the only issue is that I don't like spending my crypto so the coins I loaded on it and then converted to USD slowly get burned from inactivity... No complaints for the times I've used it but I don't use it often enough.
October 08, 2020, 05:18:12 PM
We are still early
Jack Dorsey has always been a flag-bearer of bitcoin. So it would still be early to consider that buying bitcoin as reserve is becoming a corporate trend. Morever, he said that purchasing bitcoin was in-line with the company's purpose. Are we going to see Square - Crypto Wallet soon?
It DOES seem that positive things are speeding up for BTC adoption and ease of use:
-- MSTR and @Jack buying in
-- Lots of talk about others entering BTC space
-- LibertyX making it cheap and easy to buy BTC (after KYC), not necessary to work with exchanges
-- BitPay apparently offers a debit card that would allow for use as a MasterCard and even to withdraw FIAT$ at ATMs.
The two immediately above are important advances.
Hmm, perhaps I should try and get one of Bitpay's cards? Another project, but that allows spending BTC easily. GREAT for liquidity.
EDIT: Has anyone gotten one of Bitpay's debit cards yet?
I believe someone was talking about it here just the other day...
October 08, 2020, 04:38:09 PM
We are still early
Jack Dorsey has always been a flag-bearer of bitcoin. So it would still be early to consider that buying bitcoin as reserve is becoming a corporate trend. Morever, he said that purchasing bitcoin was in-line with the company's purpose. Are we going to see Square - Crypto Wallet soon?
It DOES seem that positive things are speeding up for BTC adoption and ease of use:
-- MSTR and @Jack buying in
-- Lots of talk about others entering BTC space
-- LibertyX making it cheap and easy to buy BTC (after KYC), not necessary to work with exchanges
-- BitPay apparently offers a debit card that would allow for use as a MasterCard and even to withdraw FIAT$ at ATMs.
The two immediately above are important advances.
Hmm, perhaps I should try and get one of Bitpay's cards? Another project, but that allows spending BTC easily. GREAT for liquidity.
EDIT: Has anyone gotten one of Bitpay's debit cards yet?
October 08, 2020, 04:37:46 PM
Uh nobody talking about square buying 50 million $ worth of BTC and making a whitepaper how every other company can do the same? 
https://twitter.com/DeItaOne/status/1314191887524401164
square whitepaper: https://images.ctfassets.net/2d5q1td6cyxq/5sXNrlEh2mEnTvvhgtYOm2/737bcfdc15e2a1c3cbd9b9451710ce54/Square_Inc._Bitcoin_Investment_Whitepaper.pdf
/edit
nvm wasnt the first
https://twitter.com/DeItaOne/status/1314191887524401164
square whitepaper: https://images.ctfassets.net/2d5q1td6cyxq/5sXNrlEh2mEnTvvhgtYOm2/737bcfdc15e2a1c3cbd9b9451710ce54/Square_Inc._Bitcoin_Investment_Whitepaper.pdf
/edit
nvm wasnt the first
October 08, 2020, 04:36:38 PM
October 08, 2020, 04:22:14 PM
I see a crocodile wearing a snorkle, prepare for submersion
Don’t watch crocodiles, don’t be a broke dummy.... Buy BTC on the cheap
October 08, 2020, 04:11:52 PM
I see a crocodile wearing a snorkle, prepare for submersion
October 08, 2020, 04:00:42 PM
the noon wall report
#dyor
kitteh has both ears perked up
1h
raise periscope...flood tubes one and three
4h
#stronghands
#dyor
kitteh has both ears perked up
1h
raise periscope...flood tubes one and three
4h
#stronghands
If you're short you're doing it wrong? Is that the general gist of things? I already know the answer
$12K coming up next then? Looks that way for now...
October 08, 2020, 02:55:03 PM
the noon wall report
#dyor
kitteh has both ears perked up
1h
raise periscope...flood tubes one and three
4h
#stronghands
#dyor
kitteh has both ears perked up
1h
raise periscope...flood tubes one and three
4h
#stronghands
October 08, 2020, 02:09:21 PM
/repeated rant on
I watched as a young child as my parents marched in the 60's for civil rights and to end regime change wars. I watched them march in the 70's over gas shortages engineered by nation states and big oil companies. These entities operating with complete disregard towards environmental consequences and without a ounce of moral decency.
They carried this fight into my adulthood in the 80's and 90's where I picked up their cry and joined in protesting and being 'green' as we know it now, before it was even really a thing. Somewhere in the back of my mind this thought that they would live to see the changes we had all dreamed of.
The dream of not passing on this continued criminal neglect and destruction of our Planet.
My parents are gone now and I am left with carrying on the fight as best as I am able. Teaching my children as I was taught as best I can.
That this Earth we call home is it.
There is literally no other place to go...and why would we? As much as I advocate a colony on Mars and for humanity to expand into the final frontier of space we need to take care of our own backyard first.
Saying that, it doesnt have to be one or the other..it can and should be both...and more.
We are capable of so much...and we have more than enough resources AND production facilities for everyone. Many times over if we take a responsible long term custodial approach to this amazingly beautiful place we live on.
I have been lucky enough to travel some..and I can tell you I have wept with joy and wonder at the shear awesomeness that is Mother Nature. The grand vistas and profusion of life that abound throughout multiple ecosystems.
Our Mother is hurting now...and it is past time for change.
In my lifetime I have seen the gradual changes that are now increasing more rapidly. Event piling on event in cascade towards a future where life as we know it might not be possible on the surface of our planet anymore.
I am sick and tired of it. It has to change. I am unwilling to keep passing this off to the next generation.
We have to act now..before its too late.
/repeated rant off
i don't think greatness of nature is in danger. the ability to support humankind is. we will have to rely on technology I am afraid.
Look at the charts. Human population is clearly in a bubble, and arguably at a blow off top. Nothing but shorting going on from here and the sun will take care of that if we don't self-annihilate fast enough. Bitcoin has a 4 year cycle, the sun has 12ka cycle, and it's time!
October 08, 2020, 02:04:50 PM
/repeated rant on
I watched as a young child as my parents marched in the 60's for civil rights and to end regime change wars. I watched them march in the 70's over gas shortages engineered by nation states and big oil companies. These entities operating with complete disregard towards environmental consequences and without a ounce of moral decency.
They carried this fight into my adulthood in the 80's and 90's where I picked up their cry and joined in protesting and being 'green' as we know it now, before it was even really a thing. Somewhere in the back of my mind this thought that they would live to see the changes we had all dreamed of.
The dream of not passing on this continued criminal neglect and destruction of our Planet.
My parents are gone now and I am left with carrying on the fight as best as I am able. Teaching my children as I was taught as best I can.
That this Earth we call home is it.
There is literally no other place to go...and why would we? As much as I advocate a colony on Mars and for humanity to expand into the final frontier of space we need to take care of our own backyard first.
Saying that, it doesnt have to be one or the other..it can and should be both...and more.
We are capable of so much...and we have more than enough resources AND production facilities for everyone. Many times over if we take a responsible long term custodial approach to this amazingly beautiful place we live on.
I have been lucky enough to travel some..and I can tell you I have wept with joy and wonder at the shear awesomeness that is Mother Nature. The grand vistas and profusion of life that abound throughout multiple ecosystems.
Our Mother is hurting now...and it is past time for change.
In my lifetime I have seen the gradual changes that are now increasing more rapidly. Event piling on event in cascade towards a future where life as we know it might not be possible on the surface of our planet anymore.
I am sick and tired of it. It has to change. I am unwilling to keep passing this off to the next generation.
We have to act now..before its too late.
/repeated rant off
i don't think greatness of nature is in danger. the ability to support humankind is. we will have to rely on technology I am afraid.
October 08, 2020, 01:51:51 PM
bitcoin is mentioned 93 times in that report
ethereum not once
"feds don't regulate Tonka toys"
edit: further, some interesting stuff about privacy shitcoins and bitcoin privacy tech
plus
@joe007
chipmixer folks need to ponder this ^
ethereum not once
"feds don't regulate Tonka toys"
edit: further, some interesting stuff about privacy shitcoins and bitcoin privacy tech
plus
@joe007chipmixer folks need to ponder this ^
October 08, 2020, 01:29:01 PM
https://www.justice.gov/opa/pr/attorney-general-william-p-barr-announces-publication-cryptocurrency-enforcement-framework
plus a further 83 pages, linked at bottom
terrific lot of wank to wade through
Quote
“The United States has been enormously successful blocking terrorists, rogue regimes, and their supporters from funding their activity using traditional currencies,” said Task Force member John C. Demers, Assistant Attorney General for the National Security Division. “As the Cryptocurrency Enforcement Framework explains, we will adapt our strategy and tools to 21st century financing, including to combat the use of cryptocurrencies to evade enforcement and harm our national security.”
plus a further 83 pages, linked at bottom
terrific lot of wank to wade through
Wait a minute. Aren’t those the same “mujahidin” fighting against a Syrian government that America hates? And aren’t “al-Qaeda-Affiliated [Groups]” what Soleimani was fighting to suppress in Iraq? And...?
The Americans doth protest too much, methinks.
Quote
On the other hand, in addition to the substantial public safety and national security concerns discussed in this Framework, critics of cryptocurrency have raised questions about its supposed benefits. For example, certain critics contend that cryptocurrency could, if widely adopted, reduce the ability of national governments to regulate their economies through monetary policy.
duh
That’s a feature, not a bug.
Quote
FREEDOM IS SLAVERY.
IGNORANCE IS STRENGTH.
IGNORANCE IS STRENGTH.
Just for instance, look up what happened to Ngô Đình Diệm for an exemplary illustration of America’s long and sordid history of creating problems, and then pretending to fight them. The CIA set Vietnam up for a total Communist takeover with Diệm’s unfortunate demise—and then, of course, the valiant American world-police had to make war on Communism in Vietnam! A war that was deliberately set up, and deliberately set up to be unwinnable.
Just for instance.
“WAR IS PEACE”, indeed.
Learn a lesson from Diệm—or from Saddam Hussein and from the Kurds in Iraq who rebelled against Saddam in ’91—or any other of numerous examples of people who met their demises through American treachery:
Never trust the Americans.
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